- 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) | 1.82 | 1.68 | 127.5 | 43.47 | 26.88 | 26.7 | 19.46 | -15.24 | 50.15 | 22.96 | -2.92 | 122.91 | 19.94 | 9.68 | 178.1 | 4.79 | -8.76 | 55.02 | 3.58 | -3.76 | 67.29 | 0.18 | -10.0 | -37.93 | 29.52 | -0.2 | 96.02 | 32.90 | -13.38 | -38.53 | 85.42 | -11.48 | -31.12 | 14.58 | 315.63 | 160.76 | 16.28 | 116.78 | 29.41 |
| 24Q3 (19) | 1.79 | 14.01 | 79.0 | 34.26 | -7.65 | -39.91 | 22.96 | 8.66 | -46.93 | 23.65 | 11.24 | -1.09 | 18.18 | 9.39 | 26.25 | 5.25 | 7.8 | 30.27 | 3.72 | 15.89 | 34.78 | 0.20 | 5.26 | 5.26 | 29.58 | 6.1 | -5.59 | 37.98 | -21.46 | -13.27 | 96.49 | -3.51 | -46.56 | 3.51 | 0 | 104.36 | 7.51 | -29.81 | -23.45 |
| 24Q2 (18) | 1.57 | -25.24 | -27.31 | 37.10 | -25.68 | -34.52 | 21.13 | -39.49 | -49.45 | 21.26 | -38.5 | -42.85 | 16.62 | -36.71 | -42.11 | 4.87 | -36.59 | -44.22 | 3.21 | -34.76 | -45.03 | 0.19 | 0.0 | -5.0 | 27.88 | -33.79 | -37.66 | 48.36 | -21.87 | -14.1 | 100.00 | -1.67 | -10.45 | 0.00 | 100.0 | 100.0 | 10.70 | 6.89 | 8.85 |
| 24Q1 (17) | 2.10 | 162.5 | 24.26 | 49.92 | 45.5 | -5.13 | 34.92 | 169.44 | -4.75 | 34.57 | 235.63 | -4.84 | 26.26 | 266.25 | -4.37 | 7.68 | 148.54 | 10.5 | 4.92 | 129.91 | 3.58 | 0.19 | -34.48 | 11.76 | 42.11 | 179.61 | -8.87 | 61.90 | 15.66 | 32.8 | 101.69 | -17.99 | 1.69 | -1.69 | 92.94 | 0 | 10.01 | -20.43 | -9.49 |
| 23Q4 (16) | 0.80 | -20.0 | -56.76 | 34.31 | -39.82 | -30.95 | 12.96 | -70.04 | -45.82 | 10.30 | -56.92 | -70.88 | 7.17 | -50.21 | -74.1 | 3.09 | -23.33 | -62.18 | 2.14 | -22.46 | -60.95 | 0.29 | 52.63 | 52.63 | 15.06 | -51.93 | -66.86 | 53.52 | 22.22 | 4.0 | 124.00 | -31.32 | 86.0 | -24.00 | 70.21 | -176.5 | 12.58 | 28.24 | -27.78 |
| 23Q3 (15) | 1.00 | -53.7 | -37.11 | 57.01 | 0.62 | 2.52 | 43.26 | 3.49 | 10.7 | 23.91 | -35.73 | -31.25 | 14.40 | -49.84 | -48.07 | 4.03 | -53.84 | -46.76 | 2.76 | -52.74 | -41.15 | 0.19 | -5.0 | 11.76 | 31.33 | -29.94 | -31.19 | 43.79 | -22.22 | -14.97 | 180.56 | 61.69 | 61.75 | -80.56 | -590.48 | -592.78 | 9.81 | -0.2 | -28.29 |
| 23Q2 (14) | 2.16 | 27.81 | 0 | 56.66 | 7.68 | 0 | 41.80 | 14.02 | 0 | 37.20 | 2.39 | 0 | 28.71 | 4.55 | 0 | 8.73 | 25.61 | 0 | 5.84 | 22.95 | 0 | 0.20 | 17.65 | 0 | 44.72 | -3.22 | 0 | 56.30 | 20.79 | 0 | 111.67 | 11.67 | 0 | -11.67 | 0 | 0 | 9.83 | -11.12 | 0 |
| 23Q1 (13) | 1.69 | -8.65 | 0 | 52.62 | 5.9 | 0 | 36.66 | 53.26 | 0 | 36.33 | 2.71 | 0 | 27.46 | -0.79 | 0 | 6.95 | -14.93 | 0 | 4.75 | -13.32 | 0 | 0.17 | -10.53 | 0 | 46.21 | 1.67 | 0 | 46.61 | -9.42 | 0 | 100.00 | 50.0 | 0 | 0.00 | -100.0 | 0 | 11.06 | -36.51 | 0 |
| 22Q4 (12) | 1.85 | 16.35 | 0 | 49.69 | -10.65 | 0 | 23.92 | -38.79 | 0 | 35.37 | 1.7 | 0 | 27.68 | -0.18 | 0 | 8.17 | 7.93 | 0 | 5.48 | 16.84 | 0 | 0.19 | 11.76 | 0 | 45.45 | -0.18 | 0 | 51.46 | -0.08 | 0 | 66.67 | -40.28 | 0 | 31.37 | 369.8 | 0 | 17.42 | 27.34 | 0 |
| 22Q3 (11) | 1.59 | 0 | 0 | 55.61 | 0 | 0 | 39.08 | 0 | 0 | 34.78 | 0 | 0 | 27.73 | 0 | 0 | 7.57 | 0 | 0 | 4.69 | 0 | 0 | 0.17 | 0 | 0 | 45.53 | 0 | 0 | 51.50 | 0 | 0 | 111.63 | 0 | 0 | -11.63 | 0 | 0 | 13.68 | 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) | 7.17 | 26.68 | 40.54 | -15.77 | 24.08 | -22.4 | 6.39 | -0.9 | 25.14 | 1.78 | 19.91 | 11.92 | 22.66 | -0.48 | 16.29 | 7.17 | 0.81 | -3.57 | 31.85 | 0.57 | 32.90 | -38.53 | 96.15 | -23.8 | 4.33 | 0 | 0.00 | 0 | 11.05 | 0.18 |
| 2023 (9) | 5.66 | 8.85 | 48.13 | -2.08 | 31.03 | 3.3 | 6.45 | -40.72 | 24.70 | -16.69 | 17.79 | -22.31 | 22.77 | -4.45 | 15.20 | 2.15 | 0.84 | 33.33 | 31.67 | -23.26 | 53.52 | 4.0 | 126.19 | 25.33 | -25.60 | 0 | 0.00 | 0 | 11.03 | -20.42 |
| 2022 (8) | 5.20 | 45.25 | 49.15 | 30.75 | 30.04 | 34.71 | 10.88 | 17.38 | 29.65 | 82.57 | 22.90 | 80.17 | 23.83 | 30.86 | 14.88 | 42.8 | 0.63 | -20.25 | 41.27 | 57.76 | 51.46 | -34.57 | 100.69 | -26.91 | -1.38 | 0 | 0.00 | 0 | 13.86 | 32.5 |
| 2021 (7) | 3.58 | -20.09 | 37.59 | -6.52 | 22.30 | -5.67 | 9.27 | -4.49 | 16.24 | -27.98 | 12.71 | -27.78 | 18.21 | -26.63 | 10.42 | -28.29 | 0.79 | -1.25 | 26.16 | -20.2 | 78.65 | -6.87 | 137.76 | 31.35 | -37.76 | 0 | 0.00 | 0 | 10.46 | -7.27 |
| 2020 (6) | 4.48 | -3.66 | 40.21 | -10.78 | 23.64 | -5.74 | 9.71 | 0.04 | 22.55 | -10.41 | 17.60 | -10.89 | 24.82 | -15.61 | 14.53 | -14.83 | 0.80 | -3.61 | 32.78 | -8.54 | 84.45 | 28.44 | 104.88 | 4.88 | -4.88 | 0 | 0.00 | 0 | 11.28 | -10.83 |
| 2019 (5) | 4.65 | 15.96 | 45.07 | 2.97 | 25.08 | 6.14 | 9.70 | 23.0 | 25.17 | 5.89 | 19.75 | 8.82 | 29.41 | 8.28 | 17.06 | 8.18 | 0.83 | 0.0 | 35.84 | 9.57 | 65.75 | -29.8 | 100.00 | 0.0 | 0.00 | 0 | 0.00 | 0 | 12.65 | -6.92 |
| 2018 (4) | 4.01 | 94.66 | 43.77 | 40.6 | 23.63 | 91.18 | 7.89 | 15.07 | 23.77 | 95.96 | 18.15 | 90.65 | 27.16 | 65.41 | 15.77 | 49.48 | 0.83 | -16.16 | 32.71 | 60.9 | 93.66 | 42.82 | 100.00 | -1.92 | 0.98 | 0 | 0.00 | 0 | 13.59 | 22.54 |
| 2017 (3) | 2.06 | -34.6 | 31.13 | -18.14 | 12.36 | -29.41 | 6.86 | -28.78 | 12.13 | -26.57 | 9.52 | -30.46 | 16.42 | -32.84 | 10.55 | -13.31 | 0.99 | 26.92 | 20.33 | -28.26 | 65.58 | -23.5 | 101.96 | -2.75 | -1.96 | 0 | 0.00 | 0 | 11.09 | -5.94 |
| 2016 (2) | 3.15 | 0 | 38.03 | 0 | 17.51 | 0 | 9.63 | 0 | 16.52 | 0 | 13.69 | 0 | 24.45 | 0 | 12.17 | 0 | 0.78 | 0 | 28.34 | 0 | 85.73 | 0 | 104.84 | 0 | -6.45 | 0 | 0.00 | 0 | 11.79 | 0 |
