JOANN (JOANQ) Change In Inventory : $67 Mil (TTM As of Oct. 2023)

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What is JOANN Change In Inventory?

JOANN's change in inventory for the quarter that ended in Oct. 2023 was $-38 Mil. It means JOANN's inventory increased by $38 Mil from Jul. 2023 to Oct. 2023 .

JOANN's change in inventory for the fiscal year that ended in Jan. 2023 was $75 Mil. It means JOANN's inventory declined by $75 Mil from Jan. 2022 to Jan. 2023 .

JOANN's Total Inventories for the quarter that ended in Oct. 2023 was $680 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. JOANN's Days Inventory for the quarter that 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.

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 Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 1.22.

JOANN Change In Inventory Historical Data

The historical data trend for JOANN's Change In Inventory 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 Change In Inventory Chart

JOANN Annual Data

Trend

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Change In Inventory

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-39.10

-33.90

93.80

-102.70

74.50

JOANN Quarterly Data
	Jan18	Jan19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Change In Inventory	Get a 7-Day Free Trial														2.90	162.90	-4.90	-53.00	-37.60

JOANN Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $67 Mil.

JOANN (OTCPK:JOANQ) Change In Inventory Explanation

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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	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	/	Average Total Inventories
	=	257.7	/	660.8
	=	0.39

3. 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 Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	660.8	/	539.8
	=	1.22

JOANN Change In Inventory Related Terms

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JOANN (JOANQ) Business Description

Industry

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

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