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
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 Fair value of debt. See details »
2 Invested capital. See details »
Item | Description | The company |
---|---|---|
MVA | Tesla Inc. market (fair) value less invested capital. | Tesla Inc. MVA decreased from 2021 to 2022 but then slightly increased from 2022 to 2023. |
MVA Spread Ratio
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Market value added (MVA)1 | 541,086) | 499,661) | 909,546) | 826,976) | 138,832) | |
Invested capital2 | 65,244) | 49,621) | 40,247) | 39,217) | 25,479) | |
Performance Ratio | ||||||
MVA spread ratio3 | 829.33% | 1,006.95% | 2,259.91% | 2,108.72% | 544.89% | |
Benchmarks | ||||||
MVA Spread Ratio, Competitors4 | ||||||
Ford Motor Co. | 7.92% | 4.13% | 17.80% | 11.46% | 0.85% | |
General Motors Co. | -10.71% | -7.65% | 14.16% | 25.91% | 8.47% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 MVA. See details »
2 Invested capital. See details »
3 2023 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 541,086 ÷ 65,244 = 829.33%
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. | Tesla Inc. MVA spread ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
MVA Margin
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Market value added (MVA)1 | 541,086) | 499,661) | 909,546) | 826,976) | 138,832) | |
Revenues | 96,773) | 81,462) | 53,823) | 31,536) | 24,578) | |
Add: Increase (decrease) in deferred revenue | 1,564) | 1,052) | 757) | 372) | 749) | |
Adjusted revenues | 98,337) | 82,514) | 54,580) | 31,908) | 25,327) | |
Performance Ratio | ||||||
MVA margin2 | 550.24% | 605.55% | 1,666.45% | 2,591.75% | 548.16% | |
Benchmarks | ||||||
MVA Margin, Competitors3 | ||||||
Ford Motor Co. | 8.29% | 4.54% | 22.52% | 16.79% | 1.03% | |
General Motors Co. | -12.25% | -9.11% | 20.89% | 36.55% | 10.06% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 MVA. See details »
2 2023 Calculation
MVA margin = 100 × MVA ÷ Adjusted revenues
= 100 × 541,086 ÷ 98,337 = 550.24%
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. | Tesla Inc. MVA margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |