- 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) | -0.89 | -170.08 | -97.78 | 66.41 | -20.5 | -15.44 | -79.83 | -321.63 | -8.42 | -85.96 | -315.44 | -65.28 | -68.42 | -311.24 | -74.27 | -3.42 | -171.25 | -75.38 | -2.41 | -172.59 | -100.83 | 0.04 | -60.0 | 33.33 | -47.41 | -190.53 | -338.58 | 36.33 | -5.64 | -30.85 | 93.10 | 3.45 | -34.15 | 6.90 | -31.03 | 116.67 | 60.62 | 194.41 | 7.16 |
| 24Q2 (19) | 1.27 | -68.87 | -35.2 | 83.53 | -3.47 | -0.16 | 36.02 | -40.13 | -24.47 | 39.90 | -37.08 | -21.6 | 32.39 | -36.25 | -21.71 | 4.80 | -70.48 | -44.44 | 3.32 | -69.23 | -40.07 | 0.10 | -52.38 | -23.08 | 52.37 | -24.46 | -13.84 | 38.50 | -34.05 | -19.25 | 90.00 | -5.1 | -3.84 | 10.00 | 93.7 | 56.0 | 20.59 | 63.41 | 32.67 |
| 24Q1 (18) | 4.08 | 623.08 | 0.74 | 86.53 | 13.36 | 2.05 | 60.16 | 256.14 | -0.43 | 63.41 | 216.97 | 5.61 | 50.81 | 196.07 | 3.59 | 16.26 | 601.85 | -13.33 | 10.79 | 616.27 | -7.46 | 0.21 | 425.0 | -12.5 | 69.33 | 444.24 | 5.78 | 58.38 | 30.31 | -18.22 | 94.84 | 34.5 | -5.75 | 5.16 | -82.49 | 927.72 | 12.60 | -79.12 | 6.33 |
| 23Q4 (17) | -0.78 | -73.33 | 30.36 | 76.33 | -2.81 | 19.77 | -38.53 | 47.67 | 82.16 | -54.21 | -4.23 | 78.15 | -52.89 | -34.72 | 73.97 | -3.24 | -66.15 | 36.22 | -2.09 | -74.17 | 35.09 | 0.04 | 33.33 | 100.0 | -20.14 | -86.31 | 88.05 | 44.80 | -14.73 | -15.55 | 70.51 | -50.13 | -19.15 | 29.49 | 171.26 | 130.69 | 60.34 | 6.66 | -59.22 |
| 23Q3 (16) | -0.45 | -122.96 | -50.0 | 78.54 | -6.12 | 7.47 | -73.63 | -254.39 | 14.16 | -52.01 | -202.2 | -34.12 | -39.26 | -194.9 | -26.16 | -1.95 | -122.57 | -50.0 | -1.20 | -121.66 | -62.16 | 0.03 | -76.92 | 0.0 | -10.81 | -117.79 | -300.93 | 52.54 | 10.19 | -0.17 | 141.38 | 51.06 | -35.57 | -41.38 | -745.52 | 66.14 | 56.57 | 264.5 | 5.03 |
| 23Q2 (15) | 1.96 | -51.6 | -50.51 | 83.66 | -1.33 | 3.3 | 47.69 | -21.07 | -14.9 | 50.89 | -15.24 | -12.95 | 41.37 | -15.66 | -13.74 | 8.64 | -53.94 | -47.09 | 5.54 | -52.49 | -44.32 | 0.13 | -45.83 | -38.1 | 60.78 | -7.26 | -5.44 | 47.68 | -33.21 | -20.24 | 93.59 | -6.99 | -2.33 | 6.41 | 1127.78 | 53.47 | 15.52 | 30.97 | 40.33 |
| 23Q1 (14) | 4.05 | 461.61 | 26.96 | 84.79 | 33.05 | 6.99 | 60.42 | 127.97 | 12.93 | 60.04 | 124.2 | 8.26 | 49.05 | 124.14 | 7.64 | 18.76 | 469.29 | 25.32 | 11.66 | 462.11 | 34.33 | 0.24 | 1100.0 | 26.32 | 65.54 | 138.89 | 7.6 | 71.39 | 34.57 | -2.15 | 100.62 | 15.37 | 4.44 | -0.62 | -104.88 | -117.05 | 11.85 | -91.99 | -7.78 |
| 22Q4 (13) | -1.12 | -273.33 | 0 | 63.73 | -12.79 | 0 | -215.99 | -151.8 | 0 | -248.10 | -539.76 | 0 | -203.15 | -552.8 | 0 | -5.08 | -290.77 | 0 | -3.22 | -335.14 | 0 | 0.02 | -33.33 | 0 | -168.52 | -3232.34 | 0 | 53.05 | 0.8 | 0 | 87.22 | -60.26 | 0 | 12.78 | 110.46 | 0 | 147.96 | 174.71 | 0 |
| 22Q3 (12) | -0.30 | -107.58 | 0 | 73.08 | -9.77 | 0 | -85.78 | -253.07 | 0 | -38.78 | -166.34 | 0 | -31.12 | -164.89 | 0 | -1.30 | -107.96 | 0 | -0.74 | -107.44 | 0 | 0.03 | -85.71 | 0 | 5.38 | -91.63 | 0 | 52.63 | -11.96 | 0 | 219.44 | 129.01 | 0 | -122.22 | -3026.14 | 0 | 53.86 | 386.98 | 0 |
| 22Q2 (11) | 3.96 | 24.14 | 0 | 80.99 | 2.2 | 0 | 56.04 | 4.75 | 0 | 58.46 | 5.41 | 0 | 47.96 | 5.24 | 0 | 16.33 | 9.08 | 0 | 9.95 | 14.63 | 0 | 0.21 | 10.53 | 0 | 64.28 | 5.53 | 0 | 59.78 | -18.06 | 0 | 95.82 | -0.54 | 0 | 4.18 | 14.17 | 0 | 11.06 | -13.93 | 0 |
| 22Q1 (10) | 3.19 | 0 | 0 | 79.25 | 0 | 0 | 53.50 | 0 | 0 | 55.46 | 0 | 0 | 45.57 | 0 | 0 | 14.97 | 0 | 0 | 8.68 | 0 | 0 | 0.19 | 0 | 0 | 60.91 | 0 | 0 | 72.96 | 0 | 0 | 96.34 | 0 | 0 | 3.66 | 0 | 0 | 12.85 | 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) | 4.76 | -0.63 | 83.18 | 5.14 | 37.35 | 4.8 | 10.76 | 12.62 | 38.22 | -3.12 | 30.58 | -5.76 | 20.11 | -17.68 | 13.93 | -9.49 | 0.44 | -4.35 | 50.30 | -0.1 | 44.80 | -15.55 | 97.75 | 8.28 | 2.25 | -76.89 | 0.16 | -34.33 | 20.84 | 5.84 |
| 2022 (9) | 4.79 | 38.84 | 79.11 | -4.97 | 35.64 | 1.05 | 9.55 | 3.57 | 39.45 | 11.72 | 32.45 | 13.38 | 24.43 | 34.23 | 15.39 | 50.29 | 0.46 | 35.29 | 50.35 | 9.17 | 53.05 | -29.98 | 90.28 | -9.47 | 9.72 | 0 | 0.25 | 0 | 19.69 | -17.16 |
| 2021 (8) | 3.45 | 189.92 | 83.25 | -0.92 | 35.27 | 70.72 | 9.22 | -31.83 | 35.31 | 94.65 | 28.62 | 100.7 | 18.20 | 168.83 | 10.24 | 145.56 | 0.34 | 36.0 | 46.12 | 30.54 | 75.76 | -19.88 | 99.72 | -12.66 | 0.00 | 0 | 0.00 | 0 | 23.77 | -14.06 |
| 2020 (7) | 1.19 | -49.79 | 84.02 | 1.33 | 20.66 | -32.64 | 13.53 | 33.89 | 18.14 | -37.06 | 14.26 | -37.07 | 6.77 | -49.7 | 4.17 | -45.63 | 0.25 | -19.35 | 35.33 | -15.58 | 94.56 | 6.45 | 114.17 | 7.09 | -14.17 | 0 | 0.00 | 0 | 27.66 | 24.26 |
| 2019 (6) | 2.37 | -50.31 | 82.92 | -0.53 | 30.67 | -26.77 | 10.11 | 85.3 | 28.82 | -30.22 | 22.66 | -30.15 | 13.46 | -45.86 | 7.67 | -39.08 | 0.31 | -13.89 | 41.85 | -15.73 | 88.83 | -5.7 | 106.61 | 5.16 | -6.61 | 0 | 0.00 | 0 | 22.26 | 24.57 |
| 2018 (5) | 4.77 | -16.32 | 83.36 | -1.03 | 41.88 | -13.4 | 5.45 | 33.12 | 41.30 | -9.31 | 32.44 | -12.75 | 24.86 | -34.08 | 12.59 | -29.78 | 0.36 | -23.4 | 49.66 | -3.05 | 94.20 | -29.19 | 101.38 | -4.52 | -1.38 | 0 | 0.00 | 0 | 17.87 | 1.36 |
| 2017 (4) | 5.70 | -33.87 | 84.23 | 0.95 | 48.36 | -1.47 | 4.10 | -4.67 | 45.54 | -2.25 | 37.18 | 0.46 | 37.71 | -18.41 | 17.93 | -35.06 | 0.47 | -35.62 | 51.22 | -2.33 | 133.03 | 48.97 | 106.18 | 0.61 | -6.18 | 0 | 0.00 | 0 | 17.63 | 3.64 |
| 2016 (3) | 8.62 | 0 | 83.44 | 0 | 49.08 | 0 | 4.30 | 0 | 46.59 | 0 | 37.01 | 0 | 46.22 | 0 | 27.61 | 0 | 0.73 | 0 | 52.44 | 0 | 89.30 | 0 | 105.54 | 0 | -5.23 | 0 | 0.00 | 0 | 17.01 | 0 |
