- 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) | 0.84 | -52.27 | -43.24 | 34.24 | -15.85 | -6.37 | 22.68 | -18.3 | -10.11 | 17.72 | -44.1 | -39.13 | 14.31 | -44.23 | -39.24 | 2.68 | -51.71 | -45.75 | 1.77 | -52.67 | -52.67 | 0.12 | -14.29 | -25.0 | 26.93 | -31.84 | -28.24 | 60.18 | -0.3 | 171.45 | 127.42 | 44.33 | 47.75 | -27.42 | -319.35 | -313.48 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 1.76 | 61.47 | 85.26 | 40.69 | 44.5 | 44.91 | 27.76 | 83.84 | 71.78 | 31.70 | 23.92 | 66.67 | 25.66 | 24.26 | 59.58 | 5.55 | 61.34 | 83.77 | 3.74 | 42.75 | 64.04 | 0.14 | 16.67 | 0.0 | 39.51 | 11.42 | 41.51 | 60.36 | 39.88 | 36.22 | 88.28 | 50.27 | 3.77 | 12.50 | -69.7 | -16.25 | 26.61 | -12.81 | -6.24 |
| 24Q1 (18) | 1.09 | 194.59 | 55.71 | 28.16 | 4.41 | -4.25 | 15.10 | -5.92 | -13.76 | 25.58 | 201.3 | 56.17 | 20.65 | 201.9 | 52.29 | 3.44 | 189.08 | 63.81 | 2.62 | 164.65 | 56.89 | 0.12 | -14.29 | 0.0 | 35.46 | 95.7 | 37.82 | 43.15 | 82.61 | 81.0 | 58.75 | -68.9 | -45.6 | 41.25 | 146.41 | 787.5 | 30.52 | 13.42 | 1.6 |
| 23Q4 (17) | 0.37 | -75.0 | -36.21 | 26.97 | -26.25 | 0.04 | 16.05 | -36.39 | 13.11 | 8.49 | -70.83 | -21.61 | 6.84 | -70.96 | -30.49 | 1.19 | -75.91 | -31.21 | 0.99 | -73.53 | -27.21 | 0.14 | -12.5 | 0.0 | 18.12 | -51.72 | -4.68 | 23.63 | 6.59 | -23.25 | 188.89 | 119.03 | 45.6 | -88.89 | -792.06 | -198.99 | 26.91 | 7.25 | -3.34 |
| 23Q3 (16) | 1.48 | 55.79 | -28.5 | 36.57 | 30.24 | 9.89 | 25.23 | 56.13 | 35.21 | 29.11 | 53.05 | -14.36 | 23.55 | 46.46 | -13.8 | 4.94 | 63.58 | -24.92 | 3.74 | 64.04 | -23.36 | 0.16 | 14.29 | -11.11 | 37.53 | 34.42 | -6.39 | 22.17 | -49.97 | -19.53 | 86.24 | 1.37 | 57.08 | 12.84 | -13.94 | -71.52 | 25.09 | -11.59 | -6.76 |
| 23Q2 (15) | 0.95 | 35.71 | -45.4 | 28.08 | -4.52 | -12.61 | 16.16 | -7.71 | -20.94 | 19.02 | 16.12 | -26.82 | 16.08 | 18.58 | -22.8 | 3.02 | 43.81 | -45.59 | 2.28 | 36.53 | -44.12 | 0.14 | 16.67 | -26.32 | 27.92 | 8.51 | -11.59 | 44.31 | 85.86 | 0.41 | 85.07 | -21.23 | 7.82 | 14.93 | 348.76 | -29.24 | 28.38 | -5.53 | 26.7 |
| 23Q1 (14) | 0.70 | 20.69 | -59.77 | 29.41 | 9.09 | -13.7 | 17.51 | 23.4 | -13.1 | 16.38 | 51.25 | -31.66 | 13.56 | 37.8 | -29.7 | 2.10 | 21.39 | -63.73 | 1.67 | 22.79 | -60.89 | 0.12 | -14.29 | -45.45 | 25.73 | 35.35 | -13.25 | 23.84 | -22.57 | -18.97 | 108.00 | -16.75 | 29.6 | -6.00 | 79.82 | -137.89 | 30.04 | 7.9 | 26.17 |
| 22Q4 (13) | 0.58 | -71.98 | -51.26 | 26.96 | -18.99 | -7.03 | 14.19 | -23.95 | -22.2 | 10.83 | -68.14 | -40.49 | 9.84 | -63.98 | -38.5 | 1.73 | -73.71 | -61.73 | 1.36 | -72.13 | -57.1 | 0.14 | -22.22 | -30.0 | 19.01 | -52.58 | -25.3 | 30.79 | 11.76 | -32.95 | 129.73 | 136.29 | 29.73 | -29.73 | -165.92 | 0 | 27.84 | 3.46 | 21.36 |
| 22Q3 (12) | 2.07 | 18.97 | 86.49 | 33.28 | 3.58 | 37.01 | 18.66 | -8.71 | 24.32 | 33.99 | 30.78 | 122.74 | 27.32 | 31.16 | 130.74 | 6.58 | 18.56 | 45.9 | 4.88 | 19.61 | 56.41 | 0.18 | -5.26 | -30.77 | 40.09 | 26.95 | 90.63 | 27.55 | -37.57 | -33.07 | 54.90 | -30.42 | -44.38 | 45.10 | 113.8 | 3372.55 | 26.91 | 20.13 | 29.44 |
| 22Q2 (11) | 1.74 | 0.0 | 10.13 | 32.13 | -5.72 | 0.59 | 20.44 | 1.44 | -6.54 | 25.99 | 8.43 | 19.22 | 20.83 | 7.98 | 17.75 | 5.55 | -4.15 | -23.02 | 4.08 | -4.45 | -12.26 | 0.19 | -13.64 | -26.92 | 31.58 | 6.47 | 11.71 | 44.13 | 50.0 | -12.23 | 78.91 | -5.31 | -21.09 | 21.09 | 33.22 | 0 | 22.40 | -5.92 | 6.57 |
| 22Q1 (10) | 1.74 | 46.22 | 72.28 | 34.08 | 17.52 | 12.14 | 20.15 | 10.47 | 12.13 | 23.97 | 31.7 | 32.5 | 19.29 | 20.56 | 30.78 | 5.79 | 28.1 | 23.72 | 4.27 | 34.7 | 39.09 | 0.22 | 10.0 | 4.76 | 29.66 | 16.54 | 10.38 | 29.42 | -35.93 | -53.06 | 83.33 | -16.67 | -15.28 | 15.83 | 0 | 0 | 23.81 | 3.79 | -17.87 |
| 21Q4 (9) | 1.19 | 7.21 | 6.25 | 29.00 | 19.39 | 28.43 | 18.24 | 21.52 | 51.37 | 18.20 | 19.27 | 65.45 | 16.00 | 35.14 | 81.82 | 4.52 | 0.22 | 0 | 3.17 | 1.6 | 0 | 0.20 | -23.08 | 0 | 25.45 | 21.02 | 29.06 | 45.92 | 11.56 | 5.35 | 100.00 | 1.32 | -9.3 | 0.00 | -100.0 | 100.0 | 22.94 | 10.34 | -3.21 |
| 21Q3 (8) | 1.11 | -29.75 | 0 | 24.29 | -23.95 | 0 | 15.01 | -31.37 | 0 | 15.26 | -30.0 | 0 | 11.84 | -33.07 | 0 | 4.51 | -37.45 | 0 | 3.12 | -32.9 | 0 | 0.26 | 0.0 | 0 | 21.03 | -25.61 | 0 | 41.16 | -18.14 | 0 | 98.70 | -1.3 | 0 | 1.30 | 0 | 0 | 20.79 | -1.09 | 0 |
| 21Q2 (7) | 1.58 | 56.44 | 0 | 31.94 | 5.1 | 0 | 21.87 | 21.7 | 0 | 21.80 | 20.51 | 0 | 17.69 | 19.93 | 0 | 7.21 | 54.06 | 0 | 4.65 | 51.47 | 0 | 0.26 | 23.81 | 0 | 28.27 | 5.21 | 0 | 50.28 | -19.77 | 0 | 100.00 | 1.67 | 0 | 0.00 | 0 | 0 | 21.02 | -27.49 | 0 |
| 21Q1 (6) | 1.01 | -9.82 | 0 | 30.39 | 34.59 | 0 | 17.97 | 49.13 | 0 | 18.09 | 64.45 | 0 | 14.75 | 67.61 | 0 | 4.68 | 0 | 0 | 3.07 | 0 | 0 | 0.21 | 0 | 0 | 26.87 | 36.26 | 0 | 62.67 | 43.77 | 0 | 98.36 | -10.79 | 0 | 0.00 | 100.0 | 0 | 28.99 | 22.32 | 0 |
| 20Q4 (5) | 1.12 | 0 | 0 | 22.58 | 0 | 0 | 12.05 | 0 | 0 | 11.00 | 0 | 0 | 8.80 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 19.72 | 0 | 0 | 43.59 | 0 | 0 | 110.26 | 0 | 0 | -10.26 | 0 | 0 | 23.70 | 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) | 3.51 | -42.55 | 30.47 | -4.69 | 18.95 | 1.28 | 8.59 | 43.18 | 18.71 | -23.73 | 15.38 | -22.83 | 10.93 | -48.27 | 8.66 | -44.06 | 0.56 | -27.27 | 27.78 | -9.78 | 23.63 | -23.25 | 101.19 | 32.69 | -1.19 | 0 | 0.66 | 68.35 | 27.50 | 10.13 |
| 2022 (9) | 6.11 | 24.69 | 31.97 | 11.35 | 18.71 | 2.46 | 6.00 | -8.43 | 24.53 | 33.82 | 19.93 | 32.78 | 21.13 | 0.91 | 15.48 | 6.46 | 0.77 | -19.79 | 30.79 | 22.09 | 30.79 | -32.95 | 76.26 | -23.5 | 23.74 | 7331.96 | 0.39 | -10.94 | 24.97 | 8.8 |
| 2021 (8) | 4.90 | 337.5 | 28.71 | 27.15 | 18.26 | 51.54 | 6.55 | -22.45 | 18.33 | 66.64 | 15.01 | 70.57 | 20.94 | 0 | 14.54 | 0 | 0.96 | 0 | 25.22 | 27.89 | 45.92 | 5.35 | 99.68 | -9.59 | 0.32 | 0 | 0.44 | 0 | 22.95 | -3.16 |
| 2020 (7) | 1.12 | 0 | 22.58 | 0 | 12.05 | 0 | 8.45 | 0 | 11.00 | 0 | 8.80 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 19.72 | 0 | 43.59 | 0 | 110.26 | 0 | -10.26 | 0 | 0.00 | 0 | 23.70 | 0 |
