MillerKnoll Inc (MLKN)
Return on assets (ROA)
| May 31, 2025 | May 31, 2024 | Jun 3, 2023 | May 31, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -36,900 | 82,300 | 42,100 | 42,100 | -19,700 |
| Total assets | US$ in thousands | — | 4,043,600 | 4,274,800 | 4,274,800 | 4,509,200 |
| ROA | — | 2.04% | 0.98% | 0.98% | -0.44% |
May 31, 2025 calculation
ROA = Net income ÷ Total assets
= $-36,900K ÷ $—K
= —
The analysis of MillerKnoll Inc.'s return on assets (ROA) over the specified period indicates a notable improvement in the company's profitability relative to its total assets. As of May 31, 2022, the ROA was recorded at approximately -0.44%, reflecting a period of inefficiency or losses relative to asset deployment. By May 31, 2023, the ROA had shifted into positive territory, reaching approximately 0.98%, signifying a turnaround in asset utilization efficiency and profitability. This positive trend persisted through June 3, 2023, with the ROA maintained at 0.98%, suggesting stability in the company's ability to generate earnings from its assets in the short term. Progressing further, by May 31, 2024, the ROA had more than doubled to 2.04%, signaling a marked enhancement in profit generation efficiency and indicating improved operational performance or strategic enhancements in asset management. Data for May 31, 2025, is not available, and thus, an assessment of the company's performance beyond 2024 cannot be provided at this time. Overall, the trend demonstrates a significant recovery and growth in MillerKnoll Inc.'s ability to utilize its assets to generate profits, transitioning from a negative ROA to a positive and increasing figure over the two-year span.