Can COCO sustain its Q4 earnings momentum into next year?

**The Vita Coco's (COCO) ability to sustain its Q4 earnings momentum into next year is uncertain**. Here's why:

1. **Revenue Growth**: COCO has shown a strong revenue growth rate of 19.92%, which is a positive indicator. However, to sustain momentum, the company needs to continue this growth trend.
2. **Earnings Decline**: Net income has experienced a significant decline of -50.24%, which is a red flag. COCO needs to reverse this trend to maintain momentum.
3. **Profitability Metrics**: The company's ROE and ROA are high at 24.26% and 19.77%, respectively, indicating good profitability. However, these metrics alone do not guarantee sustainability.

|code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|Diluted EPS YoY|market_code|
|---|---|---|---|---|---|---|---|
|COCO|COCO.O|The Vita Coco|2024 Q1|112.3489932885906|1.7665977277489773|100|185|
|COCO|COCO.O|The Vita Coco|2024 Q2|6.148885306054373|3.201689999641949|3.2258064516129057|185|
|COCO|COCO.O|The Vita Coco|2024 Q3|26.951991558955417|-3.735948545602039|23.076923076923077|185|
|COCO|COCO.O|The Vita Coco|2024 Q4|-50.24361435109995|19.92481911365692||185|

|code|Ticker|Name|Date|ROA|ROE(Average)|market_code|
|---|---|---|---|---|---|---|
|COCO|COCO.O|The Vita Coco|2024 Q1|5.7391|6.9095|185|
|COCO|COCO.O|The Vita Coco|2024 Q2|13.2653|15.3442|185|
|COCO|COCO.O|The Vita Coco|2024 Q3|20.0714|23.1355|185|
|COCO|COCO.O|The Vita Coco|2024 Q4|19.7737|24.2608|185|

4. **Financial Health**: COCO has a debt-to-equity ratio of 0% and a positive free cash flow of $6.8 million, which are favorable. However, negative investing cash flow of $1.25 million could impact long-term sustainability.

|code|Ticker|Name|Date|Debt-to-Equity Ratio|Debt-to-Equity Ratio YoY|market_code|
|---|---|---|---|---|---|---|
|COCO|COCO.O|The Vita Coco|2024 Q1|1.0014783728360913E-4|-65.14249717467757|185|
|COCO|COCO.O|The Vita Coco|2024 Q2|7.758420040861013E-5|-63.97472013188848|185|
|COCO|COCO.O|The Vita Coco|2024 Q3|5.949547834364588E-5|-61.80330794859591|185|
|COCO|COCO.O|The Vita Coco|2024 Q4|5.0228539856346375E-5|-60.891865681156965|185|

|code|Ticker|Name|Date|Free Cash Flow|Free Cash Flow YoY|market_code|
|---|---|---|---|---|---|---|
|COCO|COCO.O|The Vita Coco|2024 Q1|-4.5307696228E7|-330.7049704619204|185|
|COCO|COCO.O|The Vita Coco|2024 Q2|-2.6944308182E7|-1006.8403305243921|185|
|COCO|COCO.O|The Vita Coco|2024 Q3|-8337507.172|1.9676084085422514|185|
|COCO|COCO.O|The Vita Coco|2024 Q4|-7257675.632|52.07203575090384|185|

|code|Ticker|Name|Date|Free Cash Flow|Investing Cash Flow|Operating Cash Flow|Financing Cash Flow|market_code|
|---|---|---|---|---|---|---|---|---|
|COCO|COCO.O|The Vita Coco|2024 Q1|-4.5307696228E7|-124000|-267000|-9086000|185|
|COCO|COCO.O|The Vita Coco|2024 Q2|-2.6944308182E7|-290000|2.6919E7|524000|185|
|COCO|COCO.O|The Vita Coco|2024 Q3|-8337507.172|-435000|9325000|-1802000|185|
|COCO|COCO.O|The Vita Coco|2024 Q4|-7257675.632|-125000|6922000|2068000|185|

5. **Sustainability Factors**: The impact of sustainability on earnings momentum is significant. COCO's ability to maintain good corporate governance and transparency will be crucial in sustaining momentum.

In conclusion, while COCO has some positive indicators, the decline in net income and the need to continue revenue growth at a high rate suggest caution. The company's ability to manage its investments and maintain transparency and good corporate governance will be key factors in determining whether it can sustain its Q4 earnings momentum into next year.