- 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) | -0.30 | 25.0 | -203.45 | 42.52 | 5.85 | 2.36 | -9.56 | 59.92 | -1024.71 | -10.30 | 40.7 | -214.57 | -10.30 | 40.7 | -214.57 | -1.71 | 23.66 | -208.23 | -1.56 | 23.9 | -208.33 | 0.15 | 25.0 | -6.25 | -3.97 | 52.11 | -127.44 | 8.26 | -13.96 | -30.3 | 89.66 | -34.48 | 906.9 | 6.90 | 118.72 | -93.79 | 32.57 | -18.04 | 25.17 |
| 24Q2 (19) | -0.40 | -73.91 | -900.0 | 40.17 | -2.88 | 0.05 | -23.85 | -1.36 | -335.22 | -17.37 | -69.79 | -1242.76 | -17.37 | -69.79 | -1242.76 | -2.24 | -72.31 | -996.0 | -2.05 | -73.73 | -954.17 | 0.12 | 0.0 | -25.0 | -8.29 | -1663.83 | -224.85 | 9.60 | 5.49 | 27.83 | 136.84 | -40.97 | 134.21 | -36.84 | 72.05 | -107.37 | 39.74 | 8.37 | 43.41 |
| 24Q1 (18) | -0.23 | 64.06 | 37.84 | 41.36 | -0.91 | -2.01 | -23.53 | -34.15 | -66.64 | -10.23 | 55.07 | 29.84 | -10.23 | 55.07 | 29.84 | -1.30 | 63.07 | 36.59 | -1.18 | 62.66 | 37.23 | 0.12 | -14.29 | -7.69 | -0.47 | 96.86 | 94.81 | 9.10 | -12.5 | 28.9 | 231.82 | 200.87 | 138.64 | -131.82 | -674.35 | -4713.64 | 36.67 | 24.98 | 6.88 |
| 23Q4 (17) | -0.64 | -320.69 | -300.0 | 41.74 | 0.48 | -14.76 | -17.54 | -1963.53 | -323.67 | -22.77 | -353.28 | -254.12 | -22.77 | -353.28 | -254.12 | -3.52 | -322.78 | -309.3 | -3.16 | -319.44 | -351.43 | 0.14 | -12.5 | 27.27 | -14.98 | -203.52 | 0 | 10.40 | -12.24 | -3.26 | 77.05 | 793.44 | 11.29 | 22.95 | -79.34 | -40.33 | 29.34 | 12.76 | -24.32 |
| 23Q3 (16) | 0.29 | 480.0 | 0.0 | 41.54 | 3.46 | -3.33 | -0.85 | 84.49 | 80.73 | 8.99 | 491.45 | -2.92 | 8.99 | 491.45 | -2.92 | 1.58 | 532.0 | -10.23 | 1.44 | 500.0 | 1.41 | 0.16 | 0.0 | 6.67 | 14.47 | 117.92 | -1.3 | 11.85 | 57.79 | -50.31 | -11.11 | 97.22 | 76.85 | 111.11 | -77.78 | -22.84 | 26.02 | -6.1 | -14.72 |
| 23Q2 (15) | 0.05 | 113.51 | -90.57 | 40.15 | -4.88 | -6.95 | -5.48 | 61.19 | -162.99 | 1.52 | 110.43 | -88.15 | 1.52 | 110.43 | -88.15 | 0.25 | 112.2 | -92.54 | 0.24 | 112.77 | -90.84 | 0.16 | 23.08 | -20.0 | 6.64 | 173.37 | -60.05 | 7.51 | 6.37 | -75.94 | -400.00 | -511.76 | -680.65 | 500.00 | 17400.0 | 1400.0 | 27.71 | -19.24 | 22.83 |
| 23Q1 (14) | -0.37 | -131.25 | -346.67 | 42.21 | -13.8 | -6.3 | -14.12 | -241.06 | -1186.15 | -14.58 | -126.75 | -393.95 | -14.58 | -126.75 | -393.95 | -2.05 | -138.37 | -307.07 | -1.88 | -168.57 | -341.03 | 0.13 | 18.18 | -13.33 | -9.05 | 0 | -191.51 | 7.06 | -34.33 | -75.99 | 97.14 | 40.32 | 320.95 | 2.86 | -92.57 | -96.29 | 34.31 | -11.5 | 17.66 |
| 22Q4 (13) | -0.16 | -155.17 | -143.24 | 48.97 | 13.96 | 6.97 | -4.14 | 6.12 | -149.05 | -6.43 | -169.44 | -173.4 | -6.43 | -169.44 | -173.4 | -0.86 | -148.86 | -130.5 | -0.70 | -149.3 | -135.9 | 0.11 | -26.67 | -50.0 | 0.00 | -100.0 | -100.0 | 10.75 | -54.93 | -70.71 | 69.23 | 244.23 | -28.11 | 38.46 | -73.29 | 938.46 | 38.77 | 27.07 | 61.21 |
| 22Q3 (12) | 0.29 | -45.28 | -59.72 | 42.97 | -0.42 | -6.51 | -4.41 | -150.69 | -130.67 | 9.26 | -27.83 | -39.56 | 9.26 | -27.83 | -39.56 | 1.76 | -47.46 | -80.49 | 1.42 | -45.8 | -73.99 | 0.15 | -25.0 | -57.14 | 14.66 | -11.79 | -23.41 | 23.85 | -23.61 | -66.3 | -48.00 | -169.68 | -151.84 | 144.00 | 332.0 | 2492.0 | 30.51 | 35.24 | 50.96 |
| 22Q2 (11) | 0.53 | 253.33 | -43.01 | 43.15 | -4.22 | -5.23 | 8.70 | 569.23 | -20.33 | 12.83 | 158.67 | -39.28 | 12.83 | 158.67 | -39.28 | 3.35 | 238.38 | -74.56 | 2.62 | 235.9 | -68.62 | 0.20 | 33.33 | -48.72 | 16.62 | 68.05 | -33.31 | 31.22 | 6.15 | -49.6 | 68.89 | 198.52 | 33.95 | 33.33 | -56.67 | -31.37 | 22.56 | -22.63 | 8.51 |
| 22Q1 (10) | 0.15 | -59.46 | 188.24 | 45.05 | -1.59 | 0.51 | 1.30 | -84.6 | 122.89 | 4.96 | -43.38 | 185.52 | 4.96 | -43.38 | 185.52 | 0.99 | -64.89 | 138.37 | 0.78 | -60.0 | 143.82 | 0.15 | -31.82 | -51.61 | 9.89 | -23.57 | 2297.78 | 29.41 | -19.86 | -45.52 | 23.08 | -76.04 | -75.0 | 76.92 | 1976.92 | 0 | 29.16 | 21.25 | 0.38 |
| 21Q4 (9) | 0.37 | -48.61 | 346.67 | 45.78 | -0.39 | 6.1 | 8.44 | -41.31 | 574.16 | 8.76 | -42.82 | 479.22 | 8.76 | -42.82 | 479.22 | 2.82 | -68.74 | 236.89 | 1.95 | -64.29 | 228.29 | 0.22 | -37.14 | -67.65 | 12.94 | -32.39 | 441.42 | 36.70 | -48.14 | 7.97 | 96.30 | 4.0 | 32.41 | 3.70 | -33.33 | -79.63 | 24.05 | 19.0 | -11.97 |
| 21Q3 (8) | 0.72 | -22.58 | 0 | 45.96 | 0.94 | 0 | 14.38 | 31.68 | 0 | 15.32 | -27.5 | 0 | 15.32 | -27.5 | 0 | 9.02 | -31.51 | 0 | 5.46 | -34.61 | 0 | 0.35 | -10.26 | 0 | 19.14 | -23.19 | 0 | 70.77 | 14.24 | 0 | 92.59 | 80.04 | 0 | 5.56 | -88.56 | 0 | 20.21 | -2.79 | 0 |
| 21Q2 (7) | 0.93 | 647.06 | 0 | 45.53 | 1.58 | 0 | 10.92 | 292.25 | 0 | 21.13 | 464.31 | 0 | 21.13 | 464.31 | 0 | 13.17 | 610.47 | 0 | 8.35 | 569.1 | 0 | 0.39 | 25.81 | 0 | 24.92 | 5637.78 | 0 | 61.95 | 14.76 | 0 | 51.43 | -44.29 | 0 | 48.57 | 0 | 0 | 20.79 | -28.43 | 0 |
| 21Q1 (6) | -0.17 | -13.33 | 0 | 44.82 | 3.87 | 0 | -5.68 | -219.1 | 0 | -5.80 | -151.08 | 0 | -5.80 | -151.08 | 0 | -2.58 | -25.24 | 0 | -1.78 | -17.11 | 0 | 0.31 | -54.41 | 0 | -0.45 | -118.83 | 0 | 53.98 | 58.81 | 0 | 92.31 | 26.92 | 0 | -0.00 | -100.0 | 0 | 29.05 | 6.33 | 0 |
| 20Q4 (5) | -0.15 | 0 | 0 | 43.15 | 0 | 0 | -1.78 | 0 | 0 | -2.31 | 0 | 0 | -2.31 | 0 | 0 | -2.06 | 0 | 0 | -1.52 | 0 | 0 | 0.68 | 0 | 0 | 2.39 | 0 | 0 | 33.99 | 0 | 0 | 72.73 | 0 | 0 | 18.18 | 0 | 0 | 27.32 | 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) | -0.68 | 0 | 41.37 | -7.41 | -9.03 | 0 | 3.45 | 30.08 | -5.86 | 0 | -5.86 | 0 | -3.74 | 0 | -3.37 | 0 | 0.58 | -1.69 | 0.00 | 0 | 10.40 | -3.26 | 154.69 | 673.44 | -54.69 | 0 | 2.87 | 23.19 | 29.10 | -0.31 |
| 2022 (9) | 0.80 | -57.89 | 44.68 | -2.0 | 1.27 | -84.64 | 2.65 | 28.2 | 6.37 | -44.02 | 6.37 | -44.02 | 4.57 | -70.07 | 3.89 | -65.73 | 0.59 | -40.4 | 11.34 | -26.74 | 10.75 | -70.71 | 20.00 | -72.6 | 80.00 | 188.42 | 2.33 | -33.1 | 29.19 | 27.13 |
| 2021 (8) | 1.90 | 0 | 45.59 | 10.39 | 8.27 | 0 | 2.07 | -34.64 | 11.38 | 0 | 11.38 | 0 | 15.27 | 0 | 11.35 | 0 | 0.99 | -11.61 | 15.48 | 0 | 36.70 | 7.97 | 72.99 | -33.09 | 27.74 | 0 | 3.48 | -31.57 | 22.96 | -30.76 |
| 2020 (7) | -1.07 | 0 | 41.30 | 12.72 | -11.08 | 0 | 3.17 | -26.09 | -10.10 | 0 | -10.09 | 0 | -14.80 | 0 | -11.19 | 0 | 1.12 | -5.88 | -4.75 | 0 | 33.99 | 17.13 | 109.09 | 16.36 | -9.09 | 0 | 5.09 | 0 | 33.16 | 23.59 |
| 2019 (6) | -1.13 | 0 | 36.64 | -5.08 | -8.49 | 0 | 4.28 | 24.85 | -9.01 | 0 | -9.01 | 0 | -14.06 | 0 | -10.63 | 0 | 1.19 | 15.53 | -2.82 | 0 | 29.02 | -13.55 | 93.75 | -11.41 | 6.25 | 0 | 0.00 | 0 | 26.83 | -12.83 |
| 2018 (5) | -1.82 | 0 | 38.60 | 3.99 | -13.30 | 0 | 3.43 | 176.69 | -12.64 | 0 | -12.64 | 0 | -19.46 | 0 | -12.91 | 0 | 1.03 | -10.43 | -7.60 | 0 | 33.57 | -53.09 | 105.83 | 21.44 | -4.85 | 0 | 0.00 | 0 | 30.78 | 20.09 |
| 2017 (4) | -1.28 | 0 | 37.12 | -10.45 | -6.90 | 0 | 1.24 | -2.96 | -7.94 | 0 | -7.94 | 0 | -14.23 | 0 | -9.00 | 0 | 1.15 | 0.88 | -3.04 | 0 | 71.57 | 66.17 | 87.14 | -15.01 | 12.86 | 0 | 0.00 | 0 | 25.63 | -2.18 |
| 2016 (3) | -1.52 | 0 | 41.45 | 0.24 | -8.62 | 0 | 1.28 | -38.07 | -8.47 | 0 | -8.90 | 0 | -14.04 | 0 | -10.17 | 0 | 1.14 | 0 | -1.70 | 0 | 43.07 | 26.94 | 102.53 | 13.75 | -1.27 | 0 | 0.00 | 0 | 26.20 | 36.53 |
| 2015 (2) | 2.48 | 0 | 41.35 | 0 | 11.03 | 0 | 2.06 | 0 | 12.22 | 0 | 11.73 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 17.02 | 0 | 33.93 | 0 | 90.14 | 0 | 9.86 | 0 | 0.00 | 0 | 19.19 | 0 |
