MillerKnoll Inc (MLKN)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 180,900 | 158,700 | 155,100 | 133,500 | 111,800 | 122,300 | 167,700 | 175,700 | 143,200 | 39,800 | -6,200 | 19,700 | 84,500 | 232,500 | 10,600 | 5,900 | -2,700 | -38,000 | 229,500 | 226,900 |
| 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 |
| Operating profit margin | 5.00% | 4.48% | 2.01% | 1.71% | 1.41% | 1.51% | 4.02% | 4.15% | 3.41% | 1.02% | -0.18% | 0.66% | 3.25% | 9.47% | 0.46% | 0.25% | -0.11% | -1.53% | 8.59% | 8.63% |
November 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $180,900K ÷ $3,615,500K
= 5.00%
The operating profit margin of MillerKnoll Inc has shown some fluctuations over the past few years. In the most recent period ending November 30, 2024, the operating profit margin was at 5.00%, indicating that the company generated 5.00 cents of operating profit for every dollar of sales revenue. This represents an improvement compared to the previous quarter where the operating profit margin stood at 4.48% on August 31, 2024.
Looking further back, we can observe a significant increase in the operating profit margin in the quarter ending May 29, 2021, where it reached 9.47%. This was a notable performance for the company, highlighting its ability to efficiently manage operating expenses relative to its revenue during that period.
However, there have been periods of lower operating profit margins such as in the quarter ending February 26, 2022, where the margin was at -0.18%, indicating that the company experienced an operating loss during that period.
Overall, the trend in the operating profit margin for MillerKnoll Inc has shown variability over the analyzed periods, with some quarters demonstrating strong profitability while others facing challenges in maintaining positive operating margins. It is important for the company to focus on improving operational efficiency and cost management to sustain profitability and enhance long-term financial performance.