MillerKnoll Inc (MLKN)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,398,100 | 1,402,700 | 1,362,700 | 1,398,400 | 1,418,000 | 1,439,100 | 1,460,200 | 1,442,900 | 1,425,600 | 1,403,100 | 1,380,600 | 1,393,500 | 1,406,400 | 1,442,900 | 1,479,400 | 1,499,600 | 1,514,500 | 1,479,200 | 1,446,600 | 1,409,400 |
| 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 |
| Gross profit margin | 38.87% | 39.24% | 39.20% | 39.45% | 39.33% | 39.43% | 39.51% | 18.52% | 18.28% | 17.84% | 17.41% | 35.23% | 34.59% | 34.67% | 34.76% | 34.81% | 34.88% | 34.33% | 34.04% | 33.75% |
February 28, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,398,100K ÷ $3,597,000K
= 38.87%
MillerKnoll Inc's gross profit margin has shown some fluctuations over the period analyzed. It increased steadily from May 2022 to May 2023, indicating an improvement in the company's ability to generate profit from its core operations. However, there was a significant drop in the gross profit margin in June 2023, August 2023, and September 2023, which might raise concerns about the company's cost management or pricing strategies during that period.
Subsequently, there was a gradual recovery in the gross profit margin from November 2023 onwards, reaching a peak of 39.51% in December 2023. This spike in December 2023 was followed by relatively stable gross profit margins in the range of 39-34%, with some minor fluctuations, until February 2025.
Overall, the general trend in the gross profit margin of MillerKnoll Inc has been positive, with occasional fluctuations that may require further investigation to understand the underlying factors influencing the company's profitability.