Common-Size Balance Sheet: Assets
Quarterly Data
Workday Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2026-04-30), 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-10-31), 10-Q (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 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).
The asset composition reveals a strategic shift in liquidity management and capital allocation over the analyzed period. There is a notable transition from immediate cash holdings toward marketable securities, alongside a long-term reduction in fixed asset intensity and a recent increase in intangible asset concentration.
- Liquidity and Cash Management
- A divergent trend is observed between cash and marketable securities. Cash and cash equivalents exhibited a general decline from 16.80% in April 2020 to 3.47% by April 2026. Conversely, marketable securities increased significantly, peaking at 40.66% in January 2025 before adjusting to 23.58% in the final period. This suggests a strategy of optimizing returns on idle cash by shifting funds into short-term investment vehicles.
- Fixed and Intangible Asset Evolution
- Net property and equipment showed a consistent downward trend, decreasing from 12.96% in April 2020 to 6.97% in April 2026, indicating a reduction in the proportion of physical infrastructure relative to total assets. In contrast, goodwill experienced a significant surge in the later stages of the period, rising from 17.30% in January 2024 to 32.49% by April 2026, which points toward increased acquisition activity.
- Current Asset Dynamics
- The proportion of current assets fluctuated moderately for several years before peaking at 61.57% in October 2023. However, a sharp contraction occurred thereafter, with current assets falling to 40.97% by April 2026. This decline is primarily attributed to the reduction in cash and the reallocation of resources toward noncurrent assets.
- Noncurrent Asset Trends
- Noncurrent assets mirrored the inverse movement of current assets, reaching a low of 38.43% in October 2023 before climbing to 59.03% by April 2026. This shift was driven largely by the expansion of goodwill and a moderate increase in deferred costs, signaling a transition toward a more intangible-heavy balance sheet.
- Working Capital Components
- Trade and other receivables remained relatively stable, generally oscillating between 6% and 12% of total assets. Deferred tax assets emerged as a consistent component starting in January 2024, stabilizing between 4% and 6% of total assets for the remainder of the period.
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