• Sonoco Products average return on tangible equity for 2023 was -195.72, a 9.92% decline from 2022.
• Sonoco Products average return on tangible equity for 2022 was -178.06, a 836.66% increase from 2021.
• Sonoco Products average return on tangible equity for 2021 was -19.01, a 103.63% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.