- 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) | 0.72 | -19.1 | 7100.0 | 33.07 | 20.17 | 53.24 | 22.99 | 21.58 | 295.33 | 20.73 | -4.07 | 2397.59 | 16.74 | -4.34 | 3620.0 | 3.80 | -21.65 | 9400.0 | 3.07 | -23.82 | 7575.0 | 0.18 | -21.74 | 157.14 | 22.27 | -3.13 | 290.02 | 20.98 | -22.41 | 99.43 | 110.87 | 26.71 | 113.86 | -10.87 | -186.96 | -101.21 | 11.37 | 22.0 | -62.04 |
| 24Q2 (19) | 0.89 | 535.71 | 1383.33 | 27.52 | 28.84 | 50.79 | 18.91 | 8495.45 | 1232.34 | 21.61 | 125.1 | 190.46 | 17.50 | 127.27 | 440.12 | 4.85 | 498.77 | 1285.71 | 4.03 | 459.72 | 1200.0 | 0.23 | 155.56 | 155.56 | 22.99 | 83.92 | 106.93 | 27.04 | 91.77 | 44.91 | 87.50 | 0 | 406.25 | 12.50 | -87.5 | -90.28 | 9.32 | -60.56 | -57.13 |
| 24Q1 (18) | 0.14 | 600.0 | -48.15 | 21.36 | -18.69 | -16.5 | 0.22 | -92.49 | -98.21 | 9.60 | 580.85 | -21.7 | 7.70 | 474.63 | -24.51 | 0.81 | 523.08 | -46.36 | 0.72 | 500.0 | -45.45 | 0.09 | 0.0 | -30.77 | 12.50 | 117.39 | -14.38 | 14.10 | 12.89 | 0.71 | 0.00 | -100.0 | -100.0 | 100.00 | 200.0 | 0 | 23.63 | -5.86 | 53.54 |
| 23Q4 (17) | 0.02 | 100.0 | -95.12 | 26.27 | 21.73 | -4.47 | 2.93 | 124.89 | -81.36 | 1.41 | 69.88 | -90.49 | 1.34 | 197.78 | -89.11 | 0.13 | 225.0 | -94.4 | 0.12 | 200.0 | -93.97 | 0.09 | 28.57 | -43.75 | 5.75 | 0.7 | -66.3 | 12.49 | 18.73 | -16.29 | 300.00 | 137.5 | 177.78 | -100.00 | -111.11 | -1150.0 | 25.10 | -16.19 | 100.48 |
| 23Q3 (16) | 0.01 | -83.33 | -98.44 | 21.58 | 18.25 | -24.47 | -11.77 | -604.79 | -172.16 | 0.83 | -88.84 | -97.08 | 0.45 | -86.11 | -97.99 | 0.04 | -88.57 | -98.93 | 0.04 | -87.1 | -98.69 | 0.07 | -22.22 | -50.0 | 5.71 | -48.6 | -81.47 | 10.52 | -43.62 | -44.22 | -800.00 | -2700.0 | -1500.0 | 900.00 | 600.0 | 2000.0 | 29.95 | 37.76 | 107.84 |
| 23Q2 (15) | 0.06 | -77.78 | -88.46 | 18.25 | -28.66 | -34.33 | -1.67 | -113.56 | -109.97 | 7.44 | -39.31 | -67.27 | 3.24 | -68.24 | -79.67 | 0.35 | -76.82 | -88.41 | 0.31 | -76.52 | -87.24 | 0.09 | -30.77 | -40.0 | 11.11 | -23.9 | -56.09 | 18.66 | 33.29 | -31.45 | -28.57 | -128.57 | -138.78 | 128.57 | 0 | 388.57 | 21.74 | 41.26 | 69.31 |
| 23Q1 (14) | 0.27 | -34.15 | -50.0 | 25.58 | -6.98 | -6.81 | 12.32 | -21.63 | -24.88 | 12.26 | -17.33 | -43.14 | 10.20 | -17.14 | -42.14 | 1.51 | -34.91 | -52.37 | 1.32 | -33.67 | -49.23 | 0.13 | -18.75 | -13.33 | 14.60 | -14.42 | -38.91 | 14.00 | -6.17 | -34.09 | 100.00 | -7.41 | 30.77 | 0.00 | 100.0 | -100.0 | 15.39 | 22.92 | 9.77 |
| 22Q4 (13) | 0.41 | -35.94 | -24.07 | 27.50 | -3.75 | -0.76 | 15.72 | -3.62 | -11.64 | 14.83 | -47.86 | -19.53 | 12.31 | -44.97 | -16.77 | 2.32 | -38.13 | -29.48 | 1.99 | -34.75 | -25.19 | 0.16 | 14.29 | -11.11 | 17.06 | -44.65 | -16.9 | 14.92 | -20.89 | -33.89 | 108.00 | 89.0 | 11.18 | -8.00 | -118.67 | -380.0 | 12.52 | -13.12 | 4.86 |
| 22Q3 (12) | 0.64 | 23.08 | 33.33 | 28.57 | 2.81 | 7.37 | 16.31 | -2.63 | 2.32 | 28.44 | 25.12 | 70.4 | 22.37 | 40.34 | 67.57 | 3.75 | 24.17 | 27.55 | 3.05 | 25.51 | 29.79 | 0.14 | -6.67 | -17.65 | 30.82 | 21.82 | 60.1 | 18.86 | -30.71 | -26.61 | 57.14 | -22.45 | -40.95 | 42.86 | 62.86 | 1228.57 | 14.41 | 12.23 | 20.59 |
| 22Q2 (11) | 0.52 | -3.7 | -58.73 | 27.79 | 1.24 | -1.28 | 16.75 | 2.13 | 15.52 | 22.73 | 5.43 | -59.32 | 15.94 | -9.59 | -62.63 | 3.02 | -4.73 | -61.77 | 2.43 | -6.54 | -60.49 | 0.15 | 0.0 | 7.14 | 25.30 | 5.86 | -56.79 | 27.22 | 28.15 | 2.83 | 73.68 | -3.64 | 184.69 | 26.32 | 11.84 | -64.49 | 12.84 | -8.42 | -13.42 |
| 22Q1 (10) | 0.54 | 0.0 | 68.75 | 27.45 | -0.94 | 12.41 | 16.40 | -7.81 | 31.52 | 21.56 | 16.98 | 72.76 | 17.63 | 19.2 | 72.34 | 3.17 | -3.65 | 48.83 | 2.60 | -2.26 | 54.76 | 0.15 | -16.67 | -6.25 | 23.90 | 16.42 | 62.36 | 21.24 | -5.89 | -30.68 | 76.47 | -21.28 | -23.53 | 23.53 | 723.53 | 0 | 14.02 | 17.42 | 2.71 |
| 21Q4 (9) | 0.54 | 12.5 | 116.0 | 27.71 | 4.13 | 8.97 | 17.79 | 11.61 | 38.44 | 18.43 | 10.43 | 65.59 | 14.79 | 10.79 | 66.37 | 3.29 | 11.9 | 94.67 | 2.66 | 13.19 | 87.32 | 0.18 | 5.88 | 12.5 | 20.53 | 6.65 | 41.78 | 22.57 | -12.18 | -1.18 | 97.14 | 0.38 | -18.2 | 2.86 | -11.43 | 115.24 | 11.94 | -0.08 | -18.39 |
| 21Q3 (8) | 0.48 | -61.9 | 336.36 | 26.61 | -5.47 | 37.52 | 15.94 | 9.93 | 150.24 | 16.69 | -70.13 | 229.84 | 13.35 | -68.7 | 232.92 | 2.94 | -62.78 | 292.0 | 2.35 | -61.79 | 273.02 | 0.17 | 21.43 | 6.25 | 19.25 | -67.12 | 126.2 | 25.70 | -2.91 | 68.86 | 96.77 | 273.9 | -24.73 | 3.23 | -95.65 | 111.29 | 11.95 | -19.42 | -15.85 |
| 21Q2 (7) | 1.26 | 293.75 | 500.0 | 28.15 | 15.27 | 18.33 | 14.50 | 16.28 | 21.44 | 55.88 | 347.76 | 443.58 | 42.65 | 316.91 | 466.4 | 7.90 | 270.89 | 448.61 | 6.15 | 266.07 | 421.19 | 0.14 | -12.5 | -12.5 | 58.55 | 297.76 | 330.2 | 26.47 | -13.61 | 9.24 | 25.88 | -74.12 | -78.43 | 74.12 | 0 | 655.88 | 14.83 | 8.64 | 0 |
| 21Q1 (6) | 0.32 | 28.0 | -8.57 | 24.42 | -3.97 | -15.21 | 12.47 | -2.96 | -21.37 | 12.48 | 12.13 | -32.06 | 10.23 | 15.07 | -31.25 | 2.13 | 26.04 | -9.36 | 1.68 | 18.31 | -14.72 | 0.16 | 0.0 | 23.08 | 14.72 | 1.66 | -33.48 | 30.64 | 34.15 | 62.63 | 100.00 | -15.79 | 15.79 | 0.00 | 100.0 | -100.0 | 13.65 | -6.7 | 0 |
| 20Q4 (5) | 0.25 | 127.27 | -40.48 | 25.43 | 31.42 | 3.84 | 12.85 | 101.73 | -14.56 | 11.13 | 119.96 | -19.93 | 8.89 | 121.7 | -19.77 | 1.69 | 125.33 | -40.7 | 1.42 | 125.4 | -39.32 | 0.16 | 0.0 | -23.81 | 14.48 | 70.15 | -14.87 | 22.84 | 50.07 | 17.49 | 118.75 | -7.64 | 10.56 | -18.75 | 34.37 | -153.13 | 14.63 | 3.03 | 44.57 |
| 20Q3 (4) | 0.11 | -47.62 | 0.0 | 19.35 | -18.66 | 0.0 | 6.37 | -46.65 | 0.0 | 5.06 | -50.78 | 0.0 | 4.01 | -46.75 | 0.0 | 0.75 | -47.92 | 0.0 | 0.63 | -46.61 | 0.0 | 0.16 | 0.0 | 0.0 | 8.51 | -37.47 | 0.0 | 15.22 | -37.19 | 0.0 | 128.57 | 7.14 | 0.0 | -28.57 | -114.29 | 0.0 | 14.20 | 0 | 0.0 |
| 20Q2 (3) | 0.21 | -40.0 | 0.0 | 23.79 | -17.4 | 0.0 | 11.94 | -24.72 | 0.0 | 10.28 | -44.04 | 0.0 | 7.53 | -49.4 | 0.0 | 1.44 | -38.72 | 0.0 | 1.18 | -40.1 | 0.0 | 0.16 | 23.08 | 0.0 | 13.61 | -38.5 | 0.0 | 24.23 | 28.61 | 0.0 | 120.00 | 38.95 | 0.0 | -13.33 | -197.78 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.35 | -16.67 | 0.0 | 28.80 | 17.6 | 0.0 | 15.86 | 5.45 | 0.0 | 18.37 | 32.16 | 0.0 | 14.88 | 34.3 | 0.0 | 2.35 | -17.54 | 0.0 | 1.97 | -15.81 | 0.0 | 0.13 | -38.1 | 0.0 | 22.13 | 30.1 | 0.0 | 18.84 | -3.09 | 0.0 | 86.36 | -19.59 | 0.0 | 13.64 | 284.09 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.42 | 0.0 | 0.0 | 24.49 | 0.0 | 0.0 | 15.04 | 0.0 | 0.0 | 13.90 | 0.0 | 0.0 | 11.08 | 0.0 | 0.0 | 2.85 | 0.0 | 0.0 | 2.34 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 17.01 | 0.0 | 0.0 | 19.44 | 0.0 | 0.0 | 107.41 | 0.0 | 0.0 | -7.41 | 0.0 | 0.0 | 10.12 | 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) | 0.36 | -82.86 | 23.17 | -16.68 | 2.40 | -85.27 | 3.30 | 41.0 | 6.59 | -69.56 | 4.74 | -71.9 | 2.06 | -83.06 | 1.83 | -82.18 | 0.38 | -37.7 | 10.15 | -57.74 | 12.49 | -16.29 | 34.62 | -53.74 | 65.38 | 167.31 | 0.10 | 3.66 | 21.75 | 62.19 |
| 2022 (9) | 2.10 | -19.54 | 27.81 | 4.04 | 16.29 | 6.4 | 2.34 | 1.06 | 21.65 | -12.7 | 16.87 | -13.31 | 12.16 | -25.9 | 10.27 | -23.36 | 0.61 | -11.59 | 24.02 | -11.72 | 14.92 | -33.89 | 74.82 | 20.7 | 24.46 | -36.63 | 0.10 | 1.34 | 13.41 | 3.31 |
| 2021 (8) | 2.61 | 180.65 | 26.73 | 10.5 | 15.31 | 31.64 | 2.32 | -28.48 | 24.80 | 126.28 | 19.46 | 126.02 | 16.41 | 163.83 | 13.40 | 160.7 | 0.69 | 15.0 | 27.21 | 91.48 | 22.57 | -1.18 | 61.99 | -41.83 | 38.60 | 0 | 0.09 | -10.55 | 12.98 | -11.76 |
| 2020 (7) | 0.93 | -34.51 | 24.19 | -5.91 | 11.63 | -18.56 | 3.24 | -3.34 | 10.96 | -26.79 | 8.61 | -26.41 | 6.22 | -36.27 | 5.14 | -36.86 | 0.60 | -14.29 | 14.21 | -22.52 | 22.84 | 17.49 | 106.56 | 12.54 | -6.56 | 0 | 0.11 | 0 | 14.71 | 11.95 |
| 2019 (6) | 1.42 | -12.35 | 25.71 | -2.24 | 14.28 | 0.28 | 3.35 | 2.39 | 14.97 | -9.11 | 11.70 | -10.0 | 9.76 | -16.51 | 8.14 | -13.03 | 0.70 | -2.78 | 18.34 | -7.28 | 19.44 | -5.08 | 94.68 | 10.29 | 4.26 | -67.78 | 0.00 | 0 | 13.14 | 0.46 |
| 2018 (5) | 1.62 | 9.46 | 26.30 | 11.96 | 14.24 | 6.19 | 3.27 | 14.77 | 16.47 | 37.94 | 13.00 | 37.28 | 11.69 | 2.45 | 9.36 | 8.33 | 0.72 | -20.88 | 19.78 | 33.02 | 20.48 | -30.51 | 85.85 | -23.69 | 13.21 | 0 | 0.00 | 0 | 13.08 | 22.93 |
| 2017 (4) | 1.48 | 19.35 | 23.49 | 9.61 | 13.41 | 23.59 | 2.85 | -23.05 | 11.94 | 3.74 | 9.47 | 7.98 | 11.41 | 11.75 | 8.64 | 11.34 | 0.91 | 3.41 | 14.87 | -3.19 | 29.47 | -15.66 | 112.50 | 19.62 | -12.50 | 0 | 0.00 | 0 | 10.64 | -1.48 |
| 2016 (3) | 1.24 | -26.19 | 21.43 | -12.03 | 10.85 | -17.62 | 3.70 | 30.19 | 11.51 | -22.54 | 8.77 | -28.52 | 10.21 | -32.92 | 7.76 | -35.76 | 0.88 | -10.2 | 15.36 | -14.29 | 34.94 | 24.3 | 94.05 | 5.17 | 5.95 | -48.41 | 0.00 | 0 | 10.80 | 0.28 |
| 2015 (2) | 1.68 | 12.75 | 24.36 | 5.18 | 13.17 | 27.25 | 2.84 | -14.49 | 14.86 | 16.55 | 12.27 | -13.47 | 15.22 | -3.61 | 12.08 | -2.74 | 0.98 | 11.36 | 17.92 | 10.14 | 28.11 | 19.16 | 89.42 | 10.18 | 11.54 | -38.76 | 0.00 | 0 | 10.77 | -23.73 |
| 2014 (1) | 1.49 | -6.29 | 23.16 | 0 | 10.35 | 0 | 3.33 | 1.48 | 12.75 | 0 | 14.18 | 0 | 15.79 | 0 | 12.42 | 0 | 0.88 | -13.73 | 16.27 | -21.85 | 23.59 | -24.54 | 81.16 | 11.73 | 18.84 | -28.67 | 0.00 | 0 | 14.12 | 13.78 |
