Investors Could Be Concerned With Covenant Logistics Group's (NASDAQ:CVLG) Returns On Capital [Yahoo! Finance]
Covenant Logistics Group, Inc. - Class A (CVLG)
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. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. In light of that, when we looked at Covenant Logistics Group NASDAQ:CVLG ) and its ROCE trend, we weren't exactly thrilled. What Is Return On Capital Employed (ROCE)? If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Covenant Logistics Group: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.063 = US$49m ÷ (US$954m - US$170m) (Based on the trailing twelve months to December 2023) Therefore, Covenant Logistics Group has an ROCE of 6.3%. In absolute terms, that's a low return and it also under-perf
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CVLG
News
- Covenant Logistics Group Announces Appointment of Chief Operating Officer [Yahoo! Finance]Yahoo! Finance
- Covenant Logistics Group Announces Appointment of Chief Operating OfficerGlobeNewswire
- Covenant Logistics Group Announces First Quarter Financial and Operating ResultsGlobeNewswire
- Covenant Logistics Group, Inc.'s (NASDAQ:CVLG) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong? [Yahoo! Finance]Yahoo! Finance
- Covenant Logistics (CVLG) Ascends While Market Falls: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
CVLG
Earnings
- 4/24/24 - Beat
CVLG
Sec Filings
- 4/29/24 - Form 8-K
- 4/24/24 - Form 8-K
- 4/15/24 - Form 4
- CVLG's page on the SEC website