Lennar Corporation (LEN)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 26,580,700 | 24,100,500 | 20,816,400 | 17,994,900 | 15,949,500 |
| ROE | 14.82% | 19.15% | 21.28% | 13.70% | 11.59% |
November 30, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $3,938,510K ÷ $26,580,700K
= 14.82%
Lennar Corp.'s return on equity (ROE) indicates the company's efficiency in utilizing shareholders' equity to generate profits. The ROE has seen fluctuations over the past five years, with a peak of 21.03% in 2021 and a low of 11.49% in 2019. The downward trend from 2021 to 2023 may signal a decrease in the company's ability to generate earnings from shareholders' investments. Despite the fluctuation, the company's ROE remained positive, which indicates that Lennar Corp. has been consistently generating profits relative to shareholders' equity. It is important to consider other financial metrics and factors affecting the housing industry to gain a comprehensive understanding of Lennar Corp.'s performance.
Peer comparison
Nov 30, 2023