| Address:
|
2340 SOUTH EASTERN AVENUE
- |
| City: |
COMMERCE |
|
State: |
CA |
|
Zip Code: |
90040 |
| Telephone: |
323-8373700 |
|
Description of Business
|
Primary SIC Code:
2300 |
| (As filed with the SEC)
|
|
|
We began our operations in April 1987 as Innovo, Inc., or Innovo, a Texas
corporation, to manufacture and domestically distribute cut and sewn canvas and
nylon consumer products for the utility, craft, sports-licensed and advertising
specialty markets. In 1990, Innovo merged into Elorac Corporation, a Delaware
corporation, and renamed the company Innovo Group Inc. In October 2007, we
renamed our company Joe's Jeans Inc. Initially, we produced craft and accessory
products for the consumer marketplace. Since that time, we evolved from
producing craft and accessory products to designing and selling apparel
products. During this transition, we moved our operations from Tennessee to Los
Angeles, California.
Our principal business activity has evolved into the design, development and
worldwide marketing of our Joe's® products, which include denim jeans, related
casual wear and accessories. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 08/2011 | -0.01 | NA | N/E | | 05/2011 | 0.03 | NA | 27.75 | | 02/2011 | 0.03 | NA | 36.67 | | 11/2010 | 0.04 | NA | 39.75 | | 08/2010 | 0.37 | NA | 4.92 | | 05/2010 | 0.38 | NA | 5.92 | | 02/2010 | 0.40 | NA | 5.42 | | 11/2009 | 0.40 | NA | 3.22 |
Key Financial Ratios and Statistics |
FYE:
11/30 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.02 | Total Liab/Total Assets | 0.20 | | Net Inc/Total Assets | 0.03 | Total Liab/Inv Cap | 0.25 | | Net Inc/Inv Cap | 0.04 | Total Liab/Comm Equity | 0.15 | | Pretax Inc/Net Sales | 0.06 | Interest Coverage Ratio | 12.98 | | Net Inc/Net Sales | 0.03 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | -0.04 | LTD/Equity | NA | | SG&A/NetSales | 0.40 | Total Debt/Equity | NA |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 15.74 | Quick Ratio | 0.84 | | Inventory Turnover | 1.96 | Current Ratio | 2.77 | | Inventory Day Sales | 0.00 | Net Rec/Curr Assets | 0.13 | | Net Sales/Work Cap | 3.54 | Inv/Curr Assets | 0.70 | | Net Sales/PP&E | 17.16 | | |
Income Statement (Millions) |
| |
8/31/2011
|
5/31/2011
|
2/28/2011
|
11/30/2010
|
|
Total Revenues(Net Sales)
|
24.15
|
24.70
|
21.18
|
23.57
|
|
Cost of Goods Sold
|
14.41
|
13.18
|
10.80
|
12.02
|
|
Selling & Admin Exps
|
10.92
|
9.55
|
9.59
|
9.36
|
|
Operating Income
|
-2.64
|
1.69
|
0.52
|
1.94
|
|
Interest Exp
|
0.11
|
0.13
|
0.13
|
0.14
|
|
Pretax Income
|
-2.75
|
1.56
|
0.40
|
1.81
|
|
Other Income
|
NA
|
NA
|
NA
|
NA
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-2.04
|
0.75
|
0.19
|
0.82
|
|
Assets
|
8/31/2011
|
5/31/2011
|
2/28/2011
|
11/30/2010
|
|
Cash & Short Term Investments
|
11.64
|
8.63
|
8.00
|
6.41
|
|
Receivables - Total
|
5.07
|
5.57
|
5.78
|
5.64
|
|
Inventories - Total
|
24.89
|
25.58
|
27.41
|
30.25
|
|
Total Current Assets
|
43.16
|
41.04
|
41.85
|
43.38
|
|
Net Property, Plant & Equipment
|
5.52
|
6.52
|
6.22
|
5.72
|
|
Total Assets
|
81.24
|
79.99
|
80.50
|
81.47
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
15.42
|
12.51
|
14.31
|
15.68
|
|
Debt in Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Liabilities
|
15.42
|
12.51
|
14.31
|
15.68
|
|
Long-Term Debt
|
NA
|
NA
|
NA
|
NA
|
|
Total Liabilities
|
16.64
|
13.65
|
15.35
|
16.60
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
6.52
|
6.48
|
6.47
|
6.42
|
|
Retained Earnings
|
-43.95
|
-41.91
|
-42.66
|
-42.85
|
|
Treasury Stock
|
-3.06
|
-3.06
|
-3.06
|
-3.06
|
|
Total Stockholders' Equity
|
64.60
|
66.35
|
65.15
|
64.87
|
|
Total Liabilities and Stockholders' Equity
|
81.24
|
79.99
|
80.50
|
81.47
|
Cash Flow Summary (Millions) |
|
Categories
|
8/31/2011
|
5/31/2011
|
2/28/2011
|
11/30/2010
|
|
Net Cash Provided by Operating Activities
|
1.78
|
4.54
|
1.67
|
1.37
|
|
Net Cash Provided by Investing Activities
|
-0.47
|
-0.59
|
-0.77
|
-0.89
|
|
Net Cash Provided by Financing Activities
|
1.70
|
-3.31
|
0.68
|
-0.64
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 11/2006 | 46.63 | -9.29 | -- | | 11/2007 | 62.77 | 2.25 | 0.05 | | 11/2008 | 69.17 | 4.90 | -- | | 11/2009 | 80.12 | 24.52 | 0.40 | | 11/2010 | 98.18 | 2.60 | 0.04 | | Growth Rates | 20.46 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 41 | 6,313 | 9.73 |
|
Report Date :
2/6/2012
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