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Lennar Inventory Turnover

: 0.25 (As of Feb. 2022)
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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Lennar's Cost of Goods Sold for the three months ended in Feb. 2022 was $4,997 Mil. Lennar's Total Inventories for the quarter that ended in Feb. 2022 was $20,079 Mil. Lennar's Inventory Turnover for the quarter that ended in Feb. 2022 was 0.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lennar's Days Inventory for the three months ended in Feb. 2022 was 366.66.

Total Inventories can be measured by Days Sales of Inventory (DSI). Lennar's days sales of inventory (DSI) for the three months ended in Feb. 2022 was 295.35.

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 quarter that ended in Feb. 2022 was 3.24.


Lennar Inventory Turnover Historical Data

The historical data trend for Lennar's Inventory Turnover 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
Inventory Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.10 1.29 1.10 1.08 1.19

Lennar Quarterly Data
May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22
Inventory Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.25 0.28 0.29 0.34 0.25

Lennar Inventory Turnover Calculation

Lennar's Inventory Turnover for the fiscal year that ended in Nov. 2021 is calculated as

Inventory Turnover (A: Nov. 2021 )
=Cost of Goods Sold / Total Inventories
=Cost of Goods Sold (A: Nov. 2021 ) / ((Total Inventories (A: Nov. 2020 ) + Total Inventories (A: Nov. 2021 )) / count )
=21594.037 / ((17175.148 + 19169.397) / 2 )
=21594.037 / 18172.2725
=1.19

Lennar's Inventory Turnover for the quarter that ended in Feb. 2022 is calculated as

Inventory Turnover (Q: Feb. 2022 )
=Cost of Goods Sold / Total Inventories
=Cost of Goods Sold (Q: Feb. 2022 ) / ((Total Inventories (Q: Nov. 2021 ) + Total Inventories (Q: Feb. 2022 )) / count )
=4996.952 / ((19169.397 + 20988.209) / 2 )
=4996.952 / 20078.803
=0.25

* 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  (NYSE:LEN) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Lennar's Days Inventory for the three months ended in Feb. 2022 is calculated as:

Days Inventory =Total Inventories (Q: Feb. 2022 )/Cost of Goods Sold (Q: Feb. 2022 )*Days in Period
=20078.803/4996.952*365 / 4
=366.66

2. Total Inventories can be measured by Days Sales of Inventory (DSI).

Lennar's Days Sales of Inventory for the three months ended in Feb. 2022 is calculated as:

Days Sales of Inventory (DSI)=Total Inventories (Q: Feb. 2022 )/Revenue (Q: Feb. 2022 )*Days in Period
=20078.803/6203.516*365 / 4
=295.35

3. 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 quarter that ended in Feb. 2022 is calculated as

Inventory-to-Revenue=Total Inventories (Q: Feb. 2022 ) / Revenue (Q: Feb. 2022 )
=20078.803 / 6203.516
=3.24

* 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.


Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.


Lennar Inventory Turnover Related Terms

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


Lennar Business Description

Lennar logo
Industry
Address
700 Northwest 107th Avenue, Miami, FL, USA, 33172
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.
Executives
Bessette Diane J officer: VP/CFO/Treasurer LENNAR CORPORATION 700 NW 107 AVE 4TH FLR MIAMI FL 33172
Collins David M officer: Controller LENNAR CORPORATION 700 NW 107 AVENUE STE 400 MIAMI FL 33172
Jaffe Jonathan M director, officer: President LENNAR CORPORATION 700 NW 107 AVE 4TH FLR MIAMI FL 33172
Mccall Jeffrey Joseph officer: Executive Vice President 26 TECHNOLOGY DRIVE IRVINE CA 92618
Stowell Scott D director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: STOWELL SCOTT D a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Gerard Steven L director P.O. BOX 554 MILWAUKEE WI 53201-0554
Bolotin Irving director LENNAR CORPORATION 700 NW 107 AVE 4TH FLR MIAMI FL 33172
Sustana Mark officer: VP/General Counsel/Secretary LENNAR CORPORATION 700 NW 107 AVE 4TH FLR MIAMI FL 33172
Beckwitt Richard director, officer: Chief Executive Officer LENNAR CORPORATION 700 NW 107 AVE 4TH FLR MIAMI FL 33172
Olivera Armando J director C/O FLUOR CORPORATION 6700 LAS COLINAS BLVD IRVING TX 75039
Gilliam Theron I director GMS INC. 100 CRESCENT CENTRE PARKWAY, SUITE 800 TUCKER 2Q 30084
Mcclure Teri P director 55 GLENLAKE PARKWAY NE ATLANTA GA 30328
Sonnenfeld Jeffrey director 14 WALL ST 13TH FL NEW YORK NY 10005
Hudson Sherrill W director 201 SOUTH BISCAYNE BOULEVARD 34TH FLOOR, MIAMI CENTER MIAMI FL 33131
Lapidus Sidney director 466 LEXINGTON AVENUE FLOOR NEW YORK NY 10017

Lennar Headlines

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