- 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) | 0.59 | 51.28 | 68.57 | 9.86 | -18.51 | 10.54 | 4.60 | -28.35 | 20.42 | 6.95 | 41.26 | 56.18 | 5.71 | 50.26 | 64.08 | 2.00 | 52.67 | 63.93 | 1.22 | 45.24 | 56.41 | 0.19 | 0.0 | 0.0 | 11.07 | 24.24 | 26.8 | 76.27 | -15.87 | -9.12 | 66.67 | -47.92 | -22.81 | 33.33 | 204.17 | 144.44 | 13.93 | 2.05 | 7.4 |
| 24Q2 (19) | 0.39 | 18.18 | 129.41 | 12.10 | 22.84 | 30.25 | 6.42 | 37.18 | 49.65 | 4.92 | 19.13 | 82.22 | 3.80 | 17.28 | 120.93 | 1.31 | 19.09 | 133.93 | 0.84 | 13.51 | 100.0 | 0.19 | 0.0 | 11.76 | 8.91 | 8.0 | 23.75 | 90.66 | 18.03 | -3.79 | 128.00 | 16.87 | -16.8 | -32.00 | -124.0 | 40.57 | 13.65 | 1.79 | 2.09 |
| 24Q1 (18) | 0.33 | 10.0 | 200.0 | 9.85 | 22.36 | 50.61 | 4.68 | 78.63 | 152.97 | 4.13 | 20.06 | 201.46 | 3.24 | 2.53 | 217.65 | 1.10 | 3.77 | 189.47 | 0.74 | 4.23 | 124.24 | 0.19 | 5.56 | -5.0 | 8.25 | 5.5 | 63.04 | 76.81 | -6.94 | -9.24 | 109.52 | 43.22 | -12.38 | -14.29 | -160.71 | 61.9 | 13.41 | -6.29 | 14.22 |
| 23Q4 (17) | 0.30 | -14.29 | -53.85 | 8.05 | -9.75 | -9.75 | 2.62 | -31.41 | -50.75 | 3.44 | -22.7 | -48.66 | 3.16 | -9.2 | -45.61 | 1.06 | -13.11 | -52.04 | 0.71 | -8.97 | -43.65 | 0.18 | -5.26 | -5.26 | 7.82 | -10.42 | -24.88 | 82.54 | -1.64 | -8.85 | 76.47 | -11.46 | -5.69 | 23.53 | 72.55 | 8.82 | 14.31 | 10.33 | 31.53 |
| 23Q3 (16) | 0.35 | 105.88 | 1266.67 | 8.92 | -3.98 | -5.91 | 3.82 | -10.96 | 6.11 | 4.45 | 64.81 | 1159.52 | 3.48 | 102.33 | 1300.0 | 1.22 | 117.86 | 1209.09 | 0.78 | 85.71 | 1200.0 | 0.19 | 11.76 | 0.0 | 8.73 | 21.25 | 159.82 | 83.92 | -10.94 | -16.12 | 86.36 | -43.86 | 108.64 | 13.64 | 125.32 | -98.81 | 12.97 | -2.99 | -3.28 |
| 23Q2 (15) | 0.17 | 54.55 | -73.85 | 9.29 | 42.05 | -25.08 | 4.29 | 131.89 | -41.87 | 2.70 | 97.08 | -54.92 | 1.72 | 68.63 | -62.03 | 0.56 | 47.37 | -73.71 | 0.42 | 27.27 | -63.48 | 0.17 | -15.0 | -26.09 | 7.20 | 42.29 | -19.19 | 94.23 | 11.34 | -17.65 | 153.85 | 23.08 | 24.26 | -53.85 | -43.59 | -126.15 | 13.37 | 13.88 | 16.16 |
| 23Q1 (14) | 0.11 | -83.08 | -85.53 | 6.54 | -26.68 | -47.0 | 1.85 | -65.23 | -73.3 | 1.37 | -79.55 | -80.29 | 1.02 | -82.44 | -81.15 | 0.38 | -82.81 | -84.43 | 0.33 | -73.81 | -75.91 | 0.20 | 5.26 | -16.67 | 5.06 | -51.39 | -49.55 | 84.63 | -6.54 | -3.75 | 125.00 | 54.17 | 25.0 | -37.50 | -273.44 | 0 | 11.74 | 7.9 | 11.92 |
| 22Q4 (13) | 0.65 | 2266.67 | -28.57 | 8.92 | -5.91 | -37.8 | 5.32 | 47.78 | -36.06 | 6.70 | 1695.24 | -13.1 | 5.81 | 2103.45 | -5.99 | 2.21 | 2109.09 | -26.09 | 1.26 | 2000.0 | -23.17 | 0.19 | 0.0 | -24.0 | 10.41 | 209.82 | -1.42 | 90.55 | -9.5 | 1.18 | 81.08 | 108.11 | -25.56 | 21.62 | -98.12 | 402.7 | 10.88 | -18.87 | -12.05 |
| 22Q3 (12) | -0.03 | -104.62 | -102.0 | 9.48 | -23.55 | -42.89 | 3.60 | -51.22 | -68.7 | -0.42 | -107.01 | -103.76 | -0.29 | -106.4 | -103.23 | -0.11 | -105.16 | -102.2 | 0.06 | -94.78 | -97.76 | 0.19 | -17.39 | -34.48 | 3.36 | -62.29 | -75.51 | 100.05 | -12.57 | 7.89 | -1000.00 | -907.69 | -1068.75 | 1150.00 | 4930.0 | 35750.0 | 13.41 | 16.51 | 33.57 |
| 22Q2 (11) | 0.65 | -14.47 | -54.86 | 12.40 | 0.49 | -31.42 | 7.38 | 6.49 | -43.45 | 5.99 | -13.81 | -51.46 | 4.53 | -16.27 | -53.49 | 2.13 | -12.7 | -56.26 | 1.15 | -16.06 | -56.27 | 0.23 | -4.17 | -11.54 | 8.91 | -11.17 | -40.92 | 114.43 | 30.14 | 25.46 | 123.81 | 23.81 | 17.36 | -23.81 | 0 | -333.33 | 11.51 | 9.72 | 6.28 |
| 22Q1 (10) | 0.76 | -16.48 | -14.61 | 12.34 | -13.95 | -16.57 | 6.93 | -16.71 | -27.51 | 6.95 | -9.86 | -20.21 | 5.41 | -12.46 | -22.05 | 2.44 | -18.39 | -22.29 | 1.37 | -16.46 | -21.26 | 0.24 | -4.0 | 0.0 | 10.03 | -5.02 | -16.49 | 87.93 | -1.74 | -2.16 | 100.00 | -8.2 | -8.2 | 0.00 | 100.0 | 100.0 | 10.49 | -15.2 | -9.57 |
| 21Q4 (9) | 0.91 | -39.33 | 19.74 | 14.34 | -13.61 | 5.83 | 8.32 | -27.65 | 7.91 | 7.71 | -31.04 | 3.77 | 6.18 | -31.18 | 1.81 | 2.99 | -40.2 | 8.33 | 1.64 | -38.81 | 9.33 | 0.25 | -13.79 | 8.7 | 10.56 | -23.03 | -2.94 | 89.49 | -3.49 | 1.99 | 108.93 | 5.52 | 4.39 | -7.14 | -121.43 | -64.29 | 12.37 | 23.21 | -8.84 |
| 21Q3 (8) | 1.50 | 4.17 | 41.51 | 16.60 | -8.19 | 5.87 | 11.50 | -11.88 | 2.22 | 11.18 | -9.4 | -1.41 | 8.98 | -7.8 | -0.88 | 5.00 | 2.67 | 25.94 | 2.68 | 1.9 | 35.35 | 0.29 | 11.54 | 38.1 | 13.72 | -9.02 | -8.35 | 92.73 | 1.67 | -8.01 | 103.23 | -2.15 | 4.81 | -3.23 | 41.29 | -312.9 | 10.04 | -7.29 | -15.98 |
| 21Q2 (7) | 1.44 | 61.8 | 121.54 | 18.08 | 22.24 | 39.72 | 13.05 | 36.51 | 47.46 | 12.34 | 41.68 | 56.8 | 9.74 | 40.35 | 72.08 | 4.87 | 55.1 | 98.78 | 2.63 | 51.15 | 115.57 | 0.26 | 8.33 | 30.0 | 15.08 | 25.56 | 30.45 | 91.21 | 1.49 | -21.91 | 105.49 | -3.15 | -6.92 | -5.49 | 38.46 | 58.79 | 10.83 | -6.64 | 0 |
| 21Q1 (6) | 0.89 | 17.11 | 30.88 | 14.79 | 9.15 | 34.09 | 9.56 | 23.99 | 52.72 | 8.71 | 17.23 | 24.79 | 6.94 | 14.33 | 25.72 | 3.14 | 13.77 | 23.14 | 1.74 | 16.0 | 34.88 | 0.24 | 4.35 | 9.09 | 12.01 | 10.39 | 14.49 | 89.87 | 2.43 | -18.08 | 108.93 | 4.39 | 23.26 | -8.93 | -105.36 | -195.98 | 11.60 | -14.52 | 0 |
| 20Q4 (5) | 0.76 | -28.3 | 11.76 | 13.55 | -13.58 | 12.45 | 7.71 | -31.47 | 3.63 | 7.43 | -34.48 | 19.26 | 6.07 | -33.0 | 6.49 | 2.76 | -30.48 | 5.75 | 1.50 | -24.24 | 14.5 | 0.23 | 9.52 | 9.52 | 10.88 | -27.32 | 11.02 | 87.74 | -12.96 | -23.49 | 104.35 | 5.95 | -12.25 | -4.35 | -386.96 | 77.02 | 13.57 | 13.56 | 29.48 |
| 20Q3 (4) | 1.06 | 63.08 | 0.0 | 15.68 | 21.17 | 0.0 | 11.25 | 27.12 | 0.0 | 11.34 | 44.09 | 0.0 | 9.06 | 60.07 | 0.0 | 3.97 | 62.04 | 0.0 | 1.98 | 62.3 | 0.0 | 0.21 | 5.0 | 0.0 | 14.97 | 29.5 | 0.0 | 100.80 | -13.7 | 0.0 | 98.48 | -13.1 | 0.0 | 1.52 | 111.36 | 0.0 | 11.95 | 0 | 0.0 |
| 20Q2 (3) | 0.65 | -4.41 | 0.0 | 12.94 | 17.32 | 0.0 | 8.85 | 41.37 | 0.0 | 7.87 | 12.75 | 0.0 | 5.66 | 2.54 | 0.0 | 2.45 | -3.92 | 0.0 | 1.22 | -5.43 | 0.0 | 0.20 | -9.09 | 0.0 | 11.56 | 10.2 | 0.0 | 116.80 | 6.46 | 0.0 | 113.33 | 28.25 | 0.0 | -13.33 | -243.33 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.68 | 0.0 | 0.0 | 11.03 | -8.46 | 0.0 | 6.26 | -15.86 | 0.0 | 6.98 | 12.04 | 0.0 | 5.52 | -3.16 | 0.0 | 2.55 | -2.3 | 0.0 | 1.29 | -1.53 | 0.0 | 0.22 | 4.76 | 0.0 | 10.49 | 7.04 | 0.0 | 109.71 | -4.33 | 0.0 | 88.37 | -25.69 | 0.0 | 9.30 | 149.17 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.68 | 0.0 | 0.0 | 12.05 | 0.0 | 0.0 | 7.44 | 0.0 | 0.0 | 6.23 | 0.0 | 0.0 | 5.70 | 0.0 | 0.0 | 2.61 | 0.0 | 0.0 | 1.31 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 9.80 | 0.0 | 0.0 | 114.68 | 0.0 | 0.0 | 118.92 | 0.0 | 0.0 | -18.92 | 0.0 | 0.0 | 10.48 | 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) | 0.93 | -53.96 | 8.14 | -25.73 | 3.10 | -47.99 | 3.33 | 23.58 | 2.95 | -40.76 | 2.32 | -41.71 | 3.19 | -52.32 | 2.22 | -43.51 | 0.74 | -15.91 | 7.15 | -13.54 | 82.54 | -8.85 | 105.08 | -11.73 | -5.08 | 0 | 0.00 | 0 | 13.05 | 13.38 |
| 2022 (9) | 2.02 | -57.47 | 10.96 | -31.59 | 5.96 | -44.19 | 2.69 | 8.31 | 4.98 | -50.55 | 3.98 | -50.44 | 6.69 | -58.58 | 3.93 | -55.69 | 0.88 | -17.76 | 8.27 | -35.89 | 90.55 | 1.18 | 119.05 | 12.22 | -19.84 | 0 | 0.00 | 0 | 11.51 | 3.14 |
| 2021 (8) | 4.75 | 50.79 | 16.02 | 20.63 | 10.68 | 25.94 | 2.49 | -19.82 | 10.07 | 20.31 | 8.03 | 22.41 | 16.15 | 39.1 | 8.87 | 45.17 | 1.07 | 21.59 | 12.90 | 8.04 | 89.49 | 1.99 | 106.08 | 5.03 | -6.08 | 0 | 0.00 | 0 | 11.16 | -8.37 |
| 2020 (7) | 3.15 | 64.92 | 13.28 | 32.67 | 8.48 | 60.0 | 3.10 | 0.08 | 8.37 | 65.74 | 6.56 | 64.41 | 11.61 | 60.58 | 6.11 | 64.25 | 0.88 | 4.76 | 11.94 | 36.46 | 87.74 | -23.49 | 101.00 | -3.77 | -1.00 | 0 | 0.00 | 0 | 12.18 | 6.84 |
| 2019 (6) | 1.91 | -49.87 | 10.01 | -30.05 | 5.30 | -39.5 | 3.10 | 6.68 | 5.05 | -43.58 | 3.99 | -44.12 | 7.23 | -49.93 | 3.72 | -47.83 | 0.84 | -11.58 | 8.75 | -29.26 | 114.68 | -1.31 | 104.96 | 7.22 | -4.96 | 0 | 0.00 | 0 | 11.40 | 1.88 |
| 2018 (5) | 3.81 | -6.85 | 14.31 | -10.62 | 8.76 | -15.36 | 2.90 | -5.32 | 8.95 | -10.5 | 7.14 | -9.62 | 14.44 | -10.92 | 7.13 | -9.63 | 0.95 | 0.0 | 12.37 | -9.24 | 116.20 | 4.68 | 97.89 | -5.78 | 2.11 | 0 | 0.00 | 0 | 11.19 | 0.54 |
| 2017 (4) | 4.09 | 12.36 | 16.01 | 0.13 | 10.35 | 8.83 | 3.07 | -17.02 | 10.00 | 3.95 | 7.90 | 0.25 | 16.21 | 3.98 | 7.89 | 7.49 | 0.95 | 7.95 | 13.63 | -2.36 | 111.00 | -8.65 | 103.89 | 4.84 | -3.50 | 0 | 0.00 | 0 | 11.13 | -2.45 |
| 2016 (3) | 3.64 | 114.12 | 15.99 | 36.09 | 9.51 | 87.2 | 3.70 | -10.1 | 9.62 | 102.53 | 7.88 | 109.02 | 15.59 | 105.4 | 7.34 | 99.46 | 0.88 | 4.76 | 13.96 | 44.66 | 121.51 | -6.6 | 99.10 | -7.86 | 1.36 | 0 | 0.00 | 0 | 11.41 | 3.73 |
| 2015 (2) | 1.70 | -43.71 | 11.75 | -5.32 | 5.08 | -24.07 | 4.11 | 25.17 | 4.75 | -27.81 | 3.77 | -31.95 | 7.59 | -45.59 | 3.68 | -36.77 | 0.84 | -11.58 | 9.65 | -8.88 | 130.09 | -12.73 | 107.55 | 5.76 | -6.60 | 0 | 0.00 | 0 | 11.00 | 16.65 |
| 2014 (1) | 3.02 | 50.25 | 12.41 | 0 | 6.69 | 0 | 3.28 | 4.93 | 6.58 | 0 | 5.54 | 0 | 13.95 | 0 | 5.82 | 0 | 0.95 | 0.0 | 10.59 | 22.71 | 149.07 | -17.83 | 101.69 | -12.34 | -1.69 | 0 | 0.00 | 0 | 9.43 | 6.07 |
