- 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) | 1.08 | 16.13 | -5.26 | 48.16 | 6.74 | -0.17 | 18.14 | 29.66 | 1.85 | 17.24 | 6.09 | -12.44 | 13.79 | 5.75 | -12.89 | 3.68 | 11.85 | -10.24 | 2.88 | 26.87 | -5.57 | 0.21 | 23.53 | 10.53 | 20.95 | 5.28 | -8.11 | 27.01 | -10.5 | -20.51 | 105.56 | 21.19 | 17.97 | -5.56 | -143.06 | -152.78 | 20.52 | -10.67 | -10.82 |
| 24Q2 (19) | 0.93 | -40.76 | -26.19 | 45.12 | -4.1 | -9.81 | 13.99 | -32.38 | -24.91 | 16.25 | -30.91 | -20.62 | 13.04 | -29.82 | -20.44 | 3.29 | -39.63 | -37.81 | 2.27 | -36.59 | -35.14 | 0.17 | -10.53 | -19.05 | 19.90 | -26.27 | -16.18 | 30.18 | -52.1 | -21.2 | 87.10 | -1.78 | -3.49 | 12.90 | 13.98 | 32.26 | 22.97 | 22.05 | -2.92 |
| 24Q1 (18) | 1.57 | 10.56 | 23.62 | 47.05 | -2.85 | -4.87 | 20.69 | -9.45 | -0.19 | 23.52 | 9.4 | 11.47 | 18.58 | 11.19 | 13.99 | 5.45 | 14.98 | -6.52 | 3.58 | 4.68 | -2.19 | 0.19 | -5.0 | -13.64 | 26.99 | 8.44 | 11.48 | 63.01 | 37.76 | -15.1 | 88.68 | -16.64 | -9.05 | 11.32 | 277.36 | 352.83 | 18.82 | 4.21 | 1.73 |
| 23Q4 (17) | 1.42 | 24.56 | 2.9 | 48.43 | 0.39 | -5.45 | 22.85 | 28.3 | 9.02 | 21.50 | 9.19 | 4.47 | 16.71 | 5.56 | 0.54 | 4.74 | 15.61 | -23.18 | 3.42 | 12.13 | -19.15 | 0.20 | 5.26 | -20.0 | 24.89 | 9.17 | 4.76 | 45.74 | 34.61 | -5.77 | 106.38 | 18.9 | 6.38 | -6.38 | -160.64 | -168.09 | 18.06 | -21.51 | -8.97 |
| 23Q3 (16) | 1.14 | -9.52 | -17.39 | 48.24 | -3.58 | -7.89 | 17.81 | -4.4 | -12.09 | 19.69 | -3.81 | -21.93 | 15.83 | -3.42 | -21.75 | 4.10 | -22.5 | -37.69 | 3.05 | -12.86 | -31.92 | 0.19 | -9.52 | -13.64 | 22.80 | -3.96 | -24.3 | 33.98 | -11.28 | -25.79 | 89.47 | -0.85 | 10.53 | 10.53 | 7.89 | -44.74 | 23.01 | -2.75 | 6.04 |
| 23Q2 (15) | 1.26 | -0.79 | 0.0 | 50.03 | 1.15 | 0.08 | 18.63 | -10.13 | -13.83 | 20.47 | -2.99 | -13.41 | 16.39 | 0.55 | -13.74 | 5.29 | -9.26 | -17.73 | 3.50 | -4.37 | -7.89 | 0.21 | -4.55 | 5.0 | 23.74 | -1.94 | -12.59 | 38.30 | -48.4 | -23.34 | 90.24 | -7.44 | -2.02 | 9.76 | 290.24 | 23.58 | 23.66 | 27.89 | 9.64 |
| 23Q1 (14) | 1.27 | -7.97 | -36.5 | 49.46 | -3.44 | -12.92 | 20.73 | -1.1 | -34.79 | 21.10 | 2.53 | -40.66 | 16.30 | -1.93 | -41.49 | 5.83 | -5.51 | -35.58 | 3.66 | -13.48 | -34.88 | 0.22 | -12.0 | 10.0 | 24.21 | 1.89 | -37.7 | 74.22 | 52.9 | -20.48 | 97.50 | -2.5 | 7.95 | 2.50 | 205.0 | -77.86 | 18.50 | -6.75 | -4.15 |
| 22Q4 (13) | 1.38 | 0.0 | -6.12 | 51.22 | -2.2 | -0.19 | 20.96 | 3.46 | -9.89 | 20.58 | -18.4 | -16.17 | 16.62 | -17.84 | -15.46 | 6.17 | -6.23 | 3.18 | 4.23 | -5.58 | -2.53 | 0.25 | 13.64 | 13.64 | 23.76 | -21.12 | -15.68 | 48.54 | 6.01 | 28.92 | 100.00 | 23.53 | 7.14 | -2.38 | -112.5 | -153.57 | 19.84 | -8.57 | 10.47 |
| 22Q3 (12) | 1.38 | 9.52 | 17.95 | 52.37 | 4.76 | 2.83 | 20.26 | -6.29 | -10.71 | 25.22 | 6.68 | 12.49 | 20.23 | 6.47 | 12.64 | 6.58 | 2.33 | 25.81 | 4.48 | 17.89 | 23.42 | 0.22 | 10.0 | 10.0 | 30.12 | 10.9 | 14.74 | 45.79 | -8.35 | 14.16 | 80.95 | -12.11 | -19.05 | 19.05 | 141.27 | 0 | 21.70 | 0.56 | 1.45 |
| 22Q2 (11) | 1.26 | -37.0 | -55.48 | 49.99 | -11.99 | -3.96 | 21.62 | -31.99 | -15.94 | 23.64 | -33.52 | -6.0 | 19.00 | -31.8 | -2.06 | 6.43 | -28.95 | -49.84 | 3.80 | -32.38 | -55.76 | 0.20 | 0.0 | -54.55 | 27.16 | -30.11 | -5.07 | 49.96 | -46.47 | 1.48 | 92.11 | 1.97 | -9.92 | 7.89 | -30.08 | 451.32 | 21.58 | 11.81 | 6.62 |
| 22Q1 (10) | 2.00 | 36.05 | 0 | 56.80 | 10.68 | 0 | 31.79 | 36.67 | 0 | 35.56 | 44.85 | 0 | 27.86 | 41.71 | 0 | 9.05 | 51.34 | 0 | 5.62 | 29.49 | 0 | 0.20 | -9.09 | 0 | 38.86 | 37.9 | 0 | 93.33 | 147.89 | 0 | 90.32 | -3.23 | 0 | 11.29 | 154.03 | 0 | 19.30 | 7.46 | 0 |
| 21Q4 (9) | 1.47 | 25.64 | 0 | 51.32 | 0.77 | 0 | 23.26 | 2.51 | 0 | 24.55 | 9.5 | 0 | 19.66 | 9.47 | 0 | 5.98 | 14.34 | 0 | 4.34 | 19.56 | 0 | 0.22 | 10.0 | 0 | 28.18 | 7.35 | 0 | 37.65 | -6.13 | 0 | 93.33 | -6.67 | 0 | 4.44 | 0 | 0 | 17.96 | -16.04 | 0 |
| 21Q3 (8) | 1.17 | -58.66 | 0 | 50.93 | -2.15 | 0 | 22.69 | -11.78 | 0 | 22.42 | -10.85 | 0 | 17.96 | -7.42 | 0 | 5.23 | -59.2 | 0 | 3.63 | -57.74 | 0 | 0.20 | -54.55 | 0 | 26.25 | -8.25 | 0 | 40.11 | -18.53 | 0 | 100.00 | -2.2 | 0 | 0.00 | 100.0 | 0 | 21.39 | 5.68 | 0 |
| 21Q2 (7) | 2.83 | 0 | 0 | 52.05 | 0 | 0 | 25.72 | 0 | 0 | 25.15 | 0 | 0 | 19.40 | 0 | 0 | 12.82 | 0 | 0 | 8.59 | 0 | 0 | 0.44 | 0 | 0 | 28.61 | 0 | 0 | 49.23 | 0 | 0 | 102.25 | 0 | 0 | -2.25 | 0 | 0 | 20.24 | 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) | 5.04 | -16.14 | 49.03 | -6.77 | 20.09 | -14.98 | 3.00 | -15.51 | 20.72 | -20.58 | 16.32 | -21.54 | 19.23 | -22.96 | 13.22 | -24.84 | 0.80 | -4.76 | 23.97 | -19.54 | 45.74 | -5.77 | 96.99 | 6.86 | 3.01 | -67.4 | 0.17 | 43.84 | 20.74 | 0.97 |
| 2022 (9) | 6.01 | 10.07 | 52.59 | 1.9 | 23.63 | -3.08 | 3.55 | 7.0 | 26.09 | 7.1 | 20.80 | 8.67 | 24.96 | 6.39 | 17.59 | 7.26 | 0.84 | -1.18 | 29.79 | 6.58 | 48.54 | 28.92 | 90.76 | -9.24 | 9.24 | 0 | 0.12 | 1.2 | 20.54 | 3.16 |
| 2021 (8) | 5.46 | 2.06 | 51.61 | 0.9 | 24.38 | 1.16 | 3.31 | -21.53 | 24.36 | 2.7 | 19.14 | 2.63 | 23.46 | -13.91 | 16.40 | -6.77 | 0.85 | -8.6 | 27.95 | -1.45 | 37.65 | -27.55 | 100.00 | -1.87 | 0.00 | 0 | 0.12 | 0 | 19.91 | -15.17 |
| 2020 (7) | 5.35 | 13.11 | 51.15 | -4.18 | 24.10 | 8.56 | 4.22 | -17.79 | 23.72 | 8.71 | 18.65 | 15.12 | 27.25 | -0.4 | 17.59 | 7.26 | 0.93 | -6.06 | 28.36 | 2.87 | 51.97 | -17.52 | 101.91 | -0.44 | -1.91 | 0 | 0.00 | 0 | 23.47 | 1.73 |
| 2019 (6) | 4.73 | 272.44 | 53.38 | 17.94 | 22.20 | 199.19 | 5.14 | -4.97 | 21.82 | 189.39 | 16.20 | 119.22 | 27.36 | 0 | 16.40 | 0 | 0.99 | 0 | 27.57 | 104.07 | 63.01 | -23.09 | 102.36 | 2.36 | -1.57 | 0 | 0.00 | 0 | 23.07 | -15.28 |
| 2018 (5) | 1.27 | 0 | 45.26 | 0 | 7.42 | 0 | 5.41 | 0 | 7.54 | 0 | 7.39 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 13.51 | 0 | 81.93 | 0 | 100.00 | 0 | 0.00 | 0 | 0.00 | 0 | 27.23 | 0 |
