- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q4 (20) | -0.11 | 90.52 | 84.06 | 89.98 | -0.34 | -2.57 | -1.34 | 92.6 | 46.61 | -0.34 | 98.02 | 96.63 | -1.43 | 91.72 | 85.81 | -0.85 | 90.06 | 81.44 | -0.23 | 94.76 | 92.63 | 0.27 | 3.85 | -12.9 | 2.83 | 120.37 | 133.65 | 128.18 | 16.9 | 154.93 | 300.00 | 184.62 | 1220.0 | -200.00 | -3600.0 | -375.0 | 47.09 | -12.7 | 12.49 |
| 24Q3 (19) | -1.16 | -251.52 | -363.64 | 90.29 | -0.32 | 0.5 | -18.12 | -168.44 | -1422.63 | -17.20 | -223.92 | -334.01 | -17.27 | -224.02 | -333.69 | -8.55 | -275.0 | -325.59 | -4.39 | -225.19 | -278.46 | 0.26 | 0.0 | -21.21 | -13.89 | -353.92 | -254.51 | 109.65 | 43.31 | 164.6 | 105.41 | -18.92 | 391.89 | -5.41 | 81.98 | -106.88 | 53.94 | 3.16 | 31.11 |
| 24Q2 (18) | -0.33 | -191.67 | -194.29 | 90.58 | -1.3 | -1.28 | -6.75 | -719.27 | -245.47 | -5.31 | -194.82 | -193.65 | -5.33 | -195.18 | -194.0 | -2.28 | -190.12 | -151.35 | -1.35 | -179.88 | -153.78 | 0.26 | -13.33 | -40.91 | -3.06 | -137.27 | -141.52 | 76.51 | 42.82 | -7.96 | 130.00 | 680.0 | 58.89 | -30.00 | -140.0 | -265.0 | 52.29 | 14.7 | 38.33 |
| 24Q1 (17) | 0.36 | 152.17 | 500.0 | 91.77 | -0.63 | 0.23 | 1.09 | 143.43 | -65.62 | 5.60 | 155.5 | 428.3 | 5.60 | 155.56 | 428.3 | 2.53 | 155.24 | 212.35 | 1.69 | 154.17 | 231.37 | 0.30 | -3.23 | -31.82 | 8.21 | 197.62 | 198.55 | 53.57 | 6.54 | -28.36 | 16.67 | -26.67 | -94.44 | 75.00 | 3.12 | 137.5 | 45.59 | 8.91 | 20.7 |
| 23Q4 (16) | -0.69 | -256.82 | -38.0 | 92.35 | 2.79 | 9.65 | -2.51 | -283.21 | 60.35 | -10.09 | -237.28 | 9.91 | -10.08 | -236.4 | 10.0 | -4.58 | -220.84 | 29.54 | -3.12 | -226.83 | 17.89 | 0.31 | -6.06 | -8.82 | -8.41 | -193.55 | 6.76 | 50.28 | 21.33 | -29.81 | 22.73 | 6.06 | -57.39 | 72.73 | -7.44 | 55.84 | 41.86 | 1.75 | -14.76 |
| 23Q3 (15) | 0.44 | 25.71 | 177.19 | 89.84 | -2.08 | 4.67 | 1.37 | -70.47 | 104.95 | 7.35 | 29.63 | 142.81 | 7.39 | 30.34 | 143.04 | 3.79 | -14.64 | 151.15 | 2.46 | -1.99 | 154.42 | 0.33 | -25.0 | 26.92 | 8.99 | 21.98 | 164.21 | 41.44 | -50.15 | -37.28 | 21.43 | -73.81 | -86.99 | 78.57 | 332.14 | 221.43 | 41.14 | 8.84 | -28.06 |
| 23Q2 (14) | 0.35 | 483.33 | 153.03 | 91.75 | 0.21 | 8.45 | 4.64 | 46.37 | 117.86 | 5.67 | 434.91 | 128.27 | 5.67 | 434.91 | 128.27 | 4.44 | 448.15 | 156.35 | 2.51 | 392.16 | 149.51 | 0.44 | 0.0 | 76.0 | 7.37 | 168.0 | 142.48 | 83.13 | 11.17 | 37.91 | 81.82 | -72.73 | -37.06 | 18.18 | 109.09 | 160.61 | 37.80 | 0.08 | -24.4 |
| 23Q1 (13) | 0.06 | 112.0 | 118.75 | 91.56 | 8.72 | 4.1 | 3.17 | 150.08 | 119.95 | 1.06 | 109.46 | 116.91 | 1.06 | 109.46 | 116.91 | 0.81 | 112.46 | 138.39 | 0.51 | 113.42 | 135.92 | 0.44 | 29.41 | 91.3 | 2.75 | 130.49 | 180.65 | 74.78 | 4.4 | 49.05 | 300.00 | 462.5 | 28.57 | -200.00 | -528.57 | -50.0 | 37.77 | -23.09 | -21.66 |
| 22Q4 (12) | -0.50 | 12.28 | -363.16 | 84.22 | -1.88 | -6.87 | -6.33 | 77.12 | -179.92 | -11.20 | 34.77 | -271.78 | -11.20 | 34.77 | -271.78 | -6.50 | 12.28 | -429.95 | -3.80 | 15.93 | -353.33 | 0.34 | 30.77 | 47.83 | -9.02 | 35.57 | -200.33 | 71.63 | 8.42 | 69.86 | 53.33 | -67.62 | -54.29 | 46.67 | 172.12 | 380.0 | 49.11 | -14.13 | 11.44 |
| 22Q3 (11) | -0.57 | 13.64 | 0 | 85.83 | 1.45 | 0 | -27.67 | -6.51 | 0 | -17.17 | 14.41 | 0 | -17.17 | 14.41 | 0 | -7.41 | 5.96 | 0 | -4.52 | 10.85 | 0 | 0.26 | 4.0 | 0 | -14.00 | 19.31 | 0 | 66.07 | 9.61 | 0 | 164.71 | 26.7 | 0 | -64.71 | -115.69 | 0 | 57.19 | 14.38 | 0 |
| 22Q2 (10) | -0.66 | -106.25 | 0 | 84.60 | -3.81 | 0 | -25.98 | -63.5 | 0 | -20.06 | -219.94 | 0 | -20.06 | -219.94 | 0 | -7.88 | -273.46 | 0 | -5.07 | -257.04 | 0 | 0.25 | 8.7 | 0 | -17.35 | -408.8 | 0 | 60.28 | 20.15 | 0 | 130.00 | -44.29 | 0 | -30.00 | 77.5 | 0 | 50.00 | 3.71 | 0 |
| 22Q1 (9) | -0.32 | -268.42 | 0 | 87.95 | -2.74 | 0 | -15.89 | -300.63 | 0 | -6.27 | -196.17 | 0 | -6.27 | -196.17 | 0 | -2.11 | -207.11 | 0 | -1.42 | -194.67 | 0 | 0.23 | 0.0 | 0 | -3.41 | -137.93 | 0 | 50.17 | 18.97 | 0 | 233.33 | 100.0 | 0 | -133.33 | -700.0 | 0 | 48.21 | 9.39 | 0 |
| 21Q4 (8) | 0.19 | 0 | 0 | 90.43 | 0 | 0 | 7.92 | 0 | 0 | 6.52 | 0 | 0 | 6.52 | 0 | 0 | 1.97 | 0 | 0 | 1.50 | 0 | 0 | 0.23 | 0 | 0 | 8.99 | 0 | 0 | 42.17 | 0 | 0 | 116.67 | 0 | 0 | -16.67 | 0 | 0 | 44.07 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 (10) | -1.24 | 0 | 90.62 | -0.86 | -6.16 | 0 | 2.08 | 46.08 | -4.24 | 0 | -4.57 | 0 | -9.22 | 0 | -4.62 | 0 | 1.08 | -24.48 | -1.38 | 0 | 128.18 | 154.93 | 143.24 | -40.32 | -45.95 | 0 | 18.15 | 461.08 | 49.62 | 24.89 |
| 2023 (9) | 0.16 | 0 | 91.41 | 6.94 | 1.52 | 0 | 1.42 | -40.31 | 0.65 | 0 | 0.66 | 0 | 1.48 | 0 | 1.05 | 0 | 1.43 | 32.41 | 2.33 | 0 | 50.28 | -29.81 | 240.00 | 80.0 | -140.00 | 0 | 3.24 | -34.65 | 39.73 | -22.19 |
| 2022 (8) | -1.90 | 0 | 85.48 | -4.17 | -18.03 | 0 | 2.38 | -39.05 | -13.67 | 0 | -13.67 | 0 | -22.94 | 0 | -14.60 | 0 | 1.08 | 66.15 | -10.95 | 0 | 71.63 | 69.86 | 133.33 | 50.62 | -31.58 | 0 | 4.95 | 1766.34 | 51.06 | -10.09 |
| 2021 (7) | -2.04 | 0 | 89.20 | 1.62 | -21.31 | 0 | 3.91 | -15.04 | -23.92 | 0 | -23.92 | 0 | -20.74 | 0 | -15.55 | 0 | 0.65 | 0 | -19.92 | 0 | 42.17 | 68.95 | 88.52 | 2.94 | 11.48 | -18.03 | 0.27 | 0 | 56.79 | -7.27 |
| 2020 (6) | -2.96 | 0 | 87.78 | 0 | -24.78 | 0 | 4.60 | 0 | -28.92 | 0 | -28.92 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | -24.14 | 0 | 24.96 | 0 | 86.00 | 0 | 14.00 | 0 | 0.00 | 0 | 61.24 | 0 |
