Sonoco Products Company

NYSE SON

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Sonoco Products Company Average Collection Period 2 year CAGR for the Trailing 12 Months (TTM) ending March 31, 2024: -48.89%

Sonoco Products Company Average Collection Period 2 year CAGR is -48.89% for the Trailing 12 Months (TTM) ending March 31, 2024, a -1,198.25% change year over year. The average collection period measures the average number of days it takes for a company to collect payments from its customers. It is calculated by dividing 365 by the ratio of revenue to the average of receivables and other current assets. A lower average collection period indicates a more efficient collection process and better cash flow management, while a higher period may suggest delayed payments and potential liquidity challenges. 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.
  • Sonoco Products Company Average Collection Period for the Trailing 12 Months (TTM) ending March 31, 2023 was 115.84, a -3.00% change year over year.
  • Sonoco Products Company Average Collection Period for the Trailing 12 Months (TTM) ending March 31, 2022 was 119.42, a -4.52% change year over year.
  • Sonoco Products Company Average Collection Period for the Trailing 12 Months (TTM) ending March 31, 2021 was 125.08, a -0.86% change year over year.
  • Sonoco Products Company Average Collection Period for the Trailing 12 Months (TTM) ending March 31, 2020 was 126.17, a 2.38% change year over year.
NYSE: SON

Sonoco Products Company

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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