- 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) | 0.72 | -32.71 | 16.13 | 48.37 | 1.17 | 9.29 | 25.15 | 5.85 | 70.51 | 25.73 | -12.24 | -15.36 | 20.42 | -24.06 | -16.04 | 3.82 | -33.57 | 10.4 | 3.24 | -33.33 | 13.29 | 0.16 | -11.11 | 33.33 | 26.41 | -11.11 | -14.25 | 13.13 | -43.7 | -35.13 | 97.70 | 20.75 | 100.99 | 2.30 | -87.96 | -95.53 | 22.97 | 2.04 | -26.94 |
| 24Q2 (19) | 1.07 | 46.58 | 50.7 | 47.81 | 6.72 | -4.59 | 23.76 | 68.15 | 54.99 | 29.32 | -4.56 | 4.08 | 26.89 | 10.52 | -6.44 | 5.75 | 46.31 | 46.31 | 4.86 | 38.46 | 43.36 | 0.18 | 28.57 | 50.0 | 29.71 | -5.47 | 3.77 | 23.32 | 76.93 | 8.67 | 80.91 | 73.95 | 47.95 | 19.09 | -64.31 | -57.87 | 22.51 | -26.05 | -31.35 |
| 24Q1 (18) | 0.73 | 1012.5 | 711.11 | 44.80 | -3.84 | -5.1 | 14.13 | 93.83 | 2783.67 | 30.72 | 583.02 | 422.45 | 24.33 | 630.07 | 351.39 | 3.93 | 973.33 | 754.35 | 3.51 | 1000.0 | 735.71 | 0.14 | 75.0 | 75.0 | 31.43 | 679.89 | 355.51 | 13.18 | 30.11 | 20.7 | 46.51 | 142.64 | 318.6 | 53.49 | -74.42 | -39.83 | 30.44 | -17.51 | -35.4 |
| 23Q4 (17) | -0.08 | -112.9 | -33.33 | 46.59 | 5.26 | 2.62 | 7.29 | -50.58 | 9.3 | -6.36 | -120.92 | 22.34 | -4.59 | -118.87 | -35.4 | -0.45 | -113.01 | -36.36 | -0.39 | -113.64 | -39.29 | 0.08 | -33.33 | 0.0 | -5.42 | -117.6 | 25.45 | 10.13 | -49.95 | -13.42 | -109.09 | -324.42 | -38.84 | 209.09 | 306.88 | 17.09 | 36.90 | 17.37 | -7.91 |
| 23Q3 (16) | 0.62 | -12.68 | 34.78 | 44.26 | -11.67 | -5.63 | 14.75 | -3.78 | 1791.03 | 30.40 | 7.92 | -19.94 | 24.32 | -15.38 | -16.91 | 3.46 | -11.96 | 38.4 | 2.86 | -15.63 | 41.58 | 0.12 | 0.0 | 71.43 | 30.80 | 7.58 | -21.05 | 20.24 | -5.68 | -6.77 | 48.61 | -11.11 | 2525.0 | 51.39 | 13.41 | -47.64 | 31.44 | -4.12 | -34.49 |
| 23Q2 (15) | 0.71 | 688.89 | -21.11 | 50.11 | 6.14 | 7.53 | 15.33 | 3028.57 | -31.62 | 28.17 | 379.08 | -12.43 | 28.74 | 433.21 | 8.13 | 3.93 | 754.35 | -20.12 | 3.39 | 707.14 | -17.11 | 0.12 | 50.0 | -20.0 | 28.63 | 314.93 | -12.66 | 21.46 | 96.52 | -18.09 | 54.69 | 392.19 | -21.99 | 45.31 | -49.02 | 51.56 | 32.79 | -30.41 | 28.29 |
| 23Q1 (14) | 0.09 | 250.0 | -86.76 | 47.21 | 3.99 | 2.45 | 0.49 | -92.65 | -97.37 | 5.88 | 171.79 | -78.06 | 5.39 | 259.0 | -73.8 | 0.46 | 239.39 | -87.6 | 0.42 | 250.0 | -87.2 | 0.08 | 0.0 | -50.0 | 6.90 | 194.91 | -74.9 | 10.92 | -6.67 | -24.48 | 11.11 | 114.14 | -83.95 | 88.89 | -50.22 | 188.89 | 47.12 | 17.59 | 68.77 |
| 22Q4 (13) | -0.06 | -113.04 | -109.23 | 45.40 | -3.2 | -4.1 | 6.67 | 755.13 | -70.86 | -8.19 | -121.57 | -150.81 | -3.39 | -111.58 | -115.86 | -0.33 | -113.2 | -109.04 | -0.28 | -113.86 | -108.64 | 0.08 | 14.29 | -46.67 | -7.27 | -118.64 | -143.61 | 11.70 | -46.11 | -1.85 | -78.57 | -4342.86 | -156.31 | 178.57 | 81.94 | 526.59 | 40.07 | -16.5 | 62.75 |
| 22Q3 (12) | 0.46 | -48.89 | 15.0 | 46.90 | 0.64 | -3.4 | 0.78 | -96.52 | -96.44 | 37.97 | 18.03 | 95.22 | 29.27 | 10.12 | 96.44 | 2.50 | -49.19 | 9.65 | 2.02 | -50.61 | 1.51 | 0.07 | -53.33 | -46.15 | 39.01 | 19.01 | 92.64 | 21.71 | -17.14 | 69.34 | 1.85 | -97.36 | -98.36 | 98.15 | 228.29 | 852.47 | 47.99 | 87.75 | 75.59 |
| 22Q2 (11) | 0.90 | 32.35 | 125.0 | 46.60 | 1.13 | -7.12 | 22.42 | 20.28 | 13.06 | 32.17 | 20.04 | 57.62 | 26.58 | 29.22 | 63.27 | 4.92 | 32.61 | 120.63 | 4.09 | 24.7 | 110.82 | 0.15 | -6.25 | 25.0 | 32.78 | 19.24 | 52.47 | 26.20 | 81.19 | 68.81 | 70.10 | 1.26 | -28.27 | 29.90 | -2.84 | 1215.46 | 25.56 | -8.45 | -16.69 |
| 22Q1 (10) | 0.68 | 4.62 | 70.0 | 46.08 | -2.66 | -7.34 | 18.64 | -18.57 | 12.76 | 26.80 | 66.25 | 49.72 | 20.57 | -3.74 | 29.21 | 3.71 | 1.64 | 64.89 | 3.28 | 1.23 | 64.0 | 0.16 | 6.67 | 23.08 | 27.49 | 64.91 | 48.43 | 14.46 | 21.31 | 3.36 | 69.23 | -50.38 | -25.0 | 30.77 | 173.5 | 300.0 | 27.92 | 13.4 | -16.98 |
| 21Q4 (9) | 0.65 | 62.5 | 85.71 | 47.34 | -2.49 | -3.01 | 22.89 | 4.33 | 11.01 | 16.12 | -17.12 | 19.85 | 21.37 | 43.42 | 50.71 | 3.65 | 60.09 | 80.69 | 3.24 | 62.81 | 86.21 | 0.15 | 15.38 | 25.0 | 16.67 | -17.68 | 17.81 | 11.92 | -7.02 | 9.96 | 139.53 | 23.43 | -8.03 | -41.86 | -220.93 | 19.07 | 24.62 | -9.92 | -12.91 |
| 21Q3 (8) | 0.40 | 0.0 | 14.29 | 48.55 | -3.23 | -0.55 | 21.94 | 10.64 | 17.01 | 19.45 | -4.7 | 9.95 | 14.90 | -8.48 | 9.72 | 2.28 | 2.24 | 11.22 | 1.99 | 2.58 | 19.88 | 0.13 | 8.33 | 8.33 | 20.25 | -5.81 | 8.17 | 12.82 | -17.4 | -40.46 | 113.04 | 15.67 | 7.53 | -13.04 | -673.91 | -154.35 | 27.33 | -10.92 | -6.05 |
| 21Q2 (7) | 0.40 | 0.0 | 48.15 | 50.17 | 0.88 | -0.54 | 19.83 | 19.96 | 13.83 | 20.41 | 14.02 | 57.48 | 16.28 | 2.26 | 34.32 | 2.23 | -0.89 | 42.95 | 1.94 | -3.0 | 48.09 | 0.12 | -7.69 | 9.09 | 21.50 | 16.09 | 52.05 | 15.52 | 10.94 | -39.8 | 97.73 | 5.87 | -25.96 | 2.27 | -70.45 | 106.31 | 30.68 | -8.77 | -4.13 |
| 21Q1 (6) | 0.40 | 14.29 | 33.33 | 49.73 | 1.88 | 5.27 | 16.53 | -19.84 | 32.98 | 17.90 | 33.09 | 16.92 | 15.92 | 12.27 | 35.37 | 2.25 | 11.39 | 33.93 | 2.00 | 14.94 | 34.23 | 0.13 | 8.33 | 0.0 | 18.52 | 30.88 | 12.65 | 13.99 | 29.06 | 4.09 | 92.31 | -39.16 | 12.82 | 7.69 | 114.87 | -57.69 | 33.63 | 18.96 | -5.21 |
| 20Q4 (5) | 0.35 | 0.0 | -7.89 | 48.81 | -0.02 | -1.67 | 20.62 | 9.97 | -4.58 | 13.45 | -23.97 | 1.59 | 14.18 | 4.42 | 4.96 | 2.02 | -1.46 | -4.72 | 1.74 | 4.82 | -1.69 | 0.12 | 0.0 | -7.69 | 14.15 | -24.41 | -1.8 | 10.84 | -49.65 | -12.58 | 151.72 | 44.32 | -7.78 | -51.72 | -908.62 | 19.83 | 28.27 | -2.82 | 0 |
| 20Q3 (4) | 0.35 | 29.63 | 0.0 | 48.82 | -3.21 | 0.0 | 18.75 | 7.63 | 0.0 | 17.69 | 36.5 | 0.0 | 13.58 | 12.05 | 0.0 | 2.05 | 31.41 | 0.0 | 1.66 | 26.72 | 0.0 | 0.12 | 9.09 | 0.0 | 18.72 | 32.39 | 0.0 | 21.53 | -16.49 | 0.0 | 105.13 | -20.36 | 0.0 | -5.13 | 85.75 | 0.0 | 29.09 | -9.09 | 0.0 |
| 20Q2 (3) | 0.27 | -10.0 | 0.0 | 50.44 | 6.77 | 0.0 | 17.42 | 40.14 | 0.0 | 12.96 | -15.35 | 0.0 | 12.12 | 3.06 | 0.0 | 1.56 | -7.14 | 0.0 | 1.31 | -12.08 | 0.0 | 0.11 | -15.38 | 0.0 | 14.14 | -13.99 | 0.0 | 25.78 | 91.82 | 0.0 | 132.00 | 61.33 | 0.0 | -36.00 | -298.0 | 0.0 | 32.00 | -9.81 | 0.0 |
| 20Q1 (2) | 0.30 | -21.05 | 0.0 | 47.24 | -4.83 | 0.0 | 12.43 | -42.48 | 0.0 | 15.31 | 15.63 | 0.0 | 11.76 | -12.95 | 0.0 | 1.68 | -20.75 | 0.0 | 1.49 | -15.82 | 0.0 | 0.13 | 0.0 | 0.0 | 16.44 | 14.09 | 0.0 | 13.44 | 8.39 | 0.0 | 81.82 | -50.27 | 0.0 | 18.18 | 128.18 | 0.0 | 35.48 | 0 | 0.0 |
| 19Q4 (1) | 0.38 | 0.0 | 0.0 | 49.64 | 0.0 | 0.0 | 21.61 | 0.0 | 0.0 | 13.24 | 0.0 | 0.0 | 13.51 | 0.0 | 0.0 | 2.12 | 0.0 | 0.0 | 1.77 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 14.41 | 0.0 | 0.0 | 12.40 | 0.0 | 0.0 | 164.52 | 0.0 | 0.0 | -64.52 | 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) | 1.34 | -31.63 | 47.02 | 1.64 | 10.64 | -28.59 | 0.77 | -0.57 | 17.26 | -27.87 | 15.86 | -18.87 | 7.27 | -32.5 | 6.55 | -31.98 | 0.41 | -16.33 | 18.06 | -26.85 | 10.13 | -13.42 | 61.94 | -0.62 | 38.06 | 1.02 | 0.00 | 0 | 35.95 | 10.55 |
| 2022 (9) | 1.96 | 5.95 | 46.26 | -5.3 | 14.90 | -27.21 | 0.78 | 3.56 | 23.93 | 30.27 | 19.55 | 13.07 | 10.77 | 3.36 | 9.63 | 2.88 | 0.49 | -9.26 | 24.69 | 29.13 | 11.70 | -1.85 | 62.33 | -44.2 | 37.67 | 0 | 0.00 | 0 | 32.52 | 12.96 |
| 2021 (8) | 1.85 | 45.67 | 48.85 | 0.14 | 20.47 | 18.53 | 0.75 | -20.96 | 18.37 | 23.04 | 17.29 | 33.82 | 10.42 | 44.92 | 9.36 | 45.34 | 0.54 | 8.0 | 19.12 | 20.94 | 11.92 | 9.96 | 111.70 | -2.94 | -11.70 | 0 | 0.00 | 0 | 28.79 | -7.75 |
| 2020 (7) | 1.27 | -29.44 | 48.78 | -1.67 | 17.27 | -12.25 | 0.95 | -2.66 | 14.93 | -24.56 | 12.92 | -21.46 | 7.19 | -28.74 | 6.44 | -27.72 | 0.50 | -7.41 | 15.81 | -24.17 | 10.84 | -12.58 | 115.08 | 15.72 | -15.87 | 0 | 0.00 | 0 | 31.21 | 8.48 |
| 2019 (6) | 1.80 | -21.05 | 49.61 | -1.19 | 19.68 | -2.33 | 0.98 | 7.06 | 19.79 | -14.33 | 16.45 | -13.6 | 10.09 | -21.84 | 8.91 | -20.66 | 0.54 | -8.47 | 20.85 | -13.27 | 12.40 | -12.55 | 99.45 | 13.94 | 0.55 | -95.68 | 0.00 | 0 | 28.77 | 8.89 |
| 2018 (5) | 2.28 | -4.2 | 50.21 | -3.16 | 20.15 | -22.62 | 0.91 | 11.93 | 23.10 | 2.99 | 19.04 | -3.4 | 12.91 | -5.56 | 11.23 | -1.4 | 0.59 | 1.72 | 24.04 | 3.0 | 14.18 | -9.62 | 87.28 | -24.99 | 12.72 | 0 | 0.00 | 0 | 26.42 | 7.75 |
| 2017 (4) | 2.38 | -22.48 | 51.85 | 2.98 | 26.04 | 7.56 | 0.82 | 55.35 | 22.43 | -10.67 | 19.71 | -6.54 | 13.67 | -21.35 | 11.39 | -20.07 | 0.58 | -14.71 | 23.34 | -8.93 | 15.69 | -35.72 | 116.36 | 20.56 | -15.91 | 0 | 0.00 | 0 | 24.52 | 5.87 |
| 2016 (3) | 3.07 | 2.68 | 50.35 | 4.2 | 24.21 | 7.84 | 0.52 | -4.64 | 25.11 | 0.36 | 21.09 | -0.33 | 17.38 | -0.57 | 14.25 | -3.06 | 0.68 | -1.45 | 25.63 | 0.12 | 24.41 | 24.54 | 96.52 | 7.55 | 3.48 | -66.03 | 0.00 | 0 | 23.16 | 6.24 |
| 2015 (2) | 2.99 | 23.05 | 48.32 | 2.94 | 22.45 | 7.57 | 0.55 | -18.93 | 25.02 | 11.5 | 21.16 | 17.62 | 17.48 | 14.62 | 14.70 | 13.34 | 0.69 | -4.17 | 25.60 | 10.92 | 19.60 | 7.52 | 89.74 | -3.58 | 10.26 | 48.08 | 0.00 | 0 | 21.80 | -5.67 |
| 2014 (1) | 2.43 | 21.5 | 46.94 | 0 | 20.87 | 0 | 0.68 | -19.69 | 22.44 | 0 | 17.99 | 0 | 15.25 | 0 | 12.97 | 0 | 0.72 | 12.5 | 23.08 | 4.43 | 18.23 | 8.13 | 93.07 | 4.41 | 6.93 | -36.2 | 0.00 | 0 | 23.11 | -10.6 |
