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一、概述经济附加值(EVA)是公司用来衡量其经营业绩的指标,指的是公司在现有的资产上获得的收益与投入的资本成本之间的差额。它着重的是收益要超过所有的资本成本,既包括债务资本成本,又包括股权资本成本。其计算公式为:经济附加值=税后净利-资本成本。其中,税后净利并不是我们平常认为的那个净利润,而是在其基础上增加了利息费用也就是息税前的营业利润去掉所得税。经济附加值在外国被采用了20多年,非常受青睐,《财富》称经济附加值为“创造财富的钥匙”。思腾
I. Overview Economic Value Added (EVA) is an index used by companies to measure their business performance. It refers to the difference between the company’s gain on existing assets and the capital cost invested. It focuses on the benefits of exceeding all the cost of capital, including both the cost of debt capital and the cost of equity capital. The formula is: economic value = after-tax net profit - the cost of capital. Among them, after-tax net profit is not what we usually think of the net profit, but on the basis of an increase of interest costs that is, pre-EBT operating income to remove income tax. Economic added value has been adopted in foreign countries more than 20 years, very popular, “wealth” said the added value of the economy “the key to creating wealth ”. Thinking