What is Corning Inc's ROI in the second quarter of 2024?
Corning Inc achieved a return on average invested assets (ROI) of
2.1 % in its second quarter of 2024, which is below Corning Inc's average return on investment, which stands at 9.72%.
ROI decreased relative to the period ending Mar 31 2024, due to the decline in net income.
Within the
Technology sector 87 other companies had a higher return on investment. While Return on investment, overall ranking has progressed in the Jun 30 2024 quarter, so far to
637, from total ROI ranking in the first quarter of 2024 at
673.
Definition and Formula of Return on Investment
| Return On Investment |
(Jun 30 2024)
II. Quarter |
(Mar 31 2024)
I. Quarter |
(Dec 31 2023)
IV. Quarter |
(Sep 30 2023)
III. Quarter |
(Jun 30 2023)
II. Quarter |
| Y / Y Investment Change TTM |
-1.76 % |
-0.08 % |
-0.63 % |
-1.51 % |
-3.68 % |
| Y / Y Net Income Change TTM |
-29.93 % |
-31.53 % |
-19.5 % |
-17.16 % |
22.43 % |
| Investment (TTM) in Millions |
22,995 |
23,776 |
24,498 |
24,307 |
24,532 |
| Return On Investment (TTM) |
2.1 % |
2.81 % |
2.65 % |
2.75 % |
2.94 % |
| GLW's Overall
Ranking |
# 637 |
# 673 |
# 1541 |
# 1627 |
# 207 |
| Seq. Investment Change TTM |
-1.58 % |
-0.57 % |
-0.1 % |
0.49 % |
0.1 % |
| Seq. Net Income Change TTM |
-26.54 % |
5.25 % |
-3.43 % |
-6.15 % |
-28.21 % |
| Net Income (TTM) in Millions |
501 |
682 |
648 |
671 |
715 |
