After-tax operating profit minus the after-tax weighted-average cost of capital multiplied by total assets minus current liabilities equals:

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Economic Value Added (EVA) is calculated by taking the after-tax operating profit and subtracting the after-tax weighted average cost of capital (WACC) multiplied by the company's capital (total assets minus current liabilities). This measures a company's financial performance based on the residual wealth calculated by deducting its cost of capital from its operating profit, adjusted for taxes.

After-Tax Operating Profit Minus the After-Tax Weighted-Average Cost of Capital