New Horizon Aircraft (New Horizon Aircraft) Receivables Turnover : 0.00 (As of May. 2023)

View and export this data going back to 2024. Start your Free Trial

What is New Horizon Aircraft Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. New Horizon Aircraft's Revenue for the six months ended in May. 2023 was $0.00 Mil. New Horizon Aircraft's average Accounts Receivable for the six months ended in May. 2023 was $0.01 Mil.

New Horizon Aircraft Receivables Turnover Historical Data

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

New Horizon Aircraft Annual Data

Trend

May22

May23

Receivables Turnover

New Horizon Aircraft Semi-Annual Data
	May22	May23
Receivables Turnover	-	-

Competitive Comparison of New Horizon Aircraft's Receivables Turnover

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

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

* The bar in red indicates where New Horizon Aircraft's Receivables Turnover falls into.

New Horizon Aircraft Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

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

	Receivables Turnover (A: May. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2023 )	/ (	(Accounts Receivable (A: May. 2022 )	+	Accounts Receivable (A: May. 2023 ))	/	count )
=	0	/ (	(0	+	0.011)	/	1 )
=	0	/	0.011
=	N/A

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

	Receivables Turnover (Q: May. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: May. 2023 )	/ (	(Accounts Receivable (Q: May. 2022 )	+	Accounts Receivable (Q: May. 2023 ))	/	count )
=	0	/ (	(0	+	0.011)	/	1 )
=	0	/	0.011
=	N/A

New Horizon Aircraft (NAS:HOVR) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

New Horizon Aircraft Receivables Turnover Related Terms

Thank you for viewing the detailed overview of New Horizon Aircraft's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

New Horizon Aircraft (New Horizon Aircraft) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » New Horizon Aircraft Ltd (NAS:HOVR) » Definitions » Receivables Turnover

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