- 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) | 1.67 | 39.17 | 67.0 | 26.82 | 6.09 | -5.56 | 14.17 | -2.81 | -22.91 | 40.96 | 44.12 | 108.24 | 32.85 | 52.37 | 103.91 | 5.39 | 31.46 | 40.73 | 2.99 | 34.08 | 42.38 | 0.09 | -10.0 | -25.0 | 47.09 | 38.83 | 87.61 | 85.66 | -7.6 | -20.96 | 34.62 | -32.46 | -62.98 | 65.38 | 34.13 | 908.74 | 11.83 | 9.84 | 15.64 |
| 24Q2 (19) | 1.20 | 20.0 | 0.0 | 25.28 | -6.58 | -7.67 | 14.58 | -16.73 | -21.32 | 28.42 | 45.74 | 33.3 | 21.56 | 27.12 | 26.75 | 4.10 | 15.49 | -11.64 | 2.23 | 16.15 | -13.23 | 0.10 | -9.09 | -28.57 | 33.92 | 37.0 | 32.24 | 92.71 | -7.12 | 7.54 | 51.26 | -43.0 | -41.03 | 48.74 | 376.7 | 272.58 | 10.77 | 8.02 | 4.36 |
| 24Q1 (18) | 1.00 | -24.24 | -16.67 | 27.06 | 12.75 | -3.22 | 17.51 | 24.8 | -8.61 | 19.50 | -16.2 | -8.92 | 16.96 | -16.7 | -2.75 | 3.55 | -21.63 | -25.42 | 1.92 | -18.99 | -20.99 | 0.11 | 0.0 | -15.38 | 24.76 | -12.85 | -6.42 | 99.82 | 2.14 | 6.08 | 89.92 | 49.1 | 0.39 | 10.23 | -74.23 | -3.2 | 9.97 | -1.38 | -11.3 |
| 23Q4 (17) | 1.32 | 32.0 | 4.76 | 24.00 | -15.49 | -21.1 | 14.03 | -23.67 | -32.61 | 23.27 | 18.3 | 9.82 | 20.36 | 26.38 | 18.99 | 4.53 | 18.28 | -13.88 | 2.37 | 12.86 | -2.87 | 0.11 | -8.33 | -15.38 | 28.41 | 13.19 | 9.65 | 97.73 | -9.82 | -22.99 | 60.31 | -35.51 | -38.56 | 39.69 | 512.31 | 2234.9 | 10.11 | -1.17 | -2.13 |
| 23Q3 (16) | 1.00 | -16.67 | -20.63 | 28.40 | 3.73 | -9.29 | 18.38 | -0.81 | -2.44 | 19.67 | -7.74 | -13.46 | 16.11 | -5.29 | -10.3 | 3.83 | -17.46 | -33.39 | 2.10 | -18.29 | -19.54 | 0.12 | -14.29 | -14.29 | 25.10 | -2.14 | -8.79 | 108.37 | 25.7 | -17.81 | 93.52 | 7.6 | 12.71 | 6.48 | -50.46 | -61.93 | 10.23 | -0.87 | 4.18 |
| 23Q2 (15) | 1.20 | 0.0 | -2.44 | 27.38 | -2.07 | -20.8 | 18.53 | -3.29 | -14.41 | 21.32 | -0.42 | -6.37 | 17.01 | -2.47 | -7.3 | 4.64 | -2.52 | -22.8 | 2.57 | 5.76 | -2.65 | 0.14 | 7.69 | 0.0 | 25.65 | -3.06 | -6.49 | 86.21 | -8.38 | -37.71 | 86.92 | -2.97 | -8.6 | 13.08 | 23.85 | 166.89 | 10.32 | -8.19 | -0.58 |
| 23Q1 (14) | 1.20 | -4.76 | 55.84 | 27.96 | -8.09 | -11.91 | 19.16 | -7.97 | 18.05 | 21.41 | 1.04 | 30.79 | 17.44 | 1.93 | 25.2 | 4.76 | -9.51 | 21.74 | 2.43 | -0.41 | 37.29 | 0.13 | 0.0 | 8.33 | 26.46 | 2.12 | 22.27 | 94.10 | -25.85 | -34.15 | 89.58 | -8.74 | -9.59 | 10.56 | 521.48 | 1043.49 | 11.24 | 8.81 | 1.81 |
| 22Q4 (13) | 1.26 | 0.0 | 125.0 | 30.42 | -2.84 | 0.8 | 20.82 | 10.51 | 56.9 | 21.19 | -6.78 | 65.68 | 17.11 | -4.73 | 66.28 | 5.26 | -8.52 | 88.53 | 2.44 | -6.51 | 79.41 | 0.13 | -7.14 | 8.33 | 25.91 | -5.85 | 41.58 | 126.90 | -3.76 | -4.41 | 98.16 | 18.3 | -5.33 | 1.70 | -90.02 | 146.18 | 10.33 | 5.19 | -4.17 |
| 22Q3 (12) | 1.26 | 2.44 | 180.0 | 31.31 | -9.43 | 16.14 | 18.84 | -12.98 | 56.22 | 22.73 | -0.18 | 95.95 | 17.96 | -2.13 | 87.28 | 5.75 | -4.33 | 131.85 | 2.61 | -1.14 | 110.48 | 0.14 | 0.0 | 27.27 | 27.52 | 0.33 | 57.8 | 131.86 | -4.72 | 6.93 | 82.97 | -12.75 | -20.4 | 17.03 | 247.35 | 538.06 | 9.82 | -5.39 | -18.23 |
| 22Q2 (11) | 1.23 | 59.74 | 241.67 | 34.57 | 8.92 | 28.56 | 21.65 | 33.39 | 67.18 | 22.77 | 39.1 | 109.48 | 18.35 | 31.73 | 101.65 | 6.01 | 53.71 | 205.08 | 2.64 | 49.15 | 166.67 | 0.14 | 16.67 | 55.56 | 27.43 | 26.76 | 48.11 | 138.39 | -3.15 | 9.06 | 95.10 | -4.02 | -20.21 | 4.90 | 430.64 | 125.56 | 10.38 | -5.98 | -22.48 |
| 22Q1 (10) | 0.77 | 37.5 | 126.47 | 31.74 | 5.17 | 51.65 | 16.23 | 22.31 | 58.96 | 16.37 | 27.99 | 52.14 | 13.93 | 35.37 | 55.99 | 3.91 | 40.14 | 120.9 | 1.77 | 30.15 | 96.67 | 0.12 | 0.0 | 33.33 | 21.64 | 18.25 | 10.18 | 142.89 | 7.63 | 7.87 | 99.08 | -4.44 | 4.58 | 0.92 | 125.1 | -82.45 | 11.04 | 2.41 | -23.86 |
| 21Q4 (9) | 0.56 | 24.44 | 154.55 | 30.18 | 11.94 | 107.71 | 13.27 | 10.03 | 14844.44 | 12.79 | 10.26 | 90.33 | 10.29 | 7.3 | 47.63 | 2.79 | 12.5 | 117.97 | 1.36 | 9.68 | 97.1 | 0.12 | 9.09 | 50.0 | 18.30 | 4.93 | 7.9 | 132.76 | 7.66 | -0.72 | 103.68 | -0.54 | 11193.87 | -3.68 | 5.3 | -103.65 | 10.78 | -10.24 | -29.13 |
| 21Q3 (8) | 0.45 | 25.0 | 2150.0 | 26.96 | 0.26 | 120.44 | 12.06 | -6.87 | 10150.0 | 11.60 | 6.72 | 1631.34 | 9.59 | 5.38 | 503.14 | 2.48 | 25.89 | 629.41 | 1.24 | 25.25 | 327.59 | 0.11 | 22.22 | 22.22 | 17.44 | -5.83 | 71.99 | 123.31 | -2.82 | -8.79 | 104.24 | -12.53 | 725.44 | -3.89 | 79.73 | -103.33 | 12.01 | -10.31 | -7.19 |
| 21Q2 (7) | 0.36 | 5.88 | 71.43 | 26.89 | 28.48 | 58.27 | 12.95 | 26.84 | 309.81 | 10.87 | 1.02 | 71.18 | 9.10 | 1.9 | 83.84 | 1.97 | 11.3 | 72.81 | 0.99 | 10.0 | 59.68 | 0.09 | 0.0 | -10.0 | 18.52 | -5.7 | 18.41 | 126.89 | -4.21 | -9.92 | 119.18 | 25.8 | 140.28 | -19.18 | -464.38 | -138.05 | 13.39 | -7.66 | 0 |
| 21Q1 (6) | 0.34 | 54.55 | 750.0 | 20.93 | 44.05 | 56.43 | 10.21 | 11444.44 | 220.06 | 10.76 | 60.12 | 663.12 | 8.93 | 28.12 | 881.32 | 1.77 | 38.28 | 637.5 | 0.90 | 30.43 | 246.15 | 0.09 | 12.5 | -18.18 | 19.64 | 15.8 | 99.59 | 132.46 | -0.94 | -6.93 | 94.74 | 10236.84 | -57.89 | 5.26 | -94.79 | 104.21 | 14.50 | -4.67 | 0 |
| 20Q4 (5) | 0.22 | 1000.0 | 2100.0 | 14.53 | 18.81 | 25.69 | -0.09 | 25.0 | -104.74 | 6.72 | 902.99 | 9700.0 | 6.97 | 338.36 | 2150.0 | 1.28 | 276.47 | 1522.22 | 0.69 | 137.93 | 331.25 | 0.08 | -11.11 | -33.33 | 16.96 | 67.26 | 67.42 | 133.72 | -1.09 | 5.08 | -0.93 | 94.39 | 99.96 | 100.93 | -13.48 | -95.88 | 15.21 | 17.54 | 50.15 |
| 20Q3 (4) | 0.02 | -90.48 | 0.0 | 12.23 | -28.02 | 0.0 | -0.12 | -103.8 | 0.0 | 0.67 | -89.45 | 0.0 | 1.59 | -67.88 | 0.0 | 0.34 | -70.18 | 0.0 | 0.29 | -53.23 | 0.0 | 0.09 | -10.0 | 0.0 | 10.14 | -35.17 | 0.0 | 135.19 | -4.03 | 0.0 | -16.67 | -133.6 | 0.0 | 116.67 | 131.48 | 0.0 | 12.94 | 0 | 0.0 |
| 20Q2 (3) | 0.21 | 425.0 | 0.0 | 16.99 | 26.98 | 0.0 | 3.16 | -0.94 | 0.0 | 6.35 | 350.35 | 0.0 | 4.95 | 443.96 | 0.0 | 1.14 | 375.0 | 0.0 | 0.62 | 138.46 | 0.0 | 0.10 | -9.09 | 0.0 | 15.64 | 58.94 | 0.0 | 140.86 | -1.03 | 0.0 | 49.60 | -77.96 | 0.0 | 50.40 | 140.32 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.04 | 300.0 | 0.0 | 13.38 | 15.74 | 0.0 | 3.19 | 67.89 | 0.0 | 1.41 | 2114.29 | 0.0 | 0.91 | 367.65 | 0.0 | 0.24 | 366.67 | 0.0 | 0.26 | 62.5 | 0.0 | 0.11 | -8.33 | 0.0 | 9.84 | -2.86 | 0.0 | 142.33 | 11.84 | 0.0 | 225.00 | 109.57 | 0.0 | -125.00 | -105.1 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.01 | 0.0 | 0.0 | 11.56 | 0.0 | 0.0 | 1.90 | 0.0 | 0.0 | -0.07 | 0.0 | 0.0 | -0.34 | 0.0 | 0.0 | -0.09 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 10.13 | 0.0 | 0.0 | 127.26 | 0.0 | 0.0 | -2350.00 | 0.0 | 0.0 | 2450.00 | 0.0 | 0.0 | 10.13 | 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) | 4.66 | 3.1 | 26.95 | -15.75 | 17.55 | -10.14 | 3.53 | 2.34 | 21.41 | 2.1 | 17.71 | 4.36 | 18.15 | -10.72 | 9.20 | -2.44 | 0.49 | -5.77 | 26.39 | 2.25 | 97.73 | -22.99 | 81.98 | -11.98 | 18.02 | 162.58 | 0.00 | 0 | 10.47 | 1.06 |
| 2022 (9) | 4.52 | 165.88 | 31.99 | 19.99 | 19.53 | 59.43 | 3.45 | -32.84 | 20.97 | 80.62 | 16.97 | 77.7 | 20.33 | 121.94 | 9.43 | 111.43 | 0.52 | 26.83 | 25.81 | 40.42 | 126.90 | -4.41 | 93.14 | -11.72 | 6.86 | 0 | 0.00 | 0 | 10.36 | -16.92 |
| 2021 (8) | 1.70 | 240.0 | 26.66 | 86.69 | 12.25 | 616.37 | 5.14 | -29.22 | 11.61 | 220.72 | 9.55 | 182.54 | 9.16 | 211.56 | 4.46 | 138.5 | 0.41 | 7.89 | 18.38 | 42.59 | 132.76 | -0.72 | 105.50 | 122.28 | -5.50 | 0 | 0.00 | 0 | 12.47 | -9.83 |
| 2020 (7) | 0.50 | -21.88 | 14.28 | -1.99 | 1.71 | -62.66 | 7.26 | -7.0 | 3.62 | 8.71 | 3.38 | 40.25 | 2.94 | 1.38 | 1.87 | -6.97 | 0.38 | -28.3 | 12.89 | -0.23 | 133.72 | 5.08 | 47.46 | -65.48 | 52.54 | 0 | 0.00 | 0 | 13.83 | 28.29 |
| 2019 (6) | 0.64 | 16.36 | 14.57 | 1.18 | 4.58 | 8.79 | 7.81 | -2.35 | 3.33 | 2.78 | 2.41 | 2.12 | 2.90 | 6.62 | 2.01 | 4.69 | 0.53 | 0.0 | 12.92 | 0.39 | 127.26 | -1.0 | 137.50 | 5.99 | -37.78 | 0 | 0.00 | 0 | 10.78 | -0.46 |
| 2018 (5) | 0.55 | 66.67 | 14.40 | 7.14 | 4.21 | -6.86 | 8.00 | -15.81 | 3.24 | 53.55 | 2.36 | 73.53 | 2.72 | 104.51 | 1.92 | 42.22 | 0.53 | 8.16 | 12.87 | -3.67 | 128.54 | 20.02 | 129.73 | -39.52 | -30.03 | 0 | 0.00 | 0 | 10.83 | 2.07 |
| 2017 (4) | 0.33 | -52.86 | 13.44 | -17.34 | 4.52 | -35.43 | 9.50 | -12.93 | 2.11 | -56.58 | 1.36 | -63.93 | 1.33 | -59.94 | 1.35 | -43.75 | 0.49 | 4.26 | 13.36 | -23.39 | 107.10 | 18.59 | 214.51 | 48.96 | -114.51 | 0 | 0.00 | 0 | 10.61 | -7.74 |
| 2016 (3) | 0.70 | -55.41 | 16.26 | -2.87 | 7.00 | -13.26 | 10.91 | 25.18 | 4.86 | -34.32 | 3.77 | -33.27 | 3.32 | -46.45 | 2.40 | -37.66 | 0.47 | -16.07 | 17.44 | -1.02 | 90.31 | 9.35 | 144.00 | 31.85 | -44.00 | 0 | 0.00 | 0 | 11.50 | 8.59 |
| 2015 (2) | 1.57 | 9.79 | 16.74 | 4.36 | 8.07 | 18.5 | 8.72 | 23.64 | 7.40 | 11.45 | 5.65 | 9.92 | 6.20 | -7.19 | 3.85 | 0.52 | 0.56 | -9.68 | 17.62 | 17.08 | 82.59 | -23.0 | 109.22 | 6.58 | -9.09 | 0 | 0.00 | 0 | 10.59 | 6.97 |
| 2014 (1) | 1.43 | 130.65 | 16.04 | 0 | 6.81 | 0 | 7.05 | -7.21 | 6.64 | 0 | 5.14 | 0 | 6.68 | 0 | 3.83 | 0 | 0.62 | 10.71 | 15.05 | 29.74 | 107.26 | -6.31 | 102.47 | -6.9 | -2.47 | 0 | 0.00 | 0 | 9.90 | -4.62 |
