Aspen Group Inc
Aspen Group, Inc., an education technology company, provides online higher education services in the United States. The company offers associates, bachelor's, master's, and doctoral degree programs in nursing and health sciences, business and technology, and education fields through Aspen University and United States University. As of April 30, 2025, 4,860 of 5,809 or 84% of all active students a… Read more
Aspen Group Inc (ASPU) - Net Assets
Latest net assets as of January 2024: $29.62 Million USD
Based on the latest financial reports, Aspen Group Inc (ASPU) has net assets worth $29.62 Million USD as of January 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($85.20 Million) and total liabilities ($55.59 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $29.62 Million |
| % of Total Assets | 34.76% |
| Annual Growth Rate | 96.67% |
| 5-Year Change | 34.33% |
| 10-Year Change | N/A |
| Growth Volatility | 219.09 |
Aspen Group Inc - Net Assets Trend (2010–2023)
This chart illustrates how Aspen Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Aspen Group Inc (2010–2023)
The table below shows the annual net assets of Aspen Group Inc from 2010 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-04-30 | $35.55 Million | -16.45% |
| 2022-04-30 | $42.55 Million | -13.33% |
| 2021-04-30 | $49.09 Million | +17.59% |
| 2020-04-30 | $41.75 Million | +57.77% |
| 2019-04-30 | $26.46 Million | -21.56% |
| 2018-04-30 | $33.73 Million | +330.26% |
| 2017-04-30 | $7.84 Million | +332.45% |
| 2016-04-30 | $1.81 Million | -30.22% |
| 2015-04-30 | $2.60 Million | +245.56% |
| 2014-04-30 | $-1.78 Million | -400.30% |
| 2013-04-30 | $594.38K | +2981.96% |
| 2012-04-30 | $-20.62K | -376.68% |
| 2011-04-30 | $7.45K | +38.04% |
| 2010-04-30 | $5.40K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Aspen Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 7608778900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (April 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $25.59K | 0.07% |
| Other Components | $111.61 Million | 313.99% |
| Total Equity | $35.55 Million | 100.00% |
Aspen Group Inc Competitors by Market Cap
The table below lists competitors of Aspen Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Oncology Institute Inc
NASDAQ:TOIIW
|
$3.75 Million |
|
Palram
TA:PLRM
|
$3.75 Million |
|
PT Carsurin Tbk
JK:CRSN
|
$3.75 Million |
|
Fertilizantes Heringer S.A
SA:FHER3
|
$3.75 Million |
|
Renforth Resources Inc
PINK:RFHRF
|
$3.75 Million |
|
Dune Acquisition Corporation II Warrants
NASDAQ:IPODW
|
$3.75 Million |
|
Herbal Dispatch Inc.
F:HA9
|
$3.75 Million |
|
Hypha Labs, Inc.
PINK:FUNI
|
$3.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aspen Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 42,545,724 to 35,546,782, a change of -6,998,942 (-16.5%).
- Net loss of 8,347,605 reduced equity.
- Other factors increased equity by 1,348,663.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-8.35 Million | -23.48% |
| Other Changes | $1.35 Million | +3.79% |
| Total Change | $- | -16.45% |
Book Value vs Market Value Analysis
This analysis compares Aspen Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.11x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 104.02x to 0.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-04-30 | $0.00 | $0.15 | x |
| 2011-04-30 | $0.00 | $0.15 | x |
| 2012-04-30 | $-0.01 | $0.15 | x |
| 2013-04-30 | $0.10 | $0.15 | x |
| 2014-04-30 | $-0.35 | $0.15 | x |
| 2015-04-30 | $0.31 | $0.15 | x |
| 2016-04-30 | $0.16 | $0.15 | x |
| 2017-04-30 | $0.58 | $0.15 | x |
| 2018-04-30 | $2.37 | $0.15 | x |
| 2019-04-30 | $1.44 | $0.15 | x |
| 2020-04-30 | $2.12 | $0.15 | x |
| 2021-04-30 | $2.07 | $0.15 | x |
| 2022-04-30 | $1.70 | $0.15 | x |
| 2023-04-30 | $1.40 | $0.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aspen Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -23.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12.59%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 2.27x
- Recent ROE (-23.48%) is above the historical average (-131.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -250.85% | 0.00% | 0.00x | 1.67x | $-14.09K |
| 2011 | -133.43% | 0.00% | 0.00x | 1.56x | $-10.69K |
| 2012 | 0.00% | -1.20% | 4591.46x | 0.00x | $-26.02K |
| 2013 | -1011.27% | -119.80% | 1.47x | 5.72x | $-6.07 Million |
| 2014 | 0.00% | -134.37% | 1.11x | 0.00x | $-5.17 Million |
| 2015 | -164.28% | -81.68% | 0.88x | 2.28x | $-4.53 Million |
| 2016 | -123.92% | -26.58% | 1.88x | 2.49x | $-2.43 Million |
| 2017 | -14.10% | -7.76% | 1.33x | 1.36x | $-1.89 Million |
| 2018 | -20.78% | -31.83% | 0.53x | 1.23x | $-10.38 Million |
| 2019 | -35.70% | -27.76% | 0.79x | 1.63x | $-12.09 Million |
| 2020 | -13.56% | -11.53% | 0.74x | 1.59x | $-9.83 Million |
| 2021 | -21.29% | -15.41% | 0.84x | 1.65x | $-15.36 Million |
| 2022 | -22.53% | -12.50% | 0.84x | 2.14x | $-13.84 Million |
| 2023 | -23.48% | -12.59% | 0.82x | 2.27x | $-11.90 Million |
Industry Comparison
This section compares Aspen Group Inc's net assets metrics with peer companies in the Education & Training Services industry.
Industry Context
- Industry: Education & Training Services
- Average net assets among peers: $1,330,771,424
- Average return on equity (ROE) among peers: -36.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aspen Group Inc (ASPU) | $29.62 Million | -250.85% | 1.88x | $3.75 Million |
| ATA Creativity Global (AACG) | $50.32 Million | -242.94% | 0.93x | $25.30 Million |
| Afya Ltd (AFYA) | $3.64 Billion | 10.60% | 1.08x | $112.89 Million |
| Alliance International Education Leasing Holdings Limited (ALCIF) | $2.60 Billion | 14.32% | 0.61x | $519.50 Million |
| Ambow Education Holding Ltd (AMBO) | $1.38 Billion | -77.81% | 1.30x | $6.74 Million |
| American Public Education Inc (APEI) | $349.73 Million | -32.88% | 0.96x | $676.30 Million |
| Argentum 47 Inc (ARGQ) | $-864.76K | 0.00% | 0.00x | $45.77K |
| Asiarim Corporation (ARMC) | $-263.95K | 0.00% | 0.00x | $1.30K |
| Adtalem Global Education Inc (ATGE) | $1.54 Billion | 8.70% | 0.30x | $3.32 Billion |
| Bright Scholar Education Holdings Ltd Class A (BEDU) | $2.41 Billion | -4.96% | 1.27x | $57.66 Million |