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npv vs irr

npv irr

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npv vs irr

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  1. 金刚钻-SJ NPV

  2. 金刚钻-SJ IRR

  3. 金刚钻-SJ NPV v.s. IRR • NPV的结果是一个数值,含义较为明确，也易于理解；IRR的结果是一个百分比（对项目的预期回报），它反映投资额的回收能力 • 计算NPV的时候未来每年的现金流是可以变化的，而IRR不行 • NPV更适合用于评估长期项目,有些项目中间需要再投资，会有某年出现负的现金流，这些现金流的变化对计算NPV来说没有问题； IRR更适合用于评估短期现金流稳定的项目 • 不一样的折现率会算出不一样的NPV,但是计算IRR只会有一个结果 • 大众以及企业管理者比较喜欢用IRR，更直白，易比较。举例，项目A的IRR是8%， 项目B的IRR是6%，那么CEO应该选择投资项目A.

  4. 金刚钻-SJ 总结 • NPV优于IRR, NPV可以反映项目给公司所带来的额外价值，并且用起来更灵活，不需要稳定的现金流

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