Workday (NAS:WDAY) EBIT

: $-43 Mil (TTM As of Apr. 2023)

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Workday's earnings before interest and taxes (EBIT) for the three months ended in Apr. 2023 was $35 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2023 was $-43 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Workday's annualized ROC % for the quarter that ended in Apr. 2023 was -0.02%. Workday's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2023 was 9.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Workday's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Apr. 2023 was -0.09%.

Workday EBIT Historical Data

The historical data trend for Workday's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Workday Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

EBIT

-363.54

-423.76

-206.33

32.78

-157.60

Workday Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23
EBIT																-78.99	-36.71	7.47	-49.37	35.46

Workday EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Apr. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-43 Mil.

Workday (NAS:WDAY) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Workday's annualized ROC % for the quarter that ended in Apr. 2023 is calculated as:

	ROC % (Q: Apr. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jan. 2023 )	+	Invested Capital (Q: Apr. 2023 ))	/ count )
=	-79.2 * ( 1 - 98.03% )	/	( (9592.298	+	9083.034)	/ 2 )
=	-1.56024	/	9337.666
=	-0.02 %

where

	Invested Capital		(Q: Jan. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	13486.238	-	413.882	-	( 6121.394	-	max(0, 4628.166	-	8108.224	+	6121.394	))
=	9592.298

	Invested Capital		(Q: Apr. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	13252.796	-	340.758	-	( 6328.961	-	max(0, 4044.089	-	7873.093	+	6328.961	))
=	9083.034

Note: The Operating Income data used here is four times the quarterly (Apr. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Workday's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Apr. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jan. 2023		Q: Apr. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	141.82	/	( ( (1450.532 + max(-2549.993, 0))	+	(1472.776 + max(-2404.949, 0)) )	/	2 )
=	141.82	/	( ( 1450.532	+	1472.776 )	/	2 )
=	141.82	/	1461.654
=	9.70 %

where Working Capital is:

	Working Capital		(Q: Jan. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1570.086	+	0	+	416.744)	-	(413.882	+	3559.393	+	563.548)
=	-2549.993

	Working Capital		(Q: Apr. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1089.286	+	0	+	454.846)	-	(340.758	+	3227.55	+	380.773)
=	-2404.949

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Apr. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Workday's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Apr. 2023 )
	=	-43.154	/	50018.571
	=	-0.09 %

Workday EBIT Related Terms

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Workday (NAS:WDAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Workday Inc (NAS:WDAY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

WDAY:Mexico W7D:Germany W1DA34:Brazil

Address

6110 Stoneridge Mall Road, Pleasanton, CA, USA, 94588

Website

https://www.workday.com

Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions. Known for being a cloud-only software provider, Workday is headquartered in Pleasanton, California. Founded in 2005, Workday now employs over 12,000 employees.

Executives

Frederick Wayne A.i.	director	500 W MAIN ST., LOUISVILLE KY 40202
David A Duffield	10 percent owner	C/O WORKDAY, INC., 6230 STONERIDGE MALL ROAD, PLEASANTON CA 94588
Michael M Mcnamara	director	C/O FLEXTRONICS INTERNATIONAL LTD, 2090 FORTUNE DRIVE, SAN JOSE CA 95131
Thomas F Bogan	director	C/O WORKDAY, INC., 6110 STONERIDGE MALL RD, PLEASANTON CA 94588
Barbara A Larson	officer: Chief Financial Officer	6110 STONERIDGE MALL ROAD, PLEASANTON CA 94588
Douglas A. Robinson	officer: Co-President	6110 STONERIDGE MALL ROAD, PLEASANTON CA 94588
Lynne M Doughtie	director	C/O THE BOEING COMPANY, 100 RIVERSIDE PLAZA, MC 5003-1001, CHICAGO IL 60606-1596
Michael C Bush	director	6110 STONERIDGE MALL ROAD, PLEASANTON CA 94588
Richard Harry Sauer	officer: EVP, General Counsel & Secty	6110 STONERIDGE MALL ROAD, PLEASANTON CA 94588
Ann Marie Campbell	director	2455 PACES FERRY ROAD, ATLANTA GA 30339
Petros Dermetzis	officer: Chief Products Officer	321 LIVORNA HEIGHTS ROAD, ALAMO CA 94507
Carl M. Eschenbach	director	C/O SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, PALO ALTO CA 94025
Gomez Luciano Fernandez	officer: Co-President	1A SHAWFIELD STREET,, RICHARDSON HOUSE, LONDON X0 SW3 4BA
Styslinger Lee J Iii	director	2826 BALMORAL ROAD, BIRMINGHAM AL 35223
Robynne Sisco	officer: Chief Financial Officer	3401 HILLVIEW AVENUE, PALO ALTO CA 94304