NOW (ServiceNow) Days Payable : 36.02 (As of Sep. 2024)

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What is ServiceNow Days Payable?

ServiceNow's average Accounts Payable for the three months ended in Sep. 2024 was $231 Mil. ServiceNow's Cost of Goods Sold for the three months ended in Sep. 2024 was $584 Mil. Hence, ServiceNow's Days Payable for the three months ended in Sep. 2024 was 36.02.

The historical rank and industry rank for ServiceNow's Days Payable or its related term are showing as below:

NOW' s Days Payable Range Over the Past 10 Years
Min: 16.08 Med: 22.41 Max: 42.12
Current: 29.54

During the past 13 years, ServiceNow's highest Days Payable was 42.12. The lowest was 16.08. And the median was 22.41.

NOW's Days Payable is ranked worse than
66.59% of 2523 companies
in the Software industry
Industry Median: 48.75 vs NOW: 29.54

ServiceNow's Days Payable increased from Sep. 2023 (22.08) to Sep. 2024 (36.02). It may suggest that ServiceNow delayed paying its suppliers.

ServiceNow Days Payable Historical Data

The historical data trend for ServiceNow's Days Payable 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 Days Payable Chart

ServiceNow Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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19.19

16.08

16.59

42.12

38.00

ServiceNow Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															22.08	17.24	30.62	42.90	36.02

Competitive Comparison of ServiceNow's Days Payable

For the Software - Application subindustry, ServiceNow's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ServiceNow's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, ServiceNow's Days Payable distribution charts can be found below:

* The bar in red indicates where ServiceNow's Days Payable falls into.

ServiceNow Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

ServiceNow's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (274	+	126)	/	2 )	/	1921	*	365
=	200					/	1921	*	365
=	38.00

ServiceNow's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (296	+	165)	/	2 )	/	584	*	365 / 4
=	230.5					/	584	*	365 / 4
=	36.02

ServiceNow Days Payable Related Terms

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ServiceNow Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ServiceNow Inc (NYSE:NOW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NOWW:Mexico 1NOW:Italy 0L5N:UK 4S00:Germany NOWS:Canada N1OW34:Brazil SNOW:Austria

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
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
Paul John Smith	officer: Chief Commercial Officer	2225 LAWSON LANE, SANTA CLARA CA 95054
William R Mcdermott	director, officer: President & CEO	2225 LAWSON LANE, SANTA CLARA CA 95054
Jacqueline P Canney	officer: Chief People Officer	702 SW 8TH STREET, BENTONVILLE AR 72716
Russell S Elmer	officer: General Counsel
Kevin Thomas Mcbride	officer: Principal Accounting Officer	2200 MISSION COLLEGE BLVD, SANTA CLARA CA 95054
Jeffrey A Miller	director	6801 KOLL CENTER PARKWAY, PLEASANTON CA 94566-7047
Gina Mastantuono	officer: Chief Financial Officer	237 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10017
Teresa Briggs	director	2225 LAWSON LANE, SANTA CLARA CA 95054
Jonathan Chadwick	director	3401 HILLVIEW AVENUE, PALO ALTO CA 94304
Christopher Bedi	officer: Chief Information Officer	2225 LAWSON LANE, SANTA CLARA CA 95054
Frederic B Luddy	director, 10 percent owner, officer: CHIEF PRODUCT OFFICER
Chirantan Jitendra Desai	officer: Chief Product Officer	C/O ZEBRA TECHNOLOGIES CORPORATION, LINCOLNSHIRE IL 60069