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HashKey Holdings's Days Sales Outstanding for the
six
months ended in Dec. 2025 was 25.98.
HashKey Holdings's Days Inventory for the
six
months ended in Dec. 2025 was 70.22.
HashKey Holdings's Days Payable for the
six
months ended in Dec. 2025 was 3.79.
Therefore, HashKey Holdings's Cash Conversion Cycle (CCC) for the
six
months ended in Dec. 2025 was 92.41.
Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.
Be Aware
CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.
The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.
HashKey Holdings Cash Conversion Cycle Related Terms
HashKey Holdings Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for HashKey Holdings's Cash Conversion Cycle 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.
FRA:QO1 vs SPGI, CME, ICE: Cash Conversion Cycle Comparison
For the Financial Data & Stock Exchanges subindustry, HashKey Holdings's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle 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.
HashKey Holdings Cash Conversion Cycle vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, HashKey Holdings's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where HashKey Holdings's Cash Conversion Cycle falls into.
Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.
Cash Conversion Cycle is one of several measures of management effectiveness.
HashKey Holdings's Cash Conversion Cycle for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
HashKey Holdings (FRA:QO1) has a Cash Conversion Cycle of 92.41 as of Dec. 2025. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on HashKey Holdings and its competitors.
Is HashKey Holdings' Cash Conversion Cycle too high?
HashKey Holdings' current Cash Conversion Cycle is 92.41. The Capital Markets industry median Cash Conversion Cycle is 1.69. HashKey Holdings' value of 92.41 is 5368% above this industry median. Overall, HashKey Holdings has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does HashKey Holdings' Cash Conversion Cycle compare to SPGI and CME?
HashKey Holdings' Cash Conversion Cycle of 92.41 can be compared against companies in the Capital Markets industry. The industry median Cash Conversion Cycle is 1.69. HashKey Holdings' value of 92.41 is 5368% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for a Capital Markets company?
The median Cash Conversion Cycle among Capital Markets companies is 1.69, based on 632 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HashKey Holdings's current Cash Conversion Cycle of 92.41 is 5368% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on HashKey Holdings and its competitors. For the Capital Markets industry, the median Cash Conversion Cycle is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HashKey Holdings's current Cash Conversion Cycle is 92.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HashKey Holdings stock overvalued right now?
HashKey Holdings (FRA:QO1) has a current Cash Conversion Cycle of 92.41. The current Cash Conversion Cycle is 92.41 and 5368% above the Capital Markets industry median of 1.69. HashKey Holdings' overall GF Score™ is 11/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For HashKey Holdings (FRA:QO1), the current Cash Conversion Cycle is 92.41 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
HashKey Holdings Ltd is an investment holding company, principally engaged in digital asset exchange custody, asset management, and related blockchain infrastructure services. The Group's business includes licensed digital asset trading platforms, brokerage services, custody solutions, asset management products, and technology services provided to institutional and professional clients. The company's business segments are: Transaction facilitation services, On-chain services, and Asset management services. It derived the majority of revenue from the Transaction facilitation services segment, covering digital asset exchange services, brokerage services, and custody services. Geographically, it derived the maximum revenue from Hong Kong.
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