ServiceNow Inc (NOW)

Number of days of payables

		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
Payables turnover		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	15.03	12.17	10.81	17.21
Number of days of payables	days	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	24.28	29.99	33.76	21.21

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.25
= 23.94

ServiceNow Inc's number of days of payables, also known as the payables turnover period, has fluctuated over the past eight quarters.

As of December 31, 2023, the company's number of days of payables was 23.94 days, representing a significant decrease from the previous quarter's 13.84 days. This indicates that the company took fewer days to pay its suppliers in the most recent quarter.

Looking back over the past eight quarters, there is a noticeable fluctuation in the number of days of payables, ranging from a low of 13.84 days to a high of 65.22 days. The trend suggests some variability in the company's payment practices and ability to manage its outstanding payables.

Overall, the decreasing trend in the number of days of payables may indicate that ServiceNow Inc has been managing its payables more efficiently and effectively in recent quarters. However, further analysis of the company's supplier relationships and cash flow management would be necessary to fully understand the implications of these changes.