ServiceNow Inc (NOW)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 3,460,000 | 3,224,104 | 3,011,368 | 2,808,520 |
| Property, plant and equipment | US$ in thousands | 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 | 468,085 | 400,858 | 364,007 | 350,651 |
| Fixed asset turnover | 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 | 7.39 | 8.04 | 8.27 | 8.01 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $8,971,000K ÷ $1,358,000K
= 6.61
ServiceNow Inc's fixed asset turnover has shown a relatively stable trend over the past eight quarters, ranging from 6.61 to 7.84. This indicates that the company generated approximately $6.61 to $7.84 in sales for every dollar invested in fixed assets during the respective periods. The fluctuations in fixed asset turnover may reflect changes in production efficiency, capacity utilization, or asset replacement cycles. The consistently high fixed asset turnover suggests that ServiceNow Inc effectively utilizes its fixed assets to generate sales, which is a positive indication of operational efficiency and resource utilization.
Peer comparison
Dec 31, 2023