- 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) | 0.88 | 14.29 | 44.26 | 37.97 | -0.37 | 0.96 | 4.25 | 23.19 | 18.38 | 3.77 | 5.9 | 29.11 | 3.03 | 7.07 | 30.04 | 2.25 | 12.5 | 37.2 | 0.79 | 9.72 | 29.51 | 0.19 | 5.56 | 5.56 | 15.00 | -2.41 | 8.62 | 288.61 | 1.95 | -3.06 | 114.29 | 20.63 | -4.76 | -14.29 | -371.43 | 28.57 | 18.98 | -3.26 | -4.48 |
| 24Q2 (19) | 0.77 | -21.43 | 83.33 | 38.11 | -3.54 | 0.08 | 3.45 | -33.01 | 12.01 | 3.56 | -22.44 | 67.92 | 2.83 | -23.1 | 66.47 | 2.00 | -21.88 | 76.99 | 0.72 | -15.29 | 44.0 | 0.18 | 5.88 | 5.88 | 15.37 | -6.34 | 14.79 | 283.08 | -2.66 | -1.06 | 94.74 | -12.55 | -36.84 | 5.26 | 142.11 | 110.53 | 19.62 | -4.15 | -4.39 |
| 24Q1 (18) | 0.98 | 50.77 | 53.12 | 39.51 | 4.69 | -0.03 | 5.15 | 48.41 | 31.71 | 4.59 | 62.19 | 38.67 | 3.68 | 53.33 | 38.35 | 2.56 | 49.71 | 48.84 | 0.85 | 37.1 | 32.81 | 0.17 | -5.56 | 0.0 | 16.41 | 16.47 | 10.36 | 290.83 | -5.15 | 2.35 | 108.33 | -9.72 | -9.72 | -12.50 | 37.5 | 37.5 | 20.47 | 4.01 | -3.85 |
| 23Q4 (17) | 0.65 | 6.56 | 91.18 | 37.74 | 0.35 | -2.1 | 3.47 | -3.34 | 45.19 | 2.83 | -3.08 | 72.56 | 2.40 | 3.0 | 71.43 | 1.71 | 4.27 | 85.87 | 0.62 | 1.64 | 44.19 | 0.18 | 0.0 | 0.0 | 14.09 | 2.03 | 14.46 | 306.62 | 2.99 | 13.5 | 120.00 | 0.0 | -12.73 | -20.00 | 0.0 | 60.0 | 19.68 | -0.96 | -9.52 |
| 23Q3 (16) | 0.61 | 45.24 | -19.74 | 37.61 | -1.23 | -2.46 | 3.59 | 16.56 | -21.62 | 2.92 | 37.74 | -23.96 | 2.33 | 37.06 | -24.6 | 1.64 | 45.13 | -19.61 | 0.61 | 22.0 | -19.74 | 0.18 | 5.88 | -5.26 | 13.81 | 3.14 | -5.15 | 297.71 | 4.05 | 17.07 | 120.00 | -20.0 | -1.82 | -20.00 | 60.0 | -20.0 | 19.87 | -3.17 | 0.25 |
| 23Q2 (15) | 0.42 | -34.38 | -60.0 | 38.08 | -3.64 | -2.61 | 3.08 | -21.23 | -49.01 | 2.12 | -35.95 | -60.37 | 1.70 | -36.09 | -61.19 | 1.13 | -34.3 | -58.15 | 0.50 | -21.88 | -50.5 | 0.17 | 0.0 | -10.53 | 13.39 | -9.95 | -14.28 | 286.11 | 0.69 | 15.01 | 150.00 | 25.0 | 33.93 | -50.00 | -150.0 | -316.67 | 20.52 | -3.62 | 6.21 |
| 23Q1 (14) | 0.64 | 88.24 | -51.52 | 39.52 | 2.52 | -1.05 | 3.91 | 63.6 | -50.06 | 3.31 | 101.83 | -54.78 | 2.66 | 90.0 | -54.37 | 1.72 | 86.96 | -48.5 | 0.64 | 48.84 | -48.8 | 0.17 | -5.56 | -10.53 | 14.87 | 20.8 | -13.55 | 284.15 | 5.19 | 43.99 | 120.00 | -12.73 | 12.94 | -20.00 | 60.0 | -220.0 | 21.29 | -2.11 | 9.01 |
| 22Q4 (13) | 0.34 | -55.26 | -68.52 | 38.55 | -0.03 | -1.33 | 2.39 | -47.82 | -60.3 | 1.64 | -57.29 | -71.18 | 1.40 | -54.69 | -67.96 | 0.92 | -54.9 | -68.71 | 0.43 | -43.42 | -58.25 | 0.18 | -5.26 | -10.0 | 12.31 | -15.45 | -19.7 | 270.14 | 6.22 | 23.28 | 137.50 | 12.5 | 32.21 | -50.00 | -200.0 | -1150.0 | 21.75 | 9.74 | 7.09 |
| 22Q3 (12) | 0.76 | -27.62 | -58.24 | 38.56 | -1.38 | -0.41 | 4.58 | -24.17 | -50.65 | 3.84 | -28.22 | -55.04 | 3.09 | -29.45 | -55.22 | 2.04 | -24.44 | -63.96 | 0.76 | -24.75 | -55.56 | 0.19 | 0.0 | -13.64 | 14.56 | -6.79 | -15.05 | 254.31 | 2.23 | -9.85 | 122.22 | 9.13 | 13.49 | -16.67 | -38.89 | -116.67 | 19.82 | 2.59 | 11.98 |
| 22Q2 (11) | 1.05 | -20.45 | -35.98 | 39.10 | -2.1 | -0.2 | 6.04 | -22.86 | -33.77 | 5.35 | -26.91 | -36.54 | 4.38 | -24.87 | -34.82 | 2.70 | -19.16 | -47.57 | 1.01 | -19.2 | -36.48 | 0.19 | 0.0 | -9.52 | 15.62 | -9.19 | -9.71 | 248.77 | 26.06 | -5.36 | 112.00 | 5.41 | 6.11 | -12.00 | -92.0 | -44.0 | 19.32 | -1.08 | 9.77 |
| 22Q1 (10) | 1.32 | 22.22 | -27.87 | 39.94 | 2.23 | 0.94 | 7.83 | 30.07 | -20.83 | 7.32 | 28.65 | -22.54 | 5.83 | 33.41 | -23.49 | 3.34 | 13.61 | -45.07 | 1.25 | 21.36 | -30.94 | 0.19 | -5.0 | -13.64 | 17.20 | 12.2 | -6.06 | 197.34 | -9.94 | -24.55 | 106.25 | 2.16 | 1.07 | -6.25 | -56.25 | -21.88 | 19.53 | -3.84 | 8.02 |
| 21Q4 (9) | 1.08 | -40.66 | -21.74 | 39.07 | 0.9 | 2.9 | 6.02 | -35.13 | -18.76 | 5.69 | -33.37 | -14.95 | 4.37 | -36.67 | -22.79 | 2.94 | -48.06 | -36.64 | 1.03 | -39.77 | -25.9 | 0.20 | -9.09 | -4.76 | 15.33 | -10.56 | -1.67 | 219.12 | -22.33 | -21.67 | 104.00 | -3.43 | -6.4 | -4.00 | 48.0 | 64.0 | 20.31 | 14.75 | -0.25 |
| 21Q3 (8) | 1.82 | 10.98 | 41.09 | 38.72 | -1.17 | 1.26 | 9.28 | 1.75 | 12.62 | 8.54 | 1.3 | 17.47 | 6.90 | 2.68 | 23.66 | 5.66 | 9.9 | 7.81 | 1.71 | 7.55 | 20.42 | 0.22 | 4.76 | 0.0 | 17.14 | -0.92 | 7.13 | 282.11 | 7.32 | -0.42 | 107.69 | 2.02 | -5.36 | -7.69 | 7.69 | 44.23 | 17.70 | 0.57 | -0.67 |
| 21Q2 (7) | 1.64 | -10.38 | -1.2 | 39.18 | -0.99 | 0.0 | 9.12 | -7.79 | -4.4 | 8.43 | -10.79 | -3.66 | 6.72 | -11.81 | -1.32 | 5.15 | -15.3 | -26.95 | 1.59 | -12.15 | -7.56 | 0.21 | -4.55 | -4.55 | 17.30 | -5.52 | 0.0 | 262.86 | 0.5 | -31.63 | 105.56 | 0.41 | -5.56 | -8.33 | -62.5 | 5.56 | 17.60 | -2.65 | -3.08 |
| 21Q1 (6) | 1.83 | 32.61 | 0 | 39.57 | 4.21 | 0 | 9.89 | 33.47 | 0 | 9.45 | 41.26 | 0 | 7.62 | 34.63 | 0 | 6.08 | 31.03 | 0 | 1.81 | 30.22 | 0 | 0.22 | 4.76 | 0 | 18.31 | 17.45 | 0 | 261.56 | -6.5 | 0 | 105.13 | -5.38 | 0 | -5.13 | 53.85 | 0 | 18.08 | -11.2 | 0 |
| 20Q4 (5) | 1.38 | 6.98 | 0 | 37.97 | -0.71 | 0 | 7.41 | -10.07 | 0 | 6.69 | -7.98 | 0 | 5.66 | 1.43 | 0 | 4.64 | -11.62 | 0 | 1.39 | -2.11 | 0 | 0.21 | -4.55 | 0 | 15.59 | -2.56 | 0 | 279.73 | -1.26 | 0 | 111.11 | -2.36 | 0 | -11.11 | 19.44 | 0 | 20.36 | 14.25 | 0 |
| 20Q3 (4) | 1.29 | -22.29 | 0.0 | 38.24 | -2.4 | 0.0 | 8.24 | -13.63 | 0.0 | 7.27 | -16.91 | 0.0 | 5.58 | -18.06 | 0.0 | 5.25 | -25.53 | 0.0 | 1.42 | -17.44 | 0.0 | 0.22 | 0.0 | 0.0 | 16.00 | -7.51 | 0.0 | 283.30 | -26.31 | 0.0 | 113.79 | 1.81 | 0.0 | -13.79 | -56.32 | 0.0 | 17.82 | -1.87 | 0.0 |
| 20Q2 (3) | 1.66 | 0 | 0.0 | 39.18 | 0 | 0.0 | 9.54 | 0 | 0.0 | 8.75 | 0 | 0.0 | 6.81 | 0 | 0.0 | 7.05 | 0 | 0.0 | 1.72 | 0 | 0.0 | 0.22 | 0 | 0.0 | 17.30 | 0 | 0.0 | 384.46 | 0 | 0.0 | 111.76 | 0 | 0.0 | -8.82 | 0 | 0.0 | 18.16 | 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) | 2.32 | -33.14 | 38.21 | -2.08 | 3.51 | -31.98 | 9.65 | 6.49 | 2.80 | -37.5 | 2.27 | -37.47 | 6.15 | -32.49 | 2.35 | -29.22 | 0.70 | -4.11 | 13.97 | -6.12 | 306.62 | 13.5 | 125.45 | 9.61 | -25.45 | 0 | 0.27 | -10.93 | 20.31 | 0.94 |
| 2022 (9) | 3.47 | -44.57 | 39.02 | -0.26 | 5.16 | -39.72 | 9.07 | 16.98 | 4.48 | -44.07 | 3.63 | -43.19 | 9.11 | -48.3 | 3.32 | -42.86 | 0.73 | -8.75 | 14.88 | -12.47 | 270.14 | 23.28 | 114.46 | 6.72 | -14.46 | 0 | 0.30 | -20.22 | 20.12 | 9.17 |
| 2021 (8) | 6.26 | 2.62 | 39.12 | 1.19 | 8.56 | -3.28 | 7.75 | 7.62 | 8.01 | -0.12 | 6.39 | 0.47 | 17.62 | -25.47 | 5.81 | -8.36 | 0.80 | -9.09 | 17.00 | 2.35 | 219.12 | -21.67 | 107.25 | -2.71 | -7.25 | 0 | 0.38 | -39.93 | 18.43 | -1.13 |
| 2020 (7) | 6.10 | 13.59 | 38.66 | -0.13 | 8.85 | 3.87 | 7.20 | 7.33 | 8.02 | 5.53 | 6.36 | 5.12 | 23.64 | -8.51 | 6.34 | -15.8 | 0.88 | -20.0 | 16.61 | 6.75 | 279.73 | -27.48 | 110.24 | -1.81 | -10.24 | 0 | 0.63 | 0 | 18.64 | -1.58 |
| 2019 (6) | 5.37 | -26.24 | 38.71 | -0.72 | 8.52 | -2.96 | 6.71 | 634.69 | 7.60 | -15.56 | 6.05 | -16.32 | 25.84 | -23.93 | 7.53 | -40.62 | 1.10 | -36.05 | 15.56 | 49.19 | 385.71 | 119.53 | 112.26 | 15.19 | -12.26 | 0 | 0.00 | 0 | 18.94 | 0.8 |
| 2018 (5) | 7.28 | -40.03 | 38.99 | 1.22 | 8.78 | -14.76 | 0.91 | 12.51 | 9.00 | -13.13 | 7.23 | -15.93 | 33.97 | 0 | 12.68 | 0 | 1.72 | 0 | 10.43 | -10.78 | 175.70 | 3.71 | 97.46 | -1.77 | 2.54 | 225.42 | 0.00 | 0 | 18.79 | 6.7 |
| 2017 (4) | 12.14 | 0 | 38.52 | 0 | 10.30 | 0 | 0.81 | 0 | 10.36 | 0 | 8.60 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 11.69 | 0 | 169.42 | 0 | 99.22 | 0 | 0.78 | 0 | 0.00 | 0 | 17.61 | 0 |
