Sonoco Products Co (Sonoco Products Co) Days Inventory

: 56.30 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Sonoco Products Co's Average Total Inventories for the three months ended in Dec. 2023 was $800 Mil. Sonoco Products Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,296 Mil. Hence, Sonoco Products Co's Days Inventory for the three months ended in Dec. 2023 was 56.30.

The historical rank and industry rank for Sonoco Products Co's Days Inventory or its related term are showing as below:

SON' s Days Inventory Range Over the Past 10 Years
Min: 36.07 Med: 40.71 Max: 64.47
Current: 64.47

During the past 13 years, Sonoco Products Co's highest Days Inventory was 64.47. The lowest was 36.07. And the median was 40.71.

SON's Days Inventory is ranked better than
65.21% of 365 companies
in the Packaging & Containers industry
Industry Median: 77.74 vs SON: 64.47

Sonoco Products Co's Days Inventory declined from Dec. 2022 (70.73) to Dec. 2023 (56.30).

Inventory Turnover measures how fast the company turns over its inventory within a year. Sonoco Products Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.62.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Sonoco Products Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.49.

Sonoco Products Co Days Inventory Historical Data

The historical data trend for Sonoco Products Co's Days Inventory 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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42.18

41.56

40.82

52.06

63.81

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
Days Inventory	Get a 7-Day Free Trial															70.73	73.34	68.56	59.94	56.30

Competitive Comparison

For the Packaging & Containers subindustry, Sonoco Products Co's Days Inventory, along with its competitors' market caps and Days Inventory 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 Days Inventory Distribution

For the Packaging & Containers industry and Consumer Cyclical sector, Sonoco Products Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sonoco Products Co's Days Inventory falls into.

Sonoco Products Co Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Sonoco Products Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1095.558	+	773.501)	/	2 )	/	5345.638	*	365
=	934.5295					/	5345.638	*	365
=	63.81

Sonoco Products Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (826.032	+	773.501)	/	2 )	/	1296.148	*	365 / 4
=	799.7665					/	1296.148	*	365 / 4
=	56.30

Sonoco Products Co (NYSE:SON) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Sonoco Products Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1296.148	/	799.7665
	=	1.62

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Sonoco Products Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	799.7665	/	1635.8
	=	0.49

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Sonoco Products Co Days Inventory Related Terms

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

Sonoco Products Co (Sonoco Products Co) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SNS:Germany

Address

1 N. Second Street, Hartsville, SC, USA, 29550

Website

http://www.sonoco.com

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