New Horizon Aircraft (New Horizon Aircraft) Change In Inventory : $0.00 Mil (TTM As of May. 2023)

View and export this data going back to 2024. Start your Free Trial

What is New Horizon Aircraft Change In Inventory?

New Horizon Aircraft's change in inventory for the quarter that ended in May. 2023 was $0.00 Mil. It means New Horizon Aircraft's inventory stayed the same from May. 2022 to May. 2023 .

New Horizon Aircraft's change in inventory for the fiscal year that ended in May. 2023 was $0.00 Mil. It means New Horizon Aircraft's inventory stayed the same from May. 2022 to May. 2023 .

New Horizon Aircraft's Total Inventories for the quarter that ended in May. 2023 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. New Horizon Aircraft's Days Inventory for the quarter that ended in May. 2023 was 0.00.

Inventory Turnover measures how fast the company turns over its inventory within a year.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

New Horizon Aircraft Change In Inventory Historical Data

The historical data trend for New Horizon Aircraft's Change In Inventory 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.

* Premium members only.

New Horizon Aircraft Change In Inventory Chart

New Horizon Aircraft Annual Data

Trend

May22

May23

Change In Inventory

New Horizon Aircraft Semi-Annual Data
	May22	May23
Change In Inventory	-	-

New Horizon Aircraft Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Inventory for the trailing twelve months (TTM) ended in May. 2023 was $0.00 Mil.

New Horizon Aircraft (NAS:HOVR) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

New Horizon Aircraft's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0	/	0.323	*	365 / 2
	=	0.00

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

New Horizon Aircraft's Inventory Turnover for the quarter that ended in May. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.323	/	0
	=	N/A

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

New Horizon Aircraft's Inventory to Revenue for the quarter that ended in May. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0
	=	N/A

New Horizon Aircraft Change In Inventory Related Terms

Thank you for viewing the detailed overview of New Horizon Aircraft's Change In Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

New Horizon Aircraft (New Horizon Aircraft) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » New Horizon Aircraft Ltd (NAS:HOVR) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3187 Highway 35, Lindsay, ON, CAN, K9V 4R1

Website

New Horizon Aircraft Ltd is an advanced aerospace Original Equipment Manufacturer that is designing and aiming to build a next-generation hybrid electric vertical take-off and landing aircraft for the regional air mobility market. Its unique aircraft will offer a more efficient way to move people and goods at a regional scale, help to connect remote communities and advance its ability to deal with an increasing number of climate-related natural disasters such as wildfires, Floods and droughts. The company aims to deliver a hybrid electric 7-seat aircraft, called the Cavorite X7, that can take off and land vertically like and helicopter.

New Horizon Aircraft (New Horizon Aircraft) Headlines

From GuruFocus

Horizon Aircraft Provides Corporate Update

By Marketwired • 04-16-2024