COVENANT LOGISTICS GROUP, INC. Annual Return On Assets in % from 2012 to 2023

Taxonomy & unit
ratio: %
Description
Return on assets can be defined as an indicator of how profitable a company is relative to its total assets. Calculated by dividing a company's operating earnings by its total assets.
Summary
Covenant Logistics Group, Inc. quarterly/annual Return On Assets history and growth rate from 2012 to 2023.
  • Covenant Logistics Group, Inc. Return On Assets for the quarter ending September 30, 2024 was 4.3 %, a 33.7% decline year-over-year.
  • Covenant Logistics Group, Inc. annual Return On Assets for 2023 was 6.34 %, a 57.5% decline from 2022.
  • Covenant Logistics Group, Inc. annual Return On Assets for 2022 was 14.9 %, a 63.8% increase from 2021.
  • Covenant Logistics Group, Inc. annual Return On Assets for 2021 was 9.11 %.
Return On Assets, Annual (%)
Return On Assets, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date
2023 6.34 -8.57 -57.5% Jan 1, 2023 Dec 31, 2023
2022 14.9 +5.81 +63.8% Jan 1, 2022 Dec 31, 2022
2021 9.11 +14.5 Jan 1, 2021 Dec 31, 2021
2020 -5.38 -6.36 -651% Jan 1, 2020 Dec 31, 2020
2019 0.98 -4.87 -83.2% Jan 1, 2019 Dec 31, 2019
2018 5.85 -2.93 -33.4% Jan 1, 2018 Dec 31, 2018
2017 8.78 +5.96 +211% Jan 1, 2017 Dec 31, 2017
2016 2.82 -4.5 -61.4% Jan 1, 2016 Dec 31, 2016
2015 7.32 +3.66 +99.9% Jan 1, 2015 Dec 31, 2015
2014 3.67 +2.44 +198% Jan 1, 2014 Dec 31, 2014
2013 1.23 -0.26 -17.5% Jan 1, 2013 Dec 31, 2013
2012 1.49 Jan 1, 2012 Dec 31, 2012
* An asterisk sign (*) next to the value indicates that the value is likely invalid.