Workday Short Term Investments vs Total Current Liabilities Analysis
WDAY Stock | USD 245.96 3.67 1.47% |
Workday financial indicator trend analysis is more than just analyzing Workday current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Workday is a good investment. Please check the relationship between Workday Short Term Investments and its Total Current Liabilities accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Workday. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Workday Stock please use our How to Invest in Workday guide.
Short Term Investments vs Total Current Liabilities
Short Term Investments vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Workday Short Term Investments account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Workday's Short Term Investments and Total Current Liabilities is 0.81. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Workday, assuming nothing else is changed. The correlation between historical values of Workday's Short Term Investments and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Workday are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Short Term Investments i.e., Workday's Short Term Investments and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.81 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Short Term Investments
Short Term Investments is an item under the current assets section of Workday balance sheet. It contains any investments Workday undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Workday can easily liquidate in the marketplace.Total Current Liabilities
Total Current Liabilities is an item on Workday balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Workday are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Workday's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Workday current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Workday. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Workday Stock please use our How to Invest in Workday guide.At this time, Workday's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.13 in 2024, despite the fact that Tax Provision is likely to grow to (973.8 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.7B | 4.5B | 5.5B | 5.8B | Total Revenue | 5.1B | 6.2B | 7.3B | 7.6B |
Workday fundamental ratios Correlations
Click cells to compare fundamentals
Workday Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Workday fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.8B | 8.7B | 10.5B | 13.5B | 16.5B | 17.3B | |
Property Plant And Equipment Net | 1.2B | 1.4B | 1.4B | 1.5B | 1.5B | 1.6B | |
Net Debt | 838.7M | 853.9M | 568.5M | 1.4B | 1.3B | 1.3B | |
Cash | 731.1M | 1.4B | 1.5B | 1.9B | 2.0B | 2.1B | |
Other Assets | 274.1M | 461.6M | 682.5M | 498.0M | 572.6M | 601.3M | |
Cash And Short Term Investments | 1.9B | 3.5B | 3.6B | 6.1B | 7.8B | 8.2B | |
Short Term Investments | 1.2B | 2.2B | 2.1B | 4.2B | 5.8B | 6.1B | |
Other Stockholder Equity | 5.1B | 6.2B | 7.3B | 8.6B | 9.8B | 10.3B | |
Total Liab | 4.3B | 5.4B | 6.0B | 7.9B | 8.4B | 8.8B | |
Property Plant And Equipment Gross | 1.2B | 1.4B | 1.4B | 1.5B | 2.8B | 2.9B | |
Accumulated Other Comprehensive Income | 23.5M | (55.0M) | 7.7M | 53.1M | 21M | 22.1M | |
Common Stock Shares Outstanding | 227.2M | 237.0M | 254.0M | 254.8M | 265.3M | 231.6M | |
Short Long Term Debt Total | 1.6B | 2.2B | 2.1B | 3.2B | 3.3B | 3.5B | |
Other Current Liab | 378.2M | 454.3M | 598.5M | 823.7M | 831M | 872.6M | |
Total Current Liabilities | 3.0B | 4.3B | 5.1B | 4.6B | 5.1B | 5.3B | |
Total Stockholder Equity | 2.5B | 3.3B | 4.5B | 5.6B | 8.1B | 8.5B | |
Other Liab | 101.0M | 116.0M | 95.8M | 114.8M | 132.0M | 127.6M | |
Current Deferred Revenue | 2.2B | 2.6B | 3.1B | 3.6B | 4.1B | 4.3B | |
Retained Earnings | (2.6B) | (2.9B) | (2.7B) | (3.1B) | (1.7B) | (1.8B) | |
Accounts Payable | 57.6M | 75.6M | 55.5M | 153.8M | 78M | 42.5M | |
Non Current Assets Total | 3.7B | 3.9B | 5.3B | 5.4B | 6.7B | 7.1B | |
Non Currrent Assets Other | 285.1M | 317.5M | 414.1M | 505.8M | 1.1B | 1.1B | |
Long Term Debt | 1.0B | 691.9M | 617.4M | 3.0B | 3.0B | 3.1B | |
Net Receivables | 877.6M | 1.0B | 1.2B | 1.6B | 1.6B | 1.7B | |
Good Will | 1.4B | 1.8B | 1.8B | 2.8B | 2.8B | 3.0B | |
Common Stock Total Equity | 221K | 231K | 242K | 251K | 288.7K | 196.1K | |
Liabilities And Stockholders Equity | 6.8B | 8.7B | 10.5B | 13.5B | 16.5B | 17.3B | |
Non Current Liabilities Total | 1.4B | 1.2B | 895.6M | 3.3B | 3.3B | 3.5B | |
Other Current Assets | 272.5M | 233.9M | 327.4M | 225.7M | 255M | 162.7M | |
Total Current Assets | 3.1B | 4.8B | 5.2B | 8.1B | 9.7B | 10.2B | |
Short Term Debt | 310.5M | 1.2B | 1.3B | 91.3M | 89M | 84.6M | |
Intangible Assets | 308.4M | 248.6M | 391.0M | 305.5M | 233M | 151.0M | |
Common Stock | 231K | 242K | 251K | 259K | 297.9K | 202.9K | |
Property Plant Equipment | 936.2M | 972.4M | 1.4B | 1.5B | 1.7B | 1.8B | |
Net Tangible Assets | 358.9M | 1.5B | 1.3B | 2.4B | 2.8B | 2.9B | |
Retained Earnings Total Equity | (2.1B) | (2.6B) | (2.9B) | (2.7B) | (2.5B) | (2.6B) | |
Capital Surpluse | 4.1B | 5.1B | 6.3B | 7.3B | 8.4B | 8.8B | |
Deferred Long Term Liab | 222.4M | 271.8M | 341.3M | 421.0M | 484.1M | 508.3M |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Workday offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Workday's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Workday Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Workday Stock:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Workday. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Workday Stock please use our How to Invest in Workday guide.Note that the Workday information on this page should be used as a complementary analysis to other Workday's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Workday Stock analysis
When running Workday's price analysis, check to measure Workday's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Workday is operating at the current time. Most of Workday's value examination focuses on studying past and present price action to predict the probability of Workday's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Workday's price. Additionally, you may evaluate how the addition of Workday to your portfolios can decrease your overall portfolio volatility.
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
Transaction History View history of all your transactions and understand their impact on performance | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Stocks Directory Find actively traded stocks across global markets |
Is Workday's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Workday. If investors know Workday will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Workday listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 5.21 | Revenue Per Share 27.776 | Quarterly Revenue Growth 0.168 | Return On Assets 0.0076 | Return On Equity 0.2021 |
The market value of Workday is measured differently than its book value, which is the value of Workday that is recorded on the company's balance sheet. Investors also form their own opinion of Workday's value that differs from its market value or its book value, called intrinsic value, which is Workday's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Workday's market value can be influenced by many factors that don't directly affect Workday's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Workday's value and its price as these two are different measures arrived at by different means. Investors typically determine if Workday is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Workday's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.