- 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) | -0.44 | -157.14 | -175.86 | -5.01 | -123.02 | -129.68 | -18.52 | -320.48 | -406.12 | -16.95 | -269.5 | -340.77 | -13.61 | -270.12 | -352.97 | -4.51 | -244.09 | -296.09 | -2.87 | -240.0 | -293.92 | 0.21 | -19.23 | -22.22 | -15.46 | -237.18 | -292.29 | 48.95 | -24.04 | -4.11 | 109.09 | 30.91 | 24.68 | -9.09 | -154.55 | -158.18 | 35.61 | 18.34 | 62.23 |
| 24Q2 (19) | 0.77 | 1183.33 | -9.41 | 21.76 | 61.9 | 21.23 | 8.40 | 3211.11 | 11.11 | 10.00 | 681.25 | 23.46 | 8.00 | 779.12 | 25.39 | 3.13 | 979.31 | 13.0 | 2.05 | 925.0 | 15.17 | 0.26 | 18.18 | -7.14 | 11.27 | 309.82 | 23.98 | 64.44 | 54.61 | 0.47 | 83.33 | 516.67 | -11.46 | 16.67 | -86.11 | 183.33 | 30.09 | -4.81 | 38.86 |
| 24Q1 (18) | 0.06 | -89.83 | -94.69 | 13.44 | -29.11 | -37.78 | -0.27 | -104.85 | -102.42 | 1.28 | -78.23 | -88.61 | 0.91 | -80.26 | -89.61 | 0.29 | -82.63 | -93.47 | 0.20 | -82.14 | -93.13 | 0.22 | -8.33 | -33.33 | 2.75 | -60.88 | -77.79 | 41.68 | -12.09 | -16.51 | -20.00 | -120.8 | -120.0 | 120.00 | 3020.0 | 0 | 31.61 | 29.76 | 31.49 |
| 23Q4 (17) | 0.59 | 1.72 | -64.24 | 18.96 | 12.32 | 5.16 | 5.57 | -7.93 | -39.91 | 5.88 | -16.48 | -46.01 | 4.61 | -14.31 | -41.72 | 1.67 | -27.39 | -63.05 | 1.12 | -24.32 | -62.42 | 0.24 | -11.11 | -36.84 | 7.03 | -12.56 | -37.51 | 47.41 | -7.13 | -19.01 | 96.15 | 9.89 | 14.85 | 3.85 | -75.38 | -72.44 | 24.36 | 10.98 | 27.07 |
| 23Q3 (16) | 0.58 | -31.76 | -45.79 | 16.88 | -5.96 | 20.74 | 6.05 | -19.97 | 116.07 | 7.04 | -13.09 | -5.12 | 5.38 | -15.67 | -16.72 | 2.30 | -16.97 | -28.79 | 1.48 | -16.85 | -33.03 | 0.27 | -3.57 | -20.59 | 8.04 | -11.55 | 2.42 | 51.05 | -20.41 | 14.36 | 87.50 | -7.03 | 143.06 | 15.62 | 165.62 | -73.96 | 21.95 | 1.29 | -5.51 |
| 23Q2 (15) | 0.85 | -24.78 | 11.84 | 17.95 | -16.9 | 34.56 | 7.56 | -32.14 | 50.6 | 8.10 | -27.94 | 52.54 | 6.38 | -27.17 | 48.37 | 2.77 | -37.61 | 22.57 | 1.78 | -38.83 | 11.95 | 0.28 | -15.15 | -24.32 | 9.09 | -26.58 | 60.32 | 64.14 | 28.49 | 32.82 | 94.12 | -5.88 | -0.65 | 5.88 | 0 | 11.76 | 21.67 | -9.86 | 6.02 |
| 23Q1 (14) | 1.13 | -31.52 | 98.25 | 21.60 | 19.8 | 87.18 | 11.14 | 20.17 | 234.53 | 11.24 | 3.21 | 209.64 | 8.76 | 10.75 | 225.65 | 4.44 | -1.77 | 175.78 | 2.91 | -2.35 | 177.14 | 0.33 | -13.16 | -15.38 | 12.38 | 10.04 | 199.03 | 49.92 | -14.72 | 35.21 | 100.00 | 19.44 | 10.0 | 0.00 | -100.0 | -100.0 | 24.04 | 25.4 | -7.82 |
| 22Q4 (13) | 1.65 | 54.21 | 94.12 | 18.03 | 28.97 | 53.45 | 9.27 | 231.07 | 143.95 | 10.89 | 46.77 | 175.7 | 7.91 | 22.45 | 130.61 | 4.52 | 39.94 | 46.75 | 2.98 | 34.84 | 80.61 | 0.38 | 11.76 | -20.83 | 11.25 | 43.31 | 160.42 | 58.54 | 31.14 | -29.11 | 83.72 | 132.56 | -9.3 | 13.95 | -76.74 | 0 | 19.17 | -17.48 | -5.43 |
| 22Q3 (12) | 1.07 | 40.79 | 256.67 | 13.98 | 4.8 | 58.5 | 2.80 | -44.22 | 141.38 | 7.42 | 39.74 | 453.73 | 6.46 | 50.23 | 456.9 | 3.23 | 42.92 | 190.99 | 2.21 | 38.99 | 274.58 | 0.34 | -8.11 | -33.33 | 7.85 | 38.45 | 430.41 | 44.64 | -7.56 | -50.82 | 36.00 | -62.0 | -55.0 | 60.00 | 1040.0 | 200.0 | 23.23 | 13.65 | 25.7 |
| 22Q2 (11) | 0.76 | 33.33 | -3.8 | 13.34 | 15.6 | -2.77 | 5.02 | 50.75 | -5.82 | 5.31 | 46.28 | -2.39 | 4.30 | 59.85 | 10.54 | 2.26 | 40.37 | -21.53 | 1.59 | 51.43 | 5.3 | 0.37 | -5.13 | -5.13 | 5.67 | 36.96 | -5.81 | 48.29 | 30.8 | -44.97 | 94.74 | 4.21 | -5.26 | 5.26 | -42.11 | 0 | 20.44 | -21.63 | -14.08 |
| 22Q1 (10) | 0.57 | -32.94 | 16.33 | 11.54 | -1.79 | 23.29 | 3.33 | -12.37 | 26.14 | 3.63 | -8.1 | 36.98 | 2.69 | -21.57 | 29.33 | 1.61 | -47.73 | -8.52 | 1.05 | -36.36 | 7.14 | 0.39 | -18.75 | -17.02 | 4.14 | -4.17 | 28.17 | 36.92 | -55.29 | -60.81 | 90.91 | -1.52 | -9.09 | 9.09 | 0 | 0 | 26.08 | 28.66 | 37.48 |
| 21Q4 (9) | 0.85 | 183.33 | 30.77 | 11.75 | 33.22 | 3.16 | 3.80 | 227.59 | -6.17 | 3.95 | 194.78 | -2.95 | 3.43 | 195.69 | 12.46 | 3.08 | 177.48 | 19.84 | 1.65 | 179.66 | 18.71 | 0.48 | -5.88 | 6.67 | 4.32 | 191.89 | -6.49 | 82.58 | -9.01 | 24.61 | 92.31 | 15.38 | -7.69 | 0.00 | -100.0 | 0 | 20.27 | 9.69 | -18.43 |
| 21Q3 (8) | 0.30 | -62.03 | -40.0 | 8.82 | -35.71 | -49.89 | 1.16 | -78.24 | -66.28 | 1.34 | -75.37 | -58.13 | 1.16 | -70.18 | -56.06 | 1.11 | -61.46 | -60.36 | 0.59 | -60.93 | -50.42 | 0.51 | 30.77 | 15.91 | 1.48 | -75.42 | -60.64 | 90.76 | 3.42 | -29.24 | 80.00 | -20.0 | -20.0 | 20.00 | 0 | 240.0 | 18.48 | -22.32 | -21.6 |
| 21Q2 (7) | 0.79 | 61.22 | -10.23 | 13.72 | 46.58 | -8.41 | 5.33 | 101.89 | 1.72 | 5.44 | 105.28 | 10.57 | 3.89 | 87.02 | 4.57 | 2.88 | 63.64 | -39.62 | 1.51 | 54.08 | -24.12 | 0.39 | -17.02 | -26.42 | 6.02 | 86.38 | 12.73 | 87.76 | -6.84 | -43.08 | 100.00 | 0.0 | -7.14 | 0.00 | 0 | 100.0 | 23.79 | 25.41 | 27.7 |
| 21Q1 (6) | 0.49 | -24.62 | -32.88 | 9.36 | -17.82 | -19.93 | 2.64 | -34.81 | -27.87 | 2.65 | -34.89 | -27.6 | 2.08 | -31.8 | -31.13 | 1.76 | -31.52 | -55.33 | 0.98 | -29.5 | -34.67 | 0.47 | 4.44 | -2.08 | 3.23 | -30.09 | -20.44 | 94.20 | 42.15 | -28.76 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | 0 | 18.97 | -23.66 | 19.84 |
| 20Q4 (5) | 0.65 | 30.0 | -21.69 | 11.39 | -35.28 | -15.13 | 4.05 | 17.73 | 8.58 | 4.07 | 27.19 | 21.13 | 3.05 | 15.53 | 12.96 | 2.57 | -8.21 | -36.07 | 1.39 | 16.81 | 8.59 | 0.45 | 2.27 | -2.17 | 4.62 | 22.87 | 24.86 | 66.27 | -48.34 | -69.13 | 100.00 | 0.0 | -9.09 | 0.00 | 100.0 | 100.0 | 24.85 | 5.43 | 62.1 |
| 20Q3 (4) | 0.50 | -43.18 | 0.0 | 17.60 | 17.49 | 0.0 | 3.44 | -34.35 | 0.0 | 3.20 | -34.96 | 0.0 | 2.64 | -29.03 | 0.0 | 2.80 | -41.3 | 0.0 | 1.19 | -40.2 | 0.0 | 0.44 | -16.98 | 0.0 | 3.76 | -29.59 | 0.0 | 128.27 | -16.8 | 0.0 | 100.00 | -7.14 | 0.0 | -14.29 | -85.71 | 0.0 | 23.57 | 26.52 | 0.0 |
| 20Q2 (3) | 0.88 | 20.55 | 0.0 | 14.98 | 28.14 | 0.0 | 5.24 | 43.17 | 0.0 | 4.92 | 34.43 | 0.0 | 3.72 | 23.18 | 0.0 | 4.77 | 21.07 | 0.0 | 1.99 | 32.67 | 0.0 | 0.53 | 10.42 | 0.0 | 5.34 | 31.53 | 0.0 | 154.17 | 16.6 | 0.0 | 107.69 | 7.69 | 0.0 | -7.69 | 0 | 0.0 | 18.63 | 17.69 | 0.0 |
| 20Q1 (2) | 0.73 | -12.05 | 0.0 | 11.69 | -12.89 | 0.0 | 3.66 | -1.88 | 0.0 | 3.66 | 8.93 | 0.0 | 3.02 | 11.85 | 0.0 | 3.94 | -1.99 | 0.0 | 1.50 | 17.19 | 0.0 | 0.48 | 4.35 | 0.0 | 4.06 | 9.73 | 0.0 | 132.22 | -38.4 | 0.0 | 100.00 | -9.09 | 0.0 | 0.00 | 100.0 | 0.0 | 15.83 | 3.26 | 0.0 |
| 19Q4 (1) | 0.83 | 0.0 | 0.0 | 13.42 | 0.0 | 0.0 | 3.73 | 0.0 | 0.0 | 3.36 | 0.0 | 0.0 | 2.70 | 0.0 | 0.0 | 4.02 | 0.0 | 0.0 | 1.28 | 0.0 | 0.0 | 0.46 | 0.0 | 0.0 | 3.70 | 0.0 | 0.0 | 214.66 | 0.0 | 0.0 | 110.00 | 0.0 | 0.0 | -10.00 | 0.0 | 0.0 | 15.33 | 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) | 3.07 | -24.2 | 18.80 | 30.46 | 7.52 | 41.62 | 0.46 | 59.75 | 8.01 | 14.43 | 6.24 | 14.29 | 11.16 | -21.63 | 7.42 | -13.11 | 1.18 | -24.36 | 9.09 | 23.84 | 47.41 | -19.01 | 94.24 | 23.54 | 6.47 | -73.83 | 11.39 | 12531.12 | 23.00 | 4.45 |
| 2022 (9) | 4.05 | 65.98 | 14.41 | 33.67 | 5.31 | 70.19 | 0.29 | -10.87 | 7.00 | 116.72 | 5.46 | 112.45 | 14.24 | 62.93 | 8.54 | 70.12 | 1.56 | -20.0 | 7.34 | 106.76 | 58.54 | -29.11 | 76.29 | -21.76 | 24.74 | 889.69 | 0.09 | 0 | 22.02 | 8.96 |
| 2021 (8) | 2.44 | -11.59 | 10.78 | -21.71 | 3.12 | -24.46 | 0.32 | 217.93 | 3.23 | -19.25 | 2.57 | -17.89 | 8.74 | -19.74 | 5.02 | -0.99 | 1.95 | 22.64 | 3.55 | -18.76 | 82.58 | 24.61 | 97.50 | -7.26 | 2.50 | 0 | 0.00 | 0 | 20.21 | -1.13 |
| 2020 (7) | 2.76 | -8.0 | 13.77 | 7.83 | 4.13 | 18.68 | 0.10 | 0 | 4.00 | 17.3 | 3.13 | 15.93 | 10.89 | -43.43 | 5.07 | 0.0 | 1.59 | -13.11 | 4.37 | 20.39 | 66.27 | -69.13 | 105.13 | 5.13 | -2.56 | 0 | 0.17 | -46.93 | 20.44 | 36.54 |
| 2019 (6) | 3.00 | -7.12 | 12.77 | 16.83 | 3.48 | 3.57 | 0.00 | 0 | 3.41 | -1.16 | 2.70 | -1.82 | 19.25 | -33.53 | 5.07 | -34.92 | 1.83 | -35.34 | 3.63 | 4.01 | 214.66 | -51.49 | 100.00 | 3.33 | -2.70 | 0 | 0.31 | 0 | 14.97 | 27.08 |
| 2018 (5) | 3.23 | 32200.0 | 10.93 | 37.48 | 3.36 | 325.32 | 0.00 | 0 | 3.45 | 325.93 | 2.75 | 310.45 | 28.96 | 0 | 7.79 | 0 | 2.83 | 0 | 3.49 | 0 | 442.47 | 1214.14 | 96.77 | 0 | 3.23 | 0 | 0.00 | 0 | 11.78 | 0 |
| 2017 (4) | 0.01 | 0 | 7.95 | 0 | 0.79 | 0 | 0.00 | 0 | 0.81 | 0 | 0.67 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 33.67 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 |
