The Vita Coco Co (STU:85E) ROCE % : 34.94% (As of Mar. 2024)

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What is The Vita Coco Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. The Vita Coco Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 34.94%.

The Vita Coco Co ROCE % Historical Data

The historical data trend for The Vita Coco Co's ROCE % 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.

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The Vita Coco Co ROCE % Chart

The Vita Coco Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

12.09

36.69

20.27

8.56

33.05

The Vita Coco Co Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												23.02	54.38	41.94	15.86	34.94

The Vita Coco Co ROCE % Calculation

The Vita Coco Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	53.141	/	( ( (186.683 - 51.303)	+	(261.97 - 75.73) )	/ 2 )
	=	53.141	/	( (135.38	+	186.24)	/ 2 )
	=	53.141	/	160.81
	=	33.05 %

The Vita Coco Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	66.296	/	( ( (261.97 - 75.73)	+	(265.919 - 72.682) )	/ 2 )
	=	66.296	/	( ( 186.24	+	193.237 )	/ 2 )
	=	66.296	/	189.7385
	=	34.94 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

The Vita Coco Co (STU:85E) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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The Vita Coco Co (STU:85E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » The Vita Coco Co Inc (STU:85E) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

COCO:USA 85E:Germany

Address

250 Park Avenue South, Seventh Floor, New York, NY, USA, 10003

Website

https://www.thevitacococompany.com

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.

The Vita Coco Co (STU:85E) Headlines

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