- 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) | 0.22 | 22.22 | 57.14 | 41.64 | 0.05 | 0.53 | 10.09 | 4.45 | 12.99 | 23.57 | 27.75 | 33.84 | 18.10 | 20.99 | 30.03 | 1.54 | 20.31 | 49.51 | 1.34 | 19.64 | 47.25 | 0.07 | 0.0 | 16.67 | 27.17 | 19.53 | 8.2 | 15.93 | -21.91 | -14.54 | 43.55 | -14.65 | -15.08 | 58.06 | 23.7 | 19.19 | 18.85 | 4.49 | -11.79 |
| 24Q2 (19) | 0.18 | 12.5 | 38.46 | 41.62 | 8.95 | 18.74 | 9.66 | 75.64 | 820.9 | 18.45 | -6.72 | 12.98 | 14.96 | -3.86 | -5.26 | 1.28 | 12.28 | 39.13 | 1.12 | 9.8 | 34.94 | 0.07 | 16.67 | 40.0 | 22.73 | -12.21 | -13.54 | 20.40 | 11.66 | 0.44 | 51.02 | 87.07 | 839.8 | 46.94 | -35.46 | -56.09 | 18.04 | -9.3 | -24.74 |
| 24Q1 (18) | 0.16 | 900.0 | 100.0 | 38.20 | 11.89 | -4.28 | 5.50 | 201.48 | 4028.57 | 19.78 | 1731.48 | 55.14 | 15.56 | 696.17 | 50.05 | 1.14 | 770.59 | 86.89 | 1.02 | 1120.0 | 82.14 | 0.06 | 0.0 | 20.0 | 25.89 | 168.57 | 22.47 | 18.27 | 2.12 | 16.3 | 27.27 | 104.96 | 0 | 72.73 | -88.81 | -30.43 | 19.89 | -20.38 | -15.58 |
| 23Q4 (17) | -0.02 | -114.29 | 50.0 | 34.14 | -17.58 | 30.16 | -5.42 | -160.69 | 57.19 | 1.08 | -93.87 | 116.17 | -2.61 | -118.75 | 54.29 | -0.17 | -116.5 | 46.88 | -0.10 | -110.99 | 58.33 | 0.06 | 0.0 | 20.0 | 9.64 | -61.61 | 438.55 | 17.89 | -4.02 | 3.05 | -550.00 | -1172.5 | -388.1 | 650.00 | 1234.21 | 815.0 | 24.98 | 16.89 | 0.6 |
| 23Q3 (16) | 0.14 | 7.69 | -17.65 | 41.42 | 18.17 | 68.85 | 8.93 | 766.42 | 860.22 | 17.61 | 7.84 | 91.83 | 13.92 | -11.84 | 10.65 | 1.03 | 11.96 | -21.37 | 0.91 | 9.64 | -20.18 | 0.06 | 20.0 | -33.33 | 25.11 | -4.49 | 79.23 | 18.64 | -8.22 | 1.14 | 51.28 | 843.59 | 378.63 | 48.72 | -54.43 | -45.44 | 21.37 | -10.85 | 52.97 |
| 23Q2 (15) | 0.13 | 62.5 | 62.5 | 35.05 | -12.18 | -1.02 | -1.34 | -857.14 | -117.31 | 16.33 | 28.08 | 76.92 | 15.79 | 52.27 | 142.55 | 0.92 | 50.82 | 58.62 | 0.83 | 48.21 | 59.62 | 0.05 | 0.0 | -28.57 | 26.29 | 24.36 | 77.28 | 20.31 | 29.28 | 4.96 | -6.90 | 0 | -108.28 | 106.90 | 2.25 | 541.38 | 23.97 | 1.74 | 48.61 |
| 23Q1 (14) | 0.08 | 300.0 | 100.0 | 39.91 | 52.15 | 48.03 | -0.14 | 98.89 | -104.35 | 12.75 | 290.87 | 175.97 | 10.37 | 281.61 | 286.94 | 0.61 | 290.62 | 134.62 | 0.56 | 333.33 | 133.33 | 0.05 | 0.0 | -37.5 | 21.14 | 1081.01 | 121.59 | 15.71 | -9.5 | -16.3 | 0.00 | -100.0 | -100.0 | 104.55 | 215.0 | 239.77 | 23.56 | -5.11 | 86.54 |
| 22Q4 (13) | -0.04 | -123.53 | -166.67 | 26.23 | 6.93 | -0.38 | -12.66 | -1461.29 | -602.38 | -6.68 | -172.77 | -178.77 | -5.71 | -145.39 | -252.67 | -0.32 | -124.43 | -169.57 | -0.24 | -121.05 | -158.54 | 0.05 | -44.44 | -50.0 | 1.79 | -87.22 | -85.65 | 17.36 | -5.81 | -19.52 | 190.91 | 1681.82 | 557.58 | -90.91 | -201.82 | -234.2 | 24.83 | 77.74 | 80.06 |
| 22Q3 (12) | 0.17 | 112.5 | 54.55 | 24.53 | -30.73 | -20.72 | 0.93 | -87.98 | -90.78 | 9.18 | -0.54 | -9.47 | 12.58 | 93.24 | 67.96 | 1.31 | 125.86 | 52.33 | 1.14 | 119.23 | 56.16 | 0.09 | 28.57 | 0.0 | 14.01 | -5.53 | -7.4 | 18.43 | -4.75 | -17.98 | 10.71 | -87.14 | -89.29 | 89.29 | 435.71 | 0 | 13.97 | -13.39 | 13.95 |
| 22Q2 (11) | 0.08 | 100.0 | 147.06 | 35.41 | 31.34 | 318.06 | 7.74 | 140.37 | 138.99 | 9.23 | 99.78 | 150.8 | 6.51 | 142.91 | 139.79 | 0.58 | 123.08 | 145.31 | 0.52 | 116.67 | 150.98 | 0.07 | -12.5 | 16.67 | 14.83 | 55.45 | 229.63 | 19.35 | 3.09 | -13.38 | 83.33 | 20.37 | -23.76 | 16.67 | -45.83 | 279.17 | 16.13 | 27.71 | -10.54 |
| 22Q1 (10) | 0.04 | -33.33 | -81.82 | 26.96 | 2.39 | -5.24 | 3.22 | 27.78 | -74.65 | 4.62 | -45.52 | -67.16 | 2.68 | -28.34 | -77.09 | 0.26 | -43.48 | -84.43 | 0.24 | -41.46 | -82.61 | 0.08 | -20.0 | -33.33 | 9.54 | -23.5 | -47.84 | 18.77 | -12.98 | -20.87 | 69.23 | 138.46 | -23.22 | 30.77 | -54.58 | 212.82 | 12.63 | -8.41 | 59.87 |
| 21Q4 (9) | 0.06 | -45.45 | -60.0 | 26.33 | -14.9 | -3.98 | 2.52 | -75.02 | -66.53 | 8.48 | -16.37 | -16.86 | 3.74 | -50.07 | -48.48 | 0.46 | -46.51 | -59.29 | 0.41 | -43.84 | -55.91 | 0.10 | 11.11 | -23.08 | 12.47 | -17.58 | -10.8 | 21.57 | -4.01 | -6.87 | 29.03 | -70.97 | -61.29 | 67.74 | 0 | 150.12 | 13.79 | 12.48 | 13.13 |
| 21Q3 (8) | 0.11 | 164.71 | -66.67 | 30.94 | 265.29 | -5.96 | 10.09 | 150.83 | -39.47 | 10.14 | 155.81 | -38.51 | 7.49 | 145.78 | -47.14 | 0.86 | 167.19 | -65.04 | 0.73 | 171.57 | -63.68 | 0.09 | 50.0 | -35.71 | 15.13 | 232.26 | -24.2 | 22.47 | 0.58 | -8.36 | 100.00 | -8.51 | -1.14 | 0.00 | 100.0 | 100.0 | 12.26 | -32.0 | 16.1 |
| 21Q2 (7) | -0.17 | -177.27 | -288.89 | 8.47 | -70.23 | -75.18 | -19.85 | -256.3 | -325.82 | -18.17 | -229.14 | -293.5 | -16.36 | -239.83 | -347.5 | -1.28 | -176.65 | -282.86 | -1.02 | -173.91 | -270.0 | 0.06 | -50.0 | -33.33 | -11.44 | -162.55 | -173.43 | 22.34 | -5.82 | -4.65 | 109.30 | 21.23 | 17.11 | -9.30 | -194.57 | -239.53 | 18.03 | 128.23 | 0 |
| 21Q1 (6) | 0.22 | 46.67 | 214.29 | 28.45 | 3.76 | -8.14 | 12.70 | 68.66 | 308.36 | 14.07 | 37.94 | 138.88 | 11.70 | 61.16 | 131.68 | 1.67 | 47.79 | 215.09 | 1.38 | 48.39 | 193.62 | 0.12 | -7.69 | 33.33 | 18.29 | 30.83 | 57.13 | 23.72 | 2.42 | 19.44 | 90.16 | 20.22 | 80.33 | 9.84 | -63.68 | -78.14 | 7.90 | -35.19 | -37.99 |
| 20Q4 (5) | 0.15 | -54.55 | -71.15 | 27.42 | -16.66 | -2.14 | 7.53 | -54.83 | 55.9 | 10.20 | -38.14 | -62.69 | 7.26 | -48.76 | -74.36 | 1.13 | -54.07 | -71.17 | 0.93 | -53.73 | -68.9 | 0.13 | -7.14 | 30.0 | 13.98 | -29.96 | -57.47 | 23.16 | -5.55 | 34.26 | 75.00 | -25.85 | 321.43 | 27.08 | 2456.25 | -67.05 | 12.19 | 15.44 | 0 |
| 20Q3 (4) | 0.33 | 266.67 | 0.0 | 32.90 | -3.58 | 0.0 | 16.67 | 89.65 | 0.0 | 16.49 | 75.61 | 0.0 | 14.17 | 114.37 | 0.0 | 2.46 | 251.43 | 0.0 | 2.01 | 235.0 | 0.0 | 0.14 | 55.56 | 0.0 | 19.96 | 28.11 | 0.0 | 24.52 | 4.65 | 0.0 | 101.15 | 8.37 | 0.0 | -1.15 | -117.24 | 0.0 | 10.56 | 0 | 0.0 |
| 20Q2 (3) | 0.09 | 28.57 | 0.0 | 34.12 | 10.17 | 0.0 | 8.79 | 182.64 | 0.0 | 9.39 | 59.42 | 0.0 | 6.61 | 30.89 | 0.0 | 0.70 | 32.08 | 0.0 | 0.60 | 27.66 | 0.0 | 0.09 | 0.0 | 0.0 | 15.58 | 33.85 | 0.0 | 23.43 | 17.98 | 0.0 | 93.33 | 86.67 | 0.0 | 6.67 | -85.19 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.07 | -86.54 | 0.0 | 30.97 | 10.53 | 0.0 | 3.11 | -35.61 | 0.0 | 5.89 | -78.46 | 0.0 | 5.05 | -82.17 | 0.0 | 0.53 | -86.48 | 0.0 | 0.47 | -84.28 | 0.0 | 0.09 | -10.0 | 0.0 | 11.64 | -64.59 | 0.0 | 19.86 | 15.13 | 0.0 | 50.00 | 180.95 | 0.0 | 45.00 | -45.26 | 0.0 | 12.74 | 0 | 0.0 |
| 19Q4 (1) | 0.52 | 0.0 | 0.0 | 28.02 | 0.0 | 0.0 | 4.83 | 0.0 | 0.0 | 27.34 | 0.0 | 0.0 | 28.32 | 0.0 | 0.0 | 3.92 | 0.0 | 0.0 | 2.99 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 32.87 | 0.0 | 0.0 | 17.25 | 0.0 | 0.0 | 17.80 | 0.0 | 0.0 | 82.20 | 0.0 | 0.0 | 0.00 | 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) | 0.33 | 32.0 | 37.77 | 33.56 | 0.86 | -21.1 | 6.49 | 38.12 | 11.98 | 125.19 | 9.30 | 76.47 | 2.39 | 31.32 | 2.22 | 34.55 | 0.22 | -24.14 | 20.52 | 87.06 | 17.89 | 3.05 | 7.61 | -62.65 | 93.48 | 17.39 | 0.00 | 0 | 23.38 | 46.68 |
| 2022 (9) | 0.25 | 8.7 | 28.28 | 12.89 | 1.09 | -70.78 | 4.70 | 18.92 | 5.32 | -12.07 | 5.27 | 42.43 | 1.82 | 7.06 | 1.65 | 10.0 | 0.29 | -23.68 | 10.97 | 1.29 | 17.36 | -19.52 | 20.37 | -66.85 | 79.63 | 106.54 | 0.00 | 0 | 15.94 | 29.7 |
| 2021 (8) | 0.23 | -64.06 | 25.05 | -19.66 | 3.73 | -61.9 | 3.95 | 5.4 | 6.05 | -45.84 | 3.70 | -58.38 | 1.70 | -63.75 | 1.50 | -62.41 | 0.38 | -13.64 | 10.83 | -31.41 | 21.57 | -6.87 | 61.45 | -29.83 | 38.55 | 210.11 | 0.00 | 0 | 12.29 | -0.57 |
| 2020 (7) | 0.64 | -1.54 | 31.18 | 9.98 | 9.79 | 194.88 | 3.75 | -4.45 | 11.17 | 2.38 | 8.89 | -7.68 | 4.69 | -2.49 | 3.99 | 2.84 | 0.44 | 15.79 | 15.79 | -5.45 | 23.16 | 34.26 | 87.57 | 189.14 | 12.43 | -82.17 | 0.00 | 0 | 12.36 | -11.27 |
| 2019 (6) | 0.65 | 62.5 | 28.35 | 27.7 | 3.32 | 0 | 3.93 | 108.66 | 10.91 | 83.36 | 9.63 | 104.46 | 4.81 | 67.6 | 3.88 | 80.47 | 0.38 | -7.32 | 16.70 | 86.38 | 17.25 | -63.46 | 30.29 | 0 | 69.71 | -48.36 | 0.00 | 0 | 13.93 | 24.04 |
| 2018 (5) | 0.40 | 110.53 | 22.20 | 3.21 | -2.05 | 0 | 1.88 | -6.7 | 5.95 | 194.55 | 4.71 | 160.22 | 2.87 | 143.22 | 2.15 | 119.39 | 0.41 | -4.65 | 8.96 | 67.16 | 47.21 | -2.98 | -34.17 | 0 | 135.00 | -40.7 | 0.00 | 0 | 11.23 | -18.33 |
| 2017 (4) | 0.19 | 0 | 21.51 | 13.75 | -2.56 | 0 | 2.02 | 8.23 | 2.02 | 0 | 1.81 | 0 | 1.18 | 0 | 0.98 | 0 | 0.43 | -30.65 | 5.36 | 0 | 48.66 | -6.6 | -127.66 | 0 | 227.66 | 456.05 | 0.00 | 0 | 13.75 | -7.35 |
| 2016 (3) | -1.09 | 0 | 18.91 | -5.45 | -4.48 | 0 | 1.86 | 31.59 | -7.56 | 0 | -8.61 | 0 | -7.89 | 0 | -5.22 | 0 | 0.62 | -27.91 | -4.79 | 0 | 52.10 | 22.21 | 59.06 | 45.22 | 40.94 | -31.0 | 0.00 | 0 | 14.84 | 19.87 |
| 2015 (2) | 0.32 | -23.81 | 20.00 | 8.05 | 1.06 | -31.17 | 1.42 | 41.56 | 2.60 | 18.72 | 1.57 | -5.99 | 2.07 | -27.37 | 1.48 | -21.28 | 0.86 | -18.1 | 4.73 | 23.18 | 42.63 | -35.58 | 40.67 | -42.3 | 59.33 | 101.01 | 0.00 | 0 | 12.38 | 6.45 |
| 2014 (1) | 0.42 | 4100.0 | 18.51 | 0 | 1.54 | 0 | 1.00 | -9.99 | 2.19 | 0 | 1.67 | 0 | 2.85 | 0 | 1.88 | 0 | 1.05 | -15.32 | 3.84 | 52.38 | 66.18 | 9.06 | 70.48 | -28.5 | 29.52 | 1966.27 | 0.00 | 0 | 11.63 | 2.92 |
