- 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) | 1.26 | 240.54 | 186.36 | 48.47 | -8.32 | -38.28 | 18.99 | 87.46 | -70.26 | 20.61 | 88.91 | -73.98 | 18.36 | 174.03 | -73.86 | 4.54 | 324.3 | 39.26 | 3.93 | 305.15 | 36.46 | 0.21 | 50.0 | 425.0 | 22.62 | 56.97 | -69.26 | 16.79 | 13.29 | 148.01 | 92.50 | 0.21 | 14.26 | 7.50 | -2.5 | -60.62 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.37 | -65.42 | -22.92 | 52.87 | -14.73 | -0.79 | 10.13 | -54.08 | 26.31 | 10.91 | -51.96 | 12.13 | 6.70 | -61.58 | -2.9 | 1.07 | -58.69 | 10.31 | 0.97 | -59.24 | 12.79 | 0.14 | 0.0 | 16.67 | 14.41 | -43.49 | 11.36 | 14.82 | 82.51 | -14.48 | 92.31 | -3.5 | 12.09 | 7.69 | 253.85 | -56.41 | 26.13 | 31.44 | 10.11 |
| 24Q1 (18) | 1.07 | 154.76 | 282.14 | 62.00 | 46.95 | 11.13 | 22.06 | 493.01 | 18483.33 | 22.71 | 470.6 | 25133.33 | 17.44 | 302.77 | 938.46 | 2.59 | 57.93 | 1136.0 | 2.38 | 54.55 | 1290.0 | 0.14 | -60.0 | 40.0 | 25.50 | 253.19 | 515.94 | 8.12 | -23.03 | -29.08 | 95.65 | 7.61 | 0 | 2.17 | -60.87 | 0 | 19.88 | 3.81 | -36.2 |
| 23Q4 (17) | 0.42 | -4.55 | 100.0 | 42.19 | -46.28 | -8.82 | 3.72 | -94.17 | 21.17 | 3.98 | -94.97 | 14.7 | 4.33 | -93.84 | 41.5 | 1.64 | -49.69 | 53.27 | 1.54 | -46.53 | 54.0 | 0.35 | 775.0 | 12.9 | 7.22 | -90.19 | 2.85 | 10.55 | 55.83 | -42.48 | 88.89 | 9.8 | 3.7 | 5.56 | -70.83 | -61.11 | 19.15 | 280.72 | -7.08 |
| 23Q3 (16) | 0.44 | -8.33 | -6.38 | 78.53 | 47.36 | 28.76 | 63.86 | 696.26 | 398.91 | 79.20 | 713.98 | 289.96 | 70.25 | 918.12 | 332.31 | 3.26 | 236.08 | 89.53 | 2.88 | 234.88 | 82.28 | 0.04 | -66.67 | -60.0 | 73.58 | 468.62 | 217.02 | 6.77 | -60.93 | 13.4 | 80.95 | -1.7 | 32.99 | 19.05 | 7.94 | -45.24 | 5.03 | -78.8 | -79.02 |
| 23Q2 (15) | 0.48 | 71.43 | 14.29 | 53.29 | -4.48 | -10.84 | 8.02 | 6783.33 | -49.43 | 9.73 | 10711.11 | -47.58 | 6.90 | 431.73 | -53.54 | 0.97 | 488.0 | -35.76 | 0.86 | 530.0 | -38.13 | 0.12 | 20.0 | 33.33 | 12.94 | 212.56 | -38.12 | 17.33 | 51.35 | 46.24 | 82.35 | 0 | -3.11 | 17.65 | 0 | 17.65 | 23.73 | -23.84 | -3.5 |
| 23Q1 (14) | 0.28 | 33.33 | -45.1 | 55.79 | 20.57 | -5.89 | -0.12 | -103.91 | -100.66 | 0.09 | -97.41 | -99.55 | -2.08 | -167.97 | -112.9 | -0.25 | -123.36 | -114.04 | -0.20 | -120.0 | -111.98 | 0.10 | -67.74 | 0.0 | 4.14 | -41.03 | -81.6 | 11.45 | -37.57 | 84.08 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 31.16 | 51.19 | 48.03 |
| 22Q4 (13) | 0.21 | -55.32 | -44.74 | 46.27 | -24.14 | -21.0 | 3.07 | -76.02 | -83.45 | 3.47 | -82.91 | -76.77 | 3.06 | -81.17 | -77.28 | 1.07 | -37.79 | -19.55 | 1.00 | -36.71 | -16.67 | 0.31 | 210.0 | 244.44 | 7.02 | -69.75 | -57.89 | 18.34 | 207.2 | 131.57 | 85.71 | 40.82 | -31.43 | 14.29 | -58.93 | 157.14 | 20.61 | -14.05 | 3.67 |
| 22Q3 (12) | 0.47 | 11.9 | 80.77 | 60.99 | 2.04 | 1.9 | 12.80 | -19.29 | 124.17 | 20.31 | 9.43 | 62.48 | 16.25 | 9.43 | 62.5 | 1.72 | 13.91 | 89.01 | 1.58 | 13.67 | 100.0 | 0.10 | 11.11 | 25.0 | 23.21 | 11.0 | 53.2 | 5.97 | -49.62 | -59.88 | 60.87 | -28.39 | 21.74 | 34.78 | 131.88 | -40.37 | 23.98 | -2.48 | -5.66 |
| 22Q2 (11) | 0.42 | -17.65 | 23.53 | 59.77 | 0.83 | -0.71 | 15.86 | -13.29 | -7.25 | 18.56 | -7.89 | -7.01 | 14.85 | -7.94 | 19.85 | 1.51 | -15.17 | 29.06 | 1.39 | -16.77 | 32.38 | 0.09 | -10.0 | 12.5 | 20.91 | -7.07 | -4.52 | 11.85 | 90.51 | -18.61 | 85.00 | -7.27 | -0.83 | 15.00 | 80.0 | 5.0 | 24.59 | 16.82 | -10.03 |
| 22Q1 (10) | 0.51 | 34.21 | 104.0 | 59.28 | 1.21 | -2.37 | 18.29 | -1.4 | 55.0 | 20.15 | 34.87 | 69.47 | 16.13 | 19.75 | 69.43 | 1.78 | 33.83 | 106.98 | 1.67 | 39.17 | 111.39 | 0.10 | 11.11 | 25.0 | 22.50 | 34.97 | 52.96 | 6.22 | -21.46 | -28.34 | 91.67 | -26.67 | -8.33 | 8.33 | 133.33 | 0 | 21.05 | 5.89 | -19.69 |
| 21Q4 (9) | 0.38 | 46.15 | 2.7 | 58.57 | -2.14 | -5.64 | 18.55 | 224.87 | 5.34 | 14.94 | 19.52 | 2.96 | 13.47 | 34.7 | 17.85 | 1.33 | 46.15 | 3.91 | 1.20 | 51.9 | 2.56 | 0.09 | 12.5 | -10.0 | 16.67 | 10.03 | -0.77 | 7.92 | -46.77 | -13.44 | 125.00 | 150.0 | 2.27 | -25.00 | -142.86 | -12.5 | 19.88 | -21.79 | 12.51 |
| 21Q3 (8) | 0.26 | -23.53 | -35.0 | 59.85 | -0.58 | -5.06 | 5.71 | -66.61 | -49.02 | 12.50 | -37.37 | -35.33 | 10.00 | -19.29 | -35.36 | 0.91 | -22.22 | -35.0 | 0.79 | -24.76 | -36.8 | 0.08 | 0.0 | 0.0 | 15.15 | -30.82 | -31.14 | 14.88 | 2.2 | 65.33 | 50.00 | -41.67 | -13.64 | 58.33 | 308.33 | 38.54 | 25.42 | -6.99 | 10.0 |
| 21Q2 (7) | 0.34 | 36.0 | 61.9 | 60.20 | -0.86 | -6.58 | 17.10 | 44.92 | 59.96 | 19.96 | 67.87 | 87.42 | 12.39 | 30.15 | 38.59 | 1.17 | 36.05 | 56.0 | 1.05 | 32.91 | 56.72 | 0.08 | 0.0 | 14.29 | 21.90 | 48.88 | 66.03 | 14.56 | 67.74 | -3.38 | 85.71 | -14.29 | -14.29 | 14.29 | 0 | 0 | 27.33 | 4.27 | -28.98 |
| 21Q1 (6) | 0.25 | -32.43 | -59.68 | 60.72 | -2.17 | -6.81 | 11.80 | -32.99 | -50.36 | 11.89 | -18.06 | -47.81 | 9.52 | -16.71 | -46.93 | 0.86 | -32.81 | -60.37 | 0.79 | -32.48 | -59.69 | 0.08 | -20.0 | -27.27 | 14.71 | -12.44 | -39.32 | 8.68 | -5.14 | -9.96 | 100.00 | -18.18 | -3.23 | 0.00 | 100.0 | 100.0 | 26.21 | 48.33 | 5.3 |
| 20Q4 (5) | 0.37 | -7.5 | 164.29 | 62.07 | -1.54 | 5.51 | 17.61 | 57.23 | 428.83 | 14.51 | -24.94 | 409.12 | 11.43 | -26.12 | 154.0 | 1.28 | -8.57 | 166.67 | 1.17 | -6.4 | 172.09 | 0.10 | 25.0 | 0.0 | 16.80 | -23.64 | 233.33 | 9.15 | 1.67 | -25.85 | 122.22 | 111.11 | -8.33 | -22.22 | -152.78 | 33.33 | 17.67 | -23.54 | -36.14 |
| 20Q3 (4) | 0.40 | 90.48 | 0.0 | 63.04 | -2.17 | 0.0 | 11.20 | 4.77 | 0.0 | 19.33 | 81.5 | 0.0 | 15.47 | 73.04 | 0.0 | 1.40 | 86.67 | 0.0 | 1.25 | 86.57 | 0.0 | 0.08 | 14.29 | 0.0 | 22.00 | 66.79 | 0.0 | 9.00 | -40.28 | 0.0 | 57.89 | -42.11 | 0.0 | 42.11 | 0 | 0.0 | 23.11 | -39.94 | 0.0 |
| 20Q2 (3) | 0.21 | -66.13 | 0.0 | 64.44 | -1.1 | 0.0 | 10.69 | -55.03 | 0.0 | 10.65 | -53.25 | 0.0 | 8.94 | -50.17 | 0.0 | 0.75 | -65.44 | 0.0 | 0.67 | -65.82 | 0.0 | 0.07 | -36.36 | 0.0 | 13.19 | -45.59 | 0.0 | 15.07 | 56.33 | 0.0 | 100.00 | -3.23 | 0.0 | -0.00 | 100.0 | 0.0 | 38.48 | 54.6 | 0.0 |
| 20Q1 (2) | 0.62 | 342.86 | 0.0 | 65.16 | 10.76 | 0.0 | 23.77 | 613.81 | 0.0 | 22.78 | 699.3 | 0.0 | 17.94 | 298.67 | 0.0 | 2.17 | 352.08 | 0.0 | 1.96 | 355.81 | 0.0 | 0.11 | 10.0 | 0.0 | 24.24 | 380.95 | 0.0 | 9.64 | -21.88 | 0.0 | 103.33 | -22.5 | 0.0 | -3.33 | 90.0 | 0.0 | 24.89 | -10.05 | 0.0 |
| 19Q4 (1) | 0.14 | 0.0 | 0.0 | 58.83 | 0.0 | 0.0 | 3.33 | 0.0 | 0.0 | 2.85 | 0.0 | 0.0 | 4.50 | 0.0 | 0.0 | 0.48 | 0.0 | 0.0 | 0.43 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 5.04 | 0.0 | 0.0 | 12.34 | 0.0 | 0.0 | 133.33 | 0.0 | 0.0 | -33.33 | 0.0 | 0.0 | 27.67 | 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) | 1.61 | 0.0 | 49.31 | -6.27 | 7.85 | -11.9 | 1.36 | 43.58 | 9.38 | -14.42 | 8.01 | -10.3 | 5.24 | -9.03 | 4.62 | -9.77 | 0.57 | 0.0 | 12.21 | -12.16 | 10.55 | -42.48 | 84.21 | 3.35 | 15.79 | -14.74 | 3.86 | -13.52 | 21.34 | -2.02 |
| 2022 (9) | 1.61 | 30.89 | 52.61 | -12.05 | 8.91 | -33.75 | 0.94 | -44.26 | 10.96 | -26.39 | 8.93 | -21.6 | 5.76 | 35.21 | 5.12 | 30.28 | 0.57 | 67.65 | 13.90 | -19.14 | 18.34 | 131.57 | 81.48 | -9.79 | 18.52 | 91.36 | 4.46 | 1203.41 | 21.78 | -11.68 |
| 2021 (8) | 1.23 | -23.13 | 59.82 | -6.06 | 13.45 | -18.93 | 1.69 | 8.47 | 14.89 | -13.63 | 11.39 | -17.16 | 4.26 | -22.12 | 3.93 | -20.45 | 0.34 | -5.56 | 17.19 | -11.48 | 7.92 | -13.44 | 90.32 | -6.02 | 9.68 | 148.39 | 0.34 | -29.91 | 24.66 | -2.26 |
| 2020 (7) | 1.60 | -27.93 | 63.68 | 2.71 | 16.59 | 49.86 | 1.56 | 13.39 | 17.24 | -15.32 | 13.75 | -18.2 | 5.47 | -28.03 | 4.94 | -28.2 | 0.36 | -12.2 | 19.42 | -12.68 | 9.15 | -25.85 | 96.10 | 76.76 | 3.90 | -91.46 | 0.49 | -22.86 | 25.23 | -5.93 |
| 2019 (6) | 2.22 | 48.0 | 62.00 | -4.39 | 11.07 | -7.9 | 1.38 | 137.01 | 20.36 | 59.31 | 16.81 | 49.96 | 7.60 | 49.02 | 6.88 | 48.92 | 0.41 | 0.0 | 22.24 | 59.43 | 12.34 | 39.12 | 54.37 | -42.12 | 45.63 | 652.91 | 0.63 | -29.8 | 26.82 | 27.41 |
| 2018 (5) | 1.50 | -11.24 | 64.85 | -0.61 | 12.02 | -17.56 | 0.58 | -5.81 | 12.78 | -16.2 | 11.21 | -16.09 | 5.10 | 2.0 | 4.62 | 1.32 | 0.41 | 20.59 | 13.95 | -15.25 | 8.87 | -24.7 | 93.94 | -2.09 | 6.06 | 49.49 | 0.90 | 0 | 21.05 | -5.09 |
| 2017 (4) | 1.69 | -54.08 | 65.25 | 0.08 | 14.58 | 132.91 | 0.62 | 1.23 | 15.25 | -52.64 | 13.36 | -53.4 | 5.00 | -50.2 | 4.56 | -51.13 | 0.34 | 3.03 | 16.46 | -50.92 | 11.78 | 46.15 | 95.95 | 392.11 | 4.05 | -94.96 | 0.00 | 0 | 22.18 | -5.01 |
| 2016 (3) | 3.68 | 70.37 | 65.20 | -0.5 | 6.26 | -12.57 | 0.61 | 4.47 | 32.20 | 70.19 | 28.67 | 77.63 | 10.04 | 43.43 | 9.33 | 44.43 | 0.33 | -17.5 | 33.54 | 64.17 | 8.06 | 11.17 | 19.50 | -48.89 | 80.50 | 30.15 | 0.00 | 0 | 23.35 | 10.72 |
| 2015 (2) | 2.16 | 11.34 | 65.53 | -2.16 | 7.16 | -48.0 | 0.58 | 64.01 | 18.92 | 19.07 | 16.14 | 21.81 | 7.00 | -3.98 | 6.46 | -1.67 | 0.40 | -20.0 | 20.43 | 17.14 | 7.25 | -26.99 | 38.14 | -55.91 | 61.86 | 358.76 | 0.00 | 0 | 21.09 | 20.38 |
| 2014 (1) | 1.94 | -32.4 | 66.98 | 0 | 13.77 | 0 | 0.36 | -46.89 | 15.89 | 0 | 13.25 | 0 | 7.29 | 0 | 6.57 | 0 | 0.50 | -3.85 | 17.44 | -25.09 | 9.93 | -16.27 | 86.52 | -14.14 | 13.48 | 0 | 0.00 | 0 | 17.52 | 1.39 |
