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The Vita Coco Co (The Vita Coco Co) ROC (Joel Greenblatt) % : 53.70% (As of Dec. 2023)


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What is The Vita Coco Co ROC (Joel Greenblatt) %?

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. The Vita Coco Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 53.70%.

The historical rank and industry rank for The Vita Coco Co's ROC (Joel Greenblatt) % or its related term are showing as below:

COCO' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.23   Med: 58.79   Max: 151.73
Current: 68.29

During the past 5 years, The Vita Coco Co's highest ROC (Joel Greenblatt) % was 151.73%. The lowest was 14.23%. And the median was 58.79%.

COCO's ROC (Joel Greenblatt) % is ranked better than
85.32% of 109 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 19.37 vs COCO: 68.29

The Vita Coco Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


The Vita Coco Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for The Vita Coco Co's ROC (Joel Greenblatt) % 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.

The Vita Coco Co ROC (Joel Greenblatt) % Chart

The Vita Coco Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
32.57 151.73 58.79 14.23 90.17

The Vita Coco Co Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROC (Joel Greenblatt) % 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 -11.06 34.64 83.47 80.42 53.70

Competitive Comparison of The Vita Coco Co's ROC (Joel Greenblatt) %

For the Beverages - Non-Alcoholic subindustry, The Vita Coco Co's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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.


The Vita Coco Co's ROC (Joel Greenblatt) % Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, The Vita Coco Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where The Vita Coco Co's ROC (Joel Greenblatt) % falls into.



The Vita Coco Co ROC (Joel Greenblatt) % Calculation

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

EBIT stands for Earnings Before Interest and Taxes.

Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.

GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(79.577 + 50.38 + 22.466) - (72.653 + 0 + 1.371)
=78.399

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(50.086 + 50.757 + 13.291) - (69.158 + 0 + 12.225)
=32.751

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of The Vita Coco Co for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=31.852/( ( (3.943 + max(78.399, 0)) + (3.542 + max(32.751, 0)) )/ 2 )
=31.852/( ( 82.342 + 36.293 )/ 2 )
=31.852/59.3175
=53.70 %

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

* 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.


The Vita Coco Co  (NAS:COCO) ROC (Joel Greenblatt) % Explanation

The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


The Vita Coco Co ROC (Joel Greenblatt) % Related Terms

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The Vita Coco Co (The Vita Coco Co) Business Description

Traded in Other Exchanges
Address
250 Park Avenue South, Seventh Floor, New York, NY, USA, 10003
The Vita Coco Co Inc is a plant-based functional hydration platform. Its products include Vita Coco Coconut Water, Private Label including coconut water and oil, and Other including Runa and Ever & Ever product offerings, Vita Coco product extensions beyond coconut water, such as Vita Coco Sparkling, coconut milk products, and others. Geographical presence of the company is United States, Canada, Europe, Middle East, Africa, and the Asia Pacific regions.
Executives
Michael Kirban director, officer: See Remarks C/O THE VITA COCO COMPANY, INC., 250 PARK AVENUE SOUTH, SEVENTH FLOOR, NEW YORK NY 10003
Ira Liran director, officer: See Remarks C/O THE VITA COCO COMPANY, INC., 250 PARK AVENUE SOUTH, SEVENTH FLOOR, NEW YORK NY 10003
Rowena Ricalde officer: Interim CFO C/O THE VITA COCO COMPANY, INC., 250 PARK AVENUE SOUTH, SEVENTH FLOOR, NEW YORK NY 10003
Jonathan Burth officer: Chief Operating Officer C/O THE VITA COCO COMPANY, INC., 250 PARK AVENUE SOUTH, SEVENTH FLOOR, NEW YORK NY 10003
Jane Prior officer: Chief Marketing Officer C/O THE VITA COCO COMPANY, INC., 250 PARK AVENUE SOUTH, SEVENTH FLOOR, NEW YORK NY 10003
Es Charles Van officer: Chief Sales Officer C/O THE VITA COCO COMPANY, INC., 250 PARK AVENUE SOUTH, SEVENTH FLOOR, NEW YORK NY 10003
Beverages Sa Verlinvest 10 percent owner PLACE EUGENE FLAGEY 18, BRUSSELS C9 B-1050
Eric Melloul director, 10 percent owner C/O THE VITA COCO COMPANY, INC., 250 PARK AVENUE SOUTH, SEVENTH FLOOR, NEW YORK NY 10003
Aishetu Fatima Dozie director 2550 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94025
Baker Corey officer: Chief Financial Officer C/O THE VITA COCO COMPANY, INC., 250 PARK AVENUE SOUTH, 7TH FLOOR, NEW YORK NY 10003
Kenneth Sadowsky director C/O THE VITA COCO COMPANY, INC., 250 PARK AVENUE SOUTH, SEVENTH FLOOR, NEW YORK NY 10003
Kevin Benmoussa officer: Chief Financial Officer C/O THE VITA COCO COMPANY, INC., 250 PARK AVENUE SOUTH, SEVENTH FLOOR, NEW YORK NY 10003
Martin F Roper director, officer: See Remarks
Axelle Henry director, 10 percent owner C/O THE VITA COCO COMPANY, INC., 250 PARK AVENUE SOUTH, SEVENTH FLOOR, NEW YORK NY 10003
Rw Vc S.a.r.l. 10 percent owner 11 AVENUE DE LA PORTE-NEUVE, LUXEMBOURG N4 2227