- 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) | -0.10 | -110.53 | -433.33 | 48.93 | -2.14 | 45.5 | -2.52 | -123.86 | -514.63 | -4.80 | -115.18 | -589.8 | -3.60 | -114.85 | -567.53 | -0.61 | -110.89 | -421.05 | -0.21 | -106.65 | -195.45 | 0.10 | -16.67 | -28.57 | 3.00 | -91.96 | -48.63 | 77.70 | 1.24 | 16.11 | 60.00 | 80.0 | 160.0 | 40.00 | -40.0 | -80.0 | 37.51 | 29.08 | 43.72 |
| 24Q2 (19) | 0.95 | 1087.5 | 1155.56 | 50.00 | -14.63 | 4.69 | 10.56 | 235.24 | 255.29 | 31.62 | 577.09 | 734.94 | 24.25 | 592.86 | 715.48 | 5.60 | 1020.0 | 1100.0 | 3.16 | 731.58 | 1680.0 | 0.12 | 50.0 | 50.0 | 37.31 | 174.74 | 807.79 | 76.75 | -19.26 | 7.01 | 33.33 | -55.56 | -73.33 | 66.67 | 166.67 | 366.67 | 29.06 | -23.73 | -20.86 |
| 24Q1 (18) | 0.08 | 109.41 | -80.49 | 58.57 | -0.51 | -5.38 | 3.15 | 104.45 | -83.9 | 4.67 | 105.52 | -75.37 | 3.50 | 105.07 | -76.64 | 0.50 | 110.59 | -81.2 | 0.38 | 114.5 | -75.32 | 0.08 | 100.0 | -11.11 | 13.58 | 119.62 | -48.77 | 95.06 | 19.53 | 15.63 | 75.00 | -11.61 | -25.0 | 25.00 | 65.0 | 500.0 | 38.10 | -57.28 | 19.96 |
| 23Q4 (17) | -0.85 | -2933.33 | -403.57 | 58.87 | 75.05 | 114.7 | -70.79 | -17165.85 | -1139.5 | -84.56 | -8728.57 | -1580.91 | -68.98 | -9058.44 | -1609.41 | -4.72 | -2584.21 | -359.34 | -2.62 | -1290.91 | -347.17 | 0.04 | -71.43 | -80.95 | -69.23 | -1285.45 | -845.21 | 79.53 | 18.84 | -12.82 | 84.85 | 184.85 | -29.29 | 15.15 | -92.42 | 175.76 | 89.19 | 241.72 | 512.15 |
| 23Q3 (16) | 0.03 | 133.33 | -88.0 | 33.63 | -29.59 | -36.99 | -0.41 | 93.97 | -104.77 | 0.98 | 119.68 | -90.65 | 0.77 | 119.54 | -90.81 | 0.19 | 133.93 | -88.41 | 0.22 | 210.0 | -77.32 | 0.14 | 75.0 | 40.0 | 5.84 | 42.09 | -65.75 | 66.92 | -6.69 | -31.1 | -100.00 | -180.0 | -212.5 | 200.00 | 900.0 | 800.0 | 26.10 | -28.92 | -19.34 |
| 23Q2 (15) | -0.09 | -121.95 | -140.91 | 47.76 | -22.84 | -0.19 | -6.80 | -134.76 | -205.26 | -4.98 | -126.27 | -162.02 | -3.94 | -126.3 | -162.74 | -0.56 | -121.05 | -150.0 | -0.20 | -112.99 | -128.57 | 0.08 | -11.11 | -20.0 | 4.11 | -84.5 | -72.6 | 71.72 | -12.76 | -17.52 | 125.00 | 25.0 | 50.0 | -25.00 | -300.0 | -250.0 | 36.72 | 15.62 | 10.24 |
| 23Q1 (14) | 0.41 | 46.43 | 127.78 | 61.90 | 125.75 | 22.16 | 19.56 | 187.22 | 234.36 | 18.96 | 232.05 | 180.06 | 14.98 | 227.79 | 177.92 | 2.66 | 46.15 | 168.69 | 1.54 | 45.28 | 136.92 | 0.09 | -57.14 | -18.18 | 26.51 | 185.36 | 161.7 | 82.21 | -9.89 | 19.25 | 100.00 | -16.67 | 0.0 | -6.25 | 68.75 | -131.25 | 31.76 | 117.98 | 4.85 |
| 22Q4 (13) | 0.28 | 12.0 | -79.41 | 27.42 | -48.62 | -48.85 | 6.81 | -20.81 | -73.45 | 5.71 | -45.52 | -78.06 | 4.57 | -45.47 | -76.54 | 1.82 | 10.98 | -65.27 | 1.06 | 9.28 | -66.24 | 0.21 | 110.0 | 31.25 | 9.29 | -45.51 | -68.24 | 91.23 | -6.06 | 31.91 | 120.00 | 35.0 | 24.44 | -20.00 | -190.0 | 0 | 14.57 | -54.98 | -31.56 |
| 22Q3 (12) | 0.25 | 13.64 | -77.06 | 53.37 | 11.54 | -5.32 | 8.60 | 33.13 | -69.43 | 10.48 | 30.51 | -62.69 | 8.38 | 33.44 | -63.31 | 1.64 | 46.43 | -82.95 | 0.97 | 38.57 | -80.36 | 0.10 | 0.0 | -52.38 | 17.05 | 13.67 | -44.06 | 97.12 | 11.7 | 30.61 | 88.89 | 6.67 | -11.11 | 22.22 | 33.33 | 0 | 32.36 | -2.85 | 40.27 |
| 22Q2 (11) | 0.22 | 22.22 | 0 | 47.85 | -5.57 | 0 | 6.46 | 10.43 | 0 | 8.03 | 18.61 | 0 | 6.28 | 16.51 | 0 | 1.12 | 13.13 | 0 | 0.70 | 7.69 | 0 | 0.10 | -9.09 | 0 | 15.00 | 48.08 | 0 | 86.95 | 26.12 | 0 | 83.33 | -16.67 | 0 | 16.67 | -16.67 | 0 | 33.31 | 9.97 | 0 |
| 22Q1 (10) | 0.18 | -86.76 | 0 | 50.67 | -5.48 | 0 | 5.85 | -77.19 | 0 | 6.77 | -73.99 | 0 | 5.39 | -72.33 | 0 | 0.99 | -81.11 | 0 | 0.65 | -79.3 | 0 | 0.11 | -31.25 | 0 | 10.13 | -65.37 | 0 | 68.94 | -0.32 | 0 | 100.00 | 3.7 | 0 | 20.00 | 0 | 0 | 30.29 | 42.27 | 0 |
| 21Q4 (9) | 1.36 | 24.77 | 0 | 53.61 | -4.9 | 0 | 25.65 | -8.82 | 0 | 26.03 | -7.33 | 0 | 19.48 | -14.71 | 0 | 5.24 | -45.53 | 0 | 3.14 | -36.44 | 0 | 0.16 | -23.81 | 0 | 29.25 | -4.04 | 0 | 69.16 | -6.99 | 0 | 96.43 | -3.57 | 0 | 0.00 | 0 | 0 | 21.29 | -7.72 | 0 |
| 21Q3 (8) | 1.09 | 0 | 0 | 56.37 | 0 | 0 | 28.13 | 0 | 0 | 28.09 | 0 | 0 | 22.84 | 0 | 0 | 9.62 | 0 | 0 | 4.94 | 0 | 0 | 0.21 | 0 | 0 | 30.48 | 0 | 0 | 74.36 | 0 | 0 | 100.00 | 0 | 0 | 0.00 | 0 | 0 | 23.07 | 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) | -0.52 | 0 | 46.78 | 14.68 | -5.17 | 0 | 6.02 | 61.52 | -5.98 | 0 | -4.98 | 0 | -3.23 | 0 | -1.31 | 0 | 0.35 | -36.36 | 2.11 | -82.59 | 79.53 | -12.82 | 85.00 | -12.17 | 15.00 | 132.5 | 0.49 | -12.73 | 37.32 | 51.89 |
| 2022 (9) | 0.83 | -79.51 | 40.79 | -21.63 | 6.94 | -67.9 | 3.73 | 50.01 | 7.31 | -65.97 | 5.82 | -65.91 | 5.76 | -75.75 | 3.59 | -71.53 | 0.55 | -23.61 | 12.12 | -50.71 | 91.23 | 31.91 | 96.77 | -3.23 | 6.45 | 0 | 0.57 | 29.34 | 24.57 | 5.0 |
| 2021 (8) | 4.05 | -21.21 | 52.05 | -6.27 | 21.62 | 27.4 | 2.49 | 5.25 | 21.48 | 5.04 | 17.07 | 3.02 | 23.75 | -47.41 | 12.61 | -22.5 | 0.72 | -25.0 | 24.59 | 4.11 | 69.16 | -60.86 | 100.00 | 20.93 | -1.28 | 0 | 0.44 | 0 | 23.40 | -9.23 |
| 2020 (7) | 5.14 | 0 | 55.53 | 46.13 | 16.97 | 0 | 2.36 | -40.47 | 20.45 | 0 | 16.57 | 0 | 45.16 | 0 | 16.27 | 0 | 0.96 | 24.68 | 23.62 | 892.44 | 176.71 | -9.76 | 82.69 | -17.31 | 17.31 | 0 | 0.00 | 0 | 25.78 | -26.13 |
| 2019 (6) | -0.62 | 0 | 38.00 | 66.37 | -2.30 | 0 | 3.97 | 229.37 | -2.45 | 0 | -1.96 | 0 | -5.01 | 0 | -1.02 | 0 | 0.77 | -36.36 | 2.38 | -75.31 | 195.83 | -40.81 | 100.00 | 0.0 | -0.00 | 0 | 0.00 | 0 | 34.90 | 63.08 |
| 2018 (5) | 2.76 | 0 | 22.84 | 0 | 8.60 | 0 | 1.20 | 0 | 8.44 | 0 | 6.66 | 0 | 28.86 | 0 | 8.27 | 0 | 1.21 | 0 | 9.64 | 0 | 330.87 | 247.88 | 100.00 | 0 | 0.00 | 0 | 0.00 | 0 | 21.40 | 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 | 95.11 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 |
