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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 (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 Receivable Change 23.51 % 11.07 % 24.07 % 53.68 % 64.52 %
Y / Y Revenue Change -2.57 % -14.37 % -8.38 % 11.71 % 26.28 %
Receivable Turnover Ratio (TTM) 5.18 5.51 5.9 6.36 6.83
Total Ranking # 764 # 961 # 2150 # 842 # 0
Average receivable collection period 70 66 62 57 53
Seq. Receivable Change 14.78 % 0.23 % 5.73 % 1.55 % 3.22 %
Seq. Revenue Change -8.4 % 4.59 % 1.65 % 0.05 % -19.5 %


Receivable Turnover Ratio Comment
Covenant Transportation Group Inc's ability to collect accounts receivable sequentially detoriated to 5.18, but remained above company average. Covenant Transportation Group Inc's Average receivable collection period in the Mar 31 2020 quarter, has increased to 70 days, from 66 days, in the Dec 31 2019 quarter.

Within Transportation sector 28 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 # 23
Transportation Sector # 29
Overall Market # 764

Receivable Turnover Ratio Statistics
High Average Low
1.47 1.19 1
(Dec. 30, 2014)   (Mar 31 2020)





Financial Statements
Covenant Transportation Group Inc's Accounts Receivable $ 193 Millions Visit CVTI's Balance sheet
Covenant Transportation Group Inc's Sales TTM $ 889 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 Mar 31 2020, within Transportation Sector Receivable Turnover Ratio Revenues for 12 Months ending Mar 31 2020 Receivable at quarter ending Mar 31 2020
Norfolk Southern Corporation  11.60 $ 11,081.000  Millions$ 955.250  Millions
Hunt J B Transport Services Inc  11.34 $ 9,356.457  Millions$ 824.948  Millions
Csx Corporation  11.20 $ 11,779.000  Millions$ 1,051.500  Millions
Saker Aviation Services Inc   11.03 $ 11.169  Millions$ 1.013  Millions
Canadian Pacific Railway Ltd  10.69 $ 6,664.234  Millions$ 623.333  Millions
Heartland Express Inc  10.51 $ 623.597  Millions$ 59.336  Millions
Kansas City Southern  10.50 $ 2,922.900  Millions$ 278.425  Millions
Matson inc   10.14 $ 2,184.600  Millions$ 215.400  Millions
Air Transport Services Group Inc   10.05 $ 1,493.277  Millions$ 148.571  Millions
Diamond S Shipping Inc   9.97 $ 686.853  Millions$ 68.907  Millions
Trinity Industries Inc  9.93 $ 3,015.500  Millions$ 303.575  Millions
Atlas Air Worldwide Holdings Inc   9.88 $ 2,703.008  Millions$ 273.641  Millions
Arcbest Corporation  9.77 $ 2,977.870  Millions$ 304.942  Millions
Yrc Worldwide Inc   9.48 $ 4,839.300  Millions$ 510.650  Millions
Forward Air Corp  9.45 $ 1,431.432  Millions$ 151.410  Millions
The Greenbrier Companies Inc   9.42 $ 3,163.604  Millions$ 335.946  Millions
Marten Transport Ltd  8.96 $ 862.894  Millions$ 96.340  Millions
Knight swift Transportation Holdings Inc   8.62 $ 4,764.213  Millions$ 552.936  Millions
Us Xpress Enterprises Inc  8.44 $ 1,724.566  Millions$ 204.275  Millions
Saia Inc   8.41 $ 1,822.547  Millions$ 216.722  Millions
Providence Service Corp  8.36 $ 1,509.420  Millions$ 180.545  Millions
Radiant Logistics Inc  8.30 $ 784.339  Millions$ 94.551  Millions
Hub Group Inc   8.06 $ 3,573.978  Millions$ 443.451  Millions
Schneider National Inc   8.01 $ 4,672.000  Millions$ 583.125  Millions
Pam Transportation Services Inc  7.59 $ 514.646  Millions$ 67.843  Millions
C h Robinson Worldwide Inc   7.46 $ 15,363.306  Millions$ 2,060.422  Millions
Fedex Corp  7.44 $ 69,666.000  Millions$ 9,365.000  Millions
Westinghouse Air Brake Technologiescorp  7.17 $ 8,536.283  Millions$ 1,189.888  Millions
United Parcel Service Inc   7.08 $ 74,969.000  Millions$ 10,581.750  Millions
Echo Global Logistics inc   6.95 $ 2,197.943  Millions$ 316.268  Millions


       
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