- 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) | 0.65 | -16.67 | -1.52 | 32.88 | 11.8 | 6.41 | 20.17 | 19.28 | 81.22 | 55.97 | -2.37 | -29.8 | 52.00 | 3.11 | -25.48 | 1.48 | -17.78 | -13.95 | 1.29 | -17.31 | -12.84 | 0.02 | -33.33 | 0.0 | 64.04 | -0.12 | -29.29 | 14.45 | -18.41 | -15.4 | 36.15 | 22.01 | 159.62 | 64.32 | -9.08 | -25.28 | 13.14 | 21.78 | -23.91 |
| 24Q2 (19) | 0.78 | 122.86 | 4.0 | 29.41 | -6.43 | 0.0 | 16.91 | 20.87 | 2.55 | 57.33 | 38.21 | -15.42 | 50.43 | 27.09 | -16.38 | 1.80 | 111.76 | -14.29 | 1.56 | 105.26 | -13.81 | 0.03 | 50.0 | 0.0 | 64.12 | 20.66 | -15.11 | 17.71 | 6.37 | -15.83 | 29.63 | -11.89 | 22.38 | 70.74 | 6.58 | -6.66 | 10.79 | -41.52 | -13.19 |
| 24Q1 (18) | 0.35 | 1650.0 | 133.33 | 31.43 | -2.24 | -1.07 | 13.99 | 39.62 | -29.2 | 41.48 | 1856.6 | 119.59 | 39.68 | 1745.58 | 160.88 | 0.85 | 1600.0 | 97.67 | 0.76 | 850.0 | 85.37 | 0.02 | 0.0 | 0.0 | 53.14 | 326.48 | 86.52 | 16.65 | 9.68 | 5.78 | 33.63 | -93.49 | -67.88 | 66.37 | 116.59 | 1515.93 | 18.45 | -0.91 | 31.79 |
| 23Q4 (17) | 0.02 | -96.97 | -33.33 | 32.15 | 4.05 | 3.28 | 10.02 | -9.97 | -4.57 | 2.12 | -97.34 | -32.05 | 2.15 | -96.92 | -19.17 | 0.05 | -97.09 | -50.0 | 0.08 | -94.59 | -20.0 | 0.02 | 0.0 | -33.33 | 12.46 | -86.24 | 30.88 | 15.18 | -11.12 | -5.07 | 516.67 | 3610.61 | 57.25 | -400.00 | -564.71 | -69.7 | 18.62 | 7.82 | 288.73 |
| 23Q3 (16) | 0.66 | -12.0 | -29.79 | 30.90 | 5.07 | 3.24 | 11.13 | -32.5 | -26.97 | 79.73 | 17.63 | -16.42 | 69.78 | 15.7 | -15.5 | 1.72 | -18.1 | -36.06 | 1.48 | -18.23 | -38.33 | 0.02 | -33.33 | -33.33 | 90.57 | 19.91 | -11.93 | 17.08 | -18.82 | 43.05 | 13.92 | -42.49 | -12.92 | 86.08 | 13.57 | 2.46 | 17.27 | 38.94 | 26.71 |
| 23Q2 (15) | 0.75 | 400.0 | 19.05 | 29.41 | -7.43 | -24.02 | 16.49 | -16.55 | -39.84 | 67.78 | 258.81 | 29.9 | 60.31 | 296.52 | 46.38 | 2.10 | 388.37 | 17.98 | 1.81 | 341.46 | 12.42 | 0.03 | 50.0 | -25.0 | 75.53 | 165.11 | 31.06 | 21.04 | 33.67 | 47.44 | 24.21 | -76.87 | -53.93 | 75.79 | 1716.84 | 59.74 | 12.43 | -11.21 | 34.82 |
| 23Q1 (14) | 0.15 | 400.0 | -68.75 | 31.77 | 2.06 | 9.89 | 19.76 | 88.19 | -5.14 | 18.89 | 505.45 | -36.44 | 15.21 | 471.8 | -45.87 | 0.43 | 330.0 | -68.15 | 0.41 | 310.0 | -66.94 | 0.02 | -33.33 | -50.0 | 28.49 | 199.26 | -17.49 | 15.74 | -1.56 | 73.35 | 104.69 | -68.14 | 49.31 | -4.69 | 98.01 | -115.69 | 14.00 | 192.28 | 70.94 |
| 22Q4 (13) | 0.03 | -96.81 | -95.0 | 31.13 | 4.01 | -3.32 | 10.50 | -31.1 | -50.54 | 3.12 | -96.73 | -87.21 | 2.66 | -96.78 | -90.73 | 0.10 | -96.28 | -94.25 | 0.10 | -95.83 | -93.67 | 0.03 | 0.0 | -40.0 | 9.52 | -90.74 | -66.32 | 15.99 | 33.92 | 62.17 | 328.57 | 1954.96 | 276.44 | -235.71 | -380.58 | -1872.98 | 4.79 | -64.86 | -31.96 |
| 22Q3 (12) | 0.94 | 49.21 | 56.67 | 29.93 | -22.68 | 30.07 | 15.24 | -44.4 | 9.48 | 95.39 | 82.81 | 146.8 | 82.58 | 100.44 | 128.63 | 2.69 | 51.12 | 52.84 | 2.40 | 49.07 | 49.07 | 0.03 | -25.0 | -25.0 | 102.84 | 78.45 | 136.79 | 11.94 | -16.33 | -3.79 | 15.99 | -69.58 | -55.27 | 84.01 | 77.07 | 31.68 | 13.63 | 47.83 | 60.54 |
| 22Q2 (11) | 0.63 | 31.25 | 43.18 | 38.71 | 33.9 | 5.02 | 27.41 | 31.59 | 2.39 | 52.18 | 75.57 | 61.85 | 41.20 | 46.62 | 56.77 | 1.78 | 31.85 | 37.98 | 1.61 | 29.84 | 33.06 | 0.04 | 0.0 | -20.0 | 57.63 | 66.9 | 55.67 | 14.27 | 57.16 | 91.8 | 52.55 | -25.04 | -36.93 | 47.45 | 58.76 | 175.78 | 9.22 | 12.58 | 15.39 |
| 22Q1 (10) | 0.48 | -20.0 | -23.81 | 28.91 | -10.22 | -12.9 | 20.83 | -1.88 | -19.58 | 29.72 | 21.85 | 14.4 | 28.10 | -2.12 | 21.8 | 1.35 | -22.41 | -28.57 | 1.24 | -21.52 | -28.74 | 0.04 | -20.0 | -50.0 | 34.53 | 22.14 | 19.03 | 9.08 | -7.91 | 10.19 | 70.11 | -19.67 | -29.6 | 29.89 | 124.79 | 7162.07 | 8.19 | 16.34 | 56.0 |
| 21Q4 (9) | 0.60 | 0.0 | 106.9 | 32.20 | 39.94 | 31.54 | 21.23 | 52.51 | 43.83 | 24.39 | -36.9 | 71.88 | 28.71 | -20.51 | 141.67 | 1.74 | -1.14 | 89.13 | 1.58 | -1.86 | 85.88 | 0.05 | 25.0 | -28.57 | 28.27 | -34.91 | 60.35 | 9.86 | -20.55 | 2.6 | 87.28 | 144.17 | -16.18 | 13.29 | -79.16 | 421.73 | 7.04 | -17.08 | 31.1 |
| 21Q3 (8) | 0.60 | 36.36 | -44.95 | 23.01 | -37.57 | -44.35 | 13.92 | -48.0 | -59.48 | 38.65 | 19.88 | -6.55 | 36.12 | 37.44 | -15.49 | 1.76 | 36.43 | -50.14 | 1.61 | 33.06 | -48.56 | 0.04 | -20.0 | -42.86 | 43.43 | 17.31 | -2.86 | 12.41 | 66.8 | 24.22 | 35.75 | -57.1 | -56.91 | 63.80 | 270.84 | 274.57 | 8.49 | 6.26 | 53.53 |
| 21Q2 (7) | 0.44 | -30.16 | -10.2 | 36.86 | 11.06 | 41.17 | 26.77 | 3.36 | 46.93 | 32.24 | 24.1 | 7.07 | 26.28 | 13.91 | -11.43 | 1.29 | -31.75 | -20.86 | 1.21 | -30.46 | -14.79 | 0.05 | -37.5 | 0.0 | 37.02 | 27.61 | 5.23 | 7.44 | -9.71 | -55.21 | 83.33 | -16.32 | 38.1 | 17.20 | 4080.65 | -56.62 | 7.99 | 52.19 | 0 |
| 21Q1 (6) | 0.63 | 117.24 | -13.7 | 33.19 | 35.58 | -4.76 | 25.90 | 75.47 | -9.09 | 25.98 | 83.09 | -6.88 | 23.07 | 94.19 | -11.34 | 1.89 | 105.43 | -20.59 | 1.74 | 104.71 | -14.71 | 0.08 | 14.29 | 0.0 | 29.01 | 64.55 | -6.96 | 8.24 | -14.26 | -47.21 | 99.59 | -4.36 | -2.56 | 0.41 | 109.96 | 118.66 | 5.25 | -2.23 | 0 |
| 20Q4 (5) | 0.29 | -73.39 | 11.54 | 24.48 | -40.8 | 9.92 | 14.76 | -57.03 | 29.25 | 14.19 | -65.69 | 46.74 | 11.88 | -72.2 | -13.35 | 0.92 | -73.94 | 9.52 | 0.85 | -72.84 | 18.06 | 0.07 | 0.0 | 40.0 | 17.63 | -60.57 | 19.44 | 9.61 | -3.8 | -52.24 | 104.13 | 25.51 | -11.14 | -4.13 | -124.26 | 77.96 | 5.37 | -2.89 | 0 |
| 20Q3 (4) | 1.09 | 122.45 | 0.0 | 41.35 | 58.37 | 0.0 | 34.35 | 88.53 | 0.0 | 41.36 | 37.36 | 0.0 | 42.74 | 44.05 | 0.0 | 3.53 | 116.56 | 0.0 | 3.13 | 120.42 | 0.0 | 0.07 | 40.0 | 0.0 | 44.71 | 27.09 | 0.0 | 9.99 | -39.86 | 0.0 | 82.97 | 37.49 | 0.0 | 17.03 | -57.05 | 0.0 | 5.53 | 0 | 0.0 |
| 20Q2 (3) | 0.49 | -32.88 | 0.0 | 26.11 | -25.08 | 0.0 | 18.22 | -36.05 | 0.0 | 30.11 | 7.92 | 0.0 | 29.67 | 14.03 | 0.0 | 1.63 | -31.51 | 0.0 | 1.42 | -30.39 | 0.0 | 0.05 | -37.5 | 0.0 | 35.18 | 12.83 | 0.0 | 16.61 | 6.41 | 0.0 | 60.34 | -40.96 | 0.0 | 39.66 | 1897.7 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.73 | 180.77 | 0.0 | 34.85 | 56.49 | 0.0 | 28.49 | 149.47 | 0.0 | 27.90 | 188.52 | 0.0 | 26.02 | 89.79 | 0.0 | 2.38 | 183.33 | 0.0 | 2.04 | 183.33 | 0.0 | 0.08 | 60.0 | 0.0 | 31.18 | 111.25 | 0.0 | 15.61 | -22.42 | 0.0 | 102.21 | -12.78 | 0.0 | -2.21 | 88.24 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.26 | 0.0 | 0.0 | 22.27 | 0.0 | 0.0 | 11.42 | 0.0 | 0.0 | 9.67 | 0.0 | 0.0 | 13.71 | 0.0 | 0.0 | 0.84 | 0.0 | 0.0 | 0.72 | 0.0 | 0.0 | 0.05 | 0.0 | 0.0 | 14.76 | 0.0 | 0.0 | 20.12 | 0.0 | 0.0 | 117.19 | 0.0 | 0.0 | -18.75 | 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) | 1.61 | -22.97 | 30.93 | -4.15 | 14.68 | -23.3 | 7.57 | 41.06 | 43.55 | 1.61 | 38.16 | 3.86 | 4.28 | -28.43 | 3.85 | -28.04 | 0.10 | -28.57 | 53.01 | 8.89 | 15.18 | -5.07 | 33.78 | -24.42 | 66.39 | 20.04 | 0.00 | 0 | 15.26 | 73.8 |
| 2022 (9) | 2.09 | -7.93 | 32.27 | 2.06 | 19.14 | -14.71 | 5.37 | 38.95 | 42.86 | 45.49 | 36.74 | 31.97 | 5.98 | -11.14 | 5.35 | -13.15 | 0.14 | -36.36 | 48.68 | 45.53 | 15.99 | 62.17 | 44.70 | -41.33 | 55.30 | 132.21 | 0.00 | 0 | 8.78 | 26.51 |
| 2021 (8) | 2.27 | -13.36 | 31.62 | -2.29 | 22.44 | -9.15 | 3.86 | 13.23 | 29.46 | 3.95 | 27.84 | 1.35 | 6.73 | -17.93 | 6.16 | -14.44 | 0.22 | -15.38 | 33.45 | 4.56 | 9.86 | 2.6 | 76.18 | -12.64 | 23.82 | 84.57 | 0.00 | 0 | 6.94 | 20.07 |
| 2020 (7) | 2.62 | 70.13 | 32.36 | 32.14 | 24.70 | 57.43 | 3.41 | -25.64 | 28.34 | 38.51 | 27.47 | 37.69 | 8.20 | 61.1 | 7.20 | 76.04 | 0.26 | 30.0 | 31.99 | 24.18 | 9.61 | -52.24 | 87.20 | 13.74 | 12.90 | -44.69 | 0.00 | 0 | 5.78 | -15.5 |
| 2019 (6) | 1.54 | 161.02 | 24.49 | 1.79 | 15.69 | 112.89 | 4.59 | -45.64 | 20.46 | 7.91 | 19.95 | 26.99 | 5.09 | 149.51 | 4.09 | 154.04 | 0.20 | 122.22 | 25.76 | -11.08 | 20.12 | -44.65 | 76.67 | 97.38 | 23.33 | -61.85 | 0.00 | 0 | 6.84 | -50.43 |
| 2018 (5) | 0.59 | 25.53 | 24.06 | -22.88 | 7.37 | -58.2 | 8.44 | 35.0 | 18.96 | 65.16 | 15.71 | 43.34 | 2.04 | 18.6 | 1.61 | 15.83 | 0.09 | -25.0 | 28.97 | 54.42 | 36.35 | -2.39 | 38.85 | -74.7 | 61.15 | 0 | 0.00 | 0 | 13.80 | 24.44 |
| 2017 (4) | 0.47 | -33.8 | 31.20 | 1.2 | 17.63 | 5.13 | 6.25 | 14.85 | 11.48 | -52.7 | 10.96 | -42.77 | 1.72 | -39.22 | 1.39 | -39.3 | 0.12 | 0.0 | 18.76 | -38.37 | 37.24 | 29.71 | 153.54 | 122.01 | -53.54 | 0 | 0.00 | 0 | 11.09 | -1.07 |
| 2016 (3) | 0.71 | -55.62 | 30.83 | -33.09 | 16.77 | -52.67 | 5.44 | 31.31 | 24.27 | -45.49 | 19.15 | -44.46 | 2.83 | -55.36 | 2.29 | -58.59 | 0.12 | -25.0 | 30.44 | -38.72 | 28.71 | 8.63 | 69.16 | -13.13 | 30.84 | 51.25 | 0.00 | 0 | 11.21 | 33.77 |
| 2015 (2) | 1.60 | -75.65 | 46.08 | -31.0 | 35.43 | -41.36 | 4.15 | 139.47 | 44.52 | -29.69 | 34.48 | -41.52 | 6.34 | -77.09 | 5.53 | -77.21 | 0.16 | -60.98 | 49.67 | -23.7 | 26.43 | 185.11 | 79.61 | -16.59 | 20.39 | 344.57 | 0.00 | 0 | 8.38 | 85.4 |
| 2014 (1) | 6.57 | 69.77 | 66.78 | 0 | 60.42 | 0 | 1.73 | -30.06 | 63.32 | 0 | 58.96 | 0 | 27.67 | 0 | 24.27 | 0 | 0.41 | 20.59 | 65.10 | 21.52 | 9.27 | -53.39 | 95.44 | 0.92 | 4.59 | -15.5 | 0.00 | 0 | 4.52 | -8.87 |
