Stock Analysis on Net
Stock Analysis on Net

ServiceNow Inc. (NYSE:NOW)

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data

Beginner level

Long-term Activity Ratios (Summary)

ServiceNow Inc., long-term (investment) activity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Net fixed asset turnover 7.48 7.23 7.89 7.39 8.04 8.27 8.01 7.51 8.20 7.89 7.87 7.89 7.66 7.64 7.92 7.66 7.33 7.17 7.13 6.95
Net fixed asset turnover (including operating lease, right-of-use asset) 4.13 3.91 3.97 3.98 4.00 3.95 3.77 7.51 8.20 7.89 7.87 7.89 7.66 7.64 7.92 7.66 7.33 7.17 7.13 6.95
Total asset turnover 0.55 0.61 0.60 0.57 0.68 0.65 0.64 0.67 0.68 0.65 0.57 0.57 0.58 0.56 0.69 0.68 0.71 0.70 0.59 0.56
Equity turnover 1.58 1.60 1.64 1.63 2.26 2.39 2.35 2.35 2.39 2.54 2.43 3.31 3.21 3.38 3.51 3.59 3.56 3.68 3.64 1.77

Based on: 10-Q (filing date: 2020-10-29), 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-03), 10-K (filing date: 2019-02-27), 10-Q (filing date: 2018-11-07), 10-Q (filing date: 2018-08-08), 10-Q (filing date: 2018-05-08), 10-K (filing date: 2018-02-28), 10-Q (filing date: 2017-11-06), 10-Q (filing date: 2017-08-08), 10-Q (filing date: 2017-05-05), 10-K (filing date: 2017-02-28), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-03), 10-Q (filing date: 2016-05-06), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-07).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. ServiceNow Inc.’s net fixed asset turnover ratio deteriorated from Q1 2020 to Q2 2020 but then slightly improved from Q2 2020 to Q3 2020.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). ServiceNow Inc.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from Q1 2020 to Q2 2020 but then improved from Q2 2020 to Q3 2020 exceeding Q1 2020 level.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. ServiceNow Inc.’s total asset turnover ratio improved from Q1 2020 to Q2 2020 but then deteriorated significantly from Q2 2020 to Q3 2020.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. ServiceNow Inc.’s equity turnover ratio deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Net Fixed Asset Turnover

ServiceNow Inc., net fixed asset turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in thousands)
Revenues 1,151,972  1,070,842  1,046,340  951,774  885,833  833,904  788,926  715,441  673,097  631,056  589,222  546,370  498,170  471,703  416,783  385,666  357,656  341,312  305,879  285,650  261,150  246,716  211,964 
Property and equipment, net 564,007  547,253  470,969  468,085  400,858  364,007  350,651  347,216  297,371  286,953  267,454  245,124  231,304  213,501  189,659  181,620  176,106  166,551  154,244  144,714  132,713  124,902  115,438 
Long-term Activity Ratio
Net fixed asset turnover1 7.48 7.23 7.89 7.39 8.04 8.27 8.01 7.51 8.20 7.89 7.87 7.89 7.66 7.64 7.92 7.66 7.33 7.17 7.13 6.95
Benchmarks
Net Fixed Asset Turnover, Competitors2
Adobe Inc. 8.48 8.68 8.70 8.64 8.56 8.38 8.65 8.40 8.41 8.18 7.76 7.79 7.35 7.06 7.49 7.17 6.84 6.67 6.38 6.09 5.72 5.54 5.43
Alphabet Inc. 2.10 2.11 2.17 2.20 2.24 2.29 2.35 2.29 2.35 2.40 2.40 2.62 2.61 2.63 2.64 2.64 2.61 2.60 2.59 2.58
Autodesk Inc. 20.54 19.36 17.99 17.17 16.49 15.26 13.47 14.18 13.38 12.78 13.33 12.81 13.07 13.36 13.55 14.79 16.23 16.05 16.36 15.78
Facebook Inc. 1.87 1.93 1.98 2.00 2.06 2.09 2.16 2.26 2.46 2.64 2.75 2.96 3.00 3.12 3.20 3.22 3.12 3.12 3.06 3.15
International Business Machines Corp. 7.53 7.78 7.95 7.71 7.66 7.63 7.37 7.38 7.34 7.33 7.10 7.12 7.09 7.19 7.31 7.38 7.22 7.24 7.41 7.62
Intuit Inc. 9.20 9.40 8.97 8.70 8.48 7.94 7.57 7.34 6.12 5.52 5.20 5.03 4.89 4.63 4.55 4.55 4.69 4.56 6.12 6.15
Microsoft Corp. 3.36 3.31 3.38 3.45 3.63 3.62 3.66 3.75 3.71 3.76 3.79 3.79 3.97 4.01 4.44 4.65 5.16 5.58 6.03 6.35
Oracle Corp. 6.36 6.31 6.31 6.32 6.39 6.63 6.73 6.75 6.69 6.63 6.86 7.10 7.38 7.63 9.05 9.26 9.26 9.72 9.77 10.37
salesforce.com inc. 6.70 6.45 6.25 6.48 6.27 5.95 5.69 5.38 5.32 5.03 4.80 4.69 4.50 4.32 4.13 3.89 3.62 3.46 3.26 4.77

Based on: 10-Q (filing date: 2020-10-29), 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-03), 10-K (filing date: 2019-02-27), 10-Q (filing date: 2018-11-07), 10-Q (filing date: 2018-08-08), 10-Q (filing date: 2018-05-08), 10-K (filing date: 2018-02-28), 10-Q (filing date: 2017-11-06), 10-Q (filing date: 2017-08-08), 10-Q (filing date: 2017-05-05), 10-K (filing date: 2017-02-28), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-03), 10-Q (filing date: 2016-05-06), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-07).

1 Q3 2020 Calculation
Net fixed asset turnover = (RevenuesQ3 2020 + RevenuesQ2 2020 + RevenuesQ1 2020 + RevenuesQ4 2019) ÷ Property and equipment, net
= (1,151,972 + 1,070,842 + 1,046,340 + 951,774) ÷ 564,007 = 7.48

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. ServiceNow Inc.’s net fixed asset turnover ratio deteriorated from Q1 2020 to Q2 2020 but then slightly improved from Q2 2020 to Q3 2020.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

ServiceNow Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in thousands)
Revenues 1,151,972  1,070,842  1,046,340  951,774  885,833  833,904  788,926  715,441  673,097  631,056  589,222  546,370  498,170  471,703  416,783  385,666  357,656  341,312  305,879  285,650  261,150  246,716  211,964 
 
Property and equipment, net 564,007  547,253  470,969  468,085  400,858  364,007  350,651  347,216  297,371  286,953  267,454  245,124  231,304  213,501  189,659  181,620  176,106  166,551  154,244  144,714  132,713  124,902  115,438 
Operating lease right-of-use assets 457,726  463,220  464,576  402,428  405,424  397,950  393,561  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Property and equipment, net (including operating lease, right-of-use asset) 1,021,733  1,010,473  935,545  870,513  806,282  761,957  744,212  347,216  297,371  286,953  267,454  245,124  231,304  213,501  189,659  181,620  176,106  166,551  154,244  144,714  132,713  124,902  115,438 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 4.13 3.91 3.97 3.98 4.00 3.95 3.77 7.51 8.20 7.89 7.87 7.89 7.66 7.64 7.92 7.66 7.33 7.17 7.13 6.95
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Adobe Inc. 6.30 6.42 6.32 8.64 8.56 8.38 8.65 8.40 8.41 8.18 7.76 7.79 7.35 7.06 7.49 7.17 6.84 6.67 6.38 6.09 5.72 5.54 5.43
Alphabet Inc. 1.83 1.84 1.89 1.91 1.95 1.99 2.05 2.29 2.35 2.40 2.40 2.62 2.61 2.63 2.64 2.64 2.61 2.60 2.59 2.58
Autodesk Inc. 7.18 6.51 5.94 17.17 16.49 15.26 13.47 14.18 13.38 12.78 13.33 12.81 13.07 13.36 13.55 14.79 16.23 16.05 16.36 15.78
Facebook Inc. 1.53 1.55 1.58 1.58 1.64 1.68 1.73 2.26 2.46 2.64 2.75 2.96 3.00 3.12 3.20 3.22 3.12 3.12 3.06 3.15
International Business Machines Corp. 5.11 5.21 5.28 5.14 5.15 5.12 5.14 7.38 7.34 7.33 7.10 7.12 7.09 7.19 7.31 7.38 7.22 7.24 7.41 7.62
Intuit Inc. 7.11 6.76 6.42 8.70 8.48 7.94 7.57 7.34 6.12 5.52 5.20 5.03 4.89 4.63 4.55 4.55 4.69 4.56 6.12 6.15
Microsoft Corp. 2.79 2.74 2.80 2.87 3.00 3.00 3.01 3.05 2.98 2.99 2.97 3.79 3.97 4.01 4.44 4.65 5.16 5.58 6.03 6.35
salesforce.com inc. 2.87 2.84 2.75 6.48 6.27 5.95 5.69 5.38 5.32 5.03 4.80 4.69 4.50 4.32 4.13 3.89 3.62 3.46 3.26 4.77

Based on: 10-Q (filing date: 2020-10-29), 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-03), 10-K (filing date: 2019-02-27), 10-Q (filing date: 2018-11-07), 10-Q (filing date: 2018-08-08), 10-Q (filing date: 2018-05-08), 10-K (filing date: 2018-02-28), 10-Q (filing date: 2017-11-06), 10-Q (filing date: 2017-08-08), 10-Q (filing date: 2017-05-05), 10-K (filing date: 2017-02-28), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-03), 10-Q (filing date: 2016-05-06), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-07).

1 Q3 2020 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = (RevenuesQ3 2020 + RevenuesQ2 2020 + RevenuesQ1 2020 + RevenuesQ4 2019) ÷ Property and equipment, net (including operating lease, right-of-use asset)
= (1,151,972 + 1,070,842 + 1,046,340 + 951,774) ÷ 1,021,733 = 4.13

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). ServiceNow Inc.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from Q1 2020 to Q2 2020 but then improved from Q2 2020 to Q3 2020 exceeding Q1 2020 level.

Total Asset Turnover

ServiceNow Inc., total asset turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in thousands)
Revenues 1,151,972  1,070,842  1,046,340  951,774  885,833  833,904  788,926  715,441  673,097  631,056  589,222  546,370  498,170  471,703  416,783  385,666  357,656  341,312  305,879  285,650  261,150  246,716  211,964 
Total assets 7,705,459  6,521,309  6,197,416  6,022,430  4,756,808  4,602,703  4,398,895  3,879,140  3,581,442  3,472,884  3,704,485  3,397,904  3,069,515  2,924,406  2,170,263  2,033,767  1,813,114  1,714,338  1,874,043  1,807,052  1,662,888  1,563,311  1,493,642 
Long-term Activity Ratio
Total asset turnover1 0.55 0.61 0.60 0.57 0.68 0.65 0.64 0.67 0.68 0.65 0.57 0.57 0.58 0.56 0.69 0.68 0.71 0.70 0.59 0.56
Benchmarks
Total Asset Turnover, Competitors2
Adobe Inc. 0.55 0.56 0.55 0.54 0.53 0.51 0.49 0.48 0.56 0.54 0.51 0.50 0.50 0.49 0.47 0.46 0.45 0.43 0.43 0.41 0.40 0.39 0.39
Alphabet Inc. 0.57 0.60 0.61 0.59 0.59 0.58 0.58 0.59 0.59 0.59 0.57 0.56 0.55 0.56 0.55 0.54 0.53 0.53 0.52 0.51
Autodesk Inc. 0.62 0.60 0.57 0.54 0.63 0.58 0.54 0.50 0.48 0.45 0.45 0.42 0.46 0.46 0.46 0.45 0.48 0.48 0.54 0.51
Facebook Inc. 0.54 0.54 0.53 0.53 0.53 0.54 0.54 0.57 0.56 0.54 0.50 0.48 0.46 0.45 0.44 0.43 0.41 0.40 0.38 0.36
International Business Machines Corp. 0.49 0.49 0.50 0.51 0.52 0.50 0.60 0.65 0.66 0.66 0.64 0.63 0.64 0.65 0.68 0.68 0.69 0.68 0.68 0.74
Intuit Inc. 0.88 1.06 1.12 1.08 0.98 1.21 1.24 1.15 1.01 1.11 1.30 1.27 1.02 1.11 1.21 1.10 0.94 1.03 1.12 0.84
Microsoft Corp. 0.49 0.47 0.47 0.44 0.46 0.46 0.45 0.43 0.42 0.39 0.38 0.37 0.39 0.38 0.40 0.44 0.48 0.49 0.52 0.53
Oracle Corp. 0.41 0.40 0.37 0.36 0.36 0.34 0.31 0.29 0.29 0.28 0.29 0.28 0.30 0.30 0.30 0.33 0.35 0.35 0.35 0.34
salesforce.com inc. 0.32 0.44 0.42 0.43 0.47 0.46 0.48 0.50 0.57 0.54 0.52 0.48 0.55 0.52 0.55 0.52 0.58 0.55 0.55 0.50

Based on: 10-Q (filing date: 2020-10-29), 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-03), 10-K (filing date: 2019-02-27), 10-Q (filing date: 2018-11-07), 10-Q (filing date: 2018-08-08), 10-Q (filing date: 2018-05-08), 10-K (filing date: 2018-02-28), 10-Q (filing date: 2017-11-06), 10-Q (filing date: 2017-08-08), 10-Q (filing date: 2017-05-05), 10-K (filing date: 2017-02-28), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-03), 10-Q (filing date: 2016-05-06), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-07).

1 Q3 2020 Calculation
Total asset turnover = (RevenuesQ3 2020 + RevenuesQ2 2020 + RevenuesQ1 2020 + RevenuesQ4 2019) ÷ Total assets
= (1,151,972 + 1,070,842 + 1,046,340 + 951,774) ÷ 7,705,459 = 0.55

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. ServiceNow Inc.’s total asset turnover ratio improved from Q1 2020 to Q2 2020 but then deteriorated significantly from Q2 2020 to Q3 2020.

Equity Turnover

ServiceNow Inc., equity turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in thousands)
Revenues 1,151,972  1,070,842  1,046,340  951,774  885,833  833,904  788,926  715,441  673,097  631,056  589,222  546,370  498,170  471,703  416,783  385,666  357,656  341,312  305,879  285,650  261,150  246,716  211,964 
Stockholders’ equity 2,673,716  2,478,806  2,266,095  2,127,941  1,429,473  1,260,946  1,194,951  1,111,199  1,020,184  891,710  865,163  584,132  551,391  482,426  427,339  386,961  362,503  324,282  302,356  566,814  516,934  463,113  454,910 
Long-term Activity Ratio
Equity turnover1 1.58 1.60 1.64 1.63 2.26 2.39 2.35 2.35 2.39 2.54 2.43 3.31 3.21 3.38 3.51 3.59 3.56 3.68 3.64 1.77
Benchmarks
Equity Turnover, Competitors2
Adobe Inc. 1.06 1.11 1.11 1.06 1.04 1.02 0.97 0.96 0.97 0.93 0.89 0.86 0.84 0.84 0.81 0.79 0.76 0.73 0.72 0.68 0.67 0.66 0.65
Alphabet Inc. 0.81 0.80 0.82 0.80 0.80 0.77 0.77 0.77 0.76 0.76 0.73 0.73 0.67 0.67 0.65 0.65 0.64 0.64 0.63 0.62
Autodesk Inc. 18.47 6.20 3.95 2.77 2.07 1.74 1.65 1.55 1.45 1.33 1.15 1.13
Facebook Inc. 0.67 0.68 0.70 0.70 0.71 0.71 0.68 0.66 0.65 0.61 0.57 0.55 0.51 0.50 0.49 0.47 0.46 0.44 0.42 0.41
International Business Machines Corp. 3.54 3.67 3.83 3.70 4.30 4.41 4.78 4.74 4.06 4.36 4.41 4.50 3.99 4.26 4.33 4.38 4.72 5.10 5.42 5.73
Intuit Inc. 1.45 1.91 1.91 1.81 1.67 2.30 2.19 2.53 2.46 4.70 4.39 3.82 3.00 6.18 5.08 4.04 3.71 6.97 4.08 1.80
Microsoft Corp. 1.21 1.22 1.22 1.23 1.29 1.29 1.34 1.33 1.31 1.26 1.05 1.24 1.25 1.25 1.21 1.19 1.16 1.15 1.17 1.17
Oracle Corp. 2.79 2.54 2.14 1.81 1.67 1.30 1.05 0.87 0.83 0.70 0.68 0.70 0.74 0.77 0.78 0.78 0.81 0.82 0.81 0.79
salesforce.com inc. 0.48 0.86 0.85 0.85 0.85 0.87 1.00 1.12 1.12 1.11 1.12 1.12 1.16 1.22 1.27 1.33 1.33 1.32 1.34 1.35

Based on: 10-Q (filing date: 2020-10-29), 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-03), 10-K (filing date: 2019-02-27), 10-Q (filing date: 2018-11-07), 10-Q (filing date: 2018-08-08), 10-Q (filing date: 2018-05-08), 10-K (filing date: 2018-02-28), 10-Q (filing date: 2017-11-06), 10-Q (filing date: 2017-08-08), 10-Q (filing date: 2017-05-05), 10-K (filing date: 2017-02-28), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-03), 10-Q (filing date: 2016-05-06), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-07).

1 Q3 2020 Calculation
Equity turnover = (RevenuesQ3 2020 + RevenuesQ2 2020 + RevenuesQ1 2020 + RevenuesQ4 2019) ÷ Stockholders’ equity
= (1,151,972 + 1,070,842 + 1,046,340 + 951,774) ÷ 2,673,716 = 1.58

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. ServiceNow Inc.’s equity turnover ratio deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.