Artificial Intelligence Technology Solutions (Artificial Intelligence Technology Solutions) Days Inventory : 1,311.72 (As of Nov. 2023)

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What is Artificial Intelligence Technology Solutions Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Artificial Intelligence Technology Solutions's Average Total Inventories for the three months ended in Nov. 2023 was $1.96 Mil. Artificial Intelligence Technology Solutions's Cost of Goods Sold for the three months ended in Nov. 2023 was $0.14 Mil. Hence, Artificial Intelligence Technology Solutions's Days Inventory for the three months ended in Nov. 2023 was 1,311.72.

The historical rank and industry rank for Artificial Intelligence Technology Solutions's Days Inventory or its related term are showing as below:

AITX' s Days Inventory Range Over the Past 10 Years
Min: 165.74 Med: 750.23 Max: 21498.5
Current: 1163.94

During the past 12 years, Artificial Intelligence Technology Solutions's highest Days Inventory was 21498.50. The lowest was 165.74. And the median was 750.23.

AITX's Days Inventory is ranked worse than
98.8% of 2407 companies
in the Hardware industry
Industry Median: 102.45 vs AITX: 1163.94

Artificial Intelligence Technology Solutions's Days Inventory increased from Nov. 2022 (1,163.80) to Nov. 2023 (1,311.72). It might indicate that Artificial Intelligence Technology Solutions's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Artificial Intelligence Technology Solutions's Inventory Turnover for the three months ended in Nov. 2023 was 0.07.

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 three months ended in Nov. 2023 was 3.27.

Artificial Intelligence Technology Solutions Days Inventory Historical Data

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

Artificial Intelligence Technology Solutions Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Inventory

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21,498.50

647.44

165.74

615.41

853.01

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
Days Inventory	Get a 7-Day Free Trial															1,163.80	654.03	1,567.80	1,629.68	1,311.72

Competitive Comparison of Artificial Intelligence Technology Solutions's Days Inventory

For the Computer Hardware subindustry, Artificial Intelligence Technology Solutions's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Artificial Intelligence Technology Solutions's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Artificial Intelligence Technology Solutions's Days Inventory distribution charts can be found below:

* The bar in red indicates where Artificial Intelligence Technology Solutions's Days Inventory falls into.

Artificial Intelligence Technology Solutions Days Inventory Calculation

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 fiscal year that ended in Feb. 2023 is calculated as

	Days Inventory (A: Feb. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (1.531	+	1.638)	/	2 )	/	0.678	*	365
=	1.5845					/	0.678	*	365
=	853.01

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

	Days Inventory (Q: Nov. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Aug. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (1.69	+	2.22)	/	2 )	/	0.136	*	365 / 4
=	1.955					/	0.136	*	365 / 4
=	1,311.72

Artificial Intelligence Technology Solutions (OTCPK:AITX) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Artificial Intelligence Technology Solutions's Inventory Turnover for the three months ended in Nov. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.136	/	1.955
	=	0.07

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.

Artificial Intelligence Technology Solutions's Inventory to Revenue for the three months ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.955	/	0.597
	=	3.27

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Artificial Intelligence Technology Solutions Days Inventory Related Terms

Thank you for viewing the detailed overview of Artificial Intelligence Technology Solutions's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

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

Industry

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