- 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) | 0.32 | 39.13 | 255.56 | 51.66 | -1.62 | -1.79 | 11.58 | 56.49 | 28.81 | 10.24 | 35.99 | 50.15 | 5.53 | 39.29 | 243.48 | 1.48 | 35.78 | 260.98 | 0.96 | 33.33 | 200.0 | 0.16 | 0.0 | 6.67 | 19.16 | 15.42 | 16.69 | 66.97 | -11.19 | 6.25 | 113.73 | 16.8 | -15.37 | -13.73 | -621.57 | 56.08 | 26.40 | 7.93 | 4.39 |
| 24Q2 (19) | 0.23 | -54.9 | 15.0 | 52.51 | -6.37 | 0.98 | 7.40 | -34.11 | -23.32 | 7.53 | -48.71 | -3.21 | 3.97 | -54.78 | 8.17 | 1.09 | -53.42 | 18.48 | 0.72 | -50.68 | 16.13 | 0.16 | 0.0 | 6.67 | 16.60 | -30.98 | -4.87 | 75.41 | 2.71 | 2.96 | 97.37 | 26.93 | -19.94 | 2.63 | -88.7 | 110.82 | 24.46 | -3.21 | -4.19 |
| 24Q1 (18) | 0.51 | 45.71 | 96.15 | 56.08 | 13.0 | 5.1 | 11.23 | 3.89 | 295.42 | 14.68 | 56.5 | 19.54 | 8.78 | 56.79 | 58.2 | 2.34 | 50.0 | 100.0 | 1.46 | 43.14 | 84.81 | 0.16 | -5.88 | 23.08 | 24.05 | 32.51 | 3.53 | 73.42 | 5.96 | 14.47 | 76.71 | -32.71 | 219.63 | 23.29 | 245.55 | -70.14 | 25.27 | 3.31 | -13.19 |
| 23Q4 (17) | 0.35 | 288.89 | 131.25 | 49.63 | -5.65 | -11.63 | 10.81 | 20.24 | 84.16 | 9.38 | 37.54 | 150.08 | 5.60 | 247.83 | 127.18 | 1.56 | 280.49 | 133.26 | 1.02 | 218.75 | 134.11 | 0.17 | 13.33 | 13.33 | 18.15 | 10.54 | 302.34 | 69.29 | 9.93 | 28.01 | 114.00 | -15.16 | 471.56 | -16.00 | 48.8 | -112.24 | 24.46 | -3.28 | 6.81 |
| 23Q3 (16) | 0.09 | -55.0 | -90.11 | 52.60 | 1.15 | 0.73 | 8.99 | -6.84 | -45.68 | 6.82 | -12.34 | -62.91 | 1.61 | -56.13 | -86.34 | 0.41 | -55.43 | -89.15 | 0.32 | -48.39 | -86.99 | 0.15 | 0.0 | -28.57 | 16.42 | -5.9 | -34.11 | 63.03 | -13.94 | 15.31 | 134.38 | 10.49 | 50.4 | -31.25 | -28.47 | -417.71 | 25.29 | -0.94 | 11.9 |
| 23Q2 (15) | 0.20 | -23.08 | -89.36 | 52.00 | -2.55 | -10.87 | 9.65 | 239.79 | -65.79 | 7.78 | -36.64 | -72.84 | 3.67 | -33.87 | -81.45 | 0.92 | -21.37 | -88.94 | 0.62 | -21.52 | -88.24 | 0.15 | 15.38 | -42.31 | 17.45 | -24.88 | -48.28 | 73.24 | 14.19 | 26.54 | 121.62 | 406.76 | 23.21 | -24.32 | -131.19 | -1516.89 | 25.53 | -12.3 | 25.7 |
| 23Q1 (14) | 0.26 | 123.21 | -43.48 | 53.36 | -4.99 | 3.17 | 2.84 | -51.62 | -72.64 | 12.28 | 165.56 | -15.31 | 5.55 | 126.94 | -36.21 | 1.17 | 124.95 | -44.02 | 0.79 | 126.42 | -43.57 | 0.13 | -13.33 | -13.33 | 23.23 | 358.97 | -2.15 | 64.14 | 18.49 | 6.4 | 24.00 | 178.22 | -66.3 | 78.00 | -40.31 | 170.95 | 29.11 | 27.12 | 14.11 |
| 22Q4 (13) | -1.12 | -223.08 | -1766.67 | 56.16 | 7.55 | 32.45 | 5.87 | -64.53 | 61.26 | -18.73 | -201.85 | -467.25 | -20.60 | -274.72 | -1807.41 | -4.69 | -224.07 | -1703.85 | -2.99 | -221.54 | -2618.18 | 0.15 | -28.57 | -6.25 | -8.97 | -136.0 | -164.16 | 54.13 | -0.97 | 2.58 | -30.68 | -134.34 | -143.32 | 130.68 | 1228.6 | 348.05 | 22.90 | 1.33 | -0.78 |
| 22Q3 (12) | 0.91 | -51.6 | 18.18 | 52.22 | -10.49 | 3.96 | 16.55 | -41.33 | 30.52 | 18.39 | -35.81 | 26.48 | 11.79 | -40.39 | 4.24 | 3.78 | -54.57 | 0.0 | 2.46 | -53.32 | 16.59 | 0.21 | -19.23 | 16.67 | 24.92 | -26.14 | 12.66 | 54.66 | -5.56 | -1.85 | 89.34 | -9.49 | 2.68 | 9.84 | 472.95 | -24.26 | 22.60 | 11.28 | -9.74 |
| 22Q2 (11) | 1.88 | 308.7 | 93.81 | 58.34 | 12.8 | 11.55 | 28.21 | 171.77 | 81.77 | 28.65 | 97.59 | 70.64 | 19.78 | 127.36 | 41.89 | 8.32 | 298.09 | 34.19 | 5.27 | 276.43 | 104.26 | 0.26 | 73.33 | 44.44 | 33.74 | 42.12 | 39.42 | 57.88 | -3.98 | -58.69 | 98.71 | 38.62 | 7.04 | 1.72 | -94.04 | -77.93 | 20.31 | -20.38 | -12.31 |
| 22Q1 (10) | 0.46 | 866.67 | 243.75 | 51.72 | 21.98 | 13.55 | 10.38 | 185.16 | 2761.54 | 14.50 | 184.31 | 817.82 | 8.70 | 905.56 | 231.22 | 2.09 | 903.85 | 201.46 | 1.40 | 1372.73 | 302.9 | 0.15 | -6.25 | 25.0 | 23.74 | 69.81 | 206.32 | 60.28 | 14.23 | -63.23 | 71.21 | 0.53 | 469.7 | 28.79 | -1.3 | -61.62 | 25.51 | 10.53 | -11.3 |
| 21Q4 (9) | -0.06 | -107.79 | -112.24 | 42.40 | -15.59 | -21.16 | 3.64 | -71.29 | -64.69 | 5.10 | -64.92 | -49.55 | -1.08 | -109.55 | -114.71 | -0.26 | -106.88 | -108.44 | -0.11 | -105.21 | -106.88 | 0.16 | -11.11 | -23.81 | 13.98 | -36.8 | -8.03 | 52.77 | -5.24 | -64.32 | 70.83 | -18.59 | -30.5 | 29.17 | 124.58 | 1616.67 | 23.08 | -7.83 | 9.85 |
| 21Q3 (8) | 0.77 | -20.62 | 2025.0 | 50.23 | -3.96 | -1.8 | 12.68 | -18.3 | 98.12 | 14.54 | -13.4 | 325.15 | 11.31 | -18.87 | 1608.0 | 3.78 | -39.03 | 1675.0 | 2.11 | -18.22 | 2018.18 | 0.18 | 0.0 | -10.0 | 22.12 | -8.6 | 143.88 | 55.69 | -60.26 | -2.69 | 87.01 | -5.65 | -54.75 | 12.99 | 66.98 | 114.07 | 25.04 | 8.12 | 4.16 |
| 21Q2 (7) | 0.97 | 403.12 | 1070.0 | 52.30 | 14.82 | 1.47 | 15.52 | 4079.49 | 349.86 | 16.79 | 931.19 | 590.95 | 13.94 | 310.26 | 703.46 | 6.20 | 400.97 | 1100.0 | 2.58 | 473.91 | 797.3 | 0.18 | 50.0 | 5.88 | 24.20 | 212.26 | 174.69 | 140.12 | -14.53 | 132.41 | 92.22 | 637.78 | -32.93 | 7.78 | -89.63 | 120.74 | 23.16 | -19.47 | 0 |
| 21Q1 (6) | -0.32 | -165.31 | -3300.0 | 45.55 | -15.3 | -9.35 | -0.39 | -103.78 | -108.57 | -2.02 | -119.98 | -142.08 | -6.63 | -190.33 | -3257.14 | -2.06 | -166.88 | -4220.0 | -0.69 | -143.12 | -1250.0 | 0.12 | -42.86 | -33.33 | 7.75 | -49.01 | -26.61 | 163.95 | 10.84 | 190.43 | 12.50 | -87.74 | -86.67 | 75.00 | 4000.0 | 1100.0 | 28.76 | 36.89 | 0 |
| 20Q4 (5) | 0.49 | 1325.0 | -33.78 | 53.78 | 5.14 | -0.76 | 10.31 | 61.09 | -30.81 | 10.11 | 195.61 | -30.85 | 7.34 | 1078.67 | -39.93 | 3.08 | 1383.33 | -27.87 | 1.60 | 1554.55 | -49.04 | 0.21 | 5.0 | -16.0 | 15.20 | 67.59 | -19.49 | 147.91 | 158.45 | 263.68 | 101.92 | -47.0 | 0.45 | -1.92 | 97.92 | -30.77 | 21.01 | -12.6 | -6.54 |
| 20Q3 (4) | -0.04 | 60.0 | 0.0 | 51.15 | -0.76 | 0.0 | 6.40 | 85.51 | 0.0 | 3.42 | 40.74 | 0.0 | -0.75 | 67.53 | 0.0 | -0.24 | 61.29 | 0.0 | -0.11 | 70.27 | 0.0 | 0.20 | 17.65 | 0.0 | 9.07 | 2.95 | 0.0 | 57.23 | -5.08 | 0.0 | 192.31 | 39.86 | 0.0 | -92.31 | -146.15 | 0.0 | 24.04 | 0 | 0.0 |
| 20Q2 (3) | -0.10 | -1100.0 | 0.0 | 51.54 | 2.57 | 0.0 | 3.45 | -24.18 | 0.0 | 2.43 | -49.38 | 0.0 | -2.31 | -1200.0 | 0.0 | -0.62 | -1340.0 | 0.0 | -0.37 | -716.67 | 0.0 | 0.17 | -5.56 | 0.0 | 8.81 | -16.57 | 0.0 | 60.29 | 6.8 | 0.0 | 137.50 | 46.67 | 0.0 | -37.50 | -700.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.01 | -98.65 | 0.0 | 50.25 | -7.27 | 0.0 | 4.55 | -69.46 | 0.0 | 4.80 | -67.17 | 0.0 | 0.21 | -98.28 | 0.0 | 0.05 | -98.83 | 0.0 | 0.06 | -98.09 | 0.0 | 0.18 | -28.0 | 0.0 | 10.56 | -44.07 | 0.0 | 56.45 | 38.8 | 0.0 | 93.75 | -7.61 | 0.0 | 6.25 | 525.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.74 | 0.0 | 0.0 | 54.19 | 0.0 | 0.0 | 14.90 | 0.0 | 0.0 | 14.62 | 0.0 | 0.0 | 12.22 | 0.0 | 0.0 | 4.27 | 0.0 | 0.0 | 3.14 | 0.0 | 0.0 | 0.25 | 0.0 | 0.0 | 18.88 | 0.0 | 0.0 | 40.67 | 0.0 | 0.0 | 101.47 | 0.0 | 0.0 | -1.47 | 0.0 | 0.0 | 22.48 | 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) | 0.90 | -57.75 | 51.78 | -5.8 | 8.33 | -51.74 | 8.82 | 33.08 | 8.97 | -35.47 | 4.10 | -46.05 | 3.94 | -57.45 | 2.73 | -56.18 | 0.59 | -25.32 | 18.60 | -11.64 | 69.29 | 28.01 | 92.90 | -25.28 | 7.10 | 0 | 0.37 | -28.27 | 25.95 | 15.69 |
| 2022 (9) | 2.13 | 61.36 | 54.97 | 14.57 | 17.26 | 98.39 | 6.63 | -10.0 | 13.90 | 44.64 | 7.60 | 38.43 | 9.26 | 40.73 | 6.23 | 61.82 | 0.79 | 25.4 | 21.05 | 17.34 | 54.13 | 2.58 | 124.32 | 37.89 | -24.32 | 0 | 0.52 | -23.65 | 22.43 | -9.41 |
| 2021 (8) | 1.32 | 266.67 | 47.98 | -7.54 | 8.70 | 30.63 | 7.36 | 39.22 | 9.61 | 68.6 | 5.49 | 208.43 | 6.58 | 206.05 | 3.85 | 205.56 | 0.63 | 0.0 | 17.94 | 58.2 | 52.77 | -64.32 | 90.16 | -23.58 | 9.29 | 0 | 0.68 | -13.25 | 24.76 | 0.49 |
| 2020 (7) | 0.36 | -82.86 | 51.89 | -5.5 | 6.66 | -53.2 | 5.29 | 22.45 | 5.70 | -60.36 | 1.78 | -82.63 | 2.15 | -81.95 | 1.26 | -85.5 | 0.63 | -25.0 | 11.34 | -39.71 | 147.91 | 263.68 | 117.98 | 19.03 | -16.85 | 0 | 0.78 | 113.37 | 24.64 | 3.57 |
| 2019 (6) | 2.10 | 0.48 | 54.91 | -3.72 | 14.23 | -5.7 | 4.32 | 48.47 | 14.38 | -17.12 | 10.25 | -9.29 | 11.91 | -18.2 | 8.69 | -15.88 | 0.84 | -7.69 | 18.81 | -7.34 | 40.67 | 13.38 | 99.12 | 13.54 | 0.88 | -93.25 | 0.37 | -16.07 | 23.79 | -12.31 |
| 2018 (5) | 2.09 | 57.14 | 57.03 | -0.42 | 15.09 | 26.38 | 2.91 | -13.98 | 17.35 | 46.91 | 11.30 | 51.27 | 14.56 | 32.0 | 10.33 | 39.03 | 0.91 | -8.08 | 20.30 | 33.03 | 35.87 | -27.32 | 87.30 | -13.91 | 13.11 | 0 | 0.44 | 0 | 27.13 | 0.18 |
| 2017 (4) | 1.33 | -8.28 | 57.27 | 2.1 | 11.94 | -3.32 | 3.38 | -13.45 | 11.81 | -4.22 | 7.47 | -12.63 | 11.03 | -2.82 | 7.43 | -2.37 | 0.99 | 11.24 | 15.26 | -6.95 | 49.35 | 3.42 | 101.40 | 0.62 | -1.40 | 0 | 0.00 | 0 | 27.08 | -2.24 |
| 2016 (3) | 1.45 | 11.54 | 56.09 | -8.15 | 12.35 | 24.0 | 3.91 | 51.93 | 12.33 | 27.9 | 8.55 | 41.09 | 11.35 | 15.46 | 7.61 | 18.91 | 0.89 | -16.04 | 16.40 | 32.58 | 47.72 | -7.61 | 100.78 | -2.58 | 0.00 | 0 | 0.00 | 0 | 27.70 | 6.05 |
| 2015 (2) | 1.30 | 28.71 | 61.07 | 1.72 | 9.96 | 56.85 | 2.57 | 8.69 | 9.64 | 31.16 | 6.06 | 29.49 | 9.83 | 41.64 | 6.40 | 42.22 | 1.06 | 10.42 | 12.37 | 25.46 | 51.65 | -7.55 | 103.45 | 21.23 | -3.45 | 0 | 0.00 | 0 | 26.12 | -14.33 |
| 2014 (1) | 1.01 | 114.89 | 60.04 | 0 | 6.35 | 0 | 2.37 | -3.41 | 7.35 | 0 | 4.68 | 0 | 6.94 | 0 | 4.50 | 0 | 0.96 | 7.87 | 9.86 | 65.71 | 55.87 | 6.64 | 85.33 | 40.19 | 13.33 | -65.93 | 0.00 | 0 | 30.49 | 0.2 |
