- 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) | 0.75 | -18.48 | -34.21 | 64.28 | 0.39 | 3.78 | 7.20 | -15.29 | -33.94 | 7.23 | -17.37 | -31.21 | 5.78 | -18.48 | -31.27 | 3.26 | -21.26 | -52.75 | 1.92 | -21.63 | -48.25 | 0.33 | -2.94 | -25.0 | 14.93 | -3.68 | -11.34 | 68.53 | -10.38 | -11.77 | 93.33 | -1.18 | -11.11 | 0.00 | 0 | 100.0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.92 | 2.22 | -20.69 | 64.03 | 3.86 | 5.4 | 8.50 | 5.46 | -23.42 | 8.75 | 9.92 | -20.24 | 7.09 | 11.3 | -20.43 | 4.14 | -4.83 | -39.91 | 2.45 | -4.67 | -37.5 | 0.34 | -15.0 | -22.73 | 15.50 | 3.33 | -8.5 | 76.47 | 18.74 | -21.98 | 94.44 | -5.56 | -5.56 | 0.00 | 0 | 0 | 22.42 | -2.52 | 16.83 |
| 24Q1 (18) | 0.90 | 34.33 | -23.73 | 61.65 | 0.42 | 4.39 | 8.06 | 25.94 | -27.91 | 7.96 | 20.06 | -28.74 | 6.37 | 26.39 | -28.75 | 4.35 | 13.87 | -36.68 | 2.57 | 18.43 | -40.51 | 0.40 | -4.76 | -16.67 | 15.00 | 6.76 | -10.5 | 64.40 | -18.87 | 11.07 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | 0 | 23.00 | 7.33 | 24.86 |
| 23Q4 (17) | 0.67 | -41.23 | 0.0 | 61.39 | -0.89 | -6.5 | 6.40 | -41.28 | -22.24 | 6.63 | -36.92 | -19.05 | 5.04 | -40.07 | -22.22 | 3.82 | -44.64 | -6.83 | 2.17 | -41.51 | -18.11 | 0.42 | -4.55 | 5.0 | 14.05 | -16.57 | -3.64 | 79.38 | 2.2 | 26.38 | 100.00 | -4.76 | 0.0 | 0.00 | 100.0 | 0 | 21.43 | 10.75 | 5.57 |
| 23Q3 (16) | 1.14 | -1.72 | -17.39 | 61.94 | 1.96 | -2.1 | 10.90 | -1.8 | -34.53 | 10.51 | -4.19 | -34.96 | 8.41 | -5.61 | -34.86 | 6.90 | 0.15 | -23.33 | 3.71 | -5.36 | -37.86 | 0.44 | 0.0 | -4.35 | 16.84 | -0.59 | -21.6 | 77.67 | -20.75 | 55.28 | 105.00 | 5.0 | 0.8 | -5.00 | 0 | -20.0 | 19.35 | 0.83 | 13.76 |
| 23Q2 (15) | 1.16 | -1.69 | 5700.0 | 60.75 | 2.86 | 8.54 | 11.10 | -0.72 | 1221.43 | 10.97 | -1.79 | 1445.07 | 8.91 | -0.34 | 3612.5 | 6.89 | 0.29 | 6163.64 | 3.92 | -9.26 | 4255.56 | 0.44 | -8.33 | 51.72 | 16.94 | 1.07 | 117.74 | 98.01 | 69.04 | 85.06 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | 0 | 19.19 | 4.18 | -13.6 |
| 23Q1 (14) | 1.18 | 76.12 | 14.56 | 59.06 | -10.05 | 0.19 | 11.18 | 35.84 | -11.41 | 11.17 | 36.39 | -10.57 | 8.94 | 37.96 | -23.65 | 6.87 | 67.56 | -6.02 | 4.32 | 63.02 | -9.81 | 0.48 | 20.0 | 17.07 | 16.76 | 14.95 | -6.32 | 57.98 | -7.69 | 20.62 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | 0 | 18.42 | -9.26 | 15.99 |
| 22Q4 (13) | 0.67 | -51.45 | 0 | 65.66 | 3.78 | 0 | 8.23 | -50.57 | 0 | 8.19 | -49.32 | 0 | 6.48 | -49.81 | 0 | 4.10 | -54.44 | 0 | 2.65 | -55.61 | 0 | 0.40 | -13.04 | 0 | 14.58 | -32.12 | 0 | 62.81 | 25.57 | 0 | 100.00 | -4.0 | 0 | 0.00 | 100.0 | 0 | 20.30 | 19.34 | 0 |
| 22Q3 (12) | 1.38 | 6800.0 | 0 | 63.27 | 13.04 | 0 | 16.65 | 1882.14 | 0 | 16.16 | 2176.06 | 0 | 12.91 | 5279.17 | 0 | 9.00 | 8081.82 | 0 | 5.97 | 6533.33 | 0 | 0.46 | 58.62 | 0 | 21.48 | 176.09 | 0 | 50.02 | -5.55 | 0 | 104.17 | 4.17 | 0 | -4.17 | 0 | 0 | 17.01 | -23.41 | 0 |
| 22Q2 (11) | 0.02 | -98.06 | 0 | 55.97 | -5.06 | 0 | 0.84 | -93.34 | 0 | 0.71 | -94.32 | 0 | 0.24 | -97.95 | 0 | 0.11 | -98.5 | 0 | 0.09 | -98.12 | 0 | 0.29 | -29.27 | 0 | 7.78 | -56.51 | 0 | 52.96 | 10.17 | 0 | 100.00 | 0.0 | 0 | 0.00 | 0 | 0 | 22.21 | 39.86 | 0 |
| 22Q1 (10) | 1.03 | 0 | 0 | 58.95 | 0 | 0 | 12.62 | 0 | 0 | 12.49 | 0 | 0 | 11.71 | 0 | 0 | 7.31 | 0 | 0 | 4.79 | 0 | 0 | 0.41 | 0 | 0 | 17.89 | 0 | 0 | 48.07 | 0 | 0 | 100.00 | 0 | 0 | 0.00 | 0 | 0 | 15.88 | 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) | 4.16 | 34.63 | 60.79 | -1.31 | 9.90 | -5.35 | 6.33 | 10.37 | 9.82 | -4.2 | 7.82 | -8.32 | 24.16 | 18.14 | 14.21 | 11.1 | 1.80 | 20.81 | 16.29 | 0.49 | 79.38 | 26.38 | 101.37 | -0.54 | -1.37 | 0 | 0.00 | 0 | 19.60 | 5.38 |
| 2022 (9) | 3.09 | 10.36 | 61.60 | 10.33 | 10.46 | 90.18 | 5.73 | -16.78 | 10.25 | 49.85 | 8.53 | -15.12 | 20.45 | -19.27 | 12.79 | -13.05 | 1.49 | 2.76 | 16.21 | 17.72 | 62.81 | 6.69 | 101.92 | 27.4 | -1.92 | 0 | 0.00 | 0 | 18.60 | 16.47 |
| 2021 (8) | 2.80 | 17.15 | 55.83 | -1.67 | 5.50 | -46.18 | 6.89 | 9.79 | 6.84 | -39.09 | 10.05 | -10.51 | 25.33 | -30.83 | 14.71 | -17.22 | 1.45 | -7.05 | 13.77 | -22.25 | 58.87 | -42.54 | 80.00 | -14.29 | 20.00 | 100.0 | 0.00 | 0 | 15.97 | 4.24 |
| 2020 (7) | 2.39 | 0 | 56.78 | 5.19 | 10.22 | 0 | 6.27 | -46.11 | 11.23 | 0 | 11.23 | 0 | 36.62 | 0 | 17.77 | 0 | 1.56 | 21.88 | 17.71 | 1013.84 | 102.45 | -13.06 | 93.33 | -6.67 | 10.00 | 0 | 0.00 | 0 | 15.32 | -30.71 |
| 2019 (6) | -1.50 | 0 | 53.98 | 6.34 | -10.43 | 0 | 11.64 | 58.17 | -10.44 | 0 | -10.56 | 0 | -25.37 | 0 | -13.10 | 0 | 1.28 | -5.19 | 1.59 | 0 | 117.84 | 81.21 | 100.00 | -5.36 | -0.00 | 0 | 0.00 | 0 | 22.11 | -6.35 |
| 2018 (5) | -4.14 | 0 | 50.76 | -2.65 | -24.21 | 0 | 7.36 | 211.19 | -23.00 | 0 | -23.00 | 0 | -46.24 | 0 | -30.98 | 0 | 1.35 | -10.0 | -15.58 | 0 | 65.03 | 67.47 | 105.66 | 2.95 | -5.66 | 0 | 0.00 | 0 | 23.61 | 6.06 |
| 2017 (4) | -3.18 | 0 | 52.14 | -6.78 | -13.06 | 0 | 2.36 | 173.14 | -12.96 | 0 | -12.96 | 0 | -30.02 | 0 | -19.47 | 0 | 1.50 | -15.73 | -10.47 | 0 | 38.83 | -46.78 | 102.63 | 2.63 | -0.00 | 0 | 0.00 | 0 | 22.26 | 68.89 |
| 2016 (3) | 0.57 | 0 | 55.93 | 0 | 2.90 | 0 | 0.87 | 0 | 2.86 | 0 | 2.65 | 0 | 9.74 | 0 | 4.71 | 0 | 1.78 | 0 | 3.90 | 0 | 72.96 | 0 | 100.00 | 0 | 0.00 | 0 | 0.00 | 0 | 13.18 | 0 |
