Okta Inc (OKTA)

Inventory 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
Cost of revenue (ttm) US$ in thousands 625,000 618,000 605,000 593,000 587,000 581,000 575,488 568,141 556,835 546,000 526,014 498,035 461,447 396,405 338,043 285,277 235,318 217,681 201,224 185,140
Inventory US$ in thousands — — — — — — 104,000 101,000 95,000 92,000 — 0 — — — — — — — —
Inventory turnover — — — — — — 5.53 5.63 5.86 5.93 — — — — — — — — — —

April 30, 2025 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $625,000K ÷ $—K
= —

The inventory turnover ratio for Okta Inc. demonstrates a stable trend during the observed period from January 2023 to October 2023. Specifically, the ratio was recorded at 5.93 times as of January 31, 2023, and showed a marginal decline to 5.86 times by April 30, 2023. This slight decrease continued into the third quarter, with the ratio reaching 5.63 times on July 31, 2023, and further declining to 5.53 times as of October 31, 2023.

The data indicates that prior to January 2023, inventory turnover data is unavailable, likely due to the company's nature of operations which may not rely heavily on traditional inventory management. The consistent ratio within this narrow range suggests a stable efficiency in managing and replenishing inventory during 2023.

Given the significant decline from the earlier years where data is missing, the ratios from 2023 onward reflect a period of operational stability and possibly improved efficiency in inventory utilization. The relatively high and steady inventory turnover ratios imply that Okta Inc. efficiently converts its inventory into sales or services, which aligns with its core software and cloud-based offerings that do not typically involve extensive physical inventory.

In summary, the inventory turnover ratio for Okta Inc. in 2023 signals a stable and efficient inventory management practice during this period, with a slight downward trend observed in the second half of the year.