Lennar (LTS:0JU0) Days Inventory : 284.09 (As of Feb. 2024)

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What is Lennar Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Lennar's Average Total Inventories for the three months ended in Feb. 2024 was $19,420 Mil. Lennar's Cost of Goods Sold for the three months ended in Feb. 2024 was $6,238 Mil. Hence, Lennar's Days Inventory for the three months ended in Feb. 2024 was 284.09.

The historical rank and industry rank for Lennar's Days Inventory or its related term are showing as below:

LTS:0JU0' s Days Inventory Range Over the Past 10 Years
Min: 251.55 Med: 332.23 Max: 392.11
Current: 266

During the past 13 years, Lennar's highest Days Inventory was 392.11. The lowest was 251.55. And the median was 332.23.

LTS:0JU0's Days Inventory is ranked better than
56.12% of 98 companies
in the Homebuilding & Construction industry
Industry Median: 321.76 vs LTS:0JU0: 266.00

Lennar's Days Inventory declined from Feb. 2023 (347.63) to Feb. 2024 (284.09).

Inventory Turnover measures how fast the company turns over its inventory within a year. Lennar's Inventory Turnover for the three months ended in Feb. 2024 was 0.32.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Lennar's Inventory-to-Revenue for the three months ended in Feb. 2024 was 2.66.

Lennar Days Inventory Historical Data

The historical data trend for Lennar's Days Inventory 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.

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Lennar Days Inventory Chart

Lennar Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Inventory

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332.63

338.48

307.16

270.76

251.55

Lennar Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Inventory	Get a 7-Day Free Trial															347.63	300.75	286.48	212.12	284.09

Competitive Comparison of Lennar's Days Inventory

For the Residential Construction subindustry, Lennar's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Lennar's Days Inventory Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Lennar's Days Inventory distribution charts can be found below:

* The bar in red indicates where Lennar's Days Inventory falls into.

Lennar Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Lennar's Days Inventory for the fiscal year that ended in Nov. 2023 is calculated as

	Days Inventory (A: Nov. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Nov. 2022 )	+	Total Inventories (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (20099.905	+	18897.67)	/	2 )	/	28292.382	*	365
=	19498.7875					/	28292.382	*	365
=	251.55

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

	Days Inventory (Q: Feb. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (18897.67	+	19942.759)	/	2 )	/	6237.715	*	365 / 4
=	19420.2145					/	6237.715	*	365 / 4
=	284.09

Lennar (LTS:0JU0) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Lennar's Inventory Turnover for the three months ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6237.715	/	19420.2145
	=	0.32

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Lennar's Inventory to Revenue for the three months ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	19420.2145	/	7312.93
	=	2.66

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Lennar Days Inventory Related Terms

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

Lennar (LTS:0JU0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Lennar Corp (LTS:0JU0) » Definitions » Days Inventory

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.

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