New Horizon Aircraft (New Horizon Aircraft) Pretax Margin % : % (As of May. 2023)

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What is New Horizon Aircraft Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. New Horizon Aircraft's Pre-Tax Income for the six months ended in May. 2023 was $-0.87 Mil. New Horizon Aircraft's Revenue for the six months ended in May. 2023 was $0.00 Mil. Therefore, New Horizon Aircraft's pretax margin for the quarter that ended in May. 2023 was %.

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

HOVR's Pretax Margin % is not ranked ^*
in the Aerospace & Defense industry.
Industry Median: 5.72
* Ranked among companies with meaningful Pretax Margin % only.

New Horizon Aircraft Pretax Margin % Historical Data

The historical data trend for New Horizon Aircraft's Pretax Margin % 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 Pretax Margin % Chart

New Horizon Aircraft Annual Data

Trend

May22

May23

Pretax Margin %

New Horizon Aircraft Semi-Annual Data
	May22	May23
Pretax Margin %	-	-

Competitive Comparison of New Horizon Aircraft's Pretax Margin %

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

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

* The bar in red indicates where New Horizon Aircraft's Pretax Margin % falls into.

New Horizon Aircraft Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

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

Pretax Margin	=	Pre-Tax Income (A: May. 2023 )	/	Revenue (A: May. 2023 )
	=	-0.866	/	0
	=	%

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

Pretax Margin	=	Pre-Tax Income (Q: May. 2023 )	/	Revenue (Q: May. 2023 )
	=	-0.866	/	0
	=	%

New Horizon Aircraft (NAS:HOVR) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.

New Horizon Aircraft Pretax Margin % 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 » Pretax Margin %

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