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
Williams-Sonoma Inc., MVA calculation
US$ in thousands
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Williams-Sonoma Inc. market (fair) value less invested capital. | Williams-Sonoma Inc. MVA decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level. |
MVA Spread Ratio
Williams-Sonoma Inc., MVA spread ratio calculation, comparison to benchmarks
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Market value added (MVA)1 | 16,399,718) | 5,741,418) | 8,581,644) | 12,049,828) | 1,758,400) | 3,255,055) | |
| Invested capital2 | 3,907,227) | 3,497,304) | 3,332,675) | 3,503,840) | 3,110,082) | 3,192,653) | |
| Performance Ratio | |||||||
| MVA spread ratio3 | 419.73% | 164.17% | 257.50% | 343.90% | 56.54% | 101.95% | |
| Benchmarks | |||||||
| MVA Spread Ratio, Competitors4 | |||||||
| Amazon.com Inc. | — | 487.84% | 342.01% | 728.57% | 1,053.43% | 730.44% | |
| Home Depot Inc. | 661.36% | 519.24% | 681.54% | 631.50% | 547.47% | 617.70% | |
| Lowe’s Cos. Inc. | 603.38% | 500.68% | 587.76% | 457.91% | 186.58% | 334.01% | |
| TJX Cos. Inc. | 480.00% | 393.67% | 333.18% | 327.36% | 261.07% | 334.48% | |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).
1 MVA. See details »
2 Invested capital. See details »
3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 16,399,718 ÷ 3,907,227 = 419.73%
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. | Williams-Sonoma Inc. MVA spread ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
MVA Margin
Williams-Sonoma Inc., MVA margin calculation, comparison to benchmarks
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Market value added (MVA)1 | 16,399,718) | 5,741,418) | 8,581,644) | 12,049,828) | 1,758,400) | 3,255,055) | |
| Net revenues | 7,750,652) | 8,674,417) | 8,245,936) | 6,783,189) | 5,898,008) | 5,671,593) | |
| Add: Increase (decrease) in gift card and other deferred revenue | 94,675) | 31,459) | 74,606) | 83,551) | (832) | (10,162) | |
| Adjusted net revenues | 7,845,327) | 8,705,876) | 8,320,542) | 6,866,740) | 5,897,176) | 5,661,431) | |
| Performance Ratio | |||||||
| MVA margin2 | 209.04% | 65.95% | 103.14% | 175.48% | 29.82% | 57.50% | |
| Benchmarks | |||||||
| MVA Margin, Competitors3 | |||||||
| Amazon.com Inc. | — | 274.96% | 178.50% | 312.93% | 408.23% | 330.23% | |
| Home Depot Inc. | 242.57% | 182.42% | 216.66% | 237.60% | 181.62% | 195.15% | |
| Lowe’s Cos. Inc. | 181.37% | 127.78% | 159.89% | 145.00% | 69.10% | 115.18% | |
| TJX Cos. Inc. | 186.85% | 160.74% | 135.17% | 227.93% | 116.99% | 149.26% | |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).
1 MVA. See details »
2 2024 Calculation
MVA margin = 100 × MVA ÷ Adjusted net revenues
= 100 × 16,399,718 ÷ 7,845,327 = 209.04%
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. | Williams-Sonoma Inc. MVA margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |