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
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28).
1 Fair value of debt. See details »
2 Invested capital. See details »
Item | Description | The company |
---|---|---|
MVA | Apple Inc. market (fair) value less invested capital. | Apple Inc. MVA increased from 2022 to 2023 and from 2023 to 2024. |
MVA Spread Ratio
Sep 28, 2024 | Sep 30, 2023 | Sep 24, 2022 | Sep 25, 2021 | Sep 26, 2020 | Sep 28, 2019 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||
Market value added (MVA)1 | 3,303,486) | 2,664,644) | 2,406,599) | 2,402,505) | 1,792,688) | 1,019,613) | |
Invested capital2 | 50,072) | 60,243) | 46,661) | 42,700) | 36,252) | 50,655) | |
Performance Ratio | |||||||
MVA spread ratio3 | 6,597.47% | 4,423.16% | 5,157.62% | 5,626.48% | 4,945.07% | 2,012.85% | |
Benchmarks | |||||||
MVA Spread Ratio, Competitors4 | |||||||
Arista Networks Inc. | — | 1,572.16% | 1,224.03% | 1,867.61% | 1,068.05% | 783.05% | |
Cisco Systems Inc. | 137.78% | 279.75% | 214.20% | 329.31% | 225.53% | 295.15% | |
Dell Technologies Inc. | 100.40% | 2.11% | 31.48% | 53.40% | 12.25% | 28.34% | |
Super Micro Computer Inc. | — | 466.63% | 91.12% | 50.17% | 20.30% | 2.42% |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28).
1 MVA. See details »
2 Invested capital. See details »
3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 3,303,486 ÷ 50,072 = 6,597.47%
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. | Apple Inc. MVA spread ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
MVA Margin
Sep 28, 2024 | Sep 30, 2023 | Sep 24, 2022 | Sep 25, 2021 | Sep 26, 2020 | Sep 28, 2019 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||
Market value added (MVA)1 | 3,303,486) | 2,664,644) | 2,406,599) | 2,402,505) | 1,792,688) | 1,019,613) | |
Net sales | 391,035) | 383,285) | 394,328) | 365,817) | 274,515) | 260,174) | |
Add: Increase (decrease) in deferred revenue | 700) | (300) | 500) | 1,700) | 2,100) | (700) | |
Adjusted net sales | 391,735) | 382,985) | 394,828) | 367,517) | 276,615) | 259,474) | |
Performance Ratio | |||||||
MVA margin2 | 843.30% | 695.76% | 609.53% | 653.71% | 648.08% | 392.95% | |
Benchmarks | |||||||
MVA Margin, Competitors3 | |||||||
Arista Networks Inc. | — | 1,189.26% | 844.81% | 1,096.90% | 834.99% | 575.97% | |
Cisco Systems Inc. | 222.92% | 278.31% | 240.26% | 367.17% | 235.28% | 311.35% | |
Dell Technologies Inc. | 61.61% | 1.17% | 16.47% | 45.88% | 10.39% | 24.30% | |
Super Micro Computer Inc. | — | 158.10% | 38.75% | 18.09% | 7.53% | 0.78% |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28).
1 MVA. See details »
2 2024 Calculation
MVA margin = 100 × MVA ÷ Adjusted net sales
= 100 × 3,303,486 ÷ 391,735 = 843.30%
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. | Apple Inc. MVA margin ratio improved from 2022 to 2023 and from 2023 to 2024. |