- 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) | 0.31 | -86.22 | -59.21 | 13.15 | -9.19 | 81.88 | -12.90 | -53.57 | 23.35 | 41.51 | -81.58 | -57.97 | 44.27 | -80.06 | -53.96 | 1.45 | -87.02 | -65.48 | 1.34 | -86.93 | -65.19 | 0.03 | -40.0 | -25.0 | 45.71 | -79.96 | -55.05 | 5.78 | -53.08 | -7.81 | -31.82 | -744.41 | -86.14 | 129.55 | 24.84 | 10.63 | 36.73 | 25.92 | 13.05 |
| 24Q2 (19) | 2.25 | 448.78 | 262.9 | 14.48 | 52.42 | 126.6 | -8.40 | -96.26 | 2.44 | 225.39 | 313.64 | 158.24 | 222.03 | 319.8 | 149.58 | 11.17 | 421.96 | 220.06 | 10.25 | 404.93 | 219.31 | 0.05 | 25.0 | 25.0 | 228.10 | 298.36 | 152.1 | 12.32 | 132.45 | 4.94 | -3.77 | 51.77 | 61.48 | 103.77 | -3.75 | -5.48 | 29.17 | 32.47 | 15.66 |
| 24Q1 (18) | 0.41 | 17.14 | -30.51 | 9.50 | -12.36 | 34.18 | -4.28 | -997.44 | 29.61 | 54.49 | 36.19 | -23.38 | 52.89 | 29.0 | -27.48 | 2.14 | 13.23 | -37.24 | 2.03 | 14.04 | -36.76 | 0.04 | 0.0 | 0.0 | 57.26 | 32.92 | -22.6 | 5.30 | -10.32 | -7.83 | -7.81 | -306.25 | 1.79 | 107.81 | 7.81 | -0.13 | 22.02 | 13.16 | 12.0 |
| 23Q4 (17) | 0.35 | -53.95 | -31.37 | 10.84 | 49.93 | 715.91 | -0.39 | 97.68 | 97.49 | 40.01 | -59.49 | -44.21 | 41.00 | -57.36 | -46.23 | 1.89 | -55.0 | -38.03 | 1.78 | -53.77 | -37.76 | 0.04 | 0.0 | 0.0 | 43.08 | -57.63 | -42.93 | 5.91 | -5.74 | -7.37 | -1.92 | 88.75 | 91.23 | 100.00 | -14.6 | -17.98 | 19.46 | -40.1 | -16.27 |
| 23Q3 (16) | 0.76 | 22.58 | -1.3 | 7.23 | 13.15 | -36.86 | -16.83 | -95.47 | -248.45 | 98.77 | 13.16 | 19.91 | 96.15 | 8.08 | 16.53 | 4.20 | 20.34 | -11.39 | 3.85 | 19.94 | -11.29 | 0.04 | 0.0 | -20.0 | 101.68 | 12.38 | 20.47 | 6.27 | -46.59 | -5.14 | -17.09 | -74.74 | -183.27 | 117.09 | 6.66 | 10.43 | 32.49 | 28.83 | 44.85 |
| 23Q2 (15) | 0.62 | 5.08 | 100.0 | 6.39 | -9.75 | -65.16 | -8.61 | -41.61 | -202.26 | 87.28 | 22.72 | 189.87 | 88.96 | 21.98 | 218.28 | 3.49 | 2.35 | 80.83 | 3.21 | 0.0 | 81.36 | 0.04 | 0.0 | -33.33 | 90.48 | 22.3 | 181.52 | 11.74 | 104.17 | -1.18 | -9.78 | -22.98 | -135.64 | 109.78 | 1.69 | 55.53 | 25.22 | 28.28 | 81.96 |
| 23Q1 (14) | 0.59 | 15.69 | 96.67 | 7.08 | 502.27 | -36.95 | -6.08 | 60.82 | -753.76 | 71.12 | -0.82 | 153.1 | 72.93 | -4.35 | 158.71 | 3.41 | 11.8 | 84.32 | 3.21 | 12.24 | 83.43 | 0.04 | 0.0 | -33.33 | 73.98 | -2.0 | 143.12 | 5.75 | -9.87 | -4.96 | -7.95 | 63.71 | -278.98 | 107.95 | -11.45 | 10.41 | 19.66 | -15.4 | 41.74 |
| 22Q4 (13) | 0.51 | -33.77 | 96.15 | -1.76 | -115.37 | -112.36 | -15.52 | -221.33 | -386.35 | 71.71 | -12.94 | 216.6 | 76.25 | -7.59 | 244.55 | 3.05 | -35.65 | 85.98 | 2.86 | -34.1 | 86.93 | 0.04 | -20.0 | -42.86 | 75.49 | -10.56 | 203.66 | 6.38 | -3.48 | -1.54 | -21.92 | -263.21 | -187.67 | 121.92 | 14.98 | 57.31 | 23.24 | 3.61 | 81.99 |
| 22Q3 (12) | 0.77 | 148.39 | 175.0 | 11.45 | -37.57 | 1.87 | -4.83 | -157.36 | -424.16 | 82.37 | 173.56 | 211.42 | 82.51 | 195.21 | 211.24 | 4.74 | 145.6 | 173.99 | 4.34 | 145.2 | 166.26 | 0.05 | -16.67 | -16.67 | 84.40 | 162.6 | 196.35 | 6.61 | -44.36 | -2.79 | -6.03 | -121.98 | -226.72 | 106.03 | 50.22 | 14.19 | 22.43 | 61.83 | 60.21 |
| 22Q2 (11) | 0.31 | 3.33 | 10.71 | 18.34 | 63.31 | 9.3 | 8.42 | 805.38 | 26.24 | 30.11 | 7.15 | 6.85 | 27.95 | -0.85 | 2.98 | 1.93 | 4.32 | 11.56 | 1.77 | 1.14 | 8.59 | 0.06 | 0.0 | 0.0 | 32.14 | 5.62 | 6.67 | 11.88 | 96.36 | 92.86 | 27.45 | 517.65 | 20.78 | 70.59 | -27.81 | -5.88 | 13.86 | -0.07 | -5.33 |
| 22Q1 (10) | 0.30 | 15.38 | 30.43 | 11.23 | -21.14 | -17.06 | 0.93 | -82.84 | -65.81 | 28.10 | 24.06 | 8.45 | 28.19 | 27.38 | 10.42 | 1.85 | 12.8 | 28.47 | 1.75 | 14.38 | 28.68 | 0.06 | -14.29 | 20.0 | 30.43 | 22.41 | 7.3 | 6.05 | -6.64 | 1.17 | 4.44 | -82.22 | -61.11 | 97.78 | 26.16 | 10.39 | 13.87 | 8.61 | -5.26 |
| 21Q4 (9) | 0.26 | -7.14 | -23.53 | 14.24 | 26.69 | 4.17 | 5.42 | 263.76 | 93.57 | 22.65 | -14.37 | -43.39 | 22.13 | -16.52 | -44.65 | 1.64 | -5.2 | -25.79 | 1.53 | -6.13 | -26.44 | 0.07 | 16.67 | 40.0 | 24.86 | -12.71 | -43.18 | 6.48 | -4.71 | 4.68 | 25.00 | 425.0 | 218.75 | 77.50 | -16.54 | -17.66 | 12.77 | -8.79 | -20.68 |
| 21Q3 (8) | 0.28 | 0.0 | 133.33 | 11.24 | -33.02 | -3.85 | 1.49 | -77.66 | -11.31 | 26.45 | -6.14 | 65.93 | 26.51 | -2.32 | 67.68 | 1.73 | 0.0 | 121.79 | 1.63 | 0.0 | 126.39 | 0.06 | 0.0 | 20.0 | 28.48 | -5.48 | 38.66 | 6.80 | 10.39 | 1.64 | 4.76 | -79.05 | -57.14 | 92.86 | 23.81 | 4.46 | 14.00 | -4.37 | -18.51 |
| 21Q2 (7) | 0.28 | 21.74 | 460.0 | 16.78 | 23.93 | 11.57 | 6.67 | 145.22 | 49.22 | 28.18 | 8.76 | 249.63 | 27.14 | 6.31 | 296.78 | 1.73 | 20.14 | 458.06 | 1.63 | 19.85 | 462.07 | 0.06 | 20.0 | 50.0 | 30.13 | 6.24 | 143.38 | 6.16 | 3.01 | -40.6 | 22.73 | 98.86 | -63.64 | 75.00 | -15.32 | 50.0 | 14.64 | 0.0 | -21.67 |
| 21Q1 (6) | 0.23 | -32.35 | 130.0 | 13.54 | -0.95 | -11.1 | 2.72 | -2.86 | -50.36 | 25.91 | -35.24 | 102.74 | 25.53 | -36.14 | 115.44 | 1.44 | -34.84 | 114.93 | 1.36 | -34.62 | 115.87 | 0.05 | 0.0 | 0.0 | 28.36 | -35.18 | 68.91 | 5.98 | -3.39 | -11.28 | 11.43 | 45.71 | -72.24 | 88.57 | -5.89 | 50.57 | 14.64 | -9.07 | -1.55 |
| 20Q4 (5) | 0.34 | 183.33 | 61.9 | 13.67 | 16.94 | 36.43 | 2.80 | 66.67 | 188.66 | 40.01 | 151.0 | 89.26 | 39.98 | 152.88 | 88.58 | 2.21 | 183.33 | 57.86 | 2.08 | 188.89 | 58.78 | 0.05 | 0.0 | -16.67 | 43.75 | 113.0 | 78.57 | 6.19 | -7.47 | -7.47 | 7.84 | -29.41 | 150.98 | 94.12 | 5.88 | 0.39 | 16.10 | -6.29 | 18.47 |
| 20Q3 (4) | 0.12 | 140.0 | 0.0 | 11.69 | -22.27 | 0.0 | 1.68 | -62.42 | 0.0 | 15.94 | 97.77 | 0.0 | 15.81 | 131.14 | 0.0 | 0.78 | 151.61 | 0.0 | 0.72 | 148.28 | 0.0 | 0.05 | 25.0 | 0.0 | 20.54 | 65.91 | 0.0 | 6.69 | -35.49 | 0.0 | 11.11 | -82.22 | 0.0 | 88.89 | 77.78 | 0.0 | 17.18 | -8.08 | 0.0 |
| 20Q2 (3) | 0.05 | -50.0 | 0.0 | 15.04 | -1.25 | 0.0 | 4.47 | -18.43 | 0.0 | 8.06 | -36.93 | 0.0 | 6.84 | -42.28 | 0.0 | 0.31 | -53.73 | 0.0 | 0.29 | -53.97 | 0.0 | 0.04 | -20.0 | 0.0 | 12.38 | -26.27 | 0.0 | 10.37 | 53.86 | 0.0 | 62.50 | 51.79 | 0.0 | 50.00 | -15.0 | 0.0 | 18.69 | 25.69 | 0.0 |
| 20Q1 (2) | 0.10 | -52.38 | 0.0 | 15.23 | 52.0 | 0.0 | 5.48 | 464.95 | 0.0 | 12.78 | -39.55 | 0.0 | 11.85 | -44.1 | 0.0 | 0.67 | -52.14 | 0.0 | 0.63 | -51.91 | 0.0 | 0.05 | -16.67 | 0.0 | 16.79 | -31.47 | 0.0 | 6.74 | 0.75 | 0.0 | 41.18 | 1217.65 | 0.0 | 58.82 | -37.25 | 0.0 | 14.87 | 9.42 | 0.0 |
| 19Q4 (1) | 0.21 | 0.0 | 0.0 | 10.02 | 0.0 | 0.0 | 0.97 | 0.0 | 0.0 | 21.14 | 0.0 | 0.0 | 21.20 | 0.0 | 0.0 | 1.40 | 0.0 | 0.0 | 1.31 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | 24.50 | 0.0 | 0.0 | 6.69 | 0.0 | 0.0 | 3.12 | 0.0 | 0.0 | 93.75 | 0.0 | 0.0 | 13.59 | 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) | 2.32 | 22.75 | 7.99 | -27.76 | -7.77 | 0 | 3.15 | 28.53 | 73.09 | 46.77 | 73.55 | 47.01 | 12.90 | 13.06 | 12.16 | 13.43 | 0.17 | -19.05 | 76.47 | 46.05 | 5.91 | -7.37 | -10.63 | 0 | 110.63 | 7.98 | 0.00 | 0 | 24.03 | 36.22 |
| 2022 (9) | 1.89 | 81.73 | 11.06 | -20.77 | -1.21 | 0 | 2.45 | 9.46 | 49.80 | 93.85 | 50.03 | 98.45 | 11.41 | 72.62 | 10.72 | 72.35 | 0.21 | -16.0 | 52.36 | 88.07 | 6.38 | -1.54 | -2.46 | 0 | 102.46 | 21.43 | 0.00 | 0 | 17.64 | 26.45 |
| 2021 (8) | 1.04 | 70.49 | 13.96 | 0.22 | 4.16 | 14.29 | 2.24 | -43.88 | 25.69 | 29.81 | 25.21 | 31.17 | 6.61 | 67.77 | 6.22 | 68.11 | 0.25 | 31.58 | 27.84 | 17.27 | 6.48 | 4.68 | 16.25 | -10.15 | 84.38 | 3.0 | 0.00 | 0 | 13.95 | -15.91 |
| 2020 (7) | 0.61 | -4.69 | 13.93 | 23.27 | 3.64 | 52.3 | 3.99 | 24.58 | 19.79 | 19.43 | 19.22 | 18.2 | 3.94 | -5.74 | 3.70 | -5.37 | 0.19 | -20.83 | 23.74 | 19.3 | 6.19 | -7.47 | 18.09 | 26.6 | 81.91 | -4.43 | 0.00 | 0 | 16.59 | 20.48 |
| 2019 (6) | 0.64 | -15.79 | 11.30 | 1.07 | 2.39 | -17.59 | 3.20 | 13.32 | 16.57 | -4.72 | 16.26 | -5.41 | 4.18 | -17.23 | 3.91 | -16.99 | 0.24 | -11.11 | 19.90 | -0.95 | 6.69 | -3.04 | 14.29 | -12.03 | 85.71 | 3.39 | 0.00 | 0 | 13.77 | 15.33 |
| 2018 (5) | 0.76 | 58.33 | 11.18 | -27.45 | 2.90 | -58.03 | 2.83 | 4.3 | 17.39 | 43.84 | 17.19 | 56.27 | 5.05 | 56.83 | 4.71 | 57.53 | 0.27 | 0.0 | 20.09 | 34.74 | 6.90 | -7.13 | 16.24 | -71.76 | 82.91 | 95.07 | 0.00 | 0 | 11.94 | 8.05 |
| 2017 (4) | 0.48 | -26.15 | 15.41 | -25.81 | 6.91 | -38.58 | 2.71 | -6.33 | 12.09 | -32.04 | 11.00 | -30.77 | 3.22 | -26.48 | 2.99 | -26.17 | 0.27 | 3.85 | 14.91 | -28.11 | 7.43 | -8.72 | 57.50 | -8.82 | 42.50 | 15.06 | 0.00 | 0 | 11.05 | -7.99 |
| 2016 (3) | 0.65 | 41.3 | 20.77 | 28.13 | 11.25 | 55.6 | 2.89 | 5.95 | 17.79 | 48.25 | 15.89 | 50.33 | 4.38 | 41.29 | 4.05 | 41.11 | 0.26 | -3.7 | 20.74 | 40.9 | 8.14 | 3.17 | 63.06 | 3.79 | 36.94 | -5.87 | 0.00 | 0 | 12.01 | 5.17 |
| 2015 (2) | 0.46 | -24.59 | 16.21 | -3.17 | 7.23 | -13.93 | 2.73 | 2.29 | 12.00 | -15.31 | 10.57 | -14.0 | 3.10 | -24.39 | 2.87 | -24.47 | 0.27 | -12.9 | 14.72 | -12.49 | 7.89 | -1.5 | 60.76 | 2.23 | 39.24 | -3.27 | 0.00 | 0 | 11.42 | 14.43 |
| 2014 (1) | 0.61 | 19.61 | 16.74 | 0 | 8.40 | 0 | 2.67 | -11.88 | 14.17 | 0 | 12.29 | 0 | 4.10 | 0 | 3.80 | 0 | 0.31 | 14.81 | 16.82 | 5.72 | 8.01 | 9.43 | 59.43 | 14.82 | 40.57 | -15.9 | 0.00 | 0 | 9.98 | -5.58 |
