Corning Inc
NYSE:GLW
ROA
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 Across Competitors
| Country | Company | Market Cap | ROA | ||
|---|---|---|---|---|---|
| US |
|
Corning Inc
NYSE:GLW
|
40.2B USD |
2%
|
|
| US |
I
|
II-VI Inc
LSE:0LHO
|
522.4B USD |
0%
|
|
| US |
|
Amphenol Corp
NYSE:APH
|
112.1B USD |
13%
|
|
| TH |
|
Delta Electronics Thailand PCL
SET:DELTA
|
1.2T THB |
17%
|
|
| TW |
|
Delta Electronics Inc
TWSE:2308
|
1T TWD |
8%
|
|
| CN |
|
Luxshare Precision Industry Co Ltd
SZSE:002475
|
226.2B CNY |
7%
|
|
| JP |
|
Murata Manufacturing Co Ltd
TSE:6981
|
3.9T JPY |
8%
|
|
| CN |
|
BOE Technology Group Co Ltd
SZSE:000725
|
146.4B CNY |
1%
|
|
| JP |
|
TDK Corp
TSE:6762
|
2.8T JPY |
5%
|
|
| JP |
|
Kyocera Corp
TSE:6971
|
2.4T JPY |
1%
|
|
| CN |
L
|
Lens Technology Co Ltd
SZSE:300433
|
105B CNY |
5%
|
Corning Inc
Glance View
In the intricate world of materials science, Corning Inc. stands as a venerable titan, weaving innovation through the very fabric of modern life. Originating in the mid-19th century, Corning's journey began with glass—a medium they would come to know intimately. Through continuous investment in research and development, the company expanded beyond its initial forays into glassware, diving into realms such as ceramics and optical fiber. Corning's prowess in glass technology led to revolutionary products like the famous Gorilla Glass, now a linchpin in the smartphone industry. The company consistently reinvents itself with an innovative spirit, melding complex materials science with technological advancements across various sectors. Corning thrives by cultivating deep relationships across diverse industries, functioning as a critical materials supplier to giants in consumer electronics, telecommunications, and life sciences. The company's business model hinges on a unique ability to harness scientific research to solve complex problems, resulting in patented technologies that meet the nuanced demands of its clientele. Earnings are fueled by a robust portfolio that spans display technologies crucial to LCD screens, fiber optics for high-speed data transmission, and laboratory products for pharmaceutical research. By embedding itself in growth markets with leading-edge solutions, Corning not only generates revenue but also secures a vital role in shaping tomorrow's technology landscape.
See Also
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.
Based on Corning Inc's most recent financial statements, the company has ROA of 1.7%.
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