- 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) | 1.10 | 50.68 | 19.57 | 32.82 | -0.18 | 5.8 | 9.09 | -8.92 | 9.12 | 13.24 | 36.49 | 20.15 | 9.70 | 33.43 | 7.54 | 3.20 | 47.47 | 18.52 | 2.18 | 53.52 | 19.13 | 0.22 | 10.0 | 10.0 | 18.16 | 19.16 | 10.66 | 46.75 | -6.91 | -6.35 | 70.21 | -29.79 | -6.38 | 31.91 | 1089.36 | 27.66 | 25.21 | -4.65 | 3.92 |
| 24Q2 (19) | 0.73 | 46.0 | 192.0 | 32.88 | 9.42 | 4.95 | 9.98 | 121.78 | 17.27 | 9.70 | 42.02 | 154.59 | 7.27 | 12.19 | 155.99 | 2.17 | 47.62 | 185.53 | 1.42 | 44.9 | 178.43 | 0.20 | 33.33 | 11.11 | 15.24 | 8.01 | 52.4 | 50.22 | -10.45 | 9.53 | 100.00 | 45.45 | -54.17 | -3.23 | -108.6 | 97.27 | 26.44 | -11.07 | -4.24 |
| 24Q1 (18) | 0.50 | 733.33 | 377.78 | 30.05 | 11.17 | 1.35 | 4.50 | 166.27 | 306.42 | 6.83 | 228.37 | 229.36 | 6.48 | 710.0 | 336.5 | 1.47 | 764.71 | 388.24 | 0.98 | 653.85 | 388.24 | 0.15 | 7.14 | 25.0 | 14.11 | 42.38 | 389.93 | 56.08 | 22.61 | 1.74 | 68.75 | -14.06 | 51.25 | 37.50 | 87.5 | -31.25 | 29.73 | 11.6 | -14.86 |
| 23Q4 (17) | 0.06 | -93.48 | 117.65 | 27.03 | -12.86 | 1.2 | 1.69 | -79.71 | 153.48 | 2.08 | -81.13 | 126.33 | 0.80 | -91.13 | 117.35 | 0.17 | -93.7 | 118.89 | 0.13 | -92.9 | 122.03 | 0.14 | -30.0 | 7.69 | 9.91 | -39.61 | 2404.65 | 45.74 | -8.37 | -0.13 | 80.00 | 6.67 | 105.71 | 20.00 | -20.0 | -67.27 | 26.64 | 9.81 | -9.39 |
| 23Q3 (16) | 0.92 | 268.0 | -48.89 | 31.02 | -0.99 | -0.86 | 8.33 | -2.12 | 3.87 | 11.02 | 189.24 | -53.17 | 9.02 | 217.61 | -45.27 | 2.70 | 255.26 | -45.01 | 1.83 | 258.82 | -40.2 | 0.20 | 11.11 | 11.11 | 16.41 | 64.1 | -41.97 | 49.92 | 8.88 | -10.65 | 75.00 | -65.62 | 116.96 | 25.00 | 121.15 | -61.79 | 24.26 | -12.13 | 0.33 |
| 23Q2 (15) | 0.25 | 238.89 | -87.68 | 31.33 | 5.67 | -4.39 | 8.51 | 490.37 | -30.07 | 3.81 | 172.16 | -80.04 | 2.84 | 203.65 | -81.41 | 0.76 | 249.02 | -86.43 | 0.51 | 250.0 | -84.59 | 0.18 | 50.0 | -18.18 | 10.00 | 247.22 | -56.95 | 45.85 | -16.82 | -31.26 | 218.18 | 380.0 | 245.45 | -118.18 | -316.67 | -432.66 | 27.61 | -20.93 | 29.5 |
| 23Q1 (14) | -0.18 | 47.06 | -112.5 | 29.65 | 11.01 | -0.84 | -2.18 | 31.01 | -122.02 | -5.28 | 33.16 | -132.86 | -2.74 | 40.56 | -121.27 | -0.51 | 43.33 | -112.98 | -0.34 | 42.37 | -114.35 | 0.12 | -7.69 | -33.33 | 2.88 | 769.77 | -86.27 | 55.12 | 20.35 | -23.71 | 45.45 | 16.88 | -27.0 | 54.55 | -10.74 | 44.55 | 34.92 | 18.78 | 56.38 |
| 22Q4 (13) | -0.34 | -118.89 | -126.77 | 26.71 | -14.64 | -18.24 | -3.16 | -139.4 | -128.81 | -7.90 | -133.57 | -163.66 | -4.61 | -127.97 | -143.33 | -0.90 | -118.33 | -126.01 | -0.59 | -119.28 | -127.44 | 0.13 | -27.78 | -35.0 | -0.43 | -101.52 | -102.61 | 45.80 | -18.02 | -25.0 | 38.89 | 12.5 | -56.13 | 61.11 | -6.6 | 437.78 | 29.40 | 21.59 | 31.72 |
| 22Q3 (12) | 1.80 | -11.33 | 15.38 | 31.29 | -4.52 | -4.19 | 8.02 | -34.1 | -44.42 | 23.53 | 23.26 | 47.15 | 16.48 | 7.85 | 38.72 | 4.91 | -12.32 | 16.35 | 3.06 | -7.55 | 12.92 | 0.18 | -18.18 | -21.74 | 28.28 | 21.74 | 42.9 | 55.87 | -16.24 | -8.68 | 34.57 | -45.27 | -61.73 | 65.43 | 84.18 | 576.13 | 24.18 | 13.41 | 22.68 |
| 22Q2 (11) | 2.03 | 40.97 | 73.5 | 32.77 | 9.6 | 4.4 | 12.17 | 22.93 | -0.25 | 19.09 | 18.79 | 55.33 | 15.28 | 18.63 | 61.18 | 5.60 | 42.49 | 81.23 | 3.31 | 39.66 | 59.9 | 0.22 | 22.22 | 0.0 | 23.23 | 10.78 | 48.34 | 66.70 | -7.68 | 31.64 | 63.16 | 1.44 | -35.41 | 35.53 | -5.86 | 0 | 21.32 | -4.52 | -3.0 |
| 22Q1 (10) | 1.44 | 13.39 | 39.81 | 29.90 | -8.48 | -16.88 | 9.90 | -9.75 | -25.11 | 16.07 | 29.49 | 9.62 | 12.88 | 21.05 | 9.06 | 3.93 | 13.58 | 39.36 | 2.37 | 10.23 | 28.11 | 0.18 | -10.0 | 12.5 | 20.97 | 27.25 | 8.6 | 72.25 | 18.31 | 50.93 | 62.26 | -29.75 | -30.41 | 37.74 | 232.08 | 258.49 | 22.33 | 0.04 | -20.25 |
| 21Q4 (9) | 1.27 | -18.59 | 39.56 | 32.67 | 0.03 | 2.57 | 10.97 | -23.98 | -1.53 | 12.41 | -22.39 | 33.58 | 10.64 | -10.44 | 32.34 | 3.46 | -18.01 | 34.63 | 2.15 | -20.66 | 30.3 | 0.20 | -13.04 | 0.0 | 16.48 | -16.73 | 25.8 | 61.07 | -0.18 | 7.29 | 88.64 | -1.87 | -25.74 | 11.36 | 17.42 | 158.71 | 22.32 | 13.24 | -2.45 |
| 21Q3 (8) | 1.56 | 33.33 | -30.67 | 32.66 | 4.05 | -13.44 | 14.43 | 18.28 | -36.43 | 15.99 | 30.11 | -24.04 | 11.88 | 25.32 | -25.89 | 4.22 | 36.57 | -36.35 | 2.71 | 30.92 | -35.93 | 0.23 | 4.55 | -11.54 | 19.79 | 26.37 | -18.05 | 61.18 | 20.74 | 9.98 | 90.32 | -7.62 | -16.4 | 9.68 | 0 | 220.28 | 19.71 | -10.33 | 14.59 |
| 21Q2 (7) | 1.17 | 13.59 | -7.14 | 31.39 | -12.73 | -23.2 | 12.20 | -7.72 | -41.15 | 12.29 | -16.17 | -38.64 | 9.48 | -19.73 | -27.13 | 3.09 | 9.57 | -17.16 | 2.07 | 11.89 | -17.53 | 0.22 | 37.5 | 15.79 | 15.66 | -18.9 | -34.64 | 50.67 | 5.85 | -13.27 | 97.78 | 9.28 | -5.48 | 0.00 | -100.0 | 100.0 | 21.98 | -21.5 | 0 |
| 21Q1 (6) | 1.03 | 13.19 | 98.08 | 35.97 | 12.94 | -11.43 | 13.22 | 18.67 | 115.31 | 14.66 | 57.8 | 13.2 | 11.81 | 46.89 | 18.46 | 2.82 | 9.73 | 90.54 | 1.85 | 12.12 | 79.61 | 0.16 | -20.0 | 60.0 | 19.31 | 47.4 | -4.07 | 47.87 | -15.9 | 19.73 | 89.47 | -25.04 | 98.83 | 10.53 | 154.39 | -80.86 | 28.00 | 22.38 | 0 |
| 20Q4 (5) | 0.91 | -59.56 | 19.74 | 31.85 | -15.58 | -19.87 | 11.14 | -50.93 | 5.0 | 9.29 | -55.87 | -20.87 | 8.04 | -49.84 | -12.89 | 2.57 | -61.24 | 16.82 | 1.65 | -60.99 | 13.79 | 0.20 | -23.08 | 25.0 | 13.10 | -45.76 | -21.42 | 56.92 | 2.32 | 11.76 | 119.35 | 10.47 | 33.13 | -19.35 | -140.55 | -287.1 | 22.88 | 33.02 | 5.39 |
| 20Q3 (4) | 2.25 | 78.57 | 0.0 | 37.73 | -7.68 | 0.0 | 22.70 | 9.5 | 0.0 | 21.05 | 5.09 | 0.0 | 16.03 | 23.21 | 0.0 | 6.63 | 77.75 | 0.0 | 4.23 | 68.53 | 0.0 | 0.26 | 36.84 | 0.0 | 24.15 | 0.79 | 0.0 | 55.63 | -4.78 | 0.0 | 108.05 | 4.44 | 0.0 | -8.05 | -133.33 | 0.0 | 17.20 | 0 | 0.0 |
| 20Q2 (3) | 1.26 | 142.31 | 0.0 | 40.87 | 0.64 | 0.0 | 20.73 | 237.62 | 0.0 | 20.03 | 54.67 | 0.0 | 13.01 | 30.49 | 0.0 | 3.73 | 152.03 | 0.0 | 2.51 | 143.69 | 0.0 | 0.19 | 90.0 | 0.0 | 23.96 | 19.03 | 0.0 | 58.42 | 46.12 | 0.0 | 103.45 | 129.89 | 0.0 | -3.45 | -106.27 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.52 | -31.58 | 0.0 | 40.61 | 2.16 | 0.0 | 6.14 | -42.13 | 0.0 | 12.95 | 10.31 | 0.0 | 9.97 | 8.02 | 0.0 | 1.48 | -32.73 | 0.0 | 1.03 | -28.97 | 0.0 | 0.10 | -37.5 | 0.0 | 20.13 | 20.76 | 0.0 | 39.98 | -21.5 | 0.0 | 45.00 | -49.81 | 0.0 | 55.00 | 431.67 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.76 | 0.0 | 0.0 | 39.75 | 0.0 | 0.0 | 10.61 | 0.0 | 0.0 | 11.74 | 0.0 | 0.0 | 9.23 | 0.0 | 0.0 | 2.20 | 0.0 | 0.0 | 1.45 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 16.67 | 0.0 | 0.0 | 50.93 | 0.0 | 0.0 | 89.66 | 0.0 | 0.0 | 10.34 | 0.0 | 0.0 | 21.71 | 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) | 1.06 | -77.73 | 29.94 | -2.09 | 4.80 | -38.3 | 6.04 | 37.65 | 3.84 | -73.91 | 3.18 | -72.28 | 2.95 | -77.45 | 2.06 | -75.96 | 0.64 | -13.51 | 10.55 | -46.47 | 45.74 | -0.13 | 125.00 | 136.39 | -25.00 | 0 | 0.38 | 63.06 | 27.81 | 17.05 |
| 2022 (9) | 4.76 | -5.37 | 30.58 | -7.19 | 7.78 | -38.79 | 4.39 | 36.13 | 14.72 | 6.44 | 11.47 | 5.13 | 13.08 | -4.53 | 8.57 | -0.58 | 0.74 | -6.33 | 19.71 | 11.17 | 45.80 | -25.0 | 52.88 | -42.56 | 47.12 | 493.72 | 0.23 | 4.15 | 23.76 | 5.27 |
| 2021 (8) | 5.03 | 2.03 | 32.95 | -11.42 | 12.71 | -24.44 | 3.22 | 3.93 | 13.83 | -15.88 | 10.91 | -11.08 | 13.70 | -1.51 | 8.62 | -4.86 | 0.79 | 6.76 | 17.73 | -13.68 | 61.07 | 7.29 | 92.06 | -10.23 | 7.94 | 0 | 0.22 | -5.95 | 22.57 | 0.58 |
| 2020 (7) | 4.93 | 7.64 | 37.20 | 1.97 | 16.82 | 26.18 | 3.10 | -15.05 | 16.44 | 1.42 | 12.27 | 0.99 | 13.91 | 6.43 | 9.06 | 4.26 | 0.74 | 4.23 | 20.54 | -1.01 | 56.92 | 11.76 | 102.55 | 24.43 | -2.55 | 0 | 0.24 | -6.69 | 22.44 | -8.67 |
| 2019 (6) | 4.58 | -20.9 | 36.48 | 0.69 | 13.33 | -19.6 | 3.65 | 14.49 | 16.21 | -13.96 | 12.15 | -7.32 | 13.07 | -25.4 | 8.69 | -19.54 | 0.71 | -13.41 | 20.75 | -10.02 | 50.93 | 0.41 | 82.42 | -6.62 | 17.58 | 44.43 | 0.26 | 306.14 | 24.57 | 10.83 |
| 2018 (5) | 5.79 | -5.55 | 36.23 | -5.72 | 16.58 | -16.26 | 3.19 | 3.25 | 18.84 | -3.48 | 13.11 | -5.07 | 17.52 | -20.72 | 10.80 | -14.49 | 0.82 | -9.89 | 23.06 | -0.99 | 50.72 | -36.65 | 88.26 | -12.86 | 12.17 | 0 | 0.06 | 0 | 22.17 | 0.45 |
| 2017 (4) | 6.13 | -18.92 | 38.43 | -0.1 | 19.80 | 4.6 | 3.09 | 2.54 | 19.52 | -12.93 | 13.81 | -19.52 | 22.10 | -29.35 | 12.63 | -39.63 | 0.91 | -24.17 | 23.29 | -10.7 | 80.06 | 12.4 | 101.28 | 19.7 | -1.28 | 0 | 0.00 | 0 | 22.07 | -1.34 |
| 2016 (3) | 7.56 | 97.91 | 38.47 | 2.59 | 18.93 | 9.49 | 3.01 | 111.6 | 22.42 | 25.74 | 17.16 | 15.63 | 31.28 | 138.6 | 20.92 | 143.26 | 1.20 | 114.29 | 26.08 | 28.6 | 71.23 | 175.98 | 84.62 | -13.66 | 15.77 | 294.23 | 0.00 | 0 | 22.37 | 82.31 |
| 2015 (2) | 3.82 | 9.46 | 37.50 | 41.46 | 17.29 | 58.92 | 1.42 | 180.43 | 17.83 | 39.62 | 14.84 | 40.0 | 13.11 | 0 | 8.60 | 0 | 0.56 | 0 | 20.28 | 47.92 | 25.81 | -90.96 | 98.00 | 16.67 | 4.00 | -75.0 | 0.00 | 0 | 12.27 | 4.34 |
| 2014 (1) | 3.49 | 0 | 26.51 | 0 | 10.88 | 0 | 0.51 | 0 | 12.77 | 0 | 10.60 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 13.71 | 0 | 285.55 | 0 | 84.00 | 0 | 16.00 | 0 | 0.00 | 0 | 11.76 | 0 |
