MillerKnoll Inc (MLKN)
Operating profit margin
| Jun 3, 2023 | May 28, 2022 | May 29, 2021 | May 30, 2020 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 122,300 | 39,800 | 232,500 | -37,900 | 203,500 |
| Revenue | US$ in thousands | 8,100,200 | 7,841,800 | 4,916,300 | 4,960,700 | 5,122,300 |
| Operating profit margin | 1.51% | 0.51% | 4.73% | -0.76% | 3.97% |
June 3, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $122,300K ÷ $8,100,200K
= 1.51%
MillerKnoll Inc's operating profit margin has fluctuated over the past five years. In the most recent period, ending June 3, 2023, the operating profit margin stood at 4.84%, representing a significant improvement from the previous year's 1.01%. However, it is noteworthy that this figure is lower than the 9.46% and 7.78% reported in 2021 and 2020, respectively. Furthermore, the 2023 operating profit margin is also below the 8.32% recorded in 2019. This trend indicates a degree of inconsistency in the company's ability to generate profit from its core operations. It would be important for stakeholders to further investigate the underlying factors contributing to these fluctuations to assess the company's operational efficiency and profitability.