MillerKnoll Inc (MLKN)
Operating return on assets (Operating ROA)
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Dec 2, 2023 | Nov 30, 2023 | Sep 2, 2023 | Aug 31, 2023 | Jun 3, 2023 | May 31, 2023 | Mar 4, 2023 | Feb 28, 2023 | Dec 3, 2022 | Nov 30, 2022 | Sep 3, 2022 | Aug 31, 2022 | May 31, 2022 | May 28, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 58,100 | 183,100 | 172,700 | 217,900 | 215,700 | 213,200 | 201,400 | 152,600 | 103,800 | 84,700 | 27,400 | 54,500 | 81,600 | 111,200 | 162,600 | 186,200 | 204,500 | 166,600 | 161,400 | 102,900 |
| Total assets | US$ in thousands | 3,895,400 | 4,036,200 | 4,019,100 | 4,043,600 | 4,095,100 | 4,095,100 | 4,155,500 | 4,155,500 | 4,183,200 | 4,183,200 | 4,274,800 | 4,274,800 | 4,382,800 | 4,382,800 | 4,448,100 | 4,448,100 | 4,447,400 | 4,447,400 | 4,514,000 | 4,514,000 |
| Operating ROA | 1.49% | 4.54% | 4.30% | 5.39% | 5.27% | 5.21% | 4.85% | 3.67% | 2.48% | 2.02% | 0.64% | 1.27% | 1.86% | 2.54% | 3.66% | 4.19% | 4.60% | 3.75% | 3.58% | 2.28% |
February 28, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $58,100K ÷ $3,895,400K
= 1.49%
MillerKnoll Inc's operating return on assets (operating ROA) has shown fluctuations over the reported periods, ranging from a low of 0.64% in June 3, 2023, to a high of 5.39% in May 31, 2024. This ratio measures the company's ability to generate operating income from its total assets.
The trend in operating ROA indicates that while there have been periods of improvement, such as the increase from 3.58% in May 31, 2022, to 5.39% in May 31, 2024, there have also been fluctuations, with a notable decrease in February 28, 2025, to 1.49%. This variability could be attributed to changes in the company's operating efficiency and asset utilization.
Overall, the company's operating ROA performance suggests a mixed picture, with periods of strength and areas that may require attention to enhance operational efficiency and asset productivity. Further analysis incorporating other financial metrics would provide a comprehensive understanding of MillerKnoll Inc's financial health and performance.