Lennar Corporation (LEN)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 4,061,318 | 3,938,518 | 3,899,668 | 4,258,008 | 4,707,074 | 4,614,121 | 4,482,171 | 4,421,721 | 3,932,324 | 4,430,113 | 4,122,383 | 3,381,911 | 3,067,954 | 2,465,036 | 2,256,580 | 2,103,528 | 2,007,594 | 1,849,052 | 1,970,896 | 1,910,741 |
| 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 |
| ROA | 10.43% | 10.04% | 10.42% | 11.55% | 12.87% | 12.15% | 12.68% | 12.89% | 12.05% | 13.34% | 12.59% | 10.83% | 10.04% | 8.23% | 7.70% | 7.18% | 6.88% | 6.30% | 6.69% | 6.46% |
February 29, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $4,061,318K ÷ $38,951,200K
= 10.43%
The return on assets (ROA) for Lennar Corporation has shown fluctuations over the past few periods. From Nov 30, 2019, to Feb 29, 2020, the ROA was relatively stable around the 6-7% range. However, from May 31, 2020, to Nov 30, 2021, there was a gradual increase in ROA, reaching a peak of 13.34% on May 31, 2021.
Subsequently, there was a slight decrease in the ROA to around 10-12% range from Feb 28, 2022, to Nov 30, 2023. The ROA fluctuated within this range, with the lowest point at 10.04% in both Nov 30, 2023, and Feb 29, 2024.
Overall, Lennar Corporation's ROA performance indicates varying levels of asset utilization efficiency and profitability over the periods analyzed. The company should continue to monitor and manage its asset utilization to sustain and potentially improve its financial performance.
Peer comparison
Feb 29, 2024