MillerKnoll Inc (MLKN)
Profitability ratios
Return on sales
| May 31, 2024 | Jun 3, 2023 | May 31, 2023 | May 31, 2022 | May 28, 2022 | |
|---|---|---|---|---|---|
| Gross profit margin | 39.12% | 17.65% | 34.99% | 34.28% | 17.25% |
| Operating profit margin | 4.61% | 1.51% | 2.99% | 5.05% | 0.51% |
| Pretax margin | 2.75% | 0.58% | 1.26% | -0.22% | -0.20% |
| Net profit margin | 2.27% | 0.52% | 1.03% | -0.50% | -0.35% |
MillerKnoll Inc's profitability ratios show a fluctuating trend over the past few years. The gross profit margin has varied between 17.25% and 39.12%, indicating the company's ability to generate profits after accounting for the cost of goods sold. The operating profit margin has also exhibited variability, ranging from 0.51% to 5.05%, reflecting the efficiency of the company's core operations in generating profits.
However, the pretax margin has experienced both negative and positive figures, showing a mix of profitability and potential areas for improvement in managing expenses and taxes. The net profit margin has similarly varied, with figures between -0.35% and 2.27%, highlighting the company's bottom line profitability after all expenses are considered.
Overall, the company's profitability ratios suggest a certain level of volatility in its financial performance, indicating the need for continuous monitoring and strategic decision-making to maintain and improve profitability levels.
Return on investment
| May 31, 2024 | Jun 3, 2023 | May 31, 2023 | May 31, 2022 | May 28, 2022 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 4.13% | 2.86% | 2.86% | 4.42% | 0.88% |
| Return on assets (ROA) | 2.04% | 0.98% | 0.98% | -0.44% | -0.60% |
| Return on total capital | 12.70% | 4.31% | 8.54% | 2.05% | 0.78% |
| Return on equity (ROE) | 5.94% | 2.94% | 2.94% | -1.38% | -1.90% |
MillerKnoll Inc's profitability ratios show a mixed performance over the period analyzed. The Operating return on assets (Operating ROA) fluctuated between 0.88% to 4.42% with an average of 3.23%, indicating the company's ability to generate operating profits relative to its total assets improved but was somewhat volatile.
The Return on assets (ROA) ranged from -0.60% to 2.04% with an average of 0.59%, showing a slight improvement in efficiently utilizing assets to generate profits. This ratio indicates the company's ability to generate profits from its total assets, with a positive trend over the analyzed period.
The Return on total capital varied between 0.78% to 12.70% with an average of 5.67%, demonstrating the company's effectiveness in generating profits from both debt and equity investments. The performance in this ratio significantly improved over the period, indicating better overall profitability and efficiency in capital utilization.
The Return on equity (ROE) moved from -1.90% to 5.94% with an average of 1.09%, revealing mixed results in generating profits from shareholders' equity. The increase in this ratio suggests a more favorable return to the company's equity investors, albeit at a moderate pace.
Overall, the analysis of profitability ratios indicates that MillerKnoll Inc made progress in efficiently using its assets to generate profits and improving returns for both debt and equity investors over the period studied.