JOANN (JOANQ) Days Payable : 92.84 (As of Oct. 2023)

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What is JOANN Days Payable?

JOANN's average Accounts Payable for the three months ended in Oct. 2023 was $262 Mil. JOANN's Cost of Goods Sold for the three months ended in Oct. 2023 was $258 Mil. Hence, JOANN's Days Payable for the three months ended in Oct. 2023 was 92.84.

The historical rank and industry rank for JOANN's Days Payable or its related term are showing as below:

JOANQ' s Days Payable Range Over the Past 10 Years
Min: 62.38 Med: 71.49 Max: 79.91
Current: 79.91

During the past 6 years, JOANN's highest Days Payable was 79.91. The lowest was 62.38. And the median was 71.49.

JOANQ's Days Payable is ranked better than
66.14% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs JOANQ: 79.91

JOANN's Days Payable increased from Oct. 2022 (87.85) to Oct. 2023 (92.84). It may suggest that JOANN delayed paying its suppliers.

JOANN Days Payable Historical Data

The historical data trend for JOANN's Days Payable 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.

* Premium members only.

JOANN Days Payable Chart

JOANN Annual Data

Trend

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Days Payable

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71.49

72.62

62.38

76.32

70.00

JOANN Quarterly Data
	Jan18	Jan19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Days Payable	Get a 7-Day Free Trial														87.85	54.85	81.03	96.91	92.84

Competitive Comparison of JOANN's Days Payable

For the Specialty Retail subindustry, JOANN's Days Payable, along with its competitors' market caps and Days Payable 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.

JOANN's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, JOANN's Days Payable distribution charts can be found below:

* The bar in red indicates where JOANN's Days Payable falls into.

JOANN Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

JOANN's Days Payable for the fiscal year that ended in Jan. 2023 is calculated as

	Days Payable (A: Jan. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2022 )	+	Accounts Payable (A: Jan. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2023 )	*	Days in Period
=	( (253.8	+	197.5)	/	2 )	/	1176.6	*	365
=	225.65					/	1176.6	*	365
=	70.00

JOANN's Days Payable for the quarter that ended in Oct. 2023 is calculated as:

	Days Payable (Q: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2023 )	+	Accounts Payable (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (261.7	+	262.7)	/	2 )	/	257.7	*	365 / 4
=	262.2					/	257.7	*	365 / 4
=	92.84

JOANN Days Payable Related Terms

Thank you for viewing the detailed overview of JOANN's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

JOANN (JOANQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » JOANN Inc (OTCPK:JOANQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5555 Darrow Road, Hudson, OH, USA, 44236

Website

https://www.joann.com

JOANN Inc is engaged in the sewing business. The company provides fabrics, sewing supplies, yarn and needle arts, paper crafting, jewelry making, fabric crafting, craft lights, wedding decorations, and home decor products. It generates maximum revenue from Arts and Crafts and Home Decor products.

Executives

Joseph Thibault	officer: SVP, Store Operations	5555 DARROW ROAD, HUDSON OH 44236
John Craig Stalcup	officer: SVP, Chief Information Officer	C/O JOANN INC., 5555 DARROW RD., HUDSON OH 44236
Marybeth Hays	director	C/O JO-ANN STORES HOLDINGS INC., 5555 DARROW ROAD, HUDSON OH 44236
Scott Sekella	officer: SVP, Chief Financial Officer	C/O JOANN INC., 5555 DARROW ROAD, HUDSON OH 44236
Ann Aber	officer: SVP, GC & Secretary	C/O JO-ANN STORES HOLDINGS INC., 5555 DARROW ROAD, HUDSON OH 44236
Robert Will	officer: SVP, Chief Merch. Officer	C/O JO-ANN STORES HOLDINGS INC., 5555 DARROW ROAD, HUDSON OH 44236
Christopher Ditullio	officer: SVP, Chief Customer Officer	C/O JO-ANN STORES HOLDINGS INC., 5555 DARROW ROAD, HUDSON OH 44236
Green Equity Investors Cf, L.p.	director, 10 percent owner	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Thomas A Dryer	officer: VP, Interim CFO & Controller	C/O JOANN INC., 5555 DARROW ROAD, HUDSON OH 44236
Brian William Coleman	director	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Mario Sampson	officer: SVP, Supply Chain	C/O JOANN INC., 5555 DARROW ROAD, HUDSON OH 44236
Darrell Webb	director	5555 DARROW ROAD, HUDSON OH 44236
Varadheesh Chennakrishnan	officer: SVP, CIO	C/O JO-ANN STORES HOLDINGS INC., 5555 DARROW ROAD, HUDSON OH 44236
Matthew B. Susz	officer: SVP, CFO	C/O JO-ANN STORES HOLDINGS INC., 5555 DARROW ROAD, HUDSON OH 44236
Wade D Miquelon	director, officer: President and CEO	108 WILMOT ROAD, DEERFIELD IL 60015