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Stock impact report

Covenant Logistics Group, Inc.'s (NYSE:CVLG) Has Had A Decent Run On The Stock market: Are Fundamentals In The Driver's Seat? [Yahoo! Finance]

Covenant Logistics Group, Inc. Class A (CVLG) 
Company Research Source: Yahoo! Finance
Covenant Logistics Group's ROE today. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. How Is ROE Calculated? The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Covenant Logistics Group is: 10.0% = US$42m ÷ US$419m (Based on the trailing twelve months to June 2024). The 'return' is the yearly profit. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.10 in profit. Why Is ROE Important For Earnings Growth? Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able Show less Read more
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