MillerKnoll (NASDAQ:MLKN) Will Want To Turn Around Its Return Trends [Yahoo! Finance]
MillerKnoll, Inc. (MLKN)
Company Research
Source: Yahoo! Finance
Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. However, after briefly looking over the numbers, we don't think MillerKnoll NASDAQ:MLKN ) has the makings of a multi-bagger going forward, but let's have a look at why that may be. Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on MillerKnoll is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.07 = US$233m ÷ (US$4.0b - US$676m) (Based on the trailing twelve months to August 2024) So, MillerKnoll has an ROCE of 7.0%. In absolute terms, that's a low re
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News
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- MillerKnoll Schedules Second Quarter Fiscal Year 2025 Conference Call and WebcastPR Newswire
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- Herman Miller lowers carbon footprint within the brand's performance seating portfolio through updates to Mirra 2 Chair and Stool [Yahoo! Finance]Yahoo! Finance
MLKN
Earnings
- 9/19/24 - Miss
MLKN
Sec Filings
- 11/15/24 - Form SCHEDULE
- 11/12/24 - Form SC
- 10/31/24 - Form SC
- MLKN's page on the SEC website