- 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) | 0.62 | 12.73 | -29.55 | 38.98 | 9.99 | 11.69 | 17.00 | 28.01 | 20.65 | 13.36 | 2.69 | -29.27 | 10.64 | 15.9 | -22.22 | 2.58 | 14.16 | -31.2 | 1.68 | 13.51 | -24.66 | 0.15 | -6.25 | -6.25 | 18.13 | 3.6 | -23.57 | 52.61 | -19.68 | -22.68 | 126.92 | 22.22 | 73.46 | -26.92 | -600.0 | -210.38 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.55 | 44.74 | -52.99 | 35.44 | 11.76 | -5.34 | 13.28 | 116.29 | -34.45 | 13.01 | 31.81 | -38.52 | 9.18 | 21.43 | -39.64 | 2.26 | 47.71 | -54.25 | 1.48 | 40.95 | -50.83 | 0.16 | 23.08 | -15.79 | 17.50 | 13.78 | -28.6 | 65.50 | 27.38 | -21.31 | 103.85 | 76.54 | 7.84 | -3.85 | -110.9 | -203.85 | 18.77 | -14.64 | 23.73 |
| 24Q1 (18) | 0.38 | -55.81 | -66.96 | 31.71 | -6.02 | -21.04 | 6.14 | -51.77 | -72.04 | 9.87 | -41.87 | -54.52 | 7.56 | -34.09 | -54.18 | 1.53 | -56.29 | -68.12 | 1.05 | -52.7 | -67.49 | 0.13 | -31.58 | -31.58 | 15.38 | -26.34 | -39.52 | 51.42 | -11.74 | -1.51 | 58.82 | -22.79 | -42.33 | 35.29 | 34.76 | 1864.71 | 21.99 | 31.05 | 33.52 |
| 23Q4 (17) | 0.86 | -2.27 | -28.33 | 33.74 | -3.32 | -11.19 | 12.73 | -9.65 | -30.44 | 16.98 | -10.11 | -8.46 | 11.47 | -16.15 | -19.34 | 3.50 | -6.67 | -33.21 | 2.22 | -0.45 | -31.9 | 0.19 | 18.75 | -13.64 | 20.88 | -11.97 | -5.31 | 58.26 | -14.37 | 23.2 | 76.19 | 4.13 | -23.81 | 26.19 | 7.38 | 1130.95 | 16.78 | -7.29 | -1.87 |
| 23Q3 (16) | 0.88 | -24.79 | -52.69 | 34.90 | -6.78 | -14.79 | 14.09 | -30.45 | -38.34 | 18.89 | -10.73 | -25.98 | 13.68 | -10.06 | -31.6 | 3.75 | -24.09 | -60.86 | 2.23 | -25.91 | -56.27 | 0.16 | -15.79 | -36.0 | 23.72 | -3.22 | -17.12 | 68.04 | -18.26 | -19.68 | 73.17 | -24.02 | -18.7 | 24.39 | 558.54 | 143.9 | 18.10 | 19.31 | 39.77 |
| 23Q2 (15) | 1.17 | 1.74 | 23.16 | 37.44 | -6.77 | 3.77 | 20.26 | -7.74 | 44.4 | 21.16 | -2.49 | 23.96 | 15.21 | -7.82 | 4.82 | 4.94 | 2.92 | -0.8 | 3.01 | -6.81 | 11.07 | 0.19 | 0.0 | 5.56 | 24.51 | -3.62 | 12.64 | 83.24 | 59.43 | -13.89 | 96.30 | -5.59 | 17.7 | 3.70 | 285.19 | -79.63 | 15.17 | -7.89 | -12.36 |
| 23Q1 (14) | 1.15 | -4.17 | 144.68 | 40.16 | 5.71 | 47.92 | 21.96 | 20.0 | 148.7 | 21.70 | 16.98 | 131.84 | 16.50 | 16.03 | 137.41 | 4.80 | -8.4 | 96.72 | 3.23 | -0.92 | 125.87 | 0.19 | -13.64 | -5.0 | 25.43 | 15.33 | 87.4 | 52.21 | 10.4 | -33.73 | 102.00 | 2.0 | 7.67 | -2.00 | -194.0 | -138.0 | 16.47 | -3.68 | 1.17 |
| 22Q4 (13) | 1.20 | -35.48 | 64.38 | 37.99 | -7.25 | 8.54 | 18.30 | -19.91 | 66.67 | 18.55 | -27.31 | 26.88 | 14.22 | -28.9 | 22.38 | 5.24 | -45.3 | 35.4 | 3.26 | -36.08 | 43.61 | 0.22 | -12.0 | 15.79 | 22.05 | -22.96 | 12.1 | 47.29 | -44.17 | -36.76 | 100.00 | 11.11 | 35.0 | 2.13 | -78.72 | -91.79 | 17.10 | 32.05 | 7.61 |
| 22Q3 (12) | 1.86 | 95.79 | 644.0 | 40.96 | 13.53 | 65.83 | 22.85 | 62.87 | 4108.77 | 25.52 | 49.5 | 5004.0 | 20.00 | 37.84 | 321.05 | 9.58 | 92.37 | 594.2 | 5.10 | 88.19 | 537.5 | 0.25 | 38.89 | 56.25 | 28.62 | 31.53 | 346.49 | 84.71 | -12.37 | 13.96 | 90.00 | 10.0 | 190.0 | 10.00 | -45.0 | -95.0 | 12.95 | -25.19 | -36.33 |
| 22Q2 (11) | 0.95 | 102.13 | -21.49 | 36.08 | 32.89 | 0.22 | 14.03 | 58.89 | -28.49 | 17.07 | 82.37 | -20.38 | 14.51 | 108.78 | 11.7 | 4.98 | 104.1 | -26.0 | 2.71 | 89.51 | -24.93 | 0.18 | -10.0 | -33.33 | 21.76 | 60.35 | -12.01 | 96.67 | 22.71 | -2.06 | 81.82 | -13.64 | -10.61 | 18.18 | 245.45 | 114.55 | 17.31 | 6.33 | 57.36 |
| 22Q1 (10) | 0.47 | -35.62 | 88.0 | 27.15 | -22.43 | -14.41 | 8.83 | -19.58 | 84.34 | 9.36 | -35.98 | 111.76 | 6.95 | -40.19 | 65.08 | 2.44 | -36.95 | 82.09 | 1.43 | -37.0 | 76.54 | 0.20 | 5.26 | 11.11 | 13.57 | -31.01 | 41.65 | 78.78 | 5.35 | 0.51 | 94.74 | 27.89 | -17.11 | 5.26 | -79.7 | 136.84 | 16.28 | 2.45 | -15.6 |
| 21Q4 (9) | 0.73 | 192.0 | -42.97 | 35.00 | 41.7 | -3.9 | 10.98 | 2026.32 | -23.8 | 14.62 | 2824.0 | 5.64 | 11.62 | 144.63 | 12.49 | 3.87 | 180.43 | -46.69 | 2.27 | 183.75 | -45.95 | 0.19 | 18.75 | -52.5 | 19.67 | 206.86 | 7.43 | 74.78 | 0.61 | 4.53 | 74.07 | 174.07 | -28.83 | 25.93 | -87.04 | 735.19 | 15.89 | -21.88 | -7.67 |
| 21Q3 (8) | 0.25 | -79.34 | 0 | 24.70 | -31.39 | 0 | -0.57 | -102.91 | 0 | 0.50 | -97.67 | 0 | 4.75 | -63.43 | 0 | 1.38 | -79.49 | 0 | 0.80 | -77.84 | 0 | 0.16 | -40.74 | 0 | 6.41 | -74.08 | 0 | 74.33 | -24.69 | 0 | -100.00 | -209.26 | 0 | 200.00 | 2260.0 | 0 | 20.34 | 84.91 | 0 |
| 21Q2 (7) | 1.21 | 384.0 | 0 | 36.00 | 13.49 | 0 | 19.62 | 309.6 | 0 | 21.44 | 385.07 | 0 | 12.99 | 208.55 | 0 | 6.73 | 402.24 | 0 | 3.61 | 345.68 | 0 | 0.27 | 50.0 | 0 | 24.73 | 158.14 | 0 | 98.70 | 25.92 | 0 | 91.53 | -19.92 | 0 | 8.47 | 159.32 | 0 | 11.00 | -42.98 | 0 |
| 21Q1 (6) | 0.25 | -80.47 | 0 | 31.72 | -12.9 | 0 | 4.79 | -66.76 | 0 | 4.42 | -68.06 | 0 | 4.21 | -59.24 | 0 | 1.34 | -81.54 | 0 | 0.81 | -80.71 | 0 | 0.18 | -55.0 | 0 | 9.58 | -47.68 | 0 | 78.38 | 9.56 | 0 | 114.29 | 9.8 | 0 | -14.29 | -250.0 | 0 | 19.29 | 12.09 | 0 |
| 20Q4 (5) | 1.28 | 0 | 0 | 36.42 | 0 | 0 | 14.41 | 0 | 0 | 13.84 | 0 | 0 | 10.33 | 0 | 0 | 7.26 | 0 | 0 | 4.20 | 0 | 0 | 0.40 | 0 | 0 | 18.31 | 0 | 0 | 71.54 | 0 | 0 | 104.08 | 0 | 0 | -4.08 | 0 | 0 | 17.21 | 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) | 4.06 | -7.94 | 36.56 | 1.19 | 17.31 | 3.53 | 3.36 | 0.08 | 19.69 | 7.42 | 14.20 | -1.66 | 16.85 | -15.5 | 11.30 | -11.65 | 0.78 | -10.34 | 23.53 | 5.94 | 58.26 | 23.2 | 88.24 | -3.17 | 12.30 | 38.57 | 0.15 | -12.74 | 16.57 | 5.34 |
| 2022 (9) | 4.41 | 80.0 | 36.13 | 10.86 | 16.72 | 60.92 | 3.36 | -17.82 | 18.33 | 52.62 | 14.44 | 57.99 | 19.94 | 50.95 | 12.79 | 63.14 | 0.87 | 4.82 | 22.21 | 33.8 | 47.29 | -36.76 | 91.12 | 5.75 | 8.88 | -35.82 | 0.17 | -14.6 | 15.73 | -0.38 |
| 2021 (8) | 2.45 | 13.43 | 32.59 | -12.25 | 10.39 | -22.46 | 4.09 | -9.24 | 12.01 | -13.22 | 9.14 | -4.49 | 13.21 | 8.37 | 7.84 | 9.96 | 0.83 | 15.28 | 16.60 | -12.35 | 74.78 | 4.53 | 86.17 | -10.82 | 13.83 | 310.28 | 0.20 | -38.66 | 15.79 | -14.74 |
| 2020 (7) | 2.16 | 24.86 | 37.14 | -10.18 | 13.40 | -10.19 | 4.50 | 0.52 | 13.84 | 11.97 | 9.57 | 26.92 | 12.19 | 24.01 | 7.13 | 20.24 | 0.72 | -2.7 | 18.94 | 7.61 | 71.54 | -14.36 | 96.63 | -20.0 | 3.37 | 0 | 0.33 | 0 | 18.52 | 0.43 |
| 2019 (6) | 1.73 | -2.81 | 41.35 | 35.0 | 14.92 | 51.78 | 4.48 | 66.08 | 12.36 | 25.87 | 7.54 | -19.1 | 9.83 | 0 | 5.93 | 0 | 0.74 | 0 | 17.60 | 32.43 | 83.54 | 19.19 | 120.78 | 20.78 | -20.78 | 0 | 0.00 | 0 | 18.44 | -3.15 |
| 2018 (5) | 1.78 | 0 | 30.63 | 0 | 9.83 | 0 | 2.70 | 0 | 9.82 | 0 | 9.32 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 13.29 | 0 | 70.09 | 0 | 100.00 | 0 | 0.00 | 0 | 0.00 | 0 | 19.04 | 0 |
