- 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) | -0.38 | -65.22 | 17.39 | 69.43 | 13.75 | -6.71 | -210.97 | -99.88 | 38.57 | -202.66 | -117.91 | 34.66 | -202.66 | -117.91 | 34.66 | -3.16 | -64.58 | 23.11 | -2.75 | -65.66 | 22.1 | 0.01 | -50.0 | 0.0 | -145.45 | -211.66 | 31.55 | 13.63 | 5.91 | -9.13 | 104.55 | -2.42 | -6.66 | -4.55 | 68.18 | 62.12 | 92.65 | 42.41 | -15.81 |
| 24Q3 (19) | -0.23 | 50.0 | 51.06 | 61.04 | -26.66 | 12.45 | -105.55 | 87.45 | 82.31 | -93.00 | 86.73 | 83.53 | -93.00 | 86.73 | 83.53 | -1.92 | 52.48 | 53.85 | -1.66 | 52.57 | 53.63 | 0.02 | 100.0 | 100.0 | -46.67 | 89.63 | 87.72 | 12.87 | 1.82 | -14.94 | 107.14 | -10.14 | -0.51 | -14.29 | 25.71 | -271.43 | 65.06 | -75.68 | -64.48 |
| 24Q2 (18) | -0.46 | 19.3 | -64.29 | 83.23 | 120.65 | 0.47 | -841.36 | 32.84 | -292.1 | -700.81 | 40.69 | -263.1 | -700.81 | 40.69 | -263.1 | -4.04 | 25.6 | -68.33 | -3.50 | 24.73 | -68.27 | 0.01 | 0 | 0.0 | -450.00 | 41.3 | -260.0 | 12.64 | -20.7 | -12.47 | 119.23 | 15.62 | 12.22 | -19.23 | -207.69 | -53.85 | 267.55 | -26.35 | 166.46 |
| 24Q1 (17) | -0.57 | -23.91 | -83.87 | 37.72 | -49.31 | -46.57 | -1252.79 | -264.78 | -103.61 | -1181.55 | -280.95 | -161.15 | -1181.55 | -280.95 | -161.15 | -5.43 | -32.12 | -53.82 | -4.65 | -31.73 | -55.52 | 0.00 | -100.0 | -100.0 | -766.67 | -260.79 | -178.79 | 15.94 | 6.27 | 28.76 | 103.12 | -7.92 | -26.95 | -6.25 | 47.92 | 82.29 | 363.29 | 230.11 | 88.05 |
| 23Q4 (16) | -0.46 | 2.13 | 62.9 | 74.42 | 37.1 | 52.09 | -343.44 | 42.42 | 59.28 | -310.16 | 45.08 | 62.82 | -310.16 | 45.08 | 62.82 | -4.11 | 1.2 | 76.24 | -3.53 | 1.4 | 75.4 | 0.01 | 0.0 | -50.0 | -212.50 | 44.08 | 67.31 | 15.00 | -0.86 | -37.76 | 112.00 | 4.0 | 12.0 | -12.00 | -212.0 | -524.0 | 110.05 | -39.91 | -53.9 |
| 23Q3 (15) | -0.47 | -67.86 | 0 | 54.28 | -34.48 | 0 | -596.50 | -177.98 | 0 | -564.70 | -192.58 | 0 | -564.70 | -192.58 | 0 | -4.16 | -73.33 | 0 | -3.58 | -72.12 | 0 | 0.01 | 0.0 | 0 | -380.00 | -204.0 | 0 | 15.13 | 4.78 | 0 | 107.69 | 1.36 | 0 | -3.85 | 69.23 | 0 | 183.15 | 82.4 | 0 |
| 23Q2 (14) | -0.28 | 9.68 | 71.13 | 82.84 | 17.34 | 31.58 | -214.58 | 65.12 | 55.88 | -193.01 | 57.34 | 59.92 | -193.01 | 57.34 | 59.92 | -2.40 | 32.01 | 80.36 | -2.08 | 30.43 | 79.59 | 0.01 | 0.0 | -50.0 | -125.00 | 54.55 | 62.96 | 14.44 | 16.64 | -34.69 | 106.25 | -24.74 | 6.25 | -12.50 | 64.58 | 0 | 100.41 | -48.03 | -46.9 |
| 23Q1 (13) | -0.31 | 75.0 | 0 | 70.60 | 44.29 | 0 | -615.28 | 27.04 | 0 | -452.44 | 45.77 | 0 | -452.44 | 45.77 | 0 | -3.53 | 79.6 | 0 | -2.99 | 79.16 | 0 | 0.01 | -50.0 | 0 | -275.00 | 57.69 | 0 | 12.38 | -48.63 | 0 | 141.18 | 41.18 | 0 | -35.29 | -1735.29 | 0 | 193.19 | -19.07 | 0 |
| 22Q4 (12) | -1.24 | 0 | -18.1 | 48.93 | 0 | -50.43 | -843.36 | 0 | 10.98 | -834.29 | 0 | 9.75 | -834.29 | 0 | 9.75 | -17.30 | 0 | -32.16 | -14.35 | 0 | -25.22 | 0.02 | 0 | 100.0 | -650.00 | 0 | 3.7 | 24.10 | 0 | 82.58 | 100.00 | 0 | -2.44 | -1.92 | 0 | 23.08 | 238.70 | 0 | -28.01 |
| 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) | -1.62 | 0 | 64.52 | -11.35 | -322.83 | 0 | 84.38 | -18.87 | -291.94 | 0 | -291.94 | 0 | -14.53 | 0 | -12.56 | 0 | 0.04 | 0.0 | -200.00 | 0 | 13.63 | -9.13 | 110.75 | -3.09 | -10.75 | 0 | 0.00 | 0 | 122.91 | -8.08 |
| 2023 (9) | -1.56 | 0 | 72.78 | 27.84 | -391.56 | 0 | 104.00 | -39.33 | -342.06 | 0 | -342.06 | 0 | -18.08 | 0 | -15.08 | 0 | 0.04 | 0.0 | -224.00 | 0 | 15.00 | -37.76 | 114.29 | 13.04 | -14.29 | 0 | 0.00 | 0 | 133.72 | -36.45 |
| 2022 (8) | -2.20 | 0 | 56.93 | -20.18 | -639.78 | 0 | 171.43 | -47.25 | -633.15 | 0 | -633.15 | 0 | -30.54 | 0 | -25.32 | 0 | 0.04 | 100.0 | -471.43 | 0 | 24.10 | 82.58 | 101.10 | -0.06 | -1.10 | 0 | 0.00 | 0 | 210.41 | -46.13 |
| 2021 (7) | -2.29 | 0 | 71.32 | 21.48 | -1068.08 | 0 | 325.00 | -43.48 | -1056.30 | 0 | -1056.30 | 0 | -28.49 | 0 | -24.92 | 0 | 0.02 | 100.0 | -737.50 | 0 | 13.20 | -5.17 | 101.16 | -0.66 | -1.16 | 0 | 0.00 | 0 | 390.57 | -53.16 |
| 2020 (6) | -3.07 | 0 | 58.71 | -25.98 | -2796.43 | 0 | 575.00 | 360.0 | -2742.57 | 0 | -2742.57 | 0 | -34.25 | 0 | -29.02 | 0 | 0.01 | -80.0 | -2125.00 | 0 | 13.92 | -33.78 | 101.83 | 1.83 | -1.83 | 0 | 0.00 | 0 | 833.85 | 349.49 |
| 2019 (5) | -3.33 | 0 | 79.32 | 3.77 | -642.23 | 0 | 125.00 | 25.0 | -641.41 | 0 | -641.41 | 0 | -35.59 | 0 | -31.13 | 0 | 0.05 | 66.67 | -493.75 | 0 | 21.02 | 338.83 | 100.00 | 0.0 | -0.00 | 0 | 0.00 | 0 | 185.51 | -36.89 |
| 2018 (4) | -2.51 | 0 | 76.44 | -7.55 | -1256.52 | 0 | 100.00 | 20.0 | -1253.40 | 0 | -1253.40 | 0 | -33.55 | 0 | -32.20 | 0 | 0.03 | 0 | -1280.00 | 0 | 4.79 | 58.09 | 100.00 | -2.27 | -0.00 | 0 | 0.00 | 0 | 293.94 | 130.76 |
| 2017 (3) | 0.00 | 0 | 82.68 | 0 | -739.17 | 0 | 83.33 | 0 | -717.07 | 0 | -717.07 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | -633.33 | 0 | 3.03 | 0 | 102.33 | 0 | -2.33 | 0 | 0.00 | 0 | 127.38 | 0 |
