- 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) | -0.67 | 12.99 | -17.54 | 15.87 | 81.16 | -19.28 | -26.17 | 27.85 | 14.03 | -27.13 | 26.48 | 12.57 | -28.63 | 14.36 | -9.65 | -6.85 | 7.56 | -37.55 | -3.66 | 17.57 | -10.57 | 0.13 | -7.14 | 0.0 | -12.80 | 48.37 | 31.95 | 89.09 | 27.58 | 91.3 | 97.06 | -0.74 | -2.94 | 2.94 | 32.35 | -8.82 | 29.81 | -3.31 | 7.42 |
| 24Q2 (19) | -0.77 | 3.75 | -16.67 | 8.76 | 4.53 | -25.19 | -36.27 | 24.37 | 16.6 | -36.90 | 24.04 | 14.96 | -33.43 | 17.62 | 2.54 | -7.41 | -8.33 | -36.72 | -4.44 | -8.29 | -17.15 | 0.14 | 40.0 | 27.27 | -24.79 | 25.62 | 12.74 | 69.83 | 20.58 | 46.89 | 97.78 | -0.1 | -2.22 | 2.22 | 4.44 | 0 | 30.83 | -13.3 | 0.29 |
| 24Q1 (18) | -0.80 | 2.44 | -321.05 | 8.38 | -33.54 | -75.04 | -47.96 | -32.56 | -382.49 | -48.58 | -36.96 | -424.06 | -40.58 | -39.45 | -393.67 | -6.84 | 1.58 | -406.67 | -4.10 | 5.09 | -350.55 | 0.10 | -33.33 | -16.67 | -33.33 | -32.31 | -891.69 | 57.91 | -14.66 | 67.56 | 97.87 | -4.21 | -2.13 | 2.13 | 197.87 | 119.15 | 35.56 | 10.23 | 20.58 |
| 23Q4 (17) | -0.82 | -43.86 | 2.38 | 12.61 | -35.86 | 918.83 | -36.18 | -18.86 | 9.93 | -35.47 | -14.31 | 11.85 | -29.10 | -11.45 | 11.17 | -6.95 | -39.56 | -22.14 | -4.32 | -30.51 | -13.09 | 0.15 | 15.38 | 25.0 | -25.19 | -33.92 | 9.65 | 67.86 | 45.72 | 49.37 | 102.17 | 2.17 | 2.17 | -2.17 | -167.39 | 0 | 32.26 | 16.25 | 4.06 |
| 23Q3 (16) | -0.57 | 13.64 | -96.55 | 19.66 | 67.89 | -37.03 | -30.44 | 30.01 | -191.29 | -31.03 | 28.49 | -180.31 | -26.11 | 23.88 | -209.73 | -4.98 | 8.12 | -147.76 | -3.31 | 12.66 | -143.38 | 0.13 | 18.18 | -23.53 | -18.81 | 33.79 | -758.9 | 46.57 | -2.04 | -1.54 | 100.00 | 0.0 | 7.14 | 3.23 | 0 | -51.61 | 27.75 | -9.73 | 17.09 |
| 23Q2 (15) | -0.66 | -247.37 | -130.28 | 11.71 | -65.12 | -76.36 | -43.49 | -337.53 | -251.43 | -43.39 | -368.07 | -249.83 | -34.30 | -317.27 | -267.32 | -5.42 | -301.48 | -135.89 | -3.79 | -316.48 | -135.52 | 0.11 | -8.33 | -78.85 | -28.41 | -774.82 | -185.83 | 47.54 | 37.56 | 0.55 | 100.00 | 0.0 | 0.81 | -0.00 | 100.0 | -100.0 | 30.74 | 4.24 | 129.23 |
| 23Q1 (14) | -0.19 | 77.38 | 0 | 33.57 | 2279.87 | 0 | -9.94 | 75.26 | 0 | -9.27 | 76.96 | 0 | -8.22 | 74.91 | 0 | -1.35 | 76.27 | 0 | -0.91 | 76.18 | 0 | 0.12 | 0.0 | 0 | 4.21 | 115.1 | 0 | 34.56 | -23.93 | 0 | 100.00 | 0.0 | 0 | -11.11 | 0 | 0 | 29.49 | -4.87 | 0 |
| 22Q4 (13) | -0.84 | -189.66 | -147.73 | -1.54 | -104.93 | -103.44 | -40.17 | -284.4 | -306.32 | -40.24 | -263.5 | -303.64 | -32.76 | -288.61 | -312.73 | -5.69 | -183.08 | -151.77 | -3.82 | -180.88 | -146.3 | 0.12 | -29.41 | -77.36 | -27.88 | -1173.06 | -217.49 | 45.43 | -3.95 | 22.52 | 100.00 | 7.14 | 1.45 | -0.00 | -100.0 | -100.0 | 31.00 | 30.8 | 70.61 |
| 22Q3 (12) | -0.29 | -113.3 | 0 | 31.22 | -36.97 | 0 | -10.45 | -136.39 | 0 | -11.07 | -138.23 | 0 | -8.43 | -141.12 | 0 | -2.01 | -113.31 | 0 | -1.36 | -112.75 | 0 | 0.17 | -67.31 | 0 | -2.19 | -106.62 | 0 | 47.30 | 0.04 | 0 | 93.33 | -5.91 | 0 | 6.67 | 726.67 | 0 | 23.70 | 76.73 | 0 |
| 22Q2 (11) | 2.18 | 0 | 83.19 | 49.53 | 0 | 20.92 | 28.72 | 0 | 61.44 | 28.96 | 0 | 58.16 | 20.50 | 0 | 43.46 | 15.10 | 0 | 100.53 | 10.67 | 0 | 87.52 | 0.52 | 0 | 33.33 | 33.10 | 0 | 43.41 | 47.28 | 0 | 30.75 | 99.19 | 0 | 1.45 | 0.81 | 0 | -63.71 | 13.41 | 0 | -20.79 |
| 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) | -2.22 | 0 | 18.94 | -49.99 | -30.32 | 0 | 11.33 | 89.98 | -30.07 | 0 | -24.69 | 0 | -17.66 | 0 | -11.03 | 0 | 0.46 | -45.24 | -17.59 | 0 | 67.86 | 49.37 | 100.80 | 0.8 | -0.80 | 0 | 0.72 | 205.62 | 0.00 | 0 |
| 2022 (9) | 1.05 | -63.79 | 37.87 | -12.34 | 10.03 | -46.59 | 5.96 | 55.77 | 10.04 | -47.6 | 6.33 | -57.66 | 7.55 | -58.26 | 5.53 | -59.31 | 0.84 | -6.67 | 16.39 | -30.14 | 45.43 | 22.52 | 100.00 | 1.77 | 0.00 | 0 | 0.24 | -41.52 | 18.24 | 3.28 |
| 2021 (8) | 2.90 | 0 | 43.20 | 64.95 | 18.78 | 0 | 3.83 | -10.8 | 19.16 | 0 | 14.95 | 0 | 18.09 | 0 | 13.59 | 0 | 0.90 | 63.64 | 23.46 | 0 | 37.08 | 16.38 | 98.26 | -4.63 | 1.74 | 0 | 0.40 | 0 | 17.66 | -26.17 |
| 2020 (7) | -1.03 | 0 | 26.19 | 36.91 | -11.22 | 0 | 4.29 | 5.7 | -10.78 | 0 | -8.69 | 0 | -8.01 | 0 | -4.43 | 0 | 0.55 | 3.77 | -5.28 | 0 | 31.86 | -77.79 | 103.03 | 3.03 | -3.03 | 0 | 0.00 | 0 | 23.92 | 1.92 |
| 2019 (6) | -1.55 | 0 | 19.13 | -1.8 | -14.71 | 0 | 4.06 | -5.83 | -14.75 | 0 | -11.77 | 0 | -14.29 | 0 | -5.63 | 0 | 0.53 | 12.77 | -8.49 | 0 | 143.46 | 23.26 | 100.00 | 0.0 | -0.00 | 0 | 0.00 | 0 | 23.47 | -1.22 |
| 2018 (5) | -1.52 | 0 | 19.48 | -27.42 | -16.17 | 0 | 4.31 | 127.59 | -16.52 | 0 | -13.24 | 0 | -11.97 | 0 | -5.78 | 0 | 0.47 | -29.85 | -10.78 | 0 | 116.39 | 69.62 | 100.00 | 0.0 | 2.63 | 0 | 0.00 | 0 | 23.76 | 36.95 |
| 2017 (4) | 0.50 | -35.06 | 26.84 | 19.82 | 4.30 | 22.51 | 1.89 | 148.11 | 4.02 | -8.84 | 3.34 | -8.24 | 4.13 | -41.75 | 2.82 | -24.4 | 0.67 | -17.28 | 6.82 | 5.08 | 68.62 | -38.81 | 100.00 | 33.33 | -9.09 | 0 | 0.00 | 0 | 17.35 | 9.81 |
| 2016 (3) | 0.77 | -33.04 | 22.40 | 2.8 | 3.51 | -40.81 | 0.76 | 104.58 | 4.41 | -3.29 | 3.64 | -3.19 | 7.09 | -29.87 | 3.73 | -15.99 | 0.81 | -10.99 | 6.49 | 2.37 | 112.14 | -36.69 | 75.00 | -43.75 | 16.67 | 0 | 0.00 | 0 | 15.80 | 28.46 |
| 2015 (2) | 1.15 | 0 | 21.79 | 0 | 5.93 | 0 | 0.37 | 0 | 4.56 | 0 | 3.76 | 0 | 10.11 | 0 | 4.44 | 0 | 0.91 | 0 | 6.34 | 0 | 177.13 | 0 | 133.33 | 0 | -33.33 | 0 | 0.00 | 0 | 12.30 | 0 |
