Analysis of Geographic Areas
ServiceNow Inc. operates in 3 regions: North America; Europe, the Middle East and Africa (EMEA); and Asia Pacific and other.
Area Asset Turnover
ServiceNow Inc., asset turnover by geographic area
| 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
| 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
| 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
| 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
| 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
| 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).