ServiceNow Inc (NOW)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Inventory turnover		—	—	—	—	4.17	4.36	4.30	4.19	4.26	—	—	—	4.46	4.69	4.55	4.41	4.31	4.53	4.52	4.55
DOH	days	—	—	—	—	87.59	83.63	84.90	87.14	85.62	—	—	—	81.80	77.82	80.31	82.75	84.66	80.54	80.72	80.14

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The days of inventory on hand (DOH) for ServiceNow Inc has shown some fluctuation over the past few years. From March 31, 2020, to June 30, 2021, the DOH remained relatively stable, ranging between 80 to 84 days. There was a slight decrease in DOH from September 30, 2021, to June 30, 2022, indicating a potentially more efficient management of inventory during that period.

However, from December 31, 2022, to December 31, 2023, there was an increase in the DOH, reaching a peak of 87.59 days. This suggests that ServiceNow Inc may have been holding more inventory relative to its sales volume during that time, which could tie up capital and lead to higher holding costs.

The lack of data for the most recent periods prevents a comprehensive analysis on the current trend of DOH. ServiceNow Inc should monitor its inventory management closely to ensure optimal levels that balance the need to meet demand with the cost of holding excess inventory.