- 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) | 0.95 | 13.1 | 63.79 | 13.28 | 2.15 | -11.82 | 8.07 | 16.96 | 11.93 | 7.72 | -7.99 | 5.03 | 5.29 | -3.11 | 13.52 | 2.59 | 13.6 | 58.9 | 1.59 | 8.16 | 45.87 | 0.27 | 12.5 | 35.0 | 9.42 | -7.37 | 0.43 | 88.01 | 10.04 | 26.54 | 104.37 | 26.74 | 7.03 | -4.37 | -124.77 | -364.48 | 3.33 | -4.86 | -16.75 |
| 24Q2 (19) | 0.84 | 3.7 | 21.74 | 13.00 | -12.04 | -13.16 | 6.90 | -5.74 | -2.82 | 8.39 | -5.62 | -3.78 | 5.46 | -22.88 | -6.67 | 2.28 | 2.7 | 20.0 | 1.47 | 1.38 | 16.67 | 0.24 | 33.33 | 26.32 | 10.17 | -9.6 | -5.04 | 79.98 | 14.03 | 5.65 | 82.35 | -0.58 | 1.24 | 17.65 | -1.47 | -5.41 | 3.50 | -24.89 | -36.94 |
| 24Q1 (18) | 0.81 | 406.25 | 161.29 | 14.78 | 16.56 | -2.18 | 7.32 | 63.39 | 19.41 | 8.89 | 154.73 | 88.75 | 7.08 | 362.75 | 153.76 | 2.22 | 382.61 | 155.17 | 1.45 | 237.21 | 119.7 | 0.18 | 0.0 | -5.26 | 11.25 | 84.12 | 66.91 | 70.14 | -3.43 | 20.43 | 82.84 | -35.28 | -36.97 | 17.91 | 163.97 | 159.7 | 4.66 | -0.43 | -2.51 |
| 23Q4 (17) | 0.16 | -72.41 | 148.48 | 12.68 | -15.8 | 65.97 | 4.48 | -37.86 | 3086.67 | 3.49 | -52.52 | 207.38 | 1.53 | -67.17 | 157.3 | 0.46 | -71.78 | 150.55 | 0.43 | -60.55 | 204.88 | 0.18 | -10.0 | -10.0 | 6.11 | -34.86 | 573.64 | 72.63 | 4.43 | 7.95 | 128.00 | 31.25 | 3292.0 | -28.00 | -1794.0 | -129.68 | 4.68 | 17.0 | 17.0 |
| 23Q3 (16) | 0.58 | -15.94 | 41.46 | 15.06 | 0.6 | 113.31 | 7.21 | 1.55 | 635.71 | 7.35 | -15.71 | 97.58 | 4.66 | -20.34 | 64.08 | 1.63 | -14.21 | 41.74 | 1.09 | -13.49 | 43.42 | 0.20 | 5.26 | -9.09 | 9.38 | -12.42 | 74.03 | 69.55 | -8.12 | -4.46 | 97.52 | 19.89 | 269.55 | 1.65 | -91.14 | -97.75 | 4.00 | -27.93 | -0.5 |
| 23Q2 (15) | 0.69 | 122.58 | -33.01 | 14.97 | -0.93 | 16.68 | 7.10 | 15.82 | -15.68 | 8.72 | 85.14 | -3.0 | 5.85 | 109.68 | -2.66 | 1.90 | 118.39 | -32.62 | 1.26 | 90.91 | -22.7 | 0.19 | 0.0 | -24.0 | 10.71 | 58.9 | 2.1 | 75.70 | 29.98 | -17.59 | 81.34 | -38.11 | -13.09 | 18.66 | 162.19 | 191.33 | 5.55 | 16.11 | 78.46 |
| 23Q1 (14) | 0.31 | 193.94 | -89.2 | 15.11 | 97.77 | 24.46 | 6.13 | 4186.67 | -18.59 | 4.71 | 244.92 | -73.09 | 2.79 | 204.49 | -81.14 | 0.87 | 195.6 | -89.43 | 0.66 | 260.98 | -85.33 | 0.19 | -5.0 | -36.67 | 6.74 | 622.48 | -63.9 | 58.24 | -13.44 | -32.0 | 131.43 | 3382.86 | 205.77 | -30.00 | -131.8 | -152.62 | 4.78 | 19.5 | 75.09 |
| 22Q4 (13) | -0.33 | -180.49 | -125.58 | 7.64 | 8.22 | -47.38 | -0.15 | -115.31 | -101.67 | -3.25 | -187.37 | -133.89 | -2.67 | -194.01 | -141.92 | -0.91 | -179.13 | -124.53 | -0.41 | -153.95 | -119.71 | 0.20 | -9.09 | -35.48 | -1.29 | -123.93 | -112.11 | 67.28 | -7.58 | -25.5 | 3.77 | -85.7 | -95.96 | 94.34 | 28.16 | 1326.89 | 4.00 | -0.5 | 30.72 |
| 22Q3 (12) | 0.41 | -60.19 | -72.85 | 7.06 | -44.97 | -56.07 | 0.98 | -88.36 | -91.69 | 3.72 | -58.62 | -68.39 | 2.84 | -52.75 | -66.15 | 1.15 | -59.22 | -74.22 | 0.76 | -53.37 | -69.96 | 0.22 | -12.0 | -24.14 | 5.39 | -48.62 | -58.15 | 72.80 | -20.75 | -12.75 | 26.39 | -71.81 | -73.71 | 73.61 | 1049.47 | 0 | 4.02 | 29.26 | 20.0 |
| 22Q2 (11) | 1.03 | -64.11 | -14.88 | 12.83 | 5.68 | -28.72 | 8.42 | 11.82 | -30.7 | 8.99 | -48.63 | -24.83 | 6.01 | -59.36 | -24.78 | 2.82 | -65.74 | -23.58 | 1.63 | -63.78 | -22.75 | 0.25 | -16.67 | 0.0 | 10.49 | -43.81 | -21.31 | 91.86 | 7.25 | 12.96 | 93.60 | 117.75 | -8.09 | 6.40 | -88.77 | 565.35 | 3.11 | 13.92 | -13.61 |
| 22Q1 (10) | 2.87 | 122.48 | 175.96 | 12.14 | -16.39 | -22.82 | 7.53 | -15.96 | -22.37 | 17.50 | 82.48 | 76.77 | 14.79 | 132.18 | 106.56 | 8.23 | 121.83 | 151.68 | 4.50 | 116.35 | 139.36 | 0.30 | -3.23 | 20.0 | 18.67 | 75.31 | 65.66 | 85.65 | -5.16 | 3.27 | 42.98 | -53.97 | -55.98 | 57.02 | 762.39 | 3130.99 | 2.73 | -10.78 | -35.46 |
| 21Q4 (9) | 1.29 | -14.57 | 152.94 | 14.52 | -9.65 | 17.48 | 8.96 | -24.0 | 65.01 | 9.59 | -18.52 | 65.06 | 6.37 | -24.08 | 63.75 | 3.71 | -16.82 | 120.83 | 2.08 | -17.79 | 108.0 | 0.31 | 6.9 | 29.17 | 10.65 | -17.31 | 43.92 | 90.31 | 8.23 | 11.94 | 93.39 | -6.97 | 0.06 | 6.61 | 0 | -0.83 | 3.06 | -8.66 | -39.17 |
| 21Q3 (8) | 1.51 | 24.79 | 155.93 | 16.07 | -10.72 | 15.61 | 11.79 | -2.96 | 59.32 | 11.77 | -1.59 | 92.32 | 8.39 | 5.01 | 82.0 | 4.46 | 20.87 | 125.25 | 2.53 | 19.91 | 121.93 | 0.29 | 16.0 | 26.09 | 12.88 | -3.38 | 68.59 | 83.44 | 2.61 | -2.01 | 100.38 | -1.42 | -16.8 | 0.00 | 100.0 | 100.0 | 3.35 | -6.94 | -13.21 |
| 21Q2 (7) | 1.21 | 16.35 | 290.32 | 18.00 | 14.43 | 39.32 | 12.15 | 25.26 | 118.13 | 11.96 | 20.81 | 166.96 | 7.99 | 11.59 | 169.02 | 3.69 | 12.84 | 248.11 | 2.11 | 12.23 | 224.62 | 0.25 | 0.0 | 31.58 | 13.33 | 18.28 | 110.58 | 81.32 | -1.95 | -6.42 | 101.83 | 4.29 | -18.53 | -1.38 | -177.98 | 94.5 | 3.60 | -14.89 | 0 |
| 21Q1 (6) | 1.04 | 103.92 | 940.0 | 15.73 | 27.27 | 40.07 | 9.70 | 78.64 | 525.81 | 9.90 | 70.4 | 407.69 | 7.16 | 84.06 | 501.68 | 3.27 | 94.64 | 890.91 | 1.88 | 88.0 | 623.08 | 0.25 | 4.17 | 66.67 | 11.27 | 52.3 | 160.88 | 82.94 | 2.8 | 0.51 | 97.65 | 4.62 | 23.69 | 1.76 | -73.53 | -91.62 | 4.23 | -15.9 | -37.89 |
| 20Q4 (5) | 0.51 | -13.56 | 5000.0 | 12.36 | -11.08 | 10.85 | 5.43 | -26.62 | 382.81 | 5.81 | -5.07 | 423.42 | 3.89 | -15.62 | 3436.36 | 1.68 | -15.15 | 4100.0 | 1.00 | -12.28 | 900.0 | 0.24 | 4.35 | 14.29 | 7.40 | -3.14 | 161.48 | 80.68 | -5.25 | 2.75 | 93.33 | -22.64 | 153.85 | 6.67 | 132.28 | -97.56 | 5.03 | 30.31 | 0 |
| 20Q3 (4) | 0.59 | 90.32 | 0.0 | 13.90 | 7.59 | 0.0 | 7.40 | 32.85 | 0.0 | 6.12 | 36.61 | 0.0 | 4.61 | 55.22 | 0.0 | 1.98 | 86.79 | 0.0 | 1.14 | 75.38 | 0.0 | 0.23 | 21.05 | 0.0 | 7.64 | 20.7 | 0.0 | 85.15 | -2.01 | 0.0 | 120.65 | -3.48 | 0.0 | -20.65 | 17.39 | 0.0 | 3.86 | 0 | 0.0 |
| 20Q2 (3) | 0.31 | 210.0 | 0.0 | 12.92 | 15.05 | 0.0 | 5.57 | 259.35 | 0.0 | 4.48 | 129.74 | 0.0 | 2.97 | 149.58 | 0.0 | 1.06 | 221.21 | 0.0 | 0.65 | 150.0 | 0.0 | 0.19 | 26.67 | 0.0 | 6.33 | 46.53 | 0.0 | 86.90 | 5.31 | 0.0 | 125.00 | 58.33 | 0.0 | -25.00 | -218.75 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.10 | 900.0 | 0.0 | 11.23 | 0.72 | 0.0 | 1.55 | 180.73 | 0.0 | 1.95 | 75.68 | 0.0 | 1.19 | 981.82 | 0.0 | 0.33 | 725.0 | 0.0 | 0.26 | 160.0 | 0.0 | 0.15 | -28.57 | 0.0 | 4.32 | 52.65 | 0.0 | 82.52 | 5.09 | 0.0 | 78.95 | 145.55 | 0.0 | 21.05 | -92.3 | 0.0 | 6.81 | 0 | 0.0 |
| 19Q4 (1) | 0.01 | 0.0 | 0.0 | 11.15 | 0.0 | 0.0 | -1.92 | 0.0 | 0.0 | 1.11 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | 0.04 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 2.83 | 0.0 | 0.0 | 78.52 | 0.0 | 0.0 | -173.33 | 0.0 | 0.0 | 273.33 | 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) | 1.74 | -56.93 | 14.49 | 40.82 | 6.28 | 31.38 | 1.27 | 49.05 | 6.14 | -23.73 | 3.76 | -40.51 | 4.87 | -58.09 | 3.41 | -51.63 | 0.76 | -26.21 | 8.30 | -13.18 | 72.63 | 7.95 | 102.13 | 71.82 | -2.13 | 0 | 0.00 | 0 | 4.74 | 40.65 |
| 2022 (9) | 4.04 | -17.89 | 10.29 | -35.49 | 4.78 | -54.78 | 0.86 | 4.03 | 8.05 | -25.19 | 6.32 | -14.94 | 11.62 | -23.3 | 7.05 | -16.96 | 1.03 | -6.36 | 9.56 | -20.13 | 67.28 | -25.5 | 59.44 | -39.54 | 40.56 | 2306.59 | 0.00 | 0 | 3.37 | -3.71 |
| 2021 (8) | 4.92 | 225.83 | 15.95 | 25.39 | 10.57 | 99.06 | 0.82 | -36.16 | 10.76 | 120.49 | 7.43 | 119.82 | 15.15 | 206.68 | 8.49 | 177.45 | 1.10 | 35.8 | 11.97 | 80.0 | 90.31 | 11.94 | 98.31 | -9.76 | 1.69 | 0 | 0.00 | 0 | 3.50 | -31.1 |
| 2020 (7) | 1.51 | 5.59 | 12.72 | 3.33 | 5.31 | 32.09 | 1.29 | -6.56 | 4.88 | 3.61 | 3.38 | 2.74 | 4.94 | 3.56 | 3.06 | 2.68 | 0.81 | 0.0 | 6.65 | 1.53 | 80.68 | 2.75 | 108.95 | 27.63 | -8.95 | 0 | 0.00 | 0 | 5.08 | -7.3 |
| 2019 (6) | 1.43 | 308.57 | 12.31 | 20.69 | 4.02 | 77.88 | 1.38 | 0.17 | 4.71 | 65.85 | 3.29 | 316.46 | 4.77 | 307.69 | 2.98 | 204.08 | 0.81 | -2.41 | 6.55 | 39.07 | 78.52 | 1.32 | 85.37 | 7.57 | 14.63 | -29.12 | 0.02 | 1.59 | 5.48 | 2.62 |
| 2018 (5) | 0.35 | -54.55 | 10.20 | -15.7 | 2.26 | -37.57 | 1.38 | -3.6 | 2.84 | -14.46 | 0.79 | -54.34 | 1.17 | -50.42 | 0.98 | -42.69 | 0.83 | 3.75 | 4.71 | -9.94 | 77.50 | 0.66 | 79.35 | -27.33 | 20.65 | 0 | 0.02 | 2.75 | 5.34 | -9.34 |
| 2017 (4) | 0.77 | -63.51 | 12.10 | -26.71 | 3.62 | -53.65 | 1.43 | -3.43 | 3.32 | -57.44 | 1.73 | -66.47 | 2.36 | -62.06 | 1.71 | -58.7 | 0.80 | 8.11 | 5.23 | -46.52 | 76.99 | 22.97 | 109.20 | 9.2 | -9.20 | 0 | 0.02 | 0 | 5.89 | -4.07 |
| 2016 (3) | 2.11 | 124.47 | 16.51 | 16.84 | 7.81 | 82.05 | 1.48 | -0.09 | 7.80 | 99.49 | 5.16 | 115.9 | 6.22 | 127.01 | 4.14 | 101.95 | 0.74 | 2.78 | 9.78 | 64.09 | 62.61 | 2.24 | 100.00 | -8.87 | -0.27 | 0 | 0.00 | 0 | 6.14 | -1.6 |
| 2015 (2) | 0.94 | -62.85 | 14.13 | -4.01 | 4.29 | -41.07 | 1.48 | 17.0 | 3.91 | -48.96 | 2.39 | -54.91 | 2.74 | -63.56 | 2.05 | -59.41 | 0.72 | -20.0 | 5.96 | -35.91 | 61.24 | 8.79 | 109.73 | 15.48 | -9.73 | 0 | 0.00 | 0 | 6.24 | 15.56 |
| 2014 (1) | 2.53 | -16.23 | 14.72 | 0 | 7.28 | 0 | 1.26 | -1.1 | 7.66 | 0 | 5.30 | 0 | 7.52 | 0 | 5.05 | 0 | 0.90 | -10.0 | 9.30 | -10.83 | 56.29 | -2.6 | 95.02 | -1.09 | 4.98 | 26.67 | 0.00 | 0 | 5.40 | 12.5 |
