Corning Incorporated (GLW)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 506,000 | 581,000 | 1,316,000 | 1,906,000 | 512,000 |
| Total assets | US$ in thousands | 27,735,000 | 28,500,000 | 29,499,000 | 30,154,000 | 30,775,000 |
| ROA | 1.82% | 2.04% | 4.46% | 6.32% | 1.66% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $506,000K ÷ $27,735,000K
= 1.82%
To analyze Corning Incorporated's return on assets (ROA) over the past five years, we look at the trend in the ROA percentage.
1. In December 31, 2020, Corning's ROA was 1.66%. This indicates that for every dollar of assets the company had, it generated a return of 1.66 cents.
2. By December 31, 2021, the ROA had increased significantly to 6.32%. This suggests that the company was able to improve its efficiency in generating profits from its assets.
3. In December 31, 2022, the ROA decreased to 4.46%, still indicating a relatively strong performance in utilizing its assets to generate returns.
4. The trend shifted downward in December 31, 2023, with the ROA dropping to 2.04%. This decrease may suggest challenges or changes in the company's operations affecting its asset utilization.
5. By December 31, 2024, the ROA further declined to 1.82%, indicating a continued decrease in the efficiency of generating returns from the company's assets.
Overall, Corning Incorporated's ROA has shown fluctuations over the years, with periods of significant improvement followed by declines. It is important for the company to assess and address factors impacting its asset efficiency to enhance overall financial performance.
Peer comparison
Dec 31, 2024