Ming Yuan Cloud Group Holdings (HKSE:00909) Days Sales Outstanding : 15.87 (As of Dec. 2023)

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What is Ming Yuan Cloud Group Holdings Days Sales Outstanding?

Ming Yuan Cloud Group Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$83 Mil. Ming Yuan Cloud Group Holdings's Revenue for the six months ended in Dec. 2023 was HK$960 Mil. Hence, Ming Yuan Cloud Group Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 15.87.

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

HKSE:00909' s Days Sales Outstanding Range Over the Past 10 Years
Min: 4.44 Med: 5.42 Max: 16.89
Current: 16.89

During the past 7 years, Ming Yuan Cloud Group Holdings's highest Days Sales Outstanding was 16.89. The lowest was 4.44. And the median was 5.42.

HKSE:00909's Days Sales Outstanding is ranked better than
93.01% of 2732 companies
in the Software industry
Industry Median: 61.815 vs HKSE:00909: 16.89

Ming Yuan Cloud Group Holdings's Days Sales Outstanding declined from Dec. 2022 (20.80) to Dec. 2023 (15.87).

Ming Yuan Cloud Group Holdings Days Sales Outstanding Historical Data

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

Ming Yuan Cloud Group Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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5.42

5.30

9.06

16.15

15.72

Ming Yuan Cloud Group Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial							10.59	22.38	20.80	19.32	15.87

Competitive Comparison of Ming Yuan Cloud Group Holdings's Days Sales Outstanding

For the Software - Application subindustry, Ming Yuan Cloud Group Holdings's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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 Sales Outstanding Distribution in the Software Industry

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

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

Ming Yuan Cloud Group Holdings Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

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

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (82.085	+	72.373)	/	2 )	/	1793.408	*	365
=	77.229					/	1793.408	*	365
=	15.72

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

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (94.47	+	72.373)	/	2 )	/	959.577	*	365 / 2
=	83.4215					/	959.577	*	365 / 2
=	15.87

Ming Yuan Cloud Group Holdings (HKSE:00909) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Ming Yuan Cloud Group Holdings Days Sales Outstanding Related Terms

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

Industry

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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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