- 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) | 1.86 | -23.14 | -31.37 | 51.56 | 3.49 | 4.39 | 36.00 | 6.13 | 15.72 | 36.86 | -16.02 | -32.6 | 29.53 | -10.38 | -32.53 | 5.48 | -16.34 | -34.37 | 3.56 | -15.84 | -35.97 | 0.12 | -7.69 | 0.0 | 39.46 | -15.05 | -31.07 | 52.89 | -14.39 | 10.97 | 98.15 | 25.93 | 72.36 | 1.85 | -91.6 | -95.7 | 19.67 | -1.65 | -10.55 |
| 24Q2 (19) | 2.42 | -19.33 | 35.96 | 49.82 | 6.38 | 3.47 | 33.92 | 15.1 | 13.94 | 43.89 | -15.22 | 3.29 | 32.95 | -20.45 | -0.69 | 6.55 | -21.37 | 19.31 | 4.23 | -25.4 | 16.53 | 0.13 | -7.14 | 18.18 | 46.45 | -14.38 | 1.84 | 61.78 | 15.46 | 6.46 | 77.94 | 36.83 | 10.03 | 22.06 | -48.75 | -24.37 | 20.00 | -3.47 | -13.57 |
| 24Q1 (18) | 3.00 | 341.18 | 170.27 | 46.83 | -5.85 | 8.43 | 29.47 | -14.08 | 8.59 | 51.77 | 251.46 | 99.19 | 41.42 | 251.02 | 98.85 | 8.33 | 316.5 | 149.4 | 5.67 | 296.5 | 142.31 | 0.14 | 16.67 | 27.27 | 54.25 | 215.22 | 91.56 | 53.51 | 21.81 | 3.34 | 56.96 | -75.59 | -46.71 | 43.04 | 132.28 | 1348.1 | 20.72 | 17.93 | -2.81 |
| 23Q4 (17) | 0.68 | -74.91 | -25.27 | 49.74 | 0.71 | 2.73 | 34.30 | 10.25 | 30.42 | 14.73 | -73.07 | -17.94 | 11.80 | -73.04 | -18.17 | 2.00 | -76.05 | -31.97 | 1.43 | -74.28 | -32.23 | 0.12 | 0.0 | -14.29 | 17.21 | -69.94 | -13.95 | 43.93 | -7.83 | 3.78 | 233.33 | 309.76 | 55.56 | -133.33 | -409.68 | -193.33 | 17.57 | -20.1 | -24.75 |
| 23Q3 (16) | 2.71 | 52.25 | 7.97 | 49.39 | 2.58 | 5.47 | 31.11 | 4.5 | 10.63 | 54.69 | 28.71 | 15.21 | 43.77 | 31.92 | 15.24 | 8.35 | 52.09 | -13.65 | 5.56 | 53.17 | -21.25 | 0.12 | 9.09 | -36.84 | 57.25 | 25.52 | 15.4 | 47.66 | -17.87 | 8.12 | 56.94 | -19.61 | -5.09 | 43.06 | 47.62 | 3.33 | 21.99 | -4.97 | -4.72 |
| 23Q2 (15) | 1.78 | 60.36 | 14.84 | 48.15 | 11.48 | 6.29 | 29.77 | 9.69 | 4.16 | 42.49 | 63.49 | 14.1 | 33.18 | 59.29 | 18.5 | 5.49 | 64.37 | -9.56 | 3.63 | 55.13 | -25.31 | 0.11 | 0.0 | -35.29 | 45.61 | 61.05 | 15.12 | 58.03 | 12.07 | 91.52 | 70.83 | -33.74 | -5.56 | 29.17 | 945.83 | 29.63 | 23.14 | 8.54 | 13.71 |
| 23Q1 (14) | 1.11 | 21.98 | -31.9 | 43.19 | -10.8 | -3.55 | 27.14 | 3.19 | 4.42 | 25.99 | 44.79 | -39.45 | 20.83 | 44.45 | -39.52 | 3.34 | 13.61 | -46.82 | 2.34 | 10.9 | -55.09 | 0.11 | -21.43 | -26.67 | 28.32 | 41.6 | -37.14 | 51.78 | 22.32 | 154.2 | 106.90 | -28.74 | 73.71 | -3.45 | 92.41 | -108.97 | 21.32 | -8.69 | -11.31 |
| 22Q4 (13) | 0.91 | -63.75 | -55.17 | 48.42 | 3.4 | 3.37 | 26.30 | -6.47 | -22.69 | 17.95 | -62.19 | -41.34 | 14.42 | -62.03 | -41.21 | 2.94 | -69.6 | -62.64 | 2.11 | -70.11 | -67.79 | 0.14 | -26.32 | -48.15 | 20.00 | -59.69 | -37.91 | 42.33 | -3.97 | 103.61 | 150.00 | 150.0 | 35.29 | -45.45 | -209.09 | -318.18 | 23.35 | 1.17 | 43.96 |
| 22Q3 (12) | 2.51 | 61.94 | 48.52 | 46.83 | 3.38 | -0.47 | 28.12 | -1.61 | -19.2 | 47.47 | 27.47 | 42.81 | 37.98 | 35.64 | 42.51 | 9.67 | 59.31 | 27.91 | 7.06 | 45.27 | 11.01 | 0.19 | 11.76 | -20.83 | 49.61 | 25.21 | 44.09 | 44.08 | 45.48 | 125.82 | 60.00 | -20.0 | -42.86 | 41.67 | 85.19 | 933.33 | 23.08 | 13.42 | 39.46 |
| 22Q2 (11) | 1.55 | -4.91 | 278.05 | 45.30 | 1.16 | -4.37 | 28.58 | 9.97 | 39.14 | 37.24 | -13.23 | 257.05 | 28.00 | -18.7 | 235.33 | 6.07 | -3.34 | 201.99 | 4.86 | -6.72 | 194.55 | 0.17 | 13.33 | -15.0 | 39.62 | -12.05 | 207.13 | 30.30 | 48.75 | 67.4 | 75.00 | 21.87 | -60.53 | 22.50 | -41.5 | 125.0 | 20.35 | -15.35 | -35.4 |
| 22Q1 (10) | 1.63 | -19.7 | 5.16 | 44.78 | -4.4 | 3.3 | 25.99 | -23.6 | -6.0 | 42.92 | 40.26 | 41.28 | 34.44 | 40.4 | 41.67 | 6.28 | -20.2 | 13.77 | 5.21 | -20.46 | 21.16 | 0.15 | -44.44 | -16.67 | 45.05 | 39.86 | 38.62 | 20.37 | -2.02 | -20.92 | 61.54 | -44.49 | -32.87 | 38.46 | 453.85 | 361.54 | 24.04 | 48.21 | 11.14 |
| 21Q4 (9) | 2.03 | 20.12 | 63.71 | 46.84 | -0.45 | 3.65 | 34.02 | -2.24 | 28.09 | 30.60 | -7.94 | 82.9 | 24.53 | -7.95 | 82.24 | 7.87 | 4.1 | 69.61 | 6.55 | 2.99 | 79.95 | 0.27 | 12.5 | 0.0 | 32.21 | -6.45 | 77.96 | 20.79 | 6.51 | -33.51 | 110.87 | 5.59 | -32.05 | -10.87 | -117.39 | 81.23 | 16.22 | -1.99 | -29.81 |
| 21Q3 (8) | 1.69 | 312.2 | 0 | 47.05 | -0.68 | 0 | 34.80 | 69.43 | 0 | 33.24 | 218.7 | 0 | 26.65 | 219.16 | 0 | 7.56 | 276.12 | 0 | 6.36 | 285.45 | 0 | 0.24 | 20.0 | 0 | 34.43 | 166.9 | 0 | 19.52 | 7.85 | 0 | 105.00 | -44.74 | 0 | -5.00 | 94.44 | 0 | 16.55 | -47.46 | 0 |
| 21Q2 (7) | 0.41 | -73.55 | 0 | 47.37 | 9.27 | 0 | 20.54 | -25.71 | 0 | 10.43 | -65.67 | 0 | 8.35 | -65.65 | 0 | 2.01 | -63.59 | 0 | 1.65 | -61.63 | 0 | 0.20 | 11.11 | 0 | 12.90 | -60.31 | 0 | 18.10 | -29.74 | 0 | 190.00 | 107.27 | 0 | -90.00 | -1180.0 | 0 | 31.50 | 45.63 | 0 |
| 21Q1 (6) | 1.55 | 25.0 | 0 | 43.35 | -4.07 | 0 | 27.65 | 4.1 | 0 | 30.38 | 81.59 | 0 | 24.31 | 80.61 | 0 | 5.52 | 18.97 | 0 | 4.30 | 18.13 | 0 | 0.18 | -33.33 | 0 | 32.50 | 79.56 | 0 | 25.76 | -17.62 | 0 | 91.67 | -43.82 | 0 | 8.33 | 114.39 | 0 | 21.63 | -6.4 | 0 |
| 20Q4 (5) | 1.24 | 0 | 0 | 45.19 | 0 | 0 | 26.56 | 0 | 0 | 16.73 | 0 | 0 | 13.46 | 0 | 0 | 4.64 | 0 | 0 | 3.64 | 0 | 0 | 0.27 | 0 | 0 | 18.10 | 0 | 0 | 31.27 | 0 | 0 | 163.16 | 0 | 0 | -57.89 | 0 | 0 | 23.11 | 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) | 6.29 | -2.63 | 47.73 | 2.67 | 30.68 | 12.42 | 1.88 | 20.27 | 34.86 | -2.98 | 27.71 | -2.29 | 18.71 | -13.66 | 13.38 | -18.06 | 0.47 | -17.54 | 37.71 | -0.4 | 43.93 | 3.78 | 88.02 | 16.16 | 11.98 | -50.56 | 0.10 | -6.28 | 20.98 | -7.58 |
| 2022 (9) | 6.46 | 20.97 | 46.49 | 0.24 | 27.29 | -9.79 | 1.56 | -1.11 | 35.93 | 32.83 | 28.36 | 30.87 | 21.67 | -7.04 | 16.33 | -12.35 | 0.57 | -33.72 | 37.86 | 31.32 | 42.33 | 103.61 | 75.78 | -32.14 | 24.22 | 0 | 0.10 | -70.41 | 22.70 | 10.73 |
| 2021 (8) | 5.34 | 2.5 | 46.38 | 2.72 | 30.25 | 3.52 | 1.58 | -26.58 | 27.05 | 10.86 | 21.67 | 7.86 | 23.31 | 13.99 | 18.63 | 21.29 | 0.86 | 13.16 | 28.83 | 8.02 | 20.79 | -33.51 | 111.67 | -5.96 | -11.67 | 0 | 0.34 | -48.43 | 20.50 | 2.3 |
| 2020 (7) | 5.21 | -36.07 | 45.15 | -6.17 | 29.22 | -7.41 | 2.15 | 124.74 | 24.40 | -22.39 | 20.09 | -18.2 | 20.45 | 0 | 15.36 | 0 | 0.76 | 0 | 26.69 | -17.83 | 31.27 | -11.54 | 118.75 | 18.75 | -20.00 | 0 | 0.67 | 0 | 20.04 | 1.67 |
| 2019 (6) | 8.15 | 0 | 48.12 | 0 | 31.56 | 0 | 0.96 | 0 | 31.44 | 0 | 24.56 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 32.48 | 0 | 35.35 | 0 | 100.00 | 0 | 0.00 | 0 | 0.00 | 0 | 19.71 | 0 |
