- 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) | 0.55 | 289.66 | 167.07 | 36.17 | 10.92 | 123.96 | 8.95 | 167.7 | 128.47 | 11.29 | 217.85 | 145.54 | 11.29 | 217.85 | 145.54 | 3.12 | 290.24 | 176.28 | 2.35 | 299.15 | 164.92 | 0.21 | 75.0 | 40.0 | 24.38 | 112.74 | 605.81 | 33.00 | -8.97 | 152.68 | 79.66 | -42.57 | -37.56 | 20.34 | 152.54 | 176.93 | 23.73 | -36.8 | -26.8 |
| 24Q2 (19) | -0.29 | 63.75 | 78.52 | 32.61 | 6.33 | 330.78 | -13.22 | 72.84 | 80.02 | -9.58 | 77.05 | 83.53 | -9.58 | 77.05 | 83.53 | -1.64 | 63.31 | 74.65 | -1.18 | 65.99 | 79.15 | 0.12 | 50.0 | 20.0 | 11.46 | 218.02 | 133.84 | 36.25 | -9.24 | 196.4 | 138.71 | 19.29 | 21.79 | -38.71 | -137.79 | -178.71 | 37.55 | -36.46 | -12.63 |
| 24Q1 (18) | -0.80 | 33.33 | 43.66 | 30.67 | 123.71 | 412.32 | -48.68 | 6.24 | 70.45 | -41.75 | 20.39 | 73.44 | -41.75 | 20.39 | 73.44 | -4.47 | 29.27 | 30.59 | -3.47 | 36.68 | 36.21 | 0.08 | -20.0 | 166.67 | -9.71 | 62.23 | 88.79 | 39.94 | 127.19 | 148.85 | 116.28 | 17.19 | 11.19 | -16.28 | -2183.72 | -255.81 | 59.10 | 20.76 | -46.2 |
| 23Q4 (17) | -1.20 | -46.34 | 46.9 | 13.71 | -15.11 | 505.62 | -51.92 | -65.14 | 74.81 | -52.44 | -111.54 | 75.86 | -52.44 | -111.54 | 75.86 | -6.32 | -54.52 | 30.32 | -5.48 | -51.38 | 30.28 | 0.10 | -33.33 | 150.0 | -25.71 | -433.4 | 82.54 | 17.58 | 34.61 | -12.14 | 99.22 | -22.23 | 4.58 | 0.78 | 102.96 | -84.77 | 48.94 | 50.96 | -49.55 |
| 23Q3 (16) | -0.82 | 39.26 | 19.61 | 16.15 | 113.34 | 349.23 | -31.44 | 52.48 | 80.53 | -24.79 | 57.37 | 73.43 | -24.79 | 57.37 | 73.43 | -4.09 | 36.79 | 6.83 | -3.62 | 36.04 | 6.94 | 0.15 | 50.0 | 275.0 | -4.82 | 85.77 | 84.44 | 13.06 | 6.79 | 18.62 | 127.59 | 12.03 | -26.1 | -26.44 | -90.34 | 63.61 | 32.42 | -24.57 | -66.27 |
| 23Q2 (15) | -1.35 | 4.93 | -27.36 | 7.57 | 177.09 | 303.49 | -66.16 | 59.84 | 65.8 | -58.15 | 63.01 | 45.48 | -58.15 | 63.01 | 45.48 | -6.47 | -0.47 | -30.97 | -5.66 | -4.04 | -30.41 | 0.10 | 233.33 | 150.0 | -33.87 | 60.89 | 7.53 | 12.23 | -23.8 | -14.65 | 113.89 | 8.91 | -37.51 | -13.89 | -203.57 | 82.92 | 42.98 | -60.87 | -56.25 |
| 23Q1 (14) | -1.42 | 37.17 | -21.37 | -9.82 | -190.53 | 64.47 | -164.75 | 20.06 | 20.89 | -157.19 | 27.63 | -9.88 | -157.19 | 27.63 | -9.88 | -6.44 | 29.0 | -26.27 | -5.44 | 30.79 | -20.89 | 0.03 | -25.0 | 0.0 | -86.60 | 41.18 | -54.37 | 16.05 | -19.79 | 29.75 | 104.58 | 10.23 | -27.84 | -4.58 | -189.22 | 90.0 | 109.85 | 13.25 | -1.83 |
| 22Q4 (13) | -2.26 | -121.57 | 97.08 | -3.38 | 47.84 | 93.9 | -206.08 | -27.63 | 56.75 | -217.21 | -132.83 | 53.75 | -217.21 | -132.83 | 53.75 | -9.07 | -106.61 | 62.03 | -7.86 | -102.06 | 61.26 | 0.04 | 0.0 | 0.0 | -147.22 | -375.36 | 63.29 | 20.01 | 81.74 | 44.69 | 94.87 | -45.05 | -6.36 | 5.13 | 107.06 | 434.8 | 97.00 | 0.92 | -73.62 |
| 22Q3 (12) | -1.02 | 3.77 | 64.46 | -6.48 | -74.19 | 86.39 | -161.47 | 16.54 | 56.83 | -93.29 | 12.54 | 75.25 | -93.29 | 12.54 | 75.25 | -4.39 | 11.13 | 72.32 | -3.89 | 10.37 | 70.88 | 0.04 | 0.0 | 0.0 | -30.97 | 15.45 | 89.23 | 11.01 | -23.17 | -53.54 | 172.64 | -5.27 | 74.06 | -72.64 | 10.66 | -9034.91 | 96.12 | -2.15 | -66.45 |
| 22Q2 (11) | -1.06 | 9.4 | 95.08 | -3.72 | 86.54 | 97.79 | -193.46 | 7.11 | 77.94 | -106.66 | 25.44 | 88.66 | -106.66 | 25.44 | 88.66 | -4.94 | 3.14 | 67.56 | -4.34 | 3.56 | 67.83 | 0.04 | 33.33 | 300.0 | -36.63 | 34.71 | 95.12 | 14.33 | 15.84 | 2.28 | 182.24 | 25.76 | 95.42 | -81.31 | -77.67 | -1306.07 | 98.23 | -12.22 | -71.71 |
| 22Q1 (10) | -1.17 | 98.49 | 94.54 | -27.64 | 50.1 | 92.38 | -208.26 | 56.29 | 88.59 | -143.06 | 69.54 | 91.87 | -143.06 | 69.54 | 91.87 | -5.10 | 78.65 | 59.62 | -4.50 | 77.82 | 59.93 | 0.03 | -25.0 | 200.0 | -56.10 | 86.01 | 95.91 | 12.37 | -10.56 | 5.55 | 144.92 | 43.04 | 39.3 | -45.76 | -2887.65 | -1161.02 | 111.90 | -69.56 | -88.54 |
| 21Q4 (9) | -77.44 | -2598.26 | 0 | -55.39 | -16.37 | 0 | -476.50 | -27.39 | 0 | -469.68 | -24.6 | 0 | -469.68 | -24.6 | 0 | -23.89 | -50.63 | 0 | -20.29 | -51.87 | 0 | 0.04 | 0.0 | 0 | -401.03 | -39.4 | 0 | 13.83 | -41.65 | 0 | 101.31 | 2.14 | 0 | -1.53 | -288.4 | 0 | 367.65 | 28.31 | 0 |
| 21Q3 (8) | -2.87 | 86.68 | 0 | -47.60 | 71.77 | 0 | -374.06 | 57.34 | 0 | -376.96 | 59.9 | 0 | -376.96 | 59.9 | 0 | -15.86 | -4.14 | 0 | -13.36 | 0.96 | 0 | 0.04 | 300.0 | 0 | -287.69 | 61.64 | 0 | 23.70 | 69.16 | 0 | 99.19 | 6.36 | 0 | 0.81 | -87.94 | 0 | 286.53 | -17.48 | 0 |
| 21Q2 (7) | -21.55 | -0.51 | 0 | -168.59 | 53.55 | 0 | -876.78 | 51.97 | 0 | -940.15 | 46.55 | 0 | -940.15 | 46.55 | 0 | -15.23 | -20.59 | 0 | -13.49 | -20.12 | 0 | 0.01 | 0.0 | 0 | -750.00 | 45.31 | 0 | 14.01 | 19.54 | 0 | 93.26 | -10.36 | 0 | 6.74 | 285.77 | 0 | 347.22 | -64.43 | 0 |
| 21Q1 (6) | -21.44 | 0 | 0 | -362.94 | 0 | 0 | -1825.33 | 0 | 0 | -1758.96 | 0 | 0 | -1758.96 | 0 | 0 | -12.63 | 0 | 0 | -11.23 | 0 | 0 | 0.01 | 0 | 0 | -1371.43 | 0 | 0 | 11.72 | 0 | 0 | 104.03 | 0 | 0 | -3.63 | 0 | 0 | 976.11 | 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) | -4.78 | 0 | 10.58 | 0 | -59.62 | 0 | 25.56 | -62.32 | -54.38 | 0 | -54.38 | 0 | -23.31 | 0 | -19.55 | 0 | 0.36 | 157.14 | -26.30 | 0 | 17.58 | -12.14 | 109.55 | -19.72 | -9.55 | 0 | 1.83 | 19.39 | 47.46 | -52.59 |
| 2022 (9) | -5.47 | 0 | -9.28 | 0 | -190.87 | 0 | 67.82 | -39.02 | -139.80 | 0 | -139.80 | 0 | -23.43 | 0 | -19.98 | 0 | 0.14 | 75.0 | -68.32 | 0 | 20.01 | 44.69 | 136.46 | 36.91 | -36.46 | 0 | 1.53 | 195.27 | 100.10 | -73.72 |
| 2021 (8) | -85.00 | 0 | -89.80 | 0 | -592.35 | 0 | 111.22 | -22.02 | -594.25 | 0 | -594.25 | 0 | -54.89 | 0 | -48.33 | 0 | 0.08 | 0 | -477.07 | 0 | 13.83 | 5.98 | 99.67 | 88.02 | 0.33 | -99.3 | 0.52 | 0 | 380.92 | 35.23 |
| 2020 (7) | -209.77 | 0 | -129.25 | 0 | -646.99 | 0 | 142.62 | 0 | -1220.47 | 0 | -1220.47 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | -1074.59 | 0 | 13.05 | 0 | 53.01 | 0 | 46.99 | 0 | 0.00 | 0 | 281.69 | 0 |
