- 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 | -93.42 | -55.88 | 48.47 | 6.53 | -1.5 | 5.25 | 161.19 | -61.34 | 7.76 | -89.99 | -48.61 | 5.45 | -92.4 | -48.14 | 0.66 | -93.17 | -60.95 | 0.51 | -92.95 | -62.5 | 0.09 | -10.0 | -25.0 | 11.70 | -85.66 | -38.19 | 34.54 | 4.16 | 11.74 | 66.67 | 2377.78 | -25.58 | 33.33 | -65.75 | 220.0 | 28.56 | 5.19 | 18.26 |
| 24Q2 (19) | 2.28 | -11.97 | 117.14 | 45.50 | -7.69 | 1.81 | 2.01 | -84.88 | -76.46 | 77.50 | -1.92 | 134.35 | 71.72 | -1.03 | 147.82 | 9.66 | -16.0 | 93.2 | 7.23 | -19.67 | 77.64 | 0.10 | -16.67 | -28.57 | 81.60 | -0.98 | 122.34 | 33.16 | -7.09 | 21.96 | 2.69 | -83.98 | -89.62 | 97.31 | 16.95 | 31.37 | 27.15 | 11.18 | 12.14 |
| 24Q1 (18) | 2.59 | 219.75 | 159.0 | 49.29 | -4.92 | 9.88 | 13.29 | -12.22 | 176.3 | 79.02 | 259.51 | 124.23 | 72.47 | 229.26 | 126.54 | 11.50 | 214.21 | 136.14 | 9.00 | 206.12 | 120.59 | 0.12 | -7.69 | -7.69 | 82.41 | 221.91 | 112.78 | 35.69 | 67.95 | 66.62 | 16.80 | -75.63 | 19.98 | 83.20 | 167.7 | -3.25 | 24.42 | 0.41 | -7.46 |
| 23Q4 (17) | 0.81 | 138.24 | 118.92 | 51.84 | 5.34 | 9.88 | 15.14 | 11.49 | 15.57 | 21.98 | 45.56 | 32.41 | 22.01 | 109.42 | 121.43 | 3.66 | 116.57 | 92.63 | 2.94 | 116.18 | 87.26 | 0.13 | 8.33 | -13.33 | 25.60 | 35.24 | 28.39 | 21.25 | -31.25 | 12.02 | 68.92 | -23.07 | -13.48 | 31.08 | 198.38 | 52.82 | 24.32 | 0.7 | 1.89 |
| 23Q3 (16) | 0.34 | -67.62 | -29.17 | 49.21 | 10.11 | 20.73 | 13.58 | 59.02 | 94.84 | 15.10 | -54.34 | -41.59 | 10.51 | -63.68 | -19.28 | 1.69 | -66.2 | -31.58 | 1.36 | -66.58 | -31.66 | 0.12 | -14.29 | -20.0 | 18.93 | -48.42 | -34.7 | 30.91 | 13.68 | 8.8 | 89.58 | 245.54 | 232.2 | 10.42 | -85.94 | -85.74 | 24.15 | -0.25 | 6.95 |
| 23Q2 (15) | 1.05 | 5.0 | 537.5 | 44.69 | -0.38 | -10.53 | 8.54 | 77.55 | -50.58 | 33.07 | -6.16 | 1472.2 | 28.94 | -9.53 | 614.03 | 5.00 | 2.67 | 580.77 | 4.07 | -0.25 | 602.47 | 0.14 | 7.69 | -6.67 | 36.70 | -5.24 | 6227.59 | 27.19 | 26.94 | 0.37 | 25.93 | 85.19 | 103.52 | 74.07 | -13.87 | -91.16 | 24.21 | -8.26 | 3.33 |
| 23Q1 (14) | 1.00 | 170.27 | 72.41 | 44.86 | -4.92 | -8.75 | 4.81 | -63.28 | -52.42 | 35.24 | 112.29 | 45.44 | 31.99 | 221.83 | 65.15 | 4.87 | 156.32 | 70.28 | 4.08 | 159.87 | 93.36 | 0.13 | -13.33 | 18.18 | 38.73 | 94.23 | 38.32 | 21.42 | 12.92 | -17.71 | 14.00 | -82.43 | -66.5 | 86.00 | 322.83 | 47.74 | 26.39 | 10.56 | -5.17 |
| 22Q4 (13) | 0.37 | -22.92 | -46.38 | 47.18 | 15.75 | 3.69 | 13.10 | 87.95 | 4.72 | 16.60 | -35.78 | -29.12 | 9.94 | -23.66 | -48.52 | 1.90 | -23.08 | -46.48 | 1.57 | -21.11 | -38.43 | 0.15 | 0.0 | 15.38 | 19.94 | -31.22 | -25.62 | 18.97 | -33.23 | -59.61 | 79.66 | 195.41 | 51.55 | 20.34 | -72.15 | -55.93 | 23.87 | 5.71 | -3.4 |
| 22Q3 (12) | 0.48 | 300.0 | 77.78 | 40.76 | -18.4 | -12.02 | 6.97 | -59.66 | -51.73 | 25.85 | 1172.61 | 157.47 | 13.02 | 331.26 | 83.38 | 2.47 | 337.5 | 91.47 | 1.99 | 345.68 | 101.01 | 0.15 | 0.0 | 7.14 | 28.99 | 4898.28 | 122.49 | 28.41 | 4.87 | -19.54 | 26.97 | 103.66 | -81.46 | 73.03 | -91.28 | 260.67 | 22.58 | -3.63 | -5.01 |
| 22Q2 (11) | -0.24 | -141.38 | -148.0 | 49.95 | 1.61 | 4.26 | 17.28 | 70.92 | 12.79 | -2.41 | -109.95 | -119.59 | -5.63 | -129.07 | -139.15 | -1.04 | -136.36 | -141.11 | -0.81 | -138.39 | -140.91 | 0.15 | 36.36 | 7.14 | 0.58 | -97.93 | -96.2 | 27.09 | 4.07 | -14.38 | -737.50 | -1864.73 | -686.99 | 837.50 | 1338.78 | 3366.25 | 23.43 | -15.81 | -5.94 |
| 22Q1 (10) | 0.58 | -15.94 | 13.73 | 49.16 | 8.04 | 2.12 | 10.11 | -19.18 | 71.07 | 24.23 | 3.46 | 32.19 | 19.37 | 0.31 | 11.58 | 2.86 | -19.44 | 11.28 | 2.11 | -17.25 | 7.65 | 0.11 | -15.38 | 0.0 | 28.00 | 4.44 | 25.28 | 26.03 | -44.58 | -2.11 | 41.79 | -20.5 | 25.37 | 58.21 | 26.12 | -15.33 | 27.83 | 12.63 | -5.08 |
| 21Q4 (9) | 0.69 | 155.56 | -21.59 | 45.50 | -1.79 | -2.28 | 12.51 | -13.37 | 8.97 | 23.42 | 133.27 | -16.42 | 19.31 | 171.97 | -27.54 | 3.55 | 175.19 | -22.83 | 2.55 | 157.58 | -21.05 | 0.13 | -7.14 | 8.33 | 26.81 | 105.76 | -16.19 | 46.97 | 33.02 | 17.22 | 52.56 | -63.86 | 28.32 | 46.15 | 201.54 | -21.82 | 24.71 | 3.95 | -17.66 |
| 21Q3 (8) | 0.27 | -46.0 | -43.75 | 46.33 | -3.3 | -0.22 | 14.44 | -5.74 | 1860.98 | 10.04 | -18.37 | -42.89 | 7.10 | -50.63 | -52.57 | 1.29 | -49.01 | -51.5 | 0.99 | -50.0 | -39.26 | 0.14 | 0.0 | 27.27 | 13.03 | -14.61 | -38.01 | 35.31 | 11.6 | -26.82 | 145.45 | 15.77 | 3881.82 | -45.45 | -77.27 | -143.77 | 23.77 | -4.58 | -24.75 |
| 21Q2 (7) | 0.50 | -1.96 | 516.67 | 47.91 | -0.48 | 9.51 | 15.32 | 159.22 | 295.91 | 12.30 | -32.9 | 278.52 | 14.38 | -17.17 | 433.64 | 2.53 | -1.56 | 508.06 | 1.98 | 1.02 | 892.0 | 0.14 | 27.27 | 75.0 | 15.26 | -31.72 | 3733.33 | 31.64 | 18.99 | -57.15 | 125.64 | 276.92 | 5.8 | -25.64 | -137.3 | -105.13 | 24.91 | -15.04 | -33.77 |
| 21Q1 (6) | 0.51 | -42.05 | -5.56 | 48.14 | 3.39 | 3.35 | 5.91 | -48.52 | -34.26 | 18.33 | -34.58 | 12.39 | 17.36 | -34.86 | 18.1 | 2.57 | -44.13 | -12.88 | 1.96 | -39.32 | 8.29 | 0.11 | -8.33 | -8.33 | 22.35 | -30.13 | 4.73 | 26.59 | -33.64 | -61.51 | 33.33 | -18.63 | -40.0 | 68.75 | 16.45 | 54.69 | 29.32 | -2.3 | 9.08 |
| 20Q4 (5) | 0.88 | 83.33 | 295.56 | 46.56 | 0.28 | 8.99 | 11.48 | 1500.0 | 184.16 | 28.02 | 59.39 | 283.98 | 26.65 | 78.02 | 321.16 | 4.60 | 72.93 | 294.09 | 3.23 | 98.16 | 373.73 | 0.12 | 9.09 | 9.09 | 31.99 | 52.19 | 443.24 | 40.07 | -16.95 | -46.79 | 40.96 | 1165.06 | 254.4 | 59.04 | -43.15 | -53.34 | 30.01 | -5.0 | 12.02 |
| 20Q3 (4) | 0.48 | 500.0 | 0.0 | 46.43 | 6.13 | 0.0 | -0.82 | 89.51 | 0.0 | 17.58 | 355.15 | 0.0 | 14.97 | 447.33 | 0.0 | 2.66 | 529.03 | 0.0 | 1.63 | 752.0 | 0.0 | 0.11 | 37.5 | 0.0 | 21.02 | 5104.76 | 0.0 | 48.25 | -34.66 | 0.0 | -3.85 | -103.24 | 0.0 | 103.85 | 930.77 | 0.0 | 31.59 | -16.01 | 0.0 |
| 20Q2 (3) | -0.12 | -122.22 | 0.0 | 43.75 | -6.08 | 0.0 | -7.82 | -186.99 | 0.0 | -6.89 | -142.24 | 0.0 | -4.31 | -129.32 | 0.0 | -0.62 | -121.02 | 0.0 | -0.25 | -113.81 | 0.0 | 0.08 | -33.33 | 0.0 | -0.42 | -101.97 | 0.0 | 73.84 | 6.89 | 0.0 | 118.75 | 113.75 | 0.0 | -12.50 | -128.12 | 0.0 | 37.61 | 39.92 | 0.0 |
| 20Q1 (2) | 0.54 | 220.0 | 0.0 | 46.58 | 9.04 | 0.0 | 8.99 | 122.52 | 0.0 | 16.31 | 207.09 | 0.0 | 14.70 | 221.99 | 0.0 | 2.95 | 224.47 | 0.0 | 1.81 | 253.39 | 0.0 | 0.12 | 9.09 | 0.0 | 21.34 | 328.97 | 0.0 | 69.08 | -8.26 | 0.0 | 55.56 | 309.4 | 0.0 | 44.44 | -64.87 | 0.0 | 26.88 | 0.34 | 0.0 |
| 19Q4 (1) | -0.45 | 0.0 | 0.0 | 42.72 | 0.0 | 0.0 | 4.04 | 0.0 | 0.0 | -15.23 | 0.0 | 0.0 | -12.05 | 0.0 | 0.0 | -2.37 | 0.0 | 0.0 | -1.18 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | -9.32 | 0.0 | 0.0 | 75.30 | 0.0 | 0.0 | -26.53 | 0.0 | 0.0 | 126.53 | 0.0 | 0.0 | 26.79 | 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) | 3.20 | 168.91 | 47.76 | 2.42 | 10.72 | -10.37 | 3.16 | 7.03 | 26.10 | 66.35 | 23.16 | 166.82 | 14.92 | 142.21 | 12.58 | 164.29 | 0.54 | 1.89 | 29.67 | 56.57 | 21.25 | 12.02 | 40.91 | -46.4 | 58.79 | 148.35 | 0.04 | -54.84 | 24.71 | 1.94 |
| 2022 (9) | 1.19 | -39.59 | 46.63 | -0.58 | 11.96 | -3.16 | 2.96 | -3.05 | 15.69 | -1.57 | 8.68 | -39.72 | 6.16 | -38.28 | 4.76 | -32.39 | 0.53 | 10.42 | 18.95 | -1.61 | 18.97 | -59.61 | 76.33 | -1.37 | 23.67 | 4.68 | 0.09 | 20.42 | 24.24 | -4.9 |
| 2021 (8) | 1.97 | 10.67 | 46.90 | 2.05 | 12.35 | 235.6 | 3.05 | -21.59 | 15.94 | 7.12 | 14.40 | 3.3 | 9.98 | 4.39 | 7.04 | 11.04 | 0.48 | 9.09 | 19.26 | -1.38 | 46.97 | 17.22 | 77.39 | 209.55 | 22.61 | -70.08 | 0.07 | -39.02 | 25.49 | -17.99 |
| 2020 (7) | 1.78 | 709.09 | 45.96 | 15.62 | 3.68 | 8.88 | 3.89 | -4.09 | 14.88 | 695.72 | 13.94 | 744.85 | 9.56 | 568.53 | 6.34 | 391.47 | 0.44 | -10.2 | 19.53 | 167.17 | 40.07 | -46.79 | 25.00 | -86.17 | 75.58 | 0 | 0.12 | 14.69 | 31.08 | 24.47 |
| 2019 (6) | 0.22 | -71.43 | 39.75 | 19.19 | 3.38 | 0 | 4.06 | 253.03 | 1.87 | -42.64 | 1.65 | -56.69 | 1.43 | -60.71 | 1.29 | -47.35 | 0.49 | -12.5 | 7.31 | 38.71 | 75.30 | -0.23 | 180.77 | 0 | -80.77 | 0 | 0.11 | -40.93 | 24.97 | -14.34 |
| 2018 (5) | 0.77 | 0 | 33.35 | -6.06 | -7.71 | 0 | 1.15 | 14.0 | 3.26 | 0 | 3.81 | 0 | 3.64 | 0 | 2.45 | 0 | 0.56 | -1.75 | 5.27 | 0 | 75.47 | 14.78 | -237.50 | 0 | 337.50 | 542.86 | 0.18 | 0 | 29.15 | -3.03 |
| 2017 (4) | -1.98 | 0 | 35.50 | -21.49 | -6.01 | 0 | 1.01 | 12.91 | -12.61 | 0 | -12.49 | 0 | -12.00 | 0 | -6.90 | 0 | 0.57 | -18.57 | -10.96 | 0 | 65.75 | -7.49 | 47.50 | -63.56 | 52.50 | 0 | 0.00 | 0 | 30.06 | 15.93 |
| 2016 (3) | 1.80 | -60.7 | 45.22 | -7.85 | 11.47 | -37.93 | 0.89 | -10.12 | 8.80 | -56.71 | 6.57 | -60.56 | 6.61 | -62.59 | 4.75 | -68.73 | 0.70 | -23.08 | 10.08 | -53.05 | 71.07 | 310.1 | 130.36 | 43.36 | -30.36 | 0 | 0.00 | 0 | 25.93 | 12.89 |
| 2015 (2) | 4.58 | -34.57 | 49.07 | -7.42 | 18.48 | -26.49 | 0.99 | 37.89 | 20.33 | -23.28 | 16.66 | -24.24 | 17.67 | -28.95 | 15.19 | -27.91 | 0.91 | -5.21 | 21.47 | -21.27 | 17.33 | 12.97 | 90.93 | -4.19 | 9.07 | 78.07 | 0.00 | 0 | 22.97 | 6.24 |
| 2014 (1) | 7.00 | -23.5 | 53.00 | 0 | 25.14 | 0 | 0.72 | -18.7 | 26.50 | 0 | 21.99 | 0 | 24.87 | 0 | 21.07 | 0 | 0.96 | -7.69 | 27.27 | -14.73 | 15.34 | -26.36 | 94.91 | 1.26 | 5.09 | -18.85 | 0.00 | 0 | 21.62 | 10.53 |
