- 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) | 1.14 | -10.94 | 0.0 | 24.27 | -23.99 | -14.81 | 17.64 | -26.32 | -20.14 | 17.07 | -20.35 | -21.77 | 13.25 | -23.05 | -27.91 | 1.73 | -8.95 | -2.81 | 0.70 | -13.58 | 2.94 | 0.05 | 0.0 | 25.0 | 17.35 | -20.08 | -21.67 | 154.26 | 4.46 | -9.19 | 103.29 | -7.5 | 1.99 | -3.29 | 71.82 | -158.31 | 2.32 | -18.6 | -14.07 |
| 24Q2 (19) | 1.28 | 326.67 | 6300.0 | 31.93 | -15.91 | 21.27 | 23.94 | 17.35 | 103.05 | 21.43 | 3.88 | 36.32 | 17.22 | 7.76 | 1693.75 | 1.90 | 341.86 | 6233.33 | 0.81 | 305.0 | 3950.0 | 0.05 | 400.0 | 400.0 | 21.71 | 0.09 | 28.54 | 147.67 | 18.23 | -8.27 | 111.66 | 12.67 | 48.27 | -11.66 | -1406.26 | -147.24 | 2.85 | -70.53 | -70.77 |
| 24Q1 (18) | 0.30 | -93.58 | -40.0 | 37.97 | 25.98 | 3.91 | 20.40 | -16.15 | -21.48 | 20.63 | -17.31 | -23.19 | 15.98 | -19.42 | -28.41 | 0.43 | -93.83 | -40.28 | 0.20 | -92.91 | -37.5 | 0.01 | -92.86 | 0.0 | 21.69 | -13.45 | -21.73 | 124.90 | -1.42 | -6.39 | 99.11 | 1.67 | 2.65 | 0.89 | -64.58 | -74.11 | 9.67 | 986.52 | 26.9 |
| 23Q4 (17) | 4.67 | 309.65 | 54.13 | 30.14 | 5.79 | -31.23 | 24.33 | 10.14 | -30.31 | 24.95 | 14.34 | -39.25 | 19.83 | 7.89 | -40.65 | 6.97 | 291.57 | 54.2 | 2.82 | 314.71 | 45.36 | 0.14 | 250.0 | 133.33 | 25.06 | 13.14 | -39.32 | 126.70 | -25.42 | -5.32 | 97.48 | -3.75 | 14.66 | 2.52 | 298.11 | -83.18 | 0.89 | -67.04 | -63.07 |
| 23Q3 (16) | 1.14 | 5600.0 | 15.15 | 28.49 | 8.2 | -33.77 | 22.09 | 87.36 | -37.95 | 21.82 | 38.8 | -40.25 | 18.38 | 1814.58 | -38.11 | 1.78 | 5833.33 | 16.34 | 0.68 | 3300.0 | 1.49 | 0.04 | 300.0 | 100.0 | 22.15 | 31.14 | -39.99 | 169.88 | 5.53 | 26.46 | 101.27 | 34.48 | 3.91 | -1.27 | -105.15 | -150.04 | 2.70 | -72.31 | -39.73 |
| 23Q2 (15) | 0.02 | -96.0 | -98.66 | 26.33 | -27.94 | -36.71 | 11.79 | -54.62 | -65.51 | 15.72 | -41.47 | -54.12 | 0.96 | -95.7 | -96.71 | 0.03 | -95.83 | -98.67 | 0.02 | -93.75 | -98.06 | 0.01 | 0.0 | -75.0 | 16.89 | -39.05 | -50.96 | 160.98 | 20.65 | 25.78 | 75.31 | -22.0 | -24.54 | 24.69 | 616.05 | 12418.52 | 9.75 | 27.95 | 243.31 |
| 23Q1 (14) | 0.50 | -83.5 | -88.43 | 36.54 | -16.63 | -19.25 | 25.98 | -25.58 | -38.29 | 26.86 | -34.6 | -36.26 | 22.32 | -33.19 | -35.47 | 0.72 | -84.07 | -89.12 | 0.32 | -83.51 | -89.44 | 0.01 | -83.33 | -88.89 | 27.71 | -32.91 | -34.35 | 133.43 | -0.29 | 21.19 | 96.55 | 13.57 | -3.38 | 3.45 | -76.99 | 2531.03 | 7.62 | 216.18 | 612.15 |
| 22Q4 (13) | 3.03 | 206.06 | -16.76 | 43.83 | 1.88 | 7.22 | 34.91 | -1.94 | -2.54 | 41.07 | 12.46 | 10.58 | 33.41 | 12.49 | 11.07 | 4.52 | 195.42 | -24.03 | 1.94 | 189.55 | -25.95 | 0.06 | 200.0 | -33.33 | 41.30 | 11.89 | 10.31 | 133.82 | -0.39 | 4.21 | 85.01 | -12.77 | -11.88 | 14.99 | 489.45 | 324.82 | 2.41 | -46.21 | 79.85 |
| 22Q3 (12) | 0.99 | -33.56 | 3400.0 | 43.02 | 3.41 | 76.6 | 35.60 | 4.15 | 176.18 | 36.52 | 6.6 | 212.67 | 29.70 | 1.82 | 1468.66 | 1.53 | -32.3 | 3160.0 | 0.67 | -34.95 | 0 | 0.02 | -50.0 | 100.0 | 36.91 | 7.17 | 150.58 | 134.34 | 4.96 | 3.25 | 97.46 | -2.35 | -12.29 | 2.54 | 1188.98 | 122.88 | 4.48 | 57.75 | -55.51 |
| 22Q2 (11) | 1.49 | -65.51 | 2383.33 | 41.60 | -8.07 | 117.46 | 34.18 | -18.81 | 566.28 | 34.26 | -18.7 | 242.94 | 29.17 | -15.67 | 336.02 | 2.26 | -65.86 | 2411.11 | 1.03 | -66.01 | 1960.0 | 0.04 | -55.56 | 300.0 | 34.44 | -18.41 | 218.59 | 127.99 | 16.25 | 31.29 | 99.80 | -0.13 | 99.61 | 0.20 | 50.49 | -99.61 | 2.84 | 165.42 | -81.14 |
| 22Q1 (10) | 4.32 | 18.68 | 483.78 | 45.25 | 10.69 | 18.02 | 42.10 | 17.53 | 47.93 | 42.14 | 13.46 | 21.48 | 34.59 | 14.99 | 11.33 | 6.62 | 11.26 | 470.69 | 3.03 | 15.65 | 380.95 | 0.09 | 0.0 | 350.0 | 42.21 | 12.74 | 20.7 | 110.10 | -14.26 | 25.28 | 99.93 | 3.59 | 21.75 | 0.13 | -96.28 | -99.27 | 1.07 | -20.15 | -79.96 |
| 21Q4 (9) | 3.64 | 12233.33 | -8.31 | 40.88 | 67.82 | 50.29 | 35.82 | 177.89 | 56.56 | 37.14 | 217.98 | 47.09 | 30.08 | 1486.18 | 21.93 | 5.95 | 12000.0 | -7.89 | 2.62 | 0 | -22.94 | 0.09 | 800.0 | -35.71 | 37.44 | 154.18 | 47.98 | 128.41 | -1.31 | 51.21 | 96.47 | -13.17 | 6.48 | 3.53 | 131.75 | -62.47 | 1.34 | -86.69 | 61.45 |
| 21Q3 (8) | -0.03 | -150.0 | -102.91 | 24.36 | 27.34 | -24.3 | 12.89 | 151.27 | -50.63 | 11.68 | 16.92 | -65.04 | -2.17 | -132.44 | -107.08 | -0.05 | -155.56 | -102.84 | 0.00 | -100.0 | -100.0 | 0.01 | 0.0 | -66.67 | 14.73 | 36.26 | -56.25 | 130.11 | 33.46 | 36.07 | 111.11 | 122.22 | 41.93 | -11.11 | -122.22 | -150.46 | 10.07 | -33.13 | 177.41 |
| 21Q2 (7) | 0.06 | -91.89 | -92.5 | 19.13 | -50.1 | -46.37 | 5.13 | -81.97 | -81.63 | 9.99 | -71.2 | -69.01 | 6.69 | -78.47 | -72.21 | 0.09 | -92.24 | -93.13 | 0.05 | -92.06 | -93.59 | 0.01 | -50.0 | -66.67 | 10.81 | -69.09 | -66.71 | 97.49 | 10.94 | 20.4 | 50.00 | -39.09 | -42.25 | 50.00 | 179.07 | 272.62 | 15.06 | 182.02 | 0 |
| 21Q1 (6) | 0.74 | -81.36 | -76.95 | 38.34 | 40.96 | -5.17 | 28.46 | 24.39 | -19.4 | 34.69 | 37.39 | -7.69 | 31.07 | 25.94 | -14.29 | 1.16 | -82.04 | -77.43 | 0.63 | -81.47 | -79.87 | 0.02 | -85.71 | -77.78 | 34.97 | 38.22 | -7.14 | 87.88 | 3.49 | 53.26 | 82.08 | -9.4 | -12.68 | 17.92 | 90.63 | 198.71 | 5.34 | 543.37 | 337.7 |
| 20Q4 (5) | 3.97 | 285.44 | 15.07 | 27.20 | -15.48 | -22.66 | 22.88 | -12.37 | -19.07 | 25.25 | -24.42 | -22.4 | 24.67 | -19.54 | -21.53 | 6.46 | 267.05 | 10.24 | 3.40 | 261.7 | 1.8 | 0.14 | 366.67 | 27.27 | 25.30 | -24.86 | -22.44 | 84.92 | -11.19 | 18.34 | 90.60 | 15.73 | 4.22 | 9.40 | -57.31 | -28.58 | 0.83 | -77.13 | -35.66 |
| 20Q3 (4) | 1.03 | 28.75 | 0.0 | 32.18 | -9.78 | 0.0 | 26.11 | -6.52 | 0.0 | 33.41 | 3.63 | 0.0 | 30.66 | 27.38 | 0.0 | 1.76 | 34.35 | 0.0 | 0.94 | 20.51 | 0.0 | 0.03 | 0.0 | 0.0 | 33.67 | 3.7 | 0.0 | 95.62 | 18.09 | 0.0 | 78.29 | -9.58 | 0.0 | 22.02 | 64.09 | 0.0 | 3.63 | 0 | 0.0 |
| 20Q2 (3) | 0.80 | -75.08 | 0.0 | 35.67 | -11.77 | 0.0 | 27.93 | -20.9 | 0.0 | 32.24 | -14.21 | 0.0 | 24.07 | -33.6 | 0.0 | 1.31 | -74.51 | 0.0 | 0.78 | -75.08 | 0.0 | 0.03 | -66.67 | 0.0 | 32.47 | -13.78 | 0.0 | 80.97 | 41.21 | 0.0 | 86.58 | -7.89 | 0.0 | 13.42 | 123.72 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 3.21 | -6.96 | 0.0 | 40.43 | 14.96 | 0.0 | 35.31 | 24.9 | 0.0 | 37.58 | 15.49 | 0.0 | 36.25 | 15.3 | 0.0 | 5.14 | -12.29 | 0.0 | 3.13 | -6.29 | 0.0 | 0.09 | -18.18 | 0.0 | 37.66 | 15.45 | 0.0 | 57.34 | -20.09 | 0.0 | 94.00 | 8.13 | 0.0 | 6.00 | -54.42 | 0.0 | 1.22 | -5.43 | 0.0 |
| 19Q4 (1) | 3.45 | 0.0 | 0.0 | 35.17 | 0.0 | 0.0 | 28.27 | 0.0 | 0.0 | 32.54 | 0.0 | 0.0 | 31.44 | 0.0 | 0.0 | 5.86 | 0.0 | 0.0 | 3.34 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | 32.62 | 0.0 | 0.0 | 71.76 | 0.0 | 0.0 | 86.94 | 0.0 | 0.0 | 13.16 | 0.0 | 0.0 | 1.29 | 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) | 6.32 | -35.64 | 30.06 | -31.6 | 23.37 | -38.26 | 0.02 | -11.17 | 24.02 | -39.72 | 18.74 | -42.81 | 9.18 | -38.6 | 4.02 | -38.06 | 0.21 | 5.0 | 24.26 | -39.41 | 126.70 | -5.32 | 97.32 | 2.46 | 2.72 | -45.77 | 0.00 | 0 | 2.13 | -1.39 |
| 2022 (9) | 9.82 | 122.68 | 43.95 | 15.54 | 37.85 | 20.93 | 0.02 | -44.29 | 39.85 | 19.63 | 32.77 | 24.13 | 14.95 | 114.18 | 6.49 | 89.21 | 0.20 | 53.85 | 40.04 | 18.25 | 133.82 | 4.21 | 94.98 | 1.05 | 5.02 | -16.49 | 0.00 | 0 | 2.16 | -35.33 |
| 2021 (8) | 4.41 | -51.11 | 38.04 | 17.66 | 31.30 | 14.95 | 0.04 | 89.69 | 33.31 | 9.9 | 26.40 | -7.3 | 6.98 | -51.9 | 3.43 | -57.91 | 0.13 | -55.17 | 33.86 | 11.34 | 128.41 | 51.21 | 93.99 | 4.58 | 6.01 | -40.85 | 0.00 | 0 | 3.34 | 119.74 |
| 2020 (7) | 9.02 | -17.47 | 32.33 | -16.13 | 27.23 | -17.21 | 0.02 | 4.57 | 30.31 | -14.79 | 28.48 | -13.64 | 14.51 | -21.74 | 8.15 | -25.23 | 0.29 | -12.12 | 30.41 | -14.72 | 84.92 | 18.34 | 89.88 | -2.79 | 10.15 | 34.64 | 0.00 | 0 | 1.52 | 5.56 |
| 2019 (6) | 10.93 | -23.78 | 38.55 | 0.6 | 32.89 | -5.46 | 0.02 | 151.74 | 35.57 | -3.0 | 32.98 | -4.13 | 18.54 | -32.39 | 10.90 | -24.15 | 0.33 | -21.43 | 35.66 | -2.86 | 71.76 | 4.27 | 92.46 | -2.54 | 7.54 | 46.83 | 0.00 | 0 | 1.44 | 42.57 |
| 2018 (5) | 14.34 | 36.83 | 38.32 | -9.41 | 34.79 | -9.09 | 0.01 | -42.4 | 36.67 | -21.78 | 34.40 | -21.16 | 27.42 | 18.5 | 14.37 | 38.04 | 0.42 | 75.0 | 36.71 | -21.91 | 68.82 | -41.24 | 94.86 | 16.19 | 5.14 | -72.06 | 0.00 | 0 | 1.01 | -41.28 |
| 2017 (4) | 10.48 | 8.15 | 42.30 | 49.84 | 38.27 | 60.13 | 0.01 | -24.02 | 46.88 | -13.65 | 43.63 | -16.85 | 23.14 | -7.44 | 10.41 | 6.44 | 0.24 | 26.32 | 47.01 | -13.65 | 117.13 | -9.19 | 81.65 | 85.48 | 18.38 | -67.16 | 0.00 | 0 | 1.72 | -20.0 |
| 2016 (3) | 9.69 | 297.13 | 28.23 | -22.93 | 23.90 | -10.92 | 0.02 | -41.19 | 54.29 | 119.53 | 52.47 | 143.93 | 25.00 | 271.47 | 9.78 | 274.71 | 0.19 | 72.73 | 54.44 | 102.68 | 128.99 | -32.08 | 44.02 | -59.4 | 55.98 | 0 | 0.00 | 0 | 2.15 | -38.75 |
| 2015 (2) | 2.44 | -66.2 | 36.63 | -26.48 | 26.83 | -30.94 | 0.03 | 67.17 | 24.73 | -34.94 | 21.51 | -40.58 | 6.73 | -64.24 | 2.61 | -65.15 | 0.11 | -45.0 | 26.86 | -31.11 | 189.92 | 14.2 | 108.43 | 6.07 | -8.43 | 0 | 0.00 | 0 | 3.51 | 62.5 |
| 2014 (1) | 7.22 | -64.54 | 49.82 | 0 | 38.85 | 0 | 0.02 | -47.32 | 38.01 | 0 | 36.20 | 0 | 18.82 | 0 | 7.49 | 0 | 0.20 | -48.72 | 38.99 | -40.03 | 166.30 | 13.52 | 102.22 | 1.52 | -2.22 | 0 | 0.00 | 0 | 2.16 | 75.61 |
