New Horizon Aircraft (New Horizon Aircraft) Days Inventory : 0.00 (As of May. 2023)

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What is New Horizon Aircraft Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). New Horizon Aircraft's Average Total Inventories for the six months ended in May. 2023 was $0.00 Mil. New Horizon Aircraft's Cost of Goods Sold for the six months ended in May. 2023 was $0.32 Mil. Hence, New Horizon Aircraft's Days Inventory for the six months ended in May. 2023 was 0.00.

The historical rank and industry rank for New Horizon Aircraft's Days Inventory or its related term are showing as below:

HOVR's Days Inventory is not ranked ^*
in the Aerospace & Defense industry.
Industry Median: 148.84
* Ranked among companies with meaningful Days Inventory only.

New Horizon Aircraft's Days Inventory stayed the same from . 20 (0.00) to May. 2023 (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 Days Inventory Historical Data

The historical data trend for New Horizon Aircraft's Days 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.

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New Horizon Aircraft Days Inventory Chart

New Horizon Aircraft Annual Data

Trend

May22

May23

Days Inventory

New Horizon Aircraft Semi-Annual Data
	May22	May23
Days Inventory	-	-

Competitive Comparison of New Horizon Aircraft's Days Inventory

For the Aerospace & Defense subindustry, New Horizon Aircraft's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

New Horizon Aircraft's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, New Horizon Aircraft's Days Inventory distribution charts can be found below:

* The bar in red indicates where New Horizon Aircraft's Days Inventory falls into.

New Horizon Aircraft Days Inventory Calculation

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 fiscal year that ended in May. 2023 is calculated as

	Days Inventory (A: May. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.323	*	365
=	0					/	0.323	*	365
=	0.00

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

	Days Inventory (Q: May. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: May. 2022 )	+	Total Inventories (Q: May. 2023 ))	/	count )	/	Cost of Goods Sold (Q: May. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.323	*	365 / 2
=	0					/	0.323	*	365 / 2
=	0.00

New Horizon Aircraft (NAS:HOVR) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

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

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

2. 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 six months ended in May. 2023 is calculated as

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

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

New Horizon Aircraft Days Inventory Related Terms

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New Horizon Aircraft (New Horizon Aircraft) Business Description

Industry

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