Artificial Intelligence Technology Solutions (Artificial Intelligence Technology Solutions) Change In Inventory : $-3.55 Mil (TTM As of Feb. 2024)

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What is Artificial Intelligence Technology Solutions Change In Inventory?

Artificial Intelligence Technology Solutions's change in inventory for the quarter that ended in Feb. 2024 was $-1.55 Mil. It means Artificial Intelligence Technology Solutions's inventory increased by $1.55 Mil from Nov. 2023 to Feb. 2024 .

Artificial Intelligence Technology Solutions's change in inventory for the fiscal year that ended in Feb. 2024 was $-3.55 Mil. It means Artificial Intelligence Technology Solutions's inventory increased by $3.55 Mil from Feb. 2023 to Feb. 2024 .

Artificial Intelligence Technology Solutions's Total Inventories for the quarter that ended in Feb. 2024 was $2.13 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Artificial Intelligence Technology Solutions's Days Inventory for the quarter that ended in Feb. 2024 was 243.63.

Inventory Turnover measures how fast the company turns over its inventory within a year. Artificial Intelligence Technology Solutions's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.37.

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. Artificial Intelligence Technology Solutions's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 2.53.

Artificial Intelligence Technology Solutions Change In Inventory Historical Data

The historical data trend for Artificial Intelligence Technology Solutions's Change In Inventory 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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Artificial Intelligence Technology Solutions Change In Inventory Chart

Artificial Intelligence Technology Solutions Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Change In Inventory

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-0.01

-0.18

-2.19

-1.16

-3.55

Artificial Intelligence Technology Solutions Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Inventory	Get a 7-Day Free Trial															-0.36	-0.33	-0.62	-1.06	-1.55

Artificial Intelligence Technology Solutions Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory 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 $-3.55 Mil.

Artificial Intelligence Technology Solutions (OTCPK:AITX) Change In Inventory Explanation

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

Artificial Intelligence Technology Solutions's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2.176	/	0.815	*	365 / 4
	=	243.63

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Artificial Intelligence Technology Solutions's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.815	/	2.176
	=	0.37

3. 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.

Artificial Intelligence Technology Solutions's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.176	/	0.859
	=	2.53

Artificial Intelligence Technology Solutions Change In Inventory Related Terms

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Artificial Intelligence Technology Solutions (Artificial Intelligence Technology Solutions) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Artificial Intelligence Technology Solutions Inc (OTCPK:AITX) » Definitions » Change In Inventory

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Address

10800 Galaxie Avenue, Ferndale, MI, USA, 48220

Website

https://aitx.ai

Artificial Intelligence Technology Solutions Inc through its wholly-owned subsidiary delivers robotics and artificial intelligence-based solutions for operational, security, and monitoring needs. It also creates its own software leading to the development of powerful tools such as RADSOC, RADPMC, and RADGuard.