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Automatic Data Processing Inc. (NASDAQ:ADP)
Market Value Added (MVA)
Advanced level
Market value added (MVA) is the difference between a firms’s 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
Automatic Data Processing Inc., MVA calculation
US$ in thousands
Based on: 10-K (filing date: 2019-08-09), 10-K (filing date: 2018-08-03), 10-K (filing date: 2017-08-04), 10-K (filing date: 2016-08-05), 10-K (filing date: 2015-08-07), 10-K (filing date: 2014-08-08).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Automatic Data Processing Inc.’s market (fair) value less invested capital. | Automatic Data Processing Inc.’s MVA increased from 2017 to 2018 and from 2018 to 2019. |
MVA Spread Ratio
Automatic Data Processing Inc., MVA spread ratio calculation
Based on: 10-K (filing date: 2019-08-09), 10-K (filing date: 2018-08-03), 10-K (filing date: 2017-08-04), 10-K (filing date: 2016-08-05), 10-K (filing date: 2015-08-07), 10-K (filing date: 2014-08-08).
1 MVA. See details »
2 Invested capital. See details »
3 2019 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × ÷ =
| 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. | Automatic Data Processing Inc.’s MVA spread ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |
MVA Margin
Automatic Data Processing Inc., MVA margin calculation
Based on: 10-K (filing date: 2019-08-09), 10-K (filing date: 2018-08-03), 10-K (filing date: 2017-08-04), 10-K (filing date: 2016-08-05), 10-K (filing date: 2015-08-07), 10-K (filing date: 2014-08-08).
1 MVA. See details »
2 2019 Calculation
MVA margin = 100 × MVA ÷ Adjusted revenues
= 100 × ÷ =
| Performance ratio | Description | The company |
|---|---|---|
| MVA margin | The ratio of MVA to sales. It measures how efficiently and prodigiously sales translate into franchise value. | Automatic Data Processing Inc.’s MVA margin ratio improved from 2017 to 2018 and from 2018 to 2019. |