- 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) | 0.73 | 21.67 | -3.95 | 31.70 | 18.64 | 63.57 | 18.45 | 35.96 | 638.0 | 15.14 | 8.84 | 9.16 | 13.40 | 7.37 | -8.97 | 3.26 | 23.02 | -16.84 | 1.55 | 20.16 | 3.33 | 0.11 | 22.22 | 22.22 | 39.13 | -5.55 | -11.65 | 123.47 | -9.27 | -34.05 | 121.83 | 25.09 | 563.98 | -21.83 | -936.85 | -126.44 | 23.57 | -4.92 | -19.42 |
| 24Q2 (19) | 0.60 | 66.67 | -31.03 | 26.72 | 39.75 | -1.76 | 13.57 | 158.48 | 26.59 | 13.91 | 38.41 | -19.78 | 12.48 | 45.62 | -12.17 | 2.65 | 66.67 | -40.58 | 1.29 | 55.42 | -22.29 | 0.09 | 12.5 | -18.18 | 41.43 | -0.81 | 2.09 | 136.09 | 8.8 | -32.14 | 97.39 | 84.79 | 57.77 | 2.61 | -94.48 | -93.18 | 24.79 | -12.0 | -18.56 |
| 24Q1 (18) | 0.36 | 3500.0 | -10.0 | 19.12 | -1.09 | -20.17 | 5.25 | -0.19 | -36.05 | 10.05 | 789.38 | 21.82 | 8.57 | 3626.09 | 18.53 | 1.59 | 3080.0 | -22.06 | 0.83 | 361.11 | 2.47 | 0.08 | 0.0 | -20.0 | 41.77 | 27.5 | 42.37 | 125.08 | -6.22 | -31.9 | 52.70 | -88.14 | -47.3 | 47.30 | 113.73 | 0 | 28.17 | 7.31 | -5.79 |
| 23Q4 (17) | 0.01 | -98.68 | -96.43 | 19.33 | -0.26 | -22.43 | 5.26 | 110.4 | -47.56 | 1.13 | -91.85 | -82.4 | 0.23 | -98.44 | -95.36 | 0.05 | -98.72 | -96.5 | 0.18 | -88.0 | -68.97 | 0.08 | -11.11 | -20.0 | 32.76 | -26.03 | 27.62 | 133.37 | -28.76 | -28.85 | 444.44 | 2322.22 | 184.24 | -344.44 | -517.16 | -511.11 | 26.25 | -10.26 | -6.55 |
| 23Q3 (16) | 0.76 | -12.64 | -7.32 | 19.38 | -28.75 | -28.72 | 2.50 | -76.68 | -75.89 | 13.87 | -20.01 | -16.85 | 14.72 | 3.59 | -1.14 | 3.92 | -12.11 | -12.11 | 1.50 | -9.64 | -9.64 | 0.09 | -18.18 | -18.18 | 44.29 | 9.14 | 22.04 | 187.22 | -6.64 | 3.79 | 18.35 | -70.28 | -70.43 | 82.57 | 115.74 | 117.54 | 29.25 | -3.91 | -3.24 |
| 23Q2 (15) | 0.87 | 117.5 | 40.32 | 27.20 | 13.57 | 0.52 | 10.72 | 30.57 | 30.57 | 17.34 | 110.18 | 22.46 | 14.21 | 96.54 | 11.89 | 4.46 | 118.63 | 23.89 | 1.66 | 104.94 | 16.9 | 0.11 | 10.0 | 0.0 | 40.58 | 38.31 | 14.37 | 200.54 | 9.19 | 6.4 | 61.73 | -38.27 | 5.97 | 38.27 | 0 | -8.33 | 30.44 | 1.81 | -3.18 |
| 23Q1 (14) | 0.40 | 42.86 | -16.67 | 23.95 | -3.89 | -11.46 | 8.21 | -18.15 | -22.03 | 8.25 | 28.5 | -21.88 | 7.23 | 45.77 | -21.92 | 2.04 | 42.66 | -22.73 | 0.81 | 39.66 | -29.57 | 0.10 | 0.0 | -9.09 | 29.34 | 14.3 | -6.44 | 183.66 | -2.03 | 24.59 | 100.00 | -36.05 | 0.0 | 0.00 | 100.0 | 0 | 29.90 | 6.44 | 2.93 |
| 22Q4 (13) | 0.28 | -65.85 | -66.27 | 24.92 | -8.35 | -27.22 | 10.03 | -3.28 | -52.87 | 6.42 | -61.51 | -76.13 | 4.96 | -66.69 | -73.04 | 1.43 | -67.94 | -75.3 | 0.58 | -65.06 | -75.93 | 0.10 | -9.09 | 11.11 | 25.67 | -29.26 | -52.14 | 187.46 | 3.93 | 23.82 | 156.36 | 152.02 | 96.76 | -56.36 | -248.5 | -365.97 | 28.09 | -7.08 | -1.33 |
| 22Q3 (12) | 0.82 | 32.26 | 110.26 | 27.19 | 0.48 | 16.55 | 10.37 | 26.31 | 69.72 | 16.68 | 17.8 | 65.97 | 14.89 | 17.24 | 78.11 | 4.46 | 23.89 | 78.4 | 1.66 | 16.9 | 39.5 | 0.11 | 0.0 | -15.38 | 36.29 | 2.28 | 17.48 | 180.38 | -4.3 | 30.64 | 62.04 | 6.51 | 2.44 | 37.96 | -9.08 | -3.75 | 30.23 | -3.85 | -1.88 |
| 22Q2 (11) | 0.62 | 29.17 | 100.0 | 27.06 | 0.04 | 21.45 | 8.21 | -22.03 | 70.33 | 14.16 | 34.09 | 442.53 | 12.70 | 37.15 | 151.49 | 3.60 | 36.36 | 136.84 | 1.42 | 23.48 | 77.5 | 0.11 | 0.0 | -21.43 | 35.48 | 13.14 | 53.2 | 188.48 | 27.86 | 64.68 | 58.25 | -41.75 | -69.16 | 41.75 | 0 | 146.97 | 31.44 | 8.23 | 8.0 |
| 22Q1 (10) | 0.48 | -42.17 | 182.35 | 27.05 | -21.0 | 20.44 | 10.53 | -50.52 | 99.81 | 10.56 | -60.74 | 232.08 | 9.26 | -49.67 | 229.54 | 2.64 | -54.4 | 225.93 | 1.15 | -52.28 | 144.68 | 0.11 | 22.22 | -15.38 | 31.36 | -41.54 | 27.74 | 147.41 | -2.64 | 24.63 | 100.00 | 25.83 | -40.0 | 0.00 | -100.0 | 100.0 | 29.05 | 2.04 | -6.68 |
| 21Q4 (9) | 0.83 | 112.82 | 159.38 | 34.24 | 46.76 | 51.24 | 21.28 | 248.28 | 205.31 | 26.90 | 167.66 | 395.4 | 18.40 | 120.1 | 198.7 | 5.79 | 131.6 | 236.63 | 2.41 | 102.52 | 167.78 | 0.09 | -30.77 | -30.77 | 53.64 | 73.65 | 99.04 | 151.40 | 9.65 | 25.68 | 79.47 | 31.22 | -38.19 | 21.19 | -46.26 | 174.17 | 28.47 | -7.59 | -1.66 |
| 21Q3 (8) | 0.39 | 25.81 | 254.55 | 23.33 | 4.71 | 13.69 | 6.11 | 26.76 | 137.74 | 10.05 | 285.06 | 487.72 | 8.36 | 65.54 | 388.89 | 2.50 | 64.47 | 468.18 | 1.19 | 48.75 | 271.87 | 0.13 | -7.14 | 8.33 | 30.89 | 33.38 | 26.75 | 138.07 | 20.64 | 14.64 | 60.56 | -67.94 | -59.62 | 39.44 | 144.37 | 178.87 | 30.81 | 5.84 | -0.32 |
| 21Q2 (7) | 0.31 | 82.35 | 0.0 | 22.28 | -0.8 | 23.09 | 4.82 | -8.54 | 269.12 | 2.61 | -17.92 | -9.06 | 5.05 | 79.72 | -11.87 | 1.52 | 87.65 | 8.57 | 0.80 | 70.21 | 5.26 | 0.14 | 7.69 | 27.27 | 23.16 | -5.66 | -7.69 | 114.45 | -3.24 | -11.2 | 188.89 | 13.33 | 288.89 | -88.89 | -33.33 | -145.79 | 29.11 | -6.49 | -15.5 |
| 21Q1 (6) | 0.17 | -46.88 | -39.29 | 22.46 | -0.8 | -9.36 | 5.27 | -24.39 | 1.54 | 3.18 | -41.44 | -38.73 | 2.81 | -54.38 | -45.86 | 0.81 | -52.91 | -38.17 | 0.47 | -47.78 | -36.49 | 0.13 | 0.0 | 8.33 | 24.55 | -8.91 | -3.19 | 118.28 | -1.81 | 6.69 | 166.67 | 29.63 | 66.67 | -66.67 | -133.33 | 0 | 31.13 | 7.53 | -2.54 |
| 20Q4 (5) | 0.32 | 190.91 | -27.27 | 22.64 | 10.33 | -21.09 | 6.97 | 171.21 | -38.26 | 5.43 | 217.54 | -50.23 | 6.16 | 260.23 | -29.6 | 1.72 | 290.91 | -29.22 | 0.90 | 181.25 | -31.3 | 0.13 | 8.33 | -7.14 | 26.95 | 10.59 | -6.88 | 120.46 | 0.02 | 1.5 | 128.57 | -14.29 | 23.43 | -28.57 | 42.86 | -585.71 | 28.95 | -6.34 | -3.14 |
| 20Q3 (4) | 0.11 | -64.52 | 0.0 | 20.52 | 13.37 | 0.0 | 2.57 | 190.18 | 0.0 | 1.71 | -40.42 | 0.0 | 1.71 | -70.16 | 0.0 | 0.44 | -68.57 | 0.0 | 0.32 | -57.89 | 0.0 | 0.12 | 9.09 | 0.0 | 24.37 | -2.87 | 0.0 | 120.44 | -6.56 | 0.0 | 150.00 | 250.0 | 0.0 | -50.00 | -125.76 | 0.0 | 30.91 | -10.28 | 0.0 |
| 20Q2 (3) | 0.31 | 10.71 | 0.0 | 18.10 | -26.96 | 0.0 | -2.85 | -154.91 | 0.0 | 2.87 | -44.7 | 0.0 | 5.73 | 10.4 | 0.0 | 1.40 | 6.87 | 0.0 | 0.76 | 2.7 | 0.0 | 0.11 | -8.33 | 0.0 | 25.09 | -1.06 | 0.0 | 128.89 | 16.26 | 0.0 | -100.00 | -200.0 | 0.0 | 194.12 | 0 | 0.0 | 34.45 | 7.86 | 0.0 |
| 20Q1 (2) | 0.28 | -36.36 | 0.0 | 24.78 | -13.63 | 0.0 | 5.19 | -54.03 | 0.0 | 5.19 | -52.43 | 0.0 | 5.19 | -40.69 | 0.0 | 1.31 | -46.09 | 0.0 | 0.74 | -43.51 | 0.0 | 0.12 | -14.29 | 0.0 | 25.36 | -12.37 | 0.0 | 110.86 | -6.59 | 0.0 | 100.00 | -4.0 | 0.0 | 0.00 | 100.0 | 0.0 | 31.94 | 6.86 | 0.0 |
| 19Q4 (1) | 0.44 | 0.0 | 0.0 | 28.69 | 0.0 | 0.0 | 11.29 | 0.0 | 0.0 | 10.91 | 0.0 | 0.0 | 8.75 | 0.0 | 0.0 | 2.43 | 0.0 | 0.0 | 1.31 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 28.94 | 0.0 | 0.0 | 118.68 | 0.0 | 0.0 | 104.17 | 0.0 | 0.0 | -4.17 | 0.0 | 0.0 | 29.89 | 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) | 2.02 | -6.91 | 22.73 | -14.26 | 6.89 | -29.77 | 23.98 | 28.18 | 10.52 | -11.45 | 9.38 | -9.46 | 9.01 | -23.71 | 4.06 | -13.43 | 0.37 | -11.9 | 36.81 | 14.82 | 133.37 | -28.85 | 65.43 | -20.76 | 34.57 | 98.39 | 0.35 | -3.35 | 29.07 | -1.96 |
| 2022 (9) | 2.17 | 29.17 | 26.51 | 5.45 | 9.81 | 11.86 | 18.71 | -9.84 | 11.88 | 20.0 | 10.36 | 26.34 | 11.81 | 12.05 | 4.69 | -1.26 | 0.42 | -8.7 | 32.06 | 0.0 | 187.46 | 23.82 | 82.57 | -7.15 | 17.43 | 52.19 | 0.36 | -32.9 | 29.65 | -0.97 |
| 2021 (8) | 1.68 | 64.71 | 25.14 | 16.39 | 8.77 | 181.99 | 20.75 | 6.21 | 9.90 | 156.48 | 8.20 | 73.36 | 10.54 | 118.67 | 4.75 | 75.93 | 0.46 | 0.0 | 32.06 | 25.87 | 151.40 | 25.68 | 88.93 | 9.99 | 11.45 | -40.2 | 0.54 | -8.25 | 29.94 | -4.95 |
| 2020 (7) | 1.02 | -59.36 | 21.60 | -35.68 | 3.11 | -80.87 | 19.53 | 39.1 | 3.86 | -75.43 | 4.73 | -60.48 | 4.82 | -64.19 | 2.70 | -64.71 | 0.46 | -24.59 | 25.47 | -18.02 | 120.46 | 1.5 | 80.85 | -21.96 | 19.15 | 0 | 0.59 | -4.05 | 31.50 | 4.24 |
| 2019 (6) | 2.51 | 34.22 | 33.58 | -1.18 | 16.26 | 15.16 | 14.04 | -9.7 | 15.71 | 20.75 | 11.97 | 27.75 | 13.46 | 29.92 | 7.65 | 12.83 | 0.61 | -11.59 | 31.07 | 5.0 | 118.68 | 147.92 | 103.61 | -4.68 | -3.61 | 0 | 0.61 | -34.83 | 30.22 | -3.11 |
| 2018 (5) | 1.87 | 30.77 | 33.98 | 3.82 | 14.12 | 2.99 | 15.55 | -3.47 | 13.01 | 7.34 | 9.37 | 4.11 | 10.36 | -0.48 | 6.78 | 5.12 | 0.69 | 1.47 | 29.59 | 0.78 | 47.87 | -37.67 | 108.70 | -3.71 | -8.33 | 0 | 0.94 | 0 | 31.19 | 2.3 |
| 2017 (4) | 1.43 | 0 | 32.73 | -3.62 | 13.71 | -7.24 | 16.11 | 6.36 | 12.12 | -12.24 | 9.00 | -19.28 | 10.41 | -12.37 | 6.45 | -16.23 | 0.68 | 3.03 | 29.36 | -2.72 | 76.80 | 17.25 | 112.89 | 5.3 | -13.33 | 0 | 0.00 | 0 | 30.49 | 4.81 |
| 2016 (3) | 0.00 | 0 | 33.96 | -2.47 | 14.78 | -4.58 | 15.15 | 14.61 | 13.81 | -9.2 | 11.15 | -7.32 | 11.88 | 1.8 | 7.70 | -5.17 | 0.66 | 3.13 | 30.18 | 1.79 | 65.50 | 10.7 | 107.20 | 4.93 | -7.20 | 0 | 0.00 | 0 | 29.09 | -4.31 |
| 2015 (2) | 1.57 | -58.58 | 34.82 | -18.42 | 15.49 | -40.42 | 13.21 | 30.39 | 15.21 | -53.17 | 12.03 | -56.68 | 11.67 | -67.19 | 8.12 | -63.78 | 0.64 | -18.99 | 29.65 | -32.23 | 59.17 | 32.79 | 102.16 | 27.64 | -1.73 | 0 | 0.00 | 0 | 30.40 | 16.07 |
| 2014 (1) | 3.79 | -19.87 | 42.68 | 0 | 26.00 | 0 | 10.13 | -10.75 | 32.48 | 0 | 27.77 | 0 | 35.57 | 0 | 22.42 | 0 | 0.79 | -12.22 | 43.75 | -4.73 | 44.56 | -52.93 | 80.04 | -7.77 | 19.96 | 50.99 | 0.00 | 0 | 26.19 | 4.89 |
