New Horizon Aircraft (New Horizon Aircraft) Total Inventories : $0.00 Mil (As of May. 2023)

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What is New Horizon Aircraft Total Inventories?

New Horizon Aircraft's total inventories for the quarter that ended in May. 2023 was $0.00 Mil. New Horizon Aircraft's average total inventories from the quarter that ended in May. 2022 to the quarter that ended in May. 2023 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. New Horizon Aircraft's Net-Net Working Capital per share for the quarter that ended in May. 2023 was $-0.07.

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 six months 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 Total Inventories Historical Data

The historical data trend for New Horizon Aircraft's Total Inventories 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 Total Inventories Chart

New Horizon Aircraft Annual Data

Trend

May22

May23

Total Inventories

New Horizon Aircraft Semi-Annual Data
	May22	May23
Total Inventories	-	-

New Horizon Aircraft Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

New Horizon Aircraft (NAS:HOVR) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

New Horizon Aircraft's Net-Net Working Capital Per Share for the quarter that ended in May. 2023 is

	Net-Net Working Capital Per Share (Q: May. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.169	+	0.75 * 0.011	+	0.5 * 0	-	1.35
-	0	-	0)	/	16.693
=	-0.07

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

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

3. 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 (Q: May. 2023 )	/	Average Total Inventories (Q: May. 2023 )
	=	0.323	/	0
	=	N/A

4. 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 (Q: May. 2023 )	/	Revenue (Q: May. 2023 )
	=	0	/	0
	=

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

New Horizon Aircraft Total Inventories Related Terms

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New Horizon Aircraft (New Horizon Aircraft) Business Description

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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

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