MillerKnoll Inc (MLKN)
Working capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,597,000 | 3,574,700 | 3,476,600 | 3,544,800 | 3,605,400 | 3,650,000 | 3,695,400 | 7,789,600 | 7,796,800 | 7,863,900 | 7,930,900 | 3,955,600 | 4,065,800 | 4,162,300 | 4,256,400 | 4,308,300 | 4,341,900 | 4,309,300 | 4,249,800 | 4,175,600 |
| Total current assets | US$ in thousands | 1,140,600 | 1,125,800 | 1,071,800 | 1,069,600 | 1,083,400 | 1,083,400 | 1,114,300 | 1,114,300 | 1,097,700 | 1,097,700 | 1,176,200 | 1,176,200 | 1,276,100 | 1,276,100 | 1,309,900 | 1,309,900 | 1,331,200 | 1,331,200 | 1,317,900 | 1,317,900 |
| Total current liabilities | US$ in thousands | 683,100 | 703,700 | 675,700 | 697,700 | 680,500 | 680,500 | 713,800 | 713,800 | 704,500 | 704,500 | 702,800 | 702,800 | 733,200 | 733,200 | 773,200 | 773,200 | 773,000 | 773,000 | 877,400 | 877,400 |
| Working capital turnover | 7.86 | 8.47 | 8.78 | 9.53 | 8.95 | 9.06 | 9.23 | 19.45 | 19.83 | 20.00 | 16.75 | 8.36 | 7.49 | 7.67 | 7.93 | 8.03 | 7.78 | 7.72 | 9.65 | 9.48 |
February 28, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,597,000K ÷ ($1,140,600K – $683,100K)
= 7.86
The working capital turnover ratio of MillerKnoll Inc has shown some fluctuations over the reported period. It was relatively high in June 2023 at 16.75, indicating that the company efficiently utilized its working capital to generate revenue. The ratio further increased in August 2023 and September 2023, reaching 20.00 and 19.83, respectively, implying a continued strong performance in working capital management.
However, the ratio decreased in the following periods, dropping to 8.47 by November 2024 and 7.86 by February 2025. This decline suggests that the company may have experienced challenges in effectively utilizing its working capital resources during those periods.
Overall, the working capital turnover ratio of MillerKnoll Inc has demonstrated both periods of strong performance and potential areas for improvement in managing its working capital efficiently to support revenue generation.