ServiceNow (ServiceNow) COGS-to-Revenue : 0.21 (As of Dec. 2023)

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What is ServiceNow COGS-to-Revenue?

ServiceNow's Cost of Goods Sold for the three months ended in Dec. 2023 was $516 Mil. Its Revenue for the three months ended in Dec. 2023 was $2,437 Mil.

ServiceNow's COGS to Revenue for the three months ended in Dec. 2023 was 0.21.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. ServiceNow's Gross Margin % for the three months ended in Dec. 2023 was 78.83%.

ServiceNow COGS-to-Revenue Historical Data

The historical data trend for ServiceNow's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ServiceNow COGS-to-Revenue Chart

ServiceNow Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.23

0.22

0.23

0.22

0.21

ServiceNow Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.21	0.21	0.22	0.22	0.21

ServiceNow COGS-to-Revenue Calculation

ServiceNow's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1921	/	8971
	=	0.21

ServiceNow's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	516	/	2437
	=	0.21

ServiceNow (NYSE:NOW) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

ServiceNow's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	516 / 2437
	=	78.83 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

ServiceNow COGS-to-Revenue Related Terms

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ServiceNow (ServiceNow) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ServiceNow Inc (NYSE:NOW) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

NOWW:Mexico 1NOW:Italy 4S0:Germany 4S0:Germany 4S0:Germany N1OW34:Brazil

Address

2225 Lawson Lane, Santa Clara, CA, USA, 95054

Website

https://www.servicenow.com

ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.

Executives

Paul Edward Chamberlain	director	C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Paul John Smith	officer: Chief Commercial Officer	2225 LAWSON LANE, SANTA CLARA CA 95054
Chirantan Jitendra Desai	officer: Chief Product Officer	C/O ZEBRA TECHNOLOGIES CORPORATION, LINCOLNSHIRE IL 60069
Christopher Bedi	officer: Chief Information Officer	2225 LAWSON LANE, SANTA CLARA CA 95054
Gina Mastantuono	officer: Chief Financial Officer	237 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10017
Russell S Elmer	officer: General Counsel
Jacqueline P Canney	officer: Chief People Officer	702 SW 8TH STREET, BENTONVILLE AR 72716
Nicholas Tzitzon	officer: Chief Strat & Corp Affairs Ofc	2225 LAWSON LANE, SANTA CLARA CA 95054
Anita M Sands	director	350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Lawrence Jackson	director	2225 LAWSON LANE, SANTA CLARA CA 95054
Frederic B Luddy	director, 10 percent owner, officer: CHIEF PRODUCT OFFICER
Teresa Briggs	director	2225 LAWSON LANE, SANTA CLARA CA 95054
Kevin Thomas Mcbride	officer: Principal Accounting Officer	2200 MISSION COLLEGE BLVD, SANTA CLARA CA 95054
Lara Caimi	officer: Chief Customer & Partner Ofc	C/O CONFLUENT, INC., 899 W EVELYN AVENUE, MOUNTAIN VIEW CA 94041
Deborah Black	director	2225 LAWSON LANE, SANTA CLARA CA 95054