ServiceNow Inc (NOW)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,984,000 | 8,971,000 | 7,245,000 | 5,896,000 | 4,519,000 |
| Total assets | US$ in thousands | 20,383,000 | 17,387,000 | 13,299,000 | 10,798,000 | 8,715,000 |
| Total asset turnover | 0.54 | 0.52 | 0.54 | 0.55 | 0.52 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,984,000K ÷ $20,383,000K
= 0.54
ServiceNow Inc's total asset turnover has shown some fluctuations over the years, ranging from 0.52 in December 31, 2020, to a peak of 0.55 in December 31, 2021, before settling at 0.54 in both December 31, 2022, and December 31, 2024. The ratio indicates how efficiently the company generates revenue relative to its total assets. While the slight variations suggest some shifts in asset utilization, the overall trend suggests that ServiceNow Inc has been able to consistently generate revenue relative to its asset base. This indicates a moderate level of efficiency in utilizing its assets to drive revenue generation. Further analysis of the company's operations and industry benchmarks could provide deeper insights into the factors driving these fluctuations and the company's overall asset management efficiency.
Peer comparison
Dec 31, 2024