Ming Yuan Cloud Group Holdings (HKSE:00909) Accounts Payable & Accrued Expense : HK$51 Mil (As of Dec. 2023)

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What is Ming Yuan Cloud Group Holdings Accounts Payable & Accrued Expense?

Ming Yuan Cloud Group Holdings's quarterly accounts payable & accrued expense declined from Dec. 2022 (HK$68 Mil) to Jun. 2023 (HK$50 Mil) but then increased from Jun. 2023 (HK$50 Mil) to Dec. 2023 (HK$51 Mil).

Ming Yuan Cloud Group Holdings's annual accounts payable & accrued expense declined from Dec. 2021 (HK$117 Mil) to Dec. 2022 (HK$68 Mil) and declined from Dec. 2022 (HK$68 Mil) to Dec. 2023 (HK$51 Mil).

Ming Yuan Cloud Group Holdings Accounts Payable & Accrued Expense Historical Data

The historical data trend for Ming Yuan Cloud Group Holdings's Accounts Payable & Accrued Expense 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 Accounts Payable & Accrued Expense Chart

Ming Yuan Cloud Group Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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72.03

97.62

116.92

68.02

51.15

Ming Yuan Cloud Group Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial							116.92	88.55	68.02	49.65	51.15

Ming Yuan Cloud Group Holdings Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

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 » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

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.

Executives

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Ming Yuan Cloud Group Holdings (HKSE:00909) Headlines

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