- 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) | 0.47 | -12.96 | 4.44 | 39.97 | 5.1 | 23.75 | 6.80 | -8.97 | 136.93 | 7.18 | -8.77 | 7.81 | 5.70 | -11.63 | 7.14 | 1.89 | -14.09 | 4.42 | 1.14 | -9.52 | -10.24 | 0.19 | 5.56 | -17.39 | 14.05 | 0.0 | 0.86 | 73.34 | -8.04 | 45.37 | 88.89 | -11.11 | 77.78 | 0.00 | 0 | -100.0 | 47.52 | 3.21 | 4.55 |
| 24Q2 (19) | 0.54 | 285.71 | -44.9 | 38.03 | 23.88 | -5.49 | 7.47 | 324.43 | -29.4 | 7.87 | 257.73 | -34.31 | 6.45 | 266.48 | -48.03 | 2.20 | 279.31 | -45.68 | 1.26 | 207.32 | -55.79 | 0.18 | 5.88 | -21.74 | 14.05 | 65.88 | -5.77 | 79.75 | -13.3 | 67.26 | 100.00 | 50.0 | 16.67 | 0.00 | -100.0 | -100.0 | 46.04 | 2.58 | -4.04 |
| 24Q1 (18) | 0.14 | -30.0 | -57.58 | 30.70 | 16.46 | -0.29 | 1.76 | 10.0 | -28.46 | 2.20 | 115.69 | -30.6 | 1.76 | 0.57 | -56.44 | 0.58 | -25.64 | -61.07 | 0.41 | -24.07 | -60.58 | 0.17 | -37.04 | -34.62 | 8.47 | 39.77 | 41.64 | 91.98 | 8.01 | 154.44 | 66.67 | -55.56 | -11.11 | 33.33 | 166.67 | 33.33 | 44.88 | 16.24 | -2.35 |
| 23Q4 (17) | 0.20 | -55.56 | -77.78 | 26.36 | -18.39 | -16.21 | 1.60 | -44.25 | -83.42 | 1.02 | -84.68 | -89.87 | 1.75 | -67.11 | -78.26 | 0.78 | -56.91 | -81.38 | 0.54 | -57.48 | -81.31 | 0.27 | 17.39 | -25.0 | 6.06 | -56.5 | -50.85 | 85.16 | 68.8 | 63.52 | 150.00 | 200.0 | 60.71 | -50.00 | -180.0 | -850.0 | 38.61 | -15.05 | -9.77 |
| 23Q3 (16) | 0.45 | -54.08 | -51.09 | 32.30 | -19.73 | -10.75 | 2.87 | -72.87 | -76.44 | 6.66 | -44.41 | -46.89 | 5.32 | -57.13 | -47.01 | 1.81 | -55.31 | -60.31 | 1.27 | -55.44 | -59.55 | 0.23 | 0.0 | -25.81 | 13.93 | -6.57 | -12.0 | 50.45 | 5.81 | 31.38 | 50.00 | -41.67 | -50.0 | 62.50 | 337.5 | 0 | 45.45 | -5.27 | -2.63 |
| 23Q2 (15) | 0.98 | 196.97 | -29.5 | 40.24 | 30.69 | -2.28 | 10.58 | 330.08 | -40.12 | 11.98 | 277.92 | -33.0 | 12.41 | 207.18 | -9.94 | 4.05 | 171.81 | -40.53 | 2.85 | 174.04 | -38.71 | 0.23 | -11.54 | -32.35 | 14.91 | 149.33 | -27.09 | 47.68 | 31.89 | -9.7 | 85.71 | 14.29 | -10.56 | 14.29 | -42.86 | 0 | 47.98 | 4.4 | 8.21 |
| 23Q1 (14) | 0.33 | -63.33 | -59.76 | 30.79 | -2.13 | -20.81 | 2.46 | -74.51 | -79.08 | 3.17 | -68.52 | -73.82 | 4.04 | -49.81 | -58.26 | 1.49 | -64.44 | -62.09 | 1.04 | -64.01 | -61.62 | 0.26 | -27.78 | -7.14 | 5.98 | -51.5 | -58.9 | 36.15 | -30.59 | -11.11 | 75.00 | -19.64 | -25.0 | 25.00 | 275.0 | 0 | 45.96 | 7.41 | -9.78 |
| 22Q4 (13) | 0.90 | -2.17 | -64.43 | 31.46 | -13.07 | -26.77 | 9.65 | -20.77 | -62.96 | 10.07 | -19.7 | -61.15 | 8.05 | -19.82 | -61.65 | 4.19 | -8.11 | -65.08 | 2.89 | -7.96 | -62.61 | 0.36 | 16.13 | -2.7 | 12.33 | -22.11 | -55.92 | 52.08 | 35.62 | -0.38 | 93.33 | -6.67 | -6.67 | 6.67 | 0 | 0 | 42.79 | -8.33 | 5.6 |
| 22Q3 (12) | 0.92 | -33.81 | 41.54 | 36.19 | -12.12 | 9.07 | 12.18 | -31.07 | 13.09 | 12.54 | -29.87 | 17.53 | 10.04 | -27.14 | 18.82 | 4.56 | -33.04 | -9.88 | 3.14 | -32.47 | 12.54 | 0.31 | -8.82 | -3.13 | 15.83 | -22.59 | 14.21 | 38.40 | -27.27 | -36.6 | 100.00 | 4.35 | 0.0 | 0.00 | 0 | 0 | 46.68 | 5.28 | -14.72 |
| 22Q2 (11) | 1.39 | 69.51 | -43.5 | 41.18 | 5.92 | 22.85 | 17.67 | 50.26 | 49.75 | 17.88 | 47.65 | 9.42 | 13.78 | 42.36 | -0.86 | 6.81 | 73.28 | -67.12 | 4.65 | 71.59 | -54.63 | 0.34 | 21.43 | -53.42 | 20.45 | 40.55 | 3.28 | 52.80 | 29.83 | -35.33 | 95.83 | -4.17 | 33.33 | 0.00 | 0 | -100.0 | 44.34 | -12.96 | -16.31 |
| 22Q1 (10) | 0.82 | -67.59 | 0 | 38.88 | -9.5 | 0 | 11.76 | -54.86 | 0 | 12.11 | -53.28 | 0 | 9.68 | -53.88 | 0 | 3.93 | -67.25 | 0 | 2.71 | -64.94 | 0 | 0.28 | -24.32 | 0 | 14.55 | -47.98 | 0 | 40.67 | -22.21 | 0 | 100.00 | 0.0 | 0 | 0.00 | 0 | 0 | 50.94 | 25.72 | 0 |
| 21Q4 (9) | 2.53 | 289.23 | -31.06 | 42.96 | 29.48 | 18.67 | 26.05 | 141.88 | 168.0 | 25.92 | 142.92 | 76.57 | 20.99 | 148.4 | 65.93 | 12.00 | 137.15 | -46.64 | 7.73 | 177.06 | -16.25 | 0.37 | 15.62 | -48.61 | 27.97 | 101.8 | 44.85 | 52.28 | -13.69 | -62.82 | 100.00 | 0.0 | 50.0 | 0.00 | 0 | -100.0 | 40.52 | -25.98 | -39.98 |
| 21Q3 (8) | 0.65 | -73.58 | 0 | 33.18 | -1.01 | 0 | 10.77 | -8.73 | 0 | 10.67 | -34.7 | 0 | 8.45 | -39.21 | 0 | 5.06 | -75.57 | 0 | 2.79 | -72.78 | 0 | 0.32 | -56.16 | 0 | 13.86 | -30.0 | 0 | 60.57 | -25.81 | 0 | 100.00 | 39.13 | 0 | 0.00 | -100.0 | 0 | 54.74 | 3.32 | 0 |
| 21Q2 (7) | 2.46 | 0 | -50.5 | 33.52 | 0 | -9.97 | 11.80 | 0 | -33.86 | 16.34 | 0 | -19.03 | 13.90 | 0 | -19.0 | 20.71 | 0 | -39.57 | 10.25 | 0 | -29.21 | 0.73 | 0 | -13.1 | 19.80 | 0 | -17.98 | 81.64 | 0 | -33.99 | 71.88 | 0 | -19.83 | 28.12 | 0 | 171.88 | 52.98 | 0 | -3.51 |
| 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) | 1.96 | -51.36 | 31.81 | -13.35 | 4.07 | -68.15 | 3.48 | 76.52 | 5.25 | -59.98 | 5.45 | -47.39 | 8.54 | -54.81 | 5.15 | -58.67 | 0.92 | -23.33 | 9.67 | -39.49 | 85.16 | 63.52 | 77.78 | -19.83 | 22.22 | 644.44 | 0.15 | -83.85 | 43.94 | -4.23 |
| 2022 (9) | 4.03 | -27.26 | 36.71 | 0.55 | 12.78 | -21.06 | 1.97 | -13.21 | 13.12 | -27.71 | 10.36 | -30.75 | 18.90 | -47.4 | 12.46 | -39.31 | 1.20 | -11.76 | 15.98 | -24.41 | 52.08 | -0.38 | 97.01 | 9.31 | 2.99 | -73.47 | 0.90 | 21.87 | 45.88 | -7.01 |
| 2021 (8) | 5.54 | -35.88 | 36.51 | -0.54 | 16.19 | 17.57 | 2.27 | -34.09 | 18.15 | 4.13 | 14.96 | 0.4 | 35.93 | -32.08 | 20.53 | -5.04 | 1.36 | -4.9 | 21.14 | -2.67 | 52.28 | -62.82 | 88.75 | 13.16 | 11.25 | -47.84 | 0.74 | -54.7 | 49.34 | -19.41 |
| 2020 (7) | 8.64 | 443.4 | 36.71 | 22.12 | 13.77 | 156.9 | 3.45 | 7.39 | 17.43 | 250.0 | 14.90 | 308.22 | 52.90 | 313.6 | 21.62 | 293.09 | 1.43 | 2.88 | 21.72 | 149.08 | 140.63 | -11.44 | 78.43 | -28.1 | 21.57 | 0 | 1.64 | 0 | 61.22 | -5.54 |
| 2019 (6) | 1.59 | -78.13 | 30.06 | -7.96 | 5.36 | -68.27 | 3.21 | 25.23 | 4.98 | -69.58 | 3.65 | -71.97 | 12.79 | -72.61 | 5.50 | -73.2 | 1.39 | -9.15 | 8.72 | -55.26 | 158.79 | 9.05 | 109.09 | 5.79 | -9.09 | 0 | 0.00 | 0 | 64.81 | -1.01 |
| 2018 (5) | 7.27 | 0 | 32.66 | 0 | 16.89 | 0 | 2.56 | 0 | 16.37 | 0 | 13.02 | 0 | 46.69 | 0 | 20.52 | 0 | 1.53 | 0 | 19.49 | 0 | 145.61 | 23.5 | 103.12 | 0 | -3.12 | 0 | 0.00 | 0 | 65.47 | 0 |
| 2017 (4) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 117.90 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 |
