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
Costco Wholesale Corp., MVA calculation
US$ in millions
Based on: 10-K (reporting date: 2024-09-01), 10-K (reporting date: 2023-09-03), 10-K (reporting date: 2022-08-28), 10-K (reporting date: 2021-08-29), 10-K (reporting date: 2020-08-30), 10-K (reporting date: 2019-09-01).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Costco Wholesale Corp. market (fair) value less invested capital. | Costco Wholesale Corp. MVA increased from 2022 to 2023 and from 2023 to 2024. |
MVA Spread Ratio
Costco Wholesale Corp., MVA spread ratio calculation, comparison to benchmarks
| Sep 1, 2024 | Sep 3, 2023 | Aug 28, 2022 | Aug 29, 2021 | Aug 30, 2020 | Sep 1, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Market value added (MVA)1 | 378,031) | 223,758) | 190,462) | 181,226) | 141,989) | 115,464) | |
| Invested capital2 | 32,993) | 34,903) | 31,671) | 28,508) | 29,043) | 23,959) | |
| Performance Ratio | |||||||
| MVA spread ratio3 | 1,145.79% | 641.08% | 601.38% | 635.70% | 488.89% | 481.92% | |
| Benchmarks | |||||||
| MVA Spread Ratio, Competitors4 | |||||||
| Dollar General Corp. | 94.11% | 153.08% | 211.96% | 182.79% | 150.73% | 129.61% | |
| Target Corp. | 179.94% | 210.89% | 289.75% | 247.97% | 151.69% | 106.62% | |
| Walmart Inc. | 257.71% | 195.10% | 201.42% | 174.24% | 145.51% | 124.63% | |
Based on: 10-K (reporting date: 2024-09-01), 10-K (reporting date: 2023-09-03), 10-K (reporting date: 2022-08-28), 10-K (reporting date: 2021-08-29), 10-K (reporting date: 2020-08-30), 10-K (reporting date: 2019-09-01).
1 MVA. See details »
2 Invested capital. See details »
3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 378,031 ÷ 32,993 = 1,145.79%
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. | Costco Wholesale Corp. MVA spread ratio improved from 2022 to 2023 and from 2023 to 2024. |
MVA Margin
Costco Wholesale Corp., MVA margin calculation, comparison to benchmarks
| Sep 1, 2024 | Sep 3, 2023 | Aug 28, 2022 | Aug 29, 2021 | Aug 30, 2020 | Sep 1, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Market value added (MVA)1 | 378,031) | 223,758) | 190,462) | 181,226) | 141,989) | 115,464) | |
| Net sales | 249,625) | 237,710) | 222,730) | 192,052) | 163,220) | 149,351) | |
| Performance Ratio | |||||||
| MVA margin2 | 151.44% | 94.13% | 85.51% | 94.36% | 86.99% | 77.31% | |
| Benchmarks | |||||||
| MVA Margin, Competitors3 | |||||||
| Dollar General Corp. | 63.99% | 100.17% | 133.17% | 113.19% | 103.87% | 91.58% | |
| Target Corp. | 58.35% | 59.25% | 83.51% | 81.84% | 53.60% | 37.31% | |
| Walmart Inc. | 62.31% | 48.16% | 55.42% | 51.59% | 46.83% | 38.77% | |
Based on: 10-K (reporting date: 2024-09-01), 10-K (reporting date: 2023-09-03), 10-K (reporting date: 2022-08-28), 10-K (reporting date: 2021-08-29), 10-K (reporting date: 2020-08-30), 10-K (reporting date: 2019-09-01).
1 MVA. See details »
2 2024 Calculation
MVA margin = 100 × MVA ÷ Net sales
= 100 × 378,031 ÷ 249,625 = 151.44%
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. | Costco Wholesale Corp. MVA margin ratio improved from 2022 to 2023 and from 2023 to 2024. |