MillerKnoll Inc (MLKN)
Operating return on assets (Operating ROA)
| May 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 50,500 | 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 |
| Total assets | US$ in thousands | 3,950,200 | 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 |
| Operating ROA | 1.28% | 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% |
May 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $50,500K ÷ $3,950,200K
= 1.28%
The operating return on assets (ROA) for MillerKnoll Inc. exhibits notable fluctuations over the analyzed period, reflecting shifts in operating efficiency and asset utilization. Starting from a modest 3.58% on May 31, 2022, the metric experienced a gradual increase, reaching a peak of 4.85% by December 2, 2023. This upward trend suggests periods of improved operating performance relative to the company's assets, potentially driven by enhanced profitability or more effective asset management.
Following this peak, the operating ROA continued to rise modestly, reaching 5.27% on March 2, 2024, and then attaining its highest recorded point of 5.39% on May 31, 2024. Such increases may indicate successful operational initiatives, cost control measures, or favorable market conditions during this timeframe.
However, subsequent data reveal a decline thereafter, with the figure decreasing to 4.30% by August 31, 2024, and further down to 1.49% by February 28, 2025. The sharp downward movement near the end of the period could be associated with operational challenges, asset impairments, or shifts in revenue generation efficiency. Although the operating ROA shows some recovery to 1.28% by May 31, 2025, the overall trend indicates periods of both upward momentum and decline, emphasizing the dynamic nature of MillerKnoll's operational performance relative to its assets.
This analysis underscores the importance of monitoring such fluctuations for insights into operational health, efficiency, and strategic effectiveness over time.