Sonoco Products Co (Sonoco Products Co) Days Payable

: 49.39 (As of Dec. 2023)

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Sonoco Products Co's average Accounts Payable for the three months ended in Dec. 2023 was $702 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 Payable for the three months ended in Dec. 2023 was 49.39.

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

SON' s Days Payable Range Over the Past 10 Years
Min: 45.04 Med: 46.59 Max: 52.11
Current: 49.94

During the past 13 years, Sonoco Products Co's highest Days Payable was 52.11. The lowest was 45.04. And the median was 46.59.

SON's Days Payable is ranked worse than
58.58% of 367 companies
in the Packaging & Containers industry
Industry Median: 57.52 vs SON: 49.94

Sonoco Products Co's Days Payable declined from Dec. 2022 (57.19) to Dec. 2023 (49.39). It may suggest that Sonoco Products Co accelerated paying its suppliers.

Sonoco Products Co Days Payable Historical Data

The historical data trend for Sonoco Products Co's Days Payable 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 Payable

46.25

46.80

50.71

48.37

52.11

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 Payable																57.19	52.68	48.58	46.93	49.39

Competitive Comparison

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

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

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

Sonoco Products Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

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

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (818.885	+	707.49)	/	2 )	/	5345.638	*	365
=	763.1875					/	5345.638	*	365
=	52.11

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (695.55	+	707.49)	/	2 )	/	1296.148	*	365 / 4
=	701.52					/	1296.148	*	365 / 4
=	49.39

Sonoco Products Co Days Payable Related Terms

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Sonoco Products Co (Sonoco Products Co) Business Description

Industry

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

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