- 毛利率代表著產品的競爭優勢, 要和同一個產業做比較. 如果毛利率很低的話, 就要看公司的營收規模是否夠大
- 毛利率從谷底回升, 或許就是開始反轉的訊號
- 營益率代表著公司的經營效率
- 在不大幅舉債的前提下, ROE可以看出公司的經營品質
- 穩定或持續提升的毛利率和營益率十分重要, 要當心持續下滑的毛利率和營益率
- 本業收入比高的公司, 才容易預估財測, 值得花心力去研究
- 無形資產佔總資產比高的公司, 可能代表這家公司是透過併購來成長. 但如果佔比高的不合理, 則要當心
- 併購後有沒有發揮1+1>2, 營益率是一個很好的觀察指標
- 要檢視ROE上升或下滑的原因, 根據杜邦分析不外乎是利潤率, 營收, 財務槓桿的增減
- 租賃業要觀察延滯率(在銀行稱為逾放比率)的變化. 如果越來越多客戶拖延還錢(延滯率上升), 就代表接下來放款的錢也會變少(放款率下降)
| EPS QoQ YoY | 營業毛利率 QoQ YoY | 營業利益率 QoQ YoY | 稅前淨利率 QoQ YoY | 稅後淨利率 QoQ YoY | 股東權益報酬率 QoQ YoY | 資產報酬率 QoQ YoY | 總資產周轉率 QoQ YoY | EBITDA利潤率 QoQ YoY | 財務槓桿 QoQ YoY | 本業收入比 QoQ YoY | 業外獲益比 QoQ YoY | 用人費用率 QoQ YoY | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q4 (20) | 0.67 | -15.19 | -9.46 | 27.60 | 6.44 | 12.84 | 14.56 | 49.49 | 17.8 | 9.99 | -27.35 | 13.39 | 7.95 | -27.73 | 12.77 | 1.57 | -19.9 | -22.66 | 1.02 | -25.0 | -4.67 | 0.11 | 10.0 | -15.38 | 22.77 | -24.33 | 5.96 | 78.49 | 3.74 | -37.02 | 145.60 | 105.75 | 3.46 | -45.60 | -255.95 | -13.41 | 16.89 | -5.48 | 21.86 |
| 24Q3 (19) | 0.79 | 9.72 | 11.27 | 25.93 | -3.78 | 21.97 | 9.74 | -29.22 | 8.1 | 13.75 | 26.85 | 35.2 | 11.00 | 25.71 | 35.14 | 1.96 | 3.16 | -3.45 | 1.36 | 22.52 | 24.77 | 0.10 | -9.09 | -9.09 | 30.09 | 18.65 | 16.54 | 75.66 | -7.47 | -41.66 | 70.76 | -44.32 | -20.39 | 29.24 | 207.91 | 151.17 | 17.87 | 11.69 | 7.91 |
| 24Q2 (18) | 0.72 | -38.46 | -7.69 | 26.95 | 1.09 | 32.89 | 13.76 | -1.15 | 94.08 | 10.84 | -31.99 | -1.9 | 8.75 | -31.43 | -1.02 | 1.90 | -41.36 | -17.75 | 1.11 | -30.19 | -5.93 | 0.11 | 0.0 | 0.0 | 25.36 | -15.44 | -2.98 | 81.77 | -35.03 | -41.7 | 127.09 | 45.78 | 99.05 | -27.09 | -311.33 | -175.93 | 16.00 | -1.72 | -1.78 |
| 24Q1 (17) | 1.17 | 58.11 | 95.0 | 26.66 | 8.99 | 16.57 | 13.92 | 12.62 | 39.9 | 15.94 | 80.93 | 71.95 | 12.76 | 80.99 | 73.84 | 3.24 | 59.61 | 81.01 | 1.59 | 48.6 | 74.73 | 0.11 | -15.38 | 10.0 | 29.99 | 39.55 | 22.01 | 125.85 | 0.98 | -11.24 | 87.18 | -38.05 | -18.7 | 12.82 | 131.89 | 277.35 | 16.28 | 17.46 | -0.18 |
| 23Q4 (16) | 0.74 | 4.23 | 335.29 | 24.46 | 15.05 | 8.37 | 12.36 | 37.18 | 5.1 | 8.81 | -13.37 | 238.85 | 7.05 | -13.39 | 237.32 | 2.03 | 0.0 | 351.11 | 1.07 | -1.83 | 214.71 | 0.13 | 18.18 | 44.44 | 21.49 | -16.77 | 10.72 | 124.63 | -3.89 | -11.73 | 140.72 | 58.31 | -69.15 | -40.21 | -445.41 | 88.63 | 13.86 | -16.3 | -21.16 |
| 23Q3 (15) | 0.71 | -8.97 | -26.8 | 21.26 | 4.83 | 45.32 | 9.01 | 27.08 | 242.11 | 10.17 | -7.96 | -40.91 | 8.14 | -7.92 | -43.28 | 2.03 | -12.12 | -30.0 | 1.09 | -7.63 | -21.58 | 0.11 | 0.0 | 22.22 | 25.82 | -1.22 | -26.19 | 129.68 | -7.54 | -0.05 | 88.89 | 39.22 | 342.77 | 11.64 | -67.38 | -91.48 | 16.56 | 1.66 | -21.89 |
| 23Q2 (14) | 0.78 | 30.0 | -54.91 | 20.28 | -11.32 | 6.07 | 7.09 | -28.74 | 820.78 | 11.05 | 19.2 | -8.98 | 8.84 | 20.44 | -12.56 | 2.31 | 29.05 | -50.43 | 1.18 | 29.67 | -46.85 | 0.11 | 10.0 | -45.0 | 26.14 | 6.35 | -5.9 | 140.26 | -1.07 | 4.54 | 63.85 | -40.45 | 894.58 | 35.68 | 593.58 | -61.97 | 16.29 | -0.12 | -3.15 |
| 23Q1 (13) | 0.60 | 252.94 | 0 | 22.87 | 1.33 | 0 | 9.95 | -15.39 | 0 | 9.27 | 256.54 | 0 | 7.34 | 251.2 | 0 | 1.79 | 297.78 | 0 | 0.91 | 167.65 | 0 | 0.10 | 11.11 | 0 | 24.58 | 26.64 | 0 | 141.78 | 0.42 | 0 | 107.23 | -76.49 | 0 | -7.23 | 97.96 | 0 | 16.31 | -7.22 | 0 |
| 22Q4 (12) | 0.17 | -82.47 | 0 | 22.57 | 54.27 | 0 | 11.76 | 285.49 | 0 | 2.60 | -84.89 | 0 | 2.09 | -85.44 | 0 | 0.45 | -84.48 | 0 | 0.34 | -75.54 | 0 | 0.09 | 0.0 | 0 | 19.41 | -44.51 | 0 | 141.19 | 8.82 | 0 | 456.10 | 1345.69 | 0 | -353.66 | -358.87 | 0 | 17.58 | -17.08 | 0 |
| 22Q3 (11) | 0.97 | -43.93 | 0 | 14.63 | -23.48 | 0 | -6.34 | -923.38 | 0 | 17.21 | 41.76 | 0 | 14.35 | 41.94 | 0 | 2.90 | -37.77 | 0 | 1.39 | -37.39 | 0 | 0.09 | -55.0 | 0 | 34.98 | 25.92 | 0 | 129.75 | -3.29 | 0 | -36.61 | -670.34 | 0 | 136.61 | 45.6 | 0 | 21.20 | 26.04 | 0 |
| 22Q2 (10) | 1.73 | 0 | 0 | 19.12 | 0 | 0 | 0.77 | 0 | 0 | 12.14 | 0 | 0 | 10.11 | 0 | 0 | 4.66 | 0 | 0 | 2.22 | 0 | 0 | 0.20 | 0 | 0 | 27.78 | 0 | 0 | 134.17 | 0 | 0 | 6.42 | 0 | 0 | 93.83 | 0 | 0 | 16.82 | 0 | 0 |
| EPS YoY | 營業毛利率 YoY | 營業利益率 YoY | 折舊負擔比率 YoY | 稅前淨利率 YoY | 稅後淨利率 YoY | 股東權益報酬率 YoY | 資產報酬率 YoY | 總資產周轉率 YoY | EBITDA利潤率 YoY | 財務槓桿 YoY | 本業收入比 YoY | 業外獲益比 YoY | 無形資產佔總資產比 YoY | 用人費用率 YoY | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 (10) | 3.30 | 14.58 | 26.81 | 20.22 | 13.08 | 34.85 | 12.15 | -0.42 | 12.62 | 28.91 | 10.11 | 29.28 | 8.61 | 6.3 | 5.05 | 17.99 | 0.43 | -4.44 | 26.99 | 10.66 | 78.49 | -37.02 | 103.60 | 4.56 | -3.60 | 0 | 0.05 | -43.33 | 16.73 | 6.76 |
| 2023 (9) | 2.88 | -0.69 | 22.30 | 17.74 | 9.70 | 421.51 | 12.20 | -16.56 | 9.79 | -10.51 | 7.82 | -14.07 | 8.10 | 0.5 | 4.28 | 9.46 | 0.45 | 18.42 | 24.39 | -10.82 | 124.63 | -11.73 | 99.08 | 482.83 | 0.92 | -98.89 | 0.08 | -25.53 | 15.67 | -13.04 |
| 2022 (8) | 2.90 | 65.71 | 18.94 | -26.22 | 1.86 | -76.63 | 14.62 | 14.16 | 10.94 | 96.06 | 9.10 | 100.0 | 8.06 | 70.76 | 3.91 | 61.57 | 0.38 | -15.56 | 27.35 | 39.4 | 141.19 | 9.41 | 17.00 | -88.08 | 83.00 | 0 | 0.11 | 0 | 18.02 | 20.78 |
| 2021 (7) | 1.75 | 53.51 | 25.67 | 40.81 | 7.96 | 13.71 | 12.81 | -22.82 | 5.58 | 16.74 | 4.55 | 11.52 | 4.72 | 55.26 | 2.42 | 39.08 | 0.45 | 40.62 | 19.62 | -15.61 | 129.05 | -2.47 | 142.58 | -2.7 | -42.58 | 0 | 0.00 | 0 | 14.92 | -19.53 |
| 2020 (6) | 1.14 | -64.38 | 18.23 | -20.01 | 7.00 | -45.4 | 16.59 | 46.8 | 4.78 | -62.57 | 4.08 | -61.4 | 3.04 | -63.94 | 1.74 | -57.46 | 0.32 | -8.57 | 23.25 | -9.92 | 132.32 | 2.33 | 146.54 | 45.96 | -46.54 | 0 | 0.00 | 0 | 18.54 | 10.89 |
| 2019 (5) | 3.20 | -47.45 | 22.79 | -25.96 | 12.82 | -24.77 | 11.30 | 14.72 | 12.77 | -46.34 | 10.57 | -41.92 | 8.43 | -49.22 | 4.09 | -45.83 | 0.35 | -10.26 | 25.81 | -26.4 | 129.31 | -1.38 | 100.40 | 40.18 | -0.40 | 0 | 0.00 | 0 | 16.72 | 3.72 |
| 2018 (4) | 6.09 | 5.55 | 30.78 | -7.51 | 17.04 | -26.87 | 9.85 | 13.43 | 23.80 | 19.18 | 18.20 | 18.03 | 16.60 | -0.95 | 7.55 | -4.07 | 0.39 | -18.75 | 35.07 | 17.61 | 131.12 | -1.45 | 71.62 | -38.61 | 28.38 | 0 | 0.00 | 0 | 16.12 | 12.81 |
| 2017 (3) | 5.77 | -28.41 | 33.28 | -7.43 | 23.30 | -9.55 | 8.69 | 15.38 | 19.97 | -22.96 | 15.42 | -25.83 | 16.76 | -38.18 | 7.87 | -41.49 | 0.48 | -23.81 | 29.82 | -12.99 | 133.05 | 14.26 | 116.67 | 17.37 | -16.67 | 0 | 0.00 | 0 | 14.29 | -2.26 |
| 2016 (2) | 8.06 | 0 | 35.95 | 0 | 25.76 | 0 | 7.53 | 0 | 25.92 | 0 | 20.79 | 0 | 27.11 | 0 | 13.45 | 0 | 0.63 | 0 | 34.27 | 0 | 116.45 | 0 | 99.40 | 0 | 0.60 | 0 | 0.00 | 0 | 14.62 | 0 |
