一、EVA基本原理经济增加值(EVA)是指,将债务资本成本连同权益资本成本一起从税后净营业利润中扣除,剩下的利润余额,为经济增加值。当EVA值大于零时,说明企业的收入可以弥补所有的费用和成本,股东的财富增加;当EVA值等于零时,即企业税后净营业利润正好弥补了资本成本,说明企业的收入和成本刚好抵消;当EVA小于零,即企业税后净营业利润扣除所有资本成本后小于零,说明企业没有为股东真正地创造财富,而是相对地减少了股东财富。 First, the basic principles of EVA Economic value added (EVA) refers to the cost of debt capital together with the cost of equity capital deducted from net operating profit after tax, the remaining balance of profits for the economic value. When the EVA value is greater than zero, it shows that the enterprise’s income can make up for all the costs and costs, and the shareholders’ wealth increases. When the EVA value is equal to zero, the net operating profit of the enterprise just makes up the cost of capital, indicating that the enterprise’s income and cost are exactly When EVA is less than zero, that is, the net operating profit after tax of enterprises is less than zero after deducting all the cost of capital, indicating that the enterprise has not really created wealth for the shareholders, but has relatively reduced the shareholders’ wealth.