- 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) | 0.24 | -20.0 | 71.43 | 9.52 | 8.55 | 50.63 | 4.61 | 27.35 | 462.2 | 3.68 | -15.4 | 15.72 | 2.82 | -24.4 | 14.17 | 1.13 | -18.71 | 71.21 | 0.66 | -15.38 | 46.67 | 0.18 | 5.88 | 50.0 | 12.27 | -9.78 | -28.54 | 117.53 | -2.92 | -0.71 | 125.00 | 49.31 | 379.17 | -25.00 | -253.57 | -133.82 | 11.38 | 2.89 | -10.75 |
| 24Q2 (19) | 0.30 | 66.67 | 3100.0 | 8.77 | 25.11 | 62.41 | 3.62 | 254.9 | 288.54 | 4.35 | 13.28 | 1791.3 | 3.73 | 44.02 | 6316.67 | 1.39 | 69.51 | 7050.0 | 0.78 | 50.0 | 457.14 | 0.17 | 13.33 | 41.67 | 13.60 | -10.11 | -5.36 | 121.07 | 4.6 | 4.35 | 83.72 | 197.67 | 112.88 | 16.28 | -78.29 | -97.83 | 11.06 | -9.12 | -16.02 |
| 24Q1 (18) | 0.18 | 238.46 | 238.46 | 7.01 | 2.79 | 24.51 | 1.02 | 30.77 | 174.45 | 3.84 | 258.68 | 229.29 | 2.59 | 242.31 | 203.6 | 0.82 | 251.85 | 251.85 | 0.52 | 677.78 | 533.33 | 0.15 | 7.14 | 50.0 | 15.13 | 46.18 | 16.03 | 115.75 | -2.22 | 1.39 | 28.12 | 189.06 | -36.72 | 75.00 | -45.19 | 35.0 | 12.17 | -0.98 | -27.08 |
| 23Q4 (17) | -0.13 | -192.86 | 56.67 | 6.82 | 7.91 | -0.44 | 0.78 | -4.88 | 119.9 | -2.42 | -176.1 | 70.09 | -1.82 | -173.68 | 66.23 | -0.54 | -181.82 | 59.09 | -0.09 | -120.0 | 82.0 | 0.14 | 16.67 | 27.27 | 10.35 | -39.72 | 73.66 | 118.38 | 0.01 | 3.52 | -31.58 | -221.05 | -165.5 | 136.84 | 85.14 | 164.25 | 12.29 | -3.61 | -22.17 |
| 23Q3 (16) | 0.14 | 1500.0 | -68.18 | 6.32 | 17.04 | -40.71 | 0.82 | 142.71 | -64.35 | 3.18 | 1282.61 | -53.85 | 2.47 | 4216.67 | -55.09 | 0.66 | 3400.0 | -66.5 | 0.45 | 221.43 | -55.0 | 0.12 | 0.0 | -25.0 | 17.17 | 19.49 | 3.31 | 118.37 | 2.03 | 2.63 | 26.09 | 104.01 | -21.74 | 73.91 | -90.14 | 10.87 | 12.75 | -3.19 | 1.43 |
| 23Q2 (15) | -0.01 | 92.31 | -101.43 | 5.40 | -4.09 | -55.22 | -1.92 | -40.15 | -126.85 | 0.23 | 107.74 | -97.3 | -0.06 | 97.6 | -100.87 | -0.02 | 96.3 | -100.65 | 0.14 | 216.67 | -90.48 | 0.12 | 20.0 | -40.0 | 14.37 | 10.2 | -11.68 | 116.02 | 1.63 | -8.64 | -650.00 | -1562.5 | -874.16 | 750.00 | 1250.0 | 4576.47 | 13.17 | -21.09 | 27.0 |
| 23Q1 (14) | -0.13 | 56.67 | -123.64 | 5.63 | -17.81 | -51.96 | -1.37 | 65.05 | -121.17 | -2.97 | 63.29 | -140.14 | -2.50 | 53.62 | -142.59 | -0.54 | 59.09 | -122.04 | -0.12 | 76.0 | -110.08 | 0.10 | -9.09 | -47.37 | 13.04 | 118.79 | -16.52 | 114.16 | -0.17 | -4.6 | 44.44 | -7.82 | -49.04 | 55.56 | 7.28 | 334.34 | 16.69 | 5.7 | 45.64 |
| 22Q4 (13) | -0.30 | -168.18 | -144.78 | 6.85 | -35.74 | -44.62 | -3.92 | -270.43 | -148.82 | -8.09 | -217.42 | -204.79 | -5.39 | -198.0 | -186.94 | -1.32 | -167.01 | -143.85 | -0.50 | -150.0 | -134.72 | 0.11 | -31.25 | -50.0 | 5.96 | -64.14 | -60.94 | 114.35 | -0.86 | -3.29 | 48.21 | 44.64 | -53.61 | 51.79 | -22.32 | 1420.54 | 15.79 | 25.62 | 42.0 |
| 22Q3 (12) | 0.44 | -37.14 | -35.29 | 10.66 | -11.61 | -11.97 | 2.30 | -67.83 | -71.29 | 6.89 | -19.23 | -14.52 | 5.50 | -20.29 | -14.33 | 1.97 | -36.04 | -36.04 | 1.00 | -31.97 | -30.56 | 0.16 | -20.0 | -23.81 | 16.62 | 2.15 | 6.06 | 115.34 | -9.17 | -7.36 | 33.33 | -60.3 | -66.34 | 66.67 | 315.69 | 6833.33 | 12.57 | 21.22 | 31.9 |
| 22Q2 (11) | 0.70 | 27.27 | -12.5 | 12.06 | 2.9 | -16.88 | 7.15 | 10.51 | -32.93 | 8.53 | 15.27 | -11.24 | 6.90 | 17.55 | -6.12 | 3.08 | 25.71 | -16.3 | 1.47 | 23.53 | -11.98 | 0.20 | 5.26 | -9.09 | 16.27 | 4.16 | -5.46 | 126.99 | 6.12 | -1.35 | 83.96 | -3.72 | -24.32 | 16.04 | 25.39 | 246.63 | 10.37 | -9.51 | 11.15 |
| 22Q1 (10) | 0.55 | -17.91 | 12.24 | 11.72 | -5.25 | 0.6 | 6.47 | -19.43 | -1.52 | 7.40 | -4.15 | 6.32 | 5.87 | -5.32 | 7.12 | 2.45 | -18.6 | 6.06 | 1.19 | -17.36 | 11.21 | 0.19 | -13.64 | 5.56 | 15.62 | 2.36 | -2.31 | 119.67 | 1.21 | -10.84 | 87.21 | -16.08 | -6.65 | 12.79 | 426.16 | 143.02 | 11.46 | 3.06 | 1.15 |
| 21Q4 (9) | 0.67 | -1.47 | 36.73 | 12.37 | 2.15 | 33.87 | 8.03 | 0.25 | 108.57 | 7.72 | -4.22 | 15.74 | 6.20 | -3.43 | 0.49 | 3.01 | -2.27 | 26.47 | 1.44 | 0.0 | 33.33 | 0.22 | 4.76 | 37.5 | 15.26 | -2.62 | -4.74 | 118.24 | -5.04 | -13.92 | 103.92 | 4.93 | 77.76 | -3.92 | -507.84 | -109.44 | 11.12 | 16.68 | 8.38 |
| 21Q3 (8) | 0.68 | -15.0 | 655.56 | 12.11 | -16.54 | 33.81 | 8.01 | -24.86 | 109.14 | 8.06 | -16.13 | 319.79 | 6.42 | -12.65 | 372.06 | 3.08 | -16.3 | 555.32 | 1.44 | -13.77 | 414.29 | 0.21 | -4.55 | 50.0 | 15.67 | -8.95 | 30.26 | 124.51 | -3.28 | -14.31 | 99.04 | -10.73 | -51.98 | 0.96 | 108.79 | 100.96 | 9.53 | 2.14 | -28.67 |
| 21Q2 (7) | 0.80 | 63.27 | 766.67 | 14.51 | 24.55 | 974.81 | 10.66 | 62.25 | 316.67 | 9.61 | 38.07 | 351.57 | 7.35 | 34.12 | 412.77 | 3.68 | 59.31 | 807.69 | 1.67 | 56.07 | 1384.62 | 0.22 | 22.22 | 120.0 | 17.21 | 7.63 | 44.74 | 128.73 | -4.09 | -7.73 | 110.94 | 18.75 | -12.83 | -10.94 | -307.81 | 59.9 | 9.33 | -17.65 | 0 |
| 21Q1 (6) | 0.49 | 0.0 | 113.04 | 11.65 | 26.08 | 13.44 | 6.57 | 70.65 | 51.73 | 6.96 | 4.35 | 44.1 | 5.48 | -11.18 | 46.13 | 2.31 | -2.94 | 115.89 | 1.07 | -0.93 | 94.55 | 0.18 | 12.5 | 38.46 | 15.99 | -0.19 | -4.19 | 134.22 | -2.29 | 4.15 | 93.42 | 59.8 | 5.1 | 5.26 | -87.33 | -52.63 | 11.33 | 10.43 | 0 |
| 20Q4 (5) | 0.49 | 444.44 | 122.73 | 9.24 | 2.1 | -19.65 | 3.85 | 0.52 | -36.26 | 6.67 | 247.4 | 68.43 | 6.17 | 353.68 | 90.43 | 2.38 | 406.38 | 133.33 | 1.08 | 285.71 | 96.36 | 0.16 | 14.29 | 14.29 | 16.02 | 33.17 | 10.03 | 137.36 | -5.46 | 10.93 | 58.46 | -71.66 | -61.42 | 41.54 | 141.54 | 180.63 | 10.26 | -23.2 | -14.0 |
| 20Q3 (4) | 0.09 | 175.0 | 0.0 | 9.05 | 570.37 | 0.0 | 3.83 | 177.85 | 0.0 | 1.92 | 150.26 | 0.0 | 1.36 | 157.87 | 0.0 | 0.47 | 190.38 | 0.0 | 0.28 | 315.38 | 0.0 | 0.14 | 40.0 | 0.0 | 12.03 | 1.18 | 0.0 | 145.30 | 4.15 | 0.0 | 206.25 | 62.05 | 0.0 | -100.00 | -266.67 | 0.0 | 13.36 | 0 | 0.0 |
| 20Q2 (3) | -0.12 | -152.17 | 0.0 | 1.35 | -86.85 | 0.0 | -4.92 | -213.63 | 0.0 | -3.82 | -179.09 | 0.0 | -2.35 | -162.67 | 0.0 | -0.52 | -148.6 | 0.0 | -0.13 | -123.64 | 0.0 | 0.10 | -23.08 | 0.0 | 11.89 | -28.76 | 0.0 | 139.51 | 8.26 | 0.0 | 127.27 | 43.18 | 0.0 | -27.27 | -345.45 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.23 | 4.55 | 0.0 | 10.27 | -10.7 | 0.0 | 4.33 | -28.31 | 0.0 | 4.83 | 21.97 | 0.0 | 3.75 | 15.74 | 0.0 | 1.07 | 4.9 | 0.0 | 0.55 | 0.0 | 0.0 | 0.13 | -7.14 | 0.0 | 16.69 | 14.63 | 0.0 | 128.87 | 4.07 | 0.0 | 88.89 | -41.33 | 0.0 | 11.11 | 121.57 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.22 | 0.0 | 0.0 | 11.50 | 0.0 | 0.0 | 6.04 | 0.0 | 0.0 | 3.96 | 0.0 | 0.0 | 3.24 | 0.0 | 0.0 | 1.02 | 0.0 | 0.0 | 0.55 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 14.56 | 0.0 | 0.0 | 123.83 | 0.0 | 0.0 | 151.52 | 0.0 | 0.0 | -51.52 | 0.0 | 0.0 | 11.93 | 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) | -0.13 | 0 | 6.09 | -43.35 | -0.33 | 0 | 12.46 | 46.33 | -0.45 | 0 | -0.43 | 0 | -0.45 | 0 | 0.38 | -88.38 | 0.48 | -29.41 | 13.70 | -5.26 | 118.38 | 3.52 | 69.23 | -11.42 | 23.08 | 5.64 | 0.02 | -48.67 | 13.56 | 11.79 |
| 2022 (9) | 1.37 | -48.11 | 10.75 | -15.42 | 3.92 | -53.39 | 8.51 | 17.81 | 5.02 | -38.33 | 4.20 | -34.38 | 6.22 | -48.76 | 3.27 | -42.33 | 0.68 | -18.07 | 14.46 | -9.74 | 114.35 | -3.29 | 78.16 | -24.25 | 21.84 | 0 | 0.03 | -66.59 | 12.13 | 18.0 |
| 2021 (8) | 2.64 | 277.14 | 12.71 | 58.88 | 8.41 | 254.85 | 7.23 | -29.27 | 8.14 | 167.76 | 6.40 | 133.58 | 12.14 | 263.47 | 5.67 | 215.0 | 0.83 | 56.6 | 16.02 | 11.72 | 118.24 | -13.92 | 103.18 | 32.07 | -3.18 | 0 | 0.10 | -39.41 | 10.28 | -17.76 |
| 2020 (7) | 0.70 | -60.0 | 8.00 | -40.87 | 2.37 | -69.81 | 10.22 | 10.67 | 3.04 | -60.82 | 2.74 | -54.64 | 3.34 | -59.02 | 1.80 | -55.99 | 0.53 | -14.52 | 14.34 | -19.89 | 137.36 | 10.93 | 78.12 | -22.71 | 21.88 | 0 | 0.17 | -11.85 | 12.50 | 3.65 |
| 2019 (6) | 1.75 | -31.1 | 13.53 | -17.6 | 7.85 | -25.1 | 9.23 | 15.62 | 7.76 | -24.29 | 6.04 | -22.56 | 8.15 | -30.46 | 4.09 | -32.73 | 0.62 | -16.22 | 17.90 | -5.74 | 123.83 | 9.8 | 101.08 | -1.31 | -1.08 | 0 | 0.19 | -29.34 | 12.06 | -44.35 |
| 2018 (5) | 2.54 | -40.09 | 16.42 | -17.53 | 10.48 | -27.72 | 7.98 | 15.43 | 10.25 | -27.61 | 7.80 | -31.76 | 11.72 | -39.87 | 6.08 | -42.91 | 0.74 | -17.78 | 18.99 | -12.04 | 112.78 | 17.36 | 102.42 | 0.09 | -2.18 | 0 | 0.27 | 0 | 21.67 | 95.23 |
| 2017 (4) | 4.24 | -2.97 | 19.91 | -1.34 | 14.50 | -0.62 | 6.92 | 9.96 | 14.16 | -3.15 | 11.43 | -4.11 | 19.49 | -5.57 | 10.65 | -7.79 | 0.90 | -4.26 | 21.59 | 0.98 | 96.10 | 17.73 | 102.33 | 2.48 | -2.33 | 0 | 0.00 | 0 | 11.10 | -2.12 |
| 2016 (3) | 4.37 | -3.96 | 20.18 | -1.22 | 14.59 | -3.82 | 6.29 | 13.79 | 14.62 | -1.55 | 11.92 | -1.73 | 20.64 | -8.39 | 11.55 | -7.6 | 0.94 | -6.0 | 21.38 | 2.25 | 81.63 | -5.54 | 99.85 | -2.28 | 0.15 | 0 | 0.00 | 0 | 11.34 | 10.1 |
| 2015 (2) | 4.55 | 24.66 | 20.43 | 13.12 | 15.17 | 16.42 | 5.53 | 6.69 | 14.85 | 9.43 | 12.13 | 15.09 | 22.53 | 20.48 | 12.50 | 18.04 | 1.00 | 3.09 | 20.91 | 8.62 | 86.42 | 1.8 | 102.17 | 6.34 | -2.17 | 0 | 0.00 | 0 | 10.30 | 1.28 |
| 2014 (1) | 3.65 | -31.39 | 18.06 | 0 | 13.03 | 0 | 5.18 | 24.97 | 13.57 | 0 | 10.54 | 0 | 18.70 | 0 | 10.59 | 0 | 0.97 | -19.83 | 19.25 | -6.87 | 84.89 | 6.71 | 96.08 | -0.15 | 3.92 | 3.83 | 0.00 | 0 | 10.17 | 23.72 |
