- 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) | 0.13 | -84.15 | -66.67 | 42.83 | 3.88 | 81.79 | 25.55 | -16.75 | 142.41 | 14.73 | -66.38 | -58.79 | 11.75 | -66.36 | -58.9 | 0.77 | -83.86 | -67.23 | 0.62 | -83.98 | -67.54 | 0.05 | -54.55 | -28.57 | 16.67 | -62.58 | -55.42 | 20.72 | -18.81 | -6.03 | 178.57 | 153.46 | 510.12 | -71.43 | -341.76 | -200.99 | 16.79 | 98.93 | 16.35 |
| 24Q2 (19) | 0.82 | 24.24 | 51.85 | 41.23 | 68.49 | 32.61 | 30.69 | 166.18 | 34.13 | 43.81 | -21.19 | -5.09 | 34.93 | -21.47 | 7.54 | 4.77 | 23.58 | 41.96 | 3.87 | 20.56 | 36.75 | 0.11 | 57.14 | 22.22 | 44.55 | -22.49 | -6.31 | 25.52 | 23.17 | 3.57 | 70.45 | 228.79 | 40.91 | 29.55 | -63.07 | -40.91 | 8.44 | -40.44 | -20.68 |
| 24Q1 (18) | 0.66 | 200.0 | 371.43 | 24.47 | -40.72 | -5.96 | 11.53 | -61.37 | 18.5 | 55.59 | 358.29 | 403.99 | 44.48 | 360.46 | 325.65 | 3.86 | 185.93 | 328.89 | 3.21 | 189.19 | 306.33 | 0.07 | -41.67 | -12.5 | 57.48 | 339.79 | 352.24 | 20.72 | 3.91 | 53.03 | 21.43 | -91.28 | -76.79 | 80.00 | 154.86 | 420.0 | 14.17 | 46.84 | 2.83 |
| 23Q4 (17) | 0.22 | -43.59 | 833.33 | 41.28 | 75.21 | 68.22 | 29.85 | 183.21 | 402.53 | 12.13 | -66.06 | 505.69 | 9.66 | -66.21 | 502.5 | 1.35 | -42.55 | 742.86 | 1.11 | -41.88 | 684.21 | 0.12 | 71.43 | 50.0 | 13.07 | -65.04 | 892.12 | 19.94 | -9.57 | 48.14 | 245.83 | 739.93 | 240.48 | -145.83 | -306.18 | -153.03 | 9.65 | -33.13 | -15.72 |
| 23Q3 (16) | 0.39 | -27.78 | -33.9 | 23.56 | -24.22 | -27.42 | 10.54 | -53.93 | -48.43 | 35.74 | -22.57 | -27.02 | 28.59 | -11.98 | -27.01 | 2.35 | -30.06 | -36.49 | 1.91 | -32.51 | -41.05 | 0.07 | -22.22 | -12.5 | 37.39 | -21.37 | -26.37 | 22.05 | -10.51 | 60.48 | 29.27 | -41.46 | -29.08 | 70.73 | 41.46 | 23.78 | 14.43 | 35.62 | 21.57 |
| 23Q2 (15) | 0.54 | 285.71 | 63.64 | 31.09 | 19.49 | -2.11 | 22.88 | 135.15 | 15.56 | 46.16 | 318.5 | 59.56 | 32.48 | 210.81 | 40.36 | 3.36 | 273.33 | 59.24 | 2.83 | 258.23 | 52.97 | 0.09 | 12.5 | 12.5 | 47.55 | 274.11 | 55.49 | 24.64 | 81.98 | 66.71 | 50.00 | -45.83 | -27.08 | 50.00 | 225.0 | 59.09 | 10.64 | -22.79 | -5.84 |
| 23Q1 (14) | 0.14 | 566.67 | -64.1 | 26.02 | 6.03 | -15.11 | 9.73 | 63.8 | -43.79 | 11.03 | 468.9 | -72.23 | 10.45 | 535.42 | -67.1 | 0.90 | 528.57 | -64.29 | 0.79 | 515.79 | -63.76 | 0.08 | 0.0 | 14.29 | 12.71 | 870.3 | -69.26 | 13.54 | 0.59 | -2.45 | 92.31 | 152.75 | 110.26 | 15.38 | -94.41 | -72.58 | 13.78 | 20.35 | -4.04 |
| 22Q4 (13) | -0.03 | -105.08 | 62.5 | 24.54 | -24.4 | 170.56 | 5.94 | -70.94 | 170.38 | -2.99 | -106.11 | 74.27 | -2.40 | -106.13 | 74.0 | -0.21 | -105.68 | 60.38 | -0.19 | -105.86 | 57.78 | 0.08 | 0.0 | 60.0 | -1.65 | -103.25 | 79.65 | 13.46 | -2.04 | -24.13 | -175.00 | -524.04 | -362.5 | 275.00 | 381.25 | 1137.5 | 11.45 | -3.54 | -39.74 |
| 22Q3 (12) | 0.59 | 78.79 | 2066.67 | 32.46 | 2.2 | 49.24 | 20.44 | 3.23 | 2084.47 | 48.97 | 69.27 | 803.59 | 39.17 | 69.27 | 803.23 | 3.70 | 75.36 | 1708.7 | 3.24 | 75.14 | 1805.26 | 0.08 | 0.0 | 100.0 | 50.78 | 66.06 | 2786.77 | 13.74 | -7.04 | -14.39 | 41.27 | -39.81 | 65.08 | 57.14 | 81.82 | -23.81 | 11.87 | 5.04 | -54.95 |
| 22Q2 (11) | 0.33 | -15.38 | 294.12 | 31.76 | 3.62 | 346.07 | 19.80 | 14.38 | 376.54 | 28.93 | -27.17 | 270.68 | 23.14 | -27.14 | 280.92 | 2.11 | -16.27 | 293.58 | 1.85 | -15.14 | 292.71 | 0.08 | 14.29 | 14.29 | 30.58 | -26.05 | 306.9 | 14.78 | 6.48 | 6.64 | 68.57 | 56.19 | 62.86 | 31.43 | -43.98 | -45.71 | 11.30 | -21.31 | -12.4 |
| 22Q1 (10) | 0.39 | 587.5 | 62.5 | 30.65 | 237.93 | 14.28 | 17.31 | 305.09 | 24.62 | 39.72 | 441.82 | 83.46 | 31.76 | 444.1 | 80.56 | 2.52 | 575.47 | 62.58 | 2.18 | 584.44 | 62.69 | 0.07 | 40.0 | -12.5 | 41.35 | 609.86 | 75.73 | 13.88 | -21.76 | 4.52 | 43.90 | -34.15 | -28.66 | 56.10 | 152.44 | 62.06 | 14.36 | -24.42 | 10.46 |
| 21Q4 (9) | -0.08 | -166.67 | -157.14 | 9.07 | -58.3 | -40.52 | -8.44 | -719.42 | -492.56 | -11.62 | -66.95 | -193.56 | -9.23 | -65.71 | -189.79 | -0.53 | -130.43 | -157.61 | -0.45 | -136.84 | -157.69 | 0.05 | 25.0 | -37.5 | -8.11 | -329.1 | -156.75 | 17.74 | 10.53 | 2.72 | 66.67 | 166.67 | 233.33 | 22.22 | -70.37 | -72.22 | 19.00 | -27.89 | 58.47 |
| 21Q3 (8) | -0.03 | 82.35 | 82.35 | 21.75 | 205.48 | 0.14 | -1.03 | 85.61 | -125.5 | -6.96 | 58.94 | 76.25 | -5.57 | 56.45 | 76.0 | -0.23 | 78.9 | 78.9 | -0.19 | 80.21 | 79.12 | 0.04 | -42.86 | 0.0 | -1.89 | 87.21 | 92.56 | 16.05 | 15.8 | -5.75 | 25.00 | -40.62 | 250.0 | 75.00 | 29.55 | -35.71 | 26.35 | 104.26 | 29.93 |
| 21Q2 (7) | -0.17 | -170.83 | 62.22 | 7.12 | -73.45 | 284.46 | -7.16 | -151.55 | 86.2 | -16.95 | -178.29 | 89.2 | -12.79 | -172.71 | 90.11 | -1.09 | -170.32 | 60.65 | -0.96 | -171.64 | 58.97 | 0.07 | -12.5 | 250.0 | -14.78 | -162.81 | 89.92 | 13.86 | 4.37 | -35.38 | 42.11 | -31.58 | 23.68 | 57.89 | 67.25 | -14.97 | 12.90 | -0.77 | 0 |
| 21Q1 (6) | 0.24 | 71.43 | 0.0 | 26.82 | 75.87 | 73.26 | 13.89 | 546.05 | 356.91 | 21.65 | 74.32 | -15.36 | 17.59 | 71.11 | -14.24 | 1.55 | 68.48 | 9.93 | 1.34 | 71.79 | 9.84 | 0.08 | 0.0 | 33.33 | 23.53 | 64.66 | -18.86 | 13.28 | -23.1 | -12.46 | 61.54 | 207.69 | 433.33 | 34.62 | -56.73 | -59.09 | 13.00 | 8.42 | -19.55 |
| 20Q4 (5) | 0.14 | 182.35 | 142.42 | 15.25 | -29.79 | -24.43 | 2.15 | -46.78 | -75.65 | 12.42 | 142.39 | 156.63 | 10.28 | 144.29 | 158.61 | 0.92 | 184.4 | 147.92 | 0.78 | 185.71 | 146.99 | 0.08 | 100.0 | -11.11 | 14.29 | 156.26 | 170.99 | 17.27 | 1.41 | 13.17 | 20.00 | 220.0 | 150.0 | 80.00 | -31.43 | -42.86 | 11.99 | -40.88 | 33.07 |
| 20Q3 (4) | -0.17 | 62.22 | 0.0 | 21.72 | 662.69 | 0.0 | 4.04 | 107.79 | 0.0 | -29.30 | 81.34 | 0.0 | -23.21 | 82.06 | 0.0 | -1.09 | 60.65 | 0.0 | -0.91 | 61.11 | 0.0 | 0.04 | 100.0 | 0.0 | -25.40 | 82.68 | 0.0 | 17.03 | -20.61 | 0.0 | -16.67 | -148.96 | 0.0 | 116.67 | 71.35 | 0.0 | 20.28 | 0 | 0.0 |
| 20Q2 (3) | -0.45 | -287.5 | 0.0 | -3.86 | -124.94 | 0.0 | -51.89 | -1806.91 | 0.0 | -156.99 | -713.72 | 0.0 | -129.37 | -730.77 | 0.0 | -2.77 | -296.45 | 0.0 | -2.34 | -291.8 | 0.0 | 0.02 | -66.67 | 0.0 | -146.67 | -605.76 | 0.0 | 21.45 | 41.4 | 0.0 | 34.04 | 195.04 | 0.0 | 68.09 | -19.54 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.24 | 172.73 | 0.0 | 15.48 | -23.29 | 0.0 | 3.04 | -65.57 | 0.0 | 25.58 | 216.64 | 0.0 | 20.51 | 216.93 | 0.0 | 1.41 | 173.44 | 0.0 | 1.22 | 173.49 | 0.0 | 0.06 | -33.33 | 0.0 | 29.00 | 244.06 | 0.0 | 15.17 | -0.59 | 0.0 | 11.54 | 128.85 | 0.0 | 84.62 | -39.56 | 0.0 | 16.16 | 79.36 | 0.0 |
| 19Q4 (1) | -0.33 | 0.0 | 0.0 | 20.18 | 0.0 | 0.0 | 8.83 | 0.0 | 0.0 | -21.93 | 0.0 | 0.0 | -17.54 | 0.0 | 0.0 | -1.92 | 0.0 | 0.0 | -1.66 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | -20.13 | 0.0 | 0.0 | 15.26 | 0.0 | 0.0 | -40.00 | 0.0 | 0.0 | 140.00 | 0.0 | 0.0 | 9.01 | 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) | 1.30 | 2.36 | 32.06 | 7.37 | 20.11 | 26.56 | 1.39 | -17.88 | 25.10 | -12.11 | 19.29 | -15.58 | 7.91 | -2.47 | 6.78 | -3.42 | 0.35 | 12.9 | 26.56 | -12.14 | 19.94 | 48.14 | 80.00 | 44.0 | 20.00 | -55.0 | 0.06 | 0 | 11.70 | -3.78 |
| 2022 (9) | 1.27 | 0 | 29.86 | 84.78 | 15.89 | 3872.5 | 1.69 | -32.16 | 28.56 | 0 | 22.85 | 0 | 8.11 | 0 | 7.02 | 0 | 0.31 | 34.78 | 30.23 | 2623.42 | 13.46 | -24.13 | 55.56 | 0 | 44.44 | -66.67 | 0.00 | 0 | 12.16 | -24.85 |
| 2021 (8) | -0.04 | 0 | 16.16 | 16.01 | 0.40 | 0 | 2.49 | -29.51 | -1.69 | 0 | -1.00 | 0 | -0.28 | 0 | -0.23 | 0 | 0.23 | 21.05 | 1.11 | 0 | 17.74 | 2.72 | -16.67 | 0 | 133.33 | 85.19 | 0.00 | 0 | 16.18 | -10.41 |
| 2020 (7) | -0.24 | 0 | 13.93 | -52.31 | -2.40 | 0 | 3.54 | 82.56 | -8.09 | 0 | -6.64 | 0 | -1.49 | 0 | -1.27 | 0 | 0.19 | -48.65 | -4.50 | 0 | 17.27 | 13.17 | 28.00 | -66.45 | 72.00 | 335.0 | 0.00 | 0 | 18.06 | 77.76 |
| 2019 (6) | 1.35 | -15.09 | 29.21 | 16.98 | 17.97 | 28.63 | 1.94 | 1.88 | 21.61 | -14.55 | 17.23 | -20.19 | 7.98 | -17.39 | 6.49 | -16.79 | 0.37 | 2.78 | 23.70 | -14.07 | 15.26 | -52.13 | 83.45 | 51.72 | 16.55 | -62.7 | 0.00 | 0 | 10.16 | -7.13 |
| 2018 (5) | 1.59 | 194.44 | 24.97 | -9.5 | 13.97 | -2.31 | 1.90 | -8.4 | 25.29 | 163.71 | 21.59 | 172.26 | 9.66 | 192.73 | 7.80 | 177.58 | 0.36 | 2.86 | 27.58 | 134.52 | 31.88 | 70.94 | 55.00 | -63.55 | 44.38 | 0 | 0.00 | 0 | 10.94 | -5.2 |
| 2017 (4) | 0.54 | 8.0 | 27.59 | -1.18 | 14.30 | -5.49 | 2.08 | -22.15 | 9.59 | -14.15 | 7.93 | 3.12 | 3.30 | 13.4 | 2.81 | 12.4 | 0.35 | 9.37 | 11.76 | -15.4 | 18.65 | 16.71 | 150.91 | 12.7 | -49.09 | 0 | 0.00 | 0 | 11.54 | -8.92 |
| 2016 (3) | 0.50 | -31.51 | 27.92 | 57.47 | 15.13 | 89.84 | 2.67 | 48.8 | 11.17 | 36.89 | 7.69 | 11.13 | 2.91 | -29.88 | 2.50 | -26.69 | 0.32 | -34.69 | 13.90 | 38.45 | 15.98 | -6.93 | 133.90 | 35.9 | -35.59 | 0 | 0.00 | 0 | 12.67 | 21.59 |
| 2015 (2) | 0.73 | -70.8 | 17.73 | -33.09 | 7.97 | -43.87 | 1.79 | 26.57 | 8.16 | -60.29 | 6.92 | -60.64 | 4.15 | -71.24 | 3.41 | -68.74 | 0.49 | -20.97 | 10.04 | -54.26 | 17.17 | -40.51 | 98.53 | 42.87 | 2.94 | -90.52 | 0.00 | 0 | 10.42 | 10.15 |
| 2014 (1) | 2.50 | 68.92 | 26.50 | 0 | 14.20 | 0 | 1.42 | -33.52 | 20.55 | 0 | 17.58 | 0 | 14.43 | 0 | 10.91 | 0 | 0.62 | 14.81 | 21.95 | 30.42 | 28.86 | -20.19 | 68.97 | -11.7 | 31.03 | 41.72 | 0.00 | 0 | 9.46 | -10.16 |
