Happy Square Outsourcing Services (NSE:WHITEFORCE) Days Payable: 2.39 (As of Mar. 2026) — 71% Below Median


NSE:WHITEFORCE Happy Square Outsourcing Services Ltd NSE:WHITEFORCE
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What is Happy Square Outsourcing Services Days Payable?

Happy Square Outsourcing Services NSE:WHITEFORCE 18 Days Payable is 2.39 as of Mar. 2026, which is 71% below its 10-year median of 8.26. GuruFocus rates NSE:WHITEFORCE with a GF Score™ of 18/100. The stock has 5 warning signs investors should review. Among 943 Business Services companies, Happy Square Outsourcing Services ranks worse than 96.5% on this metric.

Happy Square Outsourcing Services's average Accounts Payable for the six months ended in Mar. 2026 was ₹6 Mil. Happy Square Outsourcing Services's Cost of Goods Sold for the six months ended in Mar. 2026 was ₹980 Mil. Hence, Happy Square Outsourcing Services's Days Payable for the six months ended in Mar. 2026 was 1.20.

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

NSE:WHITEFORCE' s Days Payable Range Over the Past 10 Years
Min: 2.39   Med: 8.26   Max: 19.08
Current: 2.39

During the past 4 years, Happy Square Outsourcing Services's highest Days Payable was 19.08. The lowest was 2.39. And the median was 8.26.

NSE:WHITEFORCE's Days Payable is ranked worse than
96.5% of 943 companies
in the Business Services industry
Industry Median: 46.92 vs NSE:WHITEFORCE: 2.39

Happy Square Outsourcing Services's Days Payable declined from Mar. 2024 (11.76) to Mar. 2026 (2.39). It may suggest that Happy Square Outsourcing Services accelerated paying its suppliers.


Happy Square Outsourcing Services Days Payable Related Terms


Happy Square Outsourcing Services Days Payable Historical Data

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The historical data trend for Happy Square Outsourcing 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.

Happy Square Outsourcing Services Days Payable Chart

Happy Square Outsourcing Services Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Days Payable
19.08 11.76 4.75 2.39

Happy Square Outsourcing Services Semi-Annual Data
Mar23 Mar24 Mar25 Mar26
Days Payable 19.08 11.76 4.75 2.39

NSE:WHITEFORCE vs KFY, RHI, TNET: Days Payable Comparison

For the Staffing & Employment Services subindustry, Happy Square Outsourcing 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.


Happy Square Outsourcing Services Days Payable vs Business Services Industry

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

* The bar in red indicates where Happy Square Outsourcing Services's Days Payable falls into.


NSE:WHITEFORCE
18GF Score
Happy Square Outsourcing Services Ltd NSE:WHITEFORCE
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Happy Square Outsourcing 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.

Happy Square Outsourcing Services's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (8.085 + 4.754) / 2 ) / 980.005*365
=6.4195 / 980.005*365
=2.39

Happy Square Outsourcing Services'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: Mar. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (8.085 + 4.754) / 2 ) / 980.005*365 / 2
=6.4195 / 980.005*365 / 2
=1.20

* 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 2.39 mean?
Happy Square Outsourcing Services (NSE:WHITEFORCE) has a Days Payable of 2.39 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 Happy Square Outsourcing Services and its competitors. This is 71% below median its historical median of 8.26. Over the past decade, Happy Square Outsourcing Services' Days Payable has ranged from 2.39 to 19.08. According to the industry distribution chart, Happy Square Outsourcing Services ranks #910 out of 943 companies in the Business Services industry, placing it in the top 96.5%.
Is Happy Square Outsourcing Services' Days Payable too high?
Happy Square Outsourcing Services' current Days Payable of 2.39 is 71% below median its 10-year median of 8.26. Over the past 10 years, this metric has ranged from a low of 2.39 to a high of 19.08. The Business Services industry median Days Payable is 46.92. Happy Square Outsourcing Services' value of 2.39 is 94.9% below this industry median. Based on the distribution chart, Happy Square Outsourcing Services ranks #910 out of 943 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Happy Square Outsourcing Services has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Happy Square Outsourcing Services' Days Payable compare to KFY and RHI?
According to the Business Services industry distribution chart, Happy Square Outsourcing Services ranks #910 out of 943 companies for Days Payable. This places Happy Square Outsourcing Services in the lower half of its industry. The industry median Days Payable is 46.92. Happy Square Outsourcing Services' value of 2.39 is 94.9% below this benchmark. Historically, Happy Square Outsourcing Services' own Days Payable has ranged from 2.39 to 19.08 over the past decade. While the company's 10-year median is 8.26 vs. the industry median of 46.92, Happy Square Outsourcing Services 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 Business Services company?
The median Days Payable among Business Services companies is 46.92, based on 943 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. Happy Square Outsourcing Services's current Days Payable of 2.39 is 94.9% 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 Happy Square Outsourcing Services and its competitors. For the Business Services industry, the median Days Payable is 46.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Square Outsourcing Services's current Days Payable is 2.39, which is 71% below median its own 10-year median of 8.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happy Square Outsourcing Services stock overvalued right now?
Happy Square Outsourcing Services (NSE:WHITEFORCE) has a current Days Payable of 2.39. The current Days Payable is 2.39, which is 71% below median its 10-year median of 8.26 and 94.9% below the Business Services industry median of 46.92. Happy Square Outsourcing Services' overall GF Score™ is 18/100 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 Happy Square Outsourcing Services (NSE:WHITEFORCE), the current Days Payable is 2.39 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.

Happy Square Outsourcing Services Business Description

Address Nagpur Road, Rajpal Tower 240, Madan Mahal, Jabalpur, MP, IND, 482008
Happy Square Outsourcing Services Ltd is a technology-based consulting firm, involved in tech-based human resource outsourcing business, which focuses on end-to-end solutions. It offers a wide array of services such as Recruitment, Payroll, Onboarding, and flexible staffing. Its comprehensive network, structured processes, professionalism, and work ethics ensure that the company remains at the top on the domestic scale. The company satisfies firms' staffing and recruitment needs in India through its specialized, rich knowledge.
18GF Score

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