Workday Price to Sales Ratio vs Current Ratio Analysis

WDAY Stock

USD 255.64 1.38 0.54%

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 Price To Sales Ratio and its Current Ratio 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.

Price To Sales Ratio vs Current Ratio

Price to Sales Ratio vs Current Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Workday Price to Sales Ratio account and Current Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Workday's Price to Sales Ratio and Current Ratio is -0.27. Overlapping area represents the amount of variation of Price to Sales Ratio that can explain the historical movement of Current Ratio in the same time period over historical financial statements of Workday, assuming nothing else is changed. The correlation between historical values of Workday's Price to Sales Ratio and Current Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price to Sales Ratio of Workday are associated (or correlated) with its Current Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Ratio has no effect on the direction of Price to Sales Ratio i.e., Workday's Price to Sales Ratio and Current Ratio go up and down completely randomly.

Correlation Coefficient

-0.27

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Workday stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Workday sales, a figure that is much harder to manipulate than other Workday multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities.

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

Gross Profit Total Revenue

Workday fundamental ratios Correlations

	Total Assets	Property Plant And Equipment Net	Net Debt	Cash	Other Assets	Cash And Short Term Investments	Short Term Investments	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Common Stock Shares Outstanding	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Current Deferred Revenue	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total
Total Assets		0.94	0.95	0.97	0.93	0.96	0.94	0.99	0.99	0.97	0.61	0.98	0.99	0.96	0.99	0.22	0.99	-0.69	0.75	0.98	0.95	0.92	0.99	0.94	0.68	0.94
Property Plant And Equipment Net	0.94		0.94	0.92	0.95	0.83	0.77	0.96	0.97	0.92	0.67	0.95	0.95	0.99	0.88	0.19	0.97	-0.87	0.8	0.97	0.83	0.78	0.97	0.97	0.72	0.82
Net Debt	0.95	0.94		0.9	0.86	0.88	0.85	0.95	0.96	0.92	0.64	0.97	0.96	0.92	0.91	0.18	0.95	-0.76	0.83	0.94	0.88	0.9	0.96	0.92	0.64	0.93
Cash	0.97	0.92	0.9		0.93	0.95	0.91	0.97	0.97	0.91	0.62	0.98	0.97	0.95	0.94	0.25	0.96	-0.73	0.76	0.93	0.89	0.88	0.96	0.9	0.7	0.9
Other Assets	0.93	0.95	0.86	0.93		0.83	0.77	0.95	0.94	0.89	0.67	0.92	0.94	0.99	0.89	0.14	0.96	-0.79	0.73	0.96	0.83	0.73	0.95	0.96	0.67	0.76
Cash And Short Term Investments	0.96	0.83	0.88	0.95	0.83		0.99	0.94	0.94	0.93	0.51	0.95	0.94	0.86	0.97	0.3	0.92	-0.55	0.67	0.88	0.95	0.95	0.92	0.82	0.65	0.95
Short Term Investments	0.94	0.77	0.85	0.91	0.77	0.99		0.9	0.9	0.91	0.46	0.91	0.9	0.81	0.96	0.31	0.88	-0.47	0.62	0.84	0.94	0.95	0.88	0.77	0.61	0.95
Other Stockholder Equity	0.99	0.96	0.95	0.97	0.95	0.94	0.9		0.99	0.96	0.65	0.99	0.99	0.97	0.97	0.25	0.99	-0.77	0.78	0.98	0.92	0.89	0.99	0.95	0.73	0.91
Total Liab	0.99	0.97	0.96	0.97	0.94	0.94	0.9	0.99		0.95	0.65	0.99	0.99	0.98	0.96	0.25	1.0	-0.77	0.8	0.98	0.91	0.9	1.0	0.95	0.71	0.92
Property Plant And Equipment Gross	0.97	0.92	0.92	0.91	0.89	0.93	0.91	0.96	0.95		0.59	0.94	0.95	0.92	0.97	0.19	0.96	-0.61	0.63	0.96	0.98	0.87	0.95	0.91	0.6	0.9
Common Stock Shares Outstanding	0.61	0.67	0.64	0.62	0.67	0.51	0.46	0.65	0.65	0.59		0.64	0.64	0.66	0.55	0.02	0.65	-0.58	0.59	0.65	0.54	0.52	0.66	0.66	0.25	0.56
Short Long Term Debt Total	0.98	0.95	0.97	0.98	0.92	0.95	0.91	0.99	0.99	0.94	0.64		0.99	0.96	0.95	0.23	0.98	-0.76	0.81	0.96	0.91	0.91	0.99	0.93	0.7	0.94
Other Current Liab	0.99	0.95	0.96	0.97	0.94	0.94	0.9	0.99	0.99	0.95	0.64	0.99		0.96	0.97	0.21	0.99	-0.74	0.81	0.98	0.92	0.91	1.0	0.96	0.67	0.93
Total Current Liabilities	0.96	0.99	0.92	0.95	0.99	0.86	0.81	0.97	0.98	0.92	0.66	0.96	0.96		0.91	0.21	0.98	-0.84	0.78	0.97	0.85	0.78	0.98	0.97	0.72	0.82
Total Stockholder Equity	0.99	0.88	0.91	0.94	0.89	0.97	0.96	0.97	0.96	0.97	0.55	0.95	0.97	0.91		0.19	0.96	-0.58	0.67	0.95	0.98	0.92	0.96	0.91	0.63	0.93
Other Liab	0.22	0.19	0.18	0.25	0.14	0.3	0.31	0.25	0.25	0.19	0.02	0.23	0.21	0.21	0.19		0.25	-0.33	0.13	0.12	0.18	0.29	0.22	0.06	0.55	0.27
Current Deferred Revenue	0.99	0.97	0.95	0.96	0.96	0.92	0.88	0.99	1.0	0.96	0.65	0.98	0.99	0.98	0.96	0.25		-0.78	0.78	0.99	0.92	0.88	1.0	0.97	0.71	0.9
Retained Earnings	-0.69	-0.87	-0.76	-0.73	-0.79	-0.55	-0.47	-0.77	-0.77	-0.61	-0.58	-0.76	-0.74	-0.84	-0.58	-0.33	-0.78		-0.82	-0.74	-0.48	-0.53	-0.78	-0.78	-0.77	-0.57
Accounts Payable	0.75	0.8	0.83	0.76	0.73	0.67	0.62	0.78	0.8	0.63	0.59	0.81	0.81	0.78	0.67	0.13	0.78	-0.82		0.75	0.55	0.72	0.81	0.79	0.64	0.74
Non Current Assets Total	0.98	0.97	0.94	0.93	0.96	0.88	0.84	0.98	0.98	0.96	0.65	0.96	0.98	0.97	0.95	0.12	0.99	-0.74	0.75		0.92	0.84	0.99	0.99	0.65	0.87
Non Currrent Assets Other	0.95	0.83	0.88	0.89	0.83	0.95	0.94	0.92	0.91	0.98	0.54	0.91	0.92	0.85	0.98	0.18	0.92	-0.48	0.55	0.92		0.9	0.91	0.85	0.53	0.92
Long Term Debt	0.92	0.78	0.9	0.88	0.73	0.95	0.95	0.89	0.9	0.87	0.52	0.91	0.91	0.78	0.92	0.29	0.88	-0.53	0.72	0.84	0.9		0.88	0.79	0.57	1.0
Net Receivables	0.99	0.97	0.96	0.96	0.95	0.92	0.88	0.99	1.0	0.95	0.66	0.99	1.0	0.98	0.96	0.22	1.0	-0.78	0.81	0.99	0.91	0.88		0.97	0.69	0.91
Good Will	0.94	0.97	0.92	0.9	0.96	0.82	0.77	0.95	0.95	0.91	0.66	0.93	0.96	0.97	0.91	0.06	0.97	-0.78	0.79	0.99	0.85	0.79	0.97		0.64	0.82
Common Stock Total Equity	0.68	0.72	0.64	0.7	0.67	0.65	0.61	0.73	0.71	0.6	0.25	0.7	0.67	0.72	0.63	0.55	0.71	-0.77	0.64	0.65	0.53	0.57	0.69	0.64		0.58
Non Current Liabilities Total	0.94	0.82	0.93	0.9	0.76	0.95	0.95	0.91	0.92	0.9	0.56	0.94	0.93	0.82	0.93	0.27	0.9	-0.57	0.74	0.87	0.92	1.0	0.91	0.82	0.58

Click cells to compare fundamentals

Workday Account Relationship Matchups

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

Workday Investors Sentiment

The influence of Workday's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Workday. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Workday's public news can be used to forecast risks associated with an investment in Workday. The trend in average sentiment can be used to explain how an investor holding Workday can time the market purely based on public headlines and social activities around Workday. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Workday's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Workday's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Workday's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Workday.

Workday Implied Volatility

48.4

Workday's implied volatility exposes the market's sentiment of Workday stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Workday's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Workday stock will not fluctuate a lot when Workday's options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Workday in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Workday's short interest history, or implied volatility extrapolated from Workday options trading.

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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.

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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:

How To Invest In Workday

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Is Workday Stock a good investment?

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What is Workday's Net Worth?

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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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

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.

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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

5.22

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.

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Workday Price to Sales Ratio vs Current Ratio Analysis

Price To Sales Ratio vs Current Ratio

Price to Sales Ratio vs Current Ratio Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Current Ratio

Workday fundamental ratios Correlations

Workday Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Workday fundamental ratios Accounts

Workday Investors Sentiment

Workday Implied Volatility

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Complementary Tools for Workday Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Current Deferred Revenue	+ 1.0	Total Liab
Net Receivables	+ 1.0	Total Liab
Net Receivables	+ 1.0	Other Current Liab
Net Receivables	+ 1.0	Current Deferred Revenue
Non Current Liabilities Total	+ 1.0	Long Term Debt
Other Stockholder Equity	+ 0.99	Total Assets

Retained Earnings	- 0.87	Property Plant And Equipment Net
Retained Earnings	- 0.84	Total Current Liabilities
Accounts Payable	- 0.82	Retained Earnings
Retained Earnings	- 0.79	Other Assets
Good Will	- 0.78	Retained Earnings
Net Receivables	- 0.78	Retained Earnings