MillerKnoll Inc (MLKN)
Pretax margin
| May 31, 2024 | Jun 3, 2023 | May 31, 2023 | May 31, 2022 | May 28, 2022 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 99,700 | 46,600 | 51,400 | -8,600 | -16,000 |
| Revenue | US$ in thousands | 3,628,400 | 8,100,200 | 4,087,100 | 3,946,000 | 7,841,800 |
| Pretax margin | 2.75% | 0.58% | 1.26% | -0.22% | -0.20% |
May 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $99,700K ÷ $3,628,400K
= 2.75%
The pretax margin of MillerKnoll Inc has shown a fluctuating pattern over the past few years. In May 2022 and May 2023, the company witnessed negative pretax margins of -0.20% and -0.22% respectively, indicating that the company was facing challenges in generating profits before accounting for taxes. However, there was a notable improvement in the pretax margin by May 2024, with a positive margin of 2.75%. This positive trend suggests that the company managed to enhance its operational efficiency and profitability, resulting in better financial performance. Overall, the varying pretax margins reflect the company's ability to effectively manage costs and generate profits over the analyzed period.