Corning Incorporated (GLW)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 13,118,000 | 12,611,000 | 12,393,000 | 12,385,000 | 12,588,000 | 13,000,000 | 13,315,000 | 13,687,000 | 14,189,000 | 14,459,000 | 14,586,000 | 14,472,000 | 14,082,000 | 13,756,000 | 13,142,000 | 12,202,000 | 11,303,000 | 10,770,000 | 10,703,000 | 11,082,000 |
| Total assets | US$ in thousands | 27,735,000 | 28,322,000 | 27,179,000 | 27,618,000 | 28,500,000 | 28,278,000 | 28,645,000 | 28,822,000 | 29,499,000 | 28,735,000 | 29,718,000 | 30,257,000 | 30,154,000 | 29,706,000 | 29,806,000 | 30,143,000 | 30,775,000 | 30,267,000 | 27,546,000 | 27,859,000 |
| Total asset turnover | 0.47 | 0.45 | 0.46 | 0.45 | 0.44 | 0.46 | 0.46 | 0.47 | 0.48 | 0.50 | 0.49 | 0.48 | 0.47 | 0.46 | 0.44 | 0.40 | 0.37 | 0.36 | 0.39 | 0.40 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $13,118,000K ÷ $27,735,000K
= 0.47
The total asset turnover ratio for Corning Incorporated has shown a fluctuating trend over the analyzed period. Starting at 0.40 in March 2020, the ratio decreased slightly to 0.39 by June 2020 before further declining to 0.36 by September 2020. However, there was a reversal in the trend as the ratio improved to 0.37 by December 2020.
The following year saw a gradual increase in the total asset turnover ratio, reaching 0.44 by June 2021 and further climbing to 0.50 by September 2022. This upward trajectory continued into 2023, peaking at 0.47 in March 2023. However, the ratio experienced a slight decline to 0.44 by December 2023 before recovering to 0.46 by June 2024.
Overall, the total asset turnover ratio for Corning Incorporated demonstrates the company's ability to generate sales from its total assets efficiently, albeit with some fluctuations. The increasing trend from 2020 to 2022 indicates improved asset utilization, although the slight fluctuations in later periods suggest some variability in the company's operational efficiency.
Peer comparison
Dec 31, 2024