MillerKnoll Inc (MLKN)
Net profit margin
| May 31, 2024 | Jun 3, 2023 | May 31, 2023 | May 31, 2022 | May 28, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 82,300 | 42,100 | 42,100 | -19,700 | -27,100 |
| Revenue | US$ in thousands | 3,628,400 | 8,100,200 | 4,087,100 | 3,946,000 | 7,841,800 |
| Net profit margin | 2.27% | 0.52% | 1.03% | -0.50% | -0.35% |
May 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $82,300K ÷ $3,628,400K
= 2.27%
The net profit margin of MillerKnoll Inc has shown fluctuations over the past few years, as per the data provided. It was negative at -0.35% as of May 28, 2022, then decreased further to -0.50% by May 31, 2022. However, the company was able to turn this around and achieve a positive net profit margin of 1.03% by May 31, 2023. The margin dipped slightly to 0.52% by June 3, 2023 but experienced a notable increase to 2.27% by May 31, 2024. This indicates that the company has managed to improve its profitability over time, with the most recent figure demonstrating a relatively healthy level of profitability. It is important for MillerKnoll Inc to sustain this positive trend in order to ensure long-term financial health and sustainability.