Workday Inc (WDAY)

Inventory turnover

		Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021
Cost of revenue	US$ in thousands	3,662,000	3,123,000	2,816,540	2,291,660	1,940,900
Inventory	US$ in thousands	—	—	191,054	0	0
Inventory turnover		—	—	14.74	—	—

January 31, 2025 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $3,662,000K ÷ $—K
= —

Inventory turnover is a key efficiency ratio that measures how many times a company's inventory is sold and replaced over a specific period. In the case of Workday Inc, the data provided shows varying levels of inventory turnover over the years.

For the fiscal year ending January 31, 2023, Workday Inc reported an inventory turnover ratio of 14.74. This indicates that the company sold and replenished its inventory approximately 14.74 times during that fiscal year.

The absence of inventory turnover data for the other years suggests that the company may have had inventory turnover ratios that were either extremely low or calculations were inapplicable due to specific circumstances.

It is important for Workday Inc to continuously monitor its inventory turnover ratio to ensure efficient management of its inventory levels, aligning them with sales demands to optimize operational efficiency and profitability.