- 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) | 0.63 | 425.0 | 110.0 | 28.15 | 6.51 | 6.87 | 5.30 | 223.17 | 562.5 | 5.55 | 176.12 | 109.43 | 3.80 | 352.38 | 66.67 | 1.74 | 383.33 | 112.2 | 0.88 | 266.67 | 83.33 | 0.21 | 0.0 | 16.67 | 8.31 | 63.91 | 33.82 | 111.07 | -3.63 | 6.99 | 95.24 | 11.11 | 204.76 | 4.76 | -77.78 | -93.07 | 23.12 | -3.99 | -10.11 |
| 24Q2 (19) | 0.12 | 0.0 | -83.33 | 26.43 | 3.93 | -3.58 | 1.64 | 387.72 | -67.13 | 2.01 | 16.86 | -70.74 | 0.84 | 0.0 | -82.79 | 0.36 | 20.0 | -82.0 | 0.24 | 14.29 | -77.57 | 0.21 | 16.67 | 5.0 | 5.07 | -1.93 | -49.45 | 115.25 | 6.3 | 15.76 | 85.71 | 385.71 | 18.49 | 21.43 | -84.69 | -22.53 | 24.08 | -10.91 | 5.61 |
| 24Q1 (18) | 0.12 | -84.21 | -25.0 | 25.43 | 6.09 | 1.03 | -0.57 | -109.58 | -125.79 | 1.72 | -61.0 | 2.99 | 0.84 | -77.42 | -26.32 | 0.30 | -85.44 | -33.33 | 0.21 | -81.08 | -30.0 | 0.18 | -35.71 | -5.26 | 5.17 | -23.29 | 5.51 | 108.42 | 12.03 | 4.41 | -30.00 | -122.11 | -122.0 | 140.00 | 492.0 | 485.0 | 27.03 | 58.81 | 22.36 |
| 23Q4 (17) | 0.76 | 153.33 | -55.29 | 23.97 | -9.0 | 3.41 | 5.95 | 643.75 | -30.73 | 4.41 | 66.42 | -41.67 | 3.72 | 63.16 | -43.64 | 2.06 | 151.22 | -55.41 | 1.11 | 131.25 | -48.13 | 0.28 | 55.56 | -9.68 | 6.74 | 8.53 | -29.35 | 96.78 | -6.77 | -13.94 | 135.71 | 334.29 | 19.1 | -35.71 | -151.95 | -155.95 | 17.02 | -33.83 | 17.38 |
| 23Q3 (16) | 0.30 | -58.33 | -38.78 | 26.34 | -3.9 | 12.56 | 0.80 | -83.97 | -69.47 | 2.65 | -61.43 | -41.89 | 2.28 | -53.28 | -26.69 | 0.82 | -59.0 | -44.97 | 0.48 | -55.14 | -32.39 | 0.18 | -10.0 | -10.0 | 6.21 | -38.09 | -17.42 | 103.81 | 4.27 | -27.59 | 31.25 | -56.8 | -45.72 | 68.75 | 148.56 | 62.05 | 25.72 | 12.81 | 18.58 |
| 23Q2 (15) | 0.72 | 350.0 | 227.27 | 27.41 | 8.9 | 0.44 | 4.99 | 125.79 | 718.03 | 6.87 | 311.38 | 172.62 | 4.88 | 328.07 | 180.46 | 2.00 | 344.44 | 217.46 | 1.07 | 256.67 | 214.71 | 0.20 | 5.26 | 25.0 | 10.03 | 104.69 | 62.3 | 99.56 | -4.12 | -21.73 | 72.34 | -46.95 | 213.48 | 27.66 | 176.06 | -64.04 | 22.80 | 3.21 | -17.51 |
| 23Q1 (14) | 0.16 | -90.59 | 14.29 | 25.17 | 8.58 | 14.98 | 2.21 | -74.27 | 1600.0 | 1.67 | -77.91 | 25.56 | 1.14 | -82.73 | 11.76 | 0.45 | -90.26 | 0.0 | 0.30 | -85.98 | 20.0 | 0.19 | -38.71 | -5.0 | 4.90 | -48.64 | 15.84 | 103.84 | -7.66 | -9.74 | 136.36 | 19.67 | 1127.27 | -36.36 | -160.61 | -140.91 | 22.09 | 52.34 | -1.07 |
| 22Q4 (13) | 1.70 | 246.94 | 65.05 | 23.18 | -0.94 | 17.78 | 8.59 | 227.86 | 60.56 | 7.56 | 65.79 | 40.52 | 6.60 | 112.22 | 46.02 | 4.62 | 210.07 | 49.03 | 2.14 | 201.41 | 48.61 | 0.31 | 55.0 | 0.0 | 9.54 | 26.86 | 30.68 | 112.45 | -21.56 | -9.79 | 113.95 | 97.92 | 16.06 | -13.95 | -132.89 | 0 | 14.50 | -33.15 | -6.87 |
| 22Q3 (12) | 0.49 | 122.73 | 58.06 | 23.40 | -14.25 | 2.77 | 2.62 | 329.51 | 11.02 | 4.56 | 80.95 | 48.05 | 3.11 | 78.74 | 41.36 | 1.49 | 136.51 | 49.0 | 0.71 | 108.82 | 42.0 | 0.20 | 25.0 | -4.76 | 7.52 | 21.68 | 22.88 | 143.36 | 12.7 | 16.78 | 57.58 | 149.49 | -23.23 | 42.42 | -44.85 | 69.7 | 21.69 | -21.53 | -1.32 |
| 22Q2 (11) | 0.22 | 57.14 | 46.67 | 27.29 | 24.67 | 27.52 | 0.61 | 369.23 | -42.99 | 2.52 | 89.47 | 96.88 | 1.74 | 70.59 | 62.62 | 0.63 | 40.0 | 23.53 | 0.34 | 36.0 | 21.43 | 0.16 | -20.0 | -30.43 | 6.18 | 46.1 | 51.47 | 127.20 | 10.56 | 7.69 | 23.08 | 107.69 | -70.33 | 76.92 | -13.46 | 592.31 | 27.64 | 23.78 | 27.96 |
| 22Q1 (10) | 0.14 | -86.41 | 27.27 | 21.89 | 11.23 | -0.5 | 0.13 | -97.57 | -7.14 | 1.33 | -75.28 | 121.67 | 1.02 | -77.43 | 22.89 | 0.45 | -85.48 | 25.0 | 0.25 | -82.64 | 19.05 | 0.20 | -35.48 | -4.76 | 4.23 | -42.05 | 15.89 | 115.05 | -7.7 | 7.73 | 11.11 | -88.68 | -55.56 | 88.89 | 0 | 18.52 | 22.33 | 43.42 | 0.59 |
| 21Q4 (9) | 1.03 | 232.26 | 312.0 | 19.68 | -13.57 | -9.64 | 5.35 | 126.69 | 226.22 | 5.38 | 74.68 | 189.25 | 4.52 | 105.45 | 167.46 | 3.10 | 210.0 | 302.6 | 1.44 | 188.0 | 234.88 | 0.31 | 47.62 | 34.78 | 7.30 | 19.28 | 52.08 | 124.65 | 1.54 | 24.12 | 98.18 | 30.91 | 7.11 | 0.00 | -100.0 | -100.0 | 15.57 | -29.16 | -23.0 |
| 21Q3 (8) | 0.31 | 106.67 | 158.33 | 22.77 | 6.4 | -6.37 | 2.36 | 120.56 | 34.09 | 3.08 | 140.62 | 96.18 | 2.20 | 105.61 | 103.7 | 1.00 | 96.08 | 122.22 | 0.50 | 78.57 | 78.57 | 0.21 | -8.7 | 0.0 | 6.12 | 50.0 | 22.65 | 122.76 | 3.93 | 27.19 | 75.00 | -3.57 | -38.64 | 25.00 | 125.0 | 325.0 | 21.98 | 1.76 | 2.76 |
| 21Q2 (7) | 0.15 | 36.36 | -68.75 | 21.40 | -2.73 | -23.1 | 1.07 | 664.29 | -80.15 | 1.28 | 113.33 | -77.14 | 1.07 | 28.92 | -72.42 | 0.51 | 41.67 | -66.45 | 0.28 | 33.33 | -66.67 | 0.23 | 9.52 | 9.52 | 4.08 | 11.78 | -55.51 | 118.12 | 10.61 | 24.02 | 77.78 | 211.11 | -19.71 | 11.11 | -85.19 | 255.56 | 21.60 | -2.7 | 0 |
| 21Q1 (6) | 0.11 | -56.0 | 37.5 | 22.00 | 1.01 | -9.13 | 0.14 | -91.46 | -17.65 | 0.60 | -67.74 | -55.56 | 0.83 | -50.89 | 53.7 | 0.36 | -53.25 | 80.0 | 0.21 | -51.16 | 50.0 | 0.21 | -8.7 | 10.53 | 3.65 | -23.96 | -31.26 | 106.79 | 6.33 | 25.44 | 25.00 | -72.73 | 75.0 | 75.00 | 800.0 | -12.5 | 22.20 | 9.79 | 0 |
| 20Q4 (5) | 0.25 | 108.33 | 127.27 | 21.78 | -10.44 | -7.75 | 1.64 | -6.82 | 6.49 | 1.86 | 18.47 | 353.66 | 1.69 | 56.48 | 134.72 | 0.77 | 71.11 | 156.67 | 0.43 | 53.57 | 115.0 | 0.23 | 9.52 | 9.52 | 4.80 | -3.81 | 22.14 | 100.43 | 4.05 | 8.35 | 91.67 | -25.0 | -69.44 | 8.33 | 175.0 | 103.57 | 20.22 | -5.47 | 0 |
| 20Q3 (4) | 0.12 | -75.0 | 0.0 | 24.32 | -12.61 | 0.0 | 1.76 | -67.35 | 0.0 | 1.57 | -71.96 | 0.0 | 1.08 | -72.16 | 0.0 | 0.45 | -70.39 | 0.0 | 0.28 | -66.67 | 0.0 | 0.21 | 0.0 | 0.0 | 4.99 | -45.58 | 0.0 | 96.52 | 1.34 | 0.0 | 122.22 | 26.16 | 0.0 | -11.11 | -455.56 | 0.0 | 21.39 | 0 | 0.0 |
| 20Q2 (3) | 0.48 | 500.0 | 0.0 | 27.83 | 14.95 | 0.0 | 5.39 | 3070.59 | 0.0 | 5.60 | 314.81 | 0.0 | 3.88 | 618.52 | 0.0 | 1.52 | 660.0 | 0.0 | 0.84 | 500.0 | 0.0 | 0.21 | 10.53 | 0.0 | 9.17 | 72.69 | 0.0 | 95.24 | 11.88 | 0.0 | 96.88 | 578.13 | 0.0 | 3.12 | -96.35 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.08 | -27.27 | 0.0 | 24.21 | 2.54 | 0.0 | 0.17 | -88.96 | 0.0 | 1.35 | 229.27 | 0.0 | 0.54 | -25.0 | 0.0 | 0.20 | -33.33 | 0.0 | 0.14 | -30.0 | 0.0 | 0.19 | -9.52 | 0.0 | 5.31 | 35.11 | 0.0 | 85.13 | -8.16 | 0.0 | 14.29 | -95.24 | 0.0 | 85.71 | 136.73 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.11 | 0.0 | 0.0 | 23.61 | 0.0 | 0.0 | 1.54 | 0.0 | 0.0 | 0.41 | 0.0 | 0.0 | 0.72 | 0.0 | 0.0 | 0.30 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 3.93 | 0.0 | 0.0 | 92.69 | 0.0 | 0.0 | 300.00 | 0.0 | 0.0 | -233.33 | 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) | 1.95 | -23.53 | 25.55 | 7.94 | 3.78 | -4.55 | 2.12 | 4.55 | 3.99 | -13.64 | 3.10 | -16.67 | 5.25 | -25.0 | 2.88 | -17.48 | 0.83 | -3.49 | 6.94 | -6.09 | 96.78 | -13.94 | 94.87 | 10.55 | 5.13 | -63.85 | 1.38 | 11.06 | 21.37 | 5.9 |
| 2022 (9) | 2.55 | 59.37 | 23.67 | 11.44 | 3.96 | 51.72 | 2.03 | -0.79 | 4.62 | 58.22 | 3.72 | 52.46 | 7.00 | 43.44 | 3.49 | 41.87 | 0.86 | -8.51 | 7.39 | 34.61 | 112.45 | -9.79 | 85.82 | -4.28 | 14.18 | 37.12 | 1.24 | -11.14 | 20.18 | 2.13 |
| 2021 (8) | 1.60 | 72.04 | 21.24 | -13.02 | 2.61 | 16.52 | 2.04 | -26.87 | 2.92 | 13.62 | 2.44 | 35.56 | 4.88 | 69.44 | 2.46 | 50.92 | 0.94 | 16.05 | 5.49 | -8.65 | 124.65 | 24.12 | 89.66 | 3.19 | 10.34 | -21.12 | 1.39 | -10.19 | 19.76 | -10.06 |
| 2020 (7) | 0.93 | 5.68 | 24.42 | 4.76 | 2.24 | 113.33 | 2.79 | -4.45 | 2.57 | 46.02 | 1.80 | 9.09 | 2.88 | 7.06 | 1.63 | 0.62 | 0.81 | -7.95 | 6.01 | 13.83 | 100.43 | 8.35 | 86.89 | 43.69 | 13.11 | -66.83 | 1.55 | -1.6 | 21.97 | -0.68 |
| 2019 (6) | 0.88 | -46.01 | 23.31 | -3.56 | 1.05 | -68.56 | 2.92 | 27.62 | 1.76 | -57.18 | 1.65 | -44.26 | 2.69 | -44.31 | 1.62 | -42.55 | 0.88 | -5.38 | 5.28 | -23.59 | 92.69 | 19.77 | 60.47 | -26.02 | 39.53 | 116.4 | 1.58 | -2.82 | 22.12 | 5.38 |
| 2018 (5) | 1.63 | -7.91 | 24.17 | 3.03 | 3.34 | -17.33 | 2.29 | -6.98 | 4.11 | 1.73 | 2.96 | -11.9 | 4.83 | -3.59 | 2.82 | -3.75 | 0.93 | 9.41 | 6.91 | -0.86 | 77.39 | 3.13 | 81.73 | -18.27 | 18.27 | 0 | 1.62 | 0 | 20.99 | 4.32 |
| 2017 (4) | 1.77 | -21.68 | 23.46 | -2.17 | 4.04 | -20.78 | 2.46 | 12.53 | 4.04 | -30.1 | 3.36 | -19.81 | 5.01 | -16.78 | 2.93 | -17.46 | 0.85 | 2.41 | 6.97 | -16.83 | 75.04 | -0.83 | 100.00 | 13.82 | 0.00 | 0 | 0.00 | 0 | 20.12 | 2.44 |
| 2016 (3) | 2.26 | -42.35 | 23.98 | 2.7 | 5.10 | -25.0 | 2.19 | 10.96 | 5.78 | -28.64 | 4.19 | -35.14 | 6.02 | -40.98 | 3.55 | -42.09 | 0.83 | -11.7 | 8.38 | -19.81 | 75.67 | 9.08 | 87.86 | 4.86 | 12.14 | -25.12 | 0.00 | 0 | 19.64 | 12.49 |
| 2015 (2) | 3.92 | -16.77 | 23.35 | 0.43 | 6.80 | -14.68 | 1.97 | 5.27 | 8.10 | -13.83 | 6.46 | -13.75 | 10.20 | -19.3 | 6.13 | -21.81 | 0.94 | -9.62 | 10.45 | -9.91 | 69.37 | 2.33 | 83.78 | -0.95 | 16.22 | 7.84 | 0.00 | 0 | 17.46 | 7.25 |
| 2014 (1) | 4.71 | 47.19 | 23.25 | 0 | 7.97 | 0 | 1.87 | -9.07 | 9.40 | 0 | 7.49 | 0 | 12.64 | 0 | 7.84 | 0 | 1.04 | 5.05 | 11.60 | 18.25 | 67.79 | 19.16 | 84.59 | -10.91 | 15.04 | 167.67 | 0.00 | 0 | 16.28 | 7.32 |
