Lennar (Lennar) Change In Inventory : $2,145 Mil (TTM As of Feb. 2024)

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What is Lennar Change In Inventory?

Lennar's change in inventory for the quarter that ended in Feb. 2024 was $-285 Mil. It means Lennar's inventory increased by $285 Mil from Nov. 2023 to Feb. 2024 .

Lennar's change in inventory for the fiscal year that ended in Nov. 2023 was $2,274 Mil. It means Lennar's inventory declined by $2,274 Mil from Nov. 2022 to Nov. 2023 .

Lennar's Total Inventories for the quarter that ended in Feb. 2024 was $19,943 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lennar's Days Inventory for the quarter that ended in Feb. 2024 was 284.09.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lennar's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.32.

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. 2024 was 2.66.

Lennar Change In Inventory Historical Data

The historical data trend for Lennar's Change In 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.

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Lennar Change In Inventory Chart

Lennar Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Change In Inventory

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-623.64

781.36

-1,184.12

-1,711.77

2,274.08

Lennar Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Inventory	Get a 7-Day Free Trial															-156.23	166.97	-18.31	2,281.65	-285.02

Lennar Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,145 Mil.

Lennar (NYSE:LEN.B) Change In Inventory Explanation

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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	19420.2145	/	6237.715	*	365 / 4
	=	284.09

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Lennar's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6237.715	/	19420.2145
	=	0.32

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. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	19420.2145	/	7312.93
	=	2.66

Lennar Change In Inventory Related Terms

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Lennar (Lennar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Lennar Corp (NYSE:LEN.B) » Definitions » Change In Inventory

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Traded in Other Exchanges

LEN:USA LEN:Mexico LNN0:Germany LNN:Germany LNN:Germany L1EN34:Brazil

Address

5505 Blue Lagoon Drive, Miami, FL, USA, 33126

Website

https://www.lennar.com

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.