Okta Inc (OKTA)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,681,000 | 2,610,000 | 2,533,000 | 2,452,000 | 2,362,000 | 2,263,000 | 2,168,208 | 2,065,250 | 1,961,057 | 1,858,000 | 1,730,807 | 1,600,445 | 1,464,138 | 1,300,201 | 1,151,926 | 1,018,625 | 903,571 | 835,424 | 768,011 | 703,669 |
| Receivables | US$ in thousands | 345,000 | 621,000 | 463,000 | 377,000 | 307,000 | 559,000 | 418,000 | 388,000 | 290,000 | 481,000 | 380,754 | 323,377 | 258,911 | 398,000 | 253,568 | 238,478 | 218,474 | 194,818 | 139,473 | 110,540 |
| Receivables turnover | 7.77 | 4.20 | 5.47 | 6.50 | 7.69 | 4.05 | 5.19 | 5.32 | 6.76 | 3.86 | 4.55 | 4.95 | 5.65 | 3.27 | 4.54 | 4.27 | 4.14 | 4.29 | 5.51 | 6.37 |
April 30, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,681,000K ÷ $345,000K
= 7.77
The receivables turnover ratio for Okta Inc. exhibits notable fluctuations over the period analyzed. Initially, the ratio declined from 6.37 on July 31, 2020, to a low of 3.27 on January 31, 2022, indicating a slowdown in the company's ability to collect receivables efficiently during that timeframe. This decline suggests that customers were taking longer to settle their accounts, possibly reflecting changes in credit policies, customer mix, or overall market conditions.
Subsequently, a significant increase is observed, with the ratio rising sharply to 6.76 as of April 30, 2023, and reaching a peak of 7.77 by April 30, 2025. These increases imply an improvement in receivables collection efficiency, possibly due to stricter credit enforcement, better collection processes, or shifts in customer payment behavior favoring faster collections.
Throughout the analyzed period, the ratio demonstrates a cyclical pattern of decline and recovery, reflecting the company's evolving credit management and operational dynamics. The upward trend in recent periods indicates a positive development in accounts receivable management, with the company successfully reducing the time it takes to convert receivables into cash. Overall, the ratio's fluctuations highlight periods of operational challenges and subsequent improvements, underscoring the importance of ongoing credit and collection strategies in maintaining financial health.
Peer comparison
Apr 30, 2025