Sonoco Products Company (SON)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 163,949 | 288,151 | 367,979 | 391,817 | 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 |
| 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 |
| ROA | 1.31% | 3.19% | 5.14% | 5.44% | 6.60% | 6.75% | 6.84% | 7.07% | 6.58% | 6.23% | 6.06% | -0.61% | -1.68% | -3.29% | -3.80% | 3.77% | 3.93% | 4.58% | 4.75% | 5.96% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $163,949K ÷ $12,507,800K
= 1.31%
Sonoco Products Company's return on assets (ROA) has shown fluctuations over the analyzed period, ranging from a positive peak of 7.07% on March 31, 2023, to a negative low of -3.80% on June 30, 2021. The ROA started at 5.96% on March 31, 2020, displaying a gradual decline by the end of 2021. However, in the latter part of 2022, the ROA improved and remained relatively stable around the 6% mark until June 30, 2024, when it decreased to 5.14%. The most recent data as of December 31, 2024, shows a further drop to 1.31%.
This indicates that Sonoco Products Company's ability to generate profit from its total assets has varied significantly during the period under review. The downward trend observed since 2021 may raise concerns about the company's asset utilization efficiency and overall profitability, warranting further investigation into the factors influencing these fluctuations in ROA. Such analysis can provide valuable insights into the company's financial performance and help stakeholders make informed decisions regarding their investment in Sonoco Products Company.
Peer comparison
Dec 31, 2024