- 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) | 2.23 | -1.33 | 10.4 | 26.82 | -11.25 | -0.19 | 19.99 | -2.11 | 31.77 | 20.35 | -12.92 | 6.82 | 16.03 | -15.68 | 4.98 | 5.62 | -6.8 | -8.62 | 2.80 | -2.78 | 8.53 | 0.17 | 13.33 | 0.0 | 21.43 | -13.13 | 3.83 | 95.07 | -11.67 | -32.48 | 98.15 | 11.87 | 23.48 | 1.85 | -84.9 | -90.97 | 10.00 | -7.58 | -13.64 |
| 24Q2 (19) | 2.26 | -7.76 | -14.72 | 30.22 | 18.7 | 4.89 | 20.42 | 11.34 | 1.85 | 23.37 | 8.14 | -9.24 | 19.01 | 23.12 | -7.0 | 6.03 | 0.67 | -30.61 | 2.88 | -3.68 | -17.95 | 0.15 | -21.05 | -11.76 | 24.67 | 8.73 | -10.52 | 107.63 | -2.95 | -20.84 | 87.74 | 3.37 | 12.96 | 12.26 | -18.92 | -45.08 | 10.82 | 21.44 | -13.78 |
| 24Q1 (18) | 2.45 | -21.47 | 18.36 | 25.46 | -5.28 | 36.15 | 18.34 | -9.61 | 40.21 | 21.61 | 10.59 | 59.25 | 15.44 | 2.39 | 54.09 | 5.99 | -23.4 | -14.18 | 2.99 | -19.41 | 8.33 | 0.19 | -24.0 | -29.63 | 22.69 | 10.58 | 55.2 | 110.90 | 23.76 | -31.2 | 84.87 | -17.72 | -12.06 | 15.13 | 484.2 | 333.61 | 8.91 | -1.55 | 11.1 |
| 23Q4 (17) | 3.12 | 54.46 | 52.94 | 26.88 | 0.04 | 34.8 | 20.29 | 33.75 | 47.67 | 19.54 | 2.57 | 38.39 | 15.08 | -1.24 | 35.37 | 7.82 | 27.15 | 12.2 | 3.71 | 43.8 | 33.45 | 0.25 | 47.06 | 0.0 | 20.52 | -0.58 | 33.59 | 89.61 | -36.36 | -38.53 | 103.15 | 29.77 | 5.83 | -3.94 | -119.19 | -255.51 | 9.05 | -21.85 | -13.65 |
| 23Q3 (16) | 2.02 | -23.77 | -16.87 | 26.87 | -6.73 | 31.59 | 15.17 | -24.34 | 11.63 | 19.05 | -26.02 | 9.61 | 15.27 | -25.29 | 7.08 | 6.15 | -29.23 | -32.12 | 2.58 | -26.5 | -27.32 | 0.17 | 0.0 | -32.0 | 20.64 | -25.14 | 10.55 | 140.80 | 3.55 | -9.48 | 79.49 | 2.34 | 1.88 | 20.51 | -8.14 | -6.67 | 11.58 | -7.73 | 29.39 |
| 23Q2 (15) | 2.65 | 28.02 | 46.41 | 28.81 | 54.06 | 53.24 | 20.05 | 53.29 | 127.32 | 25.75 | 89.76 | 106.66 | 20.44 | 103.99 | 104.6 | 8.69 | 24.5 | 34.1 | 3.51 | 27.17 | 30.97 | 0.17 | -37.04 | -37.04 | 27.57 | 88.58 | 100.07 | 135.97 | -15.65 | -11.89 | 77.67 | -19.52 | 8.74 | 22.33 | 540.13 | -21.84 | 12.55 | 56.48 | 21.37 |
| 23Q1 (14) | 2.07 | 1.47 | 7.25 | 18.70 | -6.22 | -18.16 | 13.08 | -4.8 | -2.82 | 13.57 | -3.9 | -13.4 | 10.02 | -10.05 | -21.53 | 6.98 | 0.14 | -6.68 | 2.76 | -0.72 | -12.93 | 0.27 | 8.0 | 8.0 | 14.62 | -4.82 | -15.3 | 161.20 | 10.57 | 25.28 | 96.51 | -0.98 | 11.75 | 3.49 | 37.79 | -74.42 | 8.02 | -23.47 | -30.44 |
| 22Q4 (13) | 2.04 | -16.05 | -16.05 | 19.94 | -2.35 | 9.8 | 13.74 | 1.1 | 39.21 | 14.12 | -18.76 | 36.16 | 11.14 | -21.88 | 30.14 | 6.97 | -23.07 | -34.06 | 2.78 | -21.69 | -38.5 | 0.25 | 0.0 | -51.92 | 15.36 | -17.73 | 30.06 | 145.79 | -6.27 | 0.54 | 97.47 | 24.92 | 2.67 | 2.53 | -88.48 | -50.0 | 10.48 | 17.09 | -7.91 |
| 22Q3 (12) | 2.43 | 34.25 | 0 | 20.42 | 8.62 | 0 | 13.59 | 54.08 | 0 | 17.38 | 39.49 | 0 | 14.26 | 42.74 | 0 | 9.06 | 39.81 | 0 | 3.55 | 32.46 | 0 | 0.25 | -7.41 | 0 | 18.67 | 35.49 | 0 | 155.54 | 0.8 | 0 | 78.02 | 9.23 | 0 | 21.98 | -23.08 | 0 | 8.95 | -13.44 | 0 |
| 22Q2 (11) | 1.81 | -6.22 | 0 | 18.80 | -17.72 | 0 | 8.82 | -34.47 | 0 | 12.46 | -20.49 | 0 | 9.99 | -21.77 | 0 | 6.48 | -13.37 | 0 | 2.68 | -15.46 | 0 | 0.27 | 8.0 | 0 | 13.78 | -20.16 | 0 | 154.31 | 19.93 | 0 | 71.43 | -17.29 | 0 | 28.57 | 109.52 | 0 | 10.34 | -10.32 | 0 |
| 22Q1 (10) | 1.93 | -20.58 | 0 | 22.85 | 25.83 | 0 | 13.46 | 36.37 | 0 | 15.67 | 51.11 | 0 | 12.77 | 49.18 | 0 | 7.48 | -29.23 | 0 | 3.17 | -29.87 | 0 | 0.25 | -51.92 | 0 | 17.26 | 46.15 | 0 | 128.67 | -11.27 | 0 | 86.36 | -9.03 | 0 | 13.64 | 169.32 | 0 | 11.53 | 1.32 | 0 |
| 21Q4 (9) | 2.43 | 0 | 0 | 18.16 | 0 | 0 | 9.87 | 0 | 0 | 10.37 | 0 | 0 | 8.56 | 0 | 0 | 10.57 | 0 | 0 | 4.52 | 0 | 0 | 0.52 | 0 | 0 | 11.81 | 0 | 0 | 145.01 | 0 | 0 | 94.94 | 0 | 0 | 5.06 | 0 | 0 | 11.38 | 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) | 9.75 | 23.42 | 24.76 | 21.43 | 17.05 | 37.5 | 1.00 | -7.93 | 18.81 | 26.41 | 14.60 | 21.67 | 25.63 | -15.8 | 12.12 | -2.34 | 0.83 | -19.42 | 20.10 | 23.54 | 89.61 | -38.53 | 90.59 | 8.7 | 9.41 | -43.51 | 0.11 | -69.03 | 9.90 | -3.6 |
| 2022 (9) | 7.90 | 45.76 | 20.39 | 6.42 | 12.40 | 11.71 | 1.09 | 14.82 | 14.88 | 26.96 | 12.00 | 21.58 | 30.44 | 29.26 | 12.41 | 23.48 | 1.03 | 1.98 | 16.27 | 25.44 | 145.79 | 0.54 | 83.33 | -12.09 | 16.67 | 220.37 | 0.35 | -59.26 | 10.27 | -9.83 |
| 2021 (8) | 5.42 | 25.17 | 19.16 | -8.85 | 11.10 | -16.48 | 0.95 | -3.75 | 11.72 | -16.7 | 9.87 | -5.19 | 23.55 | 9.64 | 10.05 | 11.3 | 1.01 | 17.44 | 12.97 | -14.5 | 145.01 | 16.98 | 94.80 | 0.56 | 5.20 | -9.25 | 0.86 | 0 | 11.39 | -11.02 |
| 2020 (7) | 4.33 | 54.64 | 21.02 | 20.46 | 13.29 | 86.13 | 0.99 | 4.57 | 14.07 | 92.21 | 10.41 | 64.2 | 21.48 | 48.34 | 9.03 | 62.7 | 0.86 | 0.0 | 15.17 | 80.6 | 123.96 | -20.19 | 94.27 | -3.25 | 5.73 | 123.57 | 0.00 | 0 | 12.80 | -10.18 |
| 2019 (6) | 2.80 | -9.97 | 17.45 | 7.25 | 7.14 | 19.6 | 0.94 | 16.15 | 7.32 | 24.28 | 6.34 | 49.18 | 14.48 | 13.66 | 5.55 | 12.12 | 0.86 | -24.56 | 8.40 | 22.99 | 155.31 | -12.75 | 97.44 | -3.9 | 2.56 | 0 | 0.00 | 0 | 14.25 | 38.35 |
| 2018 (5) | 3.11 | 43.98 | 16.27 | -11.82 | 5.97 | 2.23 | 0.81 | -26.39 | 5.89 | 17.33 | 4.25 | 17.08 | 12.74 | 39.54 | 4.95 | 38.27 | 1.14 | 17.53 | 6.83 | 9.81 | 178.00 | 20.97 | 101.39 | -12.6 | -1.39 | 0 | 0.00 | 0 | 10.30 | -13.52 |
| 2017 (4) | 2.16 | -2.26 | 18.45 | 16.18 | 5.84 | 12.74 | 1.10 | -19.63 | 5.02 | -1.95 | 3.63 | -5.22 | 9.13 | -1.4 | 3.58 | 0.28 | 0.97 | 5.43 | 6.22 | -5.04 | 147.14 | -13.26 | 116.00 | 13.63 | -16.00 | 0 | 0.00 | 0 | 11.91 | -17.12 |
| 2016 (3) | 2.21 | 0 | 15.88 | 0 | 5.18 | 0 | 1.37 | 0 | 5.12 | 0 | 3.83 | 0 | 9.26 | 0 | 3.57 | 0 | 0.92 | 0 | 6.55 | 0 | 169.64 | 9.39 | 102.08 | 0 | -2.08 | 0 | 0.00 | 0 | 14.37 | 0 |
| 2015 (2) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 155.08 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 |
