- 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) | 4.10 | 272.73 | 340.86 | 22.52 | -12.54 | -8.49 | 14.49 | 14.91 | 34.67 | 14.20 | 27.01 | 16.39 | 11.21 | 26.67 | 20.54 | 5.97 | 206.15 | 235.39 | 2.82 | 187.76 | 163.55 | 0.24 | 166.67 | 118.18 | 15.94 | -2.51 | 5.84 | 90.59 | -48.79 | 3.47 | 102.01 | -9.46 | 15.62 | -2.01 | 84.11 | -117.12 | 5.06 | -42.24 | -40.05 |
| 24Q2 (19) | 1.10 | 139.13 | -25.17 | 25.75 | -2.24 | 30.98 | 12.61 | 22.43 | 8.15 | 11.18 | 72.27 | -9.77 | 8.85 | 85.53 | -11.5 | 1.95 | 167.12 | -32.99 | 0.98 | 71.93 | -47.31 | 0.09 | 28.57 | -50.0 | 16.35 | 16.54 | 17.71 | 176.91 | 42.98 | 168.9 | 112.68 | -29.42 | 19.34 | -12.68 | 78.75 | -326.9 | 8.76 | -13.95 | 54.23 |
| 24Q1 (18) | 0.46 | -91.07 | -43.9 | 26.34 | -5.79 | -19.2 | 10.30 | -53.39 | -34.93 | 6.49 | -70.06 | -58.48 | 4.77 | -73.68 | -60.61 | 0.73 | -92.0 | -57.31 | 0.57 | -87.87 | -47.22 | 0.07 | -70.83 | -22.22 | 14.03 | -41.42 | -26.39 | 123.73 | 0.07 | 126.2 | 159.65 | 56.57 | 57.97 | -59.65 | -2937.13 | -5507.02 | 10.18 | 149.51 | 4.52 |
| 23Q4 (17) | 5.15 | 453.76 | -7.21 | 27.96 | 13.61 | 5.71 | 22.10 | 105.39 | 25.71 | 21.68 | 77.7 | 27.3 | 18.12 | 94.84 | 31.49 | 9.13 | 412.92 | -34.51 | 4.70 | 339.25 | -38.4 | 0.24 | 118.18 | -56.36 | 23.95 | 59.03 | 36.0 | 123.64 | 41.22 | 55.09 | 101.96 | 15.56 | -1.31 | -1.96 | -116.69 | 40.75 | 4.08 | -51.66 | -5.12 |
| 23Q3 (16) | 0.93 | -36.73 | 29.17 | 24.61 | 25.18 | -3.79 | 10.76 | -7.72 | -20.24 | 12.20 | -1.53 | 5.45 | 9.30 | -7.0 | 15.24 | 1.78 | -38.83 | -16.04 | 1.07 | -42.47 | -17.69 | 0.11 | -38.89 | -26.67 | 15.06 | 8.42 | 11.89 | 87.55 | 33.07 | -2.48 | 88.24 | -6.54 | -23.88 | 11.76 | 110.59 | 169.02 | 8.44 | 48.59 | 81.9 |
| 23Q2 (15) | 1.47 | 79.27 | 65.17 | 19.66 | -39.69 | -32.28 | 11.66 | -26.34 | -29.08 | 12.39 | -20.73 | -24.68 | 10.00 | -17.42 | -25.93 | 2.91 | 70.18 | -12.08 | 1.86 | 72.22 | -13.08 | 0.18 | 100.0 | 20.0 | 13.89 | -27.12 | -24.35 | 65.79 | 20.27 | 21.41 | 94.41 | -6.58 | -5.59 | 5.59 | 625.14 | 0 | 5.68 | -41.68 | -31.73 |
| 23Q1 (14) | 0.82 | -85.23 | -20.39 | 32.60 | 23.25 | 27.59 | 15.83 | -9.95 | -3.0 | 15.63 | -8.22 | -3.4 | 12.11 | -12.12 | -6.85 | 1.71 | -87.73 | -59.95 | 1.08 | -85.85 | -55.56 | 0.09 | -83.64 | -50.0 | 19.06 | 8.23 | 6.07 | 54.70 | -31.38 | -19.56 | 101.06 | -2.18 | -0.06 | -1.06 | 67.91 | 5.32 | 9.74 | 126.51 | 41.98 |
| 22Q4 (13) | 5.55 | 670.83 | 88.78 | 26.45 | 3.4 | 12.22 | 17.58 | 30.32 | 3.72 | 17.03 | 47.19 | 1.25 | 13.78 | 70.76 | 10.33 | 13.94 | 557.55 | 31.14 | 7.63 | 486.92 | 34.09 | 0.55 | 266.67 | 22.22 | 17.61 | 30.83 | 0.51 | 79.72 | -11.21 | -13.13 | 103.31 | -10.87 | 2.37 | -3.31 | 80.55 | -259.67 | 4.30 | -7.33 | -23.21 |
| 22Q3 (12) | 0.72 | -19.1 | 311.76 | 25.58 | -11.88 | 883.85 | 13.49 | -17.94 | 443.26 | 11.57 | -29.67 | 372.88 | 8.07 | -40.22 | 348.31 | 2.12 | -35.95 | 189.83 | 1.30 | -39.25 | 220.37 | 0.15 | 0.0 | -57.14 | 13.46 | -26.69 | 528.66 | 89.78 | 65.68 | 7.05 | 115.91 | 15.91 | 23.64 | -17.05 | 0 | -372.73 | 4.64 | -44.23 | 26.09 |
| 22Q2 (11) | 0.89 | -13.59 | 61.82 | 29.03 | 13.62 | 97.62 | 16.44 | 0.74 | 202.21 | 16.45 | 1.67 | 201.83 | 13.50 | 3.85 | 180.08 | 3.31 | -22.48 | -19.66 | 2.14 | -11.93 | 15.68 | 0.15 | -16.67 | -58.33 | 18.36 | 2.17 | 134.48 | 54.19 | -20.31 | -54.19 | 100.00 | -1.11 | 0.0 | 0.00 | 100.0 | 0 | 8.32 | 21.28 | -5.24 |
| 22Q1 (10) | 1.03 | -64.97 | 0 | 25.55 | 8.4 | 0 | 16.32 | -3.72 | 0 | 16.18 | -3.8 | 0 | 13.00 | 4.08 | 0 | 4.27 | -59.83 | 0 | 2.43 | -57.29 | 0 | 0.18 | -60.0 | 0 | 17.97 | 2.57 | 0 | 68.00 | -25.9 | 0 | 101.12 | 0.2 | 0 | -1.12 | -21.91 | 0 | 6.86 | 22.5 | 0 |
| 21Q4 (9) | 2.94 | 964.71 | -43.57 | 23.57 | 806.54 | 25.64 | 16.95 | 531.3 | 14.45 | 16.82 | 496.7 | 14.27 | 12.49 | 484.31 | 2.13 | 10.63 | 550.42 | -72.55 | 5.69 | 626.85 | -67.52 | 0.45 | 28.57 | -68.31 | 17.52 | 657.96 | 14.96 | 91.77 | 9.42 | -42.32 | 100.92 | 7.65 | 0.28 | -0.92 | -114.75 | -44.24 | 5.60 | 52.17 | 69.7 |
| 21Q3 (8) | -0.34 | -161.82 | 0 | 2.60 | -82.3 | 0 | -3.93 | -172.24 | 0 | -4.24 | -177.8 | 0 | -3.25 | -167.43 | 0 | -2.36 | -157.28 | 0 | -1.08 | -158.38 | 0 | 0.35 | -2.78 | 0 | -3.14 | -140.1 | 0 | 83.87 | -29.1 | 0 | 93.75 | -6.25 | 0 | 6.25 | 0 | 0 | 3.68 | -58.09 | 0 |
| 21Q2 (7) | 0.55 | 0 | 131.07 | 14.69 | 0 | 175.06 | 5.44 | 0 | 113.37 | 5.45 | 0 | 113.4 | 4.82 | 0 | 111.85 | 4.12 | 0 | 131.84 | 1.85 | 0 | 127.53 | 0.36 | 0 | 111.76 | 7.83 | 0 | 121.04 | 118.30 | 0 | 13.83 | 100.00 | 0 | 0.0 | 0.00 | 0 | 0 | 8.78 | 0 | -61.3 |
| 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) | 8.36 | 2.2 | 25.82 | -2.6 | 16.98 | 1.68 | 1.13 | 58.87 | 17.17 | 6.91 | 14.02 | 9.45 | 17.70 | -31.21 | 9.00 | -36.89 | 0.61 | -44.04 | 19.49 | 13.91 | 123.64 | 55.09 | 98.80 | -5.06 | 1.20 | 0 | 0.66 | 76.37 | 5.78 | 14.0 |
| 2022 (9) | 8.18 | 170.86 | 26.51 | 70.81 | 16.70 | 100.96 | 0.71 | -20.55 | 16.06 | 96.81 | 12.81 | 106.28 | 25.73 | 82.35 | 14.26 | 109.09 | 1.09 | 1.87 | 17.11 | 83.39 | 79.72 | -13.13 | 104.06 | 2.2 | -4.06 | 0 | 0.38 | -66.07 | 5.07 | -12.59 |
| 2021 (8) | 3.02 | -21.15 | 15.52 | -2.33 | 8.31 | -21.97 | 0.90 | 46.99 | 8.16 | -22.8 | 6.21 | -24.82 | 14.11 | -50.12 | 6.82 | -47.05 | 1.07 | -30.52 | 9.33 | -17.51 | 91.77 | -42.32 | 101.83 | 1.0 | -1.83 | 0 | 1.11 | -40.98 | 5.80 | 21.85 |
| 2020 (7) | 3.83 | -46.21 | 15.89 | -28.1 | 10.65 | -34.01 | 0.61 | 0.61 | 10.57 | -35.15 | 8.26 | -35.67 | 28.29 | -27.42 | 12.88 | -36.14 | 1.54 | -1.28 | 11.31 | -33.31 | 159.11 | 98.14 | 100.82 | 1.91 | -0.82 | 0 | 1.88 | 0 | 4.76 | -12.01 |
| 2019 (6) | 7.12 | -56.53 | 22.10 | -10.09 | 16.14 | -16.24 | 0.61 | 0 | 16.30 | -16.2 | 12.84 | -17.48 | 38.98 | 0 | 20.17 | 0 | 1.56 | 0 | 16.96 | -13.38 | 80.30 | -50.09 | 98.94 | -0.08 | 1.06 | 8.51 | 0.00 | 0 | 5.41 | -7.68 |
| 2018 (5) | 16.38 | 0 | 24.58 | 0 | 19.27 | 0 | 0.00 | 0 | 19.45 | 0 | 15.56 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 19.58 | 0 | 160.90 | 0 | 99.02 | 0 | 0.98 | 0 | 0.00 | 0 | 5.86 | 0 |
