Sonoco Products Company (SON)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,963,950 | 5,179,800 | 5,208,830 | 5,290,270 | 5,345,640 | 5,411,570 | 5,588,480 | 5,760,160 | 5,804,220 | 5,617,700 | 5,252,090 | 4,852,540 | 4,528,520 | 4,454,550 | 4,352,390 | 4,229,792 | 4,191,102 | 4,151,472 | 4,184,622 | 4,271,500 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $4,963,950K ÷ $—K
= —
The data provided for Sonoco Products Company's payables turnover from March 31, 2020, to December 31, 2024, indicates that the specific ratios for these periods are not available ("—").
The payables turnover ratio measures how efficiently a company manages its payments to suppliers and is calculated by dividing the total purchases by the average accounts payable. A higher payables turnover ratio generally indicates that the company is paying its suppliers more quickly, while a lower ratio may suggest that the company is taking longer to pay its suppliers.
Without the specific payables turnover figures, it is challenging to assess Sonoco Products Company's ability to manage its payables effectively during the specified periods. Analysts typically use this ratio in conjunction with other financial metrics to gain a more comprehensive understanding of a company's financial performance and liquidity management.
Peer comparison
Dec 31, 2024