ServiceNow Inc (NOW)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	7,628,000	7,182,000	6,926,000	5,600,000	5,032,000	4,523,000	4,194,000	3,997,000	3,695,000	3,534,000	3,275,000	3,037,000	2,834,000	2,674,000	2,479,000	2,266,000	2,127,000	1,429,470	1,260,950	1,194,950
ROE		22.69%	22.08%	20.56%	7.14%	6.46%	4.44%	4.39%	5.58%	6.22%	6.26%	5.22%	5.04%	4.20%	26.21%	29.39%	29.86%	29.48%	2.45%	0.22%	-3.25%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,731,000K ÷ $7,628,000K
= 22.69%

ServiceNow Inc's return on equity (ROE) has shown a positive trend over the past eight quarters. The ROE increased from 5.58% in March 2022 to 22.69% in December 2023, indicating a significant improvement in the company's ability to generate profits from shareholders' equity. This suggests that the company has been effectively using its shareholders' investments to generate earnings growth. The consistent upward trend in ROE reflects positively on ServiceNow's management efficiency and potential for future profitability.