Okta Inc (OKTA)

Inventory turnover

		Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021
Cost of revenue	US$ in thousands	618,000	581,000	546,000	396,405	217,681
Inventory	US$ in thousands	—	—	92,000	—	—
Inventory turnover		—	—	5.93	—	—

January 31, 2025 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $618,000K ÷ $—K
= —

The inventory turnover ratio for Okta Inc., as of the provided data, indicates that the company did not report or was not required to disclose inventory turnover figures for January 31, 2021, January 31, 2022, and January 31, 2024, as denoted by the dash symbols. In contrast, a specific value is reported for January 31, 2023, with an inventory turnover ratio of 5.93.

This ratio of 5.93 suggests that during the fiscal year ending January 31, 2023, Okta Inc. was able to sell and replenish its inventory approximately 5.93 times over the course of the year. Given that Okta primarily operates in the cloud-based software segment, tangible inventory management may be minimal or atypical compared to traditional manufacturing or retail firms. Therefore, the reported inventory turnover could pertain to any inventory-like assets or related metrics specific to the company's operational framework, such as licensing arrangements, digital assets, or other intangible assets classified under inventory.

The absence of data in other years may reflect changes in reporting practices, a lack of physical inventory, or the company's classification of such assets within broader asset categories. The reported figure provides a snapshot of inventory efficiency for that particular fiscal year but does not allow for a comprehensive trend analysis across multiple periods due to missing data.