ServiceNow Long Term Investments vs Other Current Assets Analysis
| NOW Stock | USD 716.25 30.04 4.03% |
ServiceNow financial indicator trend analysis is much more than just breaking down ServiceNow prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ServiceNow is a good investment. Please check the relationship between ServiceNow Long Term Investments and its Other Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ServiceNow. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy ServiceNow Stock please use our How to Invest in ServiceNow guide.
Long Term Investments vs Other Current Assets
Long Term Investments vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ServiceNow Long Term Investments account and Other Current Assets. At this time, the significance of the direction appears to have totally related.
The correlation between ServiceNow's Long Term Investments and Other Current Assets is 0.99. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of ServiceNow, assuming nothing else is changed. The correlation between historical values of ServiceNow's Long Term Investments and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of ServiceNow are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Long Term Investments i.e., ServiceNow's Long Term Investments and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Long Term Investments
Long Term Investments is an item on the asset side of ServiceNow balance sheet that represents investments ServiceNow intends to hold for over a year. ServiceNow long term investments may include different instruments such as stocks, bonds, real estate and cash.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from ServiceNow's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ServiceNow current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ServiceNow. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy ServiceNow Stock please use our How to Invest in ServiceNow guide.At this time, ServiceNow's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 100.9 B in 2024, despite the fact that Tax Provision is likely to grow to (704.9 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.5B | 5.7B | 7.1B | 7.4B | Total Revenue | 5.9B | 7.2B | 9.0B | 9.4B |
ServiceNow fundamental ratios Correlations
Click cells to compare fundamentals
ServiceNow Account Relationship Matchups
ServiceNow fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 197.2M | 202.5M | 203.2M | 203.5M | 205.6M | 156.9M | |
| Total Assets | 6.0B | 8.7B | 10.8B | 13.3B | 17.4B | 18.3B | |
| Other Current Liab | 461.4M | 668.1M | 850M | 975M | 1.4B | 1.4B | |
| Total Current Liabilities | 2.8B | 3.7B | 4.9B | 6.0B | 7.4B | 7.7B | |
| Total Stockholder Equity | 2.1B | 2.8B | 3.7B | 5.0B | 7.6B | 8.0B | |
| Other Liab | 63.5M | 80.5M | 114M | 126M | 144.9M | 152.1M | |
| Property Plant And Equipment Net | 870.5M | 1.1B | 1.4B | 1.7B | 2.1B | 2.2B | |
| Current Deferred Revenue | 2.2B | 3.0B | 3.8B | 4.7B | 5.8B | 6.1B | |
| Net Debt | 355.1M | 458.4M | 486M | 762M | 387M | 229.0M | |
| Retained Earnings | (352.2M) | (233.7M) | (4M) | 338M | 2.1B | 2.2B | |
| Accounts Payable | 53.0M | 34.2M | 89M | 274M | 126M | 132.3M | |
| Cash | 775.8M | 1.7B | 1.7B | 1.5B | 1.9B | 2.0B | |
| Non Current Assets Total | 3.2B | 4.2B | 5.6B | 6.6B | 9.6B | 10.1B | |
| Non Currrent Assets Other | 411.4M | 544.1M | 835M | 1.1B | 1.4B | 1.4B | |
| Other Assets | 988.7M | 3.1B | 1.5B | 1.7B | 2.0B | 2.1B | |
| Cash And Short Term Investments | 1.7B | 3.1B | 3.3B | 4.3B | 4.9B | 5.1B | |
| Net Receivables | 835.3M | 1.0B | 1.4B | 1.7B | 2.0B | 2.1B | |
| Common Stock Total Equity | 174K | 180K | 189K | 196K | 225.4K | 151.9K | |
| Short Term Investments | 915.3M | 1.4B | 1.6B | 2.8B | 3.0B | 3.1B | |
| Liabilities And Stockholders Equity | 6.0B | 8.7B | 10.8B | 13.3B | 17.4B | 18.3B | |
| Non Current Liabilities Total | 1.1B | 2.1B | 2.2B | 2.3B | 2.4B | 2.5B | |
| Inventory | 175.0M | 228.9M | 303M | 369M | 461M | 484.1M | |
| Other Current Assets | 125.5M | 191.5M | 223M | 280M | 403M | 423.2M | |
| Other Stockholder Equity | 2.5B | 3.0B | 3.7B | 4.8B | 5.6B | 5.9B | |
| Total Liab | 3.9B | 5.9B | 7.1B | 8.3B | 9.8B | 10.2B | |
| Property Plant And Equipment Gross | 870.5M | 1.1B | 1.4B | 1.7B | 3.4B | 3.5B | |
| Total Current Assets | 2.8B | 4.5B | 5.2B | 6.7B | 7.8B | 8.2B | |
| Accumulated Other Comprehensive Income | 25.3M | 94.2M | 34M | (102M) | (37M) | (35.2M) | |
| Short Term Debt | 52.7M | 72.2M | 174M | 96M | 89M | 133.0M | |
| Common Stock | 189K | 196K | 3.7B | 202.8K | 233.2K | 221.6K | |
| Property Plant Equipment | 468.1M | 659.6M | 1.4B | 1.7B | 2.0B | 2.1B | |
| Short Long Term Debt Total | 1.1B | 2.1B | 2.2B | 2.2B | 2.3B | 1.3B | |
| Net Tangible Assets | 1.8B | 2.4B | 2.6B | 4.0B | 4.6B | 4.8B | |
| Long Term Debt | 695.0M | 1.6B | 1.5B | 1.5B | 1.5B | 909.9M | |
| Good Will | 156.8M | 240.8M | 777M | 824M | 1.2B | 1.3B | |
| Retained Earnings Total Equity | (978.8M) | (352.2M) | (233.7M) | (4M) | (3.6M) | (3.8M) | |
| Capital Surpluse | 2.5B | 3.0B | 3.7B | 4.8B | 5.5B | 5.8B | |
| Deferred Long Term Liab | 333.4M | 444.1M | 623M | 742M | 853.3M | 896.0M | |
| Non Current Liabilities Other | 446.7M | 503.3M | 670M | 56M | 118M | 187.4M |
ServiceNow Investors Sentiment
The influence of ServiceNow's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ServiceNow. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to ServiceNow's public news can be used to forecast risks associated with an investment in ServiceNow. The trend in average sentiment can be used to explain how an investor holding ServiceNow can time the market purely based on public headlines and social activities around ServiceNow. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
ServiceNow's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ServiceNow's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average ServiceNow's news discussions. The higher the estimated score, the more favorable is the investor's outlook on ServiceNow.
ServiceNow Implied Volatility | 63.97 |
ServiceNow's implied volatility exposes the market's sentiment of ServiceNow stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if ServiceNow's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that ServiceNow stock will not fluctuate a lot when ServiceNow's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ServiceNow in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ServiceNow's short interest history, or implied volatility extrapolated from ServiceNow options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ServiceNow. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy ServiceNow Stock please use our How to Invest in ServiceNow guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
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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.
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Is ServiceNow's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ServiceNow. If investors know ServiceNow will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ServiceNow listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.288 | Earnings Share 8.43 | Revenue Per Share 46.316 | Quarterly Revenue Growth 0.242 | Return On Assets 0.0381 |
The market value of ServiceNow is measured differently than its book value, which is the value of ServiceNow that is recorded on the company's balance sheet. Investors also form their own opinion of ServiceNow's value that differs from its market value or its book value, called intrinsic value, which is ServiceNow's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ServiceNow's market value can be influenced by many factors that don't directly affect ServiceNow's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ServiceNow's value and its price as these two are different measures arrived at by different means. Investors typically determine if ServiceNow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ServiceNow's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.