Jewett-Cameron Trading Co (Jewett-Cameron Trading Co) Inventory Turnover : 0.35 (As of Feb. 2024)

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What is Jewett-Cameron Trading Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Jewett-Cameron Trading Co's Cost of Goods Sold for the three months ended in Feb. 2024 was $6.16 Mil. Jewett-Cameron Trading Co's Average Total Inventories for the quarter that ended in Feb. 2024 was $17.55 Mil. Jewett-Cameron Trading Co's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jewett-Cameron Trading Co's Days Inventory for the three months ended in Feb. 2024 was 259.73.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Jewett-Cameron Trading Co's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 2.13.

Jewett-Cameron Trading Co Inventory Turnover Historical Data

The historical data trend for Jewett-Cameron Trading Co's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Jewett-Cameron Trading Co Inventory Turnover Chart

Jewett-Cameron Trading Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Inventory Turnover

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4.39

4.17

3.68

2.80

2.16

Jewett-Cameron Trading Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															0.28	0.67	0.60	0.44	0.35

Jewett-Cameron Trading Co Inventory Turnover Calculation

Jewett-Cameron Trading Co's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Inventory Turnover (A: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2023 )	/ (	(Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )
=	42.042	/ (	(20.632	+	18.339)	/	2 )
=	42.042	/	19.4855
=	2.16

Jewett-Cameron Trading Co's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	6.164	/ (	(17.513	+	17.577)	/	2 )
=	6.164	/	17.545
=	0.35

Jewett-Cameron Trading Co (NAS:JCTCF) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Jewett-Cameron Trading Co's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	17.545	/	6.164	*	365 / 4
	=	259.73

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Jewett-Cameron Trading Co's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	17.545	/	8.229
	=	2.13

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Jewett-Cameron Trading Co Inventory Turnover Related Terms

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Jewett-Cameron Trading Co (Jewett-Cameron Trading Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Jewett-Cameron Trading Co Ltd (NAS:JCTCF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

32275 North West Hillcrest, P.O. Box 1010, North Plains, OR, USA, 97133

Website

https://www.jewettcameron.com

Jewett-Cameron Trading Co Ltd through its subsidiaries engages in the wholesale distribution of a variety of specialty wood products. Its operating segments include, The Industrial wood products segment is engaged in the processing and distribution of industrial wood products. The Pet Fencing and Other segment, which is the key revenue driver, operates as a wholesaler of wood products and a manufacturer and distributor of specialty metal products. The Seed processing and sales segment processes and distributes agricultural seed and Corporate and administrative. The company predominantly operates in United States and also has its presence in Canada, Latin America, Europe and Asia and other regions.

Executives

Chad Michael Summers	director, officer: Chief Executive Officer	2615 COEUR D'ALENE DR, WEST LINN OR 97065
Van Domelen Mitchell David	officer: CFO and Corporate Secretary	17492 NW COUNTRY DRIVE, PORTLAND OR 97223
Michael Charles Nasser	10 percent owner, officer: Corporate Secretary	3150 S.W. 72ND, PORTLAND OR 97225
Oregon Community Foundation	10 percent owner	1221 SW YAMHILL #100, PORTLAND OR 97205
Donald Boone Irrev Trust	10 percent owner	C/O RIVERVIEW TRUST COMPANY, 900 WASHINGTON ST, SUITE 900, VANCOUVER WA 98660
Donald M Boone	director, 10 percent owner, officer: President/CEO/Treasurer	PO BOX 1010, N PLAINS OR 97133
Chris Joseph Karlin	director	1822 PROSPECT AVE, HOOD RIVER OR 97031
Sarah Kathleen Johnson	director	810 NE 22ND AVE, PORTLAND OR 97232
Geoffrey Gaddy Guilfoy	director	1260 NW NAITO PARKWAY #704, PORTLAND OR 97209
Charles E. Hopewell	director, officer: President and CEO	P.O. BOX 1010, NORTH PLAINS OR 97133
Frank Gerald Magdlen	director	13620 SE MAPLE LANE, MILWAUKIE OR 97222
Ted A Sharp	director	428 CRYSTAL SPRINGS LN, KEIZER OR 97303
Ralph Elton Lodewick	director	5945 NW SEWELL RD, HILLSBORO OR 97124
Murray George Smith	officer: Chief Financial Officer	11920 SOUTHERN HIGHLANDS PARKWAY,, SUITE 200, LAS VEGAS NV 89141
Thomas Robert Rice	officer: Chief Financial Officer	P.O. BOX 1010, NORTH PLAINS OR 97133