- 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) | -0.69 | -46.81 | -762.5 | -4.20 | -179.7 | -145.7 | -23.12 | -15.43 | -70.88 | -24.70 | -40.42 | -520.6 | -24.71 | -40.4 | -669.78 | -3.17 | -50.95 | -805.71 | -1.32 | -51.72 | -1000.0 | 0.06 | 0.0 | 0.0 | 1.65 | -73.26 | -88.06 | 113.81 | 2.16 | 25.36 | 93.61 | -17.78 | -72.41 | 6.39 | 146.17 | 102.67 | 27.09 | -4.78 | 5.04 |
| 24Q2 (19) | -0.47 | -327.27 | -413.33 | 5.27 | -65.78 | -68.67 | -20.03 | -102.12 | -3238.33 | -17.59 | -334.32 | -461.19 | -17.60 | -333.5 | -414.29 | -2.10 | -346.81 | -423.08 | -0.87 | -690.91 | -307.14 | 0.06 | 0.0 | 0.0 | 6.17 | -65.04 | -70.98 | 111.40 | 18.1 | 33.46 | 113.85 | -53.48 | 1024.58 | -13.85 | 90.43 | -112.31 | 28.45 | -1.32 | 13.53 |
| 24Q1 (18) | -0.11 | 78.85 | -320.0 | 15.40 | 403.27 | -17.69 | -9.91 | 45.16 | -439.38 | -4.05 | 81.53 | -293.78 | -4.06 | 78.56 | -349.08 | -0.47 | 78.92 | -335.0 | -0.11 | 89.72 | -157.89 | 0.06 | 0.0 | -14.29 | 17.65 | 467.71 | -1.34 | 94.33 | -6.84 | 20.75 | 244.75 | 197.05 | 75.87 | -144.75 | -922.15 | -269.57 | 28.83 | 18.45 | 19.43 |
| 23Q4 (17) | -0.52 | -550.0 | -201.96 | 3.06 | -66.7 | -91.22 | -18.07 | -33.56 | -192.38 | -21.93 | -451.01 | -230.85 | -18.94 | -490.03 | -241.66 | -2.23 | -537.14 | -208.78 | -1.07 | -791.67 | -188.43 | 0.06 | 0.0 | -25.0 | -4.80 | -134.73 | -116.28 | 101.26 | 11.53 | 23.31 | 82.39 | -75.71 | -29.4 | 17.61 | 107.36 | 205.42 | 24.34 | -5.62 | 8.76 |
| 23Q3 (16) | -0.08 | -153.33 | -104.97 | 9.19 | -45.36 | -80.17 | -13.53 | -2155.0 | -140.64 | -3.98 | -181.72 | -110.24 | -3.21 | -157.32 | -110.15 | -0.35 | -153.85 | -104.87 | -0.12 | -128.57 | -103.06 | 0.06 | 0.0 | -50.0 | 13.82 | -35.0 | -71.48 | 90.79 | 8.77 | 11.13 | 339.28 | 2855.34 | 296.01 | -239.28 | -312.69 | -1770.23 | 25.79 | 2.91 | 14.72 |
| 23Q2 (15) | 0.15 | 200.0 | -92.31 | 16.82 | -10.1 | -67.12 | -0.60 | -120.55 | -101.49 | 4.87 | 133.01 | -87.95 | 5.60 | 243.56 | -82.59 | 0.65 | 225.0 | -93.22 | 0.42 | 121.05 | -91.58 | 0.06 | -14.29 | -60.0 | 21.26 | 18.84 | -56.5 | 83.47 | 6.85 | -11.48 | -12.31 | -108.85 | -112.33 | 112.50 | 387.23 | 82634.38 | 25.06 | 3.81 | 18.88 |
| 23Q1 (14) | 0.05 | -90.2 | -97.3 | 18.71 | -46.3 | -63.16 | 2.92 | -85.07 | -92.73 | 2.09 | -87.53 | -94.78 | 1.63 | -87.81 | -94.9 | 0.20 | -90.24 | -97.94 | 0.19 | -84.3 | -96.21 | 0.07 | -12.5 | -53.33 | 17.89 | -39.34 | -63.33 | 78.12 | -4.87 | -20.29 | 139.17 | 19.25 | 38.6 | -39.17 | -134.51 | -9444.0 | 24.14 | 7.86 | 12.86 |
| 22Q4 (13) | 0.51 | -68.32 | -73.02 | 34.84 | -24.83 | -28.08 | 19.56 | -41.24 | -48.74 | 16.76 | -56.87 | -55.15 | 13.37 | -57.74 | -57.39 | 2.05 | -71.45 | -80.36 | 1.21 | -69.13 | -77.21 | 0.08 | -33.33 | -52.94 | 29.49 | -39.13 | -36.36 | 82.12 | 0.51 | -16.46 | 116.70 | 36.22 | 14.3 | -16.70 | -216.58 | -690.53 | 22.38 | -0.44 | 5.32 |
| 22Q3 (12) | 1.61 | -17.44 | 23.85 | 46.35 | -9.38 | 6.55 | 33.29 | -17.54 | 4.98 | 38.86 | -3.86 | 26.17 | 31.64 | -1.65 | 23.84 | 7.18 | -25.05 | -17.19 | 3.92 | -21.44 | -11.71 | 0.12 | -20.0 | -29.41 | 48.45 | -0.86 | 18.95 | 81.70 | -13.35 | -21.53 | 85.67 | -14.21 | -16.81 | 14.33 | 10435.55 | 582.82 | 22.48 | 6.64 | 1.35 |
| 22Q2 (11) | 1.95 | 5.41 | 82.24 | 51.15 | 0.71 | 29.49 | 40.37 | 0.5 | 46.43 | 40.42 | 1.02 | 57.58 | 32.17 | 0.59 | 46.56 | 9.58 | -1.44 | 19.15 | 4.99 | -0.4 | 28.61 | 0.15 | 0.0 | -11.76 | 48.87 | 0.18 | 32.73 | 94.29 | -3.79 | -3.96 | 99.86 | -0.54 | -7.06 | 0.14 | 133.13 | 101.83 | 21.08 | -1.45 | -9.18 |
| 22Q1 (10) | 1.85 | -2.12 | 172.06 | 50.79 | 4.85 | 51.61 | 40.17 | 5.27 | 87.27 | 40.01 | 7.06 | 105.92 | 31.98 | 1.91 | 100.88 | 9.72 | -6.9 | 55.02 | 5.01 | -5.65 | 77.66 | 0.15 | -11.76 | -6.25 | 48.78 | 5.27 | 50.05 | 98.00 | -0.31 | -30.52 | 100.41 | -1.65 | -9.06 | -0.41 | 80.58 | 96.06 | 21.39 | 0.66 | -4.64 |
| 21Q4 (9) | 1.89 | 45.38 | 440.0 | 48.44 | 11.36 | 88.19 | 38.16 | 20.34 | 166.67 | 37.37 | 21.33 | 223.55 | 31.38 | 22.82 | 244.08 | 10.44 | 20.42 | 215.41 | 5.31 | 19.59 | 240.38 | 0.17 | 0.0 | 13.33 | 46.34 | 13.77 | 79.47 | 98.30 | -5.59 | -28.55 | 102.10 | -0.86 | -17.61 | -2.11 | 28.8 | 91.17 | 21.25 | -4.19 | 2.96 |
| 21Q3 (8) | 1.30 | 21.5 | 490.91 | 43.50 | 10.13 | 99.36 | 31.71 | 15.02 | 209.97 | 30.80 | 20.08 | 304.2 | 25.55 | 16.4 | 323.71 | 8.67 | 7.84 | 297.71 | 4.44 | 14.43 | 307.34 | 0.17 | 0.0 | 13.33 | 40.73 | 10.62 | 82.48 | 104.12 | 6.05 | -27.35 | 102.99 | -4.15 | -23.35 | -2.97 | 60.16 | 91.36 | 22.18 | -4.44 | 6.07 |
| 21Q2 (7) | 1.07 | 57.35 | 328.0 | 39.50 | 17.91 | 79.87 | 27.57 | 28.53 | 160.59 | 25.65 | 32.01 | 197.91 | 21.95 | 37.88 | 221.38 | 8.04 | 28.23 | 222.89 | 3.88 | 37.59 | 218.03 | 0.17 | 6.25 | 13.33 | 36.82 | 13.26 | 58.98 | 98.18 | -30.39 | -30.43 | 107.45 | -2.69 | -12.58 | -7.45 | 28.52 | 67.49 | 23.21 | 3.48 | 13.33 |
| 21Q1 (6) | 0.68 | 94.29 | 0 | 33.50 | 30.15 | 0 | 21.45 | 49.9 | 0 | 19.43 | 68.23 | 0 | 15.92 | 74.56 | 0 | 6.27 | 89.43 | 0 | 2.82 | 80.77 | 0 | 0.16 | 6.67 | 0 | 32.51 | 25.91 | 0 | 141.05 | 2.53 | 0 | 110.42 | -10.9 | 0 | -10.42 | 56.45 | 0 | 22.43 | 8.67 | 0 |
| 20Q4 (5) | 0.35 | 59.09 | 0 | 25.74 | 17.97 | 0 | 14.31 | 39.88 | 0 | 11.55 | 51.57 | 0 | 9.12 | 51.24 | 0 | 3.31 | 51.83 | 0 | 1.56 | 43.12 | 0 | 0.15 | 0.0 | 0 | 25.82 | 15.68 | 0 | 137.57 | -4.01 | 0 | 123.92 | -7.76 | 0 | -23.92 | 30.36 | 0 | 20.64 | -1.29 | 0 |
| 20Q3 (4) | 0.22 | -12.0 | 0.0 | 21.82 | -0.64 | 0.0 | 10.23 | -3.31 | 0.0 | 7.62 | -11.5 | 0.0 | 6.03 | -11.71 | 0.0 | 2.18 | -12.45 | 0.0 | 1.09 | -10.66 | 0.0 | 0.15 | 0.0 | 0.0 | 22.32 | -3.63 | 0.0 | 143.31 | 1.55 | 0.0 | 134.35 | 9.31 | 0.0 | -34.35 | -49.98 | 0.0 | 20.91 | 2.1 | 0.0 |
| 20Q2 (3) | 0.25 | 0 | 0.0 | 21.96 | 0 | 0.0 | 10.58 | 0 | 0.0 | 8.61 | 0 | 0.0 | 6.83 | 0 | 0.0 | 2.49 | 0 | 0.0 | 1.22 | 0 | 0.0 | 0.15 | 0 | 0.0 | 23.16 | 0 | 0.0 | 141.12 | 0 | 0.0 | 122.91 | 0 | 0.0 | -22.91 | 0 | 0.0 | 20.48 | 0 | 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) | -0.40 | 0 | 12.02 | -74.29 | -7.17 | 0 | 15.09 | 75.45 | -4.74 | 0 | -3.73 | 0 | -1.74 | 0 | -0.63 | 0 | 0.24 | -52.0 | 12.02 | -73.34 | 101.26 | 23.31 | 151.29 | 55.0 | -51.29 | 0 | 0.14 | -24.65 | 24.81 | 14.02 |
| 2022 (9) | 5.80 | 17.89 | 46.76 | 11.23 | 34.60 | 13.0 | 8.60 | -8.17 | 35.45 | 21.07 | 28.43 | 15.95 | 26.73 | -17.09 | 14.53 | -7.92 | 0.50 | -19.35 | 45.08 | 13.12 | 82.12 | -16.46 | 97.61 | -6.65 | 2.39 | 0 | 0.19 | -30.55 | 21.76 | -1.94 |
| 2021 (8) | 4.92 | 300.0 | 42.04 | 74.73 | 30.62 | 143.6 | 9.37 | -26.86 | 29.28 | 178.86 | 24.52 | 194.36 | 32.24 | 167.11 | 15.78 | 176.36 | 0.62 | 3.33 | 39.85 | 58.89 | 98.30 | -28.55 | 104.56 | -12.64 | -4.56 | 0 | 0.28 | -15.13 | 22.19 | 6.68 |
| 2020 (7) | 1.23 | 0 | 24.06 | 187.8 | 12.57 | 0 | 12.81 | -5.15 | 10.50 | 0 | 8.33 | 0 | 12.07 | 0 | 5.71 | 0 | 0.60 | 17.65 | 25.08 | 191.63 | 137.57 | -5.52 | 119.69 | 49.12 | -19.69 | 0 | 0.33 | 0 | 20.80 | -7.47 |
| 2019 (6) | -0.52 | 0 | 8.36 | -72.69 | -5.85 | 0 | 13.51 | 71.66 | -7.28 | 0 | -7.36 | 0 | -8.83 | 0 | -3.15 | 0 | 0.51 | -61.65 | 8.60 | -67.89 | 145.61 | 15.45 | 80.27 | -21.96 | 19.73 | 0 | 0.00 | 0 | 22.48 | -5.63 |
| 2018 (5) | 2.22 | 65.67 | 30.61 | 55.54 | 17.80 | 75.89 | 7.87 | 10.52 | 17.31 | 76.09 | 13.85 | 47.97 | 40.85 | 150.77 | 19.47 | 106.91 | 1.33 | 33.0 | 26.78 | 56.43 | 126.12 | 52.65 | 102.86 | -0.08 | -2.86 | 0 | 0.00 | 0 | 23.82 | -30.51 |
| 2017 (4) | 1.34 | -48.46 | 19.68 | -12.1 | 10.12 | -16.23 | 7.12 | -1.53 | 9.83 | -9.98 | 9.36 | -14.36 | 16.29 | 0 | 9.41 | 0 | 1.00 | 0 | 17.12 | -6.86 | 82.62 | 31.33 | 102.94 | -6.85 | -2.94 | 0 | 0.00 | 0 | 34.28 | 0.26 |
| 2016 (3) | 2.60 | 0 | 22.39 | 0 | 12.08 | 0 | 7.23 | 0 | 10.92 | 0 | 10.93 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 18.38 | 0 | 62.91 | 0 | 110.51 | 0 | -10.66 | 0 | 0.00 | 0 | 34.19 | 0 |
