New Horizon Aircraft (New Horizon Aircraft) Gross Margin % : 0.00% (As of May. 2023)

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What is New Horizon Aircraft Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. New Horizon Aircraft's Gross Profit for the six months ended in May. 2023 was $-0.32 Mil. New Horizon Aircraft's Revenue for the six months ended in May. 2023 was $0.00 Mil. Therefore, New Horizon Aircraft's Gross Margin % for the quarter that ended in May. 2023 was 0.00%.

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

HOVR's Gross Margin % is not ranked ^*
in the Aerospace & Defense industry.
Industry Median: 26.03
* Ranked among companies with meaningful Gross Margin % only.

New Horizon Aircraft had a gross margin of % for the quarter that ended in May. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for New Horizon Aircraft was 0.00% per year.

New Horizon Aircraft Gross Margin % Historical Data

The historical data trend for New Horizon Aircraft's Gross 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.

* Premium members only.

New Horizon Aircraft Gross Margin % Chart

New Horizon Aircraft Annual Data

Trend

May22

May23

Gross Margin %

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

Competitive Comparison of New Horizon Aircraft's Gross Margin %

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

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

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

New Horizon Aircraft Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

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

Gross Margin % (A: May. 2023 )	=	Gross Profit (A: May. 2023 )	/	Revenue (A: May. 2023 )
	=	-0.3	/	0
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0 - 0.323)	/	0
	=	%

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

Gross Margin % (Q: May. 2023 )	=	Gross Profit (Q: May. 2023 )	/	Revenue (Q: May. 2023 )
	=	-0.3	/	0
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0 - 0.323)	/	0
	=	%

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

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

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

New Horizon Aircraft had a gross margin of % for the quarter that ended in May. 2023 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

New Horizon Aircraft Gross 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 » Gross 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