MillerKnoll Inc (MLKN)
Return on equity (ROE)
| May 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -36,900 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,335,100 | 1,254,100 | 1,310,800 | 1,332,500 | 1,385,100 | 1,390,900 | 1,390,900 | 1,420,600 | 1,420,600 | 1,422,300 | 1,422,300 | 1,432,600 | 1,432,600 | 1,433,900 | 1,433,900 | 1,434,300 | 1,434,300 | 1,374,800 | 1,374,800 | 1,427,100 |
| ROE | -2.76% | 2.40% | 4.96% | 3.98% | 6.34% | 8.01% | 7.61% | 7.07% | 4.70% | 2.42% | 1.27% | 0.17% | 1.30% | 2.34% | 4.11% | 5.83% | 6.21% | 6.88% | 5.92% | 4.91% |
May 31, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-36,900K ÷ $1,335,100K
= -2.76%
The provided data indicates that MillerKnoll Inc’s return on equity (ROE) has experienced notable fluctuations over the observed period. Initially, in May 2022, the ROE was approximately 4.91%, reflecting a modest level of profitability relative to shareholder equity. Over the subsequent months, the ROE demonstrated a gradual upward trend, reaching a peak of approximately 6.88% by early September 2022, suggesting improved profitability and efficiency in generating returns on shareholders’ equity during this period.
Following this peak, there was a slight decline, with ROE decreasing to around 6.21% in late November 2022 and further to approximately 5.83% by December 2022. This downward trend continued into early 2023, with ROE falling to approximately 4.11% by February 2023 and subsequently dropping sharply to 2.34% in March 2023. The decline indicates a reduction in the company's ability to generate profit from shareholders’ equity during this timeframe.
By May 2023, ROE had diminished further to roughly 1.30%, nearing near-zero levels, and in June 2023, it approached zero at approximately 0.17%. During this period, the company experienced very low or negligible profitability relative to equity. A slight recovery is observed in late 2023, with ROE rising to about 4.70% by November and increasing further to 7.07% in December. The positive trend persisted into early 2024, with ROE reaching approximately 7.61% in February and 8.01% in March, reflecting an improved capacity to generate profits on shareholders’ investment.
Subsequently, there was a decline to around 6.34% in May 2024, followed by a further decrease to 3.98% in August 2024 and a moderate recovery to 4.96% in November 2024. The trend toward lower ROE continued into early 2025, with the figure dropping below zero to -2.76% by May 2025, indicating a period of negative earnings relative to equity and thus potential profitability challenges or losses.
Overall, the ROE trend displays significant volatility, characterized by periods of modest profitability interspersed with sharp declines and subsequent partial recoveries. The movement suggests underlying fluctuations in the company’s profitability, efficiency, or possibly changes in financial structure, market conditions, or strategic priorities over the observed timeframe.