Workday (MIL:1WDAY) ROCE % : 8.61% (As of Oct. 2024)

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What is Workday ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Workday's annualized ROCE % for the quarter that ended in Oct. 2024 was 8.61%.

Workday ROCE % Historical Data

The historical data trend for Workday's ROCE % 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 ROCE % Chart

Workday Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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-12.37

-4.77

0.69

-2.25

4.62

Workday Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial															6.65	6.15	5.35	6.71	8.61

Workday ROCE % Calculation

Workday's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	431.46	/	( ( (12515.008 - 4294.784)	+	(15102.936 - 4640.49) )	/ 2 )
	=	431.46	/	( (8220.224	+	10462.446)	/ 2 )
	=	431.46	/	9341.335
	=	4.62 %

Workday's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	940.032	/	( ( (14967.748 - 4160.986)	+	(15077.232 - 4059.396) )	/ 2 )
	=	940.032	/	( ( 10806.762	+	11017.836 )	/ 2 )
	=	940.032	/	10912.299
	=	8.61 %

(1) Note: The EBIT data used here is four times the quarterly (Oct. 2024) EBIT data.

Workday (MIL:1WDAY) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Workday ROCE % Related Terms

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Workday Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Workday Inc (MIL:1WDAY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

WDAY:USA WDAY:Mexico 0M18:UK 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 was founded in 2005 and is headquartered in Pleasanton, California.

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