- 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) | 0.34 | -20.93 | 47.83 | 17.80 | -14.71 | 31.08 | 9.08 | -21.11 | 54.16 | 9.38 | -25.08 | 38.35 | 7.55 | -22.08 | 39.3 | 2.41 | -20.98 | 25.52 | 1.94 | -21.46 | 25.16 | 0.26 | 4.0 | -7.14 | 12.23 | -21.1 | 30.66 | 25.26 | 1.04 | 1.2 | 97.44 | 5.73 | 12.72 | 3.85 | -50.96 | -71.63 | 8.74 | 2.82 | 29.48 |
| 24Q2 (19) | 0.43 | 48.28 | 115.0 | 20.87 | 12.33 | 60.54 | 11.51 | 30.35 | 123.06 | 12.52 | 31.24 | 97.17 | 9.69 | 27.17 | 89.26 | 3.05 | 34.36 | 73.3 | 2.47 | 34.24 | 70.34 | 0.25 | 4.17 | -7.41 | 15.50 | 23.02 | 69.77 | 25.00 | 7.53 | -6.26 | 92.16 | 0.41 | 13.59 | 7.84 | 14.51 | -58.43 | 8.50 | -10.05 | 19.89 |
| 24Q1 (18) | 0.29 | -21.62 | 825.0 | 18.58 | 8.34 | 138.51 | 8.83 | 4.13 | 622.49 | 9.54 | 4.95 | 1803.57 | 7.62 | 4.24 | 10985.71 | 2.27 | -17.45 | 11450.0 | 1.84 | -17.12 | 9100.0 | 0.24 | -20.0 | 14.29 | 12.60 | 7.78 | 334.48 | 23.25 | -10.99 | 1.84 | 91.78 | -2.48 | -66.63 | 6.85 | -2.97 | 103.91 | 9.45 | 23.05 | 17.25 |
| 23Q4 (17) | 0.37 | 60.87 | 516.67 | 17.15 | 26.29 | 119.87 | 8.48 | 43.97 | 946.91 | 9.09 | 34.07 | 549.29 | 7.31 | 34.87 | 400.68 | 2.75 | 43.23 | 366.1 | 2.22 | 43.23 | 353.06 | 0.30 | 7.14 | 0.0 | 11.69 | 24.89 | 202.07 | 26.12 | 4.65 | -17.32 | 94.12 | 8.88 | 64.71 | 7.06 | -47.94 | -83.53 | 7.68 | 13.78 | 35.21 |
| 23Q3 (16) | 0.23 | 15.0 | 387.5 | 13.58 | 4.46 | 148.26 | 5.89 | 14.15 | 482.47 | 6.78 | 6.77 | 2360.0 | 5.42 | 5.86 | 1253.19 | 1.92 | 9.09 | 1229.41 | 1.55 | 6.9 | 1822.22 | 0.28 | 3.7 | 3.7 | 9.36 | 2.52 | 343.6 | 24.96 | -6.41 | -34.44 | 86.44 | 6.54 | -81.48 | 13.56 | -28.14 | 103.7 | 6.75 | -4.8 | 10.47 |
| 23Q2 (15) | 0.20 | 600.0 | 100.0 | 13.00 | 66.88 | 29.87 | 5.16 | 405.33 | 66.45 | 6.35 | 1233.93 | 108.2 | 5.12 | 7414.29 | 121.65 | 1.76 | 8900.0 | 131.58 | 1.45 | 7150.0 | 137.7 | 0.27 | 28.57 | 3.85 | 9.13 | 214.83 | 69.07 | 26.67 | 16.82 | -26.14 | 81.13 | -70.5 | -21.99 | 18.87 | 110.78 | 0 | 7.09 | -12.03 | 9.75 |
| 23Q1 (14) | -0.04 | -166.67 | -121.05 | 7.79 | -0.13 | -35.88 | -1.69 | -308.64 | -132.69 | -0.56 | -140.0 | -109.08 | -0.07 | -104.79 | -101.36 | -0.02 | -103.39 | -101.23 | 0.02 | -95.92 | -98.48 | 0.21 | -30.0 | -16.0 | 2.90 | -25.06 | -65.06 | 22.83 | -27.73 | 12.8 | 275.00 | 381.25 | 227.38 | -175.00 | -508.33 | -1193.75 | 8.06 | 41.9 | 14.49 |
| 22Q4 (13) | 0.06 | 175.0 | -62.5 | 7.80 | 42.6 | -29.16 | 0.81 | 152.6 | -78.46 | 1.40 | 566.67 | -70.21 | 1.46 | 410.64 | -63.22 | 0.59 | 447.06 | -58.45 | 0.49 | 644.44 | -57.39 | 0.30 | 11.11 | 3.45 | 3.87 | 83.41 | -41.27 | 31.59 | -17.02 | 17.35 | 57.14 | -87.76 | -28.16 | 42.86 | 111.69 | 109.52 | 5.68 | -7.04 | -20.34 |
| 22Q3 (12) | -0.08 | -180.0 | -150.0 | 5.47 | -45.35 | -52.8 | -1.54 | -149.68 | -140.42 | -0.30 | -109.84 | -105.62 | -0.47 | -120.35 | -110.15 | -0.17 | -122.37 | -112.14 | -0.09 | -114.75 | -107.83 | 0.27 | 3.85 | 8.0 | 2.11 | -60.93 | -71.56 | 38.07 | 5.43 | 65.67 | 466.67 | 348.72 | 553.33 | -366.67 | 0 | -1383.33 | 6.11 | -5.42 | -10.8 |
| 22Q2 (11) | 0.10 | -47.37 | -68.75 | 10.01 | -17.61 | -40.84 | 3.10 | -40.04 | -67.71 | 3.05 | -50.57 | -68.56 | 2.31 | -55.23 | -70.5 | 0.76 | -53.09 | -67.24 | 0.61 | -53.79 | -67.89 | 0.26 | 4.0 | 8.33 | 5.40 | -34.94 | -54.12 | 36.11 | 78.41 | 58.8 | 104.00 | 23.81 | 5.37 | 0.00 | -100.0 | -100.0 | 6.46 | -8.24 | -7.71 |
| 22Q1 (10) | 0.19 | 18.75 | -48.65 | 12.15 | 10.35 | -38.29 | 5.17 | 37.5 | -56.7 | 6.17 | 31.28 | -51.46 | 5.16 | 29.97 | -49.85 | 1.62 | 14.08 | -42.55 | 1.32 | 14.78 | -42.86 | 0.25 | -13.79 | 13.64 | 8.30 | 25.95 | -45.07 | 20.24 | -24.81 | -12.8 | 84.00 | 5.6 | -11.06 | 16.00 | -21.78 | 188.0 | 7.04 | -1.26 | -10.89 |
| 21Q4 (9) | 0.16 | 0.0 | -50.0 | 11.01 | -5.0 | -38.49 | 3.76 | -1.31 | -60.67 | 4.70 | -11.99 | -55.58 | 3.97 | -14.25 | -52.68 | 1.42 | 1.43 | -40.83 | 1.15 | 0.0 | -42.79 | 0.29 | 16.0 | 20.83 | 6.59 | -11.19 | -49.54 | 26.92 | 17.15 | 24.11 | 79.55 | 11.36 | -12.38 | 20.45 | -28.41 | 122.08 | 7.13 | 4.09 | -21.56 |
| 21Q3 (8) | 0.16 | -50.0 | -48.39 | 11.59 | -31.5 | -26.46 | 3.81 | -60.31 | -56.11 | 5.34 | -44.95 | -39.93 | 4.63 | -40.87 | -35.43 | 1.40 | -39.66 | -40.68 | 1.15 | -39.47 | -41.33 | 0.25 | 4.17 | -7.41 | 7.42 | -36.96 | -31.55 | 22.98 | 1.06 | 24.82 | 71.43 | -27.63 | -26.53 | 28.57 | 2100.0 | 928.57 | 6.85 | -2.14 | 4.1 |
| 21Q2 (7) | 0.32 | -13.51 | 6.67 | 16.92 | -14.07 | 20.34 | 9.60 | -19.6 | 70.82 | 9.70 | -23.68 | 1.57 | 7.83 | -23.91 | -4.86 | 2.32 | -17.73 | 8.41 | 1.90 | -17.75 | 9.2 | 0.24 | 9.09 | 14.29 | 11.77 | -22.1 | -1.83 | 22.74 | -2.02 | -3.52 | 98.70 | 4.51 | 67.24 | 1.30 | -76.62 | -96.83 | 7.00 | -11.39 | -13.15 |
| 21Q1 (6) | 0.37 | 15.62 | 311.11 | 19.69 | 10.0 | 18.54 | 11.94 | 24.9 | 66.99 | 12.71 | 20.13 | 181.82 | 10.29 | 22.65 | 239.6 | 2.82 | 17.5 | 286.3 | 2.31 | 14.93 | 272.58 | 0.22 | -8.33 | 15.79 | 15.11 | 15.7 | 111.33 | 23.21 | 7.01 | -3.33 | 94.44 | 4.03 | -40.7 | 5.56 | -39.68 | 109.38 | 7.90 | -13.09 | 0 |
| 20Q4 (5) | 0.32 | 3.23 | 28.0 | 17.90 | 13.58 | 31.14 | 9.56 | 10.14 | 38.15 | 10.58 | 19.01 | 50.07 | 8.39 | 17.02 | 58.6 | 2.40 | 1.69 | 22.45 | 2.01 | 2.55 | 25.62 | 0.24 | -11.11 | -20.0 | 13.06 | 20.48 | 47.9 | 21.69 | 17.82 | -19.93 | 90.79 | -6.62 | -7.77 | 9.21 | 231.58 | 489.47 | 9.09 | 38.15 | 0 |
| 20Q3 (4) | 0.31 | 3.33 | 0.0 | 15.76 | 12.09 | 0.0 | 8.68 | 54.45 | 0.0 | 8.89 | -6.91 | 0.0 | 7.17 | -12.88 | 0.0 | 2.36 | 10.28 | 0.0 | 1.96 | 12.64 | 0.0 | 0.27 | 28.57 | 0.0 | 10.84 | -9.59 | 0.0 | 18.41 | -21.89 | 0.0 | 97.22 | 64.74 | 0.0 | 2.78 | -93.22 | 0.0 | 6.58 | -18.36 | 0.0 |
| 20Q2 (3) | 0.30 | 233.33 | 0.0 | 14.06 | -15.35 | 0.0 | 5.62 | -21.4 | 0.0 | 9.55 | 111.75 | 0.0 | 8.23 | 171.62 | 0.0 | 2.14 | 193.15 | 0.0 | 1.74 | 180.65 | 0.0 | 0.21 | 10.53 | 0.0 | 11.99 | 67.69 | 0.0 | 23.57 | -1.83 | 0.0 | 59.02 | -62.94 | 0.0 | 40.98 | 169.16 | 0.0 | 8.06 | 0 | 0.0 |
| 20Q1 (2) | 0.09 | -64.0 | 0.0 | 16.61 | 21.68 | 0.0 | 7.15 | 3.32 | 0.0 | 4.51 | -36.03 | 0.0 | 3.03 | -42.72 | 0.0 | 0.73 | -62.76 | 0.0 | 0.62 | -61.25 | 0.0 | 0.19 | -36.67 | 0.0 | 7.15 | -19.03 | 0.0 | 24.01 | -11.37 | 0.0 | 159.26 | 61.79 | 0.0 | -59.26 | -3892.59 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.25 | 0.0 | 0.0 | 13.65 | 0.0 | 0.0 | 6.92 | 0.0 | 0.0 | 7.05 | 0.0 | 0.0 | 5.29 | 0.0 | 0.0 | 1.96 | 0.0 | 0.0 | 1.60 | 0.0 | 0.0 | 0.30 | 0.0 | 0.0 | 8.83 | 0.0 | 0.0 | 27.09 | 0.0 | 0.0 | 98.44 | 0.0 | 0.0 | 1.56 | 0.0 | 0.0 | 0.00 | 0.0 | 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) | 0.76 | 192.31 | 13.30 | 52.35 | 4.93 | 180.11 | 2.37 | 28.89 | 5.87 | 138.62 | 4.79 | 137.13 | 6.35 | 122.81 | 5.06 | 117.17 | 1.03 | -5.5 | 8.71 | 81.46 | 26.12 | -17.32 | 84.46 | 18.51 | 16.06 | -44.1 | 0.00 | 0 | 7.36 | 17.01 |
| 2022 (9) | 0.26 | -74.0 | 8.73 | -39.83 | 1.76 | -74.89 | 1.84 | 9.52 | 2.46 | -68.62 | 2.02 | -68.78 | 2.85 | -64.81 | 2.33 | -64.48 | 1.09 | 7.92 | 4.80 | -51.71 | 31.59 | 17.35 | 71.26 | -20.22 | 28.74 | 169.26 | 0.00 | 0 | 6.29 | -12.64 |
| 2021 (8) | 1.00 | -1.96 | 14.51 | -9.93 | 7.01 | -10.93 | 1.68 | -13.79 | 7.84 | -8.09 | 6.47 | -5.41 | 8.10 | 7.28 | 6.56 | 7.01 | 1.01 | 13.48 | 9.94 | -8.64 | 26.92 | 24.11 | 89.33 | -2.89 | 10.67 | 40.51 | 0.00 | 0 | 7.20 | -9.43 |
| 2020 (7) | 1.02 | 43.66 | 16.11 | 14.74 | 7.87 | 29.02 | 1.95 | 11.59 | 8.53 | 39.61 | 6.84 | 45.53 | 7.55 | 31.99 | 6.13 | 33.55 | 0.89 | -6.32 | 10.88 | 31.88 | 21.69 | -19.93 | 91.98 | -8.02 | 7.59 | 0 | 0.00 | 0 | 7.95 | 12.93 |
| 2019 (6) | 0.71 | 33.96 | 14.04 | 14.33 | 6.10 | 51.74 | 1.74 | -7.88 | 6.11 | 24.95 | 4.70 | 14.63 | 5.72 | 21.96 | 4.59 | 20.16 | 0.95 | 5.56 | 8.25 | 14.42 | 27.09 | -4.44 | 100.00 | 21.82 | 0.00 | 0 | 0.00 | 0 | 7.04 | 0.57 |
| 2018 (5) | 0.53 | 20.45 | 12.28 | 5.68 | 4.02 | 28.03 | 1.89 | -18.53 | 4.89 | 9.89 | 4.10 | 15.17 | 4.69 | 33.24 | 3.82 | 32.18 | 0.90 | 15.38 | 7.21 | 0.42 | 28.35 | 5.47 | 82.09 | 16.48 | 17.91 | -39.34 | 0.00 | 0 | 7.00 | -4.63 |
| 2017 (4) | 0.44 | -52.69 | 11.62 | -15.98 | 3.14 | -42.6 | 2.32 | 10.91 | 4.45 | -42.36 | 3.56 | -45.81 | 3.52 | -56.0 | 2.89 | -53.83 | 0.78 | -17.02 | 7.18 | -28.84 | 26.88 | 5.58 | 70.48 | -0.79 | 29.52 | 1.95 | 0.00 | 0 | 7.34 | 0.82 |
| 2016 (3) | 0.93 | 38.81 | 13.83 | 30.47 | 5.47 | 59.94 | 2.09 | 14.39 | 7.72 | 92.52 | 6.57 | 100.92 | 8.00 | 68.78 | 6.26 | 78.86 | 0.94 | -8.74 | 10.09 | 63.53 | 25.46 | -25.51 | 71.04 | -16.91 | 28.96 | 99.67 | 0.00 | 0 | 7.28 | 21.13 |
| 2015 (2) | 0.67 | 123.33 | 10.60 | 53.18 | 3.42 | 338.46 | 1.83 | -5.41 | 4.01 | 190.58 | 3.27 | 194.59 | 4.74 | 153.48 | 3.50 | 138.1 | 1.03 | -13.45 | 6.17 | 69.97 | 34.18 | -27.78 | 85.50 | 48.19 | 14.50 | -67.21 | 0.00 | 0 | 6.01 | 29.53 |
| 2014 (1) | 0.30 | -6.25 | 6.92 | 0 | 0.78 | 0 | 1.94 | -13.33 | 1.38 | 0 | 1.11 | 0 | 1.87 | 0 | 1.47 | 0 | 1.19 | 1.71 | 3.63 | -4.97 | 47.33 | 27.82 | 57.69 | -25.16 | 44.23 | 76.92 | 0.00 | 0 | 4.64 | -4.92 |
