#### Overview of this book

DAX provides an extra edge by extracting key information from the data that is already present in your model. Filled with examples of practical, real-world calculations geared toward business metrics and key performance indicators, this cookbook features solutions that you can apply for your own business analysis needs. You'll learn to write various DAX expressions and functions to understand how DAX queries work. The book also covers sections on dates, time, and duration to help you deal with working days, time zones, and shifts. You'll then discover how to manipulate text and numbers to create dynamic titles and ranks, and deal with measure totals. Later, you'll explore common business metrics for finance, customers, employees, and projects. The book will also show you how to implement common industry metrics such as days of supply, mean time between failure, order cycle time and overall equipment effectiveness. In the concluding chapters, you'll learn to apply statistical formulas for covariance, kurtosis, and skewness. Finally, you'll explore advanced DAX patterns for interpolation, inverse aggregators, inverse slicers, and even forecasting with a deseasonalized correlation coefficient. By the end of this book, you'll have the skills you need to use DAX's functionality and flexibility in business intelligence and data analytics.
Table of Contents (15 chapters)
Preface
Thinking in DAX
Tangling with Time and Duration
Transforming Text and Numbers
Evaluating Employment Measures
Processing Project Performance
Calculating Common Industry Metrics
Solving Statistical and Mathematical Formulas
Applying Advanced DAX Patterns
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# Determining human capital value added

Human capital value added, or HCVA, is a measure that quantifies the profit that the average employee contributes to an organization within a specified period of time. HCVA is quite distinct from the Revenue Per Employee (RPE) metric, which is simply the amount of revenue for the organization divided by the number of full-time equivalent employees (FTEs). In contrast, HCVA measures the average profitability an employee contributes to the organization versus the average revenue. The formula for HCVA is given by the following:

This recipe demonstrates how to calculate HCVA on a quarterly basis, which is the recommended frequency for calculating HCVA.

# Getting ready

To prepare for this recipe...