- 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) | 0.11 | 22.22 | -8.33 | 86.37 | 1.85 | 0.91 | 21.04 | 30.04 | -10.73 | 29.14 | 9.43 | -10.56 | 23.46 | 12.52 | -10.42 | 0.91 | 18.18 | -13.33 | 0.79 | 17.91 | -13.19 | 0.03 | 0.0 | 0.0 | 44.12 | 4.01 | -3.48 | 14.28 | -17.12 | -1.79 | 70.00 | 26.0 | -3.75 | 30.00 | -10.0 | 10.0 | 21.61 | -10.81 | -6.61 |
| 24Q2 (19) | 0.09 | -25.0 | -10.0 | 84.80 | -0.46 | 0.93 | 16.18 | -24.81 | -15.07 | 26.63 | -16.96 | -5.73 | 20.85 | -18.71 | -6.79 | 0.77 | -23.0 | -8.33 | 0.67 | -22.99 | -9.46 | 0.03 | 0.0 | 0.0 | 42.42 | -9.86 | -6.67 | 17.23 | 19.82 | 7.62 | 55.56 | -12.7 | -16.67 | 33.33 | -8.33 | 0.0 | 24.23 | 3.72 | 4.76 |
| 24Q1 (18) | 0.12 | 9.09 | 71.43 | 85.19 | 1.0 | 1.76 | 21.52 | 3.16 | 39.83 | 32.07 | 14.99 | 46.91 | 25.65 | 14.97 | 46.91 | 1.00 | 11.11 | 61.29 | 0.87 | 11.54 | 61.11 | 0.03 | 0.0 | 0.0 | 47.06 | 9.8 | 21.57 | 14.38 | -4.39 | 5.58 | 63.64 | -9.09 | -10.91 | 36.36 | 81.82 | 27.27 | 23.36 | 7.6 | -3.71 |
| 23Q4 (17) | 0.11 | -8.33 | 175.0 | 84.35 | -1.45 | 7.71 | 20.86 | -11.5 | 776.47 | 27.89 | -14.4 | 134.76 | 22.31 | -14.81 | 136.84 | 0.90 | -14.29 | 190.32 | 0.78 | -14.29 | 188.89 | 0.03 | 0.0 | 0.0 | 42.86 | -6.23 | 38.12 | 15.04 | 3.44 | 2.1 | 70.00 | -3.75 | 110.0 | 20.00 | -26.67 | -80.0 | 21.71 | -6.18 | -6.02 |
| 23Q3 (16) | 0.12 | 20.0 | 71.43 | 85.59 | 1.87 | 5.77 | 23.57 | 23.73 | 1174.05 | 32.58 | 15.33 | 32.49 | 26.19 | 17.08 | 38.57 | 1.05 | 25.0 | 90.91 | 0.91 | 22.97 | 85.71 | 0.03 | 0.0 | 0.0 | 45.71 | 0.57 | -4.77 | 14.54 | -9.18 | 0.83 | 72.73 | 9.09 | 0 | 27.27 | -18.18 | -72.73 | 23.14 | 0.04 | -19.96 |
| 23Q2 (15) | 0.10 | 42.86 | 100.0 | 84.02 | 0.36 | 1.95 | 19.05 | 23.78 | 187.33 | 28.25 | 29.41 | 70.28 | 22.37 | 28.12 | 71.42 | 0.84 | 35.48 | 90.91 | 0.74 | 37.04 | 94.74 | 0.03 | 0.0 | 0.0 | 45.45 | 17.41 | 31.82 | 16.01 | 17.55 | 11.26 | 66.67 | -6.67 | 66.67 | 33.33 | 16.67 | -44.44 | 23.13 | -4.66 | -6.05 |
| 23Q1 (14) | 0.07 | 75.0 | -12.5 | 83.72 | 6.91 | 0.52 | 15.39 | 546.64 | 8.15 | 21.83 | 83.75 | -2.98 | 17.46 | 85.35 | -3.0 | 0.62 | 100.0 | -4.62 | 0.54 | 100.0 | -5.26 | 0.03 | 0.0 | 0.0 | 38.71 | 24.75 | -7.7 | 13.62 | -7.54 | -2.23 | 71.43 | 114.29 | 25.0 | 28.57 | -71.43 | -33.33 | 24.26 | 5.02 | 1.8 |
| 22Q4 (13) | 0.04 | -42.86 | -50.0 | 78.31 | -3.23 | -3.33 | 2.38 | 28.65 | -80.4 | 11.88 | -51.69 | -45.98 | 9.42 | -50.16 | -49.71 | 0.31 | -43.64 | -54.41 | 0.27 | -44.9 | -54.24 | 0.03 | 0.0 | 0.0 | 31.03 | -35.35 | -19.84 | 14.73 | 2.15 | 0.27 | 33.33 | 0 | -41.67 | 100.00 | 0.0 | 133.33 | 23.10 | -20.1 | 6.94 |
| 22Q3 (12) | 0.07 | 40.0 | 450.0 | 80.92 | -1.81 | 3.69 | 1.85 | -72.1 | 106.27 | 24.59 | 48.22 | 356.15 | 18.90 | 44.83 | 314.04 | 0.55 | 25.0 | 375.0 | 0.49 | 28.95 | 388.24 | 0.03 | 0.0 | 50.0 | 48.00 | 39.21 | 128.03 | 14.42 | 0.21 | -7.15 | 0.00 | -100.0 | -100.0 | 100.00 | 66.67 | 150.0 | 28.91 | 17.42 | -2.53 |
| 22Q2 (11) | 0.05 | -37.5 | 200.0 | 82.41 | -1.06 | 8.16 | 6.63 | -53.41 | 122.72 | 16.59 | -26.27 | 167.63 | 13.05 | -27.5 | 166.55 | 0.44 | -32.31 | 210.0 | 0.38 | -33.33 | 208.57 | 0.03 | 0.0 | 50.0 | 34.48 | -17.79 | 520.14 | 14.39 | 3.3 | 19.12 | 40.00 | -30.0 | -68.0 | 60.00 | 40.0 | 340.0 | 24.62 | 3.32 | -25.05 |
| 22Q1 (10) | 0.08 | 0.0 | 33.33 | 83.29 | 2.81 | -2.79 | 14.23 | 17.22 | 131.01 | 22.50 | 2.32 | 6.53 | 18.00 | -3.9 | 7.14 | 0.65 | -4.41 | 30.0 | 0.57 | -3.39 | 29.55 | 0.03 | 0.0 | 0.0 | 41.94 | 8.34 | 4.85 | 13.93 | -5.17 | 2.8 | 57.14 | 0.0 | 42.86 | 42.86 | 0.0 | -46.43 | 23.83 | 10.32 | -17.63 |
| 21Q4 (9) | 0.08 | 500.0 | 60.0 | 81.01 | 3.81 | -4.66 | 12.14 | 141.12 | 39.38 | 21.99 | 329.06 | 41.32 | 18.73 | 312.12 | 53.4 | 0.68 | 440.0 | 65.85 | 0.59 | 447.06 | 63.89 | 0.03 | 50.0 | 0.0 | 38.71 | 83.9 | 12.27 | 14.69 | -5.41 | -1.34 | 57.14 | -80.95 | -4.76 | 42.86 | 121.43 | 7.14 | 21.60 | -27.17 | -12.34 |
| 21Q3 (8) | -0.02 | 60.0 | -133.33 | 78.04 | 2.43 | -8.94 | -29.52 | -1.17 | -474.14 | -9.60 | 60.86 | -148.1 | -8.83 | 54.97 | -151.25 | -0.20 | 50.0 | -137.04 | -0.17 | 51.43 | -136.17 | 0.02 | 0.0 | -33.33 | 21.05 | 278.6 | -43.17 | 15.53 | 28.56 | 5.86 | 300.00 | 140.0 | 650.0 | -200.00 | -700.0 | -433.33 | 29.66 | -9.71 | 11.0 |
| 21Q2 (7) | -0.05 | -183.33 | -600.0 | 76.19 | -11.08 | -5.32 | -29.18 | -573.7 | -3843.24 | -24.53 | -216.15 | -561.96 | -19.61 | -216.73 | -561.41 | -0.40 | -180.0 | -433.33 | -0.35 | -179.55 | -418.18 | 0.02 | -33.33 | 0.0 | 5.56 | -86.1 | -76.83 | 12.08 | -10.85 | -26.43 | 125.00 | 212.5 | 0 | -25.00 | -131.25 | -125.0 | 32.85 | 13.55 | 21.67 |
| 21Q1 (6) | 0.06 | 20.0 | -14.29 | 85.68 | 0.84 | -2.31 | 6.16 | -29.28 | -56.13 | 21.12 | 35.73 | -1.31 | 16.80 | 37.59 | -1.7 | 0.50 | 21.95 | -9.09 | 0.44 | 22.22 | -10.2 | 0.03 | 0.0 | 0.0 | 40.00 | 16.01 | 1.81 | 13.55 | -9.0 | 7.28 | 40.00 | -33.33 | -40.0 | 80.00 | 100.0 | 140.0 | 28.93 | 17.41 | 10.34 |
| 20Q4 (5) | 0.05 | -16.67 | -70.59 | 84.97 | -0.85 | -5.06 | 8.71 | 10.39 | -73.84 | 15.56 | -22.04 | -59.3 | 12.21 | -29.14 | -60.05 | 0.41 | -24.07 | -71.13 | 0.36 | -23.4 | -71.2 | 0.03 | 0.0 | -25.0 | 34.48 | -6.91 | -34.32 | 14.89 | 1.5 | 8.37 | 60.00 | 50.0 | -30.77 | 40.00 | -33.33 | 200.0 | 24.64 | -7.78 | 0 |
| 20Q3 (4) | 0.06 | 500.0 | 0.0 | 85.70 | 6.5 | 0.0 | 7.89 | 1166.22 | 0.0 | 19.96 | 275.89 | 0.0 | 17.23 | 305.41 | 0.0 | 0.54 | 350.0 | 0.0 | 0.47 | 327.27 | 0.0 | 0.03 | 50.0 | 0.0 | 37.04 | 54.33 | 0.0 | 14.67 | -10.66 | 0.0 | 40.00 | 0 | 0.0 | 60.00 | -40.0 | 0.0 | 26.72 | -1.04 | 0.0 |
| 20Q2 (3) | 0.01 | -85.71 | 0.0 | 80.47 | -8.25 | 0.0 | -0.74 | -105.27 | 0.0 | 5.31 | -75.19 | 0.0 | 4.25 | -75.13 | 0.0 | 0.12 | -78.18 | 0.0 | 0.11 | -77.55 | 0.0 | 0.02 | -33.33 | 0.0 | 24.00 | -38.92 | 0.0 | 16.42 | 30.01 | 0.0 | -0.00 | -100.0 | 0.0 | 100.00 | 200.0 | 0.0 | 27.00 | 2.97 | 0.0 |
| 20Q1 (2) | 0.07 | -58.82 | 0.0 | 87.71 | -2.0 | 0.0 | 14.04 | -57.84 | 0.0 | 21.40 | -44.02 | 0.0 | 17.09 | -44.08 | 0.0 | 0.55 | -61.27 | 0.0 | 0.49 | -60.8 | 0.0 | 0.03 | -25.0 | 0.0 | 39.29 | -25.16 | 0.0 | 12.63 | -8.08 | 0.0 | 66.67 | -23.08 | 0.0 | 33.33 | 150.0 | 0.0 | 26.22 | 0 | 0.0 |
| 19Q4 (1) | 0.17 | 0.0 | 0.0 | 89.50 | 0.0 | 0.0 | 33.30 | 0.0 | 0.0 | 38.23 | 0.0 | 0.0 | 30.56 | 0.0 | 0.0 | 1.42 | 0.0 | 0.0 | 1.25 | 0.0 | 0.0 | 0.04 | 0.0 | 0.0 | 52.50 | 0.0 | 0.0 | 13.74 | 0.0 | 0.0 | 86.67 | 0.0 | 0.0 | 13.33 | 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) | 0.41 | 78.26 | 84.45 | 3.9 | 19.86 | 202.74 | 15.79 | -22.43 | 27.80 | 47.95 | 22.22 | 50.34 | 3.39 | 73.85 | 2.96 | 73.1 | 0.13 | 18.18 | 43.61 | 11.99 | 15.04 | 2.1 | 70.27 | 110.81 | 29.73 | -55.41 | 0.00 | 0 | 23.02 | -7.85 |
| 2022 (9) | 0.23 | 228.57 | 81.28 | 0.64 | 6.56 | 0 | 20.35 | -9.86 | 18.79 | 192.68 | 14.78 | 181.52 | 1.95 | 242.11 | 1.71 | 235.29 | 0.11 | 22.22 | 38.94 | 34.14 | 14.73 | 0.27 | 33.33 | 0 | 66.67 | -63.64 | 0.00 | 0 | 24.98 | -8.83 |
| 2021 (8) | 0.07 | -63.16 | 80.76 | -4.82 | -5.89 | 0 | 22.58 | 23.06 | 6.42 | -59.52 | 5.25 | -59.4 | 0.57 | -64.81 | 0.51 | -64.34 | 0.09 | -18.18 | 29.03 | -14.47 | 14.69 | -1.34 | -83.33 | 0 | 183.33 | 246.3 | 0.00 | 0 | 27.40 | 4.98 |
| 2020 (7) | 0.19 | -57.78 | 84.85 | -3.75 | 7.76 | -67.61 | 18.35 | 26.61 | 15.86 | -46.56 | 12.93 | -45.6 | 1.62 | -56.8 | 1.43 | -56.53 | 0.11 | -21.43 | 33.94 | -23.21 | 14.89 | 8.37 | 47.06 | -41.53 | 52.94 | 171.32 | 0.00 | 0 | 26.10 | 9.66 |
| 2019 (6) | 0.45 | 4.65 | 88.16 | 0.03 | 23.96 | 6.54 | 14.49 | 2.17 | 29.68 | 6.92 | 23.77 | 5.88 | 3.75 | 3.02 | 3.29 | 3.79 | 0.14 | 0.0 | 44.20 | 5.64 | 13.74 | -7.47 | 80.49 | -1.91 | 19.51 | 8.71 | 0.00 | 0 | 23.80 | -2.18 |
| 2018 (5) | 0.43 | -8.51 | 88.13 | 1.71 | 22.49 | -0.13 | 14.18 | -3.93 | 27.76 | 0.33 | 22.45 | -1.92 | 3.64 | -7.61 | 3.17 | -7.85 | 0.14 | -6.67 | 41.84 | -2.58 | 14.85 | 0.0 | 82.05 | -1.06 | 17.95 | -8.01 | 0.00 | 0 | 24.33 | 5.42 |
| 2017 (4) | 0.47 | 9.3 | 86.65 | 1.24 | 22.52 | 12.1 | 14.77 | 10.74 | 27.67 | 9.71 | 22.89 | 9.84 | 3.94 | 8.84 | 3.44 | 8.86 | 0.15 | 0.0 | 42.95 | 11.07 | 14.85 | 5.77 | 82.93 | 5.04 | 19.51 | -7.32 | 0.00 | 0 | 23.08 | -1.45 |
| 2016 (3) | 0.43 | -21.82 | 85.59 | -1.47 | 20.09 | -20.97 | 13.33 | 15.56 | 25.22 | -18.22 | 20.84 | -18.66 | 3.62 | -21.81 | 3.16 | -21.39 | 0.15 | -6.25 | 38.67 | -8.6 | 14.04 | -8.59 | 78.95 | -5.26 | 21.05 | 26.32 | 0.00 | 0 | 23.42 | -5.56 |
| 2015 (2) | 0.55 | 12.24 | 86.87 | 0.46 | 25.42 | 7.35 | 11.54 | -3.85 | 30.84 | 7.08 | 25.62 | 7.65 | 4.63 | 10.77 | 4.02 | 11.36 | 0.16 | 6.67 | 42.31 | 4.03 | 15.36 | 2.2 | 83.33 | -0.46 | 16.67 | -10.42 | 0.00 | 0 | 24.80 | 3.51 |
| 2014 (1) | 0.49 | -2.0 | 86.47 | 0 | 23.68 | 0 | 12.00 | -4.63 | 28.80 | 0 | 23.80 | 0 | 4.18 | 0 | 3.61 | 0 | 0.15 | 0.0 | 40.67 | -2.52 | 15.03 | -8.3 | 83.72 | 2.33 | 18.60 | 2.33 | 0.00 | 0 | 23.96 | -1.52 |
