- 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) | 2.06 | -13.45 | 1960.0 | 41.37 | 5.67 | -6.51 | 34.87 | 6.28 | 15.2 | 34.51 | 7.11 | 82.59 | 30.66 | 7.77 | 146.07 | 9.82 | -15.49 | 1387.88 | 4.96 | -7.46 | 1240.54 | 0.16 | -11.11 | 700.0 | 35.13 | 6.45 | 10.16 | 84.55 | -28.3 | -64.5 | 100.94 | -0.86 | -36.77 | -1.06 | 41.88 | 98.22 | 1.24 | 15.89 | -71.43 |
| 24Q2 (19) | 2.38 | 66.43 | 1090.0 | 39.15 | 0.05 | -14.95 | 32.81 | 0.37 | 16.02 | 32.22 | 3.8 | -2.83 | 28.45 | 3.57 | -2.43 | 11.62 | 65.29 | 860.33 | 5.36 | 69.62 | 1146.51 | 0.18 | 63.64 | 1700.0 | 33.00 | 0.21 | -2.19 | 117.93 | -5.04 | -41.47 | 101.82 | -3.24 | 19.28 | -1.82 | 65.21 | -112.45 | 1.07 | -20.15 | -79.85 |
| 24Q1 (18) | 1.43 | -64.16 | 248.78 | 39.13 | -12.19 | -18.04 | 32.69 | -16.07 | -11.48 | 31.04 | -18.72 | -14.87 | 27.47 | -20.7 | -15.55 | 7.03 | -68.96 | 183.47 | 3.16 | -61.04 | 239.78 | 0.11 | -52.17 | 266.67 | 32.93 | -15.95 | -11.29 | 124.19 | -13.4 | -24.2 | 105.24 | 3.25 | 4.01 | -5.24 | -163.95 | -345.1 | 1.34 | 11.67 | -57.86 |
| 23Q4 (17) | 3.99 | 3890.0 | 202.27 | 44.56 | 0.7 | -3.05 | 38.95 | 28.68 | 1.83 | 38.19 | 102.06 | -0.08 | 34.64 | 178.01 | 0.76 | 22.65 | 3331.82 | 171.26 | 8.11 | 2091.89 | 167.66 | 0.23 | 1050.0 | 155.56 | 39.18 | 22.86 | 1.48 | 143.40 | -39.79 | -17.44 | 101.92 | -36.16 | 1.92 | -1.98 | 96.67 | 0 | 1.20 | -72.35 | -32.96 |
| 23Q3 (16) | 0.10 | -50.0 | -23.08 | 44.25 | -3.87 | 381.5 | 30.27 | 7.04 | 533.05 | 18.90 | -43.0 | -31.35 | 12.46 | -57.27 | -48.38 | 0.66 | -45.45 | -25.0 | 0.37 | -13.95 | 15.62 | 0.02 | 100.0 | 100.0 | 31.89 | -5.48 | 10.5 | 238.18 | 18.21 | 31.03 | 159.65 | 87.02 | 727.19 | -59.65 | -507.6 | -147.55 | 4.34 | -18.27 | -15.23 |
| 23Q2 (15) | 0.20 | -51.22 | -33.33 | 46.03 | -3.58 | 102.51 | 28.28 | -23.42 | 756.97 | 33.16 | -9.05 | -43.28 | 29.16 | -10.36 | -47.35 | 1.21 | -51.21 | -37.63 | 0.43 | -53.76 | -42.67 | 0.01 | -66.67 | 0.0 | 33.74 | -9.11 | -43.58 | 201.49 | 22.99 | 15.2 | 85.37 | -15.63 | 1314.63 | 14.63 | 1343.9 | -84.57 | 5.31 | 66.98 | -1.12 |
| 23Q1 (14) | 0.41 | -68.94 | 0 | 47.74 | 3.87 | 232.68 | 36.93 | -3.45 | 2629.45 | 36.46 | -4.6 | 721.17 | 32.53 | -5.38 | 4418.06 | 2.48 | -70.3 | 12300.0 | 0.93 | -69.31 | 9200.0 | 0.03 | -66.67 | 200.0 | 37.12 | -3.86 | 554.67 | 163.83 | -5.68 | 10.58 | 101.18 | 1.18 | 403.53 | -1.18 | 0 | -100.96 | 3.18 | 77.65 | -31.02 |
| 22Q4 (13) | 1.32 | 915.38 | 13300.0 | 45.96 | 400.11 | 132.47 | 38.25 | 647.21 | 6583.05 | 38.22 | 38.83 | 15388.0 | 34.38 | 42.42 | 1836.36 | 8.35 | 848.86 | 10537.5 | 3.03 | 846.88 | 10200.0 | 0.09 | 800.0 | 350.0 | 38.61 | 33.78 | 9317.07 | 173.69 | -4.45 | 23.17 | 100.00 | 492.86 | 0.0 | 0.00 | -100.0 | 100.0 | 1.79 | -65.04 | -71.13 |
| 22Q3 (12) | 0.13 | -56.67 | -84.71 | 9.19 | -59.57 | -61.16 | -6.99 | -311.82 | -142.39 | 27.53 | -52.91 | 65.84 | 24.14 | -56.41 | 43.6 | 0.88 | -54.64 | -83.82 | 0.32 | -57.33 | -85.65 | 0.01 | 0.0 | -92.31 | 28.86 | -51.74 | 71.07 | 181.77 | 3.93 | 34.41 | -25.45 | -521.82 | -125.62 | 125.45 | 32.3 | 19094.55 | 5.12 | -4.66 | 524.39 |
| 22Q2 (11) | 0.30 | 0 | -33.33 | 22.73 | 58.4 | -6.65 | 3.30 | 326.03 | -78.95 | 58.46 | 1216.67 | 259.09 | 55.38 | 7591.67 | 235.84 | 1.94 | 9600.0 | -34.68 | 0.75 | 7400.0 | -38.52 | 0.01 | 0.0 | -85.71 | 59.80 | 954.67 | 245.66 | 174.90 | 18.05 | 11.59 | 6.03 | 118.1 | -93.73 | 94.83 | -22.41 | 2476.15 | 5.37 | 16.49 | 366.96 |
| 22Q1 (10) | 0.00 | 100.0 | -100.0 | 14.35 | -27.42 | -41.04 | -1.46 | -147.46 | -110.3 | 4.44 | 1876.0 | -68.56 | 0.72 | 136.36 | -94.24 | 0.02 | 125.0 | -97.56 | 0.01 | 133.33 | -97.14 | 0.01 | -50.0 | -66.67 | 5.67 | 1282.93 | -62.8 | 148.16 | 5.06 | -0.44 | -33.33 | -133.33 | -133.33 | 122.22 | 222.22 | 0 | 4.61 | -25.65 | 62.9 |
| 21Q4 (9) | -0.01 | -101.18 | -111.11 | 19.77 | -16.44 | 2.65 | -0.59 | -103.58 | -108.9 | -0.25 | -101.51 | -103.17 | -1.98 | -111.78 | -129.73 | -0.08 | -101.47 | -115.69 | -0.03 | -101.35 | -112.5 | 0.02 | -84.62 | -33.33 | 0.41 | -97.57 | -95.63 | 141.02 | 4.27 | 4.98 | 100.00 | 0.66 | 18.52 | -100.00 | -15400.0 | -740.0 | 6.20 | 656.1 | 79.19 |
| 21Q3 (8) | 0.85 | 88.89 | 466.67 | 23.66 | -2.83 | 97.83 | 16.49 | 5.17 | 257.7 | 16.60 | 1.97 | 371.59 | 16.81 | 1.94 | 398.81 | 5.44 | 83.16 | 491.3 | 2.23 | 82.79 | 418.6 | 0.13 | 85.71 | 18.18 | 16.87 | -2.49 | 276.56 | 135.24 | -13.72 | -9.93 | 99.35 | 3.14 | -24.69 | 0.65 | -82.24 | 102.05 | 0.82 | -28.7 | -7.87 |
| 21Q2 (7) | 0.45 | 275.0 | 650.0 | 24.35 | 0.04 | 27.55 | 15.68 | 10.58 | 134.03 | 16.28 | 15.3 | 206.59 | 16.49 | 31.81 | 275.63 | 2.97 | 262.2 | 773.53 | 1.22 | 248.57 | 577.78 | 0.07 | 133.33 | 133.33 | 17.30 | 13.52 | 129.75 | 156.74 | 5.33 | -1.34 | 96.32 | -3.68 | -25.91 | 3.68 | 0 | 114.72 | 1.15 | -59.36 | 0 |
| 21Q1 (6) | 0.12 | 33.33 | 400.0 | 24.34 | 26.38 | 11.34 | 14.18 | 113.88 | 409.61 | 14.12 | 78.96 | 272.2 | 12.51 | 87.84 | 204.25 | 0.82 | 60.78 | 441.67 | 0.35 | 45.83 | 600.0 | 0.03 | 0.0 | 200.0 | 15.24 | 62.47 | 618.37 | 148.81 | 10.78 | 4.89 | 100.00 | 18.52 | 60.0 | 0.00 | -100.0 | -100.0 | 2.83 | -18.21 | 0 |
| 20Q4 (5) | 0.09 | -40.0 | 400.0 | 19.26 | 61.04 | 17.01 | 6.63 | 43.82 | 671.55 | 7.89 | 124.15 | 7072.73 | 6.66 | 97.63 | 307.48 | 0.51 | -44.57 | 440.0 | 0.24 | -44.19 | 442.86 | 0.03 | -72.73 | 50.0 | 9.38 | 109.38 | 1030.12 | 134.33 | -10.54 | -0.72 | 84.38 | -36.04 | 0 | 15.62 | 148.96 | 0 | 3.46 | 288.76 | -31.89 |
| 20Q3 (4) | 0.15 | 150.0 | 0.0 | 11.96 | -37.35 | 0.0 | 4.61 | -31.19 | 0.0 | 3.52 | -33.71 | 0.0 | 3.37 | -23.23 | 0.0 | 0.92 | 170.59 | 0.0 | 0.43 | 138.89 | 0.0 | 0.11 | 266.67 | 0.0 | 4.48 | -40.5 | 0.0 | 150.15 | -5.49 | 0.0 | 131.91 | 1.47 | 0.0 | -31.91 | -27.66 | 0.0 | 0.89 | 0 | 0.0 |
| 20Q2 (3) | 0.06 | 250.0 | 0.0 | 19.09 | -12.67 | 0.0 | 6.70 | 246.29 | 0.0 | 5.31 | 164.76 | 0.0 | 4.39 | 136.58 | 0.0 | 0.34 | 241.67 | 0.0 | 0.18 | 357.14 | 0.0 | 0.03 | 200.0 | 0.0 | 7.53 | 356.12 | 0.0 | 158.87 | 11.98 | 0.0 | 130.00 | 108.0 | 0.0 | -25.00 | -150.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.04 | -33.33 | 0.0 | 21.86 | 32.81 | 0.0 | -4.58 | -294.83 | 0.0 | -8.20 | -7554.55 | 0.0 | -12.00 | -273.83 | 0.0 | -0.24 | -60.0 | 0.0 | -0.07 | 0.0 | 0.0 | 0.01 | -50.0 | 0.0 | -2.94 | -454.22 | 0.0 | 141.87 | 4.86 | 0.0 | 62.50 | 0 | 0.0 | 50.00 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.03 | 0.0 | 0.0 | 16.46 | 0.0 | 0.0 | -1.16 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | -3.21 | 0.0 | 0.0 | -0.15 | 0.0 | 0.0 | -0.07 | 0.0 | 0.0 | 0.02 | 0.0 | 0.0 | 0.83 | 0.0 | 0.0 | 135.30 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 5.08 | 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) | 4.71 | 167.61 | 44.89 | 21.69 | 37.77 | 43.12 | 0.10 | -68.12 | 36.69 | 2.26 | 32.92 | 2.33 | 26.04 | 140.22 | 10.50 | 147.64 | 0.31 | 138.46 | 38.34 | 4.9 | 143.40 | -17.44 | 102.92 | 39.88 | -2.92 | 0 | 0.01 | 89.09 | 1.75 | -36.36 |
| 2022 (9) | 1.76 | 24.82 | 36.89 | 55.92 | 26.39 | 78.31 | 0.30 | 47.64 | 35.88 | 138.41 | 32.17 | 115.47 | 10.84 | 19.51 | 4.24 | 9.0 | 0.13 | -50.0 | 36.55 | 133.55 | 173.69 | 23.17 | 73.57 | -25.27 | 26.43 | 1423.88 | 0.01 | -14.85 | 2.75 | 82.12 |
| 2021 (8) | 1.41 | 464.0 | 23.66 | 58.05 | 14.80 | 200.81 | 0.20 | -24.56 | 15.05 | 267.97 | 14.93 | 334.01 | 9.07 | 525.52 | 3.89 | 392.41 | 0.26 | 44.44 | 15.65 | 179.46 | 141.02 | 4.98 | 98.46 | -18.55 | 1.73 | 0 | 0.01 | 0 | 1.51 | -21.76 |
| 2020 (7) | 0.25 | -24.24 | 14.97 | 21.41 | 4.92 | 0 | 0.27 | -68.8 | 4.09 | -79.74 | 3.44 | -76.18 | 1.45 | -25.64 | 0.79 | -11.24 | 0.18 | 200.0 | 5.60 | -73.48 | 134.33 | -0.72 | 120.88 | 0 | -19.78 | 0 | 0.00 | 0 | 1.93 | -63.03 |
| 2019 (6) | 0.33 | -17.5 | 12.33 | -57.73 | -6.02 | 0 | 0.86 | 35.78 | 20.19 | 34.15 | 14.44 | 12.9 | 1.95 | -12.16 | 0.89 | -22.61 | 0.06 | -33.33 | 21.12 | 33.93 | 135.30 | 32.96 | -30.00 | 0 | 130.00 | 1746.0 | 0.00 | 0 | 5.22 | 52.63 |
| 2018 (5) | 0.40 | -80.2 | 29.17 | 10.03 | 13.94 | -20.16 | 0.63 | 210.16 | 15.05 | -18.38 | 12.79 | -33.21 | 2.22 | -78.43 | 1.15 | -77.0 | 0.09 | -65.38 | 15.77 | -15.8 | 101.76 | 21.23 | 92.96 | -1.96 | 7.04 | 31.13 | 0.00 | 0 | 3.42 | 129.53 |
| 2017 (4) | 2.02 | -1.46 | 26.51 | 37.71 | 17.46 | 17.89 | 0.20 | 262.47 | 18.44 | 46.35 | 19.15 | 84.49 | 10.29 | -4.37 | 5.00 | 17.65 | 0.26 | -35.0 | 18.73 | 43.75 | 83.94 | -35.9 | 94.81 | -19.28 | 5.37 | 0 | 0.00 | 0 | 1.49 | 58.51 |
| 2016 (3) | 2.05 | -15.98 | 19.25 | -51.25 | 14.81 | -49.78 | 0.06 | -40.56 | 12.60 | -57.22 | 10.38 | -61.17 | 10.76 | -12.31 | 4.25 | 5.46 | 0.40 | 166.67 | 13.03 | -56.04 | 130.96 | -32.04 | 117.46 | 17.27 | -17.46 | 0 | 0.00 | 0 | 0.94 | -61.32 |
| 2015 (2) | 2.44 | 24.49 | 39.49 | -8.57 | 29.49 | -7.55 | 0.10 | -30.83 | 29.45 | -11.51 | 26.73 | -6.24 | 12.27 | 29.16 | 4.03 | 19.58 | 0.15 | 25.0 | 29.64 | -11.58 | 192.70 | -12.42 | 100.16 | 4.47 | -0.16 | 0 | 0.00 | 0 | 2.43 | 2.1 |
| 2014 (1) | 1.96 | -68.89 | 43.19 | 0 | 31.90 | 0 | 0.14 | 174.52 | 33.28 | 0 | 28.51 | 0 | 9.50 | 0 | 3.37 | 0 | 0.12 | -65.71 | 33.52 | -4.99 | 220.03 | 49.08 | 95.88 | -3.78 | 4.12 | 1054.64 | 0.00 | 0 | 2.38 | 95.08 |
