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Corning Inc  (GLW)
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    Sector  Technology    Industry Communications Equipment


Corning Inc's ROA from the first quarter of 2024 to the first quarter of 2023 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is Corning Inc's ROA in the first quarter of 2024?
Corning Inc achieved a return on average assets (ROA) of 2.51 % in its first quarter of 2024, which is below Corning Inc's average return on assets, which stands at 8.69%.

ROA has improved compared to 2.36% in the fourth quarter of 2023, due to net income growth.

However, within the Technology sector 181 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Mar 31 2024 quarter, so far to 1396, from total ROA ranking in the fourth quarter of 2023 at 1634.

What is ROA?


Return On Assets (Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Total Assets Change -4.44 % -7.3 % -5.2 % -7.25 % -8.4 %
Y / Y Net Income Change 17.8 % - -19.47 % -48.12 % -67.13 %
Net Income (TTM) in million 682 648 671 715 996
Return On Assets (TTM) 2.51 % 2.36 % 2.4 % 2.52 % 3.44 %
GLW's Total Ranking # 1396 # 1634 # 1759 # 1770 # 1584
Total Assets (TTM) in million 26,486 27,347 27,241 27,562 27,716
Seq. Total Assets Change -3.15 % 0.39 % -1.16 % -0.56 % -6.04 %
Seq. Net Income Change - - -39.93 % 58.64 % -



Return On Assets Company Ranking
Within: No.
Industry # 5
Sector # 182
Overall # 1395

Return On Assets Statistics
High Average Low
34.34 %
8.69 %
-4.25 %
(June 30. 2008)   (Mar 31 2018)





Financial Statements
Corning Inc's Assets $ 26,486 million GLW's Balance sheet
Corning Inc's Income $ 225 million Quarterly GLW's Income Statement
GLW's Income by Division See GLW's Income by Division



Annual Return On Assets (Dec 31 2023)
FY 2023
(Dec 31 2022)
FY 2022
(Dec 31 2021)
FY 2021
(Dec 31 2020)
FY 2020
(Dec 31 2019)
FY 2019
Y / Y Total Assets Change -7.3 % -2.17 % -2.02 % 6.5 % 5.06 %
Total Assets in million 27,347 29,499 30,154 30,775 28,898
Y / Y Net Income Change -53.25 % -27.28 % 272.27 % -46.67 % -9.94 %
Net Income in million 648 1,386 1,906 512 960
Return On Assets 2.37 % 4.7 % 6.32 % 1.66 % 3.32 %




Comment on GLW's ROA in the fiscal year ending 2023
In the fiscal year 2023 Corning Inc's ROA decreased compared to previous year to 2.37 %, due to deterioration of net income -53.25 % to $648.00 million, from $1,386.00 million a year ago, as GLW's assets were $27,347.00 million.


More Return On Assets Ratios
GLW's' Return on Assets at Yahoo Finance
Communications Equipment Industry Return On Assets Trends and Statistics
Technology Sector Roa Statistics
Roa Trends for overall market
GLW's Roa Ratio versus Communications Equipment Industry, Technology Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for GLW's Competitors
Roa for Corning Inc's Suppliers
Return On Assets for GLW's Customers

You may also want to know
GLW's Roi GLW's Inventory Turnover Ratio GLW's Growth Rates GLW's Dividend Comparisons
GLW's Profitability Ratios GLW's Asset Turnover Ratio GLW's Dividend Growth
GLW's Roe GLW's Valuation Ratios GLW's Financial Strength Ratios GLW's Dividend Payout Ratio



Companies with similar Return On Assets at Mar 31 2024, within Technology Sector ROA
Belden Inc   6.87 %
Ipg Photonics Corp  6.86 %
Playtika Holding Corp   6.72 %
Automatic Data Processing Inc   6.68 %
Power Integrations Inc   6.31 %
Itron Inc   6.30 %
Ansys Inc   6.26 %
Alarm com Holdings Inc   6.26 %
Vishay Intertechnology Inc   6.22 %
Thermo Fisher Scientific Inc   6.20 %
International Business Machines Corporation  6.19 %
Flex Ltd   6.18 %
Evertec Inc   6.11 %
American Software Inc   6.10 %
Knowles Corporation  6.04 %
Forian Inc   5.89 %
Caci International Inc  5.87 %
Ziprecruiter Inc   5.78 %
Esco Technologies inc   5.66 %
Simulations Plus Inc   5.65 %
Pegasystems Inc   5.62 %
Amkor Technology Inc   5.62 %
Fortive Corporation  5.59 %
Doubleverify Holdings Inc   5.58 %
Sanmina Corporation  5.49 %
Taskus Inc   5.43 %
Transcat Inc  5.35 %
Vertiv Holdings Co  5.34 %
Roper Technologies Inc   5.21 %
Vishay Precision Group Inc   5.21 %


Date modified: 2024-05-03T14:17:18+00:00


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