- 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) | 1.05 | 15.38 | 40.0 | 31.97 | 1.95 | -2.53 | 12.64 | -0.08 | 11.17 | 13.33 | 9.08 | 8.55 | 8.94 | 19.36 | 10.64 | 3.23 | 22.81 | 38.03 | 1.58 | 17.04 | 25.4 | 0.17 | 0.0 | 13.33 | 17.90 | 5.85 | -2.13 | 114.03 | 0.66 | 11.36 | 95.74 | -8.71 | 5.65 | 4.26 | 274.47 | -31.91 | 20.75 | -2.26 | -17.56 |
| 24Q2 (19) | 0.91 | -3.19 | -4.21 | 31.36 | -3.8 | -6.67 | 12.65 | 14.17 | -33.32 | 12.22 | 4.09 | -32.0 | 7.49 | -16.78 | -28.67 | 2.63 | -5.4 | -10.85 | 1.35 | -7.53 | -16.15 | 0.17 | 13.33 | 21.43 | 16.91 | -1.57 | -30.41 | 113.28 | 11.77 | 17.69 | 104.88 | 11.43 | -1.68 | -2.44 | -141.46 | 45.12 | 21.23 | -9.04 | -13.21 |
| 24Q1 (18) | 0.94 | -13.76 | 91.84 | 32.60 | 1.05 | 8.88 | 11.08 | 2.59 | 29.29 | 11.74 | 15.32 | 29.3 | 9.00 | -16.67 | 47.54 | 2.78 | -16.01 | 85.33 | 1.46 | -16.57 | 73.81 | 0.15 | 0.0 | 25.0 | 17.18 | 7.31 | 6.44 | 101.35 | 1.75 | 6.43 | 94.12 | -9.02 | -0.93 | 5.88 | 185.29 | 17.65 | 23.34 | -1.56 | -15.16 |
| 23Q4 (17) | 1.09 | 45.33 | 373.91 | 32.26 | -1.65 | -6.9 | 10.80 | -5.01 | 273.7 | 10.18 | -17.1 | 145.89 | 10.80 | 33.66 | 367.53 | 3.31 | 41.45 | 379.71 | 1.75 | 38.89 | 326.83 | 0.15 | 0.0 | 7.14 | 16.01 | -12.47 | 59.46 | 99.61 | -2.72 | -5.02 | 103.45 | 14.15 | 47.78 | -6.90 | -210.34 | -122.99 | 23.71 | -5.8 | -2.95 |
| 23Q3 (16) | 0.75 | -21.05 | -40.0 | 32.80 | -2.38 | -7.63 | 11.37 | -40.06 | 7.26 | 12.28 | -31.66 | -18.35 | 8.08 | -23.05 | -36.18 | 2.34 | -20.68 | -43.75 | 1.26 | -21.74 | -30.39 | 0.15 | 7.14 | 15.38 | 18.29 | -24.73 | -13.81 | 102.40 | 6.39 | -26.09 | 90.62 | -15.04 | 28.97 | 6.25 | 240.62 | -78.98 | 25.17 | 2.9 | 4.61 |
| 23Q2 (15) | 0.95 | 93.88 | 21.79 | 33.60 | 12.22 | -5.14 | 18.97 | 121.35 | 97.81 | 17.97 | 97.91 | 77.39 | 10.50 | 72.13 | 45.43 | 2.95 | 96.67 | 13.9 | 1.61 | 91.67 | 37.61 | 0.14 | 16.67 | -6.67 | 24.30 | 50.56 | 54.48 | 96.25 | 1.07 | -37.35 | 106.67 | 12.28 | 10.77 | -4.44 | -188.89 | -220.0 | 24.46 | -11.09 | 3.03 |
| 23Q1 (14) | 0.49 | 113.04 | -66.21 | 29.94 | -13.59 | -16.18 | 8.57 | 196.54 | -51.85 | 9.08 | 119.32 | -50.73 | 6.10 | 164.07 | -51.97 | 1.50 | 117.39 | -69.01 | 0.84 | 104.88 | -60.56 | 0.12 | -14.29 | -25.0 | 16.14 | 60.76 | -31.58 | 95.23 | -9.19 | -27.41 | 95.00 | 35.71 | -1.2 | 5.00 | -83.33 | 30.0 | 27.51 | 12.61 | 30.32 |
| 22Q4 (13) | 0.23 | -81.6 | -69.74 | 34.65 | -2.42 | 2.15 | 2.89 | -72.74 | -73.09 | 4.14 | -72.47 | -62.16 | 2.31 | -81.75 | -69.4 | 0.69 | -83.41 | -73.56 | 0.41 | -77.35 | -64.66 | 0.14 | 7.69 | 0.0 | 10.04 | -52.69 | -41.42 | 104.87 | -24.3 | -28.49 | 70.00 | -0.38 | -27.31 | 30.00 | 0.91 | 0 | 24.43 | 1.54 | -0.61 |
| 22Q3 (12) | 1.25 | 60.26 | -24.24 | 35.51 | 0.25 | 0.97 | 10.60 | 10.53 | -46.11 | 15.04 | 48.47 | -22.39 | 12.66 | 75.35 | -2.24 | 4.16 | 60.62 | -30.67 | 1.81 | 54.7 | -27.02 | 0.13 | -13.33 | -27.78 | 21.22 | 34.9 | -12.06 | 138.54 | -9.83 | -9.93 | 70.27 | -27.03 | -30.86 | 29.73 | 702.7 | 1913.51 | 24.06 | 1.35 | 19.05 |
| 22Q2 (11) | 0.78 | -46.21 | -46.21 | 35.42 | -0.84 | 4.08 | 9.59 | -46.12 | -46.87 | 10.13 | -45.04 | -42.44 | 7.22 | -43.15 | -38.34 | 2.59 | -46.49 | -52.21 | 1.17 | -45.07 | -47.06 | 0.15 | -6.25 | -16.67 | 15.73 | -33.32 | -29.21 | 153.64 | 17.11 | 0.16 | 96.30 | 0.15 | -5.45 | 3.70 | -3.7 | 300.0 | 23.74 | 12.46 | 42.07 |
| 22Q1 (10) | 1.45 | 90.79 | 21.85 | 35.72 | 5.31 | 6.82 | 17.80 | 65.74 | 5.58 | 18.43 | 68.46 | 14.54 | 12.70 | 68.21 | 23.06 | 4.84 | 85.44 | 6.37 | 2.13 | 83.62 | 15.14 | 0.16 | 14.29 | -5.88 | 23.59 | 37.63 | 8.36 | 131.19 | -10.55 | -19.7 | 96.15 | -0.15 | -8.03 | 3.85 | 0 | 184.62 | 21.11 | -14.12 | 8.2 |
| 21Q4 (9) | 0.76 | -53.94 | -76.25 | 33.92 | -3.55 | 3.83 | 10.74 | -45.4 | -25.78 | 10.94 | -43.55 | -45.92 | 7.55 | -41.7 | -45.05 | 2.61 | -56.5 | -80.15 | 1.16 | -53.23 | -77.08 | 0.14 | -22.22 | -58.82 | 17.14 | -28.97 | -35.3 | 146.66 | -4.65 | -10.72 | 96.30 | -5.26 | 34.55 | 0.00 | 100.0 | -100.0 | 24.58 | 21.62 | 26.83 |
| 21Q3 (8) | 1.65 | 13.79 | 0 | 35.17 | 3.35 | 0 | 19.67 | 8.98 | 0 | 19.38 | 10.11 | 0 | 12.95 | 10.59 | 0 | 6.00 | 10.7 | 0 | 2.48 | 12.22 | 0 | 0.18 | 0.0 | 0 | 24.13 | 8.6 | 0 | 153.82 | 0.27 | 0 | 101.64 | -0.21 | 0 | -1.64 | 11.48 | 0 | 20.21 | 20.95 | 0 |
| 21Q2 (7) | 1.45 | 21.85 | 0 | 34.03 | 1.76 | 0 | 18.05 | 7.06 | 0 | 17.60 | 9.38 | 0 | 11.71 | 13.47 | 0 | 5.42 | 19.12 | 0 | 2.21 | 19.46 | 0 | 0.18 | 5.88 | 0 | 22.22 | 2.07 | 0 | 153.40 | -6.1 | 0 | 101.85 | -2.58 | 0 | -1.85 | 59.26 | 0 | 16.71 | -14.35 | 0 |
| 21Q1 (6) | 1.19 | -62.81 | 0 | 33.44 | 2.36 | 0 | 16.86 | 16.52 | 0 | 16.09 | -20.46 | 0 | 10.32 | -24.89 | 0 | 4.55 | -65.4 | 0 | 1.85 | -63.44 | 0 | 0.17 | -50.0 | 0 | 21.77 | -17.82 | 0 | 163.37 | -0.55 | 0 | 104.55 | 46.08 | 0 | -4.55 | -115.99 | 0 | 19.51 | 0.67 | 0 |
| 20Q4 (5) | 3.20 | 0 | 0 | 32.67 | 0 | 0 | 14.47 | 0 | 0 | 20.23 | 0 | 0 | 13.74 | 0 | 0 | 13.15 | 0 | 0 | 5.06 | 0 | 0 | 0.34 | 0 | 0 | 26.49 | 0 | 0 | 164.27 | 0 | 0 | 71.57 | 0 | 0 | 28.43 | 0 | 0 | 19.38 | 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) | 3.28 | -9.14 | 32.22 | -8.83 | 12.48 | 19.31 | 5.34 | 11.52 | 12.40 | 2.48 | 9.00 | 2.16 | 9.99 | -12.29 | 5.31 | -3.8 | 0.55 | -5.17 | 18.58 | 4.38 | 99.61 | -5.02 | 100.00 | 16.51 | -0.79 | 0 | 0.16 | -0.22 | 25.10 | 7.86 |
| 2022 (9) | 3.61 | -28.8 | 35.34 | 3.39 | 10.46 | -37.14 | 4.78 | 11.02 | 12.10 | -25.77 | 8.81 | -18.65 | 11.39 | -40.4 | 5.52 | -30.91 | 0.58 | -15.94 | 17.80 | -17.05 | 104.87 | -28.49 | 85.83 | -15.99 | 13.39 | 0 | 0.16 | 44.46 | 23.27 | 16.06 |
| 2021 (8) | 5.07 | 18.18 | 34.18 | 4.27 | 16.64 | 25.68 | 4.31 | -22.6 | 16.30 | 2.26 | 10.83 | 4.94 | 19.11 | 8.27 | 7.99 | 13.49 | 0.69 | 11.29 | 21.46 | -6.9 | 146.66 | -10.72 | 102.16 | 22.77 | -2.16 | 0 | 0.11 | -15.17 | 20.05 | -3.05 |
| 2020 (7) | 4.29 | 0 | 32.78 | 8.58 | 13.24 | 40.4 | 5.57 | -15.6 | 15.94 | 843.2 | 10.32 | 0 | 17.65 | 0 | 7.04 | 2833.33 | 0.62 | 0.0 | 23.05 | 128.9 | 164.27 | -15.22 | 83.22 | -84.59 | 16.78 | 0 | 0.13 | 0 | 20.68 | -10.32 |
| 2019 (6) | -0.31 | 0 | 30.19 | -1.63 | 9.43 | 16.85 | 6.60 | -3.04 | 1.69 | -75.96 | -0.78 | 0 | -1.36 | 0 | 0.24 | 0 | 0.62 | 0 | 10.07 | -34.74 | 193.75 | 13.28 | 540.00 | 374.55 | -446.67 | 0 | 0.00 | 0 | 23.06 | -4.28 |
| 2018 (5) | 1.42 | 0 | 30.69 | 0 | 8.07 | 0 | 6.80 | 0 | 7.03 | 0 | 3.72 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 15.43 | 0 | 171.04 | 0 | 113.79 | 0 | -15.52 | 0 | 0.00 | 0 | 24.09 | 0 |
