MillerKnoll Inc (MLKN)
Operating profit margin
| May 31, 2024 | Jun 3, 2023 | May 31, 2023 | May 31, 2022 | May 28, 2022 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 167,200 | 122,300 | 122,300 | 199,400 | 39,800 |
| Revenue | US$ in thousands | 3,628,400 | 8,100,200 | 4,087,100 | 3,946,000 | 7,841,800 |
| Operating profit margin | 4.61% | 1.51% | 2.99% | 5.05% | 0.51% |
May 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $167,200K ÷ $3,628,400K
= 4.61%
The operating profit margin for MillerKnoll Inc has shown fluctuations over the past few years. Starting at 0.51% on May 28, 2022, it increased significantly to 5.05% by May 31, 2022. However, the margin decreased to 2.99% by May 31, 2023, and further dropped to 1.51% by June 3, 2023. The latest data point on May 31, 2024, shows an improvement with an operating profit margin of 4.61%. These fluctuations indicate some volatility in the company's ability to generate profits from its core business operations. It would be essential for management to closely monitor and address the factors influencing these fluctuations to ensure sustainable and consistent profitability in the future.