- 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) | 1.82 | 35.82 | 766.67 | 36.10 | 21.75 | 159.15 | 25.24 | 29.17 | 938.68 | 25.65 | 27.87 | 775.43 | 20.95 | 21.31 | 470.84 | 3.35 | 33.47 | 717.07 | 2.40 | 34.08 | 605.88 | 0.11 | 10.0 | 57.14 | 50.05 | -2.57 | 0.93 | 40.43 | -13.13 | -23.51 | 98.30 | 0.97 | 17.96 | 1.56 | -41.03 | -90.65 | 24.51 | 1.45 | 3.81 |
| 24Q2 (19) | 1.34 | 135.09 | 135.09 | 29.65 | 49.45 | 56.46 | 19.54 | 102.28 | 145.17 | 20.06 | 94.0 | 140.82 | 17.27 | 100.35 | 86.3 | 2.51 | 130.28 | 134.58 | 1.79 | 123.75 | 138.67 | 0.10 | 25.0 | 42.86 | 51.37 | 0.14 | -0.29 | 46.54 | 0.34 | -22.92 | 97.36 | 4.04 | 1.78 | 2.64 | -58.86 | -39.23 | 24.16 | 6.71 | 0.42 |
| 24Q1 (18) | 0.57 | 470.0 | 137.5 | 19.84 | 71.48 | -15.79 | 9.66 | 6540.0 | 87.21 | 10.34 | 4823.81 | 70.63 | 8.62 | 401.16 | 77.73 | 1.09 | 473.68 | 136.96 | 0.80 | 300.0 | 142.42 | 0.08 | 14.29 | 33.33 | 51.30 | 6.56 | 16.78 | 46.38 | -9.75 | -22.29 | 93.58 | 224.77 | 9.55 | 6.42 | -96.33 | -55.96 | 22.64 | -3.86 | -19.97 |
| 23Q4 (17) | 0.10 | -52.38 | -87.18 | 11.57 | -16.94 | -58.8 | -0.15 | -106.17 | -101.27 | 0.21 | -92.83 | -98.26 | 1.72 | -53.13 | -86.1 | 0.19 | -53.66 | -86.52 | 0.20 | -41.18 | -80.0 | 0.07 | 0.0 | -12.5 | 48.14 | -2.92 | 12.35 | 51.39 | -2.78 | -0.35 | -75.00 | -190.0 | -176.99 | 175.00 | 950.0 | 6666.67 | 23.55 | -0.25 | 0.73 |
| 23Q3 (16) | 0.21 | -63.16 | -82.64 | 13.93 | -26.49 | -61.33 | 2.43 | -69.51 | -88.26 | 2.93 | -64.83 | -86.4 | 3.67 | -60.41 | -78.71 | 0.41 | -61.68 | -82.33 | 0.34 | -54.67 | -79.64 | 0.07 | 0.0 | -30.0 | 49.59 | -3.75 | 3.14 | 52.86 | -12.45 | 48.73 | 83.33 | -12.88 | -13.21 | 16.67 | 283.33 | 318.42 | 23.61 | -1.87 | 0.34 |
| 23Q2 (15) | 0.57 | 137.5 | -73.11 | 18.95 | -19.57 | -55.14 | 7.97 | 54.46 | -72.71 | 8.33 | 37.46 | -71.7 | 9.27 | 91.13 | -60.64 | 1.07 | 132.61 | -77.98 | 0.75 | 127.27 | -76.19 | 0.07 | 16.67 | -46.15 | 51.52 | 17.28 | -0.06 | 60.38 | 1.17 | 35.93 | 95.65 | 11.98 | -3.61 | 4.35 | -70.19 | 465.22 | 24.06 | -14.95 | 2.6 |
| 23Q1 (14) | 0.24 | -69.23 | -86.52 | 23.56 | -16.1 | -37.95 | 5.16 | -56.23 | -80.59 | 6.06 | -49.83 | -77.25 | 4.85 | -60.79 | -78.71 | 0.46 | -67.38 | -91.93 | 0.33 | -67.0 | -90.12 | 0.06 | -25.0 | -60.0 | 43.93 | 2.52 | -15.52 | 59.68 | 15.73 | -18.1 | 85.42 | -12.32 | -14.3 | 14.58 | 463.89 | 8825.0 | 28.29 | 21.0 | 17.97 |
| 22Q4 (13) | 0.78 | -35.54 | -56.18 | 28.08 | -22.04 | -25.46 | 11.79 | -43.04 | -56.86 | 12.08 | -43.94 | -55.73 | 12.37 | -28.25 | -43.33 | 1.41 | -39.22 | -76.54 | 1.00 | -40.12 | -72.45 | 0.08 | -20.0 | -52.94 | 42.85 | -10.88 | -17.02 | 51.57 | 45.1 | -25.51 | 97.41 | 1.45 | -2.74 | 2.59 | -35.07 | 1781.03 | 23.38 | -0.64 | 3.27 |
| 22Q3 (12) | 1.21 | -42.92 | -56.47 | 36.02 | -14.73 | -20.43 | 20.70 | -29.13 | -42.07 | 21.55 | -26.78 | -39.53 | 17.24 | -26.79 | -39.55 | 2.32 | -52.26 | -76.47 | 1.67 | -46.98 | -72.35 | 0.10 | -23.08 | -52.38 | 48.08 | -6.73 | -13.56 | 35.54 | -19.99 | -43.83 | 96.02 | -3.24 | -4.17 | 3.98 | 417.82 | 2127.46 | 23.53 | 0.34 | 11.46 |
| 22Q2 (11) | 2.12 | 19.1 | 34.18 | 42.24 | 11.25 | 17.14 | 29.21 | 9.89 | 8.15 | 29.43 | 10.47 | 9.65 | 23.55 | 3.38 | 9.18 | 4.86 | -14.74 | -16.92 | 3.15 | -5.69 | -10.76 | 0.13 | -13.33 | -18.75 | 51.55 | -0.87 | 4.61 | 44.42 | -39.04 | -30.98 | 99.23 | -0.44 | -1.46 | 0.77 | 370.77 | 210.38 | 23.45 | -2.21 | 0.26 |
| 22Q1 (10) | 1.78 | 0.0 | 40.16 | 37.97 | 0.8 | 3.26 | 26.58 | -2.74 | -4.15 | 26.64 | -2.38 | -4.69 | 22.78 | 4.35 | 1.88 | 5.70 | -5.16 | 15.15 | 3.34 | -7.99 | 10.96 | 0.15 | -11.76 | 15.38 | 52.00 | 0.7 | 6.97 | 72.87 | 5.26 | 6.13 | 99.67 | -0.48 | 0.54 | 0.16 | 206.21 | -81.13 | 23.98 | 5.92 | -3.23 |
| 21Q4 (9) | 1.78 | -35.97 | 16.34 | 37.67 | -16.79 | 1.78 | 27.33 | -23.51 | -2.46 | 27.29 | -23.43 | -2.29 | 21.83 | -23.46 | -13.54 | 6.01 | -39.05 | -4.75 | 3.63 | -39.9 | -10.81 | 0.17 | -19.05 | 6.25 | 51.64 | -7.16 | 16.28 | 69.23 | 9.42 | 12.31 | 100.15 | -0.04 | -0.25 | -0.15 | 21.69 | 62.15 | 22.64 | 7.25 | -19.89 |
| 21Q3 (8) | 2.78 | 75.95 | 55.31 | 45.27 | 25.54 | -1.01 | 35.73 | 32.28 | -3.09 | 35.64 | 32.79 | -3.23 | 28.52 | 32.22 | -3.19 | 9.86 | 68.55 | 13.59 | 6.04 | 71.1 | -4.73 | 0.21 | 31.25 | 0.0 | 55.62 | 12.87 | 17.0 | 63.27 | -1.69 | 29.49 | 100.20 | -0.5 | 0.04 | -0.20 | 71.81 | -28.09 | 21.11 | -9.75 | -18.11 |
| 21Q2 (7) | 1.58 | 24.41 | 0 | 36.06 | -1.93 | 0 | 27.01 | -2.6 | 0 | 26.84 | -3.97 | 0 | 21.57 | -3.53 | 0 | 5.85 | 18.18 | 0 | 3.53 | 17.28 | 0 | 0.16 | 23.08 | 0 | 49.28 | 1.38 | 0 | 64.36 | -6.26 | 0 | 100.70 | 1.58 | 0 | -0.70 | -180.49 | 0 | 23.39 | -5.61 | 0 |
| 21Q1 (6) | 1.27 | -16.99 | 0 | 36.77 | -0.65 | 0 | 27.73 | -1.03 | 0 | 27.95 | 0.07 | 0 | 22.36 | -11.45 | 0 | 4.95 | -21.55 | 0 | 3.01 | -26.04 | 0 | 0.13 | -18.75 | 0 | 48.61 | 9.46 | 0 | 68.66 | 11.39 | 0 | 99.13 | -1.27 | 0 | 0.87 | 312.99 | 0 | 24.78 | -12.31 | 0 |
| 20Q4 (5) | 1.53 | -14.53 | 0 | 37.01 | -19.07 | 0 | 28.02 | -24.0 | 0 | 27.93 | -24.17 | 0 | 25.25 | -14.29 | 0 | 6.31 | -27.3 | 0 | 4.07 | -35.8 | 0 | 0.16 | -23.81 | 0 | 44.41 | -6.58 | 0 | 61.64 | 26.16 | 0 | 100.41 | 0.25 | 0 | -0.41 | -165.04 | 0 | 28.26 | 9.62 | 0 |
| 20Q3 (4) | 1.79 | 0 | 0.0 | 45.73 | 0 | 0.0 | 36.87 | 0 | 0.0 | 36.83 | 0 | 0.0 | 29.46 | 0 | 0.0 | 8.68 | 0 | 0.0 | 6.34 | 0 | 0.0 | 0.21 | 0 | 0.0 | 47.54 | 0 | 0.0 | 48.86 | 0 | 0.0 | 100.15 | 0 | 0.0 | -0.15 | 0 | 0.0 | 25.78 | 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) | 1.13 | -80.52 | 16.78 | -54.23 | 3.84 | -83.15 | 42.52 | 66.06 | 4.36 | -81.16 | 4.92 | -74.7 | 2.12 | -84.5 | 1.69 | -80.64 | 0.29 | -35.56 | 48.50 | -1.0 | 51.39 | -0.35 | 88.25 | -10.42 | 11.75 | 670.83 | 0.21 | 5.74 | 24.74 | 4.87 |
| 2022 (9) | 5.80 | -21.73 | 36.66 | -7.26 | 22.79 | -23.98 | 25.60 | 18.61 | 23.14 | -22.74 | 19.45 | -18.89 | 13.68 | -48.82 | 8.73 | -46.11 | 0.45 | -32.84 | 48.99 | -5.39 | 51.57 | -25.51 | 98.52 | -1.59 | 1.52 | 0 | 0.20 | 17.88 | 23.59 | 3.78 |
| 2021 (8) | 7.41 | 3.2 | 39.53 | -11.72 | 29.98 | -18.53 | 21.59 | 98.85 | 29.95 | -18.59 | 23.98 | -20.33 | 26.73 | -20.28 | 16.20 | -30.02 | 0.67 | -12.99 | 51.78 | 8.3 | 69.23 | 12.31 | 100.11 | 0.07 | -0.11 | 0 | 0.17 | 116.71 | 22.73 | -13.84 |
| 2020 (7) | 7.18 | 240.28 | 44.78 | 32.52 | 36.80 | 73.91 | 10.86 | -36.33 | 36.79 | 68.07 | 30.10 | 66.48 | 33.53 | 182.24 | 23.15 | 131.27 | 0.77 | 40.0 | 47.81 | 21.62 | 61.64 | 181.08 | 100.04 | 3.38 | -0.04 | 0 | 0.08 | 0 | 26.38 | -15.8 |
| 2019 (6) | 2.11 | 48.59 | 33.79 | 17.9 | 21.16 | 20.71 | 17.05 | -11.93 | 21.89 | 18.26 | 18.08 | 20.53 | 11.88 | 50.76 | 10.01 | 44.86 | 0.55 | 19.57 | 39.31 | 3.37 | 21.93 | 30.61 | 96.77 | 2.19 | 3.36 | -36.57 | 0.00 | 0 | 31.33 | -2.82 |
| 2018 (5) | 1.42 | 100.0 | 28.66 | 45.11 | 17.53 | 109.44 | 19.36 | -29.93 | 18.51 | 110.34 | 15.00 | 82.04 | 7.88 | 0 | 6.91 | 0 | 0.46 | 0 | 38.03 | 3.57 | 16.79 | 47.15 | 94.70 | -0.37 | 5.30 | 7.05 | 0.00 | 0 | 32.24 | 4.61 |
| 2017 (4) | 0.71 | 0 | 19.75 | 0 | 8.37 | 0 | 27.63 | 0 | 8.80 | 0 | 8.24 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 36.72 | 0 | 11.41 | 0 | 95.05 | 0 | 4.95 | 0 | 0.00 | 0 | 30.82 | 0 |
