- 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) | 0.66 | -14.29 | 144.44 | 27.04 | 11.32 | 38.95 | 12.20 | 19.14 | 241.74 | 11.19 | -9.54 | 54.56 | 8.90 | -11.44 | 72.15 | 2.19 | -14.45 | 130.53 | 1.29 | -16.23 | 92.54 | 0.13 | -7.14 | 30.0 | 18.81 | -2.03 | 10.65 | 92.75 | 2.5 | 20.14 | 109.09 | 32.62 | 127.27 | -9.09 | -151.24 | -117.48 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.77 | 6.94 | 313.89 | 24.29 | -3.03 | 128.5 | 10.24 | -5.71 | 173.62 | 12.37 | -16.02 | 204.12 | 10.05 | -13.44 | 233.82 | 2.56 | 5.79 | 300.0 | 1.54 | 1.99 | 396.15 | 0.14 | 16.67 | 55.56 | 19.20 | -17.06 | 5547.06 | 90.49 | 25.23 | 25.23 | 82.26 | 12.17 | -29.78 | 17.74 | -33.47 | 203.49 | 22.51 | -3.97 | -25.46 |
| 24Q1 (18) | 0.72 | 188.0 | 1300.0 | 25.05 | 0.24 | 75.79 | 10.86 | 6.05 | 1231.25 | 14.73 | 212.08 | 1082.0 | 11.61 | 190.98 | 1067.5 | 2.42 | 191.57 | 1200.0 | 1.51 | 151.67 | 2416.67 | 0.12 | 0.0 | 50.0 | 23.15 | 73.41 | 107.62 | 72.26 | -11.58 | -34.93 | 73.33 | -66.02 | -2.22 | 26.67 | 123.03 | -46.67 | 23.44 | 3.95 | -14.76 |
| 23Q4 (17) | 0.25 | -7.41 | 152.08 | 24.99 | 28.42 | 49.02 | 10.24 | 186.83 | 900.0 | 4.72 | -34.81 | 165.46 | 3.99 | -22.82 | 157.41 | 0.83 | -12.63 | 147.43 | 0.60 | -10.45 | 196.77 | 0.12 | 20.0 | 9.09 | 13.35 | -21.47 | 488.11 | 81.72 | 5.85 | -33.88 | 215.79 | 349.56 | 1151.58 | -115.79 | -322.67 | -239.91 | 22.55 | -12.09 | 15.23 |
| 23Q3 (16) | 0.27 | 175.0 | -74.53 | 19.46 | 83.07 | 1.25 | 3.57 | 125.66 | -40.2 | 7.24 | 160.94 | -52.56 | 5.17 | 168.84 | -55.2 | 0.95 | 174.22 | -75.95 | 0.67 | 228.85 | -63.78 | 0.10 | 11.11 | -33.33 | 17.00 | 4900.0 | -23.7 | 77.20 | 6.84 | -39.0 | 48.00 | -59.02 | 21.5 | 52.00 | 403.33 | -15.76 | 25.65 | -15.07 | 30.67 |
| 23Q2 (15) | -0.36 | -500.0 | -145.0 | 10.63 | -25.4 | -42.79 | -13.91 | -1348.96 | -361.96 | -11.88 | -692.0 | -211.76 | -7.51 | -525.83 | -188.67 | -1.28 | -481.82 | -141.83 | -0.52 | -966.67 | -136.11 | 0.09 | 12.5 | -43.75 | 0.34 | -96.95 | -98.08 | 72.26 | -34.93 | -46.19 | 117.14 | 56.19 | 138.33 | -17.14 | -134.29 | -134.88 | 30.20 | 9.82 | 64.31 |
| 23Q1 (14) | -0.06 | 87.5 | -107.06 | 14.25 | -15.03 | -18.8 | -0.96 | 25.0 | -117.2 | -1.50 | 79.2 | -112.7 | -1.20 | 82.73 | -112.4 | -0.22 | 87.43 | -106.27 | 0.06 | 109.68 | -95.97 | 0.08 | -27.27 | -42.86 | 11.15 | 391.19 | -44.77 | 111.05 | -10.15 | -14.77 | 75.00 | 335.0 | 57.76 | 50.00 | -39.58 | -4.69 | 27.50 | 40.52 | 37.98 |
| 22Q4 (13) | -0.48 | -145.28 | -197.96 | 16.77 | -12.75 | -4.34 | -1.28 | -121.44 | -118.69 | -7.21 | -147.25 | -228.75 | -6.95 | -160.23 | -255.83 | -1.75 | -144.3 | -186.63 | -0.62 | -133.51 | -174.7 | 0.11 | -26.67 | -31.25 | 2.27 | -89.81 | -82.57 | 123.60 | -2.33 | -34.0 | 17.24 | -56.36 | -85.85 | 82.76 | 34.07 | 478.33 | 19.57 | -0.31 | 25.85 |
| 22Q3 (12) | 1.06 | 32.5 | 19.1 | 19.22 | 3.44 | -3.03 | 5.97 | 12.43 | -38.52 | 15.26 | 43.56 | 68.99 | 11.54 | 36.25 | 47.19 | 3.95 | 29.08 | 2.07 | 1.85 | 28.47 | 23.33 | 0.15 | -6.25 | -11.76 | 22.28 | 25.52 | 39.51 | 126.55 | -5.76 | -32.45 | 39.51 | -19.63 | -63.22 | 61.73 | 25.59 | 933.33 | 19.63 | 6.8 | 20.21 |
| 22Q2 (11) | 0.80 | -5.88 | 185.71 | 18.58 | 5.87 | 5.93 | 5.31 | -4.84 | 29.2 | 10.63 | -9.99 | 396.73 | 8.47 | -12.5 | 407.19 | 3.06 | -12.82 | 148.78 | 1.44 | -3.36 | 105.71 | 0.16 | 14.29 | -38.46 | 17.75 | -12.09 | 67.93 | 134.28 | 3.06 | -27.11 | 49.15 | 3.39 | -74.06 | 49.15 | -6.3 | 154.94 | 18.38 | -7.78 | -11.68 |
| 22Q1 (10) | 0.85 | 73.47 | 0 | 17.55 | 0.11 | 0 | 5.58 | -18.54 | 0 | 11.81 | 110.89 | 0 | 9.68 | 117.04 | 0 | 3.51 | 73.76 | 0 | 1.49 | 79.52 | 0 | 0.14 | -12.5 | 0 | 20.19 | 55.07 | 0 | 130.29 | -30.42 | 0 | 47.54 | -60.99 | 0 | 52.46 | 339.81 | 0 | 19.93 | 28.17 | 0 |
| 21Q4 (9) | 0.49 | -44.94 | 0 | 17.53 | -11.55 | 0 | 6.85 | -29.45 | 0 | 5.60 | -37.98 | 0 | 4.46 | -43.11 | 0 | 2.02 | -47.8 | 0 | 0.83 | -44.67 | 0 | 0.16 | -5.88 | 0 | 13.02 | -18.47 | 0 | 187.26 | -0.04 | 0 | 121.88 | 13.47 | 0 | -21.88 | -195.31 | 0 | 15.55 | -4.78 | 0 |
| 21Q3 (8) | 0.89 | 217.86 | 0 | 19.82 | 13.0 | 0 | 9.71 | 136.25 | 0 | 9.03 | 321.96 | 0 | 7.84 | 369.46 | 0 | 3.87 | 214.63 | 0 | 1.50 | 114.29 | 0 | 0.17 | -34.62 | 0 | 15.97 | 51.09 | 0 | 187.34 | 1.69 | 0 | 107.41 | -43.31 | 0 | -7.41 | 91.72 | 0 | 16.33 | -21.53 | 0 |
| 21Q2 (7) | 0.28 | 0 | 0 | 17.54 | 0 | 0 | 4.11 | 0 | 0 | 2.14 | 0 | 0 | 1.67 | 0 | 0 | 1.23 | 0 | 0 | 0.70 | 0 | 0 | 0.26 | 0 | 0 | 10.57 | 0 | 0 | 184.23 | 0 | 0 | 189.47 | 0 | 0 | -89.47 | 0 | 0 | 20.81 | 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) | 0.13 | -94.25 | 18.04 | -0.44 | 0.72 | -83.06 | 8.46 | 31.09 | 0.36 | -95.83 | 0.63 | -90.37 | 0.48 | -94.71 | 0.79 | -80.87 | 0.38 | -30.91 | 10.95 | -33.48 | 81.72 | -33.88 | 180.00 | 264.24 | -100.00 | 0 | 0.20 | 0.4 | 26.13 | 35.04 |
| 2022 (9) | 2.26 | 35.33 | 18.12 | -0.44 | 4.25 | -34.82 | 6.45 | 0.54 | 8.63 | 68.55 | 6.54 | 53.88 | 9.07 | 29.76 | 4.13 | 38.13 | 0.55 | -5.17 | 16.46 | 28.69 | 123.60 | -34.0 | 49.42 | -60.99 | 51.16 | 0 | 0.20 | 7.0 | 19.35 | 7.38 |
| 2021 (8) | 1.67 | 0 | 18.20 | 23.31 | 6.52 | 2734.78 | 6.42 | -10.14 | 5.12 | 0 | 4.25 | 0 | 6.99 | 0 | 2.99 | 1658.82 | 0.58 | 31.82 | 12.79 | 75.69 | 187.26 | 6.11 | 126.67 | 0 | -26.67 | 0 | 0.19 | 0 | 18.02 | -22.79 |
| 2020 (7) | -0.24 | 0 | 14.76 | -0.54 | 0.23 | -4.17 | 7.14 | 16.64 | -1.79 | 0 | -0.85 | 0 | -1.04 | 0 | 0.17 | -90.61 | 0.44 | -12.0 | 7.28 | -34.0 | 176.48 | 2.4 | -11.54 | 0 | 111.54 | 20.46 | 0.00 | 0 | 23.34 | 10.88 |
| 2019 (6) | 0.80 | -4.76 | 14.84 | -10.71 | 0.24 | -93.3 | 6.12 | 79.19 | 3.11 | -6.89 | 2.40 | 4.35 | 3.44 | -5.23 | 1.81 | -2.16 | 0.50 | -5.66 | 11.03 | 29.46 | 172.34 | -11.53 | 7.41 | -93.14 | 92.59 | 0 | 0.00 | 0 | 21.05 | 9.58 |
| 2018 (5) | 0.84 | -58.42 | 16.62 | -13.71 | 3.58 | -55.64 | 3.42 | 121.03 | 3.34 | -49.7 | 2.30 | -51.78 | 3.63 | -57.99 | 1.85 | -52.56 | 0.53 | -25.35 | 8.52 | -8.19 | 194.81 | -1.47 | 107.94 | -10.97 | -7.94 | 0 | 0.00 | 0 | 19.21 | 8.29 |
| 2017 (4) | 2.02 | -54.61 | 19.26 | -24.17 | 8.07 | -42.73 | 1.55 | 28.59 | 6.64 | -51.28 | 4.77 | -57.71 | 8.64 | -59.21 | 3.90 | -61.16 | 0.71 | -18.39 | 9.28 | -39.07 | 197.71 | 71.41 | 121.23 | 17.35 | -21.23 | 0 | 0.00 | 0 | 17.74 | -1.22 |
| 2016 (3) | 4.45 | -23.8 | 25.40 | 7.99 | 14.09 | 3.15 | 1.20 | -14.91 | 13.63 | -15.39 | 11.28 | -11.25 | 21.18 | -24.36 | 10.04 | -30.13 | 0.87 | -21.62 | 15.23 | -15.58 | 115.34 | 0.23 | 103.31 | 21.83 | -3.31 | 0 | 0.00 | 0 | 17.96 | -1.59 |
| 2015 (2) | 5.84 | 0 | 23.52 | 0 | 13.66 | 0 | 1.41 | 0 | 16.11 | 0 | 12.71 | 0 | 28.00 | 0 | 14.37 | 0 | 1.11 | 0 | 18.04 | 0 | 115.07 | 0 | 84.80 | 0 | 15.20 | 0 | 0.00 | 0 | 18.25 | 0 |
