Corning Incorporated (GLW)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,135,000 | 820,000 | 754,000 | 847,000 | 890,000 | 898,000 | 954,000 | 1,165,000 | 1,438,000 | 1,835,000 | 2,095,000 | 2,180,000 | 2,112,000 | 2,105,000 | 1,810,000 | 1,132,000 | 509,000 | 180,000 | 288,000 | 765,000 |
| 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 |
| Operating ROA | 4.09% | 2.90% | 2.77% | 3.07% | 3.12% | 3.18% | 3.33% | 4.04% | 4.87% | 6.39% | 7.05% | 7.20% | 7.00% | 7.09% | 6.07% | 3.76% | 1.65% | 0.59% | 1.05% | 2.75% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,135,000K ÷ $27,735,000K
= 4.09%
Operating return on assets (Operating ROA) is a key financial ratio that indicates how efficiently a company is generating profits from its assets used in its core operations. Looking at the data provided for Corning Incorporated over the time period, we can see fluctuations in the Operating ROA.
The trend in Corning's Operating ROA shows some variability. The ratio started at 2.75% in March 2020, decreased to 0.59% by September 2020, and then improved to 7.09% by September 2021, demonstrating a significant recovery. Thereafter, the ratio continued to show fluctuations but generally maintained an upward trend until December 2022, peaking at 7.20% in March 2022.
However, in the latter part of the data series, Corning's Operating ROA began to decline, dropping to 2.77% by June 2024, before recovering slightly to 4.09% by December 2024. Overall, the Operating ROA ratio for Corning Incorporated fluctuated within a range from around 0.59% to 7.20% during the period under review.
It is essential for stakeholders and investors to closely monitor the Operating ROA of a company like Corning to assess its operational efficiency and profitability in utilizing its assets. Fluctuations in this ratio could indicate changes in the company's operational performance, efficiency, or asset management strategies.
Peer comparison
Dec 31, 2024