MillerKnoll Inc (MLKN)
Return on total capital
| May 31, 2025 | May 31, 2024 | Jun 3, 2023 | May 31, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | — | 175,900 | 120,600 | 122,300 | 29,200 |
| Long-term debt | US$ in thousands | — | — | 1,365,100 | — | — |
| Total stockholders’ equity | US$ in thousands | — | 1,385,100 | 1,432,600 | 1,432,600 | 1,427,100 |
| Return on total capital | — | 12.70% | 4.31% | 8.54% | 2.05% |
May 31, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $—K)
= —
The provided data indicates that MillerKnoll Inc's return on total capital (ROTC) has experienced notable fluctuations over the specified periods. As of May 31, 2022, the ROTC was recorded at 2.05%, reflecting a relatively modest return on the company's total capital base at that time. By May 31, 2023, this figure increased substantially to 8.54%, suggesting improved efficiency in generating profits from its invested capital during that period. The data shows a decline to 4.31% by June 3, 2023, which may indicate short-term challenges or adjustments following the earlier increase. Subsequently, the ROTC demonstrates a significant upward trend, rising to 12.70% as of May 31, 2024. This increase signals a robust improvement in MillerKnoll Inc's capability to generate returns from its total capital investment, possibly due to enhanced operational performance, cost efficiencies, or strategic initiatives. The projected or latest data point for May 31, 2025, is not available, denoted by a dash, indicating that current or forecasted data has not been provided or finalized. Overall, the trend suggests a trajectory of increasing profitability relative to total capital, particularly in the recent fiscal year, underscoring a period of improved financial performance and potentially stronger operational efficiencies.