- 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) | -0.26 | -155.32 | -141.27 | 23.65 | 15.25 | -6.78 | -1.16 | -123.72 | -125.27 | -1.39 | -124.87 | -119.44 | -1.48 | -137.37 | -126.1 | -0.42 | -124.71 | -120.0 | -0.14 | -117.28 | -112.61 | 0.13 | -35.0 | -31.58 | 1.83 | -76.17 | -81.21 | 116.98 | -9.46 | 9.74 | 80.00 | -10.0 | 27.06 | 20.00 | 80.0 | -46.0 | 22.76 | 44.69 | 21.19 |
| 24Q2 (19) | 0.47 | 2250.0 | 34.29 | 20.52 | -17.09 | -6.56 | 4.89 | 476.15 | 325.22 | 5.59 | 507.61 | 21.0 | 3.96 | 195.52 | 26.92 | 1.70 | 400.0 | 77.08 | 0.81 | 268.18 | 47.27 | 0.20 | 53.85 | 25.0 | 7.68 | 81.13 | -4.12 | 129.20 | 19.99 | 38.63 | 88.89 | 166.67 | 211.11 | 11.11 | -94.44 | -85.86 | 15.73 | -36.55 | -21.03 |
| 24Q1 (18) | 0.02 | 200.0 | -33.33 | 24.75 | 14.32 | -6.21 | -1.30 | -205.69 | -178.79 | 0.92 | 538.1 | -30.83 | 1.34 | 318.75 | 1388.89 | 0.34 | 277.78 | 1033.33 | 0.22 | 100.0 | 340.0 | 0.13 | -7.14 | -7.14 | 4.24 | 40.4 | -4.07 | 107.68 | 19.6 | 9.35 | -133.33 | 66.67 | -206.67 | 200.00 | -50.0 | 900.0 | 24.79 | 31.09 | 0.2 |
| 23Q4 (17) | -0.02 | -103.17 | -102.25 | 21.65 | -14.66 | -5.5 | 1.23 | -73.2 | -82.87 | -0.21 | -102.94 | -102.11 | 0.32 | -94.36 | -94.98 | 0.09 | -95.71 | -96.94 | 0.11 | -90.09 | -92.47 | 0.14 | -26.32 | -36.36 | 3.02 | -68.99 | -74.77 | 90.03 | -15.54 | -13.22 | -400.00 | -735.29 | -652.94 | 400.00 | 980.0 | 1346.15 | 18.91 | 0.69 | 28.03 |
| 23Q3 (16) | 0.63 | 80.0 | -49.19 | 25.37 | 15.53 | 13.72 | 4.59 | 299.13 | -41.45 | 7.15 | 54.76 | -36.05 | 5.67 | 81.73 | -39.16 | 2.10 | 118.75 | -48.78 | 1.11 | 101.82 | -43.94 | 0.19 | 18.75 | -9.52 | 9.74 | 21.6 | -26.44 | 106.60 | 14.38 | -11.14 | 62.96 | 120.37 | -9.26 | 37.04 | -52.86 | 20.99 | 18.78 | -5.72 | 25.96 |
| 23Q2 (15) | 0.35 | 1066.67 | -67.29 | 21.96 | -16.79 | -29.73 | 1.15 | -30.3 | -87.95 | 4.62 | 247.37 | -67.09 | 3.12 | 3366.67 | -71.97 | 0.96 | 3100.0 | -74.93 | 0.55 | 1000.0 | -71.2 | 0.16 | 14.29 | -5.88 | 8.01 | 81.22 | -51.66 | 93.20 | -5.35 | -13.19 | 28.57 | -77.14 | -58.04 | 78.57 | 414.29 | 146.19 | 19.92 | -19.48 | 6.87 |
| 23Q1 (14) | 0.03 | -96.63 | -96.1 | 26.39 | 15.19 | 0.04 | 1.65 | -77.02 | -69.78 | 1.33 | -86.61 | -87.09 | 0.09 | -98.59 | -98.86 | 0.03 | -98.98 | -98.94 | 0.05 | -96.58 | -96.38 | 0.14 | -36.36 | -17.65 | 4.42 | -63.07 | -64.64 | 98.47 | -5.09 | -9.34 | 125.00 | 72.79 | 136.84 | -25.00 | -190.38 | -152.94 | 24.74 | 67.5 | 30.21 |
| 22Q4 (13) | 0.89 | -28.23 | 242.31 | 22.91 | 2.69 | -3.29 | 7.18 | -8.42 | 1395.83 | 9.93 | -11.18 | 186.99 | 6.38 | -31.55 | 154.18 | 2.94 | -28.29 | 61.54 | 1.46 | -26.26 | 56.99 | 0.22 | 4.76 | -35.29 | 11.97 | -9.59 | 104.97 | 103.75 | -13.52 | -4.0 | 72.34 | 4.26 | 430.5 | 27.66 | -9.65 | -67.97 | 14.77 | -0.94 | -24.53 |
| 22Q3 (12) | 1.24 | 15.89 | 0 | 22.31 | -28.61 | 0 | 7.84 | -17.82 | 0 | 11.18 | -20.37 | 0 | 9.32 | -16.26 | 0 | 4.10 | 7.05 | 0 | 1.98 | 3.66 | 0 | 0.21 | 23.53 | 0 | 13.24 | -20.1 | 0 | 119.97 | 11.75 | 0 | 69.39 | 1.91 | 0 | 30.61 | -4.08 | 0 | 14.91 | -20.01 | 0 |
| 22Q2 (11) | 1.07 | 38.96 | 0 | 31.25 | 18.46 | 0 | 9.54 | 74.73 | 0 | 14.04 | 36.31 | 0 | 11.13 | 40.89 | 0 | 3.83 | 35.82 | 0 | 1.91 | 38.41 | 0 | 0.17 | 0.0 | 0 | 16.57 | 32.56 | 0 | 107.36 | -1.16 | 0 | 68.09 | 29.0 | 0 | 31.91 | -32.42 | 0 | 18.64 | -1.89 | 0 |
| 22Q1 (10) | 0.77 | 196.15 | 0 | 26.38 | 11.36 | 0 | 5.46 | 1037.5 | 0 | 10.30 | 197.69 | 0 | 7.90 | 214.74 | 0 | 2.82 | 54.95 | 0 | 1.38 | 48.39 | 0 | 0.17 | -50.0 | 0 | 12.50 | 114.04 | 0 | 108.62 | 0.51 | 0 | 52.78 | 287.04 | 0 | 47.22 | -45.32 | 0 | 19.00 | -2.91 | 0 |
| 21Q4 (9) | 0.26 | 0 | 0 | 23.69 | 0 | 0 | 0.48 | 0 | 0 | 3.46 | 0 | 0 | 2.51 | 0 | 0 | 1.82 | 0 | 0 | 0.93 | 0 | 0 | 0.34 | 0 | 0 | 5.84 | 0 | 0 | 108.07 | 0 | 0 | 13.64 | 0 | 0 | 86.36 | 0 | 0 | 19.57 | 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) | 0.99 | -75.06 | 23.91 | -5.38 | 2.30 | -69.25 | 2.26 | 44.82 | 3.49 | -68.89 | 2.53 | -70.31 | 2.99 | -77.79 | 1.72 | -74.59 | 0.60 | -22.08 | 6.54 | -51.01 | 90.03 | -13.22 | 66.67 | 0.0 | 33.33 | 0.0 | 0.37 | -27.85 | 20.45 | 23.56 |
| 2022 (9) | 3.97 | 429.33 | 25.27 | 8.78 | 7.48 | 160.63 | 1.56 | -6.76 | 11.22 | 177.72 | 8.52 | 194.81 | 13.46 | 203.15 | 6.77 | 200.89 | 0.77 | 6.94 | 13.35 | 116.02 | 103.75 | -4.0 | 66.67 | -6.67 | 33.33 | 16.67 | 0.52 | 50.51 | 16.55 | -5.37 |
| 2021 (8) | 0.75 | -71.59 | 23.23 | -3.53 | 2.87 | -60.25 | 1.67 | 30.79 | 4.04 | -38.97 | 2.89 | -47.93 | 4.44 | -51.37 | 2.25 | -51.19 | 0.72 | -10.0 | 6.18 | -25.63 | 108.07 | -11.0 | 71.43 | -34.13 | 28.57 | 0 | 0.34 | 0 | 17.49 | 29.84 |
| 2020 (7) | 2.64 | 84.62 | 24.08 | -13.82 | 7.22 | 19.14 | 1.28 | -20.96 | 6.62 | 29.8 | 5.55 | 47.21 | 9.13 | 85.57 | 4.61 | 56.27 | 0.80 | 11.11 | 8.31 | 14.94 | 121.43 | 36.75 | 108.43 | -8.99 | -9.64 | 0 | 0.00 | 0 | 13.47 | -17.16 |
| 2019 (6) | 1.43 | -42.57 | 27.94 | -1.69 | 6.06 | -2.73 | 1.62 | 113.59 | 5.10 | -43.27 | 3.77 | -42.71 | 4.92 | -43.71 | 2.95 | -47.7 | 0.72 | -13.25 | 7.23 | -28.13 | 88.80 | 19.26 | 119.15 | 70.51 | -19.15 | 0 | 0.00 | 0 | 16.26 | 5.38 |
| 2018 (5) | 2.49 | 16.9 | 28.42 | 10.33 | 6.23 | -26.27 | 0.76 | 16.16 | 8.99 | 24.69 | 6.58 | 16.67 | 8.74 | 24.86 | 5.64 | 10.81 | 0.83 | -7.78 | 10.06 | 26.86 | 74.46 | 70.19 | 69.88 | -40.87 | 30.12 | 0 | 0.00 | 0 | 15.43 | 28.37 |
| 2017 (4) | 2.13 | 66.41 | 25.76 | 4.33 | 8.45 | 31.83 | 0.65 | -3.15 | 7.21 | 34.26 | 5.64 | 67.86 | 7.00 | 91.78 | 5.09 | 98.05 | 0.90 | 20.0 | 7.93 | 28.53 | 43.75 | 31.46 | 118.18 | -0.48 | -16.67 | 0 | 0.00 | 0 | 12.02 | 2.21 |
| 2016 (3) | 1.28 | 0 | 24.69 | 0 | 6.41 | 0 | 0.67 | 0 | 5.37 | 0 | 3.36 | 0 | 3.65 | 0 | 2.57 | 0 | 0.75 | 0 | 6.17 | 0 | 33.28 | 0 | 118.75 | 0 | -18.75 | 0 | 0.00 | 0 | 11.76 | 0 |
