Corning Incorporated (GLW)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 11,551,000 | 11,430,000 | 11,412,000 | 11,925,000 | 12,008,000 | 11,284,000 | 11,734,000 | 12,395,000 | 12,333,000 | 12,145,000 | 11,960,000 | 13,369,000 | 13,257,000 | 12,660,000 | 12,049,000 | 12,198,000 | 12,907,000 | 13,034,000 | 13,425,000 | 13,607,000 |
| ROE | 5.03% | 5.12% | 5.51% | 7.64% | 10.96% | 16.30% | 17.06% | 15.23% | 15.45% | 13.76% | 14.44% | 9.03% | 3.86% | 2.31% | 1.68% | 2.99% | 7.44% | 9.36% | 11.23% | 15.83% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $581,000K ÷ $11,551,000K
= 5.03%
The return on equity (ROE) for Corning, Inc. has shown a declining trend over the past eight quarters. In Q1 2022, the ROE was relatively high at 8.75%, but it peaked in Q3 2022 at 17.06% before gradually decreasing in subsequent quarters. Q4 2022 saw a significant decrease to 10.96%, followed by a further decline to 7.64% in Q1 2023. The downward trend continued with ROE values of 5.51% in Q2 2023, 5.12% in Q3 2023, and 5.03% in Q4 2023.
The decreasing ROE trend may indicate challenges in generating profits from shareholders' equity. It is important for investors and stakeholders to closely monitor the factors contributing to this trend, such as declining net income or increasing shareholder equity, to assess the company's profitability and overall financial performance. Further analysis of the company's operations, financial structure, and strategic decisions may be necessary to understand the drivers behind the declining ROE and to determine the appropriate course of action for enhancing shareholder value.
Peer comparison
Dec 31, 2023
See also:
Corning Incorporated Return on Equity (ROE) (Quarterly Data)