Lennar Corporation (LEN)
Return on assets (ROA)
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,932,530 | 3,938,510 | 4,614,120 | 4,430,110 | 2,465,040 |
| Total assets | US$ in thousands | 41,312,800 | 39,234,300 | 37,984,300 | 33,207,800 | 29,935,200 |
| ROA | 9.52% | 10.04% | 12.15% | 13.34% | 8.23% |
November 30, 2024 calculation
ROA = Net income ÷ Total assets
= $3,932,530K ÷ $41,312,800K
= 9.52%
Based on the provided data, Lennar Corporation's return on assets (ROA) has shown some fluctuations over the past five years.
As of November 30, 2020, the ROA was at 8.23%. Subsequently, there was a notable increase in the ROA to 13.34% by November 30, 2021, indicating an improvement in the company's ability to generate profits from its assets.
The ROA slightly decreased to 12.15% by November 30, 2022, which suggests a slight decline in the efficiency of utilizing assets to generate earnings.
By November 30, 2023, the ROA further decreased to 10.04%, indicating a continued decrease in profitability relative to assets.
Lastly, as of November 30, 2024, the ROA declined to 9.52%, signifying a further reduction in the company's ability to generate profits from its assets compared to the previous year.
Overall, the trend in Lennar Corporation's ROA indicates fluctuations in the company's efficiency in generating earnings from its assets over the five-year period.
Peer comparison
Nov 30, 2024