MillerKnoll Inc (MLKN)

Return on equity (ROE)

May 31, 2024 Jun 3, 2023 May 31, 2023 May 31, 2022 May 28, 2022
Net income US$ in thousands 82,300 42,100 42,100 -19,700 -27,100
Total stockholders’ equity US$ in thousands 1,385,100 1,432,600 1,432,600 1,427,100 1,427,100
ROE 5.94% 2.94% 2.94% -1.38% -1.90%

May 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $82,300K ÷ $1,385,100K
= 5.94%

The return on equity (ROE) of MillerKnoll Inc has shown mixed performance over the past few years. The ROE was negative in May 28, 2022, and May 31, 2022, indicating that the company was not generating sufficient profits relative to shareholders' equity during those periods. However, there was an improvement in ROE in subsequent periods, with ROE increasing to 2.94% in May 31, 2023, and maintaining the same level in June 3, 2023.

The most recent data point, May 31, 2024, shows a notable increase in ROE to 5.94%, suggesting that the company has been more effective in utilizing shareholder equity to generate profits. Overall, the trend indicates that MillerKnoll Inc has made progress in enhancing its profitability relative to shareholders' equity in recent years, with a significant improvement in the most recent period. It would be important to monitor future performance to see if the positive trend in ROE is sustained over time.