The Vita Coco Company, Inc. — Earnings Quality Grade F
COCO · Consumer Defensive
Major red flags
Screening Summary
Management Signals
Source: SEC EDGAR 8-K Item 5.02, with exhibit links when available
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 49 days, change +4 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 18.2%, CFFO 10.0%. Cash follows revenue
Expense Quality
Inventory 33.3% vs COGS 22.1%. Normal
CapEx growth 736.7% is >2x revenue growth 18.2%
SG&A/Gross Profit = 62.9%. Normal
Gross margin 36.5%, change -2.0pp. Stable
Cash Flow Quality
CFFO/NI = 0.66. Below 1.0
FCF $0.0B, FCF/NI = 0.55
Accruals ratio = 5.2%. Elevated
Cash $0.2B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.0B = 2% of equity. Manageable
Debt/EBITDA = 0.2x. Healthy
Other assets 22.9% vs revenue 18.2%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 0% YoY. Normal
Manipulation Score
M-Score = -1.61 (> -1.78). LIKELY MANIPULATOR
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25