Corning Retained Earnings vs Good Will 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 Retained Earnings and its Good Will 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.

Retained Earnings vs Good Will

Retained Earnings vs Good Will Correlation Analysis

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

The correlation between Corning Incorporated's Retained Earnings and Good Will is 0.59. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Good Will 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 Retained Earnings and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Corning Incorporated are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Retained Earnings i.e., Corning Incorporated's Retained Earnings and Good Will go up and down completely randomly.

Correlation Coefficient

0.59

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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.

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

Click cells to compare fundamentals

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

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

RSI	Rush Street Interactive
OKTA	Okta Inc
BAC	Bank of America

Additional Tools for Corning Stock Analysis

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Corning Retained Earnings vs Good Will Analysis

Retained Earnings vs Good Will

Retained Earnings vs Good Will Correlation Analysis

Correlation Coefficient

Retained Earnings

Good Will

Corning Incorporated fundamental ratios Correlations

Corning Incorporated Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Corning Incorporated fundamental ratios Accounts

Also Currently Popular

Additional Tools for Corning Stock Analysis

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