Corning Asset Turnover vs Total Assets Analysis
GLW Stock | USD 30.91 0.07 0.23% |
Corning Incorporated financial indicator trend analysis is way more than just evaluating Corning Incorporated prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Corning Incorporated is a good investment. Please check the relationship between Corning Incorporated Asset Turnover and its Total Assets accounts. 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.
Asset Turnover vs Total Assets
Asset Turnover vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Corning Incorporated Asset Turnover account and Total Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Corning Incorporated's Asset Turnover and Total Assets is -0.85. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Total Assets in the same time period over historical financial statements of Corning Incorporated, assuming nothing else is changed. The correlation between historical values of Corning Incorporated's Asset Turnover and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Corning Incorporated are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Asset Turnover i.e., Corning Incorporated's Asset Turnover and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.85 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.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.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 |
Corning Incorporated fundamental ratios Correlations
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Corning Incorporated Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
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Try AI Portfolio ArchitectCheck 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.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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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.