【正文】 下午 6時 14分 7秒 下午 6時 14分 18:14: MOMODA POWERPOINT Lorem ipsum dolor sit amet, consectetur adipiscing elit. Fusce id urna blandit, eleifend nulla ac, fringilla purus. Nulla iaculis tempor felis ut cursus. 感謝您的下載觀看 專家告訴 。 2023年 2月 下午 6時 14分 :14February 14, 2023 ? 1業(yè)余生活要有意義，不要越軌。 :14:0718:14:07February 14, 2023 ? 1意志堅強的人能把世界放在手中像泥塊一樣任意揉捏。 18:14:0718:14:0718:14Tuesday, February 14, 2023 ? 1知人者智，自知者明。 18:14:0718:14:0718:142/14/2023 6:14:07 PM ? 1越是沒有本領的就越加自命不凡。 下午 6時 14分 7秒 下午 6時 14分 18:14: ? 楊柳散和風，青山澹吾慮。 2023年 2月 下午 6時 14分 :14February 14, 2023 ? 1少年十五二十時，步行奪得胡馬騎。 2023年 2月 14日星期二 下午 6時 14分 7秒 18:14: ? 1楚塞三湘接，荊門九派通。 18:14:0718:14:0718:14Tuesday, February 14, 2023 ? 1不知香積寺，數(shù)里入云峰。 18:14:0718:14:0718:142/14/2023 6:14:07 PM ? 1成功就是日復一日那一點點小小努力的積累。 下午 6時 14分 7秒 下午 6時 14分 18:14: ? 沒有失敗，只有暫時停止成功！。 2023年 2月 下午 6時 14分 :14February 14, 2023 ? 1行動出成果，工作出財富。 2023年 2月 14日星期二 下午 6時 14分 7秒 18:14: ? 1比不了得就不比，得不到的就不要。 18:14:0718:14:0718:14Tuesday, February 14, 2023 ? 1乍見翻疑夢，相悲各問年。 18:14:0718:14:0718:142/14/2023 6:14:07 PM ? 1以我獨沈久，愧君相見頻。000s EVA improve by $224,991 EVA improve by $142,763 Is there Trade off between capital T/O and Nopat Margin? EVA improve by a further $7,524 Using {Client’s} 2023 EVA as an illustration, the largest EVA opportunity is from NOPAT margin improvement (A) (B) (C) (D) {Client} Best In Class Analysis, in Thousand Dollars Current EVA Achieve NOPAT Margin Achieve Capital Turns Achieve NOPAT Margin Capital Turns Achieve Return on Capital Sales 670,895 670,895 670,895 670,895 670,895 NOPAT (4,080) 171,829 (4,080) 171,829 98,516 Avg Capital 426,138 426,138 132,846 132,846 218,018 WACC % % % % % EVA (86,325) 138,666 (29,720) 146,190 56,438 33 The industry valuebased strategy map indicates the market’s approval of certain business strategies V alue Based S trategy MapA i rbo rneA tlasBaltransCNFE GLFedexE xpedi torsUPS (100 %) (80%) (60%) (40%) (20%)0%20%40%60%80%100% (5%) 0% 5% 10% 15% 20%E V A per dol l ar of Capi talFGV per dollar of MVA irbor ne A t las A ir B alt rans CNF E GL Fedex E xp edit ors UPSProspectsBench Ri ders Steady Vet eransSuperstar s 34 ? 靜夜四無鄰，荒居舊業(yè)貧。 Other Financing) In the EVA framework, we must turn the accounting model into an economic model 13 Cost of Debt Cost of Capital ? % + Cost of Equity ? % ? % The cost of capital prises both debt equity costs ?Risk Free Rate ?Equity Risk ?Premium ?Debt Premium (Credit spread) 14 Cost of Equity Capital (required return by equity holders) Risk (223。Operating efficiency Market value US as example 50% 40% 30% 20% 10% Correlation with stock price EVA ROE Cash Flow EPS Revenue As a measure of business intrinsic value, EVA correlates with stock price better than other measures EVA measure gives more insights into the business From Enron’s 2023 Annual Report (Letter to Shareholders): Enron’s performance in 2023 was a success by any measure…The pany’s ine reached a record in 2023. Enron is laserfocused on earning