MillerKnoll Inc (MLKN)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 88,600 | 71,200 | 72,300 | 50,500 | 33,000 | 42,100 | 63,700 | 77,700 | 60,000 | -27,200 | -39,800 | -12,700 | 40,400 | 174,600 | -7,900 | -11,500 | 15,800 | -8,700 | 211,100 | 212,400 |
| 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 |
| ROA | 2.20% | 1.77% | 1.77% | 1.22% | 0.79% | 0.98% | 1.45% | 1.75% | 1.35% | -0.60% | -0.88% | -0.28% | 0.91% | 8.41% | -0.38% | -0.57% | 0.82% | -0.42% | 10.63% | 11.31% |
November 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $88,600K ÷ $4,036,200K
= 2.20%
The return on assets (ROA) of MillerKnoll Inc has fluctuated over the past few years based on the provided data.
The ROA for the most recent period ending November 30, 2024, was 2.20%, showing an improvement compared to the previous quarter. This indicates that the company generated 2.20 cents of profit for every dollar of assets it possesses.
Looking back over the past year, the ROA was relatively stable around the 1-2% range, with a slight increase observed in the last two quarters. However, it is important to note that there were periods of negative ROA, notably in May 28, 2022, and February 26, 2022, indicating that the company experienced difficulties in generating profits relative to its asset base during those times.
Overall, the ROA trend of MillerKnoll Inc suggests that the company's management of its assets to generate profits has been somewhat inconsistent, with periods of both positive and negative returns. Further analysis of the company's operations and financial performance may be necessary to understand the factors contributing to these fluctuations in ROA.