论文部分内容阅读
一、EVA指标的概念及计算公式EVA,即经济增加值,是企业税后营业净利润减去对投资在该企业所有资本的机会成本的合理估算。它能够表明一定时期为股东增加了多少价值,用于衡量企业财富的增加量,实际上反映的是企业在一定时期内的经济利润,是专门从股东的投入资本角度定义的利润。计算公式如下:EVA=税后净营业利润一资本成本=税后净营业利润一调整后资本×平均资本成本率计算结果表明,当EVA的值为正时,表示企业获得的收
First, the EVA index concept and calculation formula EVA, that is, the added value of economic growth, is the net operating profit after tax minus the reasonable estimate of the opportunity cost of all the capital invested in the business. It can show how much value has been added to stockholders for a certain period of time, which is used to measure the increase of enterprise wealth. In fact, it reflects the economic profit of the enterprise in a certain period, which is defined as the profit defined solely by the shareholders’ investment capital. The calculation formula is as follows: EVA = net operating profit after tax = capital cost = net operating profit after tax = adjusted capital × average cost of capital The calculated results show that when the value of EVA is positive,