ServiceNow Inc (NOW)

Number of days of payables

		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
Payables turnover		33.63	13.16	7.04	8.98	15.25	26.38	10.08	7.20	5.74	7.86	5.59	8.57	15.19	19.64	11.83	9.75	29.03	17.86	10.12	11.27
Number of days of payables	days	10.85	27.73	51.84	40.64	23.94	13.84	36.20	50.68	63.58	46.46	65.27	42.61	24.03	18.58	30.86	37.43	12.57	20.44	36.08	32.39

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 33.63
= 10.85

The number of days of payables for ServiceNow Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The trend indicates that the company took an average of around 30-40 days to pay its payables during this period.

There are notable variations in the number of days of payables, ranging from a low of 10.85 days on December 31, 2024, to a high of 65.27 days on June 30, 2022. It is essential to note that a lower number of days of payables could indicate the company is paying its suppliers more quickly, while a higher number may suggest the company is taking longer to settle its payables.

Overall, monitoring the number of days of payables can provide insights into ServiceNow Inc's liquidity and cash management practices, as well as its relationships with suppliers. Investors and stakeholders should continue to track this metric to assess the company's financial health and operational efficiency.