Corning Asset Turnover vs Current Assets Analysis

GLW Stock

USD 31.27 0.36 1.16%

Trend analysis of Corning Incorporated balance sheet accounts such as Other Current Liabilities of 1.1 B or Total Current Liabilities of 4.5 B provides information on Corning Incorporated's total assets, liabilities, and equity, which is the actual value of Corning Incorporated to its prevalent stockholders. By breaking down trends over time using Corning Incorporated balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Total Assets Non Current Assets Total

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Corning Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Corning Stock please use our How to Invest in Corning Incorporated guide.

About Corning Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Corning Incorporated at a specified time, usually calculated after every quarter, six months, or one year. Corning Incorporated Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Corning Incorporated and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Corning currently owns. An asset can also be divided into two categories, current and non-current.

Corning Incorporated Balance Sheet Chart

Corning Incorporated Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Corning Incorporated uses and utilizes its capital. It also shows what exactly a company owns and owes.

At this time, Corning Incorporated's Non Current Liabilities Total is fairly stable compared to the past year. Inventory is likely to climb to about 2.8 B in 2024, whereas Other Current Liabilities is likely to drop slightly above 1.1 B in 2024.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities

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Total Assets

Total assets refers to the total amount of Corning Incorporated assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Corning Incorporated books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Corning Incorporated balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Corning Incorporated are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Corning Incorporated's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Corning Incorporated current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Corning Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Corning Stock please use our How to Invest in Corning Incorporated guide.At this time, Corning Incorporated's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 38.37 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.2 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	5.1B	4.5B	3.9B	2.7B
Total Revenue	14.1B	14.2B	12.6B	6.9B

Gross Profit Total Revenue

Corning Incorporated fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Good Will	Common Stock Total Equity	Property Plant And Equipment Gross
Total Assets		0.38	0.34	0.45	0.73	0.71	0.01	0.67	0.56	0.99	0.3	0.51	0.8	0.4	0.47	0.41	0.73	0.08	0.47	0.91	0.03	0.55	0.68	0.16	-0.68	0.24
Short Long Term Debt Total	0.38		0.75	0.93	-0.24	0.87	0.9	0.83	-0.38	0.49	0.47	-0.43	0.66	-0.34	0.98	0.98	0.31	-0.73	0.98	0.07	0.4	0.53	0.7	0.79	0.23	0.86
Other Current Liab	0.34	0.75		0.82	-0.33	0.64	0.79	0.55	-0.54	0.48	0.41	-0.56	0.63	-0.49	0.79	0.8	0.17	-0.65	0.81	-0.03	0.01	0.28	0.78	0.84	0.0	0.6
Total Current Liabilities	0.45	0.93	0.82		-0.16	0.9	0.82	0.85	-0.31	0.55	0.48	-0.36	0.68	-0.29	0.93	0.97	0.38	-0.66	0.96	0.16	0.43	0.41	0.81	0.78	0.18	0.86
Total Stockholder Equity	0.73	-0.24	-0.33	-0.16		0.19	-0.61	0.18	0.94	0.61	-0.1	0.95	0.24	0.87	-0.17	-0.21	0.49	0.68	-0.17	0.92	-0.1	0.26	0.07	-0.54	-0.63	-0.2
Property Plant And Equipment Net	0.71	0.87	0.64	0.9	0.19		0.62	0.96	0.05	0.77	0.51	-0.01	0.83	0.0	0.91	0.89	0.58	-0.49	0.92	0.49	0.35	0.54	0.82	0.59	-0.05	0.75
Net Debt	0.01	0.9	0.79	0.82	-0.61	0.62		0.56	-0.74	0.16	0.38	-0.76	0.43	-0.62	0.86	0.88	0.01	-0.84	0.86	-0.33	0.31	0.34	0.56	0.86	0.42	0.78
Retained Earnings	0.67	0.83	0.55	0.85	0.18	0.96	0.56		0.1	0.72	0.54	0.0	0.82	-0.04	0.87	0.85	0.64	-0.55	0.87	0.48	0.4	0.56	0.79	0.59	-0.06	0.69
Cash	0.56	-0.38	-0.54	-0.31	0.94	0.05	-0.74	0.1		0.42	-0.08	0.98	0.11	0.82	-0.32	-0.36	0.46	0.67	-0.32	0.84	-0.04	0.1	-0.1	-0.62	-0.55	-0.34
Non Current Assets Total	0.99	0.49	0.48	0.55	0.61	0.77	0.16	0.72	0.42		0.36	0.36	0.85	0.28	0.57	0.52	0.71	-0.05	0.57	0.83	0.04	0.58	0.76	0.3	-0.64	0.32
Non Currrent Assets Other	0.3	0.47	0.41	0.48	-0.1	0.51	0.38	0.54	-0.08	0.36		-0.19	0.59	-0.32	0.54	0.47	0.66	-0.55	0.53	0.15	0.15	0.09	0.42	0.57	0.0	0.19
Cash And Short Term Investments	0.51	-0.43	-0.56	-0.36	0.95	-0.01	-0.76	0.0	0.98	0.36	-0.19		0.02	0.89	-0.37	-0.41	0.35	0.77	-0.37	0.8	-0.1	0.08	-0.17	-0.71	-0.5	-0.34
Net Receivables	0.8	0.66	0.63	0.68	0.24	0.83	0.43	0.82	0.11	0.85	0.59	0.02		-0.16	0.77	0.68	0.73	-0.48	0.76	0.57	0.03	0.6	0.85	0.63	-0.41	0.35
Common Stock Shares Outstanding	0.4	-0.34	-0.49	-0.29	0.87	0.0	-0.62	-0.04	0.82	0.28	-0.32	0.89	-0.16		-0.33	-0.32	0.15	0.84	-0.32	0.65	-0.06	0.09	-0.25	-0.77	-0.27	-0.16
Non Current Liabilities Total	0.47	0.98	0.79	0.93	-0.17	0.91	0.86	0.87	-0.32	0.57	0.54	-0.37	0.77	-0.33		0.97	0.39	-0.72	1.0	0.16	0.29	0.57	0.76	0.81	0.14	0.78
Inventory	0.41	0.98	0.8	0.97	-0.21	0.89	0.88	0.85	-0.36	0.52	0.47	-0.41	0.68	-0.32	0.97		0.34	-0.71	0.98	0.11	0.38	0.5	0.77	0.8	0.21	0.88
Other Current Assets	0.73	0.31	0.17	0.38	0.49	0.58	0.01	0.64	0.46	0.71	0.66	0.35	0.73	0.15	0.39	0.34		-0.13	0.39	0.7	0.11	0.42	0.56	0.25	-0.44	0.11
Other Stockholder Equity	0.08	-0.73	-0.65	-0.66	0.68	-0.49	-0.84	-0.55	0.67	-0.05	-0.55	0.77	-0.48	0.84	-0.72	-0.71	-0.13		-0.72	0.38	-0.28	-0.17	-0.55	-0.9	-0.33	-0.51
Total Liab	0.47	0.98	0.81	0.96	-0.17	0.92	0.86	0.87	-0.32	0.57	0.53	-0.37	0.76	-0.32	1.0	0.98	0.39	-0.72		0.16	0.33	0.53	0.78	0.81	0.15	0.81
Total Current Assets	0.91	0.07	-0.03	0.16	0.92	0.49	-0.33	0.48	0.84	0.83	0.15	0.8	0.57	0.65	0.16	0.11	0.7	0.38	0.16		-0.01	0.4	0.4	-0.19	-0.68	0.03
Short Term Debt	0.03	0.4	0.01	0.43	-0.1	0.35	0.31	0.4	-0.04	0.04	0.15	-0.1	0.03	-0.06	0.29	0.38	0.11	-0.28	0.33	-0.01		-0.06	0.13	0.26	0.25	0.57
Intangible Assets	0.55	0.53	0.28	0.41	0.26	0.54	0.34	0.56	0.1	0.58	0.09	0.08	0.6	0.09	0.57	0.5	0.42	-0.17	0.53	0.4	-0.06		0.4	0.31	-0.14	0.29
Accounts Payable	0.68	0.7	0.78	0.81	0.07	0.82	0.56	0.79	-0.1	0.76	0.42	-0.17	0.85	-0.25	0.76	0.77	0.56	-0.55	0.78	0.4	0.13	0.4		0.67	-0.32	0.56
Good Will	0.16	0.79	0.84	0.78	-0.54	0.59	0.86	0.59	-0.62	0.3	0.57	-0.71	0.63	-0.77	0.81	0.8	0.25	-0.9	0.81	-0.19	0.26	0.31	0.67		0.12	0.59
Common Stock Total Equity	-0.68	0.23	0.0	0.18	-0.63	-0.05	0.42	-0.06	-0.55	-0.64	0.0	-0.5	-0.41	-0.27	0.14	0.21	-0.44	-0.33	0.15	-0.68	0.25	-0.14	-0.32	0.12		0.34
Property Plant And Equipment Gross	0.24	0.86	0.6	0.86	-0.2	0.75	0.78	0.69	-0.34	0.32	0.19	-0.34	0.35	-0.16	0.78	0.88	0.11	-0.51	0.81	0.03	0.57	0.29	0.56	0.59	0.34

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Corning Incorporated Account Relationship Matchups

Corning Incorporated fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	28.9B	30.8B	30.1B	29.5B	28.5B	17.1B
Short Long Term Debt Total	7.7B	8.0B	7.0B	7.8B	8.5B	8.9B
Other Current Liab	1.8B	2.1B	2.8B	2.8B	2.1B	1.1B
Total Current Liabilities	3.5B	3.8B	4.8B	5.2B	4.3B	4.5B
Total Stockholder Equity	12.9B	13.3B	12.3B	12.0B	11.6B	9.6B
Property Plant And Equipment Net	15.3B	15.8B	15.8B	16.2B	15.5B	16.3B
Net Debt	5.3B	5.3B	4.9B	6.1B	6.7B	7.0B
Retained Earnings	16.4B	16.1B	16.4B	16.8B	16.4B	17.2B
Cash	2.4B	2.7B	2.1B	1.7B	1.8B	1.9B
Non Current Assets Total	21.4B	22.8B	22.5B	22.0B	21.3B	12.0B
Non Currrent Assets Other	1.5B	1.7B	1.7B	977M	923M	1.0B
Cash And Short Term Investments	2.4B	2.7B	2.1B	1.7B	1.8B	2.3B
Net Receivables	1.8B	2.1B	2.0B	1.7B	1.6B	1.1B
Common Stock Shares Outstanding	899M	772M	844M	857M	859M	1.2B
Liabilities And Stockholders Equity	28.9B	30.8B	30.1B	29.5B	28.5B	17.1B
Non Current Liabilities Total	12.4B	13.6B	12.8B	12.0B	12.3B	12.9B
Inventory	2.3B	2.4B	2.5B	2.9B	2.7B	2.8B
Other Current Assets	873M	761M	1.0B	703M	694M	493.1M
Other Stockholder Equity	(5.5B)	(5.3B)	(3.8B)	(3.9B)	(3.7B)	(3.5B)
Total Liab	15.9B	17.3B	17.6B	17.2B	16.6B	17.5B
Total Current Assets	7.5B	8.0B	7.7B	7.5B	7.2B	5.1B
Short Term Debt	11M	158M	55M	335M	432M	453.6M
Intangible Assets	1.2B	1.3B	1.1B	1.0B	905M	1.0B
Accounts Payable	1.6B	1.2B	1.6B	1.8B	1.5B	806.0M
Good Will	1.9B	2.5B	2.4B	2.4B	2.4B	1.7B
Common Stock Total Equity	859M	863M	907M	910M	819M	1.2B
Property Plant And Equipment Gross	15.8B	16.4B	15.8B	30.4B	30.1B	31.6B
Accumulated Other Comprehensive Income	(1.2B)	(740M)	(1.2B)	(1.8B)	(2.0B)	(1.9B)
Common Stock	859M	863M	907M	910M	916M	982.3M
Other Liab	4.2B	5.7B	5.8B	4.6B	5.3B	2.9B
Other Assets	2.1B	3.3B	3.1B	3.3B	3.7B	2.3B
Long Term Debt	7.7B	7.8B	7.0B	6.7B	7.2B	4.4B
Treasury Stock	(19.8B)	(19.9B)	(20.3B)	(20.5B)	(18.5B)	(17.6B)
Property Plant Equipment	15.3B	15.7B	15.8B	15.4B	17.7B	10.6B
Current Deferred Revenue	104M	363M	371M	276M	329M	433.7M
Net Tangible Assets	10.6B	11.0B	8.8B	8.6B	7.7B	11.7B
Noncontrolling Interest In Consolidated Entity	90M	191M	212M	267M	307.1M	322.4M
Retained Earnings Total Equity	16.4B	16.1B	16.4B	16.8B	19.3B	14.4B

Corning Incorporated Investors Sentiment

The influence of Corning Incorporated's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Corning. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Corning Incorporated's public news can be used to forecast risks associated with an investment in Corning. The trend in average sentiment can be used to explain how an investor holding Corning can time the market purely based on public headlines and social activities around Corning Incorporated. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Corning Incorporated's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Corning Incorporated's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Corning Incorporated's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Corning Incorporated.

Corning Incorporated Implied Volatility

55.36

Corning Incorporated's implied volatility exposes the market's sentiment of Corning Incorporated stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Corning Incorporated's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Corning Incorporated stock will not fluctuate a lot when Corning Incorporated's options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Corning Incorporated in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Corning Incorporated's short interest history, or implied volatility extrapolated from Corning Incorporated options trading.

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When determining whether Corning Incorporated is a strong investment it is important to analyze Corning Incorporated's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Corning Incorporated's future performance. For an informed investment choice regarding Corning Stock, refer to the following important reports:

How To Invest In Corning

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Is Corning Stock a good investment?

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What is Corning Incorporated's Net Worth?

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When running Corning Incorporated's price analysis, check to measure Corning Incorporated's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Corning Incorporated is operating at the current time. Most of Corning Incorporated's value examination focuses on studying past and present price action to predict the probability of Corning Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corning Incorporated's price. Additionally, you may evaluate how the addition of Corning Incorporated to your portfolios can decrease your overall portfolio volatility.

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Is Corning Incorporated's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Corning Incorporated. If investors know Corning will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Corning Incorporated listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.21)

Dividend Share

1.12

Earnings Share

0.68

Revenue Per Share

14.844

Quarterly Revenue Growth

(0.12)

The market value of Corning Incorporated is measured differently than its book value, which is the value of Corning that is recorded on the company's balance sheet. Investors also form their own opinion of Corning Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Corning Incorporated's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Corning Incorporated's market value can be influenced by many factors that don't directly affect Corning Incorporated's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Corning Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Corning Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corning Incorporated's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Corning Asset Turnover vs Current Assets Analysis

About Corning Balance Sheet Analysis

Corning Incorporated Balance Sheet Chart

Total Assets

Total Current Liabilities

Corning Incorporated fundamental ratios Correlations

Corning Incorporated Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Corning Incorporated fundamental ratios Accounts

Corning Incorporated Investors Sentiment

Corning Incorporated Implied Volatility

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Non Current Liabilities Total
Non Current Assets Total	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.98	Short Long Term Debt Total
Inventory	+ 0.98	Short Long Term Debt Total
Total Liab	+ 0.98	Short Long Term Debt Total
Cash And Short Term Investments	+ 0.98	Cash

Good Will	- 0.9	Other Stockholder Equity
Other Stockholder Equity	- 0.84	Net Debt
Good Will	- 0.77	Common Stock Shares Outstanding
Cash And Short Term Investments	- 0.76	Net Debt
Cash	- 0.74	Net Debt
Other Stockholder Equity	- 0.73	Short Long Term Debt Total