Okta (BSP:O1KT34) ROCE % : -2.36% (As of Jan. 2024)

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What is Okta ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Okta's annualized ROCE % for the quarter that ended in Jan. 2024 was -2.36%.

Okta ROCE % Historical Data

The historical data trend for Okta's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Okta ROCE % Chart

Okta Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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-20.61

-13.58

-15.71

-9.68

-4.25

Okta Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-7.48	-5.73	-5.39	-4.09	-2.36

Okta ROCE % Calculation

Okta's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	-1618.088	/	( ( (48323.805 - 7606.573)	+	(44209.7 - 8764.232) )	/ 2 )
	=	-1618.088	/	( (40717.232	+	35445.468)	/ 2 )
	=	-1618.088	/	38081.35
	=	-4.25 %

Okta's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-845.932	/	( ( (44188.566 - 7801.254)	+	(44209.7 - 8764.232) )	/ 2 )
	=	-845.932	/	( ( 36387.312	+	35445.468 )	/ 2 )
	=	-845.932	/	35916.39
	=	-2.36 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

Okta (BSP:O1KT34) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Okta ROCE % Related Terms

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Okta (BSP:O1KT34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Okta Inc (BSP:O1KT34) » Definitions » ROCE %

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Traded in Other Exchanges

OKTA:USA OKTA:Mexico 0OK:Germany

Address

100 First Street, Suite 600, San Francisco, CA, USA, 94105

Website

https://www.okta.com

Okta is a cloud-native security company that focuses on identity and access management. The San Francisco-based firm went public in 2017 and focuses on two key client stakeholder groups: workforces and customers. Okta's workforce offerings enable a company's employees to securely access its cloud-based and on-premises resources. The firm's customer offerings allow its clients' customers to securely access the client's applications.

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