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
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CVLG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CVLG alerts
High impacting Covenant Logistics Group, Inc. Class A news events
Weekly update
A roundup of the hottest topics
CVLG
News
- Covenant Logistics CEO sees trucking market rising in 2025 [Yahoo! Finance]Yahoo! Finance
- Covenant Logistics Group's (NYSE:CVLG) Shareholders Have More To Worry About Than Only Soft Earnings [Yahoo! Finance]Yahoo! Finance
- RXO (RXO) To Report Earnings Tomorrow: Here Is What To Expect [Yahoo! Finance]Yahoo! Finance
- U-Haul Earnings: What To Look For From UHAL [Yahoo! Finance]Yahoo! Finance
- Covenant Logistics Group Named 2024 Top Company for Women to Work in Transportation [Yahoo! Finance]Yahoo! Finance
CVLG
Earnings
- 10/23/24 - Beat
CVLG
Sec Filings
- 11/14/24 - Form 4
- 11/13/24 - Form 4
- 11/13/24 - Form SC
- CVLG's page on the SEC website