- 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) | -0.04 | 55.56 | 0 | 30.55 | -0.84 | -3.29 | 2.16 | 194.74 | 32.52 | -2.01 | 45.23 | -1016.67 | -1.61 | 45.61 | -973.33 | -0.24 | 56.36 | -500.0 | 0.09 | 400.0 | -60.87 | 0.07 | -12.5 | -12.5 | 20.69 | 24.12 | 1.17 | 107.36 | -5.5 | -49.34 | -100.00 | -240.0 | 0 | 175.00 | 308.33 | 0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.09 | 83.93 | 76.92 | 30.81 | 135.73 | 19.19 | -2.28 | 94.04 | 92.12 | -3.67 | 91.08 | 88.7 | -2.96 | 91.01 | 88.47 | -0.55 | 84.93 | 82.76 | -0.03 | 97.67 | 96.51 | 0.08 | 60.0 | 100.0 | 16.67 | 460.04 | 405.15 | 113.61 | -18.37 | -43.4 | 71.43 | -23.34 | -17.58 | 42.86 | 528.57 | 328.57 | 16.28 | -30.58 | -28.69 |
| 24Q1 (18) | -0.56 | -24.44 | -1033.33 | 13.07 | -37.91 | -60.44 | -38.26 | -84.3 | -618.43 | -41.14 | -61.27 | -1354.27 | -32.91 | -58.83 | -1385.55 | -3.65 | -12.31 | -815.69 | -1.29 | -41.76 | -430.77 | 0.05 | -16.67 | -28.57 | -4.63 | -203.35 | -120.9 | 139.18 | -2.19 | -27.23 | 93.18 | 13.15 | -57.64 | 6.82 | -61.36 | 105.68 | 23.45 | 7.82 | 76.32 |
| 23Q4 (17) | -0.45 | 0 | -650.0 | 21.05 | -33.36 | -41.98 | -20.76 | -1373.62 | -810.96 | -25.51 | -14072.22 | -684.92 | -20.72 | -13713.33 | -667.41 | -3.25 | -8025.0 | -563.27 | -0.91 | -495.65 | -4650.0 | 0.06 | -25.0 | -14.29 | 4.48 | -78.09 | -72.1 | 142.30 | -32.86 | -18.68 | 82.35 | 0 | 182.35 | 17.65 | 0 | -91.18 | 21.75 | 60.64 | 157.7 |
| 23Q3 (16) | 0.00 | 100.0 | -100.0 | 31.59 | 22.21 | 15.0 | 1.63 | 105.63 | 18.12 | -0.18 | 99.45 | -101.97 | -0.15 | 99.42 | -102.04 | -0.04 | 98.75 | -103.01 | 0.23 | 126.74 | -65.67 | 0.08 | 100.0 | 14.29 | 20.45 | 519.7 | -25.74 | 211.94 | 5.6 | 31.78 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 13.54 | -40.69 | -22.89 |
| 23Q2 (15) | -0.39 | -750.0 | -121.67 | 25.85 | -21.76 | -32.84 | -28.95 | -492.28 | -206.2 | -32.47 | -1089.94 | -213.45 | -25.67 | -1102.73 | -212.15 | -3.19 | -725.49 | -125.38 | -0.86 | -320.51 | -119.5 | 0.04 | -42.86 | -78.95 | 3.30 | -85.1 | -90.46 | 200.71 | 4.94 | 14.86 | 86.67 | -60.61 | -9.32 | 10.00 | 108.33 | 126.0 | 22.83 | 71.65 | 208.93 |
| 23Q1 (14) | 0.06 | 200.0 | -96.83 | 33.04 | -8.93 | -9.31 | 7.38 | 152.74 | -67.59 | 3.28 | 200.92 | -86.92 | 2.56 | 194.81 | -87.24 | 0.51 | 204.08 | -93.46 | 0.39 | 1850.0 | -84.27 | 0.07 | 0.0 | -41.67 | 22.15 | 37.92 | -34.56 | 191.26 | 9.3 | -12.97 | 220.00 | 320.0 | 138.64 | -120.00 | -160.0 | -1380.0 | 13.30 | 57.58 | 43.47 |
| 22Q4 (13) | -0.06 | -135.29 | -101.7 | 36.28 | 32.07 | -8.61 | 2.92 | 111.59 | -90.68 | -3.25 | -135.48 | -110.71 | -2.70 | -136.78 | -111.15 | -0.49 | -136.84 | -102.85 | 0.02 | -97.01 | -99.58 | 0.07 | 0.0 | -63.16 | 16.06 | -41.68 | -55.61 | 174.98 | 8.8 | -26.99 | -100.00 | -750.0 | -196.69 | 200.00 | 136.36 | 5950.0 | 8.44 | -51.94 | 40.2 |
| 22Q3 (12) | 0.17 | -90.56 | 0 | 27.47 | -28.63 | 0 | 1.38 | -94.94 | 0 | 9.16 | -67.99 | 0 | 7.34 | -67.93 | 0 | 1.33 | -89.42 | 0 | 0.67 | -84.81 | 0 | 0.07 | -63.16 | 0 | 27.54 | -20.4 | 0 | 160.83 | -7.97 | 0 | 15.38 | -83.9 | 0 | 84.62 | 1812.31 | 0 | 17.56 | 137.62 | 0 |
| 22Q2 (11) | 1.80 | -4.76 | 0 | 38.49 | 5.65 | 0 | 27.26 | 19.72 | 0 | 28.62 | 14.11 | 0 | 22.89 | 14.11 | 0 | 12.57 | 61.15 | 0 | 4.41 | 77.82 | 0 | 0.19 | 58.33 | 0 | 34.60 | 2.22 | 0 | 174.75 | -20.49 | 0 | 95.58 | 3.67 | 0 | 4.42 | -52.8 | 0 | 7.39 | -20.28 | 0 |
| 22Q1 (10) | 1.89 | -46.46 | 0 | 36.43 | -8.24 | 0 | 22.77 | -27.35 | 0 | 25.08 | -17.34 | 0 | 20.06 | -17.18 | 0 | 7.80 | -54.65 | 0 | 2.48 | -48.01 | 0 | 0.12 | -36.84 | 0 | 33.85 | -6.44 | 0 | 219.77 | -8.3 | 0 | 92.19 | -10.86 | 0 | 9.38 | 374.22 | 0 | 9.27 | 53.99 | 0 |
| 21Q4 (9) | 3.53 | 0 | 0 | 39.70 | 0 | 0 | 31.34 | 0 | 0 | 30.34 | 0 | 0 | 24.22 | 0 | 0 | 17.20 | 0 | 0 | 4.77 | 0 | 0 | 0.19 | 0 | 0 | 36.18 | 0 | 0 | 239.67 | 0 | 0 | 103.42 | 0 | 0 | -3.42 | 0 | 0 | 6.02 | 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) | -0.78 | 0 | 28.47 | -20.81 | -7.33 | 0 | 19.82 | 133.05 | -10.76 | 0 | -8.65 | 0 | -5.43 | 0 | -1.18 | 0 | 0.24 | -44.19 | 14.18 | -53.61 | 142.30 | -18.68 | 67.80 | -26.69 | 32.20 | 327.85 | 0.42 | -20.83 | 0.00 | 0 |
| 2022 (9) | 2.46 | -74.02 | 35.95 | -6.28 | 18.57 | -30.86 | 8.50 | 24.87 | 20.03 | -24.07 | 16.01 | -26.08 | 21.12 | -60.9 | 7.57 | -54.91 | 0.43 | -42.67 | 30.57 | -10.46 | 174.98 | -26.99 | 92.47 | -9.01 | 7.53 | 0 | 0.53 | 65.33 | 9.58 | 33.24 |
| 2021 (8) | 9.47 | 34.71 | 38.36 | 11.54 | 26.86 | 38.17 | 6.81 | -31.61 | 26.38 | 49.8 | 21.66 | 53.73 | 54.02 | 24.82 | 16.79 | 25.49 | 0.75 | -16.67 | 34.14 | 19.33 | 239.67 | 13.0 | 101.63 | -7.87 | -1.96 | 0 | 0.32 | 0 | 7.19 | 1.27 |
| 2020 (7) | 7.03 | 77.97 | 34.39 | 1.18 | 19.44 | 16.76 | 9.96 | 1.7 | 17.61 | 13.39 | 14.09 | 19.71 | 43.28 | 18.45 | 13.38 | 43.1 | 0.90 | 23.29 | 28.61 | 6.44 | 212.09 | -25.74 | 110.32 | 3.42 | -10.32 | 0 | 0.00 | 0 | 7.10 | -22.23 |
| 2019 (6) | 3.95 | 240.52 | 33.99 | -6.95 | 16.65 | 78.65 | 9.79 | -21.99 | 15.53 | 94.12 | 11.77 | 69.6 | 36.54 | 162.12 | 9.35 | 148.01 | 0.73 | 69.77 | 26.88 | 14.72 | 285.60 | -25.31 | 106.67 | -7.88 | -6.67 | 0 | 0.00 | 0 | 9.13 | -38.19 |
| 2018 (5) | 1.16 | 0 | 36.53 | 0 | 9.32 | 0 | 12.55 | 0 | 8.00 | 0 | 6.94 | 0 | 13.94 | 0 | 3.77 | 0 | 0.43 | 0 | 23.43 | 0 | 382.37 | 8.91 | 115.79 | 0 | -15.79 | 0 | 0.00 | 0 | 14.77 | 0 |
| 2017 (4) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 351.08 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 |
