- 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) | 0.30 | -49.15 | -46.43 | 8.11 | -20.88 | -10.58 | 3.20 | -36.88 | -30.74 | 3.12 | -47.39 | -36.97 | 2.56 | -47.22 | -36.95 | 2.10 | -44.15 | -47.1 | 1.11 | -42.49 | -42.78 | 0.37 | 2.78 | -15.91 | 5.29 | -34.61 | -21.86 | 122.84 | 0.53 | 10.02 | 103.03 | 20.43 | 10.39 | -3.03 | -120.98 | -145.45 | 2.85 | -14.93 | 12.65 |
| 24Q2 (19) | 0.59 | 90.32 | 227.78 | 10.25 | 43.56 | 85.02 | 5.07 | 94.25 | 281.2 | 5.93 | 104.48 | 300.68 | 4.85 | 100.41 | 248.92 | 3.76 | 85.22 | 193.75 | 1.93 | 72.32 | 160.81 | 0.36 | -10.0 | -12.2 | 8.09 | 66.12 | 134.49 | 122.19 | 17.51 | -11.16 | 85.56 | -4.61 | -3.29 | 14.44 | 40.11 | 50.22 | 3.35 | 33.47 | 45.65 |
| 24Q1 (18) | 0.31 | -46.55 | 3.33 | 7.14 | -26.84 | 19.8 | 2.61 | -45.4 | 31.82 | 2.90 | -42.69 | 47.21 | 2.42 | -41.97 | 47.56 | 2.03 | -48.21 | 26.87 | 1.12 | -43.43 | 28.74 | 0.40 | -6.98 | -4.76 | 4.87 | -29.01 | 29.18 | 103.98 | -14.58 | -11.42 | 89.69 | -5.15 | -10.31 | 10.31 | 89.69 | 873.2 | 2.51 | -16.33 | 15.14 |
| 23Q4 (17) | 0.58 | 3.57 | 346.15 | 9.76 | 7.61 | 134.62 | 4.78 | 3.46 | 1348.48 | 5.06 | 2.22 | 1305.56 | 4.17 | 2.71 | 1245.16 | 3.92 | -1.26 | 1125.0 | 1.98 | 2.06 | 560.0 | 0.43 | -2.27 | 0.0 | 6.86 | 1.33 | 225.12 | 121.73 | 9.03 | -16.09 | 94.57 | 1.32 | 1.84 | 5.43 | -18.48 | -23.91 | 3.00 | 18.58 | 42.18 |
| 23Q3 (16) | 0.56 | 211.11 | 1220.0 | 9.07 | 63.72 | 258.5 | 4.62 | 247.37 | 520.0 | 4.95 | 234.46 | 898.39 | 4.06 | 192.09 | 945.83 | 3.97 | 210.16 | 910.2 | 1.94 | 162.16 | 3333.33 | 0.44 | 7.32 | 4.76 | 6.77 | 96.23 | 521.1 | 111.65 | -18.82 | -20.68 | 93.33 | 5.51 | -47.91 | 6.67 | -30.67 | 108.42 | 2.53 | 10.0 | 39.01 |
| 23Q2 (15) | 0.18 | -40.0 | -73.13 | 5.54 | -7.05 | -37.75 | 1.33 | -32.83 | -69.98 | 1.48 | -24.87 | -69.67 | 1.39 | -15.24 | -66.18 | 1.28 | -20.0 | -67.59 | 0.74 | -14.94 | -59.56 | 0.41 | -2.38 | -2.38 | 3.45 | -8.49 | -45.24 | 137.54 | 17.17 | -9.17 | 88.46 | -11.54 | -2.64 | 9.62 | 821.15 | 5.2 | 2.30 | 5.5 | -8.37 |
| 23Q1 (14) | 0.30 | 130.77 | -68.09 | 5.96 | 43.27 | -47.02 | 1.98 | 500.0 | -68.72 | 1.97 | 447.22 | -71.86 | 1.64 | 429.03 | -70.82 | 1.60 | 400.0 | -67.74 | 0.87 | 190.0 | -62.17 | 0.42 | -2.33 | 5.0 | 3.77 | 78.67 | -53.97 | 117.39 | -19.08 | 7.21 | 100.00 | 7.69 | 10.81 | -1.33 | -118.67 | -113.67 | 2.18 | 3.32 | -21.3 |
| 22Q4 (13) | 0.13 | 360.0 | -76.79 | 4.16 | 64.43 | -48.77 | 0.33 | 130.0 | -91.03 | 0.36 | 158.06 | -91.35 | 0.31 | 164.58 | -90.86 | 0.32 | 165.31 | -90.15 | 0.30 | 600.0 | -80.0 | 0.43 | 2.38 | 2.38 | 2.11 | 93.58 | -59.81 | 145.07 | 3.06 | 7.28 | 92.86 | -48.17 | 4.55 | 7.14 | 109.02 | -39.68 | 2.11 | 15.93 | -18.53 |
| 22Q3 (12) | -0.05 | -107.46 | -138.46 | 2.53 | -71.57 | -58.04 | -1.10 | -124.83 | -178.57 | -0.62 | -112.7 | -139.24 | -0.48 | -111.68 | -137.21 | -0.49 | -112.41 | -146.23 | -0.06 | -103.28 | -110.91 | 0.42 | 0.0 | 10.53 | 1.09 | -82.7 | -61.48 | 140.76 | -7.05 | 18.46 | 179.17 | 97.19 | 99.07 | -79.17 | -966.18 | -759.72 | 1.82 | -27.49 | -31.58 |
| 22Q2 (11) | 0.67 | -28.72 | 42.55 | 8.90 | -20.89 | 1.14 | 4.43 | -30.02 | 13.01 | 4.88 | -30.29 | 13.75 | 4.11 | -26.87 | 16.76 | 3.95 | -20.36 | 40.57 | 1.83 | -20.43 | 28.87 | 0.42 | 5.0 | 7.69 | 6.30 | -23.08 | 14.13 | 151.43 | 38.29 | 29.52 | 90.86 | 0.68 | -0.35 | 9.14 | -6.32 | 3.58 | 2.51 | -9.39 | -9.06 |
| 22Q1 (10) | 0.94 | 67.86 | 3.3 | 11.25 | 38.55 | -10.57 | 6.33 | 72.01 | -13.88 | 7.00 | 68.27 | -16.07 | 5.62 | 65.78 | -17.23 | 4.96 | 52.62 | -9.32 | 2.30 | 53.33 | -17.56 | 0.40 | -4.76 | 0.0 | 8.19 | 56.0 | -14.33 | 109.50 | -19.03 | 14.7 | 90.24 | 1.61 | 2.57 | 9.76 | -17.62 | -18.8 | 2.77 | 6.95 | -10.65 |
| 21Q4 (9) | 0.56 | 330.77 | -17.65 | 8.12 | 34.66 | -37.92 | 3.68 | 162.86 | -44.49 | 4.16 | 163.29 | -44.61 | 3.39 | 162.79 | -43.41 | 3.25 | 206.6 | -27.29 | 1.50 | 172.73 | -32.43 | 0.42 | 10.53 | 16.67 | 5.25 | 85.51 | -41.41 | 135.23 | 13.81 | 27.48 | 88.82 | -1.32 | 0.59 | 11.84 | -1.32 | 1.15 | 2.59 | -2.63 | -34.43 |
| 21Q3 (8) | 0.13 | -72.34 | -66.67 | 6.03 | -31.48 | -48.55 | 1.40 | -64.29 | -75.95 | 1.58 | -63.17 | -74.76 | 1.29 | -63.35 | -66.92 | 1.06 | -62.28 | -62.01 | 0.55 | -61.27 | -60.14 | 0.38 | -2.56 | 11.76 | 2.83 | -48.73 | -63.76 | 118.82 | 1.63 | 9.32 | 90.00 | -1.29 | -3.22 | 12.00 | 36.0 | 71.27 | 2.66 | -3.62 | -23.34 |
| 21Q2 (7) | 0.47 | -48.35 | 62.07 | 8.80 | -30.05 | -2.76 | 3.92 | -46.67 | 17.01 | 4.29 | -48.56 | 12.6 | 3.52 | -48.16 | 23.94 | 2.81 | -48.63 | 44.85 | 1.42 | -49.1 | 42.0 | 0.39 | -2.5 | 18.18 | 5.52 | -42.26 | 2.03 | 116.92 | 22.47 | 1.17 | 91.18 | 3.63 | 4.52 | 8.82 | -26.57 | -24.6 | 2.76 | -10.97 | 0 |
| 21Q1 (6) | 0.91 | 33.82 | 152.78 | 12.58 | -3.82 | 32.14 | 7.35 | 10.86 | 87.5 | 8.34 | 11.05 | 94.86 | 6.79 | 13.36 | 96.81 | 5.47 | 22.37 | 131.78 | 2.79 | 25.68 | 126.83 | 0.40 | 11.11 | 21.21 | 9.56 | 6.7 | 59.6 | 95.47 | -10.0 | -8.13 | 87.98 | -0.35 | -4.02 | 12.02 | 2.63 | 44.19 | 3.10 | -21.52 | -2.82 |
| 20Q4 (5) | 0.68 | 74.36 | 54.55 | 13.08 | 11.6 | 31.33 | 6.63 | 13.92 | 45.71 | 7.51 | 19.97 | 46.68 | 5.99 | 53.59 | 45.74 | 4.47 | 60.22 | 39.69 | 2.22 | 60.87 | 43.23 | 0.36 | 5.88 | 2.86 | 8.96 | 14.72 | 35.35 | 106.08 | -2.4 | -5.43 | 88.29 | -5.06 | -0.67 | 11.71 | 67.1 | 5.37 | 3.95 | 13.83 | -4.36 |
| 20Q3 (4) | 0.39 | 34.48 | 0.0 | 11.72 | 29.5 | 0.0 | 5.82 | 73.73 | 0.0 | 6.26 | 64.3 | 0.0 | 3.90 | 37.32 | 0.0 | 2.79 | 43.81 | 0.0 | 1.38 | 38.0 | 0.0 | 0.34 | 3.03 | 0.0 | 7.81 | 44.36 | 0.0 | 108.69 | -5.95 | 0.0 | 92.99 | 6.6 | 0.0 | 7.01 | -40.13 | 0.0 | 3.47 | 0 | 0.0 |
| 20Q2 (3) | 0.29 | -19.44 | 0.0 | 9.05 | -4.94 | 0.0 | 3.35 | -14.54 | 0.0 | 3.81 | -10.98 | 0.0 | 2.84 | -17.68 | 0.0 | 1.94 | -17.8 | 0.0 | 1.00 | -18.7 | 0.0 | 0.33 | 0.0 | 0.0 | 5.41 | -9.68 | 0.0 | 115.57 | 11.21 | 0.0 | 87.23 | -4.84 | 0.0 | 11.70 | 40.43 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.36 | -18.18 | 0.0 | 9.52 | -4.42 | 0.0 | 3.92 | -13.85 | 0.0 | 4.28 | -16.41 | 0.0 | 3.45 | -16.06 | 0.0 | 2.36 | -26.25 | 0.0 | 1.23 | -20.65 | 0.0 | 0.33 | -5.71 | 0.0 | 5.99 | -9.52 | 0.0 | 103.92 | -7.35 | 0.0 | 91.67 | 3.13 | 0.0 | 8.33 | -25.0 | 0.0 | 3.19 | -22.76 | 0.0 |
| 19Q4 (1) | 0.44 | 0.0 | 0.0 | 9.96 | 0.0 | 0.0 | 4.55 | 0.0 | 0.0 | 5.12 | 0.0 | 0.0 | 4.11 | 0.0 | 0.0 | 3.20 | 0.0 | 0.0 | 1.55 | 0.0 | 0.0 | 0.35 | 0.0 | 0.0 | 6.62 | 0.0 | 0.0 | 112.17 | 0.0 | 0.0 | 88.89 | 0.0 | 0.0 | 11.11 | 0.0 | 0.0 | 4.13 | 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) | 1.60 | -5.33 | 7.59 | 15.88 | 3.18 | 34.75 | 1.31 | 14.62 | 3.37 | 22.1 | 2.81 | 23.79 | 10.51 | 16.91 | 5.16 | 22.27 | 1.60 | -3.03 | 5.21 | 21.73 | 121.73 | -16.09 | 94.49 | 10.46 | 5.51 | -61.88 | 0.01 | 8.26 | 2.50 | 9.17 |
| 2022 (9) | 1.69 | -18.36 | 6.55 | -25.82 | 2.36 | -41.73 | 1.15 | 17.29 | 2.76 | -39.34 | 2.27 | -38.98 | 8.99 | -29.77 | 4.22 | -30.13 | 1.65 | 5.77 | 4.28 | -25.57 | 145.07 | 7.28 | 85.55 | -3.82 | 14.45 | 30.75 | 0.01 | 0 | 2.29 | -17.33 |
| 2021 (8) | 2.07 | 20.35 | 8.83 | -18.99 | 4.05 | -18.67 | 0.98 | -22.67 | 4.55 | -17.42 | 3.72 | -9.05 | 12.80 | 13.07 | 6.04 | 5.78 | 1.56 | 18.18 | 5.75 | -18.9 | 135.23 | 27.48 | 88.94 | -1.43 | 11.06 | 13.17 | 0.00 | 0 | 2.77 | -20.4 |
| 2020 (7) | 1.72 | 10.97 | 10.90 | 10.66 | 4.98 | 18.85 | 1.26 | 5.06 | 5.51 | 19.01 | 4.09 | 10.24 | 11.32 | 3.76 | 5.71 | -4.52 | 1.32 | -12.0 | 7.09 | 14.35 | 106.08 | -5.43 | 90.23 | -0.26 | 9.77 | 2.47 | 0.00 | 0 | 3.48 | 10.48 |
| 2019 (6) | 1.55 | 32.48 | 9.85 | 21.6 | 4.19 | 37.83 | 1.20 | 20.69 | 4.63 | 37.39 | 3.71 | 38.95 | 10.91 | 31.45 | 5.98 | 25.1 | 1.50 | -10.18 | 6.20 | 33.62 | 112.17 | 43.0 | 90.47 | 0.25 | 9.53 | -2.35 | 0.00 | 0 | 3.15 | 12.5 |
| 2018 (5) | 1.17 | 3.54 | 8.10 | -15.89 | 3.04 | -30.28 | 1.00 | -2.59 | 3.37 | -13.37 | 2.67 | -10.4 | 8.30 | -5.25 | 4.78 | -4.4 | 1.67 | 6.37 | 4.64 | -10.6 | 78.44 | -15.57 | 90.24 | -19.38 | 9.76 | 0 | 0.00 | 0 | 2.80 | -3.78 |
| 2017 (4) | 1.13 | -35.8 | 9.63 | -11.33 | 4.36 | -22.0 | 1.02 | -0.31 | 3.89 | -31.87 | 2.98 | -33.18 | 8.76 | -35.64 | 5.00 | -35.32 | 1.57 | -4.27 | 5.19 | -26.69 | 92.90 | 14.54 | 111.93 | 14.32 | -11.93 | 0 | 0.00 | 0 | 2.91 | -2.35 |
| 2016 (3) | 1.76 | -30.98 | 10.86 | 46.96 | 5.59 | -32.16 | 1.03 | -5.39 | 5.71 | -28.8 | 4.46 | -17.86 | 13.61 | -26.23 | 7.73 | -19.81 | 1.64 | -1.8 | 7.08 | -26.17 | 81.11 | -11.01 | 97.91 | -4.71 | 2.09 | 0 | 0.00 | 0 | 2.98 | -5.1 |
| 2015 (2) | 2.55 | 1059.09 | 7.39 | 41.57 | 8.24 | 776.6 | 1.08 | 10.26 | 8.02 | 1153.12 | 5.43 | 1008.16 | 18.45 | 750.23 | 9.64 | 450.86 | 1.67 | -14.8 | 9.59 | 346.05 | 91.15 | -22.84 | 102.75 | -30.62 | -2.75 | 0 | 0.00 | 0 | 3.14 | 54.68 |
| 2014 (1) | 0.22 | -31.25 | 5.22 | 0 | 0.94 | 0 | 0.98 | 12.68 | 0.64 | 0 | 0.49 | 0 | 2.17 | 0 | 1.75 | 0 | 1.96 | -10.09 | 2.15 | 5.91 | 118.13 | -10.27 | 148.10 | -3.24 | -48.10 | 0 | 0.00 | 0 | 2.03 | 13.41 |
