Sonoco Products Company (SON)
Total 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 |
| Total assets | US$ in thousands | 12,507,800 | 9,042,860 | 7,154,660 | 7,198,280 | 7,191,960 | 7,270,000 | 7,048,990 | 7,061,430 | 7,089,910 | 6,975,650 | 6,989,510 | 6,955,990 | 5,085,330 | 4,925,150 | 4,994,040 | 5,280,750 | 5,277,260 | 5,767,230 | 5,738,860 | 5,012,140 |
| Total asset turnover | 0.50 | 0.73 | 0.92 | 0.93 | 0.94 | 0.94 | 0.99 | 1.02 | 1.02 | 1.01 | 0.94 | 0.86 | 1.10 | 1.12 | 1.09 | 1.00 | 0.99 | 0.90 | 0.91 | 1.06 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,299,940K ÷ $12,507,800K
= 0.50
Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. It is calculated by dividing a company's net sales by its average total assets.
In the case of Sonoco Products Company, the total asset turnover has fluctuated over the quarters provided. From March 31, 2020, to December 31, 2024, the total asset turnover ratio ranged from 0.50 to 1.12.
A higher total asset turnover ratio indicates that the company is more efficient in utilizing its assets to generate revenue. Conversely, a lower ratio suggests that the company may be facing challenges in maximizing its asset utilization for revenue generation.
Sonoco Products Company experienced variations in its total asset turnover over the periods, with some quarters showing stronger asset utilization efficiency compared to others. It is important for the company to analyze the factors contributing to these fluctuations and work towards maintaining or improving its asset turnover to ensure optimal performance and profitability.
Peer comparison
Dec 31, 2024