- 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) | 0.72 | 12.5 | 38.46 | 15.26 | -10.08 | 15.69 | 4.65 | 9.67 | 249.62 | 5.67 | -11.41 | 20.64 | 4.59 | -4.77 | 11.14 | 1.77 | -1.67 | 22.07 | 1.26 | 0.8 | 26.0 | 0.26 | 4.0 | 23.81 | 6.66 | -11.32 | 4.23 | 43.10 | -12.47 | -22.9 | 82.61 | 25.34 | 184.54 | 17.39 | -48.99 | -75.49 | 7.89 | -17.81 | -18.91 |
| 24Q2 (19) | 0.64 | 128.57 | 0.0 | 16.97 | 49.25 | 76.77 | 4.24 | 551.06 | 386.49 | 6.40 | 183.19 | 49.88 | 4.82 | 112.33 | 4.1 | 1.80 | 125.0 | -1.1 | 1.25 | 115.52 | 12.61 | 0.25 | 8.7 | 19.05 | 7.51 | 112.15 | 25.17 | 49.24 | -3.49 | -36.64 | 65.91 | 264.77 | 285.74 | 34.09 | -75.65 | -74.22 | 9.60 | 10.34 | 15.66 |
| 24Q1 (18) | 0.28 | 216.67 | 12.0 | 11.37 | 32.21 | -6.8 | -0.94 | 59.31 | -140.87 | 2.26 | 155.53 | 20.86 | 2.27 | 201.34 | 34.32 | 0.80 | 219.4 | 11.11 | 0.58 | 265.71 | 11.54 | 0.23 | 21.05 | 4.55 | 3.54 | 239.37 | 1.72 | 51.02 | -9.81 | -47.37 | -40.00 | -167.69 | -131.11 | 140.00 | 208.0 | 753.33 | 8.70 | 15.23 | 21.85 |
| 23Q4 (17) | -0.24 | -146.15 | -200.0 | 8.60 | -34.8 | -18.02 | -2.31 | -273.68 | -194.29 | -4.07 | -186.6 | -1171.88 | -2.24 | -154.24 | -339.22 | -0.67 | -146.21 | -179.17 | -0.35 | -135.0 | -3400.0 | 0.19 | -9.52 | -20.83 | -2.54 | -139.75 | -370.21 | 56.57 | 1.2 | -35.77 | 59.09 | 103.54 | 108.44 | 45.45 | -35.95 | -94.32 | 7.55 | -22.4 | 40.33 |
| 23Q3 (16) | 0.52 | -18.75 | -61.76 | 13.19 | 37.4 | -1.57 | 1.33 | 189.86 | -65.63 | 4.70 | 10.07 | -38.4 | 4.13 | -10.8 | -31.96 | 1.45 | -20.33 | -63.84 | 1.00 | -9.91 | -52.38 | 0.21 | 0.0 | -36.36 | 6.39 | 6.5 | -25.87 | 55.90 | -28.08 | -43.38 | 29.03 | 181.82 | -42.58 | 70.97 | -46.34 | 43.55 | 9.73 | 17.23 | 34.39 |
| 23Q2 (15) | 0.64 | 156.0 | -47.54 | 9.60 | -21.31 | -43.06 | -1.48 | -164.35 | -121.76 | 4.27 | 128.34 | -47.74 | 4.63 | 173.96 | -22.18 | 1.82 | 152.78 | -49.58 | 1.11 | 113.46 | -40.32 | 0.21 | -4.55 | -30.0 | 6.00 | 72.41 | -33.55 | 77.72 | -19.83 | -24.64 | -35.48 | -127.6 | -142.88 | 132.26 | 717.2 | 667.1 | 8.30 | 16.25 | 5.2 |
| 23Q1 (14) | 0.25 | 412.5 | -75.96 | 12.20 | 16.3 | -24.88 | 2.30 | -6.12 | -61.98 | 1.87 | 684.38 | -74.8 | 1.69 | 431.37 | -68.17 | 0.72 | 400.0 | -75.59 | 0.52 | 5300.0 | -68.48 | 0.22 | -8.33 | -26.67 | 3.48 | 270.21 | -57.3 | 96.95 | 10.07 | -0.79 | 128.57 | 118.37 | 55.53 | -21.43 | -102.68 | -214.8 | 7.14 | 32.71 | -9.04 |
| 22Q4 (13) | -0.08 | -105.88 | -111.11 | 10.49 | -21.72 | -33.18 | 2.45 | -36.69 | -55.7 | -0.32 | -104.19 | -105.66 | -0.51 | -108.4 | -113.49 | -0.24 | -105.99 | -111.94 | -0.01 | -100.48 | -100.83 | 0.24 | -27.27 | -22.58 | 0.94 | -89.1 | -85.31 | 88.08 | -10.78 | 25.88 | -700.00 | -1484.44 | -825.93 | 800.00 | 1518.18 | 44700.0 | 5.38 | -25.69 | -21.46 |
| 22Q3 (12) | 1.36 | 11.48 | 91.55 | 13.40 | -20.52 | -9.21 | 3.87 | -43.09 | -25.29 | 7.63 | -6.61 | 32.47 | 6.07 | 2.02 | 63.61 | 4.01 | 11.08 | 97.54 | 2.10 | 12.9 | 72.13 | 0.33 | 10.0 | 6.45 | 8.62 | -4.54 | 31.6 | 98.72 | -4.28 | 40.85 | 50.56 | -38.9 | -43.49 | 49.44 | 186.74 | 369.66 | 7.24 | -8.24 | 4.93 |
| 22Q2 (11) | 1.22 | 17.31 | 18.45 | 16.86 | 3.82 | 8.77 | 6.80 | 12.4 | 25.23 | 8.17 | 10.11 | 11.16 | 5.95 | 12.05 | 6.63 | 3.61 | 22.37 | 16.45 | 1.86 | 12.73 | 3.33 | 0.30 | 0.0 | -6.25 | 9.03 | 10.8 | 12.59 | 103.13 | 5.54 | 32.27 | 82.76 | 0.11 | 13.0 | 17.24 | -7.64 | -31.99 | 7.89 | 0.51 | 3.27 |
| 22Q1 (10) | 1.04 | 44.44 | 136.36 | 16.24 | 3.44 | 26.87 | 6.05 | 9.4 | 70.42 | 7.42 | 31.33 | 110.8 | 5.31 | 40.48 | 105.81 | 2.95 | 46.77 | 110.71 | 1.65 | 36.36 | 89.66 | 0.30 | -3.23 | -6.25 | 8.15 | 27.34 | 90.42 | 97.72 | 39.66 | 31.77 | 82.67 | -14.27 | -17.33 | 18.67 | 945.33 | 0 | 7.85 | 14.6 | 15.1 |
| 21Q4 (9) | 0.72 | 1.41 | 60.0 | 15.70 | 6.37 | 8.35 | 5.53 | 6.76 | 19.44 | 5.65 | -1.91 | 28.7 | 3.78 | 1.89 | 29.01 | 2.01 | -0.99 | 38.62 | 1.21 | -0.82 | 27.37 | 0.31 | 0.0 | 0.0 | 6.40 | -2.29 | 20.3 | 69.97 | -0.17 | 11.88 | 96.43 | 7.77 | -8.78 | 1.79 | -83.04 | 131.25 | 6.85 | -0.72 | -1.01 |
| 21Q3 (8) | 0.71 | -31.07 | 162.96 | 14.76 | -4.77 | 52.01 | 5.18 | -4.6 | 1133.33 | 5.76 | -21.63 | 145.11 | 3.71 | -33.51 | 114.45 | 2.03 | -34.52 | 125.56 | 1.22 | -32.22 | 90.62 | 0.31 | -3.13 | -8.82 | 6.55 | -18.33 | 96.11 | 70.09 | -10.11 | 14.98 | 89.47 | 22.17 | 466.67 | 10.53 | -58.48 | -87.5 | 6.90 | -9.69 | 10.58 |
| 21Q2 (7) | 1.03 | 134.09 | 202.94 | 15.50 | 21.09 | 31.69 | 5.43 | 52.96 | 190.37 | 7.35 | 108.81 | 142.57 | 5.58 | 116.28 | 112.98 | 3.10 | 121.43 | 169.57 | 1.80 | 106.9 | 125.0 | 0.32 | 0.0 | 6.67 | 8.02 | 87.38 | 100.5 | 77.97 | 5.14 | 72.39 | 73.24 | -26.76 | 12.68 | 25.35 | 0 | -36.62 | 7.64 | 12.02 | 0 |
| 21Q1 (6) | 0.44 | -2.22 | 109.52 | 12.80 | -11.66 | 7.65 | 3.55 | -23.33 | 98.32 | 3.52 | -19.82 | 57.14 | 2.58 | -11.95 | 67.53 | 1.40 | -3.45 | 105.88 | 0.87 | -8.42 | 70.59 | 0.32 | 3.23 | 3.23 | 4.28 | -19.55 | 35.87 | 74.16 | 18.58 | 51.47 | 100.00 | -5.41 | 23.08 | 0.00 | 100.0 | -100.0 | 6.82 | -1.45 | 0 |
| 20Q4 (5) | 0.45 | 66.67 | 150.0 | 14.49 | 49.23 | 24.16 | 4.63 | 1002.38 | 39.88 | 4.39 | 86.81 | 91.7 | 2.93 | 69.36 | 179.05 | 1.45 | 61.11 | 158.93 | 0.95 | 48.44 | 126.19 | 0.31 | -8.82 | -18.42 | 5.32 | 59.28 | 69.97 | 62.54 | 2.59 | 64.75 | 105.71 | 569.52 | -27.09 | -5.71 | -106.79 | 87.3 | 6.92 | 10.9 | -2.67 |
| 20Q3 (4) | 0.27 | -20.59 | 0.0 | 9.71 | -17.5 | 0.0 | 0.42 | -77.54 | 0.0 | 2.35 | -22.44 | 0.0 | 1.73 | -33.97 | 0.0 | 0.90 | -21.74 | 0.0 | 0.64 | -20.0 | 0.0 | 0.34 | 13.33 | 0.0 | 3.34 | -16.5 | 0.0 | 60.96 | 34.78 | 0.0 | 15.79 | -75.71 | 0.0 | 84.21 | 110.53 | 0.0 | 6.24 | 0 | 0.0 |
| 20Q2 (3) | 0.34 | 61.9 | 0.0 | 11.77 | -1.01 | 0.0 | 1.87 | 4.47 | 0.0 | 3.03 | 35.27 | 0.0 | 2.62 | 70.13 | 0.0 | 1.15 | 69.12 | 0.0 | 0.80 | 56.86 | 0.0 | 0.30 | -3.23 | 0.0 | 4.00 | 26.98 | 0.0 | 45.23 | -7.62 | 0.0 | 65.00 | -20.0 | 0.0 | 40.00 | 113.33 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.21 | 16.67 | 0.0 | 11.89 | 1.89 | 0.0 | 1.79 | -45.92 | 0.0 | 2.24 | -2.18 | 0.0 | 1.54 | 46.67 | 0.0 | 0.68 | 21.43 | 0.0 | 0.51 | 21.43 | 0.0 | 0.31 | -18.42 | 0.0 | 3.15 | 0.64 | 0.0 | 48.96 | 28.98 | 0.0 | 81.25 | -43.97 | 0.0 | 18.75 | 141.67 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.18 | 0.0 | 0.0 | 11.67 | 0.0 | 0.0 | 3.31 | 0.0 | 0.0 | 2.29 | 0.0 | 0.0 | 1.05 | 0.0 | 0.0 | 0.56 | 0.0 | 0.0 | 0.42 | 0.0 | 0.0 | 0.38 | 0.0 | 0.0 | 3.13 | 0.0 | 0.0 | 37.96 | 0.0 | 0.0 | 145.00 | 0.0 | 0.0 | -45.00 | 0.0 | 0.0 | 7.11 | 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) | 1.18 | -66.67 | 11.01 | -23.54 | 0.12 | -97.54 | 0.85 | 45.12 | 1.98 | -67.38 | 2.26 | -49.55 | 3.34 | -66.36 | 2.45 | -58.4 | 0.86 | -30.65 | 3.63 | -48.29 | 56.57 | -35.77 | 5.56 | -93.08 | 92.59 | 368.63 | 0.07 | 139.72 | 8.16 | 13.81 |
| 2022 (9) | 3.54 | 21.65 | 14.40 | -2.24 | 4.88 | -1.41 | 0.59 | -2.44 | 6.07 | 8.2 | 4.48 | 13.71 | 9.93 | 15.2 | 5.89 | 10.3 | 1.24 | -6.06 | 7.02 | 10.03 | 88.08 | 25.88 | 80.24 | -8.72 | 19.76 | 69.92 | 0.03 | -7.6 | 7.17 | 1.7 |
| 2021 (8) | 2.91 | 130.95 | 14.73 | 23.16 | 4.95 | 126.03 | 0.60 | -18.75 | 5.61 | 85.76 | 3.94 | 79.09 | 8.62 | 112.84 | 5.34 | 86.71 | 1.32 | 8.2 | 6.38 | 60.71 | 69.97 | 11.88 | 87.91 | 21.72 | 11.63 | -58.14 | 0.03 | -58.35 | 7.05 | 2.17 |
| 2020 (7) | 1.26 | -16.0 | 11.96 | -5.75 | 2.19 | -27.96 | 0.74 | 1.07 | 3.02 | -11.7 | 2.20 | -7.17 | 4.05 | -15.62 | 2.86 | -16.86 | 1.22 | -12.86 | 3.97 | -7.67 | 62.54 | 64.75 | 72.22 | -19.11 | 27.78 | 159.26 | 0.08 | -43.93 | 6.90 | -2.68 |
| 2019 (6) | 1.50 | -47.18 | 12.69 | -15.23 | 3.04 | -33.77 | 0.73 | 284.08 | 3.42 | -37.7 | 2.37 | -41.04 | 4.80 | -49.69 | 3.44 | -44.25 | 1.40 | -6.67 | 4.30 | -26.24 | 37.96 | -25.13 | 89.29 | 6.82 | 10.71 | -34.74 | 0.13 | 10.12 | 7.09 | -7.44 |
| 2018 (5) | 2.84 | 26.79 | 14.97 | 12.56 | 4.59 | 4.79 | 0.19 | -0.65 | 5.49 | 46.4 | 4.02 | 45.13 | 9.54 | 20.3 | 6.17 | 34.13 | 1.50 | -7.41 | 5.83 | 44.67 | 50.70 | -25.1 | 83.58 | -28.75 | 16.42 | 0 | 0.12 | 0 | 7.66 | 27.67 |
| 2017 (4) | 2.24 | -4.68 | 13.30 | 12.9 | 4.38 | 28.45 | 0.19 | 2.05 | 3.75 | 11.28 | 2.77 | 8.63 | 7.93 | -6.92 | 4.60 | -7.44 | 1.62 | -15.62 | 4.03 | 12.26 | 67.69 | -19.87 | 117.31 | 15.87 | -16.67 | 0 | 0.00 | 0 | 6.00 | 13.42 |
| 2016 (3) | 2.35 | -8.91 | 11.78 | -9.38 | 3.41 | 5.9 | 0.19 | -18.75 | 3.37 | -16.79 | 2.55 | -17.74 | 8.52 | -9.84 | 4.97 | -16.61 | 1.92 | 0.0 | 3.59 | -16.71 | 84.48 | 36.39 | 101.24 | 27.46 | -1.24 | 0 | 0.00 | 0 | 5.29 | -14.12 |
| 2015 (2) | 2.58 | -31.38 | 13.00 | -8.52 | 3.22 | -30.3 | 0.23 | -0.02 | 4.05 | -30.65 | 3.10 | -31.42 | 9.45 | -33.87 | 5.96 | -32.27 | 1.92 | -1.03 | 4.31 | -29.23 | 61.94 | 10.45 | 79.43 | 0.08 | 20.57 | -2.19 | 0.00 | 0 | 6.16 | -3.45 |
| 2014 (1) | 3.76 | -8.07 | 14.21 | 0 | 4.62 | 0 | 0.23 | 12.53 | 5.84 | 0 | 4.52 | 0 | 14.29 | 0 | 8.80 | 0 | 1.94 | -11.42 | 6.09 | 0.66 | 56.08 | -19.38 | 79.37 | -8.27 | 21.03 | 56.08 | 0.00 | 0 | 6.38 | 14.13 |
