MillerKnoll Inc (MLKN)
Working capital turnover
| May 31, 2025 | May 31, 2024 | Jun 3, 2023 | May 31, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,669,900 | 3,628,400 | 8,100,200 | 4,087,100 | 3,946,000 |
| Total current assets | US$ in thousands | — | 1,069,600 | 1,176,200 | 1,176,200 | 1,313,100 |
| Total current liabilities | US$ in thousands | — | 697,700 | 702,800 | 702,800 | 872,600 |
| Working capital turnover | — | 9.76 | 17.11 | 8.63 | 8.96 |
May 31, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,669,900K ÷ ($—K – $—K)
= —
The analysis of MillerKnoll Inc's working capital turnover over the specified period reveals notable fluctuations. As of May 31, 2022, the company's working capital turnover stood at 8.96, reflecting the efficiency with which working capital was utilized to generate sales. This ratio experienced a slight decline by May 31, 2023, decreasing to 8.63, indicating a marginal reduction in operational efficiency in transforming working capital into sales.
However, a significant increase is observed by June 3, 2023, when the ratio sharply rose to 17.11. This substantial jump suggests an immediate improvement in the company's operational efficiency, potentially due to more effective management of current assets and liabilities, or a temporary spike in sales relative to working capital during that period.
Following this peak, the ratio declined again, settling at 9.76 as of May 31, 2024. This decrease indicates a moderation in working capital efficiency, possibly due to changes in sales volume, increased working capital requirements, or shifts in operational management practices.
Data for May 31, 2025, is unavailable, leaving the most recent trend incomplete. Overall, the fluctuation in MillerKnoll Inc's working capital turnover demonstrates variability in how efficiently the company utilizes its working capital to generate sales across the analyzed periods, with a notable peak shortly after June 2023.