- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q3 (20) | -0.06 | -126.09 | 45.45 | 11.33 | -33.55 | 5.99 | -0.99 | -119.64 | 61.02 | -1.37 | -126.5 | 60.06 | -1.09 | -126.01 | 60.07 | -0.36 | -125.0 | 50.0 | -0.11 | -112.09 | 60.71 | 0.19 | 0.0 | 35.71 | 10.49 | -35.8 | -18.87 | 62.82 | -22.43 | -23.65 | 50.00 | -50.0 | -33.33 | 50.00 | 0 | 100.0 | 22.71 | -2.53 | -8.61 |
| 24Q2 (19) | 0.23 | 15.0 | 1250.0 | 17.05 | -13.14 | 32.79 | 5.04 | -36.68 | 630.53 | 5.17 | 4.23 | 1113.73 | 4.19 | 5.01 | 1297.14 | 1.44 | 15.2 | 1540.0 | 0.91 | 12.35 | 1416.67 | 0.19 | 11.76 | 18.75 | 16.34 | -4.67 | 2.12 | 80.99 | 0.66 | -3.57 | 100.00 | -36.36 | 0.0 | 0.00 | 100.0 | 100.0 | 23.30 | -6.5 | -7.06 |
| 24Q1 (18) | 0.20 | -39.39 | -37.5 | 19.63 | 0.77 | -4.52 | 7.96 | 0.0 | -3.05 | 4.96 | -34.13 | -33.15 | 3.99 | -33.72 | -32.83 | 1.25 | -36.55 | -34.21 | 0.81 | -33.06 | -28.32 | 0.17 | -5.56 | 0.0 | 17.14 | -12.46 | -26.47 | 80.46 | 0.97 | -5.06 | 157.14 | 57.14 | 42.86 | -57.14 | -528.57 | -471.43 | 24.92 | 11.8 | 3.75 |
| 23Q4 (17) | 0.33 | 400.0 | 32.0 | 19.48 | 82.23 | -4.51 | 7.96 | 413.39 | 11.48 | 7.53 | 319.53 | 38.17 | 6.02 | 320.51 | 30.87 | 1.97 | 373.61 | 30.46 | 1.21 | 532.14 | 35.96 | 0.18 | 28.57 | 5.88 | 19.58 | 51.43 | -8.85 | 79.69 | -3.15 | -12.25 | 100.00 | 33.33 | -30.0 | -9.09 | -136.36 | 68.18 | 22.29 | -10.3 | 2.58 |
| 23Q3 (16) | -0.11 | -450.0 | -127.5 | 10.69 | -16.74 | -49.41 | -2.54 | -167.37 | -127.61 | -3.43 | -572.55 | -142.56 | -2.73 | -680.0 | -143.33 | -0.72 | -620.0 | -128.8 | -0.28 | -566.67 | -121.37 | 0.14 | -12.5 | -26.32 | 12.93 | -19.19 | -41.25 | 82.28 | -2.04 | -19.36 | 75.00 | -25.0 | -35.0 | 25.00 | 125.0 | 262.5 | 24.85 | -0.88 | 9.96 |
| 23Q2 (15) | -0.02 | -106.25 | -102.53 | 12.84 | -37.55 | -52.6 | -0.95 | -111.57 | -105.96 | -0.51 | -106.87 | -103.38 | -0.35 | -105.89 | -102.89 | -0.10 | -105.26 | -102.15 | 0.06 | -94.69 | -97.52 | 0.16 | -5.88 | -15.79 | 16.00 | -31.36 | -44.5 | 83.99 | -0.9 | -26.38 | 100.00 | -9.09 | -3.85 | -100.00 | -900.0 | -2400.0 | 25.07 | 4.37 | 11.32 |
| 23Q1 (14) | 0.32 | 28.0 | -39.62 | 20.56 | 0.78 | -10.88 | 8.21 | 14.99 | -26.7 | 7.42 | 36.15 | -34.28 | 5.94 | 29.13 | -34.22 | 1.90 | 25.83 | -36.45 | 1.13 | 26.97 | -29.81 | 0.17 | 0.0 | 0.0 | 23.31 | 8.52 | -12.73 | 84.75 | -6.67 | -3.03 | 110.00 | -23.0 | 10.0 | -10.00 | 65.0 | 0 | 24.02 | 10.54 | 2.78 |
| 22Q4 (13) | 0.25 | -37.5 | -71.26 | 20.40 | -3.45 | -27.43 | 7.14 | -22.39 | -57.5 | 5.45 | -32.38 | -66.27 | 4.60 | -26.98 | -64.4 | 1.51 | -39.6 | -70.28 | 0.89 | -32.06 | -64.82 | 0.17 | -10.53 | -10.53 | 21.48 | -2.41 | -25.26 | 90.81 | -11.01 | -13.7 | 142.86 | 23.81 | 37.76 | -28.57 | -85.71 | -671.43 | 21.73 | -3.85 | -0.64 |
| 22Q3 (12) | 0.40 | -49.37 | -57.89 | 21.13 | -22.0 | -27.49 | 9.20 | -42.25 | -46.79 | 8.06 | -46.66 | -52.95 | 6.30 | -47.89 | -54.15 | 2.50 | -46.24 | -58.88 | 1.31 | -45.87 | -58.41 | 0.19 | 0.0 | -13.64 | 22.01 | -23.66 | -22.74 | 102.04 | -10.55 | -7.08 | 115.38 | 10.95 | 11.54 | -15.38 | -284.62 | 0 | 22.60 | 0.36 | -5.36 |
| 22Q2 (11) | 0.79 | 49.06 | 0 | 27.09 | 17.43 | 0 | 15.93 | 42.23 | 0 | 15.11 | 33.84 | 0 | 12.09 | 33.89 | 0 | 4.65 | 55.52 | 0 | 2.42 | 50.31 | 0 | 0.19 | 11.76 | 0 | 28.83 | 7.94 | 0 | 114.08 | 30.53 | 0 | 104.00 | 4.0 | 0 | -4.00 | 0 | 0 | 22.52 | -3.64 | 0 |
| 22Q1 (10) | 0.53 | -39.08 | 0 | 23.07 | -17.93 | 0 | 11.20 | -33.33 | 0 | 11.29 | -30.14 | 0 | 9.03 | -30.11 | 0 | 2.99 | -41.14 | 0 | 1.61 | -36.36 | 0 | 0.17 | -10.53 | 0 | 26.71 | -7.06 | 0 | 87.40 | -16.94 | 0 | 100.00 | -3.57 | 0 | 0.00 | 100.0 | 0 | 23.37 | 6.86 | 0 |
| 21Q4 (9) | 0.87 | -8.42 | 0 | 28.11 | -3.53 | 0 | 16.80 | -2.83 | 0 | 16.16 | -5.66 | 0 | 12.92 | -5.97 | 0 | 5.08 | -16.45 | 0 | 2.53 | -19.68 | 0 | 0.19 | -13.64 | 0 | 28.74 | 0.88 | 0 | 105.22 | -4.18 | 0 | 103.70 | 0.25 | 0 | -3.70 | 0 | 0 | 21.87 | -8.42 | 0 |
| 21Q3 (8) | 0.95 | 0 | 0 | 29.14 | 0 | 0 | 17.29 | 0 | 0 | 17.13 | 0 | 0 | 13.74 | 0 | 0 | 6.08 | 0 | 0 | 3.15 | 0 | 0 | 0.22 | 0 | 0 | 28.49 | 0 | 0 | 109.81 | 0 | 0 | 103.45 | 0 | 0 | 0.00 | 0 | 0 | 23.88 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 (10) | 0.49 | -75.0 | 16.19 | -29.73 | 3.52 | -68.12 | 13.93 | -0.03 | 3.11 | -69.39 | 2.50 | -69.29 | 3.02 | -73.97 | 2.10 | -66.4 | 0.65 | -9.72 | 18.18 | -26.93 | 79.69 | -12.25 | 112.50 | 2.43 | -12.50 | 0 | 0.25 | -1.5 | 23.98 | 6.25 |
| 2022 (9) | 1.96 | -46.59 | 23.04 | -24.21 | 11.04 | -39.04 | 13.93 | 29.61 | 10.16 | -42.5 | 8.14 | -42.43 | 11.60 | -48.9 | 6.25 | -47.43 | 0.72 | -12.2 | 24.88 | -14.59 | 90.81 | -13.7 | 109.84 | 7.0 | -8.20 | 0 | 0.25 | -24.43 | 22.57 | -6.0 |
| 2021 (8) | 3.67 | 67.58 | 30.40 | 4.07 | 18.11 | 22.04 | 10.75 | -13.44 | 17.67 | 23.39 | 14.14 | 21.48 | 22.70 | 52.04 | 11.89 | 46.61 | 0.82 | 26.15 | 29.13 | 5.09 | 105.22 | 21.21 | 102.65 | -0.41 | -2.65 | 0 | 0.34 | 0 | 24.01 | -9.22 |
| 2020 (7) | 2.19 | 114.71 | 29.21 | 34.11 | 14.84 | 83.66 | 12.42 | -5.89 | 14.32 | 102.55 | 11.64 | 105.29 | 14.93 | 109.69 | 8.11 | 96.37 | 0.65 | 4.84 | 27.72 | 27.39 | 86.81 | -18.72 | 103.08 | -8.7 | -3.08 | 0 | 0.00 | 0 | 26.45 | 10.72 |
| 2019 (6) | 1.02 | -55.65 | 21.78 | -2.94 | 8.08 | -29.18 | 13.19 | 86.16 | 7.07 | -34.6 | 5.67 | -33.29 | 7.12 | 0 | 4.13 | 0 | 0.62 | 0 | 21.76 | 17.69 | 106.81 | 7.44 | 112.90 | 6.8 | -12.90 | 0 | 0.00 | 0 | 23.89 | 43.66 |
| 2018 (5) | 2.30 | 0 | 22.44 | 0 | 11.41 | 0 | 7.09 | 0 | 10.81 | 0 | 8.50 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 18.49 | 0 | 99.41 | 0 | 105.71 | 0 | -5.71 | 0 | 0.00 | 0 | 16.63 | 0 |
