- 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) | 0.77 | -34.19 | 18.46 | 17.71 | 56.04 | -10.24 | 7.76 | 30.86 | -7.95 | 7.11 | 24.74 | -5.45 | 5.68 | 24.56 | -5.65 | 3.61 | -31.37 | 16.45 | 1.41 | -28.06 | 2.17 | 0.22 | -45.0 | 10.0 | 8.42 | 28.16 | -9.27 | 156.21 | -26.09 | 21.4 | 109.52 | 6.2 | -1.43 | -9.52 | -204.76 | 14.29 | 11.91 | 79.91 | -10.72 |
| 24Q2 (19) | 1.17 | -16.43 | 8.33 | 11.35 | 11.06 | -4.3 | 5.93 | 6.65 | -3.89 | 5.70 | 2.33 | -5.0 | 4.56 | 2.24 | -4.2 | 5.26 | -14.47 | 6.69 | 1.96 | -17.99 | -2.49 | 0.40 | -23.08 | 0.0 | 6.57 | 8.24 | -3.52 | 211.34 | 22.69 | 15.25 | 103.12 | 5.84 | -0.2 | -3.12 | 0 | 6.25 | 6.62 | 20.15 | -1.49 |
| 24Q1 (18) | 1.40 | 48.94 | 0.0 | 10.22 | -49.78 | -10.98 | 5.56 | -36.24 | -19.19 | 5.57 | -36.92 | -17.24 | 4.46 | -37.01 | -17.1 | 6.15 | 41.06 | -0.65 | 2.39 | 26.46 | -8.78 | 0.52 | 108.0 | 10.64 | 6.07 | -40.72 | -17.64 | 172.26 | 6.81 | 24.19 | 97.44 | -2.56 | -5.06 | 0.00 | 0 | 100.0 | 5.51 | -57.35 | -4.34 |
| 23Q4 (17) | 0.94 | 44.62 | -49.46 | 20.35 | 3.14 | -39.36 | 8.72 | 3.44 | -59.85 | 8.83 | 17.42 | -57.93 | 7.08 | 17.61 | -57.86 | 4.36 | 40.65 | -51.61 | 1.89 | 36.96 | -43.75 | 0.25 | 25.0 | 31.58 | 10.24 | 10.34 | -54.99 | 161.28 | 25.34 | 8.2 | 100.00 | -10.0 | -4.35 | 0.00 | 100.0 | 100.0 | 12.92 | -3.15 | 3.36 |
| 23Q3 (16) | 0.65 | -39.81 | 4.84 | 19.73 | 66.36 | -19.11 | 8.43 | 36.63 | -8.07 | 7.52 | 25.33 | -6.35 | 6.02 | 26.47 | -9.2 | 3.10 | -37.12 | -20.51 | 1.38 | -31.34 | 5.34 | 0.20 | -50.0 | 17.65 | 9.28 | 36.27 | -9.29 | 128.67 | -29.83 | -43.7 | 111.11 | 7.53 | -2.78 | -11.11 | -233.33 | 22.22 | 13.34 | 98.51 | -20.5 |
| 23Q2 (15) | 1.08 | -22.86 | -20.0 | 11.86 | 3.31 | 17.78 | 6.17 | -10.32 | 17.08 | 6.00 | -10.85 | 19.28 | 4.76 | -11.52 | 22.05 | 4.93 | -20.36 | -25.64 | 2.01 | -23.28 | -3.83 | 0.40 | -14.89 | -20.0 | 6.81 | -7.6 | 17.62 | 183.38 | 32.2 | -29.21 | 103.33 | 0.68 | -0.64 | -3.33 | -26.67 | 16.67 | 6.72 | 16.67 | 11.81 |
| 23Q1 (14) | 1.40 | -24.73 | -18.13 | 11.48 | -65.79 | 19.71 | 6.88 | -68.32 | 32.31 | 6.73 | -67.94 | 28.68 | 5.38 | -67.98 | 27.19 | 6.19 | -31.3 | -29.34 | 2.62 | -22.02 | -22.26 | 0.47 | 147.37 | -39.74 | 7.37 | -67.6 | 31.37 | 138.71 | -6.94 | -36.59 | 102.63 | -1.83 | 2.63 | -2.63 | 42.11 | 0 | 5.76 | -53.92 | 12.94 |
| 22Q4 (13) | 1.86 | 200.0 | 14.81 | 33.56 | 37.6 | -2.81 | 21.72 | 136.86 | 45.67 | 20.99 | 161.39 | 38.18 | 16.80 | 153.39 | 35.92 | 9.01 | 131.03 | 5.88 | 3.36 | 156.49 | 3.38 | 0.19 | 11.76 | -24.0 | 22.75 | 122.39 | 34.06 | 149.06 | -34.78 | 39.94 | 104.55 | -8.52 | 4.55 | -4.55 | 68.18 | 0 | 12.50 | -25.51 | -38.88 |
| 22Q3 (12) | 0.62 | -54.07 | -58.39 | 24.39 | 142.2 | 29.25 | 9.17 | 74.0 | -0.43 | 8.03 | 59.64 | -1.11 | 6.63 | 70.0 | -0.6 | 3.90 | -41.18 | -45.76 | 1.31 | -37.32 | -34.5 | 0.17 | -66.0 | -39.29 | 10.23 | 76.68 | 3.65 | 228.54 | -11.77 | -12.97 | 114.29 | 9.89 | -2.04 | -14.29 | -257.14 | -28.57 | 16.78 | 179.2 | 46.81 |
| 22Q2 (11) | 1.35 | -21.05 | -32.5 | 10.07 | 5.01 | -0.69 | 5.27 | 1.35 | -11.87 | 5.03 | -3.82 | -9.69 | 3.90 | -7.8 | -12.75 | 6.63 | -24.32 | -35.57 | 2.09 | -37.98 | -25.62 | 0.50 | -35.9 | -16.67 | 5.79 | 3.21 | -7.36 | 259.04 | 18.41 | -17.89 | 104.00 | 4.0 | -3.7 | -4.00 | 0 | 50.0 | 6.01 | 17.84 | 2.91 |
| 22Q1 (10) | 1.71 | 5.56 | -27.85 | 9.59 | -72.23 | -38.45 | 5.20 | -65.12 | -43.04 | 5.23 | -65.57 | -42.02 | 4.23 | -65.78 | -41.25 | 8.76 | 2.94 | -36.29 | 3.37 | 3.69 | -26.9 | 0.78 | 212.0 | 23.81 | 5.61 | -66.94 | -42.34 | 218.76 | 105.37 | -12.28 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | 0 | 5.10 | -75.06 | -32.63 |
| 21Q4 (9) | 1.62 | 8.72 | -24.65 | 34.53 | 82.99 | 39.29 | 14.91 | 61.89 | 39.09 | 15.19 | 87.07 | 47.62 | 12.36 | 85.31 | 51.84 | 8.51 | 18.36 | -50.47 | 3.25 | 62.5 | -54.35 | 0.25 | -10.71 | -70.24 | 16.97 | 71.94 | 45.42 | 106.52 | -59.44 | -29.81 | 100.00 | -14.29 | -2.94 | 0.00 | 100.0 | 100.0 | 20.45 | 78.92 | 44.73 |
| 21Q3 (8) | 1.49 | -25.5 | 0 | 18.87 | 86.09 | 0 | 9.21 | 54.01 | 0 | 8.12 | 45.78 | 0 | 6.67 | 49.22 | 0 | 7.19 | -30.13 | 0 | 2.00 | -28.83 | 0 | 0.28 | -53.33 | 0 | 9.87 | 57.92 | 0 | 262.61 | -16.76 | 0 | 116.67 | 8.02 | 0 | -11.11 | -38.89 | 0 | 11.43 | 95.72 | 0 |
| 21Q2 (7) | 2.00 | -15.61 | 0 | 10.14 | -34.92 | 0 | 5.98 | -34.5 | 0 | 5.57 | -38.25 | 0 | 4.47 | -37.92 | 0 | 10.29 | -25.16 | 0 | 2.81 | -39.05 | 0 | 0.60 | -4.76 | 0 | 6.25 | -35.77 | 0 | 315.47 | 26.5 | 0 | 108.00 | 8.0 | 0 | -8.00 | 0 | 0 | 5.84 | -22.85 | 0 |
| 21Q1 (6) | 2.37 | 10.23 | 0 | 15.58 | -37.15 | 0 | 9.13 | -14.83 | 0 | 9.02 | -12.34 | 0 | 7.20 | -11.55 | 0 | 13.75 | -19.97 | 0 | 4.61 | -35.25 | 0 | 0.63 | -25.0 | 0 | 9.73 | -16.62 | 0 | 249.38 | 64.34 | 0 | 100.00 | -2.94 | 0 | 0.00 | 100.0 | 0 | 7.57 | -46.43 | 0 |
| 20Q4 (5) | 2.15 | 0 | 0 | 24.79 | 0 | 0 | 10.72 | 0 | 0 | 10.29 | 0 | 0 | 8.14 | 0 | 0 | 17.18 | 0 | 0 | 7.12 | 0 | 0 | 0.84 | 0 | 0 | 11.67 | 0 | 0 | 151.75 | 0 | 0 | 103.03 | 0 | 0 | -3.03 | 0 | 0 | 14.13 | 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) | 4.07 | -15.38 | 14.44 | -3.35 | 7.23 | -10.3 | 0.50 | 5.57 | 7.01 | -9.55 | 5.59 | -9.84 | 18.50 | -24.02 | 7.70 | -30.06 | 1.30 | -22.62 | 7.94 | -9.05 | 161.28 | 8.2 | 103.57 | -0.78 | -2.68 | 0 | 0.08 | -5.82 | 8.49 | 8.02 |
| 2022 (9) | 4.81 | -23.29 | 14.94 | -11.12 | 8.06 | -7.99 | 0.47 | -30.98 | 7.75 | -7.74 | 6.20 | -8.55 | 24.35 | -33.43 | 11.01 | -35.73 | 1.68 | -30.29 | 8.73 | -7.52 | 149.06 | 39.94 | 104.39 | 0.29 | -4.39 | 0 | 0.08 | 0 | 7.86 | -17.0 |
| 2021 (8) | 6.27 | 89.43 | 16.81 | -2.15 | 8.76 | 21.16 | 0.69 | -29.17 | 8.40 | 21.39 | 6.78 | 23.27 | 36.58 | 38.35 | 17.13 | 55.44 | 2.41 | 25.52 | 9.44 | 15.54 | 106.52 | -29.81 | 104.08 | 0.08 | -4.08 | 0 | 0.00 | 0 | 9.47 | -20.02 |
| 2020 (7) | 3.31 | 2.16 | 17.18 | -13.36 | 7.23 | 1.83 | 0.97 | -12.74 | 6.92 | -0.57 | 5.50 | -0.18 | 26.44 | 18.19 | 11.02 | 20.17 | 1.92 | 22.29 | 8.17 | -4.11 | 151.75 | 1.03 | 104.00 | 4.0 | -4.00 | 0 | 0.00 | 0 | 11.84 | -13.01 |
| 2019 (6) | 3.24 | 0 | 19.83 | 0 | 7.10 | 0 | 1.11 | 0 | 6.96 | 0 | 5.51 | 0 | 22.37 | 0 | 9.17 | 0 | 1.57 | 0 | 8.52 | 0 | 150.20 | -9.67 | 100.00 | 0 | -2.63 | 0 | 0.00 | 0 | 13.61 | 0 |
| 2018 (5) | 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 | 166.27 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 |
