- 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) | 1.87 | 5.65 | -13.82 | 19.19 | -7.7 | -8.14 | 6.97 | -10.87 | -11.88 | 7.93 | -6.15 | -10.6 | 6.16 | -0.81 | -3.75 | 3.16 | 4.29 | -19.8 | 1.68 | 3.7 | -13.85 | 0.26 | 4.0 | -10.34 | 12.97 | -5.26 | -4.0 | 97.18 | -0.22 | -11.48 | 88.16 | -5.55 | -0.54 | 11.84 | 48.03 | 4.21 | 23.02 | -3.03 | 6.77 |
| 24Q2 (19) | 1.77 | 15.69 | 164.18 | 20.79 | 7.33 | 27.16 | 7.82 | 29.47 | 135.54 | 8.45 | 29.4 | 82.51 | 6.21 | 14.58 | 168.83 | 3.03 | 16.09 | 150.41 | 1.62 | 19.12 | 149.23 | 0.25 | 8.7 | 0.0 | 13.69 | 11.48 | 42.6 | 97.39 | 2.81 | -11.41 | 93.33 | 0.65 | 30.0 | 8.00 | 10.0 | -71.64 | 23.74 | -2.22 | -1.98 |
| 24Q1 (18) | 1.53 | 17.69 | 2650.0 | 19.37 | -7.85 | 40.98 | 6.04 | -19.36 | 749.46 | 6.53 | -8.67 | 3527.78 | 5.42 | 49.72 | 2358.33 | 2.61 | 13.97 | 2472.73 | 1.36 | 16.24 | 13500.0 | 0.23 | -20.69 | 4.55 | 12.28 | 3.19 | 60.73 | 94.73 | -20.77 | -8.67 | 92.73 | -11.97 | 113.25 | 7.27 | 236.36 | -99.09 | 24.28 | 13.62 | -8.72 |
| 23Q4 (17) | 1.30 | -40.09 | 28.71 | 21.02 | 0.62 | 13.25 | 7.49 | -5.31 | 42.94 | 7.15 | -19.39 | 58.89 | 3.62 | -43.44 | 19.08 | 2.29 | -41.88 | 32.37 | 1.17 | -40.0 | 34.48 | 0.29 | 0.0 | 7.41 | 11.90 | -11.92 | 23.32 | 119.56 | 8.91 | 4.71 | 105.33 | 18.84 | -7.83 | -5.33 | -146.93 | 68.0 | 21.37 | -0.88 | -6.44 |
| 23Q3 (16) | 2.17 | 223.88 | 158.33 | 20.89 | 27.77 | 21.67 | 7.91 | 138.25 | 73.46 | 8.87 | 91.58 | 37.52 | 6.40 | 177.06 | 161.22 | 3.94 | 225.62 | 175.52 | 1.95 | 200.0 | 174.65 | 0.29 | 16.0 | 3.57 | 13.51 | 40.73 | 18.72 | 109.78 | -0.14 | 0.62 | 88.64 | 23.46 | 25.74 | 11.36 | -59.71 | -61.49 | 21.56 | -10.98 | -8.88 |
| 23Q2 (15) | 0.67 | 1216.67 | 109.38 | 16.35 | 19.0 | 34.02 | 3.32 | 456.99 | 257.35 | 4.63 | 2472.22 | 137.44 | 2.31 | 1062.5 | 162.5 | 1.21 | 1200.0 | 188.1 | 0.65 | 6400.0 | 160.0 | 0.25 | 13.64 | 13.64 | 9.60 | 25.65 | 28.51 | 109.93 | 5.99 | -2.86 | 71.79 | 110.26 | 167.57 | 28.21 | -96.47 | -86.32 | 24.22 | -8.95 | -5.43 |
| 23Q1 (14) | -0.06 | -105.94 | -104.23 | 13.74 | -25.97 | -25.81 | -0.93 | -117.75 | -119.21 | 0.18 | -96.0 | -97.72 | -0.24 | -107.89 | -103.8 | -0.11 | -106.36 | -103.1 | 0.01 | -98.85 | -99.4 | 0.22 | -18.52 | -15.38 | 7.64 | -20.83 | -42.69 | 103.72 | -9.16 | -6.93 | -700.00 | -712.5 | -1241.3 | 800.00 | 4900.0 | 1968.97 | 26.60 | 16.46 | 6.49 |
| 22Q4 (13) | 1.01 | 20.24 | -12.17 | 18.56 | 8.1 | 14.43 | 5.24 | 14.91 | 69.58 | 4.50 | -30.23 | 0.67 | 3.04 | 24.08 | -2.25 | 1.73 | 20.98 | -11.28 | 0.87 | 22.54 | -4.4 | 0.27 | -3.57 | 0.0 | 9.65 | -15.2 | -8.27 | 114.18 | 4.66 | -9.9 | 114.29 | 62.13 | 64.29 | -16.67 | -156.48 | -154.76 | 22.84 | -3.47 | -7.27 |
| 22Q3 (12) | 0.84 | 162.5 | -3.45 | 17.17 | 40.74 | 8.67 | 4.56 | 316.11 | 17.53 | 6.45 | 230.77 | 13.96 | 2.45 | 178.41 | -45.07 | 1.43 | 240.48 | -63.43 | 0.71 | 184.0 | -60.34 | 0.28 | 27.27 | -24.32 | 11.38 | 52.34 | 6.36 | 109.10 | -3.6 | -18.72 | 70.49 | 166.35 | 2.41 | 29.51 | -85.69 | -5.33 | 23.66 | -7.61 | -10.65 |
| 22Q2 (11) | 0.32 | -77.46 | -83.76 | 12.20 | -34.13 | -38.48 | -2.11 | -143.6 | -129.1 | 1.95 | -75.29 | -73.29 | 0.88 | -86.08 | -82.61 | 0.42 | -88.17 | -88.86 | 0.25 | -85.03 | -84.08 | 0.22 | -15.38 | -24.14 | 7.47 | -43.96 | -38.52 | 113.17 | 1.55 | -15.62 | -106.25 | -273.23 | -206.25 | 206.25 | 433.41 | 0 | 25.61 | 2.52 | 22.89 |
| 22Q1 (10) | 1.42 | 23.48 | -40.08 | 18.52 | 14.18 | -7.72 | 4.84 | 56.63 | -24.73 | 7.89 | 76.51 | 7.06 | 6.32 | 103.22 | 16.82 | 3.55 | 82.05 | -31.47 | 1.67 | 83.52 | -14.8 | 0.26 | -3.7 | -18.75 | 13.33 | 26.71 | 8.02 | 111.44 | -12.06 | -39.4 | 61.33 | -11.83 | -29.76 | 38.67 | 27.05 | 205.04 | 24.98 | 1.42 | 13.24 |
| 21Q4 (9) | 1.15 | 32.18 | -23.33 | 16.22 | 2.66 | -10.29 | 3.09 | -20.36 | -41.7 | 4.47 | -21.02 | -41.57 | 3.11 | -30.27 | 8.74 | 1.95 | -50.13 | -38.87 | 0.91 | -49.16 | -22.22 | 0.27 | -27.03 | -27.03 | 10.52 | -1.68 | -11.89 | 126.72 | -5.59 | -38.74 | 69.57 | 1.07 | 1.3 | 30.43 | -2.36 | 1.04 | 24.63 | -6.99 | 23.21 |
| 21Q3 (8) | 0.87 | -55.84 | -61.33 | 15.80 | -20.32 | -13.38 | 3.88 | -46.48 | -28.94 | 5.66 | -22.47 | 2.91 | 4.46 | -11.86 | -7.47 | 3.91 | 3.71 | -26.5 | 1.79 | 14.01 | -1.65 | 0.37 | 27.59 | 5.71 | 10.70 | -11.93 | 11.23 | 134.23 | 0.08 | -31.02 | 68.83 | -31.17 | -31.17 | 31.17 | 0 | 0 | 26.48 | 27.06 | 36.57 |
| 21Q2 (7) | 1.97 | -16.88 | 143.21 | 19.83 | -1.2 | 34.71 | 7.25 | 12.75 | 258.91 | 7.30 | -0.95 | 362.03 | 5.06 | -6.47 | 134.26 | 3.77 | -27.22 | 86.63 | 1.57 | -19.9 | 124.29 | 0.29 | -9.38 | 3.57 | 12.15 | -1.54 | 51.31 | 134.12 | -27.06 | -42.72 | 100.00 | 14.52 | -20.0 | 0.00 | -100.0 | 100.0 | 20.84 | -5.53 | -8.23 |
| 21Q1 (6) | 2.37 | 58.0 | 0 | 20.07 | 11.01 | 0 | 6.43 | 21.32 | 0 | 7.37 | -3.66 | 0 | 5.41 | 89.16 | 0 | 5.18 | 62.38 | 0 | 1.96 | 67.52 | 0 | 0.32 | -13.51 | 0 | 12.34 | 3.35 | 0 | 183.88 | -11.11 | 0 | 87.32 | 27.16 | 0 | 12.68 | -57.92 | 0 | 22.06 | 10.36 | 0 |
| 20Q4 (5) | 1.50 | -33.33 | 0 | 18.08 | -0.88 | 0 | 5.30 | -2.93 | 0 | 7.65 | 39.09 | 0 | 2.86 | -40.66 | 0 | 3.19 | -40.04 | 0 | 1.17 | -35.71 | 0 | 0.37 | 5.71 | 0 | 11.94 | 24.12 | 0 | 206.87 | 6.31 | 0 | 68.67 | -31.33 | 0 | 30.12 | 0 | 0 | 19.99 | 3.09 | 0 |
| 20Q3 (4) | 2.25 | 177.78 | 0.0 | 18.24 | 23.91 | 0.0 | 5.46 | 170.3 | 0.0 | 5.50 | 248.1 | 0.0 | 4.82 | 123.15 | 0.0 | 5.32 | 163.37 | 0.0 | 1.82 | 160.0 | 0.0 | 0.35 | 25.0 | 0.0 | 9.62 | 19.8 | 0.0 | 194.60 | -16.88 | 0.0 | 100.00 | -20.0 | 0.0 | 0.00 | 100.0 | 0.0 | 19.39 | -14.62 | 0.0 |
| 20Q2 (3) | 0.81 | 0 | 0.0 | 14.72 | 0 | 0.0 | 2.02 | 0 | 0.0 | 1.58 | 0 | 0.0 | 2.16 | 0 | 0.0 | 2.02 | 0 | 0.0 | 0.70 | 0 | 0.0 | 0.28 | 0 | 0.0 | 8.03 | 0 | 0.0 | 234.13 | 0 | 0.0 | 125.00 | 0 | 0.0 | -25.00 | 0 | 0.0 | 22.71 | 0 | 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) | 4.07 | 14.97 | 18.39 | 9.59 | 4.89 | 47.29 | 4.94 | -0.71 | 5.58 | 4.49 | 3.27 | 0.0 | 7.20 | 0.42 | 3.61 | 4.94 | 1.02 | 3.03 | 10.92 | 3.21 | 119.56 | 4.71 | 87.25 | 40.33 | 12.25 | -67.6 | 0.05 | -51.81 | 23.17 | -4.37 |
| 2022 (9) | 3.54 | -41.58 | 16.78 | -5.36 | 3.32 | -33.47 | 4.97 | 5.83 | 5.34 | -12.6 | 3.27 | -26.85 | 7.17 | -50.41 | 3.44 | -43.61 | 0.99 | -21.43 | 10.58 | -6.7 | 114.18 | -9.9 | 62.18 | -23.81 | 37.82 | 105.67 | 0.11 | -14.71 | 24.23 | 1.72 |
| 2021 (8) | 6.06 | 16.54 | 17.73 | 1.31 | 4.99 | 13.15 | 4.70 | 5.13 | 6.11 | 31.12 | 4.47 | 50.51 | 14.46 | 19.31 | 6.10 | 43.53 | 1.26 | 2.44 | 11.34 | 16.07 | 126.72 | -38.74 | 81.61 | -13.8 | 18.39 | 245.34 | 0.13 | 101.82 | 23.82 | 13.59 |
| 2020 (7) | 5.20 | -12.31 | 17.50 | 6.45 | 4.41 | 2.56 | 4.47 | 13.63 | 4.66 | 14.5 | 2.97 | -4.5 | 12.12 | -24.39 | 4.25 | -15.67 | 1.23 | -12.77 | 9.77 | 12.95 | 206.87 | -20.71 | 94.67 | -10.52 | 5.33 | 0 | 0.07 | 0 | 20.97 | 2.95 |
| 2019 (6) | 5.93 | 41.53 | 16.44 | -1.56 | 4.30 | -16.02 | 3.93 | 20.19 | 4.07 | -10.35 | 3.11 | 29.58 | 16.03 | 0 | 5.04 | 0 | 1.41 | 0 | 8.65 | 2.13 | 260.91 | -3.03 | 105.81 | -6.08 | -5.81 | 0 | 0.00 | 0 | 20.37 | 0.0 |
| 2018 (5) | 4.19 | 0 | 16.70 | 0 | 5.12 | 0 | 3.27 | 0 | 4.54 | 0 | 2.40 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 8.47 | 0 | 269.05 | 0 | 112.66 | 0 | -12.66 | 0 | 0.00 | 0 | 20.37 | 0 |
