- 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) | -0.06 | -150.0 | -200.0 | 18.77 | -7.85 | 371.61 | 3.79 | -10.19 | 125.8 | -1.83 | -117.13 | -140.31 | -2.30 | -148.22 | -176.92 | -0.31 | -152.54 | -200.0 | -0.13 | -124.53 | -141.94 | 0.10 | 11.11 | 42.86 | 10.11 | -56.67 | -57.82 | 31.85 | -14.63 | -37.14 | -233.33 | -654.17 | 35.19 | 366.67 | 480.56 | -20.29 | 29.91 | -7.86 | -27.07 |
| 24Q2 (19) | 0.12 | 500.0 | -64.71 | 20.37 | 145.42 | 44.88 | 4.22 | 139.92 | 150.54 | 10.68 | 173.15 | 14.22 | 4.77 | 304.24 | -73.99 | 0.59 | 436.36 | -65.29 | 0.53 | 194.44 | -57.26 | 0.09 | 28.57 | 50.0 | 23.33 | 19.15 | -20.81 | 37.31 | 19.05 | -29.63 | 42.11 | 116.84 | 146.78 | 63.16 | -81.95 | -68.42 | 32.46 | -16.04 | -32.99 |
| 24Q1 (18) | 0.02 | 120.0 | -90.48 | 8.30 | -48.83 | -73.51 | -10.57 | -3744.83 | -175.18 | 3.91 | 141.51 | -64.96 | 1.18 | 123.46 | -84.62 | 0.11 | 120.0 | -89.32 | 0.18 | 162.07 | -77.5 | 0.07 | -12.5 | -22.22 | 19.58 | 217.86 | -18.25 | 31.34 | -1.94 | -35.1 | -250.00 | 0 | -297.92 | 350.00 | 250.0 | 1430.0 | 38.66 | 7.96 | 12.06 |
| 23Q4 (17) | -0.10 | -266.67 | -107.69 | 16.22 | 307.54 | -66.99 | 0.29 | 101.97 | -99.21 | -9.42 | -307.49 | -130.47 | -5.03 | -268.23 | -120.73 | -0.55 | -277.42 | -108.55 | -0.29 | -193.55 | -106.62 | 0.08 | 14.29 | -55.56 | 6.16 | -74.3 | -83.59 | 31.96 | -36.93 | -35.0 | -0.00 | 100.0 | -100.0 | 100.00 | -78.26 | 644.44 | 35.81 | -12.68 | 48.77 |
| 23Q3 (16) | 0.06 | -82.35 | -97.3 | 3.98 | -71.69 | -91.74 | -14.69 | -75.93 | -142.09 | 4.54 | -51.44 | -90.34 | 2.99 | -83.7 | -91.89 | 0.31 | -81.76 | -97.45 | 0.31 | -75.0 | -96.32 | 0.07 | 16.67 | -69.57 | 23.97 | -18.64 | -53.87 | 50.67 | -4.43 | 3.28 | -360.00 | -300.0 | -583.84 | 460.00 | 130.0 | 1697.21 | 41.01 | -15.34 | 82.92 |
| 23Q2 (15) | 0.34 | 61.9 | -61.36 | 14.06 | -55.12 | -63.73 | -8.35 | -159.39 | -134.45 | 9.35 | -16.22 | -70.32 | 18.34 | 139.11 | -31.8 | 1.70 | 65.05 | -67.24 | 1.24 | 55.0 | -67.54 | 0.06 | -33.33 | -57.14 | 29.46 | 23.01 | -23.95 | 53.02 | 9.79 | 34.6 | -90.00 | -171.25 | -217.39 | 200.00 | 860.0 | 757.14 | 48.44 | 40.41 | 53.1 |
| 23Q1 (14) | 0.21 | -83.85 | 0.0 | 31.33 | -36.23 | 50.62 | 14.06 | -61.71 | 767.9 | 11.16 | -63.91 | -29.14 | 7.67 | -68.4 | -26.11 | 1.03 | -83.98 | -17.6 | 0.80 | -81.74 | -20.0 | 0.09 | -50.0 | 0.0 | 23.95 | -36.2 | -13.94 | 48.29 | -1.79 | 37.85 | 126.32 | 5.8 | 1036.84 | -26.32 | -43.27 | -129.61 | 34.50 | 43.33 | -18.13 |
| 22Q4 (13) | 1.30 | -41.44 | 73.33 | 49.13 | 2.01 | 52.2 | 36.72 | 5.21 | 155.89 | 30.92 | -34.21 | 55.53 | 24.27 | -34.21 | 39.0 | 6.43 | -47.08 | 11.44 | 4.38 | -47.98 | 4.53 | 0.18 | -21.74 | -21.74 | 37.54 | -27.75 | 16.91 | 49.17 | 0.22 | 66.4 | 119.39 | 60.46 | 67.14 | -18.37 | -171.76 | -164.29 | 24.07 | 7.36 | -36.0 |
| 22Q3 (12) | 2.22 | 152.27 | 0 | 48.16 | 24.25 | 0 | 34.90 | 43.98 | 0 | 47.00 | 49.21 | 0 | 36.89 | 37.19 | 0 | 12.15 | 134.1 | 0 | 8.42 | 120.42 | 0 | 0.23 | 64.29 | 0 | 51.96 | 34.12 | 0 | 49.06 | 24.55 | 0 | 74.40 | -2.95 | 0 | 25.60 | 9.69 | 0 | 22.42 | -29.14 | 0 |
| 22Q2 (11) | 0.88 | 319.05 | 0 | 38.76 | 86.35 | 0 | 24.24 | 1396.3 | 0 | 31.50 | 100.0 | 0 | 26.89 | 159.06 | 0 | 5.19 | 315.2 | 0 | 3.82 | 282.0 | 0 | 0.14 | 55.56 | 0 | 38.74 | 39.2 | 0 | 39.39 | 12.45 | 0 | 76.67 | 590.0 | 0 | 23.33 | -73.75 | 0 | 31.64 | -24.92 | 0 |
| 22Q1 (10) | 0.21 | -72.0 | 0 | 20.80 | -35.56 | 0 | 1.62 | -88.71 | 0 | 15.75 | -20.77 | 0 | 10.38 | -40.55 | 0 | 1.25 | -78.34 | 0 | 1.00 | -76.13 | 0 | 0.09 | -60.87 | 0 | 27.83 | -13.33 | 0 | 35.03 | 18.54 | 0 | 11.11 | -84.44 | 0 | 88.89 | 211.11 | 0 | 42.14 | 12.04 | 0 |
| 21Q4 (9) | 0.75 | 0 | 0 | 32.28 | 0 | 0 | 14.35 | 0 | 0 | 19.88 | 0 | 0 | 17.46 | 0 | 0 | 5.77 | 0 | 0 | 4.19 | 0 | 0 | 0.23 | 0 | 0 | 32.11 | 0 | 0 | 29.55 | 0 | 0 | 71.43 | 0 | 0 | 28.57 | 0 | 0 | 37.61 | 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) | 0.42 | -90.87 | 17.69 | -59.27 | -0.59 | 0 | 13.19 | 131.24 | 3.83 | -89.09 | 5.44 | -80.4 | 2.18 | -91.26 | 1.97 | -88.99 | 0.29 | -54.69 | 20.33 | -51.31 | 31.96 | -35.0 | -14.29 | 0 | 114.29 | 616.88 | 1.58 | -9.08 | 39.15 | 44.68 |
| 2022 (9) | 4.60 | 1050.0 | 43.43 | 107.8 | 29.51 | 848.87 | 5.70 | -53.43 | 35.12 | 432.93 | 27.75 | 433.65 | 24.94 | 709.74 | 17.90 | 613.15 | 0.64 | 56.1 | 41.75 | 106.89 | 49.17 | 66.4 | 84.06 | 74.12 | 15.94 | -69.18 | 1.73 | -11.23 | 27.06 | -27.3 |
| 2021 (8) | 0.40 | 900.0 | 20.90 | 76.52 | 3.11 | 0 | 12.24 | -8.7 | 6.59 | 0 | 5.20 | 983.33 | 3.08 | 710.53 | 2.51 | 248.61 | 0.41 | -8.89 | 20.18 | 38.31 | 29.55 | -57.48 | 48.28 | -87.93 | 51.72 | 0 | 1.95 | 0 | 37.22 | 2.39 |
| 2020 (7) | 0.04 | -60.0 | 11.84 | -20.0 | -2.77 | 0 | 13.41 | 18.66 | -0.62 | 0 | 0.48 | -45.45 | 0.38 | -55.81 | 0.72 | -28.0 | 0.45 | -23.73 | 14.59 | -5.99 | 69.49 | -11.57 | 400.00 | 460.0 | -300.00 | 0 | 0.00 | 0 | 36.35 | 31.27 |
| 2019 (6) | 0.10 | -47.37 | 14.80 | 24.89 | 1.83 | 0 | 11.30 | 0.47 | 2.71 | 38.27 | 0.88 | -54.17 | 0.86 | -50.57 | 1.00 | -39.02 | 0.59 | -3.28 | 15.52 | 8.0 | 78.58 | 55.6 | 71.43 | 0 | 35.71 | -81.09 | 0.00 | 0 | 27.69 | -1.98 |
| 2018 (5) | 0.19 | 0 | 11.85 | 4.04 | -1.60 | 0 | 11.25 | -11.7 | 1.96 | 0 | 1.92 | 0 | 1.74 | 0 | 1.64 | 0 | 0.61 | -3.17 | 14.37 | 12.79 | 50.50 | 3.55 | -88.89 | 0 | 188.89 | 183.33 | 0.00 | 0 | 28.25 | 22.08 |
| 2017 (4) | -0.12 | 0 | 11.39 | -37.0 | -0.45 | 0 | 12.74 | 16.41 | -1.23 | 0 | -1.11 | 0 | -1.09 | 0 | -0.16 | 0 | 0.63 | 0 | 12.74 | -38.04 | 48.77 | -23.37 | 33.33 | -70.3 | 66.67 | 0 | 0.00 | 0 | 23.14 | -3.54 |
| 2016 (3) | 1.12 | 0 | 18.08 | 0 | 9.07 | 0 | 10.95 | 0 | 8.12 | 0 | 8.08 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 20.56 | 0 | 63.64 | 0 | 112.24 | 0 | -12.24 | 0 | 0.00 | 0 | 23.99 | 0 |
