MillerKnoll Inc (MLKN)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 4,019,100 | 4,095,100 | 4,155,500 | 4,183,200 | 4,274,800 | 4,382,800 | 4,448,100 | 4,447,400 | 4,514,000 | 4,517,700 | 4,465,900 | 4,460,500 | 2,076,800 | 2,054,900 | 2,028,500 | 1,917,100 | 2,053,900 | 1,985,800 | 1,878,000 | 1,784,800 |
| Operating ROA | 3.95% | 3.79% | 3.21% | 2.67% | 2.86% | 3.83% | 3.95% | 3.22% | 0.88% | -0.14% | 0.44% | 1.89% | 11.20% | 0.52% | 0.29% | -0.14% | -1.85% | 11.56% | 12.08% | 12.19% |
August 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $158,700K ÷ $4,019,100K
= 3.95%
Operating return on assets (operating ROA) reflects MillerKnoll Inc's efficiency in generating profits from its assets used in operations. Analyzing the trend of operating ROA over the specified periods, we observe fluctuations. The operating ROA ranged from -1.85% to 12.19% over the past 21 periods.
The operating ROA was positive in most periods, indicating the company was able to generate profits from its operational assets. The ratio peaked at 12.19% on Feb 29, 2020, and was also relatively high at 11.56% on Aug 31, 2019. These high values suggest efficient utilization of assets to generate earnings.
However, there were periods of decline in operating ROA, with the lowest point being -1.85% on May 30, 2020. Negative values imply that the company's operational assets were not effectively utilized to generate profits during those periods.
Overall, the fluctuating trend of operating ROA indicates variability in the company's operational efficiency and profitability over the analyzed periods. Further analysis of the reasons behind these fluctuations would be beneficial in understanding the company's operational performance and potential areas for improvement.