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
O’Reilly Automotive Inc., MVA calculation
US$ in thousands
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | O’Reilly Automotive Inc. market (fair) value less invested capital. | O’Reilly Automotive Inc. MVA increased from 2019 to 2020 and from 2020 to 2021. |
MVA Spread Ratio
O’Reilly Automotive Inc., MVA spread ratio calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Market value added (MVA)1 | 43,595,881) | 31,854,070) | 27,621,392) | 28,587,268) | 19,984,960) | |
| Invested capital2 | 5,766,861) | 6,200,132) | 6,076,741) | 5,606,204) | 5,440,691) | |
| Performance Ratio | ||||||
| MVA spread ratio3 | 755.97% | 513.76% | 454.54% | 509.92% | 367.32% | |
| Benchmarks | ||||||
| MVA Spread Ratio, Competitors4 | ||||||
| Amazon.com Inc. | 728.57% | 1,053.43% | 730.44% | — | — | |
| Home Depot Inc. | 631.50% | 547.47% | 617.70% | — | — | |
| Lowe’s Cos. Inc. | 457.91% | 186.58% | 334.01% | — | — | |
| TJX Cos. Inc. | 327.36% | 261.07% | 334.48% | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 MVA. See details »
2 Invested capital. See details »
3 2021 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 43,595,881 ÷ 5,766,861 = 755.97%
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. | O’Reilly Automotive Inc. MVA spread ratio improved from 2019 to 2020 and from 2020 to 2021. |
MVA Margin
O’Reilly Automotive Inc., MVA margin calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Market value added (MVA)1 | 43,595,881) | 31,854,070) | 27,621,392) | 28,587,268) | 19,984,960) | |
| Sales | 13,327,563) | 11,604,493) | 10,149,985) | 9,536,428) | 8,977,726) | |
| Add: Increase (decrease) in deferred revenue liability | (1,100) | 400) | (200) | (400) | (100) | |
| Adjusted sales | 13,326,463) | 11,604,893) | 10,149,785) | 9,536,028) | 8,977,626) | |
| Performance Ratio | ||||||
| MVA margin2 | 327.14% | 274.49% | 272.14% | 299.78% | 222.61% | |
| Benchmarks | ||||||
| MVA Margin, Competitors3 | ||||||
| Amazon.com Inc. | 312.93% | 408.23% | 330.23% | — | — | |
| Home Depot Inc. | 237.60% | 181.62% | 195.15% | — | — | |
| Lowe’s Cos. Inc. | 145.00% | 69.10% | 115.18% | — | — | |
| TJX Cos. Inc. | 227.93% | 116.99% | 149.26% | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 MVA. See details »
2 2021 Calculation
MVA margin = 100 × MVA ÷ Adjusted sales
= 100 × 43,595,881 ÷ 13,326,463 = 327.14%
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. | O’Reilly Automotive Inc. MVA margin ratio improved from 2019 to 2020 and from 2020 to 2021. |