MillerKnoll Inc (MLKN)
Gross profit margin
| May 31, 2024 | Jun 3, 2023 | May 31, 2023 | May 31, 2022 | May 28, 2022 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,419,500 | 1,430,000 | 1,430,000 | 1,352,700 | 1,352,700 |
| Revenue | US$ in thousands | 3,628,400 | 8,100,200 | 4,087,100 | 3,946,000 | 7,841,800 |
| Gross profit margin | 39.12% | 17.65% | 34.99% | 34.28% | 17.25% |
May 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,419,500K ÷ $3,628,400K
= 39.12%
Based on the data provided, MillerKnoll Inc's gross profit margin has shown fluctuating trends over the analyzed period. The gross profit margin was observed to be at 17.25% on May 28, 2022, indicating a relatively low level of profitability. However, there was a significant improvement in the margin to 34.28% by May 31, 2022, suggesting enhanced efficiency in generating revenue from sales after a short period.
The trend continued with a slight increase to 34.99% by May 31, 2023, showing a consistent and sustained level of profitability within the company's operations. However, there was a moderate decrease in the margin to 17.65% by June 3, 2023, signaling a potential decrease in revenue relative to the cost of goods sold.
Nonetheless, the company experienced a notable surge in profitability with a gross profit margin of 39.12% by May 31, 2024, indicating improved cost management and revenue generation efficiency. Overall, the analysis suggests that MillerKnoll Inc's gross profit margin has been variable but generally improving over the specified period, reflecting changes in the company's revenue and cost structures.