$JCTC
JEWETT CAMERON TRADING CO LTD

2024 Q2 Form 10-Q Financial Statement

#000107997324000549 Filed on April 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $15.90M $8.229M
YoY Change -16.1% 1.05%
Cost Of Revenue $12.94M $6.165M
YoY Change -10.92% -0.94%
Gross Profit $2.951M $2.065M
YoY Change -33.13% 7.5%
Gross Profit Margin 18.56% 25.09%
Selling, General & Admin $1.026M $2.700M
YoY Change -66.49% 146.34%
% of Gross Profit 34.77% 130.79%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $79.41K $91.04K
YoY Change -20.56% 3.36%
% of Gross Profit 2.69% 4.41%
Operating Expenses $2.895M $2.791M
YoY Change -8.44% -10.84%
Operating Profit $55.60K -$726.7K
YoY Change -95.56% -39.95%
Interest Expense -$1.440K $19.82K
YoY Change -99.06% -82.69%
% of Operating Profit -2.59%
Other Income/Expense, Net $13.00 $0.00
YoY Change -100.0%
Pretax Income $55.61K -$707.4K
YoY Change -94.94% -46.59%
Income Tax $99.25K -$173.3K
% Of Pretax Income 178.49%
Net Earnings $154.9K -$534.2K
YoY Change -78.93% -45.05%
Net Earnings / Revenue 0.97% -6.49%
Basic Earnings Per Share $0.04 -$0.15
Diluted Earnings Per Share $0.04 -$0.15
COMMON SHARES
Basic Shares Outstanding 3.505M shares 3.505M shares
Diluted Shares Outstanding 3.505M shares 3.504M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.055M $1.149M
YoY Change -61.17% 328.23%
Cash & Equivalents $1.055M $1.149M
Short-Term Investments
Other Short-Term Assets $1.402M $796.4K
YoY Change 61.18% -20.58%
Inventory $13.47M $17.58M
Prepaid Expenses $1.402M $796.4K
Receivables $7.408M $4.676M
Other Receivables $0.00 $0.00
Total Short-Term Assets $23.34M $24.20M
YoY Change -26.26% -15.42%
LONG-TERM ASSETS
Property, Plant & Equipment $4.482M $4.451M
YoY Change -5.56% -9.74%
Goodwill
YoY Change
Intangibles $112.4K $112.6K
YoY Change -16.35% 243.18%
Long-Term Investments
YoY Change
Other Assets $396.8K $226.2K
YoY Change 1.34% -43.18%
Total Long-Term Assets $4.991M $4.790M
YoY Change -5.32% -10.67%
TOTAL ASSETS
Total Short-Term Assets $23.34M $24.20M
Total Long-Term Assets $4.991M $4.790M
Total Assets $28.33M $28.99M
YoY Change -23.27% -14.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $787.6K $2.190M
YoY Change -70.07% 208.38%
Accrued Expenses $2.254M $1.739M
YoY Change -3.33% 2.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.286M $4.102M
YoY Change -74.93% -62.38%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.286M $4.102M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $3.286M $4.102M
YoY Change -74.93% -62.38%
SHAREHOLDERS EQUITY
Retained Earnings $23.42M $23.26M
YoY Change 5.41% 8.3%
Common Stock $826.9K $826.9K
YoY Change 0.17% 0.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $25.04M $24.89M
YoY Change
Total Liabilities & Shareholders Equity $28.33M $28.99M
YoY Change -23.27% -14.67%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $154.9K -$534.2K
YoY Change -78.93% -45.05%
Depreciation, Depletion And Amortization $79.41K $91.04K
YoY Change -20.56% 3.36%
Cash From Operating Activities $14.48K -$2.412M
YoY Change -99.51% 14.4%
INVESTING ACTIVITIES
Capital Expenditures $110.5K
YoY Change -228.55%
Acquisitions
YoY Change
Other Investing Activities $1.450K $3.500K
YoY Change -101.41%
Cash From Investing Activities -$109.1K $3.500K
YoY Change 560.75% -101.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000
YoY Change -100.0% -100.0%
NET CHANGE
Cash From Operating Activities 14.48K -2.412M
Cash From Investing Activities -109.1K 3.500K
Cash From Financing Activities 0.000 0.000
Net Change In Cash -94.61K -2.409M
YoY Change -103.87% 63.41%
FREE CASH FLOW
Cash From Operating Activities $14.48K -$2.412M
Capital Expenditures $110.5K
Free Cash Flow -$96.06K
YoY Change -103.15%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Use Of Estimates
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<p id="xdx_842_eus-gaap--UseOfEstimates_zg6g9Az0eaR4" style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_863_zrkjpRV2C9N1">Estimates</span></b> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of consolidated financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates incorporated into the Company’s consolidated financial statements include the estimated useful lives for depreciable and amortizable assets, the estimated allowances for doubtful accounts receivable and inventory obsolescence, possible product liability and possible product returns, and litigation contingencies and claims. Actual results could differ from those estimates.</span></p>
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