Workday Inc (WDAY)

Receivables turnover

		Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021
Revenue	US$ in thousands	8,440,000	7,151,000	6,112,720	5,144,470	4,250,860
Receivables	US$ in thousands	1,950,000	1,639,000	1,570,090	1,242,540	1,032,480
Receivables turnover		4.33	4.36	3.89	4.14	4.12

January 31, 2025 calculation

Receivables turnover = Revenue ÷ Receivables
= $8,440,000K ÷ $1,950,000K
= 4.33

The receivables turnover ratio for Workday Inc has been relatively stable over the past five years. It stood at 4.12 times in January 31, 2021, and slightly increased to 4.14 times in January 31, 2022. However, in the following year, the ratio declined to 3.89 times on January 31, 2023. Subsequently, the ratio rebounded to 4.36 times by January 31, 2024, and remained steady at 4.33 times in January 31, 2025. Overall, Workday Inc has maintained a healthy turnover of its receivables, indicating its ability to efficiently collect outstanding payments from customers over the years.