Motivation 4 . mindset . moreover we can calculate the eva on the basis of the nopat ( net operating profit after tax ) Eva可以和現(xiàn)行的會(huì)計(jì)指標(biāo)融為一體,通過(guò)對(duì)會(huì)計(jì)利潤(rùn)進(jìn)行適當(dāng)?shù)恼{(diào)整就可以得到eva財(cái)務(wù)管理所需的數(shù)據(jù)。
The economic value added ( eva ) is a measure of surplus value created on an investment , namely the difference in amount after the nopat ( net operating profit after taxes ) subtract cost of capital Eva就是稅后營(yíng)業(yè)利潤(rùn)減資金成本后的剩余回報(bào),即稅后的營(yíng)業(yè)利潤(rùn)減去債務(wù)和權(quán)益資本的使用成本后的差額。
In formula form we have : eva = nopat - kw x ( na ) where eva is the economic value added , nopat is the net operating profit after tax , na is the net assets . eva method should be employed with for it compares the capital return to the capital cost 用公式表示如下: eva = nopat - kw ( na )式中, kw是企業(yè)的加權(quán)平均資本成本, na是企業(yè)報(bào)告期初資產(chǎn)的經(jīng)濟(jì)價(jià)值, nopat是經(jīng)過(guò)調(diào)整的營(yíng)業(yè)凈利潤(rùn)。
Economic value added ( eva ) is the financial performance measure that comes closer than any other to capturing the true economic profit of an enterprise . eva also is the performance measure most directly linked to the creation of shareholder wealth over time . put most simply , eva is net operating profit minus an appropriate charge for the opportunity cost of all capital invested in an enterprise 經(jīng)濟(jì)增加值( eva )理論被認(rèn)為是解決這一問(wèn)題的有效方法, eva理論的核心思想是,一個(gè)公司只有在其資本收益超過(guò)為獲得該收益所投入全部資本成本時(shí),才是為股東創(chuàng)造了額外的價(jià)值。