Happy Square Outsourcing ServicesNSE:WHITEFORCE +4.96%30 Return-on-Tangible-Asset is 15.17% as of Mar. 2026, which is 1% below its 10-year median of 15.38. GuruFocus rates NSE:WHITEFORCE with a GF Score™ of 30/100. The stock has 5 warning signs investors should review. Among 1,097 Business Services companies, Happy Square Outsourcing Services ranks better than 82.5% on this metric.
The historical rank and industry rank for Happy Square Outsourcing Services's Return-on-Tangible-Asset or its related term are showing as below:
NSE:WHITEFORCE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 12.07 Med: 15.38 Max: 21.04
Current: 12.07
During the past 4 years, Happy Square Outsourcing Services's highest Return-on-Tangible-Asset was 21.04%. The lowest was 12.07%. And the median was 15.38%.
NSE:WHITEFORCE's Return-on-Tangible-Asset is ranked better than 82.5% of 1097
companies
in the Business Services industry
Industry Median: 3.94
vs NSE:WHITEFORCE: 12.07
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Happy Square Outsourcing Services Return-on-Tangible-Asset Related Terms
Happy Square Outsourcing Services Return-on-Tangible-Asset 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: Return-on-Tangible-Asset Comparison
For the Staffing & Employment Services subindustry, Happy Square Outsourcing Services's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, Happy Square Outsourcing Services's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Happy Square Outsourcing Services's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 15.17% mean?
Happy Square Outsourcing Services (NSE:WHITEFORCE) has a Return-on-Tangible-Asset of 15.17% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Happy Square Outsourcing Services and its competitors. This is near median its historical median of 15.38. Over the past decade, Happy Square Outsourcing Services' Return-on-Tangible-Asset has ranged from 12.07 to 21.04. According to the industry distribution chart, Happy Square Outsourcing Services ranks #192 out of 1097 companies in the Business Services industry, placing it in the top 17.5%.
Is Happy Square Outsourcing Services' Return-on-Tangible-Asset too high?
Happy Square Outsourcing Services' current Return-on-Tangible-Asset of 15.17% is near median its 10-year median of 15.38. Over the past 10 years, this metric has ranged from a low of 12.07 to a high of 21.04. The Business Services industry median Return-on-Tangible-Asset is 3.94. Happy Square Outsourcing Services' value of 15.17% is 285% above this industry median. Based on the distribution chart, Happy Square Outsourcing Services ranks #192 out of 1097 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Happy Square Outsourcing Services has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Happy Square Outsourcing Services' Return-on-Tangible-Asset compare to KFY and RHI?
According to the Business Services industry distribution chart, Happy Square Outsourcing Services ranks #192 out of 1097 companies for Return-on-Tangible-Asset. This places Happy Square Outsourcing Services in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.94. Happy Square Outsourcing Services' value of 15.17% is 285% above this benchmark. Historically, Happy Square Outsourcing Services' own Return-on-Tangible-Asset has ranged from 12.07 to 21.04 over the past decade. While the company's 10-year median is 15.38 vs. the industry median of 3.94, Happy Square Outsourcing Services 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 Return-on-Tangible-Asset for a Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.94, based on 1,097 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Happy Square Outsourcing Services's current Return-on-Tangible-Asset of 15.17% is 285% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Happy Square Outsourcing Services and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Square Outsourcing Services's current Return-on-Tangible-Asset is 15.17%, which is near median its own 10-year median of 15.38. 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 Return-on-Tangible-Asset of 15.17%. The current Return-on-Tangible-Asset is 15.17%, which is near median its 10-year median of 15.38 and 285% above the Business Services industry median of 3.94. Happy Square Outsourcing Services' overall GF Score™ is 30/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Happy Square Outsourcing Services (NSE:WHITEFORCE), the current Return-on-Tangible-Asset is 15.17% 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.
30GF Score
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