- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q2 (20) | 0.49 | 172.22 | 96.0 | 17.75 | -4.77 | -6.58 | -5.80 | -136.73 | -176.32 | 10.96 | 173.32 | -2.23 | 10.12 | 147.43 | 182.68 | 1.37 | 211.36 | 92.96 | 0.85 | 142.86 | 73.47 | 0.07 | 16.67 | -36.36 | 18.78 | 36.38 | 11.52 | 87.40 | 10.14 | 6.65 | -54.00 | 10.0 | -179.92 | 154.00 | 0.43 | 374.83 | 20.77 | -18.1 | 41.77 |
| 24Q1 (19) | 0.18 | 28.57 | 20.0 | 18.64 | 63.22 | 93.36 | -2.45 | 38.13 | 52.88 | 4.01 | 79.02 | 27.71 | 4.09 | 229.84 | 519.7 | 0.44 | 144.44 | 340.0 | 0.35 | 75.0 | 105.88 | 0.06 | -33.33 | -25.0 | 13.77 | 47.43 | 35.0 | 79.35 | 4.42 | -16.57 | -60.00 | 67.0 | 63.57 | 153.33 | -45.59 | -42.07 | 25.36 | 39.57 | 29.45 |
| 23Q4 (18) | 0.14 | -91.41 | -50.0 | 11.42 | -39.35 | -51.83 | -3.96 | -184.8 | -139.32 | 2.24 | -88.87 | -48.39 | 1.24 | -94.78 | -67.71 | 0.18 | -96.2 | -76.32 | 0.20 | -92.81 | -58.33 | 0.09 | -18.18 | -10.0 | 9.34 | -63.47 | -6.88 | 75.99 | 5.16 | -25.24 | -181.82 | -880.06 | -178.7 | 281.82 | 267.47 | 315.07 | 18.17 | 8.74 | 16.7 |
| 23Q3 (17) | 1.63 | 552.0 | 7.95 | 18.83 | -0.89 | -9.82 | 4.67 | -38.55 | -57.43 | 20.13 | 79.57 | 9.58 | 23.74 | 563.13 | 73.16 | 4.74 | 567.61 | 6.76 | 2.78 | 467.35 | 22.47 | 0.11 | 0.0 | -31.25 | 25.57 | 51.84 | 17.46 | 72.26 | -11.82 | -30.27 | 23.31 | -65.5 | -60.82 | 76.69 | 136.47 | 89.3 | 16.71 | 14.06 | 53.87 |
| 23Q2 (16) | 0.25 | 66.67 | -79.51 | 19.00 | 97.1 | -20.77 | 7.60 | 246.15 | -40.58 | 11.21 | 257.01 | -45.74 | 3.58 | 442.42 | -76.81 | 0.71 | 610.0 | -80.11 | 0.49 | 188.24 | -74.21 | 0.11 | 37.5 | -8.33 | 16.84 | 65.1 | -33.54 | 81.95 | -13.84 | -20.61 | 67.57 | 141.02 | 9.53 | 32.43 | -87.75 | -15.35 | 14.65 | -25.22 | -4.68 |
| 23Q1 (15) | 0.15 | -46.43 | -76.92 | 9.64 | -59.34 | -44.76 | -5.20 | -151.64 | -269.93 | 3.14 | -27.65 | -75.96 | 0.66 | -82.81 | -93.45 | 0.10 | -86.84 | -94.92 | 0.17 | -64.58 | -84.4 | 0.08 | -20.0 | -20.0 | 10.20 | 1.69 | -45.51 | 95.11 | -6.43 | 9.54 | -164.71 | -171.29 | -810.84 | 264.71 | 302.01 | 244.54 | 19.59 | 25.82 | 13.11 |
| 22Q4 (14) | 0.28 | -81.46 | -22.22 | 23.71 | 13.55 | 25.32 | 10.07 | -8.2 | 30.95 | 4.34 | -76.37 | -33.74 | 3.84 | -71.99 | 11.3 | 0.76 | -82.88 | -26.92 | 0.48 | -78.85 | -15.79 | 0.10 | -37.5 | -33.33 | 10.03 | -53.93 | -0.2 | 101.65 | -1.91 | 5.17 | 231.03 | 288.38 | 96.22 | -131.03 | -423.44 | -638.56 | 15.57 | 43.37 | 23.28 |
| 22Q3 (13) | 1.51 | 23.77 | 4933.33 | 20.88 | -12.93 | 9.03 | 10.97 | -14.23 | 48.85 | 18.37 | -11.08 | 273.37 | 13.71 | -11.2 | 68450.0 | 4.44 | 24.37 | 44300.0 | 2.27 | 19.47 | 5575.0 | 0.16 | 33.33 | 6.67 | 21.77 | -14.09 | 159.79 | 103.63 | 0.39 | 11.25 | 59.49 | -3.57 | -60.63 | 40.51 | 5.75 | 179.26 | 10.86 | -29.34 | 3.04 |
| 22Q2 (12) | 1.22 | 87.69 | 69.44 | 23.98 | 37.42 | 20.38 | 12.79 | 317.97 | 42.59 | 20.66 | 58.19 | 120.02 | 15.44 | 53.33 | 118.7 | 3.57 | 81.22 | 73.3 | 1.90 | 74.31 | 63.79 | 0.12 | 20.0 | -25.0 | 25.34 | 35.36 | 95.22 | 103.23 | 18.89 | 14.0 | 61.69 | 166.23 | -35.44 | 38.31 | -50.13 | 762.01 | 15.37 | -11.26 | 23.65 |
| 22Q1 (11) | 0.65 | 80.56 | 160.0 | 17.45 | -7.77 | 5.25 | 3.06 | -60.21 | -37.55 | 13.06 | 99.39 | 160.68 | 10.07 | 191.88 | 280.0 | 1.97 | 89.42 | 203.08 | 1.09 | 91.23 | 165.85 | 0.10 | -33.33 | -23.08 | 18.72 | 86.27 | 98.1 | 86.83 | -10.16 | 6.93 | 23.17 | -80.32 | -76.24 | 76.83 | 533.04 | 2973.17 | 17.32 | 37.13 | 33.85 |
| 21Q4 (10) | 0.36 | 1100.0 | 111.76 | 18.92 | -1.2 | 25.88 | 7.69 | 4.34 | 262.74 | 6.55 | 33.13 | 122.03 | 3.45 | 17150.0 | 70.79 | 1.04 | 10300.0 | 96.23 | 0.57 | 1325.0 | 67.65 | 0.15 | 0.0 | 7.14 | 10.05 | 19.93 | 33.82 | 96.65 | 3.76 | 13.37 | 117.74 | -22.08 | 63.53 | -17.74 | 65.29 | -163.36 | 12.63 | 19.83 | 16.51 |
| 21Q3 (9) | 0.03 | -95.83 | -86.36 | 19.15 | -3.87 | 24.35 | 7.37 | -17.84 | 1183.82 | 4.92 | -47.6 | 707.41 | 0.02 | -99.72 | -99.12 | 0.01 | -99.51 | -98.21 | 0.04 | -96.55 | -88.24 | 0.15 | -6.25 | 25.0 | 8.38 | -35.44 | 135.39 | 93.15 | 2.87 | -2.9 | 151.11 | 58.14 | 81.33 | -51.11 | -1250.0 | -406.67 | 10.54 | -15.21 | -36.31 |
| 21Q2 (8) | 0.72 | 188.0 | 414.29 | 19.92 | 20.14 | 10.85 | 8.97 | 83.06 | 84.95 | 9.39 | 87.43 | 206.86 | 7.06 | 166.42 | 341.25 | 2.06 | 216.92 | 402.44 | 1.16 | 182.93 | 329.63 | 0.16 | 23.08 | 23.08 | 12.98 | 37.35 | 78.3 | 90.55 | 11.51 | -16.18 | 95.56 | -1.99 | -40.85 | 4.44 | 77.78 | 107.7 | 12.43 | -3.94 | 0 |
| 21Q1 (7) | 0.25 | 47.06 | -92.63 | 16.58 | 10.31 | 28.43 | 4.90 | 131.13 | 273.14 | 5.01 | 69.83 | -94.2 | 2.65 | 31.19 | -97.13 | 0.65 | 22.64 | -96.09 | 0.41 | 20.59 | -94.88 | 0.13 | -7.14 | 44.44 | 9.45 | 25.83 | -89.79 | 81.20 | -4.75 | -16.77 | 97.50 | 35.42 | 3025.0 | 2.50 | -91.07 | -97.58 | 12.94 | 19.37 | -22.0 |
| 20Q4 (6) | 0.17 | -22.73 | 200.0 | 15.03 | -2.4 | -3.22 | 2.12 | 411.76 | 472.97 | 2.95 | 464.2 | 186.76 | 2.02 | -10.62 | 167.33 | 0.53 | -5.36 | 165.43 | 0.34 | 0.0 | 225.93 | 0.14 | 16.67 | 16.67 | 7.51 | 110.96 | 410.88 | 85.25 | -11.13 | -31.05 | 72.00 | -13.6 | 772.0 | 28.00 | 68.0 | -74.71 | 10.84 | -34.5 | 0 |
| 20Q3 (5) | 0.22 | 57.14 | 0.0 | 15.40 | -14.3 | -17.29 | -0.68 | -114.02 | -114.23 | -0.81 | -126.47 | -121.72 | 2.26 | 41.25 | 9.18 | 0.56 | 36.59 | -9.68 | 0.34 | 25.93 | -5.56 | 0.12 | -7.69 | -7.69 | 3.56 | -51.1 | -55.5 | 95.93 | -11.2 | -22.71 | 83.33 | -48.41 | -35.61 | 16.67 | 128.89 | 156.67 | 16.55 | 0 | 36.1 |
| 20Q2 (4) | 0.14 | -95.87 | 0.0 | 17.97 | 39.19 | 0.0 | 4.85 | 271.38 | 0.0 | 3.06 | -96.45 | 0.0 | 1.60 | -98.27 | 0.0 | 0.41 | -97.53 | 0.0 | 0.27 | -96.63 | 0.0 | 0.13 | 44.44 | 0.0 | 7.28 | -92.13 | 0.0 | 108.03 | 10.73 | 0.0 | 161.54 | 4946.15 | 0.0 | -57.69 | -155.83 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (3) | 3.39 | 2094.12 | 0.0 | 12.91 | -16.87 | 0.0 | -2.83 | -864.86 | 0.0 | 86.31 | 2638.53 | 0.0 | 92.26 | 3175.33 | 0.0 | 16.63 | 2153.09 | 0.0 | 8.01 | 3066.67 | 0.0 | 0.09 | -25.0 | 0.0 | 92.55 | 6195.92 | 0.0 | 97.56 | -21.09 | 0.0 | -3.33 | 68.89 | 0.0 | 103.33 | -6.67 | 0.0 | 16.59 | 0 | 0.0 |
| 19Q4 (2) | -0.17 | -177.27 | 0.0 | 15.53 | -16.6 | 0.0 | 0.37 | -92.26 | 0.0 | -3.40 | -191.15 | 0.0 | -3.00 | -244.93 | 0.0 | -0.81 | -230.65 | 0.0 | -0.27 | -175.0 | 0.0 | 0.12 | -7.69 | 0.0 | 1.47 | -81.62 | 0.0 | 123.64 | -0.38 | 0.0 | -10.71 | -108.28 | 0.0 | 110.71 | 476.43 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q3 (1) | 0.22 | 0.0 | 0.0 | 18.62 | 0.0 | 0.0 | 4.78 | 0.0 | 0.0 | 3.73 | 0.0 | 0.0 | 2.07 | 0.0 | 0.0 | 0.62 | 0.0 | 0.0 | 0.36 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 8.00 | 0.0 | 0.0 | 124.11 | 0.0 | 0.0 | 129.41 | 0.0 | 0.0 | -29.41 | 0.0 | 0.0 | 12.16 | 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) | 2.18 | -40.6 | 15.20 | -29.43 | 1.40 | -85.45 | 4.74 | 27.86 | 9.95 | -32.91 | 8.06 | -28.48 | 5.63 | -47.43 | 3.40 | -40.25 | 0.37 | -22.92 | 16.17 | -16.99 | 75.99 | -25.24 | 14.04 | -78.32 | 85.96 | 144.08 | 0.22 | 48.1 | 17.10 | 19.83 |
| 2022 (9) | 3.67 | 171.85 | 21.54 | 15.0 | 9.62 | 31.24 | 3.71 | 15.09 | 14.83 | 126.41 | 11.27 | 235.42 | 10.71 | 181.1 | 5.69 | 161.01 | 0.48 | -18.64 | 19.48 | 90.05 | 101.65 | 5.17 | 64.78 | -42.04 | 35.22 | 0 | 0.15 | -23.84 | 14.27 | 17.74 |
| 2021 (8) | 1.35 | -65.56 | 18.73 | 20.53 | 7.33 | 495.93 | 3.22 | -18.28 | 6.55 | -63.51 | 3.36 | -82.51 | 3.81 | -79.92 | 2.18 | -77.29 | 0.59 | 22.92 | 10.25 | -54.83 | 96.65 | 13.37 | 111.76 | 1532.35 | -11.76 | 0 | 0.19 | 16.46 | 12.12 | -12.17 |
| 2020 (7) | 3.92 | 218.7 | 15.54 | -20.02 | 1.23 | -78.5 | 3.94 | 7.82 | 17.95 | 234.26 | 19.21 | 509.84 | 18.97 | 440.46 | 9.60 | 418.92 | 0.48 | 2.13 | 22.69 | 124.88 | 85.25 | -31.05 | 6.85 | -93.57 | 93.15 | 0 | 0.17 | -6.8 | 13.80 | 5.42 |
| 2019 (6) | 1.23 | -64.35 | 19.43 | 5.66 | 5.72 | -18.17 | 3.66 | 71.36 | 5.37 | -35.46 | 3.15 | -53.95 | 3.51 | -68.03 | 1.85 | -60.22 | 0.47 | -25.4 | 10.09 | -9.59 | 123.64 | -16.65 | 106.52 | 26.51 | -6.52 | 0 | 0.18 | -1.0 | 13.09 | 13.73 |
| 2018 (5) | 3.45 | 88.52 | 18.39 | -9.59 | 6.99 | -4.12 | 2.13 | -5.92 | 8.32 | 27.22 | 6.84 | 67.65 | 10.98 | 83.61 | 4.65 | 67.27 | 0.63 | 5.0 | 11.16 | 17.23 | 148.33 | -7.24 | 84.20 | -24.52 | 15.80 | 0 | 0.18 | 0 | 11.51 | -4.95 |
| 2017 (4) | 1.83 | 28.87 | 20.34 | -2.02 | 7.29 | -1.62 | 2.27 | -20.67 | 6.54 | 14.94 | 4.08 | 9.97 | 5.98 | 24.84 | 2.78 | 13.93 | 0.60 | 9.09 | 9.52 | 0.11 | 159.90 | 25.79 | 111.55 | -14.16 | -11.55 | 0 | 0.00 | 0 | 12.11 | -4.65 |
| 2016 (3) | 1.42 | -52.35 | 20.76 | 0.87 | 7.41 | 14.88 | 2.86 | 0.8 | 5.69 | -39.98 | 3.71 | -48.76 | 4.79 | -52.57 | 2.44 | -46.49 | 0.55 | -5.17 | 9.51 | -28.01 | 127.12 | -11.99 | 129.95 | 90.7 | -29.95 | 0 | 0.00 | 0 | 12.70 | -5.86 |
| 2015 (2) | 2.98 | 0.34 | 20.58 | -5.68 | 6.45 | -18.15 | 2.84 | 7.77 | 9.48 | 2.49 | 7.24 | 1.26 | 10.10 | -8.35 | 4.56 | -13.64 | 0.58 | -15.94 | 13.21 | 4.84 | 144.44 | 3.12 | 68.14 | -19.91 | 31.86 | 117.58 | 0.00 | 0 | 13.49 | 6.72 |
| 2014 (1) | 2.97 | 15.56 | 21.82 | 0 | 7.88 | 0 | 2.63 | -23.51 | 9.25 | 0 | 7.15 | 0 | 11.02 | 0 | 5.28 | 0 | 0.69 | 7.81 | 12.60 | -10.83 | 140.07 | 32.94 | 85.08 | 8.72 | 14.64 | -32.65 | 0.00 | 0 | 12.64 | -3.88 |
