- 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) | 0.21 | -25.0 | -54.35 | 33.55 | -4.36 | -7.98 | 7.22 | 170.41 | -17.58 | 5.23 | -34.54 | -59.95 | 4.10 | -40.49 | -61.54 | 1.06 | -24.82 | -53.1 | 0.75 | -22.68 | -50.98 | 0.17 | 21.43 | 21.43 | 11.73 | -25.52 | -41.79 | 50.43 | 8.08 | 0.9 | 150.00 | 400.0 | 125.0 | -37.50 | -153.57 | -212.5 | 31.03 | -12.64 | 3.12 |
| 24Q2 (19) | 0.28 | 75.0 | -48.15 | 35.08 | 7.48 | 2.51 | 2.67 | 228.37 | -49.91 | 7.99 | 42.93 | -43.49 | 6.89 | 57.67 | -41.11 | 1.41 | 76.25 | -50.53 | 0.97 | 73.21 | -45.51 | 0.14 | 16.67 | -6.67 | 15.75 | 6.56 | -26.13 | 46.66 | -17.2 | -11.44 | 30.00 | 190.0 | -18.57 | 70.00 | -53.33 | 10.83 | 35.52 | -1.82 | 16.69 |
| 24Q1 (18) | 0.16 | -33.33 | -65.22 | 32.64 | -2.97 | -7.82 | -2.08 | -128.34 | -118.01 | 5.59 | -6.05 | -48.67 | 4.37 | -13.29 | -50.9 | 0.80 | -26.61 | -67.74 | 0.56 | -27.27 | -62.67 | 0.12 | -20.0 | -25.0 | 14.78 | 14.13 | -10.69 | 56.35 | 20.59 | -27.66 | -33.33 | -126.67 | -131.37 | 150.00 | 700.0 | 2500.0 | 36.18 | 22.19 | 46.77 |
| 23Q4 (17) | 0.24 | -47.83 | -40.0 | 33.64 | -7.73 | -4.49 | 7.34 | -16.21 | -42.25 | 5.95 | -54.44 | -34.25 | 5.04 | -52.72 | -28.81 | 1.09 | -51.77 | -47.6 | 0.77 | -49.67 | -42.11 | 0.15 | 7.14 | -16.67 | 12.95 | -35.73 | -11.6 | 46.73 | -6.5 | -24.8 | 125.00 | 87.5 | -12.5 | -25.00 | -175.0 | 41.67 | 29.61 | -1.6 | 13.45 |
| 23Q3 (16) | 0.46 | -14.81 | -48.89 | 36.46 | 6.55 | 6.73 | 8.76 | 64.35 | 6.44 | 13.06 | -7.64 | -47.53 | 10.66 | -8.89 | -45.7 | 2.26 | -20.7 | -53.5 | 1.53 | -14.04 | -48.14 | 0.14 | -6.67 | -6.67 | 20.15 | -5.49 | -35.52 | 49.98 | -5.14 | -17.76 | 66.67 | 80.95 | 93.94 | 33.33 | -47.22 | -49.21 | 30.09 | -1.15 | -4.02 |
| 23Q2 (15) | 0.54 | 17.39 | 3.85 | 34.22 | -3.36 | 9.19 | 5.33 | -53.85 | -18.13 | 14.14 | 29.84 | -9.76 | 11.70 | 31.46 | 1.21 | 2.85 | 14.92 | -1.04 | 1.78 | 18.67 | 6.59 | 0.15 | -6.25 | 7.14 | 21.32 | 28.82 | -4.82 | 52.69 | -32.36 | -28.55 | 36.84 | -65.33 | -7.89 | 63.16 | 1110.53 | 14.83 | 30.44 | 23.49 | -3.03 |
| 23Q1 (14) | 0.46 | 15.0 | 4.55 | 35.41 | 0.54 | 27.37 | 11.55 | -9.13 | 85.99 | 10.89 | 20.33 | 0.55 | 8.90 | 25.71 | 2.53 | 2.48 | 19.23 | 1.64 | 1.50 | 12.78 | 3.45 | 0.16 | -11.11 | 0.0 | 16.55 | 12.97 | -2.76 | 77.90 | 25.36 | -3.36 | 106.25 | -25.63 | 77.08 | -6.25 | 85.42 | -113.39 | 24.65 | -5.56 | -2.99 |
| 22Q4 (13) | 0.40 | -55.56 | 233.33 | 35.22 | 3.1 | 16.35 | 12.71 | 54.43 | 163.69 | 9.05 | -63.64 | 115.48 | 7.08 | -63.93 | 151.96 | 2.08 | -57.2 | 215.15 | 1.33 | -54.92 | 216.67 | 0.18 | 20.0 | 28.57 | 14.65 | -53.12 | 32.94 | 62.14 | 2.25 | -12.98 | 142.86 | 315.58 | 19.05 | -42.86 | -165.31 | -114.29 | 26.10 | -16.75 | -18.54 |
| 22Q3 (12) | 0.90 | 73.08 | 100.0 | 34.16 | 9.0 | 18.49 | 8.23 | 26.42 | 25.46 | 24.89 | 58.84 | 255.57 | 19.63 | 69.81 | 96.69 | 4.86 | 68.75 | 95.97 | 2.95 | 76.65 | 94.08 | 0.15 | 7.14 | 0.0 | 31.25 | 39.51 | 129.78 | 60.77 | -17.59 | -10.57 | 34.38 | -14.06 | -61.33 | 65.62 | 19.32 | 490.62 | 31.35 | -0.13 | 9.85 |
| 22Q2 (11) | 0.52 | 18.18 | -7.14 | 31.34 | 12.73 | 13.1 | 6.51 | 4.83 | 23.06 | 15.67 | 44.69 | 165.14 | 11.56 | 33.18 | 83.78 | 2.88 | 18.03 | -6.49 | 1.67 | 15.17 | -13.02 | 0.14 | -12.5 | -51.72 | 22.40 | 31.61 | 80.65 | 73.74 | -8.52 | 8.03 | 40.00 | -33.33 | -53.85 | 55.00 | 17.86 | 312.5 | 31.39 | 23.53 | 17.92 |
| 22Q1 (10) | 0.44 | 266.67 | 0 | 27.80 | -8.16 | 0 | 6.21 | 28.84 | 0 | 10.83 | 157.86 | 0 | 8.68 | 208.9 | 0 | 2.44 | 269.7 | 0 | 1.45 | 245.24 | 0 | 0.16 | 14.29 | 0 | 17.02 | 54.45 | 0 | 80.61 | 12.88 | 0 | 60.00 | -50.0 | 0 | 46.67 | 333.33 | 0 | 25.41 | -20.69 | 0 |
| 21Q4 (9) | 0.12 | -73.33 | 0 | 30.27 | 4.99 | 0 | 4.82 | -26.52 | 0 | 4.20 | -40.0 | 0 | 2.81 | -71.84 | 0 | 0.66 | -73.39 | 0 | 0.42 | -72.37 | 0 | 0.14 | -6.67 | 0 | 11.02 | -18.97 | 0 | 71.41 | 5.09 | 0 | 120.00 | 35.0 | 0 | -20.00 | -280.0 | 0 | 32.04 | 12.26 | 0 |
| 21Q3 (8) | 0.45 | -19.64 | 0 | 28.83 | 4.04 | 0 | 6.56 | 24.01 | 0 | 7.00 | 18.44 | 0 | 9.98 | 58.66 | 0 | 2.48 | -19.48 | 0 | 1.52 | -20.83 | 0 | 0.15 | -48.28 | 0 | 13.60 | 9.68 | 0 | 67.95 | -0.45 | 0 | 88.89 | 2.56 | 0 | 11.11 | -16.67 | 0 | 28.54 | 7.21 | 0 |
| 21Q2 (7) | 0.56 | 0 | 0 | 27.71 | 0 | 0 | 5.29 | 0 | 0 | 5.91 | 0 | 0 | 6.29 | 0 | 0 | 3.08 | 0 | 0 | 1.92 | 0 | 0 | 0.29 | 0 | 0 | 12.40 | 0 | 0 | 68.26 | 0 | 0 | 86.67 | 0 | 0 | 13.33 | 0 | 0 | 26.62 | 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) | 1.69 | -24.89 | 34.92 | 8.48 | 8.29 | -3.6 | 5.23 | 3.2 | 10.98 | -25.26 | 9.04 | -20.84 | 8.44 | -29.96 | 5.64 | -24.19 | 0.61 | -3.17 | 17.69 | -15.07 | 46.73 | -24.8 | 75.41 | 29.96 | 24.59 | -41.42 | 2.63 | 476.97 | 28.63 | 1.02 |
| 2022 (9) | 2.25 | 100.89 | 32.19 | 12.51 | 8.60 | 56.36 | 5.07 | -10.87 | 14.69 | 154.15 | 11.42 | 78.72 | 12.05 | 93.42 | 7.44 | 93.75 | 0.63 | 10.53 | 20.83 | 67.98 | 62.14 | -12.98 | 58.02 | -39.83 | 41.98 | 1075.31 | 0.46 | -1.14 | 28.34 | -0.25 |
| 2021 (8) | 1.12 | 16.67 | 28.61 | -10.09 | 5.50 | -22.54 | 5.69 | -7.68 | 5.78 | -13.34 | 6.39 | 3.73 | 6.23 | 17.99 | 3.84 | 17.79 | 0.57 | 16.33 | 12.40 | -12.43 | 71.41 | 0.78 | 96.43 | -9.79 | 3.57 | 0 | 0.46 | 0 | 28.41 | 6.09 |
| 2020 (7) | 0.96 | -26.72 | 31.82 | 12.76 | 7.10 | 33.21 | 6.16 | 15.85 | 6.67 | -24.8 | 6.16 | -8.74 | 5.28 | -26.26 | 3.26 | -25.57 | 0.49 | -19.67 | 14.16 | -8.11 | 70.86 | -9.85 | 106.90 | 76.93 | -6.90 | 0 | 0.00 | 0 | 26.78 | -1.14 |
| 2019 (6) | 1.31 | -9.03 | 28.22 | 3.29 | 5.33 | 50.56 | 5.32 | 204.12 | 8.87 | 6.87 | 6.75 | 49.34 | 7.16 | 1.7 | 4.38 | 5.29 | 0.61 | -32.97 | 15.41 | 44.97 | 78.60 | 12.61 | 60.42 | 44.07 | 39.58 | -29.88 | 0.00 | 0 | 27.09 | 29.06 |
| 2018 (5) | 1.44 | 114.93 | 27.32 | 5.52 | 3.54 | -51.1 | 1.75 | -19.28 | 8.30 | 121.93 | 4.52 | 187.9 | 7.04 | 0 | 4.16 | 0 | 0.91 | 0 | 10.63 | 63.54 | 69.80 | -3.58 | 41.94 | -78.19 | 56.45 | 0 | 0.00 | 0 | 20.99 | -7.78 |
| 2017 (4) | 0.67 | 0 | 25.89 | 0 | 7.24 | 0 | 2.17 | 0 | 3.74 | 0 | 1.57 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 6.50 | 0 | 72.39 | 0 | 192.31 | 0 | -92.31 | 0 | 0.00 | 0 | 22.76 | 0 |
