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New Horizon Aircraft (New Horizon Aircraft) Change In Receivables : $-0.01 Mil (TTM As of May. 2023)


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What is New Horizon Aircraft Change In Receivables?

New Horizon Aircraft's change in receivables for the quarter that ended in May. 2023 was $-0.01 Mil. It means New Horizon Aircraft's Accounts Receivable increased by $0.01 Mil from May. 2022 to May. 2023 .

New Horizon Aircraft's change in receivables for the fiscal year that ended in May. 2023 was $-0.01 Mil. It means New Horizon Aircraft's Accounts Receivable increased by $0.01 Mil from May. 2022 to May. 2023 .

New Horizon Aircraft's Accounts Receivable for the quarter that ended in May. 2023 was $0.01 Mil.

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 Receivable are being managed.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. New Horizon Aircraft's liquidation value for the six months ended in May. 2023 was $-1.17 Mil.

New Horizon Aircraft Change In Receivables Historical Data

The historical data trend for New Horizon Aircraft's Change In Receivables 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 Change In Receivables Chart

New Horizon Aircraft Annual Data
Trend May22 May23
Change In Receivables
- -0.01

New Horizon Aircraft Semi-Annual Data
May22 May23
Change In Receivables - -0.01

New Horizon Aircraft Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in May. 2023 was $-0.01 Mil.

* 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  (NAS:HOVR) Change In Receivables 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 Receivable 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 liquidation value, New Horizon Aircraft's accounts receivable are only considered to be worth 75% of book value:

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

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.169-1.35+0.75 * 0.011+0.5 * 0
=-1.17

* 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 Change In Receivables Related Terms

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New Horizon Aircraft (New Horizon Aircraft) Business Description

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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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