- 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) | 1.48 | 48.0 | 548.48 | 76.42 | 0.5 | -1.42 | 15.53 | -0.38 | 26.16 | 28.06 | 47.45 | 1712.64 | 23.74 | 62.6 | 638.32 | 5.25 | 39.26 | 600.0 | 3.92 | 49.05 | 629.73 | 0.16 | -11.11 | -11.11 | 37.96 | 36.5 | 337.83 | 26.52 | -40.59 | -12.99 | 55.26 | -30.32 | 108.73 | 44.74 | 159.47 | -93.61 | 40.19 | -9.18 | -12.69 |
| 24Q2 (19) | 1.00 | 488.24 | -16.67 | 76.04 | 2.03 | -1.3 | 15.59 | 118.04 | 88.51 | 19.03 | 248.53 | 12.14 | 14.60 | 394.92 | -9.65 | 3.77 | 518.03 | -12.73 | 2.63 | 459.57 | -12.33 | 0.18 | 20.0 | 0.0 | 27.81 | 72.41 | 0.36 | 44.64 | -2.0 | 9.28 | 79.31 | -38.31 | 58.62 | 17.24 | 160.34 | -65.52 | 44.25 | -11.61 | -8.59 |
| 24Q1 (18) | 0.17 | -78.75 | -61.36 | 74.53 | -4.31 | -2.85 | 7.15 | -49.47 | 579.87 | 5.46 | -58.1 | -33.25 | 2.95 | -70.71 | -62.56 | 0.61 | -78.45 | -60.65 | 0.47 | -78.54 | -58.04 | 0.15 | -28.57 | 7.14 | 16.13 | -26.38 | -32.26 | 45.55 | 43.87 | -10.1 | 128.57 | 18.29 | 742.86 | -28.57 | -228.57 | -123.81 | 50.06 | 13.95 | -4.47 |
| 23Q4 (17) | 0.80 | 342.42 | -32.2 | 77.89 | 0.48 | 2.41 | 14.15 | 14.95 | 52.31 | 13.03 | 848.85 | -25.8 | 10.07 | 328.34 | -35.28 | 2.83 | 369.52 | -28.89 | 2.19 | 395.95 | -25.0 | 0.21 | 16.67 | 16.67 | 21.91 | 152.71 | -25.95 | 31.66 | 3.87 | -15.55 | 108.70 | 117.16 | 103.8 | -8.70 | -101.24 | -118.63 | 43.93 | -4.56 | 4.74 |
| 23Q3 (16) | -0.33 | -127.5 | -163.46 | 77.52 | 0.62 | 4.1 | 12.31 | 48.85 | 515.88 | -1.74 | -110.25 | -121.3 | -4.41 | -127.29 | -153.58 | -1.05 | -124.31 | -158.33 | -0.74 | -124.67 | -156.49 | 0.18 | 0.0 | 20.0 | 8.67 | -68.71 | -64.04 | 30.48 | -25.39 | -28.38 | -633.33 | -1366.67 | -1800.0 | 700.00 | 1300.0 | 425.0 | 46.03 | -4.92 | -9.51 |
| 23Q2 (15) | 1.20 | 172.73 | 100.0 | 77.04 | 0.42 | -0.76 | 8.27 | 655.03 | -2.71 | 16.97 | 107.46 | 73.34 | 16.16 | 105.08 | 104.04 | 4.32 | 178.71 | 92.0 | 3.00 | 167.86 | 92.31 | 0.18 | 28.57 | -5.26 | 27.71 | 16.38 | 18.12 | 40.85 | -19.38 | -14.41 | 50.00 | 350.0 | -40.0 | 50.00 | -58.33 | 350.0 | 48.41 | -7.61 | -0.39 |
| 23Q1 (14) | 0.44 | -62.71 | -45.0 | 76.72 | 0.87 | -4.0 | -1.49 | -116.04 | -111.88 | 8.18 | -53.42 | -30.91 | 7.88 | -49.36 | -12.74 | 1.55 | -61.06 | -44.04 | 1.12 | -61.64 | -42.27 | 0.14 | -22.22 | -33.33 | 23.81 | -19.53 | -0.08 | 50.67 | 35.16 | -3.85 | -20.00 | -137.5 | -119.17 | 120.00 | 157.14 | 2860.0 | 52.40 | 24.94 | 12.37 |
| 22Q4 (13) | 1.18 | 126.92 | 93.44 | 76.06 | 2.14 | -5.24 | 9.29 | 413.85 | 20.03 | 17.56 | 114.93 | 160.15 | 15.56 | 89.06 | 139.75 | 3.98 | 121.11 | 89.52 | 2.92 | 122.9 | 88.39 | 0.18 | 20.0 | -21.74 | 29.59 | 22.73 | 57.31 | 37.49 | -11.91 | -11.37 | 53.33 | 260.0 | -53.33 | 46.67 | -65.0 | 426.67 | 41.94 | -17.55 | -0.57 |
| 22Q3 (12) | 0.52 | -13.33 | 168.42 | 74.47 | -4.07 | 3.92 | -2.96 | -134.82 | 83.54 | 8.17 | -16.55 | 148.12 | 8.23 | 3.91 | 151.34 | 1.80 | -20.0 | 166.91 | 1.31 | -16.03 | 170.81 | 0.15 | -21.05 | 25.0 | 24.11 | 2.77 | 732.81 | 42.56 | -10.83 | -1.6 | -33.33 | -140.0 | -131.58 | 133.33 | 1100.0 | 2500.0 | 50.87 | 4.67 | -13.98 |
| 22Q2 (11) | 0.60 | -25.0 | 93.55 | 77.63 | -2.87 | 3.95 | 8.50 | -32.22 | 188.54 | 9.79 | -17.31 | 104.81 | 7.92 | -12.29 | 77.98 | 2.25 | -18.77 | 110.28 | 1.56 | -19.59 | 85.71 | 0.19 | -9.52 | 5.56 | 23.46 | -1.55 | 47.64 | 47.73 | -9.43 | 30.37 | 83.33 | -20.14 | 138.89 | 11.11 | 355.56 | -96.46 | 48.60 | 4.22 | -8.77 |
| 22Q1 (10) | 0.80 | 31.15 | 66.67 | 79.92 | -0.44 | 3.99 | 12.54 | 62.02 | 81.21 | 11.84 | 75.41 | 51.6 | 9.03 | 39.14 | 64.18 | 2.77 | 31.9 | 66.87 | 1.94 | 25.16 | 53.97 | 0.21 | -8.7 | -8.7 | 23.83 | 26.69 | 62.55 | 52.70 | 24.59 | 57.74 | 104.35 | -8.7 | 20.4 | -4.35 | 69.57 | -132.61 | 46.63 | 10.55 | -0.68 |
| 21Q4 (9) | 0.61 | 180.26 | 38.64 | 80.27 | 12.02 | 1.76 | 7.74 | 143.05 | 11.53 | 6.75 | 139.75 | 19.05 | 6.49 | 140.49 | 61.85 | 2.10 | 178.07 | 36.36 | 1.55 | 183.78 | 29.17 | 0.23 | 91.67 | -20.69 | 18.81 | 593.7 | 69.92 | 42.30 | -2.2 | 31.45 | 114.29 | 8.27 | -5.88 | -14.29 | -157.14 | 33.33 | 42.18 | -28.68 | -3.06 |
| 21Q3 (8) | -0.76 | -345.16 | -337.5 | 71.66 | -4.04 | -8.59 | -17.98 | -87.29 | -462.5 | -16.98 | -455.23 | -433.6 | -16.03 | -460.22 | -560.63 | -2.69 | -351.4 | -335.96 | -1.85 | -320.24 | -307.87 | 0.12 | -33.33 | -50.0 | -3.81 | -123.98 | -133.96 | 43.25 | 18.14 | 33.69 | 105.56 | 149.26 | 5.56 | -5.56 | -101.77 | 0 | 59.14 | 11.02 | 26.37 |
| 21Q2 (7) | 0.31 | -35.42 | -24.39 | 74.68 | -2.82 | -6.11 | -9.60 | -238.73 | -246.12 | 4.78 | -38.8 | -27.36 | 4.45 | -19.09 | -5.32 | 1.07 | -35.54 | -26.71 | 0.84 | -33.33 | -24.32 | 0.18 | -21.74 | -21.74 | 15.89 | 8.39 | 27.12 | 36.61 | 9.58 | 5.5 | -214.29 | -347.25 | -314.29 | 314.29 | 2257.14 | 0 | 53.27 | 13.46 | 12.6 |
| 21Q1 (6) | 0.48 | 9.09 | -34.25 | 76.85 | -2.57 | -4.78 | 6.92 | -0.29 | -29.1 | 7.81 | 37.74 | -23.43 | 5.50 | 37.16 | -28.66 | 1.66 | 7.79 | -36.15 | 1.26 | 5.0 | -36.04 | 0.23 | -20.69 | -8.0 | 14.66 | 32.43 | 2.16 | 33.41 | 3.82 | 1.74 | 86.67 | -28.63 | -9.0 | 13.33 | 162.22 | 180.0 | 46.95 | 7.91 | 1.45 |
| 20Q4 (5) | 0.44 | 37.5 | -71.43 | 78.88 | 0.63 | -5.15 | 6.94 | 39.92 | -48.36 | 5.67 | 11.39 | -58.15 | 4.01 | 15.23 | -63.91 | 1.54 | 35.09 | -72.35 | 1.20 | 34.83 | -71.9 | 0.29 | 20.83 | -23.68 | 11.07 | -1.34 | -33.59 | 32.18 | -0.53 | -1.77 | 121.43 | 21.43 | 21.43 | -21.43 | 0 | 0 | 43.51 | -7.03 | 14.29 |
| 20Q3 (4) | 0.32 | -21.95 | 0.0 | 78.39 | -1.45 | 0.0 | 4.96 | -24.51 | 0.0 | 5.09 | -22.64 | 0.0 | 3.48 | -25.96 | 0.0 | 1.14 | -21.92 | 0.0 | 0.89 | -19.82 | 0.0 | 0.24 | 4.35 | 0.0 | 11.22 | -10.24 | 0.0 | 32.35 | -6.77 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | 0.0 | 46.80 | -1.08 | 0.0 |
| 20Q2 (3) | 0.41 | -43.84 | 0.0 | 79.54 | -1.45 | 0.0 | 6.57 | -32.68 | 0.0 | 6.58 | -35.49 | 0.0 | 4.70 | -39.04 | 0.0 | 1.46 | -43.85 | 0.0 | 1.11 | -43.65 | 0.0 | 0.23 | -8.0 | 0.0 | 12.50 | -12.89 | 0.0 | 34.70 | 5.66 | 0.0 | 100.00 | 5.0 | 0.0 | 0.00 | -100.0 | 0.0 | 47.31 | 2.23 | 0.0 |
| 20Q1 (2) | 0.73 | -52.6 | 0.0 | 80.71 | -2.95 | 0.0 | 9.76 | -27.38 | 0.0 | 10.20 | -24.72 | 0.0 | 7.71 | -30.6 | 0.0 | 2.60 | -53.32 | 0.0 | 1.97 | -53.86 | 0.0 | 0.25 | -34.21 | 0.0 | 14.35 | -13.92 | 0.0 | 32.84 | 0.24 | 0.0 | 95.24 | -4.76 | 0.0 | 4.76 | 0 | 0.0 | 46.28 | 21.57 | 0.0 |
| 19Q4 (1) | 1.54 | 0.0 | 0.0 | 83.16 | 0.0 | 0.0 | 13.44 | 0.0 | 0.0 | 13.55 | 0.0 | 0.0 | 11.11 | 0.0 | 0.0 | 5.57 | 0.0 | 0.0 | 4.27 | 0.0 | 0.0 | 0.38 | 0.0 | 0.0 | 16.67 | 0.0 | 0.0 | 32.76 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 38.07 | 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) | 2.12 | -31.39 | 77.33 | 0.12 | 8.96 | 19.95 | 10.16 | -17.62 | 9.52 | -20.4 | 7.74 | -24.04 | 7.30 | -31.46 | 5.58 | -29.28 | 0.70 | -6.67 | 20.48 | -18.92 | 31.66 | -15.55 | 94.92 | 50.75 | 5.08 | -86.71 | 0.59 | -31.5 | 47.35 | 1.05 |
| 2022 (9) | 3.09 | 390.48 | 77.24 | 0.88 | 7.47 | 0 | 12.33 | 26.87 | 11.96 | 333.33 | 10.19 | 392.27 | 10.65 | 402.36 | 7.89 | 348.3 | 0.75 | 1.35 | 25.26 | 90.35 | 37.49 | -11.37 | 62.96 | 0 | 38.27 | -68.69 | 0.86 | -22.42 | 46.86 | -4.19 |
| 2021 (8) | 0.63 | -67.02 | 76.57 | -3.52 | -0.71 | 0 | 9.72 | 92.18 | 2.76 | -59.71 | 2.07 | -58.18 | 2.12 | -68.07 | 1.76 | -65.62 | 0.74 | -26.73 | 13.27 | 8.42 | 42.30 | 31.45 | -27.78 | 0 | 122.22 | 0 | 1.11 | 5.04 | 48.91 | 6.67 |
| 2020 (7) | 1.91 | -52.72 | 79.36 | -5.19 | 7.07 | -31.29 | 5.06 | 99.36 | 6.85 | -35.13 | 4.95 | -40.79 | 6.64 | -53.24 | 5.12 | -53.11 | 1.01 | -22.31 | 12.24 | -7.62 | 32.18 | -1.77 | 103.45 | 6.3 | -3.45 | 0 | 1.06 | 76.39 | 45.85 | 7.93 |
| 2019 (6) | 4.04 | -18.38 | 83.70 | -2.22 | 10.29 | -22.92 | 2.54 | 179.42 | 10.56 | -23.03 | 8.36 | -23.86 | 14.20 | -16.47 | 10.92 | -17.34 | 1.30 | 8.33 | 13.25 | -10.05 | 32.76 | 12.11 | 97.32 | 0.27 | 2.68 | -8.93 | 0.60 | 21.69 | 42.48 | 6.33 |
| 2018 (5) | 4.95 | -32.01 | 85.60 | -0.68 | 13.35 | -27.41 | 0.91 | 14.09 | 13.72 | -24.24 | 10.98 | -26.65 | 17.00 | -41.24 | 13.21 | -39.32 | 1.20 | -17.24 | 14.73 | -22.47 | 29.22 | 3.62 | 97.06 | -4.52 | 2.94 | 0 | 0.49 | 0 | 39.95 | 12.03 |
| 2017 (4) | 7.28 | 1.25 | 86.19 | 1.06 | 18.39 | -13.58 | 0.80 | 62.99 | 18.11 | -15.57 | 14.97 | -14.8 | 28.93 | -33.09 | 21.77 | -29.32 | 1.45 | -17.14 | 19.00 | -14.49 | 28.20 | -30.88 | 101.65 | 2.82 | -1.65 | 0 | 0.00 | 0 | 35.66 | 9.32 |
| 2016 (3) | 7.19 | 1.27 | 85.29 | 3.07 | 21.28 | 22.65 | 0.49 | -6.88 | 21.45 | 18.31 | 17.57 | 16.82 | 43.24 | 0.49 | 30.80 | 18.46 | 1.75 | 1.74 | 22.22 | 15.55 | 40.80 | 2.41 | 98.86 | 3.86 | 0.57 | -85.23 | 0.00 | 0 | 32.62 | -3.43 |
| 2015 (2) | 7.10 | -55.12 | 82.75 | 3.7 | 17.35 | 24.19 | 0.52 | -53.77 | 18.13 | 27.23 | 15.04 | 27.24 | 43.03 | -49.68 | 26.00 | -1.92 | 1.72 | -23.21 | 19.23 | 21.1 | 39.84 | -68.66 | 95.19 | -2.59 | 3.85 | 69.23 | 0.00 | 0 | 33.78 | 5.36 |
| 2014 (1) | 15.82 | 46.48 | 79.80 | 0 | 13.97 | 0 | 1.13 | 6.27 | 14.25 | 0 | 11.82 | 0 | 85.52 | 0 | 26.51 | 0 | 2.24 | 19.79 | 15.88 | 3.79 | 127.13 | -72.06 | 97.73 | -2.27 | 2.27 | -9.09 | 0.00 | 0 | 32.06 | 28.7 |
