ServiceNow Payables Turnover from 2010 to 2024

NOW Stock  USD 1,061  13.55  1.29%   
ServiceNow Payables Turnover yearly trend continues to be fairly stable with very little volatility. Payables Turnover will likely drop to 11.64 in 2024. Payables Turnover is a liquidity ratio that shows how quickly ServiceNow pays off its suppliers by dividing total purchases by average accounts payable. View All Fundamentals
 
Payables Turnover  
First Reported
2010-12-31
Previous Quarter
15.24603175
Current Value
11.64
Quarterly Volatility
5.89729885
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check ServiceNow financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ServiceNow's main balance sheet or income statement drivers, such as Depreciation And Amortization of 552.3 M, Interest Expense of 21 M or Selling General Administrative of 906.1 M, as well as many indicators such as Price To Sales Ratio of 15.27, Dividend Yield of 1.0E-4 or PTB Ratio of 16.34. ServiceNow financial statements analysis is a perfect complement when working with ServiceNow Valuation or Volatility modules.
  
Check out the analysis of ServiceNow Correlation against competitors.
For more information on how to buy ServiceNow Stock please use our How to Invest in ServiceNow guide.

Latest ServiceNow's Payables Turnover Growth Pattern

Below is the plot of the Payables Turnover of ServiceNow over the last few years. It is a liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable. ServiceNow's Payables Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in ServiceNow's overall financial position and show how it may be relating to other accounts over time.
Payables Turnover10 Years Trend
Pretty Stable
   Payables Turnover   
       Timeline  

ServiceNow Payables Turnover Regression Statistics

Arithmetic Mean14.07
Geometric Mean13.01
Coefficient Of Variation41.90
Mean Deviation4.35
Median13.95
Standard Deviation5.90
Sample Variance34.78
Range23.0917
R-Value0.20
Mean Square Error36.02
R-Squared0.04
Significance0.48
Slope0.26
Total Sum of Squares486.89

ServiceNow Payables Turnover History

2024 11.64
2023 15.25
2022 5.74
2021 15.2
2020 28.83
2019 15.04
2018 20.26

About ServiceNow Financial Statements

ServiceNow investors use historical fundamental indicators, such as ServiceNow's Payables Turnover, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in ServiceNow. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Payables Turnover 15.25  11.64 

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Additional Tools for ServiceNow Stock Analysis

When running ServiceNow's price analysis, check to measure ServiceNow's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ServiceNow is operating at the current time. Most of ServiceNow's value examination focuses on studying past and present price action to predict the probability of ServiceNow's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ServiceNow's price. Additionally, you may evaluate how the addition of ServiceNow to your portfolios can decrease your overall portfolio volatility.