Now (DNOW) Assets by Geography

Maps the company’s physical and financial assets—warehouses, inventory, and fixed assets—by region, showing where capital is tied up and how well positioned Now is to serve local customers. High asset concentration can signal logistical strength in a market but also greater exposure to local downturns or inventory risk.

The post‑deal balance sheet clearly shifted asset concentration to the U.S. (with a transient international bump) driven by the MRC Global combination, inventory step‑up and ERP migration—while Canada has trended down. That increases DNOW’s near‑term sensitivity to U.S. oil/gas cycles and working‑capital strain, but management’s inventory‑unlock, ERP stabilization and accelerated synergies (plus a stated ~$100M inventory reduction target) are credible paths to convert these tied‑up assets into cash and meaningful leverage relief if execution holds.