GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Corning Inc (NYSE:GLW) » Definitions » Scaled Net Operating Assets

Corning (Corning) Scaled Net Operating Assets : 0.66 (As of Dec. 2023)


View and export this data going back to 1945. Start your Free Trial

What is Corning Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Corning's operating assets for the quarter that ended in Dec. 2023 was $26,721 Mil. Corning's operating liabilities for the quarter that ended in Dec. 2023 was $8,148 Mil. Corning's Total Assets for the quarter that ended in Sep. 2023 was $28,278 Mil. Therefore, Corning's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.66.


Corning Scaled Net Operating Assets Historical Data

The historical data trend for Corning's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Corning Scaled Net Operating Assets Chart

Corning Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.67 0.59 0.61 0.63

Corning Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.64 0.64 0.65 0.65 0.66

Competitive Comparison of Corning's Scaled Net Operating Assets

For the Electronic Components subindustry, Corning's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Corning's Scaled Net Operating Assets Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Corning's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Corning's Scaled Net Operating Assets falls into.



Corning Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Corning's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(26721-8148)/29499
=0.63

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=28500 - 1779
=26721

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=16632 - 8052 - 432
=8148

Corning's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2023 )
=(Operating Assets (Q: Dec. 2023 )-Operating Liabilities (Q: Dec. 2023 ))/Total Assets (Q: Sep. 2023 )
=(26721-8148)/28278
=0.66

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=28500 - 1779
=26721

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=16632 - 8052 - 432
=8148

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Corning Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of Corning's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


Corning (Corning) Business Description

Industry
Address
One Riverfront Plaza, Corning, NY, USA, 14831
Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.
Executives
Lawrence D Mcrae officer: Senior Vice President ONE RIVERFRONT PLAZA, CORNING NY 14831
Lewis A Steverson officer: Senior Vice President ONE RIVERFRONT PLAZA, CORNING NY 14831
Wendell P Weeks officer: President and COO ONE RIVERFRONT PLZ, CORNING NY 14831
Jordana Daryl Kammerud officer: Senior Vice President & CHRO ONE RIVERFRONT PLAZA, CORNING NY 14831
Thomas D French director ONE RIVERFRONT PLAZA, CORNING NY 14831
Michael Alan Bell officer: Senior VP &.GM, Optical Comm. ONE RIVERFRONT PLAZA, CORNING NY 14831
Bayne John P Jr officer: SVP & GM Mobile Consumer Elec. ONE RIVERFRONT PLAZA, CORNING NY 14831
Jeffrey W Evenson officer: Senior Vice President ONE RIVERFRONT PLAZA, CORNING NY 14831
Anne Mullins officer: Senior Vice President & CDIO ONE RIVERFRONT PLAZA, CORNING NY 14831
John Z Zhang officer: Senior VP & GM, Display ONE RIVERFRONT PLAZA, CORNING NY 14831
Cheryl C Capps officer: SVP & Chief Supply Chain Off. 5830 GRANITE PARKWAY, SUITE 1150, PLANO TX 75024
Li Fang officer: Pres.&GM Corning Greater China ONE RIVERFRONT PLAZA, CORNING NY 14831
Soumya Seetharam officer: Senior Vice President & CDIO ONE RIVERFRONT PLAZA, CORNING NY 14831
Jaymin Amin officer: SVP and Chief Tech. Officer ONE RIVERFRONT PLAZA, CORNING NY 14831
Robert P. France officer: Senior VP, Human Resources ONE RIVERFRONT PLAZA, CORNING NY 14831