MillerKnoll Inc (MLKN)
Net profit margin
| Jun 3, 2023 | May 28, 2022 | May 29, 2021 | May 30, 2020 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 42,100 | -27,100 | 174,600 | -8,700 | 160,500 |
| Revenue | US$ in thousands | 8,100,200 | 7,841,800 | 4,916,300 | 4,960,700 | 5,122,300 |
| Net profit margin | 0.52% | -0.35% | 3.55% | -0.18% | 3.13% |
June 3, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $42,100K ÷ $8,100,200K
= 0.52%
The net profit margin of MillerKnoll Inc has fluctuated over the past five years. In Jun 3, 2023, the net profit margin stood at 1.03%, indicating that for every dollar of revenue, the company generated a net profit of 1.03 cents. This is an improvement from the previous year's figure of -0.69%. However, in May 29, 2021, the net profit margin was significantly higher at 7.02%, indicating stronger profitability in that period. The trend has been somewhat volatile, with the margin dipping to -0.37% in May 30, 2020, before bouncing back to 6.25% in the preceding year. The fluctuation in net profit margin suggests that MillerKnoll Inc's profitability has not been consistent and may be influenced by changes in costs, revenue, or other economic factors. Further analysis of the company's financial and operational performance would be necessary to fully understand the reasons behind these fluctuations.