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American Public Education (American Public Education) ROE % : 18.16% (As of Dec. 2023)


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What is American Public Education ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. American Public Education's annualized net income for the quarter that ended in Dec. 2023 was $52.1 Mil. American Public Education's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $286.7 Mil. Therefore, American Public Education's annualized ROE % for the quarter that ended in Dec. 2023 was 18.16%.

The historical rank and industry rank for American Public Education's ROE % or its related term are showing as below:

APEI' s ROE % Range Over the Past 10 Years
Min: -30.05   Med: 6.93   Max: 18.53
Current: -15.24

During the past 13 years, American Public Education's highest ROE % was 18.53%. The lowest was -30.05%. And the median was 6.93%.

APEI's ROE % is ranked worse than
85.16% of 256 companies
in the Education industry
Industry Median: 5.93 vs APEI: -15.24

American Public Education ROE % Historical Data

The historical data trend for American Public Education's ROE % 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.

* Premium members only.

American Public Education ROE % Chart

American Public Education Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.24 6.24 4.91 -30.05 -14.74

American Public Education Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROE % 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 -7.86 -6.63 -65.29 -4.70 18.16

Competitive Comparison of American Public Education's ROE %

For the Education & Training Services subindustry, American Public Education's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


American Public Education's ROE % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, American Public Education's ROE % distribution charts can be found below:

* The bar in red indicates where American Public Education's ROE % falls into.



American Public Education ROE % Calculation

American Public Education's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=-47.286/( (349.727+291.976)/ 2 )
=-47.286/320.8515
=-14.74 %

American Public Education's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=52.056/( (281.39+291.976)/ 2 )
=52.056/286.683
=18.16 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


American Public Education  (NAS:APEI) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=52.056/286.683
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(52.056 / 611.216)*(611.216 / 556.3285)*(556.3285 / 286.683)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.52 %*1.0987*1.9406
=ROA %*Equity Multiplier
=9.36 %*1.9406
=18.16 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=52.056/286.683
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (52.056 / 60.564) * (60.564 / 75.576) * (75.576 / 611.216) * (611.216 / 556.3285) * (556.3285 / 286.683)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8595 * 0.8014 * 12.36 % * 1.0987 * 1.9406
=18.16 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


American Public Education ROE % Related Terms

Thank you for viewing the detailed overview of American Public Education's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


American Public Education (American Public Education) Business Description

Traded in Other Exchanges
N/A
Address
111 West Congress Street, Charles Town, WV, USA, 25414
American Public Education Inc provides online and on-campus postsecondary education including various undergraduate and graduate degree programs. The fields of study include business administration, health science, technology, criminal justice, education, liberal arts, national security, military studies, intelligence, and homeland security. There are three reporting segments: the American Public Education segment which is the key revenue generator; the Rasmussen University Segment and the Hondros College of Nursing segment. The revenue is generated from net course registrations and enrollment, tuition rate, net tuition, and other fees.
Executives
Barbara Kurshan director C/O AMERICAN PUBLIC EDUCATION, 111 W. CONGRESS STREET, CHARLES TOWN WV 25414
Craig S Macgibbon officer: EVP, Chief Information Officer C/O UIL HOLDINGS CORPORATION, 157 CHURCH STREET, NEW HAVEN CT 06506
Thomas Beckett officer: SVP, General Counsel 111 W. CONGRESS STREET, CHARLES TOWN WV 25414
Paula R Singer officer: Acting President, Rasmussen C/O AMERICAN PUBLIC EDUCATION, INC., 111 WEST CONGRESS STREET, CHARLES TOWN WV 25414
325 Master Fund Lp other: See Footnotes 757 THIRD AVENUE, 20TH FLOOR, NEW YORK NY 10017
Daniel M. Friedberg other: See Footnotes C/O SAGARD CAPITAL, 325 GREENWICH AVENUE, GREENWICH CT 06830
325 Capital Llc other: See Footnotes 757 THIRD AVENUE, 20TH FLOOR, NEW YORK NY 10017
Michael David Braner director, other: See Footnotes 200 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10016
Anil K Shrivastava other: See Footnotes 200 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10016
325 Capital Gp, Llc other: See Footnotes 757 THIRD AVENUE, 20TH FLOOR, NEW YORK NY 10017
Robinson William G Jr director 3150 SABRE DRIVE, SOUTHLAKE TX 76092
Granetta B. Blevins director C/O AMERICAN PUBLIC EDUCATION, INC., 111 WEST CONGRESS STREET, CHARLES TOWN WV 25414
Harry T Wilkins officer: EVP, Strategy, Growth & Innov. 111 W. CONGRESS STREET, CHARLES TOWN WV 25414
Anna M. Fabrega director C/O AMERICAN PUBLIC EDUCATION, INC., 111 WEST CONGRESS STREET, CHARLES TOWN WV 25414
Eric C. Andersen director C/O AMERICAN PUBLIC EDUCATION, INC., 111 W. CONGRESS STREET, CHARLES TOWN WV 25414