- 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) | -0.06 | -122.22 | -115.38 | 40.33 | 6.95 | -11.63 | 6.17 | 66.76 | -58.65 | -1.30 | -109.57 | -107.15 | -2.59 | -120.23 | -117.31 | -0.39 | -122.03 | -113.54 | -0.31 | -122.63 | -114.09 | 0.12 | 9.09 | -20.0 | 6.98 | -69.87 | -71.52 | 19.80 | -42.17 | -8.04 | -500.00 | -1933.33 | -733.33 | 600.00 | 725.0 | 3700.0 | 39.44 | -6.45 | 7.76 |
| 24Q2 (19) | 0.27 | -70.0 | -55.0 | 37.71 | -25.69 | -18.96 | 3.70 | -86.01 | -76.45 | 13.58 | -57.08 | -50.04 | 12.80 | -51.39 | -46.33 | 1.77 | -69.74 | -61.27 | 1.37 | -69.89 | -57.05 | 0.11 | -35.29 | -15.38 | 23.17 | -37.11 | -31.19 | 34.24 | 40.1 | -16.08 | 27.27 | -67.27 | -50.91 | 72.73 | 336.36 | 78.51 | 42.16 | 27.6 | 18.43 |
| 24Q1 (18) | 0.90 | -18.92 | 3.45 | 50.75 | 0.42 | -4.35 | 26.44 | 23.55 | -3.71 | 31.64 | -18.07 | 6.86 | 26.33 | -23.03 | 9.43 | 5.85 | -24.61 | -9.58 | 4.55 | -25.16 | -2.78 | 0.17 | -5.56 | -10.53 | 36.84 | -15.6 | 8.23 | 24.44 | -26.07 | -46.73 | 83.33 | 51.23 | -10.26 | 16.67 | -62.88 | 133.33 | 33.04 | -2.39 | 8.04 |
| 23Q4 (17) | 1.11 | 184.62 | 94.74 | 50.54 | 10.74 | 0.08 | 21.40 | 43.43 | 0.38 | 38.62 | 112.43 | 72.41 | 34.21 | 128.68 | 91.22 | 7.76 | 169.44 | 87.44 | 6.08 | 176.36 | 89.41 | 0.18 | 20.0 | 0.0 | 43.65 | 78.09 | 55.89 | 33.06 | 53.55 | 4.95 | 55.10 | -30.2 | -42.86 | 44.90 | 184.35 | 1157.14 | 33.85 | -7.51 | 5.19 |
| 23Q3 (16) | 0.39 | -35.0 | -40.91 | 45.64 | -1.91 | -12.35 | 14.92 | -5.03 | -46.33 | 18.18 | -33.11 | -25.52 | 14.96 | -37.27 | -20.72 | 2.88 | -36.98 | -42.05 | 2.20 | -31.03 | -41.95 | 0.15 | 15.38 | -25.0 | 24.51 | -27.21 | -14.54 | 21.53 | -47.23 | -19.54 | 78.95 | 42.11 | -31.44 | 15.79 | -61.24 | 204.21 | 36.60 | 2.81 | 18.6 |
| 23Q2 (15) | 0.60 | -31.03 | 172.73 | 46.53 | -12.31 | 11.5 | 15.71 | -42.79 | 46.55 | 27.18 | -8.21 | 109.4 | 23.85 | -0.87 | 124.79 | 4.57 | -29.37 | 159.66 | 3.19 | -31.84 | 147.29 | 0.13 | -31.58 | 8.33 | 33.67 | -1.09 | 62.42 | 40.80 | -11.07 | 13.9 | 55.56 | -40.17 | -32.1 | 40.74 | 470.37 | 124.07 | 35.60 | 16.42 | -6.22 |
| 23Q1 (14) | 0.87 | 52.63 | -12.12 | 53.06 | 5.07 | 0.38 | 27.46 | 28.8 | -11.33 | 29.61 | 32.19 | -13.72 | 24.06 | 34.49 | -14.32 | 6.47 | 56.28 | -15.42 | 4.68 | 45.79 | -18.18 | 0.19 | 5.56 | -5.0 | 34.04 | 21.57 | -12.65 | 45.88 | 45.65 | 23.57 | 92.86 | -3.7 | 3.91 | 7.14 | 100.0 | -32.86 | 30.58 | -4.97 | 3.14 |
| 22Q4 (13) | 0.57 | -13.64 | -19.72 | 50.50 | -3.02 | -0.12 | 21.32 | -23.31 | -13.37 | 22.40 | -8.23 | -17.5 | 17.89 | -5.19 | -19.52 | 4.14 | -16.7 | -26.33 | 3.21 | -15.3 | -27.38 | 0.18 | -10.0 | -10.0 | 28.00 | -2.37 | -14.63 | 31.50 | 17.71 | 3.99 | 96.43 | -16.26 | 5.76 | 3.57 | 123.57 | -59.52 | 32.18 | 4.28 | -1.26 |
| 22Q3 (12) | 0.66 | 200.0 | 335.71 | 52.07 | 24.78 | 126.19 | 27.80 | 159.33 | 309.18 | 24.41 | 88.06 | 203.52 | 18.87 | 77.85 | 190.11 | 4.97 | 182.39 | 322.87 | 3.79 | 193.8 | 325.6 | 0.20 | 66.67 | 150.0 | 28.68 | 38.35 | 398.13 | 26.76 | -25.29 | 12.86 | 115.15 | 40.74 | 97.4 | -15.15 | -183.33 | -136.36 | 30.86 | -18.7 | -40.65 |
| 22Q2 (11) | 0.22 | -77.78 | 2100.0 | 41.73 | -21.06 | 58.37 | 10.72 | -65.39 | 170.95 | 12.98 | -62.18 | 615.08 | 10.61 | -62.22 | 2206.52 | 1.76 | -76.99 | 3420.0 | 1.29 | -77.45 | 3125.0 | 0.12 | -40.0 | 50.0 | 20.73 | -46.81 | 136.37 | 35.82 | -3.53 | -12.05 | 81.82 | -8.44 | -90.91 | 18.18 | 70.91 | 102.6 | 37.96 | 28.03 | -25.64 |
| 22Q1 (10) | 0.99 | 39.44 | -7.48 | 52.86 | 4.55 | 4.71 | 30.97 | 25.84 | 11.24 | 34.32 | 26.41 | -8.8 | 28.08 | 26.32 | -12.47 | 7.65 | 36.12 | -5.44 | 5.72 | 29.41 | -1.72 | 0.20 | 0.0 | 11.11 | 38.97 | 18.81 | -10.23 | 37.13 | 22.58 | -19.19 | 89.36 | -1.99 | 21.63 | 10.64 | 20.57 | -59.9 | 29.65 | -9.02 | -2.37 |
| 21Q4 (9) | 0.71 | 353.57 | 14.52 | 50.56 | 119.64 | 1.77 | 24.61 | 285.18 | 3.32 | 27.15 | 215.14 | 12.47 | 22.23 | 206.16 | 14.82 | 5.62 | 352.02 | 21.91 | 4.42 | 363.1 | 23.12 | 0.20 | 150.0 | 5.26 | 32.80 | 440.96 | 10.81 | 30.29 | 27.75 | -7.54 | 91.18 | 56.3 | -8.82 | 8.82 | -78.82 | 0 | 32.59 | -37.33 | -10.86 |
| 21Q3 (8) | -0.28 | -2900.0 | -136.36 | 23.02 | -12.64 | -53.23 | -13.29 | 12.05 | -151.93 | -23.58 | -835.71 | -183.23 | -20.94 | -4652.17 | -188.99 | -2.23 | -4560.0 | -136.74 | -1.68 | -4300.0 | -135.37 | 0.08 | 0.0 | -60.0 | -9.62 | -209.69 | -128.64 | 23.71 | -41.79 | -3.3 | 58.33 | -93.52 | -36.36 | 41.67 | 105.95 | 275.0 | 52.00 | 1.86 | 64.82 |
| 21Q2 (7) | 0.01 | -99.07 | -97.96 | 26.35 | -47.8 | -30.68 | -15.11 | -154.27 | -336.09 | -2.52 | -106.7 | -109.3 | 0.46 | -98.57 | -98.17 | 0.05 | -99.38 | -98.77 | 0.04 | -99.31 | -98.73 | 0.08 | -55.56 | -33.33 | 8.77 | -79.8 | -76.19 | 40.73 | -11.36 | 29.14 | 900.00 | 1125.0 | 3680.0 | -700.00 | -2738.46 | -1018.75 | 51.05 | 68.09 | 0 |
| 21Q1 (6) | 1.07 | 72.58 | 105.77 | 50.48 | 1.61 | 9.67 | 27.84 | 16.88 | 30.03 | 37.63 | 55.88 | 57.98 | 32.08 | 65.7 | 62.35 | 8.09 | 75.49 | 85.98 | 5.82 | 62.12 | 68.7 | 0.18 | -5.26 | 5.88 | 43.41 | 46.66 | 39.72 | 45.95 | 40.26 | 72.61 | 73.47 | -26.53 | -16.51 | 26.53 | 0 | 231.63 | 30.37 | -16.93 | -10.76 |
| 20Q4 (5) | 0.62 | -19.48 | 169.57 | 49.68 | 0.93 | 20.85 | 23.82 | -6.92 | 106.59 | 24.14 | -14.79 | 107.03 | 19.36 | -17.72 | 107.95 | 4.61 | -24.05 | 141.36 | 3.59 | -24.42 | 130.13 | 0.19 | -5.0 | 11.76 | 29.60 | -11.88 | 49.57 | 32.76 | 33.61 | 26.19 | 100.00 | 9.09 | 0.0 | 0.00 | -100.0 | 0 | 36.56 | 15.88 | 0 |
| 20Q3 (4) | 0.77 | 57.14 | 0.0 | 49.22 | 29.49 | 0.0 | 25.59 | 299.84 | 0.0 | 28.33 | 4.5 | 0.0 | 23.53 | -6.63 | 0.0 | 6.07 | 49.51 | 0.0 | 4.75 | 50.79 | 0.0 | 0.20 | 66.67 | 0.0 | 33.59 | -8.82 | 0.0 | 24.52 | -22.26 | 0.0 | 91.67 | 285.0 | 0.0 | 11.11 | -85.42 | 0.0 | 31.55 | 0 | 0.0 |
| 20Q2 (3) | 0.49 | -5.77 | 0.0 | 38.01 | -17.42 | 0.0 | 6.40 | -70.11 | 0.0 | 27.11 | 13.81 | 0.0 | 25.20 | 27.53 | 0.0 | 4.06 | -6.67 | 0.0 | 3.15 | -8.7 | 0.0 | 0.12 | -29.41 | 0.0 | 36.84 | 18.57 | 0.0 | 31.54 | 18.48 | 0.0 | 23.81 | -72.94 | 0.0 | 76.19 | 852.38 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.52 | 126.09 | 0.0 | 46.03 | 11.97 | 0.0 | 21.41 | 85.69 | 0.0 | 23.82 | 104.29 | 0.0 | 19.76 | 112.24 | 0.0 | 4.35 | 127.75 | 0.0 | 3.45 | 121.15 | 0.0 | 0.17 | 0.0 | 0.0 | 31.07 | 57.0 | 0.0 | 26.62 | 2.54 | 0.0 | 88.00 | -12.0 | 0.0 | 8.00 | 0 | 0.0 | 34.03 | 0 | 0.0 |
| 19Q4 (1) | 0.23 | 0.0 | 0.0 | 41.11 | 0.0 | 0.0 | 11.53 | 0.0 | 0.0 | 11.66 | 0.0 | 0.0 | 9.31 | 0.0 | 0.0 | 1.91 | 0.0 | 0.0 | 1.56 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 19.79 | 0.0 | 0.0 | 25.96 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | 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) | 2.98 | 22.13 | 49.39 | -1.44 | 20.62 | -14.37 | 5.35 | 2.57 | 29.05 | 17.37 | 24.78 | 25.03 | 20.50 | 14.27 | 15.50 | 13.14 | 0.63 | -8.7 | 34.26 | 13.97 | 33.06 | 4.95 | 70.59 | -27.57 | 28.68 | 1027.94 | 0.00 | 0 | 33.83 | 5.46 |
| 2022 (9) | 2.44 | 61.59 | 50.11 | 17.05 | 24.08 | 70.42 | 5.22 | -30.02 | 24.75 | 30.19 | 19.82 | 22.5 | 17.94 | 59.47 | 13.70 | 60.05 | 0.69 | 30.19 | 30.06 | 13.35 | 31.50 | 3.99 | 97.46 | 31.85 | 2.54 | -90.25 | 0.00 | 0 | 32.08 | -14.34 |
| 2021 (8) | 1.51 | -37.34 | 42.81 | -8.17 | 14.13 | -31.74 | 7.46 | 10.85 | 19.01 | -26.4 | 16.18 | -25.51 | 11.25 | -39.58 | 8.56 | -40.47 | 0.53 | -19.7 | 26.52 | -18.35 | 30.29 | -7.54 | 73.91 | -7.82 | 26.09 | 31.62 | 0.00 | 0 | 37.45 | 5.82 |
| 2020 (7) | 2.41 | 180.23 | 46.62 | 18.72 | 20.70 | 98.09 | 6.73 | -20.6 | 25.83 | 125.59 | 21.72 | 130.82 | 18.62 | 160.78 | 14.38 | 150.96 | 0.66 | 8.2 | 32.48 | 64.29 | 32.76 | 26.19 | 80.18 | -13.32 | 19.82 | 98.2 | 0.00 | 0 | 35.39 | -8.58 |
| 2019 (6) | 0.86 | 65.38 | 39.27 | 7.65 | 10.45 | 42.95 | 8.47 | -13.14 | 11.45 | 56.63 | 9.41 | 53.51 | 7.14 | 61.54 | 5.73 | 60.5 | 0.61 | 5.17 | 19.77 | 15.82 | 25.96 | 9.72 | 92.50 | -7.5 | 10.00 | 0 | 0.00 | 0 | 38.71 | -2.62 |
| 2018 (5) | 0.52 | 188.89 | 36.48 | 1.28 | 7.31 | 176.89 | 9.76 | -4.72 | 7.31 | 135.81 | 6.13 | 154.36 | 4.42 | 179.75 | 3.57 | 178.91 | 0.58 | 9.43 | 17.07 | 28.25 | 23.66 | -1.62 | 100.00 | 12.5 | 0.00 | 0 | 0.00 | 0 | 39.75 | -4.61 |
| 2017 (4) | 0.18 | -43.75 | 36.02 | -2.25 | 2.64 | -32.82 | 10.24 | 15.09 | 3.10 | -37.88 | 2.41 | -46.33 | 1.58 | -42.55 | 1.28 | -43.36 | 0.53 | 6.0 | 13.31 | -4.11 | 24.05 | 6.94 | 88.89 | 13.13 | 11.11 | -48.15 | 0.00 | 0 | 41.67 | 2.41 |
| 2016 (3) | 0.32 | -69.52 | 36.85 | -12.43 | 3.93 | -71.87 | 8.90 | 9.07 | 4.99 | -66.53 | 4.49 | -63.76 | 2.75 | -68.06 | 2.26 | -68.12 | 0.50 | -12.28 | 13.88 | -39.55 | 22.49 | 7.04 | 78.57 | -16.3 | 21.43 | 250.0 | 0.00 | 0 | 40.69 | 13.31 |
| 2015 (2) | 1.05 | -27.08 | 42.08 | -7.48 | 13.97 | -23.24 | 8.16 | 2.26 | 14.91 | -21.98 | 12.39 | -22.03 | 8.61 | -27.1 | 7.09 | -27.36 | 0.57 | -6.56 | 22.96 | -15.18 | 21.01 | -3.45 | 93.88 | -1.72 | 6.12 | 36.73 | 0.00 | 0 | 35.91 | 7.87 |
| 2014 (1) | 1.44 | 33.33 | 45.48 | 0 | 18.20 | 0 | 7.98 | -11.11 | 19.11 | 0 | 15.89 | 0 | 11.81 | 0 | 9.76 | 0 | 0.61 | 12.96 | 27.07 | 8.28 | 21.76 | 7.56 | 95.52 | 1.62 | 4.48 | -25.37 | 0.00 | 0 | 33.29 | -2.09 |
