- 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 | -77.27 | -92.75 | 34.80 | 27.01 | 10.23 | 4.43 | -43.92 | -77.33 | 3.13 | -75.6 | -86.56 | 2.65 | -72.25 | -85.79 | 0.43 | -79.72 | -93.8 | 0.32 | -78.81 | -93.31 | 0.12 | -25.0 | -53.85 | 9.40 | -47.54 | -60.08 | 25.15 | -45.28 | -46.34 | 140.00 | 120.0 | 65.93 | -40.00 | -197.78 | -356.0 | 25.07 | 78.43 | 153.49 |
| 24Q2 (19) | 0.44 | 7.32 | -60.71 | 27.40 | 25.34 | -10.66 | 7.90 | 354.02 | -56.47 | 12.83 | 8.27 | -37.66 | 9.55 | -0.31 | -41.8 | 2.12 | 11.58 | -63.19 | 1.51 | 7.86 | -62.25 | 0.16 | 6.67 | -33.33 | 17.92 | 14.72 | -14.14 | 45.96 | 27.84 | 7.46 | 63.64 | 303.03 | -28.06 | 40.91 | -51.42 | 254.55 | 14.05 | -4.23 | 34.84 |
| 24Q1 (18) | 0.41 | -50.6 | -57.29 | 21.86 | -2.02 | -40.92 | 1.74 | -87.0 | -91.94 | 11.85 | 14.38 | -46.19 | 9.58 | 14.46 | -45.75 | 1.90 | -52.14 | -62.3 | 1.40 | -50.18 | -60.34 | 0.15 | -55.88 | -25.0 | 15.62 | 49.05 | -31.07 | 35.95 | 0.84 | -20.09 | 15.79 | -87.68 | -83.85 | 84.21 | 398.56 | 3689.47 | 14.67 | 96.91 | 14.61 |
| 23Q4 (17) | 0.83 | -39.86 | 307.5 | 22.31 | -29.33 | -24.68 | 13.38 | -31.53 | 2.37 | 10.36 | -55.52 | 250.8 | 8.37 | -55.12 | 251.08 | 3.97 | -42.71 | 262.7 | 2.81 | -41.21 | 286.09 | 0.34 | 30.77 | 25.93 | 10.48 | -55.5 | 259.27 | 35.65 | -23.94 | -11.49 | 128.21 | 51.95 | 168.11 | -28.21 | -280.51 | -109.99 | 7.45 | -24.67 | -52.12 |
| 23Q3 (16) | 1.38 | 23.21 | 17.95 | 31.57 | 2.93 | 11.01 | 19.54 | 7.66 | 34.39 | 23.29 | 13.17 | 11.86 | 18.65 | 13.65 | 11.74 | 6.93 | 20.31 | -30.21 | 4.78 | 19.5 | -9.64 | 0.26 | 8.33 | -18.75 | 23.55 | 12.84 | 11.98 | 46.87 | 9.59 | -51.34 | 84.38 | -4.62 | 19.12 | 15.62 | 35.42 | -50.0 | 9.89 | -5.09 | -12.32 |
| 23Q2 (15) | 1.12 | 16.67 | 49.33 | 30.67 | -17.11 | 64.27 | 18.15 | -15.97 | 113.28 | 20.58 | -6.54 | 101.17 | 16.41 | -7.08 | 100.86 | 5.76 | 14.29 | -16.88 | 4.00 | 13.31 | 8.4 | 0.24 | 20.0 | -46.67 | 20.87 | -7.9 | 98.95 | 42.77 | -4.93 | -44.99 | 88.46 | -9.53 | 5.47 | 11.54 | 419.23 | -28.46 | 10.42 | -18.59 | 28.48 |
| 23Q1 (14) | 0.96 | 340.0 | 39.13 | 37.00 | 24.92 | 6.17 | 21.60 | 65.26 | 37.06 | 22.02 | 420.52 | 17.63 | 17.66 | 418.77 | 18.05 | 5.04 | 306.56 | -26.53 | 3.53 | 333.77 | -7.35 | 0.20 | -25.93 | -20.0 | 22.66 | 444.38 | 16.32 | 44.99 | 11.69 | -54.51 | 97.78 | 151.94 | 18.15 | 2.22 | -99.21 | -87.11 | 12.80 | -17.74 | -19.19 |
| 22Q4 (13) | -0.40 | -134.19 | -190.91 | 29.62 | 4.15 | -5.61 | 13.07 | -10.11 | 7.4 | -6.87 | -133.0 | -156.27 | -5.54 | -133.19 | -156.7 | -2.44 | -124.57 | -153.28 | -1.51 | -128.54 | -154.12 | 0.27 | -15.62 | -6.9 | -6.58 | -131.29 | -151.25 | 40.28 | -58.19 | -33.07 | -188.24 | -365.74 | -288.24 | 282.35 | 803.53 | 0 | 15.56 | 37.94 | -2.08 |
| 22Q3 (12) | 1.17 | 56.0 | 27.17 | 28.44 | 52.33 | -27.56 | 14.54 | 70.86 | -33.42 | 20.82 | 103.52 | -4.5 | 16.69 | 104.28 | -17.25 | 9.93 | 43.29 | -4.06 | 5.29 | 43.36 | -14.68 | 0.32 | -28.89 | 3.23 | 21.03 | 100.48 | -6.62 | 96.33 | 23.9 | 42.02 | 70.83 | -15.54 | -29.17 | 31.25 | 93.75 | 0 | 11.28 | 39.09 | -18.32 |
| 22Q2 (11) | 0.75 | 8.7 | 581.82 | 18.67 | -46.43 | -20.69 | 8.51 | -46.0 | 131.25 | 10.23 | -45.35 | 199.12 | 8.17 | -45.39 | 202.59 | 6.93 | 1.02 | 445.67 | 3.69 | -3.15 | 392.0 | 0.45 | 80.0 | 60.71 | 10.49 | -46.15 | 172.47 | 77.75 | -21.38 | 18.29 | 83.87 | 1.34 | -32.9 | 16.13 | -6.45 | 0 | 8.11 | -48.8 | -49.06 |
| 22Q1 (10) | 0.69 | 56.82 | 137.93 | 34.85 | 11.06 | 22.71 | 15.76 | 29.5 | 89.65 | 18.72 | 53.32 | 128.57 | 14.96 | 53.12 | 101.62 | 6.86 | 49.78 | 91.09 | 3.81 | 36.56 | 73.18 | 0.25 | -13.79 | -16.67 | 19.48 | 51.71 | 112.66 | 98.89 | 64.32 | 37.69 | 82.76 | -17.24 | -17.24 | 17.24 | 0 | 0 | 15.84 | -0.31 | 0.44 |
| 21Q4 (9) | 0.44 | -52.17 | 0 | 31.38 | -20.07 | 0 | 12.17 | -44.28 | 0 | 12.21 | -43.99 | 0 | 9.77 | -51.56 | 0 | 4.58 | -55.75 | 0 | 2.79 | -55.0 | 0 | 0.29 | -6.45 | 0 | 12.84 | -42.98 | 0 | 60.18 | -11.28 | 0 | 100.00 | 0.0 | 0 | 0.00 | 0 | 0 | 15.89 | 15.06 | 0 |
| 21Q3 (8) | 0.92 | 736.36 | 0 | 39.26 | 66.78 | 0 | 21.84 | 493.48 | 0 | 21.80 | 537.43 | 0 | 20.17 | 647.04 | 0 | 10.35 | 714.96 | 0 | 6.20 | 726.67 | 0 | 0.31 | 10.71 | 0 | 22.52 | 484.94 | 0 | 67.83 | 3.19 | 0 | 100.00 | -20.0 | 0 | 0.00 | 0 | 0 | 13.81 | -13.25 | 0 |
| 21Q2 (7) | 0.11 | -62.07 | 0 | 23.54 | -17.11 | 0 | 3.68 | -55.72 | 0 | 3.42 | -58.24 | 0 | 2.70 | -63.61 | 0 | 1.27 | -64.62 | 0 | 0.75 | -65.91 | 0 | 0.28 | -6.67 | 0 | 3.85 | -57.97 | 0 | 65.73 | -8.48 | 0 | 125.00 | 25.0 | 0 | 0.00 | 0 | 0 | 15.92 | 0.95 | 0 |
| 21Q1 (6) | 0.29 | 0 | 0 | 28.40 | 0 | 0 | 8.31 | 0 | 0 | 8.19 | 0 | 0 | 7.42 | 0 | 0 | 3.59 | 0 | 0 | 2.20 | 0 | 0 | 0.30 | 0 | 0 | 9.16 | 0 | 0 | 71.82 | 0 | 0 | 100.00 | 0 | 0 | 0.00 | 0 | 0 | 15.77 | 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) | 4.29 | 95.0 | 29.25 | 9.92 | 17.53 | 41.49 | 0.36 | 12.7 | 18.09 | 84.4 | 14.49 | 84.82 | 21.44 | 49.1 | 15.56 | 58.45 | 1.07 | -14.4 | 18.46 | 81.51 | 35.65 | -11.49 | 97.00 | -23.07 | 3.00 | 0 | 0.00 | 0 | 9.73 | -19.65 |
| 2022 (9) | 2.20 | 25.71 | 26.61 | -14.11 | 12.39 | 4.12 | 0.32 | -40.04 | 9.81 | -16.93 | 7.84 | -24.47 | 14.38 | -27.12 | 9.82 | -21.69 | 1.25 | 3.31 | 10.17 | -17.45 | 40.28 | -33.07 | 126.09 | 24.21 | -26.09 | 0 | 0.00 | 0 | 12.11 | -20.9 |
| 2021 (8) | 1.75 | 0 | 30.98 | 37.93 | 11.90 | 0 | 0.54 | -49.64 | 11.81 | 0 | 10.38 | 0 | 19.73 | 0 | 12.54 | 0 | 1.21 | 23.47 | 12.32 | 0 | 60.18 | 10.99 | 101.52 | -4.46 | 0.00 | 0 | 0.00 | 0 | 15.31 | -40.13 |
| 2020 (7) | -0.80 | 0 | 22.46 | -33.75 | -8.96 | 0 | 1.06 | -20.0 | -8.62 | 0 | -7.04 | 0 | -9.50 | 0 | -6.91 | 0 | 0.98 | -6.67 | -7.71 | 0 | 54.22 | 146.45 | 106.25 | 56.85 | -3.12 | 0 | 0.00 | 0 | 25.57 | 15.86 |
| 2019 (6) | 0.88 | 0 | 33.90 | 16.78 | 5.56 | 0 | 1.33 | -3.92 | 8.17 | 0 | 7.75 | 0 | 10.47 | 0 | 8.19 | 0 | 1.05 | 28.05 | 9.57 | 0 | 22.00 | -36.51 | 67.74 | -27.42 | 32.26 | 383.87 | 0.00 | 0 | 22.07 | -21.35 |
| 2018 (5) | -0.52 | 0 | 29.03 | -7.37 | -4.93 | 0 | 1.38 | -31.63 | -5.35 | 0 | -5.93 | 0 | -6.29 | 0 | -4.84 | 0 | 0.82 | 24.24 | -3.81 | 0 | 34.65 | 37.06 | 93.33 | -10.91 | 6.67 | 0 | 0.00 | 0 | 28.06 | -15.2 |
| 2017 (4) | -0.59 | 0 | 31.34 | 3.98 | -8.80 | 0 | 2.02 | 10.93 | -8.59 | 0 | -7.97 | 0 | -6.75 | 0 | -5.28 | 0 | 0.66 | -2.94 | -6.48 | 0 | 25.28 | -14.48 | 104.76 | -5.71 | -4.76 | 0 | 0.00 | 0 | 33.09 | 10.12 |
| 2016 (3) | -0.45 | 0 | 30.14 | -18.28 | -7.12 | 0 | 1.82 | -23.36 | -6.60 | 0 | -5.44 | 0 | -4.81 | 0 | -3.67 | 0 | 0.68 | 7.94 | -4.38 | 0 | 29.56 | -3.68 | 111.11 | 0 | -5.56 | 0 | 0.00 | 0 | 30.05 | -7.45 |
| 2015 (2) | 0.19 | -74.67 | 36.88 | 18.66 | -2.23 | 0 | 2.38 | 3.87 | 2.88 | -53.55 | 2.47 | -65.16 | 1.95 | -75.75 | 1.59 | -75.0 | 0.63 | -29.21 | 5.56 | -37.39 | 30.69 | 43.14 | -85.71 | 0 | 185.71 | 308.57 | 0.00 | 0 | 32.47 | 40.93 |
| 2014 (1) | 0.75 | 0 | 31.08 | 0 | 3.30 | 0 | 2.29 | 0 | 6.20 | 0 | 7.09 | 0 | 8.04 | 0 | 6.36 | 0 | 0.89 | 0 | 8.88 | 0 | 21.44 | 0 | 54.55 | 0 | 45.45 | 0 | 0.00 | 0 | 23.04 | 0 |
