ServiceNow Inc (NOW)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	10,984,000	10,464,000	9,955,000	9,478,000	8,971,000	8,474,000	8,017,000	7,619,000	7,245,000	6,919,000	6,600,000	6,257,000	5,895,000	5,531,000	5,171,000	4,833,000	4,519,000	4,220,337	3,954,170	3,717,074
Total assets	US$ in thousands	20,383,000	18,434,000	18,207,000	17,544,000	17,387,000	15,091,000	14,923,000	13,614,000	13,299,000	11,106,000	11,102,000	10,993,000	10,798,000	9,478,000	9,187,000	8,822,000	8,715,000	7,705,460	6,521,310	6,197,420
Total asset turnover		0.54	0.57	0.55	0.54	0.52	0.56	0.54	0.56	0.54	0.62	0.59	0.57	0.55	0.58	0.56	0.55	0.52	0.55	0.61	0.60

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,984,000K ÷ $20,383,000K
= 0.54

ServiceNow Inc's total asset turnover has fluctuated over the period from March 31, 2020, to December 31, 2024. The ratio, which measures how efficiently the company is using its assets to generate revenue, has ranged from a low of 0.52 to a high of 0.62 during this time frame. Generally, a higher total asset turnover indicates that the company is more efficient in generating sales from its assets.

In the most recent period of December 31, 2024, the total asset turnover stood at 0.54, showing a slight decrease from the previous quarter. This could indicate that either the company's sales are not increasing proportionally with its total assets, or there may be fluctuations in the asset base of the company.

Overall, it is important for ServiceNow Inc to monitor its total asset turnover consistently to ensure that it is effectively utilizing its assets to generate revenue and maintain or improve its financial performance.