Artificial Intelligence Technology Solutions (Artificial Intelligence Technology Solutions) Days Sales Outstanding : 58.54 (As of Nov. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Artificial Intelligence Technology Solutions Days Sales Outstanding?

Artificial Intelligence Technology Solutions's average Accounts Receivable for the three months ended in Nov. 2023 was $0.38 Mil. Artificial Intelligence Technology Solutions's Revenue for the three months ended in Nov. 2023 was $0.60 Mil. Hence, Artificial Intelligence Technology Solutions's Days Sales Outstanding for the three months ended in Nov. 2023 was 58.54.

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

AITX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 61.98 Med: 75.33 Max: 260.71
Current: 83.74

During the past 12 years, Artificial Intelligence Technology Solutions's highest Days Sales Outstanding was 260.71. The lowest was 61.98. And the median was 75.33.

AITX's Days Sales Outstanding is ranked worse than
58.48% of 2459 companies
in the Hardware industry
Industry Median: 74.61 vs AITX: 83.74

Artificial Intelligence Technology Solutions's Days Sales Outstanding declined from Nov. 2022 (102.94) to Nov. 2023 (58.54).

Artificial Intelligence Technology Solutions Days Sales Outstanding Historical Data

The historical data trend for Artificial Intelligence Technology Solutions's Days Sales Outstanding 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.

Artificial Intelligence Technology Solutions Days Sales Outstanding Chart

Artificial Intelligence Technology Solutions Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Sales Outstanding

Get a 7-Day Free Trial

107.91

62.93

75.33

66.59

95.09

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 Sales Outstanding	Get a 7-Day Free Trial															102.94	120.07	77.86	77.18	58.54

Competitive Comparison of Artificial Intelligence Technology Solutions's Days Sales Outstanding

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

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

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

Artificial Intelligence Technology Solutions Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

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

	Days Sales Outstanding (A: Feb. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Feb. 2022 )	+	Accounts Receivable (A: Feb. 2023 ))	/	count )	/	Revenue (A: Feb. 2023 )	*	Days in Period
=	( (0.429	+	0.265)	/	2 )	/	1.332	*	365
=	0.347					/	1.332	*	365
=	95.09

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

	Days Sales Outstanding (Q: Nov. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Aug. 2023 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )	/	Revenue (A: Nov. 2023 )	*	Days in Period
=	( (0.261	+	0.505)	/	2 )	/	0.597	*	365 / 4
=	0.383					/	0.597	*	365 / 4
=	58.54

Artificial Intelligence Technology Solutions (OTCPK:AITX) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Artificial Intelligence Technology Solutions Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Artificial Intelligence Technology Solutions's Days Sales Outstanding 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 Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

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.