Lennar (FRA:LNN) Change In Receivables : €-928 Mil (TTM As of Feb. 2024)

View and export this data going back to 1972. Start your Free Trial

What is Lennar Change In Receivables?

Lennar's change in receivables for the quarter that ended in Feb. 2024 was €401 Mil. It means Lennar's Accounts Receivable declined by €401 Mil from Nov. 2023 to Feb. 2024 .

Lennar's change in receivables for the fiscal year that ended in Nov. 2023 was €-304 Mil. It means Lennar's Accounts Receivable increased by €304 Mil from Nov. 2022 to Nov. 2023 .

Lennar's Accounts Receivable for the quarter that ended in Feb. 2024 was €1,191 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Lennar's Days Sales Outstanding for the three months ended in Feb. 2024 was 16.03.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Lennar's liquidation value for the three months ended in Feb. 2024 was €3,721 Mil.

Lennar Change In Receivables Historical Data

The historical data trend for Lennar's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Lennar Change In Receivables Chart

Lennar Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Change In Receivables

Get a 7-Day Free Trial

282.59

21.88

-253.84

-414.37

-304.17

Lennar Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Receivables	Get a 7-Day Free Trial															1,041.00	-624.39	-246.04	-459.01	401.30

Lennar Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-928 Mil.

Lennar (FRA:LNN) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Lennar's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1190.909	/	6779.086	*	91
=	16.03

2. In Ben Graham's calculation of liquidation value, Lennar's accounts receivable are only considered to be worth 75% of book value:

Lennar's liquidation value for the quarter that ended in Feb. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	4868.678	-	11284.62	+	0.75 * 1190.909	+	0.5 * 18486.938
=	3,721

Lennar Change In Receivables Related Terms

Thank you for viewing the detailed overview of Lennar's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Lennar (FRA:LNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Lennar Corp (FRA:LNN) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

LEN.B:USA LEN:USA LEN:Mexico LNN:Germany L1EN34:Brazil

Address

5505 Blue Lagoon Drive, Miami, FL, USA, 33126

Website

https://www.lennar.com

Based on the number of delivered homes, Lennar is the second-largest public homebuilder in the United States, behind D.R. Horton. The company's homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar's financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily construction and has invested in numerous housing-related technology startups.