MillerKnoll Inc (MLKN)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,383,100 | 3,481,800 | 3,646,400 | 3,778,200 | 3,916,100 | 3,939,400 | 3,996,700 | 4,031,800 | 4,021,300 | 3,835,000 | 3,401,900 | 2,944,200 | 2,487,400 | 2,183,700 | 1,714,900 | 1,794,000 | 1,848,900 | 1,925,200 | 2,392,600 | 2,348,200 |
| Inventory | US$ in thousands | 430,600 | 440,500 | 437,400 | 448,200 | 473,200 | 487,400 | 539,600 | 587,100 | 615,500 | 587,300 | 520,800 | 482,900 | 446,200 | 228,600 | 201,000 | 191,000 | 186,500 | 197,300 | 200,500 | 184,400 |
| 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 |
November 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,383,100K ÷ $430,600K
= 7.86
The inventory turnover of MillerKnoll Inc has experienced fluctuations over the past few years. It indicates how efficiently the company manages its inventory by selling and replenishing it within a certain period. The data shows that the inventory turnover has ranged between 5.57 and 12.73 over the past few years, with a recent figure of 7.86 as of Nov 30, 2024.
A higher inventory turnover ratio signifies that the company is efficiently selling its inventory and restocking it quickly. On the other hand, a lower ratio may indicate overstocking or slow sales. In the case of MillerKnoll Inc, the recent ratios of around 7.86 to 8.43 suggest that the company is effectively managing its inventory levels and turning over its stock multiple times within a year.
Overall, based on the inventory turnover data provided, MillerKnoll Inc appears to have a healthy inventory management system in place, ensuring a balance between stocking enough inventory to meet demand while not tying up excessive capital in unsold goods.