- 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) | 0.18 | -67.86 | -47.06 | 17.41 | -29.2 | -4.29 | 9.74 | -44.69 | -22.51 | 9.90 | -50.15 | -28.21 | 7.05 | -53.98 | -22.78 | 0.74 | -64.59 | -50.67 | 0.66 | -63.93 | -48.44 | 0.09 | -25.0 | -35.71 | 17.66 | -30.58 | -5.16 | 10.05 | -39.05 | -30.93 | 98.10 | 10.66 | 7.9 | 1.90 | -83.23 | -77.94 | 11.01 | 10.43 | 29.99 |
| 24Q2 (19) | 0.56 | 60.0 | -6.67 | 24.59 | 28.54 | 8.37 | 17.61 | 56.81 | -3.61 | 19.86 | 56.87 | -4.1 | 15.32 | 58.43 | 3.72 | 2.09 | 99.05 | -18.99 | 1.83 | 98.91 | -15.67 | 0.12 | 20.0 | -20.0 | 25.44 | 29.8 | 0.59 | 16.49 | 25.3 | -18.57 | 88.64 | 0.18 | 0.37 | 11.36 | -1.35 | -2.79 | 9.97 | -11.77 | 37.33 |
| 24Q1 (18) | 0.35 | -46.15 | -16.67 | 19.13 | -22.11 | -3.53 | 11.23 | -37.19 | -19.73 | 12.66 | -35.9 | -22.43 | 9.67 | -35.49 | -22.52 | 1.05 | -57.49 | -38.6 | 0.92 | -57.21 | -36.55 | 0.10 | -28.57 | -16.67 | 19.60 | -19.93 | -11.35 | 13.16 | -16.39 | -24.76 | 88.49 | -2.12 | 3.16 | 11.51 | 19.94 | -19.05 | 11.30 | 9.71 | 18.7 |
| 23Q4 (17) | 0.65 | 91.18 | 91.18 | 24.56 | 35.02 | 4.47 | 17.88 | 42.24 | -1.11 | 19.75 | 43.22 | 7.75 | 14.99 | 64.18 | 65.45 | 2.47 | 64.67 | 53.42 | 2.15 | 67.97 | 58.09 | 0.14 | 0.0 | -6.67 | 24.48 | 31.47 | 7.23 | 15.74 | 8.18 | -16.72 | 90.40 | -0.56 | -8.43 | 9.60 | 11.13 | 653.41 | 10.30 | 21.61 | 33.07 |
| 23Q3 (16) | 0.34 | -43.33 | -46.03 | 18.19 | -19.83 | 15.64 | 12.57 | -31.2 | 16.07 | 13.79 | -33.41 | -9.1 | 9.13 | -38.19 | -38.6 | 1.50 | -41.86 | -42.97 | 1.28 | -41.01 | -41.01 | 0.14 | -6.67 | -6.67 | 18.62 | -26.37 | -6.01 | 14.55 | -28.15 | -20.49 | 90.91 | 2.93 | 27.07 | 8.64 | -26.06 | -69.65 | 8.47 | 16.67 | 1.44 |
| 23Q2 (15) | 0.60 | 42.86 | 1100.0 | 22.69 | 14.42 | 7.38 | 18.27 | 30.59 | 10.26 | 20.71 | 26.9 | 31.49 | 14.77 | 18.35 | 6613.64 | 2.58 | 50.88 | 6350.0 | 2.17 | 49.66 | 7133.33 | 0.15 | 25.0 | 0.0 | 25.29 | 14.38 | 25.07 | 20.25 | 15.78 | -18.87 | 88.32 | 2.96 | -16.2 | 11.68 | -17.86 | 331.95 | 7.26 | -23.74 | -9.36 |
| 23Q1 (14) | 0.42 | 23.53 | 61.54 | 19.83 | -15.65 | 16.37 | 13.99 | -22.62 | 35.56 | 16.32 | -10.97 | 37.37 | 12.48 | 37.75 | 40.22 | 1.71 | 6.21 | 55.45 | 1.45 | 6.62 | 52.63 | 0.12 | -20.0 | 9.09 | 22.11 | -3.15 | 21.22 | 17.49 | -7.46 | 26.83 | 85.78 | -13.11 | -1.49 | 14.22 | 1016.28 | 10.02 | 9.52 | 23.0 | -11.77 |
| 22Q4 (13) | 0.34 | -46.03 | -62.64 | 23.51 | 49.46 | -27.06 | 18.08 | 66.94 | -32.64 | 18.33 | 20.83 | -32.36 | 9.06 | -39.07 | -54.45 | 1.61 | -38.78 | -65.0 | 1.36 | -37.33 | -65.04 | 0.15 | 0.0 | -25.0 | 22.83 | 15.24 | -25.37 | 18.90 | 3.28 | 0.69 | 98.73 | 38.0 | -0.28 | 1.27 | -95.52 | 27.81 | 7.74 | -7.31 | -2.76 |
| 22Q3 (12) | 0.63 | 1150.0 | 103.23 | 15.73 | -25.56 | -15.38 | 10.83 | -34.64 | -8.45 | 15.17 | -3.68 | 10.25 | 14.87 | 6659.09 | 60.93 | 2.63 | 6475.0 | 86.52 | 2.17 | 7133.33 | 80.83 | 0.15 | 0.0 | 15.38 | 19.81 | -2.03 | 3.66 | 18.30 | -26.68 | 5.84 | 71.54 | -32.12 | -16.88 | 28.46 | 665.1 | 104.29 | 8.35 | 4.24 | -15.57 |
| 22Q2 (11) | -0.06 | -123.08 | -112.77 | 21.13 | 24.0 | -35.1 | 16.57 | 60.56 | -37.5 | 15.75 | 32.58 | -42.77 | 0.22 | -97.53 | -98.24 | 0.04 | -96.36 | -98.34 | 0.03 | -96.84 | -98.51 | 0.15 | 36.36 | -6.25 | 20.22 | 10.86 | -36.25 | 24.96 | 81.0 | 38.98 | 105.40 | 21.04 | 9.4 | -5.04 | -138.96 | -237.56 | 8.01 | -25.76 | -8.25 |
| 22Q1 (10) | 0.26 | -71.43 | -68.67 | 17.04 | -47.13 | -48.69 | 10.32 | -61.55 | -61.76 | 11.88 | -56.16 | -58.4 | 8.90 | -55.25 | -59.71 | 1.10 | -76.09 | -73.37 | 0.95 | -75.58 | -71.98 | 0.11 | -45.0 | -26.67 | 18.24 | -40.37 | -44.64 | 13.79 | -26.53 | -31.6 | 87.07 | -12.05 | -7.76 | 12.93 | 1196.83 | 139.12 | 10.79 | 35.55 | 25.03 |
| 21Q4 (9) | 0.91 | 193.55 | -24.79 | 32.23 | 73.37 | -18.18 | 26.84 | 126.88 | -19.5 | 27.10 | 96.95 | -18.64 | 19.89 | 115.26 | -20.12 | 4.60 | 226.24 | -28.68 | 3.89 | 224.17 | -25.76 | 0.20 | 53.85 | -4.76 | 30.59 | 60.07 | -16.6 | 18.77 | 8.56 | -21.1 | 99.00 | 15.03 | -1.12 | 1.00 | -92.85 | 890.37 | 7.96 | -19.51 | 6.42 |
| 21Q3 (8) | 0.31 | -34.04 | -60.76 | 18.59 | -42.91 | -38.65 | 11.83 | -55.38 | -50.71 | 13.76 | -50.0 | -45.35 | 9.24 | -26.2 | -52.25 | 1.41 | -41.49 | -68.03 | 1.20 | -40.59 | -66.1 | 0.13 | -18.75 | -27.78 | 19.11 | -39.75 | -34.84 | 17.29 | -3.73 | -23.16 | 86.07 | -10.66 | -9.72 | 13.93 | 280.52 | 198.59 | 9.89 | 13.29 | 21.2 |
| 21Q2 (7) | 0.47 | -43.37 | -28.79 | 32.56 | -1.96 | -10.01 | 26.51 | -1.78 | -10.89 | 27.52 | -3.64 | -10.77 | 12.52 | -43.32 | -23.1 | 2.41 | -41.65 | -39.6 | 2.02 | -40.41 | -37.27 | 0.16 | 6.67 | -20.0 | 31.72 | -3.73 | -8.56 | 17.96 | -10.91 | -33.11 | 96.34 | 2.05 | -0.1 | 3.66 | -32.27 | 2.66 | 8.73 | 1.16 | 0 |
| 21Q1 (6) | 0.83 | -31.4 | 207.41 | 33.21 | -15.69 | 19.81 | 26.99 | -19.05 | 44.8 | 28.56 | -14.26 | 76.84 | 22.09 | -11.29 | 87.68 | 4.13 | -35.97 | 161.39 | 3.39 | -35.31 | 166.93 | 0.15 | -28.57 | 36.36 | 32.95 | -10.17 | 41.23 | 20.16 | -15.26 | -4.82 | 94.40 | -5.72 | -18.21 | 5.41 | 4386.49 | 135.04 | 8.63 | 15.37 | -26.62 |
| 20Q4 (5) | 1.21 | 53.16 | 28.72 | 39.39 | 30.0 | 14.67 | 33.34 | 38.92 | 28.63 | 33.31 | 32.29 | 21.04 | 24.90 | 28.68 | 20.46 | 6.45 | 46.26 | 19.0 | 5.24 | 48.02 | 23.58 | 0.21 | 16.67 | 5.0 | 36.68 | 25.06 | 16.89 | 23.79 | 5.73 | -19.85 | 100.13 | 5.03 | 6.26 | -0.13 | -102.7 | -102.18 | 7.48 | -8.33 | -12.31 |
| 20Q3 (4) | 0.79 | 19.7 | 0.0 | 30.30 | -16.25 | 0.0 | 24.00 | -19.33 | 0.0 | 25.18 | -18.35 | 0.0 | 19.35 | 18.86 | 0.0 | 4.41 | 10.53 | 0.0 | 3.54 | 9.94 | 0.0 | 0.18 | -10.0 | 0.0 | 29.33 | -15.45 | 0.0 | 22.50 | -16.2 | 0.0 | 95.33 | -1.14 | 0.0 | 4.67 | 30.83 | 0.0 | 8.16 | 0 | 0.0 |
| 20Q2 (3) | 0.66 | 144.44 | 0.0 | 36.18 | 30.52 | 0.0 | 29.75 | 59.6 | 0.0 | 30.84 | 90.96 | 0.0 | 16.28 | 38.32 | 0.0 | 3.99 | 152.53 | 0.0 | 3.22 | 153.54 | 0.0 | 0.20 | 81.82 | 0.0 | 34.69 | 48.69 | 0.0 | 26.85 | 26.77 | 0.0 | 96.43 | -16.45 | 0.0 | 3.57 | 123.12 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.27 | -71.28 | 0.0 | 27.72 | -19.3 | 0.0 | 18.64 | -28.09 | 0.0 | 16.15 | -41.32 | 0.0 | 11.77 | -43.06 | 0.0 | 1.58 | -70.85 | 0.0 | 1.27 | -70.05 | 0.0 | 0.11 | -45.0 | 0.0 | 23.33 | -25.65 | 0.0 | 21.18 | -28.64 | 0.0 | 115.43 | 22.5 | 0.0 | -15.43 | -367.08 | 0.0 | 11.76 | 37.87 | 0.0 |
| 19Q4 (1) | 0.94 | 0.0 | 0.0 | 34.35 | 0.0 | 0.0 | 25.92 | 0.0 | 0.0 | 27.52 | 0.0 | 0.0 | 20.67 | 0.0 | 0.0 | 5.42 | 0.0 | 0.0 | 4.24 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 31.38 | 0.0 | 0.0 | 29.68 | 0.0 | 0.0 | 94.22 | 0.0 | 0.0 | 5.78 | 0.0 | 0.0 | 8.53 | 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) | 2.01 | 71.79 | 21.42 | 9.51 | 15.80 | 10.8 | 4.86 | 0.72 | 17.76 | 14.29 | 12.90 | 59.26 | 8.22 | 54.8 | 7.02 | 57.05 | 0.54 | -1.82 | 22.70 | 11.06 | 15.74 | -16.72 | 88.94 | -3.06 | 10.97 | 32.86 | 0.16 | 98.74 | 8.84 | 3.15 |
| 2022 (9) | 1.17 | -53.57 | 19.56 | -34.49 | 14.26 | -40.13 | 4.82 | 14.75 | 15.54 | -37.64 | 8.10 | -50.73 | 5.31 | -57.55 | 4.47 | -56.69 | 0.55 | -12.7 | 20.44 | -29.95 | 18.90 | 0.69 | 91.74 | -4.03 | 8.26 | 87.48 | 0.08 | 1.85 | 8.57 | -1.49 |
| 2021 (8) | 2.52 | -14.29 | 29.86 | -13.12 | 23.82 | -13.98 | 4.20 | 0.01 | 24.92 | -10.68 | 16.44 | -13.84 | 12.51 | -21.57 | 10.32 | -18.16 | 0.63 | -4.55 | 29.18 | -9.38 | 18.77 | -21.1 | 95.60 | -3.68 | 4.40 | 483.05 | 0.08 | -81.46 | 8.70 | 3.08 |
| 2020 (7) | 2.94 | 4.26 | 34.37 | 3.24 | 27.69 | 4.81 | 4.20 | 0.82 | 27.90 | 4.49 | 19.08 | 2.31 | 15.95 | -10.74 | 12.61 | -8.56 | 0.66 | -9.59 | 32.20 | 3.37 | 23.79 | -19.85 | 99.24 | 0.3 | 0.76 | -28.27 | 0.41 | -8.97 | 8.44 | 4.58 |
| 2019 (6) | 2.82 | 18.49 | 33.29 | 2.15 | 26.42 | 0.88 | 4.17 | -11.63 | 26.70 | 1.71 | 18.65 | -0.32 | 17.87 | 3.24 | 13.79 | 1.4 | 0.73 | 2.82 | 31.15 | -1.02 | 29.68 | -8.05 | 98.95 | -0.83 | 1.05 | 363.12 | 0.46 | 0 | 8.07 | -8.19 |
| 2018 (5) | 2.38 | 80.3 | 32.59 | 39.51 | 26.19 | 64.72 | 4.72 | -15.78 | 26.25 | 57.19 | 18.71 | 41.64 | 17.31 | 59.98 | 13.60 | 59.25 | 0.71 | 14.52 | 31.47 | 37.12 | 32.28 | 23.11 | 99.77 | 4.79 | 0.23 | -95.25 | 0.00 | 0 | 8.79 | -11.75 |
| 2017 (4) | 1.32 | 214.29 | 23.36 | 53.79 | 15.90 | 132.8 | 5.60 | -19.96 | 16.70 | 246.47 | 13.21 | 222.98 | 10.82 | 287.81 | 8.54 | 263.4 | 0.62 | 24.0 | 22.95 | 82.0 | 26.22 | -28.32 | 95.21 | -33.0 | 4.79 | 0 | 0.03 | 0 | 9.96 | -14.21 |
| 2016 (3) | 0.42 | 950.0 | 15.19 | 50.4 | 6.83 | 413.53 | 6.99 | 2.82 | 4.82 | 1828.0 | 4.09 | 0 | 2.79 | 0 | 2.35 | 0 | 0.50 | 2.04 | 12.61 | 62.29 | 36.58 | 3.92 | 142.11 | -73.05 | -41.63 | 0 | 0.00 | 0 | 11.61 | 1.13 |
| 2015 (2) | 0.04 | -94.03 | 10.10 | -46.5 | 1.33 | -84.68 | 6.80 | 20.62 | 0.25 | -97.07 | -1.32 | 0 | -0.86 | 0 | -0.41 | 0 | 0.49 | -7.55 | 7.77 | -48.34 | 35.20 | 9.93 | 527.27 | 418.77 | -427.27 | 0 | 0.00 | 0 | 11.48 | 13.1 |
| 2014 (1) | 0.67 | 3.08 | 18.88 | 0 | 8.68 | 0 | 5.64 | -2.03 | 8.54 | 0 | 6.74 | 0 | 4.76 | 0 | 3.87 | 0 | 0.53 | 12.77 | 15.04 | 1.28 | 32.02 | -12.92 | 101.64 | 16.74 | -1.64 | 0 | 0.00 | 0 | 10.15 | -2.59 |
