- 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) | 0.48 | -26.15 | 300.0 | 22.20 | -8.11 | 10.39 | 10.75 | -16.67 | 49.31 | 9.89 | -28.49 | 62.93 | 6.29 | -24.76 | 276.65 | 1.57 | -27.65 | 313.16 | 1.18 | -23.87 | 174.42 | 0.16 | 0.0 | 6.67 | 18.54 | -16.26 | 22.3 | 48.87 | -15.68 | -3.5 | 108.97 | 16.24 | -6.59 | -8.97 | -225.64 | 52.88 | 19.50 | -0.51 | -6.39 |
| 24Q2 (19) | 0.65 | 62.5 | 983.33 | 24.16 | 12.69 | 23.52 | 12.90 | 28.36 | 120.51 | 13.83 | 54.53 | 217.2 | 8.36 | 54.53 | 681.31 | 2.17 | 70.87 | 933.33 | 1.55 | 56.57 | 384.38 | 0.16 | 6.67 | 23.08 | 22.14 | 21.78 | 51.23 | 57.96 | -0.67 | 5.84 | 93.75 | -16.52 | -30.36 | 7.14 | 158.04 | 120.63 | 19.60 | 0.05 | -9.93 |
| 24Q1 (18) | 0.40 | 8.11 | -66.94 | 21.44 | 0.52 | 1.56 | 10.05 | 13.82 | 41.75 | 8.95 | -6.09 | -72.07 | 5.41 | 4.84 | -73.32 | 1.27 | 4.96 | -67.18 | 0.99 | 2.06 | -63.06 | 0.15 | 0.0 | 25.0 | 18.18 | -1.78 | -57.38 | 58.35 | 3.7 | 18.24 | 112.31 | 21.22 | 408.06 | -12.31 | -267.38 | -115.8 | 19.59 | -7.59 | -15.27 |
| 23Q4 (17) | 0.37 | 208.33 | -41.27 | 21.33 | 6.07 | -3.31 | 8.83 | 22.64 | -13.43 | 9.53 | 57.0 | -31.24 | 5.16 | 208.98 | -44.16 | 1.21 | 218.42 | -41.26 | 0.97 | 125.58 | -31.69 | 0.15 | 0.0 | 7.14 | 18.51 | 22.1 | -19.84 | 56.27 | 11.12 | -6.54 | 92.65 | -20.59 | 26.21 | 7.35 | 138.6 | -72.35 | 21.20 | 1.78 | 7.02 |
| 23Q3 (16) | 0.12 | 100.0 | -77.78 | 20.11 | 2.81 | -2.24 | 7.20 | 23.08 | -29.06 | 6.07 | 39.22 | -46.43 | 1.67 | 56.07 | -76.07 | 0.38 | 80.95 | -78.77 | 0.43 | 34.37 | -62.93 | 0.15 | 15.38 | 0.0 | 15.16 | 3.55 | -20.5 | 50.64 | -7.52 | -27.62 | 116.67 | -13.33 | 30.13 | -19.05 | 44.97 | -284.13 | 20.83 | -4.27 | 17.75 |
| 23Q2 (15) | 0.06 | -95.04 | -90.32 | 19.56 | -7.34 | -12.01 | 5.85 | -17.49 | -52.28 | 4.36 | -86.39 | -61.28 | 1.07 | -94.72 | -86.16 | 0.21 | -94.57 | -89.6 | 0.32 | -88.06 | -74.6 | 0.13 | 8.33 | -13.33 | 14.64 | -65.68 | -19.74 | 54.76 | 10.96 | -26.42 | 134.62 | 508.97 | 24.9 | -34.62 | -144.44 | -289.42 | 21.76 | -5.88 | 19.56 |
| 23Q1 (14) | 1.21 | 92.06 | 146.94 | 21.11 | -4.31 | -6.43 | 7.09 | -30.49 | -36.64 | 32.04 | 131.17 | 221.36 | 20.28 | 119.48 | 230.83 | 3.87 | 87.86 | 141.88 | 2.68 | 88.73 | 170.71 | 0.12 | -14.29 | -20.0 | 42.66 | 84.76 | 153.02 | 49.35 | -18.04 | -28.05 | 22.11 | -69.89 | -80.38 | 77.89 | 192.88 | 715.37 | 23.12 | 16.71 | 27.66 |
| 22Q4 (13) | 0.63 | 16.67 | -34.37 | 22.06 | 7.24 | -4.95 | 10.20 | 0.49 | 4.62 | 13.86 | 22.33 | -11.49 | 9.24 | 32.38 | -18.88 | 2.06 | 15.08 | -37.58 | 1.42 | 22.41 | -27.18 | 0.14 | -6.67 | -17.65 | 23.09 | 21.08 | 7.9 | 60.21 | -13.94 | -19.33 | 73.40 | -18.13 | 18.16 | 26.60 | 157.09 | -29.79 | 19.81 | 11.98 | 8.07 |
| 22Q3 (12) | 0.54 | -12.9 | -41.94 | 20.57 | -7.47 | -16.92 | 10.15 | -17.21 | -23.86 | 11.33 | 0.62 | -28.29 | 6.98 | -9.7 | -37.62 | 1.79 | -11.39 | -44.75 | 1.16 | -7.94 | -38.95 | 0.15 | 0.0 | -6.25 | 19.07 | 4.55 | -11.18 | 69.96 | -5.99 | -7.92 | 89.66 | -16.81 | 6.77 | 10.34 | 216.38 | -35.47 | 17.69 | -2.8 | -4.43 |
| 22Q2 (11) | 0.62 | 26.53 | -48.76 | 22.23 | -1.46 | -13.6 | 12.26 | 9.56 | -24.51 | 11.26 | 12.94 | -36.1 | 7.73 | 26.1 | -39.09 | 2.02 | 26.25 | -47.26 | 1.26 | 27.27 | -42.73 | 0.15 | 0.0 | -11.76 | 18.24 | 8.19 | -16.1 | 74.42 | 8.5 | -2.23 | 107.78 | -4.33 | 16.25 | -8.89 | 29.78 | -211.85 | 18.20 | 0.5 | 1.11 |
| 22Q1 (10) | 0.49 | -48.96 | -56.64 | 22.56 | -2.8 | -12.73 | 11.19 | 14.77 | -30.32 | 9.97 | -36.33 | -39.36 | 6.13 | -46.18 | -47.7 | 1.60 | -51.52 | -56.52 | 0.99 | -49.23 | -53.52 | 0.15 | -11.76 | -16.67 | 16.86 | -21.21 | -17.31 | 68.59 | -8.11 | -10.92 | 112.66 | 81.35 | 15.9 | -12.66 | -133.42 | -703.38 | 18.11 | -1.2 | 2.72 |
| 21Q4 (9) | 0.96 | 3.23 | -23.2 | 23.21 | -6.26 | -14.1 | 9.75 | -26.86 | -42.44 | 15.66 | -0.89 | -14.29 | 11.39 | 1.79 | -15.75 | 3.30 | 1.85 | -23.08 | 1.95 | 2.63 | -24.12 | 0.17 | 6.25 | -10.53 | 21.40 | -0.33 | -4.46 | 74.64 | -1.76 | 1.19 | 62.12 | -26.02 | -32.59 | 37.88 | 136.29 | 426.86 | 18.33 | -0.97 | 0.33 |
| 21Q3 (8) | 0.93 | -23.14 | 8.14 | 24.76 | -3.77 | 3.43 | 13.33 | -17.92 | -8.64 | 15.80 | -10.33 | 10.57 | 11.19 | -11.82 | 6.07 | 3.24 | -15.4 | 3.51 | 1.90 | -13.64 | -4.04 | 0.16 | -5.88 | -11.11 | 21.47 | -1.24 | 14.81 | 75.98 | -0.18 | 18.35 | 83.97 | -9.43 | -18.36 | 16.03 | 101.72 | 941.6 | 18.51 | 2.83 | 5.53 |
| 21Q2 (7) | 1.21 | 7.08 | -71.39 | 25.73 | -0.46 | 24.18 | 16.24 | 1.12 | 186.93 | 17.62 | 7.18 | -82.93 | 12.69 | 8.28 | -82.64 | 3.83 | 4.08 | -75.27 | 2.20 | 3.29 | -76.57 | 0.17 | -5.56 | 30.77 | 21.74 | 6.62 | -80.21 | 76.12 | -1.14 | 34.25 | 92.72 | -4.62 | 1601.99 | 7.95 | 278.81 | -91.6 | 18.00 | 2.1 | -26.95 |
| 21Q1 (6) | 1.13 | -9.6 | 145.65 | 25.85 | -4.33 | 13.28 | 16.06 | -5.19 | 68.17 | 16.44 | -10.02 | 51.38 | 11.72 | -13.31 | 56.48 | 3.68 | -14.22 | 111.49 | 2.13 | -17.12 | 104.81 | 0.18 | -5.26 | 38.46 | 20.39 | -8.97 | 18.96 | 77.00 | 4.39 | 2.35 | 97.20 | 5.48 | 10.54 | 2.10 | -70.82 | -82.62 | 17.63 | -3.5 | -12.55 |
| 20Q4 (5) | 1.25 | 45.35 | 52.44 | 27.02 | 12.87 | 8.3 | 16.94 | 16.11 | 21.61 | 18.27 | 27.85 | 17.64 | 13.52 | 28.15 | 31.39 | 4.29 | 37.06 | 39.29 | 2.57 | 29.8 | 35.26 | 0.19 | 5.56 | 5.56 | 22.40 | 19.79 | 11.67 | 73.76 | 14.89 | -8.06 | 92.16 | -10.4 | 2.83 | 7.19 | 477.45 | -30.72 | 18.27 | 4.16 | -7.77 |
| 20Q3 (4) | 0.86 | -79.67 | 0.0 | 23.94 | 15.54 | 0.0 | 14.59 | 157.77 | 0.0 | 14.29 | -86.15 | 0.0 | 10.55 | -85.57 | 0.0 | 3.13 | -79.79 | 0.0 | 1.98 | -78.91 | 0.0 | 0.18 | 38.46 | 0.0 | 18.70 | -82.98 | 0.0 | 64.20 | 13.23 | 0.0 | 102.86 | 1788.16 | 0.0 | -1.90 | -102.01 | 0.0 | 17.54 | -28.81 | 0.0 |
| 20Q2 (3) | 4.23 | 819.57 | 0.0 | 20.72 | -9.2 | 0.0 | 5.66 | -40.73 | 0.0 | 103.20 | 850.28 | 0.0 | 73.12 | 876.23 | 0.0 | 15.49 | 790.23 | 0.0 | 9.39 | 802.88 | 0.0 | 0.13 | 0.0 | 0.0 | 109.84 | 540.84 | 0.0 | 56.70 | -24.63 | 0.0 | 5.45 | -93.8 | 0.0 | 94.55 | 683.44 | 0.0 | 24.64 | 22.22 | 0.0 |
| 20Q1 (2) | 0.46 | -43.9 | 0.0 | 22.82 | -8.54 | 0.0 | 9.55 | -31.44 | 0.0 | 10.86 | -30.07 | 0.0 | 7.49 | -27.21 | 0.0 | 1.74 | -43.51 | 0.0 | 1.04 | -45.26 | 0.0 | 0.13 | -27.78 | 0.0 | 17.14 | -14.56 | 0.0 | 75.23 | -6.23 | 0.0 | 87.93 | -1.89 | 0.0 | 12.07 | 16.3 | 0.0 | 20.16 | 1.77 | 0.0 |
| 19Q4 (1) | 0.82 | 0.0 | 0.0 | 24.95 | 0.0 | 0.0 | 13.93 | 0.0 | 0.0 | 15.53 | 0.0 | 0.0 | 10.29 | 0.0 | 0.0 | 3.08 | 0.0 | 0.0 | 1.90 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 20.06 | 0.0 | 0.0 | 80.23 | 0.0 | 0.0 | 89.62 | 0.0 | 0.0 | 10.38 | 0.0 | 0.0 | 19.81 | 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) | 1.76 | -22.81 | 20.54 | -6.04 | 7.31 | -33.48 | 7.95 | 18.43 | 12.57 | 9.11 | 6.75 | -9.52 | 5.77 | -23.78 | 4.35 | -12.3 | 0.54 | -11.48 | 22.26 | 16.06 | 56.27 | -6.54 | 57.98 | -39.25 | 41.72 | 812.58 | 0.40 | 50.32 | 21.68 | 17.76 |
| 2022 (9) | 2.28 | -43.28 | 21.86 | -12.21 | 10.99 | -20.82 | 6.71 | 49.04 | 11.52 | -29.71 | 7.46 | -36.51 | 7.57 | -46.16 | 4.96 | -39.95 | 0.61 | -11.59 | 19.18 | -9.87 | 60.21 | -19.33 | 95.43 | 12.61 | 4.57 | -70.04 | 0.27 | 25.49 | 18.41 | 1.66 |
| 2021 (8) | 4.02 | -38.91 | 24.90 | 3.41 | 13.88 | 10.07 | 4.50 | -3.17 | 16.39 | -48.6 | 11.75 | -48.6 | 14.06 | -40.68 | 8.26 | -39.13 | 0.69 | 16.95 | 21.28 | -42.5 | 74.64 | 1.19 | 84.74 | 114.43 | 15.26 | -74.77 | 0.21 | -28.15 | 18.11 | -7.93 |
| 2020 (7) | 6.58 | 134.16 | 24.08 | 6.36 | 12.61 | 9.56 | 4.65 | 13.83 | 31.89 | 150.51 | 22.86 | 156.85 | 23.70 | 121.91 | 13.57 | 102.54 | 0.59 | -18.06 | 37.01 | 113.07 | 73.76 | -8.06 | 39.52 | -56.32 | 60.48 | 534.14 | 0.30 | 75.53 | 19.67 | -1.3 |
| 2019 (6) | 2.81 | 10.63 | 22.64 | 6.09 | 11.51 | 12.29 | 4.09 | 11.88 | 12.73 | 12.65 | 8.90 | 12.23 | 10.68 | 13.38 | 6.70 | 2.45 | 0.72 | -8.86 | 17.37 | 11.13 | 80.23 | 54.56 | 90.46 | -0.12 | 9.54 | 1.17 | 0.17 | -18.4 | 19.93 | 3.59 |
| 2018 (5) | 2.54 | -24.18 | 21.34 | -17.06 | 10.25 | -31.35 | 3.65 | 12.39 | 11.30 | -24.36 | 7.93 | -23.46 | 9.42 | -27.15 | 6.54 | -27.33 | 0.79 | -5.95 | 15.63 | -16.6 | 51.91 | 5.17 | 90.57 | -9.2 | 9.43 | 0 | 0.21 | 0 | 19.24 | -4.04 |
| 2017 (4) | 3.35 | -21.55 | 25.73 | -1.68 | 14.93 | -4.17 | 3.25 | 2.05 | 14.94 | -10.49 | 10.36 | -15.22 | 12.93 | -16.69 | 9.00 | -17.96 | 0.84 | -3.45 | 18.74 | -7.82 | 49.36 | 2.49 | 99.75 | 6.87 | 0.00 | 0 | 0.00 | 0 | 20.05 | -2.0 |
| 2016 (3) | 4.27 | 27.46 | 26.17 | 18.68 | 15.58 | 36.55 | 3.18 | 3.68 | 16.69 | 29.88 | 12.22 | 22.69 | 15.52 | 21.34 | 10.97 | 23.54 | 0.87 | 1.16 | 20.33 | 23.66 | 48.16 | 14.15 | 93.33 | 5.25 | 6.67 | -41.11 | 0.00 | 0 | 20.46 | 1.74 |
| 2015 (2) | 3.35 | 3.08 | 22.05 | 4.9 | 11.41 | 2.79 | 3.07 | 18.94 | 12.85 | 13.72 | 9.96 | 13.83 | 12.79 | -7.59 | 8.88 | -4.21 | 0.86 | -16.5 | 16.44 | 14.56 | 42.19 | -25.49 | 88.68 | -9.5 | 11.32 | 574.72 | 0.00 | 0 | 20.11 | 7.77 |
| 2014 (1) | 3.25 | 83.62 | 21.02 | 0 | 11.10 | 0 | 2.58 | -1.61 | 11.30 | 0 | 8.75 | 0 | 13.84 | 0 | 9.27 | 0 | 1.03 | -7.21 | 14.35 | 45.98 | 56.62 | 10.16 | 97.99 | -18.6 | 1.68 | 0 | 0.00 | 0 | 18.66 | 4.36 |
