Market Cap : 20.81 B | Enterprise Value : 24.14 B | PE Ratio : 4.92 | PB Ratio : 0.98 |
---|
NYSE:LEN has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
NYSE:LEN has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Lennar's annualized Net Income for the quarter that ended in Feb. 2022 was $2,014 Mil. Lennar's average total tangible assets for the quarter that ended in Feb. 2022 was $29,289 Mil. Therefore, Lennar's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2022 was 6.88%.
The historical rank and industry rank for Lennar's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Lennar's highest Return-on-Tangible-Asset was 15.86%. The lowest was 4.45%. And the median was 6.56%.
The historical data trend for Lennar's Return-on-Tangible-Asset 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.
For the Residential Construction subindustry, Lennar's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
For the Homebuilding & Construction industry and Consumer Cyclical sector, Lennar's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Lennar's Return-on-Tangible-Asset falls into.
Lennar's annualized Return-on-Tangible-Asset for the fiscal year that ended in Nov. 2021 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Nov. 2021 ) | (A: Nov. 2020 ) | (A: Nov. 2021 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Nov. 2021 ) | (A: Nov. 2020 ) | (A: Nov. 2021 ) | |||||
= | 4430.111 | / | ( (26303.119 | + | 29575.72) | / 2 ) | |
= | 4430.111 | / | 27939.4195 | ||||
= | 15.86 % |
Lennar's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2022 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Feb. 2022 ) | (Q: Nov. 2021 ) | (Q: Feb. 2022 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Feb. 2022 ) | (Q: Nov. 2021 ) | (Q: Feb. 2022 ) | |||||
= | 2014.324 | / | ( (29575.72 | + | 29003.194) | / 2 ) | |
= | 2014.324 | / | 29289.457 | ||||
= | 6.88 % |
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Feb. 2022) net income data.
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companyÂ’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companyÂ’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Thank you for viewing the detailed overview of Lennar's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
From GuruFocus
By PRNewswire 01-31-2022
Other Sources
By Zacks 2022-03-24
By Zacks 2022-03-23
By Zacks 2022-03-31
By Zacks 2022-03-23
By Zacks 2022-03-16
By Zacks 2022-03-11
By Zacks 2022-03-21
By Zacks 2022-03-10
By Zacks 2022-03-08
By Zacks 2022-03-15
By Zacks 2022-03-11
By Zacks 2022-04-05
By tipranks.com 2022-03-18
By Zacks 2022-03-18