MillerKnoll Inc (MLKN)
Return on total capital
| 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 | May 28, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 69,700 | 196,400 | 183,200 | 227,800 | 229,000 | 225,000 | 213,200 | 163,600 | 145,100 | 124,100 | 135,100 | 160,500 | 167,400 | 196,200 | 200,800 | 238,000 | 235,800 | 223,300 | 195,600 | 166,200 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 1,365,100 | — | 1,415,100 | — | 1,434,800 | — | 1,484,400 | — | — | 1,379,200 |
| Total stockholders’ equity | US$ in thousands | 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 | 1,427,100 |
| Return on total capital | 5.56% | 14.98% | 13.75% | 16.45% | 16.46% | 16.18% | 15.01% | 11.52% | 10.20% | 8.73% | 4.83% | 11.20% | 5.88% | 13.68% | 7.00% | 16.59% | 8.25% | 16.24% | 13.71% | 5.92% |
February 28, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $69,700K ÷ ($—K + $1,254,100K)
= 5.56%
The return on total capital for MillerKnoll Inc has shown some fluctuation over the reported periods. Starting at 5.92% on May 28, 2022, the ratio increased to 16.24% by August 31, 2022, indicating a significant improvement in the company's ability to generate returns from its total capital. However, the ratio dipped to 4.83% on June 3, 2023, before gradually climbing back up to 16.46% by March 2, 2024.
Overall, the company's return on total capital has displayed variability, with some periods showing strong performance and others experiencing a decrease in returns. It is essential for MillerKnoll Inc to consistently monitor and assess its capital allocation and operational efficiency to sustain and enhance its return on total capital over time.