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LEN (Lennar) Days Inventory : 236.35 (As of Aug. 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 Aug. 2024 was $20,575 Mil. Lennar's Cost of Goods Sold for the three months ended in Aug. 2024 was $7,944 Mil. Hence, Lennar's Days Inventory for the three months ended in Aug. 2024 was 236.35.

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

LEN' s Days Inventory Range Over the Past 10 Years
Min: 245.71   Med: 332.23   Max: 392.11
Current: 245.71

During the past 13 years, Lennar's highest Days Inventory was 392.11. The lowest was 245.71. And the median was 332.23.

LEN's Days Inventory is ranked better than
53.93% of 89 companies
in the Homebuilding & Construction industry
Industry Median: 310.21 vs LEN: 245.71

Lennar's Days Inventory declined from Aug. 2023 (286.48) to Aug. 2024 (236.35).

Inventory Turnover measures how fast the company turns over its inventory within a year. Lennar's Inventory Turnover for the three months ended in Aug. 2024 was 0.39.

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 Aug. 2024 was 2.19.


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.

* Premium members only.

Lennar Days Inventory Chart

Lennar Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 332.63 338.48 307.16 270.76 251.55

Lennar Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Days Inventory Get a 7-Day Free Trial 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 286.48 212.12 284.09 250.42 236.35

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 Aug. 2024 is calculated as:

Days Inventory (Q: Aug. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: May. 2024 ) + Total Inventories (Q: Aug. 2024 )) / count ) / Cost of Goods Sold (Q: Aug. 2024 )*Days in Period
=( (20509.714 + 20640.509) / 2 ) / 7943.796*365 / 4
=20575.1115 / 7943.796*365 / 4
=236.35

* 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) 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 Aug. 2024 is calculated as

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 Aug. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=20575.1115 / 9416.042
=2.19

* 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

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 Business Description

Address
5505 Waterford District Drive, Miami, FL, USA, 33126
Lennar is one of the largest public homebuilders 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 and single-family for rent construction and has invested in numerous housing-related technology startups.
Executives
Amy Banse director 345 PARK AVENUE, SAN JOSE CA 95110
Diane J Bessette officer: VP/CFO/Treasurer LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172
Mark Sustana officer: VP/General Counsel/Secretary LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172
David M Collins officer: VP & Controller LENNAR CORPORATION, 700 NW 107 AVENUE STE 400, MIAMI FL 33172
Jeffrey Joseph Mccall officer: Executive Vice President 26 TECHNOLOGY DRIVE, IRVINE CA 92618
Dacona Smith director 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Serena Wolfe director ANNALY CAPITAL MANAGEMENT, INC., 1211 AVE. OF THE AMERICAS, NEW YORK NY 10036
Jonathan M Jaffe director, officer: Vice President LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172
Scott D Stowell director
Irving Bolotin director LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172
Steven L Gerard director P.O. BOX 554, MILWAUKEE WI 53201-0554
Armando J Olivera director C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD, IRVING TX 75039
Sherrill W Hudson director 201 SOUTH BISCAYNE BOULEVARD, 34TH FLOOR, MIAMI CENTER, MIAMI FL 33131
Jeffrey Sonnenfeld director 14 WALL ST 13TH FL, NEW YORK NY 10005
Theron I Gilliam director GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084