Your email has been successfully added to our mailing list.

×
0 0 0.00584909339052455 0.00175472801715741 0.00175472801715741 0.0044843049327355 0.00779879118736607 0.00614154806005079
Stock impact report

Returns On Capital At Covenant Logistics Group (NYSE:CVLG) Have Stalled [Yahoo! Finance]

Covenant Logistics Group, Inc. Class A (CVLG) 
Company Research Source: Yahoo! Finance
Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. However, after briefly looking over the numbers, we don't think Covenant Logistics Group NYSE:CVLG ) has the makings of a multi-bagger going forward, but let's have a look at why that may be. Return On Capital Employed (ROCE): What Is It? For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the 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) 0.077 = US$62m ÷ (US$995m - US$188m) (Based on the trailing twelve months to June 2024) So, Covenant Logistics Group has an ROCE of 7. Show less Read more
Impact Snapshot
Event Time:
CVLG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for CVLG alerts
Opt-in for
CVLG alerts

from News Quantified
Opt-in for
CVLG alerts

from News Quantified