Corning Incorporated (GLW)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 506,000 | 156,000 | 437,000 | 614,000 | 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 |
| 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 |
| ROA | 1.82% | 0.55% | 1.61% | 2.22% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $506,000K ÷ $27,735,000K
= 1.82%
The return on assets (ROA) of Corning Incorporated has shown fluctuations over the past few years. From March 2020 to December 2024, the ROA ranged from a low of 0.55% in September 2024 to a high of 6.74% in June 2022.
Overall, the ROA trend indicates variability in the company's ability to generate profits relative to its total assets. It is important to note that a higher ROA signifies greater efficiency in asset utilization and profitability.
Corning Incorporated experienced a notable improvement in ROA from March 2021 to June 2022, reaching levels above 5%. However, the ROA declined in the subsequent periods, demonstrating a moderation in asset profitability.
The fluctuations in ROA suggest potential changes in the company's operational efficiency, asset management, and overall profitability, which warrant further investigation and analysis to understand the underlying factors driving these variations.
Peer comparison
Dec 31, 2024
See also:
Corning Incorporated Return on Assets (ROA) (Quarterly Data)