Sonoco Products Company (SON)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,299,940 | 6,572,460 | 6,607,010 | 6,689,050 | 6,781,290 | 6,821,510 | 7,001,310 | 7,208,510 | 7,249,710 | 7,012,880 | 6,537,850 | 6,008,110 | 5,590,430 | 5,527,590 | 5,424,710 | 5,287,440 | 5,237,440 | 5,169,940 | 5,211,560 | 5,325,800 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 2,235,740 | 1,747,120 | 1,717,620 | 2,007,180 | 1,924,120 | 1,925,460 | 1,640,770 | 1,297,500 | 1,501,930 | 1,551,970 | 1,491,050 | 1,244,110 | 1,227,120 | 1,235,500 | 1,236,830 |
| Fixed asset turnover | — | — | — | — | — | 3.05 | 4.01 | 4.20 | 3.61 | 3.64 | 3.40 | 3.66 | 4.31 | 3.68 | 3.50 | 3.55 | 4.21 | 4.21 | 4.22 | 4.31 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,299,940K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures how efficiently a company is generating revenue from its fixed assets. A higher fixed asset turnover ratio indicates that the company is using its fixed assets more effectively to generate sales.
In the case of Sonoco Products Company, the fixed asset turnover ratio fluctuated over the period provided, ranging from a high of 4.31 on March 31, 2020, to a low of 3.05 on September 30, 2023. The company experienced some volatility in its fixed asset turnover ratio, which may suggest changes in the company's operational efficiency or utilization of its fixed assets.
It is worth noting that the fixed asset turnover ratio for December 31, 2023, and subsequent quarters is not available. This missing data could limit the ability to draw comprehensive conclusions about the company's fixed asset management in those periods.
Overall, analyzing the fixed asset turnover ratio for Sonoco Products Company provides insights into how effectively the company is utilizing its fixed assets to generate revenue and highlights potential shifts in operational efficiency over time.
Peer comparison
Dec 31, 2024