- 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) | 0.41 | 105.0 | 153.95 | 29.37 | 0.96 | 30.07 | 5.15 | 5.75 | 321.98 | 6.86 | 6.52 | 1954.05 | 5.95 | 3.12 | 488.89 | 1.24 | 14.81 | 596.0 | 0.72 | 14.29 | 3700.0 | 0.10 | 11.11 | 25.0 | 27.10 | -4.64 | 15.22 | 98.23 | -6.35 | -0.05 | 75.09 | -0.59 | -87.66 | 24.91 | 1.81 | 104.86 | 23.65 | -13.08 | -15.35 |
| 24Q2 (19) | 0.20 | 300.0 | 400.0 | 29.09 | 7.66 | 27.03 | 4.87 | 6.1 | 126.51 | 6.44 | -3.88 | 45.05 | 5.77 | 2.67 | 40.39 | 1.08 | 6.93 | 45.95 | 0.63 | 6.78 | 40.0 | 0.09 | 0.0 | 0.0 | 28.42 | 0.64 | 8.93 | 104.89 | 0.58 | -3.02 | 75.53 | 10.36 | 55.95 | 24.47 | -21.94 | -52.55 | 27.21 | 8.02 | 6.33 |
| 24Q1 (18) | 0.05 | -93.75 | 150.0 | 27.02 | -12.47 | 15.37 | 4.59 | -56.2 | 21.43 | 6.70 | -43.32 | 65.43 | 5.62 | -46.07 | 77.29 | 1.01 | -49.75 | 74.14 | 0.59 | -46.36 | 59.46 | 0.09 | -10.0 | 0.0 | 28.24 | -9.55 | 16.07 | 104.28 | 4.95 | -0.82 | 68.44 | -22.84 | -26.8 | 31.34 | 177.39 | 382.34 | 25.19 | 16.73 | 2.94 |
| 23Q4 (17) | 0.80 | 205.26 | -69.7 | 30.87 | 36.71 | -15.45 | 10.48 | 551.72 | -46.72 | 11.82 | 3294.59 | -39.94 | 10.42 | 781.05 | -33.46 | 2.01 | 904.0 | -48.2 | 1.10 | 5600.0 | -49.31 | 0.10 | 25.0 | -23.08 | 31.22 | 32.74 | -10.13 | 99.36 | 1.1 | 14.05 | 88.70 | -85.43 | -11.25 | 11.30 | 102.2 | 20860.45 | 21.58 | -22.76 | -0.69 |
| 23Q3 (16) | -0.76 | -2000.0 | -115.87 | 22.58 | -1.4 | -42.04 | -2.32 | -207.91 | -109.18 | -0.37 | -108.33 | -101.38 | -1.53 | -137.23 | -107.23 | -0.25 | -133.78 | -103.68 | -0.02 | -104.44 | -100.53 | 0.08 | -11.11 | -55.56 | 23.52 | -9.85 | -40.0 | 98.28 | -9.13 | 19.32 | 608.70 | 1156.8 | 546.04 | -513.04 | -1094.89 | -8976.51 | 27.94 | 9.18 | 30.81 |
| 23Q2 (15) | 0.04 | 100.0 | -99.14 | 22.90 | -2.22 | -38.27 | 2.15 | -43.12 | -90.98 | 4.44 | 9.63 | -82.63 | 4.11 | 29.65 | -79.49 | 0.74 | 27.59 | -89.2 | 0.45 | 21.62 | -88.03 | 0.09 | 0.0 | -52.63 | 26.09 | 7.23 | -29.1 | 108.16 | 2.87 | 32.13 | 48.43 | -48.2 | -48.06 | 51.57 | 693.57 | 662.58 | 25.59 | 4.58 | 22.44 |
| 23Q1 (14) | 0.02 | -99.24 | -99.41 | 23.42 | -35.85 | -33.41 | 3.78 | -80.78 | -81.75 | 4.05 | -79.42 | -81.66 | 3.17 | -79.76 | -81.56 | 0.58 | -85.05 | -88.99 | 0.37 | -82.95 | -87.37 | 0.09 | -30.77 | -47.06 | 24.33 | -29.97 | -27.61 | 105.14 | 20.68 | 20.34 | 93.50 | -6.45 | -0.28 | 6.50 | 11954.15 | 4.92 | 24.47 | 12.61 | 3.95 |
| 22Q4 (13) | 2.64 | -44.89 | -12.58 | 36.51 | -6.29 | 8.76 | 19.67 | -22.19 | 9.4 | 19.68 | -26.62 | 10.31 | 15.66 | -25.96 | 1.56 | 3.88 | -42.86 | -18.66 | 2.17 | -42.74 | -21.94 | 0.13 | -27.78 | -27.78 | 34.74 | -11.38 | 17.33 | 87.12 | 5.77 | 13.16 | 99.95 | 6.08 | -0.84 | 0.05 | -99.07 | 106.84 | 21.73 | 1.73 | 1.21 |
| 22Q3 (12) | 4.79 | 3.01 | 56.03 | 38.96 | 5.01 | 18.13 | 25.28 | 6.08 | 45.96 | 26.82 | 4.93 | 45.05 | 21.15 | 5.54 | 31.45 | 6.79 | -0.88 | 32.36 | 3.79 | 0.8 | 24.26 | 0.18 | -5.26 | -5.26 | 39.20 | 6.52 | 29.8 | 82.37 | 0.62 | 17.71 | 94.22 | 1.05 | 0.63 | 5.78 | -14.53 | -8.44 | 21.36 | 2.2 | -7.77 |
| 22Q2 (11) | 4.65 | 37.17 | 146.03 | 37.10 | 5.49 | 36.9 | 23.83 | 15.07 | 91.56 | 25.56 | 15.76 | 97.22 | 20.04 | 16.58 | 72.61 | 6.85 | 29.98 | 98.55 | 3.76 | 28.33 | 74.07 | 0.19 | 11.76 | 5.56 | 36.80 | 9.49 | 45.22 | 81.86 | -6.31 | 15.87 | 93.24 | -0.56 | -2.9 | 6.76 | 9.18 | 69.96 | 20.90 | -11.21 | -3.55 |
| 22Q1 (10) | 3.39 | 12.25 | 494.74 | 35.17 | 4.77 | 59.0 | 20.71 | 15.18 | 242.31 | 22.08 | 23.77 | 253.85 | 17.19 | 11.48 | 233.14 | 5.27 | 10.48 | 311.72 | 2.93 | 5.4 | 229.21 | 0.17 | -5.56 | 0.0 | 33.61 | 13.51 | 60.28 | 87.37 | 13.48 | 66.9 | 93.76 | -6.97 | -3.46 | 6.19 | 885.69 | 99.52 | 23.54 | 9.64 | 0.43 |
| 21Q4 (9) | 3.02 | -1.63 | 694.74 | 33.57 | 1.79 | 39.64 | 17.98 | 3.81 | 147.66 | 17.84 | -3.52 | 235.34 | 15.42 | -4.16 | 252.05 | 4.77 | -7.02 | 318.42 | 2.78 | -8.85 | 243.21 | 0.18 | -5.26 | 0.0 | 29.61 | -1.95 | 49.17 | 76.99 | 10.02 | 65.32 | 100.79 | 7.64 | -26.06 | -0.79 | -112.49 | 97.83 | 21.47 | -7.3 | 6.45 |
| 21Q3 (8) | 3.07 | 62.43 | 2261.54 | 32.98 | 21.7 | 57.87 | 17.32 | 39.23 | 322.44 | 18.49 | 42.67 | 462.01 | 16.09 | 38.59 | 498.14 | 5.13 | 48.7 | 701.56 | 3.05 | 41.2 | 548.94 | 0.19 | 5.56 | 11.76 | 30.20 | 19.18 | 55.19 | 69.98 | -0.95 | 54.14 | 93.63 | -2.49 | -24.96 | 6.31 | 58.65 | 125.47 | 23.16 | 6.88 | 6.0 |
| 21Q2 (7) | 1.89 | 231.58 | 263.46 | 27.10 | 22.51 | 21.25 | 12.44 | 105.62 | 98.41 | 12.96 | 107.69 | 131.02 | 11.61 | 125.0 | 135.02 | 3.45 | 169.53 | 192.37 | 2.16 | 142.7 | 154.12 | 0.18 | 5.88 | 5.88 | 25.34 | 20.84 | 13.79 | 70.65 | 34.96 | 59.95 | 96.02 | -1.13 | -13.92 | 3.98 | 28.17 | 133.69 | 21.67 | -7.55 | -1.23 |
| 21Q1 (6) | 0.57 | 50.0 | 216.67 | 22.12 | -7.99 | 23.92 | 6.05 | -16.67 | 317.24 | 6.24 | 17.29 | 220.0 | 5.16 | 17.81 | 285.07 | 1.28 | 12.28 | 357.14 | 0.89 | 9.88 | 256.0 | 0.17 | -5.56 | 21.43 | 20.97 | 5.64 | -2.87 | 52.35 | 12.41 | 17.91 | 97.12 | -28.76 | 29.87 | 3.10 | 108.55 | -87.69 | 23.44 | 16.21 | 2.81 |
| 20Q4 (5) | 0.38 | 192.31 | 3700.0 | 24.04 | 15.08 | 24.05 | 7.26 | 77.07 | 272.31 | 5.32 | 61.7 | 220.48 | 4.38 | 62.83 | 231.82 | 1.14 | 78.12 | 293.1 | 0.81 | 72.34 | 211.54 | 0.18 | 5.88 | 20.0 | 19.85 | 2.0 | -3.69 | 46.57 | 2.58 | 4.39 | 136.32 | 9.25 | 16.21 | -36.32 | -46.57 | -109.84 | 20.17 | -7.69 | -11.07 |
| 20Q3 (4) | 0.13 | -75.0 | 0.0 | 20.89 | -6.53 | 0.0 | 4.10 | -34.61 | 0.0 | 3.29 | -41.35 | 0.0 | 2.69 | -45.55 | 0.0 | 0.64 | -45.76 | 0.0 | 0.47 | -44.71 | 0.0 | 0.17 | 0.0 | 0.0 | 19.46 | -12.62 | 0.0 | 45.40 | 2.78 | 0.0 | 124.78 | 11.86 | 0.0 | -24.78 | -109.79 | 0.0 | 21.85 | -0.41 | 0.0 |
| 20Q2 (3) | 0.52 | 188.89 | 0.0 | 22.35 | 25.21 | 0.0 | 6.27 | 332.41 | 0.0 | 5.61 | 187.69 | 0.0 | 4.94 | 268.66 | 0.0 | 1.18 | 321.43 | 0.0 | 0.85 | 240.0 | 0.0 | 0.17 | 21.43 | 0.0 | 22.27 | 3.15 | 0.0 | 44.17 | -0.52 | 0.0 | 111.55 | 49.16 | 0.0 | -11.81 | -146.84 | 0.0 | 21.94 | -3.77 | 0.0 |
| 20Q1 (2) | 0.18 | 1700.0 | 0.0 | 17.85 | -7.89 | 0.0 | 1.45 | -25.64 | 0.0 | 1.95 | 17.47 | 0.0 | 1.34 | 1.52 | 0.0 | 0.28 | -3.45 | 0.0 | 0.25 | -3.85 | 0.0 | 0.14 | -6.67 | 0.0 | 21.59 | 4.75 | 0.0 | 44.40 | -0.47 | 0.0 | 74.78 | -36.25 | 0.0 | 25.22 | 245.7 | 0.0 | 22.80 | 0.53 | 0.0 |
| 19Q4 (1) | 0.01 | 0.0 | 0.0 | 19.38 | 0.0 | 0.0 | 1.95 | 0.0 | 0.0 | 1.66 | 0.0 | 0.0 | 1.32 | 0.0 | 0.0 | 0.29 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 20.61 | 0.0 | 0.0 | 44.61 | 0.0 | 0.0 | 117.31 | 0.0 | 0.0 | -17.31 | 0.0 | 0.0 | 22.68 | 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) | 0.11 | -99.29 | 25.18 | -31.98 | 3.88 | -82.8 | 19.69 | 65.8 | 5.31 | -77.67 | 4.36 | -76.67 | 3.00 | -86.43 | 1.91 | -84.51 | 0.36 | -44.62 | 26.49 | -26.92 | 99.36 | 14.05 | 73.07 | -22.99 | 26.93 | 426.67 | 0.05 | -18.59 | 24.72 | 13.24 |
| 2022 (9) | 15.47 | 80.72 | 37.02 | 25.45 | 22.56 | 60.8 | 11.87 | -2.21 | 23.78 | 64.23 | 18.69 | 48.45 | 22.10 | 52.94 | 12.33 | 36.85 | 0.65 | -8.45 | 36.25 | 34.41 | 87.12 | 13.16 | 94.89 | -2.1 | 5.11 | 66.06 | 0.07 | 16.92 | 21.83 | -2.46 |
| 2021 (8) | 8.56 | 607.44 | 29.51 | 37.45 | 14.03 | 183.43 | 12.14 | -24.85 | 14.48 | 248.92 | 12.59 | 267.06 | 14.45 | 351.56 | 9.01 | 283.4 | 0.71 | 10.94 | 26.97 | 30.1 | 76.99 | 65.32 | 96.92 | -18.83 | 3.08 | 0 | 0.06 | -24.43 | 22.38 | 3.56 |
| 2020 (7) | 1.21 | 0 | 21.47 | 73.71 | 4.95 | 0 | 16.16 | -21.15 | 4.15 | 0 | 3.43 | 0 | 3.20 | 0 | 2.35 | 0 | 0.64 | 20.75 | 20.73 | 58.85 | 46.57 | 4.39 | 119.41 | 33.6 | -19.32 | 0 | 0.07 | 0.62 | 21.61 | -11.07 |
| 2019 (6) | -4.52 | 0 | 12.36 | -45.55 | -7.39 | 0 | 20.49 | 16.12 | -8.27 | 0 | -8.72 | 0 | -6.65 | 0 | -4.35 | 0 | 0.53 | -5.36 | 13.05 | -38.62 | 44.61 | 3.07 | 89.38 | -19.76 | 10.62 | 0 | 0.07 | 111.23 | 24.30 | 5.38 |
| 2018 (5) | 0.78 | -29.09 | 22.70 | 21.78 | 3.34 | 86.59 | 17.65 | 15.48 | 2.99 | 26.16 | 1.73 | 15.33 | 1.38 | 25.45 | 1.20 | 25.0 | 0.56 | 5.66 | 21.26 | 17.2 | 43.28 | 4.72 | 111.39 | 47.69 | -11.39 | 0 | 0.04 | 0 | 23.06 | 8.42 |
| 2017 (4) | 1.10 | -78.04 | 18.64 | -24.9 | 1.79 | -83.99 | 15.28 | 2.19 | 2.37 | -78.63 | 1.50 | -83.24 | 1.10 | -83.58 | 0.96 | -81.1 | 0.53 | -3.64 | 18.14 | -31.52 | 41.33 | 25.2 | 75.43 | -25.19 | 24.57 | 0 | 0.00 | 0 | 21.27 | 7.48 |
| 2016 (3) | 5.01 | -23.04 | 24.82 | -3.98 | 11.18 | -15.88 | 14.95 | 7.87 | 11.09 | -20.22 | 8.95 | -24.41 | 6.70 | -25.31 | 5.08 | -23.49 | 0.55 | 0.0 | 26.49 | -5.93 | 33.01 | -13.83 | 100.82 | 5.46 | -0.78 | 0 | 0.00 | 0 | 19.79 | -4.53 |
| 2015 (2) | 6.51 | -19.73 | 25.85 | -7.18 | 13.29 | -17.3 | 13.86 | 14.58 | 13.90 | -16.47 | 11.84 | -15.37 | 8.97 | -25.99 | 6.64 | -25.73 | 0.55 | -12.7 | 28.16 | -3.13 | 38.31 | 4.67 | 95.60 | -1.01 | 4.43 | 29.52 | 0.00 | 0 | 20.73 | 25.64 |
| 2014 (1) | 8.11 | 12.17 | 27.85 | 0 | 16.07 | 0 | 12.10 | -4.11 | 16.64 | 0 | 13.99 | 0 | 12.12 | 0 | 8.94 | 0 | 0.63 | 1.61 | 29.07 | 1.01 | 36.60 | -4.79 | 96.58 | 2.99 | 3.42 | -45.04 | 0.00 | 0 | 16.50 | 3.84 |
