- 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) | 0.80 | 25.0 | 70.21 | 27.58 | 1.7 | 51.87 | 7.28 | 31.65 | 271.43 | 6.25 | 19.96 | 288.2 | 4.74 | 26.4 | 420.88 | 2.36 | 38.01 | 268.75 | 1.25 | 26.26 | 212.5 | 0.24 | 0.0 | -27.27 | 9.94 | 16.53 | 140.68 | 122.14 | 31.11 | 13.62 | 116.46 | 9.66 | -4.72 | -16.46 | -165.64 | 25.95 | 16.43 | -8.82 | 60.29 |
| 24Q2 (19) | 0.64 | 42.22 | -24.71 | 27.12 | -1.63 | 30.89 | 5.53 | 41.79 | 68.09 | 5.21 | 32.57 | 48.86 | 3.75 | 30.21 | 42.05 | 1.71 | 51.33 | -5.0 | 0.99 | 39.44 | 8.79 | 0.24 | 14.29 | -22.58 | 8.53 | 10.64 | 40.76 | 93.16 | 2.96 | -18.66 | 106.19 | 7.63 | 13.05 | -6.19 | -564.6 | -202.21 | 18.02 | -8.11 | 54.28 |
| 24Q1 (18) | 0.45 | -39.19 | -59.09 | 27.57 | 0 | 26.12 | 3.90 | 0 | -25.14 | 3.93 | 0 | -13.44 | 2.88 | 0 | -12.73 | 1.13 | -43.22 | -49.55 | 0.71 | -35.45 | -36.04 | 0.21 | 0 | -30.0 | 7.71 | 185.1 | 6.34 | 90.48 | 9.46 | -28.85 | 98.67 | -5.42 | -14.22 | 1.33 | 130.89 | 108.87 | 19.61 | 213.62 | 72.17 |
| 23Q4 (17) | 0.74 | 57.45 | -37.29 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 1.99 | 210.94 | -14.96 | 1.10 | 175.0 | -2.65 | 0.00 | -100.0 | -100.0 | -9.06 | -319.37 | -248.52 | 82.66 | -23.11 | -34.22 | 104.32 | -14.65 | -16.34 | -4.32 | 80.58 | 82.94 | -17.26 | -268.39 | -262.52 |
| 23Q3 (16) | 0.47 | -44.71 | -72.35 | 18.16 | -12.36 | -16.81 | 1.96 | -40.43 | -63.9 | 1.61 | -54.0 | -74.61 | 0.91 | -65.53 | -81.39 | 0.64 | -64.44 | -82.07 | 0.40 | -56.04 | -75.31 | 0.33 | 6.45 | 6.45 | 4.13 | -31.85 | -52.53 | 107.50 | -6.14 | -19.79 | 122.22 | 30.11 | 43.14 | -22.22 | -466.67 | -256.16 | 10.25 | -12.24 | -12.24 |
| 23Q2 (15) | 0.85 | -22.73 | -15.84 | 20.72 | -5.22 | 1.82 | 3.29 | -36.85 | -24.19 | 3.50 | -22.91 | -27.98 | 2.64 | -20.0 | -32.99 | 1.80 | -19.64 | -36.17 | 0.91 | -18.02 | -27.2 | 0.31 | 3.33 | 6.9 | 6.06 | -16.41 | -16.3 | 114.53 | -9.93 | -17.38 | 93.94 | -18.33 | 5.12 | 6.06 | 140.33 | -43.03 | 11.68 | 2.55 | -1.27 |
| 23Q1 (14) | 1.10 | -6.78 | 50.68 | 21.86 | 6.43 | 19.78 | 5.21 | 11.8 | 45.94 | 4.54 | 22.04 | 17.31 | 3.30 | 5.77 | 17.02 | 2.24 | -4.27 | 10.89 | 1.11 | -1.77 | 20.65 | 0.30 | -9.09 | 0.0 | 7.25 | 18.85 | 17.89 | 127.16 | 1.19 | -14.86 | 115.03 | -7.75 | 24.13 | -15.03 | 40.62 | -287.86 | 11.39 | 7.25 | 7.96 |
| 22Q4 (13) | 1.18 | -30.59 | -67.49 | 20.54 | -5.91 | 29.84 | 4.66 | -14.18 | 285.12 | 3.72 | -41.32 | -69.0 | 3.12 | -36.2 | -69.83 | 2.34 | -34.45 | -71.84 | 1.13 | -30.25 | -69.71 | 0.33 | 6.45 | -8.33 | 6.10 | -29.89 | -56.65 | 125.66 | -6.24 | 1.18 | 124.69 | 46.03 | 1125.33 | -25.31 | -277.84 | -128.11 | 10.62 | -9.08 | 0.66 |
| 22Q3 (12) | 1.70 | 68.32 | 174.19 | 21.83 | 7.27 | 18.58 | 5.43 | 25.12 | 29.9 | 6.34 | 30.45 | 51.31 | 4.89 | 24.11 | 63.0 | 3.57 | 26.6 | 65.28 | 1.62 | 29.6 | 54.29 | 0.31 | 6.9 | -6.06 | 8.70 | 20.17 | 37.88 | 134.03 | -3.31 | 4.27 | 85.38 | -4.45 | -14.07 | 14.23 | 33.77 | 0 | 11.68 | -1.27 | 8.85 |
| 22Q2 (11) | 1.01 | 38.36 | 83.64 | 20.35 | 11.51 | -2.07 | 4.34 | 21.57 | -27.18 | 4.86 | 25.58 | -16.92 | 3.94 | 39.72 | -2.96 | 2.82 | 39.6 | 11.46 | 1.25 | 35.87 | -11.97 | 0.29 | -3.33 | -14.71 | 7.24 | 17.72 | -7.89 | 138.62 | -7.19 | 35.33 | 89.36 | -3.57 | -12.47 | 10.64 | 32.98 | 607.98 | 11.83 | 12.13 | 12.24 |
| 22Q1 (10) | 0.73 | -79.89 | 25.86 | 18.25 | 15.36 | -25.81 | 3.57 | 195.04 | -41.48 | 3.87 | -67.75 | -38.08 | 2.82 | -72.73 | -41.74 | 2.02 | -75.69 | 5.21 | 0.92 | -75.34 | -24.59 | 0.30 | -16.67 | 25.0 | 6.15 | -56.29 | -30.19 | 149.36 | 20.27 | 128.73 | 92.67 | 810.63 | -4.3 | 8.00 | -91.11 | 236.0 | 10.55 | 0.0 | -21.62 |
| 21Q4 (9) | 3.63 | 485.48 | 433.82 | 15.82 | -14.07 | -35.0 | 1.21 | -71.05 | -83.47 | 12.00 | 186.4 | 84.62 | 10.34 | 244.67 | 101.56 | 8.31 | 284.72 | 286.51 | 3.73 | 255.24 | 174.26 | 0.36 | 9.09 | 38.46 | 14.07 | 122.98 | 60.8 | 124.19 | -3.38 | 104.93 | 10.18 | -89.76 | -90.95 | 90.02 | 0 | 820.16 | 10.55 | -1.68 | -29.99 |
| 21Q3 (8) | 0.62 | 12.73 | -33.33 | 18.41 | -11.41 | -28.23 | 4.18 | -29.87 | -49.76 | 4.19 | -28.38 | -48.59 | 3.00 | -26.11 | -52.38 | 2.16 | -14.62 | -17.24 | 1.05 | -26.06 | -33.96 | 0.33 | -2.94 | 32.0 | 6.31 | -19.72 | -39.56 | 128.54 | 25.49 | 105.6 | 99.37 | -2.67 | -2.97 | 0.00 | 100.0 | 100.0 | 10.73 | 1.8 | -27.74 |
| 21Q2 (7) | 0.55 | -5.17 | -17.91 | 20.78 | -15.53 | -11.69 | 5.96 | -2.3 | -5.25 | 5.85 | -6.4 | -0.68 | 4.06 | -16.12 | -11.93 | 2.53 | 31.77 | 34.57 | 1.42 | 16.39 | 22.41 | 0.34 | 41.67 | 41.67 | 7.86 | -10.78 | -2.84 | 102.43 | 56.86 | 35.83 | 102.09 | 5.44 | -4.29 | -2.09 | -187.96 | 68.59 | 10.54 | -21.69 | -24.66 |
| 21Q1 (6) | 0.58 | -14.71 | -54.33 | 24.60 | 1.07 | -10.22 | 6.10 | -16.67 | -34.48 | 6.25 | -3.85 | -31.02 | 4.84 | -5.65 | -31.25 | 1.92 | -10.7 | -34.25 | 1.22 | -10.29 | -34.41 | 0.24 | -7.69 | -7.69 | 8.81 | 0.69 | -21.76 | 65.30 | 7.76 | 7.47 | 96.83 | -13.93 | -6.04 | 2.38 | 119.05 | 193.81 | 13.46 | -10.68 | -6.79 |
| 20Q4 (5) | 0.68 | -26.88 | -33.98 | 24.34 | -5.11 | -0.29 | 7.32 | -12.02 | 34.07 | 6.50 | -20.25 | 21.04 | 5.13 | -18.57 | 16.33 | 2.15 | -17.62 | -3.59 | 1.36 | -14.47 | -9.93 | 0.26 | 4.0 | -21.21 | 8.75 | -16.19 | 10.2 | 60.60 | -3.07 | -3.58 | 112.50 | 9.85 | 10.66 | -12.50 | -418.75 | -650.0 | 15.07 | 1.48 | 5.75 |
| 20Q3 (4) | 0.93 | 38.81 | 0.0 | 25.65 | 9.01 | 0.0 | 8.32 | 32.27 | 0.0 | 8.15 | 38.37 | 0.0 | 6.30 | 36.66 | 0.0 | 2.61 | 38.83 | 0.0 | 1.59 | 37.07 | 0.0 | 0.25 | 4.17 | 0.0 | 10.44 | 29.05 | 0.0 | 62.52 | -17.09 | 0.0 | 102.41 | -3.99 | 0.0 | -2.41 | 63.86 | 0.0 | 14.85 | 6.15 | 0.0 |
| 20Q2 (3) | 0.67 | -47.24 | 0.0 | 23.53 | -14.12 | 0.0 | 6.29 | -32.44 | 0.0 | 5.89 | -34.99 | 0.0 | 4.61 | -34.52 | 0.0 | 1.88 | -35.62 | 0.0 | 1.16 | -37.63 | 0.0 | 0.24 | -7.69 | 0.0 | 8.09 | -28.15 | 0.0 | 75.41 | 24.11 | 0.0 | 106.67 | 3.51 | 0.0 | -6.67 | -162.67 | 0.0 | 13.99 | -3.12 | 0.0 |
| 20Q1 (2) | 1.27 | 23.3 | 0.0 | 27.40 | 12.25 | 0.0 | 9.31 | 70.51 | 0.0 | 9.06 | 68.72 | 0.0 | 7.04 | 59.64 | 0.0 | 2.92 | 30.94 | 0.0 | 1.86 | 23.18 | 0.0 | 0.26 | -21.21 | 0.0 | 11.26 | 41.81 | 0.0 | 60.76 | -3.33 | 0.0 | 103.05 | 1.36 | 0.0 | -2.54 | -52.28 | 0.0 | 14.44 | 1.33 | 0.0 |
| 19Q4 (1) | 1.03 | 0.0 | 0.0 | 24.41 | 0.0 | 0.0 | 5.46 | 0.0 | 0.0 | 5.37 | 0.0 | 0.0 | 4.41 | 0.0 | 0.0 | 2.23 | 0.0 | 0.0 | 1.51 | 0.0 | 0.0 | 0.33 | 0.0 | 0.0 | 7.94 | 0.0 | 0.0 | 62.85 | 0.0 | 0.0 | 101.67 | 0.0 | 0.0 | -1.67 | 0.0 | 0.0 | 14.25 | 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) | 3.16 | -31.45 | 26.51 | 30.78 | 5.93 | 31.19 | 2.48 | 84.37 | 5.52 | 17.7 | 3.82 | 3.52 | 6.79 | -35.46 | 3.72 | -26.48 | 0.83 | -34.65 | 9.55 | 35.65 | 82.66 | -34.22 | 107.50 | 11.61 | -7.50 | 0 | 4.90 | -42.55 | 18.25 | 63.53 |
| 2022 (9) | 4.61 | -14.31 | 20.27 | 6.13 | 4.52 | 14.14 | 1.35 | -7.13 | 4.69 | -36.71 | 3.69 | -37.35 | 10.52 | -29.11 | 5.06 | -35.54 | 1.27 | -2.31 | 7.04 | -26.28 | 125.66 | 1.18 | 96.31 | 80.19 | 3.69 | -92.08 | 8.53 | 8.53 | 11.16 | 1.09 |
| 2021 (8) | 5.38 | 51.98 | 19.10 | -24.39 | 3.96 | -48.97 | 1.45 | -18.75 | 7.41 | 0.82 | 5.89 | 2.97 | 14.84 | 61.48 | 7.85 | 33.96 | 1.30 | 30.0 | 9.55 | -1.04 | 124.19 | 104.93 | 53.45 | -49.36 | 46.55 | 0 | 7.86 | 105.6 | 11.04 | -24.33 |
| 2020 (7) | 3.54 | -35.75 | 25.26 | -10.93 | 7.76 | -30.4 | 1.78 | 8.17 | 7.35 | -34.43 | 5.72 | -35.37 | 9.19 | -36.71 | 5.86 | -37.92 | 1.00 | -4.76 | 9.65 | -27.33 | 60.60 | -0.69 | 105.54 | 6.08 | -5.54 | 0 | 3.82 | 9.23 | 14.59 | 2.24 |
| 2019 (6) | 5.51 | 4.36 | 28.36 | -4.09 | 11.15 | -25.67 | 1.65 | 132.33 | 11.21 | -26.06 | 8.85 | -23.84 | 14.52 | -24.26 | 9.44 | -30.79 | 1.05 | -10.26 | 13.28 | -16.95 | 61.02 | 30.38 | 99.49 | 0.51 | 0.51 | -55.44 | 3.50 | -17.79 | 14.27 | 8.6 |
| 2018 (5) | 5.28 | 44.66 | 29.57 | -8.11 | 15.00 | -0.6 | 0.71 | -14.86 | 15.16 | 5.35 | 11.62 | 3.29 | 19.17 | 44.57 | 13.64 | 34.25 | 1.17 | 30.0 | 15.99 | 3.56 | 46.80 | 37.49 | 98.99 | -5.6 | 1.14 | 0 | 4.26 | 0 | 13.14 | -16.62 |
| 2017 (4) | 3.65 | -20.48 | 32.18 | -2.57 | 15.09 | -11.6 | 0.83 | 13.9 | 14.39 | -16.82 | 11.25 | -18.3 | 13.26 | -21.49 | 10.16 | -24.68 | 0.90 | -8.16 | 15.44 | -14.93 | 34.04 | 23.24 | 104.86 | 6.14 | -4.86 | 0 | 0.00 | 0 | 15.76 | 9.07 |
| 2016 (3) | 4.59 | 46.65 | 33.03 | 5.26 | 17.07 | 33.57 | 0.73 | 8.4 | 17.30 | 20.73 | 13.77 | 19.22 | 16.89 | 39.47 | 13.49 | 36.13 | 0.98 | 13.95 | 18.15 | 20.04 | 27.62 | 21.67 | 98.79 | 10.73 | 1.36 | -87.38 | 0.00 | 0 | 14.45 | -17.19 |
| 2015 (2) | 3.13 | 6.1 | 31.38 | -4.24 | 12.78 | -6.24 | 0.68 | 10.9 | 14.33 | -10.44 | 11.55 | -10.05 | 12.11 | 3.15 | 9.91 | 1.95 | 0.86 | 13.16 | 15.12 | -9.73 | 22.70 | 4.85 | 89.21 | 4.66 | 10.79 | -26.93 | 0.00 | 0 | 17.45 | -5.16 |
| 2014 (1) | 2.95 | 33.48 | 32.77 | 0 | 13.63 | 0 | 0.61 | -6.12 | 16.00 | 0 | 12.84 | 0 | 11.74 | 0 | 9.72 | 0 | 0.76 | 10.14 | 16.75 | 17.38 | 21.65 | 7.87 | 85.24 | 2.75 | 14.76 | -13.38 | 0.00 | 0 | 18.40 | -0.16 |
