- 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 | -17.65 | 47.37 | 37.28 | 0.73 | 35.56 | 24.19 | 1.21 | 80.39 | 21.24 | -20.36 | 32.42 | 17.29 | -15.66 | 25.38 | 1.74 | -19.07 | 40.32 | 1.25 | -15.54 | 45.35 | 0.06 | -14.29 | 20.0 | 61.60 | -7.24 | -3.58 | 54.44 | -3.17 | -14.86 | 111.11 | 25.93 | 34.92 | -14.81 | -225.93 | -183.95 | 16.98 | -0.29 | -5.3 |
| 24Q2 (19) | 0.34 | 3.03 | 17.24 | 37.01 | 8.09 | 32.65 | 23.90 | 20.22 | 81.2 | 26.67 | -1.11 | 2.46 | 20.50 | -8.85 | -1.63 | 2.15 | 0.94 | 14.36 | 1.48 | 1.37 | 21.31 | 0.07 | 16.67 | 40.0 | 66.41 | -7.67 | -11.45 | 56.22 | -6.77 | -23.34 | 88.24 | 18.93 | 76.47 | 11.76 | -54.41 | -76.47 | 17.03 | -3.89 | -0.58 |
| 24Q1 (18) | 0.33 | 1550.0 | -2.94 | 34.24 | 53.13 | -5.07 | 19.88 | 170.11 | -5.51 | 26.97 | 1014.46 | -0.19 | 22.49 | 1288.27 | 4.8 | 2.13 | 1421.43 | -2.29 | 1.46 | 563.64 | 8.96 | 0.06 | 20.0 | 0.0 | 71.93 | 36.02 | 5.73 | 60.30 | 2.12 | -16.72 | 74.19 | -72.18 | -5.83 | 25.81 | 115.48 | 21.66 | 17.72 | -2.58 | 0.28 |
| 23Q4 (17) | 0.02 | -89.47 | -93.33 | 22.36 | -18.69 | -41.68 | 7.36 | -45.12 | -71.76 | 2.42 | -84.91 | -89.66 | 1.62 | -88.25 | -91.55 | 0.14 | -88.71 | -92.59 | 0.22 | -74.42 | -78.43 | 0.05 | 0.0 | 0.0 | 52.88 | -17.23 | -19.25 | 59.05 | -7.65 | -30.29 | 266.67 | 223.81 | 139.08 | -166.67 | -1044.44 | -1344.44 | 18.19 | 1.45 | 3.94 |
| 23Q3 (16) | 0.19 | -34.48 | -62.0 | 27.50 | -1.43 | -34.76 | 13.41 | 1.67 | -49.62 | 16.04 | -38.38 | -54.22 | 13.79 | -33.83 | -50.2 | 1.24 | -34.04 | -62.99 | 0.86 | -29.51 | -48.19 | 0.05 | 0.0 | -16.67 | 63.89 | -14.81 | -11.53 | 63.94 | -12.82 | -39.53 | 82.35 | 64.71 | 9.8 | 17.65 | -64.71 | -29.41 | 17.93 | 4.67 | -1.97 |
| 23Q2 (15) | 0.29 | -14.71 | -9.38 | 27.90 | -22.65 | -26.69 | 13.19 | -37.31 | -45.13 | 26.03 | -3.66 | 12.15 | 20.84 | -2.89 | 23.17 | 1.88 | -13.76 | -15.32 | 1.22 | -8.96 | 3.39 | 0.05 | -16.67 | -28.57 | 75.00 | 10.25 | 24.03 | 73.34 | 1.28 | -33.9 | 50.00 | -36.54 | -51.61 | 50.00 | 135.71 | 1600.0 | 17.13 | -3.06 | 8.97 |
| 23Q1 (14) | 0.34 | 13.33 | -19.05 | 36.07 | -5.92 | 57.03 | 21.04 | -19.26 | 186.65 | 27.02 | 15.42 | -19.54 | 21.46 | 11.89 | -19.5 | 2.18 | 15.34 | -25.85 | 1.34 | 31.37 | -20.71 | 0.06 | 20.0 | 0.0 | 68.03 | 3.88 | -14.57 | 72.41 | -14.52 | -10.28 | 78.79 | -29.36 | 254.55 | 21.21 | 283.84 | -72.73 | 17.67 | 0.97 | -8.06 |
| 22Q4 (13) | 0.30 | -40.0 | 200.0 | 38.34 | -9.04 | 90.65 | 26.06 | -2.1 | 434.02 | 23.41 | -33.19 | 183.07 | 19.18 | -30.73 | 168.63 | 1.89 | -43.58 | 152.0 | 1.02 | -38.55 | 121.74 | 0.05 | -16.67 | -16.67 | 65.49 | -9.32 | 16.03 | 84.71 | -19.88 | 21.15 | 111.54 | 48.72 | 78.46 | -11.54 | -146.15 | -130.77 | 17.50 | -4.32 | -2.02 |
| 22Q3 (12) | 0.50 | 56.25 | 2400.0 | 42.15 | 10.75 | 35.92 | 26.62 | 10.73 | 43.66 | 35.04 | 50.97 | 579.07 | 27.69 | 63.65 | 2287.07 | 3.35 | 50.9 | 2691.67 | 1.66 | 40.68 | 1560.0 | 0.06 | -14.29 | -14.29 | 72.22 | 19.43 | 48.54 | 105.73 | -4.71 | 52.57 | 75.00 | -27.42 | -77.5 | 25.00 | 850.0 | 110.0 | 18.29 | 16.35 | 11.73 |
| 22Q2 (11) | 0.32 | -23.81 | -3.03 | 38.06 | 65.69 | 1.2 | 24.04 | 227.52 | -1.72 | 23.21 | -30.88 | -0.77 | 16.92 | -36.53 | -9.52 | 2.22 | -24.49 | 5.21 | 1.18 | -30.18 | -16.31 | 0.07 | 16.67 | 0.0 | 60.47 | -24.06 | 1.05 | 110.96 | 37.48 | 122.86 | 103.33 | 365.0 | -0.11 | -3.33 | -104.29 | 3.33 | 15.72 | -18.21 | 0.38 |
| 22Q1 (10) | 0.42 | 320.0 | -27.59 | 22.97 | 14.22 | -44.13 | 7.34 | 50.41 | -70.62 | 33.58 | 306.05 | -4.33 | 26.66 | 273.39 | -11.13 | 2.94 | 292.0 | -22.43 | 1.69 | 267.39 | -31.3 | 0.06 | 0.0 | -25.0 | 79.63 | 41.09 | 21.26 | 80.71 | 15.43 | 47.85 | 22.22 | -64.44 | -68.35 | 77.78 | 107.41 | 161.11 | 19.22 | 7.61 | 24.64 |
| 21Q4 (9) | 0.10 | 400.0 | -81.82 | 20.11 | -35.15 | -57.4 | 4.88 | -73.66 | -85.2 | 8.27 | 60.27 | -75.46 | 7.14 | 515.52 | -73.32 | 0.75 | 525.0 | -79.84 | 0.46 | 360.0 | -80.59 | 0.06 | -14.29 | -33.33 | 56.44 | 16.08 | -9.96 | 69.92 | 0.89 | 21.09 | 62.50 | -81.25 | -36.17 | 37.50 | 115.0 | 1700.0 | 17.86 | 9.1 | 32.39 |
| 21Q3 (8) | 0.02 | -93.94 | -96.61 | 31.01 | -17.55 | -36.7 | 18.53 | -24.24 | -47.67 | 5.16 | -77.94 | -86.09 | 1.16 | -93.8 | -96.1 | 0.12 | -94.31 | -97.09 | 0.10 | -92.91 | -96.06 | 0.07 | 0.0 | -12.5 | 48.62 | -18.75 | -27.34 | 69.30 | 39.18 | 14.89 | 333.33 | 222.22 | 254.17 | -250.00 | -7150.0 | -6475.0 | 16.37 | 4.53 | 2.31 |
| 21Q2 (7) | 0.33 | -43.1 | -57.69 | 37.61 | -8.51 | -23.96 | 24.46 | -2.08 | -32.86 | 23.39 | -33.36 | -35.01 | 18.70 | -37.67 | -49.14 | 2.11 | -44.33 | -60.85 | 1.41 | -42.68 | -58.65 | 0.07 | -12.5 | -22.22 | 59.84 | -8.88 | -7.05 | 49.79 | -8.79 | -29.17 | 103.45 | 47.34 | 1.5 | -3.45 | -111.58 | -79.31 | 15.66 | 1.56 | 0 |
| 21Q1 (6) | 0.58 | 5.45 | 45.0 | 41.11 | -12.92 | -1.96 | 24.98 | -24.23 | -12.57 | 35.10 | 4.15 | 20.83 | 30.00 | 12.11 | 26.9 | 3.79 | 1.88 | 39.34 | 2.46 | 3.8 | 28.8 | 0.08 | -11.11 | 0.0 | 65.67 | 4.77 | 5.26 | 54.59 | -5.46 | 8.1 | 70.21 | -28.29 | -27.66 | 29.79 | 1329.79 | 912.77 | 15.42 | 14.31 | 0 |
| 20Q4 (5) | 0.55 | -6.78 | 10.0 | 47.21 | -3.63 | 7.39 | 32.97 | -6.89 | 12.41 | 33.70 | -9.16 | -1.46 | 26.76 | -9.99 | -7.18 | 3.72 | -9.93 | 6.9 | 2.37 | -6.69 | -2.47 | 0.09 | 12.5 | 12.5 | 62.68 | -6.32 | -5.59 | 57.74 | -4.28 | 37.44 | 97.92 | 4.04 | 14.7 | 2.08 | -46.88 | -85.76 | 13.49 | -15.69 | 0 |
| 20Q3 (4) | 0.59 | -24.36 | 0.0 | 48.99 | -0.95 | 0.0 | 35.41 | -2.8 | 0.0 | 37.10 | 3.08 | 0.0 | 29.73 | -19.15 | 0.0 | 4.13 | -23.38 | 0.0 | 2.54 | -25.51 | 0.0 | 0.08 | -11.11 | 0.0 | 66.91 | 3.93 | 0.0 | 60.32 | -14.2 | 0.0 | 94.12 | -7.66 | 0.0 | 3.92 | 303.92 | 0.0 | 16.00 | 0 | 0.0 |
| 20Q2 (3) | 0.78 | 95.0 | 0.0 | 49.46 | 17.96 | 0.0 | 36.43 | 27.51 | 0.0 | 35.99 | 23.89 | 0.0 | 36.77 | 55.54 | 0.0 | 5.39 | 98.16 | 0.0 | 3.41 | 78.53 | 0.0 | 0.09 | 12.5 | 0.0 | 64.38 | 3.19 | 0.0 | 70.30 | 39.21 | 0.0 | 101.92 | 5.01 | 0.0 | -1.92 | -165.38 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.40 | -20.0 | 0.0 | 41.93 | -4.62 | 0.0 | 28.57 | -2.59 | 0.0 | 29.05 | -15.06 | 0.0 | 23.64 | -18.0 | 0.0 | 2.72 | -21.84 | 0.0 | 1.91 | -21.4 | 0.0 | 0.08 | 0.0 | 0.0 | 62.39 | -6.03 | 0.0 | 50.50 | 20.21 | 0.0 | 97.06 | 13.7 | 0.0 | 2.94 | -79.9 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.50 | 0.0 | 0.0 | 43.96 | 0.0 | 0.0 | 29.33 | 0.0 | 0.0 | 34.20 | 0.0 | 0.0 | 28.83 | 0.0 | 0.0 | 3.48 | 0.0 | 0.0 | 2.43 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | 66.39 | 0.0 | 0.0 | 42.01 | 0.0 | 0.0 | 85.37 | 0.0 | 0.0 | 14.63 | 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) | 0.84 | -44.0 | 28.75 | -19.65 | 14.04 | -34.42 | 43.21 | 10.0 | 18.31 | -36.27 | 14.77 | -34.38 | 5.44 | -45.33 | 3.69 | -36.05 | 0.21 | -16.0 | 64.93 | -6.06 | 59.05 | -30.29 | 76.54 | 2.81 | 23.46 | -8.18 | 0.16 | -14.65 | 17.72 | 0.57 |
| 2022 (9) | 1.50 | 45.63 | 35.78 | 7.51 | 21.41 | 12.8 | 39.29 | 2.85 | 28.73 | 49.64 | 22.51 | 46.93 | 9.95 | 39.36 | 5.77 | 29.08 | 0.25 | -10.71 | 69.12 | 18.87 | 84.71 | 21.15 | 74.45 | -24.7 | 25.55 | 2173.72 | 0.18 | -25.48 | 17.62 | 8.56 |
| 2021 (8) | 1.03 | -55.41 | 33.28 | -29.37 | 18.98 | -43.46 | 38.20 | 30.79 | 19.20 | -43.81 | 15.32 | -48.12 | 7.14 | -54.35 | 4.47 | -57.83 | 0.28 | -20.0 | 58.15 | -9.34 | 69.92 | 21.09 | 98.88 | 0.51 | 1.12 | -30.71 | 0.24 | -19.85 | 16.23 | 7.91 |
| 2020 (7) | 2.31 | 17.86 | 47.12 | 1.93 | 33.57 | 2.94 | 29.21 | -2.97 | 34.17 | 3.05 | 29.53 | 10.6 | 15.64 | 14.66 | 10.60 | 2.91 | 0.35 | -7.89 | 64.14 | -0.03 | 57.74 | 37.44 | 98.38 | 0.17 | 1.62 | -9.19 | 0.31 | 8.75 | 15.04 | -3.22 |
| 2019 (6) | 1.96 | 13.95 | 46.23 | 6.55 | 32.61 | 9.17 | 30.10 | 70.56 | 33.16 | 6.42 | 26.70 | 6.93 | 13.64 | 9.82 | 10.30 | 6.3 | 0.38 | -2.56 | 64.16 | 30.51 | 42.01 | 40.36 | 98.21 | 2.36 | 1.79 | -55.95 | 0.28 | 0 | 15.54 | -1.21 |
| 2018 (5) | 1.72 | 23.74 | 43.39 | 8.64 | 29.87 | 16.91 | 17.65 | -12.36 | 31.16 | 18.57 | 24.97 | 15.23 | 12.42 | 21.29 | 9.69 | 17.88 | 0.39 | 5.41 | 49.16 | 4.98 | 29.93 | 6.29 | 95.95 | -1.51 | 4.05 | 56.76 | 0.00 | 0 | 15.73 | -7.69 |
| 2017 (4) | 1.39 | -8.55 | 39.94 | 6.54 | 25.55 | 3.15 | 20.14 | 27.36 | 26.28 | 5.16 | 21.67 | 4.28 | 10.24 | -6.82 | 8.22 | -13.56 | 0.37 | -17.78 | 46.83 | 13.91 | 28.16 | 12.5 | 97.41 | -1.81 | 2.59 | 225.86 | 0.00 | 0 | 17.04 | 13.68 |
| 2016 (3) | 1.52 | -32.14 | 37.49 | -8.14 | 24.77 | -12.93 | 15.81 | 14.01 | 24.99 | -29.09 | 20.78 | -31.4 | 10.99 | -31.4 | 9.51 | -35.87 | 0.45 | -8.16 | 41.11 | -20.27 | 25.03 | 218.04 | 99.21 | 22.31 | 0.79 | -95.92 | 0.00 | 0 | 14.99 | 0.07 |
| 2015 (2) | 2.24 | 0.9 | 40.81 | 0.79 | 28.45 | 3.83 | 13.87 | -9.86 | 35.24 | 9.44 | 30.29 | 5.28 | 16.02 | 1.84 | 14.83 | 1.71 | 0.49 | -3.92 | 51.56 | 2.93 | 7.87 | -8.91 | 81.11 | -4.44 | 19.44 | 28.63 | 0.00 | 0 | 14.98 | -4.77 |
| 2014 (1) | 2.22 | 0.91 | 40.49 | 0 | 27.40 | 0 | 15.38 | -53.39 | 32.20 | 0 | 28.77 | 0 | 15.73 | 0 | 14.58 | 0 | 0.51 | 8.51 | 50.09 | -27.54 | 8.64 | 15.35 | 84.88 | 3.55 | 15.12 | -16.13 | 0.00 | 0 | 15.73 | 5.43 |
