- 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) | 0.52 | 67.74 | 372.73 | 31.20 | 9.44 | 22.11 | 6.58 | 278.16 | 207.52 | 7.27 | 54.68 | 252.91 | 6.01 | 15.36 | 99.67 | 1.86 | 55.0 | 322.73 | 0.98 | 44.12 | 206.25 | 0.15 | 36.36 | 114.29 | 9.71 | 19.0 | 29.99 | 103.50 | -10.6 | 4.68 | 90.38 | 130.98 | 128.54 | 9.62 | -84.2 | -97.69 | 15.26 | -20.27 | -36.26 |
| 24Q2 (19) | 0.31 | 263.16 | 342.86 | 28.51 | 70.11 | 13.31 | 1.74 | 112.07 | 122.51 | 4.70 | 189.02 | -3.49 | 5.21 | 229.28 | 161.81 | 1.20 | 257.89 | 421.74 | 0.68 | 342.86 | 209.09 | 0.11 | 22.22 | 83.33 | 8.16 | 916.0 | -30.38 | 115.77 | 18.54 | 10.76 | 39.13 | -85.58 | 123.48 | 60.87 | 135.51 | -77.17 | 19.14 | -8.11 | -21.46 |
| 24Q1 (18) | -0.19 | -176.0 | 34.48 | 16.76 | -47.89 | 32.7 | -14.42 | -355.67 | -8.26 | -5.28 | -192.15 | 51.43 | -4.03 | -191.59 | 55.81 | -0.76 | -177.55 | 25.49 | -0.28 | -148.28 | 24.32 | 0.09 | -18.18 | 50.0 | -1.00 | -110.73 | 67.85 | 97.66 | -6.63 | 4.58 | 271.43 | 171.43 | 123.53 | -171.43 | 0 | -700.0 | 20.83 | 4.46 | -26.16 |
| 23Q4 (17) | 0.25 | 127.27 | 266.67 | 32.16 | 25.87 | 23.45 | 5.64 | 192.16 | 872.41 | 5.73 | 178.16 | 279.06 | 4.40 | 46.18 | 245.7 | 0.98 | 122.73 | 284.91 | 0.58 | 81.25 | 825.0 | 0.11 | 57.14 | 37.5 | 9.32 | 24.77 | 321.72 | 104.59 | 5.79 | -5.75 | 100.00 | 131.58 | 750.0 | 0.00 | -100.0 | -100.0 | 19.94 | -16.71 | 23.85 |
| 23Q3 (16) | 0.11 | 57.14 | -47.62 | 25.55 | 1.55 | 63.99 | -6.12 | 20.83 | -12.71 | 2.06 | -57.7 | -44.17 | 3.01 | 51.26 | -6.23 | 0.44 | 91.3 | -38.89 | 0.32 | 45.45 | -27.27 | 0.07 | 16.67 | -22.22 | 7.47 | -36.26 | -5.08 | 98.87 | -5.41 | -25.59 | -316.67 | -90.0 | -114.88 | 416.67 | 56.25 | 68.44 | 23.94 | -1.76 | 42.67 |
| 23Q2 (15) | 0.07 | 124.14 | -97.43 | 25.16 | 99.21 | -12.55 | -7.73 | 41.97 | -193.58 | 4.87 | 144.8 | -86.57 | 1.99 | 121.82 | -93.67 | 0.23 | 122.55 | -97.65 | 0.22 | 159.46 | -94.02 | 0.06 | 0.0 | -45.45 | 11.72 | 476.85 | -70.22 | 104.52 | 11.93 | -34.67 | -166.67 | -237.25 | -830.99 | 266.67 | 1344.44 | 245.42 | 24.37 | -13.61 | 51.65 |
| 23Q1 (14) | -0.29 | -93.33 | -125.66 | 12.63 | -51.52 | -54.8 | -13.32 | -2396.55 | -232.54 | -10.87 | -239.69 | -176.6 | -9.12 | -201.99 | -176.13 | -1.02 | -92.45 | -124.94 | -0.37 | -362.5 | -122.7 | 0.06 | -25.0 | -50.0 | -3.11 | -240.72 | -118.25 | 93.38 | -15.85 | -51.74 | 121.43 | 889.29 | 73.24 | -21.43 | -118.57 | -173.96 | 28.21 | 75.22 | 101.21 |
| 22Q4 (13) | -0.15 | -171.43 | -115.15 | 26.05 | 67.2 | -1.7 | 0.58 | 110.68 | -93.63 | -3.20 | -186.72 | -131.16 | -3.02 | -194.08 | -137.06 | -0.53 | -173.61 | -115.1 | -0.08 | -118.18 | -105.48 | 0.08 | -11.11 | -50.0 | 2.21 | -71.92 | -82.18 | 110.97 | -16.49 | -28.79 | -15.38 | 89.56 | -117.51 | 115.38 | -53.36 | 938.46 | 16.10 | -4.05 | 27.58 |
| 22Q3 (12) | 0.21 | -92.28 | -89.45 | 15.58 | -45.85 | -43.69 | -5.43 | -165.74 | -134.19 | 3.69 | -89.82 | -77.73 | 3.21 | -89.79 | -75.5 | 0.72 | -92.65 | -90.51 | 0.44 | -88.04 | -84.34 | 0.09 | -18.18 | -57.14 | 7.87 | -80.01 | -56.37 | 132.88 | -16.95 | -24.39 | -147.37 | -746.35 | -253.48 | 247.37 | 220.43 | 6115.13 | 16.78 | 4.42 | 62.44 |
| 22Q2 (11) | 2.72 | 140.71 | 78.95 | 28.77 | 2.97 | 14.71 | 8.26 | -17.81 | -29.58 | 36.26 | 155.53 | 226.96 | 31.43 | 162.35 | 239.78 | 9.80 | 139.61 | 68.38 | 3.68 | 125.77 | 66.52 | 0.11 | -8.33 | -52.17 | 39.36 | 130.99 | 210.9 | 160.00 | -17.31 | -15.04 | 22.80 | -67.47 | -78.53 | 77.20 | 166.46 | 1499.25 | 16.07 | 14.62 | 65.5 |
| 22Q1 (10) | 1.13 | 14.14 | 11.88 | 27.94 | 5.43 | 16.03 | 10.05 | 10.44 | -17.62 | 14.19 | 38.17 | 11.47 | 11.98 | 46.99 | 42.96 | 4.09 | 16.52 | 7.92 | 1.63 | 11.64 | 5.16 | 0.12 | -25.0 | -29.41 | 17.04 | 37.42 | 14.13 | 193.50 | 24.17 | 17.43 | 70.09 | -20.24 | -26.91 | 28.97 | 160.75 | 606.92 | 14.02 | 11.09 | 17.52 |
| 21Q4 (9) | 0.99 | -50.25 | -73.17 | 26.50 | -4.23 | -13.2 | 9.10 | -42.7 | -3.19 | 10.27 | -38.02 | -72.85 | 8.15 | -37.79 | -76.78 | 3.51 | -53.75 | -77.15 | 1.46 | -48.04 | -75.75 | 0.16 | -23.81 | -5.88 | 12.40 | -31.26 | -69.04 | 155.83 | -11.33 | -4.92 | 87.88 | -8.48 | 252.63 | 11.11 | 179.17 | -85.26 | 12.62 | 22.17 | -22.86 |
| 21Q3 (8) | 1.99 | 30.92 | 268.52 | 27.67 | 10.33 | -3.29 | 15.88 | 35.38 | 75.66 | 16.57 | 49.41 | 106.61 | 13.10 | 41.62 | 112.32 | 7.59 | 30.41 | 203.6 | 2.81 | 27.15 | 155.45 | 0.21 | -8.7 | 31.25 | 18.04 | 42.5 | 69.39 | 175.74 | -6.68 | 13.02 | 96.02 | -9.59 | -14.65 | 3.98 | 172.14 | 131.84 | 10.33 | 6.39 | -22.62 |
| 21Q2 (7) | 1.52 | 50.5 | 85.37 | 25.08 | 4.15 | -15.16 | 11.73 | -3.85 | 27.92 | 11.09 | -12.88 | -2.63 | 9.25 | 10.38 | -17.78 | 5.82 | 53.56 | 58.15 | 2.21 | 42.58 | 32.34 | 0.23 | 35.29 | 64.29 | 12.66 | -15.2 | -12.93 | 188.32 | 14.29 | 20.51 | 106.21 | 10.75 | 32.76 | -5.52 | -234.62 | -127.59 | 9.71 | -18.61 | -36.49 |
| 21Q1 (6) | 1.01 | -72.63 | 461.11 | 24.08 | -21.13 | -15.89 | 12.20 | 29.79 | 346.89 | 12.73 | -66.34 | 140.19 | 8.38 | -76.13 | 96.25 | 3.79 | -75.33 | 392.21 | 1.55 | -74.25 | 229.79 | 0.17 | 0.0 | 112.5 | 14.93 | -62.72 | 41.79 | 164.78 | 0.54 | 30.73 | 95.90 | 284.82 | 81.15 | 4.10 | -94.56 | -91.29 | 11.93 | -27.08 | -47.65 |
| 20Q4 (5) | 3.69 | 583.33 | 459.09 | 30.53 | 6.71 | 11.87 | 9.40 | 3.98 | -34.4 | 37.82 | 371.57 | 252.8 | 35.10 | 468.88 | 273.8 | 15.36 | 514.4 | 422.45 | 6.02 | 447.27 | 306.76 | 0.17 | 6.25 | 21.43 | 40.05 | 276.06 | 183.44 | 163.89 | 5.4 | 33.74 | 24.92 | -77.85 | -81.31 | 75.39 | 703.15 | 326.18 | 16.36 | 22.55 | 2.38 |
| 20Q3 (4) | 0.54 | -34.15 | 0.0 | 28.61 | -3.21 | 0.0 | 9.04 | -1.42 | 0.0 | 8.02 | -29.59 | 0.0 | 6.17 | -45.16 | 0.0 | 2.50 | -32.07 | 0.0 | 1.10 | -34.13 | 0.0 | 0.16 | 14.29 | 0.0 | 10.65 | -26.75 | 0.0 | 155.49 | -0.5 | 0.0 | 112.50 | 40.62 | 0.0 | -12.50 | -162.5 | 0.0 | 13.35 | -12.69 | 0.0 |
| 20Q2 (3) | 0.82 | 355.56 | 0.0 | 29.56 | 3.25 | 0.0 | 9.17 | 235.9 | 0.0 | 11.39 | 114.91 | 0.0 | 11.25 | 163.47 | 0.0 | 3.68 | 377.92 | 0.0 | 1.67 | 255.32 | 0.0 | 0.14 | 75.0 | 0.0 | 14.54 | 38.08 | 0.0 | 156.27 | 23.97 | 0.0 | 80.00 | 51.11 | 0.0 | 20.00 | -57.5 | 0.0 | 15.29 | -32.91 | 0.0 |
| 20Q1 (2) | 0.18 | -72.73 | 0.0 | 28.63 | 4.91 | 0.0 | 2.73 | -80.95 | 0.0 | 5.30 | -50.56 | 0.0 | 4.27 | -54.53 | 0.0 | 0.77 | -73.81 | 0.0 | 0.47 | -68.24 | 0.0 | 0.08 | -42.86 | 0.0 | 10.53 | -25.48 | 0.0 | 126.05 | 2.86 | 0.0 | 52.94 | -60.29 | 0.0 | 47.06 | 241.18 | 0.0 | 22.79 | 42.62 | 0.0 |
| 19Q4 (1) | 0.66 | 0.0 | 0.0 | 27.29 | 0.0 | 0.0 | 14.33 | 0.0 | 0.0 | 10.72 | 0.0 | 0.0 | 9.39 | 0.0 | 0.0 | 2.94 | 0.0 | 0.0 | 1.48 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 14.13 | 0.0 | 0.0 | 122.54 | 0.0 | 0.0 | 133.33 | 0.0 | 0.0 | -33.33 | 0.0 | 0.0 | 15.98 | 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) | 0.16 | -95.91 | 25.32 | 0.72 | -3.58 | 0 | 3.41 | 101.78 | 1.39 | -90.93 | 0.91 | -93.07 | 0.53 | -96.11 | 0.67 | -89.61 | 0.28 | -36.36 | 6.97 | -63.3 | 104.59 | -5.75 | -255.56 | 0 | 355.56 | 402.2 | 0.44 | 51.94 | 23.42 | 50.32 |
| 2022 (9) | 3.91 | -29.04 | 25.14 | -2.86 | 4.50 | -63.71 | 1.69 | 82.94 | 15.33 | 20.14 | 13.14 | 33.0 | 13.61 | -32.29 | 6.45 | -21.53 | 0.44 | -43.59 | 18.99 | 30.43 | 110.97 | -28.79 | 29.48 | -69.67 | 70.80 | 2408.94 | 0.29 | 5.59 | 15.58 | 41.77 |
| 2021 (8) | 5.51 | 5.35 | 25.88 | -12.27 | 12.40 | 48.5 | 0.92 | -45.36 | 12.76 | -31.95 | 9.88 | -42.29 | 20.10 | -5.99 | 8.22 | -10.65 | 0.78 | 52.94 | 14.56 | -32.93 | 155.83 | -4.92 | 97.18 | 117.81 | 2.82 | -94.9 | 0.27 | -16.41 | 10.99 | -31.74 |
| 2020 (7) | 5.23 | 135.59 | 29.50 | 3.84 | 8.35 | -22.61 | 1.69 | -11.32 | 18.75 | 60.39 | 17.12 | 88.55 | 21.38 | 130.89 | 9.20 | 98.28 | 0.51 | 10.87 | 21.71 | 42.55 | 163.89 | 33.74 | 44.62 | -51.77 | 55.38 | 639.55 | 0.33 | -12.28 | 16.10 | -4.79 |
| 2019 (6) | 2.22 | -59.04 | 28.41 | 1.25 | 10.79 | -18.26 | 1.90 | 181.2 | 11.69 | -23.94 | 9.08 | -19.15 | 9.26 | -60.83 | 4.64 | -53.32 | 0.46 | -45.88 | 15.23 | -9.35 | 122.54 | -1.93 | 92.51 | 7.81 | 7.49 | -47.23 | 0.37 | -41.97 | 16.91 | 49.51 |
| 2018 (5) | 5.42 | 24.88 | 28.06 | 0.25 | 13.20 | -4.0 | 0.68 | -14.36 | 15.37 | 15.39 | 11.23 | 13.89 | 23.64 | 13.38 | 9.94 | 16.67 | 0.85 | 3.66 | 16.80 | 13.74 | 124.95 | -28.59 | 85.81 | -16.84 | 14.19 | 0 | 0.64 | 0 | 11.31 | -3.17 |
| 2017 (4) | 4.34 | 95.5 | 27.99 | -3.52 | 13.75 | 18.03 | 0.79 | -55.7 | 13.32 | 11.84 | 9.86 | 8.35 | 20.85 | 77.3 | 8.52 | 43.92 | 0.82 | 36.67 | 14.77 | 0.96 | 174.97 | 26.97 | 103.18 | 5.37 | -3.18 | 0 | 0.00 | 0 | 11.68 | -30.48 |
| 2016 (3) | 2.22 | -10.12 | 29.01 | -9.88 | 11.65 | 24.73 | 1.78 | -19.97 | 11.91 | -0.83 | 9.10 | -13.91 | 11.76 | -11.98 | 5.92 | -17.89 | 0.60 | -4.76 | 14.63 | -4.38 | 137.80 | 48.65 | 97.92 | 26.2 | 2.08 | -90.71 | 0.00 | 0 | 16.80 | -1.81 |
| 2015 (2) | 2.47 | -24.46 | 32.19 | 0.28 | 9.34 | 16.9 | 2.23 | 78.27 | 12.01 | -6.17 | 10.57 | 4.45 | 13.36 | -21.32 | 7.21 | -13.76 | 0.63 | -20.25 | 15.30 | 4.51 | 92.70 | -13.45 | 77.59 | 24.06 | 22.41 | -40.16 | 0.00 | 0 | 17.11 | 23.54 |
| 2014 (1) | 3.27 | 26.74 | 32.10 | 0 | 7.99 | 0 | 1.25 | -32.99 | 12.80 | 0 | 10.12 | 0 | 16.98 | 0 | 8.36 | 0 | 0.79 | 2.6 | 14.64 | 35.68 | 107.11 | -8.97 | 62.54 | -23.42 | 37.46 | 104.32 | 0.00 | 0 | 13.85 | -0.22 |
