MillerKnoll Inc (MLKN)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,198,900 | 2,463,200 | 2,405,100 | 2,746,800 | 2,787,800 | 2,961,700 | 2,986,000 | 3,108,500 | 3,133,000 | 3,090,900 | 3,180,400 | 3,195,800 | 3,293,100 | 3,358,500 | 3,416,100 | 3,124,000 | 3,471,400 | 3,158,800 | 3,427,100 | 3,390,100 |
| Payables | US$ in thousands | — | — | — | — | 242,000 | — | 250,700 | — | 252,000 | — | 269,500 | — | 282,700 | — | 281,600 | — | 303,200 | — | — | 355,100 |
| Payables turnover | — | — | — | — | 11.52 | — | 11.91 | — | 12.43 | — | 11.80 | — | 11.65 | — | 12.13 | — | 11.45 | — | — | 9.55 |
February 28, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,198,900K ÷ $—K
= —
Payables turnover is a financial ratio that measures how efficiently a company is managing its accounts payable by evaluating how many times a company pays off its average accounts payable balance during a specific period. A higher payables turnover ratio indicates that the company is paying its suppliers more frequently, which may signify good liquidity management or strong negotiating power.
Analyzing the payables turnover data of MillerKnoll Inc over the specified periods provides insights into the company's payment practices. The data shows various payables turnover ratios ranging from 9.55 to 12.43. The variability in the ratios may indicate fluctuations in the company's payment patterns and relationships with suppliers.
For example, a lower payables turnover ratio, such as 9.55, suggests that MillerKnoll Inc takes longer to pay off its suppliers compared to a higher ratio like 12.43, where the company pays its accounts payable more frequently. These fluctuations could be influenced by factors such as changes in purchasing volume, payment terms, or supplier relationships.
Overall, a consistent and stable payables turnover ratio over time may indicate that MillerKnoll Inc has a well-managed accounts payable process. However, further analysis and comparison with industry benchmarks or historical data would provide a more robust understanding of the company's payables management efficiency.