- 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) | 0.54 | -22.86 | -51.35 | 20.74 | -5.43 | -27.66 | 6.11 | -24.94 | -55.53 | 6.72 | -24.32 | -53.85 | 5.19 | -25.43 | -55.18 | 2.66 | -18.9 | -52.92 | 1.54 | -22.22 | -56.98 | 0.29 | 3.57 | -6.45 | 11.22 | -17.5 | -41.07 | 69.82 | -21.02 | 30.77 | 90.58 | -0.82 | -4.05 | 8.90 | 7.7 | 58.94 | 10.93 | -6.34 | -5.2 |
| 24Q2 (19) | 0.70 | -24.73 | -16.67 | 21.93 | -17.43 | -12.63 | 8.14 | -32.73 | -19.17 | 8.88 | -24.43 | -17.85 | 6.96 | -27.35 | -23.52 | 3.28 | -22.82 | -23.72 | 1.98 | -28.78 | -29.54 | 0.28 | -3.45 | -9.68 | 13.60 | -18.07 | -11.29 | 88.40 | 66.6 | 36.17 | 91.32 | -11.29 | -2.13 | 8.26 | 380.99 | 23.51 | 11.67 | 0.86 | -1.77 |
| 24Q1 (18) | 0.93 | -24.39 | 111.36 | 26.56 | -3.63 | 28.81 | 12.10 | -13.69 | 107.19 | 11.75 | -20.82 | 81.89 | 9.58 | -21.09 | 102.11 | 4.25 | -27.84 | 95.85 | 2.78 | -27.23 | 87.84 | 0.29 | -6.45 | -6.45 | 16.60 | -14.17 | 50.36 | 53.06 | -6.29 | 20.21 | 102.94 | 8.9 | 14.3 | -2.94 | -153.74 | -131.57 | 11.57 | 0.52 | -2.69 |
| 23Q4 (17) | 1.23 | 10.81 | 156.25 | 27.56 | -3.87 | 50.6 | 14.02 | 2.04 | 132.89 | 14.84 | 1.92 | 120.51 | 12.14 | 4.84 | 153.44 | 5.89 | 4.25 | 139.43 | 3.82 | 6.7 | 132.93 | 0.31 | 0.0 | -8.82 | 19.34 | 1.58 | 78.41 | 56.62 | 6.05 | 4.68 | 94.53 | 0.13 | 5.41 | 5.47 | -2.27 | -47.0 | 11.51 | -0.17 | 17.45 |
| 23Q3 (16) | 1.11 | 32.14 | 98.21 | 28.67 | 14.22 | 45.39 | 13.74 | 36.44 | 87.19 | 14.56 | 34.69 | 81.55 | 11.58 | 27.25 | 88.29 | 5.65 | 31.4 | 89.6 | 3.58 | 27.4 | 86.46 | 0.31 | 0.0 | 0.0 | 19.04 | 24.2 | 53.3 | 53.39 | -17.76 | 5.22 | 94.40 | 1.17 | 3.12 | 5.60 | -16.31 | -33.79 | 11.53 | -2.95 | 2.4 |
| 23Q2 (15) | 0.84 | 90.91 | 29.23 | 25.10 | 21.73 | 8.14 | 10.07 | 72.43 | -8.95 | 10.81 | 67.34 | 10.64 | 9.10 | 91.98 | 26.92 | 4.30 | 98.16 | 32.31 | 2.81 | 89.86 | 28.9 | 0.31 | 0.0 | 3.33 | 15.33 | 38.86 | 7.43 | 64.92 | 47.08 | 2.59 | 93.31 | 3.6 | -17.75 | 6.69 | -28.18 | 151.37 | 11.88 | -0.08 | 0.42 |
| 23Q1 (14) | 0.44 | -8.33 | -48.84 | 20.62 | 12.68 | -22.57 | 5.84 | -2.99 | -48.68 | 6.46 | -4.01 | -45.39 | 4.74 | -1.04 | -49.57 | 2.17 | -11.79 | -47.84 | 1.48 | -9.76 | -49.14 | 0.31 | -8.82 | 0.0 | 11.04 | 1.85 | -32.27 | 44.14 | -18.4 | 12.6 | 90.06 | 0.43 | -6.37 | 9.32 | -9.77 | 144.78 | 11.89 | 21.33 | -1.82 |
| 22Q4 (13) | 0.48 | -14.29 | -47.83 | 18.30 | -7.2 | -22.06 | 6.02 | -17.98 | -40.1 | 6.73 | -16.08 | -37.51 | 4.79 | -22.11 | -45.51 | 2.46 | -17.45 | -44.72 | 1.64 | -14.58 | -43.06 | 0.34 | 9.68 | 6.25 | 10.84 | -12.72 | -27.3 | 54.09 | 6.6 | 11.09 | 89.67 | -2.04 | -3.92 | 10.33 | 22.09 | 54.89 | 9.80 | -12.97 | -11.71 |
| 22Q3 (12) | 0.56 | -13.85 | -12.5 | 19.72 | -15.04 | -15.22 | 7.34 | -33.63 | -13.44 | 8.02 | -17.91 | -10.79 | 6.15 | -14.23 | -13.74 | 2.98 | -8.31 | -17.45 | 1.92 | -11.93 | -3.03 | 0.31 | 3.33 | 14.81 | 12.42 | -12.96 | -10.65 | 50.74 | -19.82 | -21.62 | 91.54 | -19.31 | -3.13 | 8.46 | 164.93 | 53.78 | 11.26 | -4.82 | -11.82 |
| 22Q2 (11) | 0.65 | -24.42 | -47.58 | 23.21 | -12.84 | -18.53 | 11.06 | -2.81 | -23.09 | 9.77 | -17.41 | -35.64 | 7.17 | -23.72 | -43.23 | 3.25 | -21.88 | -56.72 | 2.18 | -25.09 | -45.23 | 0.30 | -3.23 | -3.23 | 14.27 | -12.45 | -27.19 | 63.28 | 61.43 | -44.16 | 113.45 | 17.93 | 19.95 | -13.03 | -442.21 | -340.32 | 11.83 | -2.31 | -3.66 |
| 22Q1 (10) | 0.86 | -6.52 | -43.42 | 26.63 | 13.42 | -18.84 | 11.38 | 13.23 | -32.02 | 11.83 | 9.84 | -29.33 | 9.40 | 6.94 | -34.68 | 4.16 | -6.52 | -52.4 | 2.91 | 1.04 | -41.45 | 0.31 | -3.13 | -8.82 | 16.30 | 9.32 | -22.12 | 39.20 | -19.49 | -44.57 | 96.19 | 3.06 | -3.58 | 3.81 | -42.91 | 0 | 12.11 | 9.1 | 3.42 |
| 21Q4 (9) | 0.92 | 43.75 | -35.66 | 23.48 | 0.95 | -25.74 | 10.05 | 18.51 | -25.72 | 10.77 | 19.8 | -27.96 | 8.79 | 23.28 | -32.44 | 4.45 | 23.27 | -50.5 | 2.88 | 45.45 | -38.46 | 0.32 | 18.52 | -11.11 | 14.91 | 7.27 | -21.81 | 48.69 | -24.79 | -42.56 | 93.33 | -1.23 | 3.08 | 6.67 | 21.21 | -29.47 | 11.10 | -13.08 | -14.48 |
| 21Q3 (8) | 0.64 | -48.39 | -68.63 | 23.26 | -18.36 | -26.23 | 8.48 | -41.03 | -42.66 | 8.99 | -40.78 | -60.9 | 7.13 | -43.55 | -65.27 | 3.61 | -51.93 | -75.46 | 1.98 | -50.25 | -70.31 | 0.27 | -12.9 | -15.62 | 13.90 | -29.08 | -49.86 | 64.74 | -42.87 | -38.61 | 94.50 | -0.08 | 46.85 | 5.50 | 1.47 | -84.57 | 12.77 | 3.99 | -3.98 |
| 21Q2 (7) | 1.24 | -18.42 | -17.33 | 28.49 | -13.17 | -13.17 | 14.38 | -14.1 | -18.89 | 15.18 | -9.32 | -11.95 | 12.63 | -12.23 | -11.99 | 7.51 | -14.07 | -35.15 | 3.98 | -19.92 | -17.43 | 0.31 | -8.82 | -6.06 | 19.60 | -6.35 | -11.71 | 113.32 | 60.24 | -21.43 | 94.58 | -5.2 | -8.13 | 5.42 | 0 | 298.74 | 12.28 | 4.87 | 7.62 |
| 21Q1 (6) | 1.52 | 6.29 | 0 | 32.81 | 3.76 | 0 | 16.74 | 23.73 | 0 | 16.74 | 11.97 | 0 | 14.39 | 10.61 | 0 | 8.74 | -2.78 | 0 | 4.97 | 6.2 | 0 | 0.34 | -5.56 | 0 | 20.93 | 9.75 | 0 | 70.72 | -16.57 | 0 | 99.77 | 10.19 | 0 | 0.00 | -100.0 | 0 | 11.71 | -9.78 | 0 |
| 20Q4 (5) | 1.43 | -29.9 | 0 | 31.62 | 0.29 | 0 | 13.53 | -8.52 | 0 | 14.95 | -34.97 | 0 | 13.01 | -36.63 | 0 | 8.99 | -38.89 | 0 | 4.68 | -29.84 | 0 | 0.36 | 12.5 | 0 | 19.07 | -31.2 | 0 | 84.77 | -19.62 | 0 | 90.55 | 40.71 | 0 | 9.45 | -73.49 | 0 | 12.98 | -2.41 | 0 |
| 20Q3 (4) | 2.04 | 36.0 | 0.0 | 31.53 | -3.9 | 0.0 | 14.79 | -16.58 | 0.0 | 22.99 | 33.35 | 0.0 | 20.53 | 43.07 | 0.0 | 14.71 | 27.03 | 0.0 | 6.67 | 38.38 | 0.0 | 0.32 | -3.03 | 0.0 | 27.72 | 24.86 | 0.0 | 105.46 | -26.88 | 0.0 | 64.35 | -37.5 | 0.0 | 35.65 | 1407.19 | 0.0 | 13.30 | 16.56 | 0.0 |
| 20Q2 (3) | 1.50 | 0 | 0.0 | 32.81 | 0 | 0.0 | 17.73 | 0 | 0.0 | 17.24 | 0 | 0.0 | 14.35 | 0 | 0.0 | 11.58 | 0 | 0.0 | 4.82 | 0 | 0.0 | 0.33 | 0 | 0.0 | 22.20 | 0 | 0.0 | 144.23 | 0 | 0.0 | 102.95 | 0 | 0.0 | -2.73 | 0 | 0.0 | 11.41 | 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) | 3.62 | 41.96 | 25.56 | 17.03 | 11.01 | 24.41 | 4.42 | 3.42 | 11.76 | 30.52 | 9.47 | 39.06 | 17.59 | 36.67 | 11.40 | 32.71 | 1.20 | -4.0 | 16.28 | 21.77 | 56.62 | 4.68 | 93.62 | -4.71 | 6.38 | 263.63 | 0.00 | 0 | 11.70 | 4.37 |
| 2022 (9) | 2.55 | -39.86 | 21.84 | -19.41 | 8.85 | -29.26 | 4.28 | 1.43 | 9.01 | -30.8 | 6.81 | -37.12 | 12.87 | -43.35 | 8.59 | -38.56 | 1.25 | -2.34 | 13.37 | -23.16 | 54.09 | 11.09 | 98.25 | 2.22 | 1.75 | -54.84 | 0.00 | 0 | 11.21 | -6.04 |
| 2021 (8) | 4.24 | -30.72 | 27.10 | -15.02 | 12.51 | -17.86 | 4.22 | -4.28 | 13.02 | -24.57 | 10.83 | -26.77 | 22.72 | -46.67 | 13.98 | -28.75 | 1.28 | -2.29 | 17.40 | -20.95 | 48.69 | -42.56 | 96.11 | 8.86 | 3.89 | -66.82 | 0.00 | 0 | 11.93 | -2.21 |
| 2020 (7) | 6.12 | 218.75 | 31.89 | 42.49 | 15.23 | 106.37 | 4.40 | -6.88 | 17.26 | 173.1 | 14.79 | 224.34 | 42.60 | 145.25 | 19.62 | 221.64 | 1.31 | 4.8 | 22.01 | 90.89 | 84.77 | -50.2 | 88.29 | -24.42 | 11.71 | 0 | 0.00 | 0 | 12.20 | 12.96 |
| 2019 (6) | 1.92 | 170.42 | 22.38 | 44.57 | 7.38 | 192.86 | 4.73 | 22.75 | 6.32 | 211.33 | 4.56 | 198.04 | 17.37 | 142.26 | 6.10 | 154.17 | 1.25 | -3.85 | 11.53 | 81.0 | 170.21 | -30.99 | 116.82 | -6.07 | -16.82 | 0 | 0.00 | 0 | 10.80 | 7.04 |
| 2018 (5) | 0.71 | 195.83 | 15.48 | -8.99 | 2.52 | 176.92 | 3.85 | -12.83 | 2.03 | 109.28 | 1.53 | 178.18 | 7.17 | 0 | 2.40 | 0 | 1.30 | 0 | 6.37 | 5.81 | 246.63 | -10.31 | 124.37 | 31.98 | -24.37 | 0 | 0.00 | 0 | 10.09 | -14.42 |
| 2017 (4) | 0.24 | 0 | 17.01 | 0 | 0.91 | 0 | 4.42 | 0 | 0.97 | 0 | 0.55 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 6.02 | 0 | 274.97 | 0 | 94.23 | 0 | 5.77 | 0 | 0.00 | 0 | 11.79 | 0 |
