- 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) | 0.42 | -42.47 | -34.38 | 42.62 | 2.38 | 32.16 | 17.22 | 80.5 | 588.8 | 12.35 | -43.3 | -38.8 | 9.88 | -51.64 | -39.72 | 1.88 | -44.38 | -36.49 | 1.62 | -42.76 | -40.0 | 0.16 | 14.29 | 0.0 | 16.67 | -38.49 | -33.32 | 17.51 | 8.62 | 62.88 | 137.50 | 216.25 | 954.17 | -37.50 | -166.35 | -141.07 | 17.93 | -17.75 | -8.98 |
| 24Q2 (19) | 0.73 | -34.23 | -37.61 | 41.63 | -12.25 | -20.66 | 9.54 | -29.12 | -51.0 | 21.78 | -45.6 | -34.81 | 20.43 | -37.1 | -33.34 | 3.38 | -34.5 | -40.28 | 2.83 | -35.68 | -42.13 | 0.14 | 0.0 | -12.5 | 27.10 | -40.61 | -29.79 | 16.12 | -30.61 | 86.14 | 43.48 | 27.33 | -24.9 | 56.52 | -14.17 | 34.24 | 21.80 | -10.95 | -7.71 |
| 24Q1 (18) | 1.11 | 326.92 | 1750.0 | 47.44 | -0.63 | 15.03 | 13.46 | -36.21 | 692.95 | 40.04 | 410.71 | 1720.0 | 32.48 | 395.88 | 1306.06 | 5.16 | 330.0 | 1884.62 | 4.40 | 307.41 | 1900.0 | 0.14 | -12.5 | 55.56 | 45.63 | 245.16 | 310.71 | 23.23 | 97.2 | -2.6 | 34.15 | -87.71 | 134.15 | 65.85 | 137.04 | -56.1 | 24.48 | 48.91 | -15.09 |
| 23Q4 (17) | 0.26 | -59.38 | 129.89 | 47.74 | 48.03 | 562.14 | 21.10 | 744.0 | 148.55 | 7.84 | -61.15 | 113.11 | 6.55 | -60.04 | 113.75 | 1.20 | -59.46 | 132.0 | 1.08 | -60.0 | 133.64 | 0.16 | 0.0 | 128.57 | 13.22 | -47.12 | 126.44 | 11.78 | 9.58 | -12.55 | 277.78 | 2029.63 | 270.37 | -177.78 | -294.71 | -732.1 | 16.44 | -16.55 | -42.21 |
| 23Q3 (16) | 0.64 | -45.3 | -20.99 | 32.25 | -38.54 | -22.38 | 2.50 | -87.16 | -53.1 | 20.18 | -39.6 | -29.61 | 16.39 | -46.53 | -28.05 | 2.96 | -47.7 | -14.94 | 2.70 | -44.79 | -5.59 | 0.16 | 0.0 | 23.08 | 25.00 | -35.23 | -27.09 | 10.75 | 24.13 | -46.41 | 13.04 | -77.47 | -34.78 | 91.30 | 116.85 | 9.57 | 19.70 | -16.6 | -25.01 |
| 23Q2 (15) | 1.17 | 1850.0 | -20.95 | 52.47 | 27.23 | 8.59 | 19.47 | 957.71 | -25.03 | 33.41 | 1418.64 | 6.54 | 30.65 | 1226.84 | 24.04 | 5.66 | 2076.92 | -15.65 | 4.89 | 2122.73 | -4.49 | 0.16 | 77.78 | -23.81 | 38.60 | 247.43 | 13.86 | 8.66 | -63.69 | -63.48 | 57.89 | 157.89 | -29.52 | 42.11 | -71.93 | 135.79 | 23.62 | -18.07 | 32.25 |
| 23Q1 (14) | 0.06 | 106.9 | -96.25 | 41.24 | 471.98 | -9.9 | -2.27 | 94.78 | -108.92 | 2.20 | 103.68 | -93.33 | 2.31 | 104.85 | -91.25 | 0.26 | 106.93 | -96.41 | 0.22 | 106.85 | -96.08 | 0.09 | 28.57 | -57.14 | 11.11 | 122.22 | -68.44 | 23.85 | 77.06 | -39.47 | -100.00 | -233.33 | -228.26 | 150.00 | 433.33 | 532.14 | 28.83 | 1.34 | 87.45 |
| 22Q4 (13) | -0.87 | -207.41 | -187.88 | 7.21 | -82.65 | -84.83 | -43.46 | -915.38 | -299.08 | -59.79 | -308.55 | -364.56 | -47.62 | -309.04 | -360.65 | -3.75 | -207.76 | -184.84 | -3.21 | -212.24 | -185.6 | 0.07 | -46.15 | -65.0 | -50.00 | -245.82 | -300.0 | 13.47 | -32.85 | -31.52 | 75.00 | 275.0 | -22.86 | 28.12 | -66.25 | 912.5 | 28.45 | 8.3 | 33.95 |
| 22Q3 (12) | 0.81 | -45.27 | -10.99 | 41.55 | -14.01 | -14.31 | 5.33 | -79.48 | -77.48 | 28.67 | -8.58 | 15.23 | 22.78 | -7.81 | 14.24 | 3.48 | -48.14 | -18.5 | 2.86 | -44.14 | -20.11 | 0.13 | -38.1 | -27.78 | 34.29 | 1.15 | 25.1 | 20.06 | -15.39 | 21.43 | 20.00 | -75.65 | -78.75 | 83.33 | 366.67 | 1316.67 | 26.27 | 47.09 | 38.99 |
| 22Q2 (11) | 1.48 | -7.5 | 124.24 | 48.32 | 5.57 | 6.27 | 25.97 | 2.08 | 25.28 | 31.36 | -4.97 | 70.34 | 24.71 | -6.37 | 66.29 | 6.71 | -7.32 | 110.34 | 5.12 | -8.73 | 96.17 | 0.21 | 0.0 | 16.67 | 33.90 | -3.69 | 61.97 | 23.71 | -39.82 | 4.27 | 82.14 | 5.36 | -26.98 | 17.86 | -24.74 | 242.86 | 17.86 | 16.12 | -14.18 |
| 22Q1 (10) | 1.60 | 61.62 | 68.42 | 45.77 | -3.7 | -6.78 | 25.44 | 16.54 | -1.36 | 33.00 | 46.02 | 26.97 | 26.39 | 44.44 | 26.75 | 7.24 | 63.8 | 54.7 | 5.61 | 49.6 | 40.95 | 0.21 | 5.0 | 10.53 | 35.20 | 40.8 | 24.12 | 39.40 | 100.31 | 72.05 | 77.97 | -19.81 | -22.03 | 23.73 | 754.24 | 0 | 15.38 | -27.59 | -19.52 |
| 21Q4 (9) | 0.99 | 8.79 | 102.04 | 47.53 | -1.98 | 7.34 | 21.83 | -7.77 | 24.25 | 22.60 | -9.16 | 61.2 | 18.27 | -8.38 | 61.82 | 4.42 | 3.51 | 78.23 | 3.75 | 4.75 | 72.81 | 0.20 | 11.11 | 5.26 | 25.00 | -8.79 | 49.97 | 19.67 | 19.07 | 51.66 | 97.22 | 3.3 | -22.22 | 2.78 | -52.78 | 111.11 | 21.24 | 12.38 | -0.65 |
| 21Q3 (8) | 0.91 | 37.88 | 279.17 | 48.49 | 6.64 | 21.13 | 23.67 | 14.18 | 108.0 | 24.88 | 35.14 | 218.16 | 19.94 | 34.19 | 223.18 | 4.27 | 33.86 | 198.6 | 3.58 | 37.16 | 200.84 | 0.18 | 0.0 | -5.26 | 27.41 | 30.96 | 149.18 | 16.52 | -27.35 | -7.66 | 94.12 | -16.34 | -31.55 | 5.88 | 147.06 | 111.76 | 18.90 | -9.18 | -13.06 |
| 21Q2 (7) | 0.66 | -30.53 | 6.45 | 45.47 | -7.39 | -8.84 | 20.73 | -19.62 | -7.7 | 18.41 | -29.17 | -10.67 | 14.86 | -28.63 | -11.34 | 3.19 | -31.84 | -17.78 | 2.61 | -34.42 | -14.14 | 0.18 | -5.26 | 0.0 | 20.93 | -26.2 | -12.65 | 22.74 | -0.7 | -12.64 | 112.50 | 12.5 | 2.27 | -12.50 | 0 | -25.0 | 20.81 | 8.9 | 2.36 |
| 21Q1 (6) | 0.95 | 93.88 | 37.68 | 49.10 | 10.89 | 0.22 | 25.79 | 46.78 | 18.3 | 25.99 | 85.38 | 7.57 | 20.82 | 84.41 | 8.72 | 4.68 | 88.71 | 8.84 | 3.98 | 83.41 | 14.7 | 0.19 | 0.0 | 5.56 | 28.36 | 70.13 | 6.62 | 22.90 | 76.56 | -24.05 | 100.00 | -20.0 | 9.52 | 0.00 | 100.0 | -100.0 | 19.11 | -10.62 | -11.65 |
| 20Q4 (5) | 0.49 | 104.17 | -7.55 | 44.28 | 10.62 | -2.7 | 17.57 | 54.39 | -23.74 | 14.02 | 79.28 | -12.05 | 11.29 | 82.98 | -11.45 | 2.48 | 73.43 | -23.46 | 2.17 | 82.35 | -20.22 | 0.19 | 0.0 | -9.52 | 16.67 | 51.55 | -9.99 | 12.97 | -27.5 | -33.93 | 125.00 | -9.09 | -15.0 | -25.00 | 50.0 | 46.88 | 21.38 | -1.66 | 24.52 |
| 20Q3 (4) | 0.24 | -61.29 | 0.0 | 40.03 | -19.75 | 0.0 | 11.38 | -49.33 | 0.0 | 7.82 | -62.06 | 0.0 | 6.17 | -63.19 | 0.0 | 1.43 | -63.14 | 0.0 | 1.19 | -60.86 | 0.0 | 0.19 | 5.56 | 0.0 | 11.00 | -54.09 | 0.0 | 17.89 | -31.27 | 0.0 | 137.50 | 25.0 | 0.0 | -50.00 | -400.0 | 0.0 | 21.74 | 6.94 | 0.0 |
| 20Q2 (3) | 0.62 | -10.14 | 0.0 | 49.88 | 1.82 | 0.0 | 22.46 | 3.03 | 0.0 | 20.61 | -14.69 | 0.0 | 16.76 | -12.48 | 0.0 | 3.88 | -9.77 | 0.0 | 3.04 | -12.39 | 0.0 | 0.18 | 0.0 | 0.0 | 23.96 | -9.92 | 0.0 | 26.03 | -13.67 | 0.0 | 110.00 | 20.48 | 0.0 | -10.00 | -215.0 | 0.0 | 20.33 | -6.01 | 0.0 |
| 20Q1 (2) | 0.69 | 30.19 | 0.0 | 48.99 | 7.65 | 0.0 | 21.80 | -5.38 | 0.0 | 24.16 | 51.57 | 0.0 | 19.15 | 50.2 | 0.0 | 4.30 | 32.72 | 0.0 | 3.47 | 27.57 | 0.0 | 0.18 | -14.29 | 0.0 | 26.60 | 43.63 | 0.0 | 30.15 | 53.59 | 0.0 | 91.30 | -37.91 | 0.0 | 8.70 | 118.48 | 0.0 | 21.63 | 25.98 | 0.0 |
| 19Q4 (1) | 0.53 | 0.0 | 0.0 | 45.51 | 0.0 | 0.0 | 23.04 | 0.0 | 0.0 | 15.94 | 0.0 | 0.0 | 12.75 | 0.0 | 0.0 | 3.24 | 0.0 | 0.0 | 2.72 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 18.52 | 0.0 | 0.0 | 19.63 | 0.0 | 0.0 | 147.06 | 0.0 | 0.0 | -47.06 | 0.0 | 0.0 | 17.17 | 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) | 2.12 | -29.33 | 43.65 | 4.6 | 11.58 | -18.85 | 1.66 | 22.27 | 17.18 | -21.16 | 15.05 | -12.96 | 9.49 | -28.05 | 8.44 | -25.51 | 0.56 | -13.85 | 22.99 | -10.13 | 11.78 | -12.55 | 67.12 | 1.59 | 32.88 | -5.58 | 1.35 | -35.05 | 21.37 | 7.77 |
| 2022 (9) | 3.00 | -14.53 | 41.73 | -12.44 | 14.27 | -37.88 | 1.36 | 8.14 | 21.79 | -5.22 | 17.29 | -6.49 | 13.19 | -18.18 | 11.33 | -18.31 | 0.65 | -13.33 | 25.58 | 0.51 | 13.47 | -31.52 | 66.07 | -33.93 | 34.82 | 0 | 2.08 | -0.98 | 19.83 | -1.15 |
| 2021 (8) | 3.51 | 73.76 | 47.66 | 4.38 | 22.97 | 26.28 | 1.25 | -27.42 | 22.99 | 40.01 | 18.49 | 40.5 | 16.12 | 56.35 | 13.87 | 54.8 | 0.75 | 10.29 | 25.45 | 33.88 | 19.67 | 51.66 | 100.00 | -10.81 | 0.00 | 0 | 2.10 | -10.32 | 20.06 | -5.73 |
| 2020 (7) | 2.02 | 18.82 | 45.66 | 5.23 | 18.19 | 14.33 | 1.73 | -11.6 | 16.42 | 4.65 | 13.16 | 6.73 | 10.31 | 1.38 | 8.96 | 2.75 | 0.68 | -2.86 | 19.01 | 1.55 | 12.97 | -33.93 | 112.12 | 10.15 | -10.61 | 0 | 2.35 | -36.53 | 21.28 | -0.28 |
| 2019 (6) | 1.70 | -50.58 | 43.39 | 4.71 | 15.91 | -10.47 | 1.96 | 656.7 | 15.69 | -23.72 | 12.33 | -43.15 | 10.17 | -55.72 | 8.72 | -55.3 | 0.70 | -22.22 | 18.72 | -12.73 | 19.63 | 26.32 | 101.79 | 18.01 | -1.79 | 0 | 3.70 | 0 | 21.34 | 9.49 |
| 2018 (5) | 3.44 | 175.2 | 41.44 | 39.34 | 17.77 | 43.54 | 0.26 | 0 | 20.57 | 93.33 | 21.69 | 141.0 | 22.97 | 171.83 | 19.51 | 177.92 | 0.90 | 15.38 | 21.45 | 91.18 | 15.54 | -26.07 | 86.25 | -24.53 | 13.75 | 0 | 0.00 | 0 | 19.49 | 43.31 |
| 2017 (4) | 1.25 | 468.18 | 29.74 | 82.12 | 12.38 | 0 | 0.00 | 0 | 10.64 | 1766.67 | 9.00 | 1598.11 | 8.45 | 1200.0 | 7.02 | 1460.0 | 0.78 | -8.24 | 11.22 | 1160.67 | 21.02 | 13.44 | 114.29 | 0 | -14.29 | 0 | 0.00 | 0 | 13.60 | 30.02 |
| 2016 (3) | 0.22 | -80.0 | 16.33 | -59.32 | -1.07 | 0 | 0.00 | 0 | 0.57 | -94.32 | 0.53 | -94.77 | 0.65 | 0 | 0.45 | 0 | 0.85 | 0 | 0.89 | -91.92 | 18.53 | -80.49 | -100.00 | 0 | 200.00 | 4900.0 | 0.00 | 0 | 10.46 | -50.66 |
| 2015 (2) | 1.10 | 0 | 40.14 | 0 | 9.65 | 0 | 0.41 | 0 | 10.04 | 0 | 10.14 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 11.02 | 0 | 94.98 | 0 | 96.00 | 0 | 4.00 | 0 | 0.00 | 0 | 21.20 | 0 |
