MillerKnoll Inc (MLKN)
Net profit margin
| 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 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 71,200 | 72,300 | 50,500 | 33,000 | 42,100 | 63,700 | 77,700 | 60,000 | -27,200 | -39,800 | -12,700 | 40,400 | 174,600 | -7,900 | -11,500 | 15,800 | -8,700 | 211,100 | 212,400 | 173,000 |
| Revenue (ttm) | US$ in thousands | 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 | 2,610,500 |
| Net profit margin | 2.01% | 0.94% | 0.65% | 0.42% | 0.52% | 1.53% | 1.84% | 1.43% | -0.70% | -1.16% | -0.42% | 1.55% | 7.11% | -0.34% | -0.48% | 0.65% | -0.35% | 7.90% | 8.08% | 6.63% |
August 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $71,200K ÷ $3,543,600K
= 2.01%
The net profit margin of MillerKnoll Inc has shown fluctuations over the period under review. The net profit margin is a measure of the company's profitability, indicating how much of each dollar of revenue is translated into profit after all expenses have been deducted.
From November 2019 to August 2020, the net profit margin ranged from 6.63% to 8.08%, suggesting a relatively healthy and consistent profitability during that period.
However, there was a significant decline in profitability with negative net profit margins in May 2020 and August 2020, indicating that the company incurred losses during those periods.
Subsequently, there was a notable improvement in profitability, with positive net profit margins recorded from August 2020 to May 2021. The net profit margin peaked at 7.11% in February 2021.
Following this peak, there was a period of volatility with fluctuating net profit margins, ranging from negative figures to positive figures below 2%.
It is essential for MillerKnoll Inc to closely monitor and manage its expenses and revenues to sustain and improve its profitability over time.