Workday Non Current Liabilities Total vs Good Will 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 Non Current Liabilities Total and its Good Will 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.
Non Current Liabilities Total vs Good Will
Non Current Liabilities Total vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Workday Non Current Liabilities Total account and Good Will. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Workday's Non Current Liabilities Total and Good Will is 0.82. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Good Will in the same time period over historical financial statements of Workday, assuming nothing else is changed. The correlation between historical values of Workday's Non Current Liabilities Total and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Workday are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Non Current Liabilities Total i.e., Workday's Non Current Liabilities Total and Good Will go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Non Current Liabilities Total
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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.
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
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 | |
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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.