Total Asset Turnover
since 2013
Calculation
Workday Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenues1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Jan 31, 2026 | 0.53 | = | 9,552) | ÷ | 18,074) |
| Jan 31, 2025 | 0.47 | = | 8,446) | ÷ | 17,977) |
| Jan 31, 2024 | 0.44 | = | 7,259) | ÷ | 16,452) |
| Jan 31, 2023 | 0.46 | = | 6,216) | ÷ | 13,486) |
| Jan 31, 2022 | 0.49 | = | 5,139) | ÷ | 10,499) |
| Jan 31, 2021 | 0.50 | = | 4,318) | ÷ | 8,718) |
| Jan 31, 2020 | 0.53 | = | 3,627) | ÷ | 6,816) |
| Jan 31, 2019 | 0.51 | = | 2,822) | ÷ | 5,521) |
| Jan 31, 2018 | 0.43 | = | 2,143) | ÷ | 4,947) |
| Jan 31, 2017 | 0.50 | = | 1,569) | ÷ | 3,166) |
| Jan 31, 2016 | 0.43 | = | 1,162) | ÷ | 2,730) |
| Jan 31, 2015 | 0.33 | = | 788) | ÷ | 2,359) |
| Jan 31, 2014 | 0.22 | = | 469) | ÷ | 2,176) |
| Jan 31, 2013 | 0.29 | = | 274) | ÷ | 959) |
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31).
1 US$ in millions
The total asset turnover ratio for the period examined demonstrates fluctuations while generally trending upwards over the long term. Initial values indicate a relatively low efficiency in asset utilization, which improves significantly before stabilizing. A closer examination reveals distinct phases in the company’s operational efficiency.
- Initial Phase (2013-2014)
- From 2013 to 2014, the total asset turnover ratio decreased from 0.29 to 0.22. This decline suggests a reduced ability to generate revenue from its asset base during this period. The increase in total assets outpaced the growth in revenues, contributing to this decrease.
- Improvement Phase (2014-2017)
- Following 2014, the ratio experienced a period of improvement, increasing from 0.22 in 2014 to 0.50 in 2017. This indicates a growing efficiency in utilizing assets to generate revenue. Revenue growth consistently exceeded the growth in total assets during these years, driving the positive trend.
- Stabilization and Fluctuation (2017-2023)
- From 2017 to 2023, the total asset turnover ratio exhibited more stability, fluctuating between 0.43 and 0.53. While there were year-to-year variations, the ratio remained within a relatively narrow range, suggesting a consistent level of asset utilization efficiency. The ratio peaked at 0.53 in 2017 and 2026, and reached a low of 0.46 in 2022.
- Recent Trend (2023-2025)
- The ratio decreased slightly from 0.46 in 2022 to 0.44 in 2023, before increasing to 0.47 in 2024 and 0.53 in 2025. This recent increase suggests a renewed improvement in the efficiency of asset utilization, potentially due to strategic asset management or increased sales effectiveness.
Overall, the company demonstrates an increasing ability to generate revenue from its assets over the analyzed period, despite some short-term fluctuations. The most significant improvement occurred between 2014 and 2017, after which the ratio stabilized within a reasonable range, with a recent uptick indicating positive momentum.
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Comparison to Competitors
Workday Inc., total asset turnover, long-term trends, comparison to competitors
| Workday Inc. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Datadog Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 31, 2026 | 0.53 | — | — | — | — | 0.43 | — | — | — | — | — | — | — | 0.37 | — | — |
| Jan 31, 2025 | 0.47 | 1.07 | 0.81 | 0.75 | 0.52 | 0.45 | 0.52 | 0.44 | 0.51 | 0.46 | 0.34 | 0.50 | 0.39 | 0.37 | 0.51 | 0.15 |
| Jan 31, 2024 | 0.44 | 1.16 | 0.71 | 0.80 | 0.52 | 0.46 | 0.46 | 0.46 | 0.51 | 0.48 | 0.38 | 0.45 | 0.40 | 0.35 | 0.54 | 0.47 |
| Jan 31, 2023 | 0.46 | 1.25 | 0.65 | 0.61 | 0.72 | 0.45 | 0.54 | 0.46 | 0.52 | 0.51 | 0.37 | 0.49 | 0.48 | 0.32 | 0.52 | 0.57 |
| Jan 31, 2022 | 0.49 | 1.30 | 0.65 | 0.48 | 0.69 | 0.40 | 0.56 | 0.48 | 0.46 | 0.54 | 0.39 | 0.55 | 0.45 | 0.28 | 0.54 | 0.54 |
| Jan 31, 2021 | 0.50 | 1.17 | 0.58 | 0.45 | 0.68 | 0.32 | 0.43 | 0.43 | 0.62 | 0.50 | 0.31 | 0.47 | 0.42 | 0.32 | 0.55 | 0.48 |
| Jan 31, 2020 | 0.53 | 1.20 | 0.53 | — | 0.68 | 0.34 | 0.32 | 0.47 | 0.70 | 0.47 | 0.34 | 0.41 | 0.38 | 0.31 | 0.52 | 0.46 |
| Jan 31, 2019 | 0.51 | 1.45 | 0.54 | — | 0.70 | — | 0.35 | 0.51 | 1.08 | 0.44 | 0.36 | — | 0.44 | 0.43 | 0.57 | 0.52 |
| Jan 31, 2018 | 0.43 | 1.70 | 0.48 | — | 0.87 | — | — | 0.65 | 1.15 | 0.43 | 0.29 | — | 0.39 | 0.50 | 0.67 | 0.51 |
| Jan 31, 2017 | 0.50 | 1.62 | 0.50 | — | 0.80 | — | — | 0.63 | 1.27 | 0.37 | 0.28 | — | 0.51 | 0.48 | 0.57 | 0.50 |
| Jan 31, 2016 | 0.43 | 1.69 | 0.46 | — | 0.87 | — | — | 0.68 | 1.10 | 0.44 | 0.33 | — | 0.50 | 0.52 | 0.68 | 0.46 |
| Jan 31, 2015 | 0.33 | 1.80 | 0.41 | — | 0.72 | — | — | 0.74 | 0.84 | 0.53 | 0.34 | — | 0.47 | 0.50 | 0.56 | 0.44 |
| Jan 31, 2014 | 0.22 | 1.78 | 0.38 | — | 0.49 | — | — | 0.79 | 0.87 | 0.50 | 0.42 | — | 0.40 | 0.44 | 0.48 | 0.43 |
| Jan 31, 2013 | 0.29 | 1.80 | 0.39 | — | 0.60 | — | — | 0.79 | 0.76 | 0.55 | 0.45 | — | 0.68 | 0.55 | 0.36 | 0.45 |
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31).
Comparison to Sector (Software & Services)
Workday Inc., total asset turnover, long-term trends, comparison to sector (software & services)
| Workday Inc. | Software & Services | |
|---|---|---|
| Jan 31, 2026 | 0.53 | — |
| Jan 31, 2025 | 0.47 | 0.46 |
| Jan 31, 2024 | 0.44 | 0.49 |
| Jan 31, 2023 | 0.46 | 0.51 |
| Jan 31, 2022 | 0.49 | 0.52 |
| Jan 31, 2021 | 0.50 | 0.48 |
| Jan 31, 2020 | 0.53 | 0.48 |
| Jan 31, 2019 | 0.51 | 0.50 |
| Jan 31, 2018 | 0.43 | 0.51 |
| Jan 31, 2017 | 0.50 | 0.47 |
| Jan 31, 2016 | 0.43 | 0.54 |
| Jan 31, 2015 | 0.33 | 0.59 |
| Jan 31, 2014 | 0.22 | 0.61 |
| Jan 31, 2013 | 0.29 | 0.66 |
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31).
Comparison to Industry (Information Technology)
Workday Inc., total asset turnover, long-term trends, comparison to industry (information technology)
| Workday Inc. | Information Technology | |
|---|---|---|
| Jan 31, 2026 | 0.53 | — |
| Jan 31, 2025 | 0.47 | 0.60 |
| Jan 31, 2024 | 0.44 | 0.58 |
| Jan 31, 2023 | 0.46 | 0.61 |
| Jan 31, 2022 | 0.49 | 0.65 |
| Jan 31, 2021 | 0.50 | 0.62 |
| Jan 31, 2020 | 0.53 | 0.58 |
| Jan 31, 2019 | 0.51 | 0.59 |
| Jan 31, 2018 | 0.43 | 0.59 |
| Jan 31, 2017 | 0.50 | 0.51 |
| Jan 31, 2016 | 0.43 | 0.55 |
| Jan 31, 2015 | 0.33 | 0.63 |
| Jan 31, 2014 | 0.22 | 0.64 |
| Jan 31, 2013 | 0.29 | 0.66 |
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31).