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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Aspen Group's annualized net income for the quarter that ended in Jan. 2023 was $-6.22 Mil. Aspen Group's average Total Stockholders Equity over the quarter that ended in Jan. 2023 was $36.51 Mil. Therefore, Aspen Group's annualized ROE % for the quarter that ended in Jan. 2023 was -17.04%.
The historical rank and industry rank for Aspen Group's ROE % or its related term are showing as below:
The historical data trend for Aspen Group'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.
Aspen Group Annual Data | |||||||||||||||||||||
Trend | Feb12 | Apr14 | Apr15 | Apr16 | Apr17 | Apr18 | Apr19 | Apr20 | Apr21 | Apr22 | |||||||||||
ROE % | Get a 7-Day Free Trial | -33.97 | -30.83 | -16.59 | -23.01 | -20.92 |
Aspen Group Quarterly Data | ||||||||||||||||||||
Apr18 | Jul18 | Oct18 | Jan19 | Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | |
ROE % | Get a 7-Day Free Trial | -32.89 | -19.69 | -36.50 | -24.16 | -17.04 |
For the Education & Training Services subindustry, Aspen Group'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.
For the Education industry and Consumer Defensive sector, Aspen Group's ROE % distribution charts can be found below:
* The bar in red indicates where Aspen Group's ROE % falls into.
Aspen Group's annualized ROE % for the fiscal year that ended in Apr. 2022 is calculated as
ROE % | = | Net Income (A: Apr. 2022 ) | / | ( (Total Stockholders Equity (A: Apr. 2021 ) | + | Total Stockholders Equity (A: Apr. 2022 )) | / count ) |
= | -9.586 | / | ( (49.09 | + | 42.546) | / 2 ) | |
= | -9.586 | / | 45.818 | ||||
= | -20.92 % |
Aspen Group's annualized ROE % for the quarter that ended in Jan. 2023 is calculated as
ROE % | = | Net Income (Q: Jan. 2023 ) | / | ( (Total Stockholders Equity (Q: Oct. 2022 ) | + | Total Stockholders Equity (Q: Jan. 2023 )) | / count ) |
= | -6.22 | / | ( (37.09 | + | 35.936) | / 2 ) | |
= | -6.22 | / | 36.513 | ||||
= | -17.04 % |
* 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 (Jan. 2023) net income data. ROE % is displayed in the 30-year financial page.
Aspen Group (OTCPK:ASPU) 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: Jan. 2023 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -6.22 | / | 36.513 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-6.22 / 62.296) | * | (62.296 / 89.472) | * | (89.472 / 36.513) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -9.98 % | * | 0.6963 | * | 2.4504 |
= | ROA % | * | Equity Multiplier | ||
= | -6.95 % | * | 2.4504 | ||
= | -17.04 % |
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: Jan. 2023 ) | ||||||||
= | Net Income | / | Total Stockholders Equity | ||||||
= | -6.22 | / | 36.513 | ||||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Operating Income) | * | (Operating Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-6.22 / -6.072) | * | (-6.072 / -1.456) | * | (-1.456 / 62.296) | * | (62.296 / 89.472) | * | (89.472 / 36.513) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 1.0244 | * | 4.1703 | * | -2.34 % | * | 0.6963 | * | 2.4504 |
= | -17.04 % |
Note: The net income data used here is four times the quarterly (Jan. 2023) net income data. The Revenue data used here is four times the quarterly (Jan. 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.
Thank you for viewing the detailed overview of Aspen Group's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael L Koehneman | director | 276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001 |
Douglas Kass | director | C/O EMPIRE RESOURCES, INC., ONE PARKER PLAZA, FORT LEE NJ 07024 |
Matthew Lavay | officer: Chief Financial Officer | C/O ELLIE MAE, INC., 4420 ROSEWOOD DRIVE, 5TH FL, PLEASANTON CA 94588 |
Cheri St. Arnauld | officer: Chief Academic Officer | 720 SOUTH COLORADO BOULEVARD, SUITE 1150N, DENVER CO 80246 |
Michael Mathews | director, officer: Chief Executive Officer | 257 PARK AVENUE SOUTH, SUITE 602, NEW YORK NY 10010 |
Robert Alessi | officer: Chief Accounting Officer | 276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001 |
Joan Marie Prince | director | 276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001 |
Gerard Wendolowski | officer: Chief Operating Officer | 720 SOUTH COLORADO BOULEVARD, SUITE 1150N, DENVER CO 80246 |
C James Jensen | director | C/O ASPEN GROUP, INC., 276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001 |
Frank J Cotroneo | director | 4400 MAIN ST, KANSAS CITY MO 64111 |
Anne M Mcnamara | officer: Chief Nursing Officer | 276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001 |
Sanford Rich | director | 26 BEACH DRIVE, DARIEN CT 06820 |
Maclean Malcolm F Iv | director | C/O ASPEN GROUP, INC., 1660 SOUTH ALBION STREET, SUITE 525, DENVER CO 80222 |
Joseph L. Sevely | officer: Chief Financial Officer | 276 FIFTH AVENUE, SUITE 306, NEW YORK NY 10001 |
Janet Gill | officer: Executive Vice President | 720 SOUTH COLORADO BOULEVARD, SUITE 1150N, DENVER CO 80246 |
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