CVLG (Covenant Logistics Group) Change In Inventory : $-1 Mil (TTM As of Dec. 2024)

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What is Covenant Logistics Group Change In Inventory?

Covenant Logistics Group's change in inventory for the quarter that ended in Dec. 2024 was $0 Mil. It means Covenant Logistics Group's inventory declined by $0 Mil from Sep. 2024 to Dec. 2024 .

Covenant Logistics Group's change in inventory for the fiscal year that ended in Dec. 2024 was $-1 Mil. It means Covenant Logistics Group's inventory increased by $1 Mil from Dec. 2023 to Dec. 2024 .

Covenant Logistics Group's Total Inventories for the quarter that ended in Dec. 2024 was $6 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Covenant Logistics Group's Days Inventory for the quarter that ended in Dec. 2024 was 2.33.

Inventory Turnover measures how fast the company turns over its inventory within a year. Covenant Logistics Group's Inventory Turnover for the quarter that ended in Dec. 2024 was 39.21.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Covenant Logistics Group's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.02.

Covenant Logistics Group Change In Inventory Historical Data

The historical data trend for Covenant Logistics Group's Change In Inventory 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.

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Covenant Logistics Group Change In Inventory Chart

Covenant Logistics Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Change In Inventory

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1.09

-0.20

-0.19

-0.32

-0.80

Covenant Logistics Group Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Change In Inventory	Get a 7-Day Free Trial															-0.28	-0.48	-0.50	0.46	-

Covenant Logistics Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1 Mil.

Covenant Logistics Group (NYSE:CVLG) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Covenant Logistics Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	5.8785	/	230.476	*	365 / 4
	=	2.33

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Covenant Logistics Group's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	230.476	/	5.8785
	=	39.21

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Covenant Logistics Group's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.8785	/	277.331
	=	0.02

Covenant Logistics Group Change In Inventory Related Terms

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Covenant Logistics Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Covenant Logistics Group Inc (NYSE:CVLG) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

CV5:Germany

Address

400 Birmingham Highway, Chattanooga, TN, USA, 37419

Website

https://www.covenantlogistics.com

Covenant Logistics Group Inc together with its wholly-owned subsidiaries offers truckload transportation and freight brokerage services to customers throughout the continental United States. The company's reportable segments include Expedited, Dedicated Services, Managed Freight and Warehousing. Expedited segment provides truckload services to customers with high service freight and delivery standards. Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length. Managed Freight segment includes brokerage services and TMS. Warehousing segment provides day-to-day warehouse management services to customers who have chosen to outsource this function. Majority of revenue is generated from expedited segment.

Executives

Joey B Hogan	officer: Exec Vice President and CFO	400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419
Bradley A Moline	director	610 BROADWAY, IMPERIAL NE 69033
Herbert J Schmidt	director	1950 LAKE RIDGE DRIVE, THE VILLAGES FL 32162
D Michael Kramer	director	P O BOX 868, EVANSVILLE IN 47705-0868
David Ray Parker	director, 10 percent owner, officer: CEO and President	400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419
George S. Yates	officer: SVP - Brokerage	400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419
Samuel F Hough	officer: EVP - Expedited	400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419
Lynn Doster	officer: EVP - Dedicated & Warehousing	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
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
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
Tracy L. Rosser	director	400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419