Millerknoll Stock Return On Asset
| MLKN Stock | USD 25.14 0.12 0.48% |
MillerKnoll fundamentals help investors to digest information that contributes to MillerKnoll's financial success or failures. It also enables traders to predict the movement of MillerKnoll Stock. The fundamental analysis module provides a way to measure MillerKnoll's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to MillerKnoll stock.
As of the 1st of December 2024, Return On Assets is likely to drop to -0.02. MillerKnoll | Return On Asset |
MillerKnoll Company Return On Asset Analysis
MillerKnoll's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current MillerKnoll Return On Asset | 0.0355 |
Most of MillerKnoll's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, MillerKnoll is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
MillerKnoll Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for MillerKnoll is extremely important. It helps to project a fair market value of MillerKnoll Stock properly, considering its historical fundamentals such as Return On Asset. Since MillerKnoll's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of MillerKnoll's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of MillerKnoll's interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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MillerKnoll Total Assets
Total Assets |
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Based on the latest financial disclosure, MillerKnoll has a Return On Asset of 0.0355. This is 96.74% lower than that of the Commercial Services & Supplies sector and significantly higher than that of the Industrials industry. The return on asset for all United States stocks is 125.36% lower than that of the firm.
MillerKnoll Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses MillerKnoll's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of MillerKnoll could also be used in its relative valuation, which is a method of valuing MillerKnoll by comparing valuation metrics of similar companies.MillerKnoll is currently under evaluation in return on asset category among its peers.
MillerKnoll ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, MillerKnoll's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to MillerKnoll's managers, analysts, and investors.Environmental | Governance | Social |
MillerKnoll Fundamentals
| Return On Equity | 0.0463 | ||||
| Return On Asset | 0.0355 | ||||
| Profit Margin | 0.02 % | ||||
| Operating Margin | 0.05 % | ||||
| Current Valuation | 3.35 B | ||||
| Shares Outstanding | 69.17 M | ||||
| Shares Owned By Insiders | 1.07 % | ||||
| Shares Owned By Institutions | 98.64 % | ||||
| Number Of Shares Shorted | 2.37 M | ||||
| Price To Earning | 19.32 X | ||||
| Price To Book | 1.30 X | ||||
| Price To Sales | 0.49 X | ||||
| Revenue | 3.63 B | ||||
| Gross Profit | 1.35 B | ||||
| EBITDA | 331 M | ||||
| Net Income | 82.3 M | ||||
| Cash And Equivalents | 215.8 M | ||||
| Cash Per Share | 2.86 X | ||||
| Total Debt | 1.76 B | ||||
| Debt To Equity | 1.34 % | ||||
| Current Ratio | 1.72 X | ||||
| Book Value Per Share | 19.22 X | ||||
| Cash Flow From Operations | 352.3 M | ||||
| Short Ratio | 4.62 X | ||||
| Earnings Per Share | 0.87 X | ||||
| Price To Earnings To Growth | 0.97 X | ||||
| Target Price | 33.0 | ||||
| Number Of Employees | 10.2 K | ||||
| Beta | 1.18 | ||||
| Market Capitalization | 1.76 B | ||||
| Total Asset | 4.04 B | ||||
| Retained Earnings | 738.4 M | ||||
| Working Capital | 371.9 M | ||||
| Annual Yield | 0.03 % | ||||
| Five Year Return | 2.13 % | ||||
| Net Asset | 4.04 B | ||||
| Last Dividend Paid | 0.75 |
About MillerKnoll Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze MillerKnoll's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of MillerKnoll using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of MillerKnoll based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with MillerKnoll
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MillerKnoll position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MillerKnoll will appreciate offsetting losses from the drop in the long position's value.Moving against MillerKnoll Stock
| 0.7 | NL | NL Industries | PairCorr |
| 0.7 | WLDN | Willdan Group | PairCorr |
| 0.53 | ESGL | ESGL Holdings Limited | PairCorr |
| 0.37 | VSEC | VSE Corporation | PairCorr |
| 0.35 | BV | BrightView Holdings | PairCorr |
The ability to find closely correlated positions to MillerKnoll could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MillerKnoll when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MillerKnoll - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MillerKnoll to buy it.
The correlation of MillerKnoll is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MillerKnoll moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MillerKnoll moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for MillerKnoll can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out MillerKnoll Piotroski F Score and MillerKnoll Altman Z Score analysis. To learn how to invest in MillerKnoll Stock, please use our How to Invest in MillerKnoll guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Is Commercial Services & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MillerKnoll. If investors know MillerKnoll will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MillerKnoll listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 55.604 | Dividend Share 0.75 | Earnings Share 0.87 | Revenue Per Share 49.606 | Quarterly Revenue Growth (0.06) |
The market value of MillerKnoll is measured differently than its book value, which is the value of MillerKnoll that is recorded on the company's balance sheet. Investors also form their own opinion of MillerKnoll's value that differs from its market value or its book value, called intrinsic value, which is MillerKnoll's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MillerKnoll's market value can be influenced by many factors that don't directly affect MillerKnoll's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MillerKnoll's value and its price as these two are different measures arrived at by different means. Investors typically determine if MillerKnoll is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MillerKnoll's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.