Market Value Added (MVA)
Market value added (MVA) is the difference between a firm fair value and its invested capital. MVA is a measure of the value a company has created in excess of the resources already committed to the enterprise.
MVA
Amazon.com Inc., MVA calculation
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Amazon.com Inc. market (fair) value less invested capital. | Amazon.com Inc. MVA increased from 2022 to 2023 and from 2023 to 2024. |
MVA Spread Ratio
Amazon.com Inc., MVA spread ratio calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Market value added (MVA)1 | 2,171,024) | 1,593,625) | 921,233) | 1,477,806) | 1,581,832) | |
| Invested capital2 | 375,421) | 326,668) | 269,358) | 202,836) | 150,160) | |
| Performance Ratio | ||||||
| MVA spread ratio3 | 578.29% | 487.84% | 342.01% | 728.57% | 1,053.43% | |
| Benchmarks | ||||||
| MVA Spread Ratio, Competitors4 | ||||||
| Home Depot Inc. | 661.36% | 519.24% | 681.54% | 631.50% | 547.47% | |
| Lowe’s Cos. Inc. | 603.38% | 500.68% | 587.76% | 457.91% | 186.58% | |
| TJX Cos. Inc. | 480.00% | 393.67% | 333.18% | 327.36% | 261.07% | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 MVA. See details »
2 Invested capital. See details »
3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 2,171,024 ÷ 375,421 = 578.29%
4 Click competitor name to see calculations.
| Performance ratio | Description | The company |
|---|---|---|
| MVA spread ratio | The ratio of MVA to invested capital. It measures the efficiency with which investors’ capital investment has translated into a franchise value and into an aggregate net present value premium. | Amazon.com Inc. MVA spread ratio improved from 2022 to 2023 and from 2023 to 2024. |
MVA Margin
Amazon.com Inc., MVA margin calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Market value added (MVA)1 | 2,171,024) | 1,593,625) | 921,233) | 1,477,806) | 1,581,832) | |
| Net sales | 637,959) | 574,785) | 513,983) | 469,822) | 386,064) | |
| Add: Increase (decrease) in unearned revenue | 3,676) | 4,800) | 2,100) | 2,419) | 1,418) | |
| Adjusted net sales | 641,635) | 579,585) | 516,083) | 472,241) | 387,482) | |
| Performance Ratio | ||||||
| MVA margin2 | 338.36% | 274.96% | 178.50% | 312.93% | 408.23% | |
| Benchmarks | ||||||
| MVA Margin, Competitors3 | ||||||
| Home Depot Inc. | 242.57% | 182.42% | 216.66% | 237.60% | 181.62% | |
| Lowe’s Cos. Inc. | 181.37% | 127.78% | 159.89% | 145.00% | 69.10% | |
| TJX Cos. Inc. | 186.85% | 160.74% | 135.17% | 227.93% | 116.99% | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 MVA. See details »
2 2024 Calculation
MVA margin = 100 × MVA ÷ Adjusted net sales
= 100 × 2,171,024 ÷ 641,635 = 338.36%
3 Click competitor name to see calculations.
| Performance ratio | Description | The company |
|---|---|---|
| MVA margin | The ratio of MVA to sales. It measures how efficiently and prodigiously sales translate into franchise value. | Amazon.com Inc. MVA margin ratio improved from 2022 to 2023 and from 2023 to 2024. |