- 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) | 2.12 | 3.92 | 2.42 | 25.08 | 1.62 | 20.29 | 12.14 | 19.02 | 14.1 | 10.58 | 2.52 | -11.98 | 8.86 | 1.96 | -5.84 | 3.59 | 0.56 | -11.36 | 1.93 | 1.05 | -3.02 | 0.19 | -5.0 | 0.0 | 18.71 | 5.11 | -4.05 | 110.17 | 2.97 | -7.14 | 114.63 | 16.09 | 29.14 | -14.63 | -1263.41 | -230.24 | 14.18 | 6.86 | 14.45 |
| 24Q2 (19) | 2.04 | 140.0 | 1175.0 | 24.68 | 9.16 | 31.84 | 10.20 | 53.38 | 529.63 | 10.32 | 74.32 | 463.93 | 8.69 | 90.99 | 429.88 | 3.57 | 138.0 | 586.54 | 1.91 | 107.61 | 402.63 | 0.20 | 25.0 | 42.86 | 17.80 | 14.47 | 50.46 | 106.99 | 3.12 | -18.27 | 98.74 | -12.51 | 10.36 | 1.26 | 109.78 | -88.05 | 13.27 | -11.94 | -18.99 |
| 24Q1 (18) | 0.85 | -55.96 | 4150.0 | 22.61 | -47.22 | 8.03 | 6.65 | -37.97 | 150.0 | 5.92 | -18.01 | 258.79 | 4.55 | -53.62 | 15266.67 | 1.50 | -54.95 | 15100.0 | 0.92 | -47.43 | 557.14 | 0.16 | 0.0 | 33.33 | 15.55 | -4.48 | 25.71 | 103.75 | -2.76 | -16.17 | 112.86 | -23.89 | -32.29 | -12.86 | 73.37 | 78.57 | 15.07 | -3.4 | -15.57 |
| 23Q4 (17) | 1.93 | -6.76 | 271.15 | 42.84 | 105.47 | 76.08 | 10.72 | 0.75 | 63.41 | 7.22 | -39.93 | 88.02 | 9.81 | 4.25 | 176.34 | 3.33 | -17.78 | 172.95 | 1.75 | -12.06 | 186.89 | 0.16 | -15.79 | 14.29 | 16.28 | -16.51 | 36.92 | 106.70 | -10.06 | -19.28 | 148.28 | 67.04 | -13.35 | -48.28 | -529.66 | 32.11 | 15.60 | 25.91 | 19.54 |
| 23Q3 (16) | 2.07 | 1193.75 | 5.08 | 20.85 | 11.38 | -20.87 | 10.64 | 556.79 | 18.88 | 12.02 | 556.83 | -17.33 | 9.41 | 473.78 | -17.53 | 4.05 | 678.85 | -10.4 | 1.99 | 423.68 | 6.42 | 0.19 | 35.71 | 18.75 | 19.50 | 64.84 | -8.92 | 118.64 | -9.37 | -19.44 | 88.76 | -0.79 | 44.43 | 11.24 | 6.74 | -70.85 | 12.39 | -24.36 | -5.99 |
| 23Q2 (15) | 0.16 | 700.0 | -91.49 | 18.72 | -10.56 | 8.46 | 1.62 | -39.1 | -77.44 | 1.83 | 10.91 | -77.9 | 1.64 | 5566.67 | -75.0 | 0.52 | 5300.0 | -86.53 | 0.38 | 171.43 | -76.69 | 0.14 | 16.67 | -41.67 | 11.83 | -4.37 | -7.0 | 130.91 | 5.78 | -17.37 | 89.47 | -46.32 | 3.09 | 10.53 | 117.54 | -20.3 | 16.38 | -8.24 | 96.4 |
| 23Q1 (14) | 0.02 | -96.15 | -98.95 | 20.93 | -13.97 | 5.6 | 2.66 | -59.45 | -67.72 | 1.65 | -57.03 | -80.66 | -0.03 | -100.85 | -100.4 | -0.01 | -100.82 | -100.27 | 0.14 | -77.05 | -90.97 | 0.12 | -14.29 | -40.0 | 12.37 | 4.04 | -9.71 | 123.76 | -6.38 | -12.35 | 166.67 | -2.6 | 71.79 | -60.00 | 15.63 | -1708.0 | 17.85 | 36.78 | 64.06 |
| 22Q4 (13) | 0.52 | -73.6 | -46.39 | 24.33 | -7.67 | 41.21 | 6.56 | -26.7 | 18.84 | 3.84 | -73.59 | -23.66 | 3.55 | -68.89 | -8.51 | 1.22 | -73.01 | -35.11 | 0.61 | -67.38 | -29.89 | 0.14 | -12.5 | -30.0 | 11.89 | -44.47 | 7.99 | 132.19 | -10.24 | -18.15 | 171.11 | 178.42 | 54.42 | -71.11 | -284.5 | -651.75 | 13.05 | -0.99 | 16.31 |
| 22Q3 (12) | 1.97 | 4.79 | -9.63 | 26.35 | 52.67 | 7.77 | 8.95 | 24.65 | -19.8 | 14.54 | 75.6 | 16.32 | 11.41 | 73.93 | 19.6 | 4.52 | 17.1 | 2.03 | 1.87 | 14.72 | -9.22 | 0.16 | -33.33 | -23.81 | 21.41 | 68.32 | 17.9 | 147.27 | -7.04 | 24.07 | 61.46 | -29.19 | -31.2 | 38.54 | 191.82 | 261.07 | 13.18 | 58.03 | 3.53 |
| 22Q2 (11) | 1.88 | -1.05 | -7.84 | 17.26 | -12.92 | -11.12 | 7.18 | -12.86 | -25.52 | 8.28 | -2.93 | -3.27 | 6.56 | -11.59 | 2.82 | 3.86 | 4.89 | 5.18 | 1.63 | 5.16 | -4.68 | 0.24 | 20.0 | -7.69 | 12.72 | -7.15 | -1.24 | 158.43 | 12.21 | 30.2 | 86.79 | -10.54 | -22.85 | 13.21 | 253.96 | 205.66 | 8.34 | -23.35 | -11.56 |
| 22Q1 (10) | 1.90 | 95.88 | -36.88 | 19.82 | 15.03 | -12.69 | 8.24 | 49.28 | -36.76 | 8.53 | 69.58 | -35.53 | 7.42 | 91.24 | -21.98 | 3.68 | 95.74 | -35.21 | 1.55 | 78.16 | -38.25 | 0.20 | 0.0 | -23.08 | 13.70 | 24.43 | -21.53 | 141.19 | -12.58 | 18.6 | 97.01 | -12.45 | -1.22 | 3.73 | 139.45 | 178.61 | 10.88 | -3.03 | 6.77 |
| 21Q4 (9) | 0.97 | -55.5 | -74.94 | 17.23 | -29.53 | -22.67 | 5.52 | -50.54 | -58.21 | 5.03 | -59.76 | -62.63 | 3.88 | -59.33 | -60.16 | 1.88 | -57.56 | -75.68 | 0.87 | -57.77 | -70.61 | 0.20 | -4.76 | -31.03 | 11.01 | -39.37 | -37.16 | 161.50 | 36.06 | 10.21 | 110.81 | 24.05 | 13.07 | -9.46 | -188.62 | -572.97 | 11.22 | -11.86 | 29.71 |
| 21Q3 (8) | 2.18 | 6.86 | -24.31 | 24.45 | 25.9 | -0.97 | 11.16 | 15.77 | -25.0 | 12.50 | 46.03 | -3.85 | 9.54 | 49.53 | 11.32 | 4.43 | 20.71 | -34.76 | 2.06 | 20.47 | -14.88 | 0.21 | -19.23 | -22.22 | 18.16 | 40.99 | 2.43 | 118.70 | -2.45 | -40.29 | 89.33 | -20.6 | -21.74 | 10.67 | 185.39 | 175.46 | 12.73 | 34.99 | 0 |
| 21Q2 (7) | 2.04 | -32.23 | -0.97 | 19.42 | -14.45 | -12.05 | 9.64 | -26.02 | -14.16 | 8.56 | -35.3 | -21.25 | 6.38 | -32.91 | -25.03 | 3.67 | -35.39 | -28.32 | 1.71 | -31.87 | -11.86 | 0.26 | 0.0 | 23.81 | 12.88 | -26.23 | -24.99 | 121.68 | 2.21 | -36.65 | 112.50 | 14.55 | 9.06 | -12.50 | -1033.33 | -296.88 | 9.43 | -7.46 | 0 |
| 21Q1 (6) | 3.01 | -22.22 | 262.65 | 22.70 | 1.89 | -9.92 | 13.03 | -1.36 | 51.86 | 13.23 | -1.71 | 87.13 | 9.51 | -2.36 | 107.64 | 5.68 | -26.52 | 179.8 | 2.51 | -15.2 | 195.29 | 0.26 | -10.34 | 73.33 | 17.46 | -0.34 | 10.16 | 119.05 | -18.76 | -33.75 | 98.21 | 0.22 | -18.81 | 1.34 | -33.04 | 106.39 | 10.19 | 17.8 | 0 |
| 20Q4 (5) | 3.87 | 34.38 | 54.8 | 22.28 | -9.76 | 3.97 | 13.21 | -11.22 | 31.57 | 13.46 | 3.54 | 40.06 | 9.74 | 13.65 | 34.53 | 7.73 | 13.84 | 24.08 | 2.96 | 22.31 | 30.97 | 0.29 | 7.41 | 3.57 | 17.52 | -1.18 | 21.08 | 146.54 | -26.29 | -32.14 | 98.00 | -14.15 | -6.13 | 2.00 | 114.14 | 145.43 | 8.65 | 0 | 0 |
| 20Q3 (4) | 2.88 | 39.81 | 0.0 | 24.69 | 11.82 | 0.0 | 14.88 | 32.5 | 0.0 | 13.00 | 19.6 | 0.0 | 8.57 | 0.71 | 0.0 | 6.79 | 32.62 | 0.0 | 2.42 | 24.74 | 0.0 | 0.27 | 28.57 | 0.0 | 17.73 | 3.26 | 0.0 | 198.81 | 3.5 | 0.0 | 114.15 | 10.66 | 0.0 | -14.15 | -349.15 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q2 (3) | 2.06 | 148.19 | 0.0 | 22.08 | -12.38 | 0.0 | 11.23 | 30.89 | 0.0 | 10.87 | 53.75 | 0.0 | 8.51 | 85.81 | 0.0 | 5.12 | 152.22 | 0.0 | 1.94 | 128.24 | 0.0 | 0.21 | 40.0 | 0.0 | 17.17 | 8.33 | 0.0 | 192.09 | 6.9 | 0.0 | 103.15 | -14.73 | 0.0 | -3.15 | 84.98 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.83 | -66.8 | 0.0 | 25.20 | 17.59 | 0.0 | 8.58 | -14.54 | 0.0 | 7.07 | -26.43 | 0.0 | 4.58 | -36.74 | 0.0 | 2.03 | -67.42 | 0.0 | 0.85 | -62.39 | 0.0 | 0.15 | -46.43 | 0.0 | 15.85 | 9.54 | 0.0 | 179.69 | -16.79 | 0.0 | 120.97 | 15.87 | 0.0 | -20.97 | -376.27 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 2.50 | 0.0 | 0.0 | 21.43 | 0.0 | 0.0 | 10.04 | 0.0 | 0.0 | 9.61 | 0.0 | 0.0 | 7.24 | 0.0 | 0.0 | 6.23 | 0.0 | 0.0 | 2.26 | 0.0 | 0.0 | 0.28 | 0.0 | 0.0 | 14.47 | 0.0 | 0.0 | 215.96 | 0.0 | 0.0 | 104.40 | 0.0 | 0.0 | -4.40 | 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) | 4.18 | -33.33 | 26.06 | 22.23 | 7.04 | -8.93 | 7.42 | 47.02 | 6.42 | -27.54 | 5.89 | -18.98 | 7.96 | -40.77 | 4.31 | -26.07 | 0.62 | -17.33 | 15.52 | 5.29 | 106.70 | -19.28 | 109.67 | 25.54 | -9.67 | 0 | 0.30 | -76.01 | 15.20 | 38.18 |
| 2022 (9) | 6.27 | -16.51 | 21.32 | 2.01 | 7.73 | -22.08 | 5.05 | 12.76 | 8.86 | -10.14 | 7.27 | -0.82 | 13.44 | -18.15 | 5.83 | -12.72 | 0.75 | -14.77 | 14.74 | -0.74 | 132.19 | -18.15 | 87.36 | -13.19 | 12.83 | 0 | 1.26 | -2.71 | 11.00 | 2.04 |
| 2021 (8) | 7.51 | -21.53 | 20.90 | -10.68 | 9.92 | -20.77 | 4.47 | -2.46 | 9.86 | -16.09 | 7.33 | -11.79 | 16.42 | -17.65 | 6.68 | -13.25 | 0.88 | 1.15 | 14.85 | -13.86 | 161.50 | 10.21 | 100.64 | -5.53 | -0.64 | 0 | 1.30 | -32.05 | 10.78 | 5.79 |
| 2020 (7) | 9.57 | 74.95 | 23.40 | 14.43 | 12.52 | 60.31 | 4.59 | -5.95 | 11.75 | 75.9 | 8.31 | 59.81 | 19.94 | 46.08 | 7.70 | 44.74 | 0.87 | 0.0 | 17.24 | 33.13 | 146.54 | -32.14 | 106.53 | -8.88 | -6.53 | 0 | 1.91 | -4.93 | 10.19 | -12.91 |
| 2019 (6) | 5.47 | -43.43 | 20.45 | -3.9 | 7.81 | -22.13 | 4.88 | 76.52 | 6.68 | -25.53 | 5.20 | -22.5 | 13.65 | -41.19 | 5.32 | -39.13 | 0.87 | -26.89 | 12.95 | 2.94 | 215.96 | 14.84 | 116.91 | 4.57 | -16.91 | 0 | 2.01 | 371.2 | 11.70 | 11.32 |
| 2018 (5) | 9.67 | 28.08 | 21.28 | 3.75 | 10.03 | 25.37 | 2.76 | 12.02 | 8.97 | -3.24 | 6.71 | -9.2 | 23.21 | 16.05 | 8.74 | 4.55 | 1.19 | 11.21 | 12.58 | 1.78 | 188.05 | -1.67 | 111.81 | 29.19 | -11.81 | 0 | 0.43 | -12.62 | 10.51 | -12.71 |
| 2017 (4) | 7.55 | 341.52 | 20.51 | -13.86 | 8.00 | -20.08 | 2.47 | -32.59 | 9.27 | 9.06 | 7.39 | 136.1 | 20.00 | 231.67 | 8.36 | 144.44 | 1.07 | 8.08 | 12.36 | -2.45 | 191.24 | 70.13 | 86.55 | -26.43 | 13.71 | 0 | 0.49 | 0 | 12.04 | -12.12 |
| 2016 (3) | 1.71 | -67.05 | 23.81 | -3.68 | 10.01 | -2.91 | 3.66 | -22.94 | 8.50 | -4.82 | 3.13 | -54.7 | 6.03 | -55.3 | 3.42 | -51.07 | 0.99 | 3.13 | 12.67 | -11.09 | 112.41 | 41.66 | 117.65 | 1.68 | -17.65 | 0 | 0.00 | 0 | 13.70 | 3.71 |
| 2015 (2) | 5.19 | -22.88 | 24.72 | 5.55 | 10.31 | -7.78 | 4.75 | 42.84 | 8.93 | -6.3 | 6.91 | -4.29 | 13.49 | -32.04 | 6.99 | -26.34 | 0.96 | -20.66 | 14.25 | 4.09 | 79.35 | -43.86 | 115.71 | -1.5 | -15.71 | 0 | 0.00 | 0 | 13.21 | 11.57 |
| 2014 (1) | 6.73 | 68.25 | 23.42 | 0 | 11.18 | 0 | 3.32 | -0.96 | 9.53 | 0 | 7.22 | 0 | 19.85 | 0 | 9.49 | 0 | 1.21 | 7.08 | 13.69 | 18.22 | 141.35 | 26.98 | 117.47 | 15.42 | -17.47 | 0 | 0.00 | 0 | 11.84 | -24.63 |
