- 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) | 0.94 | 108.89 | 38.24 | 31.58 | 5.8 | 3.75 | 9.56 | 2911.76 | 252.77 | 10.87 | 135.28 | 61.04 | 8.79 | 299.55 | 159.29 | 2.96 | 448.15 | 232.58 | 1.92 | 326.67 | 174.29 | 0.20 | 33.33 | 17.65 | 18.57 | 31.8 | 20.66 | 89.57 | 54.03 | 73.55 | 88.30 | 1468.62 | 114.44 | 11.70 | -89.01 | -80.75 | 29.67 | -18.44 | -11.3 |
| 24Q2 (19) | 0.45 | 45.16 | 0.0 | 29.85 | 5.22 | 27.95 | -0.34 | 75.0 | 83.89 | 4.62 | 62.68 | 88.57 | 2.20 | 2850.0 | -2.22 | 0.54 | 2800.0 | -5.26 | 0.45 | 400.0 | -8.16 | 0.15 | 7.14 | -6.25 | 14.09 | 9.74 | 24.58 | 58.15 | -4.73 | 9.78 | -6.45 | 85.48 | 92.26 | 106.45 | -26.3 | -41.94 | 36.38 | -5.33 | 8.99 |
| 24Q1 (18) | 0.31 | 416.67 | 416.67 | 28.37 | 12.85 | 36.26 | -1.36 | 72.85 | 80.93 | 2.84 | 161.47 | 419.1 | -0.08 | 98.97 | 97.37 | -0.02 | 98.87 | 97.1 | 0.09 | 108.49 | 132.14 | 0.14 | -6.67 | -6.67 | 12.84 | 155.27 | 19.66 | 61.04 | 13.44 | 3.18 | -44.44 | -140.4 | -105.67 | 144.44 | 1544.44 | 121.14 | 38.43 | 5.4 | 7.02 |
| 23Q4 (17) | 0.06 | -91.18 | 20.0 | 25.14 | -17.41 | 53.01 | -5.01 | -284.87 | 45.9 | -4.62 | -168.44 | 4.15 | -7.74 | -328.32 | -21.7 | -1.77 | -298.88 | -22.92 | -1.06 | -251.43 | -21.84 | 0.15 | -11.76 | 0.0 | 5.03 | -67.32 | 1.41 | 53.81 | 4.26 | 1.2 | 110.00 | 167.14 | -42.38 | -10.00 | -116.45 | 89.0 | 36.46 | 9.0 | 0.89 |
| 23Q3 (16) | 0.68 | 51.11 | 36.0 | 30.44 | 30.48 | 48.2 | 2.71 | 228.44 | 204.63 | 6.75 | 175.51 | 73.97 | 3.39 | 50.67 | 242.42 | 0.89 | 56.14 | 270.83 | 0.70 | 42.86 | 233.33 | 0.17 | 6.25 | 6.25 | 15.39 | 36.07 | 22.92 | 51.61 | -2.57 | 7.79 | 41.18 | 149.41 | 162.85 | 60.78 | -66.84 | -63.28 | 33.45 | 0.21 | -6.01 |
| 23Q2 (15) | 0.45 | 650.0 | 204.65 | 23.33 | 12.06 | 733.21 | -2.11 | 70.41 | 89.89 | 2.45 | 375.28 | 116.21 | 2.25 | 174.01 | 112.51 | 0.57 | 182.61 | 113.19 | 0.49 | 275.0 | 118.01 | 0.16 | 6.67 | 6.67 | 11.31 | 5.41 | 262.73 | 52.97 | -10.46 | 5.27 | -83.33 | -110.64 | -160.46 | 183.33 | 126.83 | 584.52 | 33.38 | -7.05 | -1.36 |
| 23Q1 (14) | 0.06 | 20.0 | -93.55 | 20.82 | 26.72 | -26.97 | -7.13 | 23.0 | -212.11 | -0.89 | 81.54 | -108.12 | -3.04 | 52.2 | -138.53 | -0.69 | 52.08 | -135.94 | -0.28 | 67.82 | -122.95 | 0.15 | 0.0 | 0.0 | 10.73 | 116.33 | -43.17 | 59.16 | 11.27 | -4.44 | 783.33 | 310.32 | 1247.33 | -683.33 | -651.67 | -1732.41 | 35.91 | -0.64 | 0.84 |
| 22Q4 (13) | 0.05 | -90.0 | -94.95 | 16.43 | -20.01 | -46.36 | -9.26 | -257.53 | -229.15 | -4.82 | -224.23 | -149.95 | -6.36 | -742.42 | -182.28 | -1.44 | -700.0 | -181.36 | -0.87 | -514.29 | -177.68 | 0.15 | -6.25 | 7.14 | 4.96 | -60.38 | -72.17 | 53.17 | 11.05 | -17.83 | 190.91 | 391.39 | 156.86 | -90.91 | -154.92 | -454.07 | 36.14 | 1.55 | 1.01 |
| 22Q3 (12) | 0.50 | 216.28 | -68.55 | 20.54 | 633.57 | -36.13 | -2.59 | 87.6 | -117.52 | 3.88 | 125.68 | -76.88 | 0.99 | 105.5 | -92.58 | 0.24 | 105.56 | -93.98 | 0.21 | 107.72 | -91.36 | 0.16 | 6.67 | -11.11 | 12.52 | 280.14 | -42.41 | 47.88 | -4.85 | -26.81 | -65.52 | -147.53 | -174.35 | 165.52 | 537.44 | 1293.83 | 35.59 | 5.17 | 25.67 |
| 22Q2 (11) | -0.43 | -146.24 | -124.43 | 2.80 | -90.18 | -92.33 | -20.88 | -428.3 | -204.71 | -15.11 | -237.86 | -171.11 | -17.99 | -328.01 | -204.9 | -4.32 | -325.0 | -192.9 | -2.72 | -322.95 | -196.11 | 0.15 | 0.0 | -6.25 | -6.95 | -136.81 | -126.29 | 50.32 | -18.72 | -28.25 | 137.84 | 137.08 | 47.14 | -37.84 | -190.39 | -698.53 | 33.84 | -4.97 | 35.09 |
| 22Q1 (10) | 0.93 | -6.06 | -45.29 | 28.51 | -6.92 | -43.29 | 6.36 | -11.3 | -76.3 | 10.96 | 13.58 | -63.22 | 7.89 | 2.07 | -65.24 | 1.92 | 8.47 | -59.92 | 1.22 | 8.93 | -60.0 | 0.15 | 7.14 | 15.38 | 18.88 | 5.95 | -46.58 | 61.91 | -4.33 | -5.21 | 58.14 | -21.78 | -35.14 | 41.86 | 63.04 | 329.07 | 35.61 | -0.48 | 57.92 |
| 21Q4 (9) | 0.99 | -37.74 | -38.51 | 30.63 | -4.76 | -41.52 | 7.17 | -51.49 | -72.66 | 9.65 | -42.49 | -66.75 | 7.73 | -42.1 | -68.55 | 1.77 | -55.64 | -70.1 | 1.12 | -53.91 | -71.93 | 0.14 | -22.22 | -12.5 | 17.82 | -18.03 | -46.23 | 64.71 | -1.09 | 21.41 | 74.32 | -15.66 | -18.14 | 25.68 | 116.22 | 160.18 | 35.78 | 26.34 | 85.87 |
| 21Q3 (8) | 1.59 | -9.66 | 22.31 | 32.16 | -11.87 | -34.08 | 14.78 | -25.88 | -38.39 | 16.78 | -21.04 | -38.8 | 13.35 | -22.16 | -38.76 | 3.99 | -14.19 | -21.15 | 2.43 | -14.13 | -30.57 | 0.18 | 12.5 | 12.5 | 21.74 | -17.78 | -34.91 | 65.42 | -6.72 | 41.54 | 88.12 | -5.93 | 0.49 | 11.88 | 87.84 | -3.52 | 28.32 | 13.05 | 48.74 |
| 21Q2 (7) | 1.76 | 3.53 | 47.9 | 36.49 | -27.41 | -24.4 | 19.94 | -25.68 | -13.68 | 21.25 | -28.69 | -19.32 | 17.15 | -24.45 | -26.14 | 4.65 | -2.92 | -4.52 | 2.83 | -7.21 | -12.65 | 0.16 | 23.08 | 14.29 | 26.44 | -25.18 | -20.48 | 70.13 | 7.38 | 50.98 | 93.68 | 4.51 | 7.63 | 6.32 | -35.2 | -47.48 | 25.05 | 11.09 | 0 |
| 21Q1 (6) | 1.70 | 5.59 | 86.81 | 50.27 | -4.03 | 2.72 | 26.83 | 2.29 | 23.64 | 29.80 | 2.69 | 17.14 | 22.70 | -7.65 | 11.33 | 4.79 | -19.09 | 33.43 | 3.05 | -23.56 | 23.48 | 0.13 | -18.75 | 8.33 | 35.34 | 6.64 | 5.43 | 65.31 | 22.53 | 11.53 | 89.63 | -1.27 | 4.57 | 9.76 | -1.14 | -31.71 | 22.55 | 17.14 | 0 |
| 20Q4 (5) | 1.61 | 23.85 | 14.18 | 52.38 | 7.36 | -5.84 | 26.23 | 9.34 | -8.06 | 29.02 | 5.84 | -4.32 | 24.58 | 12.75 | 2.67 | 5.92 | 17.0 | 11.28 | 3.99 | 14.0 | 1.27 | 0.16 | 0.0 | 0.0 | 33.14 | -0.78 | -10.48 | 53.30 | 15.32 | 42.36 | 90.79 | 3.53 | -3.79 | 9.87 | -19.82 | 75.16 | 19.25 | 1.1 | 0 |
| 20Q3 (4) | 1.30 | 9.24 | 0.0 | 48.79 | 1.08 | 0.0 | 23.99 | 3.85 | 0.0 | 27.42 | 4.1 | 0.0 | 21.80 | -6.12 | 0.0 | 5.06 | 3.9 | 0.0 | 3.50 | 8.02 | 0.0 | 0.16 | 14.29 | 0.0 | 33.40 | 0.45 | 0.0 | 46.22 | -0.5 | 0.0 | 87.69 | 0.75 | 0.0 | 12.31 | 2.25 | 0.0 | 19.04 | 0 | 0.0 |
| 20Q2 (3) | 1.19 | 30.77 | 0.0 | 48.27 | -1.37 | 0.0 | 23.10 | 6.45 | 0.0 | 26.34 | 3.54 | 0.0 | 23.22 | 13.88 | 0.0 | 4.87 | 35.65 | 0.0 | 3.24 | 31.17 | 0.0 | 0.14 | 16.67 | 0.0 | 33.25 | -0.81 | 0.0 | 46.45 | -20.68 | 0.0 | 87.04 | 1.54 | 0.0 | 12.04 | -15.74 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.91 | -35.46 | 0.0 | 48.94 | -12.03 | 0.0 | 21.70 | -23.94 | 0.0 | 25.44 | -16.12 | 0.0 | 20.39 | -14.83 | 0.0 | 3.59 | -32.52 | 0.0 | 2.47 | -37.31 | 0.0 | 0.12 | -25.0 | 0.0 | 33.52 | -9.45 | 0.0 | 58.56 | 56.41 | 0.0 | 85.71 | -9.17 | 0.0 | 14.29 | 153.57 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 1.41 | 0.0 | 0.0 | 55.63 | 0.0 | 0.0 | 28.53 | 0.0 | 0.0 | 30.33 | 0.0 | 0.0 | 23.94 | 0.0 | 0.0 | 5.32 | 0.0 | 0.0 | 3.94 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 37.02 | 0.0 | 0.0 | 37.44 | 0.0 | 0.0 | 94.37 | 0.0 | 0.0 | 5.63 | 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) | 1.24 | 18.1 | 25.09 | 45.11 | -2.67 | 0 | 7.23 | 9.68 | 1.17 | 0 | -1.04 | 0 | -1.00 | 0 | -0.15 | 0 | 0.63 | 8.62 | 10.81 | 41.31 | 53.81 | 1.2 | -227.27 | 0 | 324.24 | 0 | 3.65 | -11.92 | 34.72 | -1.62 |
| 2022 (9) | 1.05 | -82.56 | 17.29 | -52.18 | -6.31 | 0 | 6.59 | 41.09 | -0.99 | 0 | -3.61 | 0 | -3.34 | 0 | -1.89 | 0 | 0.58 | -15.94 | 7.65 | -68.72 | 53.17 | -17.83 | 641.38 | 623.77 | -541.38 | 0 | 4.14 | 18.08 | 35.29 | 24.83 |
| 2021 (8) | 6.02 | 20.16 | 36.16 | -27.35 | 16.41 | -31.6 | 4.67 | -16.61 | 18.52 | -32.01 | 14.63 | -35.47 | 16.09 | -11.4 | 10.28 | -18.61 | 0.69 | 25.45 | 24.46 | -26.61 | 64.71 | 21.41 | 88.62 | 0.53 | 11.38 | -5.6 | 3.51 | 3934.65 | 28.27 | 38.85 |
| 2020 (7) | 5.01 | 8.91 | 49.77 | 1.06 | 23.99 | -2.28 | 5.60 | -17.94 | 27.24 | -2.19 | 22.67 | 1.98 | 18.16 | 5.77 | 12.63 | -4.97 | 0.55 | -6.78 | 33.33 | -5.23 | 53.30 | 42.36 | 88.15 | 0.09 | 12.06 | 1.07 | 0.09 | -13.86 | 20.36 | -4.59 |
| 2019 (6) | 4.60 | 5.02 | 49.25 | 3.68 | 24.55 | 2.16 | 6.83 | 22.53 | 27.85 | 7.32 | 22.23 | 5.96 | 17.17 | 1.96 | 13.29 | -4.39 | 0.59 | -10.61 | 35.17 | 10.74 | 37.44 | 55.35 | 88.07 | -4.9 | 11.93 | 61.44 | 0.10 | -11.21 | 21.34 | 1.86 |
| 2018 (5) | 4.38 | 6.83 | 47.50 | -1.86 | 24.03 | -5.54 | 5.57 | -11.19 | 25.95 | 0.78 | 20.98 | -1.18 | 16.84 | 7.4 | 13.90 | 7.09 | 0.66 | 8.2 | 31.76 | -1.24 | 24.10 | 25.65 | 92.61 | -6.2 | 7.39 | 482.36 | 0.11 | 0 | 20.95 | 0.24 |
| 2017 (4) | 4.10 | -19.13 | 48.40 | -2.08 | 25.44 | -6.71 | 6.27 | 18.07 | 25.75 | -9.78 | 21.23 | -11.28 | 15.68 | -17.21 | 12.98 | -16.42 | 0.61 | -6.15 | 32.16 | -5.41 | 19.18 | -14.45 | 98.73 | 3.32 | 1.27 | -71.42 | 0.00 | 0 | 20.90 | 2.45 |
| 2016 (3) | 5.07 | -13.04 | 49.43 | -5.27 | 27.27 | -10.74 | 5.31 | 17.05 | 28.54 | -13.59 | 23.93 | -14.14 | 18.94 | -18.47 | 15.53 | -17.74 | 0.65 | -4.41 | 34.00 | -9.65 | 22.42 | 4.57 | 95.56 | 3.41 | 4.44 | -40.12 | 0.00 | 0 | 20.40 | 1.04 |
| 2015 (2) | 5.83 | 16.37 | 52.18 | 9.46 | 30.55 | 12.15 | 4.54 | -8.8 | 33.03 | 9.7 | 27.87 | 11.75 | 23.23 | 10.2 | 18.88 | 12.65 | 0.68 | 1.49 | 37.63 | 6.66 | 21.44 | -13.41 | 92.41 | 2.11 | 7.41 | -21.99 | 0.00 | 0 | 20.19 | 0.7 |
| 2014 (1) | 5.01 | 6.14 | 47.67 | 0 | 27.24 | 0 | 4.98 | -6.91 | 30.11 | 0 | 24.94 | 0 | 21.08 | 0 | 16.76 | 0 | 0.67 | 6.35 | 35.28 | -4.73 | 24.76 | -9.34 | 90.50 | -0.09 | 9.50 | -1.37 | 0.00 | 0 | 20.05 | 5.03 |
