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Micron Technology — 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.MU - Micron Technology]
PERIOD: [2010-ANNUAL ~ 2025-ANNUAL]


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


[~] ROIC Quality: Median 13.7%
    ↳ Median > 15% = high returns
[~] ROIC Stability: CoV 118.4%
    ↳ CoV < 10% = highly stable
[~] Gross Margin Stability: 38.1%
    ↳ CoV < 10% = stable pricing power
[~] Economic Moat (ROIC-WACC): 3.7%
    ↳ > 5% = creating economic value


Metric  Gross Margin       ROIC
-------------------------------
Mean           30.1%      11.8%
Median         32.1%      13.7%
Max            58.9%      44.2%
Min            -9.1%     -11.5%
StdDev         16.0%      14.0%
CoV            53.0%     118.4%
Slope       0.38%/yr  -0.00%/yr
R²                1%         0%


[DATA]


Period       Revenue  Gross Profit    GM%    ROIC  ROIC-WACC
------------------------------------------------------------
2010 ANNUAL    8.48B         2.71B  32.0%       -          -
2011 ANNUAL    8.79B         1.76B  20.0%    7.2%      -2.8%
2012 ANNUAL    8.23B       968.00M  11.8%   -7.7%     -17.7%
2013 ANNUAL    9.07B         1.85B  20.4%    3.0%      -7.0%
2014 ANNUAL   16.36B         5.44B  33.2%   24.0%      14.0%
2015 ANNUAL   16.19B         5.21B  32.2%   19.9%       9.9%
2016 ANNUAL   12.40B         2.50B  20.2%    1.3%      -8.7%
2017 ANNUAL   20.32B         8.44B  41.5%   23.4%      13.4%
2018 ANNUAL   30.39B        17.89B  58.9%   44.2%      34.2%
2019 ANNUAL   23.41B        10.70B  45.7%   18.8%       8.8%
2020 ANNUAL   21.43B         6.55B  30.6%    6.9%      -3.1%
2021 ANNUAL   27.70B        10.42B  37.6%   13.7%       3.7%
2022 ANNUAL   30.76B        13.90B  45.2%   17.6%       7.6%
2023 ANNUAL   15.54B        -1.42B  -9.1%  -11.5%     -21.5%
2024 ANNUAL   25.11B         5.61B  22.4%    2.1%      -7.9%
2025 ANNUAL   37.38B        14.87B  39.8%   14.4%       4.4%
audit moat
MOAT ASSESSMENT TICKER: [US.MU - Micron Technology] PERIOD: [2010-ANNUAL ~ 2025-ANNUAL]
Parameter Value
----------------
WACC 10%
Tax Rate 21.0%
[~] ROIC Quality: Median 13.7% ↳ Median > 15% = high returns
[~] ROIC Stability: CoV 118.4% ↳ CoV < 10% = highly stable
[~] Gross Margin Stability: 38.1% ↳ CoV < 10% = stable pricing power
[~] Economic Moat (ROIC-WACC): 3.7% ↳ > 5% = creating economic value
Metric Gross Margin ROIC
-------------------------------
Mean 30.1% 11.8%
Median 32.1% 13.7%
Max 58.9% 44.2%
Min -9.1% -11.5%
StdDev 16.0% 14.0%
CoV 53.0% 118.4%
Slope 0.38%/yr -0.00%/yr
R² 1% 0%
[DATA]
Period Revenue Gross Profit GM% ROIC ROIC-WACC
------------------------------------------------------------
2010 ANNUAL 8.48B 2.71B 32.0% - -
2011 ANNUAL 8.79B 1.76B 20.0% 7.2% -2.8%
2012 ANNUAL 8.23B 968.00M 11.8% -7.7% -17.7%
2013 ANNUAL 9.07B 1.85B 20.4% 3.0% -7.0%
2014 ANNUAL 16.36B 5.44B 33.2% 24.0% 14.0%
2015 ANNUAL 16.19B 5.21B 32.2% 19.9% 9.9%
2016 ANNUAL 12.40B 2.50B 20.2% 1.3% -8.7%
2017 ANNUAL 20.32B 8.44B 41.5% 23.4% 13.4%
2018 ANNUAL 30.39B 17.89B 58.9% 44.2% 34.2%
2019 ANNUAL 23.41B 10.70B 45.7% 18.8% 8.8%
2020 ANNUAL 21.43B 6.55B 30.6% 6.9% -3.1%
2021 ANNUAL 27.70B 10.42B 37.6% 13.7% 3.7%
2022 ANNUAL 30.76B 13.90B 45.2% 17.6% 7.6%
2023 ANNUAL 15.54B -1.42B -9.1% -11.5% -21.5%
2024 ANNUAL 25.11B 5.61B 22.4% 2.1% -7.9%
2025 ANNUAL 37.38B 14.87B 39.8% 14.4% 4.4%