Economic value-added and its information value for shareholders

The economic value-added index (further EVA) is rated as one of the key indicators of the company’s achievement on the market. Nevertheless, several forms of its calculation are listed in literature. The problem is rooted in similar interpretation of different EVA calculation methods even though different categories of profit and sums of capital (total capital, invested capital or equity) are taken into account. The analysis of some EVA calculation methods and their impact on the interpretation of the EVA indicator in practice are provided. Information value of the chosen EVA calculation methods is demonstrated on the example of CSAD Jihotrans company.