- 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) | 0.48 | 0.0 | 100.0 | 27.64 | 4.26 | 11.05 | 10.77 | 18.87 | 91.3 | 11.28 | 19.49 | 48.62 | 7.78 | -6.6 | 57.81 | 1.47 | -0.68 | 98.65 | 1.13 | 0.0 | 91.53 | 0.14 | 7.69 | 27.27 | 21.31 | 4.21 | 1.33 | 36.55 | -2.35 | 4.76 | 95.41 | -1.05 | 30.32 | 4.59 | 28.44 | -81.65 | 29.69 | -5.39 | -2.62 |
| 24Q2 (19) | 0.48 | 220.0 | 155.17 | 26.51 | 16.94 | 44.23 | 9.06 | 362.24 | 666.25 | 9.44 | 234.75 | 834.65 | 8.33 | 398.8 | 140.01 | 1.48 | 492.0 | 157.14 | 1.13 | 370.83 | 163.48 | 0.13 | 18.18 | 44.44 | 20.45 | 24.39 | 18.28 | 37.43 | -3.83 | -12.75 | 96.43 | 44.64 | 157.86 | 3.57 | -87.5 | -98.66 | 31.38 | -3.71 | -8.46 |
| 24Q1 (18) | 0.15 | -42.31 | 36.36 | 22.67 | -6.52 | 6.68 | 1.96 | -66.67 | 196.97 | 2.82 | -61.84 | 2.17 | 1.67 | -67.06 | -20.85 | 0.25 | -68.75 | 0.0 | 0.24 | -63.08 | 9.09 | 0.11 | -8.33 | 22.22 | 16.44 | -20.16 | -8.62 | 38.92 | 4.37 | -3.47 | 66.67 | -15.94 | 183.33 | 28.57 | 38.1 | -62.64 | 32.59 | -2.63 | -7.76 |
| 23Q4 (17) | 0.26 | 8.33 | -42.22 | 24.25 | -2.57 | -9.35 | 5.88 | 4.44 | -40.24 | 7.39 | -2.64 | -36.35 | 5.07 | 2.84 | -39.71 | 0.80 | 8.11 | -38.93 | 0.65 | 10.17 | -33.67 | 0.12 | 9.09 | 9.09 | 20.59 | -2.09 | -13.56 | 37.29 | 6.88 | -3.17 | 79.31 | 8.33 | -6.0 | 20.69 | -17.24 | 32.41 | 33.47 | 9.77 | -19.47 |
| 23Q3 (16) | 0.24 | 127.59 | -20.0 | 24.89 | 35.42 | -19.79 | 5.63 | 451.88 | -65.23 | 7.59 | 651.49 | -56.25 | 4.93 | 123.68 | -25.19 | 0.74 | 128.57 | -32.73 | 0.59 | 133.15 | -25.32 | 0.11 | 22.22 | 0.0 | 21.03 | 21.63 | -21.53 | 34.89 | -18.67 | -14.0 | 73.21 | 143.93 | -21.59 | 25.00 | -90.62 | 277.5 | 30.49 | -11.06 | 7.59 |
| 23Q2 (15) | -0.87 | -890.91 | -200.0 | 18.38 | -13.51 | -42.2 | -1.60 | -342.42 | -110.71 | 1.01 | -63.41 | -93.61 | -20.82 | -1086.73 | -246.93 | -2.59 | -1136.0 | -209.75 | -1.78 | -909.09 | -207.88 | 0.09 | 0.0 | -18.18 | 17.29 | -3.89 | -34.08 | 42.90 | 6.4 | -17.53 | -166.67 | -808.33 | -276.69 | 266.67 | 248.72 | 4600.0 | 34.28 | -2.97 | 13.32 |
| 23Q1 (14) | 0.11 | -75.56 | -84.72 | 21.25 | -20.56 | -31.91 | 0.66 | -93.29 | -95.97 | 2.76 | -76.23 | -83.66 | 2.11 | -74.91 | -83.41 | 0.25 | -80.92 | -88.48 | 0.22 | -77.55 | -85.81 | 0.09 | -18.18 | -25.0 | 17.99 | -24.48 | -32.32 | 40.32 | 4.7 | -3.52 | 23.53 | -72.11 | -75.69 | 76.47 | 389.41 | 2270.59 | 35.33 | -14.99 | 22.55 |
| 22Q4 (13) | 0.45 | 50.0 | -39.19 | 26.75 | -13.79 | -17.46 | 9.84 | -39.22 | -38.31 | 11.61 | -33.08 | -28.07 | 8.41 | 27.62 | -28.24 | 1.31 | 19.09 | -42.79 | 0.98 | 24.05 | -39.88 | 0.11 | 0.0 | -21.43 | 23.82 | -11.12 | -4.34 | 38.51 | -5.08 | -13.17 | 84.38 | -9.64 | -14.58 | 15.62 | 135.94 | 1173.44 | 41.56 | 46.65 | 3.05 |
| 22Q3 (12) | 0.30 | -65.52 | -67.74 | 31.03 | -2.42 | -4.55 | 16.19 | 8.37 | -5.43 | 17.35 | 9.74 | -5.86 | 6.59 | -53.49 | -52.42 | 1.10 | -53.39 | -61.4 | 0.79 | -52.12 | -61.27 | 0.11 | 0.0 | -21.43 | 26.80 | 2.17 | 0.68 | 40.57 | -22.01 | -6.84 | 93.38 | -1.01 | 0.64 | 6.62 | 16.72 | -8.23 | 28.34 | -6.31 | 14.83 |
| 22Q2 (11) | 0.87 | 20.83 | 4.82 | 31.80 | 1.89 | -5.72 | 14.94 | -8.68 | -14.33 | 15.81 | -6.39 | -12.99 | 14.17 | 11.4 | 3.66 | 2.36 | 8.76 | -5.6 | 1.65 | 6.45 | -9.34 | 0.11 | -8.33 | -15.38 | 26.23 | -1.32 | -4.3 | 52.02 | 24.48 | 24.63 | 94.33 | -2.53 | -1.62 | 5.67 | 75.89 | 37.79 | 30.25 | 4.93 | 11.62 |
| 22Q1 (10) | 0.72 | -2.7 | 10.77 | 31.21 | -3.7 | -3.34 | 16.36 | 2.57 | -9.41 | 16.89 | 4.65 | -6.27 | 12.72 | 8.53 | -1.55 | 2.17 | -5.24 | 6.37 | 1.55 | -4.91 | 1.31 | 0.12 | -14.29 | 0.0 | 26.58 | 6.75 | -4.9 | 41.79 | -5.77 | 8.38 | 96.77 | -2.02 | -3.91 | 3.23 | 162.9 | 0 | 28.83 | -28.51 | 11.83 |
| 21Q4 (9) | 0.74 | -20.43 | 1.37 | 32.41 | -0.31 | -13.39 | 15.95 | -6.83 | -18.12 | 16.14 | -12.43 | -23.83 | 11.72 | -15.38 | -13.31 | 2.29 | -19.65 | -6.15 | 1.63 | -20.1 | -12.83 | 0.14 | 0.0 | 0.0 | 24.90 | -6.46 | -18.84 | 44.35 | 1.84 | 34.39 | 98.77 | 6.46 | 7.2 | 1.23 | -83.0 | -84.4 | 40.33 | 63.41 | 35.02 |
| 21Q3 (8) | 0.93 | 12.05 | 40.91 | 32.51 | -3.62 | -7.72 | 17.12 | -1.83 | -16.16 | 18.43 | 1.43 | -0.65 | 13.85 | 1.32 | 8.88 | 2.85 | 14.0 | 24.45 | 2.04 | 12.09 | 18.6 | 0.14 | 7.69 | 7.69 | 26.62 | -2.88 | -5.77 | 43.55 | 4.34 | 30.86 | 92.78 | -3.23 | -15.75 | 7.22 | 75.26 | 171.2 | 24.68 | -8.93 | -7.94 |
| 21Q2 (7) | 0.83 | 27.69 | 88.64 | 33.73 | 4.46 | 11.14 | 17.44 | -3.43 | 27.86 | 18.17 | 0.83 | 26.8 | 13.67 | 5.8 | 53.42 | 2.50 | 22.55 | 68.92 | 1.82 | 18.95 | 59.65 | 0.13 | 8.33 | 8.33 | 27.41 | -1.93 | 9.51 | 41.74 | 8.25 | 11.9 | 95.88 | -4.8 | 0.68 | 4.12 | 0 | -13.53 | 27.10 | 5.12 | 2.3 |
| 21Q1 (6) | 0.65 | -10.96 | 333.33 | 32.29 | -13.71 | 28.9 | 18.06 | -7.29 | 169.55 | 18.02 | -14.96 | 218.94 | 12.92 | -4.44 | 241.8 | 2.04 | -16.39 | 308.0 | 1.53 | -18.18 | 264.29 | 0.12 | -14.29 | 20.0 | 27.95 | -8.9 | 41.66 | 38.56 | 16.85 | 32.51 | 100.71 | 9.31 | -14.39 | 0.00 | -100.0 | 100.0 | 25.78 | -13.69 | -14.35 |
| 20Q4 (5) | 0.73 | 10.61 | 217.39 | 37.42 | 6.22 | 20.98 | 19.48 | -4.6 | 71.18 | 21.19 | 14.23 | 88.52 | 13.52 | 6.29 | 307.23 | 2.44 | 6.55 | 313.56 | 1.87 | 8.72 | 281.63 | 0.14 | 7.69 | 7.69 | 30.68 | 8.6 | 41.12 | 33.00 | -0.84 | 1.57 | 92.13 | -16.34 | -8.87 | 7.87 | 177.6 | 815.73 | 29.87 | 11.41 | 34.37 |
| 20Q3 (4) | 0.66 | 50.0 | 0.0 | 35.23 | 16.08 | 0.0 | 20.42 | 49.71 | 0.0 | 18.55 | 29.45 | 0.0 | 12.72 | 42.76 | 0.0 | 2.29 | 54.73 | 0.0 | 1.72 | 50.88 | 0.0 | 0.13 | 8.33 | 0.0 | 28.25 | 12.86 | 0.0 | 33.28 | -10.78 | 0.0 | 110.14 | 15.64 | 0.0 | -10.14 | -312.84 | 0.0 | 26.81 | 1.21 | 0.0 |
| 20Q2 (3) | 0.44 | 193.33 | 0.0 | 30.35 | 21.16 | 0.0 | 13.64 | 103.58 | 0.0 | 14.33 | 153.63 | 0.0 | 8.91 | 135.71 | 0.0 | 1.48 | 196.0 | 0.0 | 1.14 | 171.43 | 0.0 | 0.12 | 20.0 | 0.0 | 25.03 | 26.86 | 0.0 | 37.30 | 28.18 | 0.0 | 95.24 | -19.05 | 0.0 | 4.76 | 126.98 | 0.0 | 26.49 | -11.99 | 0.0 |
| 20Q1 (2) | 0.15 | -34.78 | 0.0 | 25.05 | -19.01 | 0.0 | 6.70 | -41.12 | 0.0 | 5.65 | -49.73 | 0.0 | 3.78 | 13.86 | 0.0 | 0.50 | -15.25 | 0.0 | 0.42 | -14.29 | 0.0 | 0.10 | -23.08 | 0.0 | 19.73 | -9.25 | 0.0 | 29.10 | -10.43 | 0.0 | 117.65 | 16.37 | 0.0 | -17.65 | -1505.88 | 0.0 | 30.10 | 35.4 | 0.0 |
| 19Q4 (1) | 0.23 | 0.0 | 0.0 | 30.93 | 0.0 | 0.0 | 11.38 | 0.0 | 0.0 | 11.24 | 0.0 | 0.0 | 3.32 | 0.0 | 0.0 | 0.59 | 0.0 | 0.0 | 0.49 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 21.74 | 0.0 | 0.0 | 32.49 | 0.0 | 0.0 | 101.10 | 0.0 | 0.0 | -1.10 | 0.0 | 0.0 | 22.23 | 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) | -0.25 | 0 | 22.44 | -25.84 | 2.98 | -79.33 | 13.65 | 38.43 | 4.99 | -67.76 | -1.40 | 0 | -0.75 | 0 | -0.35 | 0 | 0.39 | -17.02 | 19.43 | -24.98 | 37.29 | -3.17 | 59.85 | -35.65 | 40.15 | 490.25 | 0.21 | -4.49 | 33.27 | 3.74 |
| 2022 (9) | 2.34 | -25.71 | 30.26 | -7.57 | 14.42 | -15.57 | 9.86 | 15.18 | 15.48 | -12.39 | 10.55 | -19.16 | 7.02 | -28.59 | 5.13 | -28.95 | 0.47 | -12.96 | 25.90 | -2.74 | 38.51 | -13.17 | 93.01 | -3.66 | 6.80 | 106.21 | 0.22 | 17.41 | 32.07 | 8.05 |
| 2021 (8) | 3.15 | 59.09 | 32.74 | 0.43 | 17.08 | 8.65 | 8.56 | -17.39 | 17.67 | 12.84 | 13.05 | 27.82 | 9.83 | 50.77 | 7.22 | 43.25 | 0.54 | 12.5 | 26.63 | 0.6 | 44.35 | 34.39 | 96.55 | -3.66 | 3.30 | 0 | 0.19 | 31.11 | 29.68 | 5.02 |
| 2020 (7) | 1.98 | 47.76 | 32.60 | 14.07 | 15.72 | 53.82 | 10.36 | -11.78 | 15.66 | 42.23 | 10.21 | 51.26 | 6.52 | 46.85 | 5.04 | 44.83 | 0.48 | -2.04 | 26.47 | 12.54 | 33.00 | 1.57 | 100.21 | 8.05 | -0.43 | 0 | 0.14 | -34.8 | 28.26 | 5.64 |
| 2019 (6) | 1.34 | -20.71 | 28.58 | 3.1 | 10.22 | 2.0 | 11.74 | 2.5 | 11.01 | 6.58 | 6.75 | -13.02 | 4.44 | -19.13 | 3.48 | -18.31 | 0.49 | -5.77 | 23.52 | 4.02 | 32.49 | -12.87 | 92.75 | -4.43 | 7.25 | 145.8 | 0.22 | -34.46 | 26.75 | 2.85 |
| 2018 (5) | 1.69 | 12.67 | 27.72 | 2.44 | 10.02 | 6.6 | 11.46 | -23.4 | 10.33 | 5.95 | 7.76 | 9.14 | 5.49 | 9.36 | 4.26 | 7.3 | 0.52 | 0.0 | 22.61 | -11.85 | 37.29 | 6.51 | 97.05 | 0.51 | 2.95 | -14.19 | 0.33 | 0 | 26.01 | -0.04 |
| 2017 (4) | 1.50 | -3.23 | 27.06 | -3.77 | 9.40 | -10.48 | 14.96 | -12.94 | 9.75 | -0.1 | 7.11 | -10.34 | 5.02 | -8.06 | 3.97 | -6.81 | 0.52 | 4.0 | 25.65 | -8.46 | 35.01 | -2.26 | 96.56 | -10.15 | 3.44 | 0 | 0.00 | 0 | 26.02 | -4.76 |
| 2016 (3) | 1.55 | -33.76 | 28.12 | -11.27 | 10.50 | -33.8 | 17.18 | 1.91 | 9.76 | -33.56 | 7.93 | -28.75 | 5.46 | -32.17 | 4.26 | -28.4 | 0.50 | 0.0 | 28.02 | -14.13 | 35.82 | -11.73 | 107.48 | -0.45 | -7.48 | 0 | 0.00 | 0 | 27.32 | 12.94 |
| 2015 (2) | 2.34 | 2.63 | 31.69 | 7.06 | 15.86 | 6.02 | 16.86 | -2.36 | 14.69 | -0.68 | 11.13 | -3.39 | 8.05 | -1.83 | 5.95 | -0.67 | 0.50 | 4.17 | 32.63 | -1.72 | 40.58 | -18.0 | 107.96 | 6.85 | -7.96 | 0 | 0.00 | 0 | 24.19 | 11.12 |
| 2014 (1) | 2.28 | 28.09 | 29.60 | 0 | 14.96 | 0 | 17.26 | -14.69 | 14.79 | 0 | 11.52 | 0 | 8.20 | 0 | 5.99 | 0 | 0.48 | 14.29 | 33.20 | -6.37 | 49.49 | 12.97 | 101.04 | 6.54 | -1.04 | 0 | 0.00 | 0 | 21.77 | 3.86 |
