Quantgroup Holding (HKSE:02685) Days Payable: 548.76 (As of Dec. 2025) — 77% Above Median

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HKSE:02685 Quantgroup Holding Ltd HKSE:02685
21 GF Score
Price HK$4.07
! 2 Warning Signs
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What is Quantgroup Holding Days Payable?

Quantgroup Holding HKSE:02685 -31.02% 21 Days Payable is 548.76 as of Dec. 2025, which is 77% above its 10-year median of 309.84. GuruFocus rates HKSE:02685 with a GF Score™ of 21/100. The stock has 2 warning signs investors should review. Among 1,105 Retail - Cyclical companies, Quantgroup Holding ranks better than 97.1% on this metric.

Quantgroup Holding's average Accounts Payable for the six months ended in Dec. 2025 was HK$79 Mil. Quantgroup Holding's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$53 Mil. Hence, Quantgroup Holding's Days Payable for the six months ended in Dec. 2025 was 274.38.

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

HKSE:02685' s Days Payable Range Over the Past 10 Years
Min: 68.35   Med: 309.84   Max: 556.51
Current: 548.76

During the past 4 years, Quantgroup Holding's highest Days Payable was 556.51. The lowest was 68.35. And the median was 309.84.

HKSE:02685's Days Payable is ranked better than
97.1% of 1105 companies
in the Retail - Cyclical industry
Industry Median: 51.14 vs HKSE:02685: 548.76

Quantgroup Holding's Days Payable increased from Dec. 2023 (70.92) to Dec. 2025 (548.76). It may suggest that Quantgroup Holding delayed paying its suppliers.


Quantgroup Holding Days Payable Historical Data

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The historical data trend for Quantgroup Holding'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.

Quantgroup Holding Days Payable Chart

Quantgroup Holding Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Days Payable
68.35 70.92 556.51 548.76

Quantgroup Holding Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
Days Payable 68.35 70.92 556.51 548.76

HKSE:02685 vs AMZN, BABA, PDD: Days Payable Comparison

For the Internet Retail subindustry, Quantgroup Holding'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.


Quantgroup Holding Days Payable vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Quantgroup Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Quantgroup Holding's Days Payable falls into.


HKSE:02685
21GF Score
Quantgroup Holding Ltd HKSE:02685
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Quantgroup Holding 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.

Quantgroup Holding'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
=( (66.5 + 91.645) / 2 ) / 52.594*365
=79.0725 / 52.594*365
=548.76

Quantgroup Holding's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2024 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (66.5 + 91.645) / 2 ) / 52.594*365 / 2
=79.0725 / 52.594*365 / 2
=274.38

* 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 548.76 mean?
Quantgroup Holding (HKSE:02685) has a Days Payable of 548.76 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 Quantgroup Holding and its competitors. This is 77% above median its historical median of 309.84. Over the past decade, Quantgroup Holding's Days Payable has ranged from 68.35 to 556.51. According to the industry distribution chart, Quantgroup Holding ranks #32 out of 1105 companies in the Retail - Cyclical industry, placing it in the top 2.9%.
Is Quantgroup Holding's Days Payable too high?
Quantgroup Holding's current Days Payable of 548.76 is 77% above median its 10-year median of 309.84. Over the past 10 years, this metric has ranged from a low of 68.35 to a high of 556.51. The Retail - Cyclical industry median Days Payable is 51.14. Quantgroup Holding's value of 548.76 is 973.1% above this industry median. Based on the distribution chart, Quantgroup Holding ranks #32 out of 1105 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Quantgroup Holding has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Quantgroup Holding's Days Payable compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Quantgroup Holding ranks #32 out of 1105 companies for Days Payable. This places Quantgroup Holding in the top 3% of its industry — outperforming the majority of peers. The industry median Days Payable is 51.14. Quantgroup Holding's value of 548.76 is 973.1% above this benchmark. Historically, Quantgroup Holding's own Days Payable has ranged from 68.35 to 556.51 over the past decade. While the company's 10-year median is 309.84 vs. the industry median of 51.14, Quantgroup Holding has consistently been above 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 Retail - Cyclical company?
The median Days Payable among Retail - Cyclical companies is 51.14, based on 1,105 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. Quantgroup Holding's current Days Payable of 548.76 is 973.1% 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 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 Quantgroup Holding and its competitors. For the Retail - Cyclical industry, the median Days Payable is 51.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quantgroup Holding's current Days Payable is 548.76, which is 77% above median its own 10-year median of 309.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quantgroup Holding stock overvalued right now?
Quantgroup Holding (HKSE:02685) has a current Days Payable of 548.76. The current Days Payable is 548.76, which is 77% above median its 10-year median of 309.84 and 973.1% above the Retail - Cyclical industry median of 51.14. Quantgroup Holding's overall GF Score™ is 21/100 with 2 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 Quantgroup Holding (HKSE:02685), the current Days Payable is 548.76 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.

Quantgroup Holding Business Description

Address Zhongguancun Street, Office B711, 7th Floor, No. 19, Haidian District, Beijing, CHN
Quantgroup Holding Ltd is an investment holding company. The company and its subsidiaries are principally engaged in the operation of online marketplaces and other businesses, including advertisement placement and provision of matching services for financial institutions. Its consumer E-commerce marketplaces include: i) Yangxiaomie: It carries a wide spectrum of retail goods ranging from consumer electronics, food and beverages, home appliances, cosmetics, jewelry to clothing and personal daily care provided by third-party marketplace suppliers. ii) Consumption Guide: It matches end customers who purchase automobiles and, to a small extent, local lifestyle services, which are sold/provided by the marketplace suppliers in offline stores. The company derives maximum revenue from Yangxiaomie.
21GF Score

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HK$4.07
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