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Artificial Intelligence Technology Solutions Inc   (AITX)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 

Artificial Intelligence Technology Solutions Inc Accounts Receivables Turnover Ratio from the third quarter 2024 to the third quarter 2023

Quarterly Results, Trends, Rankings, Statistics


Artificial Intelligence Technology Solutions Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2024 to a ratio of 4.63, above the company average. This is a clear sign of healthy business climate in the Software & Programming industry and improving liquidity at their respective customers, during the third quarter 2024. Average receivable collection period, for the Artificial Intelligence Technology Solutions Inc in Nov 30 2023 quarter, has decreased to 79 days, compared to 87 days, in the Aug 31 2023 quarter.

If we take a look into Technology sector 387 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 1969, from overall ranking in the second quarter 2024 at 2949.

What is Receivable Turnover Ratio?
What is Artificial Intelligence Technology Solutions Inc Selling?


What is Receivable Turnover Ratio?




AITX Receivables Turnover Ratio (Nov 30 2023)
III. Quarter
(Aug 31 2023)
II. Quarter
(May 31 2023)
I. Quarter
(Feb 28 2023)
IV. Quarter
(Nov 30 2022)
III. Quarter
Y / Y Receivable Change 8.92 % -41.11 % 7.43 % -38.29 % 65.14 %
Y / Y Revenue Change 48.36 % 42.53 % 0.01 % -25.42 % 7.62 %
Receivable Turnover Ratio (TTM) 4.63 4.2 3.42 3.48 3.36
AITX's Total Ranking # 1969 # 2949 # 2960 # 2936 # 3224
Average receivable collection period 79 87 107 105 109
Seq. Receivable Change 93.9 % -33.47 % 47.84 % -42.89 % 4.83 %
Seq. Revenue Change 54.51 % 0.3 % 39.11 % -31.18 % 48.44 %


Receivable Turnover Company Ranking
Within: No.
Software & Programming Industry # 116
Technology Sector # 388
Overall Market # 1969

Receivable Turnover Ratio Statistics
High Average Low
13.34 0.08 -17.35
(Nov 30 2018)   (Nov 30 2019)






Financial Statements
Artificial Intelligence Technology Solutions Inc 's Accounts Receivable $ 1 Millions Visit AITX's Balance sheet
Artificial Intelligence Technology Solutions Inc 's Sales TTM $ 2 Millions Visit AITX's Income Statement
Where are AITX's Sales coming from? Visit AITX's Sales by Geography

Other Accounts Receivable Turnover Ratios
Software & Programming Industry Accounts Receivable Turnover Trends and Statistics
Technology Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
AITX's Receivable Turnover Ratio versus Software & Programming Industry, Technology Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for AITX's Competitors
Receivables Turnover Ratio for AITX's Suppliers
Accounts Receivables Turnover Ratio for AITX's Customers

You may also want to know
AITX's Growth Rates AITX's Roa AITX's Inventory Turnover Ratio AITX's Dividend Comparisons
AITX's Profitability Ratios AITX's Roi AITX's Asset Turnover Ratio AITX's Dividend Growth
AITX's Valuation Ratios AITX's Roe AITX's Financial Strength Ratios AITX's Dividend Payout Ratio



Companies with similar Receivables Turnover Ratio for the quarter ending Nov 30 2023, within Technology Sector Receivable Turnover Ratio Revenues for 12 Months ending Nov 30 2023 Receivable at quarter ending Nov 30 2023
On Semiconductor Corporation  8.88 $ 8,252.500  Millions$ 929.725  Millions
Super Micro Computer Inc   8.88 $ 9,250.700  Millions$ 1,042.254  Millions
Cadence Design Systems Inc   8.87 $ 4,089.986  Millions$ 461.220  Millions
R1 Rcm Inc   8.86 $ 2,254.200  Millions$ 254.400  Millions
Presto Automation inc   8.82 $ 18.641  Millions$ 2.113  Millions
Alkami Technology Inc   8.77 $ 266.237  Millions$ 30.360  Millions
Truecar inc   8.76 $ 158.706  Millions$ 18.114  Millions
Meridianlink inc   8.73 $ 303.126  Millions$ 34.728  Millions
Factset Research Systems Inc   8.68 $ 2,122.909  Millions$ 244.546  Millions
Cirrus Logic Inc   8.66 $ 1,788.269  Millions$ 206.417  Millions
Materion Corporation  8.59 $ 1,665.042  Millions$ 193.772  Millions
Aspen Technology inc   8.58 $ 1,055.638  Millions$ 122.990  Millions
Matterport Inc   8.44 $ 157.490  Millions$ 18.649  Millions
Inseego Corp   8.44 $ 195.454  Millions$ 23.168  Millions
Mercury Systems Inc   8.44 $ 895.169  Millions$ 106.119  Millions
Sohu com Limited  8.38 $ 599.915  Millions$ 71.618  Millions
Ichor Holdings Ltd   8.34 $ 810.396  Millions$ 97.131  Millions
Nve Corp  8.32 $ 35.519  Millions$ 4.270  Millions
Innodata inc  8.31 $ 86.775  Millions$ 10.446  Millions
Repositrak Inc   8.31 $ 532.398  Millions$ 64.104  Millions
The Glimpse Group Inc   8.30 $ 11.315  Millions$ 1.363  Millions
Secureworks Corp   8.29 $ 463.475  Millions$ 55.903  Millions
Apple Inc   8.29 $ 385,706.000  Millions$ 46,543.000  Millions
Duolingo Inc   8.28 $ 531.004  Millions$ 64.150  Millions
Grindr Inc   8.28 $ 259.691  Millions$ 31.380  Millions
Nvidia Corp  8.27 $ 60,922.000  Millions$ 7,363.500  Millions
Bandwidth Inc   8.24 $ 600.157  Millions$ 72.822  Millions
Iridium Communications Inc   8.21 $ 790.723  Millions$ 96.304  Millions
N able Inc   8.06 $ 421.672  Millions$ 52.342  Millions
Nortech Systems Incorporated  8.04 $ 139.104  Millions$ 17.312  Millions

Date modified: 2024-01-17T11:17:35+00:00



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