医疗行业某咨询业绩评估（英文版）.pptxVIP

Author: Patrick Cote; ; ;Executive Summary (2 of 2); ;Objectives; ; ; ; ; ; ;Measures; ; * Sometimes referred to as Return on Investment (ROI); ; * EVA=EVA with depreciation added back;; * 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 to calculate Net Assets is Net PPE, which is the amount of long-term investment required to fund operations; ; ; ; ; ; ; ; ; ; ; ; ;Definition (1 of 2);Definition (2 of 2); ; ;Economic Profit Balance Sheet; ; ; ; ; ;Advantages;Advantages (1 of 3);Advantages (2 of 3);Advantages (3 of 3);Disadvantages; ; ;Agenda;Framework;NOPAT;Note: NOPAT = Net operating profit after tax; Invested capital = All debt equity invested in format at book value; WACC = Weighted average cost of capital ROIC = Return on invested capital = (NOPAT / invested capital) also known as: Return on Net Assets (RONA) or Return on Capital employed (ROCE) ; * May be referred to as Return on Capital (ROC) or Return on Investment (ROI);Discount Rates; ; ; ;Source: INSEAD; ;Agenda;Use in Strategy Work; ;Use in Strategy Work; ; ; ; ; ; ; ; ; ;EP;CFROI; ; ; Source: Harnischfeger’s 1996 Annual Report, INSEAD; ; ; ; ; ; ; ; ; ; ; ; ;63.600 181.761; ; ; ; ; ; ; ; ; ;1、Genius only means hard-working all ones life. (Mendeleyer, Russian Chemist)? 天才只意味着终身不懈的努力。20.8.58.5.202011:0311:03:10Aug-2011:03 2、Our destiny offers not only the cup of despair, but the chalice of opportunity. (Richard Nixon, American President )命运给予我们的不是失望之酒，而是机会之杯。二〇二〇年八月五日2020年8月5日星期三 3、Patience is bitter, but its fruit is sweet. (Jean Jacques Rousseau , French thinker)忍耐是痛苦的，但它的果实是甜蜜的。11:038.5.202011:038.5.202011:0311:03:108.5.202011:038.5.2020 4、All that you do, do with your m