Lennar (Lennar) Days Payable

: 23.38 (As of Feb. 2024)

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Lennar's average Accounts Payable for the three months ended in Feb. 2024 was $1,598 Mil. Lennar's Cost of Goods Sold for the three months ended in Feb. 2024 was $6,238 Mil. Hence, Lennar's Days Payable for the three months ended in Feb. 2024 was 23.38.

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

LEN.B' s Days Payable Range Over the Past 10 Years
Min: 19.11 Med: 20.67 Max: 22.37
Current: 20.42

During the past 13 years, Lennar's highest Days Payable was 22.37. The lowest was 19.11. And the median was 20.67.

LEN.B's Days Payable is ranked worse than
74% of 100 companies
in the Homebuilding & Construction industry
Industry Median: 40.65 vs LEN.B: 20.42

Lennar's Days Payable declined from Feb. 2023 (25.61) to Feb. 2024 (23.38). It may suggest that Lennar accelerated paying its suppliers.

Lennar Days Payable Historical Data

The historical data trend for Lennar's Days Payable 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

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

20.86

20.22

19.93

20.25

20.95

Lennar Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable																25.61	21.70	21.91	17.15	23.38

Competitive Comparison

For the Residential Construction subindustry, Lennar's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable Distribution

For the Homebuilding & Construction industry and Consumer Cyclical sector, Lennar's Days Payable distribution charts can be found below:

* The bar in red indicates where Lennar's Days Payable falls into.

Lennar Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Lennar's Days Payable for the fiscal year that ended in Nov. 2023 is calculated as

	Days Payable (A: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2022 )	+	Accounts Payable (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (1616.128	+	1631.401)	/	2 )	/	28292.382	*	365
=	1623.7645					/	28292.382	*	365
=	20.95

Lennar's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (1631.401	+	1565.464)	/	2 )	/	6237.715	*	365 / 4
=	1598.4325					/	6237.715	*	365 / 4
=	23.38

Lennar Days Payable 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 » Days Payable

Comparable Companies

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.