Compustat 簡介

advertisement
Getting started with Compustat data
2013Mar
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
Copyright © 2011 Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. All rights reserved.
主要內容
• Compustat 簡介
• 訂購數據分類及覆蓋
• Compustat 數據的須知
• 在沃頓 (WRDS)上使用Compustat 數據
• 客服服務
2.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
Compustat 簡介
3.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
Compustat 簡介
• Compustat 是一個全面的財務數據庫, 收錄公司之營運及財務狀況資料庫.
• 直到2011八月, Compustat 涵蓋120多個國家, 超過 85,000上市/已退市公司,超過
99,000隻証券,佔全球市值99%.
• 數據包括:
•
- 財務報告, 市場價格, 指數價格,
•
- 行業分類代碼, S&P 評級 等等
• 客戶群:
•
•
4.
- 金融機構, 銀行, 基金, 會計公司, 稅局
- 其應用的研究領域包括有公司資本結構、財務比率、合併與併購、R&D、資本
及存貨投資、股市報酬、及資本市場效率等課題
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
關於 Compustat
• Wharton Research Data Services (WRDS) - 是我們的合作伙伴, 提供學校一個平台獲取
Compustat數據
• 現在, 全球有超過328間頂級大學經過 WRDS 訂約了 Compustat, 包括 :
Peking University
Tsinghua University
University of California, Berkeley
University of Hong Kong
The Hong Kong University of Science and Technology
Chinese University of Hong Kong
Boston University
University of Sydney
Massachusetts Institute of Technology
etc…
5.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
訂購數據分類及覆蓋
6.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
Compustat 數據分類及覆蓋
• North America & Backdata (美國+加拿大上市公司的數據)
• Segment data (NA only) (限於北美公司)
• Bank specific data (NA only) (限於北美公司)
7.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
North America & Backdata
• Compustat North America & Backdata 提供美國和加拿大上市公司
及已退市公司的基礎財務數據,市場交易數據,標普指數和標普評級
信息
• 數據覆蓋 - 34,000 家公司
• 數據更新頻率– 每月更新(monthly)
• 數據歷史 – 年度數據可以回溯到1979年,其中有35個科目年度歷史數據可回溯到1950
年
– 季度數據提供12年歷史,其中35個科目可追溯到1962年
– 月度交易價格追溯到1962年
• 財務數據科目
– 超過300個年度數據科目和100個季度數據科目,覆蓋利潤表、資產負債表
、現金流量表及附注科目
• 財務數據格式
– 年度: 最初報告格式和經調整的格式 (Restated)
– 季度:經調整的格式
8.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
North America & Backdata
• 特殊行業包含
- Airlines
- Gaming
- Healthcares facilities
- Lodging
- Managed Healthcares
- Mining
- Oil and Gas
- Retail
- Semi-conductors
- Utility
9.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
North America & Backdata
• 信用評级
- 月度數據
- 公司層面
- 數據科目包括
# SPLTICRM -- S&P本土長期發債人信用評级
# SPSDRM -- S&P 債務行用評級
# SPSTICRM -- S&P 本土短期發債人信用評级
10.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
Segment
• 企業細分數據:提供美國和加拿大公司根據不同的業
務和區域細分數據
• 數據為年度數據
• 覆蓋面-超過 31,000 家公司
• 數據歷史-可回溯到1978
• 數據來源-企業披露的年報
11.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
Segment
• 舉例
McGraw-Hill在2010年年報中披露的各業務部門和區域的銷售收入
按業務部門分
按區域分
12.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
Bank File
• 銀行數據:包含銀行的存款和貸款數據
• 數據覆蓋 – 包含北美600多家銀行的存貸信息
• 數據歷史
– 20年的年度歷史數據
– 12年的季度歷史數據
13.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
Compustat 數據基礎構成
14.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
North America & Backdata
• 5個主要制定報告的科目
- GVKEY: 公司唯一識別碼
- Datadate: 數據時間
- Consolidation:
- 描述報告是母公司數據還是與子公司合並的數據
- C: 表示合並報告,摘錄於公司報告
- N: 表示母公司報告
- Data Format:
- 表示數據收集及呈現的可是
- 北美公司: STD, SUMM_STD,
- Industrial Format:
- 表示公司是金融類(FS)或者工業類(INDL)
15.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
North America & Backdata
舉例:
JPMorgan 在2010财年資產總額摘錄的3個記錄
第一個是工業類的標准格式
第二個是工業類的經調整過的格式
16.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
Data Standardization
標准化設定的目的:
- 以確保財務數據比較時的一致性和精准性
標准化設定科目舉例:
利潤表 :
- Sales 銷售收入
- COGS 銷貨成本
- SG&A 銷售及管理費用
- Depreciation 折舊
- Interest Expense 利息費用
- Special Items 特殊項目
- EPS from Operations 營運中的每股收益
17.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
數據的標准化設定
Sales 銷售收入
大部分公司的財務報告隻披露一個銷售收入的淨值,不會進一步披露細節或很少披露細節
銷售收入是已經計算完折扣,補貼和稅款的。
已經被計入這個科目的,包含:
- 现金折扣或交易折扣
- 退貨補貼
- 在交易中的銷售稅和貨物稅
實際的銷售稅幾乎不會被披露。
貨物稅相關的特殊行業:
石油
煙草
電話
輪胎及橡膠
一般情況下會披露貨物稅,會在利潤表附表中披綠。如果銷售收入中包含了貨物稅且貨物稅也在附表中披露了,那
麼銷售收入會根據貨物稅做調整,然后在銷貨成本中做反向調整。
如果銷售收入包含了貨物稅且銷貨誰沒有被披露,那麼銷售收入不被調整,腳注會用BA來提醒您銷售收入已經包含
了貨物稅。
18.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
Data Standardization
Interest Expense 利息費用
Compustat 的 定義是不包含資本化利息或者有利息收入.
所以如果公司把利息資本化或者有利息收入, Compustat 在扣除資本化利息和利息收入前, 把 原本利息費用勾銷
如果公司決定利息費用是資本利息和/或利息收入的淨值,那麼利息收入的腳注就會用QA來表示。
Debt and interest Expense 債務負擔
如果公司披露了有債務要償付且沒有利息費用和其他信息披露,那麼我們假定利息費用這個科目與另外的科目合並
披露了,這時我們會用CF來表示這個科目。
在這個假設做出前,我們的分析師會仔細查看財務報表的附注,特別是債項的附注和MDA看是否利息費用做了披露
如果我們發現所有的債務都為無息債務,利息費用會顯示零
19.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
脚注 Footnote
Compustat數據的一個重要組成部分
用字母來表示財務數據的收集情況
常用腳注解釋:
AC 數據由於再次披露而做了調整
BD 銷貨成本COGS調整了折舊
QA 財務費用是利息費用的淨值或包含資本費用的淨值
NR 表示計算時用到了法定的稅率
NC 表示Compustat的計算是有別於公司披露的數據的
ZF 表示股本數據與上一個同等時間段保持一致
20.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
脚注 Footnote
Example
21.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
數據代碼 Data Code
數據代碼是指出為什麼個別科目沒有數字數據。
數據代碼主要有以下表示方法:
2 - SF= Semi-Annual Figure(半年度數據)
3 - AF = Annual Figure (年度數據)
4 - CF = Combined Figure(合並數據)
8 - IF = Insignificant Figure(非重要數據)
6 - NM = Not Meaningful(無意義數據)
其中最常用的數據代碼為AF, CF, SF
The Full list of
22.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
數據代碼 Data Code
Example
23.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
在沃頓上使用Compustat 數據
24.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
關於 Compustat
Xpressfeed
Xpressfeed
Compustat
數據
WRDS
Research Insight
Capital IQ platform
其他傳送方式
25.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
用
户
在沃顿平台的帐号注册
• http://wrds-web.wharton.upenn.edu/wrds/?register=1
26.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
在沃顿使用Compustat 數據
• 網絡上的數據查詢: 在網絡平台上直接查詢數據
•
注意: 不是所有的數據都可以用網絡平台查詢的
• 沃頓其他傳輸方式 –可擴展的高性能計算與存儲
27.
•
- PC SAS 連接 (客戶端服務器)
•
- Unix 終端連接
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
網絡平台查詢
28.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
网络平台查询
1.
2.
3.
4.
29.
設置查詢時間段(What date range do you want to use?)
設置查詢數據集(How would you like to search this dataset?)
設置報告顯示科目(What variables do you want in your query?)
設置輸出報告格式(How would you like the query output?
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
客戶服務
30.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
支援服務
• TOOLS – 用於普通查詢,點擊按鈕即可看到數據
• SUPPORT – 用戶手冊,數據科目列表等等…
• E-LEARNING – 在線培訓錄音文件,培訓文件
31.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
客户服务
• 線上用戶手冊
客户服务
– [email protected] (Works in US hours)
32.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
謝謝!
33.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
www.standardandpoors.com
Copyright © 2011 by Standard & Poor’s Financial Services LLC (S&P), a subsidiary of The McGraw-Hill Companies, Inc. All rights reserved. No content (including ratings, credit-related analyses and data,
model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database
or retrieval system, without the prior written permission of S&P. The Content shall not be used for any unlawful or unauthorized purposes. S&P, its affiliates, and any third-party providers, as well as their
directors, officers, shareholders, employees or agents (collectively S&P Parties) do not guarantee the accuracy, completeness, timeliness or availability of the Content. S&P Parties are not responsible for any
errors or omissions, regardless of the cause, for the results obtained from the use of the Content, or for the security or maintenance of any data input by the user. The Content is provided on an “as is” basis.
S&P PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE,
FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE CONTENT’S FUNCTIONING WILL BE UNINTERRUPTED OR THAT THE CONTENT WILL OPERATE WITH ANY SOFTWARE OR HARDWARE
CONFIGURATION. In no event shall S&P Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or
losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the Content even if advised of the possibility of such damages.
Credit-related analyses, including ratings, and statements in the Content are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or
sell any securities or to make any investment decisions. S&P assumes no obligation to update the Content following publication in any form or format. The Content should not be relied on and is not a
substitute for the skill, judgment and experience of the user, its management, employees, advisors and/or clients when making investment and other business decisions. S&P’s opinions and analyses do not
address the suitability of any security. S&P does not act as a fiduciary or an investment advisor. While S&P has obtained information from sources it believes to be reliable, S&P does not perform an audit
and undertakes no duty of due diligence or independent verification of any information it receives.
S&P keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain business units of S&P may
have information that is not available to other S&P business units. S&P has established policies and procedures to maintain the confidentiality of certain non–public information received in connection with
each analytical process.
S&P may receive compensation for its ratings and certain credit-related analyses, normally from issuers or underwriters of securities or from obligors. S&P reserves the right to disseminate its opinions and
analyses. S&P's public ratings and analyses are made available on its Web sites, www.standardandpoors.com (free of charge), and www.ratingsdirect.com and www.globalcreditportal.com (subscription),
and may be distributed through other means, including via S&P publications and third-party redistributors. Additional information about our ratings fees is available at
www.standardandpoors.com/usratingsfees.
STANDARD & POOR’S and S&P are registered trademarks of Standard & Poor’s Financial Services LLC.
Permission to reprint or distribute any content from this presentation requires the prior written approval of S&P Capital IQ. Not for distribution to the public.
34.
Download
Related flashcards

Classes of computers

19 cards

Web development

38 cards

Computer science

29 cards

Software

43 cards

System software

24 cards

Create Flashcards