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ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. JOANN's annualized ROCE % for the quarter that ended in Oct. 2023 was -0.78%.
The historical data trend for JOANN's ROCE % 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.
JOANN Annual Data | |||||||||||||||
Trend | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | |||||||||
ROCE % | Get a 7-Day Free Trial | 8.75 | -24.87 | 17.52 | 6.88 | -11.98 |
JOANN Quarterly Data | |||||||||||||||||||
Jan18 | Jan19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | |
ROCE % | Get a 7-Day Free Trial | -1.21 | -21.68 | -8.16 | -13.48 | -0.78 |
JOANN's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Jan. 2023 ) | (A: Jan. 2022 ) | (A: Jan. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Jan. 2023 ) | (A: Jan. 2022 ) | (A: Jan. 2023 ) | |||||
= | -207.6 | / | ( ( (2362.2 - 576.8) | + | (2180.8 - 501) ) | / 2 ) | |
= | -207.6 | / | ( (1785.4 | + | 1679.8) | / 2 ) | |
= | -207.6 | / | 1732.6 | ||||
= | -11.98 % |
JOANN's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Oct. 2023 ) | (Q: Jul. 2023 ) | (Q: Oct. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Oct. 2023 ) | (Q: Jul. 2023 ) | (Q: Oct. 2023 ) | |||||
= | -13.2 | / | ( ( (2260.2 - 563.3) | + | (2257.7 - 553.7) ) | / 2 ) | |
= | -13.2 | / | ( ( 1696.9 | + | 1704 ) | / 2 ) | |
= | -13.2 | / | 1700.45 | ||||
= | -0.78 % |
(1) Note: The EBIT data used here is four times the quarterly (Oct. 2023) EBIT 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.
JOANN (OTCPK:JOANQ) ROCE % Explanation
ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.
Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.
Thank you for viewing the detailed overview of JOANN's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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