Covenant Logistics Group's (NYSE:CVLG) Shareholders Have More To Worry About Than Only Soft Earnings [Yahoo! Finance]
Covenant Logistics Group, Inc. Class A (CVLG)
Company Research
Source: Yahoo! Finance
Our analysis suggests that along with soft profit numbers, investors should be aware of some other underlying weaknesses in the numbers. View our latest analysis for Covenant Logistics Group As finance nerds would already know, the accrual ratio from cashflow is a key measure for assessing how well a company's free cash flow (FCF) matches its profit. To get the accrual ratio we first subtract FCF from profit for a period, and then divide that number by the average operating assets for the period. This ratio tells us how much of a company's profit is not backed by free cashflow. As a result, a negative accrual ratio is a positive for the company, and a positive accrual ratio is a negative. That is not intended to imply we should worry about a positive accrual ratio, but it's worth noting where the accrual ratio is rather high. To quote a 2014 paper by Lewellen and Resutek, "firms with higher accruals tend to be less profitable in the future". Covenant Logistics Group has an acc
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CVLG
News
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- Werner (WERN) Q3 Earnings Report Preview: What To Look For [Yahoo! Finance]Yahoo! Finance
CVLG
Earnings
- 10/23/24 - Beat
CVLG
Sec Filings
- 11/5/24 - Form 4
- 11/1/24 - Form 4
- 11/1/24 - Form 10-Q
- CVLG's page on the SEC website