MillerKnoll Inc (MLKN)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 13.83 | 14.75 | 15.07 | 15.07 | 15.54 | 14.62 | 14.14 | 14.32 | 13.26 | 10.80 | 9.98 | 8.83 | 7.60 | 12.24 | 10.76 | 10.91 | 11.59 | 14.95 | 13.25 | 14.09 | |
| Number of days of payables | days | 26.40 | 24.75 | 24.22 | 24.22 | 23.49 | 24.97 | 25.82 | 25.49 | 27.52 | 33.80 | 36.57 | 41.36 | 48.04 | 29.82 | 33.93 | 33.45 | 31.49 | 24.42 | 27.55 | 25.91 |
November 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.83
= 26.40
The number of days of payables for MillerKnoll Inc has fluctuated over the past few years. As of November 30, 2024, the company took approximately 26.40 days to pay its creditors on average. This is slightly higher compared to the previous period, where on August 31, 2024, the number of days of payables was 24.75 days.
Looking back at historical data, there seems to be a general trend of variability in the number of days of payables. It reached a peak of 48.04 days on August 28, 2021, and hit a low of 24.22 days on March 2, 2024, and December 2, 2023. These fluctuations could indicate changes in the company's payment policies, supplier relationships, or overall business operations.
Overall, the number of days of payables can provide insights into how efficiently MillerKnoll Inc manages its accounts payable and cash flow. Monitoring this ratio over time can help identify patterns or potential areas for improvement in managing vendor payments and working capital.