- 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) | 0.44 | 33.33 | 1566.67 | 13.87 | 28.07 | 745.73 | 5.56 | 215.91 | 185.67 | 7.15 | 33.64 | 1802.38 | 5.28 | 33.67 | 1527.03 | 1.20 | 31.87 | 1600.0 | 1.05 | 32.91 | 1850.0 | 0.20 | 0.0 | 5.26 | 10.48 | 21.3 | 235.9 | 17.07 | 6.95 | -6.47 | 77.78 | 133.33 | -94.86 | 22.22 | -67.23 | 101.57 | 23.25 | -7.63 | -4.44 |
| 24Q2 (19) | 0.33 | 120.0 | 353.85 | 10.83 | 51.89 | 273.45 | 1.76 | 314.63 | 144.78 | 5.35 | 139.91 | 381.58 | 3.95 | 130.99 | 374.31 | 0.91 | 121.95 | 367.65 | 0.79 | 113.51 | 392.59 | 0.20 | -4.76 | 0.0 | 8.64 | 56.52 | 530.66 | 15.96 | -6.39 | -30.88 | 33.33 | 190.48 | -84.06 | 67.82 | -49.47 | 162.16 | 25.17 | 6.88 | 5.62 |
| 24Q1 (18) | 0.15 | 125.0 | 113.89 | 7.13 | 130.0 | 179.75 | -0.82 | 62.04 | 94.93 | 2.23 | 131.02 | 112.93 | 1.71 | 121.27 | 112.07 | 0.41 | 124.26 | 114.49 | 0.37 | 125.87 | 115.81 | 0.21 | 16.67 | 23.53 | 5.52 | 265.77 | 141.1 | 17.05 | 4.67 | -12.25 | -36.84 | -222.04 | -139.42 | 134.21 | 92.25 | 2080.92 | 23.55 | -30.41 | -14.3 |
| 23Q4 (17) | -0.60 | -1900.0 | -200.0 | 3.10 | 89.02 | -47.99 | -2.16 | 66.72 | -413.04 | -7.19 | -1611.9 | -172.35 | -8.04 | -2072.97 | -268.81 | -1.69 | -2012.5 | -218.87 | -1.43 | -2283.33 | -257.5 | 0.18 | -5.26 | -10.0 | -3.33 | -206.73 | -538.16 | 16.29 | -10.74 | -20.73 | 30.19 | -98.01 | 213.79 | 69.81 | 104.94 | -43.92 | 33.84 | 39.09 | 66.95 |
| 23Q3 (16) | -0.03 | 76.92 | -105.26 | 1.64 | -43.45 | -81.38 | -6.49 | -65.14 | -343.98 | -0.42 | 77.89 | -107.16 | -0.37 | 74.31 | -107.96 | -0.08 | 76.47 | -105.41 | -0.06 | 77.78 | -105.08 | 0.19 | -5.0 | -20.83 | 3.12 | 127.74 | -63.85 | 18.25 | -20.96 | -26.56 | 1514.29 | 624.22 | 3259.82 | -1414.29 | -1196.43 | -2708.16 | 24.33 | 2.1 | 30.53 |
| 23Q2 (15) | -0.13 | 87.96 | -115.29 | 2.90 | 132.44 | -75.09 | -3.93 | 75.71 | -160.84 | -1.90 | 88.99 | -121.76 | -1.44 | 89.84 | -121.05 | -0.34 | 87.99 | -115.11 | -0.27 | 88.46 | -115.52 | 0.20 | 17.65 | -20.0 | 1.37 | 110.2 | -87.96 | 23.09 | 18.84 | -37.63 | 209.09 | 123.72 | 182.27 | -109.09 | -1872.73 | -520.78 | 23.83 | -13.28 | 19.69 |
| 23Q1 (14) | -1.08 | -440.0 | -214.89 | -8.94 | -250.0 | -189.31 | -16.18 | -2444.93 | -532.62 | -17.25 | -553.41 | -255.83 | -14.17 | -550.0 | -250.58 | -2.83 | -433.96 | -214.11 | -2.34 | -485.0 | -215.27 | 0.17 | -15.0 | -19.05 | -13.43 | -1867.11 | -194.64 | 19.43 | -5.45 | -17.77 | 93.46 | 452.28 | 175.33 | 6.15 | -95.06 | -90.68 | 27.48 | 35.57 | 24.68 |
| 22Q4 (13) | -0.20 | -135.09 | -152.63 | 5.96 | -32.35 | -35.22 | 0.69 | -74.06 | -86.0 | -2.64 | -144.97 | -157.27 | -2.18 | -146.88 | -160.06 | -0.53 | -135.81 | -151.46 | -0.40 | -133.9 | -147.62 | 0.20 | -16.67 | -13.04 | 0.76 | -91.19 | -89.8 | 20.55 | -17.3 | -6.08 | -26.53 | -158.86 | -124.73 | 124.49 | 129.58 | 1807.29 | 20.27 | 8.74 | -5.15 |
| 22Q3 (12) | 0.57 | -32.94 | 23.91 | 8.81 | -24.31 | -9.18 | 2.66 | -58.82 | -26.52 | 5.87 | -32.76 | 33.41 | 4.65 | -32.02 | 19.85 | 1.48 | -34.22 | 23.33 | 1.18 | -32.18 | 21.65 | 0.24 | -4.0 | -4.0 | 8.63 | -24.17 | 20.19 | 24.85 | -32.87 | 0.53 | 45.07 | -39.15 | -45.27 | 54.23 | 109.15 | 207.28 | 18.64 | -6.38 | -18.96 |
| 22Q2 (11) | 0.85 | -9.57 | 1600.0 | 11.64 | 16.28 | 78.53 | 6.46 | 72.73 | 2207.14 | 8.73 | -21.14 | 1840.0 | 6.84 | -27.31 | 1143.64 | 2.25 | -9.27 | 1630.77 | 1.74 | -14.29 | 1350.0 | 0.25 | 19.05 | 25.0 | 11.38 | -19.8 | 174.22 | 37.02 | 56.67 | 52.47 | 74.07 | 118.22 | 18.52 | 25.93 | -60.75 | -30.86 | 19.91 | -9.66 | -29.99 |
| 22Q1 (10) | 0.94 | 147.37 | 184.85 | 10.01 | 8.8 | 30.0 | 3.74 | -24.14 | 19.11 | 11.07 | 140.13 | 128.25 | 9.41 | 159.23 | 146.98 | 2.48 | 140.78 | 181.82 | 2.03 | 141.67 | 181.94 | 0.21 | -8.7 | 10.53 | 14.19 | 90.47 | 65.58 | 23.63 | 8.0 | 5.92 | 33.94 | -68.36 | -48.16 | 66.06 | 1005.9 | 84.95 | 22.04 | 3.14 | -16.7 |
| 21Q4 (9) | 0.38 | -17.39 | 1800.0 | 9.20 | -5.15 | 17.35 | 4.93 | 36.19 | 105.42 | 4.61 | 4.77 | 1607.41 | 3.63 | -6.44 | 1916.67 | 1.03 | -14.17 | 1960.0 | 0.84 | -13.4 | 1580.0 | 0.23 | -8.0 | 4.55 | 7.45 | 3.76 | 111.65 | 21.88 | -11.49 | -10.44 | 107.29 | 30.28 | -88.82 | -7.29 | -141.32 | 99.13 | 21.37 | -7.09 | -3.78 |
| 21Q3 (8) | 0.46 | 820.0 | 319.05 | 9.70 | 48.77 | 19.31 | 3.62 | 1192.86 | 330.95 | 4.40 | 877.78 | 251.72 | 3.88 | 605.45 | 295.96 | 1.20 | 823.08 | 310.53 | 0.97 | 708.33 | 320.45 | 0.25 | 25.0 | 8.7 | 7.18 | 73.01 | 1254.72 | 24.72 | 1.81 | -4.45 | 82.35 | 31.76 | 390.66 | 17.65 | -52.94 | -86.25 | 23.00 | -19.13 | -3.16 |
| 21Q2 (7) | 0.05 | -84.85 | 106.41 | 6.52 | -15.32 | 146.37 | 0.28 | -91.08 | 101.2 | 0.45 | -90.72 | 102.39 | 0.55 | -85.56 | 103.91 | 0.13 | -85.23 | 105.86 | 0.12 | -83.33 | 107.02 | 0.20 | 5.26 | 66.67 | 4.15 | -51.58 | 132.45 | 24.28 | 8.83 | -13.56 | 62.50 | -4.55 | -49.56 | 37.50 | 5.0 | 256.89 | 28.44 | 7.48 | 0 |
| 21Q1 (6) | 0.33 | 1550.0 | 128.21 | 7.70 | -1.79 | 330.17 | 3.14 | 30.83 | 152.95 | 4.85 | 1696.3 | 131.49 | 3.81 | 2016.67 | 130.7 | 0.88 | 1660.0 | 126.11 | 0.72 | 1340.0 | 128.02 | 0.19 | -13.64 | -9.52 | 8.57 | 143.47 | 175.77 | 22.31 | -8.68 | -27.59 | 65.48 | -93.18 | 70.47 | 35.71 | 104.25 | -41.69 | 26.46 | 19.14 | -12.67 |
| 20Q4 (5) | 0.02 | 109.52 | 107.41 | 7.84 | -3.57 | 136.14 | 2.40 | 185.71 | 248.15 | 0.27 | 109.31 | 107.92 | 0.18 | 109.09 | 107.06 | 0.05 | 108.77 | 106.85 | 0.05 | 111.36 | 109.26 | 0.22 | -4.35 | 0.0 | 3.52 | 564.15 | 304.6 | 24.43 | -5.57 | -18.02 | 960.00 | 3488.24 | 1936.36 | -840.00 | -754.55 | -1689.19 | 22.21 | -6.48 | -8.26 |
| 20Q3 (4) | -0.21 | 73.08 | 0.0 | 8.13 | 157.82 | 0.0 | 0.84 | 103.6 | 0.0 | -2.90 | 84.62 | 0.0 | -1.98 | 85.94 | 0.0 | -0.57 | 74.32 | 0.0 | -0.44 | 74.27 | 0.0 | 0.23 | 91.67 | 0.0 | 0.53 | 104.14 | 0.0 | 25.87 | -7.9 | 0.0 | -28.33 | -122.87 | 0.0 | 128.33 | 636.9 | 0.0 | 23.75 | 0 | 0.0 |
| 20Q2 (3) | -0.78 | 33.33 | 0.0 | -14.06 | -885.47 | 0.0 | -23.36 | -293.93 | 0.0 | -18.86 | -22.47 | 0.0 | -14.08 | -13.46 | 0.0 | -2.22 | 34.12 | 0.0 | -1.71 | 33.46 | 0.0 | 0.12 | -42.86 | 0.0 | -12.79 | -13.09 | 0.0 | 28.09 | -8.83 | 0.0 | 123.90 | 222.59 | 0.0 | -23.90 | -139.03 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -1.17 | -333.33 | 0.0 | 1.79 | -46.08 | 0.0 | -5.93 | -266.05 | 0.0 | -15.40 | -351.61 | 0.0 | -12.41 | -386.67 | 0.0 | -3.37 | -361.64 | 0.0 | -2.57 | -375.93 | 0.0 | 0.21 | -4.55 | 0.0 | -11.31 | -1400.0 | 0.0 | 30.81 | 3.39 | 0.0 | 38.41 | -18.53 | 0.0 | 61.25 | 15.87 | 0.0 | 30.30 | 25.15 | 0.0 |
| 19Q4 (1) | -0.27 | 0.0 | 0.0 | 3.32 | 0.0 | 0.0 | -1.62 | 0.0 | 0.0 | -3.41 | 0.0 | 0.0 | -2.55 | 0.0 | 0.0 | -0.73 | 0.0 | 0.0 | -0.54 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 0.87 | 0.0 | 0.0 | 29.80 | 0.0 | 0.0 | 47.14 | 0.0 | 0.0 | 52.86 | 0.0 | 0.0 | 24.21 | 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) | -1.83 | 0 | -0.18 | 0 | -7.08 | 0 | 3.52 | 26.04 | -6.38 | 0 | -5.71 | 0 | -5.00 | 0 | -4.16 | 0 | 0.74 | -22.11 | -2.77 | 0 | 16.29 | -20.73 | 110.84 | 88.42 | -10.84 | 0 | 0.00 | 0 | 27.14 | 34.89 |
| 2022 (9) | 2.15 | 74.8 | 9.28 | 10.48 | 3.57 | 15.53 | 2.79 | -11.5 | 6.06 | 66.48 | 4.90 | 61.72 | 5.68 | 72.12 | 4.79 | 76.1 | 0.95 | 6.74 | 8.99 | 31.43 | 20.55 | -6.08 | 58.82 | -30.7 | 41.18 | 172.33 | 0.00 | 0 | 20.12 | -18.14 |
| 2021 (8) | 1.23 | 0 | 8.40 | 187.67 | 3.09 | 0 | 3.16 | -18.51 | 3.64 | 0 | 3.03 | 0 | 3.30 | 0 | 2.72 | 0 | 0.89 | 17.11 | 6.84 | 0 | 21.88 | -10.44 | 84.88 | 55.05 | 15.12 | -66.59 | 0.00 | 0 | 24.58 | -9.86 |
| 2020 (7) | -2.14 | 0 | 2.92 | -42.86 | -4.27 | 0 | 3.88 | 6.08 | -7.81 | 0 | -6.03 | 0 | -5.85 | 0 | -4.55 | 0 | 0.76 | -13.64 | -3.85 | 0 | 24.43 | -18.02 | 54.74 | -63.85 | 45.26 | 0 | 0.00 | 0 | 27.27 | 9.47 |
| 2019 (6) | -0.35 | 0 | 5.11 | -47.8 | -1.23 | 0 | 3.65 | -10.7 | -0.82 | 0 | -0.81 | 0 | -0.94 | 0 | -0.68 | 0 | 0.88 | 3.53 | 2.88 | -72.78 | 29.80 | -5.04 | 151.43 | 197.51 | -50.00 | 0 | 0.00 | 0 | 24.91 | 9.16 |
| 2018 (5) | 2.03 | 115.96 | 9.79 | 38.87 | 3.22 | 177.59 | 4.09 | -16.92 | 6.32 | 67.2 | 4.56 | 46.62 | 5.38 | 64.02 | 3.97 | 62.04 | 0.85 | 11.84 | 10.58 | 18.74 | 31.38 | -34.9 | 50.90 | 65.3 | 49.10 | -29.05 | 0.00 | 0 | 22.82 | -11.48 |
| 2017 (4) | 0.94 | -48.63 | 7.05 | -42.68 | 1.16 | -81.62 | 4.92 | 12.59 | 3.78 | -46.38 | 3.11 | -44.66 | 3.28 | -55.19 | 2.45 | -55.94 | 0.76 | -21.65 | 8.91 | -23.39 | 48.20 | 48.22 | 30.79 | -65.61 | 69.21 | 561.08 | 0.00 | 0 | 25.78 | -0.73 |
| 2016 (3) | 1.83 | 8.28 | 12.30 | 13.89 | 6.31 | 20.88 | 4.37 | -22.75 | 7.05 | 9.81 | 5.62 | 7.05 | 7.32 | 10.24 | 5.56 | 11.2 | 0.97 | 4.3 | 11.63 | -5.68 | 32.52 | -8.11 | 89.53 | 10.17 | 10.47 | -44.12 | 0.00 | 0 | 25.97 | 3.55 |
| 2015 (2) | 1.69 | -3.43 | 10.80 | 34.33 | 5.22 | 134.08 | 5.66 | -2.84 | 6.42 | -5.03 | 5.25 | 0.0 | 6.64 | -1.04 | 5.00 | -0.2 | 0.93 | 0.0 | 12.33 | -3.9 | 35.39 | -2.96 | 81.27 | 146.0 | 18.73 | -72.02 | 0.00 | 0 | 25.08 | 6.27 |
| 2014 (1) | 1.75 | -7.41 | 8.04 | 0 | 2.23 | 0 | 5.83 | 12.33 | 6.76 | 0 | 5.25 | 0 | 6.71 | 0 | 5.01 | 0 | 0.93 | -7.92 | 12.83 | 5.95 | 36.47 | -3.67 | 33.03 | -58.52 | 66.97 | 228.83 | 0.00 | 0 | 23.60 | 10.75 |
