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

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


Return On Equity (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 Equity Change -5.53 % 2.03 % 6.83 % 12.16 % -
Y / Y Net Income Change - -92.96 % - -39.11 % 0.36 %
Net Income (TTM) in Millions 2 8 24 39 43
Return On Equity (TTM) 0.53 % 2.43 % 6.85 % 11.29 % 12.78 %
Total Ranking # 2077 # 2495 # 1585 # 1059 # 0
Equity (TTM) in Millions 328 350 348 352 348
Seq. Equity Change -6.17 % 0.48 % -0.92 % 1.14 % 1.34 %
Seq. Net Income Change - -136.44 % - 36.95 % -73.13 %


Roe Comment
Covenant Transportation Group Inc returned in I. Quarter 0.53 % on shareholder's equity, that was lower than company average return on equity.

ROE decreased compare to previous quarter, due to detoriation of net income.

Within Transportation sector 48 other companies have achieved higher return on equity. While Return on equity total ranking has impoved so far to 2091, from total ranking in previous quarter at 2533.

What is ROE?
Return On Equity Company Ranking
Within: No.
Industry # 22
Sector # 49
Overall # 2077

Return On Equity Statistics
High Average Low
24.36 %
14.16 %
0.53 %
(Sep 30 2018)   (Mar 31 2020)


Annual Return On Equity (Dec 31 2019)
2019
(Dec 31 2018)
2018
(Dec 31 2017)
2017
(Dec 31 2015)
2015
(Dec 31 2014)
2014
Total Equity in Millions 350 343 295 202 169
Y / Y Equity Change 2.03 % 16.24 % 46.02 % 19.48 % 68.6 %
Net Income in Millions 8 43 55 42 18
Y / Y Net Income Change -80.06 % -23.33 % 31.73 % 136.33 % 239.59 %
Return On Equity 2.42 % 12.39 % 18.78 % 20.82 % 10.52 %





Annual Roe Comment
In 2019 ROE decreased compare to previous year to 2.42 %, due to detoriation of net income.


Financial Statements
Covenant Transportation Group Inc's Equity $ 328 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

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

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



Companies with similar Return On Equity at Mar 31 2020, within Transportation Sector ROE
International Seaways Inc   1.23 %
Covenant Transportation Group Inc  0.53 %



       
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