Corning (GLW) Short-term Investments (2009 - 2023)
Corning's (GLW) quarterly Short-term Investments came in at $501.0 million in Q4 2023, up 10.35% on a YoY basis from $454.0 million in Q4 2022, and up 136.32% quarter-over-quarter from $212.0 million in Q3 2023.
Analysis
Corning (GLW) Short-term Investments (2009 - 2023) Analysis & Trends
Corning (GLW) has reported Short-term Investments for 15 consecutive years, with $501.0 million the latest figure, recorded in Q4 2023.
- For the quarter ending Q4 2023, Short-term Investments rose 10.35% year-over-year to $501.0 million; the trailing twelve-month figure through Dec 2023 stood at $501.0 million (up 10.35% YoY), and the FY2023 full-year result was $501.0 million, up 10.35% from the prior year.
- Short-term Investments improved to $501.0 million in Q4 2023 per GLW's latest filing, from $212.0 million in the prior quarter.
- Across five years, Short-term Investments topped out at $501.0 million in Q4 2023 and bottomed at $43.0 million in Q1 2019.
- Historically, Short-term Investments has averaged $218.0 million across 5 years, with a median of $190.5 million in 2021.
- The sharpest annual moves came in 2019 and 2020: Short-term Investments sank 40.28% in 2019, then surged 302.33% in 2020.
- Over 5 years, Short-term Investments stood at $157.0 million in 2019, then decreased by 5.73% to $148.0 million in 2020, then surged by 127.03% to $336.0 million in 2021, then soared by 35.12% to $454.0 million in 2022, then increased by 10.35% to $501.0 million in 2023.
- According to Business Quant data, Short-term Investments over the past three periods registered $501.0 million, $212.0 million, and $295.0 million for Q4 2023, Q3 2023, and Q2 2023 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Corning | 132.90 Bn | 130.97 Bn | 1.63 Bn |
| 2 | Ati | 28.67 Bn | 28.01 Bn | 309.80 Mn |
| 3 | Qnity Electronics | 25.20 Bn | 24.52 Bn | 666.00 Mn |
| 4 | International Flavors & Fragrances | 22.04 Bn | 21.50 Bn | 853.00 Mn |
| 5 | DuPont de Nemours | 17.77 Bn | 16.15 Bn | 639.00 Mn |
| 6 | Avery Dennison | 13.29 Bn | 13.06 Bn | 729.40 Mn |
| 7 | Solstice Advanced Materials | 10.12 Bn | 9.38 Bn | 370.00 Mn |
| 8 | Element Solutions | 8.77 Bn | 8.60 Bn | 334.00 Mn |
| 9 | Eastman Chemical | 8.14 Bn | 7.53 Bn | 560.00 Mn |
| 10 | Hexcel | 6.95 Bn | 6.89 Bn | 138.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 501.00 Mn |
| Sep 30, 2023 | 212.00 Mn |
| Jun 30, 2023 | 295.00 Mn |
| Mar 31, 2023 | 266.00 Mn |
| Dec 31, 2022 | 454.00 Mn |
| Sep 30, 2022 | 234.00 Mn |
| Jun 30, 2022 | 306.00 Mn |
| Mar 31, 2022 | 199.00 Mn |
| Dec 31, 2021 | 336.00 Mn |
| Sep 30, 2021 | 162.00 Mn |
| Jun 30, 2021 | 183.00 Mn |
| Mar 31, 2021 | 198.00 Mn |
| Dec 31, 2020 | 148.00 Mn |
| Sep 30, 2020 | 132.00 Mn |
| Jun 30, 2020 | 123.00 Mn |
| Mar 31, 2020 | 173.00 Mn |
| Dec 31, 2019 | 157.00 Mn |
| Sep 30, 2019 | 141.00 Mn |
| Jun 30, 2019 | 96.00 Mn |
| Mar 31, 2019 | 43.00 Mn |