MillerKnoll Inc (MLKN)
Days of sales outstanding (DSO)
| 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 | May 28, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | — | 11.31 | — | 10.72 | — | 24.13 | — | 21.82 | — | — | — | — | — | — | — | — | 10.96 | |
| DSO | days | — | — | — | — | 32.26 | — | 34.06 | — | 15.13 | — | 16.73 | — | — | — | — | — | — | — | — | 33.30 |
February 28, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
MillerKnoll Inc's Days Sales Outstanding (DSO) is a measure of the average number of days the company takes to collect payment after making a sale.
Based on the available data, the DSO for MillerKnoll Inc fluctuated over the period:
1. May 28, 2022: 33.30 days
2. June 3, 2023: 16.73 days
3. September 2, 2023: 15.13 days
4. December 2, 2023: 34.06 days
5. March 2, 2024: 32.26 days
The DSO value of 33.30 days on May 28, 2022, indicates that the company took an average of about 33 days to collect receivables. A decrease in DSO from 33.30 days to 16.73 days on June 3, 2023, suggests a more efficient collection process, as the company is collecting payments faster.
The subsequent decrease in DSO to 15.13 days on September 2, 2023, further indicates an improvement in the company's collections process. However, the DSO increased to 34.06 days on December 2, 2023, reflecting a potential delay in collecting payments during that period.
Overall, the trend in DSO for MillerKnoll Inc shows some fluctuations, indicating potential changes in the company's accounts receivable management and collection efficiency over the analyzed periods. Further analysis and monitoring of DSO trends can provide valuable insights into the company's liquidity, credit risk, and operational effectiveness.