税后净营业利润

其中，投入资本成本包括债务资本成本和权益资本成本，税后净营业利润则以企业财务报表为基础，通过对财务报表的数据进行调整和计算得出。

Among them , the investment cost includes the debt capital cost and equity capital , NOPAT bases on the financial report of company after being adjusted and computed .

但是，根据理论分析，经济增加值指标还有可能会导致企业经营者的短期化行为，一味缩小投资规模，而不通过提高税后净营业利润来提高经济增加值。

However , the calculation formula of EVA may also lead to the managers ' short-term behavior , and blindly reduce the scale of investment , rather than by increasing the net operating profit after tax to increase EVA .

创值，又被人们称为经济增加值（EVA），等于税后净营业利润与全部资本成本之间的差额。

EVA ( Economic Value Added ) is the difference between after-tax profits and the capital costs .

EVA的简单定义是调整后的税后净营业利润减去全部资本成本后的利润余额。

The simple definition of EVA is profits which is net after-tax adjusted operating profit minus the total capital cost .

EVA是企业税后净营业利润与投入资本成本的差额。

As defined by Stern Stewart Management Service of New York City , EVA is the difference of a company 's net operating income after taxes ( NOPAT ) and its cost of capital of both equity and debt .

它是公司经过调整的税后净营业利润减去其现有资产经济价值的机会成本后的余额。

It is the net operating profit after taxes minus the economic cost of a company 's current assets .

二是对损益表和资产负债表进行了适当的调整，消除了不同会计处理方法对税后净营业利润和投入资本数值的扭曲。

The second is proper adjustment on income statement and balance sheet , removing the distortion of different account dealings on profit of after-tax and input capital value .