- 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) | 0.60 | 361.54 | -40.0 | 34.78 | 15.93 | -14.04 | 8.92 | 1758.33 | -27.42 | 6.67 | 70.15 | -59.08 | 5.11 | 6287.5 | -56.77 | 1.14 | 11300.0 | -52.1 | 0.68 | 277.78 | -48.87 | 0.11 | 22.22 | 10.0 | 14.22 | 7.4 | -41.29 | 107.95 | -7.51 | 18.08 | 133.77 | 916.62 | 76.98 | -33.77 | -137.74 | -238.28 | 15.90 | -12.54 | -16.54 |
| 24Q2 (19) | 0.13 | -85.87 | -88.29 | 30.00 | -15.78 | -36.59 | 0.48 | -93.53 | -96.78 | 3.92 | -74.51 | -77.48 | 0.08 | -99.35 | -99.32 | 0.01 | -99.59 | -99.57 | 0.18 | -86.86 | -86.47 | 0.09 | -10.0 | -10.0 | 13.24 | -43.03 | -48.78 | 116.72 | 22.17 | 19.33 | 13.16 | -72.85 | -84.61 | 89.47 | 71.58 | 515.99 | 18.18 | -14.16 | -13.14 |
| 24Q1 (18) | 0.92 | 807.69 | -28.12 | 35.62 | 19.33 | -13.98 | 7.42 | 279.23 | -57.84 | 15.38 | 315.71 | -5.59 | 12.24 | 334.48 | 6.25 | 2.44 | 330.19 | -9.96 | 1.37 | 426.19 | -12.18 | 0.10 | 0.0 | -23.08 | 23.24 | 2156.31 | 0.91 | 95.54 | 0.3 | 13.98 | 48.47 | -16.29 | -55.3 | 52.15 | 23.85 | 758.36 | 21.18 | 3.77 | 29.38 |
| 23Q4 (17) | -0.13 | -113.0 | -110.48 | 29.85 | -26.22 | -38.69 | -4.14 | -133.69 | -116.75 | -7.13 | -143.74 | -135.16 | -5.22 | -144.16 | -142.68 | -1.06 | -144.54 | -137.86 | -0.42 | -131.58 | -127.1 | 0.10 | 0.0 | -16.67 | 1.03 | -95.75 | -96.21 | 95.25 | 4.19 | 8.03 | 57.89 | -23.4 | -52.36 | 42.11 | 72.43 | 291.9 | 20.41 | 7.14 | 10.86 |
| 23Q3 (16) | 1.00 | -9.91 | -20.63 | 40.46 | -14.48 | 15.04 | 12.29 | -17.46 | 803.68 | 16.30 | -6.38 | 17.95 | 11.82 | 0.17 | 0.0 | 2.38 | 3.48 | 3.93 | 1.33 | 0.0 | 4.72 | 0.10 | 0.0 | 0.0 | 24.22 | -6.31 | 11.56 | 91.42 | -6.53 | -5.76 | 75.58 | -11.57 | 667.44 | 24.42 | 68.11 | -72.91 | 19.05 | -8.98 | -10.52 |
| 23Q2 (15) | 1.11 | -13.28 | 14.43 | 47.31 | 14.25 | 18.16 | 14.89 | -15.4 | 136.35 | 17.41 | 6.88 | 47.29 | 11.80 | 2.43 | 40.64 | 2.30 | -15.13 | 58.62 | 1.33 | -14.74 | 62.2 | 0.10 | -23.08 | 11.11 | 25.85 | 12.24 | 27.28 | 97.81 | 16.69 | 3.98 | 85.47 | -21.16 | 61.27 | 14.53 | 283.38 | -69.1 | 20.93 | 27.86 | -14.71 |
| 23Q1 (14) | 1.28 | 3.23 | -11.72 | 41.41 | -14.95 | 2.12 | 17.60 | -28.77 | 77.24 | 16.29 | -19.67 | -2.75 | 11.52 | -5.81 | -19.33 | 2.71 | -3.21 | -8.45 | 1.56 | 0.65 | 0.65 | 0.13 | 8.33 | 30.0 | 23.03 | -15.21 | -5.69 | 83.82 | -4.93 | -11.96 | 108.42 | -10.78 | 83.64 | -7.92 | 63.9 | -119.34 | 16.37 | -11.08 | -25.18 |
| 22Q4 (13) | 1.24 | -1.59 | 72.22 | 48.69 | 38.44 | 18.21 | 24.71 | 1716.91 | 166.85 | 20.28 | 46.74 | 156.38 | 12.23 | 3.47 | 56.19 | 2.80 | 22.27 | 57.3 | 1.55 | 22.05 | 63.16 | 0.12 | 20.0 | 9.09 | 27.16 | 25.1 | 81.67 | 88.17 | -9.11 | -16.22 | 121.52 | 1133.89 | 3.8 | -21.94 | -124.34 | -28.51 | 18.41 | -13.53 | -5.1 |
| 22Q3 (12) | 1.26 | 29.9 | 22.33 | 35.17 | -12.16 | -13.44 | 1.36 | -78.41 | -88.75 | 13.82 | 16.92 | 9.86 | 11.82 | 40.88 | 12.57 | 2.29 | 57.93 | 10.1 | 1.27 | 54.88 | 11.4 | 0.10 | 11.11 | 0.0 | 21.71 | 6.89 | 6.16 | 97.01 | 3.13 | -0.97 | 9.85 | -81.42 | -89.7 | 90.15 | 91.81 | 2446.78 | 21.29 | -13.24 | -5.08 |
| 22Q2 (11) | 0.97 | -33.1 | 12.79 | 40.04 | -1.26 | 10.18 | 6.30 | -36.56 | -47.76 | 11.82 | -29.43 | -2.15 | 8.39 | -41.25 | -14.04 | 1.45 | -51.01 | -33.79 | 0.82 | -47.1 | -34.4 | 0.09 | -10.0 | -25.0 | 20.31 | -16.83 | 7.06 | 94.07 | -1.2 | 1.09 | 53.00 | -10.22 | -47.0 | 47.00 | 14.74 | 0 | 24.54 | 12.16 | 31.94 |
| 22Q1 (10) | 1.45 | 101.39 | -9.94 | 40.55 | -1.55 | -9.69 | 9.93 | 7.24 | -57.18 | 16.75 | 111.76 | -27.52 | 14.28 | 82.38 | -23.18 | 2.96 | 66.29 | -46.57 | 1.55 | 63.16 | -46.74 | 0.10 | -9.09 | -33.33 | 24.42 | 63.34 | -13.16 | 95.21 | -9.53 | 15.77 | 59.04 | -49.57 | -41.18 | 40.96 | 339.93 | 11119.28 | 21.88 | 12.78 | 43.29 |
| 21Q4 (9) | 0.72 | -30.1 | -5.26 | 41.19 | 1.38 | 0.96 | 9.26 | -23.41 | -43.74 | 7.91 | -37.12 | -35.06 | 7.83 | -25.43 | -20.99 | 1.78 | -14.42 | -40.47 | 0.95 | -16.67 | -33.57 | 0.11 | 10.0 | -15.38 | 14.95 | -26.89 | -10.16 | 105.24 | 7.43 | -5.14 | 117.07 | 22.49 | -13.2 | -17.07 | -582.32 | 51.06 | 19.40 | -13.51 | 9.98 |
| 21Q3 (8) | 1.03 | 19.77 | 101.96 | 40.63 | 11.81 | 0.47 | 12.09 | 0.25 | -19.77 | 12.58 | 4.14 | 14.26 | 10.50 | 7.58 | 25.45 | 2.08 | -5.02 | 6.12 | 1.14 | -8.8 | 23.91 | 0.10 | -16.67 | 0.0 | 20.45 | 7.8 | 7.69 | 97.96 | 5.27 | -28.28 | 95.58 | -4.42 | -30.13 | 3.54 | 0 | 109.62 | 22.43 | 20.59 | 48.44 |
| 21Q2 (7) | 0.86 | -46.58 | 0 | 36.34 | -19.06 | 6.48 | 12.06 | -47.99 | 11063.64 | 12.08 | -47.73 | 368.44 | 9.76 | -47.5 | 1038.46 | 2.19 | -60.47 | 1388.24 | 1.25 | -57.04 | 3225.0 | 0.12 | -20.0 | 33.33 | 18.97 | -32.54 | 445.11 | 93.06 | 13.16 | -23.86 | 100.00 | -0.37 | 2800.0 | 0.00 | 100.0 | -100.0 | 18.60 | 21.81 | -31.64 |
| 21Q1 (6) | 1.61 | 111.84 | 117.57 | 44.90 | 10.05 | 26.41 | 23.19 | 40.89 | 112.56 | 23.11 | 89.74 | 88.81 | 18.59 | 87.59 | 86.27 | 5.54 | 85.28 | 191.58 | 2.91 | 103.5 | 134.68 | 0.15 | 15.38 | 25.0 | 28.12 | 68.99 | 54.68 | 82.24 | -25.87 | 37.71 | 100.37 | -25.59 | 12.12 | -0.37 | 98.93 | -103.55 | 15.27 | -13.44 | -15.64 |
| 20Q4 (5) | 0.76 | 49.02 | 10.14 | 40.80 | 0.89 | 2.98 | 16.46 | 9.22 | 18.16 | 12.18 | 10.63 | 68.93 | 9.91 | 18.4 | 41.77 | 2.99 | 52.55 | 82.32 | 1.43 | 55.43 | 31.19 | 0.13 | 30.0 | -13.33 | 16.64 | -12.37 | 40.3 | 110.94 | -18.77 | 88.58 | 134.88 | -1.39 | -30.26 | -34.88 | 5.16 | 62.66 | 17.64 | 16.74 | 0 |
| 20Q3 (4) | 0.51 | 0 | 0.0 | 40.44 | 18.49 | 0.0 | 15.07 | 13800.0 | 0.0 | 11.01 | 344.67 | 0.0 | 8.37 | 904.81 | 0.0 | 1.96 | 1252.94 | 0.0 | 0.92 | 2400.0 | 0.0 | 0.10 | 11.11 | 0.0 | 18.99 | 445.69 | 0.0 | 136.58 | 11.74 | 0.0 | 136.78 | 3866.67 | 0.0 | -36.78 | -138.1 | 0.0 | 15.11 | -44.47 | 0.0 |
| 20Q2 (3) | 0.00 | -100.0 | 0.0 | 34.13 | -3.91 | 0.0 | -0.11 | -101.01 | 0.0 | -4.50 | -136.76 | 0.0 | -1.04 | -110.42 | 0.0 | -0.17 | -108.95 | 0.0 | -0.04 | -103.23 | 0.0 | 0.09 | -25.0 | 0.0 | 3.48 | -80.86 | 0.0 | 122.23 | 104.67 | 0.0 | 3.45 | -96.15 | 0.0 | 96.55 | 821.63 | 0.0 | 27.21 | 50.33 | 0.0 |
| 20Q1 (2) | 0.74 | 7.25 | 0.0 | 35.52 | -10.35 | 0.0 | 10.91 | -21.68 | 0.0 | 12.24 | 69.76 | 0.0 | 9.98 | 42.78 | 0.0 | 1.90 | 15.85 | 0.0 | 1.24 | 13.76 | 0.0 | 0.12 | -20.0 | 0.0 | 18.18 | 53.29 | 0.0 | 59.72 | 1.51 | 0.0 | 89.52 | -53.72 | 0.0 | 10.48 | 111.21 | 0.0 | 18.10 | 0 | 0.0 |
| 19Q4 (1) | 0.69 | 0.0 | 0.0 | 39.62 | 0.0 | 0.0 | 13.93 | 0.0 | 0.0 | 7.21 | 0.0 | 0.0 | 6.99 | 0.0 | 0.0 | 1.64 | 0.0 | 0.0 | 1.09 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 11.86 | 0.0 | 0.0 | 58.83 | 0.0 | 0.0 | 193.42 | 0.0 | 0.0 | -93.42 | 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) | 3.15 | -32.98 | 39.75 | -4.31 | 10.05 | -12.15 | 5.00 | -1.01 | 10.50 | -34.5 | 7.23 | -38.88 | 6.11 | -35.89 | 3.64 | -29.87 | 0.44 | 7.32 | 18.26 | -22.95 | 95.83 | 8.69 | 95.67 | 34.11 | 4.33 | -84.9 | 7.19 | -9.83 | 19.06 | -10.43 |
| 2022 (9) | 4.70 | 11.11 | 41.54 | 1.44 | 11.44 | -21.21 | 5.05 | 7.38 | 16.03 | 12.25 | 11.83 | -1.0 | 9.53 | -19.58 | 5.19 | -13.64 | 0.41 | -14.58 | 23.70 | 13.61 | 88.17 | -16.22 | 71.34 | -29.86 | 28.66 | 0 | 7.97 | -4.33 | 21.28 | 13.86 |
| 2021 (8) | 4.23 | 108.37 | 40.95 | 7.51 | 14.52 | 25.5 | 4.71 | -2.98 | 14.28 | 63.01 | 11.95 | 59.55 | 11.85 | 91.75 | 6.01 | 64.21 | 0.48 | 6.67 | 20.86 | 38.24 | 105.24 | -5.14 | 101.72 | -22.79 | -1.72 | 0 | 8.33 | 27.74 | 18.69 | -1.53 |
| 2020 (7) | 2.03 | -74.63 | 38.09 | -24.72 | 11.57 | -59.77 | 4.85 | 28.14 | 8.76 | -68.23 | 7.49 | -66.95 | 6.18 | -71.6 | 3.66 | -72.99 | 0.45 | -23.73 | 15.09 | -53.54 | 110.94 | 88.58 | 131.74 | 26.26 | -32.08 | 0 | 6.52 | -4.42 | 18.98 | 16.23 |
| 2019 (6) | 8.00 | -15.61 | 50.60 | 4.57 | 28.76 | -6.8 | 3.79 | 6.51 | 27.57 | -13.44 | 22.66 | -12.31 | 21.76 | -20.58 | 13.55 | -15.1 | 0.59 | -3.28 | 32.48 | -10.96 | 58.83 | -13.45 | 104.34 | 7.62 | -4.34 | 0 | 6.82 | -9.19 | 16.33 | 17.23 |
| 2018 (5) | 9.48 | -5.2 | 48.39 | -9.13 | 30.86 | -16.55 | 3.55 | -4.51 | 31.85 | -2.78 | 25.84 | -5.35 | 27.40 | -2.63 | 15.96 | 5.7 | 0.61 | 12.96 | 36.48 | -3.0 | 67.97 | -17.19 | 96.96 | -14.14 | 3.12 | 0 | 7.51 | 0 | 13.93 | 11.71 |
| 2017 (4) | 10.00 | -17.63 | 53.25 | -1.92 | 36.98 | -6.76 | 3.72 | 5.1 | 32.76 | -16.56 | 27.30 | -16.26 | 28.14 | -27.0 | 15.10 | -34.77 | 0.54 | -22.86 | 37.61 | -13.7 | 82.08 | -16.56 | 112.92 | 11.76 | -12.92 | 0 | 0.00 | 0 | 12.47 | -0.87 |
| 2016 (3) | 12.14 | -9.74 | 54.29 | -1.93 | 39.66 | -10.39 | 3.54 | -1.06 | 39.26 | -15.02 | 32.60 | -18.01 | 38.55 | -22.2 | 23.15 | -40.29 | 0.70 | -27.84 | 43.58 | -12.84 | 98.37 | 210.02 | 101.04 | 5.49 | -1.04 | 0 | 0.00 | 0 | 12.58 | 11.92 |
| 2015 (2) | 13.45 | 28.95 | 55.36 | 9.78 | 44.26 | 16.2 | 3.58 | -9.26 | 46.20 | 13.07 | 39.76 | 14.95 | 49.55 | 13.33 | 38.77 | 15.15 | 0.97 | 0.0 | 50.00 | 10.62 | 31.73 | 36.89 | 95.78 | 2.78 | 4.22 | -38.07 | 0.00 | 0 | 11.24 | -8.77 |
| 2014 (1) | 10.43 | 73.83 | 50.43 | 0 | 38.09 | 0 | 3.94 | -27.9 | 40.86 | 0 | 34.59 | 0 | 43.72 | 0 | 33.67 | 0 | 0.97 | 14.12 | 45.20 | 30.03 | 23.18 | -43.35 | 93.19 | -2.51 | 6.81 | 63.07 | 0.00 | 0 | 12.32 | -18.57 |
