- 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) | 1.30 | -21.21 | 10.17 | 28.48 | -6.22 | 6.11 | 10.21 | -25.47 | 13.82 | 8.73 | -39.42 | -17.49 | 8.74 | -22.72 | 11.48 | 4.05 | -29.69 | -4.71 | 1.85 | -24.49 | 3.35 | 0.18 | -5.26 | -10.0 | 19.73 | -18.94 | -3.43 | 149.91 | -12.11 | -12.92 | 116.99 | 22.91 | 38.02 | -16.99 | -442.93 | -211.47 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 1.65 | -17.91 | 142.65 | 30.37 | 0.73 | 19.94 | 13.70 | -1.79 | 86.39 | 14.41 | -11.92 | 86.18 | 11.31 | -10.94 | 88.19 | 5.76 | -12.33 | 80.56 | 2.45 | -11.23 | 75.0 | 0.19 | -5.0 | 0.0 | 24.34 | -6.92 | 36.66 | 170.56 | 7.79 | -4.52 | 95.18 | 11.58 | 0.03 | 4.95 | -66.29 | -3.28 | 12.12 | -0.25 | -1.38 |
| 24Q1 (18) | 2.01 | 151.25 | 209.23 | 30.15 | -1.31 | 23.11 | 13.95 | 20.16 | 68.07 | 16.36 | 149.77 | 163.02 | 12.70 | 134.75 | 173.71 | 6.57 | 138.91 | 176.05 | 2.76 | 119.05 | 148.65 | 0.20 | 5.26 | 5.26 | 26.15 | 55.38 | 57.53 | 158.24 | -7.72 | -5.99 | 85.30 | -52.0 | -36.08 | 14.70 | 118.99 | 143.94 | 12.15 | -6.18 | 6.49 |
| 23Q4 (17) | 0.80 | -32.2 | 81.82 | 30.55 | 13.82 | 23.48 | 11.61 | 29.43 | 67.05 | 6.55 | -38.09 | 36.74 | 5.41 | -30.99 | 78.55 | 2.75 | -35.29 | 67.68 | 1.26 | -29.61 | 51.81 | 0.19 | -5.0 | 0.0 | 16.83 | -17.62 | 14.49 | 171.48 | -0.39 | -6.82 | 177.71 | 109.65 | 22.63 | -77.39 | -607.86 | -72.3 | 12.95 | 10.4 | 7.47 |
| 23Q3 (16) | 1.18 | 73.53 | 24.21 | 26.84 | 6.0 | 30.8 | 8.97 | 22.04 | 395.58 | 10.58 | 36.69 | 40.69 | 7.84 | 30.45 | 14.62 | 4.25 | 33.23 | 17.08 | 1.79 | 27.86 | 27.86 | 0.20 | 5.26 | 11.11 | 20.43 | 14.71 | 16.88 | 172.16 | -3.62 | -10.9 | 84.76 | -10.92 | 254.18 | 15.24 | 197.54 | -79.97 | 11.73 | -4.56 | -1.59 |
| 23Q2 (15) | 0.68 | 4.62 | 6.25 | 25.32 | 3.39 | 17.99 | 7.35 | -11.45 | 50.0 | 7.74 | 24.44 | 30.08 | 6.01 | 29.53 | 28.42 | 3.19 | 34.03 | 16.85 | 1.40 | 26.13 | 32.08 | 0.19 | 0.0 | -5.0 | 17.81 | 7.29 | 19.05 | 178.63 | 6.13 | -7.55 | 95.15 | -28.7 | 15.73 | 5.12 | 115.31 | -70.65 | 12.29 | 7.71 | 16.38 |
| 23Q1 (14) | 0.65 | 47.73 | -26.14 | 24.49 | -1.01 | 20.94 | 8.30 | 19.42 | 78.11 | 6.22 | 29.85 | -25.24 | 4.64 | 53.14 | -28.51 | 2.38 | 45.12 | -33.15 | 1.11 | 33.73 | -15.91 | 0.19 | 0.0 | 0.0 | 16.60 | 12.93 | -6.74 | 168.32 | -8.54 | -12.63 | 133.45 | -7.91 | 137.72 | -33.45 | 25.53 | -176.25 | 11.41 | -5.31 | 1.24 |
| 22Q4 (13) | 0.44 | -53.68 | 12.82 | 24.74 | 20.57 | 33.08 | 6.95 | 283.98 | 198.28 | 4.79 | -36.3 | 40.06 | 3.03 | -55.7 | 0.0 | 1.64 | -54.82 | 1.86 | 0.83 | -40.71 | 27.69 | 0.19 | 5.56 | 5.56 | 14.70 | -15.9 | 7.69 | 184.04 | -4.76 | -4.97 | 144.92 | 505.54 | 113.03 | -44.92 | -159.05 | -240.48 | 12.05 | 1.09 | 4.97 |
| 22Q3 (12) | 0.95 | 48.44 | 4650.0 | 20.52 | -4.38 | 23.91 | 1.81 | -63.06 | 44.8 | 7.52 | 26.39 | 1075.0 | 6.84 | 46.15 | 2180.0 | 3.63 | 32.97 | 2168.75 | 1.40 | 32.08 | 775.0 | 0.18 | -10.0 | 5.88 | 17.48 | 16.84 | 51.47 | 193.23 | 0.01 | -1.63 | 23.93 | -70.89 | -87.33 | 76.07 | 335.93 | 182.15 | 11.92 | 12.88 | -2.61 |
| 22Q2 (11) | 0.64 | -27.27 | 1700.0 | 21.46 | 5.98 | 21.31 | 4.90 | 5.15 | 92.91 | 5.95 | -28.49 | 1252.27 | 4.68 | -27.89 | 11800.0 | 2.73 | -23.31 | 13750.0 | 1.06 | -19.7 | 783.33 | 0.20 | 5.26 | 11.11 | 14.96 | -15.96 | 31.0 | 193.22 | 0.29 | -22.64 | 82.21 | 46.46 | -86.04 | 17.45 | -60.22 | 103.57 | 10.56 | -6.3 | -10.2 |
| 22Q1 (10) | 0.88 | 125.64 | 252.0 | 20.25 | 8.93 | 2.38 | 4.66 | 100.0 | 8.12 | 8.32 | 143.27 | 140.46 | 6.49 | 114.19 | 170.42 | 3.56 | 121.12 | 154.29 | 1.32 | 103.08 | 144.44 | 0.19 | 5.56 | 11.76 | 17.80 | 30.4 | 18.9 | 192.66 | -0.52 | -20.7 | 56.14 | -17.48 | -55.03 | 43.86 | 37.19 | 276.75 | 11.27 | -1.83 | -4.81 |
| 21Q4 (9) | 0.39 | 1850.0 | 2.63 | 18.59 | 12.26 | 0.54 | 2.33 | 86.4 | 90.98 | 3.42 | 434.38 | -18.76 | 3.03 | 910.0 | -17.89 | 1.61 | 906.25 | -24.06 | 0.65 | 306.25 | -13.33 | 0.18 | 5.88 | 5.88 | 13.65 | 18.28 | -17.22 | 193.67 | -1.41 | -19.04 | 68.03 | -63.99 | 136.62 | 31.97 | 134.53 | -55.13 | 11.48 | -6.21 | -4.89 |
| 21Q3 (8) | 0.02 | 150.0 | -92.86 | 16.56 | -6.39 | -15.29 | 1.25 | -50.79 | -60.19 | 0.64 | 45.45 | -85.05 | 0.30 | 850.0 | -88.24 | 0.16 | 900.0 | -89.4 | 0.16 | 33.33 | -72.41 | 0.17 | -5.56 | 0.0 | 11.54 | 1.05 | -29.07 | 196.44 | -21.35 | -18.97 | 188.89 | -67.92 | 158.15 | -92.59 | 81.06 | -445.12 | 12.24 | 4.08 | -2.7 |
| 21Q2 (7) | -0.04 | -116.0 | -100.0 | 17.69 | -10.57 | -9.97 | 2.54 | -41.07 | 409.76 | 0.44 | -87.28 | 1000.0 | -0.04 | -101.67 | 91.49 | -0.02 | -101.43 | 90.48 | 0.12 | -77.78 | 33.33 | 0.18 | 5.88 | 38.46 | 11.42 | -23.71 | -27.68 | 249.77 | 2.81 | -1.86 | 588.89 | 371.8 | 124.54 | -488.89 | -1869.93 | -118.8 | 11.76 | -0.68 | 0 |
| 21Q1 (6) | 0.25 | -34.21 | 25.0 | 19.78 | 6.98 | -7.48 | 4.31 | 253.28 | 33.44 | 3.46 | -17.81 | 60.93 | 2.40 | -34.96 | 47.24 | 1.40 | -33.96 | 52.17 | 0.54 | -28.0 | 25.58 | 0.17 | 0.0 | 6.25 | 14.97 | -9.22 | 4.91 | 242.94 | 1.55 | 0.11 | 124.82 | 334.15 | -17.12 | -24.82 | -134.83 | 50.96 | 11.84 | -1.91 | 0 |
| 20Q4 (5) | 0.38 | 35.71 | 11.76 | 18.49 | -5.42 | -24.03 | 1.22 | -61.15 | -77.74 | 4.21 | -1.64 | 19.94 | 3.69 | 44.71 | 50.0 | 2.12 | 40.4 | 41.33 | 0.75 | 29.31 | 27.12 | 0.17 | 0.0 | 0.0 | 16.49 | 1.35 | 11.42 | 239.23 | -1.32 | -1.98 | 28.75 | -60.71 | -81.67 | 71.25 | 165.57 | 226.86 | 12.07 | -4.05 | 0 |
| 20Q3 (4) | 0.28 | 1500.0 | 0.0 | 19.55 | -0.51 | 0.0 | 3.14 | 482.93 | 0.0 | 4.28 | 10600.0 | 0.0 | 2.55 | 642.55 | 0.0 | 1.51 | 819.05 | 0.0 | 0.58 | 544.44 | 0.0 | 0.17 | 30.77 | 0.0 | 16.27 | 3.04 | 0.0 | 242.42 | -4.75 | 0.0 | 73.17 | 103.05 | 0.0 | 26.83 | -98.97 | 0.0 | 12.58 | 0 | 0.0 |
| 20Q2 (3) | -0.02 | -110.0 | 0.0 | 19.65 | -8.09 | 0.0 | -0.82 | -125.39 | 0.0 | 0.04 | -98.14 | 0.0 | -0.47 | -128.83 | 0.0 | -0.21 | -122.83 | 0.0 | 0.09 | -79.07 | 0.0 | 0.13 | -18.75 | 0.0 | 15.79 | 10.65 | 0.0 | 254.51 | 4.87 | 0.0 | -2400.00 | -1693.6 | 0.0 | 2600.00 | 5238.1 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.20 | -41.18 | 0.0 | 21.38 | -12.16 | 0.0 | 3.23 | -41.06 | 0.0 | 2.15 | -38.75 | 0.0 | 1.63 | -33.74 | 0.0 | 0.92 | -38.67 | 0.0 | 0.43 | -27.12 | 0.0 | 0.16 | -5.88 | 0.0 | 14.27 | -3.58 | 0.0 | 242.68 | -0.57 | 0.0 | 150.60 | -3.98 | 0.0 | -50.60 | 9.9 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.34 | 0.0 | 0.0 | 24.34 | 0.0 | 0.0 | 5.48 | 0.0 | 0.0 | 3.51 | 0.0 | 0.0 | 2.46 | 0.0 | 0.0 | 1.50 | 0.0 | 0.0 | 0.59 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 14.80 | 0.0 | 0.0 | 244.06 | 0.0 | 0.0 | 156.85 | 0.0 | 0.0 | -56.16 | 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) | 3.31 | 13.75 | 26.81 | 23.09 | 9.06 | 96.1 | 8.36 | 0.76 | 7.80 | 18.18 | 6.00 | 14.94 | 12.38 | 7.28 | 5.42 | 16.06 | 0.74 | -3.9 | 17.94 | 10.88 | 171.48 | -6.82 | 116.16 | 66.05 | -16.16 | 0 | 0.22 | -17.89 | 12.09 | 5.68 |
| 2022 (9) | 2.91 | 369.35 | 21.78 | 20.07 | 4.62 | 78.38 | 8.29 | -15.55 | 6.60 | 231.66 | 5.22 | 265.03 | 11.54 | 262.89 | 4.67 | 215.54 | 0.77 | 8.45 | 16.18 | 25.62 | 184.04 | -4.97 | 69.95 | -46.35 | 30.05 | 0 | 0.27 | -10.21 | 11.44 | -3.3 |
| 2021 (8) | 0.62 | -26.19 | 18.14 | -8.29 | 2.59 | 40.76 | 9.82 | -13.49 | 1.99 | -29.43 | 1.43 | -27.78 | 3.18 | -24.82 | 1.48 | -19.13 | 0.71 | 14.52 | 12.88 | -17.96 | 193.67 | -19.04 | 130.40 | 100.0 | -30.09 | 0 | 0.30 | -25.19 | 11.83 | -9.14 |
| 2020 (7) | 0.84 | -62.33 | 19.78 | -16.65 | 1.84 | -69.44 | 11.35 | 23.68 | 2.82 | -49.73 | 1.98 | -51.23 | 4.23 | -59.94 | 1.83 | -52.71 | 0.62 | -20.51 | 15.70 | -2.85 | 239.23 | -1.98 | 65.20 | -39.25 | 34.56 | 0 | 0.40 | -18.56 | 13.02 | 4.16 |
| 2019 (6) | 2.23 | 11.5 | 23.73 | 7.13 | 6.02 | 61.83 | 9.18 | 13.19 | 5.61 | 36.5 | 4.06 | 11.23 | 10.56 | 14.29 | 3.87 | 13.49 | 0.78 | -2.5 | 16.16 | 22.15 | 244.06 | 8.74 | 107.32 | 18.59 | -7.32 | 0 | 0.49 | -8.29 | 12.50 | 0.16 |
| 2018 (5) | 2.00 | -5.66 | 22.15 | 1.51 | 3.72 | 12.39 | 8.11 | -1.01 | 4.11 | -24.45 | 3.65 | -8.29 | 9.24 | -3.95 | 3.41 | -7.59 | 0.80 | -1.23 | 13.23 | -9.2 | 224.45 | 7.02 | 90.50 | 48.5 | 9.50 | -75.74 | 0.54 | 2.87 | 12.48 | 2.46 |
| 2017 (4) | 2.12 | -33.12 | 21.82 | -10.98 | 3.31 | -49.7 | 8.19 | 4.59 | 5.44 | -33.17 | 3.98 | -39.42 | 9.62 | -38.49 | 3.69 | -38.19 | 0.81 | -3.57 | 14.57 | -13.43 | 209.73 | 10.95 | 60.94 | -24.68 | 39.18 | 105.2 | 0.52 | 0 | 12.18 | 5.27 |
| 2016 (3) | 3.17 | 30.45 | 24.51 | 11.82 | 6.58 | 19.2 | 7.83 | -9.42 | 8.14 | 9.41 | 6.57 | 13.47 | 15.64 | 15.17 | 5.97 | 12.85 | 0.84 | 1.2 | 16.83 | -1.0 | 189.03 | 6.13 | 80.91 | 9.18 | 19.09 | -26.01 | 0.00 | 0 | 11.57 | -1.7 |
| 2015 (2) | 2.43 | 48.17 | 21.92 | 18.74 | 5.52 | 121.69 | 8.65 | -11.05 | 7.44 | 26.96 | 5.79 | 30.11 | 13.58 | 31.08 | 5.29 | 36.34 | 0.83 | 9.21 | 17.00 | 2.35 | 178.11 | -4.57 | 74.11 | 73.98 | 25.80 | -55.05 | 0.00 | 0 | 11.77 | -5.23 |
| 2014 (1) | 1.64 | 720.0 | 18.46 | 0 | 2.49 | 0 | 9.72 | 18.26 | 5.86 | 0 | 4.45 | 0 | 10.36 | 0 | 3.88 | 0 | 0.76 | -15.56 | 16.61 | 46.47 | 186.64 | -18.37 | 42.59 | -71.82 | 57.41 | 0 | 0.00 | 0 | 12.42 | 21.05 |
