MillerKnoll Inc (MLKN)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 9.24 | 10.07 | 10.19 | 11.38 | 11.52 | 12.24 | 11.91 | 12.40 | 12.43 | 12.27 | 11.80 | 11.86 | 11.65 | 11.88 | 12.13 | 11.09 | 11.45 | 10.42 | 9.65 | 9.55 | |
| Number of days of payables | days | 39.52 | 36.26 | 35.83 | 32.08 | 31.68 | 29.82 | 30.64 | 29.44 | 29.36 | 29.76 | 30.93 | 30.78 | 31.33 | 30.72 | 30.09 | 32.90 | 31.88 | 35.03 | 37.82 | 38.23 |
February 28, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.24
= 39.52
The analysis of MillerKnoll Inc's number of days of payables reveals fluctuations over the periods examined. On May 28, 2022, the company's payables were at 38.23 days, indicating that it took approximately 38 days to pay off its obligations. However, specific data points such as May 31, 2022, August 31, 2022, and subsequent periods are marked as "— days," suggesting that the information for those periods is not available or not applicable.
Moving forward, September 3, 2022, showed a decrease in the number of days of payables to 31.88 days, indicating potentially improved efficiency in settling obligations. Further fluctuations were observed in subsequent periods with varying days of payables like 30.09 days on December 3, 2022; 31.33 days on March 4, 2023; and 29.36 days on September 2, 2023, among others.
The data indicates that MillerKnoll Inc may be managing its payables differently over time, potentially impacting its cash flow and financial stability. Monitoring these trends can provide insights into the company's liquidity management and relationships with suppliers or creditors.