ServiceNow Inc (NOW)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	1,731,000	1,586,000	1,424,000	400,000	325,000	201,000	184,000	223,000	230,000	221,145	171,003	153,003	119,003	700,884	728,624	676,545	627,000	34,989	2,796	-38,871
Total assets	US$ in thousands	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	6,022,430	4,756,810	4,602,700	4,398,900
ROA		9.96%	10.51%	9.54%	2.94%	2.44%	1.81%	1.66%	2.03%	2.13%	2.33%	1.86%	1.73%	1.37%	9.10%	11.17%	10.92%	10.41%	0.74%	0.06%	-0.88%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,731,000K ÷ $17,387,000K
= 9.96%

ServiceNow Inc's return on assets (ROA) has fluctuated over the past few quarters. In the most recent quarter, the ROA was 9.96%, which indicates that the company generated approximately $0.0996 in profit for every dollar of assets. This marks an improvement from the previous quarter's ROA of 2.94%, suggesting an increase in the efficiency of the company's asset utilization.

The ROA has shown a general upward trend over the past eight quarters, indicating improved profitability relative to its asset base. This trend suggests that the company has been able to generate increasing profits from its assets over time, reflecting positively on its operational efficiency and management of assets.

Overall, ServiceNow Inc's ROA trend reflects an improving performance in terms of generating profits from its assets, which is a positive indicator of the company's financial health and operational effectiveness.