- 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) | 0.88 | 91.3 | 25.71 | 10.23 | -9.23 | -23.37 | 0.95 | 46.15 | -50.78 | 1.91 | 56.56 | -17.67 | 1.58 | 116.44 | -18.13 | 1.70 | 136.11 | 0.0 | 0.85 | 129.73 | -2.3 | 0.53 | 8.16 | 20.45 | 2.61 | 27.94 | -9.06 | 98.70 | -7.41 | 13.27 | 50.00 | -5.0 | -40.62 | 50.00 | 5.56 | 185.0 | 7.49 | -8.21 | -9.65 |
| 24Q2 (19) | 0.46 | 12.2 | -36.99 | 11.27 | -2.34 | -10.27 | 0.65 | 712.5 | -56.08 | 1.22 | 38.64 | -48.31 | 0.73 | 21.67 | -64.9 | 0.72 | 38.46 | -59.78 | 0.37 | 27.59 | -58.43 | 0.49 | 8.89 | 16.67 | 2.04 | 12.71 | -30.14 | 106.60 | 10.71 | -1.89 | 52.63 | 531.58 | -14.29 | 47.37 | -48.33 | 28.57 | 8.16 | -8.11 | -1.21 |
| 24Q1 (18) | 0.41 | -56.84 | 28.12 | 11.54 | -15.7 | -2.62 | 0.08 | -93.6 | -88.57 | 0.88 | -61.4 | -40.54 | 0.60 | -70.59 | -38.78 | 0.52 | -72.34 | -31.58 | 0.29 | -71.84 | -25.64 | 0.45 | -10.0 | 18.42 | 1.81 | -44.31 | -12.14 | 96.29 | 16.72 | -5.99 | 8.33 | -85.0 | -82.22 | 91.67 | 99.14 | 72.55 | 8.88 | 0.68 | -2.09 |
| 23Q4 (17) | 0.95 | 35.71 | 90.0 | 13.69 | 2.55 | 1.94 | 1.25 | -35.23 | 62.34 | 2.28 | -1.72 | 34.12 | 2.04 | 5.7 | 47.83 | 1.88 | 10.59 | 70.91 | 1.03 | 18.39 | 83.93 | 0.50 | 13.64 | 25.0 | 3.25 | 13.24 | 41.92 | 82.50 | -5.32 | -20.97 | 55.56 | -34.03 | 20.37 | 46.03 | 162.38 | -14.51 | 8.82 | 6.39 | -4.75 |
| 23Q3 (16) | 0.70 | -4.11 | 288.89 | 13.35 | 6.29 | 2.14 | 1.93 | 30.41 | 58.2 | 2.32 | -1.69 | 160.67 | 1.93 | -7.21 | 286.0 | 1.70 | -5.03 | 261.7 | 0.87 | -2.25 | 295.45 | 0.44 | 4.76 | 4.76 | 2.87 | -1.71 | 99.31 | 87.14 | -19.8 | -10.43 | 84.21 | 37.14 | -38.46 | 17.54 | -52.38 | 147.62 | 8.29 | 0.36 | -2.93 |
| 23Q2 (15) | 0.73 | 128.12 | 114.71 | 12.56 | 5.99 | 5.63 | 1.48 | 111.43 | 20.33 | 2.36 | 59.46 | 100.0 | 2.08 | 112.24 | 121.28 | 1.79 | 135.53 | 57.02 | 0.89 | 128.21 | 93.48 | 0.42 | 10.53 | -12.5 | 2.92 | 41.75 | 69.77 | 108.65 | 6.07 | -37.07 | 61.40 | 30.99 | -43.14 | 36.84 | -30.65 | 1021.05 | 8.26 | -8.93 | 11.47 |
| 23Q1 (14) | 0.32 | -36.0 | -50.0 | 11.85 | -11.76 | -4.2 | 0.70 | -9.09 | -69.3 | 1.48 | -12.94 | -34.22 | 0.98 | -28.99 | -47.87 | 0.76 | -30.91 | -64.65 | 0.39 | -30.36 | -57.61 | 0.38 | -5.0 | -20.83 | 2.06 | -10.04 | -26.16 | 102.43 | -1.88 | -23.24 | 46.88 | 1.56 | -53.12 | 53.12 | -1.34 | 0 | 9.07 | -2.05 | 17.64 |
| 22Q4 (13) | 0.50 | 177.78 | -13.79 | 13.43 | 2.75 | 11.54 | 0.77 | -36.89 | -58.82 | 1.70 | 91.01 | -14.57 | 1.38 | 176.0 | -9.8 | 1.10 | 134.04 | -45.27 | 0.56 | 154.55 | -37.78 | 0.40 | -4.76 | -31.03 | 2.29 | 59.03 | -3.78 | 104.39 | 7.3 | -27.05 | 46.15 | -66.27 | -51.7 | 53.85 | 246.15 | 707.69 | 9.26 | 8.43 | 31.16 |
| 22Q3 (12) | 0.18 | -47.06 | -78.82 | 13.07 | 9.92 | 20.57 | 1.22 | -0.81 | -48.31 | 0.89 | -24.58 | -61.47 | 0.50 | -46.81 | -75.25 | 0.47 | -58.77 | -84.18 | 0.22 | -52.17 | -82.95 | 0.42 | -12.5 | -32.26 | 1.44 | -16.28 | -47.25 | 97.29 | -43.65 | -12.96 | 136.84 | 26.71 | 34.56 | -36.84 | -821.05 | -2073.68 | 8.54 | 15.25 | 39.31 |
| 22Q2 (11) | 0.34 | -46.88 | -79.01 | 11.89 | -3.88 | 16.57 | 1.23 | -46.05 | -62.15 | 1.18 | -47.56 | -65.4 | 0.94 | -50.0 | -64.39 | 1.14 | -46.98 | -75.74 | 0.46 | -50.0 | -76.77 | 0.48 | 0.0 | -34.25 | 1.72 | -38.35 | -54.13 | 172.65 | 29.37 | 8.35 | 108.00 | 8.0 | 13.51 | -4.00 | 0 | -182.4 | 7.41 | -3.89 | 50.61 |
| 22Q1 (10) | 0.64 | 10.34 | -17.95 | 12.37 | 2.74 | 30.35 | 2.28 | 21.93 | 12.87 | 2.25 | 13.07 | 8.7 | 1.88 | 22.88 | 14.63 | 2.15 | 6.97 | -7.73 | 0.92 | 2.22 | -15.6 | 0.48 | -17.24 | -26.15 | 2.79 | 17.23 | 14.34 | 133.45 | -6.74 | 6.8 | 100.00 | 4.65 | 2.13 | 0.00 | -100.0 | -100.0 | 7.71 | 9.21 | 46.3 |
| 21Q4 (9) | 0.58 | -31.76 | -28.4 | 12.04 | 11.07 | 64.03 | 1.87 | -20.76 | 64.04 | 1.99 | -13.85 | 20.61 | 1.53 | -24.26 | 5.52 | 2.01 | -32.32 | -18.95 | 0.90 | -30.23 | -23.73 | 0.58 | -6.45 | -27.5 | 2.38 | -12.82 | 23.96 | 143.09 | 28.02 | 26.33 | 95.56 | -6.04 | 38.71 | 6.67 | 493.33 | -78.57 | 7.06 | 15.17 | 77.39 |
| 21Q3 (8) | 0.85 | -47.53 | 0 | 10.84 | 6.27 | 0 | 2.36 | -27.38 | 0 | 2.31 | -32.26 | 0 | 2.02 | -23.48 | 0 | 2.97 | -36.81 | 0 | 1.29 | -34.85 | 0 | 0.62 | -15.07 | 0 | 2.73 | -27.2 | 0 | 111.77 | -29.86 | 0 | 101.69 | 6.88 | 0 | -1.69 | -134.92 | 0 | 6.13 | 24.59 | 0 |
| 21Q2 (7) | 1.62 | 107.69 | 0 | 10.20 | 7.48 | 0 | 3.25 | 60.89 | 0 | 3.41 | 64.73 | 0 | 2.64 | 60.98 | 0 | 4.70 | 101.72 | 0 | 1.98 | 81.65 | 0 | 0.73 | 12.31 | 0 | 3.75 | 53.69 | 0 | 159.35 | 27.53 | 0 | 95.15 | -2.83 | 0 | 4.85 | 133.01 | 0 | 4.92 | -6.64 | 0 |
| 21Q1 (6) | 0.78 | -3.7 | 0 | 9.49 | 29.29 | 0 | 2.02 | 77.19 | 0 | 2.07 | 25.45 | 0 | 1.64 | 13.1 | 0 | 2.33 | -6.05 | 0 | 1.09 | -7.63 | 0 | 0.65 | -18.75 | 0 | 2.44 | 27.08 | 0 | 124.95 | 10.31 | 0 | 97.92 | 42.14 | 0 | 2.08 | -93.3 | 0 | 5.27 | 32.41 | 0 |
| 20Q4 (5) | 0.81 | 0 | 0 | 7.34 | 0 | 0 | 1.14 | 0 | 0 | 1.65 | 0 | 0 | 1.45 | 0 | 0 | 2.48 | 0 | 0 | 1.18 | 0 | 0 | 0.80 | 0 | 0 | 1.92 | 0 | 0 | 113.27 | 0 | 0 | 68.89 | 0 | 0 | 31.11 | 0 | 0 | 3.98 | 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) | 2.70 | 67.7 | 12.92 | 1.73 | 1.35 | -0.74 | 0.50 | 2.4 | 2.13 | 42.0 | 1.79 | 52.99 | 5.91 | 34.01 | 3.13 | 51.94 | 1.71 | -0.58 | 2.82 | 38.24 | 82.50 | -20.97 | 63.64 | -29.84 | 36.36 | 290.91 | 10.04 | 28891.86 | 8.61 | 4.36 |
| 2022 (9) | 1.61 | -52.65 | 12.70 | 19.7 | 1.36 | -44.26 | 0.49 | 59.55 | 1.50 | -40.24 | 1.17 | -41.79 | 4.41 | -63.61 | 2.06 | -61.99 | 1.72 | -34.85 | 2.04 | -29.41 | 104.39 | -27.05 | 90.70 | -6.36 | 9.30 | 238.87 | 0.03 | -26.6 | 8.25 | 42.73 |
| 2021 (8) | 3.40 | 10.03 | 10.61 | 7.28 | 2.44 | 16.19 | 0.31 | -17.47 | 2.51 | -1.57 | 2.01 | -7.37 | 12.12 | 25.34 | 5.42 | 18.34 | 2.64 | 26.92 | 2.89 | -3.02 | 143.09 | 26.33 | 96.86 | 17.95 | 2.75 | -84.64 | 0.05 | -45.65 | 5.78 | 9.68 |
| 2020 (7) | 3.09 | -27.8 | 9.89 | 20.9 | 2.10 | -9.48 | 0.37 | 47.26 | 2.55 | 4.08 | 2.17 | 6.9 | 9.67 | -18.53 | 4.58 | -17.18 | 2.08 | -20.31 | 2.98 | 5.67 | 113.27 | -1.67 | 82.12 | -13.69 | 17.88 | 227.75 | 0.09 | 0 | 5.27 | 33.76 |
| 2019 (6) | 4.28 | 37.18 | 8.18 | -3.2 | 2.32 | -7.94 | 0.25 | 424.02 | 2.45 | -6.49 | 2.03 | -6.88 | 11.87 | -21.91 | 5.53 | -13.73 | 2.61 | -4.74 | 2.82 | -2.08 | 115.19 | -17.87 | 95.15 | -1.22 | 5.45 | 48.64 | 0.00 | 0 | 3.94 | 15.88 |
| 2018 (5) | 3.12 | -35.0 | 8.45 | -16.91 | 2.52 | -21.74 | 0.05 | -43.67 | 2.62 | -30.87 | 2.18 | -33.33 | 15.20 | -55.28 | 6.41 | -52.31 | 2.74 | -27.89 | 2.88 | -31.59 | 140.25 | -22.08 | 96.33 | 12.81 | 3.67 | -74.88 | 0.00 | 0 | 3.40 | -21.11 |
| 2017 (4) | 4.80 | 357.14 | 10.17 | -59.16 | 3.22 | 246.24 | 0.09 | -82.29 | 3.79 | 163.19 | 3.27 | 99.39 | 33.99 | 150.11 | 13.44 | 159.96 | 3.80 | 21.79 | 4.21 | 119.27 | 179.99 | 54.25 | 85.39 | 28.09 | 14.61 | -56.18 | 0.00 | 0 | 4.31 | -71.63 |
| 2016 (3) | 1.05 | 0 | 24.90 | 141.28 | 0.93 | 0 | 0.48 | 0 | 1.44 | 0 | 1.64 | 0 | 13.59 | 0 | 5.17 | 0 | 3.12 | 25.3 | 1.92 | 0 | 116.69 | -71.67 | 66.67 | -43.59 | 33.33 | 0 | 0.00 | 0 | 15.19 | -2.19 |
| 2015 (2) | -5.39 | 0 | 10.32 | 0 | -16.59 | 0 | 0.00 | 0 | -14.25 | 0 | -14.25 | 0 | -123.33 | 0 | -35.51 | 0 | 2.49 | 0 | -14.47 | 0 | 411.85 | 326.43 | 118.18 | 0 | -18.18 | 0 | 0.00 | 0 | 15.53 | 0 |
| 2014 (1) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 96.58 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 |
