- 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) | 1.30 | 51.16 | -9.09 | 65.85 | -12.89 | -10.57 | 16.70 | 31.19 | 10.09 | 19.15 | 19.84 | -11.87 | 15.60 | 10.56 | -17.02 | 2.99 | 41.04 | -17.17 | 2.08 | 32.48 | -18.11 | 0.13 | 18.18 | 0.0 | 22.53 | 15.9 | -10.49 | 49.31 | 5.5 | 39.65 | 85.71 | 9.52 | 24.68 | 11.43 | -47.43 | -63.43 | 40.85 | -7.52 | -5.44 |
| 24Q2 (19) | 0.86 | 48.28 | -22.52 | 75.59 | 8.64 | 6.8 | 12.73 | 38.37 | -3.92 | 15.98 | 60.28 | 4.17 | 14.11 | 55.74 | 7.22 | 2.12 | 78.15 | -26.9 | 1.57 | 68.82 | -16.49 | 0.11 | 10.0 | -21.43 | 19.44 | 46.39 | 0.93 | 46.74 | 42.76 | -30.34 | 78.26 | -15.22 | -8.7 | 21.74 | 182.61 | 52.17 | 44.17 | -8.83 | 0.59 |
| 24Q1 (18) | 0.58 | -45.28 | 23.4 | 69.58 | -2.15 | -7.09 | 9.20 | -56.21 | 3.84 | 9.97 | -49.21 | 16.34 | 9.06 | -36.06 | 192.26 | 1.19 | -44.13 | 116.36 | 0.93 | -42.24 | 111.36 | 0.10 | -9.09 | -9.09 | 13.28 | -42.46 | 0.08 | 32.74 | -13.55 | -44.09 | 92.31 | -13.85 | -7.69 | 7.69 | 207.69 | 0 | 48.45 | 38.27 | -12.61 |
| 23Q4 (17) | 1.06 | -25.87 | 76.67 | 71.11 | -3.42 | 30.26 | 21.01 | 38.5 | 29914.29 | 19.63 | -9.66 | 234.41 | 14.17 | -24.63 | 103.88 | 2.13 | -41.0 | 41.06 | 1.61 | -36.61 | 56.31 | 0.11 | -15.38 | -21.43 | 23.08 | -8.3 | 161.68 | 37.87 | 7.25 | -28.14 | 107.14 | 55.84 | 0 | -7.14 | -122.86 | -107.14 | 35.04 | -18.89 | -7.2 |
| 23Q3 (16) | 1.43 | 28.83 | -11.73 | 73.63 | 4.03 | -9.97 | 15.17 | 14.49 | -30.41 | 21.73 | 41.66 | -24.1 | 18.80 | 42.86 | -15.32 | 3.61 | 24.48 | -36.78 | 2.54 | 35.11 | -25.29 | 0.13 | -7.14 | -13.33 | 25.17 | 30.69 | -21.91 | 35.31 | -47.38 | -39.7 | 68.75 | -19.79 | -7.45 | 31.25 | 118.75 | 36.72 | 43.20 | -1.62 | -2.46 |
| 23Q2 (15) | 1.11 | 136.17 | -11.2 | 70.78 | -5.49 | -4.14 | 13.25 | 49.55 | -42.42 | 15.34 | 79.0 | -43.54 | 13.16 | 324.52 | -40.53 | 2.90 | 427.27 | -55.86 | 1.88 | 327.27 | -47.34 | 0.14 | 27.27 | -12.5 | 19.26 | 45.14 | -39.74 | 67.10 | 14.58 | -31.65 | 85.71 | -14.29 | 1.3 | 14.29 | 0 | -7.14 | 43.91 | -20.8 | -4.85 |
| 23Q1 (14) | 0.47 | -21.67 | 571.43 | 74.89 | 37.19 | 10.05 | 8.86 | 12557.14 | 6228.57 | 8.57 | 46.0 | 148.41 | 3.10 | -55.4 | 1.97 | 0.55 | -63.58 | -46.08 | 0.44 | -57.28 | -33.33 | 0.11 | -21.43 | -42.11 | 13.27 | 50.45 | 108.65 | 58.56 | 11.12 | -26.35 | 100.00 | 0 | 0 | 0.00 | -100.0 | -100.0 | 55.44 | 46.82 | 18.28 |
| 22Q4 (13) | 0.60 | -62.96 | -66.48 | 54.59 | -33.25 | -18.49 | 0.07 | -99.68 | -99.34 | 5.87 | -79.5 | -62.28 | 6.95 | -68.69 | -49.49 | 1.51 | -73.56 | -86.96 | 1.03 | -69.71 | -83.22 | 0.14 | -6.67 | -67.44 | 8.82 | -72.63 | -51.49 | 52.70 | -10.01 | -29.58 | 0.00 | -100.0 | -100.0 | 100.00 | 337.5 | 210.0 | 37.76 | -14.74 | -2.43 |
| 22Q3 (12) | 1.62 | 29.6 | 0 | 81.78 | 10.75 | 0 | 21.80 | -5.26 | 0 | 28.63 | 5.37 | 0 | 22.20 | 0.32 | 0 | 5.71 | -13.09 | 0 | 3.40 | -4.76 | 0 | 0.15 | -6.25 | 0 | 32.23 | 0.84 | 0 | 58.56 | -40.35 | 0 | 74.29 | -12.21 | 0 | 22.86 | 48.57 | 0 | 44.29 | -4.03 | 0 |
| 22Q2 (11) | 1.25 | 1685.71 | 0 | 73.84 | 8.51 | 0 | 23.01 | 16335.71 | 0 | 27.17 | 687.54 | 0 | 22.13 | 627.96 | 0 | 6.57 | 544.12 | 0 | 3.57 | 440.91 | 0 | 0.16 | -15.79 | 0 | 31.96 | 402.52 | 0 | 98.17 | 23.47 | 0 | 84.62 | 0 | 0 | 15.38 | -84.62 | 0 | 46.15 | -1.54 | 0 |
| 22Q1 (10) | 0.07 | -96.09 | 0 | 68.05 | 1.61 | 0 | 0.14 | -98.69 | 0 | 3.45 | -77.83 | 0 | 3.04 | -77.91 | 0 | 1.02 | -91.19 | 0 | 0.66 | -89.25 | 0 | 0.19 | -55.81 | 0 | 6.36 | -65.02 | 0 | 79.51 | 6.24 | 0 | 0.00 | -100.0 | 0 | 100.00 | 210.0 | 0 | 46.87 | 21.11 | 0 |
| 21Q4 (9) | 1.79 | 0 | 0 | 66.97 | 0 | 0 | 10.67 | 0 | 0 | 15.56 | 0 | 0 | 13.76 | 0 | 0 | 11.58 | 0 | 0 | 6.14 | 0 | 0 | 0.43 | 0 | 0 | 18.18 | 0 | 0 | 74.84 | 0 | 0 | 67.74 | 0 | 0 | 32.26 | 0 | 0 | 38.70 | 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) | 4.00 | 15.61 | 72.51 | 5.24 | 14.92 | 41.42 | 2.78 | -0.67 | 16.81 | 7.21 | 12.86 | -2.35 | 8.67 | -32.74 | 6.34 | -24.07 | 0.47 | -22.95 | 20.59 | 7.35 | 37.87 | -28.14 | 87.91 | 30.97 | 10.99 | -66.58 | 0.37 | 260.4 | 43.77 | 0.9 |
| 2022 (9) | 3.46 | 7.45 | 68.90 | 2.59 | 10.55 | -12.52 | 2.80 | 75.57 | 15.68 | 9.57 | 13.17 | 1.0 | 12.89 | -38.06 | 8.35 | -24.5 | 0.61 | -25.61 | 19.18 | 12.69 | 52.70 | -29.58 | 67.12 | -19.45 | 32.88 | 121.92 | 0.10 | -71.18 | 43.38 | 2.26 |
| 2021 (8) | 3.22 | 42.48 | 67.16 | -3.34 | 12.06 | 69.14 | 1.60 | -31.61 | 14.31 | 114.22 | 13.04 | 74.1 | 20.81 | 16.32 | 11.06 | 42.89 | 0.82 | -17.17 | 17.02 | 76.01 | 74.84 | -44.24 | 83.33 | -20.63 | 14.81 | 0 | 0.36 | 0 | 42.42 | -6.09 |
| 2020 (7) | 2.26 | 3.67 | 69.48 | 8.72 | 7.13 | 49.79 | 2.33 | -15.67 | 6.68 | -2.91 | 7.49 | 8.87 | 17.89 | 0 | 7.74 | 0 | 0.99 | 0 | 9.67 | -5.93 | 134.22 | -13.45 | 105.00 | 48.75 | -5.00 | 0 | 0.00 | 0 | 45.17 | 2.47 |
| 2019 (6) | 2.18 | 0 | 63.91 | 0 | 4.76 | 0 | 2.77 | 0 | 6.88 | 0 | 6.88 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 10.28 | 0 | 155.07 | 0 | 70.59 | 0 | 29.41 | 0 | 0.00 | 0 | 44.08 | 0 |
