- 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) | 0.89 | 709.09 | 28.99 | 30.12 | -3.34 | -8.37 | 25.93 | 186.52 | 5.75 | 25.98 | 43.77 | 2.0 | 21.36 | 41.74 | -4.9 | 2.69 | 715.15 | 28.1 | 2.17 | 703.7 | 33.13 | 0.10 | 400.0 | 42.86 | 27.72 | -0.79 | 0.4 | 22.85 | -17.06 | -12.01 | 100.00 | 105.56 | 3.7 | 0.32 | -99.34 | -90.97 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.11 | -26.67 | -86.42 | 31.16 | -16.95 | -5.09 | 9.05 | -49.16 | -67.05 | 18.07 | -7.81 | -35.63 | 15.07 | -14.42 | -31.06 | 0.33 | -28.26 | -86.96 | 0.27 | -27.03 | -85.71 | 0.02 | 0.0 | -77.78 | 27.94 | 4.14 | -6.3 | 27.55 | 1.14 | -14.47 | 48.65 | -46.93 | -50.35 | 48.65 | 483.78 | 2316.22 | 25.43 | 24.72 | 330.29 |
| 24Q1 (18) | 0.15 | -51.61 | -88.46 | 37.52 | 17.32 | 14.6 | 17.80 | -13.93 | -38.66 | 19.60 | -21.44 | -34.67 | 17.61 | -20.46 | -32.61 | 0.46 | -51.06 | -88.73 | 0.37 | -51.32 | -87.54 | 0.02 | -33.33 | -81.82 | 26.83 | -9.24 | -14.31 | 27.24 | 16.06 | -23.76 | 91.67 | 10.22 | -5.21 | 8.33 | -50.49 | 152.98 | 20.39 | 59.8 | 420.15 |
| 23Q4 (17) | 0.31 | -55.07 | 675.0 | 31.98 | -2.71 | 43.47 | 20.68 | -15.66 | 51800.0 | 24.95 | -2.04 | 291.68 | 22.14 | -1.42 | 250.87 | 0.94 | -55.24 | 571.43 | 0.76 | -53.37 | 590.91 | 0.03 | -57.14 | 50.0 | 29.56 | 7.06 | 90.71 | 23.47 | -9.63 | -40.91 | 83.17 | -13.75 | 0 | 16.83 | 371.29 | -83.17 | 12.76 | 110.21 | -51.35 |
| 23Q3 (16) | 0.69 | -14.81 | 1.47 | 32.87 | 0.12 | -14.76 | 24.52 | -10.74 | -21.36 | 25.47 | -9.26 | -18.34 | 22.46 | 2.74 | -14.67 | 2.10 | -17.0 | -2.78 | 1.63 | -13.76 | 5.84 | 0.07 | -22.22 | 16.67 | 27.61 | -7.41 | -18.17 | 25.97 | -19.37 | -35.67 | 96.43 | -1.59 | -3.57 | 3.57 | 77.38 | 0 | 6.07 | 2.71 | -14.39 |
| 23Q2 (15) | 0.81 | -37.69 | 17.39 | 32.83 | 0.27 | 27.4 | 27.47 | -5.34 | 28.54 | 28.07 | -6.43 | 40.56 | 21.86 | -16.34 | 106.03 | 2.53 | -37.99 | 13.45 | 1.89 | -36.36 | 22.73 | 0.09 | -18.18 | -35.71 | 29.82 | -4.76 | 42.41 | 32.21 | -9.85 | -24.62 | 97.99 | 1.32 | -8.4 | 2.01 | -38.88 | 128.88 | 5.91 | 50.77 | 66.95 |
| 23Q1 (14) | 1.30 | 3150.0 | -39.25 | 32.74 | 46.88 | 34.9 | 29.02 | 72650.0 | 44.38 | 30.00 | 370.96 | -7.12 | 26.13 | 314.1 | -13.82 | 4.08 | 2814.29 | -42.29 | 2.97 | 2600.0 | -36.13 | 0.11 | 450.0 | -26.67 | 31.31 | 102.0 | -5.35 | 35.73 | -10.05 | -25.16 | 96.71 | 0 | 55.21 | 3.29 | -96.71 | -91.3 | 3.92 | -85.06 | 19.51 |
| 22Q4 (13) | 0.04 | -94.12 | -98.23 | 22.29 | -42.19 | -32.1 | -0.04 | -100.13 | -100.15 | 6.37 | -79.58 | -89.16 | 6.31 | -76.03 | -88.86 | 0.14 | -93.52 | -98.26 | 0.11 | -92.86 | -97.72 | 0.02 | -66.67 | -77.78 | 15.50 | -54.06 | -74.4 | 39.72 | -1.61 | -30.83 | 0.00 | -100.0 | -100.0 | 100.00 | 0 | 83.29 | 26.23 | 269.96 | 455.72 |
| 22Q3 (12) | 0.68 | -1.45 | 78.95 | 38.56 | 49.63 | 91.46 | 31.18 | 45.91 | 144.55 | 31.19 | 56.18 | 172.64 | 26.32 | 148.07 | 143.93 | 2.16 | -3.14 | 51.05 | 1.54 | 0.0 | 90.12 | 0.06 | -57.14 | -14.29 | 33.74 | 61.13 | 139.97 | 40.37 | -5.52 | -48.14 | 100.00 | -6.52 | -10.08 | 0.00 | 100.0 | 100.0 | 7.09 | 100.28 | 33.02 |
| 22Q2 (11) | 0.69 | -67.76 | 0.0 | 25.77 | 6.18 | -18.96 | 21.37 | 6.32 | -11.88 | 19.97 | -38.17 | -19.31 | 10.61 | -65.01 | -50.16 | 2.23 | -68.46 | -14.23 | 1.54 | -66.88 | 6.94 | 0.14 | -6.67 | 100.0 | 20.94 | -36.7 | -24.59 | 42.73 | -10.49 | -47.68 | 106.97 | 71.68 | 8.88 | -6.97 | -118.42 | -417.86 | 3.54 | 7.93 | -50.21 |
| 22Q1 (10) | 2.14 | -5.31 | 448.72 | 24.27 | -26.07 | -19.07 | 20.10 | -24.61 | 2.03 | 32.30 | -45.02 | 68.05 | 30.32 | -46.46 | 89.74 | 7.07 | -12.17 | 371.33 | 4.65 | -3.53 | 460.24 | 0.15 | 66.67 | 200.0 | 33.08 | -45.36 | 43.33 | 47.74 | -16.86 | -42.86 | 62.31 | 37.57 | -39.05 | 37.85 | -30.63 | 1803.08 | 3.28 | -30.51 | -66.43 |
| 21Q4 (9) | 2.26 | 494.74 | 380.85 | 32.83 | 63.01 | 97.3 | 26.66 | 109.1 | 133.86 | 58.75 | 413.55 | 514.54 | 56.63 | 424.84 | 562.34 | 8.05 | 462.94 | 344.75 | 4.82 | 495.06 | 386.87 | 0.09 | 28.57 | -18.18 | 60.54 | 330.58 | 419.66 | 57.42 | -26.24 | -34.73 | 45.29 | -59.27 | -62.09 | 54.56 | 586.83 | 380.32 | 4.72 | -11.44 | 3.74 |
| 21Q3 (8) | 0.38 | -44.93 | 171.43 | 20.14 | -36.67 | -2.23 | 12.75 | -47.42 | 32.26 | 11.44 | -53.78 | 29.71 | 10.79 | -49.32 | 60.8 | 1.43 | -45.0 | 155.36 | 0.81 | -43.75 | 131.43 | 0.07 | 0.0 | 75.0 | 14.06 | -49.37 | 0.21 | 77.85 | -4.68 | -19.97 | 111.21 | 13.19 | 1.78 | -11.21 | -611.03 | -21.03 | 5.33 | -25.04 | -46.97 |
| 21Q2 (7) | 0.69 | 76.92 | 97.14 | 31.80 | 6.04 | 174.37 | 24.25 | 23.1 | 264.66 | 24.75 | 28.77 | 252.56 | 21.29 | 33.23 | 206.33 | 2.60 | 73.33 | 92.59 | 1.44 | 73.49 | 97.26 | 0.07 | 40.0 | -30.0 | 27.77 | 20.32 | 197.96 | 81.67 | -2.25 | -14.99 | 98.25 | -3.89 | 3.47 | 2.19 | 198.68 | -56.58 | 7.11 | -27.23 | 0 |
| 21Q1 (6) | 0.39 | -17.02 | 454.55 | 29.99 | 80.23 | 45.09 | 19.70 | 72.81 | 367.66 | 19.22 | 101.05 | 256.64 | 15.98 | 86.9 | 228.46 | 1.50 | -17.13 | 465.85 | 0.83 | -16.16 | 692.86 | 0.05 | -54.55 | 150.0 | 23.08 | 98.11 | 1776.42 | 83.55 | -5.02 | -21.63 | 102.22 | -14.43 | 70.37 | -2.22 | 88.58 | -105.56 | 9.77 | 114.73 | 0 |
| 20Q4 (5) | 0.47 | 235.71 | 1275.0 | 16.64 | -19.22 | -43.19 | 11.40 | 18.26 | 273.77 | 9.56 | 8.39 | 557.42 | 8.55 | 27.42 | 287.91 | 1.81 | 223.21 | 1164.71 | 0.99 | 182.86 | 10000.0 | 0.11 | 175.0 | 450.0 | 11.65 | -16.96 | -2.18 | 87.97 | -9.57 | -15.6 | 119.46 | 9.34 | 189.6 | -19.46 | -110.2 | -108.34 | 4.55 | -54.73 | -85.99 |
| 20Q3 (4) | 0.14 | -60.0 | 0.0 | 20.60 | 77.74 | 0.0 | 9.64 | 44.96 | 0.0 | 8.82 | 25.64 | 0.0 | 6.71 | -3.45 | 0.0 | 0.56 | -58.52 | 0.0 | 0.35 | -52.05 | 0.0 | 0.04 | -60.0 | 0.0 | 14.03 | 50.54 | 0.0 | 97.28 | 1.26 | 0.0 | 109.26 | 15.07 | 0.0 | -9.26 | -283.33 | 0.0 | 10.05 | 0 | 0.0 |
| 20Q2 (3) | 0.35 | 418.18 | 0.0 | 11.59 | -43.93 | 0.0 | 6.65 | 190.35 | 0.0 | 7.02 | 157.21 | 0.0 | 6.95 | 155.87 | 0.0 | 1.35 | 429.27 | 0.0 | 0.73 | 621.43 | 0.0 | 0.10 | 400.0 | 0.0 | 9.32 | 657.72 | 0.0 | 96.07 | -9.89 | 0.0 | 94.95 | 58.25 | 0.0 | 5.05 | -87.37 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.11 | -175.0 | 0.0 | 20.67 | -29.43 | 0.0 | -7.36 | -341.31 | 0.0 | -12.27 | -487.08 | 0.0 | -12.44 | -173.41 | 0.0 | -0.41 | -141.18 | 0.0 | -0.14 | -1300.0 | 0.0 | 0.02 | 0.0 | 0.0 | 1.23 | -89.67 | 0.0 | 106.61 | 2.28 | 0.0 | 60.00 | 145.0 | 0.0 | 40.00 | -82.86 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.04 | 0.0 | 0.0 | 29.29 | 0.0 | 0.0 | 3.05 | 0.0 | 0.0 | -2.09 | 0.0 | 0.0 | -4.55 | 0.0 | 0.0 | -0.17 | 0.0 | 0.0 | -0.01 | 0.0 | 0.0 | 0.02 | 0.0 | 0.0 | 11.91 | 0.0 | 0.0 | 104.23 | 0.0 | 0.0 | -133.33 | 0.0 | 0.0 | 233.33 | 0.0 | 0.0 | 32.47 | 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) | 3.12 | -12.36 | 32.71 | 21.37 | 26.63 | 24.15 | 1.89 | 33.59 | 27.85 | 6.01 | 23.63 | 12.15 | 9.53 | -18.34 | 7.28 | -7.85 | 0.31 | -16.22 | 29.84 | 7.49 | 23.47 | -40.91 | 95.61 | 17.08 | 4.39 | -76.07 | 0.01 | 6.65 | 5.94 | 20.98 |
| 2022 (9) | 3.56 | -4.3 | 26.95 | -5.93 | 21.45 | 1.9 | 1.41 | -41.47 | 26.27 | -13.61 | 21.07 | -25.15 | 11.67 | -13.36 | 7.90 | -0.13 | 0.37 | 32.14 | 27.76 | -16.16 | 39.72 | -30.83 | 81.66 | 17.96 | 18.34 | -40.41 | 0.01 | 3.55 | 4.91 | -23.4 |
| 2021 (8) | 3.72 | 337.65 | 28.65 | 82.95 | 21.05 | 157.65 | 2.41 | 5.14 | 30.41 | 327.11 | 28.15 | 344.71 | 13.47 | 309.42 | 7.91 | 314.14 | 0.28 | 7.69 | 33.11 | 214.43 | 57.42 | -34.73 | 69.22 | -39.62 | 30.78 | 0 | 0.01 | 6.68 | 6.41 | -2.73 |
| 2020 (7) | 0.85 | 157.58 | 15.66 | -46.66 | 8.17 | -21.74 | 2.29 | -57.44 | 7.12 | 0.85 | 6.33 | 9.52 | 3.29 | 157.03 | 1.91 | 91.0 | 0.26 | 136.36 | 10.53 | -36.83 | 87.97 | -15.6 | 114.65 | -22.44 | -15.02 | 0 | 0.01 | 7.16 | 6.59 | -64.49 |
| 2019 (6) | 0.33 | -59.76 | 29.36 | -3.55 | 10.44 | -34.67 | 5.39 | 38.79 | 7.06 | -41.56 | 5.78 | -44.1 | 1.28 | -59.49 | 1.00 | -53.05 | 0.11 | -31.25 | 16.67 | -16.1 | 104.23 | 6.39 | 147.83 | 11.89 | -47.83 | 0 | 0.01 | -50.84 | 18.56 | 47.89 |
| 2018 (5) | 0.82 | -29.91 | 30.44 | 48.34 | 15.98 | 33.61 | 3.89 | 93.62 | 12.08 | 31.88 | 10.34 | 31.22 | 3.16 | -30.55 | 2.13 | -29.47 | 0.16 | -44.83 | 19.87 | 41.02 | 97.97 | 12.38 | 132.12 | 1.11 | -32.12 | 0 | 0.01 | 0 | 12.55 | 77.01 |
| 2017 (4) | 1.17 | 24.47 | 20.52 | -37.48 | 11.96 | -38.32 | 2.01 | -52.8 | 9.16 | -43.03 | 7.88 | -40.8 | 4.55 | 21.66 | 3.02 | 33.63 | 0.29 | 107.14 | 14.09 | -41.22 | 87.18 | -18.49 | 130.67 | 8.34 | -30.67 | 0 | 0.00 | 0 | 7.09 | -51.67 |
| 2016 (3) | 0.94 | -56.88 | 32.82 | -15.89 | 19.39 | -34.43 | 4.25 | 35.67 | 16.08 | -41.63 | 13.31 | -41.0 | 3.74 | -56.31 | 2.26 | -51.19 | 0.14 | -26.32 | 23.97 | -27.14 | 106.95 | 8.77 | 120.62 | 12.36 | -20.62 | 0 | 0.00 | 0 | 14.67 | 32.76 |
| 2015 (2) | 2.18 | -43.08 | 39.02 | 2.15 | 29.57 | -4.21 | 3.13 | 60.55 | 27.55 | -7.86 | 22.56 | -16.04 | 8.56 | -45.3 | 4.63 | -45.85 | 0.19 | -38.71 | 32.90 | -0.33 | 98.33 | -2.32 | 107.35 | 4.01 | -7.35 | 0 | 0.00 | 0 | 11.05 | 43.69 |
| 2014 (1) | 3.83 | 23.95 | 38.20 | 0 | 30.87 | 0 | 1.95 | 42.87 | 29.90 | 0 | 26.87 | 0 | 15.65 | 0 | 8.55 | 0 | 0.31 | -8.82 | 33.01 | 18.02 | 100.67 | 31.29 | 103.22 | 4.08 | -3.22 | 0 | 0.00 | 0 | 7.69 | 11.61 |
