- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | 0.76 | 55.1 | 90.0 | 17.48 | -14.27 | -13.08 | -0.56 | -105.13 | -107.78 | 8.76 | 138.04 | 53.68 | 8.29 | 134.18 | 56.42 | 3.09 | 52.97 | 83.93 | 1.75 | 53.51 | 80.41 | 0.19 | -32.14 | 11.76 | 14.70 | 108.22 | 28.83 | 88.92 | -17.79 | -1.97 | -6.35 | -102.13 | -104.99 | 106.35 | 153.85 | 489.95 | 10.93 | 43.06 | -13.67 |
| 23Q4 (19) | 0.49 | -47.87 | 137.12 | 20.39 | 5.76 | -0.63 | 10.92 | 126.09 | 11.66 | 3.68 | -71.63 | 121.81 | 3.54 | -64.02 | 122.42 | 2.02 | -49.25 | 137.62 | 1.14 | -44.93 | 145.97 | 0.28 | 40.0 | 75.0 | 7.06 | -59.59 | 161.93 | 108.16 | 15.83 | 16.93 | 297.50 | 701.6 | 615.98 | -197.50 | -414.06 | -225.27 | 7.64 | -26.82 | -5.68 |
| 23Q3 (18) | 0.94 | 361.11 | -24.19 | 19.28 | 3.1 | 51.81 | 4.83 | -47.61 | 1888.89 | 12.97 | 600.77 | -26.52 | 9.84 | 430.2 | -19.87 | 3.98 | 355.13 | -21.34 | 2.07 | 400.0 | -6.76 | 0.20 | -23.08 | 17.65 | 17.47 | 1979.76 | -20.63 | 93.38 | -16.39 | -22.55 | 37.11 | 110.54 | 2697.94 | 62.89 | -85.96 | -38.0 | 10.44 | 33.67 | 3.47 |
| 23Q2 (17) | -0.36 | -190.0 | -127.07 | 18.70 | -7.01 | 38.01 | 9.22 | 28.06 | 723.21 | -2.59 | -145.44 | -121.42 | -2.98 | -156.23 | -128.88 | -1.56 | -192.86 | -126.9 | -0.69 | -171.13 | -131.65 | 0.26 | 52.94 | 30.0 | 0.84 | -92.64 | -94.59 | 111.69 | 23.13 | -28.68 | -352.00 | -376.57 | -4036.0 | 448.00 | 1742.67 | 392.0 | 7.81 | -38.31 | -12.74 |
| 23Q1 (16) | 0.40 | 130.3 | -81.82 | 20.11 | -2.0 | 44.68 | 7.20 | -26.38 | 17.46 | 5.70 | 133.79 | -55.54 | 5.30 | 133.57 | -51.47 | 1.68 | 131.28 | -82.91 | 0.97 | 139.11 | -71.47 | 0.17 | 6.25 | -43.33 | 11.41 | 200.09 | -23.98 | 90.71 | -1.94 | -54.69 | 127.27 | 320.74 | 166.35 | -27.27 | -117.3 | -152.23 | 12.66 | 56.3 | 76.57 |
| 22Q4 (15) | -1.32 | -206.45 | -211.86 | 20.52 | 61.57 | 68.89 | 9.78 | 3722.22 | 61.39 | -16.87 | -195.58 | -391.36 | -15.79 | -228.58 | -396.25 | -5.37 | -206.13 | -199.63 | -2.48 | -211.71 | -230.53 | 0.16 | -5.88 | -52.94 | -11.40 | -151.79 | -257.24 | 92.50 | -23.28 | -52.28 | -57.66 | -3936.04 | -155.46 | 157.66 | 55.44 | 3284.68 | 8.10 | -19.72 | 23.48 |
| 22Q3 (14) | 1.24 | -6.77 | -14.48 | 12.70 | -6.27 | -3.93 | -0.27 | -124.11 | -103.26 | 17.65 | 45.99 | 111.63 | 12.28 | 18.99 | 90.98 | 5.06 | -12.76 | -22.98 | 2.22 | 1.83 | -12.6 | 0.17 | -15.0 | -56.41 | 22.01 | 41.82 | 131.44 | 120.57 | -23.01 | -37.27 | -1.43 | -115.97 | -101.44 | 101.43 | 11.39 | 14911.43 | 10.09 | 12.74 | 56.19 |
| 22Q2 (13) | 1.33 | -39.55 | 850.0 | 13.55 | -2.52 | 34.03 | 1.12 | -81.73 | -71.93 | 12.09 | -5.69 | 1258.43 | 10.32 | -5.49 | 1240.26 | 5.80 | -41.0 | 866.67 | 2.18 | -35.88 | 651.72 | 0.20 | -33.33 | -39.39 | 15.52 | 3.4 | 560.43 | 156.61 | -21.77 | 15.28 | 8.94 | -81.28 | -98.08 | 91.06 | 74.38 | 124.83 | 8.95 | 24.83 | 30.85 |
| 22Q1 (12) | 2.20 | 86.44 | 113.59 | 13.90 | 14.4 | -7.58 | 6.13 | 1.16 | -9.32 | 12.82 | 121.42 | 49.42 | 10.92 | 104.88 | 71.7 | 9.83 | 82.37 | 112.31 | 3.40 | 78.95 | 65.85 | 0.30 | -11.76 | -6.25 | 15.01 | 107.03 | 47.74 | 200.19 | 3.28 | 46.23 | 47.78 | -54.04 | -39.58 | 52.22 | 1154.78 | 149.73 | 7.17 | 9.3 | -7.0 |
| 21Q4 (11) | 1.18 | -18.62 | -26.25 | 12.15 | -8.09 | -37.14 | 6.06 | -26.72 | -51.4 | 5.79 | -30.58 | -37.61 | 5.33 | -17.11 | -36.01 | 5.39 | -17.96 | -29.08 | 1.90 | -25.2 | -43.62 | 0.34 | -12.82 | -15.0 | 7.25 | -23.76 | -31.08 | 193.84 | 0.84 | 56.37 | 103.96 | 4.67 | -22.58 | -4.95 | -832.67 | 85.56 | 6.56 | 1.55 | -3.53 |
| 21Q3 (10) | 1.45 | 935.71 | -0.68 | 13.22 | 30.76 | -34.1 | 8.27 | 107.27 | -36.87 | 8.34 | 837.08 | -18.4 | 6.43 | 735.06 | -18.61 | 6.57 | 995.0 | -11.57 | 2.54 | 775.86 | -22.56 | 0.39 | 18.18 | -4.88 | 9.51 | 304.68 | -17.3 | 192.22 | 41.49 | 45.05 | 99.32 | -78.72 | -22.63 | 0.68 | 100.18 | 102.38 | 6.46 | -5.56 | -9.14 |
| 21Q2 (9) | 0.14 | -86.41 | -87.83 | 10.11 | -32.78 | -52.91 | 3.99 | -40.98 | -71.62 | 0.89 | -89.63 | -92.25 | 0.77 | -87.89 | -89.81 | 0.60 | -87.04 | -90.4 | 0.29 | -85.85 | -89.75 | 0.33 | 3.13 | -10.81 | 2.35 | -76.87 | -82.1 | 135.85 | -0.77 | 7.54 | 466.67 | 490.04 | 280.56 | -366.67 | -1853.62 | -1520.43 | 6.84 | -11.28 | 0 |
| 21Q1 (8) | 1.03 | -35.62 | -35.22 | 15.04 | -22.19 | -26.17 | 6.76 | -45.79 | -45.7 | 8.58 | -7.54 | -42.03 | 6.36 | -23.65 | -43.62 | 4.63 | -39.08 | -50.53 | 2.05 | -39.17 | -49.88 | 0.32 | -20.0 | -11.11 | 10.16 | -3.42 | -38.87 | 136.90 | 10.44 | 11.66 | 79.09 | -41.1 | -6.12 | 20.91 | 160.98 | 32.69 | 7.71 | 13.38 | -5.17 |
| 20Q4 (7) | 1.60 | 9.59 | 142.42 | 19.33 | -3.64 | -4.83 | 12.47 | -4.81 | 33.37 | 9.28 | -9.2 | 4.86 | 8.33 | 5.44 | 40.24 | 7.60 | 2.29 | 82.69 | 3.37 | 2.74 | 95.93 | 0.40 | -2.44 | 48.15 | 10.52 | -8.52 | -7.64 | 123.96 | -6.46 | -13.17 | 134.29 | 4.6 | 27.74 | -34.29 | -20.82 | -568.57 | 6.80 | -4.36 | 0 |
| 20Q3 (6) | 1.46 | 26.96 | 11.45 | 20.06 | -6.57 | 8.61 | 13.10 | -6.83 | 15.93 | 10.22 | -11.05 | -8.09 | 7.90 | 4.5 | -8.88 | 7.43 | 18.88 | -14.99 | 3.28 | 15.9 | 5.13 | 0.41 | 10.81 | 17.14 | 11.50 | -12.41 | -9.87 | 132.52 | 4.91 | -22.88 | 128.38 | 4.69 | 26.46 | -28.38 | -25.41 | -1772.97 | 7.11 | 0 | -10.23 |
| 20Q2 (5) | 1.15 | -27.67 | 76.92 | 21.47 | 5.4 | 14.94 | 14.06 | 12.93 | 18.35 | 11.49 | -22.36 | 106.65 | 7.56 | -32.98 | 79.57 | 6.25 | -33.23 | 38.89 | 2.83 | -30.81 | 67.46 | 0.37 | 2.78 | -5.13 | 13.13 | -21.0 | 82.11 | 126.32 | 3.03 | -36.04 | 122.63 | 45.57 | -42.49 | -22.63 | -243.6 | 80.02 | 0.00 | -100.0 | -100.0 |
| 20Q1 (4) | 1.59 | 140.91 | 0.0 | 20.37 | 0.3 | 0.0 | 12.45 | 33.16 | 0.0 | 14.80 | 67.23 | 0.0 | 11.28 | 89.9 | 0.0 | 9.36 | 125.0 | 0.0 | 4.09 | 137.79 | 0.0 | 0.36 | 33.33 | 0.0 | 16.62 | 45.92 | 0.0 | 122.60 | -14.12 | 0.0 | 84.24 | -19.87 | 0.0 | 15.76 | 407.27 | 0.0 | 8.13 | 0 | 0.0 |
| 19Q4 (3) | 0.66 | -49.62 | 0.0 | 20.31 | 9.96 | 0.0 | 9.35 | -17.26 | 0.0 | 8.85 | -20.41 | 0.0 | 5.94 | -31.49 | 0.0 | 4.16 | -52.4 | 0.0 | 1.72 | -44.87 | 0.0 | 0.27 | -22.86 | 0.0 | 11.39 | -10.74 | 0.0 | 142.76 | -16.92 | 0.0 | 105.13 | 3.56 | 0.0 | -5.13 | -238.46 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q3 (2) | 1.31 | 101.54 | 0.0 | 18.47 | -1.12 | 0.0 | 11.30 | -4.88 | 0.0 | 11.12 | 100.0 | 0.0 | 8.67 | 105.94 | 0.0 | 8.74 | 94.22 | 0.0 | 3.12 | 84.62 | 0.0 | 0.35 | -10.26 | 0.0 | 12.76 | 76.98 | 0.0 | 171.83 | -12.99 | 0.0 | 101.52 | -52.39 | 0.0 | -1.52 | 98.66 | 0.0 | 7.92 | 18.39 | 0.0 |
| 19Q2 (1) | 0.65 | 0.0 | 0.0 | 18.68 | 0.0 | 0.0 | 11.88 | 0.0 | 0.0 | 5.56 | 0.0 | 0.0 | 4.21 | 0.0 | 0.0 | 4.50 | 0.0 | 0.0 | 1.69 | 0.0 | 0.0 | 0.39 | 0.0 | 0.0 | 7.21 | 0.0 | 0.0 | 197.49 | 0.0 | 0.0 | 213.24 | 0.0 | 0.0 | -113.24 | 0.0 | 0.0 | 6.69 | 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) | 1.46 | -57.68 | 19.62 | 33.92 | 8.44 | 100.48 | 3.08 | 20.1 | 4.33 | -50.63 | 3.41 | -49.18 | 6.08 | -59.28 | 3.43 | -47.95 | 0.89 | -3.26 | 8.38 | -31.48 | 108.16 | 16.93 | 195.21 | 306.39 | -95.21 | 0 | 0.55 | -37.59 | 9.18 | 10.07 |
| 2022 (9) | 3.45 | -9.21 | 14.65 | 16.36 | 4.21 | -33.91 | 2.56 | 152.4 | 8.77 | 46.66 | 6.71 | 39.21 | 14.93 | -13.15 | 6.59 | -3.23 | 0.92 | -32.85 | 12.23 | 65.27 | 92.50 | -52.28 | 48.03 | -54.88 | 51.97 | 0 | 0.89 | 15.11 | 8.34 | 22.11 |
| 2021 (8) | 3.80 | -34.37 | 12.59 | -37.77 | 6.37 | -51.0 | 1.02 | -4.38 | 5.98 | -46.65 | 4.82 | -44.34 | 17.19 | -43.68 | 6.81 | -48.91 | 1.37 | -9.87 | 7.40 | -41.5 | 193.84 | 56.37 | 106.47 | -8.14 | -6.47 | 0 | 0.77 | -35.74 | 6.83 | -6.95 |
| 2020 (7) | 5.79 | 81.5 | 20.23 | 10.31 | 13.00 | 31.31 | 1.06 | -25.64 | 11.21 | 40.48 | 8.66 | 44.57 | 30.52 | 44.85 | 13.33 | 51.82 | 1.52 | 7.04 | 12.65 | 27.39 | 123.96 | -13.17 | 115.91 | -6.66 | -16.07 | 0 | 1.20 | -32.46 | 7.34 | -8.48 |
| 2019 (6) | 3.19 | 219.0 | 18.34 | 37.38 | 9.90 | 644.36 | 1.43 | 11.52 | 7.98 | 188.09 | 5.99 | 173.52 | 21.07 | 201.86 | 8.78 | 196.62 | 1.42 | 12.7 | 9.93 | 112.18 | 142.76 | -6.66 | 124.18 | 158.71 | -23.88 | 0 | 1.77 | -20.98 | 8.02 | 2.43 |
| 2018 (5) | 1.00 | -41.52 | 13.35 | -17.69 | 1.33 | -81.81 | 1.28 | 6.35 | 2.77 | -43.81 | 2.19 | -40.81 | 6.98 | -37.4 | 2.96 | -42.07 | 1.26 | -5.26 | 4.68 | -30.25 | 152.94 | 0.59 | 48.00 | -67.64 | 52.00 | 0 | 2.24 | -8.99 | 7.83 | 3.16 |
| 2017 (4) | 1.71 | -60.87 | 16.22 | -25.18 | 7.31 | -40.18 | 1.20 | 18.04 | 4.93 | -58.88 | 3.70 | -62.09 | 11.15 | -60.02 | 5.11 | -64.22 | 1.33 | -7.64 | 6.71 | -50.77 | 152.05 | 44.64 | 148.33 | 45.58 | -48.33 | 0 | 2.47 | 0 | 7.59 | -14.81 |
| 2016 (3) | 4.37 | 21.73 | 21.68 | 1.88 | 12.22 | 18.53 | 1.02 | -24.44 | 11.99 | -2.52 | 9.76 | -0.41 | 27.89 | 9.93 | 14.28 | 7.85 | 1.44 | 9.09 | 13.63 | -6.26 | 105.12 | 16.24 | 101.89 | 21.38 | -1.89 | 0 | 0.00 | 0 | 8.91 | -12.13 |
| 2015 (2) | 3.59 | 74.27 | 21.28 | 39.36 | 10.31 | 98.65 | 1.35 | -13.57 | 12.30 | 69.19 | 9.80 | 62.25 | 25.37 | 49.76 | 13.24 | 51.83 | 1.32 | -4.35 | 14.54 | 48.07 | 90.43 | -11.0 | 83.94 | 16.92 | 16.34 | -43.11 | 0.00 | 0 | 10.14 | 5.52 |
| 2014 (1) | 2.06 | 0 | 15.27 | 0 | 5.19 | 0 | 1.56 | -44.77 | 7.27 | 0 | 6.04 | 0 | 16.94 | 0 | 8.72 | 0 | 1.38 | 22.12 | 9.82 | 350.46 | 101.61 | -2.47 | 71.79 | -35.38 | 28.72 | 0 | 0.00 | 0 | 9.61 | -26.36 |
