MillerKnoll Inc (MLKN)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 9.73 | 11.09 | 24.18 | 22.67 | 24.56 | 22.28 | — | — | — | 10.26 | 9.63 | 8.47 | 8.46 | 11.10 | 10.50 | 10.55 | 10.88 | 12.42 | 10.30 | 10.75 | |
| DSO | days | 37.50 | 32.92 | 15.10 | 16.10 | 14.86 | 16.38 | — | — | — | 35.58 | 37.89 | 43.10 | 43.15 | 32.88 | 34.75 | 34.60 | 33.56 | 29.39 | 35.45 | 33.96 |
November 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.73
= 37.50
Based on the historical data provided, MillerKnoll Inc's days of sales outstanding (DSO) have shown some fluctuations over the past few years.
- The DSO on Nov 30, 2019, was 33.96 days, indicating the number of days it takes for the company to collect its accounts receivable.
- This DSO increased to 35.45 days by Feb 29, 2020, before decreasing to 29.39 days by May 30, 2020.
- The trend continued with fluctuations, reaching 43.15 days on Aug 28, 2021, and then decreasing to 15.10 days on Mar 2, 2024.
- Notably, there are missing values ("— days") for some periods, which might suggest missing data or adjustments in the accounting practices.
Overall, the trend in DSO indicates the effectiveness of MillerKnoll Inc's accounts receivable management. A lower DSO generally signifies that the company is collecting payments from customers more quickly, which is favorable for cash flow management. Conversely, a higher DSO could indicate issues with collections or credit terms extended to customers. It would be important for the company to further investigate the reasons behind these fluctuations to ensure optimal working capital management and financial health.