- 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) | 0.28 | -56.25 | 180.0 | 9.68 | -40.9 | 19260.0 | 4.93 | -60.24 | 210.79 | 6.90 | -53.16 | 107.21 | 5.87 | -51.61 | 119.85 | 1.06 | -56.91 | 186.49 | 0.94 | -55.66 | 184.85 | 0.16 | -5.88 | 33.33 | 17.60 | -31.54 | -15.55 | 11.91 | -26.07 | -0.25 | 71.53 | -15.15 | 153.89 | 28.47 | 81.38 | -87.77 | 21.25 | 12.43 | -21.21 |
| 24Q2 (19) | 0.64 | -18.99 | 23.08 | 16.38 | 3.08 | 133.0 | 12.40 | -0.48 | 234.23 | 14.73 | -20.08 | 11.17 | 12.13 | -17.71 | -1.22 | 2.46 | -17.73 | 24.87 | 2.12 | -19.08 | 33.33 | 0.17 | -5.56 | 30.77 | 25.71 | -15.37 | -11.44 | 16.11 | -2.25 | -30.38 | 84.30 | 24.73 | 199.88 | 15.70 | -51.57 | -78.16 | 18.90 | -2.93 | -12.3 |
| 24Q1 (18) | 0.79 | 1480.0 | 51.92 | 15.89 | 131.63 | 2.71 | 12.46 | 286.96 | -2.66 | 18.43 | 1104.58 | 38.16 | 14.74 | 1108.2 | 38.14 | 2.99 | 1395.0 | 57.37 | 2.62 | 1278.95 | 65.82 | 0.18 | 20.0 | 20.0 | 30.38 | 86.95 | 11.16 | 16.48 | 33.66 | -38.25 | 67.59 | -67.82 | -29.74 | 32.41 | 129.47 | 680.63 | 19.47 | -13.39 | -1.22 |
| 23Q4 (17) | 0.05 | -50.0 | -92.19 | 6.86 | 13620.0 | -66.32 | 3.22 | 172.36 | -81.86 | 1.53 | -54.05 | -89.15 | 1.22 | -54.31 | -89.18 | 0.20 | -45.95 | -91.11 | 0.19 | -42.42 | -90.21 | 0.15 | 25.0 | -11.76 | 16.25 | -22.02 | -38.61 | 12.33 | 3.27 | -23.84 | 210.00 | 258.22 | 66.96 | -110.00 | -147.27 | -326.7 | 22.48 | -16.65 | 29.2 |
| 23Q3 (16) | 0.10 | -80.77 | -92.96 | 0.05 | -99.29 | -99.76 | -4.45 | -219.95 | -123.89 | 3.33 | -74.87 | -88.5 | 2.67 | -78.26 | -88.62 | 0.37 | -81.22 | -92.79 | 0.33 | -79.25 | -92.18 | 0.12 | -7.69 | -33.33 | 20.84 | -28.21 | -49.02 | 11.94 | -48.4 | -26.7 | -132.73 | -572.13 | -306.02 | 232.73 | 223.74 | 554.18 | 26.97 | 25.15 | 0 |
| 23Q2 (15) | 0.52 | 0.0 | -66.45 | 7.03 | -54.56 | -68.8 | 3.71 | -71.02 | -81.81 | 13.25 | -0.67 | -56.64 | 12.28 | 15.09 | -51.63 | 1.97 | 3.68 | -64.44 | 1.59 | 0.63 | -65.13 | 0.13 | -13.33 | -27.78 | 29.03 | 6.22 | -31.81 | 23.14 | -13.3 | -15.45 | 28.11 | -70.78 | -57.91 | 71.89 | 1631.29 | 116.45 | 21.55 | 9.34 | 0 |
| 23Q1 (14) | 0.52 | -18.75 | -50.0 | 15.47 | -24.05 | -22.88 | 12.80 | -27.89 | -27.02 | 13.34 | -5.39 | -40.68 | 10.67 | -5.41 | -40.69 | 1.90 | -15.56 | -48.51 | 1.58 | -18.56 | -50.31 | 0.15 | -11.76 | -16.67 | 27.33 | 3.25 | -22.42 | 26.69 | 64.85 | 61.76 | 96.19 | -23.52 | 23.13 | 4.15 | 116.11 | -81.17 | 19.71 | 13.28 | 6.71 |
| 22Q4 (13) | 0.64 | -54.93 | -33.33 | 20.37 | -2.77 | -14.66 | 17.75 | -4.72 | -17.67 | 14.10 | -51.3 | -33.71 | 11.28 | -51.94 | -33.73 | 2.25 | -56.14 | -35.71 | 1.94 | -54.03 | -36.18 | 0.17 | -5.56 | -5.56 | 26.47 | -35.25 | -23.65 | 16.19 | -0.61 | 3.19 | 125.78 | 95.24 | 23.91 | -25.78 | -172.46 | -1848.16 | 17.40 | 0 | 75.76 |
| 22Q3 (12) | 1.42 | -8.39 | 51.06 | 20.95 | -7.01 | 7.77 | 18.63 | -8.68 | 8.38 | 28.95 | -5.27 | 42.19 | 23.47 | -7.56 | 38.88 | 5.13 | -7.4 | 45.33 | 4.22 | -7.46 | 43.05 | 0.18 | 0.0 | 5.88 | 40.88 | -3.97 | 16.97 | 16.29 | -40.48 | 6.4 | 64.42 | -3.54 | -23.64 | 35.58 | 7.12 | 127.59 | 0.00 | 0 | -100.0 |
| 22Q2 (11) | 1.55 | 49.04 | 91.36 | 22.53 | 12.31 | 7.29 | 20.40 | 16.31 | 8.11 | 30.56 | 35.88 | 69.5 | 25.39 | 41.13 | 74.74 | 5.54 | 50.14 | 84.67 | 4.56 | 43.4 | 81.67 | 0.18 | 0.0 | 5.88 | 42.57 | 20.83 | 29.67 | 27.37 | 65.88 | 11.12 | 66.79 | -14.51 | -36.08 | 33.21 | 50.63 | 803.78 | 0.00 | -100.0 | -100.0 |
| 22Q1 (10) | 1.04 | 8.33 | 26.83 | 20.06 | -15.96 | 1.57 | 17.54 | -18.65 | -1.02 | 22.49 | 5.74 | 26.21 | 17.99 | 5.7 | 26.25 | 3.69 | 5.43 | 23.41 | 3.18 | 4.61 | 21.84 | 0.18 | 0.0 | 0.0 | 35.23 | 1.62 | 8.07 | 16.50 | 5.16 | 8.55 | 78.12 | -23.04 | -21.35 | 22.05 | 1766.25 | 4882.99 | 18.47 | 86.57 | -4.0 |
| 21Q4 (9) | 0.96 | 2.13 | 35.21 | 23.87 | 22.79 | 13.78 | 21.56 | 25.42 | 15.29 | 21.27 | 4.47 | 27.29 | 17.02 | 0.71 | 27.4 | 3.50 | -0.85 | 25.9 | 3.04 | 3.05 | 26.14 | 0.18 | 5.88 | 0.0 | 34.67 | -0.8 | 5.77 | 15.69 | 2.48 | 3.36 | 101.51 | 20.32 | -9.28 | -1.32 | -108.47 | 88.88 | 9.90 | -46.02 | -29.84 |
| 21Q3 (8) | 0.94 | 16.05 | 17.5 | 19.44 | -7.43 | 11.28 | 17.19 | -8.9 | 12.43 | 20.36 | 12.92 | 15.22 | 16.90 | 16.31 | 13.35 | 3.53 | 17.67 | 7.62 | 2.95 | 17.53 | 8.06 | 0.17 | 0.0 | -5.56 | 34.95 | 6.46 | 0.87 | 15.31 | -37.84 | -5.55 | 84.37 | -19.26 | -2.42 | 15.63 | 431.23 | 15.45 | 18.34 | 3.09 | 1.38 |
| 21Q2 (7) | 0.81 | -1.22 | 3.85 | 21.00 | 6.33 | 7.53 | 18.87 | 6.49 | 8.57 | 18.03 | 1.18 | 6.94 | 14.53 | 1.96 | 0.83 | 3.00 | 0.33 | -4.76 | 2.51 | -3.83 | -3.83 | 0.17 | -5.56 | -5.56 | 32.83 | 0.71 | -5.44 | 24.63 | 62.04 | -0.53 | 104.49 | 5.19 | 1.47 | -4.72 | -1166.52 | -58.48 | 17.79 | -7.54 | 10.98 |
| 21Q1 (6) | 0.82 | 15.49 | -6.82 | 19.75 | -5.86 | -0.6 | 17.72 | -5.24 | -1.72 | 17.82 | 6.64 | -5.36 | 14.25 | 6.66 | -5.38 | 2.99 | 7.55 | -13.08 | 2.61 | 8.3 | -11.53 | 0.18 | 0.0 | -10.0 | 32.60 | -0.55 | -7.99 | 15.20 | 0.13 | -12.89 | 99.34 | -11.23 | 3.83 | 0.44 | 103.72 | -89.27 | 19.24 | 36.36 | 22.78 |
| 20Q4 (5) | 0.71 | -11.25 | 2.9 | 20.98 | 20.09 | 6.17 | 18.70 | 22.3 | 3.49 | 16.71 | -5.43 | 11.47 | 13.36 | -10.4 | 11.52 | 2.78 | -15.24 | 2.21 | 2.41 | -11.72 | 2.55 | 0.18 | 0.0 | -10.0 | 32.78 | -5.4 | 3.44 | 15.18 | -6.35 | -5.95 | 111.90 | 29.42 | -6.99 | -11.90 | -187.88 | 42.16 | 14.11 | -22.0 | 0 |
| 20Q3 (4) | 0.80 | 2.56 | 0.0 | 17.47 | -10.55 | 0.0 | 15.29 | -12.03 | 0.0 | 17.67 | 4.8 | 0.0 | 14.91 | 3.47 | 0.0 | 3.28 | 4.13 | 0.0 | 2.73 | 4.6 | 0.0 | 0.18 | 0.0 | 0.0 | 34.65 | -0.2 | 0.0 | 16.21 | -34.53 | 0.0 | 86.46 | -16.04 | 0.0 | 13.54 | 554.69 | 0.0 | 18.09 | 12.85 | 0.0 |
| 20Q2 (3) | 0.78 | -11.36 | 0.0 | 19.53 | -1.71 | 0.0 | 17.38 | -3.61 | 0.0 | 16.86 | -10.46 | 0.0 | 14.41 | -4.32 | 0.0 | 3.15 | -8.43 | 0.0 | 2.61 | -11.53 | 0.0 | 0.18 | -10.0 | 0.0 | 34.72 | -2.0 | 0.0 | 24.76 | 41.89 | 0.0 | 102.98 | 7.64 | 0.0 | -2.98 | -172.21 | 0.0 | 16.03 | 2.3 | 0.0 |
| 20Q1 (2) | 0.88 | 27.54 | 0.0 | 19.87 | 0.56 | 0.0 | 18.03 | -0.22 | 0.0 | 18.83 | 25.62 | 0.0 | 15.06 | 25.71 | 0.0 | 3.44 | 26.47 | 0.0 | 2.95 | 25.53 | 0.0 | 0.20 | 0.0 | 0.0 | 35.43 | 11.8 | 0.0 | 17.45 | 8.12 | 0.0 | 95.67 | -20.48 | 0.0 | 4.12 | 120.04 | 0.0 | 15.67 | 0 | 0.0 |
| 19Q4 (1) | 0.69 | 0.0 | 0.0 | 19.76 | 0.0 | 0.0 | 18.07 | 0.0 | 0.0 | 14.99 | 0.0 | 0.0 | 11.98 | 0.0 | 0.0 | 2.72 | 0.0 | 0.0 | 2.35 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 31.69 | 0.0 | 0.0 | 16.14 | 0.0 | 0.0 | 120.31 | 0.0 | 0.0 | -20.57 | 0.0 | 0.0 | 0.00 | 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) | 1.20 | -74.19 | 7.88 | -62.48 | 4.41 | -76.3 | 14.84 | 24.75 | 8.15 | -66.35 | 6.93 | -64.82 | 4.33 | -73.65 | 3.82 | -73.1 | 0.55 | -23.61 | 23.52 | -35.54 | 12.33 | -23.84 | 54.09 | -29.61 | 45.91 | 98.3 | 0.00 | 0 | 22.43 | 36.52 |
| 2022 (9) | 4.65 | 32.1 | 21.00 | -0.1 | 18.61 | -1.22 | 11.89 | -14.76 | 24.22 | 25.1 | 19.70 | 25.72 | 16.43 | 27.27 | 14.20 | 26.67 | 0.72 | 1.41 | 36.49 | 8.09 | 16.19 | 3.19 | 76.85 | -21.02 | 23.15 | 756.55 | 0.00 | 0 | 16.43 | 0.67 |
| 2021 (8) | 3.52 | 11.04 | 21.02 | 7.96 | 18.84 | 8.53 | 13.96 | -12.32 | 19.36 | 10.38 | 15.67 | 8.44 | 12.91 | 6.96 | 11.21 | 7.07 | 0.71 | -1.39 | 33.76 | -1.92 | 15.69 | 3.36 | 97.30 | -1.66 | 2.70 | 155.71 | 0.00 | 0 | 16.32 | 2.19 |
| 2020 (7) | 3.17 | 11.23 | 19.47 | 11.45 | 17.36 | 11.07 | 15.92 | -5.5 | 17.54 | 3.54 | 14.45 | 8.24 | 12.07 | 8.94 | 10.47 | 7.27 | 0.72 | -1.37 | 34.42 | -2.05 | 15.18 | -5.95 | 98.94 | 7.17 | 1.06 | -86.34 | 0.00 | 0 | 15.97 | -0.31 |
| 2019 (6) | 2.85 | -11.21 | 17.47 | -8.29 | 15.63 | -9.23 | 16.84 | 35.27 | 16.94 | -15.0 | 13.35 | -17.44 | 11.08 | -12.48 | 9.76 | -14.61 | 0.73 | 2.82 | 35.14 | 5.43 | 16.14 | 39.02 | 92.32 | 6.84 | 7.74 | -43.05 | 0.00 | 0 | 16.02 | -6.37 |
| 2018 (5) | 3.21 | 1.9 | 19.05 | 14.83 | 17.22 | 16.27 | 12.45 | 11.11 | 19.93 | -0.85 | 16.17 | -8.44 | 12.66 | -2.99 | 11.43 | -3.46 | 0.71 | 5.97 | 33.33 | 2.62 | 11.61 | 17.63 | 86.41 | 17.33 | 13.59 | -48.43 | 0.00 | 0 | 17.11 | -4.41 |
| 2017 (4) | 3.15 | 36.36 | 16.59 | 2.53 | 14.81 | 1.51 | 11.21 | -26.23 | 20.10 | 35.54 | 17.66 | 46.68 | 13.05 | 28.19 | 11.84 | 28.98 | 0.67 | -11.84 | 32.48 | 3.47 | 9.87 | -6.71 | 73.64 | -25.11 | 26.36 | 1481.34 | 0.00 | 0 | 17.90 | 7.9 |
| 2016 (3) | 2.31 | -9.41 | 16.18 | -9.71 | 14.59 | -11.14 | 15.19 | -12.09 | 14.83 | -5.36 | 12.04 | -6.45 | 10.18 | -13.73 | 9.18 | -12.65 | 0.76 | -7.32 | 31.39 | -6.58 | 10.58 | -6.29 | 98.33 | -6.18 | 1.67 | 0 | 0.00 | 0 | 16.59 | 4.34 |
| 2015 (2) | 2.55 | 33.51 | 17.92 | 40.22 | 16.42 | 45.05 | 17.28 | -17.12 | 15.67 | 34.62 | 12.87 | 40.35 | 11.80 | 25.4 | 10.51 | 23.94 | 0.82 | -11.83 | 33.60 | 1.94 | 11.29 | -14.47 | 104.81 | 7.82 | -4.81 | 0 | 0.00 | 0 | 15.90 | 7.0 |
| 2014 (1) | 1.91 | 634.62 | 12.78 | 0 | 11.32 | 0 | 20.85 | -26.96 | 11.64 | 0 | 9.17 | 0 | 9.41 | 0 | 8.48 | 0 | 0.93 | 13.41 | 32.96 | 2.14 | 13.20 | 53.67 | 97.20 | 0 | 2.80 | -97.36 | 0.00 | 0 | 14.86 | 6.91 |
