MillerKnoll Inc (MLKN)
Return on equity (ROE)
| Nov 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 88,600 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,310,800 | 1,332,500 | 1,390,900 | 1,420,600 | 1,422,300 | 1,432,600 | 1,433,900 | 1,434,300 | 1,374,800 | 1,427,100 | 1,470,500 | 1,449,200 | 1,486,700 | 860,500 | 909,200 | 854,800 | 803,600 | 652,400 | 908,500 | 844,600 |
| ROE | 6.76% | 5.34% | 5.20% | 3.55% | 2.32% | 2.94% | 4.44% | 5.42% | 4.36% | -1.91% | -2.71% | -0.88% | 2.72% | 20.29% | -0.87% | -1.35% | 1.97% | -1.33% | 23.24% | 25.15% |
November 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $88,600K ÷ $1,310,800K
= 6.76%
Over the past five years, MillerKnoll Inc's return on equity (ROE) has fluctuated significantly, ranging from a low of -2.71% on Feb 26, 2022, to a high of 25.15% on Nov 30, 2019. The ROE for the most recent period, ending Nov 30, 2024, is 6.76%, showing a slight improvement compared to the previous periods.
The ROE is a key financial ratio that measures a company's profitability by evaluating how effectively it is utilizing its shareholders' equity to generate profit. A higher ROE indicates that a company is efficient in generating profit from its equity.
The fluctuation in MillerKnoll Inc's ROE over the years could be influenced by various factors such as changes in revenue, expenses, profit margins, financial leverage, and efficiency of operations. The negative ROE figures in some periods suggest that the company may have struggled to generate profit relative to its shareholders' equity during those times.
Overall, a consistent focus on improving profitability and operational efficiency could help MillerKnoll Inc enhance its ROE and create more value for its shareholders in the long term.