Sonoco Products Company (SON)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 2,424,340 | 2,332,540 | 2,292,350 | 2,198,400 | 2,065,810 | 1,928,610 | 1,929,680 | 1,911,790 | 1,837,440 | 1,849,990 | 1,811,440 | 1,902,400 | 1,899,600 | 1,871,140 | 1,797,340 | 1,744,260 | 1,802,680 | 1,841,680 | 1,840,360 | 1,788,180 |
| ROE | 19.59% | 21.05% | 21.04% | 22.72% | 22.58% | 22.52% | 21.94% | -2.22% | -4.65% | -8.77% | -10.49% | 10.48% | 10.92% | 14.11% | 15.17% | 17.12% | 16.19% | 17.62% | 16.57% | 17.51% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $474,959K ÷ $2,424,340K
= 19.59%
Sonoco Products Co.'s return on equity (ROE) has shown some fluctuations over the past eight quarters. The ROE has ranged from a low of -2.22% in Q1 2022 to a high of 22.72% in Q1 2023. Generally, the company's ROE has been positive, indicating that it has been generating profit from shareholders' equity.
The upward trend in ROE from Q1 2022 to Q1 2023 suggests that Sonoco Products Co. has been improving its profitability and efficiency in utilizing shareholders' equity to generate earnings. However, the slight decrease in ROE in Q4 2023 from the previous quarter could be an area of concern and might warrant further investigation into the company's financial performance and operations during that period.
Overall, Sonoco Products Co. has demonstrated a relatively strong ROE performance in recent quarters, which is a positive signal for investors and indicates that the company is effectively utilizing its equity to generate returns for shareholders.
Peer comparison
Dec 31, 2023