- 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) | 0.56 | 229.41 | 115.38 | 21.57 | 5.58 | -13.06 | 8.90 | 34.24 | -18.72 | 8.20 | 65.99 | 0.12 | 9.48 | 225.77 | 68.98 | 1.38 | 220.93 | 119.05 | 0.82 | 134.29 | 82.22 | 0.07 | 0.0 | 16.67 | 27.52 | 15.15 | -12.83 | 104.77 | -2.65 | 2.66 | 108.86 | -20.06 | -19.36 | -8.86 | 73.97 | 73.42 | 9.77 | 0.41 | -12.38 |
| 24Q2 (19) | 0.17 | 1600.0 | -70.69 | 20.43 | -3.86 | -32.24 | 6.63 | 114.56 | -60.7 | 4.94 | 139.81 | -66.82 | 2.91 | 1285.71 | -74.32 | 0.43 | 2050.0 | -72.61 | 0.35 | 150.0 | -60.67 | 0.07 | 40.0 | 0.0 | 23.90 | -16.78 | -30.12 | 107.62 | -4.13 | 0.78 | 136.17 | -4.68 | 19.83 | -34.04 | 31.91 | -149.65 | 9.73 | -24.4 | 4.74 |
| 24Q1 (18) | 0.01 | -99.18 | -97.96 | 21.25 | -21.79 | -23.78 | 3.09 | -83.14 | -78.84 | 2.06 | -88.39 | -84.91 | 0.21 | -98.46 | -98.02 | 0.02 | -99.33 | -98.5 | 0.14 | -91.3 | -82.05 | 0.05 | -54.55 | -16.67 | 28.72 | -3.17 | -16.75 | 112.26 | 11.24 | 0.88 | 142.86 | 38.56 | 33.09 | -50.00 | -1512.5 | -581.25 | 12.87 | 95.59 | 27.17 |
| 23Q4 (17) | 1.22 | 369.23 | 134.62 | 27.17 | 9.51 | 1.61 | 18.33 | 67.4 | 26.33 | 17.75 | 116.73 | 34.78 | 13.67 | 143.67 | 33.5 | 2.98 | 373.02 | 115.94 | 1.61 | 257.78 | 98.77 | 0.11 | 83.33 | 57.14 | 29.66 | -6.05 | -6.32 | 100.92 | -1.12 | 0.53 | 103.10 | -23.63 | -6.8 | -3.10 | 90.7 | 70.8 | 6.58 | -40.99 | -34.4 |
| 23Q3 (16) | 0.26 | -55.17 | -58.73 | 24.81 | -17.71 | -23.12 | 10.95 | -35.09 | -41.82 | 8.19 | -45.0 | -51.37 | 5.61 | -50.49 | -57.44 | 0.63 | -59.87 | -63.37 | 0.45 | -49.44 | -53.61 | 0.06 | -14.29 | 0.0 | 31.57 | -7.69 | -5.87 | 102.06 | -4.43 | 5.17 | 135.00 | 18.8 | 20.97 | -33.33 | -144.44 | -187.5 | 11.15 | 20.02 | 9.21 |
| 23Q2 (15) | 0.58 | 18.37 | -15.94 | 30.15 | 8.14 | 3.4 | 16.87 | 15.55 | 19.05 | 14.89 | 9.08 | -20.84 | 11.33 | 6.79 | -33.55 | 1.57 | 18.05 | -18.23 | 0.89 | 14.1 | -15.24 | 0.07 | 16.67 | 40.0 | 34.20 | -0.87 | -12.01 | 106.79 | -4.03 | 1.11 | 113.64 | 5.87 | 50.74 | -13.64 | -85.8 | -155.4 | 9.29 | -8.2 | -18.51 |
| 23Q1 (14) | 0.49 | -5.77 | 32.43 | 27.88 | 4.26 | -18.41 | 14.60 | 0.62 | -10.81 | 13.65 | 3.64 | -19.66 | 10.61 | 3.61 | -14.23 | 1.33 | -3.62 | 9.92 | 0.78 | -3.7 | 11.43 | 0.06 | -14.29 | 20.0 | 34.50 | 8.97 | -12.53 | 111.28 | 10.85 | 5.86 | 107.34 | -2.97 | 11.68 | -7.34 | 30.89 | -288.99 | 10.12 | 0.9 | -24.25 |
| 22Q4 (13) | 0.52 | -17.46 | -40.23 | 26.74 | -17.14 | -18.62 | 14.51 | -22.9 | -18.94 | 13.17 | -21.79 | -33.42 | 10.24 | -22.31 | -33.16 | 1.38 | -19.77 | -37.27 | 0.81 | -16.49 | -33.61 | 0.07 | 16.67 | 0.0 | 31.66 | -5.61 | -10.13 | 100.39 | 3.45 | 1.36 | 110.62 | -0.87 | 21.89 | -10.62 | 8.41 | -214.82 | 10.03 | -1.76 | 8.79 |
| 22Q3 (12) | 0.63 | -8.7 | 46.51 | 32.27 | 10.67 | -18.84 | 18.82 | 32.82 | -25.61 | 16.84 | -10.47 | -7.12 | 13.18 | -22.7 | -6.06 | 1.72 | -10.42 | 53.57 | 0.97 | -7.62 | 42.65 | 0.06 | 20.0 | 50.0 | 33.54 | -13.71 | -25.62 | 97.04 | -8.12 | 0.61 | 111.59 | 48.03 | -19.76 | -11.59 | -147.1 | 70.33 | 10.21 | -10.44 | -27.43 |
| 22Q2 (11) | 0.69 | 86.49 | 46.81 | 29.16 | -14.66 | -14.44 | 14.17 | -13.44 | -16.7 | 18.81 | 10.71 | -5.86 | 17.05 | 37.83 | 2.4 | 1.92 | 58.68 | 58.68 | 1.05 | 50.0 | 41.89 | 0.05 | 0.0 | 25.0 | 38.87 | -1.45 | -21.01 | 105.62 | 0.48 | 15.39 | 75.38 | -21.57 | -10.54 | 24.62 | 533.85 | 68.52 | 11.40 | -14.67 | -24.05 |
| 22Q1 (10) | 0.37 | -57.47 | -44.78 | 34.17 | 3.99 | -0.44 | 16.37 | -8.55 | -25.01 | 16.99 | -14.11 | -23.5 | 12.37 | -19.26 | -24.53 | 1.21 | -45.0 | -30.46 | 0.70 | -42.62 | -30.69 | 0.05 | -28.57 | -16.67 | 39.44 | 11.95 | -6.72 | 105.12 | 6.14 | 15.05 | 96.12 | 5.91 | -2.51 | 3.88 | -58.01 | 175.73 | 13.36 | 44.9 | 27.24 |
| 21Q4 (9) | 0.87 | 102.33 | 163.64 | 32.86 | -17.35 | -6.57 | 17.90 | -29.25 | 5.23 | 19.78 | 9.1 | 70.96 | 15.32 | 9.19 | 71.56 | 2.20 | 96.43 | 171.6 | 1.22 | 79.41 | 134.62 | 0.07 | 75.0 | 75.0 | 35.23 | -21.87 | -3.85 | 99.04 | 2.69 | 7.19 | 90.75 | -34.75 | -38.17 | 9.25 | 123.67 | 119.77 | 9.22 | -34.47 | -41.05 |
| 21Q3 (8) | 0.43 | -8.51 | -60.19 | 39.76 | 16.67 | 23.79 | 25.30 | 48.74 | 8.58 | 18.13 | -9.26 | -22.55 | 14.03 | -15.74 | -24.93 | 1.12 | -7.44 | -60.7 | 0.68 | -8.11 | -52.78 | 0.04 | 0.0 | -42.86 | 45.09 | -8.37 | 15.08 | 96.45 | 5.38 | -20.1 | 139.08 | 65.04 | 39.8 | -39.08 | -367.55 | -7720.69 | 14.07 | -6.26 | 73.06 |
| 21Q2 (7) | 0.47 | -29.85 | -26.56 | 34.08 | -0.7 | 12.48 | 17.01 | -22.08 | -9.95 | 19.98 | -10.04 | 12.88 | 16.65 | 1.59 | 17.83 | 1.21 | -30.46 | -28.4 | 0.74 | -26.73 | -19.57 | 0.04 | -33.33 | -33.33 | 49.21 | 16.39 | 30.88 | 91.53 | 0.18 | -23.27 | 84.27 | -14.53 | -21.35 | 14.61 | 937.08 | 304.49 | 15.01 | 42.95 | 43.09 |
| 21Q1 (6) | 0.67 | 103.03 | 31.37 | 34.32 | -2.42 | 3.81 | 21.83 | 28.34 | 11.43 | 22.21 | 91.96 | 29.28 | 16.39 | 83.54 | 29.57 | 1.74 | 114.81 | 32.82 | 1.01 | 94.23 | 31.17 | 0.06 | 50.0 | 20.0 | 42.28 | 15.39 | 5.23 | 91.37 | -1.11 | -15.26 | 98.59 | -32.83 | -14.07 | 1.41 | 103.01 | 110.29 | 10.50 | -32.86 | -11.84 |
| 20Q4 (5) | 0.33 | -69.44 | -41.07 | 35.17 | 9.5 | 19.5 | 17.01 | -27.0 | -1.16 | 11.57 | -50.58 | -9.47 | 8.93 | -52.22 | -28.96 | 0.81 | -71.58 | -44.14 | 0.52 | -63.89 | -37.35 | 0.04 | -42.86 | -33.33 | 36.64 | -6.48 | 10.66 | 92.40 | -23.45 | -16.55 | 146.77 | 47.53 | 9.03 | -46.77 | -9220.97 | -35.13 | 15.64 | 92.37 | 0 |
| 20Q3 (4) | 1.08 | 68.75 | 0.0 | 32.12 | 6.01 | 0.0 | 23.30 | 23.35 | 0.0 | 23.41 | 32.26 | 0.0 | 18.69 | 32.27 | 0.0 | 2.85 | 68.64 | 0.0 | 1.44 | 56.52 | 0.0 | 0.07 | 16.67 | 0.0 | 39.18 | 4.2 | 0.0 | 120.71 | 1.19 | 0.0 | 99.49 | -7.15 | 0.0 | 0.51 | 107.18 | 0.0 | 8.13 | -22.5 | 0.0 |
| 20Q2 (3) | 0.64 | 25.49 | 0.0 | 30.30 | -8.35 | 0.0 | 18.89 | -3.57 | 0.0 | 17.70 | 3.03 | 0.0 | 14.13 | 11.7 | 0.0 | 1.69 | 29.01 | 0.0 | 0.92 | 19.48 | 0.0 | 0.06 | 20.0 | 0.0 | 37.60 | -6.42 | 0.0 | 119.29 | 10.64 | 0.0 | 107.14 | -6.62 | 0.0 | -7.14 | 47.8 | 0.0 | 10.49 | -11.92 | 0.0 |
| 20Q1 (2) | 0.51 | -8.93 | 0.0 | 33.06 | 12.33 | 0.0 | 19.59 | 13.83 | 0.0 | 17.18 | 34.43 | 0.0 | 12.65 | 0.64 | 0.0 | 1.31 | -9.66 | 0.0 | 0.77 | -7.23 | 0.0 | 0.05 | -16.67 | 0.0 | 40.18 | 21.35 | 0.0 | 107.82 | -2.63 | 0.0 | 114.74 | -14.77 | 0.0 | -13.68 | 60.47 | 0.0 | 11.91 | 0 | 0.0 |
| 19Q4 (1) | 0.56 | 0.0 | 0.0 | 29.43 | 0.0 | 0.0 | 17.21 | 0.0 | 0.0 | 12.78 | 0.0 | 0.0 | 12.57 | 0.0 | 0.0 | 1.45 | 0.0 | 0.0 | 0.83 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | 33.11 | 0.0 | 0.0 | 110.73 | 0.0 | 0.0 | 134.62 | 0.0 | 0.0 | -34.62 | 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) | 2.55 | 15.38 | 27.55 | -9.2 | 15.82 | -1.12 | 14.78 | -8.05 | 14.43 | -11.31 | 10.97 | -16.07 | 6.45 | 5.56 | 3.75 | 6.84 | 0.29 | 26.09 | 32.06 | -9.54 | 100.92 | 0.53 | 109.66 | 11.5 | -9.66 | 0 | 4.64 | -2.5 | 8.80 | -20.58 |
| 2022 (9) | 2.21 | -9.05 | 30.34 | -12.87 | 16.00 | -20.87 | 16.07 | -13.81 | 16.27 | -19.18 | 13.07 | -16.16 | 6.11 | -1.13 | 3.51 | -1.68 | 0.23 | 15.0 | 35.44 | -14.73 | 100.39 | 1.36 | 98.35 | -2.05 | 1.65 | 0 | 4.75 | -5.32 | 11.08 | -4.15 |
| 2021 (8) | 2.43 | -3.95 | 34.82 | 7.11 | 20.22 | 0.7 | 18.65 | 8.28 | 20.13 | 10.85 | 15.59 | 9.79 | 6.18 | -3.59 | 3.57 | -4.55 | 0.20 | -9.09 | 41.56 | 8.03 | 99.04 | 7.19 | 100.41 | -9.18 | -0.41 | 0 | 5.02 | 264.55 | 11.56 | 4.05 |
| 2020 (7) | 2.53 | -10.6 | 32.51 | 19.0 | 20.08 | 11.87 | 17.22 | 23.31 | 18.16 | 12.38 | 14.20 | 7.33 | 6.41 | -14.19 | 3.74 | -9.0 | 0.22 | -18.52 | 38.47 | 17.36 | 92.40 | -16.55 | 110.56 | -0.5 | -10.56 | 0 | 1.38 | -2.94 | 11.11 | 27.7 |
| 2019 (6) | 2.83 | 21.98 | 27.32 | -6.25 | 17.95 | -2.13 | 13.97 | -18.38 | 16.16 | 10.08 | 13.23 | 4.34 | 7.47 | 18.01 | 4.11 | 14.8 | 0.27 | 17.39 | 32.78 | -6.5 | 110.73 | -0.52 | 111.11 | -11.11 | -11.11 | 0 | 1.42 | -4.98 | 8.70 | -13.35 |
| 2018 (5) | 2.32 | 0 | 29.14 | -10.42 | 18.34 | 10.02 | 17.11 | -16.14 | 14.68 | 0 | 12.68 | 0 | 6.33 | 0 | 3.58 | 0 | 0.23 | 9.52 | 35.06 | 55.27 | 111.31 | -3.67 | 125.00 | 0 | -25.00 | 0 | 1.49 | 0 | 10.04 | -5.73 |
| 2017 (4) | -0.62 | 0 | 32.53 | 15.77 | 16.67 | 19.33 | 20.41 | 13.05 | -1.23 | 0 | -4.22 | 0 | -1.81 | 0 | -0.29 | 0 | 0.21 | -4.55 | 22.58 | -28.25 | 115.55 | 19.28 | -1357.69 | 0 | 1457.69 | 0 | 0.00 | 0 | 10.65 | 6.18 |
| 2016 (3) | 1.14 | -34.1 | 28.10 | -11.41 | 13.97 | -9.52 | 18.05 | 11.13 | 10.33 | -12.53 | 7.28 | -21.72 | 3.05 | -29.72 | 2.21 | -30.28 | 0.22 | -18.52 | 31.47 | 1.98 | 96.87 | 24.21 | 135.09 | 3.32 | -35.09 | 0 | 0.00 | 0 | 10.03 | 4.59 |
| 2015 (2) | 1.73 | -15.2 | 31.72 | 9.3 | 15.44 | -13.55 | 16.24 | -3.79 | 11.81 | -23.86 | 9.30 | -26.31 | 4.34 | -23.05 | 3.17 | -22.87 | 0.27 | -6.9 | 30.86 | -10.26 | 77.99 | 25.24 | 130.74 | 13.57 | -30.74 | 0 | 0.00 | 0 | 9.59 | -0.21 |
| 2014 (1) | 2.04 | -15.7 | 29.02 | 0 | 17.86 | 0 | 16.88 | 2.74 | 15.51 | 0 | 12.62 | 0 | 5.64 | 0 | 4.11 | 0 | 0.29 | -3.33 | 34.39 | -3.62 | 62.27 | 31.32 | 115.12 | 9.6 | -15.12 | 0 | 0.00 | 0 | 9.61 | 3.89 |
