Okta Inc (OKTA)

Number of days of payables

		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
Payables turnover		52.08	47.54	50.42	53.91	48.92	48.42	52.32	43.70	55.68	45.50	10.71	11.39	13.67	19.82	29.28	30.30	24.66	25.44	39.35	39.17
Number of days of payables	days	7.01	7.68	7.24	6.77	7.46	7.54	6.98	8.35	6.55	8.02	34.09	32.03	26.70	18.42	12.47	12.04	14.80	14.35	9.28	9.32

April 30, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 52.08
= 7.01

The analysis of Okta Inc.’s number of days of payables over the period from July 2020 to April 2025 reveals notable fluctuations and a general trend in the company’s payment practices. Initially, the days payable remained relatively stable around approximately 9.3 days in July 2020 and October 2020. A significant increase is observed starting January 2021, with the number of days escalating to around 14.35 days by January 2021, and slightly rising to 14.80 days by April 2021. During the subsequent period, days payable fluctuated modestly, remaining in the range of approximately 12 to 13 days through October 2021.

A pronounced upward trend emerges beginning January 2022, with the days payable increasing sharply to 18.42 days. This upward trajectory accelerates notably in April 2022, reaching 26.70 days, and continues to extend into July 2022 at 32.03 days and October 2022 at 34.09 days. This indicates a period where the company delayed its payments to suppliers or vendors, possibly pointing to changes in cash flow management, negotiation terms, or strategic payment policies.

From early 2023 onwards, a reversal begins with the days payable decreasing markedly to 8.02 days in January 2023, and further declining to approximately 6.55 days in April 2023. Subsequent data show minor fluctuations around this lower range, with values such as 8.35 days in July 2023 and 6.98 days in October 2023. These figures suggest a period of shorter payables duration, possibly reflecting improved liquidity management or strategic acceleration of payments.

Overall, the trend indicates a substantial elongation of payables during 2022, followed by a contraction in 2023 and into 2024. The fluctuations imply that Okta’s payable period is sensitive to operational or strategic shifts, with periods of extended delay potentially linked to liquidity strategies or vendor negotiations, and shorter periods reflecting a more aggressive or disciplined payment approach.