- 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) | 1.07 | -20.15 | -35.93 | 22.14 | 17.33 | 20.98 | 18.43 | 24.86 | 39.2 | 12.48 | -20.96 | -37.22 | 9.98 | -20.98 | -37.27 | 3.21 | -23.02 | -36.18 | 1.85 | -17.04 | -32.97 | 0.17 | 0.0 | 0.0 | 18.05 | -14.29 | -29.74 | 80.09 | -14.83 | -3.37 | 147.51 | 57.8 | 121.27 | -47.71 | -832.0 | -242.59 | 28.39 | -6.21 | 15.78 |
| 24Q2 (19) | 1.34 | -1.47 | -20.71 | 18.87 | -4.07 | -14.81 | 14.76 | -4.65 | -12.82 | 15.79 | -8.2 | -24.52 | 12.63 | -8.21 | -24.51 | 4.17 | 1.46 | -22.2 | 2.23 | -3.04 | -19.49 | 0.17 | 6.25 | 6.25 | 21.06 | -8.47 | -21.06 | 94.03 | -5.95 | -5.8 | 93.48 | 3.94 | 15.5 | 6.52 | -35.22 | -65.81 | 30.27 | 9.24 | 16.56 |
| 24Q1 (18) | 1.36 | 83.78 | 61.9 | 19.67 | 37.36 | 19.72 | 15.48 | 45.22 | 43.87 | 17.20 | 122.8 | 52.21 | 13.76 | 88.49 | 52.21 | 4.11 | 93.87 | 53.93 | 2.30 | 76.92 | 58.62 | 0.16 | 0.0 | 6.67 | 23.01 | 68.45 | 23.58 | 99.98 | 28.92 | -5.75 | 89.94 | -34.86 | -5.78 | 10.06 | 126.44 | 109.08 | 27.71 | -30.81 | -8.28 |
| 23Q4 (17) | 0.74 | -55.69 | 80.49 | 14.32 | -21.75 | 57.02 | 10.66 | -19.49 | 64.51 | 7.72 | -61.17 | 30.63 | 7.30 | -54.12 | 48.07 | 2.12 | -57.85 | 55.88 | 1.30 | -52.9 | 64.56 | 0.16 | -5.88 | 23.08 | 13.66 | -46.83 | -4.54 | 77.55 | -6.43 | -22.09 | 138.06 | 107.09 | 25.84 | -38.06 | -213.75 | -291.82 | 40.05 | 63.34 | 16.36 |
| 23Q3 (16) | 1.67 | -1.18 | -5.11 | 18.30 | -17.38 | -6.15 | 13.24 | -21.8 | -10.18 | 19.88 | -4.97 | -21.55 | 15.91 | -4.9 | -21.51 | 5.03 | -6.16 | -17.41 | 2.76 | -0.36 | -3.16 | 0.17 | 6.25 | 30.77 | 25.69 | -3.71 | -23.59 | 82.88 | -16.97 | -27.86 | 66.67 | -17.63 | 14.6 | 33.46 | 75.5 | -20.0 | 24.52 | -5.58 | -11.83 |
| 23Q2 (15) | 1.69 | 101.19 | 16.55 | 22.15 | 34.81 | 9.06 | 16.93 | 57.34 | 5.61 | 20.92 | 85.13 | 0.72 | 16.73 | 85.07 | 0.72 | 5.36 | 100.75 | 4.48 | 2.77 | 91.03 | 17.87 | 0.16 | 6.67 | 23.08 | 26.68 | 43.29 | -7.97 | 99.82 | -5.9 | -24.57 | 80.93 | -15.21 | 4.85 | 19.07 | 296.14 | -16.42 | 25.97 | -14.04 | -7.97 |
| 23Q1 (14) | 0.84 | 104.88 | -2.33 | 16.43 | 80.15 | 11.54 | 10.76 | 66.05 | 12.67 | 11.30 | 91.2 | -18.0 | 9.04 | 83.37 | -18.04 | 2.67 | 96.32 | -12.46 | 1.45 | 83.54 | 1.4 | 0.15 | 15.38 | 25.0 | 18.62 | 30.12 | -18.97 | 106.08 | 6.57 | -16.97 | 95.45 | -13.0 | 37.88 | 4.81 | 149.54 | -84.36 | 30.21 | -12.23 | -5.0 |
| 22Q4 (13) | 0.41 | -76.7 | -34.92 | 9.12 | -53.23 | -42.5 | 6.48 | -56.04 | -44.8 | 5.91 | -76.68 | -47.14 | 4.93 | -75.68 | -48.86 | 1.36 | -77.67 | -41.38 | 0.79 | -72.28 | -26.17 | 0.13 | 0.0 | 30.0 | 14.31 | -57.44 | -35.83 | 99.54 | -13.35 | -23.86 | 109.71 | 88.6 | 4.47 | -9.71 | -123.22 | -93.54 | 34.42 | 23.77 | -4.34 |
| 22Q3 (12) | 1.76 | 21.38 | 179.37 | 19.50 | -3.99 | 28.8 | 14.74 | -8.05 | 41.05 | 25.34 | 22.0 | 130.78 | 20.27 | 22.03 | 130.6 | 6.09 | 18.71 | 168.28 | 2.85 | 21.28 | 174.04 | 0.13 | 0.0 | 18.18 | 33.62 | 15.97 | 59.87 | 114.88 | -13.19 | -22.53 | 58.17 | -24.63 | -38.95 | 41.83 | 83.35 | 788.03 | 27.81 | -1.45 | -9.85 |
| 22Q2 (11) | 1.45 | 68.6 | 16.94 | 20.31 | 37.88 | 15.33 | 16.03 | 67.85 | 24.26 | 20.77 | 50.73 | 82.03 | 16.61 | 50.59 | 82.13 | 5.13 | 68.2 | 13.25 | 2.35 | 64.34 | 13.53 | 0.13 | 8.33 | -35.0 | 28.99 | 26.15 | 32.19 | 132.34 | 3.58 | -11.38 | 77.19 | 11.49 | -31.69 | 22.81 | -25.86 | 275.43 | 28.22 | -11.26 | -13.73 |
| 22Q1 (10) | 0.86 | 36.51 | 0 | 14.73 | -7.12 | 0 | 9.55 | -18.65 | 0 | 13.78 | 23.26 | 0 | 11.03 | 14.42 | 0 | 3.05 | 31.47 | 0 | 1.43 | 33.64 | 0 | 0.12 | 20.0 | 0 | 22.98 | 3.05 | 0 | 127.76 | -2.28 | 0 | 69.23 | -34.08 | 0 | 30.77 | 713.02 | 0 | 31.80 | -11.62 | 0 |
| 21Q4 (9) | 0.63 | 0.0 | 23.53 | 15.86 | 4.76 | -1.98 | 11.74 | 12.34 | 8.4 | 11.18 | 1.82 | 49.87 | 9.64 | 9.67 | 33.15 | 2.32 | 2.2 | -15.33 | 1.07 | 2.88 | -17.05 | 0.10 | -9.09 | -33.33 | 22.30 | 6.04 | 18.24 | 130.74 | -11.83 | -6.29 | 105.02 | 10.21 | -27.76 | -5.02 | -206.56 | 88.94 | 35.98 | 16.63 | 2.62 |
| 21Q3 (8) | 0.63 | -49.19 | 0 | 15.14 | -14.03 | 0 | 10.45 | -18.99 | 0 | 10.98 | -3.77 | 0 | 8.79 | -3.62 | 0 | 2.27 | -49.89 | 0 | 1.04 | -49.76 | 0 | 0.11 | -45.0 | 0 | 21.03 | -4.1 | 0 | 148.29 | -0.7 | 0 | 95.29 | -15.68 | 0 | 4.71 | 136.22 | 0 | 30.85 | -5.69 | 0 |
| 21Q2 (7) | 1.24 | 0 | -4.62 | 17.61 | 0 | -14.8 | 12.90 | 0 | -19.88 | 11.41 | 0 | -33.27 | 9.12 | 0 | -33.33 | 4.53 | 0 | -29.22 | 2.07 | 0 | -26.86 | 0.20 | 0 | 5.26 | 21.93 | 0 | -15.23 | 149.34 | 0 | 12.73 | 113.00 | 0 | 19.91 | -13.00 | 0 | -322.11 | 32.71 | 0 | 14.69 |
| 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) | 4.95 | 10.49 | 17.86 | 11.56 | 12.98 | 9.91 | 4.95 | -31.06 | 15.15 | -8.84 | 12.40 | -7.12 | 15.36 | 0.26 | 8.72 | 14.29 | 0.66 | 22.22 | 21.32 | -15.16 | 77.55 | -22.09 | 85.66 | 20.57 | 14.34 | -50.48 | 0.17 | 67.77 | 30.09 | -1.31 |
| 2022 (9) | 4.48 | 79.2 | 16.01 | -3.26 | 11.81 | -1.42 | 7.18 | -19.3 | 16.62 | 47.86 | 13.35 | 45.74 | 15.32 | 71.17 | 7.63 | 79.95 | 0.54 | 28.57 | 25.13 | 15.43 | 99.54 | -23.86 | 71.05 | -33.33 | 28.95 | 0 | 0.10 | -41.84 | 30.49 | -7.63 |
| 2021 (8) | 2.50 | 35.14 | 16.55 | -11.87 | 11.98 | -13.75 | 8.90 | 11.79 | 11.24 | -13.87 | 9.16 | -16.58 | 8.95 | -9.32 | 4.24 | -3.42 | 0.42 | 16.67 | 21.77 | -5.02 | 130.74 | -6.29 | 106.57 | 0.1 | -6.57 | 0 | 0.17 | -33.21 | 33.01 | 5.56 |
| 2020 (7) | 1.85 | -40.51 | 18.78 | 217.23 | 13.89 | 220.05 | 7.96 | 292.89 | 13.05 | 156.89 | 10.98 | 158.35 | 9.87 | -33.62 | 4.39 | -30.32 | 0.36 | -73.72 | 22.92 | 197.66 | 139.52 | -9.79 | 106.46 | 24.58 | -6.46 | 0 | 0.26 | 0 | 31.27 | 241.38 |
| 2019 (6) | 3.11 | -0.64 | 5.92 | 16.54 | 4.34 | 16.67 | 2.03 | 24.39 | 5.08 | 7.86 | 4.25 | 21.78 | 14.87 | 0 | 6.30 | 0 | 1.37 | 0 | 7.70 | 12.9 | 154.66 | -1.38 | 85.46 | 8.15 | 14.50 | -30.9 | 0.00 | 0 | 9.16 | -2.45 |
| 2018 (5) | 3.13 | 0 | 5.08 | 0 | 3.72 | 0 | 1.63 | 0 | 4.71 | 0 | 3.49 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 6.82 | 0 | 156.83 | 0 | 79.01 | 0 | 20.99 | 0 | 0.00 | 0 | 9.39 | 0 |
