MillerKnoll Inc (MLKN)
Return on equity (ROE)
| Jun 3, 2023 | May 28, 2022 | May 29, 2021 | May 30, 2020 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 42,100 | -27,100 | 174,600 | -8,700 | 160,500 |
| Total stockholders’ equity | US$ in thousands | 1,432,600 | 1,427,100 | 860,500 | 652,400 | 719,200 |
| ROE | 2.94% | -1.90% | 20.29% | -1.33% | 22.32% |
June 3, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $42,100K ÷ $1,432,600K
= 2.94%
To analyze MillerKnoll Inc's return on equity (ROE) over the past five years, we observe a fluctuating trend. In June 2023, the ROE stood at 2.94%, an improvement from the negative ROE of -1.90% in May 2022. However, this was significantly lower than the ROE of 20.37% in May 2021 and 22.32% in June 2019. The negative ROE in May 2022 and May 2020 indicates that the company's net income was insufficient to cover its shareholder's equity during those periods. It is important to delve deeper into the company's financial activities and performance to understand the factors driving these fluctuations in ROE.