MVA vs EVA vs EV vs MVIC

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Keith Zaccaria

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May 30, 2013, 11:02:00 AM5/30/13
to 2013 CFA Level 2 Group
is this correct?

EVA = NOPAT -$WACC

EV = MV of firm assets - Cash and short term investments

MVA = PV of Economic Income

MVIC = MV of capital - BV of capital


thanks.

vaibhav aggarwal

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May 31, 2013, 6:35:26 AM5/31/13
to Keith Zaccaria, 2013 CFA Level 2 Group
Doubt
In residual income
In EVA calculation.  is Total invested capital = Books value of equity + Book value of total debt or only long term debt ?



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ammarm89

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May 31, 2013, 6:45:27 AM5/31/13
to 2013-cfa-le...@googlegroups.com, Keith Zaccaria
Total Invested Capital = Net Working Capital + Net Fixed Assets

OR

=BV of Long Term Debt + BV of Equity


On Friday, May 31, 2013 6:35:26 AM UTC-4, vaibhavapj wrote:
Doubt
In residual income
In EVA calculation.  is Total invested capital = Books value of equity + Book value of total debt or only long term debt ?

On Thu, May 30, 2013 at 8:32 PM, Keith Zaccaria <keithz...@gmail.com> wrote:
is this correct?

EVA = NOPAT -$WACC

EV = MV of firm assets - Cash and short term investments

MVA = PV of Economic Income

MVIC = MV of capital - BV of capital


thanks.

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vaibhav aggarwal

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May 31, 2013, 7:10:22 AM5/31/13
to ammarm89, 2013-cfa-le...@googlegroups.com, Keith Zaccaria
in calculatign EVA do we take short term debt or only long term debt ?


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Andrei Radu

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May 31, 2013, 7:30:28 AM5/31/13
to vaibhav aggarwal, ammarm89, 2013-cfa-le...@googlegroups.com, Keith Zaccaria
Think about invested capital as the value of equity and liabilities. Thus all right hand of the BS or Total Assets. 
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Andrei Radu

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May 31, 2013, 8:12:36 AM5/31/13
to vaibhav aggarwal, ammarm89, 2013-cfa-le...@googlegroups.com, Keith Zaccaria
At what hour do you have your exam? 
I am tmrw at GMT + 1

On 31 May 2013, at 13:10, vaibhav aggarwal <vaibh...@gmail.com> wrote:

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ammarm89

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May 31, 2013, 8:19:17 AM5/31/13
to 2013-cfa-le...@googlegroups.com, vaibhav aggarwal, ammarm89, Keith Zaccaria
9am ET, anyone else in NY taking it at the Marriot? 


On Friday, May 31, 2013 8:12:36 AM UTC-4, Andrei Radu wrote:
At what hour do you have your exam? 
I am tmrw at GMT + 1

On 31 May 2013, at 13:10, vaibhav aggarwal <vaibh...@gmail.com> wrote:

in calculatign EVA do we take short term debt or only long term debt ?
On Fri, May 31, 2013 at 4:15 PM, ammarm89 <amma...@yahoo.com> wrote:
Total Invested Capital = Net Working Capital + Net Fixed Assets

OR

=BV of Long Term Debt + BV of Equity


On Friday, May 31, 2013 6:35:26 AM UTC-4, vaibhavapj wrote:
Doubt
In residual income
In EVA calculation.  is Total invested capital = Books value of equity + Book value of total debt or only long term debt ?

On Thu, May 30, 2013 at 8:32 PM, Keith Zaccaria <keithz...@gmail.com> wrote:
is this correct?

EVA = NOPAT -$WACC

EV = MV of firm assets - Cash and short term investments

MVA = PV of Economic Income

MVIC = MV of capital - BV of capital


thanks.

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Lijo Jose

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May 31, 2013, 8:54:07 AM5/31/13
to ammarm89, 2013-cfa-le...@googlegroups.com, vaibhav aggarwal, ammarm89, Keith Zaccaria
9 am GMT for me. But given the planning I've doing on getting there ill probably be there at 6! 



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