Workday Inc (WDAY)

Total asset 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
Revenue (ttm)	US$ in thousands	8,411,000	8,100,880	7,777,210	7,455,860	7,150,680	6,870,140	6,607,800	6,352,880	6,118,760	5,891,520	5,652,390	5,405,600	5,153,000	4,894,580	4,649,310	4,433,030	4,266,370	4,110,989	3,943,396	3,774,015
Total assets	US$ in thousands	17,977,000	16,424,000	16,234,000	15,941,000	16,452,000	13,925,900	13,735,300	13,252,800	13,486,000	12,389,800	13,249,600	12,799,100	10,498,500	9,440,880	9,113,840	8,624,010	8,718,410	7,845,030	7,501,450	7,227,500
Total asset turnover		0.47	0.49	0.48	0.47	0.43	0.49	0.48	0.48	0.45	0.48	0.43	0.42	0.49	0.52	0.51	0.51	0.49	0.52	0.53	0.52

January 31, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,411,000K ÷ $17,977,000K
= 0.47

Based on the data provided, Workday Inc's total asset turnover has fluctuated over the financial periods. The total asset turnover ratio measures the company's ability to generate revenue from its assets. A higher turnover ratio generally indicates that the company is more efficient in its asset utilization.

Workday Inc's total asset turnover ratio ranged from 0.42 to 0.53 over the periods mentioned. The company experienced a decrease in total asset turnover from 0.53 in July 2020 to 0.42 in April 2022, suggesting potential inefficiencies in asset utilization during that period. However, there was a gradual improvement in the ratio, reaching 0.47 by April 2024.

Overall, Workday Inc's total asset turnover ratio remained relatively stable around the range of 0.45 to 0.53, with a slight declining trend towards the most recent periods. This indicates that the company may need to focus on optimizing its asset management strategies to improve its efficiency in generating revenue from its assets.