MillerKnoll Inc (MLKN)
Days of sales outstanding (DSO)
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Dec 2, 2023 | Nov 30, 2023 | Sep 2, 2023 | Aug 31, 2023 | Jun 3, 2023 | May 31, 2023 | Mar 4, 2023 | Feb 28, 2023 | Dec 3, 2022 | Nov 30, 2022 | Sep 3, 2022 | Aug 31, 2022 | May 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 9.73 | 10.40 | 9.62 | 10.88 | 10.73 | 11.31 | 11.45 | 10.72 | 22.59 | 24.13 | 24.34 | 21.82 | 10.88 | — | 10.68 | — | 10.82 | — | 11.57 | 11.16 | |
| DSO | days | 37.51 | 35.11 | 37.93 | 33.55 | 34.03 | 32.26 | 31.87 | 34.06 | 16.16 | 15.13 | 15.00 | 16.73 | 33.54 | — | 34.17 | — | 33.72 | — | 31.53 | 32.71 |
May 31, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.73
= 37.51
The data indicates that MillerKnoll Inc’s days of sales outstanding (DSO) have experienced some fluctuations over the observed period. Initially, as of May 31, 2022, the DSO was approximately 32.71 days, reflecting the average time it takes for the company to collect receivables. In the subsequent months, the DSO remained relatively stable, with figures such as 31.53 days in August 2022 and 33.72 days in November 2022, suggesting consistent collection periods during that period.
The DSO figures for the early months of 2023 show a slight increase, reaching 34.17 days as of February 28, 2023, indicating a marginal elongation in the collection cycle. A notable anomaly appears on June 3, 2023, when the DSO significantly declined to 16.73 days, which may be attributed to a reporting anomaly, accounting adjustments, or a temporary improvement in receivables collection efficiency. Subsequently, from late 2023 into early 2024, the DSO generally maintained a range between approximately 15.00 and 16.16 days, signaling a period of more rapid receivables collection relative to previous months.
However, from December 2023 onward, the DSO shows an upward trend, with figures such as 34.06 days on December 2, 2023, and further increases reaching 37.93 days by November 30, 2024. The latest data points from early 2025 indicate a DSO of around 35.11 to 37.51 days, which suggests a lengthening collection cycle compared to earlier periods.
Overall, the trend reveals periods of both stability and variability in MillerKnoll's receivables collection efficiency. The recent upward movement in DSO may imply a slight deterioration in collection effectiveness, potential changes in customer credit terms, or shifts in the company's sales mix. Maintaining or improving collection times would be beneficial as prolonged DSO can impact cash flow.