Workday Inc (WDAY)

Days of inventory on hand (DOH)

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020
Inventory turnover		—	—	—	—	—	14.74	15.06	15.21	14.74	—	15.50	—	—	—	—	—	—	—	—	—
DOH	days	—	—	—	—	—	24.76	24.23	23.99	24.76	—	23.54	—	—	—	—	—	—	—	—	—

January 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The days of inventory on hand (DOH) of Workday Inc have shown variability over the years based on the available data. For the most recent quarters, specifically in July 2022, the company had 23.54 days of inventory on hand, which slightly increased to 24.76 days by January 2023. This indicates that the company is holding onto its inventory for a slightly longer period before it is sold or used.

The trend continued with relatively stable DOH figures of 23.99 days in April 2023 and 24.23 days in July 2023. By October 2023, the DOH increased again to 24.76 days, showing consistency with the levels seen in January 2023.

The availability of inventory on hand for Workday Inc plays a critical role in the company's operations, as it represents the number of days it typically takes to sell its existing inventory. A higher DOH value could indicate potential inefficiencies in managing inventory levels, while a lower value may suggest better inventory turnover and potentially reduced storage costs.

It is important for Workday Inc to monitor its DOH metric regularly to ensure optimal inventory management practices, balancing the costs associated with carrying excess inventory against the risk of stockouts and lost sales from holding too little inventory. This analysis provides valuable insights into the company's inventory management efficiency and effectiveness in meeting customer demand while controlling inventory-related costs.