ServiceNow Capital Expenditures vs Net Income Analysis

NOW Stock

USD 1,115 15.21 1.35%

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 Capital Expenditures and its Net Income 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 closely tied 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.

Capital Expenditures vs Net Income

Capital Expenditures vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ServiceNow Capital Expenditures account and Net Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between ServiceNow's Capital Expenditures and Net Income is 0.84. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Net Income in the same time period over historical financial statements of ServiceNow, assuming nothing else is changed. The correlation between historical values of ServiceNow's Capital Expenditures and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of ServiceNow are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Capital Expenditures i.e., ServiceNow's Capital Expenditures and Net Income go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

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Capital Expenditures

Capital Expenditures are funds used by ServiceNow to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of ServiceNow operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in ServiceNow financial statement analysis. It represents the amount of money remaining after all of ServiceNow operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

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 closely tied 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

Gross Profit Total Revenue

ServiceNow fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Common Stock Shares Outstanding		0.64	0.61	0.67	0.55	0.72	0.65	0.67	0.84	0.14	0.56	0.73	0.61	0.58	0.68	0.69	0.67	0.76	0.64	0.77	0.28	0.59	0.73	0.7	0.52	0.68
Total Assets	0.64		0.99	1.0	0.99	0.91	0.99	1.0	0.67	0.79	0.78	0.96	1.0	0.99	0.84	0.99	1.0	0.57	0.98	0.96	-0.28	0.97	0.99	0.99	0.98	1.0
Other Current Liab	0.61	0.99		0.99	0.98	0.88	0.99	0.98	0.66	0.82	0.74	0.94	0.99	0.99	0.84	0.97	0.98	0.53	0.96	0.94	-0.32	0.95	0.96	0.98	0.98	0.98
Total Current Liabilities	0.67	1.0	0.99		0.98	0.93	0.99	1.0	0.71	0.75	0.8	0.96	0.99	0.98	0.83	0.99	1.0	0.59	0.98	0.96	-0.23	0.97	0.99	1.0	0.96	1.0
Total Stockholder Equity	0.55	0.99	0.98	0.98		0.87	0.98	0.98	0.58	0.87	0.76	0.91	1.0	0.99	0.79	0.96	0.98	0.51	0.97	0.91	-0.4	0.97	0.96	0.97	0.99	0.97
Other Liab	0.72	0.91	0.88	0.93	0.87		0.88	0.93	0.73	0.55	0.74	0.89	0.88	0.86	0.71	0.94	0.92	0.69	0.94	0.89	-0.16	0.87	0.95	0.93	0.85	0.94
Property Plant And Equipment Net	0.65	0.99	0.99	0.99	0.98	0.88		0.99	0.69	0.79	0.8	0.95	0.99	0.99	0.86	0.98	0.99	0.57	0.97	0.96	-0.23	0.98	0.98	0.99	0.96	0.99
Current Deferred Revenue	0.67	1.0	0.98	1.0	0.98	0.93	0.99		0.69	0.76	0.79	0.96	0.99	0.98	0.84	0.99	1.0	0.59	0.98	0.96	-0.24	0.97	0.99	1.0	0.96	1.0
Net Debt	0.84	0.67	0.66	0.71	0.58	0.73	0.69	0.69		0.19	0.75	0.75	0.63	0.64	0.7	0.74	0.7	0.67	0.71	0.79	0.4	0.69	0.73	0.73	0.52	0.73
Retained Earnings	0.14	0.79	0.82	0.75	0.87	0.55	0.79	0.76	0.19		0.52	0.65	0.83	0.84	0.56	0.72	0.76	0.14	0.75	0.64	-0.68	0.79	0.7	0.73	0.89	0.74
Accounts Payable	0.56	0.78	0.74	0.8	0.76	0.74	0.8	0.79	0.75	0.52		0.69	0.76	0.8	0.57	0.8	0.81	0.48	0.85	0.76	0.1	0.87	0.8	0.79	0.69	0.8
Cash	0.73	0.96	0.94	0.96	0.91	0.89	0.95	0.96	0.75	0.65	0.69		0.94	0.93	0.92	0.97	0.95	0.65	0.92	0.99	-0.12	0.92	0.95	0.97	0.89	0.97
Non Current Assets Total	0.61	1.0	0.99	0.99	1.0	0.88	0.99	0.99	0.63	0.83	0.76	0.94		0.99	0.82	0.98	0.99	0.54	0.97	0.94	-0.33	0.97	0.97	0.98	0.99	0.98
Non Currrent Assets Other	0.58	0.99	0.99	0.98	0.99	0.86	0.99	0.98	0.64	0.84	0.8	0.93	0.99		0.82	0.97	0.99	0.5	0.97	0.94	-0.29	0.98	0.96	0.98	0.97	0.98
Other Assets	0.68	0.84	0.84	0.83	0.79	0.71	0.86	0.84	0.7	0.56	0.57	0.92	0.82	0.82		0.86	0.83	0.56	0.79	0.92	-0.01	0.82	0.82	0.86	0.77	0.85
Cash And Short Term Investments	0.69	0.99	0.97	0.99	0.96	0.94	0.98	0.99	0.74	0.72	0.8	0.97	0.98	0.97	0.86		0.99	0.62	0.99	0.97	-0.2	0.97	0.99	1.0	0.94	1.0
Net Receivables	0.67	1.0	0.98	1.0	0.98	0.92	0.99	1.0	0.7	0.76	0.81	0.95	0.99	0.99	0.83	0.99		0.59	0.98	0.96	-0.22	0.97	0.99	1.0	0.96	1.0
Common Stock Total Equity	0.76	0.57	0.53	0.59	0.51	0.69	0.57	0.59	0.67	0.14	0.48	0.65	0.54	0.5	0.56	0.62	0.59		0.59	0.65	0.15	0.51	0.64	0.61	0.47	0.61
Short Term Investments	0.64	0.98	0.96	0.98	0.97	0.94	0.97	0.98	0.71	0.75	0.85	0.92	0.97	0.97	0.79	0.99	0.98	0.59		0.93	-0.25	0.98	0.98	0.98	0.95	0.99
Non Current Liabilities Total	0.77	0.96	0.94	0.96	0.91	0.89	0.96	0.96	0.79	0.64	0.76	0.99	0.94	0.94	0.92	0.97	0.96	0.65	0.93		-0.06	0.94	0.96	0.98	0.89	0.97
Inventory	0.28	-0.28	-0.32	-0.23	-0.4	-0.16	-0.23	-0.24	0.4	-0.68	0.1	-0.12	-0.33	-0.29	-0.01	-0.2	-0.22	0.15	-0.25	-0.06		-0.21	-0.2	-0.19	-0.48	-0.21
Other Current Assets	0.59	0.97	0.95	0.97	0.97	0.87	0.98	0.97	0.69	0.79	0.87	0.92	0.97	0.98	0.82	0.97	0.97	0.51	0.98	0.94	-0.21		0.95	0.97	0.94	0.97
Other Stockholder Equity	0.73	0.99	0.96	0.99	0.96	0.95	0.98	0.99	0.73	0.7	0.8	0.95	0.97	0.96	0.82	0.99	0.99	0.64	0.98	0.96	-0.2	0.95		0.99	0.94	0.99
Total Liab	0.7	0.99	0.98	1.0	0.97	0.93	0.99	1.0	0.73	0.73	0.79	0.97	0.98	0.98	0.86	1.0	1.0	0.61	0.98	0.98	-0.19	0.97	0.99		0.95	1.0
Property Plant And Equipment Gross	0.52	0.98	0.98	0.96	0.99	0.85	0.96	0.96	0.52	0.89	0.69	0.89	0.99	0.97	0.77	0.94	0.96	0.47	0.95	0.89	-0.48	0.94	0.94	0.95		0.95
Total Current Assets	0.68	1.0	0.98	1.0	0.97	0.94	0.99	1.0	0.73	0.74	0.8	0.97	0.98	0.98	0.85	1.0	1.0	0.61	0.99	0.97	-0.21	0.97	0.99	1.0	0.95

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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	537.6M	667M	770M	1.2B	1.2B
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	(345M)	(327.8M)
Other Current Assets	125.5M	421M	526M	896M	864M	907.2M
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	144.2M	256M	192M	178M	159.6M
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

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ServiceNow Capital Expenditures vs Net Income Analysis

Capital Expenditures vs Net Income

Capital Expenditures vs Net Income Correlation Analysis

Correlation Coefficient

Capital Expenditures

Net Income

ServiceNow fundamental ratios Correlations

ServiceNow Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ServiceNow fundamental ratios Accounts

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Additional Tools for ServiceNow Stock Analysis

COMMON DESTINATIONS

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Total Current Liabilities	+ 1.0	Total Assets
Current Deferred Revenue	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Receivables	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Current Deferred Revenue	+ 1.0	Total Current Liabilities

Inventory	- 0.68	Retained Earnings
Property Plant And Equipment Gross	- 0.48	Inventory
Inventory	- 0.4	Total Stockholder Equity
Inventory	- 0.33	Non Current Assets Total
Inventory	- 0.32	Other Current Liab
Inventory	- 0.29	Non Currrent Assets Other