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Corning Inc
NYSE:GLW

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Corning Inc
NYSE:GLW
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Price: 33.03 USD 0.03% Market Closed
Updated: Mar 28, 2024

ROIC
Return on Invested Capital

2.8%
Current
5%
Average
4.6%
Industry
Positive for the last year
2.8%
Positive average
5%
Worse than average
Worse than industry value

ROIC, or Return on Invested Capital, tells you how good a company is at turning its invested money into profits. In simple terms, ROIC shows how many dollars of profit the company makes for each dollar it has invested. A higher ROIC usually means the company is using its money wisely to grow and make more profits, which is a good sign for investors.

ROIC
2.8%
=
NOPAT
706.7m
/
Invested Capital
25.6B

ROIC Across Competitors

ROIC Comparison
Corning Inc Competitors

Country US
Market Cap 27.1B USD
ROIC
3%
Country US
Market Cap 69.1B USD
ROIC
16%
Country JP
Market Cap 5.4T JPY
ROIC
9%
Country CN
Market Cap 212.5B CNY
ROIC
12%
Country TW
Market Cap 889.7B TWD
ROIC
11%
Country TH
Market Cap 901.2B THB
ROIC
25%
Country KR
Market Cap 31.9T KRW
ROIC
5%
Country CN
Market Cap 149.6B CNY
ROIC
-4%
Country JP
Market Cap 2.8T JPY
ROIC
2%
Country JP
Market Cap 2.8T JPY
ROIC
4%
Country TW
Market Cap 324.3B TWD
ROIC
20%

ROIC Distribution

ROIC Distribution
Electrical Equipment Industry

Profitability Report

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

See Also

Discover More
What is Return on Invested Capital?

ROIC, or Return on Invested Capital, tells you how good a company is at turning its invested money into profits. In simple terms, ROIC shows how many dollars of profit the company makes for each dollar it has invested. A higher ROIC usually means the company is using its money wisely to grow and make more profits, which is a good sign for investors.

ROIC
2.8%
=
NOPAT
706.7m
/
Invested Capital
25.6B
What is the ROIC of Corning Inc?

Based on Corning Inc's most recent financial statements, the company has ROIC of 2.8%.