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SON (Sonoco Products Co) Total Inventories : $1,016 Mil (As of Dec. 2024)


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What is Sonoco Products Co Total Inventories?

Sonoco Products Co's total inventories for the quarter that ended in Dec. 2024 was $1,016 Mil. Sonoco Products Co's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $886 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sonoco Products Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-87.69.

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 three months ended in Dec. 2024 was 285.70.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sonoco Products Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.32.

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 quarter that ended in Dec. 2024 was 2.40.


Sonoco Products Co Total Inventories Historical Data

The historical data trend for Sonoco Products Co's Total Inventories 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 Total Inventories Chart

Sonoco Products Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 450.69 562.11 1,095.56 603.65 1,016.14

Sonoco Products Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Total Inventories 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 603.65 749.02 732.57 755.25 1,016.14

Sonoco Products Co Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


Sonoco Products Co  (NYSE:SON) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Sonoco Products Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is

Net-Net Working Capital Per Share (Q: Dec. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(431.01+0.75 * 907.526+0.5 * 1016.139-10221.577
-0-14.599)/98.260
=-87.69

2. 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 three months ended in Dec. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2024 )/Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=885.6955/282.888*365 / 4
=285.70

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

Sonoco Products Co's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2024 ) / Average Total Inventories (Q: Dec. 2024 )
=282.888 / 885.6955
=0.32

4. 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 quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2024 ) / Revenue (Q: Dec. 2024 )
=885.6955 / 368.477
=2.40

* 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.


Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


Sonoco Products Co Total Inventories Related Terms

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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 40 years.
Executives
R. Howard Coker officer: VP - RIGID PAPER & CLOSURES SONOCO PRODUCTS COMPANY, 1 N. SECOND STREET, HARTSVILLE SC 29550
John R Haley director SONOCO PRODUCTS COMPANY, 1 N SECOND STREET, 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
John M Florence officer: Corporate Attorney ONE NORTH SECOND STREET, HARTSVILLE SC 29550
Adam Wood officer: VP, Industrial Europe 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
Sean Cairns officer: Pres Global Rigid Paper&Closur 1 N 2ND ST, HARTSVILLE SC 29550
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