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.
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News
- Covenant Logistics' Abby Hamm Named Recipient of 2024 Women in Supply Chain Award [Yahoo! Finance]Yahoo! Finance
- Covenant Logistics’ Abby Hamm Named Recipient of 2024 Women in Supply Chain AwardGlobeNewswire
- Q2 Earnings Outperformers: Covenant Logistics (NASDAQ:CVLG) And The Rest Of The Ground Transportation Stocks [Yahoo! Finance]Yahoo! Finance
- Covenant Logistics Group (NYSE:CVLG) Has Announced A Dividend Of $0.11 [Yahoo! Finance]Yahoo! Finance
- Covenant Logistics Group Announces Quarterly Cash DividendGlobeNewswire
CVLG
Earnings
- 7/24/24 - Beat
CVLG
Sec Filings
- 8/19/24 - Form 8-K
- 8/5/24 - Form 25
- 8/2/24 - Form 10-Q
- CVLG's page on the SEC website