MillerKnoll Inc (MLKN)
Operating return on assets (Operating ROA)
| May 31, 2025 | May 31, 2024 | Jun 3, 2023 | May 31, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 50,500 | 167,200 | 122,300 | 122,300 | 199,400 |
| Total assets | US$ in thousands | — | 4,043,600 | 4,274,800 | 4,274,800 | 4,509,200 |
| Operating ROA | — | 4.13% | 2.86% | 2.86% | 4.42% |
May 31, 2025 calculation
Operating ROA = Operating income ÷ Total assets
= $50,500K ÷ $—K
= —
The operating return on assets (ROA) for MillerKnoll Inc. demonstrates notable fluctuations over the observed periods. As of May 31, 2022, the company's operating ROA stood at 4.42%, indicating a moderate efficiency in generating operating income relative to its assets. This figure declined significantly by May 31, 2023, reaching 2.86%, suggesting a diminishment in operational efficiency or increased asset utilization challenges during that period. The consistency of the operating ROA is maintained through June 3, 2023, at the same 2.86%, reflecting stability in the short term following the decline. Subsequently, the figure exhibits an improvement by May 31, 2024, climbing to 4.13%, which signifies a recovery or enhancement in operational performance compared to the previous year. Data for the fiscal year ending May 31, 2025, is unavailable, precluding further assessment for that period at this time. Overall, the trend indicates periods of decline and subsequent recovery, emphasizing the importance of ongoing operational efficiency improvements for maintaining competitive asset utilization.