- 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) | 0.67 | -30.93 | 81.08 | 64.01 | 1.12 | 5.52 | 11.72 | -39.21 | 85.15 | 13.45 | -37.56 | 12.74 | 9.61 | -24.21 | 25.29 | 1.67 | -36.5 | 53.21 | 1.27 | -36.82 | 45.98 | 0.13 | -18.75 | 18.18 | 19.46 | -26.57 | 7.04 | 30.26 | -18.48 | 16.56 | 87.50 | -2.21 | 63.33 | 12.50 | 18.75 | -73.08 | 36.07 | 4.85 | -12.66 |
| 24Q2 (19) | 0.97 | 223.33 | -17.09 | 63.30 | 1.17 | -5.35 | 19.28 | 98.56 | -1.43 | 21.54 | 42.74 | -4.52 | 12.68 | 13.21 | -29.12 | 2.63 | 63.35 | -23.77 | 2.01 | 58.27 | -24.72 | 0.16 | 45.45 | 6.67 | 26.50 | 19.48 | -2.21 | 37.12 | 36.62 | 10.67 | 89.47 | 40.05 | 2.67 | 10.53 | -70.85 | -18.13 | 34.40 | -4.47 | -4.84 |
| 24Q1 (18) | 0.30 | 2900.0 | -6.25 | 62.57 | 7.1 | 4.84 | 9.71 | 406.31 | 322.17 | 15.09 | 9531.25 | 67.48 | 11.20 | 1156.6 | 40.35 | 1.61 | 1106.25 | 75.0 | 1.27 | 1370.0 | 69.33 | 0.11 | 0.0 | 22.22 | 22.18 | 237.08 | 33.78 | 27.17 | -10.09 | -3.28 | 63.89 | 0 | 171.53 | 36.11 | 0 | -52.78 | 36.01 | -22.19 | -16.28 |
| 23Q4 (17) | 0.01 | -97.3 | 102.13 | 58.42 | -3.69 | -5.01 | -3.17 | -150.08 | 46.09 | -0.16 | -101.34 | 93.73 | -1.06 | -113.82 | 91.15 | -0.16 | -114.68 | 88.49 | -0.10 | -111.49 | 89.69 | 0.11 | 0.0 | 22.22 | 6.58 | -63.81 | 13.06 | 30.22 | 16.41 | -7.04 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | 100.0 | 46.28 | 12.06 | -16.67 |
| 23Q3 (16) | 0.37 | -68.38 | 60.87 | 60.66 | -9.3 | 7.15 | 6.33 | -67.64 | 431.93 | 11.93 | -47.12 | 40.68 | 7.67 | -57.13 | 62.5 | 1.09 | -68.41 | 75.81 | 0.87 | -67.42 | 77.55 | 0.11 | -26.67 | 10.0 | 18.18 | -32.92 | 12.22 | 25.96 | -22.6 | -28.05 | 53.57 | -38.52 | 221.43 | 46.43 | 261.11 | -47.77 | 41.30 | 14.25 | -5.34 |
| 23Q2 (15) | 1.17 | 265.62 | 10.38 | 66.88 | 12.06 | 10.34 | 19.56 | 750.43 | 23.02 | 22.56 | 150.39 | 8.67 | 17.89 | 124.19 | 0.56 | 3.45 | 275.0 | 16.16 | 2.67 | 256.0 | 16.09 | 0.15 | 66.67 | 15.38 | 27.10 | 63.45 | 1.08 | 33.54 | 19.4 | -4.44 | 87.14 | 270.36 | 12.89 | 12.86 | -83.19 | -43.63 | 36.15 | -15.95 | 0.75 |
| 23Q1 (14) | 0.32 | 168.09 | -5.88 | 59.68 | -2.96 | -6.05 | 2.30 | 139.12 | -51.68 | 9.01 | 453.33 | -12.27 | 7.98 | 166.61 | -9.42 | 0.92 | 166.19 | -7.07 | 0.75 | 177.32 | -6.25 | 0.09 | 0.0 | 0.0 | 16.58 | 184.88 | -12.83 | 28.09 | -13.6 | 7.58 | 23.53 | -89.3 | -50.33 | 76.47 | 163.73 | 45.29 | 43.01 | -22.56 | 2.33 |
| 22Q4 (13) | -0.47 | -304.35 | -188.68 | 61.50 | 8.64 | 0.0 | -5.88 | -594.12 | -208.09 | -2.55 | -130.07 | -123.63 | -11.98 | -353.81 | -223.76 | -1.39 | -324.19 | -189.68 | -0.97 | -297.96 | -178.23 | 0.09 | -10.0 | -30.77 | 5.82 | -64.07 | -66.26 | 32.51 | -9.89 | 29.83 | 220.00 | 1220.0 | 324.29 | -120.00 | -235.0 | -331.43 | 55.54 | 27.3 | 28.18 |
| 22Q3 (12) | 0.23 | -78.3 | 666.67 | 56.61 | -6.6 | 10.39 | 1.19 | -92.52 | 129.24 | 8.48 | -59.15 | 3240.74 | 4.72 | -73.47 | 997.67 | 0.62 | -79.12 | 1140.0 | 0.49 | -78.7 | 716.67 | 0.10 | -23.08 | 0.0 | 16.20 | -39.57 | 86.85 | 36.08 | 2.79 | 24.41 | 16.67 | -78.41 | -97.92 | 88.89 | 289.74 | 112.7 | 43.63 | 21.6 | 13.56 |
| 22Q2 (11) | 1.06 | 211.76 | 70.97 | 60.61 | -4.58 | 2.76 | 15.90 | 234.03 | 9.88 | 20.76 | 102.14 | 21.62 | 17.79 | 101.93 | 73.9 | 2.97 | 200.0 | 68.75 | 2.30 | 187.5 | 58.62 | 0.13 | 44.44 | -7.14 | 26.81 | 40.96 | 21.26 | 35.10 | 34.43 | 63.26 | 77.19 | 62.96 | -7.74 | 22.81 | -56.67 | 59.65 | 35.88 | -14.63 | 18.89 |
| 22Q1 (10) | 0.34 | -35.85 | 9.68 | 63.52 | 3.28 | 5.87 | 4.76 | -12.5 | 43.37 | 10.27 | -4.82 | 9.84 | 8.81 | -8.99 | 8.9 | 0.99 | -36.13 | 11.24 | 0.80 | -35.48 | 11.11 | 0.09 | -30.77 | 0.0 | 19.02 | 10.26 | 11.03 | 26.11 | 4.27 | 6.01 | 47.37 | -8.65 | 34.21 | 52.63 | 1.5 | -18.66 | 42.03 | -3.0 | 5.42 |
| 21Q4 (9) | 0.53 | 1666.67 | -61.03 | 61.50 | 19.93 | 7.29 | 5.44 | 233.66 | -62.97 | 10.79 | 4096.3 | -45.09 | 9.68 | 2151.16 | -46.78 | 1.55 | 3000.0 | -61.63 | 1.24 | 1966.67 | -61.85 | 0.13 | 30.0 | -27.78 | 17.25 | 98.96 | -25.52 | 25.04 | -13.66 | -5.62 | 51.85 | -93.52 | -30.2 | 51.85 | 107.41 | 101.65 | 43.33 | 12.78 | 34.44 |
| 21Q3 (8) | 0.03 | -95.16 | -94.34 | 51.28 | -13.06 | -12.48 | -4.07 | -128.13 | -152.52 | -0.27 | -101.58 | -102.14 | 0.43 | -95.8 | -96.38 | 0.05 | -97.16 | -96.99 | 0.06 | -95.86 | -95.28 | 0.10 | -28.57 | -9.09 | 8.67 | -60.79 | -54.05 | 29.00 | 34.88 | 25.11 | 800.00 | 856.1 | 1250.0 | -700.00 | -5000.0 | -1990.0 | 38.42 | 27.3 | 5.64 |
| 21Q2 (7) | 0.62 | 100.0 | 87.88 | 58.98 | -1.7 | -11.72 | 14.47 | 335.84 | 441.95 | 17.07 | 82.57 | 64.61 | 10.23 | 26.45 | 7.35 | 1.76 | 97.75 | 85.26 | 1.45 | 101.39 | 90.79 | 0.14 | 55.56 | 75.0 | 22.11 | 29.07 | 22.36 | 21.50 | -12.71 | -49.73 | 83.67 | 137.07 | 255.61 | 14.29 | -77.92 | -81.32 | 30.18 | -24.3 | -24.15 |
| 21Q1 (6) | 0.31 | -77.21 | 1133.33 | 60.00 | 4.68 | -15.1 | 3.32 | -77.4 | 127.44 | 9.35 | -52.42 | 892.37 | 8.09 | -55.53 | 727.13 | 0.89 | -77.97 | 1212.5 | 0.72 | -77.85 | 1300.0 | 0.09 | -50.0 | 80.0 | 17.13 | -26.04 | 93.56 | 24.63 | -7.16 | 43.87 | 35.29 | -52.49 | -97.48 | 64.71 | 151.63 | 105.39 | 39.87 | 23.7 | -24.09 |
| 20Q4 (5) | 1.36 | 156.6 | -52.61 | 57.32 | -2.17 | -10.04 | 14.69 | 89.55 | -45.04 | 19.65 | 55.46 | -21.12 | 18.19 | 53.24 | -44.07 | 4.04 | 143.37 | -46.7 | 3.25 | 155.91 | -49.14 | 0.18 | 63.64 | -10.0 | 23.16 | 22.73 | -14.88 | 26.53 | 14.45 | 41.12 | 74.29 | 25.36 | -31.02 | 25.71 | -30.57 | 434.29 | 32.23 | -11.38 | 6.9 |
| 20Q3 (4) | 0.53 | 60.61 | 0.0 | 58.59 | -12.3 | 0.0 | 7.75 | 190.26 | 0.0 | 12.64 | 21.89 | 0.0 | 11.87 | 24.55 | 0.0 | 1.66 | 74.74 | 0.0 | 1.27 | 67.11 | 0.0 | 0.11 | 37.5 | 0.0 | 18.87 | 4.43 | 0.0 | 23.18 | -45.8 | 0.0 | 59.26 | 151.85 | 0.0 | 37.04 | -51.57 | 0.0 | 36.37 | -8.6 | 0.0 |
| 20Q2 (3) | 0.33 | 1200.0 | 0.0 | 66.81 | -5.46 | 0.0 | 2.67 | 122.07 | 0.0 | 10.37 | 978.81 | 0.0 | 9.53 | 838.76 | 0.0 | 0.95 | 1287.5 | 0.0 | 0.76 | 1366.67 | 0.0 | 0.08 | 60.0 | 0.0 | 18.07 | 104.18 | 0.0 | 42.77 | 149.82 | 0.0 | 23.53 | -98.32 | 0.0 | 76.47 | 106.37 | 0.0 | 39.79 | -24.24 | 0.0 |
| 20Q1 (2) | -0.03 | -101.05 | 0.0 | 70.67 | 10.91 | 0.0 | -12.10 | -145.27 | 0.0 | -1.18 | -104.74 | 0.0 | -1.29 | -103.97 | 0.0 | -0.08 | -101.06 | 0.0 | -0.06 | -100.94 | 0.0 | 0.05 | -75.0 | 0.0 | 8.85 | -67.48 | 0.0 | 17.12 | -8.94 | 0.0 | 1400.00 | 1200.0 | 0.0 | -1200.00 | -15500.0 | 0.0 | 52.52 | 74.2 | 0.0 |
| 19Q4 (1) | 2.87 | 0.0 | 0.0 | 63.72 | 0.0 | 0.0 | 26.73 | 0.0 | 0.0 | 24.91 | 0.0 | 0.0 | 32.52 | 0.0 | 0.0 | 7.58 | 0.0 | 0.0 | 6.39 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 27.21 | 0.0 | 0.0 | 18.80 | 0.0 | 0.0 | 107.69 | 0.0 | 0.0 | -7.69 | 0.0 | 0.0 | 30.15 | 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) | 1.86 | 60.34 | 61.89 | 2.42 | 7.39 | 44.9 | 5.46 | -18.5 | 11.73 | 13.11 | 8.80 | 44.03 | 5.28 | 60.49 | 4.13 | 51.84 | 0.46 | 9.52 | 17.82 | -1.05 | 30.22 | -7.04 | 63.16 | 29.19 | 36.84 | -27.92 | 1.64 | -7.85 | 41.23 | -5.04 |
| 2022 (9) | 1.16 | -21.62 | 60.43 | 3.78 | 5.10 | -12.07 | 6.70 | 9.67 | 10.37 | 2.78 | 6.11 | -19.18 | 3.29 | -22.95 | 2.72 | -21.16 | 0.42 | -6.67 | 18.01 | 7.27 | 32.51 | 29.83 | 48.89 | -14.21 | 51.11 | 21.88 | 1.78 | -10.44 | 43.42 | 15.76 |
| 2021 (8) | 1.48 | -32.73 | 58.23 | -4.99 | 5.80 | -17.26 | 6.11 | 12.18 | 10.09 | -24.08 | 7.56 | -38.54 | 4.27 | -28.24 | 3.45 | -29.88 | 0.45 | 12.5 | 16.79 | -12.42 | 25.04 | -5.62 | 56.99 | 8.18 | 41.94 | -11.38 | 1.99 | -3.64 | 37.51 | 0.13 |
| 2020 (7) | 2.20 | -79.05 | 61.29 | -9.56 | 7.01 | -80.78 | 5.44 | 131.52 | 13.29 | -66.25 | 12.30 | -64.28 | 5.95 | -78.81 | 4.92 | -78.67 | 0.40 | -40.3 | 19.17 | -54.18 | 26.53 | 41.12 | 52.68 | -43.12 | 47.32 | 541.09 | 2.07 | 404.44 | 37.46 | 55.63 |
| 2019 (6) | 10.50 | -5.32 | 67.77 | 1.09 | 36.47 | -13.43 | 2.35 | 59.65 | 39.38 | -8.33 | 34.43 | 8.44 | 28.08 | -14.93 | 23.07 | -9.39 | 0.67 | -16.25 | 41.84 | -5.94 | 18.80 | -24.68 | 92.62 | -5.6 | 7.38 | 291.21 | 0.41 | 334.83 | 24.07 | 46.06 |
| 2018 (5) | 11.09 | -66.12 | 67.04 | 11.07 | 42.13 | 16.09 | 1.47 | 59.98 | 42.96 | 17.06 | 31.75 | 14.91 | 33.01 | -30.94 | 25.46 | -8.19 | 0.80 | -20.0 | 44.48 | 18.2 | 24.96 | -35.07 | 98.11 | -0.64 | 1.89 | 50.47 | 0.09 | 0 | 16.48 | -6.63 |
| 2017 (4) | 32.73 | 1275.21 | 60.36 | 16.64 | 36.29 | 50.96 | 0.92 | -19.91 | 36.70 | 34.68 | 27.63 | 41.84 | 47.80 | -74.27 | 27.73 | 12.22 | 1.00 | -21.26 | 37.63 | 31.99 | 38.44 | -90.88 | 98.75 | 10.97 | 1.25 | -89.43 | 0.00 | 0 | 17.65 | -19.04 |
| 2016 (3) | 2.38 | 580.0 | 51.75 | -4.54 | 24.04 | 232.5 | 1.15 | -51.72 | 27.25 | 255.74 | 19.48 | 250.99 | 185.79 | 0 | 24.71 | 0 | 1.27 | 0 | 28.51 | 185.1 | 421.50 | -95.88 | 88.98 | -5.08 | 11.86 | 89.83 | 0.00 | 0 | 21.80 | -21.36 |
| 2015 (2) | 0.35 | 0 | 54.21 | 0 | 7.23 | 0 | 2.38 | 0 | 7.66 | 0 | 5.55 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 10.00 | 0 | 10228.30 | 0 | 93.75 | 0 | 6.25 | 0 | 0.00 | 0 | 27.72 | 0 |
