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Corning Inc  (GLW)
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    Sector  Technology    Industry Communications Equipment
 

Corning Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Due to inventory build up in the first quarter 2024, Corning Inc's inventory turnover ratio sequentially decreased to 3.14 in the first quarter 2024, unsurprisingly, as the Corning Inc markets continue to deteriorate, and GLW's faces growing challenges to bring down its inventories. Average processing period, for Corning Inc's inventories remained unchanged at 116 days, in the Mar 31 2024 quarter.

Within Technology sector 118 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 196 in the forth quarter 2023, to 338.

GLW Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Corning Inc Market Share?

What is Inventory Turnover Ratio?


GLW Inventory Turnover Ratio (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 Inventory Growth -5.24 % -8.2 % -10.03 % -2.75 % 9.36 %
Y / Y Cost of Sales Growth -8.87 % -16.38 % -10.59 % -5.87 % -9.26 %
Inventory Turnover Ratio (TTM) 3.14 3.16 3.24 3.25 3.28
GLW's Total Ranking # 338 # 196 # 196 # 879 # 879
Average inventory processing period 116 115 113 112 111
Seq. Inventory Growth 1.76 % 0.41 % -3.7 % -3.7 % -1.41 %
Seq. Cost of Sales Growth -4.85 % -3.96 % -2.74 % 2.53 % -12.69 %



Inventory Turnover Ratio Company Ranking
Within: No.
Communications Equipment Industry # 7
Technology Sector # 119
Overall Market # 338

Inventory Turnover Ratio Statistics
High Average Low
8.4 4.21 3.14
(June 30. 2015)   (Mar 31 2024)




Financial Statements
Corning Inc's Inventories $ 2,713 Millions Visit GLW's Balance sheet
Corning Inc's Cost of Revenues TTM $ 8,464 Millions Visit GLW's Income Statement
What are GLW's Sales? Visit GLW's Sales by Segment

Other Inventory Turnover Ratios
Corning Inc's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Communications Equipment Industry Inventory Turnover Trends and Statistics
Technology Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
GLW's Inventory Turnover Ratio versus Communications Equipment Industry, Technology Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for GLW's Competitors
Inventory Turnover Ratio for GLW's Suppliers
Inventory Turnover Ratio for GLW's Customers

You may also want to know
GLW's Sales Growth Rates GLW's Pe Price to earnings ratio GLW's Receivables Turnover Ratio GLW's Stock Quote
GLW's Net Income Growth Rates GLW's Ps Price to Sales ratio GLW's Sales per Employee GLW's Asset Turnover Ratio
GLW's Net Margin GLW's Pb Price to Book ratio GLW's Financial Strength Ratios GLW's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Mar 31 2024, within Technology Sector Inventory Turnover Ratio Cost of revenues at quarter ending Mar 31 2024 Inventories at quarter ending Mar 31 2024
Applied Dna Sciences inc   8.51 $ 2.809  Millions$ 0  Millions
Omniq Corp   8.36 $ 57.000  Millions$ 7  Millions
Matterport Inc   8.11 $ 85.418  Millions$ 11  Millions
Netlist Inc  8.03 $ 93.000  Millions$ 12  Millions
Broadcom Inc   7.94 $ 14,897.000  Millions$ 1,876  Millions
Ault Alliance Inc   7.93 $ 117.854  Millions$ 15  Millions
Pixelworks Inc  7.74 $ 36.309  Millions$ 5  Millions
Arlo Technologies Inc   7.35 $ 323.213  Millions$ 44  Millions
Premier Inc   6.05 $ 450.065  Millions$ 74  Millions
Cisco Systems Inc   5.88 $ 19,569.000  Millions$ 3,328  Millions
Rekor Systems Inc   5.84 $ 18.916  Millions$ 3  Millions
Hp inc   5.79 $ 41,281.000  Millions$ 7,125  Millions
Inseego Corp   5.72 $ 137.393  Millions$ 24  Millions
Motorola Solutions inc   5.57 $ 5,080.000  Millions$ 912  Millions
Omnicell inc  5.54 $ 637.400  Millions$ 115  Millions
Jabil Inc  5.50 $ 29,219.000  Millions$ 5,309  Millions
Evolv Technologies Holdings Inc   5.50 $ 44.925  Millions$ 8  Millions
Itron Inc   5.45 $ 1,518.750  Millions$ 279  Millions
Magnachip Semiconductor Corporation  5.45 $ 173.599  Millions$ 32  Millions
Beam Global  5.38 $ 66.216  Millions$ 12  Millions
Fabrinet  5.34 $ 2,439.613  Millions$ 457  Millions
Crawford United Corp  5.31 $ 106.968  Millions$ 20  Millions
Ribbon Communications Inc   5.29 $ 400.243  Millions$ 76  Millions
Nortech Systems Incorporated  5.26 $ 114.596  Millions$ 22  Millions
Shoals Technologies Group Inc   5.25 $ 317.171  Millions$ 60  Millions
Enphase Energy Inc   5.14 $ 979.355  Millions$ 190  Millions
Logitech International s a   5.10 $ 2,520.446  Millions$ 494  Millions
Sanmina Corporation  5.08 $ 7,293.664  Millions$ 1,435  Millions
Gopro Inc   5.02 $ 662.099  Millions$ 132  Millions
Onespan Inc   5.02 $ 76.000  Millions$ 15  Millions

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



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