基于EVA的电力行业上市公司业绩评价研究——以华能国际电力股份有限公司为例

发布时间：2018-01-31 01:55

本文关键词： 税后净营业利润资本成本股东财富 EVA 公司业绩评价债务资本资本总额非财务因素财务分析体系等于零 　出处：《现代会计》2014年03期 　论文类型：期刊论文

【摘要】：正一、EVA基本原理经济增加值(EVA)是指,将债务资本成本连同权益资本成本一起从税后净营业利润中扣除,剩下的利润余额,为经济增加值。当EVA值大于零时,说明企业的收入可以弥补所有的费用和成本,股东的财富增加;当EVA值等于零时,即企业税后净营业利润正好弥补了资本成本,说明企业的收入和成本刚好抵消;当EVA小于零,即企业税后净营业利润扣除所有资本成本后小于零,说明企业没有为股东真正地创造财富,而是相对地减少了股东财富。
[Abstract]:EVA means deducting the cost of debt capital together with the cost of equity capital from the net operating profit after tax and the remaining profit balance. When the EVA value is greater than 00:00, it shows that the income of the enterprise can cover all the expenses and costs, and the wealth of the shareholders increases. When the EVA is equal to 00:00, that is, the net operating profit after tax makes up the cost of capital, indicating that the income and cost of the enterprise are just offset; When the EVA is less than zero, that is, the net operating profit after tax is less than zero after deducting all the cost of capital, it shows that the enterprise does not really create wealth for shareholders, but reduces the wealth of shareholders relatively.
【分类号】：F272.5;F426.61
【正文快照】： —、EVA基本原理经济增加值(EVA)是指,将债务资本成本连同权益资本成本一起从税后净营业利润中扣除,剩下的利润余额,为经济增加值。当EVA值大于零时,说明企业的收人可以弥补所有的费用和成本,股东的财富增加;当EVA值等于零时,即企业税后净营业利润正好弥补了资本成本,说明企

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