- 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) | 2.10 | 40.0 | 61.54 | 32.50 | 12.5 | 7.76 | 26.07 | 18.61 | 8.26 | 26.93 | 25.2 | 33.05 | 21.32 | 25.78 | 31.85 | 15.12 | 22.13 | -16.74 | 4.95 | 32.0 | 30.26 | 0.22 | 10.0 | 0.0 | 38.81 | 11.59 | 15.85 | 204.32 | -17.43 | -40.62 | 96.81 | -5.19 | -18.59 | 3.19 | 251.38 | 116.86 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 1.50 | -21.87 | 87.5 | 28.89 | -19.41 | 13.03 | 21.98 | -24.47 | 19.65 | 21.51 | -15.15 | 47.84 | 16.95 | -16.42 | 45.62 | 12.38 | -32.97 | -26.22 | 3.75 | -24.24 | 53.06 | 0.20 | -13.04 | 5.26 | 34.78 | -7.67 | 9.85 | 247.46 | -9.19 | -51.68 | 102.11 | -11.11 | -19.08 | -2.11 | 85.74 | 91.95 | 9.24 | 1.99 | -3.35 |
| 24Q1 (18) | 1.92 | 69.91 | 79.44 | 35.85 | 44.5 | 20.02 | 29.10 | 134.11 | 36.3 | 25.35 | 42.58 | 22.17 | 20.28 | 43.32 | 22.39 | 18.47 | 52.27 | -50.24 | 4.95 | 59.68 | 50.46 | 0.23 | 15.0 | 27.78 | 37.67 | 15.52 | -7.67 | 272.50 | -16.59 | -72.16 | 114.87 | 64.33 | 11.75 | -14.78 | -149.1 | -395.95 | 9.06 | -39.19 | -19.32 |
| 23Q4 (17) | 1.13 | -13.08 | 216.49 | 24.81 | -17.74 | 146.18 | 12.43 | -48.38 | 116.78 | 17.78 | -12.15 | 131.13 | 14.15 | -12.49 | 131.35 | 12.13 | -33.2 | 134.96 | 3.10 | -18.42 | 234.2 | 0.20 | -9.09 | 233.33 | 32.61 | -2.66 | 941.85 | 326.68 | -5.06 | -77.67 | 69.90 | -41.22 | -46.15 | 30.10 | 259.06 | 201.63 | 14.90 | 64.1 | -37.02 |
| 23Q3 (16) | 1.30 | 62.5 | 151.18 | 30.16 | 18.0 | 105.92 | 24.08 | 31.08 | 104.2 | 20.24 | 39.11 | 102.29 | 16.17 | 38.92 | 102.3 | 18.16 | 8.22 | 132.69 | 3.80 | 55.1 | 154.76 | 0.22 | 15.79 | 2100.0 | 33.50 | 5.81 | 106.36 | 344.09 | -32.81 | -65.33 | 118.92 | -5.76 | 83.35 | -18.92 | 27.75 | -153.97 | 9.08 | -5.02 | -91.21 |
| 23Q2 (15) | 0.80 | -25.23 | 144.44 | 25.56 | -14.43 | 108.89 | 18.37 | -13.96 | 105.56 | 14.55 | -29.88 | 103.19 | 11.64 | -29.75 | 103.19 | 16.78 | -54.8 | 162.8 | 2.45 | -25.53 | 149.6 | 0.19 | 5.56 | 1800.0 | 31.66 | -22.4 | 114.85 | 512.10 | -47.69 | 8.86 | 126.19 | 22.76 | 74.26 | -26.19 | -779.02 | -194.94 | 9.56 | -14.87 | -87.06 |
| 23Q1 (14) | 1.07 | 210.31 | 159.12 | 29.87 | 155.6 | 105.38 | 21.35 | 128.82 | 103.42 | 20.75 | 136.33 | 102.52 | 16.57 | 136.72 | 102.52 | 37.12 | 206.97 | 274.44 | 3.29 | 242.42 | 165.54 | 0.18 | 200.0 | 1700.0 | 40.80 | 1203.51 | 109.84 | 978.94 | -33.09 | 173.92 | 102.79 | -20.82 | 35.62 | -2.98 | 89.94 | -112.26 | 11.23 | -52.54 | -91.38 |
| 22Q4 (13) | -0.97 | 61.81 | 51.5 | -53.72 | 89.46 | 97.88 | -74.08 | 87.08 | 97.48 | -57.12 | 93.53 | 98.1 | -45.13 | 93.59 | 98.12 | -34.70 | 37.53 | -124.74 | -2.31 | 66.71 | 46.15 | 0.06 | 500.0 | 0 | 3.13 | 100.59 | 100.23 | 1463.02 | 47.4 | 470.51 | 129.82 | 100.14 | 32.5 | -29.61 | -184.47 | -1564.07 | 23.66 | -77.11 | -95.96 |
| 22Q3 (12) | -2.54 | -41.11 | -38.8 | -509.88 | -77.28 | 56.01 | -573.35 | -73.47 | 55.78 | -883.29 | -93.47 | 33.38 | -703.62 | -92.67 | 33.42 | -55.55 | -107.9 | -219.62 | -6.94 | -40.49 | -71.36 | 0.01 | 0.0 | 0 | -527.08 | -147.22 | -10.07 | 992.53 | 110.99 | 350.17 | 64.86 | -10.43 | -33.6 | 35.06 | 27.09 | 1519.72 | 103.35 | 39.91 | -63.28 |
| 22Q2 (11) | -1.80 | 0.55 | 0 | -287.61 | 48.2 | 0 | -330.51 | 47.07 | 0 | -456.55 | 44.65 | 0 | -365.20 | 44.5 | 0 | -26.72 | -25.56 | 0 | -4.94 | 1.59 | 0 | 0.01 | 0.0 | 0 | -213.20 | 48.57 | 0 | 470.41 | 31.63 | 0 | 72.41 | -4.46 | 0 | 27.59 | 13.47 | 0 | 73.87 | -43.32 | 0 |
| 22Q1 (10) | -1.81 | 9.5 | 0 | -555.19 | 78.14 | 0 | -624.43 | 78.8 | 0 | -824.82 | 72.55 | 0 | -657.99 | 72.54 | 0 | -21.28 | -37.82 | 0 | -5.02 | -17.02 | 0 | 0.01 | 0 | 0 | -414.55 | 68.94 | 0 | 357.38 | 39.36 | 0 | 75.80 | -22.64 | 0 | 24.31 | 1101.95 | 0 | 130.32 | -77.74 | 0 |
| 21Q4 (9) | -2.00 | -9.29 | 0 | -2539.93 | -119.15 | 0 | -2945.48 | -127.19 | 0 | -3004.80 | -126.63 | 0 | -2396.14 | -126.73 | 0 | -15.44 | 11.16 | 0 | -4.29 | -5.93 | 0 | 0.00 | 0 | 0 | -1334.62 | -178.71 | 0 | 256.44 | 16.31 | 0 | 97.98 | 0.29 | 0 | 2.02 | -6.55 | 0 | 585.41 | 107.99 | 0 |
| 21Q3 (8) | -1.83 | 0 | 0 | -1158.97 | 0 | 0 | -1296.50 | 0 | 0 | -1325.85 | 0 | 0 | -1056.83 | 0 | 0 | -17.38 | 0 | 0 | -4.05 | 0 | 0 | 0.00 | 0 | 0 | -478.85 | 0 | 0 | 220.48 | 0 | 0 | 97.69 | 0 | 0 | 2.16 | 0 | 0 | 281.46 | 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) | 4.27 | 0 | 27.57 | 0 | 19.00 | 0 | 13.85 | -89.3 | 18.35 | 0 | 14.65 | 0 | 70.89 | 0 | 12.44 | 0 | 0.77 | 755.56 | 34.34 | 0 | 326.68 | -77.67 | 103.50 | 31.93 | -3.50 | 0 | 0.83 | -30.13 | 11.23 | -77.02 |
| 2022 (9) | -7.12 | 0 | -180.87 | 0 | -213.45 | 0 | 129.43 | -78.25 | -272.01 | 0 | -216.74 | 0 | -121.38 | 0 | -19.05 | 0 | 0.09 | 350.0 | -122.28 | 0 | 1463.02 | 470.51 | 78.45 | -20.37 | 21.53 | 1345.86 | 1.18 | -18.55 | 48.87 | -80.28 |
| 2021 (8) | -7.19 | 0 | -1003.35 | 0 | -1138.01 | 0 | 595.08 | 755.77 | -1155.19 | 0 | -929.22 | 0 | -66.68 | 0 | -16.77 | 0 | 0.02 | -86.67 | -471.72 | 0 | 256.44 | -10.04 | 98.51 | -4.59 | 1.49 | 0 | 1.45 | 0 | 247.77 | 522.38 |
| 2020 (7) | -6.45 | 0 | -78.20 | 0 | -96.17 | 0 | 69.54 | 398.5 | -93.14 | 0 | -72.90 | 0 | -46.96 | 0 | -9.55 | 0 | 0.15 | -84.85 | -11.32 | 0 | 285.05 | -24.17 | 103.25 | -3.87 | -3.25 | 0 | 0.00 | 0 | 39.81 | 232.86 |
| 2019 (6) | 4.04 | -17.72 | 18.13 | 14.97 | 11.43 | 18.45 | 13.95 | 750.04 | 10.64 | -6.09 | 8.50 | -24.04 | 33.63 | -48.21 | 10.48 | -43.04 | 0.99 | -39.26 | 27.31 | 106.89 | 375.93 | 93.41 | 107.41 | 26.05 | -7.41 | 0 | 0.00 | 0 | 11.96 | 8.63 |
| 2018 (5) | 4.91 | 71.68 | 15.77 | 17.77 | 9.65 | 28.15 | 1.64 | -12.82 | 11.33 | 36.51 | 11.19 | 32.74 | 64.94 | -16.67 | 18.40 | 28.85 | 1.63 | -1.81 | 13.20 | 26.2 | 194.37 | -48.82 | 85.21 | -6.13 | 14.89 | 61.49 | 0.00 | 0 | 11.01 | -6.46 |
| 2017 (4) | 2.86 | 0 | 13.39 | 0 | 7.53 | 0 | 1.88 | -23.72 | 8.30 | 0 | 8.43 | 0 | 77.93 | 0 | 14.28 | 0 | 1.66 | 0 | 10.46 | 0 | 379.80 | -40.1 | 90.78 | -10.7 | 9.22 | 0 | 0.00 | 0 | 11.77 | -18.77 |
| 2016 (3) | -3.89 | 0 | -8.83 | 0 | -18.36 | 0 | 2.47 | 0 | -18.06 | 0 | -17.94 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | -15.24 | 0 | 634.08 | 0 | 101.66 | 0 | -1.66 | 0 | 0.00 | 0 | 14.49 | 0 |
