- 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 | -51.11 | 15.79 | 13.29 | -29.5 | 16.37 | 9.41 | -39.13 | 18.51 | 11.02 | -43.02 | 17.23 | 8.97 | -42.24 | 20.24 | 1.84 | -50.14 | 8.24 | 1.57 | -50.63 | 5.37 | 0.17 | -15.0 | -15.0 | 12.35 | -39.64 | 14.25 | 13.78 | -35.06 | 27.95 | 85.29 | 6.39 | 1.04 | 14.71 | -26.88 | -5.64 | 5.65 | -3.42 | -15.8 |
| 24Q2 (19) | 0.90 | 55.17 | 66.67 | 18.85 | 17.89 | 28.23 | 15.46 | 26.0 | 68.41 | 19.34 | 23.34 | 39.94 | 15.53 | 22.48 | 31.17 | 3.69 | 54.39 | 55.7 | 3.18 | 48.6 | 53.62 | 0.20 | 17.65 | 17.65 | 20.46 | 20.28 | 32.6 | 21.22 | 88.62 | 24.46 | 80.17 | 2.56 | 21.16 | 20.11 | -7.88 | -39.66 | 5.85 | 6.95 | -21.48 |
| 24Q1 (18) | 0.58 | 3.57 | 16.0 | 15.99 | 10.05 | 0.0 | 12.27 | 10.94 | 11.44 | 15.68 | 30.45 | 10.97 | 12.68 | 25.79 | 8.56 | 2.39 | 0.42 | 9.13 | 2.14 | 0.47 | 10.88 | 0.17 | -19.05 | 6.25 | 17.01 | 28.57 | 7.59 | 11.25 | -9.93 | -8.01 | 78.17 | -14.95 | 0.05 | 21.83 | 169.71 | -0.19 | 5.47 | 3.4 | -27.36 |
| 23Q4 (17) | 0.56 | 47.37 | 33.33 | 14.53 | 27.23 | 35.16 | 11.06 | 39.29 | 51.71 | 12.02 | 27.87 | 39.61 | 10.08 | 35.12 | 37.7 | 2.38 | 40.0 | 25.93 | 2.13 | 42.95 | 29.09 | 0.21 | 5.0 | -8.7 | 13.23 | 22.39 | 33.77 | 12.49 | 15.97 | -19.52 | 91.90 | 8.87 | 8.61 | 8.10 | -48.06 | -47.38 | 5.29 | -21.16 | -1.49 |
| 23Q3 (16) | 0.38 | -29.63 | 46.15 | 11.42 | -22.31 | 5.74 | 7.94 | -13.51 | 19.4 | 9.40 | -31.98 | 36.03 | 7.46 | -36.99 | 38.92 | 1.70 | -28.27 | 45.3 | 1.49 | -28.02 | 55.21 | 0.20 | 17.65 | 11.11 | 10.81 | -29.94 | 28.23 | 10.77 | -36.83 | -18.84 | 84.42 | 27.58 | -12.21 | 15.58 | -53.25 | 305.19 | 6.71 | -9.93 | -2.04 |
| 23Q2 (15) | 0.54 | 8.0 | 500.0 | 14.70 | -8.07 | 13.6 | 9.18 | -16.62 | 1.44 | 13.82 | -2.19 | 41.89 | 11.84 | 1.37 | 513.47 | 2.37 | 8.22 | 540.54 | 2.07 | 7.25 | 567.74 | 0.17 | 6.25 | 6.25 | 15.43 | -2.4 | 35.59 | 17.05 | 39.41 | -42.34 | 66.17 | -15.3 | -28.66 | 33.33 | 52.38 | 360.0 | 7.45 | -1.06 | 8.92 |
| 23Q1 (14) | 0.50 | 19.05 | 38.89 | 15.99 | 48.74 | 16.55 | 11.01 | 51.03 | 12.0 | 14.13 | 64.11 | 50.64 | 11.68 | 59.56 | 70.51 | 2.19 | 15.87 | 52.08 | 1.93 | 16.97 | 50.78 | 0.16 | -30.43 | -15.79 | 15.81 | 59.86 | 47.21 | 12.23 | -21.2 | -8.05 | 78.12 | -7.67 | -25.71 | 21.88 | 42.19 | 584.38 | 7.53 | 40.22 | 28.72 |
| 22Q4 (13) | 0.42 | 61.54 | -94.03 | 10.75 | -0.46 | 39.25 | 7.29 | 9.62 | 308.29 | 8.61 | 24.6 | -94.16 | 7.32 | 36.31 | -95.05 | 1.89 | 61.54 | -94.36 | 1.65 | 71.88 | -94.2 | 0.23 | 27.78 | 21.05 | 9.89 | 17.32 | -93.38 | 15.52 | 16.96 | 31.41 | 84.62 | -12.0 | 3641.07 | 15.38 | 300.0 | -84.97 | 5.37 | -21.61 | -60.6 |
| 22Q3 (12) | 0.26 | 188.89 | -29.73 | 10.80 | -16.54 | -0.64 | 6.65 | -26.52 | -5.54 | 6.91 | -29.06 | -16.85 | 5.37 | 178.24 | -19.73 | 1.17 | 216.22 | -45.07 | 0.96 | 209.68 | -42.86 | 0.18 | 12.5 | -28.0 | 8.43 | -25.92 | -14.85 | 13.27 | -55.12 | -49.64 | 96.15 | 3.67 | 13.49 | 3.85 | -46.92 | -74.83 | 6.85 | 0.15 | 8.21 |
| 22Q2 (11) | 0.09 | -75.0 | -84.21 | 12.94 | -5.69 | -16.41 | 9.05 | -7.93 | -18.76 | 9.74 | 3.84 | -33.97 | 1.93 | -71.82 | -82.74 | 0.37 | -74.31 | -88.79 | 0.31 | -75.78 | -88.48 | 0.16 | -15.79 | -33.33 | 11.38 | 5.96 | -30.86 | 29.57 | 122.33 | 6.67 | 92.75 | -11.8 | 22.64 | 7.25 | 260.46 | -70.26 | 6.84 | 16.92 | -4.74 |
| 22Q1 (10) | 0.36 | -94.89 | -35.71 | 13.72 | 77.72 | 2.62 | 9.83 | 380.86 | 3.69 | 9.38 | -93.64 | -36.62 | 6.85 | -95.37 | -43.94 | 1.44 | -95.7 | -56.23 | 1.28 | -95.5 | -54.77 | 0.19 | 0.0 | -17.39 | 10.74 | -92.81 | -35.77 | 13.30 | 12.62 | -27.24 | 105.16 | 4500.9 | 64.6 | -4.52 | -104.41 | -112.51 | 5.85 | -57.08 | -17.61 |
| 21Q4 (9) | 7.04 | 1802.7 | 1308.0 | 7.72 | -28.98 | -36.3 | -3.50 | -149.72 | -153.76 | 147.48 | 1674.73 | 807.57 | 147.88 | 2110.46 | 963.12 | 33.49 | 1472.3 | 998.03 | 28.46 | 1594.05 | 973.96 | 0.19 | -24.0 | 0.0 | 149.40 | 1409.09 | 733.71 | 11.81 | -55.18 | -26.05 | -2.39 | -102.82 | -105.99 | 102.39 | 570.19 | 70.34 | 13.63 | 115.32 | 60.54 |
| 21Q3 (8) | 0.37 | -35.09 | -54.32 | 10.87 | -29.78 | -16.58 | 7.04 | -36.8 | 4.3 | 8.31 | -43.66 | -64.46 | 6.69 | -40.16 | -71.75 | 2.13 | -35.45 | -60.04 | 1.68 | -37.55 | -62.58 | 0.25 | 4.17 | 31.58 | 9.90 | -39.85 | -60.73 | 26.35 | -4.94 | 67.2 | 84.72 | 12.02 | 193.63 | 15.28 | -37.31 | -78.53 | 6.33 | -11.84 | -34.13 |
| 21Q2 (7) | 0.57 | 1.79 | 16.33 | 15.48 | 15.78 | 11.37 | 11.14 | 17.51 | 20.82 | 14.75 | -0.34 | -4.96 | 11.18 | -8.51 | -14.0 | 3.30 | 0.3 | -4.07 | 2.69 | -4.95 | -2.54 | 0.24 | 4.35 | 14.29 | 16.46 | -1.56 | -3.8 | 27.72 | 51.64 | 18.56 | 75.63 | 18.38 | 27.2 | 24.37 | -32.51 | -39.89 | 7.18 | 1.13 | 0.28 |
| 21Q1 (6) | 0.56 | 12.0 | 450.0 | 13.37 | 10.31 | 58.22 | 9.48 | 45.62 | 108.81 | 14.80 | -8.92 | 694.38 | 12.22 | -12.15 | 379.0 | 3.29 | 7.87 | 391.15 | 2.83 | 6.79 | 425.29 | 0.23 | 21.05 | 15.0 | 16.72 | -6.7 | 2044.19 | 18.28 | 14.46 | -36.62 | 63.89 | 60.16 | 134.96 | 36.11 | -39.92 | -87.23 | 7.10 | -16.37 | 0 |
| 20Q4 (5) | 0.50 | -38.27 | 354.55 | 12.12 | -6.98 | 74.14 | 6.51 | -3.56 | 294.55 | 16.25 | -30.5 | 229.61 | 13.91 | -41.26 | 259.43 | 3.05 | -42.78 | 312.16 | 2.65 | -40.98 | 334.43 | 0.19 | 0.0 | 26.67 | 17.92 | -28.92 | 158.96 | 15.97 | 1.33 | -37.22 | 39.89 | 38.25 | 14.35 | 60.11 | -15.51 | -10.87 | 8.49 | -11.65 | 0 |
| 20Q3 (4) | 0.81 | 65.31 | 0.0 | 13.03 | -6.26 | 0.0 | 6.75 | -26.79 | 0.0 | 23.38 | 50.64 | 0.0 | 23.68 | 82.15 | 0.0 | 5.33 | 54.94 | 0.0 | 4.49 | 62.68 | 0.0 | 0.19 | -9.52 | 0.0 | 25.21 | 47.34 | 0.0 | 15.76 | -32.59 | 0.0 | 28.85 | -51.47 | 0.0 | 71.15 | 75.49 | 0.0 | 9.61 | 34.22 | 0.0 |
| 20Q2 (3) | 0.49 | 406.25 | 0.0 | 13.90 | 64.5 | 0.0 | 9.22 | 103.08 | 0.0 | 15.52 | 723.29 | 0.0 | 13.00 | 396.8 | 0.0 | 3.44 | 404.42 | 0.0 | 2.76 | 417.24 | 0.0 | 0.21 | 5.0 | 0.0 | 17.11 | 2089.53 | 0.0 | 23.38 | -18.93 | 0.0 | 59.46 | 132.53 | 0.0 | 40.54 | -85.66 | 0.0 | 7.16 | 0 | 0.0 |
| 20Q1 (2) | -0.16 | -245.45 | 0.0 | 8.45 | 21.41 | 0.0 | 4.54 | 175.15 | 0.0 | -2.49 | -150.51 | 0.0 | -4.38 | -213.18 | 0.0 | -1.13 | -252.7 | 0.0 | -0.87 | -242.62 | 0.0 | 0.20 | 33.33 | 0.0 | -0.86 | -112.43 | 0.0 | 28.84 | 13.36 | 0.0 | -182.76 | -623.91 | 0.0 | 282.76 | 319.26 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.11 | 0.0 | 0.0 | 6.96 | 0.0 | 0.0 | 1.65 | 0.0 | 0.0 | 4.93 | 0.0 | 0.0 | 3.87 | 0.0 | 0.0 | 0.74 | 0.0 | 0.0 | 0.61 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 6.92 | 0.0 | 0.0 | 25.44 | 0.0 | 0.0 | 34.88 | 0.0 | 0.0 | 67.44 | 0.0 | 0.0 | 0.00 | 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) | 1.99 | 77.68 | 14.07 | 17.05 | 9.78 | 19.41 | 1.42 | 3.08 | 12.21 | 40.99 | 10.15 | 82.88 | 8.58 | 80.63 | 7.54 | 79.95 | 0.74 | -1.33 | 13.69 | 35.28 | 12.49 | -19.52 | 80.05 | -15.36 | 19.95 | 267.69 | 0.00 | 0 | 6.66 | 7.94 |
| 2022 (9) | 1.12 | -86.89 | 12.02 | 1.18 | 8.19 | 33.39 | 1.38 | -13.95 | 8.66 | -80.6 | 5.55 | -87.03 | 4.75 | -88.46 | 4.19 | -88.47 | 0.75 | -11.76 | 10.12 | -78.21 | 15.52 | 31.41 | 94.58 | 588.17 | 5.42 | -93.71 | 0.00 | 0 | 6.17 | -27.15 |
| 2021 (8) | 8.54 | 420.73 | 11.88 | 0.08 | 6.14 | -9.31 | 1.60 | 16.09 | 44.65 | 244.26 | 42.78 | 277.92 | 41.15 | 296.05 | 36.33 | 316.63 | 0.85 | 11.84 | 46.44 | 216.56 | 11.81 | -26.05 | 13.74 | -73.67 | 86.22 | 80.36 | 0.00 | 0 | 8.47 | 5.88 |
| 2020 (7) | 1.64 | 156.25 | 11.87 | 93.64 | 6.77 | 756.96 | 1.38 | -15.2 | 12.97 | 98.32 | 11.32 | 96.87 | 10.39 | 135.07 | 8.72 | 135.04 | 0.76 | 18.75 | 14.67 | 73.61 | 15.97 | -37.22 | 52.20 | 326.89 | 47.80 | -45.81 | 0.00 | 0 | 8.00 | -4.53 |
| 2019 (6) | 0.64 | 64.1 | 6.13 | -35.34 | 0.79 | -83.05 | 1.63 | 8.63 | 6.54 | 61.08 | 5.75 | 81.96 | 4.42 | 64.93 | 3.71 | 56.54 | 0.64 | -13.51 | 8.45 | 48.77 | 25.44 | 58.9 | 12.23 | -89.39 | 88.21 | 0 | 0.00 | 0 | 8.38 | 10.85 |
| 2018 (5) | 0.39 | -40.0 | 9.48 | 33.15 | 4.66 | 177.38 | 1.50 | -4.48 | 4.06 | -34.41 | 3.16 | -45.04 | 2.68 | -40.04 | 2.37 | -38.6 | 0.74 | 10.45 | 5.68 | -27.55 | 16.01 | 19.66 | 115.29 | 324.64 | -14.65 | 0 | 0.00 | 0 | 7.56 | -14.48 |
| 2017 (4) | 0.65 | 116.67 | 7.12 | 9.04 | 1.68 | 86.67 | 1.57 | -34.66 | 6.19 | 91.64 | 5.75 | 94.92 | 4.47 | 111.85 | 3.86 | 113.26 | 0.67 | 9.84 | 7.84 | 36.82 | 13.38 | -29.09 | 27.15 | -3.57 | 72.85 | 0.05 | 0.00 | 0 | 8.84 | -0.56 |
| 2016 (3) | 0.30 | 130.77 | 6.53 | 142.75 | 0.90 | 0 | 2.40 | -8.73 | 3.23 | 121.23 | 2.95 | 136.0 | 2.11 | 151.19 | 1.81 | 141.33 | 0.61 | 3.39 | 5.73 | 32.95 | 18.87 | 21.59 | 28.16 | 0 | 72.82 | -75.19 | 0.00 | 0 | 8.89 | 0.79 |
| 2015 (2) | 0.13 | -83.12 | 2.69 | -40.22 | -2.83 | 0 | 2.63 | 19.12 | 1.46 | -79.72 | 1.25 | -81.75 | 0.84 | -84.12 | 0.75 | -83.8 | 0.59 | -11.94 | 4.31 | -55.2 | 15.52 | 27.63 | -193.48 | 0 | 293.48 | 168.94 | 0.00 | 0 | 8.82 | 6.39 |
| 2014 (1) | 0.77 | 381.25 | 4.50 | 0 | -0.64 | 0 | 2.21 | 0.58 | 7.20 | 0 | 6.85 | 0 | 5.29 | 0 | 4.63 | 0 | 0.67 | -9.46 | 9.62 | 198.76 | 12.16 | -30.95 | -9.12 | 0 | 109.12 | -75.04 | 0.00 | 0 | 8.29 | 13.72 |
