Okta Inc (OKTA)
Working capital 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 current assets | US$ in thousands | 3,365,000 | 3,276,000 | 3,003,000 | 3,038,000 | 2,917,000 | 2,980,000 | 2,727,000 | 2,686,000 | 2,843,000 | 3,229,000 | 3,006,940 | 2,945,500 | 2,898,640 | 3,041,000 | 2,852,870 | 2,877,160 | 3,012,140 | 2,878,570 | 2,757,540 | 2,706,940 |
| Total current liabilities | US$ in thousands | 2,296,000 | 2,523,000 | 2,234,000 | 1,660,000 | 1,686,000 | 1,782,000 | 1,543,000 | 1,456,000 | 1,362,000 | 1,465,000 | 1,309,450 | 1,236,580 | 1,185,280 | 1,243,000 | 988,166 | 912,534 | 800,461 | 1,545,610 | 573,940 | 533,580 |
| Working capital turnover | 2.51 | 3.47 | 3.29 | 1.78 | 1.92 | 1.89 | 1.83 | 1.68 | 1.32 | 1.05 | 1.02 | 0.94 | 0.85 | 0.72 | 0.62 | 0.52 | 0.41 | 0.63 | 0.35 | 0.32 |
April 30, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,681,000K ÷ ($3,365,000K – $2,296,000K)
= 2.51
The analysis of Okta Inc.'s working capital turnover ratio over the specified period reveals a consistent upward trend, indicating improving operational efficiency in managing working capital relative to revenue. Starting from a ratio of 0.32 as of July 31, 2020, the ratio exhibits gradual increases through subsequent periods, reaching a notable peak of 3.47 on January 31, 2025. This substantial growth suggests that Okta has progressively optimized its use of working capital to generate sales, reflecting enhanced liquidity management and operational leverage. The fluctuations observed, such as the slight decline from 3.47 to 2.51 between January and April 2025, could indicate periods of strategic adjustment or market variability, but the overall trajectory points toward a significant strengthening of efficiency in working capital utilization over the analyzed timeframe.
Peer comparison
Apr 30, 2025