- 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) | 0.40 | 2.56 | 21.21 | 50.96 | -15.41 | 4.11 | 12.13 | 168.96 | 17.2 | 20.76 | -25.83 | 12.46 | 16.23 | -27.09 | 13.26 | 2.20 | 14.58 | 30.95 | 1.82 | 13.04 | 30.94 | 0.11 | 57.14 | 10.0 | 27.34 | -28.43 | 0.81 | 19.23 | -14.23 | 4.74 | 58.62 | 266.38 | 7.47 | 41.38 | -50.74 | -8.97 | 36.02 | -35.83 | -13.25 |
| 24Q2 (19) | 0.39 | 18.18 | 5.41 | 60.24 | -3.06 | 19.1 | 4.51 | -51.61 | -67.2 | 27.99 | 18.0 | 40.58 | 22.26 | 20.72 | 44.17 | 1.92 | 19.25 | 3.23 | 1.61 | 19.26 | 3.21 | 0.07 | 0.0 | -30.0 | 38.20 | 12.12 | 38.21 | 22.42 | 26.1 | -7.81 | 16.00 | -56.0 | -77.41 | 84.00 | 42.15 | 152.0 | 56.13 | 2.5 | 40.29 |
| 24Q1 (18) | 0.33 | 120.0 | -13.16 | 62.14 | 37.97 | 30.85 | 9.32 | 180.72 | -40.45 | 23.72 | 220.54 | 35.23 | 18.44 | 232.85 | 34.8 | 1.61 | 117.57 | -5.29 | 1.35 | 114.29 | -7.53 | 0.07 | -36.36 | -36.36 | 34.07 | 133.36 | 36.28 | 17.78 | -23.72 | 6.4 | 36.36 | -27.27 | -58.18 | 59.09 | -1.52 | 579.55 | 54.76 | 62.06 | 48.48 |
| 23Q4 (17) | 0.15 | -54.55 | -59.46 | 45.04 | -7.99 | -19.93 | 3.32 | -67.92 | -83.82 | 7.40 | -59.91 | -58.17 | 5.54 | -61.34 | -61.98 | 0.74 | -55.95 | -56.21 | 0.63 | -54.68 | -56.25 | 0.11 | 10.0 | 10.0 | 14.60 | -46.17 | -42.56 | 23.31 | 26.96 | 27.31 | 50.00 | -8.33 | -56.25 | 60.00 | 32.0 | 520.0 | 33.79 | -18.62 | -9.26 |
| 23Q3 (16) | 0.33 | -10.81 | -40.0 | 48.95 | -3.22 | 4.68 | 10.35 | -24.73 | -43.93 | 18.46 | -7.28 | -18.03 | 14.33 | -7.19 | -19.13 | 1.68 | -9.68 | -33.6 | 1.39 | -10.9 | -35.05 | 0.10 | 0.0 | -16.67 | 27.12 | -1.88 | -3.04 | 18.36 | -24.51 | -6.52 | 54.55 | -22.99 | -32.87 | 45.45 | 36.36 | 142.42 | 41.52 | 3.77 | 39.24 |
| 23Q2 (15) | 0.37 | -2.63 | -21.28 | 50.58 | 6.51 | -5.79 | 13.75 | -12.14 | -29.99 | 19.91 | 13.51 | -19.0 | 15.44 | 12.87 | -21.38 | 1.86 | 9.41 | -15.07 | 1.56 | 6.85 | -18.75 | 0.10 | -9.09 | 0.0 | 27.64 | 10.56 | -12.34 | 24.32 | 45.54 | 31.6 | 70.83 | -18.54 | -13.07 | 33.33 | 283.33 | 80.0 | 40.01 | 8.49 | 12.32 |
| 23Q1 (14) | 0.38 | 2.7 | 8.57 | 47.49 | -15.57 | -6.92 | 15.65 | -23.73 | 20.57 | 17.54 | -0.85 | 4.78 | 13.68 | -6.11 | 2.24 | 1.70 | 0.59 | 16.44 | 1.46 | 1.39 | 11.45 | 0.11 | 10.0 | 10.0 | 25.00 | -1.65 | 0.93 | 16.71 | -8.74 | 51.77 | 86.96 | -23.91 | 11.8 | 8.70 | 160.87 | -60.87 | 36.88 | -0.97 | -3.23 |
| 22Q4 (13) | 0.37 | -32.73 | -17.78 | 56.25 | 20.3 | 4.96 | 20.52 | 11.16 | 796.07 | 17.69 | -21.45 | -46.88 | 14.57 | -17.78 | -39.42 | 1.69 | -33.2 | -11.52 | 1.44 | -32.71 | -15.79 | 0.10 | -16.67 | 42.86 | 25.42 | -9.12 | -42.62 | 18.31 | -6.77 | 41.28 | 114.29 | 40.66 | 1385.71 | -14.29 | -176.19 | -115.48 | 37.24 | 24.88 | -25.21 |
| 22Q3 (12) | 0.55 | 17.02 | 1200.0 | 46.76 | -12.91 | 10.83 | 18.46 | -6.01 | 430.82 | 22.52 | -8.38 | 931.0 | 17.72 | -9.78 | 746.72 | 2.53 | 15.53 | 1200.0 | 2.14 | 11.46 | 1226.32 | 0.12 | 20.0 | 71.43 | 27.97 | -11.29 | 277.46 | 19.64 | 6.28 | 63.39 | 81.25 | -0.28 | -67.5 | 18.75 | 1.25 | 118.75 | 29.82 | -16.28 | -33.95 |
| 22Q2 (11) | 0.47 | 34.29 | -11.32 | 53.69 | 5.23 | -29.75 | 19.64 | 51.31 | -37.63 | 24.58 | 46.83 | -26.21 | 19.64 | 46.79 | -11.89 | 2.19 | 50.0 | 5.29 | 1.92 | 46.56 | 4.35 | 0.10 | 0.0 | 25.0 | 31.53 | 27.29 | -24.5 | 18.48 | 67.85 | 47.49 | 81.48 | 4.76 | -15.71 | 18.52 | -16.67 | 177.78 | 35.62 | -6.53 | -18.32 |
| 22Q1 (10) | 0.35 | -22.22 | 45.83 | 51.02 | -4.8 | -0.89 | 12.98 | 466.81 | 93.15 | 16.74 | -49.73 | 36.65 | 13.38 | -44.37 | 36.53 | 1.46 | -23.56 | 53.68 | 1.31 | -23.39 | 55.95 | 0.10 | 42.86 | 25.0 | 24.77 | -44.09 | 21.24 | 11.01 | -15.05 | -20.68 | 77.78 | 911.11 | 42.59 | 22.22 | -75.93 | -51.11 | 38.11 | -23.46 | -5.46 |
| 21Q4 (9) | 0.45 | 1000.0 | -45.12 | 53.59 | 27.02 | -16.07 | 2.29 | 141.04 | -89.18 | 33.30 | 1328.78 | -3.39 | 24.05 | 977.74 | -20.94 | 1.91 | 930.43 | -42.64 | 1.71 | 1000.0 | -41.03 | 0.07 | 0.0 | -22.22 | 44.30 | 497.84 | 3.7 | 12.96 | 7.82 | -21.93 | 7.69 | -96.92 | -87.76 | 92.31 | 192.31 | 130.77 | 49.79 | 10.28 | 36.37 |
| 21Q3 (8) | -0.05 | -109.43 | 64.29 | 42.19 | -44.8 | 3.71 | -5.58 | -117.72 | 73.15 | -2.71 | -108.14 | 75.8 | -2.74 | -112.29 | 67.88 | -0.23 | -111.06 | 58.93 | -0.19 | -110.33 | 60.42 | 0.07 | -12.5 | 16.67 | 7.41 | -82.26 | 351.83 | 12.02 | -4.07 | -14.33 | 250.00 | 158.62 | 34.62 | -100.00 | -1600.0 | -16.67 | 45.15 | 3.53 | -26.56 |
| 21Q2 (7) | 0.53 | 120.83 | 282.76 | 76.43 | 48.47 | 96.07 | 31.49 | 368.6 | 190.33 | 33.31 | 171.92 | 276.71 | 22.29 | 127.45 | 209.97 | 2.08 | 118.95 | 292.59 | 1.84 | 119.05 | 293.68 | 0.08 | 0.0 | 60.0 | 41.76 | 104.41 | 2188.0 | 12.53 | -9.73 | 0.24 | 96.67 | 77.22 | -48.82 | 6.67 | -85.33 | 107.5 | 43.61 | 8.19 | -43.85 |
| 21Q1 (6) | 0.24 | -70.73 | 180.0 | 51.48 | -19.37 | 16.26 | 6.72 | -68.26 | 134.98 | 12.25 | -64.46 | 170.48 | 9.80 | -67.78 | 156.39 | 0.95 | -71.47 | 187.16 | 0.84 | -71.03 | 186.6 | 0.08 | -11.11 | 33.33 | 20.43 | -52.18 | 515.24 | 13.88 | -16.39 | 21.43 | 54.55 | -13.22 | -50.0 | 45.45 | 13.64 | 600.0 | 40.31 | 10.41 | -36.7 |
| 20Q4 (5) | 0.82 | 685.71 | 241.67 | 63.85 | 56.96 | -9.62 | 21.17 | 201.88 | 77.45 | 34.47 | 407.77 | 141.89 | 30.42 | 456.62 | 140.47 | 3.33 | 694.64 | 306.1 | 2.90 | 704.17 | 281.58 | 0.09 | 50.0 | 50.0 | 42.72 | 2504.88 | 60.84 | 16.60 | 18.32 | 70.96 | 62.86 | -66.15 | -29.29 | 40.00 | 146.67 | 260.0 | 36.51 | -40.61 | -33.42 |
| 20Q3 (4) | -0.14 | 51.72 | 0.0 | 40.68 | 4.36 | 0.0 | -20.78 | 40.39 | 0.0 | -11.20 | 40.58 | 0.0 | -8.53 | 57.92 | 0.0 | -0.56 | 48.15 | 0.0 | -0.48 | 49.47 | 0.0 | 0.06 | 20.0 | 0.0 | 1.64 | 182.0 | 0.0 | 14.03 | 12.24 | 0.0 | 185.71 | -1.68 | 0.0 | -85.71 | 3.57 | 0.0 | 61.48 | -20.84 | 0.0 |
| 20Q2 (3) | -0.29 | 3.33 | 0.0 | 38.98 | -11.97 | 0.0 | -34.86 | -81.47 | 0.0 | -18.85 | -8.46 | 0.0 | -20.27 | -16.63 | 0.0 | -1.08 | 0.92 | 0.0 | -0.95 | 2.06 | 0.0 | 0.05 | -16.67 | 0.0 | -2.00 | 59.35 | 0.0 | 12.50 | 9.36 | 0.0 | 188.89 | 73.15 | 0.0 | -88.89 | -877.78 | 0.0 | 77.67 | 21.97 | 0.0 |
| 20Q1 (2) | -0.30 | -225.0 | 0.0 | 44.28 | -37.32 | 0.0 | -19.21 | -261.02 | 0.0 | -17.38 | -221.96 | 0.0 | -17.38 | -237.39 | 0.0 | -1.09 | -232.93 | 0.0 | -0.97 | -227.63 | 0.0 | 0.06 | 0.0 | 0.0 | -4.92 | -118.52 | 0.0 | 11.43 | 17.71 | 0.0 | 109.09 | 22.73 | 0.0 | -9.09 | -181.82 | 0.0 | 63.68 | 16.12 | 0.0 |
| 19Q4 (1) | 0.24 | 0.0 | 0.0 | 70.65 | 0.0 | 0.0 | 11.93 | 0.0 | 0.0 | 14.25 | 0.0 | 0.0 | 12.65 | 0.0 | 0.0 | 0.82 | 0.0 | 0.0 | 0.76 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | 26.56 | 0.0 | 0.0 | 9.71 | 0.0 | 0.0 | 88.89 | 0.0 | 0.0 | 11.11 | 0.0 | 0.0 | 54.84 | 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) | 1.20 | -29.82 | 47.92 | -7.24 | 10.62 | -41.0 | 7.52 | 16.76 | 15.58 | -24.0 | 12.06 | -26.51 | 5.93 | -23.97 | 4.96 | -26.84 | 0.41 | 0.0 | 23.37 | -14.83 | 23.31 | 27.31 | 68.35 | -22.22 | 31.65 | 161.08 | 0.08 | -4.1 | 37.88 | 8.66 |
| 2022 (9) | 1.71 | 56.88 | 51.66 | -8.34 | 18.00 | 92.51 | 6.44 | -26.1 | 20.50 | 7.33 | 16.41 | 22.46 | 7.80 | 65.25 | 6.78 | 63.37 | 0.41 | 32.26 | 27.44 | -3.69 | 18.31 | 41.28 | 87.88 | 81.25 | 12.12 | -76.47 | 0.08 | -53.7 | 34.86 | -21.65 |
| 2021 (8) | 1.09 | 678.57 | 56.36 | 13.08 | 9.35 | 0 | 8.72 | -20.06 | 19.10 | 506.35 | 13.40 | 580.2 | 4.72 | 742.86 | 4.15 | 641.07 | 0.31 | 24.0 | 28.49 | 91.08 | 12.96 | -21.93 | 48.48 | 0 | 51.52 | -84.01 | 0.18 | -33.99 | 44.49 | -19.92 |
| 2020 (7) | 0.14 | 75.0 | 49.84 | -0.78 | -7.29 | 0 | 10.91 | 11.27 | 3.15 | 83.14 | 1.97 | 85.85 | 0.56 | 43.59 | 0.56 | 36.59 | 0.25 | -21.88 | 14.91 | 18.8 | 16.60 | 70.96 | -222.22 | 0 | 322.22 | 17.17 | 0.27 | 45.69 | 55.56 | 6.25 |
| 2019 (6) | 0.08 | -94.52 | 50.23 | 15.52 | -2.52 | 0 | 9.80 | 364.99 | 1.72 | -88.17 | 1.06 | -90.99 | 0.39 | -96.15 | 0.41 | -95.12 | 0.32 | -54.93 | 12.55 | -28.16 | 9.71 | -58.13 | -150.00 | 0 | 275.00 | 1000.0 | 0.18 | -77.26 | 52.29 | 32.58 |
| 2018 (5) | 1.46 | 40.38 | 43.48 | -9.81 | 10.82 | 1.41 | 2.11 | -31.83 | 14.54 | 39.81 | 11.77 | 45.85 | 10.14 | 55.76 | 8.41 | 56.32 | 0.71 | 5.97 | 17.47 | 18.2 | 23.19 | 29.77 | 75.00 | -27.42 | 25.00 | 0 | 0.81 | 0 | 39.44 | -12.96 |
| 2017 (4) | 1.04 | 4.0 | 48.21 | -1.49 | 10.67 | 33.04 | 3.09 | -11.86 | 10.40 | 27.76 | 8.07 | 19.56 | 6.51 | 15.02 | 5.38 | 14.96 | 0.67 | -2.9 | 14.78 | 20.36 | 17.87 | -26.43 | 103.33 | 3.33 | -3.33 | 0 | 0.00 | 0 | 45.31 | -1.01 |
| 2016 (3) | 1.00 | 2.04 | 48.94 | -8.11 | 8.02 | 19.35 | 3.51 | -16.96 | 8.14 | 13.06 | 6.75 | 20.32 | 5.66 | 14.57 | 4.68 | 11.69 | 0.69 | -8.0 | 12.28 | -0.32 | 24.29 | 43.05 | 100.00 | 5.26 | 0.00 | 0 | 0.00 | 0 | 45.77 | -13.95 |
| 2015 (2) | 0.98 | -59.34 | 53.26 | 9.41 | 6.72 | -31.71 | 4.23 | 70.07 | 7.20 | -28.43 | 5.61 | -32.41 | 4.94 | -59.54 | 4.19 | -57.59 | 0.75 | -36.44 | 12.32 | -11.87 | 16.98 | -10.44 | 95.00 | -5.0 | 5.00 | 60.0 | 0.00 | 0 | 53.19 | 13.29 |
| 2014 (1) | 2.41 | 16.43 | 48.68 | 0 | 9.84 | 0 | 2.48 | 7.25 | 10.06 | 0 | 8.30 | 0 | 12.21 | 0 | 9.88 | 0 | 1.18 | -22.37 | 13.98 | -2.17 | 18.96 | -50.18 | 100.00 | 3.57 | 3.12 | -9.37 | 0.00 | 0 | 46.95 | 4.45 |
