ServiceNow Inc (NOW)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.25 | 5.74 | 15.20 | 29.03 | 15.03 | |
| Number of days of payables | days | 23.94 | 63.58 | 24.01 | 12.57 | 24.28 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.25
= 23.94
To analyze ServiceNow Inc's number of days of payables, we can calculate the average number of days of payables over the five-year period.
The average number of days of payables for ServiceNow Inc over the period is 29.09 days, indicating that on average, the company takes approximately 29 days to pay its suppliers and vendors.
The trend in the number of days of payables shows some variations over the years. In 2022, the number of days of payables increased significantly to 63.58 days, which could suggest the company took longer to pay its obligations during that period. However, in 2021, the number of days of payables decreased to 24.01 days, returning closer to the average.
Overall, the trend in the number of days of payables exhibits some variability, which may be indicative of changes in the company's payment policies or relationships with suppliers over the years. Further analysis of the company's financial and operational strategies could provide more insights into these fluctuations.
Peer comparison
Dec 31, 2023