- 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) | 0.50 | 117.39 | -83.28 | 32.40 | 4.79 | -22.77 | 18.65 | 124.7 | -18.63 | 3.11 | -42.62 | -87.31 | 3.84 | 28.43 | -82.48 | 1.09 | 67.69 | -82.7 | 0.77 | 35.09 | -78.43 | 0.14 | 27.27 | -12.5 | 13.98 | -23.44 | -57.47 | 114.84 | 10.88 | 40.79 | 605.26 | 303.51 | 546.16 | -505.26 | -838.35 | -8083.16 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.23 | 118.25 | -91.67 | 30.92 | -11.98 | -23.95 | 8.30 | 150.61 | -62.32 | 5.42 | 141.47 | -77.88 | 2.99 | 130.7 | -87.23 | 0.65 | 125.59 | -89.17 | 0.57 | 149.57 | -84.21 | 0.11 | -21.43 | -26.67 | 18.26 | 679.68 | -46.28 | 103.57 | 18.91 | 21.11 | 150.00 | 19.7 | 66.94 | -53.85 | -112.69 | -630.77 | 26.63 | 25.14 | 10.45 |
| 24Q1 (18) | -1.26 | -1900.0 | -150.0 | 35.13 | 16.94 | -15.92 | -16.40 | -214.53 | -162.6 | -13.07 | -552.25 | -152.41 | -9.74 | -1045.63 | -145.03 | -2.54 | -1309.52 | -145.12 | -1.15 | -380.49 | -133.14 | 0.14 | 27.27 | -6.67 | -3.15 | -118.37 | -109.37 | 87.10 | -4.97 | 31.69 | 125.32 | -74.57 | 19.31 | -25.32 | 93.56 | -402.71 | 21.28 | 246.96 | -6.99 |
| 23Q4 (17) | 0.07 | -97.66 | -95.3 | 30.04 | -28.39 | -26.37 | 14.32 | -37.52 | -29.8 | 2.89 | -88.2 | -81.71 | 1.03 | -95.3 | -92.02 | 0.21 | -96.67 | -93.86 | 0.41 | -88.52 | -80.19 | 0.11 | -31.25 | -26.67 | 17.15 | -47.82 | -33.09 | 91.66 | 12.37 | 27.93 | 492.86 | 426.16 | 281.27 | -392.86 | -6307.14 | -1242.26 | -14.48 | -125.63 | -5692.0 |
| 23Q3 (16) | 2.99 | 8.33 | 76.92 | 41.95 | 3.17 | 22.77 | 22.92 | 4.04 | 22.76 | 24.50 | 0.0 | 27.54 | 21.92 | -6.4 | 44.88 | 6.30 | 5.0 | 49.29 | 3.57 | -1.11 | 53.88 | 0.16 | 6.67 | 6.67 | 32.87 | -3.3 | 14.57 | 81.57 | -4.62 | -5.31 | 93.67 | 4.25 | -3.24 | 6.33 | -37.61 | 98.31 | 56.50 | 134.34 | 80.97 |
| 23Q2 (15) | 2.76 | 9.52 | 128.1 | 40.66 | -2.68 | 22.62 | 22.03 | -15.92 | 43.33 | 24.50 | -1.76 | 46.44 | 23.42 | 8.28 | 71.07 | 6.00 | 6.57 | 91.69 | 3.61 | 4.03 | 102.81 | 0.15 | 0.0 | 25.0 | 33.99 | 1.07 | 20.83 | 85.52 | 29.3 | -13.26 | 89.86 | -14.45 | -2.66 | 10.14 | 301.45 | 31.88 | 24.11 | 5.38 | -35.24 |
| 23Q1 (14) | 2.52 | 69.13 | 125.0 | 41.78 | 2.4 | 16.87 | 26.20 | 28.43 | 56.89 | 24.94 | 57.85 | 53.1 | 21.63 | 67.54 | 73.32 | 5.63 | 64.62 | 96.85 | 3.47 | 67.63 | 102.92 | 0.15 | 0.0 | 15.38 | 33.63 | 31.21 | 22.87 | 66.14 | -7.69 | -13.67 | 105.04 | -18.75 | 3.42 | -5.04 | 82.79 | -61.15 | 22.88 | 9252.0 | -40.2 |
| 22Q4 (13) | 1.49 | -11.83 | 964.29 | 40.80 | 19.4 | 21.21 | 20.40 | 9.27 | 183.73 | 15.80 | -17.75 | 131.67 | 12.91 | -14.67 | 849.26 | 3.42 | -18.96 | 1121.43 | 2.07 | -10.78 | 567.74 | 0.15 | 0.0 | 25.0 | 25.63 | -10.67 | 22.46 | 71.65 | -16.82 | -6.66 | 129.27 | 33.53 | 18.93 | -29.27 | -1017.07 | -573.17 | -0.25 | -100.8 | -100.62 |
| 22Q3 (12) | 1.69 | 39.67 | 103.61 | 34.17 | 3.05 | 13.6 | 18.67 | 21.47 | 63.77 | 19.21 | 14.82 | 57.72 | 15.13 | 10.52 | 46.04 | 4.22 | 34.82 | 109.95 | 2.32 | 30.34 | 90.16 | 0.15 | 25.0 | 36.36 | 28.69 | 1.99 | 10.94 | 86.14 | -12.63 | 4.86 | 96.81 | 4.88 | 2.04 | 3.19 | -58.51 | -58.51 | 31.22 | -16.14 | -25.44 |
| 22Q2 (11) | 1.21 | 8.04 | 53.16 | 33.16 | -7.24 | 2.98 | 15.37 | -7.96 | 28.83 | 16.73 | 2.7 | 44.35 | 13.69 | 9.7 | 33.43 | 3.13 | 9.44 | 65.61 | 1.78 | 4.09 | 50.85 | 0.12 | -7.69 | 20.0 | 28.13 | 2.78 | 9.8 | 98.59 | 28.69 | 20.32 | 92.31 | -9.11 | -10.06 | 7.69 | 346.15 | 392.31 | 37.23 | -2.69 | -13.24 |
| 22Q1 (10) | 1.12 | 700.0 | -10.4 | 35.75 | 6.21 | -1.16 | 16.70 | 132.27 | -7.07 | 16.29 | 138.86 | -13.95 | 12.48 | 817.65 | -15.56 | 2.86 | 921.43 | -2.05 | 1.71 | 451.61 | -3.93 | 0.13 | 8.33 | 18.18 | 27.37 | 30.77 | -14.36 | 76.61 | -0.2 | 2.72 | 101.56 | -6.56 | 7.81 | -3.12 | 28.12 | -171.88 | 38.26 | -5.23 | -3.19 |
| 21Q4 (9) | 0.14 | -83.13 | -77.05 | 33.66 | 11.9 | 0.69 | 7.19 | -36.93 | -44.18 | 6.82 | -44.01 | -24.14 | 1.36 | -86.87 | -83.15 | 0.28 | -86.07 | -81.33 | 0.31 | -74.59 | -66.67 | 0.12 | 9.09 | 9.09 | 20.93 | -19.06 | -6.52 | 76.76 | -6.56 | 1.49 | 108.70 | 14.57 | -24.17 | -4.35 | -156.52 | 89.97 | 40.37 | -3.58 | -6.96 |
| 21Q3 (8) | 0.83 | 5.06 | 176.67 | 30.08 | -6.58 | 6.63 | 11.40 | -4.44 | 1006.8 | 12.18 | 5.09 | 150.62 | 10.36 | 0.97 | 154.55 | 2.01 | 6.35 | 235.0 | 1.22 | 3.39 | 154.17 | 0.11 | 10.0 | 22.22 | 25.86 | 0.94 | 17.28 | 82.15 | 0.26 | 15.19 | 94.87 | -7.56 | 311.11 | 7.69 | 392.31 | -90.0 | 41.87 | -2.42 | -6.96 |
| 21Q2 (7) | 0.79 | -36.8 | 61.22 | 32.20 | -10.98 | -2.07 | 11.93 | -33.61 | -13.43 | 11.59 | -38.77 | 52.9 | 10.26 | -30.58 | 45.12 | 1.89 | -35.27 | 50.0 | 1.18 | -33.71 | 29.67 | 0.10 | -9.09 | -9.09 | 25.62 | -19.84 | 19.55 | 81.94 | 9.87 | 19.88 | 102.63 | 8.95 | -44.02 | -2.63 | -160.53 | 96.84 | 42.91 | 8.58 | 0 |
| 21Q1 (6) | 1.25 | 104.92 | -3.1 | 36.17 | 8.2 | 15.86 | 17.97 | 39.52 | 138.65 | 18.93 | 110.57 | 1.88 | 14.78 | 83.15 | -14.52 | 2.92 | 94.67 | -7.89 | 1.78 | 91.4 | -11.88 | 0.11 | 0.0 | 0.0 | 31.96 | 42.74 | -0.31 | 74.58 | -1.39 | 7.93 | 94.20 | -34.28 | 128.26 | 4.35 | 110.03 | -92.79 | 39.52 | -8.92 | -8.31 |
| 20Q4 (5) | 0.61 | 103.33 | 1425.0 | 33.43 | 18.5 | 8.19 | 12.88 | 1150.49 | 101.88 | 8.99 | 84.98 | 162.1 | 8.07 | 98.28 | 1422.64 | 1.50 | 150.0 | 1400.0 | 0.93 | 93.75 | 322.73 | 0.11 | 22.22 | 0.0 | 22.39 | 1.54 | 22.62 | 75.63 | 6.04 | 0.96 | 143.33 | 521.11 | -25.22 | -43.33 | -156.33 | 48.0 | 43.39 | -3.58 | 0 |
| 20Q3 (4) | 0.30 | -38.78 | 0.0 | 28.21 | -14.2 | 0.0 | 1.03 | -92.53 | 0.0 | 4.86 | -35.88 | 0.0 | 4.07 | -42.43 | 0.0 | 0.60 | -52.38 | 0.0 | 0.48 | -47.25 | 0.0 | 0.09 | -18.18 | 0.0 | 22.05 | 2.89 | 0.0 | 71.32 | 4.35 | 0.0 | 23.08 | -87.41 | 0.0 | 76.92 | 192.31 | 0.0 | 45.00 | 0 | 0.0 |
| 20Q2 (3) | 0.49 | -62.02 | 0.0 | 32.88 | 5.32 | 0.0 | 13.78 | 83.0 | 0.0 | 7.58 | -59.2 | 0.0 | 7.07 | -59.11 | 0.0 | 1.26 | -60.25 | 0.0 | 0.91 | -54.95 | 0.0 | 0.11 | 0.0 | 0.0 | 21.43 | -33.16 | 0.0 | 68.35 | -1.09 | 0.0 | 183.33 | 344.23 | 0.0 | -83.33 | -238.16 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 1.29 | 3125.0 | 0.0 | 31.22 | 1.04 | 0.0 | 7.53 | 18.03 | 0.0 | 18.58 | 441.69 | 0.0 | 17.29 | 3162.26 | 0.0 | 3.17 | 3070.0 | 0.0 | 2.02 | 818.18 | 0.0 | 0.11 | 0.0 | 0.0 | 32.06 | 75.58 | 0.0 | 69.10 | -7.76 | 0.0 | 41.27 | -78.47 | 0.0 | 60.32 | 172.38 | 0.0 | 43.10 | 0 | 0.0 |
| 19Q4 (1) | 0.04 | 0.0 | 0.0 | 30.90 | 0.0 | 0.0 | 6.38 | 0.0 | 0.0 | 3.43 | 0.0 | 0.0 | 0.53 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | 18.26 | 0.0 | 0.0 | 74.91 | 0.0 | 0.0 | 191.67 | 0.0 | 0.0 | -83.33 | 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) | 8.33 | 52.84 | 39.03 | 7.76 | 21.66 | 20.2 | 7.51 | -10.38 | 19.96 | 17.14 | 17.73 | 30.46 | 17.92 | 37.85 | 10.59 | 33.04 | 0.55 | 0.0 | 29.97 | 9.42 | 91.66 | 27.93 | 108.46 | 2.74 | -8.46 | 0 | 4.17 | -22.36 | 24.79 | -0.64 |
| 2022 (9) | 5.45 | 81.67 | 36.22 | 9.33 | 18.02 | 47.46 | 8.38 | -23.46 | 17.04 | 36.43 | 13.59 | 47.24 | 13.00 | 82.58 | 7.96 | 75.33 | 0.55 | 25.0 | 27.39 | 4.82 | 71.65 | -6.66 | 105.57 | 8.13 | -5.90 | 0 | 5.37 | -21.02 | 24.95 | -39.31 |
| 2021 (8) | 3.00 | 13.21 | 33.13 | 4.84 | 12.22 | 35.18 | 10.95 | -4.88 | 12.49 | 22.45 | 9.23 | -0.86 | 7.12 | 13.74 | 4.54 | 11.27 | 0.44 | 15.79 | 26.13 | 5.79 | 76.76 | 1.49 | 97.63 | 9.62 | 2.37 | -79.8 | 6.80 | -9.24 | 41.11 | -8.85 |
| 2020 (7) | 2.65 | 14.72 | 31.60 | 1.84 | 9.04 | -4.24 | 11.52 | 18.3 | 10.20 | 39.15 | 9.31 | 47.54 | 6.26 | 21.32 | 4.08 | 10.27 | 0.38 | -22.45 | 24.70 | 26.41 | 75.63 | 0.96 | 89.06 | -31.24 | 11.72 | 0 | 7.49 | 52.53 | 45.10 | 10.54 |
| 2019 (6) | 2.31 | -38.24 | 31.03 | -8.39 | 9.44 | -34.72 | 9.74 | 3.11 | 7.33 | -48.63 | 6.31 | -47.55 | 5.16 | -45.4 | 3.70 | -45.27 | 0.49 | -7.55 | 19.54 | -22.98 | 74.91 | 34.56 | 129.52 | 28.05 | -28.57 | 0 | 4.91 | -26.15 | 40.80 | 46.92 |
| 2018 (5) | 3.74 | -29.3 | 33.87 | -4.86 | 14.46 | -23.21 | 9.44 | 7.4 | 14.27 | -26.86 | 12.03 | -25.05 | 9.45 | -34.78 | 6.76 | -36.41 | 0.53 | -15.87 | 25.37 | -14.49 | 55.67 | 36.11 | 101.15 | 4.94 | -1.15 | 0 | 6.65 | 143.76 | 27.77 | 7.76 |
| 2017 (4) | 5.29 | 25.95 | 35.60 | 10.9 | 18.83 | 22.83 | 8.79 | 5.05 | 19.51 | 22.47 | 16.05 | 18.28 | 14.49 | 18.38 | 10.63 | 15.17 | 0.63 | -4.55 | 29.67 | 18.16 | 40.90 | -7.07 | 96.39 | 0.11 | 3.61 | -2.93 | 2.73 | 0 | 25.77 | 6.58 |
| 2016 (3) | 4.20 | -17.81 | 32.10 | -1.41 | 15.33 | -9.4 | 8.37 | 7.19 | 15.93 | -3.57 | 13.57 | -6.02 | 12.24 | -19.21 | 9.23 | -19.32 | 0.66 | -13.16 | 25.11 | -1.22 | 44.01 | 53.51 | 96.28 | -6.08 | 3.72 | 0 | 0.00 | 0 | 24.18 | -0.94 |
| 2015 (2) | 5.11 | 15.35 | 32.56 | 1.81 | 16.92 | 11.76 | 7.81 | -5.7 | 16.52 | 11.4 | 14.44 | 13.34 | 15.15 | -4.66 | 11.44 | 7.72 | 0.76 | -1.3 | 25.42 | 2.75 | 28.67 | -43.33 | 102.51 | -0.0 | -2.51 | 0 | 0.00 | 0 | 24.41 | -1.93 |
| 2014 (1) | 4.43 | 3.02 | 31.98 | 0 | 15.14 | 0 | 8.28 | 10.98 | 14.83 | 0 | 12.74 | 0 | 15.89 | 0 | 10.62 | 0 | 0.77 | -7.23 | 24.74 | 10.99 | 50.59 | -35.9 | 102.52 | -0.61 | -1.89 | 0 | 0.00 | 0 | 24.89 | 4.71 |
