MillerKnoll Inc (MLKN)
Return on assets (ROA)
| 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 | May 28, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 45,100 |
| Total assets | US$ in thousands | 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 | 4,514,000 |
| ROA | 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% | 1.00% |
February 28, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $30,100K ÷ $3,895,400K
= 0.77%
The return on assets (ROA) of MillerKnoll Inc has shown a fluctuating trend over the past few years. From May 28, 2022, to February 28, 2025, the ROA has ranged from a low of 0.06% in June 3, 2023, to a high of 2.72% in March 2, 2024.
Initially, the ROA increased gradually from 1.00% in May 28, 2022, to 2.13% in September 3, 2022. Subsequently, there was a slight decline in ROA, reaching 0.44% by May 31, 2023. However, there was a rebound in performance with the ROA rising to 2.42% by December 2, 2023.
The ROA continued to demonstrate variability over the following years, with both increases and decreases in the metric. The most recent data as of February 28, 2025, reflects an ROA of 0.77%.
Overall, the ROA of MillerKnoll Inc has displayed fluctuations and variations in performance, indicating changing levels of profitability relative to the company's total assets. Multiple factors such as financial management, asset utilization, and economic conditions may have contributed to these fluctuations.