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Okta Inc   (OKTA)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Okta Inc 's Working Capital Ratio

OKTA's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


Okta Inc 's Current Assets grew by 9.28 % in the IV Quarter 2023 sequentially, faster than Current Liabilities, this led to improvement in Okta Inc 's Working Capital Ratio to 10.14, Working Capital Ratio remained below Okta Inc average.

Within Software & Programming industry 4 other companies have achieved higher Working Capital Ratio than Okta Inc in forth quarter 2023. While Working Capital Ratio total ranking has improved so far during the IV Quarter 2023 to 232, from total ranking in the third quarter 2023 at 425.

Explain Working Capital Ratio
How much in Current Assets OKTA´s has?
What is the value of OKTA´s Current Liabilities?


OKTA Working Capital Ratio (Jan 31 2024)
IV. Quarter
(Oct 31 2023)
III. Quarter
(Jul 31 2023)
II. Quarter
(Apr 30 2023)
I. Quarter
(Jan 31 2023)
IV. Quarter
Y / Y Current Liabilities Change 31.84 % 8.37 % -4.74 % -18.91 % -17.26 %
Y / Y Current Assets Change -7.71 % -9.31 % -8.81 % -1.92 % 6.19 %
Working Capital Ratio MRQ 10.14 9.5 11.63 15.04 14.48
OKTA's Total Ranking # 232 # 425 # 420 # 327 # 127
Seq. Current Liabilities Change 2.44 % 24.24 % 22.22 % -15.25 % -15.79 %
Seq. Current Assets Change 9.28 % 1.53 % -5.52 % -11.95 % 7.39 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Software & Programming Industry # 5
Technology Sector # 29
Overall Market # 232


Working Capital Ratio Statistics
High Average Low
19.02 10.72 2.03
(Jul 31 2020)   (Apr 30 2019)




Financial Statements
Okta Inc 's Current Liabilities $ 294 Millions Visit OKTA's Balance sheet
Okta Inc 's Current Assets $ 2,980 Millions Visit OKTA's Balance sheet
Source of OKTA's Sales Visit OKTA's Sales by Geography


Cumulative Okta Inc 's Working Capital Ratio

OKTA's Working Capital Ratio for the trailling 12 Months

OKTA Working Capital Ratio

(Jan 31 2024)
IV. Quarter
(Oct 31 2023)
III. Quarter
(Jul 31 2023)
II. Quarter
(Apr 30 2023)
I. Quarter
(Jan 31 2023)
IV. Quarter
Y / Y Current Liabilities TTM Growth 31.84 % 8.37 % -4.74 % -18.91 % -17.26 %
Y / Y Current Assets TTM Growth -7.71 % -9.31 % -8.81 % -1.92 % 6.19 %
Working Capital Ratio TTM 11.22 12.35 12.96 13.08 12.54
Total Ranking TTM # 89 # 283 # 236 # 4121 # 3854
Seq. Current Liabilities TTM Growth 2.44 % 24.24 % 22.22 % -15.25 % -15.79 %
Seq. Current Assets TTM Growth 9.28 % 1.53 % -5.52 % -11.95 % 7.39 %


On the trailing twelve months basis Due to rise in Current Liabilities in the IV Quarter 2023 to $294.00 millions, cumulative Working Capital Ratio decreased to 11.22 above the OKTA average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Software & Programming industry OKTA achieved the highest Working Capital Ratio. While Working Capital Ratio overall ranking has improved so far to 89, from total ranking during the twelve months ending third quarter 2023 at 283.

Explain Working Capital Ratio
How much in Current Assets OKTA´s has?
What is the value of OKTA´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Software & Programming Industry # 1
Technology Sector # 11
Within the Market # 89


trailing twelve months Working Capital Ratio Statistics
High Average Low
3.91 2.51 1.58
(Oct 31 2020)   (Jul 31 2019)




Companies with similar Working Capital Ratio in the quarter ending Jan 31 2024, within Software & Programming Industry Working Capital RatioJan 31 2024 MRQ Current AssetsJan 31 2024 MRQ Current Liabilities
Amesite Inc   21.92 $ 3.858  Millions$ 0.176  Millions
Mobileye Global inc   11.87 $ 2,066.000  Millions$ 174.000  Millions
Upland Software Inc   11.76 $ 300.233  Millions$ 25.533  Millions
Okta Inc   10.14 $ 2,980.000  Millions$ 294.000  Millions
C3 ai Inc   8.48 $ 926.027  Millions$ 109.179  Millions
Cs Disco Inc   8.32 $ 192.339  Millions$ 23.118  Millions
Shopify Inc   6.99 $ 6,275.000  Millions$ 898.000  Millions
Beamr Imaging Ltd   6.70 $ 6.845  Millions$ 1.021  Millions
Twilio Inc   6.64 $ 4,903.972  Millions$ 738.297  Millions
Destiny Media Technologies Inc   6.12 $ 2.595  Millions$ 0.424  Millions
Varonis Systems Inc   6.10 $ 767.157  Millions$ 125.729  Millions
Palantir Technologies Inc   5.55 $ 4,138.618  Millions$ 746.018  Millions
Alarm com Holdings Inc   5.46 $ 956.780  Millions$ 175.337  Millions
Red Cat Holdings Inc   5.34 $ 27.942  Millions$ 5.228  Millions
Golden Matrix Group Inc   5.16 $ 24.194  Millions$ 4.693  Millions
Clearwater Analytics Holdings Inc   5.15 $ 415.996  Millions$ 80.792  Millions
Soundhound Ai Inc   4.69 $ 113.542  Millions$ 24.223  Millions
Mongodb Inc   4.40 $ 2,483.636  Millions$ 564.220  Millions
Clear Secure Inc   4.38 $ 770.034  Millions$ 175.796  Millions
Fastly Inc   4.29 $ 463.673  Millions$ 107.968  Millions
Veeva Systems Inc   4.24 $ 5,003.211  Millions$ 1,178.883  Millions
Pdf Solutions Inc  4.14 $ 197.848  Millions$ 47.744  Millions
Freshworks Inc   4.14 $ 1,355.546  Millions$ 327.214  Millions
Marqeta Inc   4.13 $ 1,388.698  Millions$ 336.579  Millions
Appfolio Inc   3.90 $ 272.357  Millions$ 69.766  Millions
Playstudios Inc   3.80 $ 174.883  Millions$ 46.025  Millions
Alkami Technology Inc   3.77 $ 148.585  Millions$ 39.430  Millions
Atlassian Corporation  3.66 $ 2,271.541  Millions$ 620.846  Millions
N able Inc   3.59 $ 224.791  Millions$ 62.628  Millions
Fingermotion Inc   3.57 $ 17.435  Millions$ 4.889  Millions

Date modified: 2024-03-06T17:12:20+00:00



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