MillerKnoll Inc (MLKN)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 217,600 |
| 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 |
| Operating profit margin | 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% | 8.34% |
August 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $158,700K ÷ $3,543,600K
= 4.48%
The operating profit margin of MillerKnoll Inc has been varying over the last few quarters. From Nov 2021 to May 2022, the company experienced a decreasing trend in operating profit margin, reaching a low point of -0.18% in February 2022. However, the company managed to improve its operating profit margin significantly in the subsequent quarters, with Aug 2022 and Nov 2022 showing positive trends. In May 2023, the operating profit margin dropped to 1.51%, but recovered to 4.02% in August 2023, signifying a strong performance.
The latest available data for Aug 2024 indicates an operating profit margin of 4.48%, showcasing a healthy profit margin for the company. Overall, the analysis demonstrates fluctuations in the operating profit margin of MillerKnoll Inc, but reveals a recent positive trend in profitability, which is important for assessing the company's financial health and performance. Further monitoring and analysis would be necessary to understand the long-term sustainability of this profitability trend.