- 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) | 2.17 | 14.81 | -11.43 | 20.03 | 13.23 | 11.15 | 10.69 | 5.84 | 3.09 | 10.12 | -11.46 | -12.23 | 6.10 | 1.5 | -23.75 | 3.71 | 10.75 | -22.38 | 2.05 | 7.33 | -17.67 | 0.32 | 6.67 | 10.34 | 15.53 | -12.51 | -18.73 | 85.91 | -7.96 | -17.71 | 105.59 | 19.46 | 17.32 | -5.59 | -148.13 | -155.08 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 1.89 | 60.17 | -28.14 | 17.69 | 31.33 | 24.05 | 10.10 | 91.29 | 42.45 | 11.43 | 51.79 | -1.21 | 6.01 | 40.75 | -30.92 | 3.35 | 67.5 | -34.82 | 1.91 | 55.28 | -30.04 | 0.30 | 20.0 | 3.45 | 17.75 | 15.64 | -9.9 | 93.34 | 10.64 | -15.76 | 88.39 | 26.08 | 44.06 | 11.61 | -61.16 | -70.07 | 18.40 | -1.87 | 1.94 |
| 24Q1 (18) | 1.18 | -7.09 | 686.67 | 13.47 | -20.67 | 4.82 | 5.28 | -36.54 | 35.73 | 7.53 | 13.92 | 430.28 | 4.27 | 3.64 | 1234.37 | 2.00 | -6.98 | 1328.57 | 1.23 | -4.65 | 355.56 | 0.25 | -7.41 | 19.05 | 15.35 | 4.07 | 18.53 | 84.36 | -3.13 | -11.8 | 70.11 | -44.32 | -74.13 | 29.89 | 215.4 | 117.32 | 18.75 | 7.94 | -4.04 |
| 23Q4 (17) | 1.27 | -48.16 | -25.73 | 16.98 | -5.77 | 3.16 | 8.32 | -19.77 | -9.66 | 6.61 | -42.67 | 5.09 | 4.12 | -48.5 | -21.52 | 2.15 | -55.02 | -33.23 | 1.29 | -48.19 | -19.88 | 0.27 | -6.9 | 0.0 | 14.75 | -22.82 | 7.12 | 87.09 | -16.58 | -24.87 | 125.91 | 39.89 | -14.14 | -25.91 | -355.35 | 44.45 | 17.37 | 2.12 | 0.64 |
| 23Q3 (16) | 2.45 | -6.84 | -23.44 | 18.02 | 26.37 | 21.43 | 10.37 | 46.26 | 19.33 | 11.53 | -0.35 | -4.39 | 8.00 | -8.05 | -8.78 | 4.78 | -7.0 | -29.39 | 2.49 | -8.79 | -15.88 | 0.29 | 0.0 | -9.38 | 19.11 | -2.99 | 4.88 | 104.40 | -5.78 | -22.93 | 90.00 | 46.68 | 24.82 | 10.14 | -73.85 | -63.78 | 17.01 | -5.76 | 5.39 |
| 23Q2 (15) | 2.63 | 1653.33 | 115.57 | 14.26 | 10.97 | 25.75 | 7.09 | 82.26 | 78.59 | 11.57 | 714.79 | 43.91 | 8.70 | 2618.75 | 64.77 | 5.14 | 3571.43 | 84.23 | 2.73 | 911.11 | 116.67 | 0.29 | 38.1 | 31.82 | 19.70 | 52.12 | 18.96 | 110.80 | 15.84 | -22.81 | 61.36 | -77.36 | 23.95 | 38.79 | 122.48 | -23.18 | 18.05 | -7.63 | -15.81 |
| 23Q1 (14) | 0.15 | -91.23 | -88.89 | 12.85 | -21.93 | 16.71 | 3.89 | -57.76 | 14.41 | 1.42 | -77.42 | -80.6 | 0.32 | -93.9 | -94.14 | 0.14 | -95.65 | -96.02 | 0.27 | -83.23 | -82.47 | 0.21 | -22.22 | -22.22 | 12.95 | -5.95 | -8.22 | 95.65 | -17.49 | -30.21 | 270.97 | 84.79 | 481.4 | -172.58 | -270.09 | -421.86 | 19.54 | 13.21 | 9.9 |
| 22Q4 (13) | 1.71 | -46.56 | 64.42 | 16.46 | 10.92 | 68.65 | 9.21 | 5.98 | 89.9 | 6.29 | -47.84 | 59.64 | 5.25 | -40.14 | 76.77 | 3.22 | -52.44 | 44.39 | 1.61 | -45.61 | 64.29 | 0.27 | -15.62 | -12.9 | 13.77 | -24.42 | 41.23 | 115.92 | -14.42 | -18.06 | 146.63 | 103.36 | 19.11 | -46.63 | -266.49 | -101.82 | 17.26 | 6.94 | -9.21 |
| 22Q3 (12) | 3.20 | 162.3 | 130.22 | 14.84 | 30.86 | 12.25 | 8.69 | 118.89 | 17.27 | 12.06 | 50.0 | 62.97 | 8.77 | 66.1 | 92.75 | 6.77 | 142.65 | 119.81 | 2.96 | 134.92 | 119.26 | 0.32 | 45.45 | 14.29 | 18.22 | 10.02 | 30.61 | 135.46 | -5.63 | -6.11 | 72.10 | 45.66 | -27.9 | 28.01 | -44.53 | 0 | 16.14 | -24.72 | -17.53 |
| 22Q2 (11) | 1.22 | -9.63 | -35.11 | 11.34 | 3.0 | -15.06 | 3.97 | 16.76 | -49.04 | 8.04 | 9.84 | 15.02 | 5.28 | -3.3 | -10.66 | 2.79 | -20.74 | -32.45 | 1.26 | -18.18 | -25.88 | 0.22 | -18.52 | -21.43 | 16.56 | 17.36 | 30.7 | 143.54 | 4.73 | 1.76 | 49.50 | 6.21 | -55.57 | 50.50 | -5.82 | 542.11 | 21.44 | 20.58 | 11.96 |
| 22Q1 (10) | 1.35 | 29.81 | 35.0 | 11.01 | 12.81 | -9.08 | 3.40 | -29.9 | -40.97 | 7.32 | 85.79 | 34.56 | 5.46 | 83.84 | 39.29 | 3.52 | 57.85 | 46.67 | 1.54 | 57.14 | 43.93 | 0.27 | -12.9 | 12.5 | 14.11 | 44.72 | 15.18 | 137.06 | -3.12 | -8.79 | 46.61 | -62.14 | -56.03 | 53.62 | 332.06 | 995.77 | 17.78 | -6.47 | -19.03 |
| 21Q4 (9) | 1.04 | -25.18 | -51.4 | 9.76 | -26.17 | -41.87 | 4.85 | -34.55 | -54.63 | 3.94 | -46.76 | -49.94 | 2.97 | -34.73 | -52.71 | 2.23 | -27.6 | -56.95 | 0.98 | -27.41 | -51.24 | 0.31 | 10.71 | 0.0 | 9.75 | -30.11 | -21.94 | 141.47 | -1.95 | -13.04 | 123.11 | 23.11 | -9.44 | -23.11 | 0 | 35.69 | 19.01 | -2.86 | -4.04 |
| 21Q3 (8) | 1.39 | -26.06 | -45.91 | 13.22 | -0.97 | -23.18 | 7.41 | -4.88 | -38.96 | 7.40 | 5.87 | -26.15 | 4.55 | -23.01 | -44.51 | 3.08 | -25.42 | -57.34 | 1.35 | -20.59 | -53.29 | 0.28 | 0.0 | -17.65 | 13.95 | 10.1 | -2.52 | 144.28 | 2.28 | -12.76 | 100.00 | -10.25 | -17.38 | 0.00 | 100.0 | 100.0 | 19.57 | 2.19 | -1.81 |
| 21Q2 (7) | 1.88 | 88.0 | -10.9 | 13.35 | 10.24 | -20.54 | 7.79 | 35.24 | -26.3 | 6.99 | 28.49 | -31.07 | 5.91 | 50.77 | -26.58 | 4.13 | 72.08 | -30.7 | 1.70 | 58.88 | -35.85 | 0.28 | 16.67 | -12.5 | 12.67 | 3.43 | -16.09 | 141.06 | -6.13 | -3.24 | 111.42 | 5.13 | 6.97 | -11.42 | -90.81 | -174.13 | 19.15 | -12.8 | -9.8 |
| 21Q1 (6) | 1.00 | -53.27 | 332.56 | 12.11 | -27.87 | 54.07 | 5.76 | -46.12 | 404.76 | 5.44 | -30.88 | 755.42 | 3.92 | -37.58 | 230.67 | 2.40 | -53.67 | 305.13 | 1.07 | -46.77 | 343.18 | 0.24 | -22.58 | 33.33 | 12.25 | -1.92 | 54.87 | 150.27 | -7.63 | 26.26 | 105.99 | -22.03 | -53.12 | -5.99 | 83.34 | 95.25 | 21.96 | 10.85 | -16.28 |
| 20Q4 (5) | 2.14 | -16.73 | 923.08 | 16.79 | -2.44 | 65.09 | 10.69 | -11.94 | 312.74 | 7.87 | -21.46 | 398.1 | 6.28 | -23.41 | 740.82 | 5.18 | -28.25 | 1115.69 | 2.01 | -30.45 | 1157.89 | 0.31 | -8.82 | 24.0 | 12.49 | -12.72 | 38.78 | 162.68 | -1.63 | 39.19 | 135.93 | 12.31 | -17.32 | -35.93 | -70.81 | 44.21 | 19.81 | -0.6 | 0 |
| 20Q3 (4) | 2.57 | 21.8 | 0.0 | 17.21 | 2.44 | 0.0 | 12.14 | 14.85 | 0.0 | 10.02 | -1.18 | 0.0 | 8.20 | 1.86 | 0.0 | 7.22 | 21.14 | 0.0 | 2.89 | 9.06 | 0.0 | 0.34 | 6.25 | 0.0 | 14.31 | -5.23 | 0.0 | 165.38 | 13.44 | 0.0 | 121.04 | 16.2 | 0.0 | -21.04 | -404.88 | 0.0 | 19.93 | -6.12 | 0.0 |
| 20Q2 (3) | 2.11 | 590.7 | 0.0 | 16.80 | 113.74 | 0.0 | 10.57 | 659.26 | 0.0 | 10.14 | 1321.69 | 0.0 | 8.05 | 368.33 | 0.0 | 5.96 | 609.4 | 0.0 | 2.65 | 702.27 | 0.0 | 0.32 | 77.78 | 0.0 | 15.10 | 90.9 | 0.0 | 145.78 | 22.48 | 0.0 | 104.17 | -53.93 | 0.0 | -4.17 | 96.7 | 0.0 | 21.23 | -19.06 | 0.0 |
| 20Q1 (2) | -0.43 | -65.38 | 0.0 | 7.86 | -22.71 | 0.0 | -1.89 | -172.97 | 0.0 | -0.83 | -152.53 | 0.0 | -3.00 | -206.12 | 0.0 | -1.17 | -129.41 | 0.0 | -0.44 | -131.58 | 0.0 | 0.18 | -28.0 | 0.0 | 7.91 | -12.11 | 0.0 | 119.02 | 1.83 | 0.0 | 226.09 | 37.52 | 0.0 | -126.09 | -95.77 | 0.0 | 26.23 | 0 | 0.0 |
| 19Q4 (1) | -0.26 | 0.0 | 0.0 | 10.17 | 0.0 | 0.0 | 2.59 | 0.0 | 0.0 | 1.58 | 0.0 | 0.0 | -0.98 | 0.0 | 0.0 | -0.51 | 0.0 | 0.0 | -0.19 | 0.0 | 0.0 | 0.25 | 0.0 | 0.0 | 9.00 | 0.0 | 0.0 | 116.88 | 0.0 | 0.0 | 164.41 | 0.0 | 0.0 | -64.41 | 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) | 6.50 | -13.1 | 15.70 | 15.53 | 7.67 | 16.92 | 7.67 | 17.14 | 8.28 | -4.06 | 5.68 | -10.69 | 11.92 | -26.83 | 6.70 | -12.3 | 1.04 | -7.14 | 16.94 | 7.49 | 87.09 | -24.87 | 92.57 | 21.82 | 7.43 | -69.05 | 0.16 | 1.69 | 17.89 | -0.06 |
| 2022 (9) | 7.48 | 40.87 | 13.59 | 12.78 | 6.56 | 2.02 | 6.54 | 12.62 | 8.63 | 46.02 | 6.36 | 47.22 | 16.29 | 37.35 | 7.64 | 52.8 | 1.12 | 2.75 | 15.76 | 30.46 | 115.92 | -18.06 | 75.99 | -30.24 | 24.01 | 0 | 0.16 | -12.61 | 17.90 | -9.73 |
| 2021 (8) | 5.31 | -16.9 | 12.05 | -23.54 | 6.43 | -32.17 | 5.81 | 21.5 | 5.91 | -25.85 | 4.32 | -29.3 | 11.86 | -28.55 | 5.00 | -29.97 | 1.09 | -2.68 | 12.08 | -7.79 | 141.47 | -13.04 | 108.94 | -8.43 | -8.94 | 0 | 0.18 | -15.97 | 19.83 | -5.71 |
| 2020 (7) | 6.39 | 15875.0 | 15.76 | 55.27 | 9.48 | 460.95 | 4.78 | -22.3 | 7.97 | 97.28 | 6.11 | 239.44 | 16.60 | 422.01 | 7.14 | 298.88 | 1.12 | 23.08 | 13.10 | 25.0 | 162.68 | 39.19 | 118.97 | 185.09 | -18.97 | 0 | 0.21 | -36.97 | 21.03 | -13.81 |
| 2019 (6) | 0.04 | -93.55 | 10.15 | -14.13 | 1.69 | 24.26 | 6.16 | -7.96 | 4.04 | 24.69 | 1.80 | 48.76 | 3.18 | 91.57 | 1.79 | 62.73 | 0.91 | 13.75 | 10.48 | 2.54 | 116.88 | 59.91 | 41.73 | -0.67 | 58.46 | 0.3 | 0.34 | -29.06 | 24.40 | 11.93 |
| 2018 (5) | 0.62 | -31.11 | 11.82 | -29.89 | 1.36 | -71.43 | 6.69 | 9.52 | 3.24 | -13.83 | 1.21 | -24.84 | 1.66 | -28.76 | 1.10 | -26.17 | 0.80 | -6.98 | 10.22 | 1.29 | 73.09 | 6.17 | 42.01 | -66.86 | 58.28 | 0 | 0.47 | 0 | 21.80 | 12.26 |
| 2017 (4) | 0.90 | -57.35 | 16.86 | 10.56 | 4.76 | -16.2 | 6.11 | 1.1 | 3.76 | -48.91 | 1.61 | -60.83 | 2.33 | -63.65 | 1.49 | -60.99 | 0.86 | -4.44 | 10.09 | -26.19 | 68.84 | 2.82 | 126.77 | 64.24 | -26.77 | 0 | 0.00 | 0 | 19.42 | 5.26 |
| 2016 (3) | 2.11 | -10.21 | 15.25 | 12.88 | 5.68 | -4.22 | 6.04 | 17.69 | 7.36 | 3.95 | 4.11 | -14.55 | 6.41 | -29.48 | 3.82 | -27.51 | 0.90 | -15.89 | 13.67 | 9.89 | 66.95 | -15.33 | 77.19 | -7.81 | 22.81 | 40.16 | 0.00 | 0 | 18.45 | -5.58 |
| 2015 (2) | 2.35 | 20.51 | 13.51 | 1.5 | 5.93 | -8.06 | 5.13 | 16.52 | 7.08 | 17.02 | 4.81 | 8.33 | 9.09 | 5.57 | 5.27 | 3.54 | 1.07 | -1.83 | 12.44 | 15.08 | 79.07 | 8.17 | 83.72 | -21.38 | 16.28 | 0 | 0.00 | 0 | 19.54 | 1.82 |
| 2014 (1) | 1.95 | 550.0 | 13.31 | 0 | 6.45 | 0 | 4.40 | -4.15 | 6.05 | 0 | 4.44 | 0 | 8.61 | 0 | 5.09 | 0 | 1.09 | 17.2 | 10.81 | 64.54 | 73.10 | -10.34 | 106.48 | -44.22 | -6.48 | 0 | 0.00 | 0 | 19.19 | -13.05 |
