Okta Inc (OKTA)
Total asset 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 |
| Total assets | US$ in thousands | 9,365,000 | 9,437,000 | 9,010,000 | 9,067,000 | 8,955,000 | 8,989,000 | 8,740,000 | 8,713,000 | 8,900,000 | 9,307,000 | 9,093,740 | 9,074,010 | 9,045,680 | 9,206,000 | 8,996,970 | 8,932,100 | 3,430,450 | 3,298,800 | 3,170,280 | 3,115,020 |
| Total asset turnover | 0.29 | 0.28 | 0.28 | 0.27 | 0.26 | 0.25 | 0.25 | 0.24 | 0.22 | 0.20 | 0.19 | 0.18 | 0.16 | 0.14 | 0.13 | 0.11 | 0.26 | 0.25 | 0.24 | 0.23 |
April 30, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,681,000K ÷ $9,365,000K
= 0.29
The total asset turnover ratio for Okta Inc demonstrates a generally positive trend over the analyzed period from July 2020 to April 2025. Initially, the ratio increased modestly from approximately 0.23 in July 2020 to about 0.26 in April 2021, indicating incremental improvements in the firm's efficiency in generating revenue from its asset base.
However, a noticeable decline occurred over the subsequent quarters, with the ratio dropping sharply to approximately 0.11 by July 2021 and remaining relatively low through October 2021 at around 0.13. This decline suggests a period where asset utilization efficiency weakened, potentially due to increased asset base without a proportional increase in revenue or strategic shifts affecting asset productivity.
From early 2022 onwards, the ratio gradually recovered, climbing back to approximately 0.20-0.22 by April 2023. The upward trend continued steadily through the subsequent periods, reaching about 0.28 by October 2024 and maintaining this level into early 2025. This consistent increase signifies an improvement in asset utilization efficiency, reflecting either better revenue generation per unit of asset or effective asset management strategies.
Overall, the pattern indicates that after an initial period of modest growth, Okta faced a significant downturn in asset utilization efficiency, followed by a sustained recovery and improvement over the latter part of the period analyzed. The trend suggests a strategic enhancement in operational efficiency and asset management effectiveness in recent periods.
Peer comparison
Apr 30, 2025