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Artificial Intelligence Technology Solutions Inc   (AITX)
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    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 

Artificial Intelligence Technology Solutions Inc Inventory Turnover Ratio (COS)

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



AITX Inventory Turnover Ratio (Aug 31 2020)
II. Quarter
(May 31 2020)
I. Quarter
(Feb 29 2020)
IV. Quarter
(Nov 30 2019)
III. Quarter
(Aug 31 2019)
II. Quarter
Y / Y Inventory Growth -86.14 % -89.94 % -90.94 % -89.73 % -32.65 %
Y / Y Cost of Sales Growth -94.95 % 4476.35 % -93.82 % -99.95 % 2179.89 %
Inventory Turnover Ratio (TTM) 27.6 21.49 11.39 60.66 90.16
Total Ranking # 161 # 160 # 386 # 93 # 23
Average inventory processing period 13 17 32 6 4
Seq. Inventory Growth 0 % 0 % 0 % -86.14 % -27.4 %
Seq. Cost of Sales Growth 287.63 % -98.53 % 12659.2 % -99.3 % 350868.47 %


AITX Inventory Turnover Ratio Comment
Artificial Intelligence Technology Solutions Inc inventory turnover ratio sequentially increased to 27.6 in the second quarter 2020, below company average. Average inventory processing period, for the Artificial Intelligence Technology Solutions Inc in Aug 31 2020 quarter, has decreased to 13 days, compare to 17 days, in the May 31 2020 quarter.

Within Financial sector 7 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has impoved so far to 164, from total ranking in previous quarter at 224.

AITX Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Artificial Intelligence Technology Solutions Inc Market Share?
Inventory Turnover Ratio Company Ranking
Within: No.
Blank Checks Industry # 4
Financial Sector # 8
Overall Market # 162

Inventory Turnover Ratio Statistics
High Average Low
90.16 41.65 3.88
(Aug 31 2019)   (June 30. 2014)




Financial Statements
Artificial Intelligence Technology Solutions Inc 's Inventories $ 0 Millions Visit AITX's Balance sheet
Artificial Intelligence Technology Solutions Inc 's Cost of Revenues TTM $ 1 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
Blank Checks Industry Inventory Turnover Trends and Statistics
Financial Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
AITX's Inventory Turnover Ratio versus Blank Checks Industry, Financial 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 Aug 31 2020, within Financial Sector Inventory Turnover Ratio Cost of revenues at quarter ending Aug 31 2020 Inventories at quarter ending Aug 31 2020
Rayonier Inc   52.99 $ 685.516  Millions$ 13  Millions
Cigna Corporation  49.94 $ 132,280.000  Millions$ 2,649  Millions
Concrete Pumping Holdings Inc   31.98 $ 166.998  Millions$ 5  Millions
Steel Connect Inc   30.75 $ 568.413  Millions$ 18  Millions
Artificial Intelligence Technology Solutions Inc   27.60 $ 0.684  Millions$ 0  Millions
Simplicity Esports and Gaming Co  20.75 $ 0.463  Millions$ 0  Millions
Weyerhaeuser Company  12.48 $ 5,356.000  Millions$ 429  Millions
Cpi Card Group Inc   12.11 $ 237.266  Millions$ 20  Millions
Potlatchdeltic Corporation  11.60 $ 673.465  Millions$ 58  Millions
Exceed World Inc   10.83 $ 10.536  Millions$ 1  Millions
Nesco Holdings Inc   9.56 $ 302.417  Millions$ 32  Millions
Heritage Global Inc   9.36 $ 4.069  Millions$ 0  Millions
Makingorg Inc   8.01 $ 0.147  Millions$ 0  Millions
Biomerica Inc  7.34 $ 29.967  Millions$ 4  Millions
Fortune Valley Treasures Inc   7.21 $ 0.252  Millions$ 0  Millions
Greenland Technologies Holding Corp   6.71 $ 74.787  Millions$ 11  Millions


       
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