Why The 28% Return On Capital At Vita Coco Company (NASDAQ:COCO) Should Have Your Attention [Yahoo! Finance]
The Vita Coco Company, Inc. (COCO)
Company Research
Source: Yahoo! Finance
Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. And in light of that, the trends we're seeing at Vita Coco Company's NASDAQ:COCO ) look very promising so lets take a look. Understanding Return On Capital Employed (ROCE) Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for Vita Coco Company, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.28 = US$57m ÷ (US$286m - US$83m) (Based on the trailing twelve months to December 2023) So, Vita Coco Company has an ROCE of 28%. In absolute terms that's a great return and it's even better than the Beverage
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COCO
News
- The Vita Coco Company to Participate in the Goldman Sachs Global Staples ForumGlobeNewswire
- Vita Coco Company (COCO) Upgraded to Strong Buy: Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
- The Vita Coco Company, Inc. (NASDAQ:COCO) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Should You Be Adding Vita Coco Company (NASDAQ:COCO) To Your Watchlist Today? [Yahoo! Finance]Yahoo! Finance
- Why Vita Coco (COCO) Stock Is Up Today [Yahoo! Finance]Yahoo! Finance
COCO
Earnings
- 5/1/24 - Beat
COCO
Sec Filings
- 5/2/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/24/24 - Form 8-K
- COCO's page on the SEC website