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
Ross Stores Inc., MVA calculation
US$ in thousands
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Ross Stores Inc. market (fair) value less invested capital. | Ross Stores Inc. MVA increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level. |
MVA Spread Ratio
Ross Stores Inc., MVA spread ratio calculation, comparison to benchmarks
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Market value added (MVA)1 | 30,052,092) | 40,168,765) | 27,655,064) | 31,271,884) | 25,838,959) | 22,997,907) | |
| Invested capital2 | 9,245,498) | 8,769,230) | 6,807,292) | 6,884,089) | 6,397,687) | 6,022,627) | |
| Performance Ratio | |||||||
| MVA spread ratio3 | 325.05% | 458.06% | 406.26% | 454.26% | 403.88% | 381.86% | |
| Benchmarks | |||||||
| MVA Spread Ratio, Competitors4 | |||||||
| Amazon.com Inc. | 342.01% | 728.57% | 1,053.43% | 730.44% | — | — | |
| Home Depot Inc. | 681.54% | 631.50% | 547.47% | 617.70% | — | — | |
| Lowe’s Cos. Inc. | 587.76% | 457.91% | 186.58% | 334.01% | — | — | |
| TJX Cos. Inc. | 333.18% | 327.36% | 261.07% | 334.48% | — | — | |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).
1 MVA. See details »
2 Invested capital. See details »
3 2022 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 30,052,092 ÷ 9,245,498 = 325.05%
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. | Ross Stores Inc. MVA spread ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
MVA Margin
Ross Stores Inc., MVA margin calculation, comparison to benchmarks
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Market value added (MVA)1 | 30,052,092) | 40,168,765) | 27,655,064) | 31,271,884) | 25,838,959) | 22,997,907) | |
| Sales | 18,916,244) | 12,531,565) | 16,039,073) | 14,983,541) | 14,134,732) | 12,866,757) | |
| Performance Ratio | |||||||
| MVA margin2 | 158.87% | 320.54% | 172.42% | 208.71% | 182.80% | 178.74% | |
| Benchmarks | |||||||
| MVA Margin, Competitors3 | |||||||
| Amazon.com Inc. | 178.50% | 312.93% | 408.23% | 330.23% | — | — | |
| Home Depot Inc. | 216.66% | 237.60% | 181.62% | 195.15% | — | — | |
| Lowe’s Cos. Inc. | 159.89% | 145.00% | 69.10% | 115.18% | — | — | |
| TJX Cos. Inc. | 135.17% | 227.93% | 116.99% | 149.26% | — | — | |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).
1 MVA. See details »
2 2022 Calculation
MVA margin = 100 × MVA ÷ Sales
= 100 × 30,052,092 ÷ 18,916,244 = 158.87%
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. | Ross Stores Inc. MVA margin ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |