AITX (Artificial Intelligence Technology Solutions) Days Sales Outstanding : 49.51 (As of Nov. 2024)

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What is Artificial Intelligence Technology Solutions Days Sales Outstanding?

Artificial Intelligence Technology Solutions's average Accounts Receivable for the three months ended in Nov. 2024 was $0.95 Mil. Artificial Intelligence Technology Solutions's Revenue for the three months ended in Nov. 2024 was $1.75 Mil. Hence, Artificial Intelligence Technology Solutions's Days Sales Outstanding for the three months ended in Nov. 2024 was 49.51.

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: 53.67 Med: 79.48 Max: 260.71
Current: 53.67

During the past 13 years, Artificial Intelligence Technology Solutions's highest Days Sales Outstanding was 260.71. The lowest was 53.67. And the median was 79.48.

AITX's Days Sales Outstanding is ranked better than
56.59% of 1032 companies
in the Business Services industry
Industry Median: 59.325 vs AITX: 53.67

Artificial Intelligence Technology Solutions's Days Sales Outstanding declined from Nov. 2023 (58.54) to Nov. 2024 (49.51).

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.

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Artificial Intelligence Technology Solutions Days Sales Outstanding Chart

Artificial Intelligence Technology Solutions Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Days Sales Outstanding

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62.93

75.33

66.59

95.09

83.63

Artificial Intelligence Technology Solutions Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Days Sales Outstanding	Get a 7-Day Free Trial															58.54	66.98	52.91	42.98	49.51

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

For the Rental & Leasing Services 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 Business Services Industry

For the Business Services industry and Industrials 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.

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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. 2024 is calculated as

	Days Sales Outstanding (A: Feb. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )	/	Revenue (A: Feb. 2024 )	*	Days in Period
=	( (0.265	+	0.756)	/	2 )	/	2.228	*	365
=	0.5105					/	2.228	*	365
=	83.63

Artificial Intelligence Technology Solutions's Days Sales Outstanding for the quarter that ended in Nov. 2024 is calculated as:

	Days Sales Outstanding (Q: Nov. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Aug. 2024 )	+	Accounts Receivable (A: Nov. 2024 ))	/	count )	/	Revenue (A: Nov. 2024 )	*	Days in Period
=	( (0.65	+	1.25)	/	2 )	/	1.751	*	365 / 4
=	0.95					/	1.751	*	365 / 4
=	49.51

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

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Artificial Intelligence Technology Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Artificial Intelligence Technology Solutions Inc (OTCPK:AITX) » Definitions » Days Sales Outstanding

Comparable Companies

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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 for the development of powerful tools such as RADSOC, RADPMC, and RADGuard. The company generates the majority of its revenue from device rental activities.