- 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) | 0.24 | 9.09 | 9.09 | 16.30 | 48.45 | 55.53 | 8.81 | 61.06 | 65.91 | 11.06 | 52.13 | 62.41 | 8.88 | 50.25 | 62.94 | 1.51 | 16.15 | 15.27 | 0.71 | 24.56 | 36.54 | 0.07 | -12.5 | -22.22 | 13.15 | 48.76 | 67.52 | 143.33 | 0.89 | -23.48 | 79.69 | 4.95 | 2.46 | 20.31 | -15.62 | -8.59 | 9.16 | 24.46 | 37.95 |
| 24Q2 (19) | 0.22 | -21.43 | -24.14 | 10.98 | -18.85 | -4.52 | 5.47 | -22.74 | -21.18 | 7.27 | -29.07 | -8.9 | 5.91 | -26.77 | -4.68 | 1.30 | -22.16 | -27.78 | 0.57 | -19.72 | -13.64 | 0.08 | 0.0 | -20.0 | 8.84 | -24.77 | -0.67 | 142.06 | -24.83 | -15.53 | 75.93 | 11.56 | -13.72 | 24.07 | -21.21 | 80.56 | 7.36 | -7.54 | 24.11 |
| 24Q1 (18) | 0.28 | 3.7 | 7.69 | 13.53 | 43.63 | -2.52 | 7.08 | 38.01 | -17.29 | 10.25 | 32.26 | 14.65 | 8.07 | 54.89 | 11.46 | 1.67 | 2.45 | 5.03 | 0.71 | 1.43 | 26.79 | 0.08 | -33.33 | 14.29 | 11.75 | 34.13 | 17.85 | 188.99 | 47.68 | -11.89 | 68.06 | 4.01 | -28.6 | 30.56 | -8.33 | 551.85 | 7.96 | 54.26 | 4.87 |
| 23Q4 (17) | 0.27 | 22.73 | -12.9 | 9.42 | -10.11 | -2.79 | 5.13 | -3.39 | -0.58 | 7.75 | 13.8 | -16.22 | 5.21 | -4.4 | -22.93 | 1.63 | 24.43 | -17.26 | 0.70 | 34.62 | 9.37 | 0.12 | 33.33 | 33.33 | 8.76 | 11.59 | -12.49 | 127.97 | -31.68 | -32.96 | 65.43 | -15.87 | 17.23 | 33.33 | 50.0 | -24.56 | 5.16 | -22.29 | -9.79 |
| 23Q3 (16) | 0.22 | -24.14 | -18.52 | 10.48 | -8.87 | -27.17 | 5.31 | -23.49 | -35.16 | 6.81 | -14.66 | -33.75 | 5.45 | -12.1 | -33.94 | 1.31 | -27.22 | -22.94 | 0.52 | -21.21 | 1.96 | 0.09 | -10.0 | 50.0 | 7.85 | -11.8 | -31.26 | 187.32 | 11.38 | -28.44 | 77.78 | -11.62 | -1.68 | 22.22 | 66.67 | 6.35 | 6.64 | 11.97 | -20.19 |
| 23Q2 (15) | 0.29 | 11.54 | 31.82 | 11.50 | -17.15 | -17.21 | 6.94 | -18.93 | -13.68 | 7.98 | -10.74 | -16.18 | 6.20 | -14.36 | -7.19 | 1.80 | 13.21 | 27.66 | 0.66 | 17.86 | 40.43 | 0.10 | 42.86 | 42.86 | 8.90 | -10.73 | -14.75 | 168.18 | -21.59 | -32.47 | 88.00 | -7.67 | 4.6 | 13.33 | 184.44 | -16.0 | 5.93 | -21.87 | -28.3 |
| 23Q1 (14) | 0.26 | -16.13 | 8.33 | 13.88 | 43.24 | 7.6 | 8.56 | 65.89 | 15.36 | 8.94 | -3.35 | 6.3 | 7.24 | 7.1 | 7.58 | 1.59 | -19.29 | 3.25 | 0.56 | -12.5 | -5.08 | 0.07 | -22.22 | -12.5 | 9.97 | -0.4 | 7.9 | 214.49 | 12.37 | 14.08 | 95.31 | 70.77 | 7.9 | 4.69 | -89.39 | -59.82 | 7.59 | 32.69 | -0.91 |
| 22Q4 (13) | 0.31 | 14.81 | 106.67 | 9.69 | -32.66 | 432.42 | 5.16 | -37.0 | 308.06 | 9.25 | -10.02 | 71.93 | 6.76 | -18.06 | 74.68 | 1.97 | 15.88 | 105.21 | 0.64 | 25.49 | 72.97 | 0.09 | 50.0 | 12.5 | 10.01 | -12.35 | 57.89 | 190.88 | -27.08 | 15.86 | 55.81 | -29.44 | 220.44 | 44.19 | 111.46 | -69.29 | 5.72 | -31.25 | -7.44 |
| 22Q3 (12) | 0.27 | 22.73 | 1250.0 | 14.39 | 3.6 | 162.59 | 8.19 | 1.87 | 624.78 | 10.28 | 7.98 | 471.11 | 8.25 | 23.5 | 1618.75 | 1.70 | 20.57 | 1316.67 | 0.51 | 8.51 | 537.5 | 0.06 | -14.29 | -25.0 | 11.42 | 9.39 | 296.53 | 261.77 | 5.1 | 19.68 | 79.10 | -5.97 | 23.05 | 20.90 | 31.64 | -41.49 | 8.32 | 0.6 | 32.27 |
| 22Q2 (11) | 0.22 | -8.33 | 37.5 | 13.89 | 7.67 | 162.08 | 8.04 | 8.36 | 240.68 | 9.52 | 13.2 | 300.0 | 6.68 | -0.74 | 160.94 | 1.41 | -8.44 | 38.24 | 0.47 | -20.34 | 14.63 | 0.07 | -12.5 | -50.0 | 10.44 | 12.99 | 240.07 | 249.06 | 32.46 | 31.13 | 84.13 | -4.76 | -15.87 | 15.87 | 36.05 | 0 | 8.27 | 7.96 | 116.49 |
| 22Q1 (10) | 0.24 | 60.0 | 20.0 | 12.90 | 608.79 | 29.39 | 7.42 | 399.19 | 26.84 | 8.41 | 56.32 | 27.23 | 6.73 | 73.9 | 36.51 | 1.54 | 60.42 | 20.31 | 0.59 | 59.46 | 5.36 | 0.08 | 0.0 | -20.0 | 9.24 | 45.74 | 22.38 | 188.02 | 14.12 | 7.43 | 88.33 | 290.61 | -0.62 | 11.67 | -91.89 | 5.0 | 7.66 | 23.95 | 8.04 |
| 21Q4 (9) | 0.15 | 650.0 | 25.0 | 1.82 | -66.79 | -41.1 | -2.48 | -319.47 | -808.57 | 5.38 | 198.89 | 127.97 | 3.87 | 706.25 | 73.54 | 0.96 | 700.0 | 21.52 | 0.37 | 362.5 | -9.76 | 0.08 | 0.0 | -46.67 | 6.34 | 120.14 | 102.56 | 164.75 | -24.68 | 17.21 | -46.34 | -172.09 | -401.22 | 143.90 | 302.93 | 70.07 | 6.18 | -1.75 | 51.1 |
| 21Q3 (8) | 0.02 | -87.5 | -97.14 | 5.48 | 3.4 | -51.72 | 1.13 | -52.12 | -84.91 | 1.80 | -24.37 | -76.03 | 0.48 | -81.25 | -94.31 | 0.12 | -88.24 | -97.37 | 0.08 | -80.49 | -95.92 | 0.08 | -42.86 | -65.22 | 2.88 | -6.19 | -63.68 | 218.72 | 15.15 | 65.67 | 64.29 | -35.71 | -35.71 | 35.71 | 0 | 0 | 6.29 | 64.66 | 62.53 |
| 21Q2 (7) | 0.16 | -20.0 | -80.95 | 5.30 | -46.84 | -59.48 | 2.36 | -59.66 | -74.65 | 2.38 | -63.99 | -74.49 | 2.56 | -48.07 | -72.17 | 1.02 | -20.31 | -82.26 | 0.41 | -26.79 | -81.61 | 0.14 | 40.0 | -39.13 | 3.07 | -59.34 | -68.45 | 189.94 | 8.53 | 26.53 | 100.00 | 12.5 | 0.58 | 0.00 | -100.0 | 0 | 3.82 | -46.12 | 0 |
| 21Q1 (6) | 0.20 | 66.67 | 385.71 | 9.97 | 222.65 | 206.77 | 5.85 | 1571.43 | 319.1 | 6.61 | 180.08 | 330.31 | 4.93 | 121.08 | 303.72 | 1.28 | 62.03 | 372.34 | 0.56 | 36.59 | 660.0 | 0.10 | -33.33 | 42.86 | 7.55 | 141.21 | 643.17 | 175.01 | 24.51 | -4.28 | 88.89 | 477.78 | 0.74 | 11.11 | -86.87 | 88.89 | 7.09 | 73.35 | -23.52 |
| 20Q4 (5) | 0.12 | -82.86 | -89.57 | 3.09 | -72.78 | -58.91 | 0.35 | -95.33 | -94.53 | 2.36 | -68.58 | -65.04 | 2.23 | -73.55 | -54.95 | 0.79 | -82.71 | -90.2 | 0.41 | -79.08 | -83.47 | 0.15 | -34.78 | -69.39 | 3.13 | -60.53 | -54.96 | 140.56 | 6.47 | -18.77 | 15.38 | -84.62 | -83.79 | 84.62 | 0 | 1565.87 | 4.09 | 5.68 | 0 |
| 20Q3 (4) | 0.70 | -16.67 | 0.0 | 11.35 | -13.23 | 0.0 | 7.49 | -19.55 | 0.0 | 7.51 | -19.51 | 0.0 | 8.43 | -8.37 | 0.0 | 4.57 | -20.52 | 0.0 | 1.96 | -12.11 | 0.0 | 0.23 | 0.0 | 0.0 | 7.93 | -18.5 | 0.0 | 132.02 | -12.06 | 0.0 | 100.00 | 0.58 | 0.0 | 0.00 | 0 | 0.0 | 3.87 | 0 | 0.0 |
| 20Q2 (3) | 0.84 | 1300.0 | 0.0 | 13.08 | 302.46 | 0.0 | 9.31 | 448.69 | 0.0 | 9.33 | 425.09 | 0.0 | 9.20 | 480.17 | 0.0 | 5.75 | 1323.4 | 0.0 | 2.23 | 2330.0 | 0.0 | 0.23 | 228.57 | 0.0 | 9.73 | 800.0 | 0.0 | 150.12 | -17.9 | 0.0 | 99.43 | 12.68 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.07 | -106.09 | 0.0 | 3.25 | -56.78 | 0.0 | -2.67 | -141.72 | 0.0 | -2.87 | -142.52 | 0.0 | -2.42 | -148.89 | 0.0 | -0.47 | -105.83 | 0.0 | -0.10 | -104.03 | 0.0 | 0.07 | -85.71 | 0.0 | -1.39 | -120.0 | 0.0 | 182.84 | 5.67 | 0.0 | 88.24 | -7.04 | 0.0 | 5.88 | 15.81 | 0.0 | 9.27 | 0 | 0.0 |
| 19Q4 (1) | 1.15 | 0.0 | 0.0 | 7.52 | 0.0 | 0.0 | 6.40 | 0.0 | 0.0 | 6.75 | 0.0 | 0.0 | 4.95 | 0.0 | 0.0 | 8.06 | 0.0 | 0.0 | 2.48 | 0.0 | 0.0 | 0.49 | 0.0 | 0.0 | 6.95 | 0.0 | 0.0 | 173.03 | 0.0 | 0.0 | 94.92 | 0.0 | 0.0 | 5.08 | 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) | 1.04 | -0.95 | 11.13 | -10.53 | 6.36 | -9.27 | 0.32 | 3.56 | 7.84 | -15.97 | 5.95 | -15.72 | 6.31 | -4.54 | 2.65 | 5.16 | 0.41 | 20.59 | 8.84 | -13.84 | 127.97 | -32.96 | 81.32 | 8.42 | 19.05 | -22.69 | 0.00 | 0 | 6.20 | -15.42 |
| 2022 (9) | 1.05 | 101.92 | 12.44 | 119.4 | 7.01 | 272.87 | 0.30 | 22.46 | 9.33 | 142.34 | 7.06 | 140.96 | 6.61 | 93.84 | 2.52 | 60.51 | 0.34 | -26.09 | 10.26 | 116.91 | 190.88 | 15.86 | 75.00 | 53.31 | 24.64 | -51.77 | 0.00 | 0 | 7.33 | 31.36 |
| 2021 (8) | 0.52 | -67.3 | 5.67 | -39.03 | 1.88 | -65.76 | 0.25 | 159.82 | 3.85 | -34.86 | 2.93 | -52.59 | 3.41 | -67.62 | 1.57 | -64.07 | 0.46 | -30.3 | 4.73 | -27.68 | 164.75 | 17.21 | 48.92 | -47.32 | 51.08 | 615.11 | 0.00 | 0 | 5.58 | 26.24 |
| 2020 (7) | 1.59 | 82.76 | 9.30 | 34.01 | 5.49 | 28.87 | 0.10 | 7.78 | 5.91 | 36.18 | 6.18 | 96.19 | 10.53 | 72.62 | 4.37 | 101.38 | 0.66 | 10.0 | 6.54 | 28.99 | 140.56 | -18.77 | 92.86 | -5.6 | 7.14 | 335.71 | 0.00 | 0 | 4.42 | 8.87 |
| 2019 (6) | 0.87 | 0 | 6.94 | 0 | 4.26 | 0 | 0.09 | -76.2 | 4.34 | 0 | 3.15 | 0 | 6.10 | 0 | 2.17 | 0 | 0.60 | 445.45 | 5.07 | 0 | 173.03 | -37.71 | 98.36 | -1.64 | 1.64 | 0 | 0.00 | 0 | 4.06 | -76.84 |
| 2018 (5) | -0.68 | 0 | -6.11 | 0 | -19.09 | 0 | 0.37 | 82.12 | -19.04 | 0 | -12.62 | 0 | -4.55 | 0 | -1.09 | 0 | 0.11 | -74.42 | -15.22 | 0 | 277.80 | 43.31 | 100.00 | -13.06 | -0.00 | 0 | 0.00 | 0 | 17.53 | 196.11 |
| 2017 (4) | 1.00 | 354.55 | 11.36 | 97.91 | 6.88 | 341.03 | 0.21 | -50.65 | 5.97 | 317.48 | 5.35 | 192.35 | 6.85 | 291.43 | 2.61 | 174.74 | 0.43 | 30.3 | 7.15 | 126.98 | 193.84 | -5.99 | 115.02 | 4.8 | -15.45 | 0 | 0.00 | 0 | 5.92 | -20.64 |
| 2016 (3) | 0.22 | -68.57 | 5.74 | -52.17 | 1.56 | -73.24 | 0.42 | -19.65 | 1.43 | -74.6 | 1.83 | -66.61 | 1.75 | -61.45 | 0.95 | -56.22 | 0.33 | 0.0 | 3.15 | -58.55 | 206.19 | 22.11 | 109.76 | 6.02 | -9.76 | 0 | 0.00 | 0 | 7.46 | -18.74 |
| 2015 (2) | 0.70 | -25.53 | 12.00 | 0.84 | 5.83 | -7.61 | 0.52 | 36.37 | 5.63 | -9.34 | 5.48 | 12.99 | 4.54 | -22.66 | 2.17 | -23.59 | 0.33 | -36.54 | 7.60 | 3.12 | 168.86 | 24.61 | 103.52 | 1.74 | -3.52 | 0 | 0.00 | 0 | 9.18 | 26.1 |
| 2014 (1) | 0.94 | -86.57 | 11.90 | 0 | 6.31 | 0 | 0.38 | 106.69 | 6.21 | 0 | 4.85 | 0 | 5.87 | 0 | 2.84 | 0 | 0.52 | -51.85 | 7.37 | -55.39 | 135.51 | 4.97 | 101.75 | 2.37 | -1.75 | 0 | 0.00 | 0 | 7.28 | 73.33 |
