Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

ServiceNow Inc. (NYSE:NOW)

Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Beginner level

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Short-term Activity Ratios (Summary)

ServiceNow Inc., short-term (operating) activity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
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
Turnover Ratios
Receivables turnover 6.26 6.04 4.14 5.98 5.98 6.65 4.54 5.74 6.16 5.67 4.44 6.07 5.85 5.40 4.31 5.86 6.05 5.78 4.94 — — —
Payables turnover 10.13 11.28 15.04 12.17 10.81 17.21 20.26 13.62 18.21 13.97 15.56 22.67 18.22 12.50 10.47 12.82 8.85 8.75 8.82 — — —
Working capital turnover 8.10 43.84 46.69 30.81 13.86 10.15 7.86 5.16 4.40 5.37 6.24 2.09 1.83 5.85 5.13 5.65 4.86 7.58 2.84 — — —
Average No. Days
Average receivable collection period 58 60 88 61 61 55 80 64 59 64 82 60 62 68 85 62 60 63 74 — — —
Average payables payment period 36 32 24 30 34 21 18 27 20 26 23 16 20 29 35 28 41 42 41 — — —

Based on: 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).

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. ServiceNow Inc.’s receivables turnover ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. ServiceNow Inc.’s payables turnover ratio decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Working capital turnover An activity ratio calculated as revenue divided by working capital. ServiceNow Inc.’s working capital turnover ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. ServiceNow Inc.’s number of days of receivables outstanding improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. ServiceNow Inc.’s number of days of payables outstanding increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Receivables Turnover

ServiceNow Inc., receivables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 1,070,842  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 
Accounts receivable, net 631,992  615,234  835,279  539,416  503,376  422,559  574,810  424,698  367,598  371,008  434,895  291,903  279,088  278,107  322,757  220,089  197,296  190,263  203,333  159,768  143,206  142,720 
Short-term Activity Ratio
Receivables turnover1 6.26 6.04 4.14 5.98 5.98 6.65 4.54 5.74 6.16 5.67 4.44 6.07 5.85 5.40 4.31 5.86 6.05 5.78 4.94 — — —
Benchmarks
Receivables Turnover, Competitors2
Adobe Inc. 8.82 8.40 7.28 7.76 7.94 7.12 6.86 8.21 7.56 7.24 5.99 6.86 7.24 7.23 7.03 7.59 7.96 8.46 7.14 7.69 8.65 7.99
Alphabet Inc. 7.83 7.64 6.39 7.42 7.07 7.42 6.57 7.26 7.27 6.99 6.05 6.84 7.09 7.34 6.39 7.14 7.00 7.21 6.49 — — —
Autodesk Inc. 8.44 10.24 5.42 7.72 9.56 10.31 4.69 6.44 7.36 8.66 4.49 8.47 7.53 9.24 3.83 6.96 6.44 8.12 5.47 — — —
Facebook Inc. 10.04 10.06 7.43 8.67 8.33 9.10 7.36 8.57 8.68 8.72 6.97 8.25 8.51 8.87 6.92 8.04 7.91 8.42 7.01 — — —
International Business Machines Corp. 11.54 11.05 9.80 11.42 10.50 11.26 10.71 11.37 10.85 10.29 8.86 9.62 9.34 9.48 8.70 9.67 9.14 9.48 9.81 — — —
Intuit Inc. 11.82 66.66 77.98 25.87 11.61 79.14 60.86 18.83 10.21 45.56 50.26 20.77 9.31 39.33 43.46 21.66 8.72 34.62 46.07 — — —
Microsoft Corp. 5.71 6.80 4.26 6.34 6.02 6.61 4.17 6.02 5.36 6.46 4.54 6.77 5.97 7.67 4.67 7.09 6.07 7.93 5.23 — — —
Oracle Corp. 9.77 10.35 7.69 9.92 10.01 10.68 7.55 10.12 10.24 10.67 7.12 10.06 10.09 10.92 6.88 9.67 9.47 10.96 6.80 — — —
salesforce.com inc. 6.32 6.51 2.70 6.15 5.97 6.30 2.68 6.53 5.98 6.16 2.63 6.17 5.65 5.93 2.67 5.94 5.59 6.11 2.82 — — —

Based on: 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 Q2 2020 Calculation
Receivables turnover = (RevenuesQ2 2020 + RevenuesQ1 2020 + RevenuesQ4 2019 + RevenuesQ3 2019) ÷ Accounts receivable, net
= (1,070,842 + 1,046,340 + 951,774 + 885,833) ÷ 631,992 = 6.26

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. ServiceNow Inc.’s receivables turnover ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Payables Turnover

ServiceNow Inc., payables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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)
Cost of revenues 232,939  223,366  211,453  200,793  198,147  186,252  168,162  157,858  153,165  143,473  134,360  127,280  121,685  116,447  104,936  102,837  96,649  94,260  90,909  81,888  79,717  76,899 
Accounts payable 85,757  73,904  52,960  61,906  65,711  38,668  30,733  43,223  30,656  37,715  32,109  20,752  24,478  33,658  38,080  30,012  41,095  39,621  37,369  30,654  20,966  18,192 
Short-term Activity Ratio
Payables turnover1 10.13 11.28 15.04 12.17 10.81 17.21 20.26 13.62 18.21 13.97 15.56 22.67 18.22 12.50 10.47 12.82 8.85 8.75 8.82 — — —
Benchmarks
Payables Turnover, Competitors2
Adobe Inc. 6.00 6.52 7.98 8.45 8.63 9.18 6.42 7.60 9.16 7.87 8.90 10.59 11.50 4.48 9.31 9.64 10.49 10.82 7.98 10.08 11.86 8.93
Alphabet Inc. 18.73 18.26 12.93 16.61 16.69 16.74 13.60 14.75 15.66 13.97 14.53 15.70 15.89 16.17 17.22 15.02 18.07 17.67 14.59 — — —
Autodesk Inc. 3.35 3.08 2.81 3.18 3.49 2.82 3.20 3.36 3.41 3.51 3.66 3.44 3.29 3.46 3.09 3.49 3.97 3.82 3.40 — — —
Facebook Inc. 15.15 16.18 9.37 14.04 17.31 16.96 11.41 13.85 17.18 10.49 14.35 12.77 13.72 24.18 12.55 13.72 25.38 20.48 14.63 — — —
International Business Machines Corp. 8.36 9.63 8.30 10.16 8.75 7.35 6.50 8.04 7.91 7.56 6.65 7.74 8.19 7.89 6.70 7.85 7.48 7.72 6.81 — — —
Intuit Inc. 2.78 4.45 4.26 2.92 2.67 4.92 5.49 2.86 2.51 3.74 5.15 2.96 3.01 4.66 4.09 2.80 2.60 4.11 3.82 — — —
Microsoft Corp. 4.92 5.06 4.57 5.60 5.47 4.70 4.45 4.86 4.57 5.05 4.64 5.43 5.08 5.31 4.75 4.77 4.57 4.82 5.01 — — —
Oracle Corp. 15.07 16.46 13.78 13.45 13.86 15.37 15.28 13.11 14.07 12.86 12.47 15.39 11.95 13.44 14.84 18.52 18.45 18.25 9.34 — — —

Based on: 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 Q2 2020 Calculation
Payables turnover = (Cost of revenuesQ2 2020 + Cost of revenuesQ1 2020 + Cost of revenuesQ4 2019 + Cost of revenuesQ3 2019) ÷ Accounts payable
= (232,939 + 223,366 + 211,453 + 200,793) ÷ 85,757 = 10.13

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. ServiceNow Inc.’s payables turnover ratio decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Working Capital Turnover

ServiceNow Inc., working capital turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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)
Current assets 3,337,122  2,805,861  2,826,901  2,297,213  2,442,287  2,374,486  2,344,693  2,292,185  2,351,629  2,489,926  2,410,564  2,127,492  2,111,027  1,396,255  1,342,535  1,126,907  1,097,889  1,193,258  1,085,635  981,607  954,074  983,934 
Less: Current liabilities 2,848,871  2,721,061  2,752,785  2,192,561  2,224,979  2,097,841  2,012,573  1,818,957  1,837,041  2,098,016  2,100,631  1,280,651  1,217,290  1,139,805  1,071,498  898,339  852,081  1,048,283  731,636  634,821  591,633  540,926 
Working capital 488,251  84,800  74,116  104,652  217,308  276,645  332,120  473,228  514,588  391,910  309,933  846,841  893,737  256,450  271,037  228,568  245,808  144,975  353,999  346,786  362,441  443,008 
 
Revenues 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 
Short-term Activity Ratio
Working capital turnover1 8.10 43.84 46.69 30.81 13.86 10.15 7.86 5.16 4.40 5.37 6.24 2.09 1.83 5.85 5.13 5.65 4.86 7.58 2.84 — — —
Benchmarks
Working Capital Turnover, Competitors2
Adobe Inc. 8.11 9.50 — — — — 16.24 3.42 2.02 1.95 1.96 2.05 2.17 2.20 1.93 1.91 1.86 1.88 1.84 1.85 1.94 1.95
Alphabet Inc. 1.58 1.56 1.51 1.42 1.34 1.37 1.35 1.32 1.31 1.19 1.11 1.06 1.06 1.01 1.02 1.02 1.06 1.06 1.06 — — —
Autodesk Inc. — — — — — — — 16.26 5.13 22.25 7.38 3.00 2.49 2.05 1.79 1.75 1.60 2.40 1.98 — — —
Facebook Inc. 1.32 1.35 1.38 1.36 1.39 1.36 1.28 1.19 1.07 0.98 0.91 0.89 0.88 0.89 0.88 0.89 0.89 0.90 0.91 — — —
International Business Machines Corp. 49.97 — 107.30 25.25 2.21 5.69 7.29 7.03 7.11 5.98 6.40 6.01 8.67 12.39 10.50 11.48 8.08 6.24 9.93 — — —
Intuit Inc. 4.80 4.93 4.17 3.46 10.00 9.43 20.71 40.97 — — — — — — — — — — 5.14 — — —
Microsoft Corp. 1.25 1.20 1.19 1.15 1.11 1.06 0.99 0.94 0.90 0.86 0.94 0.93 1.16 0.86 1.06 1.03 1.03 1.26 1.25 — — —
Oracle Corp. 1.98 1.68 1.42 1.34 1.09 0.84 0.70 0.66 0.62 0.72 0.75 0.75 0.77 0.63 0.79 0.82 0.84 0.81 0.80 — — —
salesforce.com inc. — — — — — 4.92 — — — — — — — — — — — — — — — —

Based on: 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 Q2 2020 Calculation
Working capital turnover = (RevenuesQ2 2020 + RevenuesQ1 2020 + RevenuesQ4 2019 + RevenuesQ3 2019) ÷ Working capital
= (1,070,842 + 1,046,340 + 951,774 + 885,833) ÷ 488,251 = 8.10

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. ServiceNow Inc.’s working capital turnover ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Average Receivable Collection Period

ServiceNow Inc., average receivable collection period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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
Receivables turnover 6.26 6.04 4.14 5.98 5.98 6.65 4.54 5.74 6.16 5.67 4.44 6.07 5.85 5.40 4.31 5.86 6.05 5.78 4.94 — — —
Short-term Activity Ratio (no. days)
Average receivable collection period1 58 60 88 61 61 55 80 64 59 64 82 60 62 68 85 62 60 63 74 — — —
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Adobe Inc. 41 43 50 47 46 51 53 44 48 50 61 53 50 50 52 48 46 43 51 47 42 46
Alphabet Inc. 47 48 57 49 52 49 56 50 50 52 60 53 51 50 57 51 52 51 56 — — —
Autodesk Inc. 43 36 67 47 38 35 78 57 50 42 81 43 48 39 95 52 57 45 67 — — —
Facebook Inc. 36 36 49 42 44 40 50 43 42 42 52 44 43 41 53 45 46 43 52 — — —
International Business Machines Corp. 32 33 37 32 35 32 34 32 34 35 41 38 39 39 42 38 40 39 37 — — —
Intuit Inc. 31 5 5 14 31 5 6 19 36 8 7 18 39 9 8 17 42 11 8 — — —
Microsoft Corp. 64 54 86 58 61 55 88 61 68 57 80 54 61 48 78 51 60 46 70 — — —
Oracle Corp. 37 35 47 37 36 34 48 36 36 34 51 36 36 33 53 38 39 33 54 — — —
salesforce.com inc. 58 56 135 59 61 58 136 56 61 59 139 59 65 62 137 61 65 60 129 — — —

Based on: 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 Q2 2020 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 6.26 = 58

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. ServiceNow Inc.’s number of days of receivables outstanding improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Average Payables Payment Period

ServiceNow Inc., average payables payment period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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
Payables turnover 10.13 11.28 15.04 12.17 10.81 17.21 20.26 13.62 18.21 13.97 15.56 22.67 18.22 12.50 10.47 12.82 8.85 8.75 8.82 — — —
Short-term Activity Ratio (no. days)
Average payables payment period1 36 32 24 30 34 21 18 27 20 26 23 16 20 29 35 28 41 42 41 — — —
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Adobe Inc. 61 56 46 43 42 40 57 48 40 46 41 34 32 81 39 38 35 34 46 36 31 41
Alphabet Inc. 19 20 28 22 22 22 27 25 23 26 25 23 23 23 21 24 20 21 25 — — —
Autodesk Inc. 109 119 130 115 104 129 114 109 107 104 100 106 111 105 118 105 92 96 107 — — —
Facebook Inc. 24 23 39 26 21 22 32 26 21 35 25 29 27 15 29 27 14 18 25 — — —
International Business Machines Corp. 44 38 44 36 42 50 56 45 46 48 55 47 45 46 54 46 49 47 54 — — —
Intuit Inc. 131 82 86 125 137 74 66 128 145 98 71 123 121 78 89 130 140 89 96 — — —
Microsoft Corp. 74 72 80 65 67 78 82 75 80 72 79 67 72 69 77 76 80 76 73 — — —
Oracle Corp. 24 22 26 27 26 24 24 28 26 28 29 24 31 27 25 20 20 20 39 — — —

Based on: 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 Q2 2020 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 10.13 = 36

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. ServiceNow Inc.’s number of days of payables outstanding increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.