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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 (Mar 31 2020)
I. Quarter
(Dec 31 2019)
IV. Quarter
(Sep 30 2019)
III. Quarter
(Jun 30 2019)
II. Quarter
(Mar 31 2019)
I. Quarter
Y / Y Total Assets Change 9.16 % 13.98 % 20.62 % 16.68 % 27.58 %
Y / Y Net Income Change - -92.96 % - -39.11 % 0.36 %
Net Income (TTM) in Millions 2 8 24 39 43
Return On Assets (TTM) 0.21 % 0.98 % 2.83 % 4.81 % 5.51 %
Total Ranking # 2057 # 2525 # 1660 # 1295 # 1134
Total Assets (TTM) in Millions 913 882 902 852 836
Seq. Total Assets Change 3.52 % -2.21 % 5.88 % 1.85 % 8.09 %
Seq. Net Income Change - -136.44 % - 36.95 % -73.13 %


Roa Comment
Covenant Transportation Group Inc yielded Return on Asset in I. Quarter below company average, at 0.21 %.

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

Within Transportation sector 47 other companies have achieved higher return on assets. While Return on assets total ranking has impoved so far to 2057, from total ranking in previous quarter at 2525.

What is ROA?
Return On Assets Company Ranking
Within: No.
Industry # 21
Sector # 48
Overall # 2045

Return On Assets Statistics
High Average Low
10.83 %
5.24 %
0.21 %
(Sep 30 2018)   (Mar 31 2020)


Financial Statements
Covenant Transportation Group Inc's Assets $ 913 Millions CVTI's Balance sheet
Covenant Transportation Group Inc's Income $ -2 Millions Quarterly CVTI's Income Statement
CVTI's Income by Division See CVTI's Income by Division



Annual Return On Assets (Dec 31 2019)
FY 2019
(Dec 31 2018)
FY 2018
(Dec 31 2017)
FY 2017
(Dec 31 2015)
FY 2015
(Dec 31 2014)
FY 2014
Y / Y Total Assets Change 13.98 % 19.06 % 0.35 % 16.86 % 18.78 %
Total Assets in Millions 882 774 650 647 554
Y / Y Net Income Change -80.06 % -23.33 % 31.73 % 136.33 % 239.59 %
Net Income in Millions 8 43 55 42 18
Return On Assets 0.96 % 5.49 % 8.53 % 6.5 % 3.21 %




Roa Comment
In the fiscal year 2019 Covenant Transportation Group Inc's ROA decreased compare to previous year to 0.96 %, due to detoriation of net income -80.06 % to $8.48 millions, from $42.50 millions a year ago, as CVTI's assets were $881.64 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 Mar 31 2020, within Transportation Sector ROA
Covenant Transportation Group Inc  0.21 %



       
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