Total Asset Turnover
since 2013
Calculation
Workday Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenues1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| 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: 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 financial data reveals a consistent growth trajectory in revenues over the period from January 31, 2013, to January 31, 2025. Revenues increased steadily from $274 million in 2013 to an estimated $8,446 million in 2025, reflecting robust expansion in sales or service delivery capabilities.
Total assets displayed a significant upward trend as well, growing from $959 million in 2013 to an estimated $17,977 million by 2025. This indicates substantial asset base expansion, potentially through investments, acquisitions, or capital expenditures, supporting the company’s revenue growth and operational scaling.
Regarding the total asset turnover ratio, which measures the efficiency of using assets to generate revenues, the data shows variability but a relatively stable level over the years. Starting at 0.29 in 2013, the ratio fluctuated, reaching peaks such as 0.53 in 2020, and settling around 0.44 to 0.47 in the latest years. This suggests that while the asset base has increased significantly, the efficiency with which these assets generate revenue has experienced moderate fluctuations but remained fairly consistent without a clear long-term upward or downward trend.
- Revenue Trend
- Revenues grew from $274 million in 2013 to an estimated $8,446 million in 2025, indicating a strong and sustained growth pattern.
- Asset Growth
- Total assets increased markedly from $959 million to $17,977 million over the same period, reflecting scaling of operations and increased capital investment.
- Asset Turnover Ratio
- The ratio varied between 0.22 and 0.53 throughout the years, with a relatively stable trend near 0.44-0.47 in recent periods, indicating consistent asset utilization efficiency despite significant asset growth.
Comparison to Competitors
Workday Inc., total asset turnover, long-term trends, comparison to competitors
| Workday Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | 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, 2025 | 0.47 | — | — | — | 0.45 | — | — | — | — | 0.34 | — | — | 0.37 | — | — |
| Jan 31, 2024 | 0.44 | 1.16 | 0.71 | 0.52 | 0.46 | 1.00 | 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 | 0.72 | 0.45 | 0.96 | 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 | 0.69 | 0.40 | 0.96 | 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 | 0.68 | 0.32 | 0.84 | 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 | 0.81 | 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 | — | 0.81 | 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 | — | 0.82 | 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 | — | 0.74 | 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 | — | 0.72 | 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 | — | 0.68 | 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 | — | 0.66 | 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 | — | 0.64 | 0.79 | 0.76 | 0.55 | 0.45 | — | 0.68 | 0.55 | 0.36 | 0.45 |
Based on: 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, 2025 | 0.47 | — |
| Jan 31, 2024 | 0.44 | 0.49 |
| Jan 31, 2023 | 0.46 | 0.51 |
| Jan 31, 2022 | 0.49 | 0.53 |
| Jan 31, 2021 | 0.50 | 0.49 |
| 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 | 0.48 |
| 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: 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, 2025 | 0.47 | — |
| 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: 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).