- 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) | 0.78 | 4.0 | 81.4 | 37.93 | -0.39 | 0.45 | 11.08 | 36.45 | 12411.11 | 12.16 | 22.58 | 63.44 | 10.76 | -8.81 | 44.62 | 2.68 | 0.75 | 71.79 | 2.27 | -2.58 | 64.49 | 0.21 | 5.0 | 16.67 | 16.78 | 9.67 | 14.07 | 19.60 | 15.29 | 52.06 | 90.38 | 10.79 | 0 | 9.62 | -47.8 | -90.38 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.75 | 316.67 | 426.09 | 38.08 | 0.9 | 12.73 | 8.12 | 1209.68 | 227.87 | 9.92 | 197.9 | 299.6 | 11.80 | 254.35 | 337.42 | 2.66 | 322.22 | 424.39 | 2.33 | 316.07 | 423.61 | 0.20 | 17.65 | 33.33 | 15.30 | 48.69 | 152.48 | 17.00 | 39.34 | 16.92 | 81.58 | 307.89 | -37.62 | 18.42 | -76.97 | 159.87 | 24.95 | -12.49 | -19.44 |
| 24Q1 (18) | 0.18 | -69.49 | 160.0 | 37.74 | -9.06 | 4.14 | 0.62 | -93.15 | 107.29 | 3.33 | -63.29 | 142.97 | 3.33 | -67.76 | 142.97 | 0.63 | -69.86 | 161.76 | 0.56 | -69.57 | 162.22 | 0.17 | -5.56 | 41.67 | 10.29 | -36.32 | 345.45 | 12.20 | -14.74 | 7.3 | 20.00 | -80.0 | -81.11 | 80.00 | 0 | 780.0 | 28.51 | 39.07 | -14.28 |
| 23Q4 (17) | 0.59 | 37.21 | 493.33 | 41.50 | 9.9 | 11.08 | 9.05 | 10155.56 | 282.46 | 9.07 | 21.91 | 277.84 | 10.33 | 38.84 | 450.17 | 2.09 | 33.97 | 509.8 | 1.84 | 33.33 | 527.91 | 0.18 | 0.0 | 20.0 | 16.16 | 9.86 | 318.65 | 14.31 | 11.02 | -1.24 | 100.00 | 0 | 7.14 | 0.00 | -100.0 | 0 | 20.50 | -23.36 | -32.41 |
| 23Q3 (16) | 0.43 | 286.96 | 126.32 | 37.76 | 11.78 | -3.99 | -0.09 | 98.58 | -104.74 | 7.44 | 249.7 | 99.46 | 7.44 | 249.7 | 120.77 | 1.56 | 290.24 | 140.0 | 1.38 | 291.67 | 176.0 | 0.18 | 20.0 | 20.0 | 14.71 | 142.74 | 22.69 | 12.89 | -11.35 | -36.5 | 0.00 | -100.0 | -100.0 | 100.00 | 425.0 | 100.0 | 26.75 | -13.63 | 0.64 |
| 23Q2 (15) | -0.23 | 23.33 | -122.77 | 33.78 | -6.79 | -19.21 | -6.35 | 25.29 | -143.79 | -4.97 | 35.87 | -130.27 | -4.97 | 35.87 | -142.59 | -0.82 | 19.61 | -124.77 | -0.72 | 20.0 | -129.63 | 0.15 | 25.0 | -28.57 | 6.06 | 162.34 | -72.24 | 14.54 | 27.88 | -64.48 | 130.77 | 23.5 | 47.58 | -30.77 | -161.54 | -370.09 | 30.97 | -6.89 | 39.69 |
| 23Q1 (14) | -0.30 | -100.0 | -116.57 | 36.24 | -3.0 | -13.86 | -8.50 | -71.37 | -149.94 | -7.75 | -51.96 | -137.35 | -7.75 | -162.71 | -145.27 | -1.02 | -100.0 | -118.48 | -0.90 | -109.3 | -121.48 | 0.12 | -20.0 | -50.0 | 2.31 | -40.16 | -90.88 | 11.37 | -21.53 | -64.56 | 105.88 | 13.45 | 29.79 | -11.76 | 0 | -163.87 | 33.26 | 9.66 | 50.09 |
| 22Q4 (13) | -0.15 | -178.95 | -106.67 | 37.36 | -5.01 | -15.26 | -4.96 | -361.05 | -126.38 | -5.10 | -236.73 | -125.21 | -2.95 | -187.54 | -115.28 | -0.51 | -178.46 | -106.97 | -0.43 | -186.0 | -107.73 | 0.15 | 0.0 | -48.28 | 3.86 | -67.81 | -84.11 | 14.49 | -28.62 | -54.51 | 93.33 | 86.67 | 0.77 | -0.00 | -100.0 | -100.0 | 30.33 | 14.11 | 59.13 |
| 22Q3 (12) | 0.19 | -81.19 | -90.69 | 39.33 | -5.93 | -11.14 | 1.90 | -86.9 | -90.79 | 3.73 | -77.28 | -82.56 | 3.37 | -71.12 | -81.14 | 0.65 | -80.36 | -90.92 | 0.50 | -79.42 | -91.01 | 0.15 | -28.57 | -51.61 | 11.99 | -45.08 | -52.36 | 20.30 | -50.42 | -35.25 | 50.00 | -43.57 | -47.93 | 50.00 | 338.89 | 1475.0 | 26.58 | 19.89 | 29.03 |
| 22Q2 (11) | 1.01 | -44.2 | -36.88 | 41.81 | -0.62 | 3.44 | 14.50 | -14.81 | -17.8 | 16.42 | -20.87 | -6.06 | 11.67 | -31.83 | -19.74 | 3.31 | -40.04 | -38.7 | 2.43 | -42.0 | -43.88 | 0.21 | -12.5 | -30.0 | 21.83 | -13.78 | 2.39 | 40.94 | 27.62 | 55.31 | 88.61 | 8.62 | -12.37 | 11.39 | -38.16 | 1125.32 | 22.17 | 0.05 | 8.41 |
| 22Q1 (10) | 1.81 | -19.56 | 158.57 | 42.07 | -4.58 | 21.94 | 17.02 | -9.47 | 73.32 | 20.75 | 2.57 | 123.12 | 17.12 | -11.34 | 124.08 | 5.52 | -24.59 | 126.23 | 4.19 | -24.64 | 110.55 | 0.24 | -17.24 | -7.69 | 25.32 | 4.24 | 80.99 | 32.08 | 0.72 | 37.27 | 81.58 | -11.92 | -22.31 | 18.42 | 149.71 | 468.42 | 22.16 | 16.26 | 10.14 |
| 21Q4 (9) | 2.25 | 10.29 | 316.67 | 44.09 | -0.38 | 36.76 | 18.80 | -8.91 | 176.47 | 20.23 | -5.42 | 225.24 | 19.31 | 8.06 | 215.01 | 7.32 | 2.23 | 285.26 | 5.56 | 0.0 | 256.41 | 0.29 | -6.45 | 16.0 | 24.29 | -3.5 | 115.53 | 31.85 | 1.59 | 48.83 | 92.62 | -3.55 | -17.3 | 7.38 | 132.38 | 192.21 | 19.06 | -7.48 | -11.06 |
| 21Q3 (8) | 2.04 | 27.5 | 397.56 | 44.26 | 9.5 | 29.87 | 20.64 | 17.01 | 182.74 | 21.39 | 22.37 | 220.69 | 17.87 | 22.9 | 265.44 | 7.16 | 32.59 | 383.78 | 5.56 | 28.41 | 363.33 | 0.31 | 3.33 | 29.17 | 25.17 | 18.06 | 112.76 | 31.35 | 18.93 | 32.67 | 96.03 | -5.02 | -10.83 | 3.17 | 385.71 | 141.27 | 20.60 | 0.73 | 17.45 |
| 21Q2 (7) | 1.60 | 128.57 | 566.67 | 40.42 | 17.16 | 29.26 | 17.64 | 79.63 | 269.04 | 17.48 | 87.96 | 299.09 | 14.54 | 90.31 | 370.55 | 5.40 | 121.31 | 520.69 | 4.33 | 117.59 | 518.57 | 0.30 | 15.38 | 30.43 | 21.32 | 52.39 | 111.51 | 26.36 | 12.79 | 10.11 | 101.11 | -3.7 | -4.84 | -1.11 | 77.78 | 82.22 | 20.45 | 1.64 | 0 |
| 21Q1 (6) | 0.70 | 29.63 | 483.33 | 34.50 | 7.01 | 11.69 | 9.82 | 44.41 | 467.63 | 9.30 | 49.52 | 222.92 | 7.64 | 24.63 | 310.75 | 2.44 | 28.42 | 480.95 | 1.99 | 27.56 | 452.78 | 0.26 | 4.0 | 36.84 | 13.99 | 24.13 | 41.31 | 23.37 | 9.21 | -5.42 | 105.00 | -6.25 | 68.0 | -5.00 | 37.5 | -113.33 | 20.12 | -6.11 | -11.44 |
| 20Q4 (5) | 0.54 | 31.71 | 170.0 | 32.24 | -5.4 | -6.71 | 6.80 | -6.85 | 18.88 | 6.22 | -6.75 | 30.4 | 6.13 | 25.36 | 87.46 | 1.90 | 28.38 | 163.89 | 1.56 | 30.0 | 151.61 | 0.25 | 4.17 | 31.58 | 11.27 | -4.73 | -5.21 | 21.40 | -9.44 | 22.99 | 112.00 | 4.0 | -2.0 | -8.00 | -4.0 | 62.67 | 21.43 | 22.18 | 0 |
| 20Q3 (4) | 0.41 | 70.83 | 0.0 | 34.08 | 8.99 | 0.0 | 7.30 | 52.72 | 0.0 | 6.67 | 52.28 | 0.0 | 4.89 | 58.25 | 0.0 | 1.48 | 70.11 | 0.0 | 1.20 | 71.43 | 0.0 | 0.24 | 4.35 | 0.0 | 11.83 | 17.36 | 0.0 | 23.63 | -1.29 | 0.0 | 107.69 | 1.36 | 0.0 | -7.69 | -23.08 | 0.0 | 17.54 | 0 | 0.0 |
| 20Q2 (3) | 0.24 | 100.0 | 0.0 | 31.27 | 1.23 | 0.0 | 4.78 | 176.3 | 0.0 | 4.38 | 52.08 | 0.0 | 3.09 | 66.13 | 0.0 | 0.87 | 107.14 | 0.0 | 0.70 | 94.44 | 0.0 | 0.23 | 21.05 | 0.0 | 10.08 | 1.82 | 0.0 | 23.94 | -3.12 | 0.0 | 106.25 | 70.0 | 0.0 | -6.25 | -116.67 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.12 | -40.0 | 0.0 | 30.89 | -10.62 | 0.0 | 1.73 | -69.76 | 0.0 | 2.88 | -39.62 | 0.0 | 1.86 | -43.12 | 0.0 | 0.42 | -41.67 | 0.0 | 0.36 | -41.94 | 0.0 | 0.19 | 0.0 | 0.0 | 9.90 | -16.74 | 0.0 | 24.71 | 42.01 | 0.0 | 62.50 | -45.31 | 0.0 | 37.50 | 275.0 | 0.0 | 22.72 | 0 | 0.0 |
| 19Q4 (1) | 0.20 | 0.0 | 0.0 | 34.56 | 0.0 | 0.0 | 5.72 | 0.0 | 0.0 | 4.77 | 0.0 | 0.0 | 3.27 | 0.0 | 0.0 | 0.72 | 0.0 | 0.0 | 0.62 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 11.89 | 0.0 | 0.0 | 17.40 | 0.0 | 0.0 | 114.29 | 0.0 | 0.0 | -21.43 | 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) | 0.50 | -81.75 | 37.63 | -7.41 | -0.50 | 0 | 7.62 | 39.7 | 2.17 | -81.39 | 2.53 | -72.91 | 1.75 | -81.04 | 1.55 | -79.39 | 0.61 | -23.75 | 10.77 | -40.0 | 14.31 | -1.24 | -24.00 | 0 | 120.00 | 551.43 | 0.59 | -20.84 | 27.16 | 11.08 |
| 2022 (9) | 2.74 | -56.99 | 40.64 | -1.65 | 9.50 | -44.83 | 5.45 | 71.14 | 11.66 | -34.09 | 9.34 | -39.39 | 9.23 | -58.24 | 7.52 | -56.76 | 0.80 | -29.2 | 17.95 | -17.43 | 14.49 | -54.51 | 81.58 | -16.2 | 18.42 | 596.32 | 0.74 | 60.72 | 24.45 | 22.07 |
| 2021 (8) | 6.37 | 390.0 | 41.32 | 28.24 | 17.22 | 218.3 | 3.19 | -27.96 | 17.69 | 239.54 | 15.41 | 268.66 | 22.10 | 381.48 | 17.39 | 350.52 | 1.13 | 22.83 | 21.74 | 99.08 | 31.85 | 48.83 | 97.35 | -6.39 | 2.65 | 0 | 0.46 | -53.59 | 20.03 | 0.1 |
| 2020 (7) | 1.30 | 160.0 | 32.22 | -7.25 | 5.41 | 100.37 | 4.42 | -31.83 | 5.21 | 59.82 | 4.18 | 87.44 | 4.59 | 157.87 | 3.86 | 155.63 | 0.92 | 37.31 | 10.92 | -0.46 | 21.40 | 22.99 | 104.00 | 26.29 | -4.00 | 0 | 0.99 | -45.62 | 20.01 | -6.5 |
| 2019 (6) | 0.50 | -37.5 | 34.74 | -3.45 | 2.70 | 33.66 | 6.49 | 34.76 | 3.26 | -8.94 | 2.23 | -34.99 | 1.78 | -37.1 | 1.51 | -34.91 | 0.67 | -1.47 | 10.97 | 16.21 | 17.40 | -18.65 | 82.35 | 45.99 | 17.65 | -59.52 | 1.82 | -11.5 | 21.40 | -9.36 |
| 2018 (5) | 0.80 | 77.78 | 35.98 | 5.17 | 2.02 | -48.6 | 4.81 | 7.08 | 3.58 | -7.25 | 3.43 | 70.65 | 2.83 | 75.78 | 2.32 | 79.84 | 0.68 | 6.25 | 9.44 | 1.61 | 21.39 | -6.14 | 56.41 | -43.59 | 43.59 | 0 | 2.06 | 21.69 | 23.61 | 5.97 |
| 2017 (4) | 0.45 | -80.0 | 34.21 | -2.84 | 3.93 | -63.71 | 4.50 | 77.54 | 3.86 | -65.41 | 2.01 | -76.18 | 1.61 | -80.7 | 1.29 | -81.14 | 0.64 | -20.99 | 9.29 | -36.11 | 22.79 | -12.08 | 100.00 | 3.01 | -2.50 | 0 | 1.69 | 0 | 22.28 | 22.82 |
| 2016 (3) | 2.25 | 4.65 | 35.21 | -5.25 | 10.83 | 16.2 | 2.53 | -2.54 | 11.16 | -2.28 | 8.44 | -10.21 | 8.34 | 3.47 | 6.84 | 0.15 | 0.81 | 10.96 | 14.54 | -0.62 | 25.92 | 45.62 | 97.08 | 19.1 | 2.92 | -84.21 | 0.00 | 0 | 18.14 | -9.35 |
| 2015 (2) | 2.15 | -6.52 | 37.16 | 3.86 | 9.32 | -6.8 | 2.60 | -7.05 | 11.42 | -8.71 | 9.40 | -3.09 | 8.06 | -8.62 | 6.83 | -8.32 | 0.73 | -5.19 | 14.63 | -7.11 | 17.80 | -2.47 | 81.51 | 2.08 | 18.49 | -8.25 | 0.00 | 0 | 20.01 | 5.48 |
| 2014 (1) | 2.30 | -8.37 | 35.78 | 0 | 10.00 | 0 | 2.80 | -15.16 | 12.51 | 0 | 9.70 | 0 | 8.82 | 0 | 7.45 | 0 | 0.77 | -2.53 | 15.75 | -9.12 | 18.25 | -1.35 | 79.85 | -3.37 | 20.15 | 16.06 | 0.00 | 0 | 18.97 | 10.42 |
