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Covenant Transportation Group Inc  (CVTI)
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Covenant Transportation Group Inc's ROA per quarter

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


Return On Assets (Sep 30 2019)
III. Quarter
(Jun 30 2019)
II. Quarter
(Dec 31 2018)
IV. Quarter
(Sep 30 2018)
III. Quarter
(Jun 30 2018)
II. Quarter
Y / Y Total Assets Change 23.54 % 29.94 % 19.06 % 14.95 % 18.49 %
Y / Y Net Income Change - 37.45 % -66.53 % 150.73 % 544.12 %
Net Income (TTM) in Millions 31 44 43 75 68
Return On Assets (TTM) 3.79 % 5.69 % 5.85 % 10.83 % 10.18 %
Total Ranking # 1141 # 1091 # # 1113 # 504
Total Assets (TTM) in Millions 902 852 774 747 730
Seq. Total Assets Change 5.88 % 10.08 % 3.48 % 2.42 % 11.37 %
Seq. Net Income Change - -63.21 % 42.08 % 16.48 % 125.74 %


Roa Comment
Covenant Transportation Group Inc yielded Return on Asset in III. Quarter below company average, at 3.79 %.

Return on assets decreased compare to previous quarter, due to detoriation of net income.

Within Transportation sector 34 other companies have achieved higher return on assets. While Return on assets total ranking has deteriorated compare to previous quarter from 1091 to 1141.

What is ROA?
Return On Assets Company Ranking
Within: No.
Industry # 13
Sector # 35
Overall # 1136

Return On Assets Statistics
High Average Low
10.83 %
5.84 %
1.32 %
(Sep 30 2018)   (Jun 30 2017)


Financial Statements
Covenant Transportation Group Inc's Assets $ 902 Millions CVTI's Balance sheet
Covenant Transportation Group Inc's Income $ -3 Millions Quarterly CVTI's Income Statement
CVTI's Income by Division See CVTI's Income by Division



Annual Return On Assets (Dec 31 2018)
FY 2018
(Dec 31 2017)
FY 2017
(Dec 31 2015)
FY 2015
(Dec 31 2014)
FY 2014
(Dec 31 2013)
FY 2013
Y / Y Total Assets Change 19.06 % 0.35 % 16.86 % 18.78 % 16.54 %
Total Assets in Millions 774 650 647 554 466
Y / Y Net Income Change -23.33 % 31.73 % 136.33 % 239.59 % -13.54 %
Net Income in Millions 43 55 42 18 5
Return On Assets 5.49 % 8.53 % 6.5 % 3.21 % 1.12 %




Roa Comment
In the fiscal year 2018 Covenant Transportation Group Inc's ROA decreased compare to previous year to 5.49 %, due to detoriation of net income -23.33 % to $42.50 millions, from $55.44 millions a year ago, as CVTI's assets were $773.52 millions.


More Return On Equity Ratios
Transport & Logistics Industry Return On Asstes Trends and Statistics
Transportation Sector Roa Statistics
Roa Trends for overall market
CVTI's Roa Ratio versus Transport & Logistics Industry, Transportation Sector and overall Market
Highest Ranking Return On Asstes
Lowest Ranking Return On Asstes
Roa for CVTI's Competitors
Roa for Covenant Transportation Group Inc's Suppliers
Return On Asstes for CVTI's Customers

You may also want to know
CVTI's Roi CVTI's Inventory Turnover Ratio CVTI's Growth Rates CVTI's Dividend Comparisons
CVTI's Annual Roi CVTI's Profitability Ratios CVTI's Asset Turnover Ratio CVTI's Dividend Growth
CVTI's Roe CVTI's Valuation Ratios CVTI's Financial Strength Ratios CVTI's Dividend Payout Ratio



Companies with similar Return On Assets at Sep 30 2019, within Transportation Sector ROA
Forward Air Corp  10.17 %
Union Pacific Corporation  10.00 %
Saker Aviation Services, Inc.  9.84 %
United Parcel Service Inc  9.61 %
Heartland Express Inc  9.58 %
Southwest Airlines Co.  9.25 %
Saia Inc  9.13 %
Air T, Inc.  9.05 %
Csx Corporation  8.98 %
Hunt J B Transport Services Inc  8.67 %
Mastercraft Boat Holdings, Inc.  8.17 %
Allegiant Travel Co  7.70 %
Delta Air Lines, Inc.  7.62 %
 hawaiian Holdings inc  7.50 %
Atlas Air Worldwide Holdings Inc  7.47 %
Norfolk Southern Corporation  7.46 %
Royal Caribbean Cruises Ltd  6.71 %
Hub Group, Inc.  6.66 %
Pam Transportation Services Inc  6.48 %
Radiant Logistics, Inc  6.16 %
Norwegian Cruise Line Holdings ltd.  6.13 %
Kansas City Southern  5.98 %
United Airlines Holdings, Inc.  5.67 %
Spirit Airlines, Inc.  5.57 %
Jetblue Airways Corp  5.24 %
Pangaea Logistics Solutions Ltd.  4.60 %
Seacor Holdings Inc  4.19 %
Universal Logistics Holdings, Inc.  4.18 %
Greenbrier Companies Inc  4.01 %
Covenant Transportation Group Inc  3.79 %



             
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