Artificial Intelligence Technology Solutions (Artificial Intelligence Technology Solutions) Change In Receivables : $0.11 Mil (TTM As of Nov. 2023)

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What is Artificial Intelligence Technology Solutions Change In Receivables?

Artificial Intelligence Technology Solutions's change in receivables for the quarter that ended in Nov. 2023 was $-0.25 Mil. It means Artificial Intelligence Technology Solutions's Accounts Receivable increased by $0.25 Mil from Aug. 2023 to Nov. 2023 .

Artificial Intelligence Technology Solutions's change in receivables for the fiscal year that ended in Feb. 2023 was $0.12 Mil. It means Artificial Intelligence Technology Solutions's Accounts Receivable declined by $0.12 Mil from Feb. 2022 to Feb. 2023 .

Artificial Intelligence Technology Solutions's Accounts Receivable for the quarter that ended in Nov. 2023 was $0.51 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Artificial Intelligence Technology Solutions's Days Sales Outstanding for the three months ended in Nov. 2023 was 77.19.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Artificial Intelligence Technology Solutions's liquidation value for the three months ended in Nov. 2023 was $-41.74 Mil.

Artificial Intelligence Technology Solutions Change In Receivables Historical Data

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

Artificial Intelligence Technology Solutions Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Change In Receivables

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-0.01

-0.07

-0.34

0.12

Artificial Intelligence Technology Solutions Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Change In Receivables	Get a 7-Day Free Trial															-0.10	0.38	-0.14	0.12	-0.25

Artificial Intelligence Technology Solutions Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.11 Mil.

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

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Artificial Intelligence Technology Solutions's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.505	/	0.597	*	91
=	77.19

2. In Ben Graham's calculation of liquidation value, Artificial Intelligence Technology Solutions's accounts receivable are only considered to be worth 75% of book value:

Artificial Intelligence Technology Solutions's liquidation value for the quarter that ended in Nov. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.097	-	43.329	+	0.75 * 0.505	+	0.5 * 2.22
=	-41.74

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

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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.