- 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) | 1.23 | 5.13 | 78.26 | 28.12 | -0.21 | 15.53 | 9.89 | -0.4 | 50.08 | 8.99 | 2.98 | 58.55 | 7.13 | -0.28 | 56.02 | 5.22 | 3.57 | 67.85 | 1.16 | 2.65 | 48.72 | 0.13 | 0.0 | 8.33 | 32.71 | -1.71 | 0.99 | 455.05 | -2.9 | -3.47 | 109.92 | -3.93 | -6.2 | -9.92 | 26.61 | 36.53 | 47.48 | -1.82 | -3.4 |
| 24Q2 (19) | 1.17 | 88.71 | 200.0 | 28.18 | 10.68 | 15.21 | 9.93 | 39.27 | 120.18 | 8.73 | 62.27 | 168.62 | 7.15 | 67.84 | 157.19 | 5.04 | 87.36 | 184.75 | 1.13 | 59.15 | 105.45 | 0.13 | 18.18 | 18.18 | 33.28 | 2.53 | 6.98 | 468.64 | 4.24 | -2.66 | 114.41 | -14.89 | -16.57 | -13.51 | 58.78 | 63.62 | 48.36 | -3.2 | -2.75 |
| 24Q1 (18) | 0.62 | -15.07 | 300.0 | 25.46 | -5.46 | 29.3 | 7.13 | -11.43 | 1827.03 | 5.38 | -11.37 | 320.49 | 4.26 | -11.25 | 276.76 | 2.69 | -14.87 | 300.75 | 0.71 | -10.13 | 2466.67 | 0.11 | -8.33 | 10.0 | 32.46 | -0.89 | 14.22 | 449.59 | -3.78 | 2.72 | 134.43 | 2.28 | 872.95 | -32.79 | 0.21 | -127.93 | 49.96 | 4.52 | -5.13 |
| 23Q4 (17) | 0.73 | 5.8 | 3550.0 | 26.93 | 10.64 | 27.63 | 8.05 | 22.15 | 804.49 | 6.07 | 7.05 | 3470.59 | 4.80 | 5.03 | 2566.67 | 3.16 | 1.61 | 3060.0 | 0.79 | 1.28 | 216.0 | 0.12 | 0.0 | 20.0 | 32.75 | 1.11 | 6.23 | 467.27 | -0.88 | 4.72 | 131.43 | 12.15 | -67.14 | -32.86 | -110.29 | 90.61 | 47.80 | -2.75 | -4.95 |
| 23Q3 (16) | 0.69 | 76.92 | 2200.0 | 24.34 | -0.49 | 16.24 | 6.59 | 46.12 | 179.24 | 5.67 | 74.46 | 1188.64 | 4.57 | 64.39 | 1657.69 | 3.11 | 75.71 | 1973.33 | 0.78 | 41.82 | 225.0 | 0.12 | 9.09 | 9.09 | 32.39 | 4.11 | 6.06 | 471.41 | -2.08 | 7.69 | 117.19 | -14.55 | -78.69 | -15.62 | 57.93 | 96.53 | 49.15 | -1.17 | -0.34 |
| 23Q2 (15) | 0.39 | 225.81 | 550.0 | 24.46 | 24.23 | 6.86 | 4.51 | 1118.92 | 115.79 | 3.25 | 233.2 | 364.29 | 2.78 | 215.35 | 414.81 | 1.77 | 232.09 | 555.56 | 0.55 | 1933.33 | 103.7 | 0.11 | 10.0 | 10.0 | 31.11 | 9.47 | -6.44 | 481.43 | 9.99 | 13.51 | 137.14 | 888.57 | -51.6 | -37.14 | -131.64 | 81.43 | 49.73 | -5.56 | 7.2 |
| 23Q1 (14) | -0.31 | -1650.0 | -136.9 | 19.69 | -6.68 | -27.58 | 0.37 | -58.43 | -96.53 | -2.44 | -1535.29 | -127.51 | -2.41 | -1438.89 | -134.14 | -1.34 | -1440.0 | -135.64 | -0.03 | -112.0 | -103.06 | 0.10 | 0.0 | -9.09 | 28.42 | -7.82 | -25.31 | 437.70 | -1.91 | 14.19 | -17.39 | -104.35 | -114.49 | 117.39 | 133.54 | 686.96 | 52.66 | 4.71 | 14.8 |
| 22Q4 (13) | 0.02 | -33.33 | -98.68 | 21.10 | 0.76 | -19.06 | 0.89 | -62.29 | -89.99 | 0.17 | -61.36 | -97.83 | 0.18 | -30.77 | -98.62 | 0.10 | -33.33 | -98.6 | 0.25 | 4.17 | -84.66 | 0.10 | -9.09 | -9.09 | 30.83 | 0.95 | -17.32 | 446.23 | 1.94 | 14.17 | 400.00 | -27.27 | 253.85 | -350.00 | 22.22 | -2583.33 | 50.29 | 1.97 | 8.5 |
| 22Q3 (12) | 0.03 | -50.0 | 100.87 | 20.94 | -8.52 | 144.76 | 2.36 | 12.92 | 102.88 | 0.44 | -37.14 | 100.57 | 0.26 | -51.85 | 100.34 | 0.15 | -44.44 | 101.07 | 0.24 | -11.11 | 107.97 | 0.11 | 10.0 | 175.0 | 30.54 | -8.15 | 1582.52 | 437.75 | 3.21 | 6.64 | 550.00 | 94.12 | 414.39 | -450.00 | -125.0 | -6400.0 | 49.32 | 6.32 | -37.6 |
| 22Q2 (11) | 0.06 | -92.86 | 104.96 | 22.89 | -15.81 | 750.28 | 2.09 | -80.38 | 108.09 | 0.70 | -92.11 | 102.89 | 0.54 | -92.35 | 102.85 | 0.27 | -92.82 | 106.54 | 0.27 | -72.45 | 129.03 | 0.10 | -9.09 | 66.67 | 33.25 | -12.61 | 22.51 | 424.14 | 10.65 | 49.14 | 283.33 | 136.11 | 165.05 | -200.00 | -900.0 | -2800.0 | 46.39 | 1.13 | -13.81 |
| 22Q1 (10) | 0.84 | -44.74 | -34.38 | 27.19 | 4.3 | -10.12 | 10.65 | 19.8 | -25.68 | 8.87 | 12.99 | -30.21 | 7.06 | -45.98 | -30.44 | 3.76 | -47.27 | -10.69 | 0.98 | -39.88 | -30.0 | 0.11 | 0.0 | -8.33 | 38.05 | 2.04 | -2.08 | 383.30 | -1.93 | 51.86 | 120.00 | 6.15 | 6.26 | -20.00 | -53.33 | -54.67 | 45.87 | -1.04 | -0.5 |
| 21Q4 (9) | 1.52 | 144.19 | -8.98 | 26.07 | 155.73 | -19.06 | 8.89 | 110.85 | -45.83 | 7.85 | 110.24 | -48.76 | 13.07 | 117.08 | 6.0 | 7.13 | 150.86 | 22.72 | 1.63 | 154.15 | -11.89 | 0.11 | 175.0 | -21.43 | 37.29 | 1910.19 | -4.78 | 390.84 | -4.79 | 63.42 | 113.04 | 5.72 | 5.32 | -13.04 | -88.41 | -77.87 | 46.35 | -41.36 | 1.13 |
| 21Q3 (8) | -3.44 | -184.3 | -307.23 | -46.78 | -1228.98 | -254.59 | -81.91 | -216.87 | -612.58 | -76.69 | -216.51 | -609.57 | -76.51 | -303.11 | -730.23 | -14.02 | -239.47 | -326.13 | -3.01 | -223.66 | -261.83 | 0.04 | -33.33 | -71.43 | -2.06 | -107.59 | -105.33 | 410.51 | 44.35 | 62.35 | 106.92 | 0.02 | 0.87 | -6.92 | -0.38 | -15.38 | 79.04 | 46.86 | 67.71 |
| 21Q2 (7) | -1.21 | -194.53 | -265.75 | -3.52 | -111.64 | -113.12 | -25.85 | -280.39 | -377.96 | -24.23 | -290.64 | -397.3 | -18.98 | -287.0 | -399.84 | -4.13 | -198.1 | -260.08 | -0.93 | -166.43 | -202.2 | 0.06 | -50.0 | -50.0 | 27.14 | -30.16 | -24.63 | 284.39 | 12.67 | -1.3 | 106.90 | -5.34 | -6.81 | -6.90 | 46.67 | 53.1 | 53.82 | 16.75 | 13.95 |
| 21Q1 (6) | 1.28 | -23.35 | -23.81 | 30.25 | -6.09 | -8.91 | 14.33 | -12.68 | -18.95 | 12.71 | -17.04 | -21.35 | 10.15 | -17.68 | -22.58 | 4.21 | -27.54 | -21.46 | 1.40 | -24.32 | -22.22 | 0.12 | -14.29 | 0.0 | 38.86 | -0.77 | -7.06 | 252.41 | 5.54 | 13.07 | 112.93 | 5.22 | 3.4 | -12.93 | -76.33 | -40.25 | 46.10 | 0.59 | 5.04 |
| 20Q4 (5) | 1.67 | 0.6 | -10.22 | 32.21 | 6.44 | -3.97 | 16.41 | 2.69 | -6.6 | 15.32 | 1.79 | -9.03 | 12.33 | 1.57 | -8.67 | 5.81 | -6.29 | -6.59 | 1.85 | -0.54 | -6.57 | 0.14 | 0.0 | 7.69 | 39.16 | 1.37 | -3.64 | 239.16 | -5.41 | -0.71 | 107.33 | 1.26 | 3.31 | -7.33 | -22.22 | -61.33 | 45.83 | -2.76 | 1.3 |
| 20Q3 (4) | 1.66 | 127.4 | 0.0 | 30.26 | 12.83 | 0.0 | 15.98 | 71.83 | 0.0 | 15.05 | 84.66 | 0.0 | 12.14 | 91.79 | 0.0 | 6.20 | 140.31 | 0.0 | 1.86 | 104.4 | 0.0 | 0.14 | 16.67 | 0.0 | 38.63 | 7.28 | 0.0 | 252.85 | -12.25 | 0.0 | 106.00 | -7.59 | 0.0 | -6.00 | 59.2 | 0.0 | 47.13 | -0.21 | 0.0 |
| 20Q2 (3) | 0.73 | -56.55 | 0.0 | 26.82 | -19.24 | 0.0 | 9.30 | -47.4 | 0.0 | 8.15 | -49.57 | 0.0 | 6.33 | -51.72 | 0.0 | 2.58 | -51.87 | 0.0 | 0.91 | -49.44 | 0.0 | 0.12 | 0.0 | 0.0 | 36.01 | -13.87 | 0.0 | 288.15 | 29.08 | 0.0 | 114.71 | 5.02 | 0.0 | -14.71 | -59.5 | 0.0 | 47.23 | 7.61 | 0.0 |
| 20Q1 (2) | 1.68 | -9.68 | 0.0 | 33.21 | -0.98 | 0.0 | 17.68 | 0.63 | 0.0 | 16.16 | -4.04 | 0.0 | 13.11 | -2.89 | 0.0 | 5.36 | -13.83 | 0.0 | 1.80 | -9.09 | 0.0 | 0.12 | -7.69 | 0.0 | 41.81 | 2.88 | 0.0 | 223.24 | -7.32 | 0.0 | 109.22 | 5.12 | 0.0 | -9.22 | -102.84 | 0.0 | 43.89 | -2.98 | 0.0 |
| 19Q4 (1) | 1.86 | 0.0 | 0.0 | 33.54 | 0.0 | 0.0 | 17.57 | 0.0 | 0.0 | 16.84 | 0.0 | 0.0 | 13.50 | 0.0 | 0.0 | 6.22 | 0.0 | 0.0 | 1.98 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 40.64 | 0.0 | 0.0 | 240.88 | 0.0 | 0.0 | 103.90 | 0.0 | 0.0 | -4.55 | 0.0 | 0.0 | 45.24 | 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) | 1.50 | 57.89 | 24.03 | 4.48 | 5.09 | 27.57 | 25.16 | -9.53 | 3.38 | 33.07 | 2.64 | 31.34 | 6.51 | 51.75 | 2.08 | 23.81 | 0.44 | 7.32 | 31.26 | -5.67 | 467.27 | 4.72 | 151.03 | -3.51 | -50.34 | 0 | 0.49 | -7.39 | 49.71 | 3.5 |
| 2022 (9) | 0.95 | 0 | 23.00 | 82.39 | 3.99 | 0 | 27.81 | -20.87 | 2.54 | 0 | 2.01 | 0 | 4.29 | 0 | 1.68 | 0 | 0.41 | 20.59 | 33.14 | 7.56 | 446.23 | 14.17 | 156.52 | 54.9 | -56.52 | 0 | 0.52 | 42.85 | 48.03 | -7.44 |
| 2021 (8) | -1.91 | 0 | 12.61 | -58.93 | -7.41 | 0 | 35.15 | 50.76 | -7.35 | 0 | -5.50 | 0 | -7.53 | 0 | -1.06 | 0 | 0.34 | -33.33 | 30.81 | -20.82 | 390.84 | 63.42 | 101.05 | -6.66 | -1.05 | 0 | 0.37 | 787.91 | 51.89 | 12.71 |
| 2020 (7) | 5.67 | -20.7 | 30.70 | -5.45 | 14.98 | -18.28 | 23.32 | 5.7 | 13.82 | -18.18 | 11.11 | -17.83 | 19.44 | -25.12 | 6.44 | -38.2 | 0.51 | -26.09 | 38.91 | -4.77 | 239.16 | -0.71 | 108.25 | -0.28 | -8.45 | 0 | 0.04 | 45.47 | 46.04 | 1.25 |
| 2019 (6) | 7.15 | -7.02 | 32.47 | -0.98 | 18.33 | 0.05 | 22.06 | 93.7 | 16.89 | -8.06 | 13.52 | -10.99 | 25.96 | -19.7 | 10.42 | -40.05 | 0.69 | -38.39 | 40.86 | 35.25 | 240.88 | 153.45 | 108.56 | 8.75 | -8.56 | 0 | 0.03 | 0 | 45.47 | -0.85 |
| 2018 (5) | 7.69 | 27.95 | 32.79 | 10.55 | 18.32 | 26.52 | 11.39 | -2.97 | 18.37 | 21.41 | 15.19 | 21.42 | 32.33 | 24.78 | 17.38 | 22.65 | 1.12 | 0.9 | 30.21 | 11.23 | 95.04 | 11.69 | 99.82 | 4.37 | 0.18 | -95.85 | 0.00 | 0 | 45.86 | -6.02 |
| 2017 (4) | 6.01 | 51.77 | 29.66 | 7.89 | 14.48 | 31.4 | 11.74 | -6.55 | 15.13 | 32.49 | 12.51 | 32.52 | 25.91 | 26.95 | 14.17 | 31.2 | 1.11 | 0.0 | 27.16 | 11.54 | 85.09 | -3.1 | 95.64 | -0.78 | 4.36 | 20.85 | 0.00 | 0 | 48.80 | -0.69 |
| 2016 (3) | 3.96 | -8.76 | 27.49 | -8.37 | 11.02 | -10.19 | 12.56 | 12.38 | 11.42 | -13.48 | 9.44 | -14.26 | 20.41 | -16.76 | 10.80 | -16.6 | 1.11 | -3.48 | 24.35 | -1.3 | 87.81 | -18.45 | 96.39 | 3.56 | 3.61 | -47.84 | 0.00 | 0 | 49.14 | 3.43 |
| 2015 (2) | 4.34 | 12.44 | 30.00 | -0.89 | 12.27 | 5.41 | 11.18 | 3.34 | 13.20 | 4.27 | 11.01 | 3.19 | 24.52 | 2.81 | 12.95 | -0.99 | 1.15 | -3.36 | 24.67 | 3.05 | 107.67 | 41.39 | 93.08 | 0.84 | 6.92 | -10.06 | 0.00 | 0 | 47.51 | 0.59 |
| 2014 (1) | 3.86 | 32.19 | 30.27 | 0 | 11.64 | 0 | 10.81 | -4.32 | 12.66 | 0 | 10.67 | 0 | 23.85 | 0 | 13.08 | 0 | 1.19 | -3.25 | 23.94 | 4.13 | 76.15 | -32.73 | 92.31 | -0.98 | 7.69 | 13.46 | 0.00 | 0 | 47.23 | 7.02 |
