MillerKnoll Inc (MLKN)
Operating return on assets (Operating ROA)
| Nov 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 180,900 | 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 |
| Total assets | US$ in thousands | 4,036,200 | 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 |
| Operating ROA | 4.48% | 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% |
November 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $180,900K ÷ $4,036,200K
= 4.48%
Operating return on assets (Operating ROA) is a key financial ratio that indicates how well a company is generating profit from its assets used in its core operations. For MillerKnoll Inc, the trend of Operating ROA over the past few years has shown fluctuation.
From Nov 30, 2019, to Nov 30, 2024, the Operating ROA ranged from 12.08% to 4.48%. It demonstrates that the company's ability to generate profit from its operational assets has varied over time. The highest Operating ROA of 12.08% was observed on Nov 30, 2019, indicating efficient asset utilization to generate profit.
There was a significant drop in the Operating ROA in the subsequent periods, reaching as low as -1.85% on May 30, 2020. This negative figure suggests that the company was not effectively using its operational assets to generate profit during that period.
Overall, the trend in Operating ROA for MillerKnoll Inc showcases fluctuations, indicating the need for the company to focus on optimizing asset utilization to improve profitability. Furthermore, monitoring this ratio over time can help assess the company's operational efficiency and financial performance.