Ming Yuan Cloud Group Holdings (HKSE:00909) Days Payable : 25.68 (As of Dec. 2023)

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What is Ming Yuan Cloud Group Holdings Days Payable?

Ming Yuan Cloud Group Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$28 Mil. Ming Yuan Cloud Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$200 Mil. Hence, Ming Yuan Cloud Group Holdings's Days Payable for the six months ended in Dec. 2023 was 25.68.

The historical rank and industry rank for Ming Yuan Cloud Group Holdings's Days Payable or its related term are showing as below:

HKSE:00909' s Days Payable Range Over the Past 10 Years
Min: 0.13 Med: 32.6 Max: 59.73
Current: 32.6

During the past 7 years, Ming Yuan Cloud Group Holdings's highest Days Payable was 59.73. The lowest was 0.13. And the median was 32.60.

HKSE:00909's Days Payable is ranked worse than
64.36% of 2531 companies
in the Software industry
Industry Median: 50.36 vs HKSE:00909: 32.60

Ming Yuan Cloud Group Holdings's Days Payable declined from Dec. 2022 (53.93) to Dec. 2023 (25.68). It may suggest that Ming Yuan Cloud Group Holdings accelerated paying its suppliers.

Ming Yuan Cloud Group Holdings Days Payable Historical Data

The historical data trend for Ming Yuan Cloud Group Holdings's Days Payable 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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Ming Yuan Cloud Group Holdings Days Payable Chart

Ming Yuan Cloud Group Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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21.26

32.60

45.29

59.73

33.87

Ming Yuan Cloud Group Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial							44.07	64.93	53.93	39.44	25.68

Competitive Comparison of Ming Yuan Cloud Group Holdings's Days Payable

For the Software - Application subindustry, Ming Yuan Cloud Group Holdings's Days Payable, along with its competitors' market caps and Days Payable 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.

Ming Yuan Cloud Group Holdings's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Ming Yuan Cloud Group Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Ming Yuan Cloud Group Holdings's Days Payable falls into.

Ming Yuan Cloud Group Holdings Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Ming Yuan Cloud Group Holdings's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (42.294	+	25.99)	/	2 )	/	367.966	*	365
=	34.142					/	367.966	*	365
=	33.87

Ming Yuan Cloud Group Holdings's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (30.299	+	25.99)	/	2 )	/	199.992	*	365 / 2
=	28.1445					/	199.992	*	365 / 2
=	25.68

Ming Yuan Cloud Group Holdings Days Payable Related Terms

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Ming Yuan Cloud Group Holdings (HKSE:00909) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ming Yuan Cloud Group Holdings Ltd (HKSE:00909) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

18 Gaoxin South 4th Road, 501-509, East Block, Nanshan District, Skyworth Semiconductor Design Building, Gaoxin Community, Yuehai Subdistrict, Shenzhen, CHN

Website

https://www.mingyuanyun.com

Ming Yuan Cloud Group Holdings Ltd is a provider of enterprise-grade ERP solutions and SaaS products to property developers and other industry participants along the real estate value chain in China. The company's ERP solutions and SaaS products enable property developers and other real estate industry participants such as construction materials suppliers and property asset management companies to streamline and digitalize their business operations. It generates maximum revenue from the SaaS products segment.

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