MillerKnoll (FRA:MHR) Asset Turnover: 0.25 (As of May. 2026)


FRA:MHR MillerKnoll Inc FRA:MHR
65 GF Score
Price €17.70
GF Value €19.57
Valuation Modestly Undervalued
! 5 Warning Signs
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What is MillerKnoll Asset Turnover?

MillerKnoll FRA:MHR +2.91% 65 Asset Turnover is 0.25 as of May. 2026. GuruFocus rates FRA:MHR with a GF Score™ of 65/100 and a GF Value™ of €19.57 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. MillerKnoll's Revenue for the three months ended in May. 2026 was €860 Mil. MillerKnoll's Total Assets for the quarter that ended in May. 2026 was €3,383 Mil. Therefore, MillerKnoll's Asset Turnover for the quarter that ended in May. 2026 was 0.25.

Asset Turnover is linked to ROE % through Du Pont Formula. MillerKnoll's annualized ROE % for the quarter that ended in May. 2026 was 7.09%. It is also linked to ROA % through Du Pont Formula. MillerKnoll's annualized ROA % for the quarter that ended in May. 2026 was 2.39%.


MillerKnoll  (FRA:MHR) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

MillerKnoll's annulized ROE % for the quarter that ended in May. 2026 is

ROE %**(Q: May. 2026 )
=Net Income/Total Stockholders Equity
=80.808/1139.2065
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(80.808 / 3438.38)*(3438.38 / 3383.313)*(3383.313/ 1139.2065)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.35 %*1.0163*2.9699
=ROA %*Equity Multiplier
=2.39 %*2.9699
=7.09 %

Note: The Net Income data used here is four times the quarterly (May. 2026) net income data. The Revenue data used here is four times the quarterly (May. 2026) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

MillerKnoll's annulized ROA % for the quarter that ended in May. 2026 is

ROA %(Q: May. 2026 )
=Net Income/Total Assets
=80.808/3383.313
=(Net Income / Revenue)*(Revenue / Total Assets)
=(80.808 / 3438.38)*(3438.38 / 3383.313)
=Net Margin %*Asset Turnover
=2.35 %*1.0163
=2.39 %

Note: The Net Income data used here is four times the quarterly (May. 2026) net income data. The Revenue data used here is four times the quarterly (May. 2026) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


MillerKnoll Asset Turnover Related Terms


MillerKnoll Asset Turnover Historical Data

* Premium members only.

The historical data trend for MillerKnoll's Asset Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MillerKnoll Asset Turnover Chart

MillerKnoll Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.25 0.92 0.88 0.90 0.95

MillerKnoll Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.24 0.24 0.24 0.23 0.25

FRA:MHR vs MBC, LEG, LZB: Asset Turnover Comparison

For the Furnishings, Fixtures & Appliances subindustry, MillerKnoll's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MillerKnoll Asset Turnover vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, MillerKnoll's Asset Turnover distribution charts can be found below:

* The bar in red indicates where MillerKnoll's Asset Turnover falls into.


FRA:MHR
65GF Score
MillerKnoll Inc FRA:MHR
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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MillerKnoll Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

MillerKnoll's Asset Turnover for the fiscal year that ended in May. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: May. 2026 )/( (Total Assets (A: May. 2025 )+Total Assets (A: May. 2026 ))/ count )
=3288.495/( (3503.827+3423.572)/ 2 )
=3288.495/3463.6995
=0.95

MillerKnoll's Asset Turnover for the quarter that ended in May. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: May. 2026 )/( (Total Assets (Q: Feb. 2026 )+Total Assets (Q: May. 2026 ))/ count )
=859.595/( (3343.054+3423.572)/ 2 )
=859.595/3383.313
=0.25

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.25 mean?
MillerKnoll (FRA:MHR) has a Asset Turnover of 0.25 as of May. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on MillerKnoll and its competitors.
Is MillerKnoll's Asset Turnover too high?
MillerKnoll's current Asset Turnover is 0.25. Overall, MillerKnoll has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MillerKnoll's Asset Turnover compare to MBC and LEG?
MillerKnoll's Asset Turnover of 0.25 can be compared against companies in the Furnishings, Fixtures & Appliances industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Furnishings, Fixtures & Appliances company?
A good Asset Turnover depends on the Furnishings, Fixtures & Appliances industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on MillerKnoll and its competitors. MillerKnoll's current Asset Turnover is 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MillerKnoll stock overvalued right now?
Based on GuruFocus' analysis, MillerKnoll (FRA:MHR) is currently considered Modestly Undervalued. The stock's GF Value™ is €19.57, compared to a current price of €17.70 — trading 9.6% below its estimated fair value. The current Asset Turnover is 0.25. MillerKnoll's overall GF Score™ is 65/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For MillerKnoll (FRA:MHR), the current Asset Turnover is 0.25 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MillerKnoll (FRA:MHR) Overvalued in 2026?

Based on GuruFocus' analysis, MillerKnoll stock appears to be undervalued. The current stock price of €17.70 is trading 9.6% below its estimated GF Value™ of €19.57. GuruFocus considers MillerKnoll to be Modestly Undervalued.

Key valuation signals for FRA:MHR:

  • Asset Turnover: 0.25
  • GF Value™: €19.57 vs. price of €17.70 (9.6% below fair value)
  • GF Score™: 65/100 with 5 warning signs

No single metric tells the full story. See the FRA:MHR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MillerKnoll Business Description

Other Exchanges MLKN:USA
Address 855 East Main Avenue, P.O. Box 302, Zeeland, MI, USA, 49464
MillerKnoll Inc, formerly Herman Miller Inc researches, designs, manufactures, sells, and distributes interior furnishings across the globe. The Company has three reportable segments: Americas Contract, International Contract, and Global Retail. The company's products are sold through a variety of sources, including owned and independent contract furniture dealers, direct customer sales, owned and independent retailers, direct-mail catalogs, and the company's online stores. The independent retailer division generates the majority of the firm's overall sales.
65GF Score

Get the complete analysis for FRA:MHR

Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€17.70
Price
€19.57
GF Value