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: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).
1 Fair value of debt. See details »
2 Invested capital. See details »
Item | Description | The company |
---|---|---|
MVA | Deckers Outdoor Corp. market (fair) value less invested capital. | Deckers Outdoor Corp. MVA decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level. |
MVA Spread Ratio
Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | Mar 31, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Market value added (MVA)1 | 10,466,977) | 5,768,820) | 7,910,358) | 4,355,977) | 3,388,216) | 2,430,391) | |
Invested capital2 | 1,948,548) | 1,736,074) | 1,642,284) | 1,422,595) | 1,307,197) | 1,227,436) | |
Performance Ratio | |||||||
MVA spread ratio3 | 537.17% | 332.29% | 481.67% | 306.20% | 259.20% | 198.01% | |
Benchmarks | |||||||
MVA Spread Ratio, Competitors4 | |||||||
lululemon athletica inc. | 823.41% | 1,048.09% | 1,047.39% | 793.45% | 713.46% | — | |
Nike Inc. | 745.30% | 764.83% | 1,149.95% | 776.97% | 904.20% | — |
Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).
1 MVA. See details »
2 Invested capital. See details »
3 2023 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 10,466,977 ÷ 1,948,548 = 537.17%
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. | Deckers Outdoor Corp. MVA spread ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
MVA Margin
Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | Mar 31, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Market value added (MVA)1 | 10,466,977) | 5,768,820) | 7,910,358) | 4,355,977) | 3,388,216) | 2,430,391) | |
Net sales | 3,627,286) | 3,150,339) | 2,545,641) | 2,132,689) | 2,020,437) | 1,903,339) | |
Add: Increase (decrease) in deferred revenue | (2,356) | 10,379) | —) | —) | —) | —) | |
Adjusted net sales | 3,624,930) | 3,160,718) | 2,545,641) | 2,132,689) | 2,020,437) | 1,903,339) | |
Performance Ratio | |||||||
MVA margin2 | 288.75% | 182.52% | 310.74% | 204.25% | 167.70% | 127.69% | |
Benchmarks | |||||||
MVA Margin, Competitors3 | |||||||
lululemon athletica inc. | 457.15% | 649.40% | 866.84% | 596.68% | 530.94% | — | |
Nike Inc. | 296.77% | 346.10% | 542.78% | 396.41% | 327.83% | — |
Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).
1 MVA. See details »
2 2023 Calculation
MVA margin = 100 × MVA ÷ Adjusted net sales
= 100 × 10,466,977 ÷ 3,624,930 = 288.75%
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. | Deckers Outdoor Corp. MVA margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |