Artificial Intelligence Technology Solutions (Artificial Intelligence Technology Solutions) Days Payable : 945.04 (As of Nov. 2023)

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What is Artificial Intelligence Technology Solutions Days Payable?

Artificial Intelligence Technology Solutions's average Accounts Payable for the three months ended in Nov. 2023 was $1.41 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 Payable for the three months ended in Nov. 2023 was 945.04.

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

AITX' s Days Payable Range Over the Past 10 Years
Min: 622.33 Med: 3359.39 Max: 72014.5
Current: 900.6

During the past 12 years, Artificial Intelligence Technology Solutions's highest Days Payable was 72014.50. The lowest was 622.33. And the median was 3359.39.

AITX's Days Payable is ranked better than
98.72% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs AITX: 900.60

Artificial Intelligence Technology Solutions's Days Payable increased from Nov. 2022 (934.95) to Nov. 2023 (945.04). It may suggest that Artificial Intelligence Technology Solutions delayed paying its suppliers.

Artificial Intelligence Technology Solutions Days Payable Historical Data

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

Artificial Intelligence Technology Solutions Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Payable

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72,014.50

5,716.16

4,690.99

904.01

622.33

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 Payable	Get a 7-Day Free Trial															934.95	511.04	1,343.18	1,339.53	945.04

Competitive Comparison of Artificial Intelligence Technology Solutions's Days Payable

For the Computer Hardware subindustry, Artificial Intelligence Technology Solutions's Days Payable, along with its competitors' market caps and Days Payable 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 Payable Distribution in the Hardware Industry

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

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

Artificial Intelligence Technology Solutions Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Artificial Intelligence Technology Solutions's Days Payable for the fiscal year that ended in Feb. 2023 is calculated as

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (0.969	+	1.343)	/	2 )	/	0.678	*	365
=	1.156					/	0.678	*	365
=	622.33

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

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (1.277	+	1.54)	/	2 )	/	0.136	*	365 / 4
=	1.4085					/	0.136	*	365 / 4
=	945.04

Artificial Intelligence Technology Solutions Days Payable Related Terms

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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 Payable

Comparable Companies

Traded in Other Exchanges

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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.