- 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) | 0.43 | 186.67 | 65.38 | 12.32 | 10.99 | 4.85 | 6.99 | 33.14 | 19.28 | 7.58 | 74.25 | 22.65 | 6.35 | 77.37 | 21.65 | 3.72 | 84.16 | 25.68 | 1.52 | 70.79 | 26.67 | 0.21 | 5.0 | 5.0 | 12.68 | 26.93 | 5.58 | 169.14 | -5.9 | -9.86 | 92.42 | -24.48 | -3.07 | 7.58 | 136.26 | 30.3 | 8.27 | -5.38 | -7.8 |
| 24Q2 (19) | 0.15 | -60.53 | -40.0 | 11.10 | -20.83 | -17.78 | 5.25 | -33.38 | -22.91 | 4.35 | -37.32 | -23.42 | 3.58 | -35.5 | -24.63 | 2.02 | -37.27 | -21.09 | 0.89 | -32.06 | -16.04 | 0.20 | -4.76 | 11.11 | 9.99 | -22.56 | -15.27 | 179.75 | 1.77 | -7.5 | 122.39 | 7.09 | 1.99 | -20.90 | -56.72 | -4.48 | 8.74 | -14.31 | -9.8 |
| 24Q1 (18) | 0.38 | 65.22 | 1166.67 | 14.02 | 22.02 | 68.92 | 7.88 | 48.96 | 178.45 | 6.94 | 52.53 | 315.57 | 5.55 | 52.47 | 293.62 | 3.22 | 39.39 | 380.6 | 1.31 | 33.67 | 219.51 | 0.21 | -4.55 | 31.25 | 12.90 | 35.79 | 56.74 | 176.63 | -4.56 | -7.43 | 114.29 | -1.66 | -30.74 | -13.33 | 17.78 | 79.49 | 10.20 | 13.84 | -1.45 |
| 23Q4 (17) | 0.23 | -11.54 | -8.0 | 11.49 | -2.21 | -6.13 | 5.29 | -9.73 | 9.3 | 4.55 | -26.38 | 7.06 | 3.64 | -30.27 | -3.7 | 2.31 | -21.96 | 5.48 | 0.98 | -18.33 | 7.69 | 0.22 | 10.0 | 10.0 | 9.50 | -20.9 | -0.63 | 185.07 | -1.37 | -5.8 | 116.22 | 21.89 | 2.34 | -16.22 | -378.92 | -19.59 | 8.96 | -0.11 | -15.71 |
| 23Q3 (16) | 0.26 | 4.0 | -38.1 | 11.75 | -12.96 | 2.0 | 5.86 | -13.95 | -9.15 | 6.18 | 8.8 | -25.72 | 5.22 | 9.89 | -30.77 | 2.96 | 15.62 | -22.51 | 1.20 | 13.21 | -19.46 | 0.20 | 11.11 | 11.11 | 12.01 | 1.87 | -15.3 | 187.64 | -3.44 | -0.72 | 95.35 | -20.54 | 22.95 | 5.81 | 129.07 | -74.1 | 8.97 | -7.43 | 4.67 |
| 23Q2 (15) | 0.25 | 733.33 | 316.67 | 13.50 | 62.65 | 19.68 | 6.81 | 140.64 | 29.96 | 5.68 | 240.12 | 33.33 | 4.75 | 236.88 | 69.04 | 2.56 | 282.09 | 130.63 | 1.06 | 158.54 | 100.0 | 0.18 | 12.5 | 20.0 | 11.79 | 43.26 | 12.82 | 194.33 | 1.85 | 10.88 | 120.00 | -27.27 | -1.6 | -20.00 | 69.23 | 8.89 | 9.69 | -6.38 | -4.53 |
| 23Q1 (14) | 0.03 | -88.0 | 106.25 | 8.30 | -32.19 | 1036.99 | 2.83 | -41.53 | 135.87 | 1.67 | -60.71 | 119.62 | 1.41 | -62.7 | 115.63 | 0.67 | -69.41 | 125.67 | 0.41 | -54.95 | 142.71 | 0.16 | -20.0 | 33.33 | 8.23 | -13.91 | 1092.75 | 190.80 | -2.89 | 26.27 | 165.00 | 45.3 | 79.47 | -65.00 | -379.38 | -906.0 | 10.35 | -2.63 | -23.9 |
| 22Q4 (13) | 0.25 | -40.48 | 266.67 | 12.24 | 6.25 | 56.32 | 4.84 | -24.96 | 348.21 | 4.25 | -48.92 | 273.47 | 3.78 | -49.87 | 285.29 | 2.19 | -42.67 | 404.17 | 0.91 | -38.93 | 555.0 | 0.20 | 11.11 | 33.33 | 9.56 | -32.58 | 84.91 | 196.47 | 3.95 | 33.44 | 113.56 | 46.43 | 46.96 | -13.56 | -160.4 | -174.58 | 10.63 | 24.04 | -13.51 |
| 22Q3 (12) | 0.42 | 600.0 | 300.0 | 11.52 | 2.13 | 41.52 | 6.45 | 23.09 | 272.0 | 8.32 | 95.31 | 298.1 | 7.54 | 168.33 | 326.43 | 3.82 | 244.14 | 435.09 | 1.49 | 181.13 | 472.5 | 0.18 | 20.0 | 28.57 | 14.18 | 35.69 | 312.21 | 189.01 | 7.85 | 46.91 | 77.55 | -36.41 | -14.94 | 22.45 | 202.27 | 90.82 | 8.57 | -15.57 | -44.49 |
| 22Q2 (11) | 0.06 | 112.5 | 111.76 | 11.28 | 1445.21 | -9.62 | 5.24 | 166.41 | 7.38 | 4.26 | 150.06 | 143.65 | 2.81 | 131.15 | 135.57 | 1.11 | 142.53 | 133.74 | 0.53 | 155.21 | 139.55 | 0.15 | 25.0 | -16.67 | 10.45 | 1414.49 | 382.43 | 175.26 | 15.99 | 18.95 | 121.95 | 32.65 | 346.5 | -21.95 | -372.2 | -114.69 | 10.15 | -25.37 | -2.4 |
| 22Q1 (10) | -0.48 | -220.0 | -366.67 | 0.73 | -90.68 | -93.4 | -7.89 | -304.62 | -276.12 | -8.51 | -247.35 | -311.69 | -9.02 | -342.16 | -381.87 | -2.61 | -262.5 | -328.95 | -0.96 | -380.0 | -268.42 | 0.12 | -20.0 | -25.0 | 0.69 | -86.65 | -92.95 | 151.10 | 2.62 | 25.46 | 91.94 | 18.98 | -17.74 | 8.06 | -55.65 | 168.55 | 13.60 | 10.66 | 18.36 |
| 21Q4 (9) | -0.15 | 28.57 | -134.09 | 7.83 | -3.81 | -49.25 | -1.95 | 48.0 | -124.5 | -2.45 | 41.67 | -130.9 | -2.04 | 38.74 | -131.05 | -0.72 | 36.84 | -125.71 | -0.20 | 50.0 | -115.62 | 0.15 | 7.14 | -16.67 | 5.17 | 50.29 | -59.67 | 147.24 | 14.44 | 15.22 | 77.27 | -15.25 | -22.73 | 18.18 | 54.55 | 0 | 12.29 | -20.4 | 16.38 |
| 21Q3 (8) | -0.21 | 58.82 | -143.75 | 8.14 | -34.78 | -46.45 | -3.75 | -176.84 | -142.28 | -4.20 | 56.97 | -146.93 | -3.33 | 57.85 | -141.21 | -1.14 | 65.35 | -136.31 | -0.40 | 70.15 | -128.37 | 0.14 | -22.22 | -17.65 | 3.44 | 192.97 | -75.76 | 128.66 | -12.68 | -3.67 | 91.18 | 284.29 | -8.82 | 11.76 | -92.13 | 829.41 | 15.44 | 48.46 | 64.96 |
| 21Q2 (7) | -0.51 | -383.33 | -331.82 | 12.48 | 12.84 | 6.67 | 4.88 | 8.93 | -9.29 | -9.76 | -342.79 | -291.37 | -7.90 | -346.88 | -280.78 | -3.29 | -388.6 | -328.47 | -1.34 | -335.09 | -291.43 | 0.18 | 12.5 | 28.57 | -3.70 | -137.79 | -132.17 | 147.34 | 22.33 | 9.97 | -49.47 | -144.27 | -147.0 | 149.47 | 1370.53 | 2940.0 | 10.40 | -9.49 | 0 |
| 21Q1 (6) | 0.18 | -59.09 | 166.67 | 11.06 | -28.32 | 252.23 | 4.48 | -43.72 | 183.74 | 4.02 | -49.31 | 168.14 | 3.20 | -51.29 | 152.81 | 1.14 | -59.29 | 166.28 | 0.57 | -55.47 | 181.43 | 0.16 | -11.11 | 23.08 | 9.79 | -23.63 | 702.46 | 120.44 | -5.75 | -2.96 | 111.76 | 11.76 | 24.54 | -11.76 | 0 | -214.71 | 11.49 | 8.81 | -11.62 |
| 20Q4 (5) | 0.44 | -8.33 | 83.33 | 15.43 | 1.51 | 35.23 | 7.96 | -10.26 | 63.11 | 7.93 | -11.4 | 59.88 | 6.57 | -18.69 | 53.15 | 2.80 | -10.83 | 83.01 | 1.28 | -9.22 | 60.0 | 0.18 | 5.88 | 5.88 | 12.82 | -9.65 | 23.27 | 127.79 | -4.32 | 6.7 | 100.00 | 0.0 | 2.5 | 0.00 | -100.0 | -100.0 | 10.56 | 12.82 | -0.85 |
| 20Q3 (4) | 0.48 | 118.18 | 0.0 | 15.20 | 29.91 | 0.0 | 8.87 | 64.87 | 0.0 | 8.95 | 75.49 | 0.0 | 8.08 | 84.9 | 0.0 | 3.14 | 118.06 | 0.0 | 1.41 | 101.43 | 0.0 | 0.17 | 21.43 | 0.0 | 14.19 | 23.39 | 0.0 | 133.56 | -0.31 | 0.0 | 100.00 | -5.0 | 0.0 | 1.27 | 124.05 | 0.0 | 9.36 | 0 | 0.0 |
| 20Q2 (3) | 0.22 | 181.48 | 0.0 | 11.70 | 272.61 | 0.0 | 5.38 | 200.56 | 0.0 | 5.10 | 186.44 | 0.0 | 4.37 | 172.11 | 0.0 | 1.44 | 183.72 | 0.0 | 0.70 | 200.0 | 0.0 | 0.14 | 7.69 | 0.0 | 11.50 | 842.62 | 0.0 | 133.98 | 7.95 | 0.0 | 105.26 | 17.29 | 0.0 | -5.26 | -151.32 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.27 | -212.5 | 0.0 | 3.14 | -72.48 | 0.0 | -5.35 | -209.63 | 0.0 | -5.90 | -218.95 | 0.0 | -6.06 | -241.26 | 0.0 | -1.72 | -212.42 | 0.0 | -0.70 | -187.5 | 0.0 | 0.13 | -23.53 | 0.0 | 1.22 | -88.27 | 0.0 | 124.11 | 3.62 | 0.0 | 89.74 | -8.01 | 0.0 | 10.26 | 320.51 | 0.0 | 13.00 | 22.07 | 0.0 |
| 19Q4 (1) | 0.24 | 0.0 | 0.0 | 11.41 | 0.0 | 0.0 | 4.88 | 0.0 | 0.0 | 4.96 | 0.0 | 0.0 | 4.29 | 0.0 | 0.0 | 1.53 | 0.0 | 0.0 | 0.80 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 10.40 | 0.0 | 0.0 | 119.77 | 0.0 | 0.0 | 97.56 | 0.0 | 0.0 | 2.44 | 0.0 | 0.0 | 10.65 | 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) | 0.77 | 208.0 | 11.36 | 15.21 | 5.28 | 64.49 | 4.45 | -13.98 | 4.63 | 44.24 | 3.83 | 58.26 | 8.27 | 100.73 | 3.54 | 77.89 | 0.74 | 17.46 | 10.40 | 8.79 | 185.07 | -5.8 | 114.17 | 14.17 | -14.17 | 0 | 2.29 | -1.88 | 9.43 | -9.85 |
| 2022 (9) | 0.25 | 0 | 9.86 | -1.1 | 3.21 | 200.0 | 5.18 | -11.12 | 3.21 | 0 | 2.42 | 0 | 4.12 | 0 | 1.99 | 0 | 0.63 | 3.28 | 9.56 | 174.71 | 196.47 | 33.44 | 100.00 | 0 | 0.00 | 0 | 2.33 | -9.25 | 10.46 | -14.96 |
| 2021 (8) | -0.69 | 0 | 9.97 | -17.4 | 1.07 | -78.47 | 5.83 | 18.64 | -3.30 | 0 | -2.68 | 0 | -3.87 | 0 | -1.32 | 0 | 0.61 | -1.61 | 3.48 | -67.11 | 147.24 | 15.22 | -32.48 | 0 | 131.62 | 0 | 2.57 | -39.02 | 12.30 | 15.38 |
| 2020 (7) | 0.87 | 47.46 | 12.07 | 21.92 | 4.97 | 31.83 | 4.91 | -7.15 | 4.80 | 37.93 | 3.96 | 38.95 | 5.52 | 47.59 | 2.74 | 31.1 | 0.62 | -1.59 | 10.58 | 11.72 | 127.79 | 6.7 | 103.80 | -4.26 | -3.16 | 0 | 4.22 | -3.2 | 10.66 | -0.56 |
| 2019 (6) | 0.59 | -23.38 | 9.90 | -16.88 | 3.77 | -29.14 | 5.29 | -10.22 | 3.48 | -31.09 | 2.85 | -31.65 | 3.74 | -23.83 | 2.09 | -25.89 | 0.63 | 5.0 | 9.47 | -21.54 | 119.77 | 26.63 | 108.41 | 3.28 | -8.41 | 0 | 4.36 | -0.85 | 10.72 | -6.05 |
| 2018 (5) | 0.77 | -18.95 | 11.91 | -12.17 | 5.32 | -23.67 | 5.89 | 4.38 | 5.05 | -21.34 | 4.17 | -16.77 | 4.91 | -17.62 | 2.82 | -15.57 | 0.60 | -1.64 | 12.07 | -9.72 | 94.58 | -0.03 | 104.96 | -3.52 | -4.96 | 0 | 4.40 | 0 | 11.41 | 1.51 |
| 2017 (4) | 0.95 | -25.2 | 13.56 | -8.99 | 6.97 | -17.51 | 5.64 | 11.2 | 6.42 | -19.95 | 5.01 | -23.51 | 5.96 | -25.5 | 3.34 | -22.14 | 0.61 | 0.0 | 13.37 | -8.67 | 94.61 | -2.13 | 108.79 | 3.48 | -8.79 | 0 | 0.00 | 0 | 11.24 | 0.63 |
| 2016 (3) | 1.27 | -3.79 | 14.90 | 16.41 | 8.45 | 14.04 | 5.08 | 16.19 | 8.02 | 13.28 | 6.55 | 18.44 | 8.00 | -9.19 | 4.29 | -0.46 | 0.61 | -12.86 | 14.64 | 18.06 | 96.67 | -8.19 | 105.13 | 0.52 | -5.13 | 0 | 0.00 | 0 | 11.17 | 18.45 |
| 2015 (2) | 1.32 | -58.62 | 12.80 | -13.16 | 7.41 | -27.07 | 4.37 | 1.88 | 7.08 | -24.92 | 5.53 | -43.57 | 8.81 | -67.53 | 4.31 | -50.35 | 0.70 | -14.63 | 12.40 | -16.55 | 105.29 | -31.73 | 104.58 | -2.91 | -4.58 | 0 | 0.00 | 0 | 9.43 | 23.43 |
| 2014 (1) | 3.19 | 86.55 | 14.74 | 0 | 10.16 | 0 | 4.29 | -27.55 | 9.43 | 0 | 9.80 | 0 | 27.13 | 0 | 8.68 | 0 | 0.82 | 28.12 | 14.86 | -7.36 | 154.22 | -62.5 | 107.71 | 23.02 | -7.71 | 0 | 0.00 | 0 | 7.64 | -17.14 |
