- 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) | 1.20 | 17.65 | 21.21 | 32.71 | -18.47 | -6.57 | 13.77 | -9.41 | -11.16 | 16.54 | -2.01 | -0.12 | 13.69 | -0.07 | 5.23 | 5.60 | 11.55 | 16.42 | 3.42 | 17.12 | 12.5 | 0.25 | 19.05 | 8.7 | 19.67 | -1.01 | 0.87 | 61.89 | -8.01 | 5.43 | 83.33 | -9.72 | -13.33 | 16.67 | 44.44 | 116.67 | 15.13 | -27.43 | 9.4 |
| 24Q2 (19) | 1.02 | -17.74 | 3.03 | 40.12 | 4.62 | -3.84 | 15.20 | -6.4 | -11.21 | 16.88 | -24.07 | -11.62 | 13.70 | -22.56 | -8.91 | 5.02 | -15.49 | 7.04 | 2.92 | -16.81 | -7.01 | 0.21 | 5.0 | 0.0 | 19.87 | -23.13 | -11.53 | 67.28 | -14.94 | 13.27 | 92.31 | 26.92 | 0.0 | 11.54 | -57.69 | 0.0 | 20.85 | 18.13 | 0.63 |
| 24Q1 (18) | 1.24 | 29.17 | 34.78 | 38.35 | -16.12 | -5.24 | 16.24 | 82.88 | -6.77 | 22.23 | 87.44 | 17.31 | 17.69 | 57.52 | 17.54 | 5.94 | 34.09 | 40.09 | 3.51 | 26.26 | 24.47 | 0.20 | -20.0 | 5.26 | 25.85 | 76.93 | 14.08 | 79.10 | 27.03 | 93.12 | 72.73 | -4.55 | -20.66 | 27.27 | 14.55 | 227.27 | 17.65 | -45.14 | -5.82 |
| 23Q4 (17) | 0.96 | -3.03 | -20.0 | 45.72 | 30.59 | -2.33 | 8.88 | -42.71 | -41.73 | 11.86 | -28.38 | -29.57 | 11.23 | -13.68 | -20.01 | 4.43 | -7.9 | -26.17 | 2.78 | -8.55 | -24.04 | 0.25 | 8.7 | -3.85 | 14.61 | -25.08 | -26.95 | 62.27 | 6.08 | 0.86 | 76.19 | -20.76 | -14.29 | 23.81 | 209.52 | 114.29 | 32.17 | 132.61 | 23.16 |
| 23Q3 (16) | 0.99 | 0.0 | -13.91 | 35.01 | -16.08 | -15.78 | 15.50 | -9.46 | -13.02 | 16.56 | -13.3 | -12.52 | 13.01 | -13.5 | -11.98 | 4.81 | 2.56 | -33.19 | 3.04 | -3.18 | -22.45 | 0.23 | 9.52 | -11.54 | 19.50 | -13.18 | -12.87 | 58.70 | -1.18 | -16.73 | 96.15 | 4.17 | 3.85 | 7.69 | -33.33 | 3.85 | 13.83 | -33.25 | -12.41 |
| 23Q2 (15) | 0.99 | 7.61 | 7.61 | 41.72 | 3.09 | 2.31 | 17.12 | -1.72 | -0.23 | 19.10 | 0.79 | 7.97 | 15.04 | -0.07 | 7.12 | 4.69 | 10.61 | -15.65 | 3.14 | 11.35 | 8.28 | 0.21 | 10.53 | 5.0 | 22.46 | -0.88 | 4.51 | 59.40 | 45.02 | -42.12 | 92.31 | 0.7 | -7.69 | 11.54 | 38.46 | 142.31 | 20.72 | 10.57 | 18.6 |
| 23Q1 (14) | 0.92 | -23.33 | 43.75 | 40.47 | -13.54 | 22.9 | 17.42 | 14.3 | 43.97 | 18.95 | 12.53 | 39.03 | 15.05 | 7.19 | 41.71 | 4.24 | -29.33 | 15.85 | 2.82 | -22.95 | 41.0 | 0.19 | -26.92 | 5.56 | 22.66 | 13.3 | 25.75 | 40.96 | -33.66 | -54.23 | 91.67 | 3.13 | 5.77 | 8.33 | -25.0 | -37.5 | 18.74 | -28.25 | 6.72 |
| 22Q4 (13) | 1.20 | 4.35 | 8.11 | 46.81 | 12.61 | 7.71 | 15.24 | -14.48 | 9.88 | 16.84 | -11.04 | 17.03 | 14.04 | -5.01 | 22.94 | 6.00 | -16.67 | -10.31 | 3.66 | -6.63 | -4.69 | 0.26 | 0.0 | -21.21 | 20.00 | -10.63 | 19.33 | 61.74 | -12.41 | -27.81 | 88.89 | -4.0 | -7.56 | 11.11 | 50.0 | 188.89 | 26.12 | 65.42 | 4.02 |
| 22Q3 (12) | 1.15 | 25.0 | -23.33 | 41.57 | 1.94 | -15.92 | 17.82 | 3.85 | -37.93 | 18.93 | 7.01 | -33.58 | 14.78 | 5.27 | -34.77 | 7.20 | 29.5 | -19.1 | 3.92 | 35.17 | -27.54 | 0.26 | 30.0 | 8.33 | 22.38 | 4.14 | -30.0 | 70.49 | -31.31 | 3.56 | 92.59 | -7.41 | -7.41 | 7.41 | 55.56 | 0 | 15.79 | -9.62 | -9.15 |
| 22Q2 (11) | 0.92 | 43.75 | 21.05 | 40.78 | 23.84 | -20.94 | 17.16 | 41.82 | -24.84 | 17.69 | 29.79 | -15.8 | 14.04 | 32.2 | -15.78 | 5.56 | 51.91 | 26.08 | 2.90 | 45.0 | 5.84 | 0.20 | 11.11 | 25.0 | 21.49 | 19.26 | -17.95 | 102.62 | 14.66 | 56.15 | 100.00 | 15.38 | -5.26 | 4.76 | -64.29 | 142.86 | 17.47 | -0.51 | -24.86 |
| 22Q1 (10) | 0.64 | -42.34 | 36.17 | 32.93 | -24.23 | -17.14 | 12.10 | -12.76 | 3.15 | 13.63 | -5.28 | 6.48 | 10.62 | -7.01 | 5.67 | 3.66 | -45.29 | 30.25 | 2.00 | -47.92 | 16.28 | 0.18 | -45.45 | 5.88 | 18.02 | 7.52 | 3.33 | 89.50 | 4.64 | 41.06 | 86.67 | -9.87 | -4.67 | 13.33 | 246.67 | 46.67 | 17.56 | -30.07 | -25.15 |
| 21Q4 (9) | 1.11 | -26.0 | -55.78 | 43.46 | -12.1 | -6.4 | 13.87 | -51.69 | -29.7 | 14.39 | -49.51 | -31.38 | 11.42 | -49.6 | -36.52 | 6.69 | -24.83 | -59.01 | 3.84 | -29.02 | -56.16 | 0.33 | 37.5 | -31.25 | 16.76 | -47.58 | -32.42 | 85.53 | 25.65 | 15.69 | 96.15 | -3.85 | 2.04 | 3.85 | 0 | -33.33 | 25.11 | 44.48 | 0 |
| 21Q3 (8) | 1.50 | 97.37 | 0 | 49.44 | -4.15 | 0 | 28.71 | 25.76 | 0 | 28.50 | 35.65 | 0 | 22.66 | 35.93 | 0 | 8.90 | 101.81 | 0 | 5.41 | 97.45 | 0 | 0.24 | 50.0 | 0 | 31.97 | 22.07 | 0 | 68.07 | 3.58 | 0 | 100.00 | -5.26 | 0 | 0.00 | 100.0 | 0 | 17.38 | -25.25 | 0 |
| 21Q2 (7) | 0.76 | 61.7 | 0 | 51.58 | 29.79 | 0 | 22.83 | 94.63 | 0 | 21.01 | 64.14 | 0 | 16.67 | 65.87 | 0 | 4.41 | 56.94 | 0 | 2.74 | 59.3 | 0 | 0.16 | -5.88 | 0 | 26.19 | 50.17 | 0 | 65.72 | 3.58 | 0 | 105.56 | 16.11 | 0 | -11.11 | -222.22 | 0 | 23.25 | -0.9 | 0 |
| 21Q1 (6) | 0.47 | -81.27 | 0 | 39.74 | -14.41 | 0 | 11.73 | -40.55 | 0 | 12.80 | -38.96 | 0 | 10.05 | -44.14 | 0 | 2.81 | -82.78 | 0 | 1.72 | -80.37 | 0 | 0.17 | -64.58 | 0 | 17.44 | -29.68 | 0 | 63.45 | -14.18 | 0 | 90.91 | -3.53 | 0 | 9.09 | 57.58 | 0 | 23.46 | 0 | 0 |
| 20Q4 (5) | 2.51 | 0 | 0 | 46.43 | 0 | 0 | 19.73 | 0 | 0 | 20.97 | 0 | 0 | 17.99 | 0 | 0 | 16.32 | 0 | 0 | 8.76 | 0 | 0 | 0.48 | 0 | 0 | 24.80 | 0 | 0 | 73.93 | 0 | 0 | 94.23 | 0 | 0 | 5.77 | 0 | 0 | 0.00 | 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) | 3.87 | 0.0 | 40.87 | -0.7 | 14.33 | -8.78 | 2.66 | -10.96 | 16.26 | -3.96 | 13.38 | -1.11 | 17.81 | -6.31 | 11.05 | -1.6 | 0.82 | 0.0 | 19.27 | -5.26 | 62.27 | 0.86 | 87.76 | -4.93 | 12.24 | 59.18 | 0.54 | 93.3 | 21.86 | 11.36 |
| 2022 (9) | 3.87 | 0.52 | 41.16 | -10.09 | 15.71 | -16.97 | 2.99 | -6.07 | 16.93 | -10.61 | 13.53 | -9.92 | 19.01 | -17.1 | 11.23 | -13.42 | 0.82 | -3.53 | 20.34 | -10.28 | 61.74 | -27.81 | 92.31 | -7.69 | 7.69 | 0 | 0.28 | 63.11 | 19.63 | -12.68 |
| 2021 (8) | 3.85 | 5.19 | 45.78 | 3.6 | 18.92 | 13.16 | 3.18 | 10.98 | 18.94 | 11.15 | 15.02 | 5.63 | 22.93 | -3.82 | 12.97 | 0.46 | 0.85 | -3.41 | 22.67 | 6.08 | 85.53 | 15.69 | 100.00 | 1.32 | 0.00 | 0 | 0.17 | -10.88 | 22.48 | -0.31 |
| 2020 (7) | 3.66 | 71.83 | 44.19 | 1.59 | 16.72 | 34.3 | 2.86 | -4.63 | 17.04 | 55.62 | 14.22 | 69.89 | 23.84 | 62.29 | 12.91 | 74.46 | 0.88 | 4.76 | 21.37 | 40.22 | 73.93 | -32.27 | 98.70 | -14.09 | 1.30 | 0 | 0.19 | 0 | 22.55 | -5.85 |
| 2019 (6) | 2.13 | -39.66 | 43.50 | 6.2 | 12.45 | -24.59 | 3.00 | 276.04 | 10.95 | -27.87 | 8.37 | -30.02 | 14.69 | -38.61 | 7.40 | -38.99 | 0.84 | -15.15 | 15.24 | -11.24 | 109.16 | -1.5 | 114.89 | 5.2 | -14.89 | 0 | 0.00 | 0 | 23.95 | -4.77 |
| 2018 (5) | 3.53 | -3.02 | 40.96 | -2.87 | 16.51 | -3.51 | 0.80 | -45.71 | 15.18 | -4.35 | 11.96 | -7.86 | 23.93 | 0 | 12.13 | 0 | 0.99 | 0 | 17.17 | -4.98 | 110.82 | 16.54 | 109.21 | 2.47 | -9.21 | 0 | 0.00 | 0 | 25.15 | 40.58 |
| 2017 (4) | 3.64 | 0 | 42.17 | 0 | 17.11 | 0 | 1.47 | 0 | 15.87 | 0 | 12.98 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 18.07 | 0 | 95.09 | 0 | 106.58 | 0 | -7.89 | 0 | 0.00 | 0 | 17.89 | 0 |
