Bitcoin Well (FRA:BH9) Days Payable: 0.75 (As of Mar. 2026) — 59% Below Median


What is Bitcoin Well Days Payable?

Bitcoin Well FRA:BH9 +27.27% Days Payable is 0.75 as of Mar. 2026, which is 59% below its 10-year median of 1.84. The stock has 4 warning signs investors should review. Among 540 Capital Markets companies, Bitcoin Well ranks worse than 94.63% on this metric.

Bitcoin Well's average Accounts Payable for the three months ended in Mar. 2026 was €0.18 Mil. Bitcoin Well's Cost of Goods Sold for the three months ended in Mar. 2026 was €21.38 Mil. Hence, Bitcoin Well's Days Payable for the three months ended in Mar. 2026 was 0.75.

The historical rank and industry rank for Bitcoin Well's Days Payable or its related term are showing as below:

FRA:BH9' s Days Payable Range Over the Past 10 Years
Min: 0.88   Med: 1.84   Max: 2.82
Current: 1.08

During the past 7 years, Bitcoin Well's highest Days Payable was 2.82. The lowest was 0.88. And the median was 1.84.

FRA:BH9's Days Payable is ranked worse than
94.63% of 540 companies
in the Capital Markets industry
Industry Median: 91.345 vs FRA:BH9: 1.08

Bitcoin Well's Days Payable declined from Mar. 2025 (1.39) to Mar. 2026 (0.75). It may suggest that Bitcoin Well accelerated paying its suppliers.


Bitcoin Well Days Payable Historical Data

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The historical data trend for Bitcoin Well's Days Payable 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.

Bitcoin Well Days Payable Chart

Bitcoin Well Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 2.02 2.76 2.84 1.62 0.91

Bitcoin Well Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.39 1.31 1.02 1.17 0.75

FRA:BH9 vs MS, GS, SCHW: Days Payable Comparison

For the Capital Markets subindustry, Bitcoin Well's Days Payable, along with its competitors' market caps and Days Payable 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.


Bitcoin Well Days Payable vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bitcoin Well's Days Payable distribution charts can be found below:

* The bar in red indicates where Bitcoin Well's Days Payable falls into.



Bitcoin Well Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Bitcoin Well's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (0.18 + 0.217) / 2 ) / 79.241*365
=0.1985 / 79.241*365
=0.91

Bitcoin Well's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (0.217 + 0.135) / 2 ) / 21.379*365 / 4
=0.176 / 21.379*365 / 4
=0.75

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 0.75 mean?
Bitcoin Well (FRA:BH9) has a Days Payable of 0.75 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Bitcoin Well and its competitors. This is 59% below median its historical median of 1.84. Over the past decade, Bitcoin Well's Days Payable has ranged from 0.88 to 2.82. According to the industry distribution chart, Bitcoin Well ranks #511 out of 540 companies in the Capital Markets industry, placing it in the top 94.6%.
Is Bitcoin Well's Days Payable too high?
Bitcoin Well's current Days Payable of 0.75 is 59% below median its 10-year median of 1.84. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 2.82. The Capital Markets industry median Days Payable is 91.35. Bitcoin Well's value of 0.75 is 99.2% below this industry median. Based on the distribution chart, Bitcoin Well ranks #511 out of 540 companies in the Capital Markets industry, which is in the bottom quartile relative to peers.
How does Bitcoin Well's Days Payable compare to MS and GS?
According to the Capital Markets industry distribution chart, Bitcoin Well ranks #511 out of 540 companies for Days Payable. This places Bitcoin Well in the lower half of its industry. The industry median Days Payable is 91.35. Bitcoin Well's value of 0.75 is 99.2% below this benchmark. Historically, Bitcoin Well's own Days Payable has ranged from 0.88 to 2.82 over the past decade. While the company's 10-year median is 1.84 vs. the industry median of 91.35, Bitcoin Well has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Capital Markets company?
The median Days Payable among Capital Markets companies is 91.35, based on 540 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bitcoin Well's current Days Payable of 0.75 is 99.2% below 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 Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Bitcoin Well and its competitors. For the Capital Markets industry, the median Days Payable is 91.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bitcoin Well's current Days Payable is 0.75, which is 59% below median its own 10-year median of 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bitcoin Well stock overvalued right now?
Based on GuruFocus' analysis, Bitcoin Well (FRA:BH9) is currently considered Significantly Undervalued. The stock's GF Value™ is €0.08, compared to a current price of €0.01 — trading 82.5% below its estimated fair value. The current Days Payable is 0.75, which is 59% below median its 10-year median of 1.84 and 99.2% below the Capital Markets industry median of 91.35. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Bitcoin Well (FRA:BH9), the current Days Payable is 0.75 as of Mar. 2026. 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.

Bitcoin Well Business Description

Other Exchanges BCNWF:USABTCW:Canada
Address 10175 - 101 Street NW, Suite 1700, Enbridge Centre, Edmonton, AB, CAN, T5J 0H3
Bitcoin Well Inc offers ways to buy and sell bitcoin and other cryptocurrencies through a Bitcoin ATM network and suite of web-based transaction services. The company operates in three operating business segments: Bitcoin ATMs, Online Bitcoin Portal and Bitcoin Well Infinite. It derives maximum revenue from the Bitcoin ATM segment, which comprises sales and expenses related to the company's Bitcoin ATMs placed and operating throughout Canada. The Online Bitcoin Portal segment includes sales and expenses related to the company's online bitcoin platform. The Bitcoin Well Infinite segment includes sales and expenses related to large bitcoin transactions for high net worth individuals and businesses.