We study the problem of enumerating answers of Conjunctive Queries ranked according to a given ranking function. Our main contribution is a novel algorithm with small preprocessing time, logarithmic delay, and non-trivial space usage during execution. To allow for efficient enumeration, we exploit certain properties of ranking functions that frequently occur in practice. To this end, we introduce the notions of {\em decomposable} and {\em compatible} (w.r.t. a query decomposition) ranking functions, which allow for partial aggregation of tuple scores in order to efficiently enumerate the output. We complement the algorithmic results with lower bounds that justify why restrictions on the structure of ranking functions are necessary. Our results extend and improve upon a long line of work that has studied ranked enumeration from both a theoretical and practical perspective.