- 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) | 0.44 | -55.1 | -64.23 | 24.44 | -7.0 | -13.97 | 10.53 | -6.98 | -21.77 | 6.07 | -61.39 | -66.9 | 4.53 | -58.63 | -66.74 | 1.73 | -57.28 | -67.48 | 0.98 | -55.05 | -67.55 | 0.20 | 5.26 | -9.09 | 8.27 | -54.86 | -60.51 | 90.48 | -1.96 | 11.55 | 174.36 | 144.62 | 137.56 | -74.36 | -368.84 | -379.49 | 16.55 | -11.59 | -1.43 |
| 24Q2 (19) | 0.98 | 2.08 | 28.95 | 26.28 | 4.87 | 9.5 | 11.32 | 10.65 | 32.86 | 15.72 | -6.48 | 1.09 | 10.95 | -0.64 | 8.42 | 4.05 | 2.27 | 17.73 | 2.18 | -1.8 | 12.95 | 0.19 | -5.0 | 5.56 | 18.32 | -5.95 | -5.18 | 92.29 | -0.17 | 13.43 | 71.28 | 17.18 | 30.67 | 27.66 | -29.4 | -39.15 | 18.72 | 5.35 | -6.35 |
| 24Q1 (18) | 0.96 | -4.95 | 68.42 | 25.06 | -12.44 | -6.35 | 10.23 | -19.89 | -12.49 | 16.81 | 20.76 | 70.83 | 11.02 | -5.16 | 54.13 | 3.96 | -4.81 | 55.91 | 2.22 | -7.88 | 53.1 | 0.20 | 0.0 | 5.26 | 19.48 | 16.51 | 45.37 | 92.45 | 20.6 | 1.99 | 60.82 | -33.34 | -48.99 | 39.18 | 347.72 | 303.71 | 17.77 | -1.39 | -3.89 |
| 23Q4 (17) | 1.01 | -17.89 | 3266.67 | 28.62 | 0.74 | 64.67 | 12.77 | -5.13 | 257.7 | 13.92 | -24.1 | 1222.58 | 11.62 | -14.68 | 3648.39 | 4.16 | -21.8 | 3100.0 | 2.41 | -20.2 | 1506.67 | 0.20 | -9.09 | -4.76 | 16.72 | -20.15 | 563.49 | 76.66 | -5.49 | -5.15 | 91.25 | 24.33 | 130.42 | 8.75 | -67.11 | -97.89 | 18.02 | 7.33 | 13.62 |
| 23Q3 (16) | 1.23 | 61.84 | -32.04 | 28.41 | 18.38 | 18.47 | 13.46 | 57.98 | 17.97 | 18.34 | 17.94 | -7.84 | 13.62 | 34.85 | -7.47 | 5.32 | 54.65 | -37.85 | 3.02 | 56.48 | -24.88 | 0.22 | 22.22 | -18.52 | 20.94 | 8.39 | -9.27 | 81.11 | -0.31 | -27.26 | 73.39 | 34.56 | 26.93 | 26.61 | -41.47 | -37.92 | 16.79 | -16.01 | 44.24 |
| 23Q2 (15) | 0.76 | 33.33 | -33.91 | 24.00 | -10.31 | 14.89 | 8.52 | -27.12 | 5.45 | 15.55 | 58.03 | 3.67 | 10.10 | 41.26 | -6.48 | 3.44 | 35.43 | -40.99 | 1.93 | 33.1 | -25.19 | 0.18 | -5.26 | -21.74 | 19.32 | 44.18 | 11.42 | 81.36 | -10.25 | -34.86 | 54.55 | -54.25 | 0.7 | 45.45 | 336.36 | -0.83 | 19.99 | 8.11 | 21.08 |
| 23Q1 (14) | 0.57 | 1800.0 | -48.65 | 26.76 | 53.97 | 43.64 | 11.69 | 227.45 | 55.45 | 9.84 | 893.55 | -3.53 | 7.15 | 2206.45 | -20.38 | 2.54 | 1853.85 | -55.59 | 1.45 | 866.67 | -42.69 | 0.19 | -9.52 | -29.63 | 13.40 | 431.75 | 9.84 | 90.65 | 12.16 | -36.65 | 119.23 | 139.74 | 61.81 | -19.23 | -104.64 | -173.08 | 18.49 | 16.58 | 38.29 |
| 22Q4 (13) | 0.03 | -98.34 | -96.84 | 17.38 | -27.52 | -20.78 | 3.57 | -68.71 | -56.99 | -1.24 | -106.23 | -117.46 | 0.31 | -97.89 | -95.88 | 0.13 | -98.48 | -97.33 | 0.15 | -96.27 | -93.33 | 0.21 | -22.22 | -27.59 | 2.52 | -89.08 | -72.22 | 80.82 | -27.52 | -34.63 | -300.00 | -618.82 | -356.45 | 414.29 | 866.67 | 2539.68 | 15.86 | 36.25 | 13.29 |
| 22Q3 (12) | 1.81 | 57.39 | 546.43 | 23.98 | 14.79 | 33.0 | 11.41 | 41.21 | 218.72 | 19.90 | 32.67 | 323.4 | 14.72 | 36.3 | 495.95 | 8.56 | 46.83 | 445.22 | 4.02 | 55.81 | 450.68 | 0.27 | 17.39 | -3.57 | 23.08 | 33.1 | 246.03 | 111.51 | -10.72 | -11.27 | 57.82 | 6.75 | -22.9 | 42.86 | -6.49 | 71.43 | 11.64 | -29.5 | -23.07 |
| 22Q2 (11) | 1.15 | 3.6 | -23.84 | 20.89 | 12.13 | 8.01 | 8.08 | 7.45 | -0.49 | 15.00 | 47.06 | 98.41 | 10.80 | 20.27 | 64.89 | 5.83 | 1.92 | -27.03 | 2.58 | 1.98 | -31.93 | 0.23 | -14.81 | -58.18 | 17.34 | 42.13 | 76.04 | 124.90 | -12.72 | 8.48 | 54.17 | -26.49 | -49.28 | 45.83 | 74.17 | 690.1 | 16.51 | 23.49 | 28.28 |
| 22Q1 (10) | 1.11 | 16.84 | 0 | 18.63 | -15.09 | 0 | 7.52 | -9.4 | 0 | 10.20 | 43.66 | 0 | 8.98 | 19.26 | 0 | 5.72 | 17.45 | 0 | 2.53 | 12.44 | 0 | 0.27 | -6.9 | 0 | 12.20 | 34.51 | 0 | 143.10 | 15.74 | 0 | 73.68 | -37.01 | 0 | 26.32 | 254.97 | 0 | 13.37 | -4.5 | 0 |
| 21Q4 (9) | 0.95 | 239.29 | -48.09 | 21.94 | 21.69 | -9.23 | 8.30 | 131.84 | -33.12 | 7.10 | 51.06 | -27.62 | 7.53 | 204.86 | 3.29 | 4.87 | 210.19 | -54.91 | 2.25 | 208.22 | -52.53 | 0.29 | 3.57 | -53.23 | 9.07 | 35.98 | -23.01 | 123.64 | -1.62 | -6.05 | 116.98 | 55.97 | -7.65 | -16.98 | -167.92 | 36.32 | 14.00 | -7.47 | 18.85 |
| 21Q3 (8) | 0.28 | -81.46 | 0 | 18.03 | -6.77 | 0 | 3.58 | -55.91 | 0 | 4.70 | -37.83 | 0 | 2.47 | -62.29 | 0 | 1.57 | -80.35 | 0 | 0.73 | -80.74 | 0 | 0.28 | -49.09 | 0 | 6.67 | -32.28 | 0 | 125.67 | 9.15 | 0 | 75.00 | -29.77 | 0 | 25.00 | 421.88 | 0 | 15.13 | 17.56 | 0 |
| 21Q2 (7) | 1.51 | 0 | 11.85 | 19.34 | 0 | 4.03 | 8.12 | 0 | 5.05 | 7.56 | 0 | -1.43 | 6.55 | 0 | 14.11 | 7.99 | 0 | 6.11 | 3.79 | 0 | 20.7 | 0.55 | 0 | 5.77 | 9.85 | 0 | -4.28 | 115.14 | 0 | -29.04 | 106.80 | 0 | 5.55 | -7.77 | 0 | -560.19 | 12.87 | 0 | 3.87 |
| 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) | 3.57 | -11.85 | 27.07 | 33.02 | 11.74 | 49.55 | 2.59 | 13.94 | 14.51 | 26.5 | 10.74 | 18.41 | 14.92 | -17.66 | 8.66 | -8.26 | 0.78 | -22.0 | 17.65 | 24.21 | 76.66 | -5.15 | 80.88 | 17.92 | 19.12 | -39.74 | 0.21 | 93.46 | 18.24 | 28.63 |
| 2022 (9) | 4.05 | 48.9 | 20.35 | 3.19 | 7.85 | 11.03 | 2.28 | 37.8 | 11.47 | 70.18 | 9.07 | 55.84 | 18.12 | 22.18 | 9.44 | 37.61 | 1.00 | -10.71 | 14.21 | 60.2 | 80.82 | -34.63 | 68.59 | -34.54 | 31.73 | 0 | 0.11 | -28.32 | 14.18 | 3.35 |
| 2021 (8) | 2.72 | -9.03 | 19.72 | -9.04 | 7.07 | -31.49 | 1.65 | -4.62 | 6.74 | -23.93 | 5.82 | -11.68 | 14.83 | -15.98 | 6.86 | -11.83 | 1.12 | 0.0 | 8.87 | -20.52 | 123.64 | -6.05 | 104.79 | -9.95 | -4.79 | 0 | 0.15 | -13.09 | 13.72 | 13.86 |
| 2020 (7) | 2.99 | -16.94 | 21.68 | -4.37 | 10.32 | 10.85 | 1.73 | -14.22 | 8.86 | -5.74 | 6.59 | -0.9 | 17.65 | -11.22 | 7.78 | -6.71 | 1.12 | -4.27 | 11.16 | -7.84 | 131.60 | -10.44 | 116.36 | 17.44 | -16.36 | 0 | 0.17 | 0 | 12.05 | -18.91 |
| 2019 (6) | 3.60 | -32.08 | 22.67 | -2.54 | 9.31 | 1.31 | 2.02 | 20.21 | 9.40 | -21.6 | 6.65 | -27.64 | 19.88 | 0 | 8.34 | 0 | 1.17 | 0 | 12.11 | -15.9 | 146.94 | -10.52 | 99.09 | 29.69 | 0.91 | -96.06 | 0.00 | 0 | 14.86 | 12.92 |
| 2018 (5) | 5.30 | 0 | 23.26 | 0 | 9.19 | 0 | 1.68 | 0 | 11.99 | 0 | 9.19 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 14.40 | 0 | 164.22 | 0 | 76.40 | 0 | 23.20 | 0 | 0.00 | 0 | 13.16 | 0 |
