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Apple — 护城河评估

$打开交互终端运行 `audit moat` 并使用自定义选项。→
资本流向回报率指标盈利质量负债纪律护城河评估
MOAT ASSESSMENT

TICKER: [US.AAPL - Apple]
PERIOD: [2010-ANNUAL ~ 2025-ANNUAL]


Parameter  Value
----------------
WACC         10%
Tax Rate   21.0%


[+] ROIC Quality: Median 766.4%
    ↳ Median > 15% = high returns
[~] ROIC Stability: CoV 34.0%
    ↳ CoV < 10% = highly stable
[+] Gross Margin Stability: 7.5%
    ↳ CoV < 10% = stable pricing power
[+] Economic Moat (ROIC-WACC): 756.4%
    ↳ > 5% = creating economic value


Metric  Gross Margin        ROIC
--------------------------------
Mean           40.9%      764.7%
Median         39.7%      766.4%
Max            46.9%     1077.7%
Min            37.6%      448.2%
StdDev          3.1%      260.1%
CoV             7.5%       34.0%
Slope       0.37%/yr  -74.15%/yr
R²               33%         14%


[DATA]


Period       Revenue  Gross Profit    GM%     ROIC  ROIC-WACC
-------------------------------------------------------------
2010 ANNUAL   65.22B        25.68B  39.4%        -          -
2011 ANNUAL  108.25B        43.82B  40.5%        -          -
2012 ANNUAL  156.51B        68.66B  43.9%        -          -
2013 ANNUAL  170.91B        64.30B  37.6%        -          -
2014 ANNUAL  182.79B        70.54B  38.6%        -          -
2015 ANNUAL  233.72B        93.63B  40.1%        -          -
2016 ANNUAL  215.64B        84.26B  39.1%        -          -
2017 ANNUAL  229.23B        88.19B  38.5%        -          -
2018 ANNUAL  265.60B       101.84B  38.3%        -          -
2019 ANNUAL  260.17B        98.39B  37.8%        -          -
2020 ANNUAL  274.51B       104.96B  38.2%        -          -
2021 ANNUAL  365.82B       152.84B  41.8%        -          -
2022 ANNUAL  394.33B       170.78B  43.3%   815.6%     805.6%
2023 ANNUAL  383.29B       169.15B  44.1%   717.3%     707.3%
2024 ANNUAL  391.04B       180.68B  46.2%  1077.7%    1067.7%
2025 ANNUAL  416.16B       195.20B  46.9%   448.2%     438.2%
audit moat
MOAT ASSESSMENT TICKER: [US.AAPL - Apple] PERIOD: [2010-ANNUAL ~ 2025-ANNUAL]
Parameter Value
----------------
WACC 10%
Tax Rate 21.0%
[+] ROIC Quality: Median 766.4% ↳ Median > 15% = high returns
[~] ROIC Stability: CoV 34.0% ↳ CoV < 10% = highly stable
[+] Gross Margin Stability: 7.5% ↳ CoV < 10% = stable pricing power
[+] Economic Moat (ROIC-WACC): 756.4% ↳ > 5% = creating economic value
Metric Gross Margin ROIC
--------------------------------
Mean 40.9% 764.7%
Median 39.7% 766.4%
Max 46.9% 1077.7%
Min 37.6% 448.2%
StdDev 3.1% 260.1%
CoV 7.5% 34.0%
Slope 0.37%/yr -74.15%/yr
R² 33% 14%
[DATA]
Period Revenue Gross Profit GM% ROIC ROIC-WACC
-------------------------------------------------------------
2010 ANNUAL 65.22B 25.68B 39.4% - -
2011 ANNUAL 108.25B 43.82B 40.5% - -
2012 ANNUAL 156.51B 68.66B 43.9% - -
2013 ANNUAL 170.91B 64.30B 37.6% - -
2014 ANNUAL 182.79B 70.54B 38.6% - -
2015 ANNUAL 233.72B 93.63B 40.1% - -
2016 ANNUAL 215.64B 84.26B 39.1% - -
2017 ANNUAL 229.23B 88.19B 38.5% - -
2018 ANNUAL 265.60B 101.84B 38.3% - -
2019 ANNUAL 260.17B 98.39B 37.8% - -
2020 ANNUAL 274.51B 104.96B 38.2% - -
2021 ANNUAL 365.82B 152.84B 41.8% - -
2022 ANNUAL 394.33B 170.78B 43.3% 815.6% 805.6%
2023 ANNUAL 383.29B 169.15B 44.1% 717.3% 707.3%
2024 ANNUAL 391.04B 180.68B 46.2% 1077.7% 1067.7%
2025 ANNUAL 416.16B 195.20B 46.9% 448.2% 438.2%