TeamLease Services (NSE:TEAMLEASE) Days Payable : 2.13 (As of Dec. 2024)

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What is TeamLease Services Days Payable?

TeamLease Services's average Accounts Payable for the three months ended in Dec. 2024 was ₹649 Mil. TeamLease Services's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹27,803 Mil. Hence, TeamLease Services's Days Payable for the three months ended in Dec. 2024 was 2.13.

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

NSE:TEAMLEASE' s Days Payable Range Over the Past 10 Years
Min: 1.13 Med: 2.16 Max: 2.79
Current: 2.21

During the past 10 years, TeamLease Services's highest Days Payable was 2.79. The lowest was 1.13. And the median was 2.16.

NSE:TEAMLEASE's Days Payable is ranked worse than
96.81% of 908 companies
in the Business Services industry
Industry Median: 46.105 vs NSE:TEAMLEASE: 2.21

TeamLease Services's Days Payable increased from Dec. 2023 (1.95) to Dec. 2024 (2.13). It may suggest that TeamLease Services delayed paying its suppliers.

TeamLease Services Days Payable Historical Data

The historical data trend for TeamLease Services'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.

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TeamLease Services Days Payable Chart

TeamLease Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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2.60

2.79

2.22

2.23

2.31

TeamLease Services Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															1.95	3.11	2.28	2.22	2.13

Competitive Comparison of TeamLease Services's Days Payable

For the Staffing & Employment Services subindustry, TeamLease Services'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.

TeamLease Services's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, TeamLease Services's Days Payable distribution charts can be found below:

* The bar in red indicates where TeamLease Services's Days Payable falls into.

TeamLease Services 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.

TeamLease Services's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (447.9	+	616.6)	/	2 )	/	84167.5	*	365
=	532.25					/	84167.5	*	365
=	2.31

TeamLease Services's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (649	+	0)	/	1 )	/	27803.3	*	365 / 4
=	649					/	27803.3	*	365 / 4
=	2.13

TeamLease Services Days Payable Related Terms

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TeamLease Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » TeamLease Services Ltd (NSE:TEAMLEASE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

539658:India

Address

Jyothi Nivas College Road, 315 Work Avenue Campus, Ascent Building, Number 77, Koramangala Industrial Layout, Koramangala, Bengaluru, KA, IND, 560095

Website

https://group.teamlease.com

TeamLease Services Ltd provides human resource services. Its employment services include temporary staffing solutions, permanent recruitment services, and regulatory consultancy for labor law compliance. Its segments are General Staffing and Allied Services, which include Staffing, Temporary Recruitment and Payroll & NETAP, and Other HR Services segments, which Comprises of Regulatory Compliance and Training, etc. The General staffing and Allied Services segment generates the majority of revenue. Geographically the company operates in India and outside India, where the major revenue is generated from India itself.

TeamLease Services Headlines

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