GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Sonoco Products Co (NYSE:SON) » Definitions » EBIT

Sonoco Products Co (Sonoco Products Co) EBIT : $752 Mil (TTM As of Dec. 2023)


View and export this data going back to 1995. Start your Free Trial

What is Sonoco Products Co EBIT?

Sonoco Products Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $138 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $752 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sonoco Products Co's annualized ROC % for the quarter that ended in Dec. 2023 was 6.63%. Sonoco Products Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 19.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sonoco Products Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.61%.


Sonoco Products Co EBIT Historical Data

The historical data trend for Sonoco Products Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sonoco Products Co EBIT Chart

Sonoco Products Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 447.61 330.64 -96.99 672.94 751.52

Sonoco Products Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 125.27 227.55 186.46 199.63 137.88

Competitive Comparison of Sonoco Products Co's EBIT

For the Packaging & Containers subindustry, Sonoco Products Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sonoco Products Co's EV-to-EBIT Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Sonoco Products Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Sonoco Products Co's EV-to-EBIT falls into.



Sonoco Products Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $752 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Sonoco Products Co  (NYSE:SON) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Sonoco Products Co's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=499.604 * ( 1 - 21.72% )/( (5869.139 + 5921.875)/ 2 )
=391.0900112/5895.507
=6.63 %

where

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7269.999 - 1142.92 - ( 257.94 - max(0, 1185.199 - 2239.888+257.94))
=5869.139

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7191.957 - 1118.145 - ( 151.937 - max(0, 1165.277 - 2050.365+151.937))
=5921.875

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Sonoco Products Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=551.504/( ( (2137.872 + max(738.256, 0)) + (2221.081 + max(673.639, 0)) )/ 2 )
=551.504/( ( 2876.128 + 2894.72 )/ 2 )
=551.504/2885.424
=19.11 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(964.054 + 826.032 + 91.09) - (1142.92 + 0 + 0)
=738.256

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(904.898 + 773.501 + 113.385) - (1118.145 + 0 + 0)
=673.639

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Sonoco Products Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=751.518/8732.067
=8.61 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Sonoco Products Co EBIT Related Terms

Thank you for viewing the detailed overview of Sonoco Products Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Sonoco Products Co (Sonoco Products Co) Business Description

Traded in Other Exchanges
Address
1 N. Second Street, Hartsville, SC, USA, 29550
Over its 100-year-plus history, Sonoco Products has steadily assembled a diverse portfolio of industrial and consumer packaging product offerings such as flexible and rigid plastics, reels and spools, pallets, and composite cans. The company serves a variety of consumer and industrial end markets throughout North America. Sonoco has raised its dividend each year for more than 30 years.
Executives
Sean Cairns officer: Pres Global Rigid Paper&Closur 1 N 2ND ST, HARTSVILLE SC 29550
Haynes Ernest D Iii officer: VP, Rigid Paper Containers, NA 1 NORTH 2ND STREET, HARTSVILLE SC 29550
Hill Robert R Jr director C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Steven L Boyd director 1 NORTH 2ND ST, HARTSVILLE SC 29550
Shawn B Munday officer: VP, Glbl Mergers & ACQ 1 N 2ND ST, HARTSVILLE SC 29550
Aditya Gandhi officer: CAO 1 NORTH SECOND STREET, HARTSVILLE SC 29550
Rodger D Fuller officer: DIV VP & GENERAL MANAGER - CPD C/O SONOCO PRODUCTS COMPANY, 1 N. SECOND STREET, HARTSVILLE SC 29550
Anne Marie Lopiccolo officer: VP, Global Human Resources 1 N 2ND ST, HARTSVILLE SC 29550
Elizabeth J Rhue officer: VP Global Envir&Sustainability 1 N. 2ND STREET, HARTSVILLE SC 29550
Julie C Albrecht officer: VP, Treasurer/Assistant CFO ONE NORTH SECOND STREET, HARTSVILLE SC 29550
Lisa K Weeks officer: Staff VP Investor Relations 56 SOUTH ROCKFORD DRIVE, TEMPE AZ 85281
Cummings Harold G Iii officer: Staff VP,Treasurer ONE NORTH SECOND STREET, HARTSVILLE SC 29550
Russell K Grissett officer: VP, Global Flexible Packaging 1 NORTH 2ND STREET, HARTSVILLE SC 29550
Jeffrey S Tomaszewski officer: VP - Global RPC, D&P, Paper 1 N 2ND ST, HARTSVILLE SC 29550
John M Florence officer: Corporate Attorney ONE NORTH SECOND STREET, HARTSVILLE SC 29550

Sonoco Products Co (Sonoco Products Co) Headlines

From GuruFocus

Sonoco Increases Quarterly Stock Dividend

By sperokesalga sperokesalga 04-19-2023

Sonoco Raises First-Quarter 2023 Financial Guidance

By sperokesalga sperokesalga 03-21-2023

Sonoco ThermoSafe and LATAM Cargo Sign Global Master Lease Agreement

By Value_Insider Value_Insider 11-22-2022

Sonoco Reports Second Quarter 2023 Results

By Marketwired 07-31-2023

Sonoco Declares Regular Quarterly Common Stock Dividend

By sperokesalga sperokesalga 02-09-2023