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Corning Inc
NYSE:GLW

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Corning Inc Logo
Corning Inc
NYSE:GLW
Watchlist
Price: 31.52 USD -0.03% Market Closed
Updated: Apr 25, 2024

ROA
Return on Assets

2%
Current
3%
Average
2.5%
Industry
Positive for the last year
2%
Positive average
3%
Worse than average
Worse than industry value

ROA, or Return on Assets, is an indicator of how well a company utilizes its assets in terms of profitability. This number tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. A higher ROA indicates more efficient use of assets to produce earnings, making it a valuable gauge for investors assessing a company's operational efficiency and profitability potential.

ROA
2%
=
Net Income
581m
/
Total Assets
28.7B

ROA Across Competitors

ROA Comparison
Corning Inc Competitors

Country US
Market Cap 25.8B USD
ROA
2%
Country US
Market Cap 69.7B USD
ROA
12%
Country JP
Market Cap 5.4T JPY
ROA
7%
Country CN
Market Cap 205.9B CNY
ROA
6%
Country TW
Market Cap 796.1B TWD
ROA
8%
Country TH
Market Cap 901.2B THB
ROA
19%
Country CN
Market Cap 161.6B CNY
ROA
1%
Country KR
Market Cap 27.9T KRW
ROA
6%
Country JP
Market Cap 2.8T JPY
ROA
3%
Country JP
Market Cap 2.7T JPY
ROA
2%
Country CN
Market Cap 72.4B CNY
ROA
10%

Profitability Report

View the profitability report to see the full profitability analysis for Corning Inc.

See Also

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What is Return on Assets?

ROA, or Return on Assets, is an indicator of how well a company utilizes its assets in terms of profitability. This number tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. A higher ROA indicates more efficient use of assets to produce earnings, making it a valuable gauge for investors assessing a company's operational efficiency and profitability potential.

ROA
2%
=
Net Income
581m
/
Total Assets
28.7B
What is the ROA of Corning Inc?

Based on Corning Inc's most recent financial statements, the company has ROA of 2%.