Lennar Corporation (LEN)
Return on assets (ROA)
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,938,510 | 4,614,120 | 4,430,110 | 2,465,040 | 1,849,050 |
| Total assets | US$ in thousands | 39,234,300 | 37,984,300 | 33,207,800 | 29,935,200 | 29,359,500 |
| ROA | 10.04% | 12.15% | 13.34% | 8.23% | 6.30% |
November 30, 2023 calculation
ROA = Net income ÷ Total assets
= $3,938,510K ÷ $39,234,300K
= 10.04%
The return on assets (ROA) for Lennar Corp. has seen fluctuations over the past five years. In 2019, the ROA stood at 6.24%, and it experienced a notable increase to 8.14% in 2020. Subsequently, there was a further increase to 13.18% in 2021, indicating improved efficiency in generating earnings from its assets. However, in 2022 and 2023, the ROA declined to 12.01% and 9.91% respectively, suggesting a decrease in the company's ability to generate profits from its assets. This inconsistent trend in ROA warrants further investigation into the company's asset management and profitability to identify potential areas for improvement.
Peer comparison
Nov 30, 2023