- 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) | 0.68 | 54.55 | 119.35 | 11.82 | -16.23 | 25.88 | 4.85 | -36.77 | 1696.3 | 13.05 | 27.57 | 33.98 | 11.17 | 36.22 | 26.5 | 3.24 | 49.31 | 98.77 | 1.79 | 39.84 | 75.49 | 0.16 | 0.0 | 45.45 | 14.59 | 27.31 | 25.56 | 91.11 | 22.74 | 45.36 | 36.96 | -50.96 | 1507.61 | 63.04 | 148.57 | -35.47 | 11.05 | 6.15 | -18.75 |
| 24Q2 (19) | 0.44 | -48.84 | 15.79 | 14.11 | 46.98 | 38.61 | 7.67 | 513.6 | 310.16 | 10.23 | -52.02 | -12.94 | 8.20 | -56.2 | -16.67 | 2.17 | -50.11 | 7.96 | 1.28 | -51.33 | -0.78 | 0.16 | 14.29 | 23.08 | 11.46 | -49.56 | -16.29 | 74.23 | 14.91 | 19.65 | 75.36 | 1145.99 | 381.48 | 25.36 | -73.0 | -69.93 | 10.41 | -20.84 | -6.05 |
| 24Q1 (18) | 0.86 | 160.61 | 177.42 | 9.60 | 21.67 | -5.14 | 1.25 | 861.54 | -63.24 | 21.32 | 180.9 | 129.0 | 18.72 | 185.8 | 143.75 | 4.35 | 152.91 | 162.05 | 2.63 | 150.48 | 145.79 | 0.14 | -12.5 | 7.69 | 22.72 | 157.3 | 107.49 | 64.60 | -3.39 | 14.19 | 6.05 | 193.35 | -83.41 | 93.95 | -4.07 | 47.86 | 13.15 | 19.44 | 4.37 |
| 23Q4 (17) | 0.33 | 6.45 | 32.0 | 7.89 | -15.97 | -6.96 | 0.13 | -51.85 | -91.72 | 7.59 | -22.07 | 56.82 | 6.55 | -25.82 | 45.23 | 1.72 | 5.52 | 29.32 | 1.05 | 2.94 | 23.53 | 0.16 | 45.45 | -11.11 | 8.83 | -24.01 | 45.23 | 66.87 | 6.68 | 4.08 | 2.06 | -10.31 | -93.63 | 97.94 | 0.24 | 44.78 | 11.01 | -19.04 | 19.28 |
| 23Q3 (16) | 0.31 | -18.42 | 40.91 | 9.39 | -7.76 | -8.92 | 0.27 | -85.56 | -93.53 | 9.74 | -17.11 | 74.55 | 8.83 | -10.26 | 91.13 | 1.63 | -18.91 | 36.97 | 1.02 | -20.93 | 41.67 | 0.11 | -15.38 | -26.67 | 11.62 | -15.12 | 85.92 | 62.68 | 1.03 | 2.0 | 2.30 | -85.31 | -96.92 | 97.70 | 15.83 | 285.06 | 13.60 | 22.74 | 35.86 |
| 23Q2 (15) | 0.38 | 22.58 | 442.86 | 10.18 | 0.59 | -3.32 | 1.87 | -45.0 | -71.45 | 11.75 | 26.21 | 426.91 | 9.84 | 28.13 | 613.04 | 2.01 | 21.08 | 390.24 | 1.29 | 20.56 | 360.71 | 0.13 | 0.0 | -23.53 | 13.69 | 25.02 | 364.07 | 62.04 | 9.67 | -23.0 | 15.65 | -57.07 | -94.67 | 84.35 | 32.74 | 143.58 | 11.08 | -12.06 | 33.66 |
| 23Q1 (14) | 0.31 | 24.0 | 72.22 | 10.12 | 19.34 | -31.85 | 3.40 | 116.56 | -60.19 | 9.31 | 92.36 | 96.0 | 7.68 | 70.29 | 78.6 | 1.66 | 24.81 | 71.13 | 1.07 | 25.88 | 84.48 | 0.13 | -27.78 | 0.0 | 10.95 | 80.1 | 99.82 | 56.57 | -11.95 | -14.69 | 36.46 | 12.69 | -79.79 | 63.54 | -6.07 | 179.04 | 12.60 | 36.51 | 10.04 |
| 22Q4 (13) | 0.25 | 13.64 | 92.31 | 8.48 | -17.75 | 8.72 | 1.57 | -62.35 | 1021.43 | 4.84 | -13.26 | 50.78 | 4.51 | -2.38 | 87.92 | 1.33 | 11.76 | 84.72 | 0.85 | 18.06 | 97.67 | 0.18 | 20.0 | 5.88 | 6.08 | -2.72 | 60.85 | 64.25 | 4.56 | -17.05 | 32.35 | -56.65 | 627.94 | 67.65 | 166.61 | -29.21 | 9.23 | -7.79 | -12.01 |
| 22Q3 (12) | 0.22 | 214.29 | -56.86 | 10.31 | -2.09 | -38.67 | 4.17 | -36.34 | -60.29 | 5.58 | 150.22 | -55.78 | 4.62 | 234.78 | -54.71 | 1.19 | 190.24 | -57.5 | 0.72 | 157.14 | -56.1 | 0.15 | -11.76 | -6.25 | 6.25 | 111.86 | -52.62 | 61.45 | -23.73 | -16.07 | 74.63 | -74.58 | -10.56 | 25.37 | 113.11 | 53.18 | 10.01 | 20.75 | 1.11 |
| 22Q2 (11) | 0.07 | -61.11 | -82.05 | 10.53 | -29.09 | -13.62 | 6.55 | -23.3 | -0.76 | 2.23 | -53.05 | -75.55 | 1.38 | -67.91 | -80.34 | 0.41 | -57.73 | -80.84 | 0.28 | -51.72 | -77.78 | 0.17 | 30.77 | -5.56 | 2.95 | -46.17 | -69.52 | 80.57 | 21.51 | 10.43 | 293.55 | 62.73 | 304.79 | -193.55 | -140.76 | -804.3 | 8.29 | -27.6 | -9.6 |
| 22Q1 (10) | 0.18 | 38.46 | -66.67 | 14.85 | 90.38 | 44.88 | 8.54 | 6000.0 | 91.05 | 4.75 | 47.98 | -72.54 | 4.30 | 79.17 | -62.96 | 0.97 | 34.72 | -68.09 | 0.58 | 34.88 | -65.06 | 0.13 | -23.53 | -7.14 | 5.48 | 44.97 | -69.33 | 66.31 | -14.39 | -9.34 | 180.39 | 3958.82 | 601.15 | -80.39 | -184.13 | -208.24 | 11.45 | 9.15 | 2.88 |
| 21Q4 (9) | 0.13 | -74.51 | -63.89 | 7.80 | -53.6 | -3.23 | 0.14 | -98.67 | -89.55 | 3.21 | -74.56 | -12.77 | 2.40 | -76.47 | -55.72 | 0.72 | -74.29 | -27.27 | 0.43 | -73.78 | -17.31 | 0.17 | 6.25 | -15.0 | 3.78 | -71.34 | -9.35 | 77.46 | 5.79 | -21.2 | 4.44 | -94.67 | -87.63 | 95.56 | 476.87 | 52.89 | 10.49 | 5.96 | 0.1 |
| 21Q3 (8) | 0.51 | 30.77 | 37.84 | 16.81 | 37.9 | 138.44 | 10.50 | 59.09 | 173.44 | 12.62 | 38.38 | 161.83 | 10.20 | 45.3 | 49.56 | 2.80 | 30.84 | 62.79 | 1.64 | 30.16 | 88.51 | 0.16 | -11.11 | 0.0 | 13.19 | 36.26 | 140.69 | 73.22 | 0.36 | -31.47 | 83.44 | 15.05 | 5.07 | 16.56 | -39.72 | -19.54 | 9.90 | 7.96 | 15.79 |
| 21Q2 (7) | 0.39 | -27.78 | 56.0 | 12.19 | 18.93 | 72.18 | 6.60 | 47.65 | 76.47 | 9.12 | -47.28 | 124.63 | 7.02 | -39.53 | 129.41 | 2.14 | -29.61 | 42.67 | 1.26 | -24.1 | 53.66 | 0.18 | 28.57 | -30.77 | 9.68 | -45.83 | 113.22 | 72.96 | -0.25 | -26.41 | 72.52 | 181.87 | -21.06 | 27.48 | -63.0 | 237.62 | 9.17 | -17.61 | 0 |
| 21Q1 (6) | 0.54 | 50.0 | 20.0 | 10.25 | 27.17 | 24.7 | 4.47 | 233.58 | 2.76 | 17.30 | 370.11 | 57.42 | 11.61 | 114.21 | 45.85 | 3.04 | 207.07 | 10.55 | 1.66 | 219.23 | 11.41 | 0.14 | -30.0 | -22.22 | 17.87 | 328.54 | 53.0 | 73.14 | -25.6 | -9.87 | 25.73 | -28.41 | -34.9 | 74.27 | 18.83 | 22.81 | 11.13 | 6.2 | 0 |
| 20Q4 (5) | 0.36 | -2.7 | 350.0 | 8.06 | 14.33 | -3.59 | 1.34 | -65.1 | -37.38 | 3.68 | -23.65 | 1.66 | 5.42 | -20.53 | 261.33 | 0.99 | -42.44 | 67.8 | 0.52 | -40.23 | 62.5 | 0.20 | 25.0 | 5.26 | 4.17 | -23.91 | -2.34 | 98.30 | -7.99 | 2.25 | 35.94 | -54.75 | -39.78 | 62.50 | 203.57 | 55.0 | 10.48 | 22.57 | 531.28 |
| 20Q3 (4) | 0.37 | 48.0 | 0.0 | 7.05 | -0.42 | 0.0 | 3.84 | 2.67 | 0.0 | 4.82 | 18.72 | 0.0 | 6.82 | 122.88 | 0.0 | 1.72 | 14.67 | 0.0 | 0.87 | 6.1 | 0.0 | 0.16 | -38.46 | 0.0 | 5.48 | 20.7 | 0.0 | 106.84 | 7.77 | 0.0 | 79.41 | -13.55 | 0.0 | 20.59 | 152.94 | 0.0 | 8.55 | 0 | 0.0 |
| 20Q2 (3) | 0.25 | -44.44 | 0.0 | 7.08 | -13.87 | 0.0 | 3.74 | -14.02 | 0.0 | 4.06 | -63.06 | 0.0 | 3.06 | -61.56 | 0.0 | 1.50 | -45.45 | 0.0 | 0.82 | -44.97 | 0.0 | 0.26 | 44.44 | 0.0 | 4.54 | -61.13 | 0.0 | 99.14 | 22.17 | 0.0 | 91.86 | 132.43 | 0.0 | 8.14 | -86.54 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.45 | 462.5 | 0.0 | 8.22 | -1.67 | 0.0 | 4.35 | 103.27 | 0.0 | 10.99 | 203.59 | 0.0 | 7.96 | 430.67 | 0.0 | 2.75 | 366.1 | 0.0 | 1.49 | 365.62 | 0.0 | 0.18 | -5.26 | 0.0 | 11.68 | 173.54 | 0.0 | 81.15 | -15.59 | 0.0 | 39.52 | -33.78 | 0.0 | 60.48 | 49.99 | 0.0 | 0.00 | 100.0 | 0.0 |
| 19Q4 (1) | 0.08 | 0.0 | 0.0 | 8.36 | 0.0 | 0.0 | 2.14 | 0.0 | 0.0 | 3.62 | 0.0 | 0.0 | 1.50 | 0.0 | 0.0 | 0.59 | 0.0 | 0.0 | 0.32 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 4.27 | 0.0 | 0.0 | 96.14 | 0.0 | 0.0 | 59.68 | 0.0 | 0.0 | 40.32 | 0.0 | 0.0 | -2.43 | 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) | 1.34 | 86.11 | 9.30 | -14.13 | 1.37 | -72.76 | 1.36 | 129.94 | 9.45 | 120.79 | 8.09 | 122.87 | 7.06 | 81.03 | 4.35 | 81.25 | 0.53 | -15.87 | 11.11 | 116.57 | 66.87 | 4.08 | 14.68 | -87.5 | 85.57 | 0 | 0.14 | 51.2 | 11.97 | 24.3 |
| 2022 (9) | 0.72 | -54.14 | 10.83 | -7.59 | 5.03 | -6.33 | 0.59 | 50.19 | 4.28 | -58.24 | 3.63 | -52.3 | 3.90 | -56.03 | 2.40 | -50.21 | 0.63 | 1.61 | 5.13 | -52.54 | 64.25 | -17.05 | 117.51 | 124.34 | -17.51 | 0 | 0.09 | 0 | 9.63 | -5.03 |
| 2021 (8) | 1.57 | 9.79 | 11.72 | 54.62 | 5.37 | 63.72 | 0.39 | 6.66 | 10.25 | 80.46 | 7.61 | 37.36 | 8.87 | 28.92 | 4.82 | 33.89 | 0.62 | -20.51 | 10.81 | 73.52 | 77.46 | -21.2 | 52.38 | -9.4 | 47.62 | 12.87 | 0.00 | 0 | 10.14 | 25.03 |
| 2020 (7) | 1.43 | 150.88 | 7.58 | -12.77 | 3.28 | 20.15 | 0.37 | -36.74 | 5.68 | 22.15 | 5.54 | 95.07 | 6.88 | 78.7 | 3.60 | 67.44 | 0.78 | 9.86 | 6.23 | 12.66 | 98.30 | 2.25 | 57.81 | -1.75 | 42.19 | 2.51 | 0.00 | 0 | 8.11 | 36.53 |
| 2019 (6) | 0.57 | -8.06 | 8.69 | -20.06 | 2.73 | -48.3 | 0.58 | 47.68 | 4.65 | -15.45 | 2.84 | -6.58 | 3.85 | -8.55 | 2.15 | -8.9 | 0.71 | 1.43 | 5.53 | -12.64 | 96.14 | 7.13 | 58.84 | -38.7 | 41.16 | 928.91 | 0.00 | 0 | 5.94 | -24.81 |
| 2018 (5) | 0.62 | 21.57 | 10.87 | 14.18 | 5.28 | 40.05 | 0.40 | -21.77 | 5.50 | 21.15 | 3.04 | 1.33 | 4.21 | 21.33 | 2.36 | 12.38 | 0.70 | 14.75 | 6.33 | 11.05 | 89.74 | -12.7 | 96.00 | 15.56 | 4.00 | -76.36 | 0.00 | 0 | 7.90 | -4.93 |
| 2017 (4) | 0.51 | 292.31 | 9.52 | 16.1 | 3.77 | 454.41 | 0.51 | -46.66 | 4.54 | 241.35 | 3.00 | 270.37 | 3.47 | 333.75 | 2.10 | 187.67 | 0.61 | 8.93 | 5.70 | 88.74 | 102.80 | 31.58 | 83.08 | 63.78 | 16.92 | -65.66 | 0.00 | 0 | 8.31 | -15.2 |
| 2016 (3) | 0.13 | 0 | 8.20 | 88.51 | 0.68 | 0 | 0.95 | -49.87 | 1.33 | 0 | 0.81 | 0 | 0.80 | 0 | 0.73 | 0 | 0.56 | 12.0 | 3.02 | 0 | 78.13 | 4.68 | 50.72 | -30.29 | 49.28 | 80.96 | 0.00 | 0 | 9.80 | -6.49 |
| 2015 (2) | -0.51 | 0 | 4.35 | -60.95 | -3.08 | 0 | 1.89 | -12.86 | -4.23 | 0 | -3.47 | 0 | -3.01 | 0 | -1.48 | 0 | 0.50 | -24.24 | -1.57 | 0 | 74.64 | 2.27 | 72.77 | -21.86 | 27.23 | 295.97 | 0.00 | 0 | 10.48 | 13.3 |
| 2014 (1) | 0.53 | -82.51 | 11.14 | 0 | 4.64 | 0 | 2.17 | -9.46 | 4.99 | 0 | 2.76 | 0 | 3.12 | 0 | 2.04 | 0 | 0.66 | 8.2 | 7.65 | -67.0 | 72.98 | 4.62 | 93.12 | 5980.95 | 6.88 | -93.02 | 0.00 | 0 | 9.25 | -7.68 |
