- 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) | 0.28 | 33.33 | 12.0 | 78.48 | 3.73 | 2.39 | 70.42 | 7.22 | 4.25 | 173.15 | 7.07 | -3.01 | 143.70 | 13.03 | -2.96 | 1.38 | 31.43 | 6.98 | 1.18 | 31.11 | 6.31 | 0.01 | 0.0 | 0.0 | 174.23 | 6.33 | 58.39 | 16.96 | -1.28 | -1.91 | 40.48 | -1.39 | 6.77 | 59.52 | -0.3 | -4.14 | 8.33 | -13.41 | 9.61 |
| 24Q2 (19) | 0.21 | 320.0 | 31.25 | 75.66 | -1.43 | -0.43 | 65.68 | -3.27 | -3.33 | 161.71 | 384.89 | 36.98 | 127.14 | 380.5 | 40.88 | 1.05 | 356.52 | 31.25 | 0.90 | 350.0 | 30.43 | 0.01 | 0.0 | 0.0 | 163.86 | 364.32 | 36.81 | 17.18 | 9.64 | 2.38 | 41.04 | -80.19 | -27.82 | 59.70 | 157.64 | 41.62 | 9.62 | 10.96 | 22.08 |
| 24Q1 (18) | 0.05 | -61.54 | -16.67 | 76.76 | -0.18 | -3.04 | 67.90 | 0.06 | -4.86 | 33.35 | -63.44 | -28.54 | 26.46 | -63.77 | -29.21 | 0.23 | -65.15 | -28.12 | 0.20 | -64.91 | -28.57 | 0.01 | 0.0 | 0.0 | 35.29 | -84.94 | -27.65 | 15.67 | 1.82 | 2.96 | 207.14 | 175.06 | 33.41 | -103.57 | -499.49 | -96.79 | 8.67 | 18.28 | 12.16 |
| 23Q4 (17) | 0.13 | -48.0 | 160.0 | 76.90 | 0.33 | -0.77 | 67.86 | 0.46 | 1.0 | 91.22 | -48.9 | 107.7 | 73.03 | -50.68 | 109.14 | 0.66 | -48.84 | 135.71 | 0.57 | -48.65 | 128.0 | 0.01 | 0.0 | 0.0 | 234.29 | 112.99 | 415.49 | 15.39 | -10.99 | 1.18 | 75.31 | 98.66 | -50.76 | 25.93 | -58.25 | 148.97 | 7.33 | -3.55 | -24.36 |
| 23Q3 (16) | 0.25 | 56.25 | 8.7 | 76.65 | 0.87 | -0.71 | 67.55 | -0.57 | 0.15 | 178.53 | 51.23 | -9.15 | 148.08 | 64.08 | -8.15 | 1.29 | 61.25 | 4.88 | 1.11 | 60.87 | 4.72 | 0.01 | 0.0 | 0.0 | 110.00 | -8.16 | -44.61 | 17.29 | 3.04 | 5.62 | 37.91 | -33.33 | 10.57 | 62.09 | 47.29 | -5.51 | 7.60 | -3.55 | -15.65 |
| 23Q2 (15) | 0.16 | 166.67 | -38.46 | 75.99 | -4.02 | -3.97 | 67.94 | -4.81 | -2.24 | 118.05 | 152.95 | -45.18 | 90.25 | 141.44 | -50.29 | 0.80 | 150.0 | -43.26 | 0.69 | 146.43 | -42.98 | 0.01 | 0.0 | 0.0 | 119.77 | 145.53 | -44.42 | 16.78 | 10.25 | 0.42 | 56.86 | -63.38 | 76.39 | 42.16 | 180.1 | -37.79 | 7.88 | 1.94 | -18.0 |
| 23Q1 (14) | 0.06 | 20.0 | 0.0 | 79.17 | 2.15 | 0.39 | 71.37 | 6.22 | 1.58 | 46.67 | 6.26 | -14.9 | 37.38 | 7.04 | -14.72 | 0.32 | 14.29 | -8.57 | 0.28 | 12.0 | -6.67 | 0.01 | 0.0 | 0.0 | 48.78 | 7.33 | -13.42 | 15.22 | 0.07 | -4.64 | 155.26 | 1.52 | 21.11 | -52.63 | 0.58 | -86.6 | 7.73 | -20.23 | -12.46 |
| 22Q4 (13) | 0.05 | -78.26 | 150.0 | 77.50 | 0.39 | 2.55 | 67.19 | -0.39 | -1.37 | 43.92 | -77.65 | 167.97 | 34.92 | -78.34 | 167.18 | 0.28 | -77.24 | 154.55 | 0.25 | -76.42 | 150.0 | 0.01 | 0.0 | 0.0 | 45.45 | -77.11 | 162.26 | 15.21 | -7.09 | -6.11 | 152.94 | 346.08 | -64.01 | -52.94 | -180.56 | 83.71 | 9.69 | 7.55 | 35.71 |
| 22Q3 (12) | 0.23 | -11.54 | 109.09 | 77.20 | -2.44 | 5.51 | 67.45 | -2.95 | 15.32 | 196.52 | -8.74 | 54.64 | 161.22 | -11.2 | 45.87 | 1.23 | -12.77 | 95.24 | 1.06 | -12.4 | 96.3 | 0.01 | 0.0 | 0 | 198.59 | -7.84 | 52.76 | 16.37 | -2.03 | -3.76 | 34.29 | 6.36 | -24.33 | 65.71 | -3.02 | 20.16 | 9.01 | -6.24 | -31.01 |
| 22Q2 (11) | 0.26 | 333.33 | 550.0 | 79.13 | 0.34 | 0.93 | 69.50 | -1.08 | 1.31 | 215.33 | 292.65 | 384.0 | 181.56 | 314.24 | 424.13 | 1.41 | 302.86 | 513.04 | 1.21 | 303.33 | 505.0 | 0.01 | 0.0 | 0.0 | 215.49 | 282.48 | 362.92 | 16.71 | 4.7 | 4.7 | 32.24 | -74.86 | -79.05 | 67.76 | 340.25 | 225.85 | 9.61 | 8.83 | -4.95 |
| 22Q1 (10) | 0.06 | 200.0 | 700.0 | 78.86 | 4.35 | 3.31 | 70.26 | 3.14 | 2.11 | 54.84 | 234.59 | 497.97 | 43.83 | 235.35 | 520.23 | 0.35 | 218.18 | 537.5 | 0.30 | 200.0 | 528.57 | 0.01 | 0.0 | 0.0 | 56.34 | 225.1 | 586.11 | 15.96 | -1.48 | -2.33 | 128.21 | -69.83 | 126.71 | -28.21 | 91.32 | -104.95 | 8.83 | 23.67 | 12.2 |
| 21Q4 (9) | 0.02 | -81.82 | -87.5 | 75.57 | 3.28 | 4.55 | 68.12 | 16.46 | 8.37 | 16.39 | -87.1 | -87.84 | 13.07 | -88.17 | -87.99 | 0.11 | -82.54 | -87.64 | 0.10 | -81.48 | -86.84 | 0.01 | 0 | 0.0 | 17.33 | -86.67 | -87.35 | 16.20 | -4.76 | -0.18 | 425.00 | 837.93 | 814.67 | -325.00 | -694.29 | -707.08 | 7.14 | -45.33 | -15.5 |
| 21Q3 (8) | 0.11 | 175.0 | 266.67 | 73.17 | -6.67 | 3.92 | 58.49 | -14.74 | -4.91 | 127.08 | 185.64 | 822.21 | 110.52 | 219.05 | 402.36 | 0.63 | 173.91 | 293.75 | 0.54 | 170.0 | 285.71 | 0.00 | -100.0 | -100.0 | 130.00 | 179.27 | 745.25 | 17.01 | 6.58 | -10.05 | 45.31 | -70.55 | -89.8 | 54.69 | 201.56 | 115.88 | 13.06 | 29.18 | 51.33 |
| 21Q2 (7) | 0.04 | 500.0 | 0.0 | 78.40 | 2.71 | 8.03 | 68.60 | -0.31 | 16.75 | 44.49 | 422.86 | -30.52 | 34.64 | 432.12 | -1.79 | 0.23 | 387.5 | 15.0 | 0.20 | 385.71 | 17.65 | 0.01 | 0.0 | 0 | 46.55 | 501.64 | -30.18 | 15.96 | -2.33 | -14.97 | 153.85 | 132.05 | 69.23 | -53.85 | -109.45 | -692.31 | 10.11 | 28.46 | 0 |
| 21Q1 (6) | -0.01 | -106.25 | -110.0 | 76.33 | 5.6 | 1.41 | 68.81 | 9.47 | 5.34 | -13.78 | -110.22 | -117.04 | -10.43 | -109.58 | -116.09 | -0.08 | -108.99 | -115.09 | -0.07 | -109.21 | -115.22 | 0.01 | 0.0 | 0.0 | -11.59 | -108.46 | -114.02 | 16.34 | 0.68 | 1.05 | -480.00 | -1133.04 | -697.55 | 570.00 | 964.72 | 2797.5 | 7.87 | -6.86 | -27.26 |
| 20Q4 (5) | 0.16 | 433.33 | -5.88 | 72.28 | 2.66 | -1.3 | 62.86 | 2.19 | 1.06 | 134.83 | 878.45 | 11.9 | 108.83 | 394.68 | 15.7 | 0.89 | 456.25 | -1.11 | 0.76 | 442.86 | -2.56 | 0.01 | 0.0 | 0.0 | 136.99 | 790.7 | 12.08 | 16.23 | -14.17 | 4.11 | 46.46 | -89.55 | -9.56 | 53.54 | 115.54 | 10.1 | 8.45 | -2.09 | -23.11 |
| 20Q3 (4) | 0.03 | -25.0 | 0.0 | 70.41 | -2.98 | 0.0 | 61.51 | 4.68 | 0.0 | 13.78 | -78.48 | 0.0 | 22.00 | -37.62 | 0.0 | 0.16 | -20.0 | 0.0 | 0.14 | -17.65 | 0.0 | 0.01 | 0 | 0.0 | 15.38 | -76.93 | 0.0 | 18.91 | 0.75 | 0.0 | 444.44 | 388.89 | 0.0 | -344.44 | -3888.89 | 0.0 | 8.63 | 0 | 0.0 |
| 20Q2 (3) | 0.04 | -60.0 | 0.0 | 72.57 | -3.59 | 0.0 | 58.76 | -10.04 | 0.0 | 64.03 | -20.83 | 0.0 | 35.27 | -45.6 | 0.0 | 0.20 | -62.26 | 0.0 | 0.17 | -63.04 | 0.0 | 0.00 | -100.0 | 0.0 | 66.67 | -19.35 | 0.0 | 18.77 | 16.08 | 0.0 | 90.91 | 13.17 | 0.0 | 9.09 | -53.79 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.10 | -41.18 | 0.0 | 75.27 | 2.79 | 0.0 | 65.32 | 5.02 | 0.0 | 80.88 | -32.87 | 0.0 | 64.84 | -31.07 | 0.0 | 0.53 | -41.11 | 0.0 | 0.46 | -41.03 | 0.0 | 0.01 | 0.0 | 0.0 | 82.67 | -32.36 | 0.0 | 16.17 | 3.72 | 0.0 | 80.33 | 56.35 | 0.0 | 19.67 | -59.54 | 0.0 | 10.82 | -1.55 | 0.0 |
| 19Q4 (1) | 0.17 | 0.0 | 0.0 | 73.23 | 0.0 | 0.0 | 62.20 | 0.0 | 0.0 | 120.49 | 0.0 | 0.0 | 94.06 | 0.0 | 0.0 | 0.90 | 0.0 | 0.0 | 0.78 | 0.0 | 0.0 | 0.01 | 0.0 | 0.0 | 122.22 | 0.0 | 0.0 | 15.59 | 0.0 | 0.0 | 51.38 | 0.0 | 0.0 | 48.62 | 0.0 | 0.0 | 10.99 | 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) | 0.60 | 0.0 | 77.15 | -1.28 | 68.64 | 0.1 | 0.87 | -15.16 | 109.12 | -13.21 | 87.59 | -15.58 | 3.08 | -4.94 | 2.68 | -4.63 | 0.03 | 0.0 | 110.50 | -12.85 | 15.39 | 1.18 | 62.93 | 15.43 | 37.07 | -18.5 | 0.00 | 0 | 7.63 | -17.87 |
| 2022 (9) | 0.60 | 275.0 | 78.15 | 2.9 | 68.57 | 3.11 | 1.03 | -13.06 | 125.73 | 243.15 | 103.76 | 234.71 | 3.24 | 272.41 | 2.81 | 269.74 | 0.03 | 50.0 | 126.80 | 230.73 | 15.21 | -6.11 | 54.52 | -69.82 | 45.48 | 0 | 0.00 | 0 | 9.29 | 0.98 |
| 2021 (8) | 0.16 | -50.0 | 75.95 | 4.44 | 66.50 | 6.5 | 1.19 | -21.44 | 36.64 | -51.75 | 31.00 | -48.92 | 0.87 | -50.29 | 0.76 | -50.0 | 0.02 | 0.0 | 38.34 | -50.68 | 16.20 | -0.18 | 180.65 | 120.06 | -81.72 | 0 | 0.00 | 0 | 9.20 | -9.72 |
| 2020 (7) | 0.32 | -69.81 | 72.72 | -2.36 | 62.44 | -4.04 | 1.51 | 4.75 | 75.93 | -60.09 | 60.69 | -60.45 | 1.75 | -69.83 | 1.52 | -69.78 | 0.02 | -33.33 | 77.74 | -59.5 | 16.23 | 4.11 | 82.09 | 139.73 | 17.91 | -72.76 | 0.00 | 0 | 10.19 | 2.1 |
| 2019 (6) | 1.06 | 23.26 | 74.48 | 1.1 | 65.07 | 1.94 | 1.44 | -4.9 | 190.25 | -8.26 | 153.44 | 17.88 | 5.80 | 16.94 | 5.03 | 16.17 | 0.03 | 0.0 | 191.93 | -8.47 | 15.59 | 0.13 | 34.24 | 11.17 | 65.76 | -4.97 | 0.00 | 0 | 9.98 | -3.85 |
| 2018 (5) | 0.86 | -24.56 | 73.67 | 2.79 | 63.83 | 2.98 | 1.52 | -16.67 | 207.37 | 3.66 | 130.17 | -22.65 | 4.96 | -26.52 | 4.33 | -26.73 | 0.03 | -25.0 | 209.70 | 3.6 | 15.57 | 7.16 | 30.80 | -0.34 | 69.20 | 0.37 | 0.00 | 0 | 10.38 | 1.07 |
| 2017 (4) | 1.14 | 2.7 | 71.67 | -1.16 | 61.98 | -1.29 | 1.82 | -32.32 | 200.04 | 11.77 | 168.28 | 12.57 | 6.75 | 6.8 | 5.91 | 6.68 | 0.04 | 0.0 | 202.42 | 10.98 | 14.53 | 0.07 | 30.91 | -12.11 | 68.94 | 6.06 | 0.00 | 0 | 10.27 | 3.11 |
| 2016 (3) | 1.11 | 1.83 | 72.51 | 0.93 | 62.79 | -0.33 | 2.69 | 8.36 | 178.97 | 18.83 | 149.49 | 18.35 | 6.32 | 3.61 | 5.54 | 3.75 | 0.04 | 0.0 | 182.39 | 18.65 | 14.52 | -1.22 | 35.17 | -16.15 | 65.00 | 11.6 | 0.00 | 0 | 9.96 | 8.73 |
| 2015 (2) | 1.09 | 7.92 | 71.84 | 5.46 | 63.00 | 7.88 | 2.48 | -16.83 | 150.61 | 18.0 | 126.31 | 17.64 | 6.10 | 7.58 | 5.34 | 7.23 | 0.04 | -20.0 | 153.72 | 17.44 | 14.70 | -0.54 | 41.94 | -8.12 | 58.24 | 7.16 | 0.00 | 0 | 9.16 | -2.97 |
| 2014 (1) | 1.01 | 23.17 | 68.12 | 0 | 58.40 | 0 | 2.98 | -10.32 | 127.64 | 0 | 107.37 | 0 | 5.67 | 0 | 4.98 | 0 | 0.05 | 0.0 | 130.89 | 25.66 | 14.78 | 4.97 | 45.65 | -19.39 | 54.35 | 26.13 | 0.00 | 0 | 9.44 | 5.83 |
