Lennar's average Accounts Payable for the
three
months ended in Feb. 2022 was $1,321 Mil. Lennar's Cost of Goods Sold for the
three
months ended in Feb. 2022 was $4,997 Mil.
Hence, Lennar's Days Payable for the
three
months ended in Feb. 2022 was 24.13.
The historical rank and industry rank for Lennar's Days Payable or its related term are showing as below:
LEN'
s Days Payable Range Over the Past 10 Years
Min: 18.22 Med: 20.67 Max: 22.37
Current: 19.96
During the past 13 years, Lennar's highest Days Payable was 22.37. The lowest was 18.22. And the median was 20.67.
LEN's Days Payable is ranked worse than 73.74% of 99
companies
in the Homebuilding & Construction industry
Industry Median: 36.33
vs LEN: 19.96
Lennar's Days Payable
increased
from Feb. 2021 (21.75) to Feb. 2022 (24.13).
It may suggest that Lennar delayed paying its suppliers.
Lennar Days Payable Historical Data
The historical data trend for Lennar's Days Payable 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 Annual Data
Trend
Nov12
Nov13
Nov14
Nov15
Nov16
Nov17
Nov18
Nov19
Nov20
Nov21
Days Payable
22.37
19.11
20.86
20.22
19.93
Lennar Quarterly Data
May17
Aug17
Nov17
Feb18
May18
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
Days Payable
21.75
19.45
19.91
17.76
24.13
Competitive Comparison
For the Residential Construction subindustry, Lennar's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable Distribution
For the Homebuilding & Construction industry and Consumer Cyclical sector, Lennar's Days Payable distribution charts can be found below:
* The bar in red indicates where Lennar's Days Payable falls into.
Lennar Days Payable Calculation
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Lennar's Days Payable for the fiscal year that ended in Nov. 2021 is calculated as
* 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.
Lennar Days Payable Related Terms
Thank you for viewing the detailed overview of Lennar's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.
After merging with CalAtlantic in February 2018, Lennar has become the largest public homebuilder (by revenue) in the United States. 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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