- 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) | 0.69 | -4.17 | -45.24 | 40.37 | -8.56 | -0.49 | 22.94 | 13.62 | 8.16 | 18.60 | -39.51 | -48.55 | 14.87 | -32.38 | -51.61 | 3.37 | -7.92 | -50.73 | 2.74 | -3.86 | -49.26 | 0.18 | 38.46 | 0.0 | 22.70 | -38.65 | -43.25 | 17.82 | -37.32 | -23.65 | 123.08 | 90.77 | 105.13 | -23.08 | -165.03 | -154.66 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.72 | -42.4 | -7.69 | 44.15 | 7.03 | 5.72 | 20.19 | -4.76 | -2.18 | 30.75 | -17.09 | -1.19 | 21.99 | -25.78 | -1.12 | 3.66 | -43.26 | -15.86 | 2.85 | -44.77 | -16.18 | 0.13 | -23.53 | -13.33 | 37.00 | -11.61 | 4.2 | 28.43 | -1.25 | -5.8 | 64.52 | 14.7 | -3.23 | 35.48 | -18.89 | 6.45 | 37.92 | 15.4 | 4.32 |
| 24Q1 (18) | 1.25 | 127.27 | -3.85 | 41.25 | 0.32 | -10.5 | 21.20 | -16.73 | -30.7 | 37.09 | 160.1 | 18.23 | 29.63 | 118.03 | 17.95 | 6.45 | 126.32 | -12.84 | 5.16 | 121.46 | -10.88 | 0.17 | 0.0 | -26.09 | 41.86 | 114.56 | 22.47 | 28.79 | 36.45 | 11.37 | 56.25 | -67.34 | -41.41 | 43.75 | 156.25 | 2087.5 | 32.86 | 38.07 | 20.94 |
| 23Q4 (17) | 0.55 | -56.35 | -26.67 | 41.12 | 1.36 | 16.98 | 25.46 | 20.04 | 37.03 | 14.26 | -60.55 | -12.57 | 13.59 | -55.78 | 1.04 | 2.85 | -58.33 | -38.97 | 2.33 | -56.85 | -33.24 | 0.17 | -5.56 | -34.62 | 19.51 | -51.23 | 4.95 | 21.10 | -9.6 | -30.13 | 172.22 | 187.04 | 48.47 | -77.78 | -284.21 | -386.11 | 23.80 | -28.1 | -8.71 |
| 23Q3 (16) | 1.26 | 61.54 | 5.0 | 40.57 | -2.85 | -0.47 | 21.21 | 2.76 | -12.5 | 36.15 | 16.16 | 17.52 | 30.73 | 38.17 | 25.53 | 6.84 | 57.24 | -25.73 | 5.40 | 58.82 | -16.92 | 0.18 | 20.0 | -33.33 | 40.00 | 12.64 | 16.58 | 23.34 | -22.66 | -41.11 | 60.00 | -10.0 | -23.64 | 42.22 | 26.67 | 97.04 | 33.10 | -8.94 | 4.12 |
| 23Q2 (15) | 0.78 | -40.0 | -23.53 | 41.76 | -9.39 | 9.06 | 20.64 | -32.53 | -20.71 | 31.12 | -0.8 | 19.65 | 22.24 | -11.46 | 11.37 | 4.35 | -41.22 | -48.21 | 3.40 | -41.28 | -43.52 | 0.15 | -34.78 | -50.0 | 35.51 | 3.89 | 20.91 | 30.18 | 16.75 | -31.63 | 66.67 | -30.56 | -33.33 | 33.33 | 1566.67 | 0 | 36.35 | 33.79 | 26.43 |
| 23Q1 (14) | 1.30 | 73.33 | 52.94 | 46.09 | 31.12 | 33.87 | 30.59 | 64.64 | 54.11 | 31.37 | 92.34 | 33.83 | 25.12 | 86.77 | 22.54 | 7.40 | 58.46 | 0.27 | 5.79 | 65.9 | 8.43 | 0.23 | -11.54 | -11.54 | 34.18 | 83.86 | 23.89 | 25.85 | -14.4 | -26.37 | 96.00 | -17.24 | 12.7 | 2.00 | 112.5 | -86.5 | 27.17 | 4.22 | -21.52 |
| 22Q4 (13) | 0.75 | -37.5 | -45.26 | 35.15 | -13.76 | -7.57 | 18.58 | -23.35 | -26.91 | 16.31 | -46.98 | -47.15 | 13.45 | -45.06 | -50.59 | 4.67 | -49.29 | -64.67 | 3.49 | -46.31 | -61.44 | 0.26 | -3.7 | -21.21 | 18.59 | -45.82 | -45.39 | 30.20 | -23.8 | -28.39 | 116.00 | 47.64 | 38.56 | -16.00 | -174.67 | -186.0 | 26.07 | -17.99 | -15.49 |
| 22Q3 (12) | 1.20 | 17.65 | 41.18 | 40.76 | 6.45 | 19.78 | 24.24 | -6.88 | 12.38 | 30.76 | 18.26 | 40.2 | 24.48 | 22.58 | 15.31 | 9.21 | 9.64 | 0.55 | 6.50 | 7.97 | 7.97 | 0.27 | -10.0 | -3.57 | 34.31 | 16.82 | 26.93 | 39.63 | -10.22 | -22.69 | 78.57 | -21.43 | -21.43 | 21.43 | 0 | 0 | 31.79 | 10.57 | -1.64 |
| 22Q2 (11) | 1.02 | 20.0 | 121.74 | 38.29 | 11.21 | 34.21 | 26.03 | 31.13 | 86.86 | 26.01 | 10.96 | 105.29 | 19.97 | -2.59 | 64.63 | 8.40 | 13.82 | 57.89 | 6.02 | 12.73 | 72.0 | 0.30 | 15.38 | 3.45 | 29.37 | 6.45 | 54.17 | 44.14 | 25.72 | -20.11 | 100.00 | 17.39 | -13.33 | 0.00 | -100.0 | 100.0 | 28.75 | -16.96 | -19.96 |
| 22Q1 (10) | 0.85 | -37.96 | 273.47 | 34.43 | -9.47 | 962.65 | 19.85 | -21.91 | 220.16 | 23.44 | -24.04 | 236.2 | 20.50 | -24.69 | 220.66 | 7.38 | -44.18 | 228.57 | 5.34 | -40.99 | 244.32 | 0.26 | -21.21 | 18.18 | 27.59 | -18.95 | 419.33 | 35.11 | -16.74 | -30.57 | 85.19 | 1.75 | -8.26 | 14.81 | -20.37 | 107.41 | 34.62 | 12.22 | -26.15 |
| 21Q4 (9) | 1.37 | 61.18 | 0 | 38.03 | 11.75 | 0 | 25.42 | 17.85 | 0 | 30.86 | 40.66 | 0 | 27.22 | 28.21 | 0 | 13.22 | 44.32 | 0 | 9.05 | 50.33 | 0 | 0.33 | 17.86 | 0 | 34.04 | 25.93 | 0 | 42.17 | -17.73 | 0 | 83.72 | -16.28 | 0 | 18.60 | 0 | 0 | 30.85 | -4.55 | 0 |
| 21Q3 (8) | 0.85 | 84.78 | 0 | 34.03 | 19.28 | 0 | 21.57 | 54.85 | 0 | 21.94 | 73.16 | 0 | 21.23 | 75.02 | 0 | 9.16 | 72.18 | 0 | 6.02 | 72.0 | 0 | 0.28 | -3.45 | 0 | 27.03 | 41.89 | 0 | 51.26 | -7.22 | 0 | 100.00 | -13.33 | 0 | 0.00 | 100.0 | 0 | 32.32 | -10.02 | 0 |
| 21Q2 (7) | 0.46 | 193.88 | 0 | 28.53 | 780.56 | 0 | 13.93 | 184.32 | 0 | 12.67 | 173.62 | 0 | 12.13 | 171.39 | 0 | 5.32 | 192.68 | 0 | 3.50 | 194.59 | 0 | 0.29 | 31.82 | 0 | 19.05 | 320.49 | 0 | 55.25 | 9.25 | 0 | 115.38 | 24.26 | 0 | -7.69 | -207.69 | 0 | 35.92 | -23.38 | 0 |
| 21Q1 (6) | -0.49 | 0 | 0 | 3.24 | 0 | 0 | -16.52 | 0 | 0 | -17.21 | 0 | 0 | -16.99 | 0 | 0 | -5.74 | 0 | 0 | -3.70 | 0 | 0 | 0.22 | 0 | 0 | -8.64 | 0 | 0 | 50.57 | 0 | 0 | 92.86 | 0 | 0 | 7.14 | 0 | 0 | 46.88 | 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) | 3.88 | 2.11 | 42.65 | 14.62 | 25.00 | 12.71 | 3.89 | 26.12 | 28.37 | 18.65 | 23.11 | 19.37 | 21.33 | -17.58 | 17.03 | -11.44 | 0.74 | -25.25 | 32.30 | 19.45 | 21.10 | -30.13 | 87.67 | -5.14 | 11.64 | 53.7 | 0.00 | 0 | 29.72 | -0.87 |
| 2022 (9) | 3.80 | 74.31 | 37.21 | 31.53 | 22.18 | 59.34 | 3.09 | -41.25 | 23.91 | 56.07 | 19.36 | 39.38 | 25.88 | 18.23 | 19.23 | 29.67 | 0.99 | -6.6 | 27.04 | 30.13 | 30.20 | -28.39 | 92.42 | 1.52 | 7.58 | -15.4 | 0.15 | 0 | 29.98 | -15.33 |
| 2021 (8) | 2.18 | 67.69 | 28.29 | 14.4 | 13.92 | 87.35 | 5.25 | -19.06 | 15.32 | 70.41 | 13.89 | 70.22 | 21.89 | 36.64 | 14.83 | 52.73 | 1.06 | -9.4 | 20.78 | 32.69 | 42.17 | -25.55 | 91.04 | 10.36 | 8.96 | -48.83 | 0.00 | 0 | 35.41 | 8.39 |
| 2020 (7) | 1.30 | 490.91 | 24.73 | 12.61 | 7.43 | 917.81 | 6.49 | -8.5 | 8.99 | 128.75 | 8.16 | 447.65 | 16.02 | 418.45 | 9.71 | 464.53 | 1.17 | 17.0 | 15.66 | 36.29 | 56.64 | -29.99 | 82.50 | 340.0 | 17.50 | -78.46 | 0.00 | 0 | 32.67 | -8.23 |
| 2019 (6) | 0.22 | -79.82 | 21.96 | 37.42 | 0.73 | 284.21 | 7.09 | -0.52 | 3.93 | -35.78 | 1.49 | -75.0 | 3.09 | -81.17 | 1.72 | -74.71 | 1.00 | -6.54 | 11.49 | -18.22 | 80.90 | -40.37 | 18.75 | 443.75 | 81.25 | -15.85 | 0.00 | 0 | 35.60 | 18.39 |
| 2018 (5) | 1.09 | 336.0 | 15.98 | -18.26 | 0.19 | -93.65 | 7.13 | 15.72 | 6.12 | 125.0 | 5.96 | 400.84 | 16.41 | 287.94 | 6.80 | 202.22 | 1.07 | -10.83 | 14.05 | 41.06 | 135.68 | -26.61 | 3.45 | -96.96 | 96.55 | 0 | 0.00 | 0 | 30.07 | 2.7 |
| 2017 (4) | 0.25 | 0 | 19.55 | 0 | 2.99 | 0 | 6.16 | -39.08 | 2.72 | 0 | 1.19 | 0 | 4.23 | 0 | 2.25 | 0 | 1.20 | 30.43 | 9.96 | 0 | 184.87 | -10.0 | 113.33 | 11.23 | -6.67 | 0 | 0.00 | 0 | 29.28 | -22.68 |
| 2016 (3) | -4.07 | 0 | -3.67 | 0 | -23.73 | 0 | 10.11 | 58.87 | -23.35 | 0 | -23.24 | 0 | -51.26 | 0 | -20.68 | 0 | 0.92 | -11.54 | -11.87 | 0 | 205.40 | 101.63 | 101.89 | 56.75 | -1.89 | 0 | 0.00 | 0 | 37.87 | 14.55 |
| 2015 (2) | -0.87 | 0 | 15.48 | -31.96 | -2.37 | 0 | 6.36 | 76.84 | -3.71 | 0 | -4.12 | 0 | -8.30 | 0 | -4.04 | 0 | 1.04 | -6.31 | 3.27 | -81.43 | 101.87 | 17.52 | 65.00 | 24.58 | 35.00 | -26.82 | 0.00 | 0 | 33.06 | 8.43 |
| 2014 (1) | 3.26 | 0 | 22.75 | 0 | 6.82 | 0 | 3.60 | 0 | 13.08 | 0 | 14.34 | 0 | 37.04 | 0 | 16.34 | 0 | 1.11 | 0 | 17.61 | 0 | 86.68 | 0 | 52.17 | 0 | 47.83 | 0 | 0.00 | 0 | 30.49 | 0 |
