Ming Yuan Cloud Group Holdings (HKSE:00909) Accounts Receivable : HK$72 Mil (As of Dec. 2023)

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What is Ming Yuan Cloud Group Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ming Yuan Cloud Group Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$72 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ming Yuan Cloud Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 13.76.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ming Yuan Cloud Group Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$1.92.

Ming Yuan Cloud Group Holdings Accounts Receivable Historical Data

The historical data trend for Ming Yuan Cloud Group Holdings's Accounts Receivable 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 Receivable Chart

Ming Yuan Cloud Group Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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23.33

35.39

97.44

82.09

72.37

Ming Yuan Cloud Group Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial							97.44	155.89	82.09	94.47	72.37

Ming Yuan Cloud Group Holdings Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Ming Yuan Cloud Group Holdings Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of 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 receivables are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	72.373	/	959.577	*	91
=	13.76

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Ming Yuan Cloud Group Holdings's accounts receivable are only considered to be worth 75% of book value:

Ming Yuan Cloud Group Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4665.456	+	0.75 * 72.373	+	0.5 * 10.43	-	1004.374
-	0	-	0)	/	1941.26
=	1.92

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Ming Yuan Cloud Group Holdings Accounts Receivable 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 » Accounts Receivable

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.

Executives

Tmf (cayman) Ltd.	2301 Trustee
Gao Yu	2307 Founder of a discretionary trust who can infl
Ghtongrui Investment Limited	2101 Beneficial owner
Mytongrui Holdings Limited	2201 Interest of corporation controlled by you
Myc Marvellous Limited	2101 Beneficial owner
Tmf Trust (hk) Limited	2301 Trustee
Jiang Haiyang	2307 Founder of a discretionary trust who can infl
Lingfan Investment Limited	2101 Beneficial owner
Chen Xiaohui	2307 Founder of a discretionary trust who can infl
Mindfree Holdings Limited	2201 Interest of corporation controlled by you
Hengxinyuan Investment Limited	2101 Beneficial owner
Sunshinemorning Holdings Limited	2201 Interest of corporation controlled by you

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