Jewett Cameron Trading Co., Ltd. Files 10-Q for Period Ending February 29, 2024

TL;DR

<b>Jewett Cameron Trading Co., Ltd. filed its Q2 2024 10-Q report on April 15, 2024.</b>

AI Summary

JEWETT CAMERON TRADING CO LTD (JCTC) filed a Quarterly Report (10-Q) with the SEC on April 15, 2024. The company filed a 10-Q for the period ending February 29, 2024. The filing covers the second quarter of fiscal year 2024. Key dates include the filing date of April 15, 2024, and the report period ending February 29, 2024. The company's fiscal year ends on August 31. The filing includes data related to common stock, additional paid-in capital, and retained earnings for various periods.

Why It Matters

For investors and stakeholders tracking JEWETT CAMERON TRADING CO LTD, this filing contains several important signals. This 10-Q filing provides investors with an update on the company's financial performance and position for the second quarter of fiscal year 2024. The detailed financial information, including balance sheet and income statement data, is crucial for understanding the company's operational results and any changes since the last filing.

Risk Assessment

Risk Level: low — JEWETT CAMERON TRADING CO LTD shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not indicate any immediate or significant financial distress or unusual events based on the provided header information.

Analyst Insight

Review the detailed financial statements within the 10-Q to assess revenue trends, profitability, and balance sheet changes for the second quarter of fiscal year 2024.

Key Numbers

• 2024-02-29 — Report Period End Date (Conformed Period of Report)
• 2024-04-15 — Filing Date (Filed as of Date)
• 0831 — Fiscal Year End (Fiscal Year End)
• Q2 — Quarter (Fiscal Quarter)

Key Players & Entities

• JEWETT CAMERON TRADING CO LTD (company) — Filer
• 0000885307 (company) — Central Index Key
• 2024-02-29 (date) — Conformed Period of Report
• 2024-04-15 (date) — Filed as of Date
• OR (location) — State of Incorporation
• 5036470110 (phone) — Business Phone

FAQ

Industry Context

Jewett Cameron Trading Co., Ltd. operates in the retail lumber and building materials dealers sector (SIC 5211).

Regulatory Implications

The filing is a standard Form 10-Q, submitted under the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the financial statements for revenue, net income, and cash flow.
2. Examine the balance sheet for changes in assets, liabilities, and equity.
3. Review any disclosures regarding business operations, risks, or legal proceedings.

Key Dates

• 2024-02-29: End of Reporting Period — Second quarter of fiscal year 2024
• 2024-04-15: Filing Date — Submission of the 10-Q report

Year-Over-Year Comparison

This is the initial filing data extracted. Further analysis would require comparing this to previous filings.

Filing Documents

• jctc_10q.htm (10-Q) — 584KB
• jctcf_ex31x1.htm (EX-31.1) — 8KB
• jctcf_ex31x2.htm (EX-31.2) — 8KB
• jctcf_ex32x1.htm (EX-32.1) — 4KB
• jctcf_ex32x2.htm (EX-32.2) — 4KB
• 0001079973-24-000549.txt (&nbsp;) — 3513KB
• jctcf-20240229.xsd (EX-101.SCH) — 28KB
• jctcf-20240229_cal.xml (EX-101.CAL) — 42KB
• jctcf-20240229_def.xml (EX-101.DEF) — 68KB
• jctcf-20240229_lab.xml (EX-101.LAB) — 237KB
• jctcf-20240229_pre.xml (EX-101.PRE) — 192KB
• jctc_10q_htm.xml (XML) — 483KB

Financial Statements

Financial Statements 3 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 27 Item 4.

Controls and Procedures

Controls and Procedures 28 PART II – OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 28 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28 Item 3. Defaults Upon Senior Securities 28 Item 4. Mine Safety Disclosures 28 Item 5. Other Information 28 Item 6. Exhibits 29 PART 1 – FINANCIAL INFORMATION Item 1. Financial JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS (Expressed in U.S. Dollars) (Unaudited – Prepared by Management) FEBRUARY 29, 2024 3 JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED BALANCE SHEETS (Expressed in U.S. Dollars) (Prepared by Management) (Unaudited) February 29, 2024 August 31, 2023 ASSETS Current assets Cash and cash equivalents $ 1,149,316 $ 83,696 Accounts receivable, net of allowance of $ 0 (August 31, 2023 - $ 0 ) 4,676,317 5,634,924 Inventory, net of allowance of $ 410,325 (August 31, 2023 - $ 497,884 ) (note 3) 17,576,787 18,339,048 Prepaid expenses 796,393 630,788 Total current assets 24,198,813 24,688,456 Property, plant and equipment, net (note 4) 4,450,788 4,655,427 Intangible assets, net (note 5) 112,639 134,845 Deferred tax assets (Note 6) 226,148 319,875 Total assets $ 28,988,388 $ 29,798,603 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 2,190,006 $ 2,181,194 Bank indebtedness (note 7) — 1,259,259 Income taxes payable 172,722 147,629 Accrued liabilities 1,738,874 2,113,194 Total liabilities 4,101,602 5,701,276 Stockholders' equity Capital stock (notes 8, 9) Authorized 21,567,564 common shares, no par value 10,000,000 preferred shares, no par value Issued 3,504,802 common shares (August 31, 2023 – 3,498,899 ) 826,861 825,468 Additional paid-in capital 795,726 765,055 Retained earnings 23,264,199 22,506,804 Total stockholders' equity 24,886,786 24,097,327 Total liabilities and stockholders' equity $ 28,988,388 $ 29,798,603 The accompanying notes are an integral part of these consolidated financial statements. 4 JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED (Expressed in U.S. Dollars) (Prepared by Management) (Unaudited) Three Month Periods to the end of February Six Month Periods to the end of February 2024 2023 2024 2023 SALES $ 8,229,192 $ 8,143,421 $ 18

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View this 10-Q filing on SEC EDGAR