Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Workday Inc., long-term (investment) activity ratios (quarterly data)
Based on: 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Workday Inc. net fixed asset turnover ratio improved from Q2 2025 to Q3 2025 and from Q3 2025 to Q4 2025. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Workday Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from Q2 2025 to Q3 2025 and from Q3 2025 to Q4 2025. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Workday Inc. total asset turnover ratio improved from Q2 2025 to Q3 2025 but then deteriorated significantly from Q3 2025 to Q4 2025. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Workday Inc. equity turnover ratio improved from Q2 2025 to Q3 2025 but then deteriorated significantly from Q3 2025 to Q4 2025. |
Net Fixed Asset Turnover
Workday Inc., net fixed asset turnover calculation (quarterly data)
| 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 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Revenues | 2,211) | 2,160) | 2,085) | 1,990) | 1,922) | 1,866) | 1,787) | 1,684) | 1,646) | 1,599) | 1,536) | 1,435) | 1,376) | 1,327) | 1,260) | 1,175) | 1,132) | 1,106) | 1,062) | 1,018) | 976) | 938) | 888) | 825) | |||||||
| Property and equipment, net | 1,239) | 1,263) | 1,259) | 1,238) | 1,234) | 1,207) | 1,222) | 1,218) | 1,201) | 1,219) | 1,233) | 1,186) | 1,123) | 1,120) | 1,136) | 1,156) | 972) | 977) | 957) | 937) | 936) | 930) | 920) | 886) | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||||
| Net fixed asset turnover1 | 6.82 | 6.46 | 6.25 | 6.11 | 5.88 | 5.79 | 5.50 | 5.31 | 5.17 | 4.88 | 4.60 | 4.55 | 4.58 | 4.37 | 4.12 | 3.87 | 4.44 | 4.26 | 4.17 | 4.08 | 3.87 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||||||||||||||||||||||||||
| Accenture PLC | — | — | — | 44.02 | 42.66 | 44.42 | 44.26 | 44.00 | 41.90 | 41.40 | 40.46 | 38.17 | 37.12 | 35.78 | 34.22 | 32.49 | 30.83 | 31.16 | 30.44 | 29.69 | 28.68 | 30.82 | 31.33 | 31.71 | |||||||
| Adobe Inc. | — | — | — | — | 11.11 | 10.64 | 10.38 | 10.03 | 9.56 | 9.28 | 9.07 | 9.15 | 9.23 | 9.25 | 9.33 | 9.48 | 9.44 | 9.27 | 9.15 | 8.94 | 8.48 | 8.48 | 8.68 | 8.70 | |||||||
| Cadence Design Systems Inc. | — | — | — | — | 10.13 | 9.70 | 9.26 | 9.42 | 10.14 | 10.33 | 10.27 | 9.87 | 9.59 | 9.86 | 10.37 | 10.15 | 9.77 | 9.81 | 9.57 | 9.18 | 8.62 | — | — | — | |||||||
| CrowdStrike Holdings Inc. | 5.01 | 5.01 | 5.42 | 5.23 | 4.93 | 4.90 | 4.71 | 4.67 | 4.55 | 4.73 | 4.79 | 5.17 | 5.57 | 5.31 | 5.27 | 5.22 | 5.24 | 4.69 | 4.27 | 4.05 | 3.54 | — | — | — | |||||||
| International Business Machines Corp. | — | — | — | — | 10.95 | 11.15 | 11.14 | 11.10 | 11.25 | 11.39 | 11.12 | 11.34 | 11.35 | 11.75 | 11.31 | 10.50 | 10.07 | 6.68 | 6.93 | 7.33 | 7.33 | — | — | — | |||||||
| Intuit Inc. | — | — | 17.31 | 16.46 | 16.14 | 15.32 | 14.39 | 14.56 | 14.83 | 15.00 | 14.70 | 14.38 | 14.33 | 15.00 | 13.74 | 13.08 | 12.35 | 11.24 | 9.74 | 10.55 | 10.46 | 9.20 | 9.40 | 8.97 | |||||||
| Microsoft Corp. | — | — | 1.57 | 1.66 | 1.81 | 1.95 | 2.03 | 2.13 | 2.22 | 2.36 | 2.47 | 2.64 | 2.66 | 2.74 | 2.75 | 2.76 | 2.81 | 2.91 | 2.96 | 3.07 | 3.24 | 3.36 | 3.31 | 3.38 | |||||||
| Oracle Corp. | — | 1.74 | 2.08 | 2.33 | 2.46 | 2.75 | 2.87 | 2.89 | 2.93 | 2.93 | 3.21 | 3.60 | 4.37 | 4.86 | 5.16 | 5.37 | 5.74 | 5.82 | 5.95 | 6.13 | 6.26 | 6.36 | 6.31 | 6.31 | |||||||
| Palantir Technologies Inc. | — | — | — | — | 72.29 | 65.59 | 57.01 | 49.76 | 46.59 | 42.39 | 37.80 | 31.45 | 27.55 | 31.65 | 36.61 | 39.34 | 49.26 | — | — | — | — | — | — | — | |||||||
| Palo Alto Networks Inc. | — | — | 23.93 | 22.96 | 22.23 | 22.24 | 21.37 | 20.44 | 19.44 | 18.99 | 17.86 | 16.45 | 15.38 | 14.54 | 13.39 | 14.05 | 13.37 | 12.36 | 11.44 | 10.60 | 9.79 | 9.14 | 10.02 | 9.53 | |||||||
| Salesforce Inc. | 11.71 | 10.89 | 10.19 | 10.19 | 9.45 | 8.92 | 8.53 | 8.71 | 8.47 | 8.62 | 8.69 | 9.74 | 9.41 | 9.03 | 8.68 | 8.98 | 8.64 | 7.91 | 7.67 | 7.24 | 7.20 | — | — | — | |||||||
| ServiceNow Inc. | — | — | — | — | 6.23 | 6.09 | 6.20 | 6.54 | 6.61 | 7.07 | 6.98 | 6.82 | 6.88 | 7.57 | 7.54 | 7.84 | 7.70 | 7.47 | 7.06 | 6.97 | 6.85 | — | — | — | |||||||
| Synopsys Inc. | — | — | — | 11.11 | 10.88 | 10.66 | 10.68 | 10.57 | 10.48 | 10.31 | 9.68 | 10.01 | 10.51 | 10.17 | 9.68 | 9.43 | 8.90 | 8.67 | 8.32 | 7.85 | 7.62 | 7.25 | 7.23 | 7.38 | |||||||
Based on: 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).
1 Q4 2025 Calculation
Net fixed asset turnover
= (RevenuesQ4 2025
+ RevenuesQ3 2025
+ RevenuesQ2 2025
+ RevenuesQ1 2025)
÷ Property and equipment, net
= (2,211 + 2,160 + 2,085 + 1,990)
÷ 1,239 = 6.82
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Workday Inc. net fixed asset turnover ratio improved from Q2 2025 to Q3 2025 and from Q3 2025 to Q4 2025. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Workday Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation (quarterly data)
| 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 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Revenues | 2,211) | 2,160) | 2,085) | 1,990) | 1,922) | 1,866) | 1,787) | 1,684) | 1,646) | 1,599) | 1,536) | 1,435) | 1,376) | 1,327) | 1,260) | 1,175) | 1,132) | 1,106) | 1,062) | 1,018) | 976) | 938) | 888) | 825) | |||||||
| Property and equipment, net | 1,239) | 1,263) | 1,259) | 1,238) | 1,234) | 1,207) | 1,222) | 1,218) | 1,201) | 1,219) | 1,233) | 1,186) | 1,123) | 1,120) | 1,136) | 1,156) | 972) | 977) | 957) | 937) | 936) | 930) | 920) | 886) | |||||||
| Operating lease right-of-use assets | 336) | 335) | 339) | 323) | 289) | 266) | 262) | 255) | 249) | 268) | 286) | 252) | 248) | 270) | 276) | 281) | 414) | 416) | 325) | 310) | 291) | 289) | 295) | 280) | |||||||
| Property and equipment, net (including operating lease, right-of-use asset) | 1,575) | 1,598) | 1,598) | 1,561) | 1,523) | 1,473) | 1,484) | 1,473) | 1,451) | 1,487) | 1,519) | 1,438) | 1,371) | 1,390) | 1,411) | 1,437) | 1,387) | 1,392) | 1,282) | 1,247) | 1,227) | 1,218) | 1,214) | 1,166) | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 5.36 | 5.10 | 4.92 | 4.85 | 4.77 | 4.74 | 4.53 | 4.39 | 4.29 | 4.00 | 3.73 | 3.75 | 3.75 | 3.52 | 3.31 | 3.11 | 3.11 | 2.99 | 3.12 | 3.06 | 2.96 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||||||||||||||||||||||||||
| Accenture PLC | — | — | — | 15.89 | 15.17 | 15.96 | 15.77 | 15.97 | 15.38 | 14.85 | 14.14 | 13.47 | 13.17 | 12.30 | 11.56 | 11.17 | 10.48 | 10.27 | 9.83 | 9.71 | 9.37 | 9.54 | 9.69 | 9.68 | |||||||
| Adobe Inc. | — | — | — | — | 9.70 | 8.96 | 8.69 | 8.47 | 8.13 | 7.84 | 7.61 | 7.60 | 7.61 | 7.57 | 7.52 | 7.55 | 7.46 | 7.26 | 7.08 | 6.82 | 6.42 | 6.30 | 6.42 | 6.32 | |||||||
| CrowdStrike Holdings Inc. | 4.76 | 4.72 | 5.06 | 4.86 | 4.57 | 4.51 | 4.35 | 4.26 | 4.21 | 4.47 | 4.46 | 4.74 | 4.97 | 4.66 | 4.54 | 4.38 | 4.30 | 3.79 | 3.38 | 3.22 | 3.54 | — | — | — | |||||||
| International Business Machines Corp. | — | — | — | — | 7.03 | 6.98 | 7.14 | 7.06 | 7.09 | 7.21 | 7.48 | 7.45 | 7.37 | 7.67 | 7.35 | 6.73 | 6.43 | 4.56 | 4.73 | 4.97 | 5.00 | — | — | — | |||||||
| Intuit Inc. | — | — | 11.37 | 10.73 | 11.47 | 10.83 | 10.11 | 10.03 | 9.99 | 9.89 | 9.51 | 9.11 | 8.86 | 10.03 | 8.99 | 8.64 | 8.30 | 7.66 | 6.52 | 8.04 | 8.00 | 7.11 | 6.76 | 6.42 | |||||||
| Microsoft Corp. | — | — | 1.38 | 1.47 | 1.59 | 1.71 | 1.77 | 1.85 | 1.93 | 2.03 | 2.12 | 2.25 | 2.26 | 2.31 | 2.32 | 2.34 | 2.37 | 2.44 | 2.47 | 2.58 | 2.70 | 2.79 | 2.74 | 2.80 | |||||||
| Palantir Technologies Inc. | — | — | — | — | 11.92 | 10.50 | 9.65 | 10.58 | 9.65 | 8.84 | 8.06 | 7.27 | 7.07 | 7.12 | 6.73 | 6.17 | 6.21 | — | — | — | — | — | — | — | |||||||
| Palo Alto Networks Inc. | — | — | 11.72 | 11.05 | 10.75 | 10.82 | 10.63 | 11.50 | 11.16 | 11.00 | 10.33 | 9.47 | 9.17 | 8.68 | 8.08 | 7.91 | 7.32 | 6.86 | 6.49 | 6.08 | 5.62 | 5.26 | 5.37 | 5.03 | |||||||
| Salesforce Inc. | 7.03 | 6.66 | 6.39 | 6.20 | 5.76 | 5.37 | 5.13 | 5.08 | 4.76 | 4.72 | 4.80 | 4.83 | 4.65 | 4.40 | 4.03 | 4.02 | 3.75 | 3.67 | 3.52 | 3.31 | 3.16 | — | — | — | |||||||
| ServiceNow Inc. | — | — | — | — | 4.47 | 4.40 | 4.36 | 4.41 | 4.33 | 4.46 | 4.44 | 4.24 | 4.18 | 4.63 | 4.46 | 4.53 | 4.34 | 4.11 | 4.32 | 4.21 | 4.06 | — | — | — | |||||||
| Synopsys Inc. | — | — | — | 5.56 | 5.43 | 5.40 | 5.53 | 5.36 | 5.19 | 4.98 | 4.71 | 4.69 | 4.87 | 4.66 | 4.42 | 4.70 | 4.35 | 4.23 | 4.05 | 4.03 | 3.88 | 3.67 | 3.64 | 3.68 | |||||||
Based on: 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).
1 Q4 2025 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset)
= (RevenuesQ4 2025
+ RevenuesQ3 2025
+ RevenuesQ2 2025
+ RevenuesQ1 2025)
÷ Property and equipment, net (including operating lease, right-of-use asset)
= (2,211 + 2,160 + 2,085 + 1,990)
÷ 1,575 = 5.36
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Workday Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from Q2 2025 to Q3 2025 and from Q3 2025 to Q4 2025. |
Total Asset Turnover
Workday Inc., total asset turnover calculation (quarterly data)
| 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 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Revenues | 2,211) | 2,160) | 2,085) | 1,990) | 1,922) | 1,866) | 1,787) | 1,684) | 1,646) | 1,599) | 1,536) | 1,435) | 1,376) | 1,327) | 1,260) | 1,175) | 1,132) | 1,106) | 1,062) | 1,018) | 976) | 938) | 888) | 825) | |||||||
| Total assets | 17,977) | 16,424) | 16,234) | 15,941) | 16,452) | 13,926) | 13,735) | 13,253) | 13,486) | 12,390) | 13,250) | 12,799) | 10,499) | 9,441) | 9,114) | 8,624) | 8,718) | 7,845) | 7,501) | 7,228) | 6,816) | 6,156) | 5,992) | 5,824) | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||||
| Total asset turnover1 | 0.47 | 0.50 | 0.48 | 0.47 | 0.44 | 0.50 | 0.49 | 0.49 | 0.46 | 0.48 | 0.43 | 0.42 | 0.49 | 0.52 | 0.51 | 0.52 | 0.50 | 0.53 | 0.53 | 0.53 | 0.53 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | |||||||||||||||||||||||||||||||
| Accenture PLC | — | — | — | 1.11 | 1.16 | 1.19 | 1.26 | 1.25 | 1.25 | 1.27 | 1.32 | 1.32 | 1.30 | 1.29 | 1.28 | 1.23 | 1.17 | 1.14 | 1.14 | 1.17 | 1.20 | 1.27 | 1.33 | 1.33 | |||||||
| Adobe Inc. | — | — | — | — | 0.71 | 0.70 | 0.68 | 0.69 | 0.65 | 0.65 | 0.66 | 0.67 | 0.65 | 0.64 | 0.63 | 0.62 | 0.58 | 0.58 | 0.56 | 0.55 | 0.53 | 0.55 | 0.56 | 0.55 | |||||||
| Cadence Design Systems Inc. | — | — | — | — | 0.52 | 0.47 | 0.58 | 0.71 | 0.72 | 0.72 | 0.74 | 0.71 | 0.69 | 0.69 | 0.75 | 0.72 | 0.68 | 0.71 | 0.70 | 0.70 | 0.68 | — | — | — | |||||||
| CrowdStrike Holdings Inc. | 0.45 | 0.48 | 0.49 | 0.48 | 0.46 | 0.49 | 0.48 | 0.48 | 0.45 | 0.46 | 0.44 | 0.43 | 0.40 | 0.39 | 0.36 | 0.35 | 0.32 | 0.44 | 0.40 | 0.37 | 0.34 | — | — | — | |||||||
| International Business Machines Corp. | — | — | — | — | 0.46 | 0.47 | 0.47 | 0.45 | 0.46 | 0.47 | 0.46 | 0.45 | 0.48 | 0.48 | 0.47 | 0.44 | 0.43 | 0.42 | 0.44 | 0.47 | 0.47 | — | — | — | |||||||
| Intuit Inc. | — | — | 0.54 | 0.50 | 0.51 | 0.50 | 0.51 | 0.52 | 0.52 | 0.49 | 0.50 | 0.49 | 0.46 | 0.45 | 0.43 | 0.69 | 0.62 | 0.56 | 0.53 | 0.81 | 0.70 | 0.88 | 1.06 | 1.12 | |||||||
| Microsoft Corp. | — | — | 0.49 | 0.49 | 0.48 | 0.49 | 0.48 | 0.49 | 0.51 | 0.55 | 0.56 | 0.56 | 0.54 | 0.56 | 0.54 | 0.53 | 0.50 | 0.52 | 0.50 | 0.49 | 0.47 | 0.49 | 0.47 | 0.47 | |||||||
| Oracle Corp. | — | 0.35 | 0.37 | 0.37 | 0.38 | 0.38 | 0.38 | 0.37 | 0.37 | 0.36 | 0.36 | 0.34 | 0.39 | 0.39 | 0.39 | 0.33 | 0.31 | 0.34 | 0.36 | 0.35 | 0.34 | 0.41 | 0.40 | 0.37 | |||||||
| Palantir Technologies Inc. | — | — | — | — | 0.45 | 0.46 | 0.48 | 0.49 | 0.49 | 0.51 | 0.51 | 0.54 | 0.55 | 0.55 | 0.53 | 0.50 | 0.47 | — | — | — | — | — | — | — | |||||||
| Palo Alto Networks Inc. | — | — | 0.41 | 0.41 | 0.40 | 0.43 | 0.41 | 0.49 | 0.48 | 0.46 | 0.47 | 0.46 | 0.45 | 0.47 | 0.47 | 0.44 | 0.42 | 0.42 | 0.40 | 0.41 | 0.38 | 0.50 | 0.43 | 0.44 | |||||||
| Salesforce Inc. | 0.37 | 0.41 | 0.40 | 0.37 | 0.35 | 0.37 | 0.36 | 0.34 | 0.32 | 0.33 | 0.31 | 0.30 | 0.28 | 0.29 | 0.27 | 0.34 | 0.32 | 0.34 | 0.34 | 0.34 | 0.31 | — | — | — | |||||||
| ServiceNow Inc. | — | — | — | — | 0.54 | 0.57 | 0.55 | 0.54 | 0.52 | 0.56 | 0.54 | 0.56 | 0.54 | 0.62 | 0.59 | 0.57 | 0.55 | 0.58 | 0.56 | 0.55 | 0.52 | — | — | — | |||||||
| Synopsys Inc. | — | — | — | 0.47 | 0.47 | 0.52 | 0.55 | 0.57 | 0.57 | 0.56 | 0.54 | 0.54 | 0.54 | 0.53 | 0.52 | 0.51 | 0.48 | 0.48 | 0.48 | 0.48 | 0.46 | 0.46 | 0.46 | 0.47 | |||||||
Based on: 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).
1 Q4 2025 Calculation
Total asset turnover
= (RevenuesQ4 2025
+ RevenuesQ3 2025
+ RevenuesQ2 2025
+ RevenuesQ1 2025)
÷ Total assets
= (2,211 + 2,160 + 2,085 + 1,990)
÷ 17,977 = 0.47
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Workday Inc. total asset turnover ratio improved from Q2 2025 to Q3 2025 but then deteriorated significantly from Q3 2025 to Q4 2025. |
Equity Turnover
Workday Inc., equity turnover calculation (quarterly data)
| 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 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Revenues | 2,211) | 2,160) | 2,085) | 1,990) | 1,922) | 1,866) | 1,787) | 1,684) | 1,646) | 1,599) | 1,536) | 1,435) | 1,376) | 1,327) | 1,260) | 1,175) | 1,132) | 1,106) | 1,062) | 1,018) | 976) | 938) | 888) | 825) | |||||||
| Stockholders’ equity | 9,034) | 8,624) | 8,345) | 8,163) | 8,082) | 6,625) | 6,275) | 5,942) | 5,586) | 5,409) | 5,128) | 4,781) | 4,535) | 4,216) | 3,868) | 3,405) | 3,278) | 3,078) | 2,838) | 2,602) | 2,487) | 2,319) | 2,210) | 2,045) | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||||
| Equity turnover1 | 0.93 | 0.95 | 0.94 | 0.93 | 0.90 | 1.05 | 1.07 | 1.09 | 1.11 | 1.10 | 1.11 | 1.13 | 1.13 | 1.16 | 1.21 | 1.31 | 1.32 | 1.35 | 1.41 | 1.47 | 1.46 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Equity Turnover, Competitors2 | |||||||||||||||||||||||||||||||
| Accenture PLC | — | — | — | 2.27 | 2.29 | 2.32 | 2.38 | 2.42 | 2.50 | 2.51 | 2.66 | 2.72 | 2.79 | 2.79 | 2.76 | 2.64 | 2.59 | 2.48 | 2.49 | 2.50 | 2.61 | 2.78 | 2.89 | 2.90 | |||||||
| Adobe Inc. | — | — | — | — | 1.52 | 1.44 | 1.38 | 1.29 | 1.18 | 1.20 | 1.24 | 1.27 | 1.25 | 1.20 | 1.19 | 1.17 | 1.07 | 1.05 | 1.04 | 1.01 | 0.97 | 1.06 | 1.11 | 1.11 | |||||||
| Cadence Design Systems Inc. | — | — | — | — | 0.99 | 0.95 | 0.98 | 1.14 | 1.20 | 1.26 | 1.31 | 1.25 | 1.30 | 1.27 | 1.25 | 1.14 | 1.09 | 1.13 | 1.15 | 1.10 | 1.08 | — | — | — | |||||||
| CrowdStrike Holdings Inc. | 1.21 | 1.22 | 1.23 | 1.30 | 1.33 | 1.40 | 1.44 | 1.52 | 1.53 | 1.55 | 1.50 | 1.48 | 1.42 | 1.36 | 1.26 | 1.18 | 1.00 | 0.94 | 0.83 | 0.75 | 0.65 | — | — | — | |||||||
| International Business Machines Corp. | — | — | — | — | 2.30 | 2.56 | 2.60 | 2.67 | 2.75 | 2.65 | 2.73 | 2.80 | 2.76 | 3.02 | 3.07 | 3.06 | 3.03 | 2.75 | 2.98 | 3.24 | 3.57 | — | — | — | |||||||
| Intuit Inc. | — | — | 0.96 | 0.91 | 0.88 | 0.84 | 0.89 | 0.87 | 0.83 | 0.80 | 0.86 | 0.83 | 0.77 | 0.76 | 0.73 | 1.06 | 0.98 | 0.89 | 0.87 | 1.49 | 1.50 | 1.45 | 1.91 | 1.91 | |||||||
| Microsoft Corp. | — | — | 0.86 | 0.88 | 0.91 | 0.93 | 0.96 | 0.99 | 1.03 | 1.07 | 1.11 | 1.17 | 1.19 | 1.18 | 1.16 | 1.16 | 1.18 | 1.19 | 1.18 | 1.19 | 1.21 | 1.21 | 1.22 | 1.22 | |||||||
| Oracle Corp. | — | 3.33 | 4.00 | 4.98 | 6.08 | 9.34 | 13.35 | 21.50 | 46.56 | — | — | — | — | — | — | — | 7.73 | 4.46 | 4.98 | 4.13 | 3.24 | 2.79 | 2.54 | 2.14 | |||||||
| Palantir Technologies Inc. | — | — | — | — | 0.57 | 0.59 | 0.61 | 0.62 | 0.64 | 0.67 | 0.69 | 0.73 | 0.74 | 0.77 | 0.74 | 0.70 | 0.67 | — | — | — | — | — | — | — | |||||||
| Palo Alto Networks Inc. | — | — | 1.34 | 1.40 | 1.55 | 1.74 | 1.73 | 3.32 | 3.94 | 5.27 | 8.44 | 11.45 | 26.20 | 15.31 | 41.24 | 8.78 | 6.71 | 4.00 | 3.65 | 4.80 | 3.09 | 4.38 | 1.94 | 1.99 | |||||||
| Salesforce Inc. | 0.62 | 0.64 | 0.63 | 0.60 | 0.58 | 0.58 | 0.57 | 0.56 | 0.54 | 0.51 | 0.49 | 0.47 | 0.46 | 0.44 | 0.42 | 0.53 | 0.51 | 0.50 | 0.50 | 0.53 | 0.50 | — | — | — | |||||||
| ServiceNow Inc. | — | — | — | — | 1.14 | 1.13 | 1.15 | 1.17 | 1.18 | 1.18 | 1.16 | 1.36 | 1.44 | 1.53 | 1.57 | 1.57 | 1.60 | 1.57 | 1.58 | 1.59 | 1.59 | — | — | — | |||||||
| Synopsys Inc. | — | — | — | 0.65 | 0.68 | 0.79 | 0.85 | 0.90 | 0.95 | 0.93 | 0.91 | 0.92 | 0.92 | 0.88 | 0.86 | 0.84 | 0.79 | 0.79 | 0.78 | 0.78 | 0.75 | 0.76 | 0.80 | 0.81 | |||||||
Based on: 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).
1 Q4 2025 Calculation
Equity turnover
= (RevenuesQ4 2025
+ RevenuesQ3 2025
+ RevenuesQ2 2025
+ RevenuesQ1 2025)
÷ Stockholders’ equity
= (2,211 + 2,160 + 2,085 + 1,990)
÷ 9,034 = 0.93
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Workday Inc. equity turnover ratio improved from Q2 2025 to Q3 2025 but then deteriorated significantly from Q3 2025 to Q4 2025. |