MATH (Metalpha Technology Holding) Days Payable: 1,260.81 (As of Sep. 2025) — 771% Above Median


MATH Metalpha Technology Holding Ltd MATH
42 GF Score
Price $0.99
GF Value $2.30
Valuation Possible Value Trap
! 5 Warning Signs
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What is Metalpha Technology Holding Days Payable?

Metalpha Technology Holding MATH +0.71% 42 Days Payable is 1,260.81 as of Sep. 2025, which is 771% above its 10-year median of 144.74. GuruFocus rates MATH with a GF Score™ of 42/100 and a GF Value™ of $2.30 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 539 Capital Markets companies, Metalpha Technology Holding ranks better than 82.19% on this metric.

Metalpha Technology Holding's average Accounts Payable for the six months ended in Sep. 2025 was $87.65 Mil. Metalpha Technology Holding's Cost of Goods Sold for the six months ended in Sep. 2025 was $12.69 Mil. Hence, Metalpha Technology Holding's Days Payable for the six months ended in Sep. 2025 was 1,260.81.

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

MATH' s Days Payable Range Over the Past 10 Years
Min: 8.72   Med: 144.74   Max: 1150.71
Current: 1043.21

During the past 11 years, Metalpha Technology Holding's highest Days Payable was 1150.71. The lowest was 8.72. And the median was 144.74.

MATH's Days Payable is ranked better than
82.19% of 539 companies
in the Capital Markets industry
Industry Median: 88.46 vs MATH: 1043.21

Metalpha Technology Holding's Days Payable increased from Sep. 2024 (986.09) to Sep. 2025 (1,260.81). It may suggest that Metalpha Technology Holding delayed paying its suppliers.


Metalpha Technology Holding Days Payable Historical Data

* Premium members only.

The historical data trend for Metalpha Technology 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.

Metalpha Technology Holding Days Payable Chart

Metalpha Technology Holding Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 313.75 8.72 484.24 1,150.71 869.01

Metalpha Technology Holding Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 937.88 908.82 986.09 699.99 1,260.81

MATH vs HGBL, GSIW, PLUT: Days Payable Comparison

For the Capital Markets subindustry, Metalpha Technology 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.


Metalpha Technology Holding Days Payable vs Capital Markets Industry

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

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


MATH
42GF Score
Metalpha Technology Holding Ltd MATH
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Metalpha Technology 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.

Metalpha Technology Holding's Days Payable for the fiscal year that ended in Mar. 2025 is calculated as

Days Payable (A: Mar. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2024 ) + Accounts Payable (A: Mar. 2025 )) / count ) / Cost of Goods Sold (A: Mar. 2025 )*Days in Period
=( (65.728 + 53.833) / 2 ) / 25.109*365
=59.7805 / 25.109*365
=869.01

Metalpha Technology Holding's Days Payable for the quarter that ended in Sep. 2025 is calculated as:

Days Payable (Q: Sep. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2025 ) + Accounts Payable (Q: Sep. 2025 )) / count ) / Cost of Goods Sold (Q: Sep. 2025 )*Days in Period
=( (53.833 + 121.464) / 2 ) / 12.687*365 / 2
=87.6485 / 12.687*365 / 2
=1,260.81

* 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 1,260.81 mean?
Metalpha Technology Holding (MATH) has a Days Payable of 1,260.81 as of Sep. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Metalpha Technology Holding and its competitors. This is 771% above median its historical median of 144.74. Over the past decade, Metalpha Technology Holding's Days Payable has ranged from 8.72 to 1,150.71. According to the industry distribution chart, Metalpha Technology Holding ranks #96 out of 539 companies in the Capital Markets industry, placing it in the top 17.8%.
Is Metalpha Technology Holding's Days Payable too high?
Metalpha Technology Holding's current Days Payable of 1,260.81 is 771% above median its 10-year median of 144.74. Over the past 10 years, this metric has ranged from a low of 8.72 to a high of 1,150.71. The Capital Markets industry median Days Payable is 88.46. Metalpha Technology Holding's value of 1,260.81 is 1325.3% above this industry median. Based on the distribution chart, Metalpha Technology Holding ranks #96 out of 539 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Metalpha Technology Holding has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Metalpha Technology Holding's Days Payable compare to HGBL and GSIW?
According to the Capital Markets industry distribution chart, Metalpha Technology Holding ranks #96 out of 539 companies for Days Payable. This places Metalpha Technology Holding in the top 18% of its industry — outperforming the majority of peers. The industry median Days Payable is 88.46. Metalpha Technology Holding's value of 1,260.81 is 1325.3% above this benchmark. Historically, Metalpha Technology Holding's own Days Payable has ranged from 8.72 to 1,150.71 over the past decade. While the company's 10-year median is 144.74 vs. the industry median of 88.46, Metalpha Technology 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 Capital Markets company?
The median Days Payable among Capital Markets companies is 88.46, based on 539 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. Metalpha Technology Holding's current Days Payable of 1,260.81 is 1325.3% 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 Metalpha Technology Holding and its competitors. For the Capital Markets industry, the median Days Payable is 88.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Metalpha Technology Holding's current Days Payable is 1,260.81, which is 771% above median its own 10-year median of 144.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metalpha Technology Holding stock overvalued right now?
Based on GuruFocus' analysis, Metalpha Technology Holding (MATH) is currently considered Possible Value Trap. The stock's GF Value™ is $2.30, compared to a current price of $0.99 — trading 56.9% below its estimated fair value. The current Days Payable is 1,260.81, which is 771% above median its 10-year median of 144.74 and 1325.3% above the Capital Markets industry median of 88.46. Metalpha Technology Holding's overall GF Score™ is 42/100 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 Metalpha Technology Holding (MATH), the current Days Payable is 1,260.81 as of Sep. 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.

Is Metalpha Technology Holding (MATH) Overvalued in 2026?

Based on GuruFocus' analysis, Metalpha Technology Holding stock appears to be undervalued. The current stock price of $0.99 is trading 56.9% below its estimated GF Value™ of $2.30. GuruFocus considers Metalpha Technology Holding to be Possible Value Trap.

Key valuation signals for MATH:

  • Days Payable: 1,260.81 (771% above median its 10-year median of 144.74)
  • GF Value™: $2.30 vs. price of $0.99 (56.9% below fair value)
  • GF Score™: 42/100 with 5 warning signs
  • Industry Position: 1325.3% above the Capital Markets median (#96 of 539)

No single metric tells the full story. See the MATH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Metalpha Technology Holding Business Description

Address 18 Harbour Road, Suite 6703-04, Central Plaza, Wan Chai, Hong Kong, HKG
Metalpha Technology Holding Ltd is a digital asset focused wealth management company. The company predominantly generates revenue from the execution of cryptocurrency-related transactions, which includes the issuance of derivative products to over-the-counter (OTC) clients and its proprietary trading activities. It has partnered with a crypto exchange to provide crypto derivative market-making services for its clients, facilitating the trading of crypto derivative products. In addition, the company also engages in providing traditional financial derivative products, and asset management services. It operates in a single segment which is the trading of proprietary digital assets and derivative contracts, and generates majority of its revenue from Hong Kong.
42GF Score

Get the complete analysis for MATH

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.99
Price
$2.30
GF Value