MillerKnoll Inc (MLKN)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -36,900 | 30,100 | 65,000 | 53,100 | 87,800 | 111,400 | 105,900 | 100,400 | 66,800 | 34,400 | 18,100 | 2,500 | 18,600 | 33,500 | 58,900 | 83,600 | 89,100 | 94,600 | 81,400 | 70,000 |
| 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 |
| ROA | -0.93% | 0.77% | 1.61% | 1.32% | 2.17% | 2.72% | 2.59% | 2.42% | 1.61% | 0.82% | 0.43% | 0.06% | 0.44% | 0.76% | 1.34% | 1.88% | 2.00% | 2.13% | 1.83% | 1.55% |
May 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $-36,900K ÷ $3,950,200K
= -0.93%
The analysis of MillerKnoll Inc.'s return on assets (ROA) over the specified period reveals notable fluctuations and trends. Initially, ROA experienced a steady increase from approximately 1.55% as of May 31, 2022, reaching a peak of around 2.13% by September 3, 2022. This upward trajectory suggests improved profitability relative to total assets during that interval. Subsequently, ROA exhibited some variability, fluctuating between approximately 2.00% and 1.34% through late 2022 and early 2023, indicating periods of consolidation and minor declines in profitability.
From March 2023 onward, a pronounced downward trend is observed. ROA decreased significantly, reaching as low as approximately 0.06% by June 3, 2023, and maintaining relatively low levels through August 2023. These declines could signify challenges in generating profit from assets or increased asset base without proportional earnings. Notably, starting from late 2023 and into early 2024, there was a recovery phase, with ROA rising to approximately 2.72% by March 2, 2024, indicating a resurgence in asset efficiency or profitability. However, subsequent measurements reflect a decline to around 1.32% in August 2024 before experiencing a moderate rebound to approximately 1.61% by November 30, 2024.
The data culminates with a dip into negative territory, recording a ROA of approximately -0.93% as of May 31, 2025, which suggests a period of asset-related losses or deteriorated profitability metrics. Overall, the ROA trajectory indicates periods of growth intertwined with significant declines, reflecting variability in operational performance and possible external or internal factors affecting asset efficiency over time.