Sonoco Products Company (SON)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,305,360 | 6,781,290 | 7,250,550 | 5,590,440 | 5,237,440 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,305,360K ÷ $—K
= —
Based on the provided data, Sonoco Products Company's receivables turnover ratio is not available for the years 2020 to 2024. The absence of this information makes it difficult to assess how efficiently the company is collecting its accounts receivable during these years. A higher receivables turnover ratio typically indicates that the company is able to quickly convert its credit sales into cash, reflecting effective management of credit and collection processes. Conversely, a lower ratio may signify delays in collecting payments from customers, potentially leading to cash flow challenges. Without the receivables turnover figures for the specified years, it is challenging to evaluate Sonoco's performance in this area or track any trends over time.
Peer comparison
Dec 31, 2024