ServiceNow Inc (NOW)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,984,000 | 10,464,000 | 9,955,000 | 9,478,000 | 8,971,000 | 8,474,000 | 8,017,000 | 7,619,000 | 7,245,000 | 6,919,000 | 6,600,000 | 6,257,000 | 5,895,000 | 5,531,000 | 5,171,000 | 4,833,000 | 4,519,000 | 4,220,337 | 3,954,170 | 3,717,074 |
| Property, plant and equipment | US$ in thousands | 1,763,000 | 1,718,000 | 1,606,000 | 1,450,000 | 1,358,000 | 1,199,000 | 1,148,000 | 1,117,000 | 1,053,000 | 914,000 | 876,000 | 798,000 | 766,000 | 740,000 | 732,000 | 693,000 | 660,000 | 564,007 | 547,253 | 470,969 |
| Fixed asset turnover | 6.23 | 6.09 | 6.20 | 6.54 | 6.61 | 7.07 | 6.98 | 6.82 | 6.88 | 7.57 | 7.53 | 7.84 | 7.70 | 7.47 | 7.06 | 6.97 | 6.85 | 7.48 | 7.23 | 7.89 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,984,000K ÷ $1,763,000K
= 6.23
ServiceNow Inc's fixed asset turnover ratio measures how efficiently the company generates revenue from its investments in fixed assets. The trend of the fixed asset turnover ratio from March 31, 2020, to December 31, 2024, shows fluctuations with some periods of increase and decrease.
For the first quarter of 2020, the fixed asset turnover was 7.89, indicating that the company generated $7.89 in sales for every dollar invested in fixed assets. The ratio decreased to 6.85 by the end of December 2020 but then gradually increased to 7.70 by the end of December 2021.
From March 31, 2022, to June 30, 2024, the fixed asset turnover ratio fluctuated between 6.20 and 7.84. The ratio experienced a slight decline towards the end of the period, reaching 6.23 by December 31, 2024.
Overall, the fixed asset turnover ratio of ServiceNow Inc has shown variability over the analyzed period, indicating fluctuations in how effectively the company utilizes its fixed assets to generate revenue. Further analysis and comparison with industry benchmarks may provide insights into the company's operational efficiency and asset management strategies.
Peer comparison
Dec 31, 2024