- 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) | 0.62 | -47.01 | -67.54 | 24.62 | -5.53 | 10.35 | 5.38 | -13.5 | -28.93 | 6.09 | -55.51 | -70.94 | 5.58 | -52.87 | -68.83 | 0.94 | -47.19 | -71.69 | 0.70 | -45.31 | -66.18 | 0.11 | 10.0 | 0.0 | 11.60 | -39.9 | -55.32 | 53.39 | 1.19 | -12.01 | 88.51 | 94.28 | 145.33 | 11.49 | -78.89 | -82.02 | 17.01 | -5.13 | -0.41 |
| 24Q2 (19) | 1.17 | -14.6 | -30.77 | 26.06 | 6.19 | 10.47 | 6.22 | 1580.95 | 39.15 | 13.69 | -35.24 | -14.38 | 11.84 | -36.51 | -8.64 | 1.78 | -14.42 | -31.27 | 1.28 | -13.51 | -21.95 | 0.10 | 42.86 | -16.67 | 19.30 | -33.22 | -5.72 | 52.76 | 25.17 | -32.31 | 45.56 | 2480.28 | 62.42 | 54.44 | -46.58 | -24.33 | 17.93 | -30.58 | 7.3 |
| 24Q1 (18) | 1.37 | 1013.33 | -26.74 | 24.54 | 0.9 | -12.64 | -0.42 | -107.66 | -103.41 | 21.14 | 865.94 | 25.53 | 18.65 | 709.48 | 29.07 | 2.08 | 542.55 | -32.47 | 1.48 | 878.95 | -24.87 | 0.07 | -30.0 | -46.15 | 28.90 | 860.13 | 37.88 | 42.15 | -26.4 | -31.92 | -1.91 | 99.03 | -102.62 | 101.91 | -65.72 | 279.73 | 25.83 | 47.01 | 80.63 |
| 23Q4 (17) | -0.15 | -107.85 | -106.22 | 24.32 | 9.01 | -12.42 | 5.48 | -27.61 | -62.64 | -2.76 | -113.17 | -115.65 | -3.06 | -117.09 | -120.96 | -0.47 | -114.16 | -111.81 | -0.19 | -109.18 | -107.57 | 0.10 | -9.09 | -37.5 | 3.01 | -88.41 | -85.84 | 57.27 | -5.62 | -15.21 | -197.30 | -646.89 | -337.45 | 297.30 | 365.08 | 1658.15 | 17.57 | 2.87 | 31.12 |
| 23Q3 (16) | 1.91 | 13.02 | -43.82 | 22.31 | -5.43 | -25.86 | 7.57 | 69.35 | -55.34 | 20.96 | 31.08 | -23.0 | 17.90 | 38.12 | -22.91 | 3.32 | 28.19 | -52.37 | 2.07 | 26.22 | -48.64 | 0.11 | -8.33 | -35.29 | 25.96 | 26.82 | -14.32 | 60.68 | -22.15 | -12.25 | 36.08 | 28.62 | -42.03 | 63.92 | -11.16 | 69.25 | 17.08 | 2.21 | 22.53 |
| 23Q2 (15) | 1.69 | -9.63 | -23.87 | 23.59 | -16.02 | -22.55 | 4.47 | -63.72 | -68.63 | 15.99 | -5.05 | -23.6 | 12.96 | -10.31 | -23.4 | 2.59 | -15.91 | -42.06 | 1.64 | -16.75 | -33.87 | 0.12 | -7.69 | -14.29 | 20.47 | -2.34 | -16.69 | 77.94 | 25.89 | -8.83 | 28.05 | -61.66 | -58.66 | 71.95 | 168.09 | 126.13 | 16.71 | 16.85 | 9.36 |
| 23Q1 (14) | 1.87 | -22.41 | 22.22 | 28.09 | 1.15 | 3.77 | 12.32 | -16.02 | 1.4 | 16.84 | -4.54 | 17.68 | 14.45 | -1.03 | 25.22 | 3.08 | -22.61 | 1.32 | 1.97 | -21.51 | 13.87 | 0.13 | -18.75 | -7.14 | 20.96 | -1.41 | 18.28 | 61.91 | -8.34 | -29.27 | 73.16 | -11.95 | -13.83 | 26.84 | 58.72 | 77.8 | 14.30 | 6.72 | 3.7 |
| 22Q4 (13) | 2.41 | -29.12 | 57.52 | 27.77 | -7.71 | 1.46 | 14.67 | -13.45 | 85.23 | 17.64 | -35.19 | -9.03 | 14.60 | -37.12 | -8.75 | 3.98 | -42.9 | 7.28 | 2.51 | -37.72 | 19.52 | 0.16 | -5.88 | 23.08 | 21.26 | -29.83 | -7.2 | 67.54 | -2.33 | -17.03 | 83.09 | 33.52 | 103.37 | 16.91 | -55.23 | -71.41 | 13.40 | -3.87 | -13.16 |
| 22Q3 (12) | 3.40 | 53.15 | 566.67 | 30.09 | -1.21 | 56.96 | 16.95 | 18.95 | 366.94 | 27.22 | 30.05 | 1053.39 | 23.22 | 37.23 | 4737.5 | 6.97 | 55.93 | 5708.33 | 4.03 | 62.5 | 2586.67 | 0.17 | 21.43 | 30.77 | 30.30 | 23.32 | 412.69 | 69.15 | -19.11 | -20.92 | 62.23 | -8.29 | -60.17 | 37.77 | 18.7 | 171.09 | 13.94 | -8.77 | -4.19 |
| 22Q2 (11) | 2.22 | 45.1 | 572.73 | 30.46 | 12.52 | 164.64 | 14.25 | 17.28 | 1354.08 | 20.93 | 46.26 | 17341.67 | 16.92 | 46.62 | 18700.0 | 4.47 | 47.04 | 14800.0 | 2.48 | 43.35 | 2380.0 | 0.14 | 0.0 | -26.32 | 24.57 | 38.66 | 834.22 | 85.49 | -2.33 | 2.74 | 67.86 | -20.08 | -92.86 | 31.82 | 110.8 | 103.74 | 15.28 | 10.8 | 69.59 |
| 22Q1 (10) | 1.53 | 0.0 | 393.55 | 27.07 | -1.1 | 53.89 | 12.15 | 53.41 | 794.29 | 14.31 | -26.2 | 4075.0 | 11.54 | -27.88 | 57600.0 | 3.04 | -18.06 | 0 | 1.73 | -17.62 | 2062.5 | 0.14 | 7.69 | 40.0 | 17.72 | -22.65 | 324.94 | 87.53 | 7.53 | 4.78 | 84.91 | 107.82 | -81.13 | 15.09 | -74.48 | 104.31 | 13.79 | -10.63 | -16.02 |
| 21Q4 (9) | 1.53 | 200.0 | 1076.92 | 27.37 | 42.78 | 85.18 | 7.92 | 118.18 | 506.15 | 19.39 | 721.61 | 4208.89 | 16.00 | 3233.33 | 53233.33 | 3.71 | 2991.67 | 37000.0 | 2.10 | 1300.0 | 2525.0 | 0.13 | 0.0 | 0.0 | 22.91 | 287.65 | 478.54 | 81.40 | -6.91 | 16.72 | 40.86 | -73.85 | 110.21 | 59.14 | 211.33 | -88.17 | 15.43 | 6.05 | 8.59 |
| 21Q3 (8) | 0.51 | 54.55 | 363.64 | 19.17 | 66.55 | 26.87 | 3.63 | 270.41 | 194.78 | 2.36 | 1866.67 | 675.61 | 0.48 | 433.33 | 580.0 | 0.12 | 300.0 | 700.0 | 0.15 | 50.0 | 150.0 | 0.13 | -31.58 | 8.33 | 5.91 | 124.71 | 87.03 | 87.44 | 5.08 | 50.21 | 156.25 | -83.55 | -84.38 | -53.12 | 93.75 | 94.1 | 14.55 | 61.49 | -0.89 |
| 21Q2 (7) | 0.33 | 6.45 | -25.0 | 11.51 | -34.57 | -39.29 | 0.98 | 156.0 | 153.26 | 0.12 | 133.33 | -97.27 | 0.09 | 350.0 | -98.16 | 0.03 | 0 | -96.67 | 0.10 | 25.0 | -83.05 | 0.19 | 90.0 | 72.73 | 2.63 | -36.93 | -68.58 | 83.21 | -0.4 | 16.56 | 950.00 | 111.11 | 2391.18 | -850.00 | -142.86 | -700.86 | 9.01 | -45.13 | 0 |
| 21Q1 (6) | 0.31 | 138.46 | 416.67 | 17.59 | 19.01 | -27.43 | -1.75 | 10.26 | -144.08 | -0.36 | -180.0 | -115.58 | 0.02 | -33.33 | -98.69 | 0.00 | -100.0 | -100.0 | 0.08 | 0.0 | -69.23 | 0.10 | -23.08 | -23.08 | 4.17 | 5.3 | -23.91 | 83.54 | 19.79 | 10.62 | 450.00 | 212.5 | 163.41 | -350.00 | -170.0 | -394.12 | 16.42 | 15.55 | 0 |
| 20Q4 (5) | 0.13 | 18.18 | -78.33 | 14.78 | -2.18 | -33.15 | -1.95 | 49.09 | -208.94 | 0.45 | 209.76 | -92.39 | 0.03 | 130.0 | -99.53 | 0.01 | 150.0 | -99.26 | 0.08 | 33.33 | -92.08 | 0.13 | 8.33 | -13.33 | 3.96 | 25.32 | -56.29 | 69.74 | 19.81 | 52.34 | -400.00 | -140.0 | -1440.0 | 500.00 | 155.56 | 628.26 | 14.21 | -3.2 | -5.77 |
| 20Q3 (4) | 0.11 | -75.0 | 0.0 | 15.11 | -20.31 | 0.0 | -3.83 | -108.15 | 0.0 | -0.41 | -109.32 | 0.0 | -0.10 | -102.04 | 0.0 | -0.02 | -102.22 | 0.0 | 0.06 | -89.83 | 0.0 | 0.12 | 9.09 | 0.0 | 3.16 | -62.25 | 0.0 | 58.21 | -18.46 | 0.0 | 1000.00 | 2511.76 | 0.0 | -900.00 | -736.21 | 0.0 | 14.68 | 0 | 0.0 |
| 20Q2 (3) | 0.44 | 633.33 | 0.0 | 18.96 | -21.78 | 0.0 | -1.84 | -146.35 | 0.0 | 4.40 | 90.48 | 0.0 | 4.90 | 220.26 | 0.0 | 0.90 | 190.32 | 0.0 | 0.59 | 126.92 | 0.0 | 0.11 | -15.38 | 0.0 | 8.37 | 52.74 | 0.0 | 71.39 | -5.47 | 0.0 | -41.46 | -124.27 | 0.0 | 141.46 | 299.71 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.06 | -90.0 | 0.0 | 24.24 | 9.63 | 0.0 | 3.97 | 121.79 | 0.0 | 2.31 | -60.91 | 0.0 | 1.53 | -76.21 | 0.0 | 0.31 | -77.21 | 0.0 | 0.26 | -74.26 | 0.0 | 0.13 | -13.33 | 0.0 | 5.48 | -39.51 | 0.0 | 75.52 | 64.96 | 0.0 | 170.83 | 472.29 | 0.0 | -70.83 | -203.17 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.60 | 0.0 | 0.0 | 22.11 | 0.0 | 0.0 | 1.79 | 0.0 | 0.0 | 5.91 | 0.0 | 0.0 | 6.43 | 0.0 | 0.0 | 1.36 | 0.0 | 0.0 | 1.01 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 9.06 | 0.0 | 0.0 | 45.78 | 0.0 | 0.0 | 29.85 | 0.0 | 0.0 | 68.66 | 0.0 | 0.0 | 15.08 | 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) | 5.22 | -44.59 | 24.64 | -14.56 | 7.59 | -48.23 | 3.40 | 40.53 | 13.31 | -34.37 | 11.05 | -34.3 | 8.26 | -52.06 | 5.54 | -46.27 | 0.46 | -22.03 | 18.11 | -23.59 | 57.27 | -15.21 | 57.02 | -21.11 | 42.98 | 55.01 | 0.77 | -2.94 | 16.34 | 16.38 |
| 2022 (9) | 9.42 | 250.19 | 28.84 | 58.99 | 14.66 | 435.04 | 2.42 | 1.58 | 20.28 | 301.58 | 16.82 | 334.63 | 17.23 | 357.03 | 10.31 | 314.06 | 0.59 | 5.36 | 23.70 | 181.81 | 67.54 | -17.03 | 72.27 | 33.42 | 27.73 | -39.5 | 0.79 | 4.12 | 14.04 | 6.61 |
| 2021 (8) | 2.69 | 263.51 | 18.14 | 0.28 | 2.74 | 0 | 2.38 | -8.99 | 5.05 | 225.81 | 3.87 | 172.54 | 3.77 | 249.07 | 2.49 | 159.38 | 0.56 | 16.67 | 8.41 | 64.26 | 81.40 | 16.72 | 54.17 | 0 | 45.83 | -71.46 | 0.76 | -2.93 | 13.17 | -14.2 |
| 2020 (7) | 0.74 | -65.09 | 18.09 | -26.91 | -0.94 | 0 | 2.62 | -6.03 | 1.55 | -77.73 | 1.42 | -78.96 | 1.08 | -77.41 | 0.96 | -73.7 | 0.48 | -5.88 | 5.12 | -51.19 | 69.74 | 52.34 | -60.61 | 0 | 160.61 | 240.33 | 0.78 | -24.93 | 15.35 | -9.86 |
| 2019 (6) | 2.12 | -17.83 | 24.75 | 0.77 | 3.67 | 9.23 | 2.79 | 92.07 | 6.96 | -27.42 | 6.75 | -22.41 | 4.78 | -38.0 | 3.65 | -38.03 | 0.51 | -22.73 | 10.49 | -9.8 | 45.78 | 44.83 | 52.81 | 50.83 | 47.19 | -27.38 | 1.04 | -3.29 | 17.03 | 5.25 |
| 2018 (5) | 2.58 | 0.78 | 24.56 | -18.27 | 3.36 | -65.54 | 1.45 | 24.51 | 9.59 | -2.44 | 8.70 | 3.08 | 7.71 | -29.52 | 5.89 | -26.74 | 0.66 | -29.79 | 11.63 | 2.02 | 31.61 | -21.03 | 35.01 | -64.66 | 64.99 | 7032.29 | 1.08 | 0 | 16.18 | 6.17 |
| 2017 (4) | 2.56 | -51.79 | 30.05 | -15.85 | 9.75 | -40.59 | 1.17 | 6.12 | 9.83 | -40.39 | 8.44 | -38.3 | 10.94 | -47.0 | 8.04 | -47.04 | 0.94 | -14.55 | 11.40 | -36.24 | 40.03 | 9.85 | 99.09 | -0.41 | 0.91 | 81.32 | 0.00 | 0 | 15.24 | -3.12 |
| 2016 (3) | 5.31 | 19.33 | 35.71 | 11.42 | 16.41 | 32.02 | 1.10 | 4.09 | 16.49 | 22.97 | 13.68 | 16.82 | 20.64 | 8.29 | 15.18 | 14.57 | 1.10 | -1.79 | 17.88 | 20.49 | 36.44 | -3.57 | 99.50 | 7.38 | 0.50 | -93.16 | 0.00 | 0 | 15.73 | -6.37 |
| 2015 (2) | 4.45 | 9.34 | 32.05 | 1.26 | 12.43 | 8.28 | 1.05 | 13.56 | 13.41 | 5.01 | 11.71 | 5.31 | 19.06 | 5.71 | 13.25 | 5.75 | 1.12 | 0.0 | 14.84 | 5.92 | 37.79 | -31.05 | 92.66 | 2.93 | 7.34 | -27.92 | 0.00 | 0 | 16.80 | 1.08 |
| 2014 (1) | 4.07 | 40.83 | 31.65 | 0 | 11.48 | 0 | 0.93 | -8.64 | 12.77 | 0 | 11.12 | 0 | 18.03 | 0 | 12.53 | 0 | 1.12 | 20.43 | 14.01 | 6.3 | 54.81 | 58.69 | 90.02 | -6.2 | 10.19 | 153.11 | 0.00 | 0 | 16.62 | -3.09 |
