Artificial Intelligence Technology Solutions Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Due to inventory build up in the first quarter 2026, Artificial Intelligence Technology Solutions Inc 's inventory turnover ratio sequentially decreased to 1.51 in the first quarter 2026, unsurprisingly, as the Artificial Intelligence Technology Solutions Inc markets continue to deteriorate, and AITX's faces growing challenges to bring down its inventories. Artificial Intelligence Technology Solutions Inc 's average inventory processing period in the May 31 2026 quarter, has increased to 242 days, from 234 days, in the Feb 28 2026 quarter.

Within Technology sector 280 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 1519 in the fourth quarter 2026, to 1672.

AITX Inventory Turnover Ratio using Sales Formula
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What is Inventory Turnover Ratio?

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AITX Inventory Turnover Ratio	(May 31 2026) I. Quarter	(Feb 28 2026) IV. Quarter	(Nov 30 2025) III. Quarter	(Aug 31 2025) II. Quarter	(May 31 2025) I. Quarter
Y / Y Inventory Growth	20.25 %	-16.73 %	-25.7 %	-47.89 %	-37.35 %
Y / Y Cost of Sales Growth	4.19 %	-63.46 %	22.97 %	-30.71 %	110.2 %
Inventory Turnover Ratio (TTM)	1.51	1.56	1.65	1.4	1.34
AITX's Total Ranking	# 1672	# 1519	# 53	# 1084	# 1758
Average inventory processing period	241	234	222	260	272
Seq. Inventory Growth	4.57 %	-16.73 %	47.29 %	-6.24 %	-27.59 %
Seq. Cost of Sales Growth	417.6 %	-82.38 %	30.49 %	-12.47 %	81.52 %

Inventory Turnover Ratio Company Ranking
Within:	No.
Software & Programming Industry	# 28
Technology Sector	# 281
Overall Market	# 1672

Inventory Turnover Ratio Statistics
High	Average	Low
83.52	9.39	0.3
(Aug 31 2019)		(May 31 2023)

AITX Company Profile >> Back to AITX Efficiency Comparisons >> Compare AITX Inventory Turnover Ratio to its Competitors

Financial Statements
Artificial Intelligence Technology Solutions Inc 's Inventories	$ 1 Millions	Visit AITX's Balance sheet
Artificial Intelligence Technology Solutions Inc 's Cost of Revenues TTM	$ 2 Millions	Visit AITX's Income Statement
What are AITX's Sales?		Visit AITX's Sales by Segment

Other Inventory Turnover Ratios
Artificial Intelligence Technology Solutions Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Software & Programming Industry Inventory Turnover Trends and Statistics
Technology Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
AITX's Inventory Turnover Ratio versus Software & Programming Industry, Technology Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for AITX's Competitors
Inventory Turnover Ratio for AITX's Suppliers
Inventory Turnover Ratio for AITX's Customers

You may also want to know
AITX's Sales Growth Rates	AITX's Pe Price to earnings ratio	AITX's Receivables Turnover Ratio	AITX's Stock Quote
AITX's Net Income Growth Rates	AITX's Ps Price to Sales ratio	AITX's Sales per Employee	AITX's Asset Turnover Ratio
AITX's Net Margin	AITX's Pb Price to Book ratio	AITX's Financial Strength Ratios	AITX's Dividend Payout Ratio

Companies with similar Inventory Turnover Ratio for the quarter ending May 31 2026, within Technology Sector	Inventory Turnover Ratio	Cost of revenues at quarter ending May 31 2026	Inventories at quarter ending May 31 2026
Ribbon Communications inc	4.00	$ 328.257 Millions	$ 82 Millions
Vertiv Holdings Co	3.92	$ 7,112.900 Millions	$ 1,813 Millions
Ultra Clean Holdings Inc	3.92	$ 1,848.200 Millions	$ 471 Millions
Lgl Group Inc	3.87	$ 1.422 Millions	$ 0 Millions
Alarm com Holdings Inc	3.86	$ 362.763 Millions	$ 94 Millions
Fatpipe Inc	3.85	$ 1.892 Millions	$ 0 Millions
Danaher Corporation	3.78	$ 10,416.000 Millions	$ 2,758 Millions
Energous Corporation	3.76	$ 6.108 Millions	$ 2 Millions
Eastman Kodak Company	3.58	$ 861.000 Millions	$ 241 Millions
Ichor Holdings Ltd	3.57	$ 907.801 Millions	$ 254 Millions
Mirion Technologies Inc	3.46	$ 532.700 Millions	$ 154 Millions
Ieh Corp	3.45	$ 25.393 Millions	$ 7 Millions
Corsair Gaming Inc	3.44	$ 993.047 Millions	$ 289 Millions
Bio Key International Inc	3.38	$ 1.252 Millions	$ 0 Millions
Gct Semiconductor Holding Inc	3.38	$ 4.958 Millions	$ 1 Millions
Mobileye Global inc	3.37	$ 1,061.000 Millions	$ 315 Millions
Mesa Laboratories Inc	3.34	$ 89.126 Millions	$ 27 Millions
Silicon Laboratories Inc	3.34	$ 337.515 Millions	$ 101 Millions
Owlet Inc	3.33	$ 53.042 Millions	$ 16 Millions
Rockwell Automation Inc	3.29	$ 4,080.000 Millions	$ 1,241 Millions
Adtran Holdings Inc	3.27	$ 700.195 Millions	$ 214 Millions
Ondas Inc	3.26	$ 98.368 Millions	$ 30 Millions
Penguin Solutions Inc	3.25	$ 1,082.499 Millions	$ 333 Millions
Shoals Technologies Group Inc	3.24	$ 399.847 Millions	$ 123 Millions
M tron Industries Inc	3.23	$ 32.428 Millions	$ 10 Millions
Vuzix Corp	3.23	$ 6.968 Millions	$ 2 Millions
Harmonic Inc	3.22	$ 188.304 Millions	$ 59 Millions
Park ohio Holdings Corp	3.21	$ 1,368.200 Millions	$ 426 Millions
Universal Electronics Inc	3.14	$ 232.332 Millions	$ 74 Millions
Nvidia Corp	3.11	$ 76,728.000 Millions	$ 24,640 Millions

Date modified: 2026-09-08T15:11:45+00:00

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