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Aspen Group (Aspen Group) ROE % : -17.04% (As of Jan. 2023)


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What is Aspen Group ROE %?

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:

ASPU's ROE % is not ranked *
in the Education industry.
Industry Median: 5.84
* Ranked among companies with meaningful ROE % only.

Aspen Group ROE % Historical Data

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.

* Premium members only.

Aspen Group ROE % Chart

Aspen Group Annual Data
Trend Feb12 Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -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 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 -32.89 -19.69 -36.50 -24.16 -17.04

Competitive Comparison of Aspen Group's ROE %

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.


Aspen Group's ROE % Distribution in the Education Industry

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 ROE % Calculation

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.


Aspen Group ROE % Related Terms

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.


Aspen Group (Aspen Group) Business Description

Traded in Other Exchanges
N/A
Address
276 Fifth Avenue, Suite 505, New York, NY, USA, 10001
Aspen Group Inc is an education technology holding company that leverages its infrastructure and expertise to allow its two universities, Aspen University and United States University, to deliver on the vision of making college affordable again. Its only segment is the educational delivery operation using a core infrastructure that serves the curriculum and educational delivery needs of its online and campus students regardless of geography.
Executives
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

Aspen Group (Aspen Group) Headlines

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