本文關(guān)鍵詞：兩家高科技上市公司的對(duì)比研究—修正利潤(rùn)率的觀察　出處：《上海交通大學(xué)》2014年碩士論文　論文類(lèi)型：學(xué)位論文

  更多相關(guān)文章： 年報(bào) 財(cái)務(wù)指標(biāo) 修正利潤(rùn)率 發(fā)展戰(zhàn)略

【摘要】：如何識(shí)別最具成長(zhǎng)性的上市公司,這是投資者最關(guān)心的問(wèn)題之一。為了實(shí)現(xiàn)較高的投資效率,我們期望在第一時(shí)間鎖定那些最具成長(zhǎng)潛力的公司,然后再深入挖掘和分析這些公司的生產(chǎn)經(jīng)營(yíng)細(xì)節(jié),最終作出較穩(wěn)妥的投資決策。然而,要快速識(shí)別最具成長(zhǎng)性的公司并非易事。我們了解上市公司的主要途徑就是通過(guò)其季報(bào)、年報(bào)等公開(kāi)資料,但是上市公司的這些資料并非是完全透明的。因此,透過(guò)年報(bào)數(shù)據(jù)而簡(jiǎn)單得出的財(cái)務(wù)指標(biāo)(如凈利率、毛利率)對(duì)我們投資活動(dòng)的指導(dǎo)意義就值得商榷。我們需要的,是過(guò)濾掉各種干擾因素而更加有效的財(cái)務(wù)指標(biāo)工具。本文將通過(guò)對(duì)比分析兩家納斯達(dá)克上市公司來(lái)探究如何識(shí)別更具成長(zhǎng)性的公司。通過(guò)深入分析兩家公司的年報(bào),對(duì)兩家公司進(jìn)行了估值驗(yàn)證,確認(rèn)市場(chǎng)運(yùn)行的價(jià)格是可以解釋的。通過(guò)分析兩家公司在常見(jiàn)財(cái)務(wù)指標(biāo)(毛利率、凈利率)上的表現(xiàn),解釋為什么這些指標(biāo)會(huì)失效。通過(guò)定義新的(修正利潤(rùn)率)財(cái)務(wù)指標(biāo),來(lái)建立識(shí)別更具成長(zhǎng)潛力企業(yè)的方法。通過(guò)分析兩家公司的產(chǎn)品情況以及企業(yè)發(fā)展歷程,來(lái)印證修正利潤(rùn)率指標(biāo)的有效性。同時(shí),筆者也將對(duì)如何才是正確的企業(yè)發(fā)展戰(zhàn)略給出自己的看法。
[Abstract]:How to identify the most growing listed companies is one of the most important concerns of investors. In order to achieve higher investment efficiency, we hope to lock in those companies with the most growth potential in the first time. Then dig into and analyze the production and operation details of these companies, and finally make a more secure investment decision. However. To quickly identify the most growing companies is not easy. The main way to understand listed companies is through their quarterly reports, annual reports and other public information, but these information of listed companies is not completely transparent. The guidance of financial indicators (such as net interest rates, gross margins) to our investment activities based on the annual report data is debatable. What we need is. This article will explore how to identify more growth companies by comparing the two NASDAQ listed companies. Newspaper. The valuation of the two companies was validated to confirm that the market was operating at a price that could be explained. The performance of the two companies on common financial indicators (gross margin, net interest rate) was analysed. Explain why these indicators fail. Establish a way to identify companies with greater growth potential by defining new (revised margin) financial indicators. By analyzing the product profile of the two companies and the course of business development. At the same time, the author will give his own opinion on how to correct the enterprise development strategy.
【學(xué)位授予單位】：上海交通大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類(lèi)號(hào)】：F275;F832.51

【相似文獻(xiàn)】

相關(guān)期刊論文 前3條

1 韓玉汾;;財(cái)務(wù)比率分析指標(biāo)的評(píng)價(jià)[J];現(xiàn)代經(jīng)濟(jì)信息;2014年05期

2 劉清雅;宋英慧;;廣東寶麗華新能源股份有限公司資產(chǎn)結(jié)構(gòu)現(xiàn)狀及優(yōu)化建議[J];商業(yè)經(jīng)濟(jì);2014年15期

3 ;[J];;年期

相關(guān)碩士學(xué)位論文 前2條

1 呂振宇;兩家高科技上市公司的對(duì)比研究—修正利潤(rùn)率的觀察[D];上海交通大學(xué);2014年

2 徐錦璐;長(zhǎng)江電力股份有限公司資產(chǎn)重組的績(jī)效研究[D];安徽大學(xué);2014年

，

本文編號(hào)：1440291