Sonoco Products Company (SON)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 474,959 | 490,920 | 482,400 | 499,423 | 466,437 | 434,391 | 423,302 | -42,440 | -85,476 | -162,275 | -189,966 | 199,315 | 207,463 | 264,004 | 272,619 | 298,567 | 291,785 | 324,564 | 304,915 | 313,168 |
| Total assets | US$ in thousands | 7,191,960 | 7,270,000 | 7,048,990 | 7,061,430 | 7,052,940 | 6,975,650 | 6,989,510 | 6,955,990 | 5,073,240 | 4,925,150 | 4,994,040 | 5,280,750 | 5,277,260 | 5,767,230 | 5,738,860 | 5,012,140 | 5,126,290 | 4,986,180 | 4,945,560 | 4,941,500 |
| ROA | 6.60% | 6.75% | 6.84% | 7.07% | 6.61% | 6.23% | 6.06% | -0.61% | -1.68% | -3.29% | -3.80% | 3.77% | 3.93% | 4.58% | 4.75% | 5.96% | 5.69% | 6.51% | 6.17% | 6.34% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $474,959K ÷ $7,191,960K
= 6.60%
Sonoco Products Co.'s return on assets (ROA) has shown a consistent improvement over the past eight quarters. The ROA increased from -0.61% in Q1 2022 to 7.07% in Q1 2023, indicating a strong upward trend in the company's ability to generate profits from its assets. This positive performance suggests that Sonoco Products Co. is effectively utilizing its assets to generate earnings for its shareholders. Additionally, the company's ROA has remained above 6% for the past five quarters, demonstrating stability and efficiency in its asset management. Overall, Sonoco Products Co.'s ROA reflects a strong financial performance and efficient use of its resources.
Peer comparison
Dec 31, 2023