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Sonoco Products Company
NYSE SON
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Sonoco Products Company Accounts Payable Turnover Ratio 3 year CAGR for the year ending December 31, 2023: 7.02%
Sonoco Products Company Accounts Payable Turnover Ratio 3 year CAGR is 7.02% for the year ending December 31, 2023, a 860.23% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
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Sonoco Products Company Accounts Payable Turnover Ratio for the year ending December 31, 2022 was 5.78, a 13.93% change year over year.
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Sonoco Products Company Accounts Payable Turnover Ratio for the year ending December 31, 2021 was 5.07, a 1.49% change year over year.
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Sonoco Products Company Accounts Payable Turnover Ratio for the year ending December 31, 2020 was 5.00, a -15.89% change year over year.
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Sonoco Products Company Accounts Payable Turnover Ratio for the year ending December 31, 2019 was 5.94, a -3.16% change year over year.
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NYSE: SON
| CEO | Mr. Robert Howard Coker |
| IPO Date | June 11, 1985 |
| Location | United States |
| Headquarters | 1 North Second Street, Hartsville, SC, United States, 29550 |
| Employees | 22,000 |
| Sector | Consumer Cyclical |
| Industry | Packaging & containers |
Description
Sonoco Products Company, together with its subsidiaries, designs, develops, manufactures, and sells various engineered and sustainable packaging products in North and South America, Europe, Australia, and Asia. The company operates Consumer Packaging and Industrial Paper Packaging segments. The Consumer Packaging segment offers round and shaped rigid paper, steel, and plastic containers; metal and peelable membrane ends, closures, and components; thermoformed plastic trays and enclosures; and high-barrier flexible packaging products. The Industrial Paper Packaging segment provides paperboard tubes, cones, and cores; paper-based protective packaging products; and uncoated recycled paperboard products. It also offers various packaging materials, including plastic, paper, foam, and other specialty materials. Sonoco Products Company sells its products in various markets, which include paper, textile, film, food, packaging, construction, and wire and cable. The company was founded in 1899 and is headquartered in Hartsville, South Carolina.
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StockViz Staff
September 20, 2024
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