- 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) | 0.44 | -44.3 | -35.29 | 15.40 | -48.63 | 4.98 | 2.47 | -88.43 | 6.47 | 30.41 | -37.07 | -24.8 | 28.01 | -40.33 | -28.8 | 1.15 | -57.25 | -38.5 | 0.94 | -55.66 | -36.91 | 0.03 | -25.0 | -25.0 | 36.28 | -30.63 | -21.32 | 27.76 | -10.42 | -0.93 | 8.15 | -81.57 | 42.82 | 91.85 | 64.44 | -2.59 | 16.84 | 41.51 | 2.31 |
| 24Q2 (19) | 0.79 | 12.86 | 1.28 | 29.98 | 66.19 | -7.84 | 21.34 | 189.16 | -9.92 | 48.32 | 19.28 | -3.8 | 46.94 | 18.87 | -2.8 | 2.69 | 51.12 | -16.2 | 2.12 | 48.25 | -13.47 | 0.04 | 0.0 | -20.0 | 52.30 | 14.79 | -3.86 | 30.99 | 10.13 | -8.8 | 44.19 | 142.77 | -6.28 | 55.86 | -31.71 | 5.7 | 11.90 | -22.27 | 1.54 |
| 24Q1 (18) | 0.70 | 42.86 | -5.41 | 18.04 | 64.3 | 23.56 | 7.38 | 147.65 | 93.19 | 40.51 | 114.79 | -0.54 | 39.49 | 120.98 | -1.89 | 1.78 | 45.9 | -17.59 | 1.43 | 43.0 | -14.88 | 0.04 | -20.0 | 0.0 | 45.56 | 101.68 | -0.76 | 28.14 | -4.29 | -16.4 | 18.20 | 15.62 | 93.62 | 81.80 | -2.92 | -9.72 | 15.31 | 44.71 | 1.06 |
| 23Q4 (17) | 0.49 | -27.94 | 19.51 | 10.98 | -25.15 | 7.23 | 2.98 | 28.45 | 344.78 | 18.86 | -53.36 | -7.78 | 17.87 | -54.58 | -10.69 | 1.22 | -34.76 | 2.52 | 1.00 | -32.89 | 4.17 | 0.05 | 25.0 | 0.0 | 22.59 | -51.01 | -10.57 | 29.40 | 4.93 | -4.67 | 15.74 | 176.01 | 372.32 | 84.26 | -10.65 | -12.84 | 10.58 | -35.72 | -17.79 |
| 23Q3 (16) | 0.68 | -12.82 | 54.55 | 14.67 | -54.9 | 55.9 | 2.32 | -90.21 | 217.77 | 40.44 | -19.49 | 64.52 | 39.34 | -18.53 | 60.9 | 1.87 | -41.74 | 44.96 | 1.49 | -39.18 | 47.52 | 0.04 | -20.0 | 0.0 | 46.11 | -15.24 | 54.63 | 28.02 | -17.54 | -15.42 | 5.70 | -87.9 | 171.41 | 94.30 | 78.44 | -12.68 | 16.46 | 40.44 | 5.04 |
| 23Q2 (15) | 0.78 | 5.41 | -17.89 | 32.53 | 122.81 | -21.5 | 23.69 | 520.16 | -31.19 | 50.23 | 23.32 | -9.1 | 48.29 | 19.98 | -10.72 | 3.21 | 48.61 | -20.35 | 2.45 | 45.83 | -20.45 | 0.05 | 25.0 | -16.67 | 54.40 | 18.49 | -7.04 | 33.98 | 0.95 | -2.24 | 47.16 | 401.56 | -24.31 | 52.84 | -41.67 | 40.16 | 11.72 | -22.64 | 20.45 |
| 23Q1 (14) | 0.74 | 80.49 | -18.68 | 14.60 | 42.58 | -19.11 | 3.82 | 470.15 | -52.19 | 40.73 | 99.17 | -25.97 | 40.25 | 101.15 | -25.9 | 2.16 | 81.51 | -12.9 | 1.68 | 75.0 | -13.85 | 0.04 | -20.0 | 0.0 | 45.91 | 81.75 | -22.97 | 33.66 | 9.14 | 10.18 | 9.40 | 182.05 | -35.36 | 90.60 | -6.28 | 6.02 | 15.15 | 17.72 | 1.13 |
| 22Q4 (13) | 0.41 | -6.82 | 24.24 | 10.24 | 8.82 | -11.03 | 0.67 | 134.01 | -82.91 | 20.45 | -16.8 | 41.03 | 20.01 | -18.16 | 35.39 | 1.19 | -7.75 | 30.77 | 0.96 | -4.95 | 29.73 | 0.05 | 25.0 | 0.0 | 25.26 | -15.29 | 39.94 | 30.84 | -6.91 | 14.14 | 3.33 | 141.73 | -87.63 | 96.67 | -10.48 | 32.71 | 12.87 | -17.87 | 19.28 |
| 22Q3 (12) | 0.44 | -53.68 | -29.03 | 9.41 | -77.29 | -40.85 | -1.97 | -105.72 | -139.32 | 24.58 | -55.52 | -30.68 | 24.45 | -54.8 | -28.78 | 1.29 | -67.99 | -29.89 | 1.01 | -67.21 | -30.34 | 0.04 | -33.33 | 0.0 | 29.82 | -49.04 | -25.3 | 33.13 | -4.69 | 14.4 | -7.99 | -112.82 | -156.41 | 107.99 | 186.41 | 25.64 | 15.67 | 61.05 | 4.61 |
| 22Q2 (11) | 0.95 | 4.4 | -19.49 | 41.44 | 129.58 | 8.14 | 34.43 | 330.91 | 15.89 | 55.26 | 0.44 | -14.02 | 54.09 | -0.42 | -14.81 | 4.03 | 62.5 | -8.62 | 3.08 | 57.95 | -9.14 | 0.06 | 50.0 | 20.0 | 58.52 | -1.81 | -13.41 | 34.76 | 13.78 | 11.16 | 62.30 | 328.29 | 34.71 | 37.70 | -55.88 | -29.86 | 9.73 | -35.05 | -17.4 |
| 22Q1 (10) | 0.91 | 175.76 | -7.14 | 18.05 | 56.82 | -18.55 | 7.99 | 103.83 | -20.97 | 55.02 | 279.45 | -9.21 | 54.32 | 267.52 | -8.32 | 2.48 | 172.53 | -14.78 | 1.95 | 163.51 | -14.85 | 0.04 | -20.0 | 0.0 | 59.60 | 230.19 | -8.6 | 30.55 | 13.06 | -1.96 | 14.55 | -46.02 | -12.86 | 85.45 | 17.31 | 2.58 | 14.98 | 38.83 | -12.4 |
| 21Q4 (9) | 0.33 | -46.77 | -50.75 | 11.51 | -27.66 | -3.44 | 3.92 | -21.76 | 170.34 | 14.50 | -59.11 | -57.95 | 14.78 | -56.95 | -55.2 | 0.91 | -50.54 | -52.11 | 0.74 | -48.97 | -51.95 | 0.05 | 25.0 | 0.0 | 18.05 | -54.78 | -53.21 | 27.02 | -6.7 | 4.08 | 26.95 | 90.29 | 532.51 | 72.84 | -15.25 | -24.01 | 10.79 | -27.97 | -28.11 |
| 21Q3 (8) | 0.62 | -47.46 | -19.48 | 15.91 | -58.48 | -16.09 | 5.01 | -83.14 | -37.53 | 35.46 | -44.83 | -22.58 | 34.33 | -45.93 | -23.13 | 1.84 | -58.28 | -29.77 | 1.45 | -57.23 | -29.95 | 0.04 | -20.0 | -20.0 | 39.92 | -40.93 | -20.02 | 28.96 | -7.39 | 11.81 | 14.16 | -69.38 | -19.05 | 85.95 | 59.89 | 4.17 | 14.98 | 27.16 | -2.09 |
| 21Q2 (7) | 1.18 | 20.41 | 25.53 | 38.32 | 72.92 | 10.08 | 29.71 | 193.87 | 12.92 | 64.27 | 6.06 | 18.97 | 63.49 | 7.16 | 20.52 | 4.41 | 51.55 | 16.98 | 3.39 | 48.03 | 13.76 | 0.05 | 25.0 | -16.67 | 67.58 | 3.63 | 17.33 | 31.27 | 0.35 | 2.96 | 46.25 | 177.07 | -5.04 | 53.75 | -35.48 | 4.79 | 11.78 | -31.11 | 0 |
| 21Q1 (6) | 0.98 | 46.27 | 390.0 | 22.16 | 85.91 | 26.7 | 10.11 | 597.24 | 81.51 | 60.60 | 75.75 | 388.71 | 59.25 | 79.6 | 450.65 | 2.91 | 53.16 | 393.22 | 2.29 | 48.7 | 358.0 | 0.04 | -20.0 | 0.0 | 65.21 | 69.03 | 280.46 | 31.16 | 20.03 | 25.24 | 16.69 | 291.78 | -62.81 | 83.31 | -13.09 | 51.15 | 17.10 | 13.92 | -0.06 |
| 20Q4 (5) | 0.67 | -12.99 | 63.41 | 11.92 | -37.13 | -26.6 | 1.45 | -81.92 | -68.75 | 34.48 | -24.72 | 64.35 | 32.99 | -26.13 | 61.79 | 1.90 | -27.48 | 49.61 | 1.54 | -25.6 | 48.08 | 0.05 | 0.0 | 0.0 | 38.58 | -22.7 | 49.94 | 25.96 | 0.23 | 9.58 | 4.26 | -75.65 | -80.77 | 95.86 | 16.18 | 23.14 | 15.01 | -1.9 | 0.87 |
| 20Q3 (4) | 0.77 | -18.09 | 0.0 | 18.96 | -45.53 | 0.0 | 8.02 | -69.52 | 0.0 | 45.80 | -15.22 | 0.0 | 44.66 | -15.22 | 0.0 | 2.62 | -30.5 | 0.0 | 2.07 | -30.54 | 0.0 | 0.05 | -16.67 | 0.0 | 49.91 | -13.35 | 0.0 | 25.90 | -14.72 | 0.0 | 17.49 | -64.08 | 0.0 | 82.51 | 60.84 | 0.0 | 15.30 | 0 | 0.0 |
| 20Q2 (3) | 0.94 | 370.0 | 0.0 | 34.81 | 99.03 | 0.0 | 26.31 | 372.35 | 0.0 | 54.02 | 335.65 | 0.0 | 52.68 | 389.59 | 0.0 | 3.77 | 538.98 | 0.0 | 2.98 | 496.0 | 0.0 | 0.06 | 50.0 | 0.0 | 57.60 | 236.06 | 0.0 | 30.37 | 22.07 | 0.0 | 48.70 | 8.51 | 0.0 | 51.30 | -6.93 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.20 | -51.22 | 0.0 | 17.49 | 7.7 | 0.0 | 5.57 | 20.04 | 0.0 | 12.40 | -40.9 | 0.0 | 10.76 | -47.23 | 0.0 | 0.59 | -53.54 | 0.0 | 0.50 | -51.92 | 0.0 | 0.04 | -20.0 | 0.0 | 17.14 | -33.39 | 0.0 | 24.88 | 5.02 | 0.0 | 44.88 | 102.6 | 0.0 | 55.12 | -29.2 | 0.0 | 17.11 | 14.99 | 0.0 |
| 19Q4 (1) | 0.41 | 0.0 | 0.0 | 16.24 | 0.0 | 0.0 | 4.64 | 0.0 | 0.0 | 20.98 | 0.0 | 0.0 | 20.39 | 0.0 | 0.0 | 1.27 | 0.0 | 0.0 | 1.04 | 0.0 | 0.0 | 0.05 | 0.0 | 0.0 | 25.73 | 0.0 | 0.0 | 23.69 | 0.0 | 0.0 | 22.15 | 0.0 | 0.0 | 77.85 | 0.0 | 0.0 | 14.88 | 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) | 2.64 | 0.38 | 18.26 | -16.39 | 8.56 | -32.12 | 2.76 | -7.13 | 36.28 | -9.14 | 35.12 | -10.55 | 8.04 | -8.74 | 6.40 | -8.57 | 0.18 | 5.88 | 40.83 | -7.79 | 29.40 | -4.67 | 23.62 | -25.2 | 76.40 | 11.66 | 0.29 | 32.03 | 13.05 | 1.16 |
| 2022 (9) | 2.63 | -9.93 | 21.84 | -1.93 | 12.61 | -1.1 | 2.97 | -0.53 | 39.93 | -6.18 | 39.26 | -6.3 | 8.81 | -6.38 | 7.00 | -7.16 | 0.17 | -5.56 | 44.28 | -4.69 | 30.84 | 14.14 | 31.57 | 5.37 | 68.43 | -2.32 | 0.22 | 48.94 | 12.90 | -2.79 |
| 2021 (8) | 2.92 | 20.16 | 22.27 | 4.36 | 12.75 | 15.91 | 2.99 | -8.1 | 42.56 | 11.82 | 41.90 | 14.26 | 9.41 | 10.32 | 7.54 | 8.8 | 0.18 | -5.26 | 46.46 | 10.23 | 27.02 | 4.08 | 29.96 | 3.65 | 70.06 | -1.45 | 0.15 | -18.82 | 13.27 | -10.16 |
| 2020 (7) | 2.43 | -3.19 | 21.34 | -5.58 | 11.00 | -4.76 | 3.25 | -12.78 | 38.06 | -4.06 | 36.67 | -3.6 | 8.53 | -15.63 | 6.93 | -16.51 | 0.19 | -13.64 | 42.15 | -5.13 | 25.96 | 9.58 | 28.91 | -0.68 | 71.09 | 0.28 | 0.18 | -14.35 | 14.77 | 6.8 |
| 2019 (6) | 2.51 | 6.81 | 22.60 | 38.48 | 11.55 | 96.1 | 3.72 | -8.73 | 39.67 | -18.16 | 38.04 | -21.6 | 10.11 | 2.02 | 8.30 | -0.36 | 0.22 | 29.41 | 44.43 | -16.88 | 23.69 | 1.11 | 29.11 | 139.74 | 70.89 | -19.31 | 0.21 | 330.91 | 13.83 | 75.06 |
| 2018 (5) | 2.35 | -24.44 | 16.32 | -20.08 | 5.89 | -41.33 | 4.08 | -1.59 | 48.47 | -23.77 | 48.52 | -21.3 | 9.91 | -20.66 | 8.33 | -22.0 | 0.17 | 0.0 | 53.45 | -22.02 | 23.43 | 35.67 | 12.14 | -23.12 | 87.86 | 4.34 | 0.05 | -2.42 | 7.90 | 2.33 |
| 2017 (4) | 3.11 | 31.22 | 20.42 | -10.52 | 10.04 | -17.5 | 4.15 | 10.48 | 63.58 | 48.83 | 61.65 | 50.37 | 12.49 | 23.54 | 10.68 | 24.77 | 0.17 | -19.05 | 68.54 | 44.81 | 17.27 | -7.55 | 15.79 | -44.58 | 84.21 | 17.76 | 0.05 | 0 | 7.72 | -1.53 |
| 2016 (3) | 2.37 | 49.06 | 22.82 | 54.09 | 12.17 | 113.51 | 3.75 | 7.01 | 42.72 | 60.3 | 41.00 | 54.48 | 10.11 | 50.67 | 8.56 | 49.65 | 0.21 | 0.0 | 47.33 | 52.33 | 18.68 | -10.79 | 28.49 | 32.88 | 71.51 | -9.06 | 0.00 | 0 | 7.84 | 22.69 |
| 2015 (2) | 1.59 | -20.9 | 14.81 | 16.98 | 5.70 | 18.75 | 3.51 | 11.34 | 26.65 | -20.09 | 26.54 | -16.65 | 6.71 | -15.38 | 5.72 | -14.24 | 0.21 | 5.0 | 31.07 | -17.06 | 20.94 | 7.16 | 21.44 | 48.68 | 78.63 | -8.18 | 0.00 | 0 | 6.39 | 3.57 |
| 2014 (1) | 2.01 | 28.03 | 12.66 | 0 | 4.80 | 0 | 3.15 | 2.4 | 33.35 | 0 | 31.84 | 0 | 7.93 | 0 | 6.67 | 0 | 0.20 | -4.76 | 37.46 | 25.92 | 19.54 | -18.14 | 14.42 | -17.99 | 85.63 | 3.82 | 0.00 | 0 | 6.17 | 11.37 |
