- 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) | 1.46 | -1.35 | 58.7 | 40.55 | 2.58 | 10.46 | 16.19 | 47.85 | 206.05 | 16.01 | 6.8 | 45.94 | 16.01 | 7.88 | 45.94 | 11.03 | 17.47 | 57.35 | 4.29 | 23.99 | 71.6 | 0.26 | 18.18 | 23.81 | 19.62 | 1.45 | 22.01 | 157.14 | -13.29 | -19.51 | 100.00 | 39.39 | 115.38 | -1.69 | -106.5 | -103.16 | 18.61 | -13.44 | -18.09 |
| 24Q2 (19) | 1.48 | 62.64 | -16.85 | 39.53 | 15.01 | 8.24 | 10.95 | 212.86 | 97.3 | 14.99 | 35.29 | -4.76 | 14.84 | 33.94 | -5.72 | 9.39 | 48.81 | -20.83 | 3.46 | 49.78 | -7.98 | 0.22 | 15.79 | -4.35 | 19.34 | 16.51 | -7.02 | 181.22 | -7.56 | -15.97 | 71.74 | 123.19 | 105.65 | 26.09 | -61.56 | -59.94 | 21.50 | -14.48 | 0.66 |
| 24Q1 (18) | 0.91 | 65.45 | 19.74 | 34.37 | -12.14 | 0.5 | 3.50 | -64.32 | -38.49 | 11.08 | 49.93 | 65.37 | 11.08 | 116.83 | 65.37 | 6.31 | 77.25 | 22.29 | 2.31 | 65.0 | 39.16 | 0.19 | -17.39 | -13.64 | 16.60 | 28.38 | 38.1 | 196.04 | -4.46 | -22.86 | 32.14 | -75.62 | -63.57 | 67.86 | 313.27 | 284.52 | 25.14 | 15.22 | 10.41 |
| 23Q4 (17) | 0.55 | -40.22 | 41.03 | 39.12 | 6.56 | 9.58 | 9.81 | 85.44 | 40.75 | 7.39 | -32.63 | 119.29 | 5.11 | -53.42 | 67.54 | 3.56 | -49.22 | 37.45 | 1.40 | -44.0 | 53.85 | 0.23 | 9.52 | 0.0 | 12.93 | -19.59 | 52.3 | 205.20 | 5.11 | -19.52 | 131.82 | 183.92 | -37.56 | -31.82 | -159.39 | 71.36 | 21.82 | -3.96 | 6.44 |
| 23Q3 (16) | 0.92 | -48.31 | -35.66 | 36.71 | 0.52 | 11.82 | 5.29 | -4.68 | 114.17 | 10.97 | -30.3 | -29.27 | 10.97 | -30.3 | -29.27 | 7.01 | -40.89 | -40.69 | 2.50 | -33.51 | -20.89 | 0.21 | -8.7 | 10.53 | 16.08 | -22.69 | -23.97 | 195.23 | -9.47 | -31.66 | 46.43 | 33.1 | 170.83 | 53.57 | -17.73 | -37.5 | 22.72 | 6.37 | -2.74 |
| 23Q2 (15) | 1.78 | 134.21 | 85.42 | 36.52 | 6.78 | 19.35 | 5.55 | -2.46 | 82.57 | 15.74 | 134.93 | 56.77 | 15.74 | 134.93 | 57.4 | 11.86 | 129.84 | 42.21 | 3.76 | 126.51 | 69.37 | 0.23 | 4.55 | 15.0 | 20.80 | 73.04 | 34.37 | 215.65 | -15.14 | -31.29 | 34.88 | -60.47 | 19.6 | 65.12 | 268.99 | -8.07 | 21.36 | -6.19 | 0.85 |
| 23Q1 (14) | 0.76 | 94.87 | 80.95 | 34.20 | -4.2 | 23.82 | 5.69 | -18.36 | 207.97 | 6.70 | 98.81 | 30.35 | 6.70 | 119.67 | 31.12 | 5.16 | 99.23 | 46.59 | 1.66 | 82.42 | 58.1 | 0.22 | -4.35 | 29.41 | 12.02 | 41.58 | 7.61 | 254.13 | -0.33 | -17.48 | 88.24 | -58.2 | 188.24 | 17.65 | 115.88 | -91.6 | 22.77 | 11.07 | -14.69 |
| 22Q4 (13) | 0.39 | -72.73 | 34.48 | 35.70 | 8.74 | 15.68 | 6.97 | 182.19 | 500.57 | 3.37 | -78.27 | -14.9 | 3.05 | -80.34 | -22.59 | 2.59 | -78.09 | -8.8 | 0.91 | -71.2 | 3.41 | 0.23 | 21.05 | 27.78 | 8.49 | -59.86 | -17.49 | 254.98 | -10.75 | -13.44 | 211.11 | 1131.48 | 522.22 | -111.11 | -229.63 | -174.07 | 20.50 | -12.24 | -18.2 |
| 22Q3 (12) | 1.43 | 48.96 | 225.0 | 32.83 | 7.29 | 16.17 | 2.47 | -18.75 | -14.53 | 15.51 | 54.48 | 277.37 | 15.51 | 55.1 | 283.91 | 11.82 | 41.73 | 231.09 | 3.16 | 42.34 | 216.0 | 0.19 | -5.0 | -5.0 | 21.15 | 36.63 | 123.34 | 285.69 | -8.97 | -9.91 | 17.14 | -41.22 | -75.51 | 85.71 | 21.01 | 185.71 | 23.36 | 10.29 | 15.87 |
| 22Q2 (11) | 0.96 | 128.57 | 1820.0 | 30.60 | 10.79 | -1.39 | 3.04 | 157.69 | -44.63 | 10.04 | 95.33 | 165.61 | 10.00 | 95.69 | 166.67 | 8.34 | 136.93 | 148.21 | 2.22 | 111.43 | 138.71 | 0.20 | 17.65 | 0.0 | 15.48 | 38.59 | 66.09 | 313.85 | 1.91 | -12.05 | 29.17 | 129.17 | -79.81 | 70.83 | -66.27 | 259.38 | 21.18 | -20.64 | 4.96 |
| 22Q1 (10) | 0.42 | 44.83 | 0 | 27.62 | -10.5 | -7.0 | -5.27 | -202.87 | -36.53 | 5.14 | 29.8 | 1107.84 | 5.11 | 29.7 | 1101.96 | 3.52 | 23.94 | 1051.35 | 1.05 | 19.32 | 854.55 | 0.17 | -5.56 | 6.25 | 11.17 | 8.55 | 72.11 | 307.96 | 4.55 | -10.44 | -100.00 | -100.0 | -114.29 | 210.00 | 40.0 | 135.0 | 26.69 | 6.5 | -1.07 |
| 21Q4 (9) | 0.29 | -34.09 | 383.33 | 30.86 | 9.2 | 8.62 | -1.74 | -160.21 | -359.7 | 3.96 | -3.65 | -7.69 | 3.94 | -2.48 | -6.64 | 2.84 | -20.45 | -34.11 | 0.88 | -12.0 | -22.12 | 0.18 | -10.0 | -18.18 | 10.29 | 8.66 | 6.19 | 294.56 | -7.12 | -17.2 | -50.00 | -171.43 | -375.0 | 150.00 | 400.0 | 83.33 | 25.06 | 24.31 | 25.43 |
| 21Q3 (8) | 0.44 | 780.0 | 214.29 | 28.26 | -8.93 | -11.49 | 2.89 | -47.36 | -65.68 | 4.11 | 8.73 | -60.37 | 4.04 | 7.73 | -60.89 | 3.57 | 6.25 | -66.79 | 1.00 | 7.53 | -59.35 | 0.20 | 0.0 | -9.09 | 9.47 | 1.61 | -40.25 | 317.13 | -11.13 | -14.09 | 70.00 | -51.54 | -13.33 | 30.00 | 167.5 | 56.0 | 20.16 | -0.1 | 12.94 |
| 21Q2 (7) | 0.05 | 0 | 225.0 | 31.03 | 4.48 | 3.5 | 5.49 | 242.23 | 301.84 | 3.78 | 841.18 | 175.0 | 3.75 | 835.29 | 173.96 | 3.36 | 1008.11 | 181.95 | 0.93 | 745.45 | 245.31 | 0.20 | 25.0 | 17.65 | 9.32 | 43.61 | 242.65 | 356.84 | 3.78 | -7.31 | 144.44 | -79.37 | 160.0 | -44.44 | 92.59 | -200.0 | 20.18 | -25.2 | 0 |
| 21Q1 (6) | 0.00 | -100.0 | 100.0 | 29.70 | 4.54 | 3.85 | -3.86 | -676.12 | 55.68 | -0.51 | -111.89 | 92.3 | -0.51 | -112.09 | 92.3 | -0.37 | -108.58 | 92.31 | 0.11 | -90.27 | 113.75 | 0.16 | -27.27 | 6.67 | 6.49 | -33.02 | 469.3 | 343.84 | -3.35 | -11.15 | 700.00 | 3750.0 | 460.0 | -600.00 | -833.33 | -1700.0 | 26.98 | 35.04 | 0 |
| 20Q4 (5) | 0.06 | -57.14 | 400.0 | 28.41 | -11.02 | -1.25 | 0.67 | -92.04 | 201.52 | 4.29 | -58.63 | 208.88 | 4.22 | -59.15 | 206.57 | 4.31 | -59.91 | 208.02 | 1.13 | -54.07 | 271.21 | 0.22 | 0.0 | 0.0 | 9.69 | -38.86 | 529.22 | 355.74 | -3.63 | 1.06 | 18.18 | -77.49 | -9.09 | 81.82 | 325.45 | -9.09 | 19.98 | 11.93 | -13.62 |
| 20Q3 (4) | 0.14 | 450.0 | 0.0 | 31.93 | 6.5 | 0.0 | 8.42 | 409.56 | 0.0 | 10.37 | 305.75 | 0.0 | 10.33 | 303.75 | 0.0 | 10.75 | 362.2 | 0.0 | 2.46 | 484.38 | 0.0 | 0.22 | 29.41 | 0.0 | 15.85 | 482.72 | 0.0 | 369.15 | -4.12 | 0.0 | 80.77 | 45.38 | 0.0 | 19.23 | -56.73 | 0.0 | 17.85 | 0 | 0.0 |
| 20Q2 (3) | -0.04 | 20.0 | 0.0 | 29.98 | 4.83 | 0.0 | -2.72 | 68.77 | 0.0 | -5.04 | 23.87 | 0.0 | -5.07 | 23.41 | 0.0 | -4.10 | 14.76 | 0.0 | -0.64 | 20.0 | 0.0 | 0.17 | 13.33 | 0.0 | 2.72 | 138.6 | 0.0 | 385.00 | -0.51 | 0.0 | 55.56 | -55.56 | 0.0 | 44.44 | 233.33 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.05 | -150.0 | 0.0 | 28.60 | -0.59 | 0.0 | -8.71 | -1219.7 | 0.0 | -6.62 | -68.02 | 0.0 | -6.62 | -67.17 | 0.0 | -4.81 | -20.55 | 0.0 | -0.80 | -21.21 | 0.0 | 0.15 | -31.82 | 0.0 | 1.14 | -25.97 | 0.0 | 386.99 | 9.94 | 0.0 | 125.00 | 525.0 | 0.0 | -33.33 | -137.04 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.02 | 0.0 | 0.0 | 28.77 | 0.0 | 0.0 | -0.66 | 0.0 | 0.0 | -3.94 | 0.0 | 0.0 | -3.96 | 0.0 | 0.0 | -3.99 | 0.0 | 0.0 | -0.66 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 1.54 | 0.0 | 0.0 | 352.01 | 0.0 | 0.0 | 20.00 | 0.0 | 0.0 | 90.00 | 0.0 | 0.0 | 23.13 | 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) | 3.51 | 9.35 | 36.72 | 14.79 | 6.68 | 192.98 | 2.87 | -4.34 | 10.19 | 21.31 | 9.57 | 15.3 | 27.42 | 8.12 | 9.22 | 21.48 | 0.88 | 7.32 | 15.45 | 10.99 | 205.20 | -19.52 | 65.45 | 143.12 | 34.55 | -52.73 | 0.00 | 0 | 22.14 | -2.38 |
| 2022 (9) | 3.21 | 181.58 | 31.99 | 6.88 | 2.28 | 113.08 | 3.00 | -10.27 | 8.40 | 180.0 | 8.30 | 179.46 | 25.36 | 166.67 | 7.59 | 153.0 | 0.82 | 7.89 | 13.92 | 56.93 | 254.98 | -13.44 | 26.92 | -22.22 | 73.08 | 11.76 | 0.00 | 0 | 22.68 | -0.4 |
| 2021 (8) | 1.14 | 936.36 | 29.93 | 0.47 | 1.07 | 311.54 | 3.34 | -3.89 | 3.00 | 63.93 | 2.97 | 65.92 | 9.51 | 56.93 | 3.00 | 40.19 | 0.76 | 1.33 | 8.87 | 6.35 | 294.56 | -17.2 | 34.62 | 176.92 | 65.38 | -25.27 | 0.00 | 0 | 22.77 | 3.36 |
| 2020 (7) | 0.11 | 0 | 29.79 | 8.96 | 0.26 | 0 | 3.48 | -9.94 | 1.83 | 0 | 1.79 | 0 | 6.06 | 0 | 2.14 | 0 | 0.75 | 2.74 | 8.34 | 0 | 355.74 | 1.06 | 12.50 | -87.35 | 87.50 | 7075.0 | 0.00 | 0 | 22.03 | -19.66 |
| 2019 (6) | -0.30 | 0 | 27.34 | 7.38 | -9.76 | 0 | 3.86 | 121.95 | -9.91 | 0 | -9.92 | 0 | -28.17 | 0 | -6.32 | 0 | 0.73 | -9.88 | -3.02 | 0 | 352.01 | 45.68 | 98.78 | 86.59 | 1.22 | -97.41 | 0.00 | 0 | 27.42 | 27.24 |
| 2018 (5) | -0.35 | 0 | 25.46 | 49.76 | -4.94 | 0 | 1.74 | -59.73 | -9.24 | 0 | -9.24 | 0 | -22.99 | 0 | -6.70 | 0 | 0.81 | 55.77 | -5.22 | 0 | 241.64 | 32.62 | 52.94 | -42.02 | 47.06 | 441.18 | 0.00 | 0 | 21.55 | -37.55 |
| 2017 (4) | -1.24 | 0 | 17.00 | -14.49 | -27.84 | 0 | 4.32 | 21.79 | -30.50 | 0 | -31.84 | 0 | -45.42 | 0 | -15.76 | 0 | 0.52 | -20.0 | -22.76 | 0 | 182.20 | 7.09 | 91.30 | -2.06 | 8.70 | 28.26 | 0.00 | 0 | 34.51 | 7.57 |
| 2016 (3) | -1.95 | 0 | 19.88 | 8.93 | -19.49 | 0 | 3.55 | -11.35 | -20.87 | 0 | -21.13 | 0 | -36.11 | 0 | -13.09 | 0 | 0.65 | 14.04 | -13.83 | 0 | 170.13 | 9.53 | 93.22 | -14.84 | 6.78 | 0 | 0.00 | 0 | 32.08 | 3.55 |
| 2015 (2) | -0.97 | 0 | 18.25 | 1.9 | -22.38 | 0 | 4.00 | -2.51 | -20.53 | 0 | -21.66 | 0 | -27.82 | 0 | -11.77 | 0 | 0.57 | 5.56 | -12.36 | 0 | 155.33 | 53.26 | 109.47 | -12.43 | -8.88 | 0 | 0.00 | 0 | 30.98 | -6.26 |
| 2014 (1) | -1.08 | 0 | 17.91 | 0 | -26.44 | 0 | 4.10 | -1.42 | -21.11 | 0 | -23.27 | 0 | -24.03 | 0 | -12.02 | 0 | 0.54 | 3.85 | -13.13 | 0 | 101.35 | 21.92 | 125.00 | -3.23 | -25.00 | 0 | 0.00 | 0 | 33.05 | 3.28 |
