贝恩－业绩评估1.ppt

Author: Patrick Cote; ; ;Executive Summary (2 of 2); ;Objectives; ; ; ; ; ; ;Measures; ; * Sometimes referred to as Return on Investment (ROI); ; * EVA=EVA with depreciation added back; * only backward -looking; * Adjusted for all stock splits and assuming all dividends reinvested ; ; ; ; ; ;Next, The working capital requirements are the firm’s net investments in the operating cycle, or the net amount of short-term investment required to fund operations;When calculating MVA, Net Fixed Assets is defined as Net PPE plus other Investment (tangible and intangible). The third and final step