- 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) | 0.33 | 22.22 | -13.16 | 28.25 | 5.88 | -15.11 | 9.29 | 139.43 | 2.09 | 8.19 | 4.73 | -30.3 | 6.50 | 4.0 | -29.12 | 1.88 | 18.99 | -12.56 | 1.46 | 20.66 | -12.05 | 0.22 | 15.79 | 22.22 | 11.57 | -0.6 | -29.88 | 31.37 | -0.35 | 17.1 | 111.90 | 123.81 | 41.35 | -14.29 | -128.57 | -162.34 | 26.37 | -16.02 | -14.38 |
| 24Q2 (19) | 0.27 | -6.9 | 0.0 | 26.68 | 9.79 | -9.5 | 3.88 | 6.89 | -32.05 | 7.82 | 8.76 | -2.62 | 6.25 | -3.25 | -3.7 | 1.58 | -4.82 | 0.64 | 1.21 | -6.2 | 4.31 | 0.19 | 0.0 | 11.76 | 11.64 | 4.96 | -10.12 | 31.48 | -12.34 | -15.85 | 50.00 | 0.0 | -29.17 | 50.00 | 0.0 | 70.0 | 31.40 | 8.65 | -0.7 |
| 24Q1 (18) | 0.29 | 93.33 | -19.44 | 24.30 | -27.03 | -20.98 | 3.63 | -61.13 | -62.31 | 7.19 | 138.87 | -32.68 | 6.46 | 76.02 | -21.12 | 1.66 | 97.62 | -17.82 | 1.29 | 86.96 | -14.0 | 0.19 | 5.56 | 5.56 | 11.09 | 46.69 | -28.73 | 35.91 | 29.03 | -13.03 | 50.00 | -84.21 | -44.05 | 50.00 | 123.08 | 370.0 | 28.90 | -4.34 | -6.02 |
| 23Q4 (17) | 0.15 | -60.53 | -65.12 | 33.30 | 0.06 | 7.28 | 9.34 | 2.64 | -6.22 | 3.01 | -74.38 | -64.21 | 3.67 | -59.98 | -56.47 | 0.84 | -60.93 | -64.85 | 0.69 | -58.43 | -60.12 | 0.18 | 0.0 | -10.0 | 7.56 | -54.18 | -43.41 | 27.83 | 3.88 | -27.39 | 316.67 | 300.0 | 166.99 | -216.67 | -1045.45 | -1064.58 | 30.21 | -1.92 | 13.79 |
| 23Q3 (16) | 0.38 | 40.74 | -40.62 | 33.28 | 12.89 | 31.65 | 9.10 | 59.37 | 4.72 | 11.75 | 46.33 | 0.43 | 9.17 | 41.29 | -13.25 | 2.15 | 36.94 | -41.58 | 1.66 | 43.1 | -34.39 | 0.18 | 5.88 | -21.74 | 16.50 | 27.41 | 3.97 | 26.79 | -28.39 | -40.51 | 79.17 | 12.15 | 6.05 | 22.92 | -22.08 | -9.61 | 30.80 | -2.59 | 27.38 |
| 23Q2 (15) | 0.27 | -25.0 | -6.9 | 29.48 | -4.13 | 34.18 | 5.71 | -40.71 | 3.63 | 8.03 | -24.81 | 76.87 | 6.49 | -20.76 | 35.77 | 1.57 | -22.28 | -5.42 | 1.16 | -22.67 | 0.0 | 0.17 | -5.56 | -29.17 | 12.95 | -16.77 | 51.46 | 37.41 | -9.4 | -29.12 | 70.59 | -21.01 | -41.87 | 29.41 | 176.47 | 237.25 | 31.62 | 2.83 | 30.99 |
| 23Q1 (14) | 0.36 | -16.28 | -21.74 | 30.75 | -0.93 | 21.3 | 9.63 | -3.31 | 26.54 | 10.68 | 26.99 | -4.47 | 8.19 | -2.85 | -5.97 | 2.02 | -15.48 | -21.09 | 1.50 | -13.29 | -15.73 | 0.18 | -10.0 | -10.0 | 15.56 | 16.47 | -2.14 | 41.29 | 7.72 | 0.88 | 89.36 | -24.66 | 29.57 | 10.64 | 157.18 | -67.53 | 30.75 | 15.82 | 11.25 |
| 22Q4 (13) | 0.43 | -32.81 | -47.56 | 31.04 | 22.78 | 19.75 | 9.96 | 14.61 | 15.95 | 8.41 | -28.12 | -19.06 | 8.43 | -20.25 | -41.98 | 2.39 | -35.05 | -49.79 | 1.73 | -31.62 | -46.27 | 0.20 | -13.04 | -9.09 | 13.36 | -15.82 | -10.75 | 38.33 | -14.88 | -26.7 | 118.60 | 58.89 | 43.31 | -18.60 | -173.39 | -207.91 | 26.55 | 9.8 | 14.05 |
| 22Q3 (12) | 0.64 | 120.69 | 0.0 | 25.28 | 15.07 | -13.34 | 8.69 | 57.71 | -22.55 | 11.70 | 157.71 | -2.26 | 10.57 | 121.13 | -16.04 | 3.68 | 121.69 | -2.9 | 2.53 | 118.1 | -1.17 | 0.23 | -4.17 | 15.0 | 15.87 | 85.61 | -6.09 | 45.03 | -14.68 | -3.51 | 74.65 | -38.53 | -20.11 | 25.35 | 218.31 | 286.62 | 24.18 | 0.17 | -9.88 |
| 22Q2 (11) | 0.29 | -36.96 | 26.09 | 21.97 | -13.33 | -16.11 | 5.51 | -27.6 | -28.44 | 4.54 | -59.39 | -12.52 | 4.78 | -45.12 | 2.8 | 1.66 | -35.16 | 24.81 | 1.16 | -34.83 | 8.41 | 0.24 | 20.0 | 33.33 | 8.55 | -46.23 | -27.42 | 52.78 | 28.95 | -1.24 | 121.43 | 76.07 | -17.95 | -21.43 | -165.41 | 55.36 | 24.14 | -12.66 | -14.06 |
| 22Q1 (10) | 0.46 | -43.9 | 35.29 | 25.35 | -2.2 | -2.91 | 7.61 | -11.41 | -29.54 | 11.18 | 7.6 | 59.03 | 8.71 | -40.06 | 47.38 | 2.56 | -46.22 | 24.88 | 1.78 | -44.72 | 32.84 | 0.20 | -9.09 | -4.76 | 15.90 | 6.21 | 36.72 | 40.93 | -21.72 | -34.13 | 68.97 | -16.67 | -54.39 | 32.76 | 90.0 | 161.05 | 27.64 | 18.73 | 16.33 |
| 21Q4 (9) | 0.82 | 28.12 | 148.48 | 25.92 | -11.14 | 10.34 | 8.59 | -23.44 | 47.34 | 10.39 | -13.2 | 23.1 | 14.53 | 15.41 | 99.86 | 4.76 | 25.59 | 134.48 | 3.22 | 25.78 | 143.94 | 0.22 | 10.0 | 29.41 | 14.97 | -11.42 | 3.17 | 52.29 | 12.04 | -14.38 | 82.76 | -11.43 | 16.48 | 17.24 | 162.93 | -45.4 | 23.28 | -13.23 | -11.88 |
| 21Q3 (8) | 0.64 | 178.26 | 178.26 | 29.17 | 11.38 | 25.41 | 11.22 | 45.71 | 92.45 | 11.97 | 130.64 | 114.13 | 12.59 | 170.75 | 177.92 | 3.79 | 184.96 | 163.19 | 2.56 | 139.25 | 178.26 | 0.20 | 11.11 | 5.26 | 16.90 | 43.46 | 51.16 | 46.67 | -12.67 | -26.21 | 93.44 | -36.86 | -9.67 | 6.56 | 113.66 | 290.16 | 26.83 | -4.49 | 4.52 |
| 21Q2 (7) | 0.23 | -32.35 | -14.81 | 26.19 | 0.31 | 12.89 | 7.70 | -28.7 | 27.06 | 5.19 | -26.17 | 10.19 | 4.65 | -21.32 | -7.92 | 1.33 | -35.12 | -18.4 | 1.07 | -20.15 | 3.88 | 0.18 | -14.29 | -5.26 | 11.78 | 1.29 | 15.38 | 53.44 | -14.0 | -27.85 | 148.00 | -2.13 | 15.62 | -48.00 | 10.55 | -71.43 | 28.09 | 18.22 | 0 |
| 21Q1 (6) | 0.34 | 3.03 | 183.33 | 26.11 | 11.15 | 28.43 | 10.80 | 85.25 | 266.1 | 7.03 | -16.71 | 91.03 | 5.91 | -18.71 | 155.84 | 2.05 | 0.99 | 192.86 | 1.34 | 1.52 | 162.75 | 0.21 | 23.53 | 16.67 | 11.63 | -19.85 | 21.53 | 62.14 | 1.75 | -6.65 | 151.22 | 112.83 | 91.54 | -53.66 | -269.92 | -354.88 | 23.76 | -10.07 | -7.37 |
| 20Q4 (5) | 0.33 | 43.48 | -59.26 | 23.49 | 0.99 | -32.83 | 5.83 | 0.0 | -71.29 | 8.44 | 50.98 | -46.41 | 7.27 | 60.49 | -39.87 | 2.03 | 40.97 | -58.66 | 1.32 | 43.48 | -56.29 | 0.17 | -10.53 | -29.17 | 14.51 | 29.79 | -28.42 | 61.07 | -3.45 | -9.97 | 71.05 | -31.32 | -44.74 | 31.58 | 1015.79 | 210.53 | 26.42 | 2.92 | 43.43 |
| 20Q3 (4) | 0.23 | -14.81 | 0.0 | 23.26 | 0.26 | 0.0 | 5.83 | -3.8 | 0.0 | 5.59 | 18.68 | 0.0 | 4.53 | -10.3 | 0.0 | 1.44 | -11.66 | 0.0 | 0.92 | -10.68 | 0.0 | 0.19 | 0.0 | 0.0 | 11.18 | 9.5 | 0.0 | 63.25 | -14.61 | 0.0 | 103.45 | -19.18 | 0.0 | -3.45 | 87.68 | 0.0 | 25.67 | 0 | 0.0 |
| 20Q2 (3) | 0.27 | 125.0 | 0.0 | 23.20 | 14.12 | 0.0 | 6.06 | 105.42 | 0.0 | 4.71 | 27.99 | 0.0 | 5.05 | 118.61 | 0.0 | 1.63 | 132.86 | 0.0 | 1.03 | 101.96 | 0.0 | 0.19 | 5.56 | 0.0 | 10.21 | 6.69 | 0.0 | 74.07 | 11.27 | 0.0 | 128.00 | 62.13 | 0.0 | -28.00 | -233.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.12 | -85.19 | 0.0 | 20.33 | -41.86 | 0.0 | 2.95 | -85.48 | 0.0 | 3.68 | -76.63 | 0.0 | 2.31 | -80.89 | 0.0 | 0.70 | -85.74 | 0.0 | 0.51 | -83.11 | 0.0 | 0.18 | -25.0 | 0.0 | 9.57 | -52.79 | 0.0 | 66.57 | -1.86 | 0.0 | 78.95 | -38.6 | 0.0 | 21.05 | 173.68 | 0.0 | 25.65 | 39.25 | 0.0 |
| 19Q4 (1) | 0.81 | 0.0 | 0.0 | 34.97 | 0.0 | 0.0 | 20.31 | 0.0 | 0.0 | 15.75 | 0.0 | 0.0 | 12.09 | 0.0 | 0.0 | 4.91 | 0.0 | 0.0 | 3.02 | 0.0 | 0.0 | 0.24 | 0.0 | 0.0 | 20.27 | 0.0 | 0.0 | 67.83 | 0.0 | 0.0 | 128.57 | 0.0 | 0.0 | -28.57 | 0.0 | 0.0 | 18.42 | 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) | 1.16 | -36.26 | 31.68 | 23.27 | 8.45 | 7.37 | 3.88 | 24.25 | 8.41 | -5.4 | 6.90 | -14.71 | 6.40 | -37.01 | 4.96 | -30.82 | 0.70 | -19.54 | 13.18 | -1.05 | 27.83 | -27.39 | 100.71 | 13.8 | -0.71 | 0 | 1.92 | -30.18 | 30.85 | 20.93 |
| 2022 (9) | 1.82 | -10.34 | 25.70 | -4.14 | 7.87 | -18.11 | 3.12 | -7.63 | 8.89 | 2.42 | 8.09 | -14.75 | 10.16 | -14.62 | 7.17 | -10.15 | 0.87 | 8.75 | 13.32 | -3.06 | 38.33 | -26.7 | 88.50 | -20.13 | 11.50 | 0 | 2.74 | -30.89 | 25.51 | 0.63 |
| 2021 (8) | 2.03 | 113.68 | 26.81 | 18.89 | 9.61 | 86.6 | 3.38 | -15.36 | 8.68 | 57.25 | 9.49 | 101.06 | 11.90 | 108.77 | 7.98 | 112.23 | 0.80 | 9.59 | 13.74 | 21.92 | 52.29 | -14.38 | 110.81 | 19.42 | -10.81 | 0 | 3.97 | -18.41 | 25.35 | -1.82 |
| 2020 (7) | 0.95 | -16.67 | 22.55 | -16.05 | 5.15 | -44.26 | 3.99 | 0.85 | 5.52 | -25.51 | 4.72 | -8.17 | 5.70 | -16.18 | 3.76 | -16.44 | 0.73 | -10.98 | 11.27 | -14.23 | 61.07 | -9.97 | 92.79 | -25.49 | 6.31 | 0 | 4.87 | -12.78 | 25.82 | 9.04 |
| 2019 (6) | 1.14 | 20.0 | 26.86 | -2.01 | 9.24 | -16.91 | 3.96 | 6.4 | 7.41 | -6.2 | 5.14 | 12.23 | 6.80 | 20.14 | 4.50 | 15.09 | 0.82 | 5.13 | 13.14 | -3.38 | 67.83 | 23.66 | 124.54 | -11.67 | -24.54 | 0 | 5.58 | -27.16 | 23.68 | -0.71 |
| 2018 (5) | 0.95 | 10.47 | 27.41 | 14.02 | 11.12 | 23.97 | 3.72 | -19.59 | 7.90 | 26.6 | 4.58 | -0.22 | 5.66 | 16.7 | 3.91 | 13.01 | 0.78 | 13.04 | 13.60 | 5.67 | 54.85 | -11.76 | 140.99 | -1.92 | -40.99 | 0 | 7.66 | 0 | 23.85 | -1.89 |
| 2017 (4) | 0.86 | 2766.67 | 24.04 | -11.09 | 8.97 | -35.65 | 4.62 | -13.28 | 6.24 | 111.53 | 4.59 | 2600.0 | 4.85 | 2931.25 | 3.46 | 835.14 | 0.69 | 1.47 | 12.87 | 39.14 | 62.16 | 40.13 | 143.75 | -69.61 | -43.75 | 0 | 0.00 | 0 | 24.31 | 10.4 |
| 2016 (3) | 0.03 | -98.87 | 27.04 | -8.71 | 13.94 | -14.37 | 5.33 | -4.39 | 2.95 | -82.49 | 0.17 | -98.8 | 0.16 | -98.84 | 0.37 | -96.34 | 0.68 | -1.45 | 9.25 | -60.64 | 44.36 | 11.94 | 473.08 | 388.79 | -373.08 | 0 | 0.00 | 0 | 22.02 | 4.76 |
| 2015 (2) | 2.66 | -3.97 | 29.62 | 0.99 | 16.28 | 0.62 | 5.58 | -5.88 | 16.85 | -5.5 | 14.16 | -5.85 | 13.78 | -3.03 | 10.12 | -1.36 | 0.69 | 2.99 | 23.50 | -4.67 | 39.63 | -4.99 | 96.78 | 6.83 | 3.22 | -64.63 | 0.00 | 0 | 21.02 | -6.49 |
| 2014 (1) | 2.77 | -26.53 | 29.33 | 0 | 16.18 | 0 | 5.93 | 17.79 | 17.83 | 0 | 15.04 | 0 | 14.21 | 0 | 10.26 | 0 | 0.67 | 0.0 | 24.65 | -14.94 | 41.71 | -0.31 | 90.60 | 10.58 | 9.09 | -49.7 | 0.00 | 0 | 22.48 | 10.96 |
