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

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What is New Horizon Aircraft ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. New Horizon Aircraft's annualized ROCE % for the quarter that ended in May. 2023 was 0.00%.

New Horizon Aircraft ROCE % Historical Data

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

New Horizon Aircraft Annual Data

Trend

May22

May23

ROCE %

-199.07

-275.04

New Horizon Aircraft Semi-Annual Data
	May22	May23
ROCE %	-199.07	-

New Horizon Aircraft ROCE % Calculation

New Horizon Aircraft's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-0.81	/	( ( (0.905 - 0.26)	+	(1.045 - 1.101) )	/ 2 )
	=	-0.81	/	( (0.645	+	-0.056)	/ 2 )
	=	-0.81	/	0.2945
	=	-275.04 %

New Horizon Aircraft's ROCE % of for the quarter that ended in May. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2023 )		(Q: May. 2022 )		(Q: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2023 )		(Q: May. 2022 )		(Q: May. 2023 )
	=	-0.81	/	( ( (0.905 - 0.26)	+	(1.045 - 1.101) )	/ 2 )
	=	-0.81	/	( ( 0.645	+	-0.056 )	/ 2 )
	=	-0.81	/	0.2945
	=	-275.04 %

(1) Note: The EBIT data used here is one times the annual (May. 2023) EBIT data.

New Horizon Aircraft (NAS:HOVR) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

New Horizon Aircraft ROCE % 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 » ROCE %

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