ServiceNow Inc (NOW)
Cash conversion cycle
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | 87.59 | 83.63 | 84.90 | 87.14 | 85.62 | — | — | — | 81.74 | 77.81 | 80.32 | 82.77 |
| Days of sales outstanding (DSO) | days | 72.21 | 44.61 | 51.34 | 43.25 | 74.44 | 45.62 | 55.66 | 50.29 | 82.84 | 50.31 | 49.76 | 53.13 | 86.90 | 47.37 | 47.17 | 48.07 | 86.06 | 51.21 | 55.12 | 48.71 |
| Number of days of payables | days | 24.96 | 19.17 | 29.74 | 46.64 | 10.85 | 27.73 | 51.84 | 40.64 | 23.94 | 13.84 | 36.20 | 50.68 | 63.58 | 46.43 | 65.22 | 42.58 | 24.01 | 18.58 | 30.87 | 37.44 |
| Cash conversion cycle | days | 47.25 | 25.44 | 21.61 | -3.39 | 63.58 | 17.90 | 3.81 | 9.66 | 146.49 | 120.10 | 98.46 | 89.58 | 108.95 | 0.94 | -18.05 | 5.49 | 143.80 | 110.44 | 104.58 | 94.05 |
December 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + 72.21 – 24.96
= 47.25
Peer comparison
Dec 31, 2025
Company name
Symbol
Cash conversion cycle
ServiceNow Inc
NOW
47.25
Adobe Systems Incorporated
ADBE
-22.82
Appfolio Inc
APPF
14.80
Bentley Systems Inc
BSY
42.39
Fair Isaac Corporation
FICO
-54.61
Guidewire Software Inc
GWRE
59.31
Manhattan Associates Inc
MANH
58.54
PTC Inc
PTC
133.39
Q2 Holdings
QTWO
27.22
Roper Technologies, Inc.
ROP
48.64