- 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) | 0.66 | -22.35 | -27.47 | 15.22 | -0.13 | -7.08 | 7.28 | 0.14 | 8.82 | 9.36 | -24.82 | -16.58 | 6.45 | -20.86 | -20.76 | 1.56 | -24.27 | -31.58 | 1.17 | -23.03 | -30.77 | 0.17 | -5.56 | -15.0 | 15.10 | -16.76 | -14.11 | 37.28 | -10.51 | -4.56 | 77.69 | 33.07 | 30.18 | 22.31 | -46.39 | -44.95 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.85 | 3.66 | 107.32 | 15.24 | -3.61 | 41.11 | 7.27 | -3.32 | 113.82 | 12.45 | 12.57 | 107.5 | 8.15 | 3.16 | 101.23 | 2.06 | 4.04 | 100.0 | 1.52 | 2.01 | 92.41 | 0.18 | 0.0 | 0.0 | 18.14 | 6.14 | 39.54 | 41.66 | 7.37 | 2.94 | 58.38 | -13.94 | 3.46 | 41.62 | 30.31 | -4.48 | 25.43 | 2.09 | 7.66 |
| 24Q1 (18) | 0.82 | 64.0 | 645.45 | 15.81 | 0.7 | 79.46 | 7.52 | -5.41 | 553.91 | 11.06 | 43.45 | 453.0 | 7.90 | 73.25 | 645.28 | 1.98 | 60.98 | 661.54 | 1.49 | 60.22 | 520.83 | 0.18 | -5.26 | 0.0 | 17.09 | 26.03 | 85.36 | 38.80 | -5.89 | -1.05 | 67.84 | -34.13 | 16.51 | 31.94 | 1169.93 | -25.79 | 24.91 | 4.75 | 3.23 |
| 23Q4 (17) | 0.50 | -45.05 | 19.05 | 15.70 | -4.15 | 11.27 | 7.95 | 18.83 | 11.66 | 7.71 | -31.28 | 8.44 | 4.56 | -43.98 | 26.32 | 1.23 | -46.05 | 16.04 | 0.93 | -44.97 | 20.78 | 0.19 | -5.0 | -9.52 | 13.56 | -22.87 | 2.57 | 41.23 | 5.56 | -2.85 | 102.99 | 72.57 | 2.67 | -2.99 | -107.37 | -885.07 | 23.78 | 4.02 | 8.24 |
| 23Q3 (16) | 0.91 | 121.95 | 75.0 | 16.38 | 51.67 | 114.68 | 6.69 | 96.76 | 725.93 | 11.22 | 87.0 | 85.15 | 8.14 | 100.99 | 68.53 | 2.28 | 121.36 | 72.73 | 1.69 | 113.92 | 81.72 | 0.20 | 11.11 | 5.26 | 17.58 | 35.23 | 35.96 | 39.06 | -3.48 | -9.77 | 59.68 | 5.75 | 341.61 | 40.52 | -6.99 | -53.14 | 22.86 | -3.22 | 0.53 |
| 23Q2 (15) | 0.41 | 272.73 | 36.67 | 10.80 | 22.59 | 35.85 | 3.40 | 195.65 | 314.63 | 6.00 | 200.0 | 73.41 | 4.05 | 282.08 | 46.74 | 1.03 | 296.15 | 33.77 | 0.79 | 229.17 | 43.64 | 0.18 | 0.0 | -5.26 | 13.00 | 41.0 | 26.95 | 40.47 | 3.21 | -17.21 | 56.43 | -3.08 | 135.13 | 43.57 | 1.23 | -43.17 | 23.62 | -2.11 | 4.24 |
| 23Q1 (14) | 0.11 | -73.81 | 1000.0 | 8.81 | -37.56 | 112.8 | 1.15 | -83.85 | 138.98 | 2.00 | -71.87 | 2400.0 | 1.06 | -70.64 | 1666.67 | 0.26 | -75.47 | 1200.0 | 0.24 | -68.83 | 700.0 | 0.18 | -14.29 | -5.26 | 9.22 | -30.26 | 37.61 | 39.21 | -7.61 | -15.33 | 58.23 | -41.95 | 101.82 | 43.04 | 14302.53 | -98.7 | 24.13 | 9.83 | 8.16 |
| 22Q4 (13) | 0.42 | -19.23 | 1150.0 | 14.11 | 84.93 | 181.64 | 7.12 | 779.01 | 562.34 | 7.11 | 17.33 | 1612.77 | 3.61 | -25.26 | 1228.12 | 1.06 | -19.7 | 1160.0 | 0.77 | -17.2 | 1640.0 | 0.21 | 10.53 | 0.0 | 13.22 | 2.24 | 146.64 | 42.44 | -1.96 | -18.42 | 100.30 | 642.24 | -70.18 | -0.30 | -100.35 | 99.87 | 21.97 | -3.39 | 3.88 |
| 22Q3 (12) | 0.52 | 73.33 | -35.0 | 7.63 | -4.03 | 25.91 | 0.81 | -1.22 | 189.01 | 6.06 | 75.14 | -24.81 | 4.83 | 75.0 | -27.15 | 1.32 | 71.43 | -36.84 | 0.93 | 69.09 | -33.09 | 0.19 | 0.0 | -9.52 | 12.93 | 26.27 | -6.91 | 43.29 | -11.44 | -18.43 | 13.51 | -43.69 | 218.86 | 86.49 | 12.81 | -22.16 | 22.74 | 0.35 | 4.5 |
| 22Q2 (11) | 0.30 | 2900.0 | 36.36 | 7.95 | 92.03 | -1.49 | 0.82 | 127.8 | 22.39 | 3.46 | 4225.0 | 1.47 | 2.76 | 4500.0 | 35.96 | 0.77 | 3750.0 | 32.76 | 0.55 | 1733.33 | 34.15 | 0.19 | 0.0 | 0.0 | 10.24 | 52.84 | 4.07 | 48.88 | 5.55 | -3.89 | 24.00 | 100.75 | 24.14 | 76.67 | -97.68 | -4.17 | 22.66 | 1.57 | -2.45 |
| 22Q1 (10) | 0.01 | 125.0 | 107.14 | 4.14 | -17.37 | -29.35 | -2.95 | -91.56 | -28.82 | 0.08 | 117.02 | 106.4 | 0.06 | 118.75 | 104.76 | 0.02 | 120.0 | 105.71 | 0.03 | 160.0 | 113.64 | 0.19 | -9.52 | 0.0 | 6.70 | 25.0 | 22.71 | 46.31 | -10.98 | -3.8 | -3200.00 | -1051.35 | -1830.61 | 3300.00 | 1523.53 | 3986.67 | 22.31 | 5.48 | -7.85 |
| 21Q4 (9) | -0.04 | -105.0 | -116.0 | 5.01 | -17.33 | -32.93 | -1.54 | -69.23 | -165.52 | -0.47 | -105.83 | -200.0 | -0.32 | -104.83 | -113.62 | -0.10 | -104.78 | -115.15 | -0.05 | -103.6 | -110.64 | 0.21 | 0.0 | 10.53 | 5.36 | -61.41 | -26.07 | 52.02 | -1.98 | 11.04 | 336.36 | 3058.47 | 380.3 | -231.82 | -308.64 | -203.03 | 21.15 | -2.8 | -12.13 |
| 21Q3 (8) | 0.80 | 263.64 | 1042.86 | 6.06 | -24.91 | 10.18 | -0.91 | -235.82 | -403.33 | 8.06 | 136.36 | 524.81 | 6.63 | 226.6 | 833.8 | 2.09 | 260.34 | 1061.11 | 1.39 | 239.02 | 826.67 | 0.21 | 10.53 | 16.67 | 13.89 | 41.16 | 58.74 | 53.07 | 4.35 | 22.37 | -11.37 | -158.81 | -147.37 | 111.11 | 38.89 | 46.2 | 21.76 | -6.33 | -5.39 |
| 21Q2 (7) | 0.22 | 257.14 | 181.48 | 8.07 | 37.71 | 287.98 | 0.67 | 129.26 | 117.77 | 3.41 | 372.8 | 221.79 | 2.03 | 261.11 | 158.33 | 0.58 | 265.71 | 182.86 | 0.41 | 286.36 | 191.11 | 0.19 | 0.0 | 35.71 | 9.84 | 80.22 | 48.64 | 50.86 | 5.65 | 17.19 | 19.33 | -89.54 | -85.67 | 80.00 | 194.22 | 329.33 | 23.23 | -4.05 | 0 |
| 21Q1 (6) | -0.14 | -156.0 | -333.33 | 5.86 | -21.55 | -12.41 | -2.29 | -294.83 | -2181.82 | -1.25 | -365.96 | -227.55 | -1.26 | -153.62 | -306.56 | -0.35 | -153.03 | -318.75 | -0.22 | -146.81 | -246.67 | 0.19 | 0.0 | 5.56 | 5.46 | -24.69 | -32.59 | 48.14 | 2.75 | 7.29 | 184.91 | 254.09 | 1416.23 | -84.91 | -137.74 | -196.7 | 24.21 | 0.58 | -1.94 |
| 20Q4 (5) | 0.25 | 257.14 | -45.65 | 7.47 | 35.82 | -11.18 | -0.58 | -293.33 | -127.23 | 0.47 | -63.57 | -83.96 | 2.35 | 230.99 | -44.18 | 0.66 | 266.67 | -43.59 | 0.47 | 213.33 | -43.37 | 0.19 | 5.56 | 0.0 | 7.25 | -17.14 | -24.08 | 46.85 | 8.02 | 0.09 | -120.00 | -600.0 | -263.87 | 225.00 | 196.05 | 716.43 | 24.07 | 4.65 | 1.22 |
| 20Q3 (4) | 0.07 | 125.93 | 0.0 | 5.50 | 164.42 | 0.0 | 0.30 | 107.96 | 0.0 | 1.29 | 146.07 | 0.0 | 0.71 | 120.4 | 0.0 | 0.18 | 125.71 | 0.0 | 0.15 | 133.33 | 0.0 | 0.18 | 28.57 | 0.0 | 8.75 | 32.18 | 0.0 | 43.37 | -0.07 | 0.0 | 24.00 | -82.21 | 0.0 | 76.00 | 317.87 | 0.0 | 23.00 | 0 | 0.0 |
| 20Q2 (3) | -0.27 | -550.0 | 0.0 | 2.08 | -68.91 | 0.0 | -3.77 | -3527.27 | 0.0 | -2.80 | -385.71 | 0.0 | -3.48 | -670.49 | 0.0 | -0.70 | -537.5 | 0.0 | -0.45 | -400.0 | 0.0 | 0.14 | -22.22 | 0.0 | 6.62 | -18.27 | 0.0 | 43.40 | -3.28 | 0.0 | 134.88 | 1006.05 | 0.0 | -34.88 | -139.73 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.06 | -86.96 | 0.0 | 6.69 | -20.45 | 0.0 | 0.11 | -94.84 | 0.0 | 0.98 | -66.55 | 0.0 | 0.61 | -85.51 | 0.0 | 0.16 | -86.32 | 0.0 | 0.15 | -81.93 | 0.0 | 0.18 | -5.26 | 0.0 | 8.10 | -15.18 | 0.0 | 44.87 | -4.14 | 0.0 | 12.20 | -83.35 | 0.0 | 87.80 | 218.61 | 0.0 | 24.69 | 3.83 | 0.0 |
| 19Q4 (1) | 0.46 | 0.0 | 0.0 | 8.41 | 0.0 | 0.0 | 2.13 | 0.0 | 0.0 | 2.93 | 0.0 | 0.0 | 4.21 | 0.0 | 0.0 | 1.17 | 0.0 | 0.0 | 0.83 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 9.55 | 0.0 | 0.0 | 46.81 | 0.0 | 0.0 | 73.23 | 0.0 | 0.0 | 27.56 | 0.0 | 0.0 | 23.78 | 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) | 1.92 | 53.6 | 13.07 | 52.69 | 4.91 | 216.77 | 6.23 | -3.01 | 6.88 | 63.03 | 4.55 | 61.35 | 4.77 | 49.53 | 3.57 | 57.27 | 0.74 | -3.9 | 13.46 | 24.63 | 41.23 | -2.85 | 71.44 | 94.43 | 28.56 | -54.85 | 0.00 | 0 | 23.58 | 5.22 |
| 2022 (9) | 1.25 | 47.06 | 8.56 | 37.62 | 1.55 | 0 | 6.43 | 6.06 | 4.22 | 66.8 | 2.82 | 52.43 | 3.19 | 44.34 | 2.27 | 46.45 | 0.77 | -3.75 | 10.80 | 24.0 | 42.44 | -18.42 | 36.74 | 0 | 63.26 | -54.86 | 0.00 | 0 | 22.41 | -0.53 |
| 2021 (8) | 0.85 | 608.33 | 6.22 | 9.51 | -1.02 | 0 | 6.06 | -17.52 | 2.53 | 1481.25 | 1.85 | 516.67 | 2.21 | 662.07 | 1.55 | 384.38 | 0.80 | 19.4 | 8.71 | 12.68 | 52.02 | 11.04 | -40.35 | 0 | 140.13 | -76.33 | 0.00 | 0 | 22.53 | -8.45 |
| 2020 (7) | 0.12 | -92.77 | 5.68 | -27.27 | -0.81 | 0 | 7.35 | 23.12 | 0.16 | -96.57 | 0.30 | -91.89 | 0.29 | -93.14 | 0.32 | -89.58 | 0.67 | -12.99 | 7.73 | -29.54 | 46.85 | 0.09 | -496.00 | 0 | 592.00 | 822.37 | 0.00 | 0 | 24.61 | 4.63 |
| 2019 (6) | 1.66 | 304.88 | 7.81 | -24.1 | 1.67 | -62.39 | 5.97 | 12.4 | 4.66 | 150.54 | 3.70 | 362.5 | 4.23 | 310.68 | 3.07 | 256.98 | 0.77 | -7.23 | 10.97 | 47.05 | 46.81 | -5.93 | 35.82 | -84.99 | 64.18 | 0 | 0.00 | 0 | 23.52 | 6.67 |
| 2018 (5) | 0.41 | -89.15 | 10.29 | -26.08 | 4.44 | -48.43 | 5.31 | 10.8 | 1.86 | -80.38 | 0.80 | -87.36 | 1.03 | -88.85 | 0.86 | -85.83 | 0.83 | -10.75 | 7.46 | -48.45 | 49.76 | -10.94 | 238.67 | 162.83 | -138.67 | 0 | 0.00 | 0 | 22.05 | -0.9 |
| 2017 (4) | 3.78 | -39.62 | 13.92 | -23.98 | 8.61 | -31.72 | 4.79 | 4.95 | 9.48 | -31.65 | 6.33 | -38.3 | 9.24 | -39.8 | 6.07 | -39.18 | 0.93 | -3.12 | 14.47 | -22.2 | 55.87 | -1.32 | 90.81 | -0.11 | 9.19 | 1.09 | 0.00 | 0 | 22.25 | -1.02 |
| 2016 (3) | 6.26 | 25.96 | 18.31 | 24.39 | 12.61 | 38.42 | 4.57 | 17.48 | 13.87 | 22.42 | 10.26 | 21.42 | 15.35 | 22.7 | 9.98 | 24.59 | 0.96 | 3.23 | 18.60 | 21.09 | 56.62 | 3.08 | 90.91 | 13.02 | 9.09 | -53.52 | 0.00 | 0 | 22.48 | 5.14 |
| 2015 (2) | 4.97 | 11.69 | 14.72 | 8.55 | 9.11 | 16.5 | 3.89 | 1.34 | 11.33 | 2.91 | 8.45 | 3.3 | 12.51 | 2.88 | 8.01 | 3.35 | 0.93 | 0.0 | 15.36 | 2.2 | 54.93 | -11.15 | 80.44 | 13.22 | 19.56 | -32.44 | 0.00 | 0 | 21.38 | 5.95 |
| 2014 (1) | 4.45 | 1.37 | 13.56 | 0 | 7.82 | 0 | 3.83 | -10.18 | 11.01 | 0 | 8.18 | 0 | 12.16 | 0 | 7.75 | 0 | 0.93 | 1.09 | 15.03 | -7.16 | 61.82 | 6.83 | 71.04 | -8.26 | 28.96 | 28.38 | 0.00 | 0 | 20.18 | 1.51 |
