- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q4 (20) | 0.97 | -5.83 | -29.71 | 47.14 | 3.4 | -11.61 | 28.45 | 12.36 | -12.46 | 23.87 | -0.83 | -23.88 | 17.47 | -9.25 | -30.18 | 3.42 | -7.32 | -38.49 | 2.33 | -3.32 | -28.53 | 0.13 | 8.33 | 8.33 | 32.14 | -4.17 | -20.15 | 55.06 | 0.57 | -26.76 | 120.00 | 14.0 | 15.38 | -20.00 | -280.0 | -400.0 | 15.26 | -2.55 | 6.34 |
| 24Q3 (19) | 1.03 | 14.44 | -23.7 | 45.59 | 1.29 | -7.82 | 25.32 | 16.36 | -15.06 | 24.07 | 16.51 | -14.98 | 19.25 | 16.31 | -25.07 | 3.69 | 3.07 | -35.38 | 2.41 | 15.31 | -25.85 | 0.12 | 0.0 | 0.0 | 33.54 | 12.74 | -11.74 | 54.75 | -23.35 | -34.32 | 105.26 | 2.17 | 0.58 | -5.26 | 13.16 | -13.16 | 15.66 | -12.85 | 8.45 |
| 24Q2 (18) | 0.90 | -15.09 | -14.29 | 45.01 | -3.78 | -2.66 | 21.76 | -18.35 | -18.5 | 20.66 | -18.57 | -16.46 | 16.55 | -18.43 | -16.29 | 3.58 | -19.0 | -23.01 | 2.09 | -16.4 | -16.4 | 0.12 | 0.0 | 0.0 | 29.75 | -15.24 | -13.62 | 71.43 | -30.41 | -19.34 | 103.03 | -2.12 | -4.7 | -6.06 | -15.15 | 25.25 | 17.97 | 13.23 | 27.18 |
| 24Q1 (17) | 1.06 | -23.19 | 8.16 | 46.78 | -12.28 | 6.15 | 26.65 | -18.0 | 8.91 | 25.37 | -19.1 | 8.19 | 20.29 | -18.9 | 7.98 | 4.42 | -20.5 | 6.51 | 2.50 | -23.31 | 9.65 | 0.12 | 0.0 | 9.09 | 35.10 | -12.8 | 6.01 | 102.64 | 36.53 | -7.23 | 105.26 | 1.21 | 2.34 | -5.26 | -31.58 | 7.89 | 15.87 | 10.59 | 11.13 |
| 23Q4 (16) | 1.38 | 2.22 | -4.17 | 53.33 | 7.82 | 11.22 | 32.50 | 9.02 | 3.83 | 31.36 | 10.77 | 4.5 | 25.02 | -2.61 | 4.42 | 5.56 | -2.63 | -6.08 | 3.26 | 0.31 | -3.26 | 0.12 | 0.0 | -7.69 | 40.25 | 5.92 | 6.51 | 75.18 | -9.81 | -7.38 | 104.00 | -0.62 | 0.15 | -4.00 | 14.0 | -4.0 | 14.35 | -0.62 | 7.81 |
| 23Q3 (15) | 1.35 | 28.57 | -12.34 | 49.46 | 6.96 | 15.21 | 29.81 | 11.65 | 17.78 | 28.31 | 14.48 | 14.94 | 25.69 | 29.94 | 5.2 | 5.71 | 22.8 | -11.47 | 3.25 | 30.0 | -7.93 | 0.12 | 0.0 | -14.29 | 38.00 | 10.34 | 18.6 | 83.36 | -5.87 | -3.65 | 104.65 | -3.2 | 0.1 | -4.65 | 42.64 | -104.65 | 14.44 | 2.19 | 7.68 |
| 23Q2 (14) | 1.05 | 7.14 | -52.7 | 46.24 | 4.92 | 4.26 | 26.70 | 9.11 | 4.17 | 24.73 | 5.46 | 1.52 | 19.77 | 5.22 | 1.38 | 4.65 | 12.05 | -50.79 | 2.50 | 9.65 | -47.92 | 0.12 | 9.09 | -47.83 | 34.44 | 4.02 | 4.97 | 88.56 | -19.96 | -27.8 | 108.11 | 5.11 | 2.83 | -8.11 | -41.89 | -58.11 | 14.13 | -1.05 | -1.4 |
| 23Q1 (13) | 0.98 | -31.94 | 0 | 44.07 | -8.09 | 0 | 24.47 | -21.82 | 0 | 23.45 | -21.86 | 0 | 18.79 | -21.58 | 0 | 4.15 | -29.9 | 0 | 2.28 | -32.34 | 0 | 0.11 | -15.38 | 0 | 33.11 | -12.38 | 0 | 110.64 | 36.31 | 0 | 102.86 | -0.95 | 0 | -5.71 | -48.57 | 0 | 14.28 | 7.29 | 0 |
| 22Q4 (12) | 1.44 | -6.49 | 0 | 47.95 | 11.69 | 0 | 31.30 | 23.67 | 0 | 30.01 | 21.84 | 0 | 23.96 | -1.88 | 0 | 5.92 | -8.22 | 0 | 3.37 | -4.53 | 0 | 0.13 | -7.14 | 0 | 37.79 | 17.95 | 0 | 81.17 | -6.18 | 0 | 103.85 | -0.67 | 0 | -3.85 | -69.23 | 0 | 13.31 | -0.75 | 0 |
| 22Q3 (11) | 1.54 | -30.63 | 0 | 42.93 | -3.2 | 0 | 25.31 | -1.25 | 0 | 24.63 | 1.11 | 0 | 24.42 | 25.23 | 0 | 6.45 | -31.75 | 0 | 3.53 | -26.46 | 0 | 0.14 | -39.13 | 0 | 32.04 | -2.35 | 0 | 86.52 | -29.46 | 0 | 104.55 | -0.55 | 0 | -2.27 | 55.68 | 0 | 13.41 | -6.42 | 0 |
| 22Q2 (10) | 2.22 | 0 | 0 | 44.35 | 0 | 0 | 25.63 | 0 | 0 | 24.36 | 0 | 0 | 19.50 | 0 | 0 | 9.45 | 0 | 0 | 4.80 | 0 | 0 | 0.23 | 0 | 0 | 32.81 | 0 | 0 | 122.66 | 0 | 0 | 105.13 | 0 | 0 | -5.13 | 0 | 0 | 14.33 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 (10) | 3.89 | -18.28 | 46.14 | -4.59 | 25.58 | -10.06 | 7.72 | -0.01 | 23.48 | -13.13 | 18.35 | -17.93 | 14.52 | -22.6 | 9.40 | -15.85 | 0.48 | 2.13 | 32.60 | -10.56 | 55.06 | -26.76 | 108.72 | 3.7 | -8.72 | 0 | 0.00 | 0 | 16.18 | 13.15 |
| 2023 (9) | 4.76 | -8.46 | 48.36 | 7.73 | 28.44 | 5.37 | 7.72 | 15.42 | 27.03 | 4.48 | 22.36 | 1.82 | 18.76 | -10.67 | 11.17 | -4.77 | 0.47 | -7.84 | 36.45 | 7.59 | 75.18 | -7.38 | 104.85 | 0.24 | -5.45 | 0 | 0.00 | 0 | 14.30 | 3.47 |
| 2022 (8) | 5.20 | -4.41 | 44.89 | -19.57 | 26.99 | -22.75 | 6.69 | -4.48 | 25.87 | -21.3 | 21.96 | -14.12 | 21.00 | -9.91 | 11.73 | -5.17 | 0.51 | 10.87 | 33.88 | -17.71 | 81.17 | -13.99 | 104.60 | -1.88 | -4.60 | 0 | 0.00 | 0 | 13.82 | -7.12 |
| 2021 (7) | 5.44 | 41.3 | 55.81 | 11.18 | 34.94 | 19.95 | 7.00 | -9.55 | 32.87 | 22.42 | 25.57 | 15.86 | 23.31 | 35.44 | 12.37 | 38.99 | 0.46 | 21.05 | 41.17 | 14.2 | 94.37 | -4.66 | 106.60 | -1.6 | -6.09 | 0 | 0.00 | 0 | 14.88 | -4.92 |
| 2020 (6) | 3.85 | -24.21 | 50.20 | -3.46 | 29.13 | -17.41 | 7.74 | 23.83 | 26.85 | -22.6 | 22.07 | -20.41 | 17.21 | -25.53 | 8.90 | -21.1 | 0.38 | -2.56 | 36.05 | -15.26 | 98.98 | -7.9 | 108.33 | 6.48 | -8.33 | 0 | 0.00 | 0 | 15.65 | 29.55 |
| 2019 (5) | 5.08 | 28.93 | 52.00 | 1.33 | 35.27 | -5.62 | 6.25 | 12.95 | 34.69 | -2.83 | 27.73 | 1.28 | 23.11 | -12.63 | 11.28 | -8.37 | 0.39 | -9.3 | 42.54 | -1.25 | 107.47 | -11.38 | 101.74 | -2.56 | -1.74 | 0 | 0.00 | 0 | 12.08 | 37.74 |
| 2018 (4) | 3.94 | -31.0 | 51.32 | 1.87 | 37.37 | 15.95 | 5.53 | -8.18 | 35.70 | -9.32 | 27.38 | -20.64 | 26.45 | -37.1 | 12.31 | -27.76 | 0.43 | -8.51 | 43.08 | -8.54 | 121.27 | -6.91 | 104.42 | 27.62 | -4.42 | 0 | 0.00 | 0 | 8.77 | -21.98 |
| 2017 (3) | 5.71 | 54.32 | 50.38 | 14.14 | 32.23 | 17.89 | 6.03 | 5.86 | 39.37 | 53.37 | 34.50 | 67.48 | 42.05 | -18.92 | 17.04 | 29.68 | 0.47 | -20.34 | 47.10 | 39.93 | 130.27 | -38.58 | 81.82 | -22.64 | 18.18 | 0 | 0.00 | 0 | 11.24 | -25.12 |
| 2016 (2) | 3.70 | 0 | 44.14 | 0 | 27.34 | 0 | 5.69 | 0 | 25.67 | 0 | 20.60 | 0 | 51.86 | 0 | 13.14 | 0 | 0.59 | 0 | 33.66 | 0 | 212.08 | 0 | 105.77 | 0 | -6.73 | 0 | 0.00 | 0 | 15.01 | 0 |
