Workday Inc (WDAY)
Total asset 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 |
| Total assets | US$ in thousands | 17,977,000 | 16,452,000 | 13,486,000 | 10,498,500 | 8,718,410 |
| Total asset turnover | 0.47 | 0.43 | 0.45 | 0.49 | 0.49 |
January 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $8,440,000K ÷ $17,977,000K
= 0.47
Workday Inc's total asset turnover ratio has shown a consistent trend over the past five years. The ratio has remained relatively stable, ranging from 0.43 to 0.49, indicating that the company has been generating revenue efficiently in relation to its total assets. However, there was a slight decrease from 0.49 in January 31, 2022, to 0.45 in January 31, 2023, and further to 0.43 in January 31, 2024, before a slight increase to 0.47 in January 31, 2025.
This suggests that Workday Inc may have experienced challenges in effectively utilizing its assets to generate revenue in the financial years 2023 and 2024. It will be essential for the company to monitor and potentially improve its asset management strategies to enhance operational efficiency and profitability in the future.
Peer comparison
Jan 31, 2025