Stock Analysis on Net

Workday Inc. (NASDAQ:WDAY)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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Workday Inc., common-size consolidated balance sheet: assets (quarterly data)

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Jul 31, 2025 Apr 30, 2025 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
Cash and cash equivalents
Marketable securities
Trade and other receivables, net
Deferred costs, current
Prepaid expenses and other current assets
Current assets
Property and equipment, net
Operating lease right-of-use assets
Deferred costs, noncurrent
Acquisition-related intangible assets, net
Deferred tax assets
Goodwill
Other assets
Noncurrent assets
Total assets

Based on: 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), 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
The proportion of cash and cash equivalents relative to total assets exhibits notable fluctuations over the periods analyzed. From April 2019 to January 2020, the ratio remains around 10-16%, with a peak near 16.8% in April 2020. Subsequently, it descends gradually to a low of approximately 5.65% in April 2025, indicating a diminishing share of liquid cash holdings within the total asset base over time.
Marketable securities
Marketable securities as a percentage of total assets display an overall increasing trend. Starting at around 19% in April 2019, the value rises steadily across the reported quarters, reaching its highest points above 40% by April 2025. This upward trend suggests a strategic shift towards greater investment in liquid financial instruments relative to total assets.
Trade and other receivables, net
The share of trade and other receivables relative to total assets generally fluctuates between approximately 7% and 12%. Periods of decline tend to be followed by partial recoveries, reflecting variability in receivables management or sales on credit. The ratio remains relatively stable without a clear long-term increasing or decreasing trend.
Deferred costs, current
The current deferred costs component remains stable around 1.4% of total assets throughout the periods, with minor deviations and slight increases toward the end of the timeline, ultimately reaching around 1.55-1.56%. This suggests consistent capitalization of costs with little volatility relative to asset size.
Prepaid expenses and other current assets
This item shows minor fluctuations, mostly ranging between 1.2% and 2.5% of total assets. There is no clear directional trend, although some quarters exhibit slight increases. This stability indicates relatively steady levels of prepaid expenses and other similar current asset items.
Current assets
Current assets as a share of total assets oscillate noticeably over time. From approximately 45-50% during 2019 and early 2020, the ratio increases reaching above 60% in several quarters between 2022 and 2024 before decreasing slightly thereafter. This pattern indicates variability in liquidity and short-term resource allocation within the asset structure.
Property and equipment, net
There is a gradual declining trend in net property and equipment as a percentage of total assets. Starting near 15% in 2019, the ratio steadily decreases to approximately 6-7% by 2025, implying lower emphasis or reduced investment in fixed tangible assets over time.
Operating lease right-of-use assets
The ratio of operating lease right-of-use assets to total assets decreases from about 4.8% in April 2019 to around 2% in 2022, but then shows some increase toward 4% by January 2025. This suggests fluctuations in leased asset utilization, with a recent rise possibly reflecting renewed leasing activities or accounting adjustments.
Deferred costs, noncurrent
Noncurrent deferred costs remain relatively stable, typically around 3% of total assets, with slight fluctuations between 2.9% and 3.2%. This steadiness indicates consistent deferred cost recognition and amortization policies.
Acquisition-related intangible assets, net
The proportion of acquisition-related intangible assets declines over the examined periods, from approximately 5% at the start to below 2% by 2025. This downward movement likely reflects amortization, impairment, or fewer acquisitions contributing to intangible assets relative to total assets.
Deferred tax assets
Deferred tax assets are recorded starting only toward the later years, with values around 5.3% to 6.6% of total assets. The presence and relatively stable proportion in recent years suggest recognition of deferred tax benefits within the asset base.
Goodwill
Goodwill’s share of total assets experiences variability but an overall gradual decline. Initially around 23-27%, the percentage decreases to approximately 19% through the later periods. This trend may indicate amortization or impairment of goodwill or relatively slower growth in goodwill compared to total assets.
Other assets
The category of other assets maintains a fairly stable proportion, typically around 2% to 3% of total assets, with minor fluctuations up and down. This indicates consistent levels of assets not otherwise classified.
Noncurrent assets
Noncurrent assets as a percentage of total assets exhibit a gradual decreasing trend over time. From levels exceeding 54% in 2019 and early 2020, the ratio decreases to approximately 41-42% by 2025, reflecting a potential shift in asset composition favoring current over noncurrent assets.
Total assets
Total assets are normalized to 100% for each period, serving as the basis for proportion calculations.