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
Motorola Solutions Inc., MVA calculation
US$ in millions
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Motorola Solutions Inc. market (fair) value less invested capital. | Motorola Solutions Inc. MVA increased from 2021 to 2022 and from 2022 to 2023. |
MVA Spread Ratio
Motorola Solutions Inc., MVA spread ratio calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Market value added (MVA)1 | 51,836) | 42,818) | 35,971) | 29,975) | 30,705) | |
| Invested capital2 | 8,921) | 8,350) | 7,857) | 6,976) | 6,887) | |
| Performance Ratio | ||||||
| MVA spread ratio3 | 581.06% | 512.79% | 457.82% | 429.69% | 445.85% | |
| Benchmarks | ||||||
| MVA Spread Ratio, Competitors4 | ||||||
| Apple Inc. | 4,423.16% | 5,157.62% | 5,626.48% | 4,945.07% | 2,012.85% | |
| Arista Networks Inc. | 1,575.63% | 1,226.33% | 1,872.91% | 1,070.87% | — | |
| Cisco Systems Inc. | 279.75% | 214.20% | 329.31% | 225.53% | 295.15% | |
| Dell Technologies Inc. | 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: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 MVA. See details »
2 Invested capital. See details »
3 2023 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 51,836 ÷ 8,921 = 581.06%
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. | Motorola Solutions Inc. MVA spread ratio improved from 2021 to 2022 and from 2022 to 2023. |
MVA Margin
Motorola Solutions Inc., MVA margin calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Market value added (MVA)1 | 51,836) | 42,818) | 35,971) | 29,975) | 30,705) | |
| Net sales | 9,978) | 9,112) | 8,171) | 7,414) | 7,887) | |
| Performance Ratio | ||||||
| MVA margin2 | 519.51% | 469.91% | 440.23% | 404.30% | 389.32% | |
| Benchmarks | ||||||
| MVA Margin, Competitors3 | ||||||
| Apple Inc. | 695.76% | 609.53% | 653.71% | 648.08% | 392.95% | |
| Arista Networks Inc. | 1,189.41% | 844.93% | 1,097.06% | 835.18% | — | |
| Cisco Systems Inc. | 278.31% | 240.26% | 367.17% | 235.28% | 311.35% | |
| Dell Technologies Inc. | 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: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 MVA. See details »
2 2023 Calculation
MVA margin = 100 × MVA ÷ Net sales
= 100 × 51,836 ÷ 9,978 = 519.51%
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. | Motorola Solutions Inc. MVA margin ratio improved from 2021 to 2022 and from 2022 to 2023. |