Artificial Intelligence Technology Solutions Inc (OMVS) Inventory Turnover Ratio, from third quarter 2023 to third quarter 2022, current and historic results, rankings and more, Quarterly Fundamentals - CSIMarket
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Artificial Intelligence Technology Solutions Inc   (OMVS)
 

Artificial Intelligence Technology Solutions Inc Inventory Turnover Ratio (COS)

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

Artificial Intelligence Technology Solutions Inc 's inventory turnover ratio, the ratio that measures Artificial Intelligence Technology Solutions Inc 's ability to manage its supply chain, sequentially decreased to 0.4 in the third quarter 2022, which does not come as a surprise, as the Artificial Intelligence Technology Solutions Inc continue to experience headwinds, which also impact its supply chain. Artificial Intelligence Technology Solutions Inc 's average inventory processing period in the Nov 30 2022 quarter, has increased to 913 days, from 890 days, in the Aug 31 2022 quarter.

Within Consumer Discretionary sector 166 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 1808 in the second quarter 2023, to 2062.

OMVS Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Artificial Intelligence Technology Solutions Inc Market Share?

What is Inventory Turnover Ratio?



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OMVS Inventory Turnover Ratio (Nov 30 2022)
III. Quarter		 (Aug 31 2022)
II. Quarter		 (May 31 2022)
I. Quarter		 (Feb 28 2022)
IV. Quarter		 (Aug 31 2021)
II. Quarter
Y / Y Inventory Growth 213.47 % - 799.84 % - -
Y / Y Cost of Sales Growth 200.23 % -99.07 % 262.26 % - -51.99 %
Inventory Turnover Ratio (TTM) 0.4 0.41 4.64 7.27 22.88
OMVS's Total Ranking # 2062 # 1808 # 0 # 0 #
Average inventory processing period 913 880 79 50 16
Seq. Inventory Growth -6.72 % 1.97 % 5.13 % 213.47 % -
Seq. Cost of Sales Growth 268.15 % -88.35 % 66.3 % 320.99 % -98.86 %




Inventory Turnover Ratio Company Ranking
Within: No.
Auto & Truck Parts Industry # 44
Consumer Discretionary Sector # 167
Overall Market # 2062

Inventory Turnover Ratio Statistics
High Average Low
0.41 0.41 0.4
(Aug 31 2022)   (Nov 30 2022)



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

Financial Statements
Artificial Intelligence Technology Solutions Inc 's Inventories $ 2 Millions Visit OMVS's Balance sheet
Artificial Intelligence Technology Solutions Inc 's Cost of Revenues TTM $ 1 Millions Visit OMVS's Income Statement
What are OMVS's Sales? Visit OMVS'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
Auto & Truck Parts Industry Inventory Turnover Trends and Statistics
Consumer Discretionary Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
OMVS's Inventory Turnover Ratio versus Auto & Truck Parts Industry, Consumer Discretionary Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for OMVS's Competitors
Inventory Turnover Ratio for OMVS's Suppliers
Inventory Turnover Ratio for OMVS's Customers

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



Companies with similar Inventory Turnover Ratio for the quarter ending Nov 30 2022, within Consumer Discretionary Sector Inventory Turnover Ratio Cost of revenues at quarter ending Nov 30 2022 Inventories at quarter ending Nov 30 2022
Figs Inc   1.05 $ 151.375  Millions$ 144  Millions
Energy Focus Inc  0.96 $ 6.286  Millions$ 7  Millions
Cenntro Inc   0.92 $ 9.456  Millions$ 10  Millions
American Outdoor Brands Inc   0.89 $ 105.785  Millions$ 119  Millions
Tandy Leather Factory Inc  0.85 $ 33.838  Millions$ 40  Millions
Irobot Corporation  0.77 $ 275.179  Millions$ 358  Millions
Artificial Intelligence Technology Solutions Inc   0.40 $ 0.631  Millions$ 2  Millions
Securetech Innovations Inc   0.38 $ 0.013  Millions$ 0  Millions
Envirotech Vehicles Inc   0.31 $ 2.000  Millions$ 6  Millions
Capstone Companies Inc   0.30 $ 0.257  Millions$ 1  Millions
Innovative Designs Inc   0.25 $ 0.132  Millions$ 1  Millions
Trutankless Inc   0.19 $ 0.023  Millions$ 0  Millions

Date modified: 2026-09-18T17:52:19+00:00




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