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理论分析EVA(Economic Value Added)指从税后净营业利润中扣除包括股权和债务的全部投入资本成本后的所得。其核心是:资本投入是有成本的,企业的盈利只有高于其资本成本(包括股权成本和债务成本)时才会为股东创造价值。公司创造的经济增加值等于税后净营业利润与全部资本成本之间的差额。经济增加值提供更好的业绩评估标准,经济增加值使管理者作出更明智的决策,员工更高效
Theoretical Analysis EVA (Economic Value Added) refers to the net operating profit after tax, including equity and debt deducted from the total input capital costs. At the heart of it is that capital investment is costly, and that corporate profits create value for shareholders only if its profitability is higher than its cost of capital (including equity costs and debt costs). The economic value added created by the company is equal to the difference between the net operating profit after tax and the total cost of capital. Economic value added to provide better performance evaluation criteria, economic value to make managers make more informed decisions, staff more efficient