Okta's Return On Capital Employed Overview
Portfolio Pulse from Benzinga Insights
Okta reported Q1 sales of $518 million, up 22.18% with a loss of $119 million. The company posted a negative Return on Capital Employed (ROCE) of -0.02%, suggesting inefficient capital allocation. Okta's Q1 earnings per share were $0.22, beating analyst predictions of $0.13.
June 01, 2023 | 2:48 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Okta's Q1 sales increased by 22.18% to $518 million, but the company reported a loss of $119 million. The negative ROCE of -0.02% suggests inefficient capital allocation. Okta's Q1 earnings per share were $0.22, beating analyst predictions.
Okta's Q1 sales growth and better-than-expected earnings per share are positive factors for the stock. However, the negative ROCE of -0.02% indicates inefficient capital allocation, which could negatively impact the stock in the short term. The overall impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100