New Horizon Aircraft (New Horizon Aircraft) Accounts Receivable : $0.01 Mil (As of May. 2023)

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What is New Horizon Aircraft Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. New Horizon Aircraft's accounts receivables for the quarter that ended in May. 2023 was $0.01 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. New Horizon Aircraft's Net-Net Working Capital per share for the quarter that ended in May. 2023 was $-0.07.

New Horizon Aircraft Accounts Receivable Historical Data

The historical data trend for New Horizon Aircraft's Accounts Receivable 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 Accounts Receivable Chart

New Horizon Aircraft Annual Data

Trend

May22

May23

Accounts Receivable

0.01

New Horizon Aircraft Semi-Annual Data
	May22	May23
Accounts Receivable	-	0.01

New Horizon Aircraft Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

New Horizon Aircraft Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.011	/	0	*	91
=

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), New Horizon Aircraft's accounts receivable are only considered to be worth 75% of book value:

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

	Net-Net Working Capital Per Share
=	(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

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

New Horizon Aircraft Accounts Receivable 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 » Accounts Receivable

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Traded in Other Exchanges

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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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