- 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) | 3.38 | -8.15 | 2.74 | 13.07 | 0.08 | -9.11 | 8.15 | 7.38 | -5.56 | 8.05 | 2.81 | -15.26 | 6.43 | -0.77 | -15.62 | 7.07 | -7.1 | -7.1 | 2.22 | -14.29 | -11.55 | 0.34 | -15.0 | 3.03 | 8.49 | 4.17 | -14.59 | 222.03 | -2.12 | 23.53 | 101.71 | 4.56 | 12.28 | -1.14 | -135.05 | -112.14 | 6.44 | 8.6 | -0.16 |
| 24Q2 (19) | 3.68 | 6.67 | 10.51 | 13.06 | 0.46 | 12.98 | 7.59 | -5.6 | 0.66 | 7.83 | -4.98 | -2.49 | 6.48 | -1.67 | 4.68 | 7.61 | 8.1 | -0.13 | 2.59 | 1.57 | -0.77 | 0.40 | 2.56 | -4.76 | 8.15 | -2.86 | -2.86 | 226.85 | 37.17 | -0.35 | 97.28 | 0.08 | 3.65 | 3.26 | 45.92 | -46.94 | 5.93 | -3.26 | -4.05 |
| 24Q1 (18) | 3.45 | 32.69 | 19.79 | 13.00 | -10.28 | -13.22 | 8.04 | 0.37 | -0.74 | 8.24 | 4.7 | 1.1 | 6.59 | 5.27 | 0.0 | 7.04 | 25.04 | 8.64 | 2.55 | 28.14 | 10.39 | 0.39 | 21.88 | 11.43 | 8.39 | 3.84 | -1.99 | 165.38 | -11.3 | 3.27 | 97.21 | -4.91 | -2.13 | 2.23 | 250.84 | 230.73 | 6.13 | -17.94 | -3.62 |
| 23Q4 (17) | 2.60 | -20.97 | 2.36 | 14.49 | 0.76 | 1.9 | 8.01 | -7.18 | 7.09 | 7.87 | -17.16 | 5.92 | 6.26 | -17.85 | 5.03 | 5.63 | -26.02 | -0.88 | 1.99 | -20.72 | 3.11 | 0.32 | -3.03 | 0.0 | 8.08 | -18.71 | 2.02 | 186.44 | 3.73 | -8.11 | 102.22 | 12.84 | 1.39 | -1.48 | -115.74 | -80.74 | 7.47 | 15.81 | -4.11 |
| 23Q3 (16) | 3.29 | -1.2 | -0.3 | 14.38 | 24.39 | 8.04 | 8.63 | 14.46 | 16.31 | 9.50 | 18.31 | 7.83 | 7.62 | 23.1 | 8.09 | 7.61 | -0.13 | -25.39 | 2.51 | -3.83 | -12.24 | 0.33 | -21.43 | -19.51 | 9.94 | 18.47 | 7.46 | 179.74 | -21.05 | -4.44 | 90.59 | -3.48 | 7.78 | 9.41 | 53.16 | -41.0 | 6.45 | 4.37 | -10.79 |
| 23Q2 (15) | 3.33 | 15.63 | 31.1 | 11.56 | -22.83 | -1.28 | 7.54 | -6.91 | 35.37 | 8.03 | -1.47 | 40.38 | 6.19 | -6.07 | 37.25 | 7.62 | 17.59 | -22.32 | 2.61 | 12.99 | 17.04 | 0.42 | 20.0 | -14.29 | 8.39 | -1.99 | 36.87 | 227.65 | 42.16 | -40.79 | 93.85 | -5.51 | -2.85 | 6.15 | 809.5 | 141.71 | 6.18 | -2.83 | 1.48 |
| 23Q1 (14) | 2.88 | 13.39 | -9.43 | 14.98 | 5.34 | 0.94 | 8.10 | 8.29 | -7.32 | 8.15 | 9.69 | -7.7 | 6.59 | 10.57 | -6.66 | 6.48 | 14.08 | -47.4 | 2.31 | 19.69 | -19.23 | 0.35 | 9.37 | -12.5 | 8.56 | 8.08 | -8.15 | 160.14 | -21.07 | -46.69 | 99.32 | -1.48 | 0.71 | 0.68 | 182.43 | -2.03 | 6.36 | -18.36 | -12.28 |
| 22Q4 (13) | 2.54 | -23.03 | -11.19 | 14.22 | 6.84 | -12.87 | 7.48 | 0.81 | -20.0 | 7.43 | -15.66 | -21.38 | 5.96 | -15.46 | -14.0 | 5.68 | -44.31 | -54.23 | 1.93 | -32.52 | -28.25 | 0.32 | -21.95 | -17.95 | 7.92 | -14.38 | -20.48 | 202.89 | 7.86 | -44.69 | 100.82 | 19.95 | 1.53 | -0.82 | -105.14 | -216.39 | 7.79 | 7.75 | 9.72 |
| 22Q3 (12) | 3.30 | 29.92 | 110.19 | 13.31 | 13.66 | 24.98 | 7.42 | 33.21 | 73.77 | 8.81 | 54.02 | 96.21 | 7.05 | 56.32 | 90.54 | 10.20 | 3.98 | 36.91 | 2.86 | 28.25 | 85.71 | 0.41 | -16.33 | -2.38 | 9.25 | 50.9 | 85.74 | 188.10 | -51.07 | -47.19 | 84.05 | -13.0 | -10.86 | 15.95 | 527.4 | 272.19 | 7.23 | 18.72 | -0.28 |
| 22Q2 (11) | 2.54 | -20.13 | 81.43 | 11.71 | -21.09 | 27.56 | 5.57 | -36.27 | 48.53 | 5.72 | -35.22 | 54.59 | 4.51 | -36.12 | 52.88 | 9.81 | -20.37 | 49.77 | 2.23 | -22.03 | 58.16 | 0.49 | 22.5 | 2.08 | 6.13 | -34.23 | 49.51 | 384.45 | 27.98 | -7.22 | 96.61 | -2.04 | -4.88 | 2.54 | 268.64 | 262.71 | 6.09 | -16.0 | -13.37 |
| 22Q1 (10) | 3.18 | 11.19 | 63.08 | 14.84 | -9.07 | 18.82 | 8.74 | -6.52 | 37.21 | 8.83 | -6.56 | 38.84 | 7.06 | 1.88 | 40.92 | 12.32 | -0.73 | 35.68 | 2.86 | 6.32 | 37.5 | 0.40 | 2.56 | -4.76 | 9.32 | -6.43 | 36.06 | 300.39 | -18.11 | -5.67 | 98.62 | -0.68 | -1.38 | 0.69 | -2.07 | 0 | 7.25 | 2.11 | -0.68 |
| 21Q4 (9) | 2.86 | 82.17 | -22.07 | 16.32 | 53.24 | 17.07 | 9.35 | 118.97 | 44.51 | 9.45 | 110.47 | 56.72 | 6.93 | 87.3 | 45.28 | 12.41 | 66.58 | -37.61 | 2.69 | 74.68 | -36.56 | 0.39 | -7.14 | -56.18 | 9.96 | 100.0 | 52.53 | 366.80 | 2.98 | 3.4 | 99.30 | 5.31 | -7.29 | 0.70 | -83.57 | 109.92 | 7.10 | -2.07 | -21.37 |
| 21Q3 (8) | 1.57 | 12.14 | 0 | 10.65 | 16.01 | 0 | 4.27 | 13.87 | 0 | 4.49 | 21.35 | 0 | 3.70 | 25.42 | 0 | 7.45 | 13.74 | 0 | 1.54 | 9.22 | 0 | 0.42 | -12.5 | 0 | 4.98 | 21.46 | 0 | 356.19 | -14.04 | 0 | 94.29 | -7.16 | 0 | 4.29 | 374.29 | 0 | 7.25 | 3.13 | 0 |
| 21Q2 (7) | 1.40 | -28.21 | -47.96 | 9.18 | -26.5 | -16.47 | 3.75 | -41.13 | -17.94 | 3.70 | -41.82 | -19.91 | 2.95 | -41.12 | -20.91 | 6.55 | -27.86 | -59.34 | 1.41 | -32.21 | -56.35 | 0.48 | 14.29 | -44.19 | 4.10 | -40.15 | -20.85 | 414.37 | 30.12 | 0.83 | 101.56 | 1.56 | 2.41 | -1.56 | 0 | -289.06 | 7.03 | -3.7 | -10.79 |
| 21Q1 (6) | 1.95 | -46.87 | 0 | 12.49 | -10.4 | 0 | 6.37 | -1.55 | 0 | 6.36 | 5.47 | 0 | 5.01 | 5.03 | 0 | 9.08 | -54.35 | 0 | 2.08 | -50.94 | 0 | 0.42 | -52.81 | 0 | 6.85 | 4.9 | 0 | 318.44 | -10.23 | 0 | 100.00 | -6.63 | 0 | 0.00 | 100.0 | 0 | 7.30 | -19.16 | 0 |
| 20Q4 (5) | 3.67 | 0 | 133.76 | 13.94 | 0 | 18.44 | 6.47 | 0 | 102.82 | 6.03 | 0 | 113.07 | 4.77 | 0 | 120.83 | 19.89 | 0 | 96.35 | 4.24 | 0 | 118.56 | 0.89 | 0 | 0.0 | 6.53 | 0 | 97.28 | 354.73 | 0 | -8.52 | 107.10 | 0 | -5.42 | -7.10 | 0 | 46.35 | 9.03 | 0 | 7.12 |
| 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) | 12.10 | 6.61 | 13.72 | 2.31 | 8.04 | 11.51 | 0.26 | -20.65 | 8.37 | 9.99 | 6.64 | 9.21 | 26.79 | -18.3 | 9.10 | -0.98 | 1.37 | -9.27 | 8.71 | 7.93 | 186.44 | -8.11 | 96.04 | 1.42 | 3.96 | -25.39 | 0.05 | -28.04 | 6.58 | -6.53 |
| 2022 (9) | 11.35 | 45.7 | 13.41 | 11.38 | 7.21 | 23.46 | 0.33 | -13.71 | 7.61 | 28.98 | 6.08 | 33.04 | 32.79 | -5.8 | 9.19 | 21.72 | 1.51 | -8.48 | 8.07 | 26.49 | 202.89 | -44.69 | 94.70 | -4.26 | 5.30 | 385.1 | 0.07 | -49.03 | 7.04 | -1.68 |
| 2021 (8) | 7.79 | 22.68 | 12.04 | -3.76 | 5.84 | 5.23 | 0.39 | -15.99 | 5.90 | 10.28 | 4.57 | 7.03 | 34.81 | 0.93 | 7.55 | 2.58 | 1.65 | -4.07 | 6.38 | 8.5 | 366.80 | 3.4 | 98.91 | -4.71 | 1.09 | 0 | 0.15 | -1.1 | 7.16 | -15.47 |
| 2020 (7) | 6.35 | 79.38 | 12.51 | 20.4 | 5.55 | 67.67 | 0.46 | 22.69 | 5.35 | 67.19 | 4.27 | 73.58 | 34.49 | 50.94 | 7.36 | 68.04 | 1.72 | -2.82 | 5.88 | 61.1 | 354.73 | -8.52 | 103.79 | 0.53 | -3.79 | 0 | 0.15 | -14.45 | 8.47 | 2.29 |
| 2019 (6) | 3.54 | 25.53 | 10.39 | 5.91 | 3.31 | 11.45 | 0.38 | 776.36 | 3.20 | 6.31 | 2.46 | -13.68 | 22.85 | -15.28 | 4.38 | -26.39 | 1.77 | -14.08 | 3.65 | 16.61 | 387.77 | -18.15 | 103.25 | 3.99 | -3.25 | 0 | 0.17 | 0 | 8.28 | -0.48 |
| 2018 (5) | 2.82 | 302.86 | 9.81 | -7.19 | 2.97 | 99.33 | 0.04 | -5.95 | 3.01 | 122.96 | 2.85 | 231.4 | 26.97 | 0 | 5.95 | 0 | 2.06 | 0 | 3.13 | 111.49 | 473.77 | 75.94 | 99.29 | -11.24 | 0.71 | 0 | 0.00 | 0 | 8.32 | -21.8 |
| 2017 (4) | 0.70 | 0 | 10.57 | 0 | 1.49 | 0 | 0.05 | 0 | 1.35 | 0 | 0.86 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 1.48 | 0 | 269.28 | 0 | 111.86 | 0 | -10.17 | 0 | 0.00 | 0 | 10.64 | 0 |
