Sonoco Products Company (SON)
Operating profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 715,790 | 707,360 | 726,365 | 735,982 | 675,395 | 653,220 | 597,790 | 535,605 | 486,853 | 399,342 | 379,574 | 348,010 | 357,804 | 422,452 | 454,256 | 480,297 | 467,082 | 479,300 | 442,325 | 444,419 |
| Revenue (ttm) | US$ in thousands | 6,825,810 | 6,976,700 | 7,162,630 | 7,381,000 | 7,401,430 | 7,143,520 | 6,683,310 | 6,138,990 | 5,719,930 | 5,619,660 | 5,509,310 | 5,390,170 | 5,348,310 | 5,297,960 | 5,341,660 | 5,458,660 | 5,502,880 | 5,562,970 | 5,575,100 | 5,598,550 |
| Operating profit margin | 10.49% | 10.14% | 10.14% | 9.97% | 9.13% | 9.14% | 8.94% | 8.72% | 8.51% | 7.11% | 6.89% | 6.46% | 6.69% | 7.97% | 8.50% | 8.80% | 8.49% | 8.62% | 7.93% | 7.94% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $715,790K ÷ $6,825,810K
= 10.49%
Sonoco Products Co.'s operating profit margin has shown a general upward trend over the past eight quarters, with a slight increase from 9.19% in Q1 2022 to 10.23% in Q4 2023. This indicates that the company has been able to effectively manage its operating expenses and generate higher profits from its core business operations. The company's ability to maintain operating profit margins above 10% in the most recent quarters demonstrates its efficiency in controlling costs and maximizing profitability. It is important to continue monitoring this metric to ensure sustainable growth and profitability for Sonoco Products Co.
Peer comparison
Dec 31, 2023