Corning Incorporated (GLW)
Return on assets (ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 581,000 | 585,000 | 629,000 | 911,000 | 1,316,000 | 1,839,000 | 2,002,000 | 1,888,000 | 1,906,000 | 1,671,000 | 1,727,000 | 1,207,000 | 512,000 | 292,000 | 202,000 | 365,000 | 960,000 | 1,220,000 | 1,508,000 | 2,154,000 |
| Total assets | US$ in thousands | 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 | 28,898,000 | 27,329,000 | 27,575,000 | 27,321,000 |
| ROA | 2.04% | 2.07% | 2.20% | 3.16% | 4.46% | 6.40% | 6.74% | 6.24% | 6.32% | 5.63% | 5.79% | 4.00% | 1.66% | 0.96% | 0.73% | 1.31% | 3.32% | 4.46% | 5.47% | 7.88% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $581,000K ÷ $28,500,000K
= 2.04%
Corning, Inc.'s return on assets (ROA) has been relatively stable over the past eight quarters. The trend shows a gradual decline in ROA from 6.74% in Q2 2022 to 2.04% in Q4 2023. This indicates a decrease in the company's ability to generate profits from its assets over this period.
The downward trend in ROA could be attributed to various factors, such as increased operating expenses, lower revenue generation, or inefficient asset utilization. It is essential for the company to address these issues to enhance its profitability and efficiency in utilizing its assets effectively.
Overall, the analysis of Corning, Inc.'s ROA suggests a need for further investigation into the factors influencing the decline in profitability and a strategic focus on improving asset management to drive better financial performance in the future.
Peer comparison
Dec 31, 2023
See also:
Corning Incorporated Return on Assets (ROA) (Quarterly Data)