Covenant Logistics Group, Inc. (CVLG) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Covenant Logistics Group, Inc. (CVLG) has a cash flow conversion efficiency ratio of 0.098x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($41.36 Million) by net assets ($423.72 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See Covenant Logistics Group, Inc. defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Covenant Logistics Group, Inc. - Cash Flow Conversion Efficiency Trend (1994–2024)
This chart illustrates how Covenant Logistics Group, Inc.'s cash flow conversion efficiency has evolved over time, based on yearly financial data.
Covenant Logistics Group, Inc. Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Covenant Logistics Group, Inc. ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Wuhan DDMC Culture Co Ltd
SHG:600136
|
-0.085x |
|
Guangdong Songyang Recycle Resources Co Ltd
SHG:603863
|
-0.018x |
|
Axis Bank Ltd GDR
IL:AXB
|
N/A |
|
Pubmatic Inc
NASDAQ:PUBM
|
0.069x |
|
Jiangsu Lianfa Textile Co Ltd
SHE:002394
|
-0.002x |
|
Chengdu Tianjian Technology Co Ltd
SHE:002977
|
-0.056x |
|
Hap Seng Plantations Holdings Bhd
KLSE:5138
|
0.001x |
|
Binh Minh Plastics JSC
VN:BMP
|
0.139x |
Annual Cash Flow Conversion Efficiency for Covenant Logistics Group, Inc. (1994–2024)
The table below shows the annual cash flow conversion efficiency of Covenant Logistics Group, Inc. from 1994 to 2024. For the full company profile with market capitalisation and key ratios, see Covenant Logistics Group, Inc. market cap and net worth.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $438.34 Million | $122.89 Million | 0.280x | +33.31% |
| 2023-12-31 | $403.42 Million | $84.84 Million | 0.210x | -50.19% |
| 2022-12-31 | $377.13 Million | $159.23 Million | 0.422x | +101.66% |
| 2021-12-31 | $349.70 Million | $73.22 Million | 0.209x | -3.47% |
| 2020-12-31 | $290.64 Million | $63.04 Million | 0.217x | +18.60% |
| 2019-12-31 | $350.11 Million | $64.03 Million | 0.183x | -49.71% |
| 2018-12-31 | $343.14 Million | $124.80 Million | 0.364x | +29.58% |
| 2017-12-31 | $295.20 Million | $82.85 Million | 0.281x | -35.22% |
| 2016-12-31 | $236.41 Million | $102.43 Million | 0.433x | +2.47% |
| 2015-12-31 | $202.16 Million | $85.48 Million | 0.423x | -2.99% |
| 2014-12-31 | $169.20 Million | $73.74 Million | 0.436x | +8.15% |
| 2013-12-31 | $100.36 Million | $40.45 Million | 0.403x | -30.76% |
| 2012-12-31 | $94.67 Million | $55.10 Million | 0.582x | +58.03% |
| 2011-12-31 | $87.06 Million | $32.06 Million | 0.368x | -47.65% |
| 2010-12-31 | $100.70 Million | $70.84 Million | 0.703x | +115.55% |
| 2009-12-31 | $94.67 Million | $30.90 Million | 0.326x | -3.80% |
| 2008-12-31 | $118.82 Million | $40.31 Million | 0.339x | +73.30% |
| 2007-12-31 | $172.27 Million | $33.72 Million | 0.196x | -39.06% |
| 2006-12-31 | $188.84 Million | $60.66 Million | 0.321x | +138.32% |
| 2005-12-31 | $189.72 Million | $25.57 Million | 0.135x | -40.20% |
| 2004-12-31 | $195.70 Million | $44.11 Million | 0.225x | -9.23% |
| 2003-12-31 | $192.14 Million | $47.72 Million | 0.248x | -35.08% |
| 2002-12-31 | $175.59 Million | $67.17 Million | 0.383x | -16.04% |
| 2001-12-31 | $161.90 Million | $73.76 Million | 0.456x | +57.13% |
| 2000-12-31 | $167.82 Million | $48.66 Million | 0.290x | +6.80% |
| 1999-12-31 | $163.85 Million | $44.48 Million | 0.271x | -3.71% |
| 1998-12-31 | $141.52 Million | $39.90 Million | 0.282x | -40.43% |
| 1997-12-31 | $95.60 Million | $45.25 Million | 0.473x | -1.13% |
| 1996-12-31 | $81.73 Million | $39.13 Million | 0.479x | +234.05% |
| 1995-12-31 | $63.50 Million | $9.10 Million | 0.143x | -40.91% |
| 1994-12-31 | $63.50 Million | $15.40 Million | 0.243x | -- |
About Covenant Logistics Group, Inc.
Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. Th… Read more