- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q4 (20) | -0.03 | -108.57 | 93.88 | 47.19 | -2.05 | 10.59 | -10.60 | -172.26 | 73.49 | -3.58 | -124.5 | 91.21 | -2.24 | -114.98 | 93.98 | -0.20 | -108.93 | 93.9 | -0.18 | -109.38 | 93.68 | 0.08 | -38.46 | 0.0 | 1.61 | -90.7 | 104.62 | 7.65 | -11.15 | -34.39 | 350.00 | 250.0 | 250.0 | -200.00 | 0 | 0 | 44.58 | 114.02 | -16.16 |
| 24Q3 (19) | 0.35 | -18.6 | 240.0 | 48.18 | 0.44 | -0.64 | 14.67 | 8.35 | 171.32 | 14.61 | -10.97 | 188.55 | 14.95 | -7.26 | 188.72 | 2.24 | -21.68 | 204.67 | 1.92 | -18.3 | 213.61 | 0.13 | -13.33 | 30.0 | 17.31 | -7.68 | 259.25 | 8.61 | -65.52 | -57.79 | 100.00 | 20.0 | -11.11 | 0.00 | -100.0 | 100.0 | 20.83 | -2.62 | -56.75 |
| 24Q2 (18) | 0.43 | 1533.33 | 4200.0 | 47.97 | 3.12 | 2.72 | 13.54 | 297.66 | 1053.52 | 16.41 | 832.59 | 1278.99 | 16.12 | 871.29 | 2728.07 | 2.86 | 1291.67 | 2760.0 | 2.35 | 1275.0 | 2511.11 | 0.15 | 50.0 | 15.38 | 18.75 | 1175.51 | 204.88 | 24.97 | 34.39 | -19.68 | 83.33 | -66.67 | 183.33 | 16.67 | 111.11 | -91.67 | 21.39 | -33.18 | -39.37 |
| 24Q1 (17) | -0.03 | 93.88 | -250.0 | 46.52 | 9.02 | -5.06 | -6.85 | 82.87 | -4129.41 | -2.24 | 94.5 | -294.78 | -2.09 | 94.38 | -281.74 | -0.24 | 92.68 | -220.0 | -0.20 | 92.98 | -217.65 | 0.10 | 25.0 | -28.57 | 1.47 | 104.21 | -75.74 | 18.58 | 59.35 | -43.22 | 250.00 | 150.0 | 0 | -150.00 | 0 | -250.0 | 32.01 | -39.8 | -6.18 |
| 23Q4 (16) | -0.49 | -96.0 | -1325.0 | 42.67 | -12.0 | -11.29 | -39.99 | -94.41 | -343.35 | -40.71 | -146.73 | -319.26 | -37.20 | -120.77 | -1753.33 | -3.28 | -53.27 | -1125.0 | -2.85 | -68.64 | -1196.15 | 0.08 | -20.0 | -33.33 | -34.88 | -220.88 | -563.12 | 11.66 | -42.84 | -44.77 | 100.00 | -11.11 | 20.0 | -0.00 | 100.0 | 0 | 53.17 | 10.4 | 34.91 |
| 23Q3 (15) | -0.25 | -2600.0 | -162.5 | 48.49 | 3.83 | 2.34 | -20.57 | -1348.59 | -355.85 | -16.50 | -1486.55 | -220.17 | -16.85 | -3056.14 | -230.82 | -2.14 | -2240.0 | -166.46 | -1.69 | -1977.78 | -164.75 | 0.10 | -23.08 | -50.0 | -10.87 | -276.75 | -166.56 | 20.40 | -34.38 | 1.34 | 112.50 | 212.5 | 82.81 | -25.00 | -112.5 | -154.17 | 48.16 | 36.51 | 75.0 |
| 23Q2 (14) | 0.01 | -50.0 | 0 | 46.70 | -4.69 | 0 | -1.42 | -935.29 | 0 | 1.19 | 3.48 | 0 | 0.57 | -50.43 | 0 | 0.10 | -50.0 | 0 | 0.09 | -47.06 | 0 | 0.13 | -7.14 | 0 | 6.15 | 1.49 | 0 | 31.09 | -4.98 | 0 | -100.00 | 0 | 0 | 200.00 | 100.0 | 0 | 35.28 | 3.4 | 0 |
| 23Q1 (13) | 0.02 | -50.0 | 0 | 49.00 | 1.87 | 0 | 0.17 | 101.88 | 0 | 1.15 | 111.84 | 0 | 1.15 | -48.89 | 0 | 0.20 | -37.5 | 0 | 0.17 | -34.62 | 0 | 0.14 | 16.67 | 0 | 6.06 | 215.21 | 0 | 32.72 | 55.0 | 0 | 0.00 | -100.0 | 0 | 100.00 | 0 | 0 | 34.12 | -13.42 | 0 |
| 22Q4 (12) | 0.04 | -90.0 | 0 | 48.10 | 1.52 | 0 | -9.02 | -212.19 | 0 | -9.71 | -170.72 | 0 | 2.25 | -82.53 | 0 | 0.32 | -90.06 | 0 | 0.26 | -90.04 | 0 | 0.12 | -40.0 | 0 | -5.26 | -132.21 | 0 | 21.11 | 4.87 | 0 | 83.33 | 35.42 | 0 | -0.00 | -100.0 | 0 | 39.41 | 43.2 | 0 |
| 22Q3 (11) | 0.40 | 0 | 0 | 47.38 | 0 | 0 | 8.04 | 0 | 0 | 13.73 | 0 | 0 | 12.88 | 0 | 0 | 3.22 | 0 | 0 | 2.61 | 0 | 0 | 0.20 | 0 | 0 | 16.33 | 0 | 0 | 20.13 | 0 | 0 | 61.54 | 0 | 0 | 46.15 | 0 | 0 | 27.52 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 (10) | 0.72 | 0 | 47.61 | 1.34 | 5.57 | 0 | 2.32 | -36.52 | 8.63 | 0 | 8.91 | 0 | 4.70 | 0 | 4.31 | 0 | 0.48 | 29.73 | 11.88 | 0 | 7.65 | -34.39 | 63.33 | -46.05 | 36.67 | 0 | 14.15 | 700.85 | 27.45 | -33.24 |
| 2023 (9) | -0.70 | 0 | 46.98 | -3.69 | -12.47 | 0 | 3.65 | 77.17 | -10.68 | 0 | -10.26 | 0 | -4.43 | 0 | -3.80 | 0 | 0.37 | -53.16 | -5.48 | 0 | 11.66 | -44.77 | 117.39 | 35.45 | -17.39 | 0 | 1.77 | 24.72 | 41.12 | 58.21 |
| 2022 (8) | 2.15 | -7.73 | 48.78 | 8.74 | 13.32 | -18.23 | 2.06 | 25.48 | 15.55 | -6.55 | 17.11 | 2.82 | 16.84 | -18.33 | 13.57 | -16.23 | 0.79 | -18.56 | 18.04 | -3.94 | 21.11 | -23.35 | 86.67 | -10.82 | 15.00 | 965.0 | 1.42 | 0 | 25.99 | 17.12 |
| 2021 (7) | 2.33 | 117.76 | 44.86 | 5.58 | 16.29 | 41.28 | 1.64 | -25.59 | 16.64 | 31.33 | 16.64 | 31.33 | 20.62 | 46.14 | 16.20 | 40.75 | 0.97 | 7.78 | 18.78 | 19.09 | 27.54 | 0.36 | 97.18 | 5.06 | 1.41 | -85.92 | 0.00 | 0 | 22.19 | -3.14 |
| 2020 (6) | 1.07 | 181.58 | 42.49 | -4.02 | 11.53 | 146.37 | 2.21 | 90.64 | 12.67 | 130.78 | 12.67 | 130.78 | 14.11 | 153.32 | 11.51 | 145.42 | 0.90 | 5.88 | 15.77 | 85.75 | 27.44 | 50.36 | 92.50 | 7.92 | 10.00 | -30.0 | 0.00 | 0 | 22.91 | -13.71 |
| 2019 (5) | 0.38 | -30.91 | 44.27 | 11.15 | 4.68 | -18.04 | 1.16 | 21.24 | 5.49 | -16.18 | 5.49 | -16.18 | 5.57 | -35.68 | 4.69 | -34.5 | 0.85 | -22.02 | 8.49 | -8.12 | 18.25 | -9.52 | 85.71 | 0.0 | 14.29 | 0.0 | 0.00 | 0 | 26.55 | 12.17 |
| 2018 (4) | 0.55 | 0 | 39.83 | 22.74 | 5.71 | 0 | 0.96 | -37.9 | 6.55 | 0 | 6.55 | 0 | 8.66 | 0 | 7.16 | 0 | 1.09 | 19.78 | 9.24 | 0 | 20.17 | -7.26 | 85.71 | 2.04 | 14.29 | -10.71 | 0.00 | 0 | 23.67 | -9.55 |
| 2017 (3) | -0.67 | 0 | 32.45 | -4.53 | -8.21 | 0 | 1.54 | -28.85 | -9.61 | 0 | -9.61 | 0 | -10.51 | 0 | -8.79 | 0 | 0.91 | 62.5 | -5.77 | 0 | 21.75 | 24.0 | 84.00 | -16.0 | 16.00 | 1116.0 | 0.00 | 0 | 26.17 | -38.9 |
| 2016 (2) | -2.08 | 0 | 33.99 | 0 | -40.93 | 0 | 2.16 | 0 | -41.30 | 0 | -41.35 | 0 | -26.72 | 0 | -23.16 | 0 | 0.56 | 0 | -35.14 | 0 | 17.54 | 0 | 100.00 | 0 | 1.32 | 0 | 0.00 | 0 | 42.83 | 0 |
