MillerKnoll Inc (MLKN)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 4,043,600 | 4,274,800 | 4,274,800 | 4,509,200 | 4,514,000 |
| Operating ROA | 4.13% | 2.86% | 2.86% | 4.42% | 0.88% |
May 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $167,200K ÷ $4,043,600K
= 4.13%
MillerKnoll Inc's operating return on assets (operating ROA) has shown fluctuations over the period provided. On May 28, 2022, the operating ROA was at 0.88%, indicating a relatively low return generated from its operational assets. However, there was a significant increase by May 31, 2022, reaching 4.42%, reflecting a substantial improvement in the company's ability to generate earnings from its assets.
Subsequently, the operating ROA on May 31, 2023, and June 3, 2023, remained stable at 2.86%, suggesting a consistent performance in utilizing assets to generate operational profits. The most recent data point on May 31, 2024, shows a further increase to 4.13%, indicating continued growth in the company's operating efficiency and profitability.
Overall, the trend in MillerKnoll Inc's operating ROA demonstrates both fluctuations and overall improvement, showcasing the company's ability to effectively utilize its assets to generate operating income over the analyzed period.