Artificial Intelligence Technology Solutions (Artificial Intelligence Technology Solutions) COGS-to-Revenue : 0.23 (As of Nov. 2023)

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What is Artificial Intelligence Technology Solutions COGS-to-Revenue?

Artificial Intelligence Technology Solutions's Cost of Goods Sold for the three months ended in Nov. 2023 was $0.14 Mil. Its Revenue for the three months ended in Nov. 2023 was $0.60 Mil.

Artificial Intelligence Technology Solutions's COGS to Revenue for the three months ended in Nov. 2023 was 0.23.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Artificial Intelligence Technology Solutions's Gross Margin % for the three months ended in Nov. 2023 was 77.22%.

Artificial Intelligence Technology Solutions COGS-to-Revenue Historical Data

The historical data trend for Artificial Intelligence Technology Solutions's COGS-to-Revenue 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 COGS-to-Revenue Chart

Artificial Intelligence Technology Solutions Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

COGS-to-Revenue

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0.04

0.32

0.27

0.33

0.51

Artificial Intelligence Technology Solutions Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
COGS-to-Revenue	Get a 7-Day Free Trial															0.31	0.81	0.24	0.23	0.23

Artificial Intelligence Technology Solutions COGS-to-Revenue Calculation

Artificial Intelligence Technology Solutions's COGS to Revenue for the fiscal year that ended in Feb. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.678	/	1.332
	=	0.51

Artificial Intelligence Technology Solutions's COGS to Revenue for the quarter that ended in Nov. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.136	/	0.597
	=	0.23

Artificial Intelligence Technology Solutions (OTCPK:AITX) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Artificial Intelligence Technology Solutions's Gross Margin % for the three months ended in Nov. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.136 / 0.597
	=	77.22 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

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Artificial Intelligence Technology Solutions (Artificial Intelligence Technology Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Artificial Intelligence Technology Solutions Inc (OTCPK:AITX) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

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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 leading to the development of powerful tools such as RADSOC, RADPMC, and RADGuard.