- 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) | 1.18 | -16.9 | -25.32 | 13.58 | -12.5 | 20.28 | 10.57 | -14.41 | 17.97 | 10.74 | -17.76 | 2.38 | 8.81 | -13.71 | 1.85 | 5.51 | -19.68 | -34.09 | 1.96 | -17.99 | -35.95 | 0.22 | -4.35 | -37.14 | 11.15 | -17.22 | 3.34 | 178.74 | -7.0 | 9.92 | 98.23 | 4.42 | 15.14 | 1.77 | -65.87 | -87.95 | 8.02 | -4.18 | 33.22 |
| 24Q2 (19) | 1.42 | 49.47 | 36.54 | 15.52 | 51.71 | 59.34 | 12.35 | 57.32 | 60.6 | 13.06 | 49.09 | 76.96 | 10.21 | 42.8 | 74.53 | 6.86 | 48.48 | 22.06 | 2.39 | 27.13 | 17.16 | 0.23 | -11.54 | -32.35 | 13.47 | 46.57 | 75.16 | 192.20 | 1.93 | 0.14 | 94.07 | 4.93 | -9.73 | 5.19 | -49.88 | 223.15 | 8.37 | 7.31 | 32.44 |
| 24Q1 (18) | 0.95 | -49.47 | 18.75 | 10.23 | -26.93 | 14.94 | 7.85 | -27.04 | 19.3 | 8.76 | -17.51 | 23.55 | 7.15 | -15.48 | 25.0 | 4.62 | -48.95 | 4.05 | 1.88 | -50.79 | 16.77 | 0.26 | -42.22 | -7.14 | 9.19 | -15.3 | 24.02 | 188.56 | 60.61 | 13.35 | 89.66 | -11.86 | -3.65 | 10.34 | 1005.17 | 48.97 | 7.80 | 12.23 | 7.0 |
| 23Q4 (17) | 1.88 | 18.99 | 224.14 | 14.00 | 24.0 | 54.02 | 10.76 | 20.09 | 73.83 | 10.62 | 1.24 | 77.3 | 8.46 | -2.2 | 71.26 | 9.05 | 8.25 | 168.55 | 3.82 | 24.84 | 191.6 | 0.45 | 28.57 | 73.08 | 10.85 | 0.56 | 68.48 | 117.40 | -27.8 | -38.87 | 101.71 | 19.22 | -2.12 | -1.14 | -107.78 | 70.86 | 6.95 | 15.45 | -22.26 |
| 23Q3 (16) | 1.58 | 51.92 | 251.11 | 11.29 | 15.91 | 5.22 | 8.96 | 16.51 | 49.83 | 10.49 | 42.14 | 38.39 | 8.65 | 47.86 | 46.11 | 8.36 | 48.75 | 216.67 | 3.06 | 50.0 | 155.0 | 0.35 | 2.94 | 75.0 | 10.79 | 40.31 | 32.88 | 162.61 | -15.28 | 24.4 | 85.31 | -18.13 | 9.31 | 14.69 | 448.78 | -33.1 | 6.02 | -4.75 | -45.72 |
| 23Q2 (15) | 1.04 | 30.0 | 141.86 | 9.74 | 9.44 | 16.23 | 7.69 | 16.87 | 45.92 | 7.38 | 4.09 | 7.58 | 5.85 | 2.27 | 7.93 | 5.62 | 26.58 | 121.26 | 2.04 | 26.71 | 72.88 | 0.34 | 21.43 | 61.9 | 7.69 | 3.78 | 4.63 | 191.93 | 15.38 | 64.04 | 104.21 | 11.99 | 36.55 | -4.21 | -160.63 | -117.78 | 6.32 | -13.31 | -42.6 |
| 23Q1 (14) | 0.80 | 37.93 | 128.57 | 8.90 | -2.09 | 20.6 | 6.58 | 6.3 | 60.88 | 7.09 | 18.36 | 25.93 | 5.72 | 15.79 | 17.94 | 4.44 | 31.75 | 113.46 | 1.61 | 22.9 | 62.63 | 0.28 | 7.69 | 40.0 | 7.41 | 15.06 | 20.68 | 166.35 | -13.38 | 39.63 | 93.06 | -10.46 | 24.07 | 6.94 | 277.08 | -75.69 | 7.29 | -18.46 | -36.83 |
| 22Q4 (13) | 0.58 | 28.89 | 16.0 | 9.09 | -15.28 | -9.55 | 6.19 | 3.51 | 0.16 | 5.99 | -20.98 | -2.44 | 4.94 | -16.55 | -10.99 | 3.37 | 27.65 | 10.13 | 1.31 | 9.17 | -12.67 | 0.26 | 30.0 | -3.7 | 6.44 | -20.69 | -0.46 | 192.04 | 46.91 | 83.95 | 103.92 | 33.15 | 3.92 | -3.92 | -117.86 | 0 | 8.94 | -19.39 | -4.79 |
| 22Q3 (12) | 0.45 | 4.65 | 114.29 | 10.73 | 28.04 | 74.19 | 5.98 | 13.47 | 113.57 | 7.58 | 10.5 | 91.41 | 5.92 | 9.23 | 87.94 | 2.64 | 3.94 | 104.65 | 1.20 | 1.69 | 84.62 | 0.20 | -4.76 | -4.76 | 8.12 | 10.48 | 80.04 | 130.72 | 11.73 | 25.23 | 78.05 | 2.27 | 8.07 | 21.95 | -7.32 | -20.98 | 11.09 | 0.73 | -5.46 |
| 22Q2 (11) | 0.43 | 22.86 | 616.67 | 8.38 | 13.55 | 42.28 | 5.27 | 28.85 | 123.31 | 6.86 | 21.85 | 386.52 | 5.42 | 11.75 | 397.25 | 2.54 | 22.12 | 568.42 | 1.18 | 19.19 | 521.05 | 0.21 | 5.0 | 16.67 | 7.35 | 19.71 | 260.29 | 117.00 | -1.8 | 23.7 | 76.32 | 1.75 | -49.12 | 23.68 | -17.11 | 135.53 | 11.01 | -4.59 | -22.03 |
| 22Q1 (10) | 0.35 | -30.0 | 1650.0 | 7.38 | -26.57 | 48.79 | 4.09 | -33.82 | 1102.94 | 5.63 | -8.31 | 766.15 | 4.85 | -12.61 | 832.69 | 2.08 | -32.03 | 1385.71 | 0.99 | -34.0 | 1137.5 | 0.20 | -25.93 | 42.86 | 6.14 | -5.1 | 272.12 | 119.14 | 14.12 | 29.88 | 75.00 | -25.0 | 50.0 | 28.57 | 0 | -42.86 | 11.54 | 22.9 | -35.53 |
| 21Q4 (9) | 0.50 | 138.1 | 525.0 | 10.05 | 63.15 | 34.0 | 6.18 | 120.71 | 245.25 | 6.14 | 55.05 | 146.59 | 5.55 | 76.19 | 168.12 | 3.06 | 137.21 | 488.46 | 1.50 | 130.77 | 455.56 | 0.27 | 28.57 | 107.69 | 6.47 | 43.46 | 107.37 | 104.40 | 0.02 | 28.43 | 100.00 | 38.46 | 40.0 | 0.00 | -100.0 | -100.0 | 9.39 | -19.95 | -51.5 |
| 21Q3 (8) | 0.21 | 250.0 | 250.0 | 6.16 | 4.58 | 1887.1 | 2.80 | 18.64 | 176.92 | 3.96 | 180.85 | 215.45 | 3.15 | 188.99 | 201.29 | 1.29 | 239.47 | 248.28 | 0.65 | 242.11 | 266.67 | 0.21 | 16.67 | 61.54 | 4.51 | 121.08 | 278.97 | 104.38 | 10.36 | -5.79 | 72.22 | -51.85 | -33.8 | 27.78 | 141.67 | 405.56 | 11.73 | -16.93 | -18.71 |
| 21Q2 (7) | 0.06 | 200.0 | -66.67 | 5.89 | 18.75 | -41.04 | 2.36 | 594.12 | -64.3 | 1.41 | 116.92 | -77.69 | 1.09 | 109.62 | -60.93 | 0.38 | 171.43 | -64.15 | 0.19 | 137.5 | -66.67 | 0.18 | 28.57 | -10.0 | 2.04 | 23.64 | -70.69 | 94.58 | 3.11 | -13.49 | 150.00 | 200.0 | 39.66 | -66.67 | -233.33 | -1700.0 | 14.12 | -21.12 | 0 |
| 21Q1 (6) | 0.02 | -75.0 | -83.33 | 4.96 | -33.87 | 57.46 | 0.34 | -81.01 | -71.67 | 0.65 | -73.9 | -47.15 | 0.52 | -74.88 | -47.47 | 0.14 | -73.08 | -79.71 | 0.08 | -70.37 | -80.49 | 0.14 | 7.69 | -64.1 | 1.65 | -47.12 | 1.85 | 91.73 | 12.84 | 22.29 | 50.00 | -30.0 | -50.0 | 50.00 | 75.0 | 0 | 17.90 | -7.54 | 163.24 |
| 20Q4 (5) | 0.08 | 157.14 | -80.95 | 7.50 | 2319.35 | -37.4 | 1.79 | 149.18 | -77.87 | 2.49 | 172.59 | -62.72 | 2.07 | 166.56 | -60.94 | 0.52 | 159.77 | -79.53 | 0.27 | 169.23 | -80.29 | 0.13 | 0.0 | -50.0 | 3.12 | 223.81 | -55.49 | 81.29 | -26.63 | -0.23 | 71.43 | -34.52 | -41.56 | 28.57 | 414.29 | 228.57 | 19.36 | 34.16 | 93.79 |
| 20Q3 (4) | -0.14 | -177.78 | 0.0 | 0.31 | -96.9 | 0.0 | -3.64 | -155.07 | 0.0 | -3.43 | -154.27 | 0.0 | -3.11 | -211.47 | 0.0 | -0.87 | -182.08 | 0.0 | -0.39 | -168.42 | 0.0 | 0.13 | -35.0 | 0.0 | -2.52 | -136.21 | 0.0 | 110.79 | 1.34 | 0.0 | 109.09 | 1.57 | 0.0 | -9.09 | -145.45 | 0.0 | 14.43 | 0 | 0.0 |
| 20Q2 (3) | 0.18 | 50.0 | 0.0 | 9.99 | 217.14 | 0.0 | 6.61 | 450.83 | 0.0 | 6.32 | 413.82 | 0.0 | 2.79 | 181.82 | 0.0 | 1.06 | 53.62 | 0.0 | 0.57 | 39.02 | 0.0 | 0.20 | -48.72 | 0.0 | 6.96 | 329.63 | 0.0 | 109.33 | 45.75 | 0.0 | 107.41 | 7.41 | 0.0 | -3.70 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.12 | -71.43 | 0.0 | 3.15 | -73.71 | 0.0 | 1.20 | -85.17 | 0.0 | 1.23 | -81.59 | 0.0 | 0.99 | -81.32 | 0.0 | 0.69 | -72.83 | 0.0 | 0.41 | -70.07 | 0.0 | 0.39 | 50.0 | 0.0 | 1.62 | -76.89 | 0.0 | 75.01 | -7.94 | 0.0 | 100.00 | -18.18 | 0.0 | 0.00 | 100.0 | 0.0 | 6.80 | -31.93 | 0.0 |
| 19Q4 (1) | 0.42 | 0.0 | 0.0 | 11.98 | 0.0 | 0.0 | 8.09 | 0.0 | 0.0 | 6.68 | 0.0 | 0.0 | 5.30 | 0.0 | 0.0 | 2.54 | 0.0 | 0.0 | 1.37 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 7.01 | 0.0 | 0.0 | 81.48 | 0.0 | 0.0 | 122.22 | 0.0 | 0.0 | -22.22 | 0.0 | 0.0 | 9.99 | 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) | 5.25 | 193.3 | 11.30 | 26.4 | 8.76 | 59.27 | 0.19 | -48.61 | 9.13 | 41.33 | 7.35 | 40.0 | 27.06 | 156.01 | 10.93 | 155.37 | 1.47 | 81.48 | 9.41 | 35.2 | 117.40 | -38.87 | 95.88 | 12.92 | 4.12 | -72.68 | 0.00 | 0 | 6.63 | -36.37 |
| 2022 (9) | 1.79 | 126.58 | 8.94 | 22.97 | 5.50 | 58.05 | 0.37 | -26.93 | 6.46 | 78.95 | 5.25 | 69.35 | 10.57 | 119.29 | 4.28 | 70.52 | 0.81 | 0.0 | 6.96 | 66.51 | 192.04 | 83.95 | 84.91 | -12.4 | 15.09 | 390.57 | 0.00 | 0 | 10.42 | -16.44 |
| 2021 (8) | 0.79 | 243.48 | 7.27 | 46.87 | 3.48 | 101.16 | 0.50 | 2.23 | 3.61 | 98.35 | 3.10 | 256.32 | 4.82 | 244.29 | 2.51 | 195.29 | 0.81 | -7.95 | 4.18 | 74.17 | 104.40 | 28.43 | 96.92 | -0.05 | 3.08 | -49.23 | 0.00 | 0 | 12.47 | 9.29 |
| 2020 (7) | 0.23 | -90.57 | 4.95 | -26.34 | 1.73 | -26.38 | 0.49 | 18.01 | 1.82 | -81.29 | 0.87 | -90.03 | 1.40 | -90.84 | 0.85 | -89.71 | 0.88 | -6.38 | 2.40 | -76.54 | 81.29 | -0.23 | 96.97 | 302.96 | 6.06 | -92.02 | 0.00 | 0 | 11.41 | -3.39 |
| 2019 (6) | 2.44 | 1120.0 | 6.72 | 113.33 | 2.35 | 770.37 | 0.42 | 177.88 | 9.73 | 691.06 | 8.73 | 1264.06 | 15.29 | 1024.26 | 8.26 | 1031.51 | 0.94 | 4.44 | 10.23 | 564.29 | 81.48 | -10.5 | 24.06 | 20.32 | 75.94 | -0.08 | 0.00 | 0 | 11.81 | 24.58 |
| 2018 (5) | 0.20 | -16.67 | 3.15 | 105.88 | 0.27 | 0 | 0.15 | -35.04 | 1.23 | 44.71 | 0.64 | -13.51 | 1.36 | -19.05 | 0.73 | -24.74 | 0.90 | -13.46 | 1.54 | 15.79 | 91.04 | -40.38 | 20.00 | 0 | 76.00 | -72.23 | 0.00 | 0 | 9.48 | 9.85 |
| 2017 (4) | 0.24 | 0 | 1.53 | -67.72 | -1.56 | 0 | 0.23 | -46.71 | 0.85 | 0 | 0.74 | 0 | 1.68 | 0 | 0.97 | 0 | 1.04 | 50.72 | 1.33 | 682.35 | 152.69 | 85.01 | -178.95 | 0 | 273.68 | 0 | 0.00 | 0 | 8.63 | -42.35 |
| 2016 (3) | -0.20 | 0 | 4.74 | -4.82 | -0.95 | 0 | 0.43 | -7.43 | -0.79 | 0 | -1.22 | 0 | -1.47 | 0 | -0.54 | 0 | 0.69 | 6.15 | 0.17 | 0 | 82.53 | 19.35 | 122.22 | -4.94 | -22.22 | 0 | 0.00 | 0 | 14.97 | -4.22 |
| 2015 (2) | -0.20 | 0 | 4.98 | -13.69 | -1.67 | 0 | 0.47 | -12.08 | -1.31 | 0 | -1.31 | 0 | -1.44 | 0 | -0.54 | 0 | 0.65 | 1.56 | -0.28 | 0 | 69.15 | 3.18 | 128.57 | 0 | -28.57 | 0 | 0.00 | 0 | 15.63 | 6.04 |
| 2014 (1) | 0.31 | 0 | 5.77 | 0 | -0.50 | 0 | 0.53 | 33.76 | 1.96 | 0 | 1.86 | 0 | 2.11 | 0 | 1.47 | 0 | 0.64 | -33.33 | 3.01 | 0 | 67.02 | -23.41 | -27.27 | 0 | 127.27 | 0 | 0.00 | 0 | 14.74 | 48.14 |
