ServiceNow Inc (NOW)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 33.63 | 15.25 | 5.74 | 15.20 | 29.03 | |
| Number of days of payables | days | 10.85 | 23.94 | 63.58 | 24.01 | 12.57 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 33.63
= 10.85
ServiceNow Inc's number of days of payables has fluctuated over the years according to the provided data. As of December 31, 2020, the company took approximately 12.57 days to pay its suppliers on average. This number increased significantly by the end of 2022, reaching 63.58 days, indicating a potential delay in settling payables. However, by December 31, 2024, the number of days of payables decreased to 10.85 days, suggesting a more efficient management of payables during that period. Overall, ServiceNow's number of days of payables demonstrates variance in payment practices over the years, potentially influenced by changes in the company's financial position and operational strategies.
Peer comparison
Dec 31, 2024