Lennar Corporation (LEN)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 27,870,100 | 26,580,700 | 24,100,500 | 20,816,400 | 17,994,900 |
| ROE | 14.11% | 14.82% | 19.15% | 21.28% | 13.70% |
November 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $3,932,530K ÷ $27,870,100K
= 14.11%
Lennar Corporation's return on equity (ROE) has shown fluctuations over the last five years. In November 2020, the ROE was recorded at 13.70%, indicating a decent profitability in relation to shareholders' equity. Subsequently, there was a notable increase in ROE to 21.28% by November 2021, signifying improved efficiency in generating profits from the shareholders' investment.
However, in the following years, there was a slight decrease in ROE. By November 2022, the ROE stood at 19.15%, still above the initial level but showing a slight decline. This trend continued with an ROE of 14.82% in November 2023 and further dipped to 14.11% by November 2024.
Overall, Lennar Corporation's ROE performance indicates a mix of positive and slightly declining trends over the analyzed period. It is important for the company to monitor and potentially address the factors contributing to the fluctuations in ROE to sustain and improve its profitability relative to shareholder equity.
Peer comparison
Nov 30, 2024