Stock Analysis on Net

ServiceNow Inc. (NYSE:NOW)

Analysis of Geographic Areas 

Microsoft Excel

Area Asset Turnover

ServiceNow Inc., asset turnover by geographic area

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
North America 6.55 7.11 7.75 7.51 8.44
Europe, the Middle East and Africa (EMEA) 7.37 8.05 8.81 6.58 7.31
Asia Pacific and other 5.55 4.43 5.59 4.58 3.98

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Area activity ratio Geographic area The company
Area asset turnover North America North America area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Europe, the Middle East and Africa (EMEA) Europe, the Middle East and Africa (EMEA) area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Asia Pacific and other Asia Pacific and other area asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Area Asset Turnover: North America

ServiceNow Inc.; North America; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenues 5,702 4,723 3,752 2,960 2,277
Property and equipment, net 871 664 484 394 270
Area Activity Ratio
Area asset turnover1 6.55 7.11 7.75 7.51 8.44

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area asset turnover = Revenues ÷ Property and equipment, net
= 5,702 ÷ 871 = 6.55

Area activity ratio Geographic area The company
Area asset turnover North America North America area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: Europe, the Middle East and Africa (EMEA)

ServiceNow Inc.; Europe, the Middle East and Africa (EMEA); area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenues 2,298 1,778 1,551 1,132 866
Property and equipment, net 312 221 176 172 118
Area Activity Ratio
Area asset turnover1 7.37 8.05 8.81 6.58 7.31

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area asset turnover = Revenues ÷ Property and equipment, net
= 2,298 ÷ 312 = 7.37

Area activity ratio Geographic area The company
Area asset turnover Europe, the Middle East and Africa (EMEA) Europe, the Middle East and Africa (EMEA) area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: Asia Pacific and other

ServiceNow Inc.; Asia Pacific and other; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenues 971 744 593 427 318
Property and equipment, net 175 168 106 93 80
Area Activity Ratio
Area asset turnover1 5.55 4.43 5.59 4.58 3.98

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area asset turnover = Revenues ÷ Property and equipment, net
= 971 ÷ 175 = 5.55

Area activity ratio Geographic area The company
Area asset turnover Asia Pacific and other Asia Pacific and other area asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Revenues

ServiceNow Inc., revenues by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
North America 5,702 4,723 3,752 2,960 2,277
Europe, the Middle East and Africa (EMEA) 2,298 1,778 1,551 1,132 866
Asia Pacific and other 971 744 593 427 318
Total 8,971 7,245 5,896 4,519 3,460

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).


Property and equipment, net

ServiceNow Inc., property and equipment, net by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
North America 871 664 484 394 270
Europe, the Middle East and Africa (EMEA) 312 221 176 172 118
Asia Pacific and other 175 168 106 93 80
Total 1,358 1,053 766 660 468

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).