Corning (Corning) Days Payable

: 64.07 (As of Dec. 2023)

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Corning's average Accounts Payable for the three months ended in Dec. 2023 was $1,463 Mil. Corning's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,083 Mil. Hence, Corning's Days Payable for the three months ended in Dec. 2023 was 64.07.

The historical rank and industry rank for Corning's Days Payable or its related term are showing as below:

GLW' s Days Payable Range Over the Past 10 Years
Min: 56.37 Med: 65.06 Max: 77.37
Current: 66.7

During the past 13 years, Corning's highest Days Payable was 77.37. The lowest was 56.37. And the median was 65.06.

GLW's Days Payable is ranked worse than
51.41% of 2418 companies
in the Hardware industry
Industry Median: 67.985 vs GLW: 66.70

Corning's Days Payable declined from Dec. 2022 (66.16) to Dec. 2023 (64.07). It may suggest that Corning accelerated paying its suppliers.

Corning Days Payable Historical Data

The historical data trend for Corning's Days Payable 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

74.36

64.83

56.37

64.38

68.94

Corning Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																66.16	72.71	65.08	62.64	64.07

Competitive Comparison

For the Electronic Components subindustry, Corning's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable Distribution

For the Hardware industry and Technology sector, Corning's Days Payable distribution charts can be found below:

* The bar in red indicates where Corning's Days Payable falls into.

Corning Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Corning's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1804	+	1466)	/	2 )	/	8657	*	365
=	1635					/	8657	*	365
=	68.94

Corning's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1459	+	1466)	/	2 )	/	2083	*	365 / 4
=	1462.5					/	2083	*	365 / 4
=	64.07

Corning Days Payable Related Terms

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Corning (Corning) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Corning Inc (NYSE:GLW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

1GLW:Italy GLW:Germany GLW:Germany GLW:Germany G1LW34:Brazil GLW:Argentina

Address

One Riverfront Plaza, Corning, NY, USA, 14831

Website

https://www.corning.com

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