Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
HashKey HoldingsFRA:QO1 -0.68%11 Days Payable is 3.79 as of Dec. 2025, which is 99% below its 10-year median of 728.11. GuruFocus rates FRA:QO1 with a GF Score™ of 11/100. The stock has 5 warning signs investors should review. Among 533 Capital Markets companies, HashKey Holdings ranks worse than 77.86% on this metric.
The historical rank and industry rank for HashKey Holdings's Days Payable or its related term are showing as below:
FRA:QO1'
s Days Payable Range Over the Past 10 Years
Min: 7.46 Med: 728.11 Max: 5165.71
Current: 14.32
During the past 4 years, HashKey Holdings's highest Days Payable was 5165.71. The lowest was 7.46. And the median was 728.11.
FRA:QO1's Days Payable is ranked worse than 77.86% of 533
companies
in the Capital Markets industry
Industry Median: 96.57
vs FRA:QO1: 14.32
HashKey Holdings's Days Payable
declined
from Dec. 2024 (22.42) to Dec. 2025 (3.79).
It may suggest that HashKey Holdingsaccelerated paying its suppliers.
The historical data trend for HashKey Holdings'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.
FRA:QO1 vs SPGI, CME, ICE: Days Payable Comparison
For the Financial Data & Stock Exchanges subindustry, HashKey Holdings'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.
HashKey Holdings Days Payable vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, HashKey Holdings's Days Payable distribution charts can be found below:
* The bar in red indicates where HashKey Holdings's Days Payable falls into.
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.
HashKey Holdings's Days Payable 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 Days Payable of 3.79 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on HashKey Holdings and its competitors. This is 99% below median its historical median of 728.11. Over the past decade, HashKey Holdings' Days Payable has ranged from 7.46 to 5,165.71. According to the industry distribution chart, HashKey Holdings ranks #415 out of 533 companies in the Capital Markets industry, placing it in the top 77.9%.
Is HashKey Holdings' Days Payable too high?
HashKey Holdings' current Days Payable of 3.79 is 99% below median its 10-year median of 728.11. Over the past 10 years, this metric has ranged from a low of 7.46 to a high of 5,165.71. The Capital Markets industry median Days Payable is 96.57. HashKey Holdings' value of 3.79 is 96.1% below this industry median. Based on the distribution chart, HashKey Holdings ranks #415 out of 533 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, HashKey Holdings has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does HashKey Holdings' Days Payable compare to SPGI and CME?
According to the Capital Markets industry distribution chart, HashKey Holdings ranks #415 out of 533 companies for Days Payable. This places HashKey Holdings in the lower half of its industry. The industry median Days Payable is 96.57. HashKey Holdings' value of 3.79 is 96.1% below this benchmark. Historically, HashKey Holdings' own Days Payable has ranged from 7.46 to 5,165.71 over the past decade. While the company's 10-year median is 728.11 vs. the industry median of 96.57, HashKey Holdings 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 96.57, based on 533 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. HashKey Holdings's current Days Payable of 3.79 is 96.1% 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 HashKey Holdings and its competitors. For the Capital Markets industry, the median Days Payable is 96.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HashKey Holdings's current Days Payable is 3.79, which is 99% below median its own 10-year median of 728.11. 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 Days Payable of 3.79. The current Days Payable is 3.79, which is 99% below median its 10-year median of 728.11 and 96.1% below the Capital Markets industry median of 96.57. 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 Days Payable calculated?
Days Payable is calculated from a company's financial statements. For HashKey Holdings (FRA:QO1), the current Days Payable is 3.79 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.
11GF Score
Get the complete analysis for FRA:QO1
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:QO1 has been successfully added to your 
