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New Horizon Aircraft (New Horizon Aircraft) Days Payable : 155.94 (As of May. 2023)


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What is New Horizon Aircraft Days Payable?

New Horizon Aircraft's average Accounts Payable for the six months ended in May. 2023 was $0.13 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 Payable for the six months ended in May. 2023 was 74.02.

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

HOVR' s Days Payable Range Over the Past 10 Years
Min: 94.88   Med: 121.46   Max: 148.03
Current: 148.03

During the past 2 years, New Horizon Aircraft's highest Days Payable was 148.03. The lowest was 94.88. And the median was 121.46.

HOVR's Days Payable is ranked better than
71.62% of 296 companies
in the Aerospace & Defense industry
Industry Median: 74.995 vs HOVR: 148.03

New Horizon Aircraft's Days Payable increased from . 20 (0.00) to May. 2023 (155.94). It may suggest that New Horizon Aircraft delayed paying its suppliers.

New Horizon Aircraft Days Payable Historical Data

The historical data trend for New Horizon Aircraft's Days Payable 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 Payable Chart

New Horizon Aircraft Annual Data
Trend May22 May23
Days Payable
94.88 148.03

New Horizon Aircraft Semi-Annual Data
May22 May23
Days Payable 94.88 155.94

Competitive Comparison of New Horizon Aircraft's Days Payable

For the Aerospace & Defense subindustry, New Horizon Aircraft's Days Payable, along with its competitors' market caps and Days Payable 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 Payable Distribution in the Aerospace & Defense Industry

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

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


New Horizon Aircraft Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

New Horizon Aircraft's Days Payable for the fiscal year that ended in May. 2023 is calculated as

Days Payable (A: May. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: May. 2022 ) + Accounts Payable (A: May. 2023 )) / count ) / Cost of Goods Sold (A: May. 2023 )*Days in Period
=( (0.124 + 0.138) / 2 ) / 0.323*365
=0.131 / 0.323*365
=148.03

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

Days Payable (Q: May. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: May. 2022 ) + Accounts Payable (Q: May. 2023 )) / count ) / Cost of Goods Sold (Q: May. 2023 )*Days in Period
=( (0.124 + 0.138) / 2 ) / 0.323*365 / 2
=0.131 / 0.323*365 / 2
=74.02

* 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.

New Horizon Aircraft Days Payable Related Terms

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New Horizon Aircraft (New Horizon Aircraft) Business Description

Industry
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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

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