净利润除以净资产吧

EVA(economic value added) is a measurement of financial performance.

The concept of EVA was introduced because old measurement of ROA(net profit/asset or investment) was not efficient enough to measure financial performance.

Take a simple example:

Project A: investment needed: $100m,

expected net profit $10m,

Roa of project A is 10%.

Project B: investment: $10,000

Expected net profit $2000

Roa=2000/10,000=20%

If ROA is taken as a measurement, project B would be much better than project A.

In this case, if sufficient money is on hand, project A would be better than B.

Therefore, Roa here doesn't work properly.

EVA then was introduced as a measurement of financial performance.

The formula for EVA is

EVA=(ROA - weighted average cost of capital)* total capital

From the formula, it is clear that eva is a dollar value which is different from Roa( Roa is a percentage number).

Good luck in your study, soko.

EVA(economic value added) is a measurement of financial performance.

The concept of EVA was introduced because old measurement of ROA(net profit/asset or investment) was not efficient enough to measure financial performance.

Take a simple example:

Project A: investment needed: $100m,

expected net profit $10m,

Roa of project A is 10%.

Project B: investment: $10,000

Expected net profit $2000

Roa=2000/10,000=20%

If ROA is taken as a measurement, project B would be much better than project A.

In this case, if sufficient money is on hand, project A would be better than B.

Therefore, Roa here doesn't work properly.

EVA then was introduced as a measurement of financial performance.

The formula for EVA is

EVA=(ROA - weighted average cost of capital)* total capital

From the formula, it is clear that eva is a dollar value which is different from Roa( Roa is a percentage number).

Good luck in your study, soko.