- 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) | 1.49 | 156.9 | -26.96 | 15.69 | 22.96 | 5.09 | 7.05 | 145.64 | 35.06 | 6.03 | 56.62 | -4.13 | 4.12 | 94.34 | -13.45 | 2.64 | 118.18 | -22.81 | 1.01 | 68.33 | -27.34 | 0.21 | 5.0 | -22.22 | 11.56 | 16.53 | 8.24 | 222.54 | 11.28 | 23.68 | 117.05 | 56.95 | 40.92 | -17.05 | -167.05 | -200.61 | 13.51 | -8.1 | -10.23 |
| 24Q2 (19) | 0.58 | -30.12 | -63.75 | 12.76 | 14.44 | 0.47 | 2.87 | 1950.0 | 277.63 | 3.85 | 8.15 | -32.69 | 2.12 | -23.74 | -53.91 | 1.21 | -15.38 | -47.39 | 0.60 | -4.76 | -41.18 | 0.20 | 11.11 | 5.26 | 9.92 | 5.08 | -15.36 | 199.98 | 10.46 | 24.11 | 74.58 | 1767.17 | 459.61 | 25.42 | -73.52 | -70.63 | 14.70 | -1.21 | -15.52 |
| 24Q1 (18) | 0.83 | 3.75 | 162.88 | 11.15 | -8.53 | -3.63 | 0.14 | -97.02 | -85.71 | 3.56 | -4.56 | 226.24 | 2.78 | 14.88 | 186.6 | 1.43 | -28.14 | 184.62 | 0.63 | -25.0 | 221.15 | 0.18 | -37.93 | -10.0 | 9.44 | 13.87 | 237.14 | 181.04 | -3.3 | 17.45 | 3.99 | -96.84 | 111.46 | 96.01 | 465.88 | -28.81 | 14.88 | 29.96 | 1.09 |
| 23Q4 (17) | 0.80 | -60.78 | 40.35 | 12.19 | -18.35 | 1.92 | 4.70 | -9.96 | 18.69 | 3.73 | -40.7 | 16.2 | 2.42 | -49.16 | 56.13 | 1.99 | -41.81 | 67.23 | 0.84 | -39.57 | 50.0 | 0.29 | 7.41 | 3.57 | 8.29 | -22.38 | 20.49 | 187.22 | 4.05 | 9.41 | 126.24 | 51.99 | 2.34 | -26.24 | -254.87 | -12.37 | 11.45 | -23.92 | -15.87 |
| 23Q3 (16) | 2.04 | 27.5 | 35.1 | 14.93 | 17.56 | -2.93 | 5.22 | 586.84 | -16.21 | 6.29 | 9.97 | 23.58 | 4.76 | 3.48 | 37.18 | 3.42 | 48.7 | 33.07 | 1.39 | 36.27 | 33.65 | 0.27 | 42.11 | 0.0 | 10.68 | -8.87 | 21.23 | 179.93 | 11.67 | 4.74 | 83.06 | 523.25 | -32.02 | 16.94 | -80.43 | 176.41 | 15.05 | -13.51 | 0.2 |
| 23Q2 (15) | 1.60 | 221.21 | 55.34 | 12.70 | 9.77 | -2.98 | 0.76 | -22.45 | -79.68 | 5.72 | 302.84 | 30.0 | 4.60 | 243.3 | 70.37 | 2.30 | 236.09 | 32.18 | 1.02 | 296.15 | 37.84 | 0.19 | -5.0 | -20.83 | 11.72 | 318.57 | 33.94 | 161.13 | 4.53 | -3.79 | 13.33 | 138.23 | -84.33 | 86.57 | -35.8 | 478.35 | 17.40 | 18.21 | 32.32 |
| 23Q1 (14) | -1.32 | -331.58 | -4500.0 | 11.57 | -3.26 | 13.77 | 0.98 | -75.25 | 508.33 | -2.82 | -187.85 | -347.37 | -3.21 | -307.1 | -482.14 | -1.69 | -242.02 | -467.39 | -0.52 | -192.86 | -300.0 | 0.20 | -28.57 | -4.76 | 2.80 | -59.3 | -57.77 | 154.14 | -9.92 | -4.47 | -34.86 | -128.26 | -64.56 | 134.86 | 677.5 | 11.74 | 14.72 | 8.16 | -7.42 |
| 22Q4 (13) | 0.57 | -62.25 | 39.02 | 11.96 | -22.24 | 17.6 | 3.96 | -36.44 | 67.8 | 3.21 | -36.94 | 42.67 | 1.55 | -55.33 | 26.02 | 1.19 | -53.7 | 7.21 | 0.56 | -46.15 | 9.8 | 0.28 | 3.7 | -17.65 | 6.88 | -21.91 | 8.69 | 171.11 | -0.4 | 9.85 | 123.35 | 0.97 | 17.45 | -23.35 | -5.32 | -364.85 | 13.61 | -9.39 | 11.01 |
| 22Q3 (12) | 1.51 | 46.6 | 84.15 | 15.38 | 17.49 | 35.15 | 6.23 | 66.58 | 102.93 | 5.09 | 15.68 | 59.56 | 3.47 | 28.52 | 52.86 | 2.57 | 47.7 | 61.64 | 1.04 | 40.54 | 48.57 | 0.27 | 12.5 | 0.0 | 8.81 | 0.69 | 16.38 | 171.79 | 2.57 | 2.53 | 122.17 | 43.68 | 26.68 | -22.17 | -248.13 | -723.61 | 15.02 | 14.22 | 3.66 |
| 22Q2 (11) | 1.03 | 3333.33 | 66.13 | 13.09 | 28.71 | 4.72 | 3.74 | 1658.33 | 96.84 | 4.40 | 285.96 | 61.76 | 2.70 | 221.43 | 52.54 | 1.74 | 278.26 | 67.31 | 0.74 | 184.62 | 48.0 | 0.24 | 14.29 | 4.35 | 8.75 | 31.98 | 9.24 | 167.48 | 3.8 | 13.32 | 85.03 | 501.43 | 21.4 | 14.97 | -87.6 | -50.03 | 13.15 | -17.3 | -15.38 |
| 22Q1 (10) | 0.03 | -92.68 | -40.0 | 10.17 | 0.0 | -4.06 | -0.24 | -110.17 | -118.32 | 1.14 | -49.33 | -38.38 | 0.84 | -31.71 | -16.83 | 0.46 | -58.56 | -32.35 | 0.26 | -49.02 | -21.21 | 0.21 | -38.24 | -16.0 | 6.63 | 4.74 | 4.08 | 161.35 | 3.58 | -4.03 | -21.18 | -120.17 | -129.98 | 120.69 | 2502.48 | 307.47 | 15.90 | 29.69 | 1.73 |
| 21Q4 (9) | 0.41 | -50.0 | -58.59 | 10.17 | -10.63 | -15.81 | 2.36 | -23.13 | -35.52 | 2.25 | -29.47 | -4.66 | 1.23 | -45.81 | -28.49 | 1.11 | -30.19 | -29.75 | 0.51 | -27.14 | -21.54 | 0.34 | 25.93 | 6.25 | 6.33 | -16.38 | 10.09 | 155.77 | -7.03 | -10.19 | 105.02 | 8.9 | -32.34 | -5.02 | -241.29 | 90.9 | 12.26 | -15.39 | -2.62 |
| 21Q3 (8) | 0.82 | 32.26 | -62.04 | 11.38 | -8.96 | 2.15 | 3.07 | 61.58 | -30.54 | 3.19 | 17.28 | -37.45 | 2.27 | 28.25 | -45.3 | 1.59 | 52.88 | -58.59 | 0.70 | 40.0 | -52.38 | 0.27 | 17.39 | -18.18 | 7.57 | -5.49 | -13.09 | 167.55 | 13.37 | -13.27 | 96.44 | 37.69 | 11.31 | 3.56 | -88.13 | -73.52 | 14.49 | -6.76 | 9.94 |
| 21Q2 (7) | 0.62 | 1140.0 | -27.91 | 12.50 | 17.92 | 16.17 | 1.90 | 45.04 | -6.86 | 2.72 | 47.03 | -11.69 | 1.77 | 75.25 | -6.35 | 1.04 | 52.94 | -26.76 | 0.50 | 51.52 | -21.88 | 0.23 | -8.0 | -20.69 | 8.01 | 25.75 | 6.09 | 147.79 | -12.1 | -9.66 | 70.04 | -0.86 | 5.9 | 29.96 | 1.14 | -11.53 | 15.54 | -0.58 | 0 |
| 21Q1 (6) | 0.05 | -94.95 | 25.0 | 10.60 | -12.25 | 21.0 | 1.31 | -64.21 | 231.0 | 1.85 | -21.61 | 3800.0 | 1.01 | -41.28 | 474.07 | 0.68 | -56.96 | 525.0 | 0.33 | -49.23 | 1000.0 | 0.25 | -21.88 | 13.64 | 6.37 | 10.78 | 11.75 | 168.13 | -3.06 | 11.87 | 70.65 | -54.48 | -96.47 | 29.62 | 153.63 | 101.56 | 15.63 | 24.15 | 0.45 |
| 20Q4 (5) | 0.99 | -54.17 | -23.85 | 12.08 | 8.44 | 3.42 | 3.66 | -17.19 | -8.73 | 2.36 | -53.73 | -7.45 | 1.72 | -58.55 | -7.03 | 1.58 | -58.85 | -15.96 | 0.65 | -55.78 | -16.67 | 0.32 | -3.03 | -13.51 | 5.75 | -33.98 | -5.12 | 173.44 | -10.22 | 8.72 | 155.23 | 79.15 | -1.36 | -55.23 | -511.23 | 3.72 | 12.59 | -4.48 | -20.82 |
| 20Q3 (4) | 2.16 | 151.16 | 0.0 | 11.14 | 3.53 | 0.0 | 4.42 | 116.67 | 0.0 | 5.10 | 65.58 | 0.0 | 4.15 | 119.58 | 0.0 | 3.84 | 170.42 | 0.0 | 1.47 | 129.69 | 0.0 | 0.33 | 13.79 | 0.0 | 8.71 | 15.36 | 0.0 | 193.19 | 18.09 | 0.0 | 86.65 | 31.01 | 0.0 | 13.43 | -60.34 | 0.0 | 13.18 | 0 | 0.0 |
| 20Q2 (3) | 0.86 | 2050.0 | 0.0 | 10.76 | 22.83 | 0.0 | 2.04 | 304.0 | 0.0 | 3.08 | 6260.0 | 0.0 | 1.89 | 800.0 | 0.0 | 1.42 | 987.5 | 0.0 | 0.64 | 2033.33 | 0.0 | 0.29 | 31.82 | 0.0 | 7.55 | 32.46 | 0.0 | 163.59 | 8.85 | 0.0 | 66.14 | -96.69 | 0.0 | 33.86 | 101.78 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.04 | -96.92 | 0.0 | 8.76 | -25.0 | 0.0 | -1.00 | -124.94 | 0.0 | -0.05 | -101.96 | 0.0 | -0.27 | -114.59 | 0.0 | -0.16 | -108.51 | 0.0 | 0.03 | -96.15 | 0.0 | 0.22 | -40.54 | 0.0 | 5.70 | -5.94 | 0.0 | 150.29 | -5.79 | 0.0 | 2000.00 | 1170.98 | 0.0 | -1900.00 | -3212.47 | 0.0 | 15.56 | -2.14 | 0.0 |
| 19Q4 (1) | 1.30 | 0.0 | 0.0 | 11.68 | 0.0 | 0.0 | 4.01 | 0.0 | 0.0 | 2.55 | 0.0 | 0.0 | 1.85 | 0.0 | 0.0 | 1.88 | 0.0 | 0.0 | 0.78 | 0.0 | 0.0 | 0.37 | 0.0 | 0.0 | 6.06 | 0.0 | 0.0 | 159.53 | 0.0 | 0.0 | 157.36 | 0.0 | 0.0 | -57.36 | 0.0 | 0.0 | 15.90 | 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) | 3.09 | -1.59 | 12.91 | 0.47 | 3.33 | -11.2 | 4.17 | 14.11 | 3.46 | -4.68 | 2.32 | 4.04 | 5.75 | -5.58 | 2.55 | -4.85 | 0.89 | -14.42 | 8.47 | 8.45 | 187.22 | 9.41 | 96.24 | -7.03 | 3.76 | 0 | 1.63 | -8.39 | 14.24 | -0.63 |
| 2022 (9) | 3.14 | 65.26 | 12.85 | 16.5 | 3.75 | 70.45 | 3.65 | -8.43 | 3.63 | 46.37 | 2.23 | 44.81 | 6.09 | 42.29 | 2.68 | 37.44 | 1.04 | -0.95 | 7.81 | 11.89 | 171.11 | 9.85 | 103.52 | 16.63 | -3.52 | 0 | 1.78 | 0.75 | 14.33 | 0.63 |
| 2021 (8) | 1.90 | -53.2 | 11.03 | 1.1 | 2.20 | -17.6 | 3.99 | 10.82 | 2.48 | -14.19 | 1.54 | -26.67 | 4.28 | -33.75 | 1.95 | -29.86 | 1.05 | -8.7 | 6.98 | -0.43 | 155.77 | -10.19 | 88.76 | -4.2 | 11.29 | 54.31 | 1.77 | -12.17 | 14.24 | 4.86 |
| 2020 (7) | 4.06 | -0.98 | 10.91 | 4.4 | 2.67 | 14.59 | 3.60 | -5.64 | 2.89 | 18.44 | 2.10 | 14.75 | 6.46 | 1.57 | 2.78 | -2.8 | 1.15 | -14.81 | 7.01 | 4.32 | 173.44 | 8.72 | 92.65 | -3.17 | 7.31 | 69.36 | 2.01 | -34.56 | 13.58 | -5.76 |
| 2019 (6) | 4.10 | 241.67 | 10.45 | 19.98 | 2.33 | 1564.29 | 3.81 | 13.51 | 2.44 | 144.0 | 1.83 | 195.16 | 6.36 | 213.3 | 2.86 | 157.66 | 1.35 | 7.14 | 6.72 | 40.59 | 159.53 | 3.15 | 95.68 | 565.25 | 4.32 | -94.96 | 3.07 | -24.05 | 14.41 | -15.63 |
| 2018 (5) | 1.20 | -53.85 | 8.71 | -14.02 | 0.14 | -83.72 | 3.36 | 0.96 | 1.00 | -24.24 | 0.62 | 44.19 | 2.03 | 31.82 | 1.11 | 23.33 | 1.26 | -8.03 | 4.78 | -4.78 | 154.66 | -7.26 | 14.38 | -77.82 | 85.73 | 143.96 | 4.05 | 176.45 | 17.08 | 11.49 |
| 2017 (4) | 2.60 | 67.74 | 10.13 | -0.59 | 0.86 | 145.71 | 3.33 | -20.34 | 1.32 | -9.59 | 0.43 | -49.41 | 1.54 | -43.38 | 0.90 | -39.6 | 1.37 | 8.73 | 5.02 | -18.11 | 166.77 | 10.43 | 64.86 | 171.99 | 35.14 | -53.85 | 1.46 | 0 | 15.32 | -9.78 |
| 2016 (3) | 1.55 | -51.86 | 10.19 | 10.28 | 0.35 | 29.63 | 4.18 | 25.71 | 1.46 | -44.49 | 0.85 | -46.88 | 2.72 | -53.9 | 1.49 | -46.59 | 1.26 | -17.11 | 6.13 | -2.85 | 151.02 | -4.35 | 23.85 | 131.07 | 76.15 | -15.08 | 0.00 | 0 | 16.98 | 10.05 |
| 2015 (2) | 3.22 | -8.26 | 9.24 | -21.09 | 0.27 | -85.86 | 3.32 | -12.38 | 2.63 | -15.71 | 1.60 | -23.08 | 5.90 | -11.28 | 2.79 | -10.86 | 1.52 | 14.29 | 6.31 | -13.8 | 157.88 | 23.57 | 10.32 | -83.18 | 89.68 | 132.25 | 0.00 | 0 | 15.43 | 3.14 |
| 2014 (1) | 3.51 | -16.23 | 11.71 | 0 | 1.91 | 0 | 3.79 | 11.01 | 3.12 | 0 | 2.08 | 0 | 6.65 | 0 | 3.13 | 0 | 1.33 | -12.5 | 7.32 | 11.25 | 127.77 | -16.52 | 61.35 | -13.84 | 38.61 | 34.09 | 0.00 | 0 | 14.96 | 7.55 |
