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Covenant Transportation Group Inc  (CVTI)
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Covenant Transportation Group Inc Accounts Receivables Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics




CVTI Receivables Turnover Ratio (Dec 31 2018)
IV. Quarter
(Sep 30 2018)
III. Quarter
(Jun 30 2018)
II. Quarter
(Mar 31 2018)
I. Quarter
(Dec 31 2017)
IV. Quarter
Y / Y Receivable Change 45.07 % 46.63 % 26.04 % 28.97 % 43.93 %
Y / Y Revenue Change 33.92 % 36.2 % 19.47 % 9.34 % 23.59 %
Receivable Turnover Ratio (TTM) 7.32 7.47 7.63 7.72 8.02
Total Ranking # 1004 # 1874 # 1893 # 1462 # 1080
Average receivable collection period 50 49 48 47 45
Seq. Receivable Change 11.96 % 30.96 % 8.71 % -8.99 % 13.16 %
Seq. Revenue Change 11.9 % 23.93 % 13.11 % -14.63 % 13.81 %


Receivable Turnover Ratio Comment
Covenant Transportation Group Inc's ability to collect accounts receivable sequentially detoriated to 7.32, but remained above company average. Covenant Transportation Group Inc's Average receivable collection period in the Dec 31 2018 quarter, has increased to 50 days, from 49 days, in the Sep 30 2018 quarter.

Within Transportation sector 29 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio remained unchanged compare to previous quarter at no. .

What is Receivable Turnover Ratio?
What is Covenant Transportation Group Inc Selling?
Receivable Turnover Company Ranking
Within: No.
Transport & Logistics Industry # 24
Transportation Sector # 30
Overall Market # 1004

Receivable Turnover Ratio Statistics
High Average Low
1.47 1.21 1.07
(Dec. 30, 2014)   (Jun 30 2017)





Financial Statements
Covenant Transportation Group Inc's Accounts Receivable $ 151 Millions Visit CVTI's Balance sheet
Covenant Transportation Group Inc's Sales TTM $ 885 Millions Visit CVTI's Income Statement
Where are CVTI's Sales coming from? Visit CVTI's Sales by Geography

Other Accounts Receivable Turnover Ratios
Transport & Logistics Industry Accounts Receivable Turnover Trends and Statistics
Transportation Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
CVTI's Receivable Turnover Ratio versus Transport & Logistics Industry, Transportation Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for CVTI's Competitors
Receivables Turnover Ratio for CVTI's Suppliers
Accounts Receivables Turnover Ratio for CVTI's Customers

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



Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2018, within Transportation Sector Receivable Turnover Ratio Revenues for 12 Months ending Dec 31 2018 Receivable at quarter ending Dec 31 2018
Pangaea Logistics Solutions Ltd.  15.48 $ 369.101  Millions$ 23.843  Millions
Patriot Transportation Holding, Inc.  15.31 $ 114.218  Millions$ 7.462  Millions
Navigator Holdings Ltd.  14.25 $ 310.046  Millions$ 21.764  Millions
Usd Partners Lp  13.75 $ 119.226  Millions$ 8.674  Millions
Teekay Tankers Ltd.  13.25 $ 755.763  Millions$ 57.028  Millions
Freightcar America, Inc.  13.19 $ 316.519  Millions$ 24.002  Millions
Corporacion America Airports S.a.  12.20 $ 1,426.145  Millions$ 116.897  Millions
Frontline Ltd  12.00 $ 742.266  Millions$ 61.877  Millions
Csx Corp  11.72 $ 12,250.000  Millions$ 1,045.250  Millions
Euroseas Ltd.  11.51 $ 34.425  Millions$ 2.990  Millions
Atlas Air Worldwide Holdings Inc  11.39 $ 2,677.724  Millions$ 235.064  Millions
Norfolk Southern Corp  11.29 $ 11,458.000  Millions$ 1,015.000  Millions
Golden Ocean Group Ltd  11.25 $ 656.070  Millions$ 58.307  Millions
Pyxis Tankers Inc.  11.01 $ 28.457  Millions$ 2.585  Millions
Air T Inc  10.88 $ 227.290  Millions$ 20.882  Millions
Hunt J B Transport Services Inc  10.47 $ 8,614.874  Millions$ 822.669  Millions
Knight-swift Transportation Holdings Inc.  10.04 $ 6,181.878  Millions$ 615.838  Millions
Heartland Express Inc  10.01 $ 610.803  Millions$ 61.029  Millions
Matson, Inc.  9.93 $ 2,222.800  Millions$ 223.800  Millions
Kansas City Southern  9.92 $ 2,714.000  Millions$ 273.600  Millions
Yrc Worldwide Inc.  9.70 $ 5,092.000  Millions$ 525.000  Millions
Arcbest Corp  9.68 $ 3,060.229  Millions$ 316.149  Millions
Tsakos Energy Navigation Ltd  9.42 $ 529.879  Millions$ 56.274  Millions
Ship Finance International Ltd  9.36 $ 418.712  Millions$ 44.747  Millions
United Parcel Service Inc  8.88 $ 71,861.000  Millions$ 8,090.250  Millions
Old Dominion Freight Line Inc  8.82 $ 4,043.695  Millions$ 458.305  Millions
Marten Transport Ltd  8.76 $ 787.594  Millions$ 89.939  Millions
Forward Air Corp  8.76 $ 1,320.886  Millions$ 150.852  Millions
Saia Inc  8.55 $ 1,653.849  Millions$ 193.373  Millions
Schneider National, Inc.  8.40 $ 4,977.000  Millions$ 592.525  Millions


             
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