MillerKnoll Inc (MLKN)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 88,600 | 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 |
| 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 |
| Net profit margin | 2.45% | 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% |
November 30, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $88,600K ÷ $3,615,500K
= 2.45%
Net profit margin is a key profitability ratio that measures the percentage of a company's revenue that translates into net income after all expenses have been deducted. Looking at the historical data provided for MillerKnoll Inc, we can see a fluctuating trend in the net profit margin over the past few years.
The net profit margin for the company has been volatile, ranging from negative percentages to single-digit positive percentages. In the most recent period ending on November 30, 2024, the net profit margin was 2.45%, showing an improvement compared to the previous periods. However, it is important to note that the net profit margin has been relatively low in several periods, dipping below 1% and even turning negative in some instances.
This fluctuation in the net profit margin could be indicative of various factors affecting the company's profitability, such as changes in revenue, operating expenses, cost of goods sold, or non-operating expenses. It is essential for the management of MillerKnoll Inc to closely monitor and manage these factors to improve and sustain profitability in the long term.
In conclusion, while the recent uptick in the net profit margin is a positive sign for MillerKnoll Inc, the company should focus on implementing strategies to enhance profitability and ensure consistency in generating positive net income relative to its revenue.