MillerKnoll Inc (MLKN)
Return on equity (ROE)
| May 31, 2025 | May 31, 2024 | Jun 3, 2023 | May 31, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -36,900 | 82,300 | 42,100 | 42,100 | -19,700 |
| Total stockholders’ equity | US$ in thousands | — | 1,385,100 | 1,432,600 | 1,432,600 | 1,427,100 |
| ROE | — | 5.94% | 2.94% | 2.94% | -1.38% |
May 31, 2025 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-36,900K ÷ $—K
= —
The analysis of MillerKnoll Inc.'s return on equity (ROE) over the specified periods reveals notable fluctuations and a general upward trend. As of May 31, 2022, the company's ROE was negative at -1.38%, indicating that the firm was not generating sufficient profit relative to shareholders’ equity, possibly due to net losses or significant equity reductions during that period.
By May 31, 2023, the ROE improved to 2.94%, reflecting a positive shift in profitability and suggesting an enhancement in the company's efficiency in generating earnings from shareholders' investments. This improvement was sustained through June 3, 2023, with the ROE remaining at 2.94%, indicating stability in the company's return performance in the immediate aftermath of the fiscal year-end.
Looking ahead to May 31, 2024, the ROE further increased to 5.94%, nearly doubling the prior year's figure. This significant rise signifies a substantial improvement in net income relative to shareholders' equity, possibly driven by higher profitability, better operational efficiency, or recapitalization efforts.
Data beyond May 31, 2024, is unavailable as of May 31, 2025. Therefore, it remains unclear whether this positive trend will continue, stabilize, or reverse. Nonetheless, the observed trends highlight a recovery from negative returns in 2022 to increasingly positive and stronger ROE levels in subsequent years, indicating improving profitability and potentially healthier financial leverage utilization.