- 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) | 0.85 | -57.71 | -6.59 | 14.83 | -51.9 | 8.72 | 10.33 | -62.11 | -5.92 | 11.68 | -45.04 | 17.62 | 9.33 | -45.18 | 18.55 | 2.65 | -58.79 | -25.77 | 1.04 | -57.72 | -36.97 | 0.10 | -28.57 | -47.37 | 17.97 | -31.31 | 23.93 | 186.73 | 1.71 | 48.43 | 88.79 | -30.91 | -19.69 | 11.21 | 139.3 | 206.03 | 20.38 | 26.9 | 36.6 |
| 24Q2 (19) | 2.01 | -15.19 | 161.04 | 30.83 | -4.17 | 111.89 | 27.26 | -6.58 | 137.46 | 21.25 | -24.75 | 98.97 | 17.02 | -23.92 | 101.66 | 6.43 | -20.22 | 110.13 | 2.46 | -16.61 | 82.22 | 0.14 | 7.69 | 0.0 | 26.16 | -21.37 | 59.9 | 183.59 | 9.41 | 23.96 | 128.52 | 24.65 | 19.34 | -28.52 | -734.81 | -270.74 | 16.06 | -11.76 | -19.05 |
| 24Q1 (18) | 2.37 | 4.87 | 53.9 | 32.17 | 0.85 | 100.06 | 29.18 | 4.4 | 114.09 | 28.24 | 16.84 | 119.25 | 22.37 | 16.45 | 119.31 | 8.06 | -2.18 | 20.48 | 2.95 | -8.95 | 22.92 | 0.13 | -18.75 | -40.91 | 33.27 | 15.64 | 100.66 | 167.80 | -15.67 | 7.34 | 103.11 | -10.78 | -2.37 | -3.42 | 78.05 | 39.13 | 18.20 | 9.9 | 69.14 |
| 23Q4 (17) | 2.26 | 148.35 | 76.56 | 31.90 | 133.87 | 85.9 | 27.95 | 154.55 | 94.1 | 24.17 | 143.4 | 72.15 | 19.21 | 144.09 | 72.29 | 8.24 | 130.81 | 22.44 | 3.24 | 96.36 | 53.55 | 0.16 | -15.79 | -5.88 | 28.77 | 98.41 | 52.06 | 198.97 | 58.16 | -22.71 | 115.56 | 4.52 | 12.71 | -15.56 | -47.25 | -514.74 | 16.56 | 10.99 | 19.83 |
| 23Q3 (16) | 0.91 | 18.18 | 145.95 | 13.64 | -6.25 | -7.27 | 10.98 | -4.36 | -3.17 | 9.93 | -7.02 | 99.0 | 7.87 | -6.75 | 101.79 | 3.57 | 16.67 | 77.61 | 1.65 | 22.22 | 108.86 | 0.19 | 35.71 | 26.67 | 14.50 | -11.37 | 35.14 | 125.80 | -15.06 | -47.89 | 110.57 | 2.67 | -51.56 | -10.57 | -37.4 | 91.76 | 14.92 | -24.8 | -1.71 |
| 23Q2 (15) | 0.77 | -50.0 | 14.93 | 14.55 | -9.51 | 8.5 | 11.48 | -15.77 | 1.23 | 10.68 | -17.08 | 54.56 | 8.44 | -17.25 | 54.58 | 3.06 | -54.26 | 0.66 | 1.35 | -43.75 | 26.17 | 0.14 | -36.36 | -17.65 | 16.36 | -1.33 | 42.51 | 148.10 | -5.26 | -37.39 | 107.69 | 1.97 | -35.0 | -7.69 | -37.06 | 88.01 | 19.84 | 84.39 | 49.96 |
| 23Q1 (14) | 1.54 | 20.31 | 69.23 | 16.08 | -6.29 | -2.9 | 13.63 | -5.35 | 10.63 | 12.88 | -8.26 | 12.98 | 10.20 | -8.52 | 13.59 | 6.69 | -0.59 | 57.04 | 2.40 | 13.74 | 66.67 | 0.22 | 29.41 | 46.67 | 16.58 | -12.37 | 1.22 | 156.33 | -39.28 | -30.6 | 105.61 | 3.0 | -1.86 | -5.61 | -121.68 | 26.24 | 10.76 | -22.14 | -30.54 |
| 22Q4 (13) | 1.28 | 245.95 | 2233.33 | 17.16 | 16.66 | 48.06 | 14.40 | 26.98 | 155.32 | 14.04 | 181.36 | 1547.42 | 11.15 | 185.9 | 1215.0 | 6.73 | 234.83 | 2592.59 | 2.11 | 167.09 | 6933.33 | 0.17 | 13.33 | 112.5 | 18.92 | 76.33 | 169.13 | 257.44 | 6.64 | 16.0 | 102.53 | -55.08 | 116.41 | -2.53 | 98.03 | -100.35 | 13.82 | -8.96 | -49.64 |
| 22Q3 (12) | 0.37 | -44.78 | -69.42 | 14.71 | 9.69 | -41.16 | 11.34 | 0.0 | -48.36 | 4.99 | -27.79 | -75.56 | 3.90 | -28.57 | -74.72 | 2.01 | -33.88 | -67.16 | 0.79 | -26.17 | -65.04 | 0.15 | -11.76 | 7.14 | 10.73 | -6.53 | -58.35 | 241.41 | 2.05 | 12.88 | 228.26 | 37.78 | 113.27 | -128.26 | -99.85 | -1541.74 | 15.18 | 14.74 | -12.71 |
| 22Q2 (11) | 0.67 | -26.37 | -55.92 | 13.41 | -19.02 | -24.66 | 11.34 | -7.95 | -18.3 | 6.91 | -39.39 | -46.72 | 5.46 | -39.2 | -47.09 | 3.04 | -28.64 | -61.17 | 1.07 | -25.69 | -67.08 | 0.17 | 13.33 | -41.38 | 11.48 | -29.91 | -35.9 | 236.55 | 5.02 | 43.17 | 165.67 | 53.96 | 54.56 | -64.18 | -743.5 | -792.67 | 13.23 | -14.59 | -27.31 |
| 22Q1 (10) | 0.91 | 1616.67 | 0 | 16.56 | 42.88 | 0 | 12.32 | 118.44 | 0 | 11.40 | 1275.26 | 0 | 8.98 | 998.0 | 0 | 4.26 | 1677.78 | 0 | 1.44 | 4700.0 | 0 | 0.15 | 87.5 | 0 | 16.38 | 133.0 | 0 | 225.25 | 1.49 | 0 | 107.61 | 117.22 | 0 | -7.61 | -101.05 | 0 | 15.49 | -43.55 | 0 |
| 21Q4 (9) | -0.06 | -104.96 | -106.38 | 11.59 | -53.64 | -27.34 | 5.64 | -74.32 | -45.72 | -0.97 | -104.75 | -110.19 | -1.00 | -106.48 | -113.14 | -0.27 | -104.41 | -105.29 | 0.03 | -98.67 | -98.6 | 0.08 | -42.86 | -69.23 | 7.03 | -72.71 | -47.46 | 221.94 | 3.78 | 35.64 | -625.00 | -683.94 | -670.65 | 725.00 | 9380.0 | 7712.5 | 27.44 | 57.79 | 30.98 |
| 21Q3 (8) | 1.21 | -20.39 | 0 | 25.00 | 40.45 | 0 | 21.96 | 58.21 | 0 | 20.42 | 57.44 | 0 | 15.43 | 49.52 | 0 | 6.12 | -21.84 | 0 | 2.26 | -30.46 | 0 | 0.14 | -51.72 | 0 | 25.76 | 43.83 | 0 | 213.86 | 29.44 | 0 | 107.03 | -0.15 | 0 | -7.81 | -8.66 | 0 | 17.39 | -4.45 | 0 |
| 21Q2 (7) | 1.52 | 0 | 39.45 | 17.80 | 0 | 40.49 | 13.88 | 0 | 41.92 | 12.97 | 0 | 47.72 | 10.32 | 0 | 42.34 | 7.83 | 0 | 19.54 | 3.25 | 0 | 26.46 | 0.29 | 0 | -14.71 | 17.91 | 0 | 54.53 | 165.22 | 0 | -10.82 | 107.19 | 0 | -3.22 | -7.19 | 0 | 33.14 | 18.20 | 0 | 5.39 |
| 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) | 5.43 | 85.32 | 19.13 | 23.5 | 16.13 | 29.66 | 3.51 | -3.95 | 14.54 | 53.21 | 11.53 | 53.73 | 23.19 | 44.85 | 7.70 | 44.19 | 0.63 | 0.0 | 19.07 | 31.43 | 198.97 | -22.71 | 111.03 | -15.27 | -11.03 | 0 | 0.08 | -33.59 | 15.03 | 4.74 |
| 2022 (9) | 2.93 | 9.74 | 15.49 | -16.68 | 12.44 | -14.27 | 3.65 | -11.85 | 9.49 | -22.91 | 7.50 | -21.22 | 16.01 | 18.24 | 5.34 | 3.69 | 0.63 | 31.25 | 14.51 | -19.21 | 257.44 | 16.0 | 131.04 | 10.95 | -31.04 | 0 | 0.12 | 3.79 | 14.35 | -27.49 |
| 2021 (8) | 2.67 | 32.84 | 18.59 | 31.29 | 14.51 | 44.23 | 4.14 | 67.07 | 12.31 | 34.98 | 9.52 | 28.48 | 13.54 | 24.22 | 5.15 | 14.19 | 0.48 | -15.79 | 17.96 | 45.43 | 221.94 | 35.64 | 118.12 | 6.61 | -17.75 | 0 | 0.11 | -26.6 | 19.79 | 4.43 |
| 2020 (7) | 2.01 | 4.69 | 14.16 | -28.95 | 10.06 | -28.3 | 2.48 | -32.22 | 9.12 | -27.91 | 7.41 | -25.23 | 10.90 | -12.1 | 4.51 | -20.32 | 0.57 | 14.0 | 12.35 | -32.18 | 163.62 | 6.84 | 110.80 | -0.07 | -10.23 | 0 | 0.15 | 0 | 18.95 | -29.32 |
| 2019 (6) | 1.92 | -9.0 | 19.93 | 14.8 | 14.03 | 21.37 | 3.66 | 55.14 | 12.65 | 13.45 | 9.91 | 8.54 | 12.40 | -25.35 | 5.66 | -24.13 | 0.50 | -31.51 | 18.21 | 21.64 | 153.15 | 6.42 | 110.87 | 6.94 | -10.87 | 0 | 0.00 | 0 | 26.81 | 11.62 |
| 2018 (5) | 2.11 | -13.17 | 17.36 | -6.16 | 11.56 | -13.6 | 2.36 | -16.79 | 11.15 | 1.0 | 9.13 | -0.22 | 16.61 | -3.77 | 7.46 | 6.88 | 0.73 | 10.61 | 14.97 | -4.77 | 143.91 | -7.43 | 103.67 | -14.27 | -3.67 | 0 | 0.00 | 0 | 24.02 | -3.57 |
| 2017 (4) | 2.43 | 507.5 | 18.50 | 126.99 | 13.38 | 356.66 | 2.84 | 18.17 | 11.04 | 736.36 | 9.15 | 731.82 | 17.26 | 0 | 6.98 | 0 | 0.66 | 0 | 15.72 | 171.97 | 155.46 | -31.43 | 120.93 | -46.25 | -20.93 | 0 | 0.00 | 0 | 24.91 | 17.67 |
| 2016 (3) | 0.40 | 0 | 8.15 | 0 | 2.93 | 0 | 2.40 | 0 | 1.32 | 0 | 1.10 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 5.78 | 0 | 226.71 | 0 | 225.00 | 0 | -125.00 | 0 | 0.00 | 0 | 21.17 | 0 |
