Okta Inc (OKTA)
Fixed asset turnover
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,681,000 | 2,610,000 | 2,533,000 | 2,452,000 | 2,362,000 | 2,263,000 | 2,168,208 | 2,065,250 | 1,961,057 | 1,858,000 | 1,730,807 | 1,600,445 | 1,464,138 | 1,300,201 | 1,151,926 | 1,018,625 | 903,571 | 835,424 | 768,011 | 703,669 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | 141,000 | 54,000 | 59,000 | 186,091 | 208,898 | 66,418 | 213,428 | 60,751 | 208,350 | 62,515 | 62,783 | 62,405 | 221,187 |
| Fixed asset turnover | — | — | — | — | — | — | — | 14.65 | 36.32 | 31.49 | 9.30 | 7.66 | 22.04 | 6.09 | 18.96 | 4.89 | 14.45 | 13.31 | 12.31 | 3.18 |
April 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,681,000K ÷ $—K
= —
The fixed asset turnover ratio for Okta Inc exhibits considerable fluctuations over the analyzed periods, indicating variability in how effectively the company utilizes its fixed assets to generate revenue. Initially, the ratio was 3.18 as of July 31, 2020, reflecting a relatively modest level of efficiency. Subsequent periods show a marked increase, reaching a peak of 36.32 on April 30, 2023, which suggests a significant enhancement in asset utilization and revenue generation efficiency relative to fixed assets.
However, the ratio experienced notable volatility. For instance, it declined to 4.89 by July 31, 2021, after the peak, before rising sharply again to 18.96 on October 31, 2021, and subsequently reaching 22.04 and 31.49 in the periods ending January 31, 2023, and April 30, 2023, respectively. These increases could reflect strategic investments, operational efficiencies, or shifts in revenue relative to fixed asset base.
Following the peak, a decline to 14.65 is observed as of July 31, 2023. The subsequent periods lack data, precluding further trend analysis through October 2024 and beyond. This pattern indicates a period of rapid improvement in asset utilization efficiency, succeeded by a decline, which might suggest operational adjustments, asset base changes, or revenue recognition variations.
Overall, the data illustrates that Okta Inc's fixed asset turnover ratio has experienced significant growth and volatility within this timeframe, highlighting periods of improved efficiency in leveraging fixed assets for revenue, as well as periods of relative decline. Such fluctuations may result from investment activities, revenue dynamics, or strategic rebalancing of fixed assets, and require further context for comprehensive interpretation.
Peer comparison
Apr 30, 2025