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
lululemon athletica inc., MVA calculation
US$ in thousands
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | lululemon athletica inc. market (fair) value less invested capital. | lululemon athletica inc. MVA decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level. |
MVA Spread Ratio
lululemon athletica inc., MVA spread ratio calculation, comparison to benchmarks
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Market value added (MVA)1 | 55,762,496) | 37,275,461) | 40,970,363) | 38,464,525) | 23,868,870) | 17,547,815) | |
| Invested capital2 | 5,978,501) | 4,526,979) | 3,909,051) | 3,672,427) | 3,008,240) | 2,459,537) | |
| Performance Ratio | |||||||
| MVA spread ratio3 | 932.72% | 823.41% | 1,048.09% | 1,047.39% | 793.45% | 713.46% | |
| Benchmarks | |||||||
| MVA Spread Ratio, Competitors4 | |||||||
| Nike Inc. | — | 745.30% | 764.83% | 1,149.95% | 776.97% | 904.20% | |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).
1 MVA. See details »
2 Invested capital. See details »
3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 55,762,496 ÷ 5,978,501 = 932.72%
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. | lululemon athletica inc. MVA spread ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
MVA Margin
lululemon athletica inc., MVA margin calculation, comparison to benchmarks
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Market value added (MVA)1 | 55,762,496) | 37,275,461) | 40,970,363) | 38,464,525) | 23,868,870) | 17,547,815) | |
| Net revenue | 9,619,278) | 8,110,518) | 6,256,617) | 4,401,879) | 3,979,296) | 3,288,319) | |
| Add: Increase (decrease) in unredeemed gift card liability | 55,001) | 43,283) | 52,347) | 35,435) | 21,001) | 16,744) | |
| Adjusted net revenue | 9,674,279) | 8,153,801) | 6,308,964) | 4,437,314) | 4,000,297) | 3,305,063) | |
| Performance Ratio | |||||||
| MVA margin2 | 576.40% | 457.15% | 649.40% | 866.84% | 596.68% | 530.94% | |
| Benchmarks | |||||||
| MVA Margin, Competitors3 | |||||||
| Nike Inc. | — | 296.77% | 346.10% | 542.78% | 396.41% | 327.83% | |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).
1 MVA. See details »
2 2024 Calculation
MVA margin = 100 × MVA ÷ Adjusted net revenue
= 100 × 55,762,496 ÷ 9,674,279 = 576.40%
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. | lululemon athletica inc. MVA margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |