Okta Income Quality vs Capex To Revenue Analysis

OKTA Stock

USD 72.88 0.78 1.06%

Okta financial indicator trend analysis is much more than just breaking down Okta Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Okta Inc is a good investment. Please check the relationship between Okta Income Quality and its Capex To Revenue accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Okta Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Income Quality vs Capex To Revenue

Income Quality vs Capex To Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Okta Inc Income Quality account and Capex To Revenue. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Okta's Income Quality and Capex To Revenue is 0.85. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Capex To Revenue in the same time period over historical financial statements of Okta Inc, assuming nothing else is changed. The correlation between historical values of Okta's Income Quality and Capex To Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Okta Inc are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Income Quality i.e., Okta's Income Quality and Capex To Revenue go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Capex To Revenue

The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.

Most indicators from Okta's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Okta Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Okta Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At present, Okta's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 18.9 M, whereas Enterprise Value Over EBITDA is forecasted to decline to (66.00).

	2021	2022	2023	2024 (projected)
Gross Profit	903.8M	1.3B	1.7B	1.8B
Total Revenue	1.3B	1.9B	2.3B	2.4B

Gross Profit Total Revenue

Okta fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab
Total Assets		0.98	0.92	0.99	0.98	-0.02	0.76	0.97	0.83	-0.98	0.64	0.54	0.98	0.98	0.98	0.84	0.98	0.98	0.79	0.93	0.86	0.88	0.95	0.99	0.9	0.98
Other Current Liab	0.98		0.95	0.96	0.96	0.02	0.76	0.98	0.78	-0.98	0.61	0.61	0.95	0.99	0.99	0.83	0.99	0.94	0.79	0.92	0.84	0.81	0.98	0.98	0.86	0.99
Total Current Liabilities	0.92	0.95		0.87	0.88	0.21	0.82	0.94	0.82	-0.93	0.59	0.71	0.84	0.96	0.94	0.89	0.94	0.83	0.83	0.91	0.89	0.78	0.98	0.89	0.88	0.96
Total Stockholder Equity	0.99	0.96	0.87		0.98	-0.13	0.66	0.97	0.76	-0.97	0.65	0.44	1.0	0.96	0.96	0.76	0.97	1.0	0.74	0.89	0.79	0.82	0.92	1.0	0.84	0.96
Other Liab	0.98	0.96	0.88	0.98		-0.04	0.7	0.94	0.78	-0.94	0.69	0.46	0.98	0.95	0.96	0.8	0.95	0.97	0.74	0.88	0.82	0.82	0.92	0.98	0.85	0.95
Net Tangible Assets	-0.02	0.02	0.21	-0.13	-0.04		0.55	-0.07	0.31	0.07	0.16	0.66	-0.17	0.07	0.05	0.42	-0.06	-0.21	0.37	0.13	0.36	0.17	0.07	-0.12	0.25	0.04
Property Plant And Equipment Net	0.76	0.76	0.82	0.66	0.7	0.55		0.69	0.91	-0.7	0.5	0.87	0.64	0.79	0.78	0.96	0.71	0.61	0.84	0.85	0.94	0.88	0.76	0.67	0.91	0.76
Current Deferred Revenue	0.97	0.98	0.94	0.97	0.94	-0.07	0.69		0.74	-1.0	0.59	0.56	0.96	0.99	0.98	0.79	1.0	0.95	0.78	0.9	0.8	0.78	0.98	0.98	0.84	0.99
Net Debt	0.83	0.78	0.82	0.76	0.78	0.31	0.91	0.74		-0.76	0.51	0.63	0.76	0.81	0.82	0.96	0.76	0.73	0.77	0.89	0.98	0.96	0.76	0.76	0.97	0.79
Retained Earnings	-0.98	-0.98	-0.93	-0.97	-0.94	0.07	-0.7	-1.0	-0.76		-0.6	-0.56	-0.96	-0.98	-0.98	-0.81	-1.0	-0.95	-0.8	-0.92	-0.81	-0.81	-0.98	-0.98	-0.86	-0.99
Accounts Payable	0.64	0.61	0.59	0.65	0.69	0.16	0.5	0.59	0.51	-0.6		0.39	0.64	0.63	0.57	0.56	0.61	0.63	0.75	0.62	0.56	0.5	0.59	0.63	0.57	0.63
Cash	0.54	0.61	0.71	0.44	0.46	0.66	0.87	0.56	0.63	-0.56	0.39		0.41	0.65	0.61	0.79	0.56	0.37	0.8	0.69	0.72	0.6	0.65	0.48	0.7	0.63
Non Current Assets Total	0.98	0.95	0.84	1.0	0.98	-0.17	0.64	0.96	0.76	-0.96	0.64	0.41		0.94	0.95	0.75	0.96	1.0	0.71	0.88	0.78	0.83	0.91	0.99	0.83	0.95
Non Currrent Assets Other	0.98	0.99	0.96	0.96	0.95	0.07	0.79	0.99	0.81	-0.98	0.63	0.65	0.94		0.98	0.86	0.99	0.93	0.83	0.94	0.86	0.84	0.99	0.97	0.89	1.0
Other Assets	0.98	0.99	0.94	0.96	0.96	0.05	0.78	0.98	0.82	-0.98	0.57	0.61	0.95	0.98		0.86	0.98	0.94	0.8	0.91	0.87	0.85	0.97	0.97	0.89	0.99
Cash And Short Term Investments	0.84	0.83	0.89	0.76	0.8	0.42	0.96	0.79	0.96	-0.81	0.56	0.79	0.75	0.86	0.86		0.8	0.72	0.88	0.93	0.99	0.92	0.84	0.78	0.98	0.85
Net Receivables	0.98	0.99	0.94	0.97	0.95	-0.06	0.71	1.0	0.76	-1.0	0.61	0.56	0.96	0.99	0.98	0.8		0.96	0.78	0.91	0.81	0.8	0.98	0.99	0.85	0.99
Good Will	0.98	0.94	0.83	1.0	0.97	-0.21	0.61	0.95	0.73	-0.95	0.63	0.37	1.0	0.93	0.94	0.72	0.96		0.69	0.87	0.75	0.81	0.89	0.99	0.81	0.94
Common Stock Total Equity	0.79	0.79	0.83	0.74	0.74	0.37	0.84	0.78	0.77	-0.8	0.75	0.8	0.71	0.83	0.8	0.88	0.78	0.69		0.87	0.85	0.77	0.81	0.75	0.86	0.83
Common Stock Shares Outstanding	0.93	0.92	0.91	0.89	0.88	0.13	0.85	0.9	0.89	-0.92	0.62	0.69	0.88	0.94	0.91	0.93	0.91	0.87	0.87		0.94	0.92	0.91	0.9	0.97	0.93
Short Term Investments	0.86	0.84	0.89	0.79	0.82	0.36	0.94	0.8	0.98	-0.81	0.56	0.72	0.78	0.86	0.87	0.99	0.81	0.75	0.85	0.94		0.94	0.84	0.8	0.99	0.85
Non Current Liabilities Total	0.88	0.81	0.78	0.82	0.82	0.17	0.88	0.78	0.96	-0.81	0.5	0.6	0.83	0.84	0.85	0.92	0.8	0.81	0.77	0.92	0.94		0.77	0.82	0.97	0.82
Other Current Assets	0.95	0.98	0.98	0.92	0.92	0.07	0.76	0.98	0.76	-0.98	0.59	0.65	0.91	0.99	0.97	0.84	0.98	0.89	0.81	0.91	0.84	0.77		0.95	0.86	0.99
Other Stockholder Equity	0.99	0.98	0.89	1.0	0.98	-0.12	0.67	0.98	0.76	-0.98	0.63	0.48	0.99	0.97	0.97	0.78	0.99	0.99	0.75	0.9	0.8	0.82	0.95		0.85	0.98
Total Liab	0.9	0.86	0.88	0.84	0.85	0.25	0.91	0.84	0.97	-0.86	0.57	0.7	0.83	0.89	0.89	0.98	0.85	0.81	0.86	0.97	0.99	0.97	0.86	0.85		0.88
Deferred Long Term Liab	0.98	0.99	0.96	0.96	0.95	0.04	0.76	0.99	0.79	-0.99	0.63	0.63	0.95	1.0	0.99	0.85	0.99	0.94	0.83	0.93	0.85	0.82	0.99	0.98	0.88

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Okta Account Relationship Matchups

Okta fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0B	3.3B	9.2B	9.3B	9.0B	9.4B
Other Current Liab	77.2M	102.2M	207M	179M	247M	259.4M
Total Current Liabilities	547.0M	1.5B	1.2B	1.5B	1.8B	1.9B
Total Stockholder Equity	405.3M	694.0M	5.9B	5.5B	5.9B	6.2B
Other Liab	11.6M	22.2M	54.7M	41M	47.2M	49.5M
Net Tangible Assets	324.8M	619.0M	203.5M	(175M)	(201.3M)	(191.2M)
Property Plant And Equipment Net	178.7M	212.4M	213M	181M	131M	109.9M
Current Deferred Revenue	365.2M	502.7M	973.3M	1.2B	1.5B	1.6B
Net Debt	572.2M	1.5B	1.7B	2.1B	932M	723.6M
Retained Earnings	(701.1M)	(967.5M)	(1.8B)	(2.5B)	(2.8B)	(2.7B)
Accounts Payable	3.8M	8.6M	20M	12M	13.8M	11.6M
Cash	520.0M	434.6M	260M	264M	334M	256.8M
Non Current Assets Total	355.7M	420.2M	6.2B	6.1B	6.0B	6.3B
Non Currrent Assets Other	96.4M	129.7M	219M	231M	264M	277.2M
Other Assets	96.4M	132.8M	233.3M	231M	265.7M	278.9M
Cash And Short Term Investments	1.4B	2.6B	2.5B	2.6B	2.2B	1.3B
Net Receivables	130.1M	194.8M	398M	481M	559M	587.0M
Common Stock Total Equity	11K	12K	13K	16K	18.4K	10.2K
Common Stock Shares Outstanding	117.2M	127.2M	148.0M	158.0M	163.6M	129.5M
Short Term Investments	883.0M	2.2B	2.2B	2.3B	1.9B	1.1B
Liabilities And Stockholders Equity	2.0B	3.3B	9.2B	9.3B	9.0B	9.4B
Non Current Liabilities Total	1.0B	1.1B	2.0B	2.4B	1.3B	910.5M
Other Current Assets	66.6M	127.6M	141M	168M	219M	230.0M
Other Stockholder Equity	1.1B	1.7B	7.8B	8.0B	8.7B	9.2B
Total Liab	1.6B	2.6B	3.3B	3.8B	3.1B	1.7B
Deferred Long Term Liab	77.9M	108.6M	191.0M	210M	241.5M	253.6M
Property Plant And Equipment Gross	178.7M	212.4M	213.4M	181M	193M	116.8M
Total Current Assets	1.6B	2.9B	3.0B	3.2B	3.0B	1.7B
Accumulated Other Comprehensive Income	892K	5.4M	(12M)	(33M)	(6M)	(6.3M)
Short Term Debt	100.7M	932.1M	43M	32M	31M	29.5M
Intangible Assets	32.5M	27.0M	317M	241M	182M	92.5M
Common Stock	11K	12K	13K	16K	18.4K	10.2K
Property Plant Equipment	178.7M	62.8M	213.4M	59M	67.9M	87.8M
Capital Surpluse	1.1B	1.7B	7.7B	8.0B	9.2B	9.6B
Non Current Liabilities Other	3.8M	22.2M	54.7M	41M	14M	19.3M
Retained Earnings Total Equity	(701.1M)	(967.5M)	(1.8B)	(2.5B)	(2.2B)	(2.1B)

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When determining whether Okta Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Okta's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Okta Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Okta Inc Stock:

How To Invest In Okta

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Is Okta Stock a good investment?

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What is Okta's Net Worth?

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Largest Internet Services & Infrastructure Companies

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Largest Software - Infrastructure Companies

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Okta Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Is Internet Services & Infrastructure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Okta. If investors know Okta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Okta listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.81)

Revenue Per Share

14.715

Quarterly Revenue Growth

0.162

Return On Assets

(0.02)

Return On Equity

(0.02)

The market value of Okta Inc is measured differently than its book value, which is the value of Okta that is recorded on the company's balance sheet. Investors also form their own opinion of Okta's value that differs from its market value or its book value, called intrinsic value, which is Okta's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Okta's market value can be influenced by many factors that don't directly affect Okta's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Okta's value and its price as these two are different measures arrived at by different means. Investors typically determine if Okta is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okta's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Okta Income Quality vs Capex To Revenue Analysis

Income Quality vs Capex To Revenue

Income Quality vs Capex To Revenue Correlation Analysis

Correlation Coefficient

Income Quality

Capex To Revenue

Okta fundamental ratios Correlations

Okta Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Okta fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Stockholder Equity
Good Will	+ 1.0	Total Stockholder Equity
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Net Receivables	+ 1.0	Current Deferred Revenue
Good Will	+ 1.0	Non Current Assets Total
Deferred Long Term Liab	+ 1.0	Non Currrent Assets Other

Net Receivables	- 1.0	Retained Earnings
Retained Earnings	- 1.0	Current Deferred Revenue
Deferred Long Term Liab	- 0.99	Retained Earnings
Other Stockholder Equity	- 0.98	Retained Earnings
Other Current Assets	- 0.98	Retained Earnings
Other Assets	- 0.98	Retained Earnings