- 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) | 0.78 | 105.26 | -29.09 | 62.20 | -15.26 | -23.73 | 12.35 | 11.66 | -45.35 | 18.39 | 11.52 | -33.78 | 9.82 | 98300.0 | -44.64 | 1.45 | 0 | -46.69 | 1.07 | 664.29 | -50.23 | 0.09 | 12.5 | -25.0 | 31.91 | 15.74 | -10.42 | 71.94 | 27.28 | 98.78 | 68.09 | 2.13 | -16.78 | 34.04 | 2.13 | 87.23 | 44.55 | -8.37 | 20.8 |
| 24Q2 (19) | 0.38 | -35.59 | -68.07 | 73.40 | -10.03 | -9.98 | 11.06 | -46.85 | -55.56 | 16.49 | -30.45 | -43.95 | -0.01 | -100.12 | -100.05 | 0.00 | -100.0 | -100.0 | 0.14 | -81.33 | -95.32 | 0.08 | 0.0 | -42.86 | 27.57 | -16.25 | -24.9 | 56.52 | 231.69 | 143.31 | 66.67 | -25.49 | -21.37 | 33.33 | 153.33 | 119.05 | 48.62 | 12.49 | 30.42 |
| 24Q1 (18) | 0.59 | 427.78 | -23.38 | 81.58 | 9.3 | 1.46 | 20.81 | 1102.89 | 0.43 | 23.71 | 488.69 | 13.61 | 8.30 | 162.03 | -40.5 | 0.79 | 158.96 | -64.41 | 0.75 | 186.21 | -60.94 | 0.08 | 0.0 | -42.86 | 32.92 | 408.81 | 21.79 | 17.04 | 18.58 | -20.04 | 89.47 | 457.89 | -10.53 | 13.16 | -90.43 | 0 | 43.22 | -26.73 | 21.44 |
| 23Q4 (17) | -0.18 | -116.36 | -126.09 | 74.64 | -8.47 | -2.56 | 1.73 | -92.35 | -85.93 | -6.10 | -121.97 | -137.61 | -13.38 | -175.42 | -205.94 | -1.34 | -149.26 | -172.04 | -0.87 | -140.47 | -153.7 | 0.08 | -33.33 | -38.46 | 6.47 | -81.84 | -69.21 | 14.37 | -60.29 | 27.51 | -25.00 | -130.56 | -132.35 | 137.50 | 656.25 | 505.0 | 58.99 | 59.95 | 42.9 |
| 23Q3 (16) | 1.10 | -7.56 | -23.08 | 81.55 | 0.01 | -8.26 | 22.60 | -9.2 | -29.0 | 27.77 | -5.61 | -28.0 | 17.74 | -17.68 | -47.53 | 2.72 | -23.81 | -45.16 | 2.15 | -28.09 | -48.44 | 0.12 | -14.29 | 0.0 | 35.62 | -2.97 | -19.54 | 36.19 | 55.79 | 86.26 | 81.82 | -3.5 | -0.65 | 18.18 | 19.48 | 3.03 | 36.88 | -1.07 | 15.5 |
| 23Q2 (15) | 1.19 | 54.55 | 46.91 | 81.54 | 1.41 | 7.12 | 24.89 | 20.13 | 2.34 | 29.42 | 40.97 | 5.18 | 21.55 | 54.48 | 10.51 | 3.57 | 60.81 | 23.53 | 2.99 | 55.73 | 23.55 | 0.14 | 0.0 | 16.67 | 36.71 | 35.81 | 8.39 | 23.23 | 9.01 | 20.24 | 84.78 | -15.22 | -1.09 | 15.22 | 0 | 6.52 | 37.28 | 4.75 | 0.05 |
| 23Q1 (14) | 0.77 | 11.59 | -12.5 | 80.41 | 4.97 | -5.27 | 20.72 | 68.46 | -31.23 | 20.87 | 28.67 | -30.04 | 13.95 | 10.45 | -32.18 | 2.22 | 19.35 | -25.5 | 1.92 | 18.52 | -23.51 | 0.14 | 7.69 | 16.67 | 27.03 | 28.65 | -25.19 | 21.31 | 89.09 | 0.33 | 100.00 | 29.41 | 0.0 | 0.00 | -100.0 | 0 | 35.59 | -13.78 | -16.04 |
| 22Q4 (13) | 0.69 | -51.75 | -11.54 | 76.60 | -13.83 | -7.15 | 12.30 | -61.36 | -52.67 | 16.22 | -57.95 | -35.17 | 12.63 | -62.64 | -29.12 | 1.86 | -62.5 | -25.9 | 1.62 | -61.15 | -23.94 | 0.13 | 8.33 | 8.33 | 21.01 | -52.54 | -34.06 | 11.27 | -42.0 | -36.18 | 77.27 | -6.17 | -25.39 | 22.73 | 28.79 | 736.36 | 41.28 | 29.28 | 7.95 |
| 22Q3 (12) | 1.43 | 76.54 | 169.81 | 88.89 | 16.78 | 8.15 | 31.83 | 30.88 | 22.56 | 38.57 | 37.9 | 94.41 | 33.81 | 73.38 | 170.48 | 4.96 | 71.63 | 193.49 | 4.17 | 72.31 | 195.74 | 0.12 | 0.0 | 9.09 | 44.27 | 30.71 | 65.62 | 19.43 | 0.57 | -0.41 | 82.35 | -3.92 | -36.65 | 17.65 | 23.53 | 158.82 | 31.93 | -14.3 | -18.11 |
| 22Q2 (11) | 0.81 | -7.95 | 224.0 | 76.12 | -10.32 | -4.65 | 24.32 | -19.28 | 14.5 | 27.97 | -6.24 | 62.05 | 19.50 | -5.2 | 444.69 | 2.89 | -3.02 | 502.08 | 2.42 | -3.59 | 490.24 | 0.12 | 0.0 | 9.09 | 33.87 | -6.26 | 34.09 | 19.32 | -9.04 | -20.0 | 85.71 | -14.29 | -31.43 | 14.29 | 0 | 157.14 | 37.26 | -12.1 | -16.21 |
| 22Q1 (10) | 0.88 | 12.82 | 388.89 | 84.88 | 2.88 | 1.76 | 30.13 | 15.93 | 113.39 | 29.83 | 19.22 | 201.62 | 20.57 | 15.43 | 1446.62 | 2.98 | 18.73 | 1762.5 | 2.51 | 17.84 | 1573.33 | 0.12 | 0.0 | 20.0 | 36.13 | 13.4 | 89.66 | 21.24 | 20.27 | -10.34 | 100.00 | -3.45 | -33.33 | 0.00 | 100.0 | 100.0 | 42.39 | 10.85 | -14.12 |
| 21Q4 (9) | 0.78 | 47.17 | 4000.0 | 82.50 | 0.38 | -1.48 | 25.99 | 0.08 | 89.02 | 25.02 | 26.11 | 146.02 | 17.82 | 42.56 | 329.34 | 2.51 | 48.52 | 413.75 | 2.13 | 51.06 | 432.81 | 0.12 | 9.09 | 33.33 | 31.86 | 19.19 | 52.95 | 17.66 | -9.48 | -14.81 | 103.57 | -20.33 | -27.5 | -3.57 | 88.1 | 91.67 | 38.24 | -1.92 | -28.83 |
| 21Q3 (8) | 0.53 | 112.0 | -20.9 | 82.19 | 2.96 | 5.18 | 25.97 | 22.27 | 11.99 | 19.84 | 14.95 | -18.42 | 12.50 | 249.16 | -33.12 | 1.69 | 252.08 | -34.5 | 1.41 | 243.9 | -35.91 | 0.11 | 0.0 | -8.33 | 26.73 | 5.82 | -18.08 | 19.51 | -19.21 | -8.36 | 130.00 | 4.0 | 35.91 | -30.00 | -20.0 | -790.0 | 38.99 | -12.32 | -2.62 |
| 21Q2 (7) | 0.25 | 38.89 | 25.0 | 79.83 | -4.29 | -2.28 | 21.24 | 50.42 | 10.17 | 17.26 | 74.52 | 26.63 | 3.58 | 169.17 | 8.16 | 0.48 | 200.0 | 6.67 | 0.41 | 173.33 | 0.0 | 0.11 | 10.0 | -8.33 | 25.26 | 32.6 | 14.92 | 24.15 | 1.94 | 48.52 | 125.00 | -16.67 | -16.67 | -25.00 | 50.0 | 40.0 | 44.47 | -9.91 | -2.41 |
| 21Q1 (6) | 0.18 | 1000.0 | -74.29 | 83.41 | -0.39 | 5.17 | 14.12 | 2.69 | -49.06 | 9.89 | -2.75 | -66.5 | 1.33 | 117.12 | -93.59 | 0.16 | 120.0 | -95.2 | 0.15 | 123.44 | -94.7 | 0.10 | 11.11 | -23.08 | 19.05 | -8.55 | -48.71 | 23.69 | 14.28 | 42.28 | 150.00 | 5.0 | 60.34 | -50.00 | -16.67 | -875.0 | 49.36 | -8.13 | 23.4 |
| 20Q4 (5) | -0.02 | -102.99 | -103.7 | 83.74 | 7.17 | 5.73 | 13.75 | -40.71 | -40.06 | 10.17 | -58.18 | -49.45 | -7.77 | -141.57 | -163.64 | -0.80 | -131.01 | -137.56 | -0.64 | -129.09 | -135.96 | 0.09 | -25.0 | -35.71 | 20.83 | -36.16 | -23.39 | 20.73 | -2.63 | -2.63 | 142.86 | 49.35 | 26.37 | -42.86 | -1085.71 | -228.57 | 53.73 | 34.19 | 27.05 |
| 20Q3 (4) | 0.67 | 235.0 | 0.0 | 78.14 | -4.35 | 0.0 | 23.19 | 20.28 | 0.0 | 24.32 | 78.43 | 0.0 | 18.69 | 464.65 | 0.0 | 2.58 | 473.33 | 0.0 | 2.20 | 436.59 | 0.0 | 0.12 | 0.0 | 0.0 | 32.63 | 48.45 | 0.0 | 21.29 | 30.93 | 0.0 | 95.65 | -36.23 | 0.0 | 4.35 | 110.43 | 0.0 | 40.04 | -12.14 | 0.0 |
| 20Q2 (3) | 0.20 | -71.43 | 0.0 | 81.69 | 3.0 | 0.0 | 19.28 | -30.45 | 0.0 | 13.63 | -53.83 | 0.0 | 3.31 | -84.05 | 0.0 | 0.45 | -86.49 | 0.0 | 0.41 | -85.51 | 0.0 | 0.12 | -7.69 | 0.0 | 21.98 | -40.82 | 0.0 | 16.26 | -2.34 | 0.0 | 150.00 | 60.34 | 0.0 | -41.67 | -745.83 | 0.0 | 45.57 | 13.93 | 0.0 |
| 20Q1 (2) | 0.70 | 29.63 | 0.0 | 79.31 | 0.14 | 0.0 | 27.72 | 20.84 | 0.0 | 29.52 | 46.72 | 0.0 | 20.75 | 69.94 | 0.0 | 3.33 | 56.34 | 0.0 | 2.83 | 58.99 | 0.0 | 0.13 | -7.14 | 0.0 | 37.14 | 36.59 | 0.0 | 16.65 | -21.79 | 0.0 | 93.55 | -17.25 | 0.0 | 6.45 | 149.46 | 0.0 | 40.00 | -5.41 | 0.0 |
| 19Q4 (1) | 0.54 | 0.0 | 0.0 | 79.20 | 0.0 | 0.0 | 22.94 | 0.0 | 0.0 | 20.12 | 0.0 | 0.0 | 12.21 | 0.0 | 0.0 | 2.13 | 0.0 | 0.0 | 1.78 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 27.19 | 0.0 | 0.0 | 21.29 | 0.0 | 0.0 | 113.04 | 0.0 | 0.0 | -13.04 | 0.0 | 0.0 | 42.29 | 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) | 2.81 | -26.25 | 79.68 | -2.31 | 17.93 | -26.4 | 6.61 | 41.05 | 18.71 | -33.08 | 10.64 | -50.67 | 4.94 | -60.64 | 4.75 | -56.94 | 0.41 | -19.61 | 27.11 | -19.29 | 14.37 | 27.51 | 96.46 | 10.35 | 4.42 | -64.85 | 6.18 | -44.42 | 41.76 | 9.41 |
| 2022 (9) | 3.81 | 118.97 | 81.56 | -0.5 | 24.36 | 9.24 | 4.69 | -26.12 | 27.96 | 50.48 | 21.57 | 127.29 | 12.55 | 155.6 | 11.03 | 163.25 | 0.51 | 18.6 | 33.59 | 28.5 | 11.27 | -36.18 | 87.41 | -27.49 | 12.59 | 0 | 11.12 | -32.85 | 38.17 | -9.78 |
| 2021 (8) | 1.74 | 12.26 | 81.97 | 1.85 | 22.30 | 3.0 | 6.35 | -11.41 | 18.58 | -8.65 | 9.49 | -6.78 | 4.91 | -9.91 | 4.19 | -8.91 | 0.43 | -2.27 | 26.14 | -9.64 | 17.66 | -14.81 | 120.55 | 12.92 | -20.55 | 0 | 16.56 | -15.39 | 42.31 | -4.12 |
| 2020 (7) | 1.55 | -36.21 | 80.48 | 1.71 | 21.65 | -13.98 | 7.16 | 7.18 | 20.34 | -21.74 | 10.18 | -37.66 | 5.45 | -51.3 | 4.60 | -53.3 | 0.44 | -26.67 | 28.93 | -14.03 | 20.73 | -2.63 | 106.76 | 9.78 | -6.76 | 0 | 19.58 | 28.13 | 44.13 | 10.91 |
| 2019 (6) | 2.43 | 8.97 | 79.13 | 11.06 | 25.17 | -3.82 | 6.68 | 144.29 | 25.99 | -14.79 | 16.33 | -24.75 | 11.19 | -28.91 | 9.85 | -29.94 | 0.60 | -7.69 | 33.65 | -0.27 | 21.29 | 164.8 | 97.25 | 13.08 | 2.75 | -80.34 | 15.28 | 756.94 | 39.79 | 5.57 |
| 2018 (5) | 2.23 | 116.5 | 71.25 | -7.36 | 26.17 | 9.59 | 2.74 | -33.85 | 30.50 | 19.0 | 21.70 | 75.42 | 15.74 | 52.67 | 14.06 | 70.84 | 0.65 | 0.0 | 33.74 | 9.44 | 8.04 | -58.32 | 86.00 | -8.62 | 14.00 | 90.4 | 1.78 | 0 | 37.69 | -1.36 |
| 2017 (4) | 1.03 | 47.14 | 76.91 | 9.25 | 23.88 | 44.99 | 4.14 | -15.23 | 25.63 | 47.38 | 12.37 | 55.01 | 10.31 | -7.37 | 8.23 | 24.13 | 0.65 | -15.58 | 30.83 | 28.57 | 19.29 | -51.42 | 94.12 | -1.29 | 7.35 | 58.09 | 0.00 | 0 | 38.21 | -0.16 |
| 2016 (3) | 0.70 | 79.49 | 70.40 | 3.12 | 16.47 | 13.43 | 4.88 | 5.85 | 17.39 | 3.39 | 7.98 | -16.96 | 11.13 | -93.86 | 6.63 | -51.82 | 0.77 | -36.36 | 23.98 | -14.69 | 39.71 | -87.68 | 95.35 | 10.25 | 4.65 | -65.58 | 0.00 | 0 | 38.27 | 2.77 |
| 2015 (2) | 0.39 | 0 | 68.27 | -3.42 | 14.52 | 478.49 | 4.61 | -8.35 | 16.82 | 248.24 | 9.61 | 98.96 | 181.35 | 0 | 13.76 | 55.66 | 1.21 | 0.83 | 28.11 | 48.03 | 322.23 | -47.91 | 86.49 | 94.59 | 13.51 | -69.59 | 0.00 | 0 | 37.24 | 140.41 |
| 2014 (1) | -3.48 | 0 | 70.69 | 0 | 2.51 | 0 | 5.03 | 0 | 4.83 | 0 | 4.83 | 0 | 0.00 | 0 | 8.84 | 0 | 1.20 | 0 | 18.99 | 0 | 618.55 | 6.08 | 44.44 | 0 | 44.44 | 0 | 0.00 | 0 | 15.49 | 0 |
