- 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) | -0.15 | -137.5 | 78.26 | 38.58 | 1.26 | 48.38 | -0.48 | -124.24 | 97.46 | -2.68 | -146.37 | 80.54 | -1.80 | -135.71 | 82.64 | -0.43 | -132.82 | 79.13 | -0.09 | -110.59 | 91.09 | 0.13 | -7.14 | 18.18 | 14.54 | -39.92 | 103.64 | 67.98 | -30.07 | -13.35 | 16.67 | -45.83 | -88.02 | 83.33 | 35.42 | 312.96 | 46.34 | 4.06 | -13.32 |
| 24Q2 (19) | 0.40 | -24.53 | 600.0 | 38.10 | -9.97 | -0.39 | 1.98 | -26.39 | 181.15 | 5.78 | -10.8 | 501.39 | 5.04 | -28.51 | 554.05 | 1.31 | -19.14 | 695.45 | 0.85 | -15.84 | 0 | 0.14 | 16.67 | 27.27 | 24.20 | -10.8 | 25.98 | 97.21 | 13.09 | 14.03 | 30.77 | -26.15 | -76.92 | 61.54 | 5.49 | 192.31 | 44.53 | 0.7 | 1.88 |
| 24Q1 (18) | 0.53 | 146.9 | 303.85 | 42.32 | 64.29 | 3.93 | 2.69 | 115.41 | 157.73 | 6.48 | 130.62 | 218.03 | 7.05 | 145.57 | 303.76 | 1.62 | 147.93 | 325.0 | 1.01 | 158.72 | 425.81 | 0.12 | 0.0 | 0.0 | 27.13 | 5032.73 | 117.04 | 85.96 | -1.35 | 30.4 | 41.67 | -50.52 | -47.92 | 58.33 | 216.67 | 483.33 | 44.22 | -10.52 | -4.2 |
| 23Q4 (17) | -1.13 | -63.77 | -239.51 | 25.76 | -0.92 | -35.37 | -17.46 | 7.47 | -533.25 | -21.16 | -53.67 | -352.51 | -15.47 | -49.18 | -264.05 | -3.38 | -64.08 | -235.2 | -1.72 | -70.3 | -217.81 | 0.12 | 9.09 | -14.29 | -0.55 | -107.7 | -102.32 | 87.14 | 11.08 | 4.66 | 84.21 | -39.47 | 78.95 | 18.42 | 147.08 | -65.2 | 49.42 | -7.56 | 16.56 |
| 23Q3 (16) | -0.69 | -762.5 | -132.24 | 26.00 | -32.03 | -51.49 | -18.87 | -673.36 | -201.02 | -13.77 | -856.25 | -159.64 | -10.37 | -834.23 | -152.94 | -2.06 | -836.36 | -129.86 | -1.01 | 0 | -127.9 | 0.11 | 0.0 | -38.89 | 7.14 | -62.83 | -79.63 | 78.45 | -7.98 | -12.92 | 139.13 | 4.35 | 71.69 | -39.13 | 41.3 | -306.32 | 53.46 | 22.31 | 1.1 |
| 23Q2 (15) | -0.08 | 69.23 | -104.97 | 38.25 | -6.07 | -24.7 | -2.44 | 47.64 | -114.84 | -1.44 | 73.77 | -107.45 | -1.11 | 67.92 | -106.9 | -0.22 | 69.44 | -104.15 | 0.00 | 100.0 | -100.0 | 0.11 | -8.33 | -35.29 | 19.21 | 53.68 | -39.21 | 85.25 | 29.32 | -18.16 | 133.33 | 66.67 | 57.89 | -66.67 | -766.67 | -528.57 | 43.71 | -5.31 | 51.19 |
| 23Q1 (14) | -0.26 | -132.1 | -119.85 | 40.72 | 2.16 | -21.59 | -4.66 | -215.63 | -131.34 | -5.49 | -165.51 | -130.37 | -3.46 | -136.69 | -124.09 | -0.72 | -128.8 | -116.63 | -0.31 | -121.23 | -112.97 | 0.12 | -14.29 | -25.0 | 12.50 | -47.35 | -59.81 | 65.92 | -20.83 | -27.24 | 80.00 | 70.0 | -1.94 | 10.00 | -81.11 | -45.71 | 46.16 | 8.87 | -2.6 |
| 22Q4 (13) | 0.81 | -62.15 | -46.0 | 39.86 | -25.63 | -19.85 | 4.03 | -78.43 | -77.59 | 8.38 | -63.71 | -52.52 | 9.43 | -51.86 | -39.24 | 2.50 | -63.77 | -52.47 | 1.46 | -59.67 | -49.13 | 0.14 | -22.22 | -22.22 | 23.74 | -32.29 | -17.66 | 83.26 | -7.58 | -7.15 | 47.06 | -41.93 | -54.12 | 52.94 | 179.14 | 2164.71 | 42.40 | -19.82 | 1.92 |
| 22Q3 (12) | 2.14 | 32.92 | 51.77 | 53.60 | 5.51 | 2.21 | 18.68 | 13.63 | -1.48 | 23.09 | 19.39 | 22.04 | 19.59 | 21.83 | 30.08 | 6.90 | 30.19 | 27.54 | 3.62 | 29.29 | 23.13 | 0.18 | 5.88 | -5.26 | 35.06 | 10.95 | 14.73 | 90.09 | -13.52 | -1.69 | 81.03 | -4.04 | -18.97 | 18.97 | 21.92 | 0 | 52.88 | 82.91 | 10.93 |
| 22Q2 (11) | 1.61 | 22.9 | -40.59 | 50.80 | -2.18 | -8.19 | 16.44 | 10.56 | -17.55 | 19.34 | 6.97 | 12.7 | 16.08 | 11.98 | 0.12 | 5.30 | 22.4 | -50.33 | 2.80 | 17.15 | -50.09 | 0.17 | 6.25 | -50.0 | 31.60 | 1.61 | 5.69 | 104.17 | 14.98 | 1.54 | 84.44 | 3.51 | -26.52 | 15.56 | -15.56 | 194.75 | 28.91 | -39.0 | -24.67 |
| 22Q1 (10) | 1.31 | -12.67 | 0 | 51.93 | 4.42 | 0 | 14.87 | -17.3 | 0 | 18.08 | 2.44 | 0 | 14.36 | -7.47 | 0 | 4.33 | -17.68 | 0 | 2.39 | -16.72 | 0 | 0.16 | -11.11 | 0 | 31.10 | 7.87 | 0 | 90.60 | 1.04 | 0 | 81.58 | -20.46 | 0 | 18.42 | 818.42 | 0 | 47.39 | 13.92 | 0 |
| 21Q4 (9) | 1.50 | 6.38 | 76.47 | 49.73 | -5.17 | 4.81 | 17.98 | -5.17 | 23.4 | 17.65 | -6.71 | 133.77 | 15.52 | 3.05 | 195.62 | 5.26 | -2.77 | 49.01 | 2.87 | -2.38 | 39.32 | 0.18 | -5.26 | -47.06 | 28.83 | -5.66 | 42.58 | 89.67 | -2.15 | -3.33 | 102.56 | 2.56 | -47.75 | -2.56 | 0 | 97.23 | 41.60 | -12.73 | 10.05 |
| 21Q3 (8) | 1.41 | -47.97 | 0 | 52.44 | -5.22 | 0 | 18.96 | -4.91 | 0 | 18.92 | 10.26 | 0 | 15.06 | -6.23 | 0 | 5.41 | -49.3 | 0 | 2.94 | -47.59 | 0 | 0.19 | -44.12 | 0 | 30.56 | 2.21 | 0 | 91.64 | -10.67 | 0 | 100.00 | -12.99 | 0 | 0.00 | 100.0 | 0 | 47.67 | 24.21 | 0 |
| 21Q2 (7) | 2.71 | 0 | 256.58 | 55.33 | 0 | 15.42 | 19.94 | 0 | 105.78 | 17.16 | 0 | 128.19 | 16.06 | 0 | 176.42 | 10.67 | 0 | 207.49 | 5.61 | 0 | 193.72 | 0.34 | 0 | 17.24 | 29.90 | 0 | 32.77 | 102.59 | 0 | -8.74 | 114.93 | 0 | -8.85 | -16.42 | 0 | 46.06 | 38.38 | 0 | -12.23 |
| 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) | -2.16 | 0 | 32.73 | -33.77 | -10.79 | 0 | 18.21 | 53.98 | -10.48 | 0 | -7.61 | 0 | -6.84 | 0 | -3.19 | 0 | 0.49 | -26.87 | 9.53 | -69.0 | 87.14 | 4.66 | 102.70 | 30.03 | -2.70 | 0 | 0.53 | -39.15 | 48.13 | 11.85 |
| 2022 (9) | 5.87 | 4.45 | 49.42 | -6.88 | 13.94 | -27.24 | 11.82 | 6.03 | 17.67 | -0.45 | 15.19 | -3.0 | 18.91 | -9.52 | 10.63 | -6.59 | 0.67 | -4.29 | 30.74 | 3.09 | 83.26 | -7.15 | 78.98 | -27.02 | 21.02 | 0 | 0.87 | 1009.63 | 43.03 | 3.26 |
| 2021 (8) | 5.62 | 242.68 | 53.07 | 11.33 | 19.16 | 55.14 | 11.15 | -10.92 | 17.75 | 135.41 | 15.66 | 184.73 | 20.90 | 207.35 | 11.38 | 188.1 | 0.70 | 11.11 | 29.82 | 40.2 | 89.67 | -3.33 | 108.22 | -34.01 | -8.22 | 0 | 0.08 | -57.52 | 41.67 | 2.89 |
| 2020 (7) | 1.64 | -10.87 | 47.67 | 1.43 | 12.35 | 28.25 | 12.52 | -9.8 | 7.54 | -7.14 | 5.50 | -22.43 | 6.80 | 0 | 3.95 | 0 | 0.63 | 0 | 21.27 | -9.8 | 92.76 | -8.63 | 164.00 | 38.55 | -64.00 | 0 | 0.18 | 0 | 40.50 | 0.22 |
| 2019 (6) | 1.84 | 0 | 47.00 | 0 | 9.63 | 0 | 13.88 | 0 | 8.12 | 0 | 7.09 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 23.58 | 0 | 101.52 | 0 | 118.37 | 0 | -18.37 | 0 | 0.00 | 0 | 40.41 | 0 |
