- 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) | 0.25 | -75.25 | -45.65 | 29.58 | -19.84 | 50.69 | 9.33 | -43.56 | 1292.54 | 5.06 | -78.07 | -53.1 | 4.05 | -78.19 | -52.69 | 1.00 | -75.12 | -47.09 | 0.74 | -74.22 | -45.99 | 0.17 | 13.33 | 13.33 | 8.83 | -67.8 | -41.52 | 44.48 | -5.02 | 14.88 | 185.71 | 158.19 | 2314.29 | -85.71 | -405.36 | -189.14 | 11.78 | -0.59 | 9.79 |
| 24Q2 (19) | 1.01 | 5.21 | 380.95 | 36.90 | 34.18 | 284.78 | 16.53 | 124.59 | 2567.16 | 23.07 | 2.62 | 361.4 | 18.57 | 3.28 | 392.57 | 4.02 | 2.55 | 384.34 | 2.87 | -0.35 | 362.9 | 0.15 | -6.25 | 0.0 | 27.42 | 3.35 | 213.01 | 46.83 | 20.98 | -2.23 | 71.93 | 119.79 | 567.54 | 28.07 | -58.27 | -73.93 | 11.85 | -1.9 | 18.15 |
| 24Q1 (18) | 0.96 | 323.26 | 700.0 | 27.50 | 13.54 | 30.77 | 7.36 | 60.35 | 68.81 | 22.48 | 332.47 | 672.51 | 17.98 | 307.14 | 671.67 | 3.92 | 320.22 | 734.04 | 2.88 | 334.15 | 700.0 | 0.16 | 6.67 | 14.29 | 26.53 | 601.51 | 293.04 | 38.71 | -0.18 | -9.43 | 32.73 | 172.0 | -77.09 | 67.27 | -53.75 | 256.97 | 12.08 | 5.32 | 17.17 |
| 23Q4 (17) | -0.43 | -193.48 | 54.26 | 24.22 | 23.38 | 204.65 | 4.59 | 585.07 | 132.81 | -9.67 | -189.62 | 50.13 | -8.68 | -201.4 | 46.58 | -1.78 | -194.18 | 49.58 | -1.23 | -189.78 | 46.05 | 0.15 | 0.0 | 7.14 | -5.29 | -135.03 | 66.33 | 38.78 | 0.15 | -29.67 | -45.45 | -690.91 | -164.39 | 145.45 | 51.27 | 429.87 | 11.47 | 6.9 | 67.69 |
| 23Q3 (16) | 0.46 | 119.05 | -45.88 | 19.63 | 104.69 | -8.61 | 0.67 | 200.0 | -80.91 | 10.79 | 115.8 | -25.84 | 8.56 | 127.06 | -26.46 | 1.89 | 127.71 | -41.67 | 1.37 | 120.97 | -35.98 | 0.15 | 0.0 | -16.67 | 15.10 | 72.37 | -12.77 | 38.72 | -19.16 | -20.87 | 7.69 | 150.0 | -68.59 | 96.15 | -10.71 | 27.34 | 10.73 | 6.98 | 28.81 |
| 23Q2 (15) | 0.21 | 75.0 | -84.56 | 9.59 | -54.4 | -66.99 | -0.67 | -115.37 | -104.11 | 5.00 | 71.82 | -75.41 | 3.77 | 61.8 | -76.83 | 0.83 | 76.6 | -83.91 | 0.62 | 72.22 | -81.71 | 0.15 | 7.14 | -28.57 | 8.76 | 29.78 | -61.08 | 47.90 | 12.07 | -19.29 | -15.38 | -110.77 | -119.35 | 107.69 | 351.28 | 460.0 | 10.03 | -2.72 | 24.91 |
| 23Q1 (14) | 0.12 | 112.77 | -90.32 | 21.03 | 164.53 | -25.35 | 4.36 | 131.17 | -70.32 | 2.91 | 115.01 | -84.29 | 2.33 | 114.34 | -84.28 | 0.47 | 113.31 | -92.23 | 0.36 | 115.79 | -89.71 | 0.14 | 0.0 | -39.13 | 6.75 | 142.97 | -67.87 | 42.74 | -22.49 | -11.16 | 142.86 | 102.38 | 81.32 | -42.86 | -256.12 | -302.04 | 10.31 | 50.73 | 12.92 |
| 22Q4 (13) | -0.94 | -210.59 | -187.04 | 7.95 | -62.99 | -73.4 | -13.99 | -498.58 | -191.5 | -19.39 | -233.26 | -231.64 | -16.25 | -239.6 | -227.55 | -3.53 | -208.95 | -140.44 | -2.28 | -206.54 | -161.13 | 0.14 | -22.22 | -51.72 | -15.71 | -190.76 | -191.87 | 55.14 | 12.69 | -60.55 | 70.59 | 188.24 | -32.08 | 27.45 | -63.65 | 800.0 | 6.84 | -17.89 | -19.81 |
| 22Q3 (12) | 0.85 | -37.5 | -7.61 | 21.48 | -26.06 | -23.01 | 3.51 | -78.48 | -74.17 | 14.55 | -28.43 | -1.22 | 11.64 | -28.46 | -1.1 | 3.24 | -37.21 | -59.35 | 2.14 | -36.87 | -36.31 | 0.18 | -14.29 | -35.71 | 17.31 | -23.1 | 1.29 | 48.93 | -17.56 | -64.6 | 24.49 | -69.19 | -73.23 | 75.51 | 292.65 | 787.24 | 8.33 | 3.74 | -9.46 |
| 22Q2 (11) | 1.36 | 9.68 | 151.85 | 29.05 | 3.12 | 21.14 | 16.31 | 11.03 | 51.58 | 20.33 | 9.77 | 156.37 | 16.27 | 9.78 | 115.78 | 5.16 | -14.71 | 3.82 | 3.39 | -3.14 | 58.41 | 0.21 | -8.7 | -22.22 | 22.51 | 7.14 | 118.33 | 59.35 | 23.36 | -60.2 | 79.49 | 0.89 | -41.03 | 19.23 | -9.34 | 155.29 | 8.03 | -12.05 | -9.37 |
| 22Q1 (10) | 1.24 | 14.81 | 235.14 | 28.17 | -5.75 | 17.13 | 14.69 | -3.92 | 51.6 | 18.52 | 25.73 | 157.94 | 14.82 | 16.33 | 158.19 | 6.05 | -30.7 | 71.39 | 3.50 | -6.17 | 114.72 | 0.23 | -20.69 | -14.81 | 21.01 | 22.87 | 110.1 | 48.11 | -65.58 | -64.51 | 78.79 | -24.19 | -40.12 | 21.21 | 640.91 | 157.58 | 9.13 | 7.03 | -0.87 |
| 21Q4 (9) | 1.08 | 17.39 | 272.41 | 29.89 | 7.13 | 43.63 | 15.29 | 12.51 | 203.98 | 14.73 | 0.0 | 379.8 | 12.74 | 8.24 | 158.42 | 8.73 | 9.54 | 207.39 | 3.73 | 11.01 | 145.39 | 0.29 | 3.57 | 0.0 | 17.10 | 0.06 | 188.36 | 139.76 | 1.12 | 11.42 | 103.92 | 13.59 | -39.38 | -3.92 | -146.08 | 94.51 | 8.53 | -7.28 | -17.82 |
| 21Q3 (8) | 0.92 | 70.37 | 513.33 | 27.90 | 16.35 | 39.78 | 13.59 | 26.3 | 206.77 | 14.73 | 85.75 | 339.7 | 11.77 | 56.1 | 339.18 | 7.97 | 60.36 | 427.81 | 3.36 | 57.01 | 253.68 | 0.28 | 3.7 | -15.15 | 17.09 | 65.76 | 170.84 | 138.21 | -7.31 | 104.82 | 91.49 | -32.12 | -35.96 | 8.51 | 124.47 | 129.79 | 9.20 | 3.84 | -4.07 |
| 21Q2 (7) | 0.54 | 45.95 | 86.21 | 23.98 | -0.29 | 8.56 | 10.76 | 11.04 | 147.93 | 7.93 | 10.45 | 118.46 | 7.54 | 31.36 | 160.0 | 4.97 | 40.79 | 67.34 | 2.14 | 31.29 | 12.04 | 0.27 | 0.0 | -56.45 | 10.31 | 3.1 | 53.42 | 149.11 | 10.0 | 131.11 | 134.78 | 2.43 | 18.93 | -34.78 | 5.59 | -73.91 | 8.86 | -3.8 | -20.25 |
| 21Q1 (6) | 0.37 | 27.59 | 0 | 24.05 | 15.57 | 0 | 9.69 | 92.64 | 0 | 7.18 | 133.88 | 0 | 5.74 | 16.43 | 0 | 3.53 | 24.3 | 0 | 1.63 | 7.24 | 0 | 0.27 | -6.9 | 0 | 10.00 | 68.63 | 0 | 135.56 | 8.08 | 0 | 131.58 | -23.25 | 0 | -36.84 | 48.42 | 0 | 9.21 | -11.27 | 0 |
| 20Q4 (5) | 0.29 | 93.33 | 0 | 20.81 | 4.26 | 0 | 5.03 | 13.54 | 0 | 3.07 | -8.36 | 0 | 4.93 | 83.96 | 0 | 2.84 | 88.08 | 0 | 1.52 | 60.0 | 0 | 0.29 | -12.12 | 0 | 5.93 | -6.02 | 0 | 125.43 | 85.88 | 0 | 171.43 | 20.0 | 0 | -71.43 | -150.0 | 0 | 10.38 | 8.24 | 0 |
| 20Q3 (4) | 0.15 | -48.28 | 0.0 | 19.96 | -9.64 | 0.0 | 4.43 | 2.07 | 0.0 | 3.35 | -7.71 | 0.0 | 2.68 | -7.59 | 0.0 | 1.51 | -49.16 | 0.0 | 0.95 | -50.26 | 0.0 | 0.33 | -46.77 | 0.0 | 6.31 | -6.1 | 0.0 | 67.48 | 4.59 | 0.0 | 142.86 | 26.05 | 0.0 | -28.57 | -42.86 | 0.0 | 9.59 | -13.68 | 0.0 |
| 20Q2 (3) | 0.29 | 0 | 0.0 | 22.09 | 0 | 0.0 | 4.34 | 0 | 0.0 | 3.63 | 0 | 0.0 | 2.90 | 0 | 0.0 | 2.97 | 0 | 0.0 | 1.91 | 0 | 0.0 | 0.62 | 0 | 0.0 | 6.72 | 0 | 0.0 | 64.52 | 0 | 0.0 | 113.33 | 0 | 0.0 | -20.00 | 0 | 0.0 | 11.11 | 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) | 0.36 | -85.48 | 18.43 | -19.13 | 2.16 | -67.95 | 3.44 | 58.24 | 2.50 | -76.5 | 1.70 | -79.69 | 1.43 | -89.12 | 1.17 | -84.27 | 0.57 | -34.48 | 6.67 | -49.7 | 38.78 | -29.67 | 87.50 | 38.06 | 12.50 | -65.87 | 0.72 | 338.32 | 10.62 | 29.99 |
| 2022 (9) | 2.48 | -14.78 | 22.79 | -14.64 | 6.74 | -46.34 | 2.17 | 14.47 | 10.64 | -7.32 | 8.37 | -14.07 | 13.14 | -47.63 | 7.44 | -32.97 | 0.87 | -20.91 | 13.26 | -4.88 | 55.14 | -60.55 | 63.38 | -42.04 | 36.62 | 0 | 0.16 | -58.53 | 8.17 | -8.51 |
| 2021 (8) | 2.91 | 304.17 | 26.70 | 26.06 | 12.56 | 176.04 | 1.90 | -22.29 | 11.48 | 237.65 | 9.74 | 186.47 | 25.09 | 243.7 | 11.10 | 184.62 | 1.10 | 1.85 | 13.94 | 117.81 | 139.76 | 11.42 | 109.35 | -18.69 | -9.35 | 0 | 0.40 | 271.83 | 8.93 | -15.11 |
| 2020 (7) | 0.72 | 118.18 | 21.18 | 2.57 | 4.55 | 154.19 | 2.44 | 7.87 | 3.40 | 94.29 | 3.40 | 89.94 | 7.30 | 106.8 | 3.90 | 64.56 | 1.08 | -10.0 | 6.40 | 41.28 | 125.43 | 82.52 | 134.48 | 34.48 | -34.48 | 0 | 0.11 | 0 | 10.52 | -7.56 |
| 2019 (6) | 0.33 | -64.89 | 20.65 | 1.52 | 1.79 | -62.0 | 2.26 | 180.32 | 1.75 | -63.62 | 1.79 | -61.17 | 3.53 | -69.44 | 2.37 | -67.04 | 1.20 | -20.53 | 4.53 | -26.82 | 68.72 | 13.61 | 100.00 | 2.86 | 0.00 | 0 | 0.00 | 0 | 11.38 | 17.56 |
| 2018 (5) | 0.94 | 49.21 | 20.34 | -6.53 | 4.71 | -25.47 | 0.81 | 25.37 | 4.81 | 2.78 | 4.61 | 29.49 | 11.55 | 9.38 | 7.19 | 11.3 | 1.51 | -14.2 | 6.19 | 3.86 | 60.49 | -20.16 | 97.22 | -27.71 | 2.78 | 0 | 0.00 | 0 | 9.68 | 4.54 |
| 2017 (4) | 0.63 | 950.0 | 21.76 | 1.82 | 6.32 | 953.33 | 0.64 | -32.05 | 4.68 | 693.22 | 3.56 | 673.91 | 10.56 | 966.67 | 6.46 | 784.93 | 1.76 | 24.82 | 5.96 | 151.48 | 75.76 | 23.11 | 134.48 | 34.48 | -34.48 | 0 | 0.00 | 0 | 9.26 | -27.32 |
| 2016 (3) | 0.06 | -53.85 | 21.37 | 3.89 | 0.60 | 0 | 0.95 | -52.34 | 0.59 | -68.95 | 0.46 | -64.89 | 0.99 | -58.92 | 0.73 | -58.05 | 1.41 | 6.82 | 2.37 | -40.45 | 61.54 | 42.42 | 100.00 | 0 | 0.00 | 0 | 0.00 | 0 | 12.74 | 4.26 |
| 2015 (2) | 0.13 | 0 | 20.57 | 0 | -1.22 | 0 | 1.99 | 0 | 1.90 | 0 | 1.31 | 0 | 2.41 | 0 | 1.74 | 0 | 1.32 | 0 | 3.98 | 0 | 43.21 | 28.64 | -57.14 | 0 | 157.14 | 0 | 0.00 | 0 | 12.22 | 0 |
| 2014 (1) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 33.59 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 |
