- 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) | 0.62 | 87.88 | 58.97 | 20.58 | -24.89 | -43.12 | 3.85 | -60.83 | -49.01 | 13.79 | -2.96 | 4.71 | 12.72 | 9.94 | 21.14 | 4.98 | 80.43 | 55.62 | 2.49 | 88.64 | 59.62 | 0.19 | 72.73 | 26.67 | 15.49 | -11.08 | -1.34 | 98.61 | -6.1 | -16.8 | 29.03 | -57.57 | -48.64 | 70.97 | 124.73 | 63.23 | 28.23 | 12.29 | 45.22 |
| 24Q2 (19) | 0.33 | 26.92 | -57.14 | 27.40 | 18.87 | 8.13 | 9.83 | 7.43 | -31.02 | 14.21 | 55.98 | 4.1 | 11.57 | 67.44 | 7.23 | 2.76 | 31.43 | -57.93 | 1.32 | 30.69 | -60.6 | 0.11 | -21.43 | -64.52 | 17.42 | 50.69 | 19.07 | 105.02 | -14.71 | 6.55 | 68.42 | -31.58 | -34.49 | 31.58 | 0 | 810.53 | 25.14 | 31.55 | 92.06 |
| 24Q1 (18) | 0.26 | -29.73 | 116.67 | 23.05 | -2.91 | 0.96 | 9.15 | 10.11 | 115.29 | 9.11 | -5.3 | 70.28 | 6.91 | -10.14 | 109.39 | 2.10 | -29.53 | 110.0 | 1.01 | -29.86 | 83.64 | 0.14 | -22.22 | -12.5 | 11.56 | 0.0 | 54.13 | 123.14 | 16.92 | 26.05 | 100.00 | 15.79 | 28.57 | 0.00 | -100.0 | -100.0 | 19.11 | -28.61 | -20.61 |
| 23Q4 (17) | 0.37 | -5.13 | -28.85 | 23.74 | -34.38 | -15.67 | 8.31 | 10.07 | -21.97 | 9.62 | -26.96 | -25.08 | 7.69 | -26.76 | -35.76 | 2.98 | -6.88 | -34.65 | 1.44 | -7.69 | -43.75 | 0.18 | 20.0 | -14.29 | 11.56 | -26.37 | -20.28 | 105.32 | -11.14 | 28.25 | 86.36 | 52.8 | 6.93 | 13.64 | -68.64 | -11.36 | 26.77 | 37.71 | 8.6 |
| 23Q3 (16) | 0.39 | -49.35 | 387.5 | 36.18 | 42.78 | 34.8 | 7.55 | -47.02 | 226.47 | 13.17 | -3.52 | 150.86 | 10.50 | -2.69 | 207.92 | 3.20 | -51.22 | 357.14 | 1.56 | -53.43 | 271.43 | 0.15 | -51.61 | 36.36 | 15.70 | 7.31 | 83.2 | 118.52 | 20.25 | 48.89 | 56.52 | -45.88 | 156.52 | 43.48 | 1078.26 | -78.26 | 19.44 | 48.51 | -53.61 |
| 23Q2 (15) | 0.77 | 541.67 | 600.0 | 25.34 | 10.99 | -23.58 | 14.25 | 235.29 | 132.08 | 13.65 | 155.14 | 60.21 | 10.79 | 226.97 | 117.98 | 6.56 | 556.0 | 583.33 | 3.35 | 509.09 | 556.86 | 0.31 | 93.75 | 210.0 | 14.63 | 95.07 | 31.68 | 98.56 | 0.89 | 11.63 | 104.44 | 34.29 | 39.26 | -4.44 | -120.0 | -117.78 | 13.09 | -45.62 | -62.57 |
| 23Q1 (14) | 0.12 | -76.92 | 0.0 | 22.83 | -18.9 | -29.8 | 4.25 | -60.09 | -15.67 | 5.35 | -58.33 | -36.84 | 3.30 | -72.43 | -39.45 | 1.00 | -78.07 | -3.85 | 0.55 | -78.52 | 7.84 | 0.16 | -23.81 | 77.78 | 7.50 | -48.28 | -31.82 | 97.69 | 18.96 | -9.5 | 77.78 | -3.7 | 40.0 | 22.22 | 44.44 | -33.33 | 24.07 | -2.35 | -33.95 |
| 22Q4 (13) | 0.52 | 550.0 | -18.75 | 28.15 | 4.88 | 0.57 | 10.65 | 278.39 | -23.66 | 12.84 | 144.57 | -9.58 | 11.97 | 251.03 | 0.0 | 4.56 | 551.43 | -16.64 | 2.56 | 509.52 | -1.92 | 0.21 | 90.91 | -4.55 | 14.50 | 69.19 | -4.79 | 82.12 | 3.17 | -25.83 | 80.77 | 180.77 | -19.23 | 15.38 | -92.31 | 423.08 | 24.65 | -41.18 | 42.9 |
| 22Q3 (12) | 0.08 | -27.27 | -85.19 | 26.84 | -19.06 | 1.67 | -5.97 | -197.23 | -168.86 | 5.25 | -38.38 | -75.98 | 3.41 | -31.11 | -78.18 | 0.70 | -27.08 | -88.49 | 0.42 | -17.65 | -85.57 | 0.11 | 10.0 | -26.67 | 8.57 | -22.86 | -63.64 | 79.60 | -9.84 | -28.28 | -100.00 | -233.33 | -342.86 | 200.00 | 700.0 | 223.81 | 41.91 | 19.85 | 75.06 |
| 22Q2 (11) | 0.11 | -8.33 | 152.38 | 33.16 | 1.97 | -4.82 | 6.14 | 21.83 | 131.93 | 8.52 | 0.59 | 148.0 | 4.95 | -9.17 | 127.27 | 0.96 | -7.69 | 144.86 | 0.51 | 0.0 | 149.04 | 0.10 | 11.11 | 66.67 | 11.11 | 1.0 | 183.35 | 88.29 | -18.2 | -18.58 | 75.00 | 35.0 | -25.0 | 25.00 | -25.0 | 375.0 | 34.97 | -4.03 | -46.31 |
| 22Q1 (10) | 0.12 | -81.25 | 500.0 | 32.52 | 16.18 | 81.17 | 5.04 | -63.87 | 1427.27 | 8.47 | -40.35 | 642.98 | 5.45 | -54.47 | 1197.62 | 1.04 | -80.99 | 642.86 | 0.51 | -80.46 | 466.67 | 0.09 | -59.09 | -47.06 | 11.00 | -27.77 | 278.01 | 107.94 | -2.51 | 10.9 | 55.56 | -44.44 | 11.11 | 33.33 | 1033.33 | -33.33 | 36.44 | 111.25 | 70.04 |
| 21Q4 (9) | 0.64 | 18.52 | 204.76 | 27.99 | 6.02 | -29.66 | 13.95 | 60.9 | 23.78 | 14.20 | -35.04 | 31.36 | 11.97 | -23.42 | 45.8 | 5.47 | -10.03 | 203.89 | 2.61 | -10.31 | 190.0 | 0.22 | 46.67 | 100.0 | 15.23 | -35.38 | 15.73 | 110.72 | -0.24 | 22.42 | 100.00 | 142.86 | -7.69 | 2.94 | -95.24 | 135.29 | 17.25 | -27.94 | -43.98 |
| 21Q3 (8) | 0.54 | 357.14 | 17.39 | 26.40 | -24.23 | 47.08 | 8.67 | 145.09 | 106.43 | 21.86 | 223.15 | 172.91 | 15.63 | 186.12 | 117.08 | 6.08 | 384.11 | 47.93 | 2.91 | 379.81 | 43.35 | 0.15 | 150.0 | -46.43 | 23.57 | 276.82 | 160.15 | 110.99 | 2.35 | -6.0 | 41.18 | -58.82 | -21.08 | 61.76 | 779.41 | 29.14 | 23.94 | -63.24 | 55.66 |
| 21Q2 (7) | -0.21 | -1150.0 | -163.64 | 34.84 | 94.09 | 60.92 | -19.23 | -5927.27 | -300.73 | -17.75 | -1657.02 | -264.2 | -18.15 | -4421.43 | -317.63 | -2.14 | -1628.57 | -171.81 | -1.04 | -1255.56 | -163.41 | 0.06 | -64.71 | -68.42 | -13.33 | -558.08 | -207.85 | 108.44 | 11.41 | 15.67 | 100.00 | 100.0 | 11.76 | -9.09 | -118.18 | -186.36 | 65.13 | 203.92 | 0 |
| 21Q1 (6) | 0.02 | -90.48 | -81.82 | 17.95 | -54.89 | 8.39 | 0.33 | -97.07 | -92.07 | 1.14 | -89.45 | -74.27 | 0.42 | -94.88 | -86.54 | 0.14 | -92.22 | -86.0 | 0.09 | -90.0 | -84.48 | 0.17 | 54.55 | 0.0 | 2.91 | -77.89 | -53.74 | 97.33 | 7.62 | 23.53 | 50.00 | -53.85 | -50.0 | 50.00 | 700.0 | 0 | 21.43 | -30.4 | 23.52 |
| 20Q4 (5) | 0.21 | -54.35 | -16.0 | 39.79 | 121.67 | 33.34 | 11.27 | 168.33 | 26.77 | 10.81 | 34.96 | -9.69 | 8.21 | 14.03 | -11.53 | 1.80 | -56.2 | -23.73 | 0.90 | -55.67 | -22.41 | 0.11 | -60.71 | -8.33 | 13.16 | 45.25 | -9.37 | 90.44 | -23.4 | -5.78 | 108.33 | 107.64 | 47.73 | -8.33 | -117.42 | -131.25 | 30.79 | 100.2 | 25.62 |
| 20Q3 (4) | 0.46 | 39.39 | 0.0 | 17.95 | -17.09 | 0.0 | 4.20 | -56.16 | 0.0 | 8.01 | -25.9 | 0.0 | 7.20 | -13.67 | 0.0 | 4.11 | 37.92 | 0.0 | 2.03 | 23.78 | 0.0 | 0.28 | 47.37 | 0.0 | 9.06 | -26.7 | 0.0 | 118.07 | 25.94 | 0.0 | 52.17 | -41.69 | 0.0 | 47.83 | 354.35 | 0.0 | 15.38 | 0 | 0.0 |
| 20Q2 (3) | 0.33 | 200.0 | 0.0 | 21.65 | 30.74 | 0.0 | 9.58 | 130.29 | 0.0 | 10.81 | 144.02 | 0.0 | 8.34 | 167.31 | 0.0 | 2.98 | 198.0 | 0.0 | 1.64 | 182.76 | 0.0 | 0.19 | 11.76 | 0.0 | 12.36 | 96.5 | 0.0 | 93.75 | 18.99 | 0.0 | 89.47 | -10.53 | 0.0 | 10.53 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.11 | -56.0 | 0.0 | 16.56 | -44.5 | 0.0 | 4.16 | -53.21 | 0.0 | 4.43 | -62.99 | 0.0 | 3.12 | -66.38 | 0.0 | 1.00 | -57.63 | 0.0 | 0.58 | -50.0 | 0.0 | 0.17 | 41.67 | 0.0 | 6.29 | -56.68 | 0.0 | 78.79 | -17.92 | 0.0 | 100.00 | 36.36 | 0.0 | 0.00 | -100.0 | 0.0 | 17.35 | -29.21 | 0.0 |
| 19Q4 (1) | 0.25 | 0.0 | 0.0 | 29.84 | 0.0 | 0.0 | 8.89 | 0.0 | 0.0 | 11.97 | 0.0 | 0.0 | 9.28 | 0.0 | 0.0 | 2.36 | 0.0 | 0.0 | 1.16 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 14.52 | 0.0 | 0.0 | 95.99 | 0.0 | 0.0 | 73.33 | 0.0 | 0.0 | 26.67 | 0.0 | 0.0 | 24.51 | 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) | 1.64 | 97.59 | 26.59 | -10.56 | 9.63 | 85.55 | 1.24 | -37.36 | 11.03 | 15.62 | 8.59 | 14.38 | 13.49 | 92.71 | 7.07 | 92.64 | 0.81 | 72.34 | 12.77 | 5.54 | 105.32 | 28.25 | 86.73 | 60.13 | 12.24 | -73.28 | 0.58 | 87.59 | 19.79 | -39.33 |
| 2022 (9) | 0.83 | -15.31 | 29.73 | 16.59 | 5.19 | -10.21 | 1.98 | 25.4 | 9.54 | 0.21 | 7.51 | 9.16 | 7.00 | -25.45 | 3.67 | -22.57 | 0.47 | -20.34 | 12.10 | 7.75 | 82.12 | -25.83 | 54.17 | -12.16 | 45.83 | 14.58 | 0.31 | 253.79 | 32.62 | 32.71 |
| 2021 (8) | 0.98 | -11.71 | 25.50 | 16.39 | 5.78 | -12.02 | 1.58 | 29.75 | 9.52 | 14.15 | 6.88 | 1.93 | 9.39 | -3.89 | 4.74 | -8.85 | 0.59 | -21.33 | 11.23 | 13.55 | 110.72 | 22.42 | 61.67 | -21.97 | 40.00 | 90.77 | 0.09 | -13.47 | 24.58 | 33.08 |
| 2020 (7) | 1.11 | 85.0 | 21.91 | 48.14 | 6.57 | 120.47 | 1.22 | 7.77 | 8.34 | 80.13 | 6.75 | 74.42 | 9.77 | 79.27 | 5.20 | 128.07 | 0.75 | 33.93 | 9.89 | 62.66 | 90.44 | -5.78 | 79.03 | 24.19 | 20.97 | -42.34 | 0.10 | -2.31 | 18.47 | 26.08 |
| 2019 (6) | 0.60 | -22.08 | 14.79 | -19.22 | 2.98 | -46.5 | 1.13 | 297.74 | 4.63 | -45.4 | 3.87 | -45.95 | 5.45 | -36.03 | 2.28 | -35.59 | 0.56 | 16.67 | 6.08 | -33.19 | 95.99 | -53.09 | 63.64 | -2.1 | 36.36 | 9.09 | 0.10 | 59.2 | 14.65 | -4.99 |
| 2018 (5) | 0.77 | 0 | 18.31 | -15.0 | 5.57 | 29.53 | 0.28 | -53.91 | 8.48 | 6.8 | 7.16 | 0 | 8.52 | 96.31 | 3.54 | 142.47 | 0.48 | 152.63 | 9.10 | 0.55 | 204.62 | 95.1 | 65.00 | 20.71 | 33.33 | -27.78 | 0.06 | 0 | 15.42 | -23.66 |
| 2017 (4) | -1.33 | 0 | 21.54 | 433.17 | 4.30 | 0 | 0.62 | 1077.98 | 7.94 | 0 | -42.13 | 0 | 4.34 | 0 | 1.46 | 0 | 0.19 | -85.71 | 9.05 | 0 | 104.88 | -63.37 | 53.85 | -29.38 | 46.15 | 98.9 | 0.00 | 0 | 20.20 | 492.38 |
| 2016 (3) | -1.52 | 0 | 4.04 | -34.52 | -2.41 | 0 | 0.05 | -59.52 | -3.15 | 0 | -3.81 | 0 | -19.29 | 0 | -3.94 | 0 | 1.33 | 14.66 | -2.06 | 0 | 286.32 | 3.62 | 76.24 | 0 | 23.20 | -99.07 | 0.00 | 0 | 3.41 | 0.89 |
| 2015 (2) | 0.03 | -94.23 | 6.17 | -29.32 | 1.33 | -55.81 | 0.13 | -31.27 | -0.06 | 0 | -0.15 | 0 | -0.62 | 0 | 0.96 | -67.57 | 1.16 | -1.69 | 1.28 | -58.84 | 276.31 | 12.79 | -2400.00 | 0 | 2500.00 | 0 | 0.00 | 0 | 3.38 | -8.4 |
| 2014 (1) | 0.52 | -14.75 | 8.73 | 0 | 3.01 | 0 | 0.19 | 15.44 | 1.49 | 0 | 1.34 | 0 | 5.63 | 0 | 2.96 | 0 | 1.18 | 0.0 | 3.11 | 7.24 | 244.98 | -8.97 | 202.53 | 25.23 | -102.53 | 0 | 0.00 | 0 | 3.69 | 5.43 |
