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
Dell Technologies Inc., MVA calculation
US$ in millions
Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Dell Technologies Inc. market (fair) value less invested capital. | Dell Technologies Inc. MVA decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level. |
MVA Spread Ratio
Dell Technologies Inc., MVA spread ratio calculation, comparison to benchmarks
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Market value added (MVA)1 | 53,777) | 1,225) | 16,998) | 44,606) | 9,965) | 22,799) | |
| Invested capital2 | 53,565) | 57,982) | 53,988) | 83,528) | 81,348) | 80,442) | |
| Performance Ratio | |||||||
| MVA spread ratio3 | 100.40% | 2.11% | 31.48% | 53.40% | 12.25% | 28.34% | |
| Benchmarks | |||||||
| MVA Spread Ratio, Competitors4 | |||||||
| Apple Inc. | 6,597.47% | 4,423.16% | 5,157.62% | 5,626.48% | 4,945.07% | 2,012.85% | |
| 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% | |
| Super Micro Computer Inc. | — | 466.63% | 91.12% | 50.17% | 20.30% | 2.42% | |
Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).
1 MVA. See details »
2 Invested capital. See details »
3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 53,777 ÷ 53,565 = 100.40%
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. | Dell Technologies Inc. MVA spread ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
MVA Margin
Dell Technologies Inc., MVA margin calculation, comparison to benchmarks
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Market value added (MVA)1 | 53,777) | 1,225) | 16,998) | 44,606) | 9,965) | 22,799) | |
| Net revenue | 88,425) | 102,301) | 101,197) | 94,224) | 92,154) | 90,621) | |
| Add: Increase (decrease) in deferred revenue | (1,141) | 2,713) | 1,981) | 3,001) | 3,790) | 3,194) | |
| Adjusted net revenue | 87,284) | 105,014) | 103,178) | 97,225) | 95,944) | 93,815) | |
| Performance Ratio | |||||||
| MVA margin2 | 61.61% | 1.17% | 16.47% | 45.88% | 10.39% | 24.30% | |
| Benchmarks | |||||||
| MVA Margin, Competitors3 | |||||||
| Apple Inc. | 843.30% | 695.76% | 609.53% | 653.71% | 648.08% | 392.95% | |
| 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% | |
| Super Micro Computer Inc. | — | 158.10% | 38.75% | 18.09% | 7.53% | 0.78% | |
Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).
1 MVA. See details »
2 2024 Calculation
MVA margin = 100 × MVA ÷ Adjusted net revenue
= 100 × 53,777 ÷ 87,284 = 61.61%
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. | Dell Technologies Inc. MVA margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |