Economic Value Added (EVA) is a financial measurement system employed by The Wills Group. Like all financial measurement systems, it can be expressed as a formula.
But what EVA measures is the value we create- value for customers, value for shareholders, and value for The Wills Group employees. With this in mind, it helps us focus on the best efforts to grow our business and maximize our long-term profit. How? By making smart decisions today about how we invest and utilize our resources. So, EVA is also a management tool- something that helps us do our jobs better and run our business more effectively.
EVA is on its way to become an enduring part of our life at The Wills Group. It's one of the instruments we can use as we build our future success. As a focal point for a number of business management processes, EVA can help us set goals, measure progress, and correct course when needed.
Sustainable, continuous improvement in EVA is getting greater emphasis as the year-to-year financial goal of all our Business Units. As a result, EVA acts as an integrator-something that links....
The Wills Group has been an EVA company since 1995, believing it to be the best financial measure to evaluate progress on our corporate goals.