$MAYS
MAYS J W INC

2024 Q4 Form 10-Q Financial Statement

#000120677424001105 Filed on December 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q4
Revenue $5.539M
YoY Change 4.04%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $5.487M
YoY Change 2.07%
Operating Profit $52.17K
YoY Change -201.0%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$19.51K
YoY Change -90.04%
Pretax Income $32.66K
YoY Change -113.19%
Income Tax $6.000K
% Of Pretax Income 18.37%
Net Earnings $26.66K
YoY Change -113.84%
Net Earnings / Revenue 0.48%
Basic Earnings Per Share $0.01
Diluted Earnings Per Share $0.01
COMMON SHARES
Basic Shares Outstanding 2.016M shares
Diluted Shares Outstanding 2.016M shares

Balance Sheet

Concept 2024 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $2.316M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $48.18M
YoY Change 1.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $88.49M
YoY Change -2.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $35.57M
YoY Change -6.07%
SHAREHOLDERS EQUITY
Retained Earnings $48.69M
YoY Change -0.38%
Common Stock $5.525M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $52.92M
YoY Change
Total Liabilities & Shareholders Equity $88.49M
YoY Change -2.73%

Cashflow Statement

Concept 2024 Q4
OPERATING ACTIVITIES
Net Income $26.66K
YoY Change -113.84%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $1.803M
YoY Change 2.57%
INVESTING ACTIVITIES
Capital Expenditures $460.1K
YoY Change 47.13%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$460.1K
YoY Change 47.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $336.1K
YoY Change 4.51%
Cash From Financing Activities -$336.1K
YoY Change 4.51%
NET CHANGE
Cash From Operating Activities $1.803M
Cash From Investing Activities -$460.1K
Cash From Financing Activities -$336.1K
Net Change In Cash $1.006M
YoY Change -10.38%
FREE CASH FLOW
Cash From Operating Activities $1.803M
Capital Expenditures $460.1K
Free Cash Flow $1.343M
YoY Change -7.07%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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MAYS J W INC
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CY2024Q4 dei Entity Tax Identification Number
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9 Bond Street
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CY2024Q4 dei City Area Code
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MAYS
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CY2024Q4 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_846_eus-gaap--UseOfEstimates_zO8WlHBoBOg5" style="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0.25in"><b><span id="xdx_868_zryUqHb591sf">Use of Estimates</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0">The accounting records are maintained in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The preparation of the Company’s financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, the disclosure of contingent assets and liabilities, incremental borrowing rates and recognition of renewal options for operating lease right-of-use assets and liabilities, and the reported amounts of revenues and expenses during the reporting period. The estimates that we make include allowance for doubtful accounts, depreciation, impairment analysis of long-lived assets, income tax assets and liabilities, fair value of marketable securities and revenue recognition. Estimates are based on historical experience where applicable or other assumptions that management believes are reasonable under the circumstances. Due to the inherent uncertainty involved in making estimates, actual results may differ from those estimates under different assumptions or conditions.</p>
CY2024Q4 us-gaap Property Plant And Equipment Impairment
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<p id="xdx_840_eus-gaap--PropertyPlantAndEquipmentImpairment_zJuzZSqzwVZg" style="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0.25in"><b><span id="xdx_86C_zpbiOl3b08Xf">Impairment</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0">The Company periodically reviews owned and leased properties, including related long lived assets and depreciable lives, for indicators of impairment that imply the carrying amount of assets may not be recoverable through operations plus estimated disposition proceeds. Such indicators of impairment include, but are not limited to, significant changes in real estate market conditions resulting in decreases in estimated fair values of properties or assets, changes in business conditions in the industries in which our tenants operate, and other significant or unusual events or circumstances which may occur from time to time.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0">If indicators of impairment existed, the carrying value of the property would be written down to its estimated fair value based on our best estimate of the property’s discounted future cash flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0">As of October 31, 2024 and July 31, 2024, the Company has determined there was no impairment of its owned and leased properties, and the related carrying values, including depreciable lives.</p>
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CY2024Q4 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
13902660 usd
CY2024Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
13457252 usd
CY2024Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
12206513 usd
CY2024Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
11323068 usd
CY2024Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
9765641 usd
CY2024Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
8098827 usd
CY2024Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
20857829 usd
CY2024Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
89611790 usd
CY2024Q4 MAYS Operating Leases Rent Expense Sublease Rentals
OperatingLeasesRentExpenseSubleaseRentals
1821654 usd
CY2023Q4 MAYS Operating Leases Rent Expense Sublease Rentals
OperatingLeasesRentExpenseSubleaseRentals
1824879 usd
CY2024Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
749125 usd
CY2023Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
748711 usd
CY2024Q4 MAYS Excess Of Sublease Income Over Rental Expense
ExcessOfSubleaseIncomeOverRentalExpense
1072529 usd
CY2023Q4 MAYS Excess Of Sublease Income Over Rental Expense
ExcessOfSubleaseIncomeOverRentalExpense
1076168 usd
CY2024Q4 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
540300 usd
CY2023Q4 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
531288 usd
CY2024Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P15Y8M12D
CY2024Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0366 pure
CY2024Q4 us-gaap Multiemployer Plan Pension Significant Employer Contribution Cost
MultiemployerPlanPensionSignificantEmployerContributionCost
110728 usd
CY2023Q4 us-gaap Multiemployer Plan Pension Significant Employer Contribution Cost
MultiemployerPlanPensionSignificantEmployerContributionCost
120251 usd
CY2024Q4 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
21461 usd
CY2023Q4 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
24229 usd
CY2024Q4 MAYS Employer Contributing Percentage
EmployerContributingPercentage
0.05 pure
CY2024Q4 us-gaap Multiemployer Plan Pension Significant Collective Bargaining Arrangement Expiration Date
MultiemployerPlanPensionSignificantCollectiveBargainingArrangementExpirationDate
2025-11-30
CY2024Q4 us-gaap Multiemployer Plan Number Of Employees Covered
MultiemployerPlanNumberOfEmployeesCovered
28 integer
CY2024Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
2316114 usd
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
2339016 usd
CY2024Q4 MAYS Restricted Cash Tenant Security Deposits
RestrictedCashTenantSecurityDeposits
904174 usd
CY2023Q4 MAYS Restricted Cash Tenant Security Deposits
RestrictedCashTenantSecurityDeposits
898791 usd
CY2024Q4 MAYS Restricted Cash Others
RestrictedCashOthers
71785 usd
CY2023Q4 MAYS Restricted Cash Others
RestrictedCashOthers
103023 usd
CY2024Q4 MAYS Cash Flow Information
CashFlowInformation
3292073 usd
CY2023Q4 MAYS Cash Flow Information
CashFlowInformation
3340830 usd
CY2024Q4 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
21425 usd
CY2023Q4 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
20463 usd
CY2024Q4 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
25725 usd
CY2023Q4 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
42519 usd
CY2024Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
162517 shares
CY2024Q3 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
162517 shares
CY2024Q4 us-gaap Payments For Rent
PaymentsForRent
246813 usd
CY2023Q4 us-gaap Payments For Rent
PaymentsForRent
246813 usd
CY2024Q4 MAYS Rent Expense
RentExpense
382970 usd
CY2023Q4 MAYS Rent Expense
RentExpense
382970 usd
CY2024Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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0001206774-24-001105-index-headers.html Edgar Link pending
0001206774-24-001105-index.html Edgar Link pending
0001206774-24-001105.txt Edgar Link pending
0001206774-24-001105-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
mays-20241031.xsd Edgar Link pending
mays4406351-10q.htm Edgar Link pending
mays4406351-ex311.htm Edgar Link pending
mays4406351-ex312.htm Edgar Link pending
mays4406351-ex32.htm Edgar Link pending
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mays-20241031_pre.xml Edgar Link unprocessable
mays4406351-10q_htm.xml Edgar Link completed
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FilingSummary.xml Edgar Link unprocessable
mays-20241031_lab.xml Edgar Link unprocessable
mays-20241031_cal.xml Edgar Link unprocessable
mays-20241031_def.xml Edgar Link unprocessable