- 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) | 0.93 | 12.05 | 5.68 | 14.74 | 0.2 | 9.19 | 5.02 | 10.09 | 13.57 | 5.69 | 4.98 | 11.79 | 5.54 | 4.92 | 10.14 | 4.44 | 9.9 | -3.48 | 2.36 | 8.26 | 3.06 | 0.42 | 2.44 | -6.67 | 9.10 | -2.47 | 2.48 | 88.97 | -3.68 | -15.43 | 88.19 | 5.19 | 0.9 | 11.81 | -26.92 | -11.46 | 7.45 | -9.15 | 12.54 |
| 24Q2 (19) | 0.83 | 124.32 | 13.7 | 14.71 | 8.72 | 12.63 | 4.56 | 151.93 | 13.43 | 5.42 | 96.38 | 20.71 | 5.28 | 92.7 | 20.55 | 4.04 | 117.2 | -1.46 | 2.18 | 109.62 | 4.31 | 0.41 | 10.81 | -12.77 | 9.33 | 27.11 | 8.24 | 92.37 | 9.68 | -7.77 | 83.85 | 29.17 | -6.29 | 16.15 | -51.54 | 53.46 | 8.20 | -9.79 | 18.16 |
| 24Q1 (18) | 0.37 | -2.63 | 85.0 | 13.53 | -0.37 | 4.64 | 1.81 | -32.46 | 10.37 | 2.76 | 8.66 | 84.0 | 2.74 | 6.61 | 87.67 | 1.86 | -4.12 | 61.74 | 1.04 | -2.8 | 73.33 | 0.37 | -2.63 | -2.63 | 7.34 | 2.09 | 7.47 | 84.22 | -3.31 | -15.65 | 64.91 | -38.33 | -40.82 | 33.33 | 733.33 | 444.44 | 9.09 | -16.61 | 2.13 |
| 23Q4 (17) | 0.38 | -56.82 | -29.63 | 13.58 | 0.59 | 0.52 | 2.68 | -39.37 | -36.34 | 2.54 | -50.1 | -26.38 | 2.57 | -48.91 | -25.94 | 1.94 | -57.83 | -38.41 | 1.07 | -53.28 | -25.17 | 0.38 | -15.56 | 0.0 | 7.19 | -19.03 | -13.06 | 87.10 | -17.21 | -24.5 | 105.26 | 20.43 | -13.68 | -5.26 | -139.47 | 76.02 | 10.90 | 64.65 | 7.92 |
| 23Q3 (16) | 0.88 | 20.55 | -31.25 | 13.50 | 3.37 | -0.22 | 4.42 | 9.95 | -22.05 | 5.09 | 13.36 | -18.69 | 5.03 | 14.84 | -19.78 | 4.60 | 12.2 | -43.21 | 2.29 | 9.57 | -26.13 | 0.45 | -4.26 | -6.25 | 8.88 | 3.02 | -13.37 | 105.20 | 5.04 | -35.28 | 87.41 | -2.31 | -3.75 | 13.33 | 26.67 | 37.54 | 6.62 | -4.61 | 2.95 |
| 23Q2 (15) | 0.73 | 265.0 | 812.5 | 13.06 | 1.01 | 17.87 | 4.02 | 145.12 | 1335.71 | 4.49 | 199.33 | 747.17 | 4.38 | 200.0 | 742.31 | 4.10 | 256.52 | 673.58 | 2.09 | 248.33 | 770.83 | 0.47 | 23.68 | 27.03 | 8.62 | 26.21 | 42.95 | 100.15 | 0.3 | -43.05 | 89.47 | -18.42 | 78.95 | 10.53 | 208.77 | -78.95 | 6.94 | -22.02 | -24.32 |
| 23Q1 (14) | 0.20 | -62.96 | 566.67 | 12.93 | -4.29 | 20.73 | 1.64 | -61.05 | 925.0 | 1.50 | -56.52 | 552.17 | 1.46 | -57.93 | 595.24 | 1.15 | -63.49 | 400.0 | 0.60 | -58.04 | 328.57 | 0.38 | 0.0 | 2.7 | 6.83 | -17.41 | 16.16 | 99.85 | -13.44 | -45.5 | 109.68 | -10.06 | 37.1 | -9.68 | 55.91 | -124.19 | 8.90 | -11.88 | 2.42 |
| 22Q4 (13) | 0.54 | -57.81 | -34.94 | 13.51 | -0.15 | 36.74 | 4.21 | -25.75 | 94.91 | 3.45 | -44.89 | -23.84 | 3.47 | -44.66 | -14.32 | 3.15 | -61.11 | -49.11 | 1.43 | -53.87 | -27.04 | 0.38 | -20.83 | -19.15 | 8.27 | -19.32 | -3.73 | 115.36 | -29.03 | -44.28 | 121.95 | 34.28 | 154.82 | -21.95 | -326.44 | -142.1 | 10.10 | 57.08 | 49.63 |
| 22Q3 (12) | 1.28 | 1500.0 | 58.02 | 13.53 | 22.11 | 10.36 | 5.67 | 1925.0 | 39.31 | 6.26 | 1081.13 | 56.11 | 6.27 | 1105.77 | 56.36 | 8.10 | 1428.3 | 26.96 | 3.10 | 1191.67 | 66.67 | 0.48 | 29.73 | 6.67 | 10.25 | 69.98 | 24.39 | 162.55 | -7.57 | -33.62 | 90.82 | 81.63 | -10.65 | 9.69 | -80.61 | 691.33 | 6.43 | -29.88 | -13.58 |
| 22Q2 (11) | 0.08 | 166.67 | -78.38 | 11.08 | 3.45 | 6.74 | 0.28 | 75.0 | -87.04 | 0.53 | 130.43 | -73.1 | 0.52 | 147.62 | -73.2 | 0.53 | 130.43 | -82.45 | 0.24 | 71.43 | -73.33 | 0.37 | 0.0 | -13.95 | 6.03 | 2.55 | -4.59 | 175.86 | -4.01 | -34.36 | 50.00 | -37.5 | -54.03 | 50.00 | 25.0 | 575.0 | 9.17 | 5.52 | 36.87 |
| 22Q1 (10) | 0.03 | -96.39 | -25.0 | 10.71 | 8.4 | 12.5 | 0.16 | -92.59 | -65.22 | 0.23 | -94.92 | -11.54 | 0.21 | -94.81 | -12.5 | 0.23 | -96.28 | -28.12 | 0.14 | -92.86 | -6.67 | 0.37 | -21.28 | -5.13 | 5.88 | -31.55 | 17.6 | 183.20 | -11.51 | -28.29 | 80.00 | 67.16 | -56.36 | 40.00 | -23.29 | 148.0 | 8.69 | 28.74 | 13.59 |
| 21Q4 (9) | 0.83 | 2.47 | 118.42 | 9.88 | -19.41 | -4.54 | 2.16 | -46.93 | -8.09 | 4.53 | 12.97 | 113.68 | 4.05 | 1.0 | 91.04 | 6.19 | -2.98 | 95.89 | 1.96 | 5.38 | 90.29 | 0.47 | 4.44 | 4.44 | 8.59 | 4.25 | 42.22 | 207.04 | -15.46 | -7.48 | 47.86 | -52.91 | -56.63 | 52.14 | 3280.71 | 604.05 | 6.75 | -9.27 | 7.48 |
| 21Q3 (8) | 0.81 | 118.92 | -14.74 | 12.26 | 18.11 | -3.39 | 4.07 | 88.43 | -20.35 | 4.01 | 103.55 | -20.59 | 4.01 | 106.7 | -20.75 | 6.38 | 111.26 | -21.91 | 1.86 | 106.67 | -25.0 | 0.45 | 4.65 | -6.25 | 8.24 | 30.38 | -6.89 | 244.89 | -8.59 | 2.23 | 101.64 | -6.56 | 0.93 | -1.64 | 84.43 | -17.21 | 7.44 | 11.04 | 19.04 |
| 21Q2 (7) | 0.37 | 825.0 | -69.42 | 10.38 | 9.03 | -31.85 | 2.16 | 369.57 | -70.04 | 1.97 | 657.69 | -71.28 | 1.94 | 708.33 | -71.64 | 3.02 | 843.75 | -73.23 | 0.90 | 500.0 | -75.0 | 0.43 | 10.26 | -15.69 | 6.32 | 26.4 | -42.02 | 267.90 | 4.87 | 12.73 | 108.77 | -40.67 | 3.11 | -10.53 | 87.37 | -112.87 | 6.70 | -12.42 | 0 |
| 21Q1 (6) | 0.04 | -89.47 | 107.69 | 9.52 | -8.02 | 5.19 | 0.46 | -80.43 | 107.86 | 0.26 | -87.74 | 104.62 | 0.24 | -88.68 | 104.26 | 0.32 | -89.87 | 106.43 | 0.15 | -85.44 | 109.74 | 0.39 | -13.33 | 34.48 | 5.00 | -17.22 | 131.48 | 255.47 | 14.17 | 25.31 | 183.33 | 66.15 | 76.54 | -83.33 | -705.56 | -2066.67 | 7.65 | 21.82 | 0 |
| 20Q4 (5) | 0.38 | -60.0 | 322.22 | 10.35 | -18.44 | -15.58 | 2.35 | -54.01 | 16.92 | 2.12 | -58.02 | 202.86 | 2.12 | -58.1 | 202.86 | 3.16 | -61.32 | 267.44 | 1.03 | -58.47 | 145.24 | 0.45 | -6.25 | 15.38 | 6.04 | -31.75 | -5.18 | 223.77 | -6.58 | 6.95 | 110.34 | 9.58 | -61.38 | -10.34 | -639.66 | 94.43 | 6.28 | 0.48 | 0 |
| 20Q3 (4) | 0.95 | -21.49 | 0.0 | 12.69 | -16.68 | 0.0 | 5.11 | -29.13 | 0.0 | 5.05 | -26.38 | 0.0 | 5.06 | -26.02 | 0.0 | 8.17 | -27.57 | 0.0 | 2.48 | -31.11 | 0.0 | 0.48 | -5.88 | 0.0 | 8.85 | -18.81 | 0.0 | 239.54 | 0.8 | 0.0 | 100.70 | -4.55 | 0.0 | -1.40 | 71.72 | 0.0 | 6.25 | 0 | 0.0 |
| 20Q2 (3) | 1.21 | 332.69 | 0.0 | 15.23 | 68.29 | 0.0 | 7.21 | 223.25 | 0.0 | 6.86 | 221.85 | 0.0 | 6.84 | 221.49 | 0.0 | 11.28 | 326.51 | 0.0 | 3.60 | 333.77 | 0.0 | 0.51 | 75.86 | 0.0 | 10.90 | 404.63 | 0.0 | 237.65 | 16.57 | 0.0 | 105.49 | 1.59 | 0.0 | -4.95 | -28.57 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.52 | -677.78 | 0.0 | 9.05 | -26.18 | 0.0 | -5.85 | -391.04 | 0.0 | -5.63 | -904.29 | 0.0 | -5.63 | -904.29 | 0.0 | -4.98 | -679.07 | 0.0 | -1.54 | -466.67 | 0.0 | 0.29 | -25.64 | 0.0 | 2.16 | -66.09 | 0.0 | 203.87 | -2.56 | 0.0 | 103.85 | -63.65 | 0.0 | -3.85 | 97.93 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.09 | 0.0 | 0.0 | 12.26 | 0.0 | 0.0 | 2.01 | 0.0 | 0.0 | 0.70 | 0.0 | 0.0 | 0.70 | 0.0 | 0.0 | 0.86 | 0.0 | 0.0 | 0.42 | 0.0 | 0.0 | 0.39 | 0.0 | 0.0 | 6.37 | 0.0 | 0.0 | 209.22 | 0.0 | 0.0 | 285.71 | 0.0 | 0.0 | -185.71 | 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) | 2.18 | 12.95 | 13.28 | 7.7 | 3.30 | 15.79 | 4.25 | -8.18 | 3.54 | 20.82 | 3.50 | 19.45 | 11.97 | -4.62 | 6.16 | 18.01 | 1.71 | 2.4 | 7.95 | 1.53 | 87.10 | -24.5 | 92.90 | -4.51 | 6.80 | 150.92 | 0.05 | -23.37 | 8.21 | -2.61 |
| 2022 (9) | 1.93 | -5.85 | 12.33 | 16.76 | 2.85 | 23.38 | 4.63 | 12.23 | 2.93 | 3.17 | 2.93 | 8.52 | 12.55 | -20.42 | 5.22 | -0.76 | 1.67 | -10.22 | 7.83 | 9.21 | 115.36 | -44.28 | 97.29 | 19.77 | 2.71 | -85.55 | 0.07 | -24.33 | 8.43 | 18.57 |
| 2021 (8) | 2.05 | 1.49 | 10.56 | -13.51 | 2.31 | -30.42 | 4.12 | -2.34 | 2.84 | -10.41 | 2.70 | -14.83 | 15.77 | -10.85 | 5.26 | -10.7 | 1.86 | 5.68 | 7.17 | -6.27 | 207.04 | -7.48 | 81.23 | -22.35 | 18.77 | 0 | 0.09 | -7.37 | 7.11 | 4.56 |
| 2020 (7) | 2.02 | 0 | 12.21 | 23.08 | 3.32 | 0 | 4.22 | -12.37 | 3.17 | 0 | 3.17 | 0 | 17.69 | 0 | 5.89 | 0 | 1.76 | 7.98 | 7.65 | 95.15 | 223.77 | 6.95 | 104.61 | 86.33 | -4.61 | 0 | 0.10 | 25.59 | 6.80 | -17.78 |
| 2019 (6) | -0.76 | 0 | 9.92 | -4.15 | -0.84 | 0 | 4.82 | 12.71 | -1.49 | 0 | -1.49 | 0 | -6.82 | 0 | -1.72 | 0 | 1.63 | -3.55 | 3.92 | 36.59 | 209.22 | 35.04 | 56.14 | -37.16 | 43.86 | 311.61 | 0.08 | -10.19 | 8.27 | -26.03 |
| 2018 (5) | -0.81 | 0 | 10.35 | -17.46 | -1.57 | 0 | 4.27 | 21.04 | -1.76 | 0 | -1.71 | 0 | -7.05 | 0 | -2.53 | 0 | 1.69 | -6.11 | 2.87 | -32.79 | 154.93 | 18.31 | 89.34 | -2.01 | 10.66 | 20.77 | 0.09 | -58.27 | 11.18 | 7.6 |
| 2017 (4) | 0.26 | -56.67 | 12.54 | -17.23 | 0.50 | -76.64 | 3.53 | -21.78 | 0.55 | -57.36 | 0.55 | -56.69 | 2.15 | -56.48 | 1.18 | -53.36 | 1.80 | -1.64 | 4.27 | -30.11 | 130.95 | 29.76 | 91.18 | -45.02 | 8.82 | 0 | 0.21 | 0 | 10.39 | 8.91 |
| 2016 (3) | 0.60 | 100.0 | 15.15 | 5.14 | 2.14 | 109.8 | 4.52 | -3.87 | 1.29 | 92.54 | 1.27 | 115.25 | 4.94 | 98.39 | 2.53 | 73.29 | 1.83 | -3.68 | 6.11 | 5.89 | 100.92 | -18.42 | 165.82 | 11.37 | -65.82 | 0 | 0.00 | 0 | 9.54 | 10.16 |
| 2015 (2) | 0.30 | 0 | 14.41 | 87.39 | 1.02 | 0 | 4.70 | -14.68 | 0.67 | 0 | 0.59 | 0 | 2.49 | 0 | 1.46 | 0 | 1.90 | 36.69 | 5.77 | 0 | 123.71 | 1.81 | 148.89 | 43.26 | -51.11 | 0 | 0.00 | 0 | 8.66 | -19.07 |
| 2014 (1) | -4.33 | 0 | 7.69 | 0 | -10.29 | 0 | 5.51 | 19.53 | -9.91 | 0 | -10.43 | 0 | -31.17 | 0 | -14.21 | 0 | 1.39 | -6.71 | -3.93 | 0 | 121.51 | 10.77 | 103.93 | -2.59 | -3.93 | 0 | 0.00 | 0 | 10.70 | 8.08 |
