Return on Assets (ROA)
since 2005
Calculation
Corning Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss) attributable to Corning Incorporated1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 2.04% | = | 100 | × | 581) | ÷ | 28,500) |
| Dec 31, 2022 | 4.46% | = | 100 | × | 1,316) | ÷ | 29,499) |
| Dec 31, 2021 | 6.32% | = | 100 | × | 1,906) | ÷ | 30,154) |
| Dec 31, 2020 | 1.66% | = | 100 | × | 512) | ÷ | 30,775) |
| Dec 31, 2019 | 3.32% | = | 100 | × | 960) | ÷ | 28,898) |
| Dec 31, 2018 | 3.88% | = | 100 | × | 1,066) | ÷ | 27,505) |
| Dec 31, 2017 | -1.81% | = | 100 | × | (497) | ÷ | 27,494) |
| Dec 31, 2016 | 13.24% | = | 100 | × | 3,695) | ÷ | 27,899) |
| Dec 31, 2015 | 4.69% | = | 100 | × | 1,339) | ÷ | 28,547) |
| Dec 31, 2014 | 8.22% | = | 100 | × | 2,472) | ÷ | 30,063) |
| Dec 31, 2013 | 6.89% | = | 100 | × | 1,961) | ÷ | 28,478) |
| Dec 31, 2012 | 5.88% | = | 100 | × | 1,728) | ÷ | 29,375) |
| Dec 31, 2011 | 10.07% | = | 100 | × | 2,805) | ÷ | 27,848) |
| Dec 31, 2010 | 13.77% | = | 100 | × | 3,558) | ÷ | 25,833) |
| Dec 31, 2009 | 9.43% | = | 100 | × | 2,008) | ÷ | 21,295) |
| Dec 31, 2008 | 27.30% | = | 100 | × | 5,257) | ÷ | 19,256) |
| Dec 31, 2007 | 14.13% | = | 100 | × | 2,150) | ÷ | 15,215) |
| Dec 31, 2006 | 14.20% | = | 100 | × | 1,855) | ÷ | 13,065) |
| Dec 31, 2005 | 5.22% | = | 100 | × | 585) | ÷ | 11,207) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
Comparison to Competitors
Corning Inc., ROA, long-term trends, comparison to competitors
| Corning Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 2.04% | 27.51% | 20.98% | 12.38% | 17.42% |
| Dec 31, 2022 | 4.46% | 28.29% | 19.96% | 12.57% | 8.90% |
| Dec 31, 2021 | 6.32% | 26.97% | 14.66% | 10.86% | 4.99% |
| Dec 31, 2020 | 1.66% | 17.73% | 13.39% | 11.82% | 4.39% |
| Dec 31, 2019 | 3.32% | 16.32% | 20.54% | 11.88% | 4.27% |
| Dec 31, 2018 | 3.88% | 16.28% | 10.65% | 0.10% | 2.61% |
| Dec 31, 2017 | -1.81% | 12.88% | 17.20% | 7.40% | 4.41% |
| Dec 31, 2016 | 13.24% | 14.20% | 10.65% | 8.83% | 6.18% |
| Dec 31, 2015 | 4.69% | 18.38% | 10.44% | 7.91% | 9.35% |
| Dec 31, 2014 | 8.22% | 17.04% | 10.71% | 7.47% | 6.80% |
| Dec 31, 2013 | 6.89% | 17.89% | — | 9.87% | 3.37% |
| Dec 31, 2012 | 5.88% | 23.70% | — | 8.76% | 5.07% |
| Dec 31, 2011 | 10.07% | 22.28% | — | 7.45% | 8.66% |
| Dec 31, 2010 | 13.77% | 18.64% | — | 9.57% | 7.26% |
| Dec 31, 2009 | 9.43% | 10.59% | — | 9.00% | 5.69% |
| Dec 31, 2008 | 27.30% | 12.22% | — | 13.71% | 9.61% |
| Dec 31, 2007 | 14.13% | 13.79% | — | 13.75% | 9.41% |
| Dec 31, 2006 | 14.20% | 11.56% | — | 12.88% | — |
| Dec 31, 2005 | 5.22% | 11.56% | — | 16.94% | — |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Technology Hardware & Equipment)
Corning Inc., ROA, long-term trends, comparison to sector (technology hardware & equipment)
| Corning Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Dec 31, 2023 | 2.04% | 24.00% |
| Dec 31, 2022 | 4.46% | 24.80% |
| Dec 31, 2021 | 6.32% | 23.27% |
| Dec 31, 2020 | 1.66% | 16.30% |
| Dec 31, 2019 | 3.32% | 15.34% |
| Dec 31, 2018 | 3.88% | 12.52% |
| Dec 31, 2017 | -1.81% | 11.48% |
| Dec 31, 2016 | 13.24% | 12.70% |
| Dec 31, 2015 | 4.69% | 15.41% |
| Dec 31, 2014 | 8.22% | 14.03% |
| Dec 31, 2013 | 6.89% | 15.23% |
| Dec 31, 2012 | 5.88% | 18.55% |
| Dec 31, 2011 | 10.07% | 15.91% |
| Dec 31, 2010 | 13.77% | 13.92% |
| Dec 31, 2009 | 9.43% | 9.70% |
| Dec 31, 2008 | 27.30% | 13.10% |
| Dec 31, 2007 | 14.13% | 13.75% |
| Dec 31, 2006 | 14.20% | 12.51% |
| Dec 31, 2005 | 5.22% | 15.57% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Corning Inc., ROA, long-term trends, comparison to industry (information technology)
| Corning Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2023 | 2.04% | 13.01% |
| Dec 31, 2022 | 4.46% | 14.99% |
| Dec 31, 2021 | 6.32% | 15.62% |
| Dec 31, 2020 | 1.66% | 12.12% |
| Dec 31, 2019 | 3.32% | 12.78% |
| Dec 31, 2018 | 3.88% | 10.88% |
| Dec 31, 2017 | -1.81% | 8.97% |
| Dec 31, 2016 | 13.24% | 9.68% |
| Dec 31, 2015 | 4.69% | 11.51% |
| Dec 31, 2014 | 8.22% | 12.34% |
| Dec 31, 2013 | 6.89% | 13.20% |
| Dec 31, 2012 | 5.88% | 13.95% |
| Dec 31, 2011 | 10.07% | 14.96% |
| Dec 31, 2010 | 13.77% | 14.47% |
| Dec 31, 2009 | 9.43% | 10.14% |
| Dec 31, 2008 | 27.30% | 12.04% |
| Dec 31, 2007 | 14.13% | 12.06% |
| Dec 31, 2006 | 14.20% | 12.24% |
| Dec 31, 2005 | 5.22% | 12.79% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).