In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Workday's net current asset value per share for the quarter that ended in Apr. 2023 was $2.15.
The historical rank and industry rank for Workday's Net Current Asset Value or its related term are showing as below:
WDAY'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 15.85 Med: 17.12 Max: 270.09
Current: 270.09
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Workday was 270.09. The lowest was 15.85. And the median was 17.12.
WDAY's Price-to-Net-Current-Asset-Value is ranked worse than 99.22% of 1666
companies
in the Software industry
Industry Median: 5.40
vs WDAY: 270.09
Workday Net Current Asset Value Historical Data
The historical data trend for Workday's Net Current Asset Value 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
Net Current Asset Value
-3.88
-5.32
-2.63
-2.99
0.80
Workday Quarterly Data
Jul18
Oct18
Jan19
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Apr23
Net Current Asset Value
-2.26
-1.24
-0.04
0.80
2.15
Competitive Comparison
For the Software - Application subindustry, Workday's Net Current Asset Value, along with its competitors' market caps and Net Current Asset Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Workday Net Current Asset Value Distribution
For the Software industry and Technology sector, Workday's Net Current Asset Value distribution charts can be found below:
* The bar in red indicates where Workday's Net Current Asset Value falls in comparison to its industry or sector. The grey bar indicates the Net Current Asset Value's extreme value range as defined by GuruFocus.
Workday Net Current Asset Value Calculation
Workday's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Jan. 2023 is calculated as
* 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.
Workday (NAS:WDAY) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of GrahamÂ’s strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Workday Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Workday's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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