Corning Good Will vs Net Receivables Analysis

GLW Stock

USD 48.52 0.68 1.42%

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 Good Will and its Net Receivables 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 closely tied 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.

Good Will vs Net Receivables

Good Will vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Corning Incorporated Good Will account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.

The correlation between Corning Incorporated's Good Will and Net Receivables is 0.63. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Net Receivables 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 Good Will and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Corning Incorporated are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Good Will i.e., Corning Incorporated's Good Will and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.63

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Net Receivables

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 closely tied 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.Enterprise Value is likely to climb to about 27.8 B 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	0.19	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	0.48	0.08	0.47	0.91	0.07	0.55	0.68	0.16	-0.68	0.24
Short Long Term Debt Total	0.38		0.86	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	0.74	-0.73	0.98	0.07	0.47	0.53	0.7	0.79	0.23	0.86
Other Current Liab	0.19	0.86		0.89	-0.42	0.7	0.91	0.6	-0.6	0.32	0.36	-0.6	0.49	-0.44	0.86	0.9	0.53	-0.69	0.88	-0.15	0.26	0.28	0.66	0.8	0.32	0.8
Total Current Liabilities	0.45	0.93	0.89		-0.16	0.9	0.82	0.85	-0.31	0.55	0.48	-0.36	0.68	-0.29	0.93	0.97	0.78	-0.66	0.96	0.16	0.5	0.41	0.81	0.78	0.18	0.86
Total Stockholder Equity	0.73	-0.24	-0.42	-0.16		0.19	-0.61	0.18	0.94	0.61	-0.1	0.95	0.24	0.87	-0.17	-0.21	0.12	0.68	-0.17	0.92	-0.13	0.26	0.07	-0.54	-0.63	-0.2
Property Plant And Equipment Net	0.71	0.87	0.7	0.9	0.19		0.62	0.96	0.05	0.77	0.51	-0.01	0.83	0.0	0.91	0.89	0.79	-0.49	0.92	0.49	0.4	0.54	0.82	0.59	-0.05	0.75
Net Debt	0.01	0.9	0.91	0.82	-0.61	0.62		0.56	-0.74	0.16	0.38	-0.76	0.43	-0.62	0.86	0.88	0.52	-0.84	0.86	-0.33	0.37	0.34	0.56	0.86	0.42	0.78
Retained Earnings	0.67	0.83	0.6	0.85	0.18	0.96	0.56		0.1	0.72	0.54	0.0	0.82	-0.04	0.87	0.85	0.81	-0.55	0.87	0.48	0.45	0.56	0.79	0.59	-0.06	0.69
Cash	0.56	-0.38	-0.6	-0.31	0.94	0.05	-0.74	0.1		0.42	-0.08	0.98	0.11	0.82	-0.32	-0.36	0.04	0.67	-0.32	0.84	-0.07	0.1	-0.1	-0.62	-0.55	-0.34
Non Current Assets Total	0.99	0.49	0.32	0.55	0.61	0.77	0.16	0.72	0.42		0.36	0.36	0.85	0.28	0.57	0.52	0.5	-0.05	0.57	0.83	0.09	0.58	0.76	0.3	-0.64	0.32
Non Currrent Assets Other	0.3	0.47	0.36	0.48	-0.1	0.51	0.38	0.54	-0.08	0.36		-0.19	0.59	-0.32	0.54	0.47	0.5	-0.55	0.53	0.15	0.25	0.09	0.42	0.57	0.0	0.19
Cash And Short Term Investments	0.51	-0.43	-0.6	-0.36	0.95	-0.01	-0.76	0.0	0.98	0.36	-0.19		0.02	0.89	-0.37	-0.41	-0.03	0.77	-0.37	0.8	-0.15	0.08	-0.17	-0.71	-0.5	-0.34
Net Receivables	0.8	0.66	0.49	0.68	0.24	0.83	0.43	0.82	0.11	0.85	0.59	0.02		-0.16	0.77	0.68	0.53	-0.48	0.76	0.57	0.11	0.6	0.85	0.63	-0.41	0.35
Common Stock Shares Outstanding	0.4	-0.34	-0.44	-0.29	0.87	0.0	-0.62	-0.04	0.82	0.28	-0.32	0.89	-0.16		-0.33	-0.32	0.02	0.84	-0.32	0.65	-0.12	0.09	-0.25	-0.77	-0.27	-0.16
Non Current Liabilities Total	0.47	0.98	0.86	0.93	-0.17	0.91	0.86	0.87	-0.32	0.57	0.54	-0.37	0.77	-0.33		0.97	0.71	-0.72	1.0	0.16	0.38	0.57	0.76	0.81	0.14	0.78
Inventory	0.41	0.98	0.9	0.97	-0.21	0.89	0.88	0.85	-0.36	0.52	0.47	-0.41	0.68	-0.32	0.97		0.78	-0.71	0.98	0.11	0.44	0.5	0.77	0.8	0.21	0.88
Other Current Assets	0.48	0.74	0.53	0.78	0.12	0.79	0.52	0.81	0.04	0.5	0.5	-0.03	0.53	0.02	0.71	0.78		-0.38	0.73	0.37	0.56	0.41	0.58	0.48	0.13	0.78
Other Stockholder Equity	0.08	-0.73	-0.69	-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	-0.38		-0.72	0.38	-0.34	-0.17	-0.55	-0.9	-0.33	-0.51
Total Liab	0.47	0.98	0.88	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	0.73	-0.72		0.16	0.41	0.53	0.78	0.81	0.15	0.81
Total Current Assets	0.91	0.07	-0.15	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	0.37	0.38	0.16		-0.01	0.4	0.4	-0.19	-0.68	0.03
Short Term Debt	0.07	0.47	0.26	0.5	-0.13	0.4	0.37	0.45	-0.07	0.09	0.25	-0.15	0.11	-0.12	0.38	0.44	0.56	-0.34	0.41	-0.01		-0.02	0.18	0.36	0.25	0.58
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	0.41	-0.17	0.53	0.4	-0.02		0.4	0.31	-0.14	0.29
Accounts Payable	0.68	0.7	0.66	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	0.58	-0.55	0.78	0.4	0.18	0.4		0.67	-0.32	0.56
Good Will	0.16	0.79	0.8	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	0.48	-0.9	0.81	-0.19	0.36	0.31	0.67		0.12	0.59
Common Stock Total Equity	-0.68	0.23	0.32	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	0.13	-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	0.8	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	0.78	-0.51	0.81	0.03	0.58	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	2.0B	2.7B	2.8B	2.4B	2.5B
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	1.2B	1.2B	1.3B
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	252M	149M	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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Corning Good Will vs Net Receivables Analysis

Good Will vs Net Receivables

Good Will vs Net Receivables Correlation Analysis

Correlation Coefficient

Good Will

Net Receivables

Corning Incorporated fundamental ratios Correlations

Corning Incorporated Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Corning Incorporated fundamental ratios Accounts

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Additional Tools for Corning Stock Analysis

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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