- 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) | 0.61 | 5.17 | -48.31 | 24.59 | -4.5 | -6.07 | 13.52 | 31.39 | -11.29 | 15.21 | -21.44 | -49.77 | 12.16 | -28.17 | -49.96 | 1.73 | 8.81 | -47.73 | 1.44 | 9.92 | -40.0 | 0.12 | 50.0 | 20.0 | 23.76 | -27.54 | -41.76 | 17.23 | -31.84 | -44.81 | 85.71 | 58.24 | 74.73 | 10.71 | -76.62 | -78.16 | 18.57 | -24.97 | 3.8 |
| 24Q2 (19) | 0.58 | -33.33 | -34.83 | 25.75 | 19.82 | 16.73 | 10.29 | 17.6 | -28.04 | 19.36 | -34.95 | -38.66 | 16.93 | -28.54 | -27.93 | 1.59 | -32.63 | -35.1 | 1.31 | -30.69 | -25.99 | 0.08 | 0.0 | 14.29 | 32.79 | -23.3 | -26.36 | 25.28 | 26.78 | -50.16 | 54.17 | 92.05 | 16.46 | 45.83 | -36.16 | -17.88 | 24.75 | 0.41 | 10.54 |
| 24Q1 (18) | 0.87 | 521.43 | 314.29 | 21.49 | -6.48 | -18.38 | 8.75 | -26.28 | -14.22 | 29.76 | 687.3 | 227.39 | 23.69 | 705.78 | 239.89 | 2.36 | 521.05 | 321.43 | 1.89 | 472.73 | 329.55 | 0.08 | -20.0 | 60.0 | 42.75 | 197.49 | 60.65 | 19.94 | -37.82 | -43.4 | 28.21 | -91.54 | -74.36 | 71.79 | 130.77 | 817.95 | 24.65 | 30.49 | -14.44 |
| 23Q4 (17) | 0.14 | -88.14 | 120.29 | 22.98 | -12.22 | 57.4 | 11.87 | -22.11 | 223.26 | 3.78 | -87.52 | 115.72 | 2.94 | -87.9 | 115.15 | 0.38 | -88.52 | 120.88 | 0.33 | -86.25 | 130.56 | 0.10 | 0.0 | 66.67 | 14.37 | -64.78 | 267.29 | 32.07 | 2.72 | -44.76 | 333.33 | 579.49 | 761.11 | -233.33 | -575.64 | -501.85 | 18.89 | 5.59 | -29.14 |
| 23Q3 (16) | 1.18 | 32.58 | -54.26 | 26.18 | 18.68 | -14.64 | 15.24 | 6.57 | -33.16 | 30.28 | -4.06 | -42.5 | 24.30 | 3.45 | -42.06 | 3.31 | 35.1 | -52.37 | 2.40 | 35.59 | -45.7 | 0.10 | 42.86 | 0.0 | 40.80 | -8.38 | -33.7 | 31.22 | -38.45 | -44.83 | 49.06 | 5.47 | 13.81 | 49.06 | -12.11 | -13.78 | 17.89 | -20.1 | 7.38 |
| 23Q2 (15) | 0.89 | 323.81 | -36.88 | 22.06 | -16.22 | -23.32 | 14.30 | 40.2 | -17.58 | 31.56 | 247.19 | -6.79 | 23.49 | 237.02 | -12.81 | 2.45 | 337.5 | -37.5 | 1.77 | 302.27 | -30.04 | 0.07 | 40.0 | -22.22 | 44.53 | 67.34 | -0.34 | 50.72 | 43.97 | -19.89 | 46.51 | -57.72 | -9.8 | 55.81 | 658.14 | 15.23 | 22.39 | -22.28 | 21.42 |
| 23Q1 (14) | 0.21 | 130.43 | -83.72 | 26.33 | 80.34 | 5.57 | 10.20 | 205.92 | -30.75 | 9.09 | 137.81 | -70.97 | 6.97 | 135.93 | -72.0 | 0.56 | 130.77 | -84.66 | 0.44 | 140.74 | -80.95 | 0.05 | -16.67 | -44.44 | 26.61 | 409.78 | -36.55 | 35.23 | -39.32 | -32.83 | 110.00 | 184.17 | 136.3 | -10.00 | -117.22 | -118.71 | 28.81 | 8.06 | 46.47 |
| 22Q4 (13) | -0.69 | -126.74 | -315.62 | 14.60 | -52.4 | -32.06 | -9.63 | -142.24 | -206.17 | -24.04 | -145.65 | -441.48 | -19.40 | -146.26 | -440.95 | -1.82 | -126.19 | -297.83 | -1.08 | -124.43 | -277.05 | 0.06 | -40.0 | -40.0 | -8.59 | -113.96 | -150.77 | 58.06 | 2.6 | -18.77 | 38.71 | -10.19 | -69.89 | 58.06 | 2.05 | 303.23 | 26.66 | 60.02 | 61.48 |
| 22Q3 (12) | 2.58 | 82.98 | 352.63 | 30.67 | 6.6 | 28.06 | 22.80 | 31.41 | 83.43 | 52.66 | 55.52 | 289.5 | 41.94 | 55.68 | 287.26 | 6.95 | 77.3 | 329.01 | 4.42 | 74.7 | 294.64 | 0.10 | 11.11 | 0.0 | 61.54 | 37.74 | 152.83 | 56.59 | -10.61 | -5.6 | 43.10 | -16.41 | -51.27 | 56.90 | 17.46 | 639.66 | 16.66 | -9.65 | -10.57 |
| 22Q2 (11) | 1.41 | 9.3 | 540.91 | 28.77 | 15.36 | 29.83 | 17.35 | 17.79 | 75.25 | 33.86 | 8.14 | 500.35 | 26.94 | 8.24 | 513.67 | 3.92 | 7.4 | 553.33 | 2.53 | 9.52 | 438.3 | 0.09 | 0.0 | -10.0 | 44.68 | 6.53 | 163.6 | 63.31 | 20.71 | 51.79 | 51.56 | 10.76 | -69.67 | 48.44 | -9.37 | 160.55 | 18.44 | -6.25 | 0.77 |
| 22Q1 (10) | 1.29 | 303.12 | 303.12 | 24.94 | 16.05 | 14.46 | 14.73 | 62.4 | 66.82 | 31.31 | 344.74 | 201.93 | 24.89 | 337.43 | 200.6 | 3.65 | 296.74 | 305.56 | 2.31 | 278.69 | 225.35 | 0.09 | -10.0 | 12.5 | 41.94 | 147.87 | 65.38 | 52.45 | -26.62 | 67.95 | 46.55 | -63.79 | -45.69 | 53.45 | 287.07 | 274.14 | 19.67 | 19.14 | -18.52 |
| 21Q4 (9) | 0.32 | -43.86 | -20.0 | 21.49 | -10.27 | -4.28 | 9.07 | -27.03 | -16.1 | 7.04 | -47.93 | -16.59 | 5.69 | -47.46 | -16.93 | 0.92 | -43.21 | -20.0 | 0.61 | -45.54 | -32.97 | 0.10 | 0.0 | -23.08 | 16.92 | -30.48 | -8.44 | 71.48 | 19.23 | 123.51 | 128.57 | 45.34 | 0.62 | -28.57 | -471.43 | -2.86 | 16.51 | -11.38 | 3.51 |
| 21Q3 (8) | 0.57 | 159.09 | -14.93 | 23.95 | 8.08 | 1.14 | 12.43 | 25.56 | -10.19 | 13.52 | 139.72 | -3.77 | 10.83 | 146.7 | -5.25 | 1.62 | 170.0 | -16.92 | 1.12 | 138.3 | -26.8 | 0.10 | 0.0 | -23.08 | 24.34 | 43.6 | -0.77 | 59.95 | 43.73 | 117.68 | 88.46 | -47.96 | -8.49 | 7.69 | 109.62 | 0 | 18.63 | 1.8 | 16.73 |
| 21Q2 (7) | 0.22 | -31.25 | -24.14 | 22.16 | 1.7 | -1.29 | 9.90 | 12.12 | 153.2 | 5.64 | -45.61 | -49.82 | 4.39 | -46.98 | -54.51 | 0.60 | -33.33 | -26.83 | 0.47 | -33.8 | -30.88 | 0.10 | 25.0 | 42.86 | 16.95 | -33.16 | -45.66 | 41.71 | 33.56 | 36.22 | 170.00 | 98.33 | 410.0 | -80.00 | -660.0 | -220.0 | 18.30 | -24.19 | 0 |
| 21Q1 (6) | 0.32 | -20.0 | -50.0 | 21.79 | -2.94 | -6.76 | 8.83 | -18.32 | -18.24 | 10.37 | 22.87 | -36.34 | 8.28 | 20.88 | -36.45 | 0.90 | -21.74 | -48.28 | 0.71 | -21.98 | -49.65 | 0.08 | -38.46 | -27.27 | 25.36 | 37.23 | -12.49 | 31.23 | -2.35 | 55.99 | 85.71 | -32.92 | 30.83 | 14.29 | 151.43 | -58.57 | 24.14 | 51.35 | 19.5 |
| 20Q4 (5) | 0.40 | -40.3 | 60.0 | 22.45 | -5.19 | -9.11 | 10.81 | -21.89 | 8.97 | 8.44 | -39.93 | 22.67 | 6.85 | -40.07 | 26.85 | 1.15 | -41.03 | 64.29 | 0.91 | -40.52 | 59.65 | 0.13 | 0.0 | 30.0 | 18.48 | -24.66 | -5.91 | 31.98 | 16.12 | -8.26 | 127.78 | 32.18 | -9.8 | -27.78 | 0 | 33.33 | 15.95 | -0.06 | 0 |
| 20Q3 (4) | 0.67 | 131.03 | 0.0 | 23.68 | 5.48 | 0.0 | 13.84 | 253.96 | 0.0 | 14.05 | 25.0 | 0.0 | 11.43 | 18.45 | 0.0 | 1.95 | 137.8 | 0.0 | 1.53 | 125.0 | 0.0 | 0.13 | 85.71 | 0.0 | 24.53 | -21.35 | 0.0 | 27.54 | -10.06 | 0.0 | 96.67 | 190.0 | 0.0 | 0.00 | -100.0 | 0.0 | 15.96 | 0 | 0.0 |
| 20Q2 (3) | 0.29 | -54.69 | 0.0 | 22.45 | -3.94 | 0.0 | 3.91 | -63.8 | 0.0 | 11.24 | -31.0 | 0.0 | 9.65 | -25.94 | 0.0 | 0.82 | -52.87 | 0.0 | 0.68 | -51.77 | 0.0 | 0.07 | -36.36 | 0.0 | 31.19 | 7.63 | 0.0 | 30.62 | 52.95 | 0.0 | 33.33 | -49.12 | 0.0 | 66.67 | 93.33 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.64 | 156.0 | 0.0 | 23.37 | -5.38 | 0.0 | 10.80 | 8.87 | 0.0 | 16.29 | 136.77 | 0.0 | 13.03 | 141.3 | 0.0 | 1.74 | 148.57 | 0.0 | 1.41 | 147.37 | 0.0 | 0.11 | 10.0 | 0.0 | 28.98 | 47.56 | 0.0 | 20.02 | -42.57 | 0.0 | 65.52 | -53.75 | 0.0 | 34.48 | 182.76 | 0.0 | 20.20 | 0 | 0.0 |
| 19Q4 (1) | 0.25 | 0.0 | 0.0 | 24.70 | 0.0 | 0.0 | 9.92 | 0.0 | 0.0 | 6.88 | 0.0 | 0.0 | 5.40 | 0.0 | 0.0 | 0.70 | 0.0 | 0.0 | 0.57 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 19.64 | 0.0 | 0.0 | 34.86 | 0.0 | 0.0 | 141.67 | 0.0 | 0.0 | -41.67 | 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) | 2.42 | -47.28 | 24.34 | -5.84 | 13.12 | -3.24 | 11.43 | 14.81 | 19.09 | -33.46 | 14.80 | -35.03 | 6.53 | -48.46 | 4.68 | -41.06 | 0.30 | -11.76 | 31.40 | -20.63 | 32.07 | -44.76 | 68.75 | 45.22 | 31.25 | -40.65 | 0.12 | -16.8 | 21.25 | 8.03 |
| 2022 (9) | 4.59 | 223.24 | 25.85 | 15.5 | 13.56 | 33.86 | 9.96 | -8.82 | 28.69 | 215.97 | 22.78 | 214.21 | 12.67 | 211.3 | 7.94 | 179.58 | 0.34 | -8.11 | 39.56 | 92.32 | 58.06 | -18.77 | 47.34 | -57.32 | 52.66 | 0 | 0.14 | 49.3 | 19.67 | 3.42 |
| 2021 (8) | 1.42 | -29.35 | 22.38 | -2.91 | 10.13 | -4.88 | 10.92 | -8.07 | 9.08 | -27.36 | 7.25 | -28.78 | 4.07 | -27.45 | 2.84 | -34.11 | 0.37 | -9.76 | 20.57 | -16.89 | 71.48 | 123.51 | 110.94 | 30.17 | -10.94 | 0 | 0.09 | -21.65 | 19.02 | 0.05 |
| 2020 (7) | 2.01 | -34.95 | 23.05 | -15.41 | 10.65 | -34.1 | 11.88 | 12.02 | 12.50 | -28.57 | 10.18 | -27.13 | 5.61 | -34.15 | 4.31 | -36.43 | 0.41 | -14.58 | 24.75 | -12.88 | 31.98 | -8.26 | 85.23 | -7.45 | 14.77 | 86.67 | 0.12 | 4.96 | 19.01 | 4.22 |
| 2019 (6) | 3.09 | 2.66 | 27.25 | 17.15 | 16.16 | 29.9 | 10.61 | 16.67 | 17.50 | 1.92 | 13.97 | 1.67 | 8.52 | -9.27 | 6.78 | 1.04 | 0.48 | 0.0 | 28.41 | 7.21 | 34.86 | 71.39 | 92.09 | 27.21 | 7.91 | -71.34 | 0.11 | 78.23 | 18.24 | 1.33 |
| 2018 (5) | 3.01 | -13.51 | 23.26 | -20.56 | 12.44 | -30.07 | 9.09 | 6.98 | 17.17 | -0.69 | 13.74 | 0.59 | 9.39 | -15.94 | 6.71 | -7.06 | 0.48 | -5.88 | 26.50 | 0.57 | 20.34 | -70.61 | 72.39 | -29.62 | 27.61 | 0 | 0.06 | 0 | 18.00 | 6.76 |
| 2017 (4) | 3.48 | -38.41 | 29.28 | -8.84 | 17.79 | -21.49 | 8.50 | 15.88 | 17.29 | -29.74 | 13.66 | -31.7 | 11.17 | -38.63 | 7.22 | -41.49 | 0.51 | -16.39 | 26.35 | -18.77 | 69.20 | 40.76 | 102.86 | 11.43 | -2.86 | 0 | 0.00 | 0 | 16.86 | 12.03 |
| 2016 (3) | 5.65 | -9.16 | 32.12 | -0.4 | 22.66 | -1.82 | 7.33 | -5.64 | 24.61 | -6.35 | 20.00 | -11.82 | 18.20 | -13.46 | 12.34 | -10.06 | 0.61 | 3.39 | 32.44 | -6.32 | 49.16 | -3.21 | 92.31 | 5.1 | 8.14 | -33.1 | 0.00 | 0 | 15.05 | 16.22 |
| 2015 (2) | 6.22 | 14.34 | 32.25 | 13.28 | 23.08 | 20.77 | 7.77 | 11.43 | 26.28 | 18.06 | 22.68 | 25.51 | 21.03 | 3.9 | 13.72 | 21.63 | 0.59 | 0.0 | 34.63 | 13.54 | 50.79 | -17.84 | 87.83 | 1.92 | 12.17 | -15.23 | 0.00 | 0 | 12.95 | -0.54 |
| 2014 (1) | 5.44 | 42.04 | 28.47 | 0 | 19.11 | 0 | 6.97 | -16.79 | 22.26 | 0 | 18.07 | 0 | 20.24 | 0 | 11.28 | 0 | 0.59 | 15.69 | 30.50 | 6.61 | 61.82 | -52.34 | 86.17 | 1.98 | 14.36 | -11.78 | 0.00 | 0 | 13.02 | 0.15 |
