Common-Size Balance Sheet: Assets
Quarterly Data
Workday Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 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), 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).
- Cash and cash equivalents
- Over the observed periods, cash and cash equivalents as a percentage of total assets experienced fluctuations. Beginning with moderate values around 10-16%, it peaked at 21.69% in April 2022 before entering a consistent downward trend, declining to a low of 5.65% by April 2025. This indicates a reduced liquidity buffer relative to total assets in recent quarters.
- Marketable securities
- This category showed an overall increasing trend, starting near 19% and gradually rising to over 40% of total assets by April 2025. The steady growth implies a strategic shift toward maintaining a larger portion of assets in marketable securities, potentially enhancing liquidity and investment returns.
- Trade and other receivables, net
- The percentage of trade and other receivables generally fluctuated between approximately 7% and 12%, with no clear persistent upward or downward trend. Several peaks and troughs suggest volatility, possibly reflecting variations in sales or collection efficiency.
- Deferred costs, current
- Current deferred costs remained relatively stable across all periods, consistently hovering around 1.3% to 1.6% of total assets, indicating consistent prepayments or costs recognized in future periods without significant variation.
- Prepaid expenses and other current assets
- This segment showed some variability but was generally maintained between 1.3% and 2.5% of total assets. Notable peaks and dips were identified, but no definitive trend emerged.
- Current assets
- Current assets percentage demonstrated a range generally between 45% and 61%, with growth seen from mid-2020 through early 2023, peaking at 61.57%, before a gradual decline to approximately 57.88% by April 2025. This suggests a fluctuating yet generally strong emphasis on current asset holdings.
- Property and equipment, net
- A steady decline is evident in this item, reducing from over 15% down to approximately 6.6% by April 2025. This decline suggests a reduction in capital-intensive assets or possible shifts towards less reliance on physical assets.
- Operating lease right-of-use assets
- There is a gradual decrease from near 5% to around 2%, indicating lower reliance on leased assets or changes in lease accounting treatments over time.
- Deferred costs, noncurrent
- This component remained relatively stable near 3% of total assets, reflecting consistent levels of long-term deferred costs without significant volatility.
- Acquisition-related intangible assets, net
- This category shows a decreasing trend, starting around 5%, falling to below 2% at points, and then stabilizing near 2%. This decline could reflect amortization or impairment of intangible assets related to past acquisitions.
- Deferred tax assets
- Deferred tax assets data is sporadic but shows a presence in the latter periods at a range roughly between 5.7% and 6.6%. This inclusion may reflect changing tax positions or timing differences recognized on the balance sheet.
- Goodwill
- Goodwill as a percentage of total assets declined over time from approximately 24% to around 20%, with some variation. The decreasing trend may be due to impairment charges, divestitures, or growth of other asset categories diluting goodwill's relative weight.
- Other assets
- Other assets remained fairly stable, occupying a narrow band between about 2% and 3%, contributing a minor but steady portion of total assets.
- Noncurrent assets
- Noncurrent assets decreased as a percentage of total assets, from more than 54% in earlier periods to around 42% by April 2025. This reflects a gradual shift towards a greater composition of current assets in total asset structure.