Okta Inc (OKTA)
Receivables turnover
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,610,000 | 2,263,000 | 1,858,000 | 1,300,200 | 835,424 |
| Receivables | US$ in thousands | 621,000 | 559,000 | 481,000 | 398,000 | 194,818 |
| Receivables turnover | 4.20 | 4.05 | 3.86 | 3.27 | 4.29 |
January 31, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,610,000K ÷ $621,000K
= 4.20
The receivables turnover ratio for Okta Inc. demonstrates notable fluctuations over the analyzed period from January 31, 2021, to January 31, 2025. Initially, the ratio stood at 4.29 in 2021, indicating that receivables were collected approximately 4.29 times within the fiscal year. This ratio declined markedly to 3.27 in 2022, suggesting a slowdown in collection efficiency or an increase in receivables relative to sales during that period.
However, the ratio experienced an improvement in subsequent years, rising to 3.86 in 2023, reflecting a partial recovery in receivables collection efficiency. This upward trend continued into 2024, with the ratio reaching 4.05, surpassing the previous year's level and indicating a more efficient collection process. The ratio further increased to 4.20 in 2025, signifying an ongoing enhancement in receivables management or potential changes in sales and credit policies.
Overall, the data suggests an initial period of deterioration in receivables turnover followed by a consistent rebound and improvement over the subsequent years. The trend toward increasing ratios indicates a trend toward more effective management of receivables and potentially faster collection periods in recent years, aligning with operational efficiency improvements or strategic adjustments in credit policies.
Peer comparison
Jan 31, 2025