Corning Incorporated (GLW)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,135,000 | 890,000 | 1,438,000 | 2,112,000 | 509,000 |
| Total assets | US$ in thousands | 27,735,000 | 28,500,000 | 29,499,000 | 30,154,000 | 30,775,000 |
| Operating ROA | 4.09% | 3.12% | 4.87% | 7.00% | 1.65% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,135,000K ÷ $27,735,000K
= 4.09%
Corning Incorporated's operating return on assets (operating ROA) has shown fluctuations over the past five years.
In 2020, the operating ROA was 1.65%, indicating that for every dollar of assets, the company generated 1.65 cents of operating income.
The operating ROA then experienced a significant improvement in 2021, reaching 7.00%, suggesting a more efficient utilization of assets to generate operating profits.
However, in 2022, there was a slight decrease to 4.87%, indicating a lower return on assets compared to the previous year.
In 2023, the operating ROA further decreased to 3.12%, signaling a decrease in operational efficiency in generating profits from assets.
By 2024, there was a slight recovery in the operating ROA to 4.09%, but it remained below the levels seen in 2021.
Overall, the fluctuation in Corning Incorporated's operating ROA over the years reflects varying levels of operational efficiency and profitability in utilizing its assets to generate income. This trend suggests the need for the company to focus on improving its asset utilization and operational performance to enhance its overall profitability in the future.
Peer comparison
Dec 31, 2024