Okta Inc (OKTA)
Payables 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 |
| Payables | US$ in thousands | 12,000 | 13,000 | 12,000 | 11,000 | 12,000 | 12,000 | 11,000 | 13,000 | 10,000 | 12,000 | 49,122 | 43,708 | 33,752 | 20,000 | 11,547 | 9,414 | 9,542 | 8,557 | 5,114 | 4,726 |
| 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 |
April 30, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $625,000K ÷ $12,000K
= 52.08
The payables turnover ratio for Okta Inc demonstrates notable fluctuations over the specified period from July 31, 2020, to April 30, 2025. Initially, the ratio remained relatively stable in mid-2020, with values close to 39, indicating that the company was paying its suppliers approximately 39 times annually. This stability persisted through late 2020, with slight increases toward October 2020.
However, a significant decline is observable starting in early 2021, with the ratio decreasing sharply to around 25 by January 2021 and further declining to about 24.7 by April 2021, indicating that the company's payment frequency to suppliers was slowing down, potentially reflecting elongation of payment terms or reduced payment efficiency during this period.
By mid-2021, the ratio slightly increased to approximately 30, but then declined again through late 2021 and into early 2022, reaching a low of about 13.7 in April 2022 and 11.39 in July 2022. This downward trend could suggest extended payment periods or strained supplier relationships. Nonetheless, starting from January 2023, the ratio reversed its downward trend, rising sharply to 45.50, and continued to increase through mid-2023 to a peak of approximately 55.68 in April 2023.
After this peak, the ratio exhibited some stabilization, maintaining values above 50 in the later periods, such as October 2023 (52.32), January 2024 (48.42), and April 2024 (48.92). The ratio's increasing trend indicates a potential tightening of payment cycles or an improvement in payment efficiencies, possibly related to stronger cash flows or strategic shifts in payables management.
In the most recent period (October 2024 to April 2025), the ratios hover around the low to mid-50s, with values such as 50.42, 47.54, and 52.08, reflecting relatively consistent payables turnover. Overall, the fluctuations capture varying operational or financial strategies over time, with periods of extended supplier payment durations followed by phases of accelerated payments, aligned with possible strategic or operational adjustments.
Peer comparison
Apr 30, 2025