Jewett-Cameron Trading Co (Jewett-Cameron Trading Co) Operating Income

: $0.13 Mil (TTM As of Feb. 2024)

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Jewett-Cameron Trading Co's Operating Income for the three months ended in Feb. 2024 was $-0.73 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2024 was $0.13 Mil.

Warning Sign:

Jewett-Cameron Trading Co Ltd had lost money in 50% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Jewett-Cameron Trading Co's Operating Income for the three months ended in Feb. 2024 was $-0.73 Mil. Jewett-Cameron Trading Co's Revenue for the three months ended in Feb. 2024 was $8.23 Mil. Therefore, Jewett-Cameron Trading Co's Operating Margin % for the quarter that ended in Feb. 2024 was -8.83%.

Warning Sign:

Jewett-Cameron Trading Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -32.5%.

Jewett-Cameron Trading Co's 5-Year average Growth Rate for Operating Margin % was -32.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jewett-Cameron Trading Co's annualized ROC % for the quarter that ended in Feb. 2024 was -9.64%. Jewett-Cameron Trading Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was -12.96%.

Jewett-Cameron Trading Co Operating Income Historical Data

The historical data trend for Jewett-Cameron Trading Co's Operating Income 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.

* Premium members only.

Jewett-Cameron Trading Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Operating Income

2.74

3.86

3.74

1.97

0.43

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
Operating Income																-1.21	1.25	0.40	-0.79	-0.73

Jewett-Cameron Trading Co Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.13 Mil.

Jewett-Cameron Trading Co (NAS:JCTCF) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Jewett-Cameron Trading Co's annualized ROC % for the quarter that ended in Feb. 2024 is calculated as:

	ROC % (Q: Feb. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Nov. 2023 )	+	Invested Capital (Q: Feb. 2024 ))	/ count )
=	-2.908 * ( 1 - 24.47% )	/	( (21.831	+	23.737)	/ 2 )
=	-2.1964124	/	22.784
=	-9.64 %

where

	Invested Capital		(Q: Nov. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	29.938	-	4.549	-	( 3.558	-	max(0, 4.549	-	25.05	+	3.558	))
=	21.831

	Invested Capital		(Q: Feb. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	28.988	-	4.102	-	( 1.149	-	max(0, 4.102	-	24.199	+	1.149	))
=	23.737

Note: The Operating Income data used here is four times the quarterly (Feb. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Jewett-Cameron Trading Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Feb. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Nov. 2023		Q: Feb. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.908	/	( ( (4.546 + max(16.943, 0))	+	(4.451 + max(18.948, 0)) )	/	2 )
=	-2.908	/	( ( 21.489	+	23.399 )	/	2 )
=	-2.908	/	22.444
=	-12.96 %

where Working Capital is:

	Working Capital		(Q: Nov. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.365	+	17.513	+	0.614)	-	(4.549	+	0	+	0)
=	16.943

	Working Capital		(Q: Feb. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.676	+	17.577	+	0.797)	-	(4.102	+	0	+	0)
=	18.948

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Jewett-Cameron Trading Co's Operating Margin % for the quarter that ended in Feb. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	-0.727	/	8.229
	=	-8.83 %

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Jewett-Cameron Trading Co Operating Income 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 » Operating Income

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