MillerKnoll Inc (MLKN)
Gross profit margin
| Nov 30, 2024 | Aug 31, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Sep 3, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,422,300 | 1,403,400 | 1,421,800 | 1,420,400 | 1,416,000 | 1,430,000 | 1,457,800 | 1,461,700 | 1,447,100 | 1,352,700 | 1,196,300 | 1,087,600 | 979,000 | 951,100 | 890,900 | 903,600 | 914,900 | 911,300 | 993,600 | 971,100 |
| Revenue (ttm) | US$ in thousands | 3,615,500 | 3,543,600 | 7,706,000 | 7,817,700 | 7,936,600 | 8,100,200 | 4,176,800 | 4,230,500 | 4,199,000 | 3,907,600 | 3,428,600 | 2,996,200 | 2,601,900 | 2,454,300 | 2,308,500 | 2,384,400 | 2,432,800 | 2,477,600 | 2,672,900 | 2,629,100 |
| Gross profit margin | 39.34% | 39.60% | 18.45% | 18.17% | 17.84% | 17.65% | 34.90% | 34.55% | 34.46% | 34.62% | 34.89% | 36.30% | 37.63% | 38.75% | 38.59% | 37.90% | 37.61% | 36.78% | 37.17% | 36.94% |
November 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,422,300K ÷ $3,615,500K
= 39.34%
The gross profit margin of MillerKnoll Inc has shown fluctuations over the past few years. In the most recent period ending on Nov 30, 2024, the gross profit margin was reported at 39.34%, slightly lower than the previous period ending on Aug 31, 2024, which stood at 39.60%. Comparing these figures to earlier periods, there is a noticeable improvement from the margins reported in 2023, where figures ranged between 17.65% to 34.90%.
Overall, the trend in the gross profit margin seems to have normalized and maintained a level above 30% in the most recent quarters. This suggests that the company has been effectively managing its cost of goods sold and generating a reasonable level of gross profit relative to its revenue. However, it would be beneficial to further investigate the factors influencing these margins and whether there are any long-term sustainability concerns or improvements that can be made to enhance profitability.