MillerKnoll Inc (MLKN)

The Days of Inventory on Hand (DOH) for MillerKnoll Inc. has exhibited notable fluctuations over the specified period. As of May 31, 2022, the company's DOH was approximately 82.66 days, indicating that, on average, inventory remained in stock for nearly 83 days before sale or usage. By May 31, 2023, this metric decreased to approximately 66.95 days, reflecting a reduction of approximately 15.71 days in the inventory holding period, which suggests an improvement in inventory turnover efficiency.

Further data points show a significant decline by June 3, 2023, with the DOH dropping to approximately 45.13 days. This sharp decrease, roughly 21.82 days from the May 2023 figure, indicates a period of accelerated inventory turnover, potentially driven by operational improvements, inventory management strategies, or a shift in sales dynamics.

Subsequently, by May 31, 2024, the DOH increased again to approximately 70.82 days, representing an upward trend and a lengthening of the average inventory holding period. This reversal could suggest either a strategic buildup of inventory, slower sales, or supply chain factors affecting inventory decisions.

The data for May 31, 2025, is not available, and thus, no analysis can be provided for that period.

Overall, the trend reflects a period of significant improvement from mid-2022 to early 2023, followed by a notable reduction in inventory holding days, and then a subsequent increase approaching the earlier levels, illustrating fluctuations in inventory management and operational cycle efficiencies over this timeframe.