- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 25Q2 (20) | 0.20 | 900.0 | -83.33 | 21.77 | 567.79 | -35.69 | 14.01 | 874.03 | -41.65 | 18.26 | 552.14 | -31.48 | 10.77 | 669.29 | -82.37 | 0.70 | 900.0 | -58.82 | 0.63 | 384.62 | -52.63 | 0.05 | 25.0 | 0.0 | 55.45 | 15.04 | -9.19 | 30.01 | 9.45 | 13.25 | 76.77 | 217.41 | -14.89 | 23.23 | -86.27 | 136.97 | 19.42 | -5.08 | -5.68 |
| 25Q1 (19) | 0.02 | -94.12 | -96.67 | 3.26 | -85.38 | -90.84 | -1.81 | -110.83 | -106.54 | 2.80 | -86.36 | -91.01 | 1.40 | -92.82 | -95.49 | 0.07 | -93.75 | -96.79 | 0.13 | -86.87 | -92.74 | 0.04 | -20.0 | -20.0 | 48.20 | -22.27 | -29.19 | 27.42 | 21.87 | -17.11 | -65.38 | -180.3 | -173.69 | 169.23 | 811.24 | 1401.92 | 20.46 | 6.56 | 11.07 |
| 24Q4 (18) | 0.34 | -19.05 | 78.95 | 22.30 | -20.07 | 46.61 | 16.71 | -16.2 | 102.06 | 20.53 | -11.74 | 70.8 | 19.51 | -12.12 | 58.88 | 1.12 | -23.81 | 72.31 | 0.99 | -21.43 | 70.69 | 0.05 | 0.0 | 0.0 | 62.01 | 1.06 | 25.17 | 22.50 | -2.43 | -31.65 | 81.43 | -4.81 | 17.62 | 18.57 | 28.49 | -41.11 | 19.20 | -0.62 | 8.17 |
| 24Q3 (17) | 0.42 | -65.0 | 133.33 | 27.90 | -17.58 | 121.43 | 19.94 | -16.95 | 256.07 | 23.26 | -12.72 | 177.57 | 22.20 | -63.65 | 108.84 | 1.47 | -13.53 | 206.25 | 1.26 | -5.26 | 173.91 | 0.05 | 0.0 | 25.0 | 61.36 | 0.49 | 33.19 | 23.06 | -12.98 | -19.99 | 85.55 | -5.15 | 27.57 | 14.45 | 47.42 | -56.12 | 19.32 | -6.17 | 2.38 |
| 24Q2 (16) | 1.20 | 100.0 | 605.88 | 33.85 | -4.86 | 3.04 | 24.01 | -13.26 | -8.6 | 26.65 | -14.47 | 40.93 | 61.08 | 96.91 | 257.4 | 1.70 | -22.02 | 123.68 | 1.33 | -25.7 | 114.52 | 0.05 | 0.0 | 25.0 | 61.06 | -10.3 | 6.82 | 26.50 | -19.89 | -9.28 | 90.20 | 1.65 | -35.15 | 9.80 | -12.99 | 125.09 | 20.59 | 11.78 | 2.95 |
| 24Q1 (15) | 0.60 | 215.79 | 185.71 | 35.58 | 133.93 | 264.92 | 27.68 | 234.7 | 754.32 | 31.16 | 159.23 | 181.48 | 31.02 | 152.61 | 150.57 | 2.18 | 235.38 | 220.59 | 1.79 | 208.62 | 155.71 | 0.05 | 0.0 | 0.0 | 68.07 | 37.4 | 36.82 | 33.08 | 0.49 | 23.2 | 88.73 | 28.17 | 198.46 | 11.27 | -64.27 | -84.17 | 18.42 | 3.77 | -5.97 |
| 23Q4 (14) | 0.19 | 5.56 | -53.66 | 15.21 | 20.71 | -39.21 | 8.27 | 47.68 | -60.53 | 12.02 | 43.44 | -45.83 | 12.28 | 15.52 | -42.13 | 0.65 | 35.42 | -60.12 | 0.58 | 26.09 | -60.0 | 0.05 | 25.0 | -16.67 | 49.54 | 7.53 | -1.73 | 32.92 | 14.23 | 37.05 | 69.23 | 3.24 | -26.63 | 31.54 | -4.26 | 458.42 | 17.75 | -5.94 | 18.41 |
| 23Q3 (13) | 0.18 | 5.88 | 205.88 | 12.60 | -61.64 | 135.51 | 5.60 | -78.68 | 803.23 | 8.38 | -55.68 | 194.9 | 10.63 | -37.8 | 266.35 | 0.48 | -36.84 | 226.32 | 0.46 | -25.81 | 342.11 | 0.04 | 0.0 | -20.0 | 46.07 | -19.4 | 77.53 | 28.82 | -1.34 | 18.75 | 67.06 | -51.78 | 1105.88 | 32.94 | 184.29 | -69.12 | 18.87 | -5.65 | 4.54 |
| 23Q2 (12) | 0.17 | -19.05 | 70.0 | 32.85 | 236.92 | 72.71 | 26.27 | 710.8 | 83.32 | 18.91 | 70.82 | 160.11 | 17.09 | 38.05 | 101.77 | 0.76 | 11.76 | 46.15 | 0.62 | -11.43 | 29.17 | 0.04 | -20.0 | -20.0 | 57.16 | 14.89 | 39.76 | 29.21 | 8.79 | 5.41 | 139.08 | 367.82 | -29.97 | -39.08 | -154.91 | 59.8 | 20.00 | 2.09 | 18.13 |
| 23Q1 (11) | 0.21 | -48.78 | 2200.0 | 9.75 | -61.03 | -27.02 | 3.24 | -84.53 | -40.77 | 11.07 | -50.11 | 445.32 | 12.38 | -41.66 | 323.97 | 0.68 | -58.28 | 325.0 | 0.70 | -51.72 | 233.33 | 0.05 | -16.67 | 25.0 | 49.75 | -1.31 | 27.83 | 26.85 | 11.78 | -29.34 | 29.73 | -68.49 | -88.85 | 71.17 | 1160.15 | 142.7 | 19.59 | 30.69 | 0.67 |
| 22Q4 (10) | 0.41 | 341.18 | -10.87 | 25.02 | 367.66 | -35.98 | 20.95 | 3279.03 | -39.61 | 22.19 | 351.3 | 36.47 | 21.22 | 432.08 | 0.19 | 1.63 | 528.95 | -15.54 | 1.45 | 863.16 | -3.97 | 0.06 | 20.0 | -14.29 | 50.41 | 94.26 | 28.86 | 24.02 | -1.03 | -32.75 | 94.35 | 1515.28 | -55.75 | 5.65 | -94.71 | 104.99 | 14.99 | -16.95 | 28.12 |
| 22Q3 (9) | -0.17 | -270.0 | -158.62 | 5.35 | -71.87 | -80.78 | 0.62 | -95.67 | -97.19 | -8.83 | -221.46 | -138.42 | -6.39 | -175.44 | -132.14 | -0.38 | -173.08 | -127.54 | -0.19 | -139.58 | -117.27 | 0.05 | 0.0 | 0.0 | 25.95 | -36.55 | -50.88 | 24.27 | -12.41 | -35.73 | -6.67 | -103.36 | -106.94 | 106.67 | 209.71 | 2588.0 | 18.05 | 6.62 | 38.42 |
| 22Q2 (8) | 0.10 | 1100.0 | -71.43 | 19.02 | 42.37 | -27.71 | 14.33 | 161.97 | -30.54 | 7.27 | 258.13 | -65.48 | 8.47 | 190.07 | -65.75 | 0.52 | 225.0 | -47.47 | 0.48 | 128.57 | -42.17 | 0.05 | 25.0 | 0.0 | 40.90 | 5.09 | -25.69 | 27.71 | -27.08 | -22.1 | 198.61 | -25.52 | 102.56 | -97.22 | 41.67 | -5082.64 | 16.93 | -13.0 | 7.83 |
| 22Q1 (7) | -0.01 | -102.17 | -109.09 | 13.36 | -65.81 | -37.72 | 5.47 | -84.23 | -64.71 | 2.03 | -87.52 | -82.94 | 2.92 | -86.21 | -75.61 | 0.16 | -91.71 | -73.77 | 0.21 | -86.09 | -61.82 | 0.04 | -42.86 | 0.0 | 38.92 | -0.51 | -28.59 | 38.00 | 6.38 | 6.92 | 266.67 | 25.05 | 105.46 | -166.67 | -47.17 | -459.52 | 19.46 | 66.32 | 6.05 |
| 21Q4 (6) | 0.46 | 58.62 | 227.78 | 39.08 | 40.42 | -13.73 | 34.69 | 57.11 | -10.22 | 16.26 | -29.24 | -63.94 | 21.18 | 6.54 | 189.07 | 1.93 | 39.86 | 10.29 | 1.51 | 37.27 | 7.86 | 0.07 | 40.0 | 133.33 | 39.12 | -25.95 | -60.52 | 35.72 | -5.4 | 1.42 | 213.25 | 122.06 | 148.51 | -113.25 | -2953.85 | -898.13 | 11.70 | -10.28 | -54.93 |
| 21Q3 (5) | 0.29 | -17.14 | 26.09 | 27.83 | 5.78 | 8.41 | 22.08 | 7.03 | 2.99 | 22.98 | 9.12 | 10.32 | 19.88 | -19.61 | 21.0 | 1.38 | 39.39 | 32.69 | 1.10 | 32.53 | 25.0 | 0.05 | 0.0 | 0.0 | 52.83 | -4.02 | -6.25 | 37.76 | 6.16 | 6.34 | 96.03 | -2.06 | -6.58 | 3.97 | 103.37 | 242.2 | 13.04 | -16.94 | -24.32 |
| 21Q2 (4) | 0.35 | 218.18 | 0.0 | 26.31 | 22.66 | 0.0 | 20.63 | 33.1 | 0.0 | 21.06 | 76.97 | 0.0 | 24.73 | 106.6 | 0.0 | 0.99 | 62.3 | 0.0 | 0.83 | 50.91 | 0.0 | 0.05 | 25.0 | 0.0 | 55.04 | 0.99 | 0.0 | 35.57 | 0.08 | 0.0 | 98.05 | -24.45 | 0.0 | 1.95 | 106.55 | 0.0 | 15.70 | -14.44 | 0.0 |
| 21Q1 (3) | 0.11 | 130.56 | 0.0 | 21.45 | -52.65 | 0.0 | 15.50 | -59.89 | 0.0 | 11.90 | -73.61 | 0.0 | 11.97 | 150.34 | 0.0 | 0.61 | -65.14 | 0.0 | 0.55 | -60.71 | 0.0 | 0.04 | 33.33 | 0.0 | 54.50 | -45.0 | 0.0 | 35.54 | 0.91 | 0.0 | 129.79 | 51.25 | 0.0 | -29.79 | -309.93 | 0.0 | 18.35 | -29.31 | 0.0 |
| 20Q4 (2) | -0.36 | -256.52 | 0.0 | 45.30 | 76.47 | 0.0 | 38.64 | 80.22 | 0.0 | 45.09 | 116.47 | 0.0 | -23.78 | -244.74 | 0.0 | 1.75 | 68.27 | 0.0 | 1.40 | 59.09 | 0.0 | 0.03 | -40.0 | 0.0 | 99.09 | 75.85 | 0.0 | 35.22 | -0.82 | 0.0 | 85.81 | -16.52 | 0.0 | 14.19 | 608.45 | 0.0 | 25.96 | 50.67 | 0.0 |
| 20Q3 (1) | 0.23 | 0.0 | 0.0 | 25.67 | 0.0 | 0.0 | 21.44 | 0.0 | 0.0 | 20.83 | 0.0 | 0.0 | 16.43 | 0.0 | 0.0 | 1.04 | 0.0 | 0.0 | 0.88 | 0.0 | 0.0 | 0.05 | 0.0 | 0.0 | 56.35 | 0.0 | 0.0 | 35.51 | 0.0 | 0.0 | 102.79 | 0.0 | 0.0 | -2.79 | 0.0 | 0.0 | 17.23 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 (10) | 2.56 | 236.84 | 30.13 | 74.97 | 22.25 | 112.72 | 35.49 | 4.63 | 25.55 | 105.39 | 33.97 | 161.51 | 6.43 | 138.15 | 5.39 | 118.22 | 0.20 | 5.26 | 63.17 | 23.14 | 22.50 | -31.65 | 87.13 | 14.34 | 12.95 | -45.96 | 0.00 | 0 | 19.39 | 2.0 |
| 2023 (9) | 0.76 | 123.53 | 17.22 | 4.43 | 10.46 | -7.6 | 33.92 | 12.72 | 12.44 | 75.71 | 12.99 | 66.11 | 2.70 | 35.68 | 2.47 | 25.38 | 0.19 | -5.0 | 51.30 | 28.51 | 32.92 | 37.05 | 76.21 | -52.37 | 23.97 | 0 | 0.00 | 0 | 19.01 | 11.17 |
| 2022 (8) | 0.34 | -71.67 | 16.49 | -45.18 | 11.32 | -54.3 | 30.10 | 6.18 | 7.08 | -61.23 | 7.82 | -60.82 | 1.99 | -59.47 | 1.97 | -50.87 | 0.20 | 0.0 | 39.92 | -18.58 | 24.02 | -32.75 | 160.00 | 18.05 | -60.00 | 0 | 0.00 | 0 | 17.10 | 20.68 |
| 2021 (7) | 1.20 | 400.0 | 30.08 | 22.88 | 24.77 | 25.42 | 28.35 | -16.33 | 18.26 | -4.0 | 19.96 | 207.55 | 4.91 | 14.99 | 4.01 | 8.97 | 0.20 | 11.11 | 49.03 | -13.92 | 35.72 | 1.42 | 135.54 | 30.48 | -35.54 | 0 | 0.00 | 0 | 14.17 | -16.1 |
| 2020 (6) | 0.24 | 60.0 | 24.48 | 79.47 | 19.75 | 134.56 | 33.88 | 6.98 | 19.02 | 320.8 | 6.49 | 73.99 | 4.27 | 354.26 | 3.68 | 134.39 | 0.18 | 0.0 | 56.96 | 34.53 | 35.22 | -10.88 | 103.88 | -44.35 | -3.88 | 0 | 0.00 | 0 | 16.89 | 8.97 |
| 2019 (5) | 0.15 | 36.36 | 13.64 | 0.37 | 8.42 | -10.23 | 31.67 | -10.44 | 4.52 | 41.25 | 3.73 | 65.78 | 0.94 | 91.84 | 1.57 | 45.37 | 0.18 | 12.5 | 42.34 | -4.68 | 39.52 | -0.1 | 186.67 | -36.2 | -86.67 | 0 | 0.00 | 0 | 15.50 | 0.26 |
| 2018 (4) | 0.11 | -87.78 | 13.59 | -48.01 | 9.38 | -58.07 | 35.36 | -7.38 | 3.20 | -85.43 | 2.25 | -88.6 | 0.49 | -86.58 | 1.08 | -66.36 | 0.16 | 23.08 | 44.42 | -32.02 | 39.56 | -0.73 | 292.56 | 187.46 | -192.56 | 0 | 0.00 | 0 | 15.46 | -4.15 |
| 2017 (3) | 0.90 | -15.09 | 26.14 | -5.32 | 22.37 | -7.26 | 38.18 | -0.65 | 21.96 | -0.41 | 19.73 | -24.23 | 3.65 | 17.74 | 3.21 | 22.99 | 0.13 | 0.0 | 65.34 | 1.49 | 39.85 | 5.42 | 101.78 | -7.05 | -1.91 | 0 | 0.00 | 0 | 16.13 | -16.21 |
| 2016 (2) | 1.06 | -36.14 | 27.61 | -21.61 | 24.12 | -22.69 | 38.42 | 26.0 | 22.05 | -21.22 | 26.04 | -16.19 | 3.10 | -38.61 | 2.61 | -29.65 | 0.13 | -13.33 | 64.38 | 4.79 | 37.80 | -16.2 | 109.49 | -1.78 | -9.36 | 0 | 0.00 | 0 | 19.25 | 20.92 |
| 2015 (1) | 1.66 | 9.93 | 35.22 | 0 | 31.20 | 0 | 30.49 | 3.3 | 27.99 | 0 | 31.07 | 0 | 5.05 | 0 | 3.71 | 0 | 0.15 | -6.25 | 61.44 | 1.15 | 45.11 | -22.46 | 111.47 | -2.2 | -11.47 | 0 | 0.00 | 0 | 15.92 | 7.42 |