- 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) | 3.15 | 38.16 | 99.37 | 35.71 | -10.01 | -9.39 | 19.03 | -19.64 | 8.87 | 19.07 | -8.62 | 7.98 | 19.14 | 16.85 | 25.76 | 5.69 | 19.04 | 64.45 | 3.79 | 24.67 | 72.27 | 0.19 | 5.56 | 35.71 | 30.67 | -7.17 | -10.48 | 48.24 | -21.87 | -17.11 | 99.49 | -12.13 | 0.38 | 0.00 | 100.0 | -100.0 | 22.26 | -8.28 | -19.03 |
| 24Q2 (19) | 2.28 | -15.56 | 153.33 | 39.68 | -8.55 | 0.48 | 23.68 | -5.28 | 44.13 | 20.87 | -13.19 | 35.78 | 16.38 | -21.02 | 57.65 | 4.78 | -15.4 | 137.81 | 3.04 | -15.79 | 141.27 | 0.18 | 5.88 | 63.64 | 33.04 | -11.89 | -6.8 | 61.74 | -5.52 | -20.17 | 113.23 | 8.79 | 5.51 | -13.23 | -224.07 | -80.78 | 24.27 | 5.25 | -14.93 |
| 24Q1 (18) | 2.70 | 60.71 | 335.48 | 43.39 | 25.44 | 49.83 | 25.00 | 78.57 | 281.1 | 24.04 | 117.16 | 445.12 | 20.74 | 38.91 | 190.48 | 5.65 | 62.82 | 344.88 | 3.61 | 55.6 | 314.94 | 0.17 | 13.33 | 70.0 | 37.50 | 37.41 | 47.17 | 65.35 | 11.92 | -17.25 | 104.08 | -17.6 | -31.6 | -4.08 | 84.49 | 91.47 | 23.06 | -8.53 | -15.38 |
| 23Q4 (17) | 1.68 | 6.33 | -24.66 | 34.59 | -12.23 | -14.87 | 14.00 | -19.91 | -37.72 | 11.07 | -37.32 | -42.4 | 14.93 | -1.91 | -16.41 | 3.47 | 0.29 | -35.26 | 2.32 | 5.45 | -18.6 | 0.15 | 7.14 | 0.0 | 27.29 | -20.34 | -22.32 | 58.39 | 0.33 | -16.93 | 126.32 | 27.43 | 8.27 | -26.32 | -3100.0 | -57.89 | 25.21 | -8.29 | 7.6 |
| 23Q3 (16) | 1.58 | 75.56 | -53.12 | 39.41 | -0.2 | -17.9 | 17.48 | 6.39 | -38.39 | 17.66 | 14.9 | -42.74 | 15.22 | 46.49 | -40.55 | 3.46 | 72.14 | -74.54 | 2.20 | 74.6 | -56.78 | 0.14 | 27.27 | -26.32 | 34.26 | -3.36 | -22.51 | 58.20 | -24.75 | -64.53 | 99.12 | -7.64 | 7.91 | 0.88 | 111.99 | -89.23 | 27.49 | -3.65 | 24.73 |
| 23Q2 (15) | 0.90 | 45.16 | -68.09 | 39.49 | 36.36 | -8.67 | 16.43 | 150.46 | -34.59 | 15.37 | 248.53 | -39.18 | 10.39 | 45.52 | -50.41 | 2.01 | 58.27 | -84.78 | 1.26 | 44.83 | -72.61 | 0.11 | 10.0 | -47.62 | 35.45 | 39.13 | -5.52 | 77.34 | -2.06 | -59.77 | 107.32 | -29.48 | 7.9 | -7.32 | 84.7 | -1453.66 | 28.53 | 4.7 | 54.97 |
| 23Q1 (14) | 0.62 | -72.2 | -78.01 | 28.96 | -28.72 | -36.57 | 6.56 | -70.82 | -74.97 | 4.41 | -77.06 | -83.79 | 7.14 | -60.02 | -70.34 | 1.27 | -76.31 | -90.96 | 0.87 | -69.47 | -82.39 | 0.10 | -33.33 | -50.0 | 25.48 | -27.47 | -34.31 | 78.97 | 12.35 | -61.61 | 152.17 | 30.43 | 58.51 | -47.83 | -186.96 | -1494.93 | 27.25 | 16.3 | 46.03 |
| 22Q4 (13) | 2.23 | -33.83 | -37.18 | 40.63 | -15.35 | -6.53 | 22.48 | -20.76 | -7.83 | 19.22 | -37.68 | -16.72 | 17.86 | -30.23 | -43.92 | 5.36 | -60.56 | -71.73 | 2.85 | -44.01 | -57.46 | 0.15 | -21.05 | -25.0 | 35.13 | -20.54 | 0.6 | 70.29 | -57.16 | -61.19 | 116.67 | 27.01 | 10.4 | -16.67 | -304.63 | -193.75 | 23.43 | 6.31 | 15.65 |
| 22Q3 (12) | 3.37 | 19.5 | 103.01 | 48.00 | 11.01 | 19.31 | 28.37 | 12.94 | 82.44 | 30.84 | 22.04 | 67.25 | 25.60 | 22.2 | 36.1 | 13.59 | 2.88 | 33.89 | 5.09 | 10.65 | 47.11 | 0.19 | -9.52 | 11.76 | 44.21 | 17.83 | 34.58 | 164.08 | -14.65 | -18.88 | 91.86 | -7.65 | 9.0 | 8.14 | 1406.79 | -48.22 | 22.04 | 19.72 | -0.36 |
| 22Q2 (11) | 2.82 | 0.0 | 184.85 | 43.24 | -5.3 | 12.84 | 25.12 | -4.16 | 60.92 | 25.27 | -7.13 | 74.88 | 20.95 | -12.96 | 60.41 | 13.21 | -5.98 | 106.73 | 4.60 | -6.88 | 101.75 | 0.21 | 5.0 | 31.25 | 37.52 | -3.27 | 28.67 | 192.25 | -6.53 | -11.39 | 99.46 | 3.6 | -8.19 | 0.54 | -84.23 | 106.49 | 18.41 | -1.34 | -25.07 |
| 22Q1 (10) | 2.82 | -20.56 | 48.42 | 45.66 | 5.04 | -5.68 | 26.21 | 7.46 | 1.43 | 27.21 | 17.89 | 8.45 | 24.07 | -24.43 | 5.25 | 14.05 | -25.9 | 13.12 | 4.94 | -26.27 | 5.11 | 0.20 | 0.0 | 0.0 | 38.79 | 11.08 | 1.44 | 205.68 | 13.58 | 14.58 | 96.00 | -9.15 | -7.25 | 3.43 | 160.43 | 230.29 | 18.66 | -7.9 | -20.63 |
| 21Q4 (9) | 3.55 | 113.86 | 2630.77 | 43.47 | 8.05 | 46.07 | 24.39 | 56.85 | 382.02 | 23.08 | 25.16 | 1598.7 | 31.85 | 69.32 | 3478.65 | 18.96 | 86.8 | 2184.34 | 6.70 | 93.64 | 900.0 | 0.20 | 17.65 | -48.72 | 34.92 | 6.3 | 222.44 | 181.09 | -10.48 | 8.99 | 105.67 | 25.4 | 131.7 | -5.67 | -136.07 | -101.31 | 20.26 | -8.41 | -6.03 |
| 21Q3 (8) | 1.66 | 67.68 | 0 | 40.23 | 4.98 | 0 | 15.55 | -0.38 | 0 | 18.44 | 27.61 | 0 | 18.81 | 44.03 | 0 | 10.15 | 58.84 | 0 | 3.46 | 51.75 | 0 | 0.17 | 6.25 | 0 | 32.85 | 12.65 | 0 | 202.28 | -6.76 | 0 | 84.27 | -22.21 | 0 | 15.73 | 288.76 | 0 | 22.12 | -9.97 | 0 |
| 21Q2 (7) | 0.99 | -47.89 | 0 | 38.32 | -20.84 | 0 | 15.61 | -39.59 | 0 | 14.45 | -42.41 | 0 | 13.06 | -42.89 | 0 | 6.39 | -48.55 | 0 | 2.28 | -51.49 | 0 | 0.16 | -20.0 | 0 | 29.16 | -23.74 | 0 | 216.95 | 20.86 | 0 | 108.33 | 4.66 | 0 | -8.33 | -216.67 | 0 | 24.57 | 4.51 | 0 |
| 21Q1 (6) | 1.90 | 1361.54 | 0 | 48.41 | 62.67 | 0 | 25.84 | 410.67 | 0 | 25.09 | 1729.22 | 0 | 22.87 | 2469.66 | 0 | 12.42 | 1396.39 | 0 | 4.70 | 601.49 | 0 | 0.20 | -48.72 | 0 | 38.24 | 253.09 | 0 | 179.50 | 8.03 | 0 | 103.51 | 131.05 | 0 | -2.63 | -100.61 | 0 | 23.51 | 9.04 | 0 |
| 20Q4 (5) | 0.13 | 0 | 0 | 29.76 | 0 | 0 | 5.06 | 0 | 0 | -1.54 | 0 | 0 | 0.89 | 0 | 0 | 0.83 | 0 | 0 | 0.67 | 0 | 0 | 0.39 | 0 | 0 | 10.83 | 0 | 0 | 166.15 | 0 | 0 | -333.33 | 0 | 0 | 433.33 | 0 | 0 | 21.56 | 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) | 4.79 | -56.89 | 35.75 | -19.45 | 13.85 | -45.81 | 15.51 | 41.76 | 12.35 | -51.87 | 12.29 | -44.41 | 9.67 | -66.76 | 6.41 | -57.8 | 0.48 | -27.27 | 30.61 | -21.33 | 58.39 | -16.93 | 112.16 | 12.64 | -12.16 | 0 | 2.07 | -25.29 | 27.01 | 30.8 |
| 2022 (9) | 11.11 | 36.99 | 44.38 | 3.86 | 25.56 | 23.54 | 10.94 | 1.38 | 25.66 | 24.68 | 22.11 | -2.08 | 29.09 | -36.09 | 15.19 | -11.74 | 0.66 | -9.59 | 38.91 | 14.41 | 70.29 | -61.19 | 99.58 | -0.91 | 0.42 | 0 | 2.78 | -40.49 | 20.65 | -7.73 |
| 2021 (8) | 8.11 | 245.11 | 42.73 | 18.53 | 20.69 | 95.37 | 10.79 | 7.66 | 20.58 | 171.5 | 22.58 | 169.13 | 45.52 | 199.47 | 17.21 | 150.51 | 0.73 | -3.95 | 34.01 | 69.04 | 181.09 | 8.99 | 100.50 | -28.04 | -0.50 | 0 | 4.67 | -37.83 | 22.38 | -5.09 |
| 2020 (7) | 2.35 | -60.03 | 36.05 | -16.08 | 10.59 | -38.96 | 10.03 | -4.17 | 7.58 | -53.04 | 8.39 | -60.9 | 15.20 | -66.39 | 6.87 | -68.86 | 0.76 | -24.75 | 20.12 | -30.48 | 166.15 | 46.17 | 139.66 | 30.34 | -39.66 | 0 | 7.51 | 0 | 23.58 | 7.57 |
| 2019 (6) | 5.88 | 59.35 | 42.96 | 0.77 | 17.35 | -19.49 | 10.46 | 30.35 | 16.14 | -23.18 | 21.46 | -17.75 | 45.23 | 2.42 | 22.06 | -5.61 | 1.01 | 14.77 | 28.94 | -2.69 | 113.67 | 9.85 | 107.14 | 4.53 | -7.56 | 0 | 0.00 | 0 | 21.92 | -22.9 |
| 2018 (5) | 3.69 | 226.55 | 42.63 | 17.02 | 21.55 | 153.83 | 8.03 | -26.99 | 21.01 | 153.13 | 26.09 | 103.67 | 44.16 | 0 | 23.37 | 0 | 0.88 | 0 | 29.74 | 49.67 | 103.48 | 33.92 | 102.50 | -0.06 | -2.50 | 0 | 0.00 | 0 | 28.43 | -17.9 |
| 2017 (4) | 1.13 | 0 | 36.43 | 0 | 8.49 | 0 | 10.99 | 0 | 8.30 | 0 | 12.81 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 19.87 | 0 | 77.27 | 0 | 102.56 | 0 | -2.56 | 0 | 0.00 | 0 | 34.63 | 0 |
