Herman Miller Swot Analysis

SWOT Analysis

Strengths:
•The customers are exhibiting brand loyalty.
•The company is maintaining a prestigious position among competitors.
•HMI is maintaining a powerful relationship with suppliers, vendors and consulting agencies.
•HMI is maintaining good company relationship with CBR/ union.
•Marketing strategy seems well designed and well accomplished.
•The company is demonstrating financial strength.
•Production processes, systems and procedures are of reasonably high standard.

Weaknesses:
•The organizational aspects including vision, mission, long term goals and HRM directions and guidelines need to be improved.
•The Human resources department needs major overhauling virtually in all the functional areas.

Opportunities:
•The economic

31, 2015 8.85%
May 31, 2015 8.45%
Feb. 28, 2015 8.17%
Nov. 30, 2014 8.38%
Aug. 31, 2014 -1.91%
May 31, 2014 -2.28%
Aug. 31, 2015 8.85%
May 31, 2015 8.45%

Definition
Return on Assets shows the rate of return after tax being earned on all of the firm's assets. It is a measure of how efficiently the company is using all stakeholders' assets to earn returns. (Ycharts.com)

Formula
The most common accounting formula for Return on Assets is:
Return on Assets (ROA) = [Net Income + (Interest Expense x (1 - Tax Rate)) + Minority Interest) / (Average Total Assets)
Where Average Total Assets = (Assets at the beginning of the reporting period + Assets at the end of the reporting period) / 2. (Ycharts.com)
YCharts calculates Return on Assets as:
ROA = Trailing 12 Month Net Income / Total Assets from the most recent quarter

Operating profit margin for Herman Miller

Aug. 31, 2015 5.92%
May 31, 2015 4.25%
Feb. 28, 2015 4.07%
Nov. 30, 2014 4.92%
Aug. 31, 2014 4.94%
May 31, 2014 3.41%

Definition The website Ycharts defines profit margin as the percentage of revenue that a company keeps as profit after accounting for fixed and variable costs.
Formula
Profit Margin = Net Income /