- 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) | 0.65 | -9.72 | -23.53 | 13.99 | -0.78 | 6.31 | 3.71 | -2.88 | 14.86 | 3.17 | -20.75 | -18.93 | 3.05 | -6.73 | -25.79 | 2.22 | -11.2 | -31.27 | 0.95 | -10.38 | -24.6 | 0.24 | -11.11 | -7.69 | 7.01 | -7.76 | -7.4 | 193.77 | -3.22 | -3.16 | 116.67 | 22.68 | 39.69 | -16.67 | -440.0 | -194.79 | 7.91 | 5.05 | 15.81 |
| 24Q2 (19) | 0.72 | 176.92 | 20.0 | 14.10 | 14.63 | -2.89 | 3.82 | 241.07 | -20.08 | 4.00 | 166.67 | 30.29 | 3.27 | 89.02 | 5.14 | 2.50 | 174.73 | 9.17 | 1.06 | 112.0 | 9.28 | 0.27 | 42.11 | 8.0 | 7.60 | 15.85 | 6.59 | 200.22 | 17.4 | 0.44 | 95.10 | 23.63 | -38.87 | 4.90 | -81.79 | 108.82 | 7.53 | -26.61 | -4.68 |
| 24Q1 (18) | 0.26 | -76.36 | -7.14 | 12.30 | -20.23 | -15.64 | 1.12 | -78.99 | -60.56 | 1.50 | -70.59 | -17.58 | 1.73 | -62.72 | -15.2 | 0.91 | -75.67 | -17.27 | 0.50 | -65.52 | -9.09 | 0.19 | -29.63 | 5.56 | 6.56 | -26.62 | -9.52 | 170.54 | -10.38 | -7.74 | 76.92 | -25.86 | -50.55 | 26.92 | 696.79 | 148.46 | 10.26 | 54.75 | 4.8 |
| 23Q4 (17) | 1.10 | 29.41 | 12.24 | 15.42 | 17.17 | 4.83 | 5.33 | 65.02 | -13.33 | 5.10 | 30.43 | 0.2 | 4.64 | 12.9 | 1.75 | 3.74 | 15.79 | -1.32 | 1.45 | 15.08 | 2.84 | 0.27 | 3.85 | 0.0 | 8.94 | 18.1 | 8.1 | 190.29 | -4.9 | -9.42 | 103.76 | 24.24 | -14.29 | -4.51 | -125.66 | 78.57 | 6.63 | -2.93 | -3.35 |
| 23Q3 (16) | 0.85 | 41.67 | 51.79 | 13.16 | -9.37 | -18.87 | 3.23 | -32.43 | -2.71 | 3.91 | 27.36 | 48.67 | 4.11 | 32.15 | 17.43 | 3.23 | 41.05 | 41.05 | 1.26 | 29.9 | 29.9 | 0.26 | 4.0 | 13.04 | 7.57 | 6.17 | 12.48 | 200.10 | 0.38 | 0.27 | 83.52 | -46.31 | -34.07 | 17.58 | 131.65 | 165.93 | 6.83 | -13.54 | -19.27 |
| 23Q2 (15) | 0.60 | 114.29 | 143.8 | 14.52 | -0.41 | 223.39 | 4.78 | 68.31 | 140.92 | 3.07 | 68.68 | 123.63 | 3.11 | 52.45 | 123.96 | 2.29 | 108.18 | 139.69 | 0.97 | 76.36 | 152.72 | 0.25 | 38.89 | 66.67 | 7.13 | -1.66 | 189.24 | 199.34 | 7.84 | 12.6 | 155.56 | 0.0 | 72.05 | -55.56 | 0.0 | -640.74 | 7.90 | -19.31 | 392.59 |
| 23Q1 (14) | 0.28 | -71.43 | 75.0 | 14.58 | -0.88 | 19.8 | 2.84 | -53.82 | 610.0 | 1.82 | -64.24 | 58.26 | 2.04 | -55.26 | 106.06 | 1.10 | -70.98 | 74.6 | 0.55 | -60.99 | 57.14 | 0.18 | -33.33 | -18.18 | 7.25 | -12.33 | 18.85 | 184.85 | -12.01 | -8.11 | 155.56 | 28.5 | 366.67 | -55.56 | -163.89 | -190.91 | 9.79 | 42.71 | -45.73 |
| 22Q4 (13) | 0.98 | 75.0 | 133.33 | 14.71 | -9.31 | 5.3 | 6.15 | 85.24 | 162.82 | 5.09 | 93.54 | 67.43 | 4.56 | 30.29 | 90.0 | 3.79 | 65.5 | 128.31 | 1.41 | 45.36 | 88.0 | 0.27 | 17.39 | 0.0 | 8.27 | 22.88 | 9.25 | 210.07 | 5.26 | 27.69 | 121.05 | -4.43 | 56.09 | -21.05 | 21.05 | -193.78 | 6.86 | -18.91 | -59.53 |
| 22Q3 (12) | 0.56 | 140.88 | 460.0 | 16.22 | 261.25 | 6.64 | 3.32 | 128.42 | 637.78 | 2.63 | 120.25 | 317.46 | 3.50 | 126.96 | 392.96 | 2.29 | 139.69 | 458.54 | 0.97 | 152.72 | 246.43 | 0.23 | 53.33 | 0.0 | 6.73 | 184.23 | 12.17 | 199.57 | 12.73 | 29.85 | 126.67 | 40.1 | 68.89 | -26.67 | -359.56 | -206.67 | 8.46 | 413.33 | -62.35 |
| 22Q2 (11) | -1.37 | -956.25 | -4666.67 | 4.49 | -63.11 | -70.96 | -11.68 | -3020.0 | -3750.0 | -12.99 | -1229.57 | -3518.42 | -12.98 | -1411.11 | -4907.41 | -5.77 | -1015.87 | -3946.67 | -1.84 | -625.71 | -1182.35 | 0.15 | -31.82 | -28.57 | -7.99 | -230.98 | -231.2 | 177.04 | -11.99 | 22.03 | 90.41 | 171.23 | 13.01 | 10.27 | -83.19 | -48.63 | -2.70 | -114.97 | -118.31 |
| 22Q1 (10) | 0.16 | -61.9 | -69.23 | 12.17 | -12.88 | -27.56 | 0.40 | -82.91 | -86.35 | 1.15 | -62.17 | -69.33 | 0.99 | -58.75 | -66.55 | 0.63 | -62.05 | -71.88 | 0.35 | -53.33 | -62.77 | 0.22 | -18.52 | -18.52 | 6.10 | -19.42 | -27.81 | 201.17 | 22.28 | 24.29 | 33.33 | -57.02 | -57.58 | 61.11 | 172.22 | 185.19 | 18.04 | 6.43 | 9.8 |
| 21Q4 (9) | 0.42 | 320.0 | -48.15 | 13.97 | -8.15 | -35.86 | 2.34 | 420.0 | -63.44 | 3.04 | 382.54 | -56.63 | 2.40 | 238.03 | -46.78 | 1.66 | 304.88 | -56.88 | 0.75 | 167.86 | -44.03 | 0.27 | 17.39 | 3.85 | 7.57 | 26.17 | -34.69 | 164.51 | 7.04 | -18.98 | 77.55 | 3.4 | -14.52 | 22.45 | -10.2 | 172.19 | 16.95 | -24.57 | 23.9 |
| 21Q3 (8) | 0.10 | 233.33 | -86.67 | 15.21 | -1.62 | -13.58 | 0.45 | 40.62 | -87.8 | 0.63 | 65.79 | -85.14 | 0.71 | 162.96 | -84.33 | 0.41 | 173.33 | -90.1 | 0.28 | 64.71 | -79.86 | 0.23 | 9.52 | -11.54 | 6.00 | -1.48 | -37.3 | 153.69 | 5.93 | -38.34 | 75.00 | -6.25 | -13.59 | 25.00 | 25.0 | 89.29 | 22.47 | 52.34 | 61.31 |
| 21Q2 (7) | 0.03 | -94.23 | -90.0 | 15.46 | -7.98 | -5.39 | 0.32 | -89.08 | -61.9 | 0.38 | -89.87 | -65.77 | 0.27 | -90.88 | -87.5 | 0.15 | -93.3 | -91.23 | 0.17 | -81.91 | -75.0 | 0.21 | -22.22 | -4.55 | 6.09 | -27.93 | -15.53 | 145.08 | -10.36 | -44.55 | 80.00 | 1.82 | 6.67 | 20.00 | -6.67 | -20.0 | 14.75 | -10.23 | 0 |
| 21Q1 (6) | 0.52 | -35.8 | 130.41 | 16.80 | -22.87 | 577.42 | 2.93 | -54.22 | 113.99 | 3.75 | -46.5 | 116.88 | 2.96 | -34.37 | 115.03 | 2.24 | -41.82 | 124.37 | 0.94 | -29.85 | 137.9 | 0.27 | 3.85 | 92.86 | 8.45 | -27.09 | 163.82 | 161.85 | -20.29 | -36.81 | 78.57 | -13.39 | -16.87 | 21.43 | 159.82 | 291.07 | 16.43 | 20.1 | 0 |
| 20Q4 (5) | 0.81 | 8.0 | 237.5 | 21.78 | 23.75 | 45.2 | 6.40 | 73.44 | 115.49 | 7.01 | 65.33 | 319.76 | 4.51 | -0.44 | 181.87 | 3.85 | -7.0 | 226.27 | 1.34 | -3.6 | 143.64 | 0.26 | 0.0 | 13.04 | 11.59 | 21.11 | 69.44 | 203.06 | -18.54 | -13.07 | 90.72 | 4.53 | -50.52 | 8.25 | -37.56 | 110.6 | 13.68 | -1.79 | 6.21 |
| 20Q3 (4) | 0.75 | 150.0 | 0.0 | 17.60 | 7.71 | 0.0 | 3.69 | 339.29 | 0.0 | 4.24 | 281.98 | 0.0 | 4.53 | 109.72 | 0.0 | 4.14 | 142.11 | 0.0 | 1.39 | 104.41 | 0.0 | 0.26 | 18.18 | 0.0 | 9.57 | 32.73 | 0.0 | 249.27 | -4.72 | 0.0 | 86.79 | 15.72 | 0.0 | 13.21 | -47.17 | 0.0 | 13.93 | 0 | 0.0 |
| 20Q2 (3) | 0.30 | 117.54 | 0.0 | 16.34 | 558.87 | 0.0 | 0.84 | 104.01 | 0.0 | 1.11 | 105.0 | 0.0 | 2.16 | 110.96 | 0.0 | 1.71 | 118.61 | 0.0 | 0.68 | 127.42 | 0.0 | 0.22 | 57.14 | 0.0 | 7.21 | 154.46 | 0.0 | 261.62 | 2.14 | 0.0 | 75.00 | -20.65 | 0.0 | 25.00 | 356.25 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -1.71 | -812.5 | 0.0 | 2.48 | -83.47 | 0.0 | -20.94 | -805.05 | 0.0 | -22.21 | -1429.94 | 0.0 | -19.70 | -1331.25 | 0.0 | -9.19 | -878.81 | 0.0 | -2.48 | -550.91 | 0.0 | 0.14 | -39.13 | 0.0 | -13.24 | -293.57 | 0.0 | 256.14 | 9.65 | 0.0 | 94.52 | -48.44 | 0.0 | 5.48 | 107.05 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.24 | 0.0 | 0.0 | 15.00 | 0.0 | 0.0 | 2.97 | 0.0 | 0.0 | 1.67 | 0.0 | 0.0 | 1.60 | 0.0 | 0.0 | 1.18 | 0.0 | 0.0 | 0.55 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 6.84 | 0.0 | 0.0 | 233.59 | 0.0 | 0.0 | 183.33 | 0.0 | 0.0 | -77.78 | 0.0 | 0.0 | 12.88 | 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) | 2.83 | 843.33 | 14.43 | 13.0 | 4.18 | 301.92 | 3.09 | -1.21 | 3.71 | 706.52 | 3.67 | 680.85 | 10.33 | 753.72 | 4.15 | 287.85 | 0.94 | 5.62 | 7.82 | 70.74 | 190.29 | -9.42 | 112.74 | -50.98 | -12.74 | 0 | 0.24 | 20.45 | 7.55 | -8.48 |
| 2022 (9) | 0.30 | -70.87 | 12.77 | -16.7 | 1.04 | -35.8 | 3.13 | -21.26 | 0.46 | -78.1 | 0.47 | -72.35 | 1.21 | -73.58 | 1.07 | -49.05 | 0.89 | -7.29 | 4.58 | -35.67 | 210.07 | 27.69 | 230.00 | 197.5 | -130.00 | 0 | 0.20 | -33.6 | 8.25 | -53.18 |
| 2021 (8) | 1.03 | 543.75 | 15.33 | -6.18 | 1.62 | 1146.15 | 3.98 | -14.47 | 2.10 | 483.33 | 1.70 | 507.14 | 4.58 | 510.67 | 2.10 | 118.75 | 0.96 | 15.66 | 7.12 | 15.02 | 164.51 | -18.98 | 77.31 | 106.16 | 22.69 | -63.7 | 0.30 | -7.7 | 17.62 | 5.83 |
| 2020 (7) | 0.16 | -11.11 | 16.34 | 0.99 | 0.13 | -89.26 | 4.65 | 28.07 | 0.36 | 44.0 | 0.28 | -12.5 | 0.75 | -16.67 | 0.96 | -14.29 | 0.83 | -4.6 | 6.19 | 18.36 | 203.06 | -13.07 | 37.50 | -92.5 | 62.50 | 0 | 0.33 | 24.53 | 16.65 | -10.05 |
| 2019 (6) | 0.18 | -94.04 | 16.18 | -9.76 | 1.21 | -77.3 | 3.63 | 119.0 | 0.25 | -95.32 | 0.32 | -93.16 | 0.90 | -93.79 | 1.12 | -79.22 | 0.87 | -12.12 | 5.23 | -35.11 | 233.59 | 5.68 | 500.00 | 400.0 | -390.00 | 0 | 0.26 | -25.08 | 18.51 | 3.06 |
| 2018 (5) | 3.02 | -20.73 | 17.93 | -7.15 | 5.33 | -27.48 | 1.66 | -9.67 | 5.34 | -30.29 | 4.68 | -26.42 | 14.49 | -23.29 | 5.39 | -26.37 | 0.99 | -5.71 | 8.06 | -21.75 | 221.03 | 7.54 | 100.00 | 3.99 | 0.00 | 0 | 0.35 | 1.36 | 17.96 | 3.82 |
| 2017 (4) | 3.81 | 10.43 | 19.31 | -3.01 | 7.35 | -3.29 | 1.83 | 21.8 | 7.66 | 10.69 | 6.36 | 9.09 | 18.89 | 4.83 | 7.32 | -4.44 | 1.05 | -11.02 | 10.30 | 11.23 | 205.53 | 29.67 | 96.17 | -12.32 | 3.83 | 0 | 0.35 | 0 | 17.30 | 3.47 |
| 2016 (3) | 3.45 | 171.65 | 19.91 | 20.67 | 7.60 | 132.42 | 1.51 | -10.28 | 6.92 | 124.68 | 5.83 | 126.85 | 18.02 | 136.79 | 7.66 | 107.03 | 1.18 | 7.27 | 9.26 | 60.49 | 158.50 | -4.73 | 109.68 | 3.58 | -9.68 | 0 | 0.00 | 0 | 16.72 | 2.2 |
| 2015 (2) | 1.27 | -11.19 | 16.50 | -25.88 | 3.27 | -47.0 | 1.68 | -12.17 | 3.08 | -51.88 | 2.57 | -35.26 | 7.61 | -25.68 | 3.70 | -17.78 | 1.10 | 14.58 | 5.77 | -37.69 | 166.37 | -4.58 | 105.88 | 9.33 | -5.88 | 0 | 0.00 | 0 | 16.36 | 9.5 |
| 2014 (1) | 1.43 | -2.05 | 22.26 | 0 | 6.17 | 0 | 1.91 | 3.58 | 6.40 | 0 | 3.97 | 0 | 10.24 | 0 | 4.50 | 0 | 0.96 | -15.04 | 9.26 | 4.99 | 174.36 | 8.49 | 96.85 | 45.96 | 3.94 | -88.3 | 0.00 | 0 | 14.94 | 17.92 |
