- 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) | 0.75 | -50.33 | -3.85 | 29.20 | 1.88 | -7.36 | 1.84 | -54.68 | -12.8 | 8.13 | -43.5 | -13.79 | 6.39 | -46.53 | -17.23 | 2.29 | -50.54 | -8.03 | 1.37 | -49.07 | 4.58 | 0.21 | -4.55 | 31.25 | 12.19 | -34.57 | -17.52 | 64.09 | -16.56 | -30.76 | 23.08 | -19.78 | -2.56 | 76.92 | 5.95 | -2.56 | 26.29 | 9.59 | -9.81 |
| 24Q2 (19) | 1.51 | 196.08 | 15.27 | 28.66 | 13.96 | 12.79 | 4.06 | 237.16 | 232.79 | 14.39 | 107.65 | 57.44 | 11.95 | 167.94 | 9.13 | 4.63 | 193.04 | 16.04 | 2.69 | 186.17 | 30.58 | 0.22 | 10.0 | 22.22 | 18.63 | 58.02 | 33.36 | 76.81 | 9.35 | -25.4 | 28.77 | 165.75 | 96.58 | 72.60 | -48.37 | -17.31 | 23.99 | -11.21 | -6.18 |
| 24Q1 (18) | 0.51 | 218.75 | -37.8 | 25.15 | 7.66 | -15.91 | -2.96 | -745.71 | -174.56 | 6.93 | 586.14 | -14.02 | 4.46 | 259.68 | -28.64 | 1.58 | 222.45 | -45.33 | 0.94 | 203.23 | -34.72 | 0.20 | -4.76 | -9.09 | 11.79 | 112.82 | -6.5 | 70.24 | -8.27 | -26.14 | -43.75 | -9.37 | -187.5 | 140.62 | 0.45 | 181.25 | 27.02 | 10.74 | -0.41 |
| 23Q4 (17) | 0.16 | -79.49 | -78.95 | 23.36 | -25.89 | -30.72 | -0.35 | -116.59 | -105.56 | 1.01 | -89.29 | -85.26 | 1.24 | -83.94 | -78.21 | 0.49 | -80.32 | -85.46 | 0.31 | -76.34 | -78.47 | 0.21 | 31.25 | -12.5 | 5.54 | -62.52 | -50.36 | 76.57 | -17.28 | -47.16 | -40.00 | -268.89 | -144.0 | 140.00 | 77.33 | 1440.0 | 24.40 | -16.3 | -11.05 |
| 23Q3 (16) | 0.78 | -40.46 | -54.65 | 31.52 | 24.05 | -2.48 | 2.11 | 72.95 | -63.93 | 9.43 | 3.17 | -41.72 | 7.72 | -29.5 | -39.64 | 2.49 | -37.59 | -69.82 | 1.31 | -36.41 | -59.32 | 0.16 | -11.11 | -36.0 | 14.78 | 5.8 | -27.3 | 92.56 | -10.1 | -41.15 | 23.68 | 61.84 | -34.02 | 78.95 | -10.09 | 23.16 | 29.15 | 14.0 | 3.7 |
| 23Q2 (15) | 1.31 | 59.76 | -37.91 | 25.41 | -15.05 | -17.12 | 1.22 | -69.27 | -70.39 | 9.14 | 13.4 | -48.94 | 10.95 | 75.2 | -31.13 | 3.99 | 38.06 | -62.46 | 2.06 | 43.06 | -50.72 | 0.18 | -18.18 | -30.77 | 13.97 | 10.79 | -35.95 | 102.96 | 8.26 | -38.07 | 14.63 | -70.73 | -36.07 | 87.80 | 75.61 | 13.87 | 25.57 | -5.75 | -8.68 |
| 23Q1 (14) | 0.82 | 7.89 | -21.15 | 29.91 | -11.3 | 11.36 | 3.97 | -36.88 | 102.55 | 8.06 | 17.66 | -22.57 | 6.25 | 9.84 | -19.97 | 2.89 | -14.24 | -47.83 | 1.44 | 0.0 | -33.94 | 0.22 | -8.33 | -21.43 | 12.61 | 12.99 | -9.41 | 95.10 | -34.37 | -35.29 | 50.00 | -45.0 | 172.22 | 50.00 | 450.0 | -37.18 | 27.13 | -1.09 | -2.76 |
| 22Q4 (13) | 0.76 | -55.81 | -28.3 | 33.72 | 4.33 | 40.27 | 6.29 | 7.52 | 261.7 | 6.85 | -57.66 | -27.05 | 5.69 | -55.51 | -28.96 | 3.37 | -59.15 | -39.82 | 1.44 | -55.28 | -27.27 | 0.24 | -4.0 | -4.0 | 11.16 | -45.11 | -16.65 | 144.90 | -7.88 | -13.54 | 90.91 | 153.25 | 319.25 | 9.09 | -85.82 | -93.46 | 27.43 | -2.42 | 8.03 |
| 22Q3 (12) | 1.72 | -18.48 | -8.99 | 32.32 | 5.41 | -2.03 | 5.85 | 41.99 | -54.37 | 16.18 | -9.61 | -6.53 | 12.79 | -19.56 | -8.51 | 8.25 | -22.39 | -32.76 | 3.22 | -22.97 | -9.55 | 0.25 | -3.85 | 0.0 | 20.33 | -6.79 | -3.65 | 157.29 | -5.39 | -21.62 | 35.90 | 56.82 | -51.74 | 64.10 | -16.87 | 150.31 | 28.11 | 0.39 | 22.11 |
| 22Q2 (11) | 2.11 | 102.88 | 2.43 | 30.66 | 14.15 | 5.54 | 4.12 | 110.2 | -53.71 | 17.90 | 71.95 | 35.09 | 15.90 | 103.59 | 25.99 | 10.63 | 91.88 | -24.34 | 4.18 | 91.74 | 31.86 | 0.26 | -7.14 | 4.0 | 21.81 | 56.68 | 31.39 | 166.25 | 13.13 | -45.1 | 22.89 | 24.63 | -65.92 | 77.11 | -3.12 | 134.83 | 28.00 | 0.36 | 30.05 |
| 22Q1 (10) | 1.04 | -1.89 | -38.46 | 26.86 | 11.73 | 19.64 | 1.96 | 150.39 | -34.23 | 10.41 | 10.86 | 26.64 | 7.81 | -2.5 | 22.22 | 5.54 | -1.07 | -32.11 | 2.18 | 10.1 | 32.93 | 0.28 | 12.0 | 12.0 | 13.92 | 3.96 | 22.54 | 146.96 | -12.32 | -62.34 | 18.37 | 144.3 | -50.64 | 79.59 | -42.75 | 22.23 | 27.90 | 9.89 | 22.42 |
| 21Q4 (9) | 1.06 | -43.92 | 0 | 24.04 | -27.13 | 0 | -3.89 | -130.34 | 0 | 9.39 | -45.75 | 0 | 8.01 | -42.7 | 0 | 5.60 | -54.36 | 0 | 1.98 | -44.38 | 0 | 0.25 | 0.0 | 0 | 13.39 | -36.54 | 0 | 167.60 | -16.48 | 0 | -41.46 | -155.74 | 0 | 139.02 | 442.86 | 0 | 25.39 | 10.3 | 0 |
| 21Q3 (8) | 1.89 | -8.25 | 0 | 32.99 | 13.56 | 0 | 12.82 | 44.04 | 0 | 17.31 | 30.64 | 0 | 13.98 | 10.78 | 0 | 12.27 | -12.67 | 0 | 3.56 | 12.3 | 0 | 0.25 | 0.0 | 0 | 21.10 | 27.11 | 0 | 200.68 | -33.73 | 0 | 74.39 | 10.76 | 0 | 25.61 | -22.01 | 0 | 23.02 | 6.92 | 0 |
| 21Q2 (7) | 2.06 | 21.89 | 0 | 29.05 | 29.4 | 0 | 8.90 | 198.66 | 0 | 13.25 | 61.19 | 0 | 12.62 | 97.5 | 0 | 14.05 | 72.18 | 0 | 3.17 | 93.29 | 0 | 0.25 | 0.0 | 0 | 16.60 | 46.13 | 0 | 302.80 | -22.4 | 0 | 67.16 | 80.5 | 0 | 32.84 | -49.57 | 0 | 21.53 | -5.53 | 0 |
| 21Q1 (6) | 1.69 | 0 | 0 | 22.45 | 0 | 0 | 2.98 | 0 | 0 | 8.22 | 0 | 0 | 6.39 | 0 | 0 | 8.16 | 0 | 0 | 1.64 | 0 | 0 | 0.25 | 0 | 0 | 11.36 | 0 | 0 | 390.23 | 0 | 0 | 37.21 | 0 | 0 | 65.12 | 0 | 0 | 22.79 | 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) | 3.00 | -46.62 | 27.36 | -11.48 | 1.70 | -62.8 | 4.25 | 16.12 | 6.69 | -47.86 | 6.35 | -39.7 | 11.10 | -59.41 | 5.74 | -47.63 | 0.86 | -15.69 | 11.49 | -31.61 | 76.57 | -47.16 | 25.20 | -29.08 | 74.80 | 16.03 | 0.62 | 517.28 | 26.44 | -5.1 |
| 2022 (9) | 5.62 | -7.11 | 30.91 | 14.06 | 4.57 | -15.37 | 3.66 | 5.93 | 12.83 | 6.83 | 10.53 | 2.93 | 27.35 | -28.76 | 10.96 | 3.01 | 1.02 | -1.92 | 16.80 | 7.97 | 144.90 | -13.54 | 35.54 | -21.14 | 64.46 | 17.34 | 0.10 | -14.8 | 27.86 | 20.61 |
| 2021 (8) | 6.05 | -27.11 | 27.10 | 39.4 | 5.40 | -12.76 | 3.45 | 37.96 | 12.01 | 14.93 | 10.23 | 28.84 | 38.39 | -18.82 | 10.64 | 0.76 | 1.04 | -21.8 | 15.56 | 19.88 | 167.60 | -59.4 | 45.06 | -24.07 | 54.94 | 35.14 | 0.12 | 0 | 23.10 | 67.76 |
| 2020 (7) | 8.30 | 167.74 | 19.44 | -58.72 | 6.19 | -70.71 | 2.50 | 13.53 | 10.45 | -61.85 | 7.94 | -62.17 | 47.29 | 0 | 10.56 | 0 | 1.33 | 0 | 12.98 | -56.37 | 412.77 | 44.85 | 59.35 | -23.69 | 40.65 | 74.97 | 0.00 | 0 | 13.77 | -33.41 |
| 2019 (6) | 3.10 | 0 | 47.09 | 0 | 21.13 | 0 | 2.20 | 0 | 27.39 | 0 | 20.99 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 29.75 | 0 | 284.97 | 0 | 77.78 | 0 | 23.23 | 0 | 0.00 | 0 | 20.68 | 0 |
