Okta Inc (OKTA)
Total asset 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 |
| Total assets | US$ in thousands | 9,437,000 | 8,989,000 | 9,307,000 | 9,206,000 | 3,298,800 |
| Total asset turnover | 0.28 | 0.25 | 0.20 | 0.14 | 0.25 |
January 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,610,000K ÷ $9,437,000K
= 0.28
The total asset turnover ratio for Okta Inc exhibits fluctuations over the analyzed period, reflecting changes in the efficiency with which the company utilizes its assets to generate revenue. As of January 31, 2021, the ratio stood at 0.25, indicating that the company generated approximately $0.25 in revenue for each dollar of total assets. This ratio decreased significantly to 0.14 by January 31, 2022, suggesting a decline in asset utilization efficiency.
Following this decline, the ratio experienced an improvement, rising to 0.20 as of January 31, 2023. This increase signals a partial recovery in the company's asset efficiency, although it still remained below the 2021 level. Moving into the subsequent years, the ratio stabilized and then increased further, reaching 0.25 again by January 31, 2024, matching the 2021 figure. The most recent data point indicates a continued upward trend, with the ratio reaching 0.28 as of January 31, 2025. This final figure signifies that Okta Inc has enhanced its asset utilization efficiency relative to earlier years, now generating approximately $0.28 in revenue per dollar of assets.
Overall, the pattern of the total asset turnover ratio demonstrates periods of decline followed by recovery, culminating in a growth phase that suggests improved operational efficiency or strategic changes aimed at better leveraging the company’s assets to generate revenue.
Peer comparison
Jan 31, 2025