- 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) | 1.44 | 35.85 | 10.77 | 79.47 | 2.62 | 1.88 | 14.10 | 2.4 | -23.03 | 15.77 | 20.75 | -13.16 | 12.31 | 34.68 | 1.82 | 3.71 | 35.9 | 3.92 | 2.18 | 29.76 | 7.39 | 0.17 | 0.0 | 13.33 | 27.32 | 15.03 | -10.16 | 78.99 | -5.04 | -12.7 | 89.33 | -15.23 | -11.2 | 10.67 | 298.81 | 1007.3 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 1.06 | 8.16 | 9.28 | 77.44 | -0.79 | -0.3 | 13.77 | 17.49 | 12.13 | 13.06 | 10.87 | 11.72 | 9.14 | 3.63 | -1.93 | 2.73 | 9.64 | -2.15 | 1.68 | 7.01 | 1.82 | 0.17 | 6.25 | 6.25 | 23.75 | 3.35 | 2.11 | 83.18 | 23.32 | -9.01 | 105.37 | 6.21 | -0.13 | -5.37 | -776.51 | -17.05 | 25.75 | -6.64 | -9.9 |
| 24Q1 (18) | 0.98 | -30.99 | 15.29 | 78.06 | 1.81 | 1.59 | 11.72 | -14.64 | 6.93 | 11.78 | -9.31 | 31.62 | 8.82 | -17.49 | 21.99 | 2.49 | -29.86 | 15.81 | 1.57 | -24.52 | 20.77 | 0.16 | -11.11 | 0.0 | 22.98 | -1.67 | 15.89 | 67.45 | -14.12 | -18.4 | 99.21 | -6.52 | -19.27 | 0.79 | 114.58 | 103.47 | 27.58 | 6.45 | -8.37 |
| 23Q4 (17) | 1.42 | 9.23 | 35.24 | 76.67 | -1.71 | 2.42 | 13.73 | -25.05 | -5.57 | 12.99 | -28.47 | 7.71 | 10.69 | -11.58 | 20.52 | 3.55 | -0.56 | 31.48 | 2.08 | 2.46 | 31.65 | 0.18 | 20.0 | 5.88 | 23.37 | -23.15 | 3.45 | 78.54 | -13.2 | -3.91 | 106.12 | 5.5 | -11.96 | -5.44 | -362.59 | 73.5 | 25.91 | -1.74 | -0.08 |
| 23Q3 (16) | 1.30 | 34.02 | 28.71 | 78.00 | 0.42 | 5.11 | 18.32 | 49.19 | 86.75 | 18.16 | 55.35 | 33.43 | 12.09 | 29.72 | 15.25 | 3.57 | 27.96 | 32.22 | 2.03 | 23.03 | 31.82 | 0.15 | -6.25 | 7.14 | 30.41 | 30.74 | 20.39 | 90.48 | -1.03 | 5.36 | 100.59 | -4.66 | 38.14 | -1.18 | 74.35 | -104.18 | 26.37 | -7.73 | -12.65 |
| 23Q2 (15) | 0.97 | 14.12 | 203.12 | 77.67 | 1.08 | 2.85 | 12.28 | 12.04 | 27.65 | 11.69 | 30.61 | 130.12 | 9.32 | 28.91 | 171.72 | 2.79 | 29.77 | 217.05 | 1.65 | 26.92 | 200.0 | 0.16 | 0.0 | 14.29 | 23.26 | 17.3 | 37.31 | 91.42 | 10.6 | 4.42 | 105.50 | -14.15 | -44.32 | -4.59 | 79.96 | 94.87 | 28.58 | -5.05 | -6.36 |
| 23Q1 (14) | 0.85 | -19.05 | 84.78 | 76.84 | 2.64 | 4.35 | 10.96 | -24.62 | 33.01 | 8.95 | -25.79 | 32.01 | 7.23 | -18.49 | 47.25 | 2.15 | -20.37 | 69.29 | 1.30 | -17.72 | 73.33 | 0.16 | -5.88 | 14.29 | 19.83 | -12.22 | 7.89 | 82.66 | 1.13 | -3.97 | 122.89 | 1.95 | 0.73 | -22.89 | -11.47 | -4.05 | 30.10 | 16.08 | 9.97 |
| 22Q4 (13) | 1.05 | 3.96 | 144.19 | 74.86 | 0.88 | 4.63 | 14.54 | 48.22 | 63.55 | 12.06 | -11.39 | 143.64 | 8.87 | -15.44 | 88.32 | 2.70 | 0.0 | 119.51 | 1.58 | 2.6 | 119.44 | 0.17 | 21.43 | 21.43 | 22.59 | -10.57 | 36.25 | 81.74 | -4.82 | -4.89 | 120.54 | 65.54 | -33.24 | -20.54 | -172.94 | 74.51 | 25.93 | -14.11 | 18.67 |
| 22Q3 (12) | 1.01 | 215.62 | 1920.0 | 74.21 | -1.73 | 2.26 | 9.81 | 1.98 | 47.96 | 13.61 | 167.91 | 116.03 | 10.49 | 205.83 | 124.15 | 2.70 | 206.82 | 164.71 | 1.54 | 180.0 | 152.46 | 0.14 | 0.0 | 16.67 | 25.26 | 49.11 | 29.21 | 85.88 | -1.91 | -2.19 | 72.82 | -61.57 | -30.74 | 28.16 | 131.47 | 649.03 | 30.19 | -1.08 | 11.69 |
| 22Q2 (11) | 0.32 | -30.43 | 900.0 | 75.52 | 2.55 | 7.36 | 9.62 | 16.75 | 86.43 | 5.08 | -25.07 | 559.74 | 3.43 | -30.14 | 701.75 | 0.88 | -30.71 | 833.33 | 0.55 | -26.67 | 0 | 0.14 | 0.0 | 27.27 | 16.94 | -7.83 | 17.39 | 87.55 | 1.71 | 3.04 | 189.47 | 55.31 | -69.44 | -89.47 | -306.7 | 82.79 | 30.52 | 11.51 | -5.13 |
| 22Q1 (10) | 0.46 | 6.98 | 757.14 | 73.64 | 2.92 | 2.29 | 8.24 | -7.31 | 108.08 | 6.78 | 36.97 | 926.83 | 4.91 | 4.25 | 538.39 | 1.27 | 3.25 | 629.17 | 0.75 | 4.17 | 1350.0 | 0.14 | 0.0 | 27.27 | 18.38 | 10.86 | 55.5 | 86.08 | 0.16 | 1.18 | 122.00 | -32.43 | 124.4 | -22.00 | 72.69 | -103.67 | 27.37 | 25.26 | -12.61 |
| 21Q4 (9) | 0.43 | 760.0 | -37.68 | 71.55 | -1.41 | -2.52 | 8.89 | 34.09 | 6.85 | 4.95 | -21.43 | -32.19 | 4.71 | 0.64 | -41.78 | 1.23 | 20.59 | -35.26 | 0.72 | 18.03 | -32.08 | 0.14 | 16.67 | 16.67 | 16.58 | -15.19 | -12.74 | 85.94 | -2.12 | -5.57 | 180.56 | 71.75 | 61.21 | -80.56 | -1470.83 | -475.4 | 21.85 | -19.16 | -16.19 |
| 21Q3 (8) | 0.05 | 225.0 | -89.8 | 72.57 | 3.17 | 2.05 | 6.63 | 28.49 | -19.05 | 6.30 | 718.18 | -29.45 | 4.68 | 921.05 | -31.78 | 1.02 | 950.0 | -35.44 | 0.61 | 0 | -35.11 | 0.12 | 9.09 | 9.09 | 19.55 | 35.48 | -11.14 | 87.80 | 3.33 | -7.63 | 105.13 | -83.04 | 15.05 | -5.13 | 99.01 | -159.49 | 27.03 | -15.98 | 6.46 |
| 21Q2 (7) | -0.04 | 42.86 | -119.05 | 70.34 | -2.29 | 9.11 | 5.16 | 30.3 | 375.94 | 0.77 | 193.9 | -71.79 | -0.57 | 49.11 | -117.12 | -0.12 | 50.0 | -121.05 | 0.00 | 100.0 | -100.0 | 0.11 | 0.0 | 37.5 | 14.43 | 22.08 | -22.13 | 84.97 | -0.13 | -24.9 | 620.00 | 224.0 | 995.56 | -520.00 | -186.67 | -393.91 | 32.17 | 2.71 | 0 |
| 21Q1 (6) | -0.07 | -110.14 | 58.82 | 71.99 | -1.92 | 3.03 | 3.96 | -52.4 | 295.07 | -0.82 | -111.23 | 63.56 | -1.12 | -113.84 | 59.42 | -0.24 | -112.63 | 51.02 | -0.06 | -105.66 | 62.5 | 0.11 | -8.33 | 22.22 | 11.82 | -37.79 | -4.91 | 85.08 | -6.52 | -21.12 | -500.00 | -546.43 | -645.45 | 600.00 | 4385.71 | 7100.0 | 31.32 | 20.14 | -19.82 |
| 20Q4 (5) | 0.69 | 40.82 | 430.77 | 73.40 | 3.22 | 8.63 | 8.32 | 1.59 | 549.73 | 7.30 | -18.25 | 886.49 | 8.09 | 17.93 | 432.24 | 1.90 | 20.25 | 413.51 | 1.06 | 12.77 | 265.52 | 0.12 | 9.09 | 0.0 | 19.00 | -13.64 | 55.36 | 91.01 | -4.25 | 15.55 | 112.00 | 22.57 | 146.67 | -14.00 | -262.4 | -104.12 | 26.07 | 2.68 | 0 |
| 20Q3 (4) | 0.49 | 133.33 | 0.0 | 71.11 | 10.3 | 0.0 | 8.19 | 537.97 | 0.0 | 8.93 | 227.11 | 0.0 | 6.86 | 106.01 | 0.0 | 1.58 | 177.19 | 0.0 | 0.94 | 147.37 | 0.0 | 0.11 | 37.5 | 0.0 | 22.00 | 18.73 | 0.0 | 95.05 | -16.0 | 0.0 | 91.38 | 231.99 | 0.0 | 8.62 | -95.13 | 0.0 | 25.39 | 0 | 0.0 |
| 20Q2 (3) | 0.21 | 223.53 | 0.0 | 64.47 | -7.73 | 0.0 | -1.87 | 7.88 | 0.0 | 2.73 | 221.33 | 0.0 | 3.33 | 220.65 | 0.0 | 0.57 | 216.33 | 0.0 | 0.38 | 337.5 | 0.0 | 0.08 | -11.11 | 0.0 | 18.53 | 49.07 | 0.0 | 113.15 | 4.9 | 0.0 | -69.23 | -175.52 | 0.0 | 176.92 | 2023.08 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.17 | -230.77 | 0.0 | 69.87 | 3.4 | 0.0 | -2.03 | -9.73 | 0.0 | -2.25 | -404.05 | 0.0 | -2.76 | -281.58 | 0.0 | -0.49 | -232.43 | 0.0 | -0.16 | -155.17 | 0.0 | 0.09 | -25.0 | 0.0 | 12.43 | 1.64 | 0.0 | 107.86 | 36.95 | 0.0 | 91.67 | 138.19 | 0.0 | 8.33 | -97.55 | 0.0 | 39.06 | 0 | 0.0 |
| 19Q4 (1) | 0.13 | 0.0 | 0.0 | 67.57 | 0.0 | 0.0 | -1.85 | 0.0 | 0.0 | 0.74 | 0.0 | 0.0 | 1.52 | 0.0 | 0.0 | 0.37 | 0.0 | 0.0 | 0.29 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 12.23 | 0.0 | 0.0 | 78.76 | 0.0 | 0.0 | -240.00 | 0.0 | 0.0 | 340.00 | 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) | 4.50 | 58.45 | 77.26 | 3.61 | 13.82 | 28.2 | 8.75 | -6.92 | 12.96 | 35.56 | 9.88 | 39.94 | 11.62 | 53.5 | 7.04 | 57.49 | 0.65 | 12.07 | 24.17 | 15.7 | 78.54 | -3.91 | 106.68 | -5.49 | -6.68 | 0 | 8.90 | -12.79 | 27.64 | -2.57 |
| 2022 (9) | 2.84 | 667.57 | 74.57 | 4.12 | 10.78 | 71.66 | 9.40 | -12.4 | 9.56 | 229.66 | 7.06 | 242.72 | 7.57 | 311.41 | 4.47 | 260.48 | 0.58 | 23.4 | 20.89 | 33.57 | 81.74 | -4.89 | 112.87 | -47.42 | -12.87 | 0 | 10.20 | 3.11 | 28.37 | 2.05 |
| 2021 (8) | 0.37 | -70.16 | 71.62 | 2.15 | 6.28 | 63.54 | 10.74 | -4.04 | 2.90 | -37.77 | 2.06 | -52.42 | 1.84 | -46.82 | 1.24 | -46.78 | 0.47 | 9.3 | 15.64 | -14.21 | 85.94 | -5.57 | 214.67 | 159.99 | -116.00 | 0 | 9.90 | 5.1 | 27.80 | -7.98 |
| 2020 (7) | 1.24 | 11.71 | 70.11 | -0.82 | 3.84 | 14.97 | 11.19 | 8.62 | 4.66 | 25.27 | 4.33 | 46.78 | 3.46 | 24.91 | 2.33 | 19.49 | 0.43 | -10.42 | 18.23 | 12.74 | 91.01 | 15.55 | 82.57 | -7.24 | 17.43 | 76.25 | 9.41 | -1.24 | 30.21 | 0.03 |
| 2019 (6) | 1.11 | -31.06 | 70.69 | 2.04 | 3.34 | -8.24 | 10.30 | 21.31 | 3.72 | -19.31 | 2.95 | -32.8 | 2.77 | -39.65 | 1.95 | -28.04 | 0.48 | -5.88 | 16.17 | 8.02 | 78.76 | -31.82 | 89.01 | 12.05 | 9.89 | -53.99 | 9.53 | -2.05 | 30.20 | -3.97 |
| 2018 (5) | 1.61 | -9.55 | 69.28 | -4.4 | 3.64 | -55.66 | 8.49 | 24.09 | 4.61 | -45.12 | 4.39 | -21.89 | 4.59 | -16.85 | 2.71 | -19.35 | 0.51 | -5.56 | 14.97 | -10.25 | 115.51 | 23.34 | 79.44 | -18.6 | 21.50 | 792.06 | 9.73 | 0 | 31.45 | -1.32 |
| 2017 (4) | 1.78 | -13.59 | 72.47 | 5.8 | 8.21 | -28.86 | 6.84 | -2.44 | 8.40 | -26.77 | 5.62 | -44.79 | 5.52 | -29.95 | 3.36 | -35.88 | 0.54 | 8.0 | 16.68 | -13.93 | 93.65 | 46.17 | 97.59 | -3.02 | 2.41 | 0 | 0.00 | 0 | 31.87 | -1.88 |
| 2016 (3) | 2.06 | -10.43 | 68.50 | -3.23 | 11.54 | -10.33 | 7.01 | -16.49 | 11.47 | -3.61 | 10.18 | 5.93 | 7.88 | -18.0 | 5.24 | -16.83 | 0.50 | -18.03 | 19.38 | -10.03 | 64.07 | 38.5 | 100.63 | -6.68 | -0.63 | 0 | 0.00 | 0 | 32.48 | -5.64 |
| 2015 (2) | 2.30 | 51.32 | 70.79 | 2.09 | 12.87 | 39.59 | 8.40 | -6.59 | 11.90 | 20.32 | 9.61 | 29.51 | 9.61 | 9.45 | 6.30 | 26.51 | 0.61 | 1.67 | 21.54 | 4.01 | 46.26 | -49.64 | 107.83 | 16.37 | -7.83 | 0 | 0.00 | 0 | 34.42 | -4.23 |
| 2014 (1) | 1.52 | 270.73 | 69.34 | 0 | 9.22 | 0 | 8.99 | 10.21 | 9.89 | 0 | 7.42 | 0 | 8.78 | 0 | 4.98 | 0 | 0.60 | -4.76 | 20.71 | 48.89 | 91.85 | -11.65 | 92.66 | 63.26 | 6.42 | -85.15 | 0.00 | 0 | 35.94 | 0.06 |
