- 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) | 0.56 | 5.66 | -12.5 | 15.22 | 6.14 | 28.98 | 8.04 | 18.93 | 28.64 | 6.65 | -19.49 | -10.62 | 5.18 | -14.38 | -9.76 | 1.94 | -9.77 | -26.79 | 1.30 | -8.45 | -21.69 | 0.24 | 9.09 | -14.29 | 9.80 | -18.27 | -0.2 | 51.87 | -14.18 | -15.93 | 120.75 | 47.66 | 43.78 | -20.75 | -213.87 | -229.56 | 15.22 | -5.05 | 15.65 |
| 24Q2 (19) | 0.53 | 60.61 | -14.52 | 14.34 | 19.3 | 37.88 | 6.76 | 87.78 | 52.94 | 8.26 | 49.91 | 9.84 | 6.05 | 42.02 | 4.67 | 2.15 | 65.38 | -10.42 | 1.42 | 63.22 | -8.39 | 0.22 | 15.79 | -15.38 | 11.99 | 31.04 | 15.96 | 60.44 | 3.97 | -2.92 | 81.78 | 24.61 | 39.17 | 18.22 | -47.59 | -55.81 | 16.03 | -4.07 | 0.94 |
| 24Q1 (18) | 0.33 | -44.07 | -42.11 | 12.02 | -13.65 | -10.63 | 3.60 | -48.42 | -50.89 | 5.51 | -15.88 | -23.79 | 4.26 | -30.51 | -23.79 | 1.30 | -49.81 | -42.48 | 0.87 | -46.95 | -40.0 | 0.19 | -26.92 | -20.83 | 9.15 | 1.22 | -11.93 | 58.13 | -1.41 | -2.19 | 65.62 | -38.59 | -35.26 | 34.77 | 623.97 | 2649.48 | 16.71 | 15.48 | 8.44 |
| 23Q4 (17) | 0.59 | -7.81 | -11.94 | 13.92 | 17.97 | -6.76 | 6.98 | 11.68 | -23.88 | 6.55 | -11.96 | -14.71 | 6.13 | 6.79 | 7.17 | 2.59 | -2.26 | -13.38 | 1.64 | -1.2 | -8.38 | 0.26 | -7.14 | -13.33 | 9.04 | -7.94 | -9.87 | 58.96 | -4.44 | -18.12 | 106.87 | 27.25 | -10.61 | -6.64 | -141.43 | 66.07 | 14.47 | 9.95 | 13.22 |
| 23Q3 (16) | 0.64 | 3.23 | -32.63 | 11.80 | 13.46 | -11.08 | 6.25 | 41.4 | -16.11 | 7.44 | -1.06 | -29.55 | 5.74 | -0.69 | -32.87 | 2.65 | 10.42 | -32.91 | 1.66 | 7.1 | -29.96 | 0.28 | 7.69 | 3.7 | 9.82 | -5.03 | -25.61 | 61.70 | -0.9 | -14.91 | 83.98 | 42.93 | 19.11 | 16.02 | -61.16 | -45.69 | 13.16 | -17.13 | -5.73 |
| 23Q2 (15) | 0.62 | 8.77 | 21.57 | 10.40 | -22.68 | -3.53 | 4.42 | -39.7 | -18.75 | 7.52 | 4.01 | 11.9 | 5.78 | 3.4 | 21.68 | 2.40 | 6.19 | 12.68 | 1.55 | 6.9 | 17.42 | 0.26 | 8.33 | -3.7 | 10.34 | -0.48 | 12.27 | 62.26 | 4.76 | -6.95 | 58.76 | -42.03 | -27.33 | 41.24 | 3124.22 | 115.48 | 15.88 | 3.05 | 24.26 |
| 23Q1 (14) | 0.57 | -14.93 | 35.71 | 13.45 | -9.91 | 30.33 | 7.33 | -20.07 | 44.01 | 7.23 | -5.86 | 16.43 | 5.59 | -2.27 | 18.18 | 2.26 | -24.41 | 12.44 | 1.45 | -18.99 | 19.83 | 0.24 | -20.0 | -4.0 | 10.39 | 3.59 | 21.24 | 59.43 | -17.47 | -6.29 | 101.36 | -15.22 | 23.78 | -1.36 | 93.03 | -107.53 | 15.41 | 20.58 | 27.99 |
| 22Q4 (13) | 0.67 | -29.47 | 26.42 | 14.93 | 12.51 | 39.53 | 9.17 | 23.09 | 63.75 | 7.68 | -27.27 | 25.08 | 5.72 | -33.1 | 18.43 | 2.99 | -24.3 | 18.65 | 1.79 | -24.47 | 20.95 | 0.30 | 11.11 | 0.0 | 10.03 | -24.02 | 30.09 | 72.01 | -0.69 | -0.77 | 119.55 | 69.55 | 31.12 | -19.55 | -166.31 | -321.61 | 12.78 | -8.45 | 15.03 |
| 22Q3 (12) | 0.95 | 86.27 | 69.64 | 13.27 | 23.1 | 23.9 | 7.45 | 36.95 | 29.12 | 10.56 | 57.14 | 53.04 | 8.55 | 80.0 | 75.2 | 3.95 | 85.45 | 58.0 | 2.37 | 79.55 | 58.0 | 0.27 | 0.0 | -10.0 | 13.20 | 43.32 | 55.48 | 72.51 | 8.37 | 2.71 | 70.51 | -12.8 | -15.67 | 29.49 | 54.08 | 79.96 | 13.96 | 9.23 | 16.92 |
| 22Q2 (11) | 0.51 | 21.43 | 13.33 | 10.78 | 4.46 | -8.02 | 5.44 | 6.88 | -12.12 | 6.72 | 8.21 | -2.33 | 4.75 | 0.42 | -10.21 | 2.13 | 5.97 | 2.4 | 1.32 | 9.09 | 2.33 | 0.27 | 8.0 | 12.5 | 9.21 | 7.47 | 4.3 | 66.91 | 5.5 | 1.55 | 80.86 | -1.26 | -9.93 | 19.14 | 5.69 | 92.45 | 12.78 | 6.15 | -3.98 |
| 22Q1 (10) | 0.42 | -20.75 | 27.27 | 10.32 | -3.55 | -4.0 | 5.09 | -9.11 | -3.05 | 6.21 | 1.14 | 12.3 | 4.73 | -2.07 | 14.81 | 2.01 | -20.24 | 30.52 | 1.21 | -18.24 | 24.74 | 0.25 | -16.67 | 8.7 | 8.57 | 11.15 | 11.3 | 63.42 | -12.61 | 5.05 | 81.89 | -10.18 | -13.95 | 18.11 | 105.23 | 247.93 | 12.04 | 8.37 | -6.45 |
| 21Q4 (9) | 0.53 | -5.36 | 39.47 | 10.70 | -0.09 | -12.37 | 5.60 | -2.95 | -14.76 | 6.14 | -11.01 | -31.7 | 4.83 | -1.02 | -14.36 | 2.52 | 0.8 | 2.44 | 1.48 | -1.33 | -3.27 | 0.30 | 0.0 | 11.11 | 7.71 | -9.19 | -29.4 | 72.57 | 2.79 | 17.6 | 91.18 | 9.05 | 24.52 | 8.82 | -46.15 | -67.29 | 11.11 | -6.95 | -12.31 |
| 21Q3 (8) | 0.56 | 24.44 | -1.75 | 10.71 | -8.62 | -28.7 | 5.77 | -6.79 | -33.83 | 6.90 | 0.29 | -18.92 | 4.88 | -7.75 | -21.16 | 2.50 | 20.19 | -10.07 | 1.50 | 16.28 | -10.18 | 0.30 | 25.0 | 11.11 | 8.49 | -3.85 | -18.83 | 70.60 | 7.15 | 12.8 | 83.61 | -6.87 | -18.51 | 16.39 | 64.78 | 785.26 | 11.94 | -10.29 | 3.02 |
| 21Q2 (7) | 0.45 | 36.36 | 50.0 | 11.72 | 9.02 | 25.48 | 6.19 | 17.9 | 187.91 | 6.88 | 24.41 | 75.06 | 5.29 | 28.4 | 90.29 | 2.08 | 35.06 | 80.87 | 1.29 | 32.99 | 76.71 | 0.24 | 4.35 | 0.0 | 8.83 | 14.68 | 42.42 | 65.89 | 9.14 | -12.74 | 89.78 | -5.66 | 64.31 | 9.94 | 91.08 | -78.08 | 13.31 | 3.42 | 0 |
| 21Q1 (6) | 0.33 | -13.16 | 725.0 | 10.75 | -11.96 | 152.35 | 5.25 | -20.09 | 1910.34 | 5.53 | -38.49 | 476.04 | 4.12 | -26.95 | 2068.42 | 1.54 | -37.4 | 2100.0 | 0.97 | -36.6 | 977.78 | 0.23 | -14.81 | 0.0 | 7.70 | -29.49 | 134.04 | 60.37 | -2.17 | -8.7 | 95.17 | 29.97 | 405.89 | 5.20 | -80.71 | -96.03 | 12.87 | 1.58 | 0 |
| 20Q4 (5) | 0.38 | -33.33 | 322.22 | 12.21 | -18.71 | 65.67 | 6.57 | -24.66 | 127.34 | 8.99 | 5.64 | 332.21 | 5.64 | -8.89 | 344.09 | 2.46 | -11.51 | 284.37 | 1.53 | -8.38 | 273.17 | 0.27 | 0.0 | -6.9 | 10.92 | 4.4 | 188.13 | 61.71 | -1.41 | -14.8 | 73.23 | -28.64 | -47.41 | 26.98 | 1228.16 | 170.14 | 12.67 | 9.32 | 0 |
| 20Q3 (4) | 0.57 | 90.0 | 0.0 | 15.02 | 60.81 | 0.0 | 8.72 | 305.58 | 0.0 | 8.51 | 116.54 | 0.0 | 6.19 | 122.66 | 0.0 | 2.78 | 141.74 | 0.0 | 1.67 | 128.77 | 0.0 | 0.27 | 12.5 | 0.0 | 10.46 | 68.71 | 0.0 | 62.59 | -17.11 | 0.0 | 102.61 | 87.79 | 0.0 | -2.39 | -105.27 | 0.0 | 11.59 | 0 | 0.0 |
| 20Q2 (3) | 0.30 | 650.0 | 0.0 | 9.34 | 119.25 | 0.0 | 2.15 | 841.38 | 0.0 | 3.93 | 309.38 | 0.0 | 2.78 | 1363.16 | 0.0 | 1.15 | 1542.86 | 0.0 | 0.73 | 711.11 | 0.0 | 0.24 | 4.35 | 0.0 | 6.20 | 88.45 | 0.0 | 75.51 | 14.2 | 0.0 | 54.64 | 275.63 | 0.0 | 45.36 | -65.4 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.04 | -55.56 | 0.0 | 4.26 | -42.2 | 0.0 | -0.29 | -110.03 | 0.0 | 0.96 | -53.85 | 0.0 | 0.19 | -85.04 | 0.0 | 0.07 | -89.06 | 0.0 | 0.09 | -78.05 | 0.0 | 0.23 | -20.69 | 0.0 | 3.29 | -13.19 | 0.0 | 66.12 | -8.71 | 0.0 | -31.11 | -122.34 | 0.0 | 131.11 | 440.89 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.09 | 0.0 | 0.0 | 7.37 | 0.0 | 0.0 | 2.89 | 0.0 | 0.0 | 2.08 | 0.0 | 0.0 | 1.27 | 0.0 | 0.0 | 0.64 | 0.0 | 0.0 | 0.41 | 0.0 | 0.0 | 0.29 | 0.0 | 0.0 | 3.79 | 0.0 | 0.0 | 72.43 | 0.0 | 0.0 | 139.23 | 0.0 | 0.0 | -38.46 | 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 | -5.1 | 12.39 | -0.8 | 6.25 | -9.94 | 2.40 | 5.34 | 7.18 | -8.3 | 5.81 | -2.68 | 9.89 | -8.85 | 6.18 | -3.89 | 1.03 | -2.83 | 9.89 | -3.89 | 58.96 | -18.12 | 86.92 | -1.87 | 13.03 | 13.99 | 0.22 | 51.98 | 14.68 | 13.8 |
| 2022 (9) | 2.55 | 36.36 | 12.49 | 14.17 | 6.94 | 21.54 | 2.28 | 34.8 | 7.83 | 22.34 | 5.97 | 24.38 | 10.85 | 25.43 | 6.43 | 23.42 | 1.06 | -1.85 | 10.29 | 25.95 | 72.01 | -0.77 | 88.57 | -0.73 | 11.43 | 6.02 | 0.15 | -1.6 | 12.90 | 5.91 |
| 2021 (8) | 1.87 | 46.09 | 10.94 | 4.79 | 5.71 | 26.89 | 1.69 | -9.91 | 6.40 | 10.15 | 4.80 | 24.68 | 8.65 | 38.84 | 5.21 | 34.97 | 1.08 | 11.34 | 8.17 | 3.16 | 72.57 | 17.6 | 89.22 | 15.07 | 10.78 | -52.01 | 0.15 | -17.27 | 12.18 | 0.58 |
| 2020 (7) | 1.28 | -35.68 | 10.44 | 13.23 | 4.50 | -3.64 | 1.88 | 17.3 | 5.81 | -2.84 | 3.85 | -14.44 | 6.23 | -32.21 | 3.86 | -27.99 | 0.97 | -14.91 | 7.92 | 0.76 | 61.71 | -14.8 | 77.54 | -0.65 | 22.46 | 2.29 | 0.18 | 4.87 | 12.11 | 19.78 |
| 2019 (6) | 1.99 | -13.1 | 9.22 | 6.47 | 4.67 | 4.71 | 1.60 | 31.02 | 5.98 | -7.72 | 4.50 | -9.46 | 9.19 | -16.53 | 5.36 | -15.06 | 1.14 | -8.06 | 7.86 | -0.25 | 72.43 | -14.18 | 78.04 | 13.32 | 21.96 | -29.47 | 0.17 | 3.59 | 10.11 | 0.9 |
| 2018 (5) | 2.29 | 72.18 | 8.66 | 3.96 | 4.46 | 11.5 | 1.22 | -25.41 | 6.48 | 51.4 | 4.97 | 52.92 | 11.01 | 52.49 | 6.31 | 42.76 | 1.24 | -6.77 | 7.88 | 30.25 | 84.40 | 17.73 | 68.86 | -26.35 | 31.14 | 379.41 | 0.16 | 0 | 10.02 | 12.08 |
| 2017 (4) | 1.33 | -38.14 | 8.33 | 5.18 | 4.00 | 497.01 | 1.64 | -50.94 | 4.28 | -45.55 | 3.25 | -52.76 | 7.22 | -34.72 | 4.42 | -35.29 | 1.33 | 35.71 | 6.05 | -46.98 | 71.69 | 16.84 | 93.51 | 991.15 | 6.49 | -92.9 | 0.00 | 0 | 8.94 | -36.91 |
| 2016 (3) | 2.15 | 290.91 | 7.92 | -3.65 | 0.67 | -60.36 | 3.34 | -13.25 | 7.86 | 103.1 | 6.88 | 174.1 | 11.06 | 171.08 | 6.83 | 163.71 | 0.98 | -1.01 | 11.41 | 40.52 | 61.36 | -6.92 | 8.57 | -80.34 | 91.43 | 62.05 | 0.00 | 0 | 14.17 | -5.85 |
| 2015 (2) | 0.55 | 37.5 | 8.22 | -2.49 | 1.69 | -3.43 | 3.85 | -1.56 | 3.87 | 12.83 | 2.51 | 14.09 | 4.08 | 25.93 | 2.59 | 22.17 | 0.99 | 11.24 | 8.12 | 3.57 | 65.92 | 7.27 | 43.58 | -14.44 | 56.42 | 14.99 | 0.00 | 0 | 15.05 | -6.93 |
| 2014 (1) | 0.40 | -36.51 | 8.43 | 0 | 1.75 | 0 | 3.91 | -5.52 | 3.43 | 0 | 2.20 | 0 | 3.24 | 0 | 2.12 | 0 | 0.89 | 11.25 | 7.84 | -16.42 | 61.45 | -12.14 | 50.93 | 22.88 | 49.07 | -16.41 | 0.00 | 0 | 16.17 | -5.71 |
