Corning Incorporated (GLW)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,118,000 | 12,588,000 | 14,189,000 | 14,082,000 | 11,303,000 |
| Total assets | US$ in thousands | 27,735,000 | 28,500,000 | 29,499,000 | 30,154,000 | 30,775,000 |
| Total asset turnover | 0.47 | 0.44 | 0.48 | 0.47 | 0.37 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $13,118,000K ÷ $27,735,000K
= 0.47
Corning Incorporated's total asset turnover has shown a mixed performance over the past five years. The ratio increased from 0.37 in December 31, 2020, to 0.48 in December 31, 2022, indicating that the company was able to generate more revenue relative to its total assets during this period. However, there was a slight decrease in total asset turnover to 0.44 by December 31, 2023. By the end of December 31, 2024, the total asset turnover ratio had increased back to 0.47. Overall, the trend suggests that Corning Incorporated has been able to effectively utilize its assets to generate revenue, with some fluctuations in performance across the years.
Peer comparison
Dec 31, 2024