Ming Yuan Cloud Group Holdings (HKSE:00909) Change In Inventory : HK$0 Mil (TTM As of Jun. 2024)

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What is Ming Yuan Cloud Group Holdings Change In Inventory?

Ming Yuan Cloud Group Holdings's change in inventory for the quarter that ended in Jun. 2024 was HK$0 Mil. It means Ming Yuan Cloud Group Holdings's inventory stayed the same from Dec. 2023 to Jun. 2024 .

Ming Yuan Cloud Group Holdings's change in inventory for the fiscal year that ended in Dec. 2023 was HK$-3 Mil. It means Ming Yuan Cloud Group Holdings's inventory increased by HK$3 Mil from Dec. 2022 to Dec. 2023 .

Ming Yuan Cloud Group Holdings's Total Inventories for the quarter that ended in Jun. 2024 was HK$10 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ming Yuan Cloud Group Holdings's Days Inventory for the quarter that ended in Jun. 2024 was 12.32.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ming Yuan Cloud Group Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 14.81.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Ming Yuan Cloud Group Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.01.

Ming Yuan Cloud Group Holdings Change In Inventory Historical Data

The historical data trend for Ming Yuan Cloud Group Holdings's Change In Inventory 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 Change In Inventory Chart

Ming Yuan Cloud Group Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.04

-0.16

-0.39

-6.68

-3.08

Ming Yuan Cloud Group Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Change In Inventory	Get a 7-Day Free Trial								-	-	-	-	-

Ming Yuan Cloud Group Holdings Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$0 Mil.

Ming Yuan Cloud Group Holdings (HKSE:00909) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Ming Yuan Cloud Group Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	10.353	/	153.31	*	365 / 2
	=	12.32

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Ming Yuan Cloud Group Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	153.31	/	10.353
	=	14.81

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Ming Yuan Cloud Group Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.353	/	775.225
	=	0.01

Ming Yuan Cloud Group Holdings Change In Inventory Related Terms

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Ming Yuan Cloud Group Holdings Business Description

Industry

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Address

16 Gaoxin South 10th Road, 801, Tower A, Gemdale Viseen Tower, Gaoxin Community, Yuehai Subdistrict, Nanshan District, 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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