JOANN (JOANQ) Inventory-to-Revenue : 1.22 (As of Oct. 2023)

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What is JOANN Inventory-to-Revenue?

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. JOANN's Average Total Inventories for the quarter that ended in Oct. 2023 was $661 Mil. JOANN's Revenue for the three months ended in Oct. 2023 was $540 Mil. JOANN's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 1.22.

JOANN's Inventory-to-Revenue for the quarter that ended in Oct. 2023 declined from Jul. 2023 (1.36) to Jul. 2023 (1.22)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. JOANN's Days Inventory for the three months ended in Oct. 2023 was 233.99.

Inventory Turnover measures how fast the company turns over its inventory within a year. JOANN's Inventory Turnover for the quarter that ended in Oct. 2023 was 0.39.

JOANN Inventory-to-Revenue Historical Data

The historical data trend for JOANN's Inventory-to-Revenue 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.

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JOANN Inventory-to-Revenue Chart

JOANN Annual Data

Trend

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Inventory-to-Revenue

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0.27

0.28

0.22

0.25

0.28

JOANN Quarterly Data
	Jan18	Jan19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Inventory-to-Revenue	Get a 7-Day Free Trial														1.33	0.96	1.23	1.36	1.22

Competitive Comparison of JOANN's Inventory-to-Revenue

For the Specialty Retail subindustry, JOANN's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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 Inventory-to-Revenue Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where JOANN's Inventory-to-Revenue falls into.

JOANN Inventory-to-Revenue Calculation

JOANN's Inventory-to-Revenue for the fiscal year that ended in Jan. 2023 is calculated as

	Inventory-to-Revenue (A: Jan. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Jan. 2022 )	+	Total Inventories (A: Jan. 2023 ))	/	count )	/	Revenue (A: Jan. 2023 )
=	( (658.6	+	584.1)	/	2 )	/	2216.9
=	621.35					/	2216.9
=	0.28

JOANN's Inventory-to-Revenue for the quarter that ended in Oct. 2023 is calculated as

	Inventory-to-Revenue (Q: Oct. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Jul. 2023 )	+	Total Inventories (Q: Oct. 2023 ))	/	count )	/	Revenue (Q: Oct. 2023 )
=	( (642	+	679.6)	/	2 )	/	539.8
=	660.8					/	539.8
=	1.22

JOANN (OTCPK:JOANQ) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

JOANN's Days Inventory for the three months ended in Oct. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2023 )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
	=	660.8	/	257.7	*	365 / 4
	=	233.99

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

JOANN's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Oct. 2023 )	/	Average Total Inventories (Q: Oct. 2023 )
	=	257.7	/	660.8
	=	0.39

JOANN Inventory-to-Revenue Related Terms

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JOANN (JOANQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » JOANN Inc (OTCPK:JOANQ) » Definitions » Inventory-to-Revenue

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