- 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) | 0.28 | 3.7 | -87.33 | 23.21 | -14.61 | -29.6 | 6.48 | -44.14 | -59.85 | 14.19 | -13.05 | -38.12 | 11.76 | 11.47 | -84.13 | 1.55 | 1.31 | 98.72 | 1.24 | 9.73 | 117.54 | 0.10 | 0.0 | -9.09 | 23.14 | -7.44 | -23.86 | 24.25 | -23.79 | -52.0 | 47.06 | -32.55 | -33.73 | 55.88 | 100.25 | 92.79 | 27.04 | 8.33 | -61.08 |
| 24Q2 (19) | 0.27 | -64.94 | -48.08 | 27.18 | -14.23 | -46.82 | 11.60 | -34.46 | -70.6 | 16.32 | -49.85 | -61.67 | 10.55 | -59.25 | -47.59 | 1.53 | -65.07 | -75.24 | 1.13 | -63.07 | -69.38 | 0.10 | -16.67 | 0.0 | 25.00 | -37.81 | -54.17 | 31.82 | -33.64 | -52.56 | 69.77 | 27.91 | -24.87 | 27.91 | -38.6 | 290.7 | 24.96 | 1.96 | 502.9 |
| 24Q1 (18) | 0.77 | 313.89 | 156.67 | 31.69 | 4.79 | 35.02 | 17.70 | 3.93 | 90.94 | 32.54 | 207.27 | 197.71 | 25.89 | 301.79 | 186.08 | 4.38 | 45.51 | 129.32 | 3.06 | 45.02 | 163.79 | 0.12 | 9.09 | 0.0 | 40.20 | 109.05 | 85.6 | 47.95 | 10.69 | -36.38 | 54.55 | -65.49 | -34.9 | 45.45 | 178.28 | 180.3 | 24.48 | -31.35 | -10.13 |
| 23Q4 (17) | -0.36 | -116.29 | -233.33 | 30.24 | -8.28 | 35.97 | 17.03 | 5.51 | 78.51 | 10.59 | -53.82 | 18.19 | -12.83 | -117.31 | -282.24 | 3.01 | 285.9 | 79.17 | 2.11 | 270.18 | 111.0 | 0.11 | 0.0 | -15.38 | 19.23 | -36.72 | 3.89 | 43.32 | -14.25 | -44.79 | 158.06 | 122.58 | 49.52 | -58.06 | -300.32 | -916.13 | 35.66 | -48.67 | 53.44 |
| 23Q3 (16) | 2.21 | 325.0 | 370.21 | 32.97 | -35.49 | 62.25 | 16.14 | -59.09 | 126.05 | 22.93 | -46.15 | 73.58 | 74.11 | 268.16 | 576.19 | 0.78 | -87.38 | -74.17 | 0.57 | -84.55 | -65.66 | 0.11 | 10.0 | -21.43 | 30.39 | -44.29 | 38.32 | 50.52 | -24.69 | -42.1 | 71.01 | -23.52 | 32.87 | 28.99 | 305.8 | -37.73 | 69.47 | 1578.02 | 195.74 |
| 23Q2 (15) | 0.52 | 73.33 | 18.18 | 51.11 | 117.77 | 117.21 | 39.45 | 325.57 | 261.93 | 42.58 | 289.57 | 278.15 | 20.13 | 122.43 | 107.53 | 6.18 | 223.56 | 110.92 | 3.69 | 218.1 | 141.18 | 0.10 | -16.67 | -33.33 | 54.55 | 151.85 | 178.74 | 67.08 | -11.0 | -32.26 | 92.86 | 10.83 | -5.32 | 7.14 | -55.95 | 85.71 | 4.14 | -84.8 | -81.57 |
| 23Q1 (14) | 0.30 | 11.11 | -31.82 | 23.47 | 5.53 | 23.33 | 9.27 | -2.83 | 33.96 | 10.93 | 21.99 | 0.18 | 9.05 | 28.55 | 0.56 | 1.91 | 13.69 | -36.12 | 1.16 | 16.0 | -21.62 | 0.12 | -7.69 | -25.0 | 21.66 | 17.02 | 16.2 | 75.37 | -3.95 | -30.73 | 83.78 | -20.75 | 29.27 | 16.22 | 383.78 | -56.22 | 27.24 | 17.21 | 30.71 |
| 22Q4 (13) | 0.27 | -42.55 | 0.0 | 22.24 | 9.45 | 31.91 | 9.54 | 33.61 | 118.81 | 8.96 | -32.17 | 23.59 | 7.04 | -35.77 | 21.17 | 1.68 | -44.37 | -9.68 | 1.00 | -39.76 | 5.26 | 0.13 | -7.14 | -13.33 | 18.51 | -15.75 | 17.82 | 78.47 | -10.06 | -32.3 | 105.71 | 97.79 | 71.16 | -5.71 | -112.28 | -113.88 | 23.24 | -1.06 | 9.52 |
| 22Q3 (12) | 0.47 | 6.82 | 370.0 | 20.32 | -13.64 | 30.42 | 7.14 | -34.5 | 163.47 | 13.21 | 17.32 | 412.02 | 10.96 | 12.99 | 378.6 | 3.02 | 3.07 | 319.44 | 1.66 | 8.5 | 304.88 | 0.14 | -6.67 | -6.67 | 21.97 | 12.26 | 95.64 | 87.25 | -11.9 | -19.67 | 53.45 | -45.5 | -46.55 | 46.55 | 1110.34 | 658.62 | 23.49 | 4.59 | 2.71 |
| 22Q2 (11) | 0.44 | 0.0 | 833.33 | 23.53 | 23.65 | 91.46 | 10.90 | 57.51 | 1534.21 | 11.26 | 3.21 | 609.5 | 9.70 | 7.78 | 733.99 | 2.93 | -2.01 | 736.96 | 1.53 | 3.38 | 1120.0 | 0.15 | -6.25 | 7.14 | 19.57 | 4.99 | 181.18 | 99.03 | -8.99 | -7.58 | 98.08 | 51.32 | 226.92 | 3.85 | -89.62 | -93.59 | 22.46 | 7.77 | -5.99 |
| 22Q1 (10) | 0.44 | 62.96 | 2300.0 | 19.03 | 12.87 | 59.51 | 6.92 | 58.72 | 874.65 | 10.91 | 50.48 | 3619.35 | 9.00 | 54.91 | 2747.06 | 2.99 | 60.75 | 2818.18 | 1.48 | 55.79 | 14700.0 | 0.16 | 6.67 | 6.67 | 18.64 | 18.65 | 124.58 | 108.81 | -6.13 | 0.73 | 64.81 | 4.94 | 121.6 | 37.04 | -10.05 | -92.59 | 20.84 | -1.79 | -1.42 |
| 21Q4 (9) | 0.27 | 170.0 | 350.0 | 16.86 | 8.22 | 26.96 | 4.36 | 60.89 | 20.78 | 7.25 | 181.01 | 158.01 | 5.81 | 153.71 | 380.17 | 1.86 | 158.33 | 322.73 | 0.95 | 131.71 | 239.29 | 0.15 | 0.0 | -11.76 | 15.71 | 39.89 | 46.69 | 115.91 | 6.72 | 2.94 | 61.76 | -38.24 | -51.24 | 41.18 | 594.12 | 254.41 | 21.22 | -7.21 | 20.36 |
| 21Q3 (8) | 0.10 | 266.67 | -52.38 | 15.58 | 26.77 | 50.39 | 2.71 | 456.58 | 287.14 | 2.58 | 216.74 | -49.01 | 2.29 | 249.67 | -48.31 | 0.72 | 256.52 | -51.02 | 0.41 | 373.33 | -45.33 | 0.15 | 7.14 | 0.0 | 11.23 | 61.35 | -18.86 | 108.61 | 1.36 | -4.74 | 100.00 | 233.33 | 733.33 | -8.33 | -113.89 | -109.92 | 22.87 | -4.27 | 51.96 |
| 21Q2 (7) | -0.06 | -200.0 | -300.0 | 12.29 | 3.02 | 70.46 | -0.76 | -207.04 | 84.98 | -2.21 | -612.9 | -21.43 | -1.53 | -350.0 | -296.15 | -0.46 | -318.18 | -355.56 | -0.15 | -1600.0 | -188.24 | 0.14 | -6.67 | 27.27 | 6.96 | -16.14 | -36.21 | 107.15 | -0.81 | -9.73 | 30.00 | 110.0 | -89.41 | 60.00 | -88.0 | 132.73 | 23.89 | 13.01 | 0 |
| 21Q1 (6) | -0.02 | -133.33 | 90.0 | 11.93 | -10.17 | 130.31 | 0.71 | -80.33 | 110.89 | -0.31 | -111.03 | 95.26 | -0.34 | -128.1 | 93.27 | -0.11 | -125.0 | 91.85 | 0.01 | -96.43 | 101.85 | 0.15 | -11.76 | 25.0 | 8.30 | -22.5 | 95.75 | 108.02 | -4.07 | -8.16 | -300.00 | -336.84 | -400.0 | 500.00 | 1975.0 | 0 | 21.14 | 19.91 | 0 |
| 20Q4 (5) | 0.06 | -71.43 | 100.0 | 13.28 | 28.19 | -4.12 | 3.61 | 415.71 | 7.44 | 2.81 | -44.47 | 585.37 | 1.21 | -72.69 | 105.08 | 0.44 | -70.07 | 120.0 | 0.28 | -62.67 | 55.56 | 0.17 | 13.33 | 6.25 | 10.71 | -22.62 | 19.8 | 112.60 | -1.24 | -1.97 | 126.67 | 955.56 | -85.93 | -26.67 | -131.75 | 96.67 | 17.63 | 17.14 | 0 |
| 20Q3 (4) | 0.21 | 600.0 | 0.0 | 10.36 | 43.69 | 0.0 | 0.70 | 113.83 | 0.0 | 5.06 | 378.02 | 0.0 | 4.43 | 467.95 | 0.0 | 1.47 | 716.67 | 0.0 | 0.75 | 341.18 | 0.0 | 0.15 | 36.36 | 0.0 | 13.84 | 26.86 | 0.0 | 114.01 | -3.95 | 0.0 | 12.00 | -95.76 | 0.0 | 84.00 | 145.82 | 0.0 | 15.05 | 0 | 0.0 |
| 20Q2 (3) | 0.03 | 115.0 | 0.0 | 7.21 | 39.19 | 0.0 | -5.06 | 22.39 | 0.0 | -1.82 | 72.17 | 0.0 | 0.78 | 115.45 | 0.0 | 0.18 | 113.33 | 0.0 | 0.17 | 131.48 | 0.0 | 0.11 | -8.33 | 0.0 | 10.91 | 157.31 | 0.0 | 118.70 | 0.92 | 0.0 | 283.33 | 183.33 | 0.0 | -183.33 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.20 | -766.67 | 0.0 | 5.18 | -62.6 | 0.0 | -6.52 | -294.05 | 0.0 | -6.54 | -1695.12 | 0.0 | -5.05 | -955.93 | 0.0 | -1.35 | -775.0 | 0.0 | -0.54 | -400.0 | 0.0 | 0.12 | -25.0 | 0.0 | 4.24 | -52.57 | 0.0 | 117.62 | 2.4 | 0.0 | 100.00 | -88.89 | 0.0 | 0.00 | 100.0 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.03 | 0.0 | 0.0 | 13.85 | 0.0 | 0.0 | 3.36 | 0.0 | 0.0 | 0.41 | 0.0 | 0.0 | 0.59 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 8.94 | 0.0 | 0.0 | 114.86 | 0.0 | 0.0 | 900.00 | 0.0 | 0.0 | -800.00 | 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) | 2.67 | 64.81 | 33.65 | 58.65 | 19.57 | 128.09 | 8.38 | 11.2 | 20.93 | 87.88 | 22.94 | 148.54 | 11.34 | 7.18 | 7.39 | 28.97 | 0.43 | -25.86 | 30.51 | 54.79 | 43.32 | -44.79 | 93.60 | 20.95 | 6.40 | -72.31 | 0.19 | -44.26 | 34.97 | 55.91 |
| 2022 (9) | 1.62 | 458.62 | 21.21 | 49.37 | 8.58 | 376.67 | 7.54 | -4.42 | 11.14 | 483.25 | 9.23 | 469.75 | 10.58 | 431.66 | 5.73 | 381.51 | 0.58 | 1.75 | 19.71 | 85.59 | 78.47 | -32.3 | 77.39 | -17.92 | 23.12 | 304.52 | 0.34 | -21.46 | 22.43 | 0.85 |
| 2021 (8) | 0.29 | 190.0 | 14.20 | 50.11 | 1.80 | 0 | 7.89 | -10.03 | 1.91 | 377.5 | 1.62 | 174.58 | 1.99 | 192.65 | 1.19 | 85.94 | 0.57 | 3.64 | 10.62 | 4.84 | 115.91 | 2.94 | 94.29 | 0 | 5.71 | -98.57 | 0.44 | 14.16 | 22.24 | 2.3 |
| 2020 (7) | 0.10 | -62.96 | 9.46 | -20.57 | -1.18 | 0 | 8.76 | 4.92 | 0.40 | -70.8 | 0.59 | -57.25 | 0.68 | -61.8 | 0.64 | -44.35 | 0.55 | -6.78 | 10.13 | -4.7 | 112.60 | -1.97 | -300.00 | 0 | 400.00 | 0 | 0.38 | -16.08 | 21.74 | 1.97 |
| 2019 (6) | 0.27 | -70.65 | 11.91 | -12.43 | 1.35 | -67.23 | 8.35 | 55.92 | 1.37 | -71.1 | 1.38 | -63.59 | 1.78 | -70.08 | 1.15 | -63.14 | 0.59 | -14.49 | 10.63 | -15.57 | 114.86 | -7.49 | 96.43 | 10.47 | 0.00 | 0 | 0.45 | 170.61 | 21.32 | 4.1 |
| 2018 (5) | 0.92 | -50.54 | 13.60 | -8.17 | 4.12 | -41.81 | 5.36 | 52.47 | 4.74 | -35.86 | 3.79 | -33.74 | 5.95 | -51.59 | 3.12 | -46.85 | 0.69 | -27.37 | 12.59 | 0.88 | 124.16 | -6.95 | 87.29 | -9.04 | 12.71 | 215.25 | 0.17 | 0 | 20.48 | 19.84 |
| 2017 (4) | 1.86 | 4.49 | 14.81 | -16.7 | 7.08 | -29.41 | 3.51 | -29.95 | 7.39 | -20.71 | 5.72 | -18.05 | 12.29 | -0.16 | 5.87 | -9.83 | 0.95 | 7.95 | 12.48 | -21.36 | 133.44 | 11.53 | 95.97 | -10.89 | 4.03 | 0 | 0.00 | 0 | 17.09 | -1.27 |
| 2016 (3) | 1.78 | 32.84 | 17.78 | 5.21 | 10.03 | 18.98 | 5.02 | -26.73 | 9.32 | 15.2 | 6.98 | 10.44 | 12.31 | 29.44 | 6.51 | 16.88 | 0.88 | 10.0 | 15.87 | -5.54 | 119.65 | 45.44 | 107.69 | 3.41 | -7.69 | 0 | 0.00 | 0 | 17.31 | -13.32 |
| 2015 (2) | 1.34 | 13.56 | 16.90 | 9.24 | 8.43 | 29.89 | 6.85 | 2.19 | 8.09 | 22.76 | 6.32 | 25.9 | 9.51 | 7.7 | 5.57 | 15.32 | 0.80 | 0.0 | 16.80 | 11.93 | 82.27 | -13.65 | 104.15 | 6.3 | -4.15 | 0 | 0.00 | 0 | 19.97 | -6.33 |
| 2014 (1) | 1.18 | 26.88 | 15.47 | 0 | 6.49 | 0 | 6.70 | -18.39 | 6.59 | 0 | 5.02 | 0 | 8.83 | 0 | 4.83 | 0 | 0.80 | 14.29 | 15.01 | -10.07 | 95.27 | -22.44 | 97.97 | 5.37 | 1.35 | -80.74 | 0.00 | 0 | 21.32 | -0.56 |
