- 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) | 0.33 | -73.6 | 22.22 | 13.94 | 8.57 | 9.16 | 7.21 | 24.1 | 18.2 | 6.43 | -58.35 | 2.72 | 4.68 | -65.02 | -0.21 | 2.09 | -64.7 | 5.03 | 1.01 | -56.84 | 0.0 | 0.15 | 0.0 | 0.0 | 12.71 | -40.52 | 3.0 | 210.51 | 4.25 | 18.43 | 112.18 | 197.8 | 14.95 | -12.18 | -119.54 | -605.5 | 6.36 | -16.21 | -7.83 |
| 24Q2 (19) | 1.25 | 267.65 | 81.16 | 12.84 | 1.66 | 4.9 | 5.81 | -16.4 | 11.09 | 15.44 | 155.63 | 43.49 | 13.38 | 171.4 | 51.87 | 5.92 | 200.51 | 58.29 | 2.34 | 136.36 | 45.34 | 0.15 | 7.14 | 7.14 | 21.37 | 72.34 | 22.75 | 201.92 | 10.9 | 5.71 | 37.67 | -67.19 | -22.59 | 62.33 | 513.83 | 21.42 | 7.59 | 29.52 | 5.56 |
| 24Q1 (18) | 0.34 | -19.05 | -87.17 | 12.63 | -17.67 | 5.87 | 6.95 | -5.31 | 59.77 | 6.04 | -10.25 | -81.03 | 4.93 | -9.71 | -83.42 | 1.97 | -18.93 | -85.91 | 0.99 | -14.66 | -79.59 | 0.14 | -12.5 | -6.67 | 12.40 | -1.04 | -67.42 | 182.07 | 0.17 | -7.32 | 114.81 | 5.1 | 739.32 | -15.06 | -63.0 | -117.44 | 5.86 | -28.62 | -36.03 |
| 23Q4 (17) | 0.42 | 55.56 | -28.81 | 15.34 | 20.13 | 59.79 | 7.34 | 20.33 | 92.15 | 6.73 | 7.51 | -14.16 | 5.46 | 16.42 | -25.1 | 2.43 | 22.11 | -37.05 | 1.16 | 14.85 | -23.68 | 0.16 | 6.67 | -5.88 | 12.53 | 1.54 | -1.26 | 181.76 | 2.26 | -16.07 | 109.24 | 11.94 | 124.25 | -9.24 | -483.47 | -118.02 | 8.21 | 18.99 | 2.37 |
| 23Q3 (16) | 0.27 | -60.87 | -35.71 | 12.77 | 4.33 | 127.63 | 6.10 | 16.63 | 609.3 | 6.26 | -41.82 | 14.03 | 4.69 | -46.77 | -8.22 | 1.99 | -46.79 | -30.66 | 1.01 | -37.27 | -15.13 | 0.15 | 7.14 | -16.67 | 12.34 | -29.12 | 22.42 | 177.75 | -6.94 | -18.89 | 97.59 | 100.54 | 518.07 | 2.41 | -95.31 | -97.14 | 6.90 | -4.03 | 62.35 |
| 23Q2 (15) | 0.69 | -73.96 | 727.27 | 12.24 | 2.6 | 59.38 | 5.23 | 20.23 | 74.92 | 10.76 | -66.21 | 27000.0 | 8.81 | -70.38 | 2691.18 | 3.74 | -73.25 | 1970.0 | 1.61 | -66.8 | 906.25 | 0.14 | -6.67 | -30.0 | 17.41 | -54.26 | 369.27 | 191.01 | -2.76 | -13.7 | 48.66 | 255.75 | 100.7 | 51.34 | -40.56 | -99.28 | 7.19 | -21.51 | 43.51 |
| 23Q1 (14) | 2.65 | 349.15 | 636.11 | 11.93 | 24.27 | 23.12 | 4.35 | 13.87 | -12.65 | 31.84 | 306.12 | 507.63 | 29.74 | 307.96 | 606.41 | 13.98 | 262.18 | 480.08 | 4.85 | 219.08 | 375.49 | 0.15 | -11.76 | -21.05 | 38.06 | 199.92 | 328.6 | 196.44 | -9.29 | 2.39 | 13.68 | -71.92 | -85.58 | 86.37 | 68.41 | 1584.22 | 9.16 | 14.21 | 95.73 |
| 22Q4 (13) | 0.59 | 40.48 | -40.4 | 9.60 | 71.12 | -10.36 | 3.82 | 344.19 | -26.11 | 7.84 | 42.81 | -27.54 | 7.29 | 42.66 | -21.19 | 3.86 | 34.49 | -39.21 | 1.52 | 27.73 | -31.53 | 0.17 | -5.56 | -22.73 | 12.69 | 25.89 | -9.94 | 216.55 | -1.19 | 9.48 | 48.71 | 208.51 | 1.89 | 51.29 | -39.1 | -1.73 | 8.02 | 88.71 | 19.35 |
| 22Q3 (12) | 0.42 | 481.82 | 2000.0 | 5.61 | -26.95 | -34.15 | 0.86 | -71.24 | -78.97 | 5.49 | 13825.0 | 243.12 | 5.11 | 1602.94 | 443.62 | 2.87 | 1535.0 | 348.44 | 1.19 | 643.75 | 183.33 | 0.18 | -10.0 | -14.29 | 10.08 | 171.7 | 95.35 | 219.16 | -0.98 | -6.43 | 15.79 | 100.23 | -93.82 | 84.21 | -98.81 | 154.17 | 4.25 | -15.17 | -10.34 |
| 22Q2 (11) | -0.11 | -130.56 | -118.03 | 7.68 | -20.74 | -31.49 | 2.99 | -39.96 | -55.44 | -0.04 | -100.76 | -100.53 | -0.34 | -108.08 | -105.56 | -0.20 | -108.3 | -104.56 | 0.16 | -84.31 | -90.06 | 0.20 | 5.26 | -16.67 | 3.71 | -58.22 | -67.34 | 221.34 | 15.37 | 3.17 | -7000.00 | -7478.38 | -8016.84 | 7100.00 | 138350.0 | 61207.94 | 5.01 | 7.05 | 0.0 |
| 22Q1 (10) | 0.36 | -63.64 | -51.35 | 9.69 | -9.52 | -6.1 | 4.98 | -3.68 | -17.41 | 5.24 | -51.57 | -42.42 | 4.21 | -54.49 | -45.96 | 2.41 | -62.05 | -51.21 | 1.02 | -54.05 | -46.32 | 0.19 | -13.64 | -13.64 | 8.88 | -36.98 | -23.38 | 191.86 | -3.0 | -0.32 | 94.87 | 98.44 | 42.96 | 5.13 | -90.17 | -84.75 | 4.68 | -30.36 | -5.07 |
| 21Q4 (9) | 0.99 | 4850.0 | 153.85 | 10.71 | 25.7 | -4.29 | 5.17 | 26.41 | 52.06 | 10.82 | 576.25 | 57.96 | 9.25 | 884.04 | 66.37 | 6.35 | 892.19 | 86.76 | 2.22 | 428.57 | 56.34 | 0.22 | 4.76 | 0.0 | 14.09 | 173.06 | 48.32 | 197.80 | -15.55 | 12.35 | 47.81 | -81.28 | -3.35 | 52.19 | 133.57 | 3.83 | 6.72 | 41.77 | -30.15 |
| 21Q3 (8) | 0.02 | -96.72 | -93.1 | 8.52 | -24.0 | -12.97 | 4.09 | -39.05 | 2.51 | 1.60 | -78.92 | -71.22 | 0.94 | -84.62 | -79.25 | 0.64 | -85.42 | -73.88 | 0.42 | -73.91 | -61.82 | 0.21 | -12.5 | 0.0 | 5.16 | -54.58 | -39.08 | 234.22 | 9.17 | 37.37 | 255.45 | 188.91 | 255.18 | -155.45 | -1442.34 | -653.67 | 4.74 | -5.39 | -22.3 |
| 21Q2 (7) | 0.61 | -17.57 | 10.91 | 11.21 | 8.62 | 74.07 | 6.71 | 11.28 | 1358.7 | 7.59 | -16.59 | -7.33 | 6.11 | -21.57 | -24.38 | 4.39 | -11.13 | 10.86 | 1.61 | -15.26 | -9.55 | 0.24 | 9.09 | 26.32 | 11.36 | -1.98 | -2.66 | 214.54 | 11.47 | 38.39 | 88.42 | 33.24 | 1505.51 | 11.58 | -65.57 | -87.74 | 5.01 | 1.62 | -17.33 |
| 21Q1 (6) | 0.74 | 89.74 | 208.33 | 10.32 | -7.77 | 56.13 | 6.03 | 77.35 | 541.49 | 9.10 | 32.85 | 50.17 | 7.79 | 40.11 | 73.11 | 4.94 | 45.29 | 135.24 | 1.90 | 33.8 | 77.57 | 0.22 | 0.0 | 15.79 | 11.59 | 22.0 | 18.51 | 192.47 | 9.32 | 28.57 | 66.36 | 34.16 | 330.46 | 33.64 | -33.08 | -60.23 | 4.93 | -48.75 | -18.24 |
| 20Q4 (5) | 0.39 | 34.48 | 30.0 | 11.19 | 14.3 | 63.36 | 3.40 | -14.79 | 794.74 | 6.85 | 23.2 | 31.73 | 5.56 | 22.74 | 14.64 | 3.40 | 38.78 | 27.34 | 1.42 | 29.09 | 2.9 | 0.22 | 4.76 | 0.0 | 9.50 | 12.16 | 2.81 | 176.06 | 3.26 | 19.12 | 49.47 | -31.22 | 592.51 | 50.27 | 79.03 | -45.62 | 9.62 | 57.7 | 16.75 |
| 20Q3 (4) | 0.29 | -47.27 | 0.0 | 9.79 | 52.02 | 0.0 | 3.99 | 767.39 | 0.0 | 5.56 | -32.11 | 0.0 | 4.53 | -43.94 | 0.0 | 2.45 | -38.13 | 0.0 | 1.10 | -38.2 | 0.0 | 0.21 | 10.53 | 0.0 | 8.47 | -27.42 | 0.0 | 170.50 | 9.98 | 0.0 | 71.92 | 1205.97 | 0.0 | 28.08 | -70.29 | 0.0 | 6.10 | 0.66 | 0.0 |
| 20Q2 (3) | 0.55 | 129.17 | 0.0 | 6.44 | -2.57 | 0.0 | 0.46 | -51.06 | 0.0 | 8.19 | 35.15 | 0.0 | 8.08 | 79.56 | 0.0 | 3.96 | 88.57 | 0.0 | 1.78 | 66.36 | 0.0 | 0.19 | 0.0 | 0.0 | 11.67 | 19.33 | 0.0 | 155.03 | 3.56 | 0.0 | 5.51 | -64.28 | 0.0 | 94.49 | 11.72 | 0.0 | 6.06 | 0.5 | 0.0 |
| 20Q1 (2) | 0.24 | -20.0 | 0.0 | 6.61 | -3.5 | 0.0 | 0.94 | 147.37 | 0.0 | 6.06 | 16.54 | 0.0 | 4.50 | -7.22 | 0.0 | 2.10 | -21.35 | 0.0 | 1.07 | -22.46 | 0.0 | 0.19 | -13.64 | 0.0 | 9.78 | 5.84 | 0.0 | 149.70 | 1.29 | 0.0 | 15.42 | 115.83 | 0.0 | 84.58 | -8.5 | 0.0 | 6.03 | -26.82 | 0.0 |
| 19Q4 (1) | 0.30 | 0.0 | 0.0 | 6.85 | 0.0 | 0.0 | 0.38 | 0.0 | 0.0 | 5.20 | 0.0 | 0.0 | 4.85 | 0.0 | 0.0 | 2.67 | 0.0 | 0.0 | 1.38 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 9.24 | 0.0 | 0.0 | 147.80 | 0.0 | 0.0 | 7.14 | 0.0 | 0.0 | 92.44 | 0.0 | 0.0 | 8.24 | 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) | 3.91 | 215.32 | 13.15 | 61.55 | 5.82 | 84.18 | 3.65 | 51.78 | 13.54 | 198.24 | 11.84 | 197.49 | 21.65 | 143.53 | 8.54 | 117.3 | 0.62 | -15.07 | 19.72 | 125.89 | 181.76 | -16.07 | 42.96 | -38.3 | 57.04 | 88.32 | 0.65 | 25366.59 | 7.87 | 44.14 |
| 2022 (9) | 1.24 | -46.09 | 8.14 | -20.2 | 3.16 | -42.44 | 2.41 | 7.49 | 4.54 | -37.64 | 3.98 | -33.89 | 8.89 | -44.51 | 3.93 | -38.01 | 0.73 | -20.65 | 8.73 | -17.56 | 216.55 | 9.48 | 69.63 | -7.59 | 30.29 | 22.87 | 0.00 | 0 | 5.46 | 1.3 |
| 2021 (8) | 2.30 | 58.62 | 10.20 | 16.57 | 5.49 | 134.62 | 2.24 | 14.5 | 7.28 | 9.31 | 6.02 | 6.55 | 16.02 | 35.76 | 6.34 | 20.76 | 0.92 | 15.0 | 10.59 | 8.06 | 197.80 | 12.35 | 75.35 | 114.61 | 24.65 | -61.96 | 0.00 | 0 | 5.39 | -24.4 |
| 2020 (7) | 1.45 | 68.6 | 8.75 | 21.7 | 2.34 | 38.46 | 1.96 | -5.31 | 6.66 | 66.08 | 5.65 | 75.47 | 11.80 | 66.43 | 5.25 | 33.93 | 0.80 | -9.09 | 9.80 | 28.61 | 176.06 | 19.12 | 35.11 | -16.47 | 64.81 | 11.8 | 0.00 | 0 | 7.13 | 14.08 |
| 2019 (6) | 0.86 | 3.61 | 7.19 | 4.35 | 1.69 | -8.15 | 2.07 | 22.22 | 4.01 | 7.8 | 3.22 | 4.55 | 7.09 | -0.84 | 3.92 | 0.51 | 0.88 | -8.33 | 7.62 | 14.24 | 147.80 | -2.96 | 42.03 | -15.07 | 57.97 | 15.1 | 0.00 | -1.73 | 6.25 | 6.66 |
| 2018 (5) | 0.83 | 0.0 | 6.89 | -25.59 | 1.84 | -54.9 | 1.69 | -0.35 | 3.72 | -10.58 | 3.08 | -15.85 | 7.15 | -10.62 | 3.90 | -8.02 | 0.96 | 3.23 | 6.67 | -4.3 | 152.31 | 13.57 | 49.49 | -49.49 | 50.36 | 2407.3 | 0.00 | 0 | 5.86 | -1.51 |
| 2017 (4) | 0.83 | 1560.0 | 9.26 | 28.43 | 4.08 | 172.0 | 1.70 | -14.48 | 4.16 | 300.0 | 3.66 | 446.27 | 8.00 | 525.0 | 4.24 | 228.68 | 0.93 | 14.81 | 6.97 | 66.75 | 134.11 | -2.5 | 97.99 | -32.55 | 2.01 | 0 | 0.00 | 0 | 5.95 | -7.89 |
| 2016 (3) | 0.05 | 0 | 7.21 | 131.09 | 1.50 | 0 | 1.98 | 2.48 | 1.04 | 0 | 0.67 | 0 | 1.28 | 0 | 1.29 | 0 | 0.81 | -1.22 | 4.18 | 0 | 137.55 | 0.71 | 145.27 | 111.93 | -44.59 | 0 | 0.00 | 0 | 6.46 | 5.56 |
| 2015 (2) | -0.97 | 0 | 3.12 | -21.8 | -2.64 | 0 | 1.94 | 2.64 | -3.85 | 0 | -3.66 | 0 | -7.09 | 0 | -2.32 | 0 | 0.82 | -5.75 | -0.84 | 0 | 136.58 | 1.62 | 68.55 | 0 | 31.45 | -93.07 | 0.00 | 0 | 6.12 | 6.62 |
| 2014 (1) | 0.04 | -84.0 | 3.99 | 0 | -1.48 | 0 | 1.89 | 15.08 | 0.42 | 0 | 0.36 | 0 | 0.71 | 0 | 0.95 | 0 | 0.87 | -12.12 | 3.25 | -0.61 | 134.40 | 16.38 | -352.24 | 0 | 453.73 | 99.59 | 0.00 | 0 | 5.74 | -3.2 |
