- 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) | -0.15 | -128.3 | -110.34 | 14.74 | -23.63 | -47.99 | -1.16 | -117.96 | -106.86 | -2.77 | -134.54 | -113.22 | -2.15 | -133.33 | -112.65 | -0.55 | -128.65 | -110.04 | -0.13 | -113.54 | -105.18 | 0.11 | -15.38 | -21.43 | 13.27 | -37.17 | -60.29 | 136.01 | 4.14 | 9.49 | 44.44 | -44.44 | -45.25 | 55.56 | 177.78 | 195.14 | 40.64 | 11.34 | 15.06 |
| 24Q2 (19) | 0.53 | 65.62 | -64.19 | 19.30 | 23.4 | -33.01 | 6.46 | 1438.1 | -65.96 | 8.02 | 37.33 | -62.75 | 6.45 | 31.9 | -62.57 | 1.92 | 68.42 | -68.05 | 0.96 | 54.84 | -65.47 | 0.13 | 18.18 | -13.33 | 21.12 | -3.69 | -36.35 | 130.60 | 9.82 | -0.89 | 80.00 | 1340.0 | -8.29 | 20.00 | -77.5 | 70.91 | 36.50 | -19.23 | 6.57 |
| 24Q1 (18) | 0.32 | -42.86 | -68.93 | 15.64 | -39.05 | -43.27 | 0.42 | -96.66 | -97.48 | 5.84 | -26.82 | -62.68 | 4.89 | -32.27 | -63.4 | 1.14 | -50.0 | -71.85 | 0.62 | -45.13 | -67.54 | 0.11 | -21.43 | -21.43 | 21.93 | 8.56 | -25.05 | 118.92 | -3.65 | 0.53 | 5.56 | -96.51 | -94.8 | 88.89 | 249.71 | 1411.11 | 45.19 | 32.87 | 17.93 |
| 23Q4 (17) | 0.56 | -61.38 | -41.05 | 25.66 | -9.46 | -11.3 | 12.59 | -25.5 | -22.0 | 7.98 | -61.91 | -42.09 | 7.22 | -57.53 | -39.48 | 2.28 | -58.39 | -43.0 | 1.13 | -54.98 | -37.91 | 0.14 | 0.0 | 0.0 | 20.20 | -39.56 | -24.68 | 123.42 | -0.64 | -5.97 | 159.38 | 96.33 | 36.96 | -59.38 | -415.43 | -262.85 | 34.01 | -3.71 | -9.5 |
| 23Q3 (16) | 1.45 | -2.03 | 7.41 | 28.34 | -1.63 | 24.24 | 16.90 | -10.96 | 50.36 | 20.95 | -2.69 | 6.83 | 17.00 | -1.33 | 7.39 | 5.48 | -8.82 | 2.05 | 2.51 | -9.71 | 5.91 | 0.14 | -6.67 | 0.0 | 33.42 | 0.72 | 1.06 | 124.22 | -5.73 | -8.86 | 81.18 | -6.94 | 41.59 | 18.82 | 60.86 | -55.88 | 35.32 | 3.12 | -12.47 |
| 23Q2 (15) | 1.48 | 43.69 | -6.92 | 28.81 | 4.5 | 0.21 | 18.98 | 13.72 | 9.71 | 21.53 | 37.57 | -0.97 | 17.23 | 28.97 | -4.81 | 6.01 | 48.4 | -7.82 | 2.78 | 45.55 | -2.8 | 0.15 | 7.14 | 0.0 | 33.18 | 13.4 | -5.31 | 131.77 | 11.4 | -5.15 | 87.23 | -18.3 | 9.04 | 11.70 | 272.61 | -41.49 | 34.25 | -10.62 | -2.06 |
| 23Q1 (14) | 1.03 | 8.42 | -7.21 | 27.57 | -4.7 | 7.36 | 16.69 | 3.41 | 22.18 | 15.65 | 13.57 | -4.05 | 13.36 | 11.99 | -7.8 | 4.05 | 1.25 | -14.92 | 1.91 | 4.95 | -9.91 | 0.14 | 0.0 | 0.0 | 29.26 | 9.1 | -5.92 | 118.29 | -9.88 | -11.69 | 106.78 | -8.24 | 27.23 | -6.78 | 58.57 | -142.18 | 38.32 | 1.97 | -2.19 |
| 22Q4 (13) | 0.95 | -29.63 | 93.88 | 28.93 | 26.83 | 29.5 | 16.14 | 43.59 | 70.25 | 13.78 | -29.73 | 68.25 | 11.93 | -24.64 | 83.82 | 4.00 | -25.51 | 81.82 | 1.82 | -23.21 | 80.2 | 0.14 | 0.0 | 0.0 | 26.82 | -18.9 | 12.17 | 131.26 | -3.69 | -2.65 | 116.36 | 102.96 | -1.27 | -16.36 | -138.35 | -14.55 | 37.58 | -6.86 | -2.99 |
| 22Q3 (12) | 1.35 | -15.09 | 104.55 | 22.81 | -20.66 | -3.39 | 11.24 | -35.03 | -0.88 | 19.61 | -9.8 | 81.07 | 15.83 | -12.54 | 92.81 | 5.37 | -17.64 | 86.46 | 2.37 | -17.13 | 82.31 | 0.14 | -6.67 | -6.67 | 33.07 | -5.62 | 29.03 | 136.29 | -1.9 | -8.28 | 57.33 | -28.33 | -45.53 | 42.67 | 113.33 | 910.67 | 40.35 | 15.38 | 10.13 |
| 22Q2 (11) | 1.59 | 43.24 | 269.77 | 28.75 | 11.95 | 37.1 | 17.30 | 26.65 | 98.85 | 21.74 | 33.29 | 242.36 | 18.10 | 24.91 | 213.15 | 6.52 | 36.97 | 209.0 | 2.86 | 34.91 | 183.17 | 0.15 | 7.14 | -6.25 | 35.04 | 12.67 | 74.76 | 138.93 | 3.72 | 3.87 | 80.00 | -4.68 | -42.5 | 20.00 | 24.44 | 151.11 | 34.97 | -10.75 | 4.02 |
| 22Q1 (10) | 1.11 | 126.53 | 164.29 | 25.68 | 14.95 | 29.11 | 13.66 | 44.09 | 147.02 | 16.31 | 99.15 | 225.55 | 14.49 | 123.27 | 126.41 | 4.76 | 116.36 | 149.21 | 2.12 | 109.9 | 125.53 | 0.14 | 0.0 | 7.69 | 31.10 | 30.07 | 42.07 | 133.95 | -0.65 | 0.63 | 83.93 | -28.79 | -21.32 | 16.07 | 212.5 | 220.54 | 39.18 | 1.14 | -1.51 |
| 21Q4 (9) | 0.49 | -25.76 | 58.06 | 22.34 | -5.38 | -3.91 | 9.48 | -16.4 | 7.24 | 8.19 | -24.38 | 37.42 | 6.49 | -20.95 | 41.39 | 2.20 | -23.61 | 58.27 | 1.01 | -22.31 | 42.25 | 0.14 | -6.67 | 7.69 | 23.91 | -6.71 | 4.09 | 134.83 | -9.27 | 3.55 | 117.86 | 11.96 | -18.41 | -14.29 | -171.43 | 71.43 | 38.74 | 5.73 | -0.49 |
| 21Q3 (8) | 0.66 | 53.49 | 26.92 | 23.61 | 12.59 | -13.58 | 11.34 | 30.34 | -10.64 | 10.83 | 70.55 | 4.54 | 8.21 | 42.04 | 2.88 | 2.88 | 36.49 | 20.0 | 1.30 | 28.71 | 16.07 | 0.15 | -6.25 | 25.0 | 25.63 | 27.83 | -6.56 | 148.60 | 11.1 | 7.38 | 105.26 | -24.34 | -14.65 | -5.26 | 86.55 | 77.44 | 36.64 | 8.98 | -9.89 |
| 21Q2 (7) | 0.43 | 2.38 | -48.19 | 20.97 | 5.43 | -25.66 | 8.70 | 57.32 | -43.17 | 6.35 | 26.75 | -49.8 | 5.78 | -9.69 | -43.11 | 2.11 | 10.47 | -45.9 | 1.01 | 7.45 | -40.94 | 0.16 | 23.08 | 0.0 | 20.05 | -8.41 | -22.8 | 133.75 | 0.48 | -8.21 | 139.13 | 30.43 | 16.36 | -39.13 | -193.48 | -80.0 | 33.62 | -15.49 | 0 |
| 21Q1 (6) | 0.42 | 35.48 | -38.24 | 19.89 | -14.45 | -25.89 | 5.53 | -37.44 | -51.15 | 5.01 | -15.94 | -57.43 | 6.40 | 39.43 | -36.25 | 1.91 | 37.41 | -44.64 | 0.94 | 32.39 | -38.96 | 0.13 | 0.0 | -7.14 | 21.89 | -4.7 | -19.31 | 133.11 | 2.23 | -8.88 | 106.67 | -26.15 | 9.63 | -13.33 | 73.33 | -593.33 | 39.78 | 2.18 | 5.66 |
| 20Q4 (5) | 0.31 | -40.38 | 416.67 | 23.25 | -14.9 | -1.69 | 8.84 | -30.34 | 73.67 | 5.96 | -42.47 | 177.21 | 4.59 | -42.48 | 368.37 | 1.39 | -42.08 | 334.37 | 0.71 | -36.61 | 162.96 | 0.13 | 8.33 | 0.0 | 22.97 | -16.26 | 21.92 | 130.21 | -5.91 | -11.84 | 144.44 | 17.12 | -42.22 | -50.00 | -114.29 | 66.67 | 38.93 | -4.25 | -11.84 |
| 20Q3 (4) | 0.52 | -37.35 | 0.0 | 27.32 | -3.15 | 0.0 | 12.69 | -17.11 | 0.0 | 10.36 | -18.1 | 0.0 | 7.98 | -21.46 | 0.0 | 2.40 | -38.46 | 0.0 | 1.12 | -34.5 | 0.0 | 0.12 | -25.0 | 0.0 | 27.43 | 5.62 | 0.0 | 138.39 | -5.03 | 0.0 | 123.33 | 3.15 | 0.0 | -23.33 | -7.33 | 0.0 | 40.66 | 0 | 0.0 |
| 20Q2 (3) | 0.83 | 22.06 | 0.0 | 28.21 | 5.1 | 0.0 | 15.31 | 35.25 | 0.0 | 12.65 | 7.48 | 0.0 | 10.16 | 1.2 | 0.0 | 3.90 | 13.04 | 0.0 | 1.71 | 11.04 | 0.0 | 0.16 | 14.29 | 0.0 | 25.97 | -4.28 | 0.0 | 145.72 | -0.25 | 0.0 | 119.57 | 22.89 | 0.0 | -21.74 | -904.35 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.68 | 1033.33 | 0.0 | 26.84 | 13.49 | 0.0 | 11.32 | 122.4 | 0.0 | 11.77 | 447.44 | 0.0 | 10.04 | 924.49 | 0.0 | 3.45 | 978.12 | 0.0 | 1.54 | 470.37 | 0.0 | 0.14 | 7.69 | 0.0 | 27.13 | 44.0 | 0.0 | 146.09 | -1.09 | 0.0 | 97.30 | -61.08 | 0.0 | 2.70 | 101.8 | 0.0 | 37.65 | -14.74 | 0.0 |
| 19Q4 (1) | 0.06 | 0.0 | 0.0 | 23.65 | 0.0 | 0.0 | 5.09 | 0.0 | 0.0 | 2.15 | 0.0 | 0.0 | 0.98 | 0.0 | 0.0 | 0.32 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 18.84 | 0.0 | 0.0 | 147.70 | 0.0 | 0.0 | 250.00 | 0.0 | 0.0 | -150.00 | 0.0 | 0.0 | 44.16 | 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) | 4.52 | -9.78 | 27.62 | 3.83 | 16.33 | 11.54 | 10.96 | -10.06 | 16.63 | -6.99 | 13.77 | -8.75 | 17.93 | -12.37 | 8.32 | -9.66 | 0.57 | -1.72 | 29.00 | -7.91 | 123.42 | -5.97 | 98.15 | 19.81 | 1.85 | -89.76 | 0.70 | -21.43 | 35.40 | -6.77 |
| 2022 (9) | 5.01 | 150.5 | 26.60 | 22.19 | 14.64 | 64.68 | 12.19 | -10.14 | 17.88 | 132.51 | 15.09 | 124.22 | 20.46 | 123.85 | 9.21 | 111.24 | 0.58 | 0.0 | 31.49 | 37.69 | 131.26 | -2.65 | 81.92 | -28.91 | 18.08 | 0 | 0.89 | -31.01 | 37.97 | 2.54 |
| 2021 (8) | 2.00 | -14.53 | 21.77 | -17.85 | 8.89 | -27.13 | 13.56 | -0.9 | 7.69 | -25.63 | 6.73 | -19.21 | 9.14 | -17.88 | 4.36 | -15.83 | 0.58 | 3.57 | 22.87 | -11.32 | 134.83 | 3.55 | 115.24 | -1.97 | -15.24 | 0 | 1.29 | -8.69 | 37.03 | -0.48 |
| 2020 (7) | 2.34 | 91.8 | 26.50 | 12.0 | 12.20 | 76.3 | 13.69 | -8.53 | 10.34 | 61.31 | 8.33 | 72.11 | 11.13 | 89.93 | 5.18 | 62.89 | 0.56 | 9.8 | 25.79 | 7.86 | 130.21 | -11.84 | 117.56 | 8.28 | -17.56 | 0 | 1.41 | -9.26 | 37.21 | -9.2 |
| 2019 (6) | 1.22 | -42.45 | 23.66 | -1.25 | 6.92 | -4.81 | 14.96 | 30.33 | 6.41 | -33.78 | 4.84 | -37.63 | 5.86 | -44.87 | 3.18 | -38.13 | 0.51 | -13.56 | 23.91 | 1.27 | 147.70 | 19.35 | 108.57 | 46.15 | -8.57 | 0 | 1.56 | -21.49 | 40.98 | 1.99 |
| 2018 (5) | 2.12 | -5.36 | 23.96 | -13.81 | 7.27 | -44.38 | 11.48 | 18.08 | 9.68 | -6.74 | 7.76 | -2.63 | 10.63 | -19.41 | 5.14 | -18.02 | 0.59 | -16.9 | 23.61 | 6.3 | 123.75 | -14.12 | 74.29 | -41.38 | 24.76 | 0 | 1.98 | 0 | 40.18 | 5.51 |
| 2017 (4) | 2.24 | -52.44 | 27.80 | -14.8 | 13.07 | -37.04 | 9.72 | 15.73 | 10.38 | -45.48 | 7.97 | -47.67 | 13.19 | -59.82 | 6.27 | -53.83 | 0.71 | -14.46 | 22.21 | -24.25 | 144.10 | 16.58 | 126.72 | 16.16 | -25.86 | 0 | 0.00 | 0 | 38.08 | 21.12 |
| 2016 (3) | 4.71 | 129.76 | 32.63 | 45.28 | 20.76 | 113.8 | 8.40 | -17.52 | 19.04 | 114.17 | 15.23 | 104.7 | 32.83 | 91.88 | 13.58 | 111.53 | 0.83 | 18.57 | 29.32 | 34.93 | 123.61 | -41.52 | 109.09 | 0.88 | -9.09 | 0 | 0.00 | 0 | 31.44 | -11.54 |
| 2015 (2) | 2.05 | -27.56 | 22.46 | -6.77 | 9.71 | -19.95 | 10.19 | 6.16 | 8.89 | -23.23 | 7.44 | -25.97 | 17.11 | -41.08 | 6.42 | -28.82 | 0.70 | -7.89 | 21.73 | -8.85 | 211.37 | -13.99 | 108.14 | 3.63 | -9.30 | 0 | 0.00 | 0 | 35.54 | 6.82 |
| 2014 (1) | 2.83 | 197.89 | 24.09 | 0 | 12.13 | 0 | 9.60 | -5.06 | 11.58 | 0 | 10.05 | 0 | 29.04 | 0 | 9.02 | 0 | 0.76 | 10.14 | 23.84 | 30.2 | 245.76 | -23.76 | 104.35 | -10.56 | -4.35 | 0 | 0.00 | 0 | 33.27 | -9.89 |
