Artificial Intelligence Technology Solutions (Artificial Intelligence Technology Solutions) Total Assets : $7.14 Mil (As of Nov. 2023)

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What is Artificial Intelligence Technology Solutions Total Assets?

Artificial Intelligence Technology Solutions's Total Assets for the quarter that ended in Nov. 2023 was $7.14 Mil.

During the past 12 months, Artificial Intelligence Technology Solutions's average Total Assets Growth Rate was 30.20% per year. During the past 3 years, the average Total Assets Growth Rate was 152.90% per year. During the past 5 years, the average Total Assets Growth Rate was 61.80% per year. During the past 10 years, the average Total Assets Growth Rate was 68.50% per year.

During the past 12 years, Artificial Intelligence Technology Solutions's highest 3-Year average Total Assets Growth Rate was 333.40%. The lowest was -50.60%. And the median was 101.00%.

Total Assets is connected with ROA %. Artificial Intelligence Technology Solutions's annualized ROA % for the quarter that ended in Nov. 2023 was -217.23%. Total Assets is also linked to Revenue through Asset Turnover. Artificial Intelligence Technology Solutions's Asset Turnover for the quarter that ended in Nov. 2023 was 0.08.

Artificial Intelligence Technology Solutions Total Assets Historical Data

The historical data trend for Artificial Intelligence Technology Solutions's Total Assets 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 Total Assets Chart

Artificial Intelligence Technology Solutions Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Total Assets

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0.59

0.34

1.57

9.28

6.30

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
Total Assets	Get a 7-Day Free Trial															6.12	6.30	5.83	7.47	7.14

Artificial Intelligence Technology Solutions Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

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

Total Assets	=	Total Equity (A: Feb. 2023 )	+	Total Liabilities (A: Feb. 2023 )
	=	-31.843	+	38.14
	=	6.30

Artificial Intelligence Technology Solutions's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	-36.193	+	43.329
	=	7.14

Artificial Intelligence Technology Solutions (OTCPK:AITX) Total Assets Explanation

Total Assets is connected with ROA %.

Artificial Intelligence Technology Solutions's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	-15.864	/	( (7.47	+	7.136)	/ 2 )
	=	-15.864	/	7.303
	=	-217.23 %

Note: The Net Income data used here is four times the quarterly (Nov. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Artificial Intelligence Technology Solutions's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	0.597	/	( (7.47	+	7.136)	/ 2 )
=	0.597	/	7.303
=	0.08

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Artificial Intelligence Technology Solutions Total Assets 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 » Total Assets

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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.