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JOANN (JOANQ) EBIT : $-193 Mil (TTM As of Oct. 2023)


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What is JOANN EBIT?

JOANN's earnings before interest and taxes (EBIT) for the three months ended in Oct. 2023 was $-3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2023 was $-193 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. JOANN's annualized ROC % for the quarter that ended in Oct. 2023 was -1.94%. JOANN's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -0.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. JOANN's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -9.67%.


JOANN EBIT Historical Data

The historical data trend for JOANN's EBIT 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 EBIT Chart

JOANN Annual Data
Trend Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
EBIT
Get a 7-Day Free Trial 146.70 -432.60 309.30 120.90 -207.60

JOANN Quarterly Data
Jan18 Jan19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.90 -98.70 -34.20 -56.80 -3.30

Competitive Comparison of JOANN's EBIT

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

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

* The bar in red indicates where JOANN's EV-to-EBIT falls into.



JOANN EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT 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 $-193 Mil.

* 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) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

JOANN's annualized ROC % for the quarter that ended in Oct. 2023 is calculated as:

ROC % (Q: Oct. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jul. 2023 ) + Invested Capital (Q: Oct. 2023 ))/ count )
=-54.8 * ( 1 - 34.38% )/( (1856.6 + 1857.5)/ 2 )
=-35.95976/1857.05
=-1.94 %

where

Note: The Operating Income data used here is four times the quarterly (Oct. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

JOANN's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Oct. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2023  Q: Oct. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-13.2/( ( (1062.3 + max(320.1, 0)) + (998.9 + max(390.1, 0)) )/ 2 )
=-13.2/( ( 1382.4 + 1389 )/ 2 )
=-13.2/1385.7
=-0.95 %

where Working Capital is:

Working Capital(Q: Jul. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 642 + 62.6) - (384.5 + 0 + 0)
=320.1

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 679.6 + 82.4) - (371.9 + 0 + 0)
=390.1

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Oct. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

JOANN's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Oct. 2023 )
=-193/1996.881
=-9.67 %

* 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 EBIT Related Terms

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JOANN (JOANQ) Business Description

Traded in Other Exchanges
N/A
Address
5555 Darrow Road, Hudson, OH, USA, 44236
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