Sonoco Products Co's Total Assets for the quarter that ended in Dec. 2023 was $7,192 Mil.
Warning Sign:
If a company builds assets at 9.8% a year, faster than its revenue growth rate of 6.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Sonoco Products Co's average Total Assets Growth Rate was 3.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 14.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 9.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 6.20% per year.
During the past 13 years, Sonoco Products Co's highest 3-Year average Total Assets Growth Rate was 30.30%. The lowest was -1.50%. And the median was 5.20%.
The historical data trend for Sonoco Products Co's Total Assets 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.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Sonoco Products Co's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Sonoco Products Co's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Sonoco Products Co Total Assets Related Terms
Thank you for viewing the detailed overview of Sonoco Products Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Sonoco Products Co (Sonoco Products Co) Business Description
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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SON has been successfully added to your 