Workday (NAS:WDAY) Intangible Assets

: $3,153 Mil (As of Apr. 2023)

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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Workday's intangible assets for the quarter that ended in Apr. 2023 was $3,153 Mil.

Workday Intangible Assets Historical Data

The historical data trend for Workday's Intangible Assets 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.

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Workday Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Intangible Assets

1,712.70

2,145.56

2,086.02

3,253.84

3,166.04

Workday Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23
Intangible Assets																3,231.35	3,208.98	3,187.64	3,166.04	3,152.93

Workday Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

Workday (NAS:WDAY) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.

Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.

Workday Intangible Assets Related Terms

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Workday (NAS:WDAY) Business Description

Industry

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

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