- 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) | 0.52 | 8.33 | -55.56 | 39.87 | 4.34 | -3.88 | 10.55 | 51.8 | -2.13 | 7.68 | -8.9 | -42.86 | 5.87 | -1.18 | -53.63 | 1.80 | 7.78 | -59.0 | 1.24 | 10.71 | -51.37 | 0.20 | 11.11 | 0.0 | 12.89 | -7.66 | -31.47 | 40.69 | -36.35 | -43.49 | 140.74 | 74.25 | 74.86 | -37.04 | -292.59 | -289.81 | 26.36 | -5.65 | -3.44 |
| 24Q2 (19) | 0.48 | -33.33 | -11.11 | 38.21 | -1.01 | 0.76 | 6.95 | 3.73 | 42.42 | 8.43 | -6.95 | -19.94 | 5.94 | -28.95 | -14.29 | 1.67 | -30.99 | -13.47 | 1.12 | -30.86 | -4.27 | 0.18 | -5.26 | 12.5 | 13.96 | -3.92 | -19.59 | 63.93 | 51.82 | -19.93 | 80.77 | 9.04 | 75.0 | 19.23 | -25.82 | -64.29 | 27.94 | -2.27 | -9.87 |
| 24Q1 (18) | 0.72 | 56.52 | 89.47 | 38.60 | 3.26 | 0.44 | 6.70 | 0.15 | 4.2 | 9.06 | 144.2 | 46.13 | 8.36 | 40.27 | 56.85 | 2.42 | 42.35 | 72.86 | 1.62 | 54.29 | 86.21 | 0.19 | 11.76 | 26.67 | 14.53 | 40.52 | 8.76 | 42.11 | -38.05 | -36.95 | 74.07 | -56.43 | -30.86 | 25.93 | 132.41 | 462.96 | 28.59 | 6.88 | -2.16 |
| 23Q4 (17) | 0.46 | -60.68 | -30.3 | 37.38 | -9.88 | -11.42 | 6.69 | -37.94 | -16.27 | 3.71 | -72.4 | -36.25 | 5.96 | -52.92 | -23.39 | 1.70 | -61.28 | -30.61 | 1.05 | -58.82 | -25.53 | 0.17 | -15.0 | 0.0 | 10.34 | -45.03 | -12.74 | 67.97 | -5.6 | -13.69 | 170.00 | 111.21 | 23.64 | -80.00 | -510.0 | -113.33 | 26.75 | -2.01 | -17.29 |
| 23Q3 (16) | 1.17 | 116.67 | -5.65 | 41.48 | 9.39 | 7.91 | 10.78 | 120.9 | 31.14 | 13.44 | 27.64 | -25.58 | 12.66 | 82.68 | -8.66 | 4.39 | 127.46 | -10.22 | 2.55 | 117.95 | -4.85 | 0.20 | 25.0 | 5.26 | 18.81 | 8.35 | -20.06 | 72.00 | -9.82 | -11.94 | 80.49 | 74.39 | 74.39 | 19.51 | -63.76 | -63.76 | 27.30 | -11.94 | -7.24 |
| 23Q2 (15) | 0.54 | 42.11 | -44.9 | 37.92 | -1.33 | 15.86 | 4.88 | -24.11 | -37.76 | 10.53 | 69.84 | -17.8 | 6.93 | 30.02 | -26.67 | 1.93 | 37.86 | -51.39 | 1.17 | 34.48 | -46.82 | 0.16 | 6.67 | -30.43 | 17.36 | 29.94 | -1.42 | 79.84 | 19.54 | -12.92 | 46.15 | -56.92 | -23.67 | 53.85 | 853.85 | 36.2 | 31.00 | 6.09 | 26.58 |
| 23Q1 (14) | 0.38 | -42.42 | -59.14 | 38.43 | -8.93 | 4.34 | 6.43 | -19.52 | -41.97 | 6.20 | 6.53 | -51.03 | 5.33 | -31.49 | -50.28 | 1.40 | -42.86 | -64.29 | 0.87 | -38.3 | -61.67 | 0.15 | -11.76 | -28.57 | 13.36 | 12.74 | -26.67 | 66.79 | -15.19 | -15.83 | 107.14 | -22.08 | 21.43 | -7.14 | 80.95 | -160.71 | 29.22 | -9.65 | 10.18 |
| 22Q4 (13) | 0.66 | -46.77 | 450.0 | 42.20 | 9.78 | 25.19 | 7.99 | -2.8 | 69.64 | 5.82 | -67.77 | 80.75 | 7.78 | -43.87 | 365.87 | 2.45 | -49.9 | 337.5 | 1.41 | -47.39 | 302.86 | 0.17 | -10.53 | -10.53 | 11.85 | -49.64 | 21.17 | 78.75 | -3.68 | 4.1 | 137.50 | 197.92 | -12.5 | -37.50 | -169.64 | 12.5 | 32.34 | 9.89 | 9.93 |
| 22Q3 (12) | 1.24 | 26.53 | 217.95 | 38.44 | 17.45 | 6.78 | 8.22 | 4.85 | 3.92 | 18.06 | 40.98 | 114.23 | 13.86 | 46.67 | 201.96 | 4.89 | 23.17 | 170.17 | 2.68 | 21.82 | 152.83 | 0.19 | -17.39 | -13.64 | 23.53 | 33.62 | 71.88 | 81.76 | -10.83 | 3.77 | 46.15 | -23.67 | -51.65 | 53.85 | 36.2 | 1084.62 | 29.43 | 20.17 | 8.88 |
| 22Q2 (11) | 0.98 | 5.38 | 28.95 | 32.73 | -11.13 | -10.3 | 7.84 | -29.24 | -34.17 | 12.81 | 1.18 | 20.39 | 9.45 | -11.85 | 20.38 | 3.97 | 1.28 | 12.46 | 2.20 | -3.08 | 5.77 | 0.23 | 9.52 | -11.54 | 17.61 | -3.35 | 15.48 | 91.69 | 15.55 | 20.69 | 60.47 | -31.47 | -46.45 | 39.53 | 236.05 | 406.4 | 24.49 | -7.65 | 3.03 |
| 22Q1 (10) | 0.93 | 675.0 | 4550.0 | 36.83 | 9.26 | 20.12 | 11.08 | 135.24 | 945.28 | 12.66 | 293.17 | 599.45 | 10.72 | 541.92 | 4023.08 | 3.92 | 600.0 | 4800.0 | 2.27 | 548.57 | 2737.5 | 0.21 | 10.53 | 10.53 | 18.22 | 86.3 | 101.33 | 79.35 | 4.89 | 13.28 | 88.24 | -43.85 | 76.47 | 11.76 | 127.45 | -52.94 | 26.52 | -9.86 | -15.49 |
| 21Q4 (9) | 0.12 | -69.23 | 157.14 | 33.71 | -6.36 | 5.51 | 4.71 | -40.46 | 6628.57 | 3.22 | -61.8 | 220.6 | 1.67 | -63.62 | 147.04 | 0.56 | -69.06 | 156.0 | 0.35 | -66.98 | 157.38 | 0.19 | -13.64 | 5.56 | 9.78 | -28.56 | 97.58 | 75.65 | -3.99 | 34.18 | 157.14 | 64.63 | 0 | -42.86 | -1042.86 | -142.86 | 29.42 | 8.84 | 0.31 |
| 21Q3 (8) | 0.39 | -48.68 | 880.0 | 36.00 | -1.34 | 9.59 | 7.91 | -33.59 | 645.52 | 8.43 | -20.77 | 532.31 | 4.59 | -41.53 | 666.67 | 1.81 | -48.73 | 854.17 | 1.06 | -49.04 | 806.67 | 0.22 | -15.38 | 15.79 | 13.69 | -10.23 | 154.46 | 78.79 | 3.71 | 34.11 | 95.45 | -15.45 | 27.27 | 4.55 | 135.23 | -81.82 | 27.03 | 13.71 | -15.56 |
| 21Q2 (7) | 0.76 | 3700.0 | -13.64 | 36.49 | 19.02 | -6.75 | 11.91 | 1023.58 | 6.34 | 10.64 | 487.85 | -13.78 | 7.85 | 2919.23 | -30.96 | 3.53 | 4312.5 | -18.66 | 2.08 | 2500.0 | -30.67 | 0.26 | 36.84 | 0.0 | 15.25 | 68.51 | -14.66 | 75.97 | 8.45 | 65.15 | 112.90 | 125.81 | 25.93 | -12.90 | -151.61 | -224.73 | 23.77 | -24.25 | 0 |
| 21Q1 (6) | 0.02 | 109.52 | 110.53 | 30.66 | -4.04 | -15.28 | 1.06 | 1414.29 | 126.7 | 1.81 | 167.79 | 224.83 | 0.26 | 107.32 | 106.72 | 0.08 | 108.0 | 108.33 | 0.08 | 113.11 | 111.94 | 0.19 | 5.56 | 11.76 | 9.05 | 82.83 | 24.31 | 70.05 | 24.25 | 57.42 | 50.00 | 0 | -83.33 | 25.00 | -75.0 | 112.5 | 31.38 | 6.99 | -12.74 |
| 20Q4 (5) | -0.21 | -320.0 | -2200.0 | 31.95 | -2.74 | -10.95 | 0.07 | 104.83 | -93.07 | -2.67 | -36.92 | -196.67 | -3.55 | -338.27 | -3650.0 | -1.00 | -316.67 | -3433.33 | -0.61 | -306.67 | -3150.0 | 0.18 | -5.26 | -18.18 | 4.95 | -7.99 | -23.26 | 56.38 | -4.03 | 46.63 | -0.00 | -100.0 | 100.0 | 100.00 | 300.0 | -50.0 | 29.33 | -8.37 | -8.17 |
| 20Q3 (4) | -0.05 | -105.68 | 0.0 | 32.85 | -16.05 | 0.0 | -1.45 | -112.95 | 0.0 | -1.95 | -115.8 | 0.0 | -0.81 | -107.12 | 0.0 | -0.24 | -105.53 | 0.0 | -0.15 | -105.0 | 0.0 | 0.19 | -26.92 | 0.0 | 5.38 | -69.89 | 0.0 | 58.75 | 27.72 | 0.0 | 75.00 | -16.35 | 0.0 | 25.00 | 141.67 | 0.0 | 32.01 | 0 | 0.0 |
| 20Q2 (3) | 0.88 | 563.16 | 0.0 | 39.13 | 8.12 | 0.0 | 11.20 | 382.12 | 0.0 | 12.34 | 951.03 | 0.0 | 11.37 | 393.8 | 0.0 | 4.34 | 552.08 | 0.0 | 3.00 | 547.76 | 0.0 | 0.26 | 52.94 | 0.0 | 17.87 | 145.47 | 0.0 | 46.00 | 3.37 | 0.0 | 89.66 | -70.11 | 0.0 | 10.34 | 105.17 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.19 | -2000.0 | 0.0 | 36.19 | 0.86 | 0.0 | -3.97 | -493.07 | 0.0 | -1.45 | -61.11 | 0.0 | -3.87 | -3970.0 | 0.0 | -0.96 | -3300.0 | 0.0 | -0.67 | -3450.0 | 0.0 | 0.17 | -22.73 | 0.0 | 7.28 | 12.87 | 0.0 | 44.50 | 15.73 | 0.0 | 300.00 | 400.0 | 0.0 | -200.00 | -200.0 | 0.0 | 35.96 | 12.59 | 0.0 |
| 19Q4 (1) | 0.01 | 0.0 | 0.0 | 35.88 | 0.0 | 0.0 | 1.01 | 0.0 | 0.0 | -0.90 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 0.03 | 0.0 | 0.0 | 0.02 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 6.45 | 0.0 | 0.0 | 38.45 | 0.0 | 0.0 | -100.00 | 0.0 | 0.0 | 200.00 | 0.0 | 0.0 | 31.94 | 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) | 2.55 | -32.89 | 38.94 | 4.4 | 7.41 | -15.02 | 5.11 | 18.87 | 8.70 | -30.18 | 8.00 | -23.44 | 9.22 | -41.42 | 5.53 | -39.43 | 0.67 | -21.18 | 15.13 | -15.33 | 67.97 | -13.69 | 85.56 | 22.83 | 14.44 | -52.4 | 1.35 | -4.55 | 28.45 | 1.57 |
| 2022 (9) | 3.80 | 194.57 | 37.30 | 7.99 | 8.72 | 24.75 | 4.30 | -15.55 | 12.46 | 89.94 | 10.45 | 159.95 | 15.74 | 162.33 | 9.13 | 143.47 | 0.85 | -5.56 | 17.87 | 45.17 | 78.75 | 4.1 | 69.66 | -35.39 | 30.34 | 0 | 1.41 | 19.09 | 28.01 | 1.93 |
| 2021 (8) | 1.29 | 207.14 | 34.54 | -2.04 | 6.99 | 196.19 | 5.09 | -18.29 | 6.56 | 169.96 | 4.02 | 133.72 | 6.00 | 191.26 | 3.75 | 158.62 | 0.90 | 11.11 | 12.31 | 29.04 | 75.65 | 34.18 | 107.81 | 7.81 | -6.25 | 0 | 1.18 | -20.39 | 27.48 | -12.51 |
| 2020 (7) | 0.42 | 0 | 35.26 | 7.76 | 2.36 | 0 | 6.23 | -12.47 | 2.43 | 0 | 1.72 | 0 | 2.06 | 0 | 1.45 | 0 | 0.81 | 1.25 | 9.54 | 46.09 | 56.38 | 46.63 | 100.00 | -37.5 | 5.56 | 0 | 1.49 | 5.3 | 31.41 | -0.66 |
| 2019 (6) | -0.28 | 0 | 32.72 | 14.65 | -2.27 | 0 | 7.11 | 11.82 | -1.43 | 0 | -1.25 | 0 | -1.38 | 0 | -1.00 | 0 | 0.80 | -4.76 | 6.53 | -43.9 | 38.45 | 3.81 | 160.00 | 277.14 | -60.00 | 0 | 1.41 | 12.56 | 31.62 | 22.7 |
| 2018 (5) | 0.84 | -56.25 | 28.54 | -8.44 | 1.94 | -77.49 | 6.36 | 16.75 | 4.49 | -42.95 | 3.04 | -51.05 | 3.79 | -56.59 | 2.58 | -53.51 | 0.84 | -3.45 | 11.64 | -16.92 | 37.04 | -41.77 | 42.42 | -60.79 | 57.58 | 0 | 1.25 | 0 | 25.77 | 16.66 |
| 2017 (4) | 1.92 | -17.24 | 31.17 | 5.38 | 8.62 | 13.72 | 5.45 | 19.16 | 7.87 | -12.65 | 6.21 | -5.77 | 8.73 | -15.73 | 5.55 | -16.04 | 0.87 | -11.22 | 14.01 | -0.36 | 63.61 | 9.75 | 108.20 | 29.51 | -9.84 | 0 | 0.00 | 0 | 22.09 | -0.54 |
| 2016 (3) | 2.32 | -33.9 | 29.58 | -2.25 | 7.58 | -18.32 | 4.57 | 29.89 | 9.01 | -17.03 | 6.59 | -30.85 | 10.36 | -37.74 | 6.61 | -36.99 | 0.98 | -8.41 | 14.06 | -6.58 | 57.96 | -5.85 | 83.54 | -1.07 | 16.46 | 13.92 | 0.00 | 0 | 22.21 | -0.94 |
| 2015 (2) | 3.51 | 25.36 | 30.26 | 2.02 | 9.28 | 10.21 | 3.52 | 3.82 | 10.86 | -1.36 | 9.53 | 13.05 | 16.64 | -1.13 | 10.49 | 5.43 | 1.07 | -8.55 | 15.05 | 1.48 | 61.56 | -8.0 | 84.44 | 9.78 | 14.44 | -37.41 | 0.00 | 0 | 22.42 | 9.58 |
| 2014 (1) | 2.80 | 70.73 | 29.66 | 0 | 8.42 | 0 | 3.39 | -20.21 | 11.01 | 0 | 8.43 | 0 | 16.83 | 0 | 9.95 | 0 | 1.17 | -0.85 | 14.83 | 22.66 | 66.91 | -9.41 | 76.92 | -17.58 | 23.08 | 246.15 | 0.00 | 0 | 20.46 | 2.4 |
