MillerKnoll Inc (MLKN)
Return on assets (ROA)
| 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 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 173,000 |
| Total assets | US$ in thousands | 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 | 1,784,800 |
| ROA | 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% | 9.69% |
August 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $71,200K ÷ $4,019,100K
= 1.77%
MillerKnoll Inc's return on assets (ROA) has varied significantly over the past few quarters. The company's ROA ranged from as low as -0.88% to as high as 11.31%, indicating fluctuations in its profitability and asset utilization.
In recent quarters, the ROA has shown a positive trend, with ROA improving from negative figures to positive levels. This could suggest that the company has been more efficient in generating profits from its assets and managing its operating expenses.
The significant increase in ROA to double-digit percentages in some quarters, such as in Aug 2021 and Nov 2019, indicates strong profitability and effective asset management during those periods. However, the negative ROA figures in May 2022 and Feb 2022 suggest that the company faced challenges in generating profits relative to its assets during those periods.
Overall, MillerKnoll Inc's ROA performance has been volatile, reflecting fluctuations in profitability and asset efficiency. Further analysis of the company's financial statements and business operations may provide insights into the factors driving these fluctuations in ROA.