- 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) | -0.45 | 21.05 | 47.06 | 18.52 | 186.24 | 1880.77 | -10.51 | 49.3 | 77.1 | -15.70 | 36.23 | 62.08 | -13.53 | 39.25 | 59.88 | -2.25 | 19.64 | 32.23 | -0.84 | 26.96 | 45.45 | 0.08 | 33.33 | 60.0 | 9.82 | 36.39 | 0 | 111.39 | 8.02 | 23.25 | 65.38 | -22.04 | -41.5 | 30.77 | 90.77 | 361.54 | 31.94 | -13.7 | -26.57 |
| 24Q2 (19) | -0.57 | -39.02 | -2950.0 | 6.47 | 187.55 | -77.5 | -20.73 | 58.62 | -699.13 | -24.62 | 35.65 | -1349.75 | -22.27 | -11.46 | -4941.3 | -2.80 | -41.41 | -3600.0 | -1.15 | -57.53 | -579.17 | 0.06 | 20.0 | -40.0 | 7.20 | 142.42 | -66.54 | 103.12 | -0.51 | 22.04 | 83.87 | -35.86 | -47.58 | 16.13 | 152.42 | 120.16 | 37.01 | -23.97 | 51.49 |
| 24Q1 (18) | -0.41 | 90.1 | -191.11 | -7.39 | 93.59 | -125.14 | -50.10 | 68.29 | -533.77 | -38.26 | 79.25 | -486.46 | -19.98 | 86.4 | -334.51 | -1.98 | 88.96 | -222.22 | -0.73 | 91.8 | -168.22 | 0.05 | -16.67 | -54.55 | 2.97 | 102.0 | -89.25 | 103.65 | 0.41 | 34.98 | 130.77 | 52.27 | 8.97 | -30.77 | -312.06 | -92.31 | 48.68 | -3.03 | 104.62 |
| 23Q4 (17) | -4.14 | -387.06 | -41300.0 | -115.31 | -10987.5 | -631.87 | -158.00 | -244.23 | -12443.75 | -184.39 | -345.39 | -23440.51 | -146.96 | -335.82 | -122366.67 | -17.94 | -440.36 | -59700.0 | -8.90 | -477.92 | -9988.89 | 0.06 | 20.0 | -53.85 | -148.55 | 0 | -1035.45 | 103.23 | 14.22 | 45.39 | 85.88 | -23.16 | -57.06 | 14.51 | 223.33 | 129.02 | 50.20 | 15.4 | 109.87 |
| 23Q3 (16) | -0.85 | -4350.0 | -270.0 | -1.04 | -103.62 | -103.91 | -45.90 | -1426.59 | -743.76 | -41.40 | -2201.52 | -656.45 | -33.72 | -7430.43 | -652.79 | -3.32 | -4250.0 | -280.43 | -1.54 | -741.67 | -240.0 | 0.05 | -50.0 | -68.75 | 0.00 | -100.0 | -100.0 | 90.38 | 6.96 | 14.25 | 111.76 | -30.15 | 15.62 | -11.76 | 85.29 | -452.94 | 43.50 | 78.06 | 123.88 |
| 23Q2 (15) | 0.02 | -95.56 | -98.29 | 28.75 | -2.18 | -10.32 | 3.46 | -70.04 | -75.51 | 1.97 | -80.1 | -86.27 | 0.46 | -94.6 | -95.96 | 0.08 | -95.06 | -98.09 | 0.24 | -77.57 | -89.19 | 0.10 | -9.09 | -44.44 | 21.52 | -22.11 | -12.59 | 84.50 | 10.04 | -5.41 | 160.00 | 33.33 | 62.5 | -80.00 | -400.0 | -5300.0 | 24.43 | 2.69 | 4.05 |
| 23Q1 (14) | 0.45 | 4600.0 | -63.71 | 29.39 | 35.56 | -13.76 | 11.55 | 802.34 | -30.71 | 9.90 | 1153.16 | -44.51 | 8.52 | 7200.0 | -34.41 | 1.62 | 5500.0 | -65.89 | 1.07 | 1088.89 | -54.85 | 0.11 | -15.38 | -35.29 | 27.63 | 73.99 | -4.56 | 76.79 | 8.15 | -31.88 | 120.00 | -40.0 | 26.96 | -16.00 | 68.0 | -333.6 | 23.79 | -0.54 | 3.8 |
| 22Q4 (13) | -0.01 | -102.0 | -100.83 | 21.68 | -18.4 | -47.02 | 1.28 | -82.05 | -93.59 | 0.79 | -89.38 | -95.51 | -0.12 | -101.97 | -100.87 | -0.03 | -101.63 | -100.62 | 0.09 | -91.82 | -96.22 | 0.13 | -18.75 | -18.75 | 15.88 | -13.93 | -45.73 | 71.00 | -10.25 | -35.09 | 200.00 | 106.9 | 76.0 | -50.00 | -1600.0 | -266.67 | 23.92 | 23.11 | 7.6 |
| 22Q3 (12) | 0.50 | -57.26 | 212.5 | 26.57 | -17.12 | -7.84 | 7.13 | -49.54 | 189.84 | 7.44 | -48.15 | 93.75 | 6.10 | -46.4 | 126.77 | 1.84 | -56.09 | 187.5 | 1.10 | -50.45 | 144.44 | 0.16 | -11.11 | 45.45 | 18.45 | -25.06 | -11.6 | 79.11 | -11.44 | -34.56 | 96.67 | -1.82 | 61.11 | 3.33 | 116.67 | -91.67 | 19.43 | -17.25 | -40.89 |
| 22Q2 (11) | 1.17 | -5.65 | 11600.0 | 32.06 | -5.93 | 45.53 | 14.13 | -15.24 | 169.66 | 14.35 | -19.56 | 549.32 | 11.38 | -12.39 | 12544.44 | 4.19 | -11.79 | 13866.67 | 2.22 | -6.33 | 1380.0 | 0.18 | 5.88 | 28.57 | 24.62 | -14.96 | 45.34 | 89.33 | -20.75 | -4.23 | 98.46 | 4.17 | -56.92 | 1.54 | -77.54 | 101.2 | 23.48 | 2.44 | -5.17 |
| 22Q1 (10) | 1.24 | 3.33 | 65.33 | 34.08 | -16.72 | 15.56 | 16.67 | -16.52 | 67.03 | 17.84 | 1.36 | 45.51 | 12.99 | -5.53 | 26.61 | 4.75 | -1.86 | 60.47 | 2.37 | -0.42 | 38.6 | 0.17 | 6.25 | 13.33 | 28.95 | -1.06 | 9.53 | 112.72 | 3.05 | 31.05 | 94.52 | -16.82 | 18.91 | 6.85 | 150.23 | -61.84 | 22.92 | 3.1 | -13.25 |
| 21Q4 (9) | 1.20 | 650.0 | 11.11 | 40.92 | 41.94 | 24.64 | 19.97 | 711.79 | 56.14 | 17.60 | 358.33 | 13.04 | 13.75 | 411.15 | -15.54 | 4.84 | 656.25 | 9.5 | 2.38 | 428.89 | -1.24 | 0.16 | 45.45 | 14.29 | 29.26 | 40.2 | -2.24 | 109.38 | -9.52 | 22.34 | 113.64 | 89.39 | 38.89 | -13.64 | -134.09 | -175.0 | 22.23 | -32.37 | -19.98 |
| 21Q3 (8) | 0.16 | 1500.0 | -20.0 | 28.83 | 30.87 | 1.26 | 2.46 | -53.05 | -62.73 | 3.84 | 73.76 | -40.47 | 2.69 | 2888.89 | -23.14 | 0.64 | 2033.33 | -25.58 | 0.45 | 200.0 | -25.0 | 0.11 | -21.43 | -15.38 | 20.87 | 23.2 | -10.16 | 120.89 | 29.6 | 21.79 | 60.00 | -73.75 | -43.53 | 40.00 | 131.11 | 0 | 32.87 | 32.75 | 0.46 |
| 21Q2 (7) | 0.01 | -98.67 | 0 | 22.03 | -25.3 | 0 | 5.24 | -47.49 | 0 | 2.21 | -81.97 | 0 | 0.09 | -99.12 | 0 | 0.03 | -98.99 | 0 | 0.15 | -91.23 | 0 | 0.14 | -6.67 | 0 | 16.94 | -35.91 | 0 | 93.28 | 8.45 | 0 | 228.57 | 187.56 | 0 | -128.57 | -816.33 | 0 | 24.76 | -6.28 | 0 |
| 21Q1 (6) | 0.75 | -30.56 | 0 | 29.49 | -10.17 | 0 | 9.98 | -21.97 | 0 | 12.26 | -21.26 | 0 | 10.26 | -36.98 | 0 | 2.96 | -33.03 | 0 | 1.71 | -29.05 | 0 | 0.15 | 7.14 | 0 | 26.43 | -11.69 | 0 | 86.01 | -3.8 | 0 | 79.49 | -2.85 | 0 | 17.95 | -1.28 | 0 | 26.42 | -4.9 | 0 |
| 20Q4 (5) | 1.08 | 440.0 | 0 | 32.83 | 15.31 | 0 | 12.79 | 93.79 | 0 | 15.57 | 141.4 | 0 | 16.28 | 365.14 | 0 | 4.42 | 413.95 | 0 | 2.41 | 301.67 | 0 | 0.14 | 7.69 | 0 | 29.93 | 28.84 | 0 | 89.41 | -9.92 | 0 | 81.82 | -22.99 | 0 | 18.18 | 0 | 0 | 27.78 | -15.1 | 0 |
| 20Q3 (4) | 0.20 | 0 | 0.0 | 28.47 | 0 | 0.0 | 6.60 | 0 | 0.0 | 6.45 | 0 | 0.0 | 3.50 | 0 | 0.0 | 0.86 | 0 | 0.0 | 0.60 | 0 | 0.0 | 0.13 | 0 | 0.0 | 23.23 | 0 | 0.0 | 99.26 | 0 | 0.0 | 106.25 | 0 | 0.0 | 0.00 | 0 | 0.0 | 32.72 | 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) | -4.52 | 0 | -2.24 | 0 | -31.37 | 0 | 21.80 | 110.3 | -36.50 | 0 | -29.34 | 0 | -18.69 | 0 | -9.24 | 0 | 0.34 | -50.0 | -10.96 | 0 | 103.23 | 45.39 | 85.87 | -11.01 | 14.13 | 302.72 | 0.33 | -23.01 | 32.04 | 43.16 |
| 2022 (9) | 2.79 | 31.6 | 29.22 | -5.74 | 10.57 | 2.52 | 10.36 | -18.78 | 10.93 | 12.45 | 8.27 | 13.13 | 10.61 | 26.01 | 6.11 | 28.36 | 0.68 | 17.24 | 22.46 | -5.79 | 71.00 | -35.09 | 96.49 | -8.79 | 3.51 | 0 | 0.43 | 65.44 | 22.38 | -14.15 |
| 2021 (8) | 2.12 | 1.44 | 31.00 | -7.66 | 10.31 | -5.67 | 12.76 | -11.91 | 9.72 | -11.56 | 7.31 | -18.05 | 8.42 | -0.59 | 4.76 | -7.75 | 0.58 | 13.73 | 23.84 | -12.9 | 109.38 | 22.34 | 105.79 | 6.76 | -5.79 | 0 | 0.26 | 33.26 | 26.07 | -15.22 |
| 2020 (7) | 2.09 | 77.12 | 33.57 | -5.57 | 10.93 | 173.93 | 14.49 | 34.13 | 10.99 | 137.88 | 8.92 | 107.93 | 8.47 | 74.28 | 5.16 | 54.95 | 0.51 | -15.0 | 27.37 | 57.03 | 89.41 | 5.47 | 99.09 | 13.85 | 0.91 | -92.99 | 0.20 | 0 | 30.75 | -5.0 |
| 2019 (6) | 1.18 | 59.46 | 35.55 | 27.06 | 3.99 | 16.67 | 10.80 | 34.38 | 4.62 | 22.87 | 4.29 | 106.25 | 4.86 | 62.0 | 3.33 | 52.75 | 0.60 | -25.0 | 17.43 | 35.12 | 84.77 | -7.35 | 87.04 | -4.75 | 12.96 | 50.37 | 0.00 | 0 | 32.37 | 30.05 |
| 2018 (5) | 0.74 | -41.27 | 27.98 | -0.32 | 3.42 | -26.29 | 8.04 | 17.7 | 3.76 | -24.04 | 2.08 | -40.23 | 3.00 | -39.52 | 2.18 | -35.69 | 0.80 | -1.23 | 12.90 | 0.86 | 91.49 | 27.05 | 91.38 | -2.53 | 8.62 | 37.93 | 0.00 | 0 | 24.89 | 13.19 |
| 2017 (4) | 1.26 | -51.54 | 28.07 | -9.71 | 4.64 | -45.98 | 6.83 | 3.98 | 4.95 | -34.52 | 3.48 | -43.51 | 4.96 | -50.55 | 3.39 | -40.94 | 0.81 | -1.22 | 12.79 | -16.24 | 72.01 | -11.98 | 93.75 | -17.31 | 6.25 | 0 | 0.00 | 0 | 21.99 | 14.35 |
| 2016 (3) | 2.60 | 101.55 | 31.09 | 1.87 | 8.59 | 38.55 | 6.57 | -13.84 | 7.56 | 53.66 | 6.16 | 98.07 | 10.03 | 0 | 5.74 | 0 | 0.82 | 0 | 15.27 | 11.22 | 81.81 | -29.43 | 113.38 | -10.28 | -13.38 | 0 | 0.00 | 0 | 19.23 | -6.06 |
| 2015 (2) | 1.29 | 0 | 30.52 | 0 | 6.20 | 0 | 7.62 | 0 | 4.92 | 0 | 3.11 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 13.73 | 0 | 115.92 | 0 | 126.37 | 0 | -26.37 | 0 | 0.00 | 0 | 20.47 | 0 |
