- 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) | 0.76 | 26.67 | 31.03 | 19.45 | 7.4 | 24.04 | 11.03 | 52.14 | 43.43 | 10.60 | 20.18 | 24.85 | 8.77 | 15.7 | 20.47 | 3.48 | 22.54 | 22.54 | 2.02 | 20.96 | 14.12 | 0.21 | 5.0 | -8.7 | 14.58 | 11.04 | 17.2 | 87.82 | 6.29 | 30.39 | 103.94 | 26.17 | 14.79 | -3.94 | -122.38 | -141.71 | 18.14 | -13.66 | 0.72 |
| 24Q2 (19) | 0.60 | 100.0 | 50.0 | 18.11 | 31.71 | 15.72 | 7.25 | 76.4 | 41.88 | 8.82 | 64.86 | 27.64 | 7.58 | 66.96 | 31.83 | 2.84 | 93.2 | 39.22 | 1.67 | 75.79 | 27.48 | 0.20 | 5.26 | -4.76 | 13.13 | 28.6 | 14.87 | 82.62 | -2.61 | 16.68 | 82.38 | 7.5 | 11.14 | 17.62 | -24.59 | -31.9 | 21.01 | 3.7 | 6.98 |
| 24Q1 (18) | 0.30 | -34.78 | 130.77 | 13.75 | -15.33 | 19.46 | 4.11 | -38.57 | 66.4 | 5.35 | -26.71 | 134.65 | 4.54 | -26.77 | 132.82 | 1.47 | -32.57 | 133.33 | 0.95 | -32.14 | 106.52 | 0.19 | -9.52 | -5.0 | 10.21 | -11.45 | 42.2 | 84.83 | 34.65 | 26.9 | 76.64 | -16.59 | -29.75 | 23.36 | 187.56 | 357.01 | 20.26 | 4.38 | 10.77 |
| 23Q4 (17) | 0.46 | -20.69 | 0.0 | 16.24 | 3.57 | 0.81 | 6.69 | -13.0 | -6.82 | 7.30 | -14.02 | -16.0 | 6.20 | -14.84 | -3.88 | 2.18 | -23.24 | -4.39 | 1.40 | -20.9 | -5.41 | 0.21 | -8.7 | -4.55 | 11.53 | -7.32 | -9.14 | 63.00 | -6.46 | 1.24 | 91.88 | 1.47 | 11.69 | 8.12 | -14.05 | -52.77 | 19.41 | 7.77 | 3.52 |
| 23Q3 (16) | 0.58 | 45.0 | 93.33 | 15.68 | 0.19 | 16.15 | 7.69 | 50.49 | 56.3 | 8.49 | 22.87 | 35.84 | 7.28 | 26.61 | 70.89 | 2.84 | 39.22 | 90.6 | 1.77 | 35.11 | 80.61 | 0.23 | 9.52 | 4.55 | 12.44 | 8.84 | 13.61 | 67.35 | -4.89 | 12.19 | 90.55 | 22.15 | 15.4 | 9.45 | -63.47 | -56.11 | 18.01 | -8.3 | -2.28 |
| 23Q2 (15) | 0.40 | 207.69 | 60.0 | 15.65 | 35.97 | 26.31 | 5.11 | 106.88 | 57.72 | 6.91 | 203.07 | 28.68 | 5.75 | 194.87 | 30.98 | 2.04 | 223.81 | 60.63 | 1.31 | 184.78 | 59.76 | 0.21 | 5.0 | 16.67 | 11.43 | 59.19 | -0.7 | 70.81 | 5.92 | 10.3 | 74.13 | -32.05 | 22.64 | 25.87 | 384.62 | -34.6 | 19.64 | 7.38 | -3.35 |
| 23Q1 (14) | 0.13 | -71.74 | -31.58 | 11.51 | -28.55 | -3.28 | 2.47 | -65.6 | -19.81 | 2.28 | -73.76 | -41.98 | 1.95 | -69.77 | -40.0 | 0.63 | -72.37 | -35.71 | 0.46 | -68.92 | -28.12 | 0.20 | -9.09 | 5.26 | 7.18 | -43.42 | -26.88 | 66.85 | 7.42 | 3.52 | 109.09 | 32.62 | 39.39 | -9.09 | -152.84 | -141.82 | 18.29 | -2.45 | -11.73 |
| 22Q4 (13) | 0.46 | 53.33 | 155.56 | 16.11 | 19.33 | 40.33 | 7.18 | 45.93 | 188.35 | 8.69 | 39.04 | 107.4 | 6.45 | 51.41 | 95.45 | 2.28 | 53.02 | 142.55 | 1.48 | 51.02 | 142.62 | 0.22 | 0.0 | 22.22 | 12.69 | 15.89 | 19.49 | 62.23 | 3.66 | 7.0 | 82.26 | 4.84 | 37.78 | 17.20 | -20.12 | -57.31 | 18.75 | 1.74 | -13.39 |
| 22Q3 (12) | 0.30 | 20.0 | 11.11 | 13.50 | 8.96 | -1.17 | 4.92 | 51.85 | 6.26 | 6.25 | 16.39 | 16.17 | 4.26 | -2.96 | -14.97 | 1.49 | 17.32 | 3.47 | 0.98 | 19.51 | 6.52 | 0.22 | 22.22 | 22.22 | 10.95 | -4.87 | -6.73 | 60.03 | -6.5 | -0.96 | 78.46 | 29.82 | -8.98 | 21.54 | -45.56 | 56.15 | 18.43 | -9.3 | -15.54 |
| 22Q2 (11) | 0.25 | 31.58 | 47.06 | 12.39 | 4.12 | -1.67 | 3.24 | 5.19 | -3.57 | 5.37 | 36.64 | 35.26 | 4.39 | 35.08 | 46.82 | 1.27 | 29.59 | 44.32 | 0.82 | 28.12 | 43.86 | 0.18 | -5.26 | 0.0 | 11.51 | 17.21 | 12.84 | 64.20 | -0.59 | 4.99 | 60.44 | -22.77 | -28.57 | 39.56 | 81.98 | 157.14 | 20.32 | -1.93 | -4.2 |
| 22Q1 (10) | 0.19 | 5.56 | 46.15 | 11.90 | 3.66 | 0.0 | 3.08 | 23.69 | 29.96 | 3.93 | -6.21 | 31.88 | 3.25 | -1.52 | 32.11 | 0.98 | 4.26 | 40.0 | 0.64 | 4.92 | 39.13 | 0.19 | 5.56 | 11.76 | 9.82 | -7.53 | 3.48 | 64.58 | 11.04 | 2.85 | 78.26 | 31.09 | -1.14 | 21.74 | -46.05 | 4.35 | 20.72 | -4.3 | -5.52 |
| 21Q4 (9) | 0.18 | -33.33 | 0.0 | 11.48 | -15.96 | -19.78 | 2.49 | -46.22 | -47.13 | 4.19 | -22.12 | 17.37 | 3.30 | -34.13 | 8.55 | 0.94 | -34.72 | -2.08 | 0.61 | -33.7 | -3.17 | 0.18 | 0.0 | -10.0 | 10.62 | -9.54 | 11.91 | 58.16 | -4.04 | -11.7 | 59.70 | -30.75 | -54.68 | 40.30 | 192.16 | 226.94 | 21.65 | -0.78 | -8.53 |
| 21Q3 (8) | 0.27 | 58.82 | 12.5 | 13.66 | 8.41 | -22.21 | 4.63 | 37.8 | -41.47 | 5.38 | 35.52 | -33.42 | 5.01 | 67.56 | 5.03 | 1.44 | 63.64 | 9.09 | 0.92 | 61.4 | 1.1 | 0.18 | 0.0 | 0.0 | 11.74 | 15.1 | -20.51 | 60.61 | -0.88 | 9.9 | 86.21 | 1.88 | -11.67 | 13.79 | -10.34 | 474.71 | 21.82 | 2.88 | 1.82 |
| 21Q2 (7) | 0.17 | 30.77 | 440.0 | 12.60 | 5.88 | 21.04 | 3.36 | 41.77 | 319.61 | 3.97 | 33.22 | 460.91 | 2.99 | 21.54 | 300.67 | 0.88 | 25.71 | 414.29 | 0.57 | 23.91 | 456.25 | 0.18 | 5.88 | 38.46 | 10.20 | 7.48 | 17.38 | 61.15 | -2.61 | 35.5 | 84.62 | 6.88 | -36.54 | 15.38 | -26.15 | 146.15 | 21.21 | -3.28 | 0 |
| 21Q1 (6) | 0.13 | -27.78 | 333.33 | 11.90 | -16.84 | 22.55 | 2.37 | -49.68 | 330.91 | 2.98 | -16.53 | 144.26 | 2.46 | -19.08 | 228.0 | 0.70 | -27.08 | 366.67 | 0.46 | -26.98 | 228.57 | 0.17 | -15.0 | 30.77 | 9.49 | 0.0 | -13.65 | 62.79 | -4.68 | 29.14 | 79.17 | -39.91 | 84.72 | 20.83 | 165.63 | -58.33 | 21.93 | -7.35 | 0 |
| 20Q4 (5) | 0.18 | -25.0 | -25.0 | 14.31 | -18.51 | 1.49 | 4.71 | -40.46 | -12.29 | 3.57 | -55.82 | -23.55 | 3.04 | -36.27 | -37.19 | 0.96 | -27.27 | -21.95 | 0.63 | -30.77 | -29.21 | 0.20 | 11.11 | 17.65 | 9.49 | -35.75 | -22.02 | 65.87 | 19.44 | 46.67 | 131.75 | 34.99 | 15.28 | -31.75 | -1422.75 | -102.02 | 23.67 | 10.45 | -2.51 |
| 20Q3 (4) | 0.24 | 580.0 | 0.0 | 17.56 | 68.68 | 0.0 | 7.91 | 616.99 | 0.0 | 8.08 | 834.55 | 0.0 | 4.77 | 420.13 | 0.0 | 1.32 | 571.43 | 0.0 | 0.91 | 668.75 | 0.0 | 0.18 | 38.46 | 0.0 | 14.77 | 69.97 | 0.0 | 55.15 | 22.2 | 0.0 | 97.60 | -26.8 | 0.0 | 2.40 | 107.2 | 0.0 | 21.43 | 0 | 0.0 |
| 20Q2 (3) | -0.05 | -266.67 | 0.0 | 10.41 | 7.21 | 0.0 | -1.53 | -378.18 | 0.0 | -1.10 | -190.16 | 0.0 | -1.49 | -298.67 | 0.0 | -0.28 | -286.67 | 0.0 | -0.16 | -214.29 | 0.0 | 0.13 | 0.0 | 0.0 | 8.69 | -20.93 | 0.0 | 45.13 | -7.18 | 0.0 | 133.33 | 211.11 | 0.0 | -33.33 | -166.67 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.03 | -87.5 | 0.0 | 9.71 | -31.13 | 0.0 | 0.55 | -89.76 | 0.0 | 1.22 | -73.88 | 0.0 | 0.75 | -84.5 | 0.0 | 0.15 | -87.8 | 0.0 | 0.14 | -84.27 | 0.0 | 0.13 | -23.53 | 0.0 | 10.99 | -9.7 | 0.0 | 48.62 | 8.26 | 0.0 | 42.86 | -62.5 | 0.0 | 50.00 | 418.18 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.24 | 0.0 | 0.0 | 14.10 | 0.0 | 0.0 | 5.37 | 0.0 | 0.0 | 4.67 | 0.0 | 0.0 | 4.84 | 0.0 | 0.0 | 1.23 | 0.0 | 0.0 | 0.89 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 12.17 | 0.0 | 0.0 | 44.91 | 0.0 | 0.0 | 114.29 | 0.0 | 0.0 | -15.71 | 0.0 | 0.0 | 24.28 | 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) | 1.56 | 30.0 | 14.88 | 9.25 | 5.64 | 18.49 | 3.87 | -18.92 | 6.41 | 3.22 | 5.43 | 16.27 | 7.58 | 25.08 | 5.02 | 25.81 | 0.86 | 6.17 | 10.79 | -4.51 | 63.00 | 1.24 | 88.14 | 15.02 | 12.04 | -48.46 | 0.00 | 0 | 18.83 | -3.24 |
| 2022 (9) | 1.20 | 60.0 | 13.62 | 9.75 | 4.76 | 48.29 | 4.77 | -22.95 | 6.21 | 50.36 | 4.67 | 35.76 | 6.06 | 55.38 | 3.99 | 58.33 | 0.81 | 15.71 | 11.30 | 7.52 | 62.23 | 7.0 | 76.63 | -1.26 | 23.37 | 4.38 | 0.00 | 0 | 19.46 | -10.12 |
| 2021 (8) | 0.75 | 87.5 | 12.41 | -8.28 | 3.21 | -9.83 | 6.19 | -16.11 | 4.13 | 19.71 | 3.44 | 57.8 | 3.90 | 87.5 | 2.52 | 71.43 | 0.70 | 14.75 | 10.51 | -5.49 | 58.16 | -11.7 | 77.61 | -24.76 | 22.39 | 0 | 0.00 | 0 | 21.65 | -6.84 |
| 2020 (7) | 0.40 | -45.95 | 13.53 | -3.7 | 3.56 | -22.1 | 7.38 | 1.72 | 3.45 | -24.51 | 2.18 | -40.92 | 2.08 | -45.69 | 1.47 | -45.96 | 0.61 | -10.29 | 11.12 | -9.08 | 65.87 | 46.67 | 103.16 | 3.16 | -3.16 | 0 | 0.00 | 0 | 23.24 | 2.06 |
| 2019 (6) | 0.74 | 57.45 | 14.05 | 99.01 | 4.57 | 300.88 | 7.25 | 18.41 | 4.57 | 82.8 | 3.69 | 83.58 | 3.83 | 56.97 | 2.72 | 59.06 | 0.68 | -6.85 | 12.23 | 33.95 | 44.91 | -27.09 | 100.00 | 116.87 | 0.00 | 0 | 0.00 | 0 | 22.77 | -10.57 |
| 2018 (5) | 0.47 | 0 | 7.06 | 298.87 | 1.14 | 0 | 6.13 | -2.05 | 2.50 | 0 | 2.01 | 0 | 2.44 | 0 | 1.71 | 0 | 0.73 | 4.29 | 9.13 | 415.82 | 61.60 | -17.27 | 46.11 | -48.67 | 54.44 | 421.52 | 0.00 | 0 | 25.46 | -5.6 |
| 2017 (4) | -0.97 | 0 | 1.77 | -68.39 | -4.55 | 0 | 6.25 | -21.03 | -5.07 | 0 | -4.16 | 0 | -4.87 | 0 | -2.60 | 0 | 0.70 | 25.0 | 1.77 | -81.17 | 74.46 | 21.79 | 89.84 | 0 | 10.44 | -95.3 | 0.00 | 0 | 26.97 | -1.1 |
| 2016 (3) | 0.10 | -37.5 | 5.60 | -13.85 | -0.83 | 0 | 7.92 | 16.47 | 0.68 | -8.11 | 0.50 | -30.56 | 0.45 | -36.62 | 0.62 | -23.46 | 0.56 | -5.08 | 9.40 | 12.17 | 61.14 | -2.75 | -121.95 | 0 | 221.95 | 7.01 | 0.00 | 0 | 27.27 | 11.53 |
| 2015 (2) | 0.16 | -95.03 | 6.50 | -61.67 | -0.78 | 0 | 6.80 | 35.34 | 0.74 | -93.78 | 0.72 | -92.44 | 0.71 | -95.18 | 0.81 | -91.07 | 0.59 | -36.56 | 8.38 | -51.48 | 62.87 | -10.95 | -107.41 | 0 | 207.41 | 1163.39 | 0.00 | 0 | 24.45 | 23.36 |
| 2014 (1) | 3.22 | 190.09 | 16.96 | 0 | 9.93 | 0 | 5.02 | -12.58 | 11.89 | 0 | 9.53 | 0 | 14.72 | 0 | 9.07 | 0 | 0.93 | 0.0 | 17.27 | 62.46 | 70.60 | 14.18 | 83.58 | -17.53 | 16.42 | 0 | 0.00 | 0 | 19.82 | 0.05 |
