- 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) | 0.05 | -90.38 | -54.55 | 99.08 | -0.47 | 0.27 | -0.29 | -101.08 | -103.38 | 4.16 | -84.11 | -54.39 | 3.07 | -85.95 | -55.51 | 0.27 | -90.49 | -71.28 | 0.26 | -89.56 | -67.5 | 0.08 | -27.27 | -33.33 | 28.57 | -30.06 | 2.36 | 16.47 | 1.29 | 4.57 | 0.00 | -100.0 | -100.0 | 100.00 | 2000.0 | 0 | 59.75 | 30.89 | -0.17 |
| 24Q3 (19) | 0.52 | 446.67 | -17.46 | 99.55 | -0.01 | 0.37 | 26.91 | 383.56 | -10.89 | 26.18 | 442.22 | -20.69 | 21.85 | 338.8 | -23.44 | 2.84 | 389.8 | -49.19 | 2.49 | 415.19 | -42.49 | 0.11 | 22.22 | -26.67 | 40.85 | 162.53 | -7.31 | 16.26 | 9.2 | -16.83 | 100.00 | -25.0 | 11.11 | -5.26 | 84.21 | -152.63 | 45.65 | -33.63 | -0.48 |
| 24Q2 (18) | -0.15 | -126.79 | -225.0 | 99.56 | -0.08 | 0.99 | -9.49 | -135.31 | -215.03 | -7.65 | -126.19 | -171.3 | -9.15 | -136.66 | -214.66 | -0.98 | -120.16 | -200.0 | -0.79 | -119.46 | -198.75 | 0.09 | -43.75 | -10.0 | 15.56 | -61.1 | -43.42 | 14.89 | -37.54 | -62.16 | 133.33 | 41.67 | 77.78 | -33.33 | -666.67 | -233.33 | 68.78 | 46.12 | 16.81 |
| 24Q1 (17) | 0.56 | 409.09 | 64.71 | 99.64 | 0.84 | -0.34 | 26.88 | 213.29 | 19.89 | 29.21 | 220.29 | 26.23 | 24.96 | 261.74 | 26.57 | 4.86 | 417.02 | 90.59 | 4.06 | 407.5 | 82.06 | 0.16 | 33.33 | 45.45 | 40.00 | 43.32 | 2.22 | 23.84 | 51.37 | 126.19 | 94.12 | -5.88 | 3.53 | 5.88 | 0 | 0 | 47.07 | -21.35 | -10.07 |
| 23Q4 (16) | 0.11 | -82.54 | -80.36 | 98.81 | -0.37 | 0.29 | 8.58 | -71.59 | -72.76 | 9.12 | -72.37 | -70.08 | 6.90 | -75.82 | -71.64 | 0.94 | -83.18 | -78.59 | 0.80 | -81.52 | -78.32 | 0.12 | -20.0 | -20.0 | 27.91 | -36.67 | -34.51 | 15.75 | -19.44 | -16.8 | 100.00 | 11.11 | 0.0 | 0.00 | -100.0 | 100.0 | 59.85 | 30.48 | 29.24 |
| 23Q3 (15) | 0.63 | 425.0 | -42.73 | 99.18 | 0.61 | -0.57 | 30.20 | 266.06 | -33.26 | 33.01 | 207.64 | -28.07 | 28.54 | 257.64 | -33.6 | 5.59 | 470.41 | -39.96 | 4.33 | 441.25 | -45.4 | 0.15 | 50.0 | -16.67 | 44.07 | 60.25 | -21.13 | 19.55 | -50.32 | 4.55 | 90.00 | 20.0 | -10.0 | 10.00 | -60.0 | 0 | 45.87 | -22.1 | 19.27 |
| 23Q2 (14) | 0.12 | -64.71 | -88.79 | 98.58 | -1.4 | -0.79 | 8.25 | -63.2 | -71.2 | 10.73 | -53.63 | -65.8 | 7.98 | -59.53 | -72.21 | 0.98 | -61.57 | -89.67 | 0.80 | -64.13 | -89.89 | 0.10 | -9.09 | -62.96 | 27.50 | -29.72 | -38.89 | 39.35 | 273.34 | 61.4 | 75.00 | -17.5 | -19.83 | 25.00 | 0 | 158.33 | 58.88 | 12.5 | 28.81 |
| 23Q1 (13) | 0.34 | -39.29 | 0 | 99.98 | 1.48 | 0 | 22.42 | -28.83 | 0 | 23.14 | -24.08 | 0 | 19.72 | -18.95 | 0 | 2.55 | -41.91 | 0 | 2.23 | -39.57 | 0 | 0.11 | -26.67 | 0 | 39.13 | -8.19 | 0 | 10.54 | -44.32 | 0 | 90.91 | -9.09 | 0 | 0.00 | 100.0 | 0 | 52.34 | 13.02 | 0 |
| 22Q4 (12) | 0.56 | -49.09 | 0 | 98.52 | -1.23 | 0 | 31.50 | -30.39 | 0 | 30.48 | -33.58 | 0 | 24.33 | -43.39 | 0 | 4.39 | -52.85 | 0 | 3.69 | -53.47 | 0 | 0.15 | -16.67 | 0 | 42.62 | -23.73 | 0 | 18.93 | 1.23 | 0 | 100.00 | 0.0 | 0 | -5.26 | 0 | 0 | 46.31 | 20.41 | 0 |
| 22Q3 (11) | 1.10 | 2.8 | 0 | 99.75 | 0.39 | 0 | 45.25 | 57.94 | 0 | 45.89 | 46.29 | 0 | 42.98 | 49.65 | 0 | 9.31 | -1.9 | 0 | 7.93 | 0.25 | 0 | 0.18 | -33.33 | 0 | 55.88 | 24.18 | 0 | 18.70 | -23.3 | 0 | 100.00 | 6.9 | 0 | 0.00 | -100.0 | 0 | 38.46 | -15.86 | 0 |
| 22Q2 (10) | 1.07 | 0 | 0 | 99.36 | 0 | 0 | 28.65 | 0 | 0 | 31.37 | 0 | 0 | 28.72 | 0 | 0 | 9.49 | 0 | 0 | 7.91 | 0 | 0 | 0.27 | 0 | 0 | 45.00 | 0 | 0 | 24.38 | 0 | 0 | 93.55 | 0 | 0 | 9.68 | 0 | 0 | 45.71 | 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) | 0.98 | -17.65 | 99.47 | 0.31 | 13.66 | -26.99 | 8.00 | 24.67 | 15.40 | -24.58 | 12.36 | -27.68 | 6.42 | -33.68 | 5.63 | -31.76 | 0.45 | -6.25 | 33.33 | -8.33 | 16.47 | 4.57 | 88.57 | -3.84 | 11.43 | 44.76 | 6.68 | -19.21 | 53.74 | 0.64 |
| 2023 (9) | 1.19 | -56.25 | 99.16 | -0.09 | 18.71 | -45.56 | 6.42 | 13.04 | 20.42 | -42.43 | 17.09 | -46.26 | 9.68 | -56.96 | 8.25 | -56.9 | 0.48 | -20.0 | 36.36 | -23.61 | 15.75 | -16.8 | 92.11 | -5.56 | 7.89 | 113.16 | 8.26 | 6.92 | 53.40 | 22.17 |
| 2022 (8) | 2.72 | 88.89 | 99.25 | 0.04 | 34.37 | 33.37 | 5.68 | -26.64 | 35.47 | 38.07 | 31.80 | 38.62 | 22.49 | 64.04 | 19.14 | 59.1 | 0.60 | 15.38 | 47.60 | 24.93 | 18.93 | 17.14 | 97.53 | -2.47 | 3.70 | 0 | 7.73 | 0 | 43.71 | -13.85 |
| 2021 (7) | 1.44 | 144.07 | 99.21 | -0.13 | 25.77 | 95.08 | 7.74 | -17.46 | 25.69 | 65.0 | 22.94 | 86.81 | 13.71 | 121.13 | 12.03 | 119.93 | 0.52 | 18.18 | 38.10 | 31.79 | 16.16 | 30.43 | 100.00 | 17.65 | 0.00 | 0 | 0.00 | 0 | 50.74 | -8.61 |
| 2020 (6) | 0.59 | -20.27 | 99.34 | 0.29 | 13.21 | -29.17 | 9.38 | 13.35 | 15.57 | -16.43 | 12.28 | -17.75 | 6.20 | -26.37 | 5.47 | -27.36 | 0.44 | -12.0 | 28.91 | -3.89 | 12.39 | -25.59 | 85.00 | -15.0 | 15.00 | 0 | 0.00 | 0 | 55.52 | 14.43 |
| 2019 (5) | 0.74 | -13.95 | 99.05 | -0.66 | 18.65 | -9.77 | 8.27 | 95.19 | 18.63 | -14.11 | 14.93 | -23.87 | 8.42 | -21.67 | 7.53 | -24.93 | 0.50 | -1.96 | 30.08 | 7.54 | 16.65 | 129.66 | 100.00 | 8.33 | 0.00 | 0 | 0.00 | 0 | 48.52 | -2.61 |
| 2018 (4) | 0.86 | 0 | 99.71 | 1.67 | 20.67 | 75.91 | 4.24 | 27.12 | 21.69 | 0 | 19.61 | 0 | 10.75 | 0 | 10.03 | 0 | 0.51 | 0.0 | 27.97 | 0 | 7.25 | 4.92 | 92.31 | 0 | 3.85 | -97.63 | 0.00 | 0 | 49.82 | -16.87 |
| 2017 (3) | -0.73 | 0 | 98.07 | 0.81 | 11.75 | 167.05 | 3.33 | 30.0 | -17.28 | 0 | -20.70 | 0 | -11.47 | 0 | -10.50 | 0 | 0.51 | -12.07 | -8.89 | 0 | 6.91 | -47.97 | -68.75 | 0 | 162.50 | 0 | 0.00 | 0 | 59.93 | -1.02 |
| 2016 (2) | 0.13 | 0 | 97.28 | 0 | 4.40 | 0 | 2.56 | 0 | 4.26 | 0 | 4.26 | 0 | 2.75 | 0 | 2.48 | 0 | 0.58 | 0 | 15.38 | 0 | 13.28 | 0 | 100.00 | 0 | 0.00 | 0 | 0.00 | 0 | 60.55 | 0 |
