Lennar Corporation (LEN)
Operating return on assets (Operating ROA)
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 34,323,740 | 27,327,808 | 15,729,042 | 15,931,042 | 7,924,978 | 8,727,074 | 30,893,040 | 24,114,220 | 25,526,734 | 26,173,660 | 5,836,560 | 4,863,734 | 4,421,662 | 3,482,201 | 3,203,830 | 3,011,854 | 2,887,338 | 2,775,406 | 3,030,717 | 2,836,937 |
| Total assets | US$ in thousands | 38,951,200 | 39,234,300 | 37,438,100 | 36,857,700 | 36,573,200 | 37,984,300 | 35,339,900 | 34,306,200 | 32,635,300 | 33,207,800 | 32,744,200 | 31,223,200 | 30,552,000 | 29,935,200 | 29,315,300 | 29,309,000 | 29,173,700 | 29,359,500 | 29,459,400 | 29,583,100 |
| Operating ROA | 88.12% | 69.65% | 42.01% | 43.22% | 21.67% | 22.98% | 87.42% | 70.29% | 78.22% | 78.82% | 17.82% | 15.58% | 14.47% | 11.63% | 10.93% | 10.28% | 9.90% | 9.45% | 10.29% | 9.59% |
February 29, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $34,323,740K ÷ $38,951,200K
= 88.12%
Operating return on assets (Operating ROA) is a key financial ratio that provides insight into how efficiently a company is generating operating profits from its assets. It is calculated by dividing operating income by average total assets.
Based on the data provided for Lennar Corporation, we observe fluctuations in the operating ROA over the past few quarters. The highest operating ROA was reported at 88.12% in February 2024, indicating a strong ability to generate operating profits from its assets during that period.
However, the operating ROA has shown variability in other quarters, with values ranging from 69.65% to as low as 9.45%. This inconsistency may suggest fluctuations in operating income relative to the level of assets employed by the company.
Overall, a high operating ROA reflects a company's efficiency in utilizing its assets to generate operating profits. It is recommended for investors and stakeholders to monitor the trend of this ratio over time to assess the company's operational performance and efficiency in generating returns from its asset base.
Peer comparison
Feb 29, 2024