The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Happy Square Outsourcing Services's Revenue for the
six
months ended in Mar. 2026 was ₹658 Mil. Happy Square Outsourcing Services's average Accounts Receivable for the
six
months ended in Mar. 2026 was ₹340 Mil.
Hence, Happy Square Outsourcing Services's Receivables Turnover for the
six
months ended in Mar. 2026 was 1.93.
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Happy Square Outsourcing Services Receivables Turnover Related Terms
Happy Square Outsourcing Services Receivables Turnover Historical Data
* 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.
NSE:WHITEFORCE vs KFY, RHI, TNET: Receivables Turnover Comparison
For the Staffing & Employment Services subindustry, Happy Square Outsourcing Services's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover vs Business Services Industry
For the Business Services industry and Industrials sector, Happy Square Outsourcing Services's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Happy Square Outsourcing Services's Receivables Turnover falls into.
* 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 (NSE:WHITEFORCE) has a Receivables Turnover of 1.93 as of Mar. 2026. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Happy Square Outsourcing Services and its competitors. According to the industry distribution chart, Happy Square Outsourcing Services ranks #881 out of 1062 companies in the Business Services industry, placing it in the top 83%.
Is Happy Square Outsourcing Services' Receivables Turnover too high?
Happy Square Outsourcing Services' current Receivables Turnover is 1.93. The Business Services industry median Receivables Turnover is 6.18. Happy Square Outsourcing Services' value of 1.93 is 68.8% below this industry median. Based on the distribution chart, Happy Square Outsourcing Services ranks #881 out of 1062 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' Receivables Turnover compare to KFY and RHI?
According to the Business Services industry distribution chart, Happy Square Outsourcing Services ranks #881 out of 1062 companies for Receivables Turnover. This places Happy Square Outsourcing Services in the lower half of its industry. The industry median Receivables Turnover is 6.18. Happy Square Outsourcing Services' value of 1.93 is 68.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Business Services company?
The median Receivables Turnover among Business Services companies is 6.18, based on 1,062 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Happy Square Outsourcing Services's current Receivables Turnover of 1.93 is 68.8% 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 Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Happy Square Outsourcing Services and its competitors. For the Business Services industry, the median Receivables Turnover is 6.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Square Outsourcing Services's current Receivables Turnover is 1.93. 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 Receivables Turnover of 1.93. The current Receivables Turnover is 1.93 and 68.8% below the Business Services industry median of 6.18. 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 Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Happy Square Outsourcing Services (NSE:WHITEFORCE), the current Receivables Turnover is 1.93 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
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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