Zovio Inc
Zovio Inc operates as an education technology services company in the United States. It partners with higher education institutions and employers to deliver various personalized solutions to help learners and leaders in achieving their aspirations. The company offers technology and academic services primarily relate to the educational infrastructure, including online course delivery and managemen… Read more
Zovio Inc (ZVOI) - Net Assets
Latest net assets as of September 2022: $3.01 Million USD
Based on the latest financial reports, Zovio Inc (ZVOI) has net assets worth $3.01 Million USD as of September 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($58.56 Million) and total liabilities ($55.55 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 | $3.01 Million |
| % of Total Assets | 5.14% |
| Annual Growth Rate | 10.55% |
| 5-Year Change | -84.43% |
| 10-Year Change | -95.97% |
| Growth Volatility | 543.96 |
Zovio Inc - Net Assets Trend (2007–2021)
This chart illustrates how Zovio 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 Zovio Inc (2007–2021)
The table below shows the annual net assets of Zovio Inc from 2007 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-12-31 | $20.01 Million | -66.22% |
| 2020-12-31 | $59.22 Million | -40.15% |
| 2019-12-31 | $98.94 Million | -22.47% |
| 2018-12-31 | $127.61 Million | -0.66% |
| 2017-12-31 | $128.46 Million | -54.24% |
| 2016-12-31 | $280.71 Million | -7.56% |
| 2015-12-31 | $303.65 Million | -17.01% |
| 2014-12-31 | $365.88 Million | +5.13% |
| 2013-12-31 | $348.04 Million | -29.85% |
| 2012-12-31 | $496.11 Million | +40.28% |
| 2011-12-31 | $353.65 Million | +48.44% |
| 2010-12-31 | $238.24 Million | +76.99% |
| 2009-12-31 | $134.61 Million | +2103.45% |
| 2008-12-31 | $6.11 Million | +24.34% |
| 2007-12-31 | $4.91 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zovio 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 grown by 30414600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2021)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $283.97 Million | 1419.42% |
| Common Stock | $676.00K | 3.38% |
| Total Equity | $20.01 Million | 100.00% |
Zovio Inc Competitors by Market Cap
The table below lists competitors of Zovio Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PetroVietnam Oil Phu Yen JSC
VN:PPY
|
$3.22K |
|
MegaPro Biomedical Co., Ltd
TWO:6827
|
$3.23K |
|
Han Chang Paper Co. Ltd.
KQ:009460
|
$3.23K |
|
Sunrays Textile Mills Ltd
KAR:SUTM
|
$3.23K |
|
Service Global
KAR:SGF
|
$3.21K |
|
Biafo Industries Ltd
KAR:BIFO
|
$3.21K |
|
Tata Textile Mills Ltd
KAR:TATM
|
$3.21K |
|
Multiexport Foods S.A.
SN:MULTIX
|
$3.21K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zovio Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 59,217,000 to 20,006,000, a change of -39,211,000 (-66.2%).
- Net loss of 42,349,000 reduced equity.
- Share repurchases of 1,232,000 reduced equity.
- Other factors increased equity by 4,370,000.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-42.35 Million | -211.68% |
| Share Repurchases | $1.23 Million | -6.16% |
| Other Changes | $4.37 Million | +21.84% |
| Total Change | $- | -66.22% |
Book Value vs Market Value Analysis
This analysis compares Zovio 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: 0.00x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | $1.11 | $0.00 | x |
| 2008-12-31 | $0.79 | $0.00 | x |
| 2009-12-31 | $2.98 | $0.00 | x |
| 2010-12-31 | $4.00 | $0.00 | x |
| 2011-12-31 | $6.19 | $0.00 | x |
| 2012-12-31 | $8.87 | $0.00 | x |
| 2013-12-31 | $6.27 | $0.00 | x |
| 2014-12-31 | $7.87 | $0.00 | x |
| 2015-12-31 | $6.65 | $0.00 | x |
| 2016-12-31 | $6.07 | $0.00 | x |
| 2017-12-31 | $3.92 | $0.00 | x |
| 2018-12-31 | $4.63 | $0.00 | x |
| 2019-12-31 | $3.35 | $0.00 | x |
| 2020-12-31 | $1.85 | $0.00 | x |
| 2021-12-31 | $0.60 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zovio 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): -211.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16.10%
- • Asset Turnover: 1.76x
- • Equity Multiplier: 7.45x
- Recent ROE (-211.68%) is below the historical average (20.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 66.90% | 3.84% | 2.19x | 7.95x | $2.80 Million |
| 2008 | 432.66% | 12.11% | 1.69x | 21.16x | $25.82 Million |
| 2009 | 34.99% | 10.37% | 1.54x | 2.19x | $33.64 Million |
| 2010 | 53.55% | 17.89% | 1.51x | 1.98x | $103.76 Million |
| 2011 | 48.85% | 18.51% | 1.52x | 1.74x | $137.40 Million |
| 2012 | 25.79% | 13.22% | 1.28x | 1.52x | $78.35 Million |
| 2013 | 11.78% | 5.34% | 1.34x | 1.65x | $6.21 Million |
| 2014 | 2.64% | 1.51% | 1.14x | 1.53x | $-26.92 Million |
| 2015 | -23.20% | -12.54% | 1.11x | 1.67x | $-100.82 Million |
| 2016 | -10.70% | -5.70% | 1.14x | 1.65x | $-58.11 Million |
| 2017 | 8.20% | 2.20% | 1.66x | 2.24x | $-2.31 Million |
| 2018 | 3.63% | 1.05% | 1.65x | 2.11x | $-8.13 Million |
| 2019 | -55.40% | -13.12% | 1.67x | 2.53x | $-64.71 Million |
| 2020 | -82.67% | -12.33% | 2.46x | 2.72x | $-54.87 Million |
| 2021 | -211.68% | -16.10% | 1.76x | 7.45x | $-44.35 Million |
Industry Comparison
This section compares Zovio 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: $1,197,694,821
- Average return on equity (ROE) among peers: -57.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zovio Inc (ZVOI) | $3.01 Million | 66.90% | 18.45x | $3.21K |
| 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 |
| Aspen Group Inc (ASPU) | $5.40K | -250.85% | 0.67x | $3.75 Million |
| 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 |