MillerKnoll Inc (MLKN)
Return on equity (ROE)
| 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 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 173,000 |
| Total stockholders’ equity | US$ in thousands | 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 | 745,200 |
| ROE | 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% | 23.22% |
August 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $71,200K ÷ $1,332,500K
= 5.34%
The return on equity (ROE) of MillerKnoll Inc has shown fluctuations over the past several periods. The ROE was relatively low around the end of 2019 and beginning of 2020, with negative values indicating the company was not generating significant returns relative to its equity during those periods.
However, there was a notable improvement in ROE from mid-2020 to mid-2021, with the ratio increasing steadily, reaching a peak of 25.15% in February 2022. This suggests that during this period, the company was effectively utilizing its equity to generate profits for its shareholders.
Subsequently, there was a decline in ROE in the latter part of 2022 and into 2023, with the ratios hovering around the lower single digits. This may indicate challenges or inefficiencies in the company's operations or financial management during that time.
Overall, the trend in ROE for MillerKnoll Inc has been mixed, with periods of improvement followed by declines. It is important for stakeholders to closely monitor the company's financial performance and assess the factors influencing its ROE to ensure sustainable profitability and value creation.