Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Lennar's annualized net income for the quarter that ended in Aug. 2023 was $4,436 Mil. Lennar's average shareholder tangible equity for the quarter that ended in Aug. 2023 was $21,704 Mil. Therefore, Lennar's annualized Return-on-Tangible-Equity for the quarter that ended in Aug. 2023 was 20.44%.
The historical rank and industry rank for Lennar's Return-on-Tangible-Equity or its related term are showing as below:
LEN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.06 Med: 15.69 Max: 28.09
Current: 18.75
During the past 13 years, Lennar's highest Return-on-Tangible-Equity was 28.09%. The lowest was 11.06%. And the median was 15.69%.
LEN's Return-on-Tangible-Equity is ranked better than 72.38% of 105
companies
in the Homebuilding & Construction industry
Industry Median: 10.69
vs LEN: 18.75
Lennar Return-on-Tangible-Equity Historical Data
The historical data trend for Lennar's Return-on-Tangible-Equity 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
Nov13
Nov14
Nov15
Nov16
Nov17
Nov18
Nov19
Nov20
Nov21
Nov22
Return-on-Tangible-Equity
18.26
15.94
18.50
28.09
24.51
Lennar Quarterly Data
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
May23
Aug23
Return-on-Tangible-Equity
31.46
26.57
11.57
16.54
20.44
Competitive Comparison
For the Residential Construction subindustry, Lennar's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity Distribution
For the Homebuilding & Construction industry and Consumer Cyclical sector, Lennar's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Lennar's Return-on-Tangible-Equity falls into.
Lennar Return-on-Tangible-Equity Calculation
Lennar's annualized Return-on-Tangible-Equity for the fiscal year that ended in Nov. 2022 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Aug. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Lennar Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Lennar's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
0.74(0.68%) Volume: 2,764,239 11:08PM EDT
Email Alerts
Stock PDF
RSS
Website
Filings
Download
Manual of Stocks™ Web APP
LEN has been successfully added to your 
