- 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) | 0.15 | -31.82 | -48.28 | 41.21 | 1.18 | -2.71 | 7.96 | 5.71 | -9.13 | 5.97 | -48.13 | -59.77 | 4.80 | -37.17 | -53.31 | 0.57 | -30.49 | -46.73 | 0.50 | 2.04 | -34.21 | 0.07 | 16.67 | 16.67 | 16.43 | -12.61 | -35.08 | 79.58 | 11.97 | 16.19 | 129.41 | 97.52 | 121.85 | -35.29 | -202.35 | -184.71 | 29.91 | -22.93 | -15.17 |
| 24Q2 (19) | 0.22 | -46.34 | -56.0 | 40.73 | 2.59 | -12.6 | 7.53 | -16.15 | -53.89 | 11.51 | -28.29 | -45.53 | 7.64 | -45.78 | -50.39 | 0.82 | -46.41 | -57.07 | 0.49 | -52.88 | -58.12 | 0.06 | 0.0 | -14.29 | 18.80 | -26.53 | -36.74 | 71.07 | -1.47 | -6.02 | 65.52 | 16.79 | -16.36 | 34.48 | -21.46 | 47.78 | 38.81 | 10.95 | 9.63 |
| 24Q1 (18) | 0.41 | 510.0 | -4.65 | 39.70 | -6.5 | -7.03 | 8.98 | 351.26 | -38.24 | 16.05 | 2268.92 | 2.88 | 14.09 | 499.15 | 16.54 | 1.53 | 537.14 | -3.16 | 1.04 | 485.19 | 9.47 | 0.06 | 0.0 | -14.29 | 25.59 | 302.36 | 10.64 | 72.13 | 4.9 | -11.07 | 56.10 | 122.44 | -40.16 | 43.90 | -85.37 | 602.44 | 34.98 | -4.87 | 6.13 |
| 23Q4 (17) | -0.10 | -134.48 | -109.43 | 42.46 | 0.24 | -7.09 | 1.99 | -77.28 | -92.42 | -0.74 | -104.99 | -102.64 | -3.53 | -134.34 | -113.93 | -0.35 | -132.71 | -109.16 | -0.27 | -135.53 | -112.11 | 0.06 | 0.0 | -33.33 | 6.36 | -74.87 | -80.6 | 68.76 | 0.39 | 2.15 | -250.00 | -528.57 | -365.46 | 300.00 | 620.0 | 5050.0 | 36.77 | 4.28 | 36.84 |
| 23Q3 (16) | 0.29 | -42.0 | -71.29 | 42.36 | -9.1 | -0.63 | 8.76 | -46.36 | -61.53 | 14.84 | -29.77 | -51.36 | 10.28 | -33.25 | -51.69 | 1.07 | -43.98 | -71.24 | 0.76 | -35.04 | -66.96 | 0.06 | -14.29 | -40.0 | 25.31 | -14.84 | -30.81 | 68.49 | -9.43 | 5.83 | 58.33 | -25.53 | -21.61 | 41.67 | 78.57 | 62.88 | 35.26 | -0.4 | 8.63 |
| 23Q2 (15) | 0.50 | 16.28 | -55.36 | 46.60 | 9.13 | 5.07 | 16.33 | 12.31 | -32.83 | 21.13 | 35.45 | -16.08 | 15.40 | 27.38 | -23.27 | 1.91 | 20.89 | -51.52 | 1.17 | 23.16 | -50.84 | 0.07 | 0.0 | -41.67 | 29.72 | 28.49 | -2.65 | 75.62 | -6.77 | 8.14 | 78.33 | -16.44 | -18.82 | 23.33 | 273.33 | 565.0 | 35.40 | 7.4 | 21.4 |
| 23Q1 (14) | 0.43 | -59.43 | -52.22 | 42.70 | -6.56 | 4.22 | 14.54 | -44.63 | -21.91 | 15.60 | -44.27 | -34.51 | 12.09 | -52.29 | -34.72 | 1.58 | -58.64 | -50.78 | 0.95 | -57.4 | -52.02 | 0.07 | -22.22 | -30.0 | 23.13 | -29.46 | -23.61 | 81.11 | 20.5 | 13.62 | 93.75 | -0.45 | 20.72 | 6.25 | 7.29 | -70.62 | 32.96 | 22.66 | 1.1 |
| 22Q4 (13) | 1.06 | 4.95 | 39.47 | 45.70 | 7.2 | 11.03 | 26.26 | 15.33 | -7.47 | 27.99 | -8.26 | 11.65 | 25.34 | 19.08 | 88.54 | 3.82 | 2.69 | 40.44 | 2.23 | -3.04 | 44.81 | 0.09 | -10.0 | -25.0 | 32.79 | -10.36 | 13.54 | 67.31 | 4.0 | 1.82 | 94.17 | 26.55 | -17.42 | 5.83 | -77.23 | 144.27 | 26.87 | -17.22 | 19.96 |
| 22Q3 (12) | 1.01 | -9.82 | -16.53 | 42.63 | -3.88 | 3.7 | 22.77 | -6.33 | -15.13 | 30.51 | 21.17 | 18.49 | 21.28 | 6.03 | 7.15 | 3.72 | -5.58 | -16.96 | 2.30 | -3.36 | -15.13 | 0.10 | -16.67 | -23.08 | 36.58 | 19.82 | 19.19 | 64.72 | -7.45 | -5.88 | 74.42 | -22.88 | -28.4 | 25.58 | 629.07 | 749.77 | 32.46 | 11.32 | 42.74 |
| 22Q2 (11) | 1.12 | 24.44 | 8.74 | 44.35 | 8.25 | 4.75 | 24.31 | 30.56 | -6.03 | 25.18 | 5.71 | 4.27 | 20.07 | 8.37 | 18.06 | 3.94 | 22.74 | -1.01 | 2.38 | 20.2 | -0.42 | 0.12 | 20.0 | -14.29 | 30.53 | 0.83 | 3.88 | 69.93 | -2.05 | -2.47 | 96.49 | 24.25 | -10.35 | 3.51 | -83.51 | 151.75 | 29.16 | -10.55 | 9.21 |
| 22Q1 (10) | 0.90 | 18.42 | 9.76 | 40.97 | -0.46 | -2.68 | 18.62 | -34.39 | -18.05 | 23.82 | -4.99 | 13.59 | 18.52 | 37.8 | 16.62 | 3.21 | 18.01 | 0.63 | 1.98 | 28.57 | 0.51 | 0.10 | -16.67 | -16.67 | 30.28 | 4.85 | 11.28 | 71.39 | 7.99 | -0.36 | 77.66 | -31.9 | -28.06 | 21.28 | 261.7 | 367.48 | 32.60 | 45.54 | 9.8 |
| 21Q4 (9) | 0.76 | -37.19 | 5.56 | 41.16 | 0.12 | 5.67 | 28.38 | 5.78 | 21.85 | 25.07 | -2.64 | 15.21 | 13.44 | -32.33 | -18.3 | 2.72 | -39.29 | -2.16 | 1.54 | -43.17 | -4.35 | 0.12 | -7.69 | 20.0 | 28.88 | -5.9 | 4.03 | 66.11 | -3.85 | 0.05 | 114.04 | 9.72 | 7.08 | -13.16 | -234.21 | -102.63 | 22.40 | -1.5 | 14.81 |
| 21Q3 (8) | 1.21 | 17.48 | 108.62 | 41.11 | -2.91 | 3.58 | 26.83 | 3.71 | 41.81 | 25.75 | 6.63 | 46.39 | 19.86 | 16.82 | 47.0 | 4.48 | 12.56 | 93.94 | 2.71 | 13.39 | 92.2 | 0.13 | -7.14 | 30.0 | 30.69 | 4.42 | 21.02 | 68.76 | -4.1 | -4.87 | 103.94 | -3.43 | -3.94 | -3.94 | 41.93 | 51.97 | 22.74 | -14.83 | -18.2 |
| 21Q2 (7) | 1.03 | 25.61 | 53.73 | 42.34 | 0.57 | 3.42 | 25.87 | 13.86 | 30.85 | 24.15 | 15.16 | 34.02 | 17.00 | 7.05 | 22.66 | 3.98 | 24.76 | 48.51 | 2.39 | 21.32 | 45.73 | 0.14 | 16.67 | 27.27 | 29.39 | 8.01 | 18.46 | 71.70 | 0.07 | -8.18 | 107.63 | -0.3 | -0.76 | -6.78 | 14.77 | 31.23 | 26.70 | -10.07 | -4.16 |
| 21Q1 (6) | 0.82 | 13.89 | 51.85 | 42.10 | 8.09 | -6.26 | 22.72 | -2.45 | 29.02 | 20.97 | -3.63 | 14.72 | 15.88 | -3.47 | 5.03 | 3.19 | 14.75 | 47.69 | 1.97 | 22.36 | 39.72 | 0.12 | 20.0 | 33.33 | 27.21 | -1.98 | -1.38 | 71.65 | 8.43 | 4.55 | 107.95 | 1.37 | 12.19 | -7.95 | -22.5 | -310.8 | 29.69 | 52.18 | -13.49 |
| 20Q4 (5) | 0.72 | 24.14 | 33.33 | 38.95 | -1.86 | -15.29 | 23.29 | 23.1 | 25.69 | 21.76 | 23.71 | 64.72 | 16.45 | 21.76 | 13.37 | 2.78 | 20.35 | 28.11 | 1.61 | 14.18 | 21.05 | 0.10 | 0.0 | 11.11 | 27.76 | 9.46 | 26.18 | 66.08 | -8.58 | 3.28 | 106.49 | -1.57 | -23.93 | -6.49 | 20.78 | 83.77 | 19.51 | -29.82 | -10.71 |
| 20Q3 (4) | 0.58 | -13.43 | 0.0 | 39.69 | -3.05 | 0.0 | 18.92 | -4.3 | 0.0 | 17.59 | -2.39 | 0.0 | 13.51 | -2.53 | 0.0 | 2.31 | -13.81 | 0.0 | 1.41 | -14.02 | 0.0 | 0.10 | -9.09 | 0.0 | 25.36 | 2.22 | 0.0 | 72.28 | -7.44 | 0.0 | 108.20 | -0.23 | 0.0 | -8.20 | 16.86 | 0.0 | 27.80 | -0.22 | 0.0 |
| 20Q2 (3) | 0.67 | 24.07 | 0.0 | 40.94 | -8.84 | 0.0 | 19.77 | 12.27 | 0.0 | 18.02 | -1.42 | 0.0 | 13.86 | -8.33 | 0.0 | 2.68 | 24.07 | 0.0 | 1.64 | 16.31 | 0.0 | 0.11 | 22.22 | 0.0 | 24.81 | -10.08 | 0.0 | 78.09 | 13.95 | 0.0 | 108.45 | 12.7 | 0.0 | -9.86 | -361.27 | 0.0 | 27.86 | -18.82 | 0.0 |
| 20Q1 (2) | 0.54 | 0.0 | 0.0 | 44.91 | -2.33 | 0.0 | 17.61 | -4.96 | 0.0 | 18.28 | 38.38 | 0.0 | 15.12 | 4.2 | 0.0 | 2.16 | -0.46 | 0.0 | 1.41 | 6.02 | 0.0 | 0.09 | 0.0 | 0.0 | 27.59 | 25.41 | 0.0 | 68.53 | 7.11 | 0.0 | 96.23 | -31.27 | 0.0 | 3.77 | 109.43 | 0.0 | 34.32 | 57.07 | 0.0 |
| 19Q4 (1) | 0.54 | 0.0 | 0.0 | 45.98 | 0.0 | 0.0 | 18.53 | 0.0 | 0.0 | 13.21 | 0.0 | 0.0 | 14.51 | 0.0 | 0.0 | 2.17 | 0.0 | 0.0 | 1.33 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 22.00 | 0.0 | 0.0 | 63.98 | 0.0 | 0.0 | 140.00 | 0.0 | 0.0 | -40.00 | 0.0 | 0.0 | 21.85 | 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) | 1.12 | -71.36 | 43.61 | 0.48 | 10.94 | -52.39 | 6.51 | 42.04 | 13.30 | -50.48 | 9.12 | -56.98 | 4.11 | -72.1 | 2.67 | -70.33 | 0.27 | -35.71 | 21.77 | -33.06 | 68.76 | 2.15 | 82.52 | -3.66 | 17.48 | 21.82 | 1.59 | -9.05 | 34.97 | 15.34 |
| 2022 (9) | 3.91 | 2.36 | 43.40 | 4.15 | 22.98 | -11.72 | 4.58 | 10.56 | 26.86 | 11.5 | 21.20 | 27.48 | 14.73 | 4.91 | 9.00 | 4.65 | 0.42 | -17.65 | 32.52 | 11.41 | 67.31 | 1.82 | 85.65 | -20.73 | 14.35 | 0 | 1.75 | -16.88 | 30.32 | 19.98 |
| 2021 (8) | 3.82 | 52.19 | 41.67 | 1.76 | 26.03 | 30.15 | 4.15 | -27.46 | 24.09 | 27.33 | 16.63 | 13.13 | 14.04 | 42.97 | 8.60 | 38.26 | 0.51 | 27.5 | 29.19 | 11.12 | 66.11 | 0.05 | 108.05 | 2.18 | -8.05 | 0 | 2.11 | -27.52 | 25.27 | -6.65 |
| 2020 (7) | 2.51 | 16.74 | 40.95 | -8.45 | 20.00 | 7.7 | 5.72 | -16.5 | 18.92 | 10.71 | 14.70 | 9.46 | 9.82 | 11.34 | 6.22 | 9.89 | 0.40 | 0.0 | 26.27 | 4.12 | 66.08 | 3.28 | 105.75 | -2.99 | -5.75 | 0 | 2.91 | -20.24 | 27.07 | -7.71 |
| 2019 (6) | 2.15 | -66.41 | 44.73 | -5.91 | 18.57 | -36.19 | 6.85 | 69.44 | 17.09 | -41.73 | 13.43 | -40.76 | 8.82 | -67.57 | 5.66 | -65.57 | 0.40 | -43.66 | 25.23 | -26.34 | 63.98 | -5.56 | 109.01 | 9.91 | -8.56 | 0 | 3.64 | -5.33 | 29.33 | 18.84 |
| 2018 (5) | 6.40 | 58.81 | 47.54 | 13.57 | 29.10 | 30.26 | 4.04 | -41.06 | 29.33 | 45.41 | 22.67 | 41.86 | 27.20 | 65.15 | 16.44 | 60.39 | 0.71 | 14.52 | 34.25 | 22.5 | 67.75 | -6.55 | 99.18 | -10.65 | 0.82 | 0 | 3.85 | 0 | 24.68 | -0.84 |
| 2017 (4) | 4.03 | 177.93 | 41.86 | 15.96 | 22.34 | 76.6 | 6.85 | -42.9 | 20.17 | 87.98 | 15.98 | 83.47 | 16.47 | 157.75 | 10.25 | 138.93 | 0.62 | 40.91 | 27.96 | 15.97 | 72.50 | 17.52 | 111.00 | -6.01 | -10.67 | 0 | 0.00 | 0 | 24.89 | -8.39 |
| 2016 (3) | 1.45 | 15.08 | 36.10 | 20.41 | 12.65 | 34.43 | 12.00 | -5.63 | 10.73 | 34.63 | 8.71 | 25.69 | 6.39 | 17.68 | 4.29 | 19.17 | 0.44 | 2.33 | 24.11 | 7.16 | 61.69 | -14.91 | 118.10 | -0.36 | -18.10 | 0 | 0.00 | 0 | 27.17 | 11.58 |
| 2015 (2) | 1.26 | 260.0 | 29.98 | 26.55 | 9.41 | 144.42 | 12.72 | -10.16 | 7.97 | 154.63 | 6.93 | 239.71 | 5.43 | 248.08 | 3.60 | 151.75 | 0.43 | 7.5 | 22.50 | 16.76 | 72.50 | -22.4 | 118.52 | -2.75 | -18.52 | 0 | 0.00 | 0 | 24.35 | 2.35 |
| 2014 (1) | 0.35 | -66.67 | 23.69 | 0 | 3.85 | 0 | 14.16 | -5.4 | 3.13 | 0 | 2.04 | 0 | 1.56 | 0 | 1.43 | 0 | 0.40 | 14.29 | 19.27 | -25.31 | 93.43 | 1.02 | 121.88 | 107.45 | -21.88 | 0 | 0.00 | 0 | 23.79 | -7.9 |
