MillerKnoll Inc (MLKN)
Days of inventory on hand (DOH)
| Nov 30, 2024 | Aug 31, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Sep 3, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 7.86 | 7.90 | 8.34 | 8.43 | 8.28 | 8.08 | 7.41 | 6.87 | 6.53 | 6.53 | 6.53 | 6.10 | 5.57 | 9.55 | 8.53 | 9.39 | 9.91 | 9.76 | 11.93 | 12.73 | |
| DOH | days | 46.46 | 46.18 | 43.78 | 43.30 | 44.10 | 45.16 | 49.28 | 53.15 | 55.87 | 55.90 | 55.88 | 59.87 | 65.48 | 38.21 | 42.78 | 38.86 | 36.82 | 37.41 | 30.59 | 28.66 |
November 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.86
= 46.46
The days of inventory on hand (DOH) for MillerKnoll Inc have shown some fluctuations over the past few years, ranging from a low of 28.66 days on November 30, 2019, to a high of 65.48 days on August 28, 2021. The most recent data indicates that as of November 30, 2024, the company had an inventory turnover of 46.46 days.
Overall, the trend in DOH appears to have been relatively stable in recent periods, with minor variations observed. The company seems to have been managing its inventory efficiently, maintaining a consistent level of inventory turnover that is neither too low nor too high.
It is important for MillerKnoll Inc to continue monitoring and optimizing its inventory management practices to ensure that its DOH remains at an optimal level. By doing so, the company can strike a balance between having enough inventory to meet customer demand and minimizing carrying costs associated with excess inventory.