Jewett-Cameron Trading Co. Ltd. Files Q3 2024 10-Q
Ticker: JCTC · Form: 10-Q · Filed: Jul 15, 2024 · CIK: 885307
Sentiment: neutral
Topics: 10-Q, earnings, financials
TL;DR
JCTC 10-Q filed for Q3 2024. Check financials.
AI Summary
Jewett-Cameron Trading Co. Ltd. filed its 10-Q for the period ending May 31, 2024. The filing covers the third quarter and the first nine months of fiscal year 2024. Specific financial details and operational updates for this period are detailed within the report.
Why It Matters
This filing provides investors with the latest financial performance and operational status of Jewett-Cameron Trading Co. Ltd., crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: low — This is a standard quarterly filing with no immediate red flags apparent from the header information.
Key Numbers
- 2024-05-31 — Reporting Period End (The company's financial status is reported as of this date.)
- 2024-07-15 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
- 0831 — Fiscal Year End (Indicates the end of the company's fiscal year.)
Key Players & Entities
- JEWETT CAMERON TRADING CO LTD (company) — Filer
- 20240531 (date) — Reporting Period End Date
- 20240715 (date) — Filing Date
- 5036470110 (phone_number) — Business Phone Number
FAQ
What were the key financial highlights for the third quarter ending May 31, 2024?
The 10-Q filing for the period ending May 31, 2024, contains detailed financial statements for the third quarter and the first nine months of fiscal year 2024, which would include revenue, net income, and other key performance indicators.
What is Jewett-Cameron Trading Co. Ltd.'s primary business?
Jewett-Cameron Trading Co. Ltd. operates in the RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS sector, with SIC code 5211.
Where is Jewett-Cameron Trading Co. Ltd. headquartered?
The company's business address is located at 32275 NW HILLCREST, NORTH PLAINS, OR 97133.
What is the company's fiscal year end?
Jewett-Cameron Trading Co. Ltd.'s fiscal year ends on August 31 (0831).
When was the previous fiscal year end reported?
The previous fiscal year end reported in the filing context is August 31, 2023.
Filing Stats: 4,443 words · 18 min read · ~15 pages · Grade level 12.9 · Accepted 2024-07-15 16:30:27
Filing Documents
- jctc_10q.htm (10-Q) — 537KB
- 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
- 0001079973-24-001053.txt ( ) — 3454KB
- jctcf-20240531.xsd (EX-101.SCH) — 28KB
- jctcf-20240531_cal.xml (EX-101.CAL) — 41KB
- jctcf-20240531_def.xml (EX-101.DEF) — 74KB
- jctcf-20240531_lab.xml (EX-101.LAB) — 241KB
- jctcf-20240531_pre.xml (EX-101.PRE) — 198KB
- jctc_10q_htm.xml (XML) — 427KB
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 29 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 29 Item 3. Defaults Upon Senior Securities 29 Item 4. Mine Safety Disclosures 29 Item 5. Other Information 29 Item 6. Exhibits 30 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) MAY 31, 2024 3 JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED BALANCE SHEETS (Expressed in U.S. Dollars) (Prepared by Management) (Unaudited) May 31, 2024 August 31, 2023 ASSETS Current assets Cash and cash equivalents $ 1,054,704 $ 83,696 Accounts receivable, net of allowance of $ 0 (August 31, 2023 - $ 0 ) 7,408,344 5,634,924 Inventory, net of allowance of $ 90,536 (August 31, 2023 - $ 497,884 ) (note 3) 13,470,934 18,339,048 Prepaid expenses 1,402,472 630,788 Total current assets 23,336,454 24,688,456 Property, plant and equipment, net (note 4) 4,482,130 4,655,427 Intangible assets, net (note 5) 112,431 134,845 Deferred tax assets (note 6) 396,788 319,875 Total assets $ 28,327,803 $ 29,798,603 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 787,563 $ 2,181,194 Bank indebtedness (note 7) — 1,259,259 Income taxes payable 244,108 147,629 Accrued liabilities 2,254,484 2,113,194 Total liabilities 3,286,155 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 23,419,061 22,506,804 Total stockholders' equity 25,041,648 24,097,327 Total liabilities and stockholders' equity $ 28,327,803 $ 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 Period Ended May 31, Nine Month Period Ended May 31, 2024 2023 2024 2023 SALES $ 15,896,017 $ 18,945,738 $ 33,931,050 $ 39,666,658 COST