- 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) | 2.01 | 302.0 | 59.52 | 20.91 | -2.24 | 12.9 | 11.72 | -6.69 | 92.13 | 22.45 | 93.37 | -1.1 | 16.86 | 204.33 | -14.29 | 3.91 | 283.33 | 46.99 | 2.70 | 250.65 | 39.18 | 0.16 | 23.08 | 60.0 | 24.08 | 75.0 | -6.99 | 49.45 | 5.93 | 22.37 | 52.05 | -51.98 | 92.02 | 47.60 | 666.47 | -35.23 | 14.53 | 13.07 | -19.99 |
| 24Q2 (19) | 0.50 | 138.1 | 4.17 | 21.39 | 24.14 | 8.3 | 12.56 | 60.82 | 37.57 | 11.61 | 142.89 | 13.82 | 5.54 | 57.39 | -6.89 | 1.02 | 131.82 | -4.67 | 0.77 | 108.11 | -1.28 | 0.13 | 44.44 | 8.33 | 13.76 | 75.96 | 7.5 | 46.68 | 15.98 | 11.7 | 108.40 | -34.55 | 20.16 | -8.40 | 87.19 | -177.31 | 12.85 | -9.63 | -13.87 |
| 24Q1 (18) | 0.21 | 2000.0 | -50.0 | 17.23 | -4.12 | -6.71 | 7.81 | 123.14 | -23.36 | 4.78 | 801.89 | -36.35 | 3.52 | 1660.0 | -33.33 | 0.44 | 2100.0 | -60.36 | 0.37 | 428.57 | -50.67 | 0.09 | 28.57 | -30.77 | 7.82 | 61.57 | -24.22 | 40.25 | 0.95 | -27.08 | 165.62 | -72.4 | 22.42 | -65.62 | 86.88 | -85.94 | 14.22 | -33.08 | -1.32 |
| 23Q4 (17) | 0.01 | -99.21 | -88.89 | 17.97 | -2.97 | -16.61 | 3.50 | -42.62 | -74.89 | 0.53 | -97.67 | -88.3 | 0.20 | -98.98 | -78.72 | 0.02 | -99.25 | -92.59 | 0.07 | -96.39 | -69.57 | 0.07 | -30.0 | -58.82 | 4.84 | -81.31 | -29.75 | 39.87 | -1.34 | -39.05 | 600.00 | 2113.33 | 96.15 | -500.00 | -780.33 | -142.86 | 21.25 | 17.02 | 59.3 |
| 23Q3 (16) | 1.26 | 162.5 | -45.22 | 18.52 | -6.23 | 3.75 | 6.10 | -33.19 | -26.59 | 22.70 | 122.55 | -16.08 | 19.67 | 230.59 | -11.12 | 2.66 | 148.6 | -60.59 | 1.94 | 148.72 | -52.33 | 0.10 | -16.67 | -44.44 | 25.89 | 102.27 | -11.85 | 40.41 | -3.3 | -38.24 | 27.11 | -69.95 | -11.69 | 73.49 | 576.14 | 6.05 | 18.16 | 21.72 | 11.96 |
| 23Q2 (15) | 0.48 | 14.29 | -18.64 | 19.75 | 6.93 | 4.5 | 9.13 | -10.4 | -18.34 | 10.20 | 35.82 | -7.78 | 5.95 | 12.69 | -2.46 | 1.07 | -3.6 | -36.69 | 0.78 | 4.0 | -25.71 | 0.12 | -7.69 | -25.0 | 12.80 | 24.03 | -6.36 | 41.79 | -24.29 | -41.1 | 90.22 | -33.32 | -10.53 | 10.87 | 130.8 | 1404.35 | 14.92 | 3.54 | 2.4 |
| 23Q1 (14) | 0.42 | 366.67 | 90.91 | 18.47 | -14.29 | 56.53 | 10.19 | -26.9 | 130.54 | 7.51 | 65.78 | 112.75 | 5.28 | 461.7 | 90.61 | 1.11 | 311.11 | 81.97 | 0.75 | 226.09 | 78.57 | 0.13 | -23.53 | 0.0 | 10.32 | 49.78 | 50.22 | 55.20 | -15.61 | -20.05 | 135.29 | -55.77 | 7.54 | -35.29 | 82.86 | -36.76 | 14.41 | 8.02 | -0.07 |
| 22Q4 (13) | 0.09 | -96.09 | 800.0 | 21.55 | 20.73 | 64.5 | 13.94 | 67.75 | 653.51 | 4.53 | -83.25 | 139.68 | 0.94 | -95.75 | 394.74 | 0.27 | -96.0 | 575.0 | 0.23 | -94.35 | 187.5 | 0.17 | -5.56 | 54.55 | 6.89 | -76.54 | 9.71 | 65.41 | -0.03 | -5.95 | 305.88 | 896.48 | 205.88 | -205.88 | -397.07 | 0 | 13.34 | -17.76 | -25.6 |
| 22Q3 (12) | 2.30 | 289.83 | 66.67 | 17.85 | -5.56 | 31.25 | 8.31 | -25.67 | 111.99 | 27.05 | 144.58 | 76.22 | 22.13 | 262.79 | 65.64 | 6.75 | 299.41 | 70.03 | 4.07 | 287.62 | 65.45 | 0.18 | 12.5 | 0.0 | 29.37 | 114.85 | 61.73 | 65.43 | -7.78 | -21.02 | 30.70 | -69.56 | 21.36 | 69.30 | 8416.46 | -6.49 | 16.22 | 11.32 | -1.04 |
| 22Q2 (11) | 0.59 | 168.18 | 690.0 | 18.90 | 60.17 | 37.06 | 11.18 | 152.94 | 23.13 | 11.06 | 213.31 | 1184.31 | 6.10 | 120.22 | 670.09 | 1.69 | 177.05 | 612.12 | 1.05 | 150.0 | 625.0 | 0.16 | 23.08 | -23.81 | 13.67 | 98.98 | 842.76 | 70.95 | 2.77 | 49.94 | 100.83 | -19.85 | 111.31 | -0.83 | 96.77 | -100.08 | 14.57 | 1.04 | 8.33 |
| 22Q1 (10) | 0.22 | 2100.0 | -29.03 | 11.80 | -9.92 | -3.67 | 4.42 | 138.92 | 15.4 | 3.53 | 86.77 | -38.18 | 2.77 | 1357.89 | -34.98 | 0.61 | 1425.0 | -46.49 | 0.42 | 425.0 | -46.15 | 0.13 | 18.18 | -27.78 | 6.87 | 9.39 | -22.46 | 69.04 | -0.73 | 42.12 | 125.81 | 25.81 | 85.22 | -25.81 | 0 | -175.99 | 14.42 | -19.58 | -13.08 |
| 21Q4 (9) | 0.01 | -99.28 | -96.88 | 13.10 | -3.68 | 0.08 | 1.85 | -52.81 | -60.81 | 1.89 | -87.69 | -76.26 | 0.19 | -98.58 | -95.77 | 0.04 | -98.99 | -96.69 | 0.08 | -96.75 | -90.12 | 0.11 | -38.89 | -35.29 | 6.28 | -65.42 | -45.77 | 69.55 | -16.04 | 22.4 | 100.00 | 295.35 | 67.44 | 0.00 | -100.0 | -100.0 | 17.93 | 9.4 | 18.66 |
| 21Q3 (8) | 1.38 | 1480.0 | 91.67 | 13.60 | -1.38 | -10.99 | 3.92 | -56.83 | -36.57 | 15.35 | 1604.9 | 31.76 | 13.36 | 1348.6 | 38.3 | 3.97 | 1303.03 | 41.28 | 2.46 | 1330.0 | 32.26 | 0.18 | -14.29 | -5.26 | 18.16 | 1152.41 | 22.37 | 82.84 | 75.06 | 50.62 | 25.29 | 102.84 | -52.41 | 74.12 | -92.53 | 58.21 | 16.39 | 21.86 | 12.8 |
| 21Q2 (7) | -0.10 | -132.26 | -118.52 | 13.79 | 12.57 | -15.91 | 9.08 | 137.08 | 8.48 | -1.02 | -117.86 | -110.69 | -1.07 | -125.12 | -115.16 | -0.33 | -128.95 | -115.35 | -0.20 | -125.64 | -113.07 | 0.21 | 16.67 | 0.0 | 1.45 | -83.63 | -88.54 | 47.32 | -2.59 | -3.09 | -891.67 | -1412.73 | -1123.77 | 991.67 | 2819.91 | 8284.09 | 13.45 | -18.93 | 0 |
| 21Q1 (6) | 0.31 | -3.13 | 487.5 | 12.25 | -6.42 | 73.51 | 3.83 | -18.86 | 205.8 | 5.71 | -28.27 | 361.93 | 4.26 | -5.12 | 326.6 | 1.14 | -5.79 | 445.45 | 0.78 | -3.7 | 425.0 | 0.18 | 5.88 | 38.46 | 8.86 | -23.49 | 197.32 | 48.58 | -14.5 | 36.88 | 67.92 | 13.73 | -61.19 | 33.96 | -15.68 | 150.94 | 16.59 | 9.79 | 4.21 |
| 20Q4 (5) | 0.32 | -55.56 | 366.67 | 13.09 | -14.33 | -14.94 | 4.72 | -23.62 | -30.99 | 7.96 | -31.67 | 3048.15 | 4.49 | -53.52 | 349.44 | 1.21 | -56.94 | 363.04 | 0.81 | -56.45 | 345.45 | 0.17 | -10.53 | -10.53 | 11.58 | -21.97 | 206.35 | 56.82 | 3.31 | 74.19 | 59.72 | 12.36 | 102.06 | 40.28 | -14.02 | -98.66 | 15.11 | 3.99 | 0 |
| 20Q3 (4) | 0.72 | 33.33 | 0.0 | 15.28 | -6.83 | 0.0 | 6.18 | -26.16 | 0.0 | 11.65 | 22.12 | 0.0 | 9.66 | 36.83 | 0.0 | 2.81 | 30.7 | 0.0 | 1.86 | 21.57 | 0.0 | 0.19 | -9.52 | 0.0 | 14.84 | 17.31 | 0.0 | 55.00 | 12.64 | 0.0 | 53.15 | -38.97 | 0.0 | 46.85 | 296.07 | 0.0 | 14.53 | 0 | 0.0 |
| 20Q2 (3) | 0.54 | 775.0 | 0.0 | 16.40 | 132.29 | 0.0 | 8.37 | 331.22 | 0.0 | 9.54 | 537.61 | 0.0 | 7.06 | 475.53 | 0.0 | 2.15 | 751.52 | 0.0 | 1.53 | 737.5 | 0.0 | 0.21 | 61.54 | 0.0 | 12.65 | 324.5 | 0.0 | 48.83 | 37.59 | 0.0 | 87.10 | -50.23 | 0.0 | 11.83 | 117.74 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.08 | 33.33 | 0.0 | 7.06 | -54.13 | 0.0 | -3.62 | -152.92 | 0.0 | -2.18 | -707.41 | 0.0 | -1.88 | -4.44 | 0.0 | -0.33 | 28.26 | 0.0 | -0.24 | 27.27 | 0.0 | 0.13 | -31.58 | 0.0 | 2.98 | -21.16 | 0.0 | 35.49 | 8.8 | 0.0 | 175.00 | 106.03 | 0.0 | -66.67 | -102.22 | 0.0 | 15.92 | 0 | 0.0 |
| 19Q4 (1) | -0.12 | 0.0 | 0.0 | 15.39 | 0.0 | 0.0 | 6.84 | 0.0 | 0.0 | -0.27 | 0.0 | 0.0 | -1.80 | 0.0 | 0.0 | -0.46 | 0.0 | 0.0 | -0.33 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 3.78 | 0.0 | 0.0 | 32.62 | 0.0 | 0.0 | -2900.00 | 0.0 | 0.0 | 3000.00 | 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) | 2.18 | -32.3 | 18.78 | 5.39 | 7.76 | -20.08 | 1.96 | 12.95 | 10.77 | -11.43 | 8.07 | -4.5 | 5.46 | -40.46 | 3.88 | -32.05 | 0.45 | -30.77 | 13.87 | -6.16 | 39.87 | -39.05 | 72.04 | -9.65 | 27.96 | 37.95 | 0.08 | -23.88 | 16.61 | 13.22 |
| 2022 (9) | 3.22 | 114.67 | 17.82 | 34.59 | 9.71 | 92.28 | 1.74 | -26.94 | 12.16 | 113.33 | 8.45 | 89.04 | 9.17 | 89.86 | 5.71 | 83.6 | 0.65 | -1.52 | 14.78 | 67.76 | 65.41 | -5.95 | 79.73 | -9.85 | 20.27 | 75.42 | 0.11 | 46.96 | 14.67 | -7.44 |
| 2021 (8) | 1.50 | 0.0 | 13.24 | -2.86 | 5.05 | 5.87 | 2.38 | -25.79 | 5.70 | -26.36 | 4.47 | -20.18 | 4.83 | -15.71 | 3.11 | -22.83 | 0.66 | -7.04 | 8.81 | -22.38 | 69.55 | 22.4 | 88.44 | 43.59 | 11.56 | -69.91 | 0.07 | -51.31 | 15.85 | 8.19 |
| 2020 (7) | 1.50 | 3.45 | 13.63 | -6.19 | 4.77 | -26.05 | 3.21 | 6.92 | 7.74 | 12.83 | 5.60 | 27.27 | 5.73 | 1.96 | 4.03 | -1.47 | 0.71 | -23.66 | 11.35 | 13.16 | 56.82 | 74.19 | 61.60 | -34.51 | 38.40 | 546.07 | 0.15 | 11.17 | 14.65 | 5.93 |
| 2019 (6) | 1.45 | -10.49 | 14.53 | 20.28 | 6.45 | 30.3 | 3.00 | -17.82 | 6.86 | -1.29 | 4.40 | -2.22 | 5.62 | -9.35 | 4.09 | -8.3 | 0.93 | -6.06 | 10.03 | -6.35 | 32.62 | -24.35 | 94.06 | 32.34 | 5.94 | -79.45 | 0.14 | -9.17 | 13.83 | 7.79 |
| 2018 (5) | 1.62 | -1.82 | 12.08 | -13.41 | 4.95 | -7.99 | 3.65 | -10.86 | 6.95 | -3.07 | 4.50 | -15.25 | 6.20 | 0.65 | 4.46 | -2.19 | 0.99 | 15.12 | 10.71 | -5.97 | 43.12 | 23.2 | 71.07 | -5.24 | 28.93 | 15.72 | 0.15 | 0 | 12.83 | -4.47 |
| 2017 (4) | 1.65 | -18.72 | 13.95 | -9.47 | 5.38 | -22.14 | 4.09 | 2.54 | 7.17 | -15.35 | 5.31 | -11.2 | 6.16 | -16.53 | 4.56 | -18.43 | 0.86 | -8.51 | 11.39 | -9.75 | 35.00 | -0.28 | 75.00 | -8.14 | 25.00 | 36.19 | 0.00 | 0 | 13.43 | -0.59 |
| 2016 (3) | 2.03 | -12.12 | 15.41 | 2.87 | 6.91 | 7.13 | 3.99 | 7.29 | 8.47 | -6.82 | 5.98 | -0.99 | 7.38 | -9.56 | 5.59 | -10.85 | 0.94 | -6.93 | 12.62 | -7.41 | 35.10 | 21.54 | 81.64 | 14.93 | 18.36 | -36.61 | 0.00 | 0 | 13.51 | -2.31 |
| 2015 (2) | 2.31 | -4.94 | 14.98 | 11.62 | 6.45 | 0.0 | 3.72 | 8.07 | 9.09 | 20.88 | 6.04 | 5.23 | 8.16 | -5.88 | 6.27 | 0.48 | 1.01 | -5.61 | 13.63 | 16.3 | 28.88 | -24.1 | 71.04 | -17.29 | 28.96 | 101.72 | 0.00 | 0 | 13.83 | 2.29 |
| 2014 (1) | 2.43 | 63.09 | 13.42 | 0 | 6.45 | 0 | 3.44 | -10.55 | 7.52 | 0 | 5.74 | 0 | 8.67 | 0 | 6.24 | 0 | 1.07 | 1.9 | 11.72 | 13.24 | 38.05 | -14.76 | 85.89 | 1.88 | 14.36 | -8.52 | 0.00 | 0 | 13.52 | 5.3 |
