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Capex-to-Revenue measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue.
Covenant Logistics Group's Capital Expenditure for the three months ended in Mar. 2024 was $-48.36 Mil. Its Revenue for the three months ended in Mar. 2024 was $278.76 Mil.
Hence, Covenant Logistics Group's Capex-to-Revenue for the three months ended in Mar. 2024 was 0.17.
The historical data trend for Covenant Logistics Group's Capex-to-Revenue can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Covenant Logistics Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Capex-to-Revenue | Get a 7-Day Free Trial |
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0.16 | 0.11 | 0.03 | 0.08 | 0.20 |
Covenant Logistics Group Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Capex-to-Revenue | Get a 7-Day Free Trial |
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0.06 | 0.16 | 0.18 | 0.39 | 0.17 |
For the Trucking subindustry, Covenant Logistics Group's Capex-to-Revenue, along with its competitors' market caps and Capex-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Transportation industry and Industrials sector, Covenant Logistics Group's Capex-to-Revenue distribution charts can be found below:
* The bar in red indicates where Covenant Logistics Group's Capex-to-Revenue falls into.
Covenant Logistics Group's Capex-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
Capex-to-Revenue | = | - Capital Expenditure | / | Revenue |
= | - (-217.607) | / | 1103.573 | |
= | 0.20 |
Covenant Logistics Group's Capex-to-Revenue for the quarter that ended in Mar. 2024 is calculated as
Capex-to-Revenue | = | - Capital Expenditure | / | Revenue |
= | - (-48.362) | / | 278.763 | |
= | 0.17 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Covenant Logistics Group (NAS:CVLG) Capex-to-Revenue Explanation
Capex-to-Revenue measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue. The ratio shows how aggressively the company reinvests its revenue back into productive assets. However, a high ratio potentially indicates that the company has invested too much in innovation and infrastructure, taking up funds that could be used to boost productivity and increase revenue. Therefore, a high Capex to Revenue Ratio could be a positive or a negative sign depending on how effectively a company converts those investments into future earnings.
Thank you for viewing the detailed overview of Covenant Logistics Group's Capex-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Joey B Hogan | officer: Exec Vice President and CFO | 400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419 |
Wesley Miller Welborn | director | 6401 LEE HIGHWAY, STE B, CHATTANOOGA TN 37421 |
Benjamin Sr Carson | director | PO BOX 3599, BATTLE CREEK MI 49016-3599 |
Samuel F Hough | officer: EVP - Expedited | 400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419 |
Lynn Doster | officer: EVP - Dedicated & Warehousing | 400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419 |
Paul Bunn | officer: President, COO, and Secretary | COVENANT TRANSPORTATION GROUP, INC., 400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419 |
Rachel Parker-hatchett | director | 400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419 |
Herbert J Schmidt | director | 1950 LAKE RIDGE DRIVE, THE VILLAGES FL 32162 |
Grant James S Iii | officer: EVP and CFO | 400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419 |
Joey Ballard | officer: EVP, People and Safety | 400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419 |
D Michael Kramer | director | P O BOX 868, EVANSVILLE IN 47705-0868 |
George S. Yates | officer: SVP - Brokerage | 400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419 |
Tracy L. Rosser | director | 400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419 |
Bradley A Moline | director | 610 BROADWAY, IMPERIAL NE 69033 |
Robert E Bosworth | director | LIVINGSTON COMPANY & SOUTHPORT CAPITAL, ONE UNION SQUARE, SUITE 300, CHATTANOOGA TN 37402 |
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