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Extreme DAX

Extreme DAX

By : Michiel Rozema, Henk Vlootman
4.9 (44)
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Extreme DAX

Extreme DAX

4.9 (44)
By: Michiel Rozema, Henk Vlootman

Overview of this book

This book helps business analysts generate powerful and sophisticated analyses from their data using DAX and get the most out of Microsoft Business Intelligence tools. Extreme DAX will first teach you the principles of business intelligence, good model design, and how DAX fits into it all. Then, you’ll launch into detailed examples of DAX in real-world business scenarios such as inventory calculations, forecasting, intercompany business, and data security. At each step, senior DAX experts will walk you through the subtleties involved in working with Power BI models and common mistakes to look out for as you build advanced data aggregations. You’ll deepen your understanding of DAX functions, filters, and measures, and how and when they can be used to derive effective insights. You’ll also be provided with PBIX files for each chapter, so that you can follow along and explore in your own time.
Table of Contents (17 chapters)
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1
Part I: Introduction
6
Part II: Business cases
15
Other Books You May Enjoy
16
Index

Calculating cost-covering rent

The last topic in this chapter is about cost-covering rent, or CCR for short. This is the answer to the question: what is the minimum rent to charge property tenants to make the investment break even?

Let's go back to the NPV formula once again:

The IRR is calculated by solving this formula for the rate r at zero NPV:

The cost-covering rent also comes from solving the NPV formula, but now for (roughly) the future values:

To be more precise, while our future values are composed of multiple components, we only want to solve for the (initial) recurring positive cash flows in this case. The question is therefore: instead of the positive recurring cash flows in the fPosCashFlows table, and specifically those with Type 2 (rent), which values can we use to get a zero NPV?

Like with the IRR, there is no direct way of calculating this. And worse, there is no DAX function that will solve this equation. We therefore need...

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