- 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) | 0.28 | -67.82 | -81.82 | 27.05 | -14.07 | -33.03 | 6.39 | -54.49 | -70.17 | 4.55 | -62.15 | -78.46 | 2.62 | -67.25 | -81.86 | 0.49 | -70.12 | -83.28 | 0.42 | -55.79 | -78.24 | 0.09 | -10.0 | -30.77 | 41.43 | -10.27 | -10.71 | 92.33 | -22.67 | 69.26 | 137.50 | 16.49 | 36.21 | -41.67 | -154.17 | -2108.33 | 45.34 | 13.61 | 13.83 |
| 24Q2 (19) | 0.87 | 535.0 | -49.71 | 31.48 | 25.12 | -18.57 | 14.04 | 240.78 | -35.86 | 12.02 | 400.83 | -45.24 | 8.00 | 463.64 | -50.37 | 1.64 | 543.24 | -49.23 | 0.95 | 891.67 | -56.62 | 0.10 | 0.0 | -23.08 | 46.17 | 22.47 | -1.41 | 119.40 | 46.74 | 89.92 | 118.03 | -34.43 | 19.11 | -16.39 | 79.51 | 0 | 39.91 | -13.91 | 8.19 |
| 24Q1 (18) | -0.20 | -112.99 | -125.97 | 25.16 | -30.29 | -21.72 | 4.12 | -73.4 | -69.0 | 2.40 | -84.42 | -80.58 | -2.20 | -114.32 | -125.03 | -0.37 | -113.03 | -126.81 | -0.12 | -106.45 | -111.76 | 0.10 | -16.67 | -9.09 | 37.70 | -12.04 | -10.05 | 81.37 | 23.57 | 83.06 | 180.00 | 77.53 | 66.67 | -80.00 | 0 | -900.0 | 46.36 | 12.03 | 9.7 |
| 23Q4 (17) | 1.54 | 0.0 | -39.13 | 36.09 | -10.65 | -19.14 | 15.49 | -27.68 | -37.82 | 15.40 | -27.08 | -36.78 | 15.36 | 6.37 | -33.48 | 2.84 | -3.07 | -34.26 | 1.86 | -3.63 | -37.37 | 0.12 | -7.69 | -7.69 | 42.86 | -7.63 | -15.71 | 65.85 | 20.71 | 34.97 | 101.39 | 0.44 | -1.19 | 0.00 | 100.0 | 100.0 | 41.38 | 3.89 | 13.28 |
| 23Q3 (16) | 1.54 | -10.98 | -14.44 | 40.39 | 4.47 | -3.35 | 21.42 | -2.15 | -11.45 | 21.12 | -3.78 | -13.62 | 14.44 | -10.42 | -15.11 | 2.93 | -9.29 | -19.73 | 1.93 | -11.87 | -17.17 | 0.13 | 0.0 | 0.0 | 46.40 | -0.92 | -9.96 | 54.55 | -13.23 | 9.23 | 100.94 | 1.86 | 1.85 | -1.89 | 0 | -311.32 | 39.83 | 7.97 | 6.19 |
| 23Q2 (15) | 1.73 | 124.68 | 23.57 | 38.66 | 20.29 | 1.36 | 21.89 | 64.71 | 2.58 | 21.95 | 77.59 | 7.44 | 16.12 | 83.39 | 16.9 | 3.23 | 134.06 | 4.19 | 2.19 | 114.71 | 12.89 | 0.13 | 18.18 | 0.0 | 46.83 | 11.74 | -3.58 | 62.87 | 41.44 | -19.16 | 99.10 | -8.24 | -5.31 | 0.00 | 100.0 | 100.0 | 36.89 | -12.71 | 0.16 |
| 23Q1 (14) | 0.77 | -69.57 | -25.96 | 32.14 | -27.99 | -8.8 | 13.29 | -46.65 | -15.57 | 12.36 | -49.26 | -21.37 | 8.79 | -61.93 | -23.23 | 1.38 | -68.06 | -38.67 | 1.02 | -65.66 | -32.89 | 0.11 | -15.38 | -15.38 | 41.91 | -17.58 | -9.68 | 44.45 | -8.9 | -20.24 | 108.00 | 5.25 | 8.0 | -8.00 | -206.67 | 0 | 42.26 | 15.69 | 6.37 |
| 22Q4 (13) | 2.53 | 40.56 | 4.98 | 44.63 | 6.8 | 7.57 | 24.91 | 2.98 | -6.56 | 24.36 | -0.37 | -8.01 | 23.09 | 35.74 | 0.3 | 4.32 | 18.36 | -19.4 | 2.97 | 27.47 | -16.1 | 0.13 | 0.0 | -13.33 | 50.85 | -1.32 | -3.29 | 48.79 | -2.3 | -9.83 | 102.61 | 3.53 | 2.61 | -2.61 | -392.17 | -194.78 | 36.53 | -2.61 | 2.96 |
| 22Q3 (12) | 1.80 | 28.57 | 3.45 | 41.79 | 9.57 | 11.14 | 24.19 | 13.36 | 17.54 | 24.45 | 19.68 | 17.72 | 17.01 | 23.35 | -9.86 | 3.65 | 17.74 | -8.52 | 2.33 | 20.1 | -12.41 | 0.13 | 0.0 | -7.14 | 51.53 | 6.09 | 4.71 | 49.94 | -35.79 | -6.83 | 99.11 | -5.3 | 0.38 | 0.89 | 119.2 | -29.46 | 37.51 | 1.85 | -0.16 |
| 22Q2 (11) | 1.40 | 34.62 | 5.26 | 38.14 | 8.23 | -3.86 | 21.34 | 35.58 | 3.89 | 20.43 | 29.96 | 4.39 | 13.79 | 20.44 | -8.01 | 3.10 | 37.78 | -3.73 | 1.94 | 27.63 | -8.92 | 0.13 | 0.0 | -7.14 | 48.57 | 4.68 | 1.0 | 77.77 | 39.55 | 43.59 | 104.65 | 4.65 | 0.47 | -4.65 | 0 | 16.28 | 36.83 | -7.3 | 0.74 |
| 22Q1 (10) | 1.04 | -56.85 | 46.48 | 35.24 | -15.06 | 16.19 | 15.74 | -40.96 | 61.93 | 15.72 | -40.63 | 48.58 | 11.45 | -50.26 | 22.2 | 2.25 | -58.02 | 27.12 | 1.52 | -57.06 | 24.59 | 0.13 | -13.33 | 8.33 | 46.40 | -11.75 | 9.25 | 55.73 | 2.99 | -4.77 | 100.00 | 0.0 | 10.34 | 0.00 | 100.0 | -100.0 | 39.73 | 11.98 | -10.26 |
| 21Q4 (9) | 2.41 | 38.51 | -6.95 | 41.49 | 10.35 | 5.71 | 26.66 | 29.54 | 30.49 | 26.48 | 27.49 | 35.31 | 23.02 | 21.99 | 39.18 | 5.36 | 34.34 | -19.28 | 3.54 | 33.08 | -25.0 | 0.15 | 7.14 | -46.43 | 52.58 | 6.85 | 7.97 | 54.11 | 0.95 | 12.26 | 100.00 | 1.28 | -4.76 | -0.88 | -169.91 | 78.76 | 35.48 | -5.56 | -7.14 |
| 21Q3 (8) | 1.74 | 30.83 | 0 | 37.60 | -5.22 | 0 | 20.58 | 0.19 | 0 | 20.77 | 6.13 | 0 | 18.87 | 25.88 | 0 | 3.99 | 23.91 | 0 | 2.66 | 24.88 | 0 | 0.14 | 0.0 | 0 | 49.21 | 2.33 | 0 | 53.60 | -1.03 | 0 | 98.73 | -5.22 | 0 | 1.27 | 122.78 | 0 | 37.57 | 2.76 | 0 |
| 21Q2 (7) | 1.33 | 87.32 | 0 | 39.67 | 30.79 | 0 | 20.54 | 111.32 | 0 | 19.57 | 84.97 | 0 | 14.99 | 59.98 | 0 | 3.22 | 81.92 | 0 | 2.13 | 74.59 | 0 | 0.14 | 16.67 | 0 | 48.09 | 13.23 | 0 | 54.16 | -7.45 | 0 | 104.17 | 14.94 | 0 | -5.56 | -159.26 | 0 | 36.56 | -17.42 | 0 |
| 21Q1 (6) | 0.71 | -72.59 | 0 | 30.33 | -22.73 | 0 | 9.72 | -52.42 | 0 | 10.58 | -45.94 | 0 | 9.37 | -43.35 | 0 | 1.77 | -73.34 | 0 | 1.22 | -74.15 | 0 | 0.12 | -57.14 | 0 | 42.47 | -12.79 | 0 | 58.52 | 21.41 | 0 | 90.62 | -13.69 | 0 | 9.38 | 325.0 | 0 | 44.27 | 15.86 | 0 |
| 20Q4 (5) | 2.59 | 0 | 0 | 39.25 | 0 | 0 | 20.43 | 0 | 0 | 19.57 | 0 | 0 | 16.54 | 0 | 0 | 6.64 | 0 | 0 | 4.72 | 0 | 0 | 0.28 | 0 | 0 | 48.70 | 0 | 0 | 48.20 | 0 | 0 | 105.00 | 0 | 0 | -4.17 | 0 | 0 | 38.21 | 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) | 5.59 | -16.19 | 37.06 | -7.93 | 18.30 | -16.29 | 25.52 | -5.69 | 18.01 | -16.43 | 13.89 | -16.73 | 10.17 | -21.35 | 6.78 | -23.39 | 0.47 | -7.84 | 44.71 | -9.64 | 65.85 | 34.97 | 101.47 | 0.13 | -1.47 | 0 | 0.19 | 43.95 | 39.96 | 6.39 |
| 2022 (9) | 6.67 | 7.41 | 40.25 | 6.57 | 21.86 | 8.65 | 27.06 | -2.52 | 21.55 | 7.48 | 16.68 | -2.91 | 12.93 | -11.62 | 8.85 | -10.88 | 0.51 | -8.93 | 49.48 | 1.87 | 48.79 | -9.83 | 101.34 | 1.0 | -1.34 | 0 | 0.13 | -45.96 | 37.56 | -1.34 |
| 2021 (8) | 6.21 | 53.33 | 37.77 | 2.47 | 20.12 | 15.57 | 27.76 | -5.82 | 20.05 | 18.71 | 17.18 | 20.22 | 14.63 | 40.67 | 9.93 | 33.11 | 0.56 | 12.0 | 48.57 | 3.36 | 54.11 | 12.26 | 100.34 | -2.76 | -0.34 | 0 | 0.24 | 181.62 | 38.07 | -4.8 |
| 2020 (7) | 4.05 | 78.41 | 36.86 | 9.44 | 17.41 | 32.5 | 29.47 | 2.55 | 16.89 | 42.53 | 14.29 | 49.63 | 10.40 | 46.69 | 7.46 | 45.42 | 0.50 | 0.0 | 46.99 | 12.98 | 48.20 | 19.93 | 103.19 | -6.85 | -3.19 | 0 | 0.09 | 0 | 39.99 | -10.52 |
| 2019 (6) | 2.27 | -18.35 | 33.68 | -9.66 | 13.14 | -1.94 | 28.74 | 15.45 | 11.85 | -8.35 | 9.55 | -0.83 | 7.09 | -17.27 | 5.13 | -9.04 | 0.50 | -10.71 | 41.59 | 8.45 | 40.19 | -35.73 | 110.78 | 6.02 | -10.78 | 0 | 0.00 | 0 | 44.69 | -9.57 |
| 2018 (5) | 2.78 | 0 | 37.28 | 0 | 13.40 | 0 | 24.89 | 0 | 12.93 | 0 | 9.63 | 0 | 8.57 | 0 | 5.64 | 0 | 0.56 | 0 | 38.35 | 0 | 62.53 | 14.38 | 104.49 | 0 | -3.37 | 0 | 0.00 | 0 | 49.42 | 0 |
| 2017 (4) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 54.67 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 |
