Workday Inc (WDAY)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	3,624,000	3,487,743	3,351,201	3,222,348	3,123,000	3,059,369	2,992,669	2,920,173	2,816,537	2,698,743	2,558,091	2,423,532	2,291,656	2,181,295	2,084,947	1,976,796	1,940,898	1,903,477	1,872,630	1,857,236
Inventory	US$ in thousands	—	—	—	—	—	207,566	198,677	191,966	191,054	0	165,012	—	—	—	—	—	—	—	—	—
Inventory turnover		—	—	—	—	—	14.74	15.06	15.21	14.74	—	15.50	—	—	—	—	—	—	—	—	—

January 31, 2025 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,624,000K ÷ $—K
= —

Workday Inc's inventory turnover ratio provides insight into how efficiently the company manages its inventory levels. As per the available data, the inventory turnover ratio was not calculated until the quarter ending July 31, 2022, after which the ratio stood at 15.50. This indicates that, on an annual basis, Workday Inc sold and replaced its entire inventory 15.50 times during the period.

Subsequently, the inventory turnover ratio fluctuated slightly but remained relatively steady, with values of 14.74 and ranging between 15.06 and 15.21 in the subsequent quarters. A high inventory turnover ratio suggests that the company is effectively managing its inventory by quickly selling products and restocking, which can lead to reduced carrying costs and potential obsolescence risks.

Overall, Workday Inc's consistent inventory turnover ratios indicate efficient inventory management practices, allowing the company to effectively utilize its resources and optimize cash flow by swiftly converting inventory into sales.