Covenant Logistics Group Accounts Receivables 2011-2026 | CVLG

Accounts receivable — is the amount of money owed to a company by other organizations, individuals, or the government. It arises when a company has already delivered goods, performed work, or provided services, but has not yet received payment for them.

Examples of accounts receivable

Customers have not paid invoices for delivered products
An advance has been paid to a supplier, but goods have not yet been received
Employees have not reported on accountable amounts
The government must refund tax overpayments
Outstanding loans issued

Importance of accounts receivable in company analysis

Asset quality
Accounts receivable are part of current assets. But they are not cash — they are promises. Investors assess how realistic these promises are to be collected. The higher the share of overdue or doubtful receivables, the greater the risk of asset impairment.
Impact on cash flow
Even if a company shows a profit, the money can be "tied up" in receivables. This means profit does not turn into actual cash, and the company may face liquidity shortages.
Assessment of management efficiency
The following accounts receivable turnover ratios are commonly used:
Receivables turnover = Revenue / Average accounts receivable
(the higher — the better)

Days Sales Outstanding (DSO) = 365 / Turnover
(the fewer days — the faster customers pay)

If the DSO is constantly increasing — this is a red flag — customers are delaying payments, and money gets stuck in settlements.

Annual Accounts Receivables Covenant Logistics Group

2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
142 M	142 M	120 M	142 M	91.3 M	81.2 M	97.5 M	104 M	96.6 M	113 M	95.9 M	81.2 M	76.2 M	64.7 M

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
142 M	64.7 M	103 M

Quarterly Accounts Receivables Covenant Logistics Group

2025-Q3	2025-Q2	2025-Q1	2024-Q3	2024-Q2	2024-Q1	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
150 M	152 M	141 M	135 M	145 M	144 M	154 M	143 M	122 M	120 M	133 M	-	136 M	142 M	132 M	120 M	103 M	91.3 M	91.3 M	91.3 M	91.3 M	81.2 M	81.2 M	81.2 M	168 M	97.5 M	151 M	151 M	151 M	104 M	104 M	104 M	104 M	96.6 M	96.6 M	96.6 M	96.6 M	113 M	113 M	113 M	113 M	95.9 M	95.9 M	95.9 M	95.9 M	81.2 M	81.2 M	81.2 M	81.2 M	76.2 M	5.8 M	5.7 M	76.2 M	64.7 M	64.7 M	64.7 M	64.7 M

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
168 M	5.7 M	105 M

Accounts Receivables of other stocks in the Transport logistics industry

Issuer	Accounts Receivables	Price	% 24h	Market Cap	Country
C.H. Robinson Worldwide CHRW	2.36 B	$ 166.1	-1.72 %	$ 20 B	USA
FedEx Corporation FDX	11.4 B	$ 357.0	-0.51 %	$ 86 B	USA
Air Transport Services Group ATSG	208 M	-	0.04 %	$ 1.46 B	USA
ArcBest Corporation ARCB	371 M	$ 103.55	-0.07 %	$ 2.36 B	USA
Global Ship Lease GSL	2.53 M	$ 37.9	-2.65 %	$ 1.36 B	Britain
J.B. Hunt Transport Services JBHT	1.16 B	$ 217.71	0.16 %	$ 21.1 B	USA
Landstar System LSTR	684 M	$ 166.84	0.94 %	$ 5.93 B	USA
Hub Group HUBG	10.9 M	$ 37.02	-0.24 %	$ 2.24 M	USA
Knight-Swift Transportation Holdings KNX	305 M	$ 59.52	-0.38 %	$ 9.65 B	USA
Marten Transport, Ltd. MRTN	90 M	$ 13.64	-0.8 %	$ 1.11 B	USA
Cryoport CYRX	33.4 M	$ 9.21	-0.11 %	$ 461 M	USA
Daseke DSKE	158 M	-	-0.12 %	$ 380 M	USA
Expeditors International of Washington EXPD	2.02 B	$ 144.53	-0.65 %	$ 19.6 B	USA
Forward Air Corporation FWRD	344 M	$ 17.47	0.46 %	$ 537 M	USA
Golden Ocean Group Limited GOGL	22.7 M	-	-	$ 1.6 B	Bermuda
Radiant Logistics RLGT	135 M	$ 7.33	-0.27 %	$ 344 M	USA
Heartland Express HTLD	91.6 M	$ 10.74	0.56 %	$ 846 M	USA
SFL Corporation Ltd. SFL	6.67 M	$ 10.99	0.09 %	$ 1.46 B	Bermuda
United Parcel Service UPS	11.2 B	$ 97.57	0.42 %	$ 82.8 B	USA
MingZhu Logistics Holdings Limited YGMZ	3.65 M	-	-	$ 381 K	China
Werner Enterprises WERN	395 M	$ 30.85	-0.45 %	$ 1.87 B	USA
P.A.M. Transportation Services PTSI	80.6 M	-	1.0 %	$ 425 M	USA
XPO Logistics XPO	1.04 B	$ 200.31	-2.34 %	$ 23.6 B	USA
Saia SAIA	332 M	$ 375.61	0.96 %	$ 10 B	USA
ZTO Express (Cayman) ZTO	746 M	$ 24.81	-0.56 %	$ 20 B	China
Schneider National SNDR	578 M	$ 27.44	0.59 %	$ 4.81 B	USA
Steel Connect STCN	33.4 M	-	-2.33 %	$ 75.7 M	USA
Patriot Transportation Holding PATI	6.13 M	-	-	$ 57.2 M	USA
Universal Logistics Holdings ULH	261 M	$ 21.57	3.7 %	$ 568 M	USA
Yellow Corporation YELL	600 M	-	-29.03 %	$ 56.5 M	USA
USA Truck USAK	64 M	-	0.03 %	$ 286 M	USA
U.S. Xpress Enterprises USX	223 M	-	-	$ 332 M	USA
Air T AIRT	23.9 M	$ 22.19	-3.3 %	$ 61 M	USA
Old Dominion Freight Line ODFL	472 M	$ 198.93	-1.61 %	$ 41.9 B	USA