Covenant Logistics Group (FRA:CV5) Inventory Turnover: 40.01 (As of Mar. 2026)


FRA:CV5 Covenant Logistics Group Inc FRA:CV5
68 GF Score
Price €37.80
GF Value €23.26
! 10 Warning Signs
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What is Covenant Logistics Group Inventory Turnover?

Covenant Logistics Group FRA:CV5 -1.56% 68 Inventory Turnover is 40.01 as of Mar. 2026. GuruFocus rates FRA:CV5 with a GF Score™ of 68/100 and a GF Value™ of €23.26. The stock has 10 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Covenant Logistics Group's Cost of Goods Sold for the three months ended in Mar. 2026 was €232 Mil. Covenant Logistics Group's Average Total Inventories for the quarter that ended in Mar. 2026 was €6 Mil. Covenant Logistics Group's Inventory Turnover for the quarter that ended in Mar. 2026 was 40.01.

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 three months ended in Mar. 2026 was 2.28.

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 Mar. 2026 was 0.02.

Covenant Logistics Group  (FRA:CV5) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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 three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=5.809/232.402*365 / 4
=2.28

2. 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 Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=5.809 / 265.694
=0.02

* 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.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Covenant Logistics Group Inventory Turnover Related Terms

Covenant Logistics Group Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Covenant Logistics Group's Inventory Turnover 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 Inventory Turnover Chart

Covenant Logistics Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 288.96 310.91 221.87 182.81 157.14

Covenant Logistics Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.16 45.16 43.76 41.45 40.01
FRA:CV5
68GF Score
Covenant Logistics Group Inc FRA:CV5
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Covenant Logistics Group Inventory Turnover Calculation

Covenant Logistics Group's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Inventory Turnover (A: Dec. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2025 ) / ((Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count )
=849.337 / ((5.394 + 5.416) / 2 )
=849.337 / 5.405
=157.14

Covenant Logistics Group's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=232.402 / ((5.416 + 6.202) / 2 )
=232.402 / 5.809
=40.01

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 40.01 mean?
Covenant Logistics Group (FRA:CV5) has a Inventory Turnover of 40.01 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Covenant Logistics Group and its competitors.
Is Covenant Logistics Group's Inventory Turnover too high?
Covenant Logistics Group's current Inventory Turnover is 40.01. Overall, Covenant Logistics Group has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Covenant Logistics Group's Inventory Turnover compare to HTLD and MRTN?
Covenant Logistics Group's Inventory Turnover of 40.01 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Transportation company?
A good Inventory Turnover depends on the Transportation industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Covenant Logistics Group and its competitors. Covenant Logistics Group's current Inventory Turnover is 40.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Covenant Logistics Group stock overvalued right now?
Covenant Logistics Group (FRA:CV5) has a current Inventory Turnover of 40.01. The stock's GF Value™ is €23.26, compared to a current price of €37.80 — trading 62.5% above its estimated fair value. The current Inventory Turnover is 40.01. Covenant Logistics Group's overall GF Score™ is 68/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Covenant Logistics Group (FRA:CV5), the current Inventory Turnover is 40.01 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Covenant Logistics Group (FRA:CV5) Overvalued in 2026?

Based on GuruFocus' analysis, Covenant Logistics Group stock appears to be overvalued. The current stock price of €37.80 is trading 62.5% above its estimated GF Value™ of €23.26.

Key valuation signals for FRA:CV5:

  • Inventory Turnover: 40.01
  • GF Value™: €23.26 vs. price of €37.80 (62.5% above fair value)
  • GF Score™: 68/100 with 10 warning signs

No single metric tells the full story. See the FRA:CV5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Covenant Logistics Group Business Description

Other Exchanges CVLG:USA
Address 400 Birmingham Highway, Chattanooga, TN, USA, 37419
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. The 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. The Managed Freight segment includes brokerage services and TMS. The warehousing segment provides day-to-day warehouse management services to customers who have chosen to outsource this function.
68GF Score

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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€37.80
Price
€23.26
GF Value