- 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) | -0.03 | 81.25 | 57.14 | 9.41 | -25.67 | -19.85 | -0.10 | 97.16 | 81.48 | -0.18 | 94.86 | 78.05 | -0.29 | 89.79 | 65.48 | -0.17 | 81.72 | 56.41 | 0.00 | 100.0 | 100.0 | 0.23 | 76.92 | 9.52 | 1.43 | 330.65 | 10.85 | 137.05 | -16.3 | 8.12 | 100.00 | 0.0 | 50.0 | -0.00 | 0 | -100.0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.16 | 75.0 | -194.12 | 12.66 | 17.33 | -38.69 | -3.52 | 75.32 | -180.73 | -3.50 | 76.24 | -175.43 | -2.84 | 76.47 | -213.15 | -0.93 | 73.43 | -198.94 | -0.30 | 76.92 | -165.22 | 0.13 | 8.33 | -23.53 | -0.62 | 94.38 | -109.37 | 163.74 | 17.16 | 40.6 | 100.00 | 2.63 | 7.14 | -0.00 | -100.0 | -100.0 | 16.43 | -33.4 | -8.21 |
| 24Q1 (18) | -0.64 | 0 | -526.67 | 10.79 | -11.99 | 17.67 | -14.26 | -2328.12 | -1133.33 | -14.73 | -5765.38 | -1207.52 | -12.07 | -30275.0 | -1283.33 | -3.50 | -17600.0 | -614.71 | -1.30 | -1281.82 | -519.35 | 0.12 | -33.33 | -57.14 | -11.03 | -468.9 | -625.24 | 139.76 | -15.44 | 19.02 | 97.44 | -51.28 | -2.56 | 2.56 | 102.56 | 0 | 24.67 | 77.1 | 180.02 |
| 23Q4 (17) | 0.00 | 100.0 | -100.0 | 12.26 | 4.43 | -13.3 | 0.64 | 218.52 | -92.28 | 0.26 | 131.71 | -96.99 | 0.04 | 104.76 | -99.42 | 0.02 | 105.13 | -99.81 | 0.11 | 191.67 | -97.28 | 0.18 | -14.29 | -68.97 | 2.99 | 131.78 | -66.81 | 165.27 | 30.38 | 5.11 | 200.00 | 200.0 | 107.77 | -100.00 | -400.0 | -2775.0 | 13.93 | 12.98 | 120.06 |
| 23Q3 (16) | -0.07 | -141.18 | -106.42 | 11.74 | -43.15 | -30.24 | -0.54 | -112.39 | -106.66 | -0.82 | -117.67 | -110.1 | -0.84 | -133.47 | -112.94 | -0.39 | -141.49 | -106.6 | -0.12 | -126.09 | -105.97 | 0.21 | 23.53 | -32.26 | 1.29 | -80.51 | -85.22 | 126.76 | 8.84 | -28.64 | 66.67 | -28.57 | -33.33 | 33.33 | 400.0 | 0 | 12.33 | -31.12 | 33.73 |
| 23Q2 (15) | 0.17 | 13.33 | -43.33 | 20.65 | 125.19 | 129.96 | 4.36 | 215.94 | 395.45 | 4.64 | 248.87 | 154.95 | 2.51 | 146.08 | 13.06 | 0.94 | 38.24 | -39.74 | 0.46 | 48.39 | -11.54 | 0.17 | -39.29 | -26.09 | 6.62 | 215.24 | 138.99 | 116.46 | -0.83 | -46.01 | 93.33 | -6.67 | 110.0 | 6.67 | 0 | -88.0 | 17.90 | 103.18 | 96.49 |
| 23Q1 (14) | 0.15 | -93.09 | -71.15 | 9.17 | -35.15 | -50.05 | 1.38 | -83.35 | -78.64 | 1.33 | -84.61 | -79.94 | 1.02 | -85.24 | -80.65 | 0.68 | -93.65 | -74.81 | 0.31 | -92.33 | -65.17 | 0.28 | -51.72 | 64.71 | 2.10 | -76.69 | -73.15 | 117.43 | -25.32 | -43.16 | 100.00 | 3.88 | 4.17 | 0.00 | -100.0 | -100.0 | 8.81 | 39.18 | -35.03 |
| 22Q4 (13) | 2.17 | 99.08 | 0 | 14.14 | -15.98 | 0 | 8.29 | 2.22 | 0 | 8.64 | 6.4 | 0 | 6.91 | 6.47 | 0 | 10.71 | 81.22 | 0 | 4.04 | 101.0 | 0 | 0.58 | 87.1 | 0 | 9.01 | 3.21 | 0 | 157.24 | -11.48 | 0 | 96.26 | -3.74 | 0 | 3.74 | 0 | 0 | 6.33 | -31.34 | 0 |
| 22Q3 (12) | 1.09 | 263.33 | 0 | 16.83 | 87.42 | 0 | 8.11 | 821.59 | 0 | 8.12 | 346.15 | 0 | 6.49 | 192.34 | 0 | 5.91 | 278.85 | 0 | 2.01 | 286.54 | 0 | 0.31 | 34.78 | 0 | 8.73 | 215.16 | 0 | 177.63 | -17.65 | 0 | 100.00 | 125.0 | 0 | 0.00 | -100.0 | 0 | 9.22 | 1.21 | 0 |
| 22Q2 (11) | 0.30 | -42.31 | 0 | 8.98 | -51.09 | 0 | 0.88 | -86.38 | 0 | 1.82 | -72.55 | 0 | 2.22 | -57.87 | 0 | 1.56 | -42.22 | 0 | 0.52 | -41.57 | 0 | 0.23 | 35.29 | 0 | 2.77 | -64.58 | 0 | 215.71 | 4.41 | 0 | 44.44 | -53.7 | 0 | 55.56 | 1288.89 | 0 | 9.11 | -32.82 | 0 |
| 22Q1 (10) | 0.52 | 0 | 0 | 18.36 | 0 | 0 | 6.46 | 0 | 0 | 6.63 | 0 | 0 | 5.27 | 0 | 0 | 2.70 | 0 | 0 | 0.89 | 0 | 0 | 0.17 | 0 | 0 | 7.82 | 0 | 0 | 206.60 | 0 | 0 | 96.00 | 0 | 0 | 4.00 | 0 | 0 | 13.56 | 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) | 0.23 | -94.31 | 12.68 | -12.01 | 1.34 | -79.88 | 1.28 | 153.92 | 1.22 | -82.6 | 0.65 | -88.68 | 1.27 | -93.77 | 0.68 | -90.67 | 0.75 | -40.0 | 2.98 | -61.05 | 165.27 | 5.11 | 110.00 | 15.95 | -10.00 | 0 | 0.41 | 125.31 | 12.54 | 47.7 |
| 2022 (9) | 4.04 | 91.47 | 14.41 | -15.24 | 6.66 | 11.74 | 0.50 | -45.38 | 7.01 | 7.35 | 5.74 | 9.96 | 20.37 | 82.53 | 7.29 | 61.28 | 1.25 | 47.06 | 7.65 | -0.65 | 157.24 | -26.22 | 94.87 | 3.21 | 5.13 | -43.59 | 0.18 | 0 | 8.49 | -32.13 |
| 2021 (8) | 2.11 | -58.63 | 17.00 | -35.34 | 5.96 | -58.73 | 0.92 | -3.09 | 6.53 | -54.3 | 5.22 | -53.6 | 11.16 | -54.8 | 4.52 | -65.52 | 0.85 | -26.72 | 7.70 | -50.67 | 213.11 | 135.87 | 91.92 | -8.94 | 9.09 | 0 | 0.00 | 0 | 12.51 | -12.58 |
| 2020 (7) | 5.10 | 30.1 | 26.29 | 51.27 | 14.44 | 70.28 | 0.95 | 19.82 | 14.29 | 79.97 | 11.25 | 77.73 | 24.69 | 8.15 | 13.11 | 31.76 | 1.16 | -24.18 | 15.61 | 71.16 | 90.35 | 0.99 | 100.95 | -5.78 | -0.95 | 0 | 0.00 | 0 | 14.31 | 49.84 |
| 2019 (6) | 3.92 | 2.62 | 17.38 | -7.01 | 8.48 | -2.42 | 0.79 | 145.89 | 7.94 | -8.53 | 6.33 | -9.57 | 22.83 | -21.33 | 9.95 | -1.78 | 1.53 | 6.25 | 9.12 | -0.76 | 89.46 | -59.32 | 107.14 | 7.14 | -6.43 | 0 | 0.00 | 0 | 9.55 | -8.87 |
| 2018 (5) | 3.82 | 2838.46 | 18.69 | 12.93 | 8.69 | 334.5 | 0.32 | -19.52 | 8.68 | 401.73 | 7.00 | 1047.54 | 29.02 | 2298.35 | 10.13 | 1368.12 | 1.44 | 58.24 | 9.19 | 252.11 | 219.90 | 50.99 | 100.00 | -10.0 | 0.00 | 0 | 0.00 | 0 | 10.48 | -23.22 |
| 2017 (4) | 0.13 | -86.17 | 16.55 | -14.65 | 2.00 | -70.01 | 0.40 | -13.83 | 1.73 | -64.91 | 0.61 | -83.56 | 1.21 | -84.59 | 0.69 | -81.84 | 0.91 | -7.14 | 2.61 | -55.08 | 145.64 | 62.04 | 111.11 | -19.54 | -11.11 | 0 | 0.00 | 0 | 13.65 | 7.99 |
| 2016 (3) | 0.94 | 0 | 19.39 | 0 | 6.67 | 0 | 0.47 | 0 | 4.93 | 0 | 3.71 | 0 | 7.85 | 0 | 3.80 | 0 | 0.98 | 0 | 5.81 | 0 | 89.88 | 0 | 138.10 | 0 | -33.33 | 0 | 0.00 | 0 | 12.64 | 0 |
