MillerKnoll Inc (MLKN)
Pretax margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 111,200 | 89,100 | 84,700 | 59,000 | 36,300 | 46,600 | 95,700 | 112,800 | 88,100 | -16,100 | -51,200 | -14,700 | 57,300 | 222,800 | 12,200 | 6,200 | 30,200 | -2,700 | 259,100 | 257,100 |
| Revenue (ttm) | US$ in thousands | 3,615,500 | 3,543,600 | 7,706,000 | 7,817,700 | 7,936,600 | 8,100,200 | 4,176,800 | 4,230,500 | 4,199,000 | 3,907,600 | 3,428,600 | 2,996,200 | 2,601,900 | 2,454,300 | 2,308,500 | 2,384,400 | 2,432,800 | 2,477,600 | 2,672,900 | 2,629,100 |
| Pretax margin | 3.08% | 2.51% | 1.10% | 0.75% | 0.46% | 0.58% | 2.29% | 2.67% | 2.10% | -0.41% | -1.49% | -0.49% | 2.20% | 9.08% | 0.53% | 0.26% | 1.24% | -0.11% | 9.69% | 9.78% |
November 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $111,200K ÷ $3,615,500K
= 3.08%
MillerKnoll Inc's pretax margin has shown fluctuations over the past few years. The pretax margin measures the profitability of the company before accounting for taxes. Looking at the data provided, we observe that the pretax margin was at 3.08% as of Nov 30, 2024, which indicates that for every dollar of sales, the company generated a profit of 3.08 cents before tax expenses.
The trend in the pretax margin for MillerKnoll Inc shows variability, with some periods reflecting positive margins and others reflecting negative margins. For instance, on May 29, 2021, the pretax margin was high at 9.08%, suggesting a strong profitability during that period. On the other hand, there were instances of negative pretax margins, such as on May 28, 2022, where the margin was -0.41%, indicating a loss before tax.
Overall, the pretax margin trend for MillerKnoll Inc shows a mix of positive and negative margins, signifying fluctuations in profitability before tax expenses. It is important for the company's management to monitor and analyze these margins closely to understand the factors affecting profitability and to make informed decisions to improve financial performance.