Lennar Corporation (LEN)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 26,647,800 | 26,580,700 | 25,656,600 | 25,015,100 | 24,418,300 | 24,100,500 | 22,977,300 | 21,598,300 | 20,679,100 | 20,816,400 | 20,650,200 | 19,576,100 | 18,896,200 | 17,994,900 | 17,172,100 | 16,542,700 | 16,044,600 | 15,949,500 | 15,371,900 | 15,159,300 |
| ROE | 15.24% | 14.82% | 15.20% | 17.02% | 19.28% | 19.15% | 19.51% | 20.47% | 19.02% | 21.28% | 19.96% | 17.28% | 16.24% | 13.70% | 13.14% | 12.72% | 12.51% | 11.59% | 12.82% | 12.60% |
February 29, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $4,061,318K ÷ $26,647,800K
= 15.24%
The return on equity (ROE) for Lennar Corporation has shown fluctuations over the past few years. From November 2019 to May 2020, the ROE remained relatively stable in the range of 11.59% to 13.70%. However, starting from August 2020, there was a gradual increase in ROE with peaks reaching 19.51% in November 2022 and 20.47% in May 2022.
ROE then experienced a slight decline to 15.24% in February 2024, but still remained above the levels observed in the earlier periods. Overall, the company has shown a generally positive trend in ROE, indicating that it has been generating a higher return for its shareholders in recent years. It is important to continue monitoring ROE trends to assess the company's profitability and efficiency in utilizing shareholders' equity.
Peer comparison
Feb 29, 2024