- 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) | 0.08 | -84.31 | -82.61 | 30.04 | -0.46 | 17.25 | 9.92 | 90.04 | 386.27 | 1.91 | -87.25 | -85.53 | 1.62 | -87.1 | -84.12 | 0.35 | -84.72 | -83.94 | 0.32 | -80.37 | -79.22 | 0.14 | 16.67 | 0.0 | 7.79 | -64.35 | -59.97 | 52.95 | 0.02 | 16.35 | 525.00 | 1407.69 | 3266.18 | -425.00 | -752.05 | -603.53 | 14.54 | -24.39 | -18.5 |
| 24Q2 (19) | 0.51 | 4.08 | 27.5 | 30.18 | 6.57 | 10.92 | 5.22 | 3000.0 | 331.4 | 14.98 | -10.25 | 22.69 | 12.56 | -13.44 | 9.89 | 2.29 | -2.55 | 7.01 | 1.63 | -5.23 | 9.4 | 0.12 | 9.09 | 0.0 | 21.85 | -10.3 | 12.28 | 52.94 | 22.66 | -5.5 | 34.82 | 3965.18 | 236.61 | 65.18 | -35.4 | -27.3 | 19.23 | -10.18 | 3.0 |
| 24Q1 (18) | 0.49 | 345.45 | 133.33 | 28.32 | -9.87 | 23.18 | -0.18 | -102.24 | 97.86 | 16.69 | 2218.06 | 264.41 | 14.51 | 611.27 | 212.72 | 2.35 | 487.5 | 245.59 | 1.72 | 377.78 | 224.53 | 0.11 | -21.43 | 10.0 | 24.36 | 227.86 | 75.25 | 43.16 | -2.73 | -12.68 | -0.90 | -100.08 | 99.5 | 100.90 | 110.44 | -64.06 | 21.41 | 26.91 | -5.1 |
| 23Q4 (17) | 0.11 | -76.09 | 83.33 | 31.42 | 22.64 | 49.33 | 8.02 | 293.14 | 375.6 | 0.72 | -94.55 | 110.86 | 2.04 | -80.0 | 150.75 | 0.40 | -81.65 | 155.56 | 0.36 | -76.62 | 200.0 | 0.14 | 0.0 | 27.27 | 7.43 | -61.82 | 614.42 | 44.37 | -2.5 | -24.99 | 1066.67 | 6739.22 | 2246.67 | -966.67 | -1245.29 | -1801.33 | 16.87 | -5.44 | 3.62 |
| 23Q3 (16) | 0.46 | 15.0 | 406.67 | 25.62 | -5.84 | -5.18 | 2.04 | 68.6 | 786.96 | 13.20 | 8.11 | 489.38 | 10.20 | -10.76 | 320.78 | 2.18 | 1.87 | 369.14 | 1.54 | 3.36 | 442.22 | 0.14 | 16.67 | 27.27 | 19.46 | 0.0 | 882.83 | 45.51 | -18.76 | -34.12 | 15.60 | 50.76 | 427.52 | 84.40 | -5.86 | -19.43 | 17.84 | -4.45 | -11.2 |
| 23Q2 (15) | 0.40 | 90.48 | 122.22 | 27.21 | 18.36 | -14.6 | 1.21 | 114.39 | -91.43 | 12.21 | 166.59 | 88.43 | 11.43 | 146.34 | 137.63 | 2.14 | 214.71 | 135.16 | 1.49 | 181.13 | 129.23 | 0.12 | 20.0 | -7.69 | 19.46 | 40.0 | 98.77 | 56.02 | 13.33 | -0.52 | 10.34 | 105.72 | -95.27 | 89.66 | -68.07 | 175.59 | 18.67 | -17.24 | 22.59 |
| 23Q1 (14) | 0.21 | 250.0 | -71.62 | 22.99 | 9.27 | -33.44 | -8.41 | -189.0 | -147.46 | 4.58 | 169.08 | -73.15 | 4.64 | 215.42 | -66.43 | 0.68 | 194.44 | -80.52 | 0.53 | 247.22 | -79.05 | 0.10 | -9.09 | -44.44 | 13.90 | 1236.54 | -28.46 | 49.43 | -16.43 | 39.08 | -180.77 | -497.69 | -274.31 | 280.77 | 394.15 | 7680.77 | 22.56 | 38.57 | 49.11 |
| 22Q4 (13) | 0.06 | 140.0 | -94.29 | 21.04 | -22.13 | -40.95 | -2.91 | -1365.22 | -115.56 | -6.63 | -95.58 | -130.64 | -4.02 | 12.99 | -121.09 | -0.72 | 11.11 | -114.04 | -0.36 | 20.0 | -109.97 | 0.11 | 0.0 | -42.11 | 1.04 | -47.47 | -95.67 | 59.15 | -14.37 | 36.1 | 45.45 | 1054.55 | -47.55 | 56.82 | -45.76 | 311.44 | 16.28 | -18.96 | 11.28 |
| 22Q3 (12) | -0.15 | -183.33 | -114.85 | 27.02 | -15.19 | -13.73 | 0.23 | -98.37 | -98.44 | -3.39 | -152.31 | -116.01 | -4.62 | -196.05 | -125.22 | -0.81 | -189.01 | -115.88 | -0.45 | -169.23 | -112.5 | 0.11 | -15.38 | -45.0 | 1.98 | -79.78 | -91.64 | 69.08 | 22.68 | 64.32 | -4.76 | -102.18 | -106.81 | 104.76 | 188.33 | 242.55 | 20.09 | 31.91 | 45.79 |
| 22Q2 (11) | 0.18 | -75.68 | -84.21 | 31.86 | -7.76 | 6.88 | 14.12 | -20.32 | 11.01 | 6.48 | -62.02 | -72.64 | 4.81 | -65.2 | -78.47 | 0.91 | -73.93 | -84.36 | 0.65 | -74.31 | -85.02 | 0.13 | -27.78 | -31.58 | 9.79 | -49.61 | -62.82 | 56.31 | 58.44 | 31.53 | 218.60 | 110.8 | 306.79 | -118.60 | -3102.33 | -356.38 | 15.23 | 0.66 | 4.24 |
| 22Q1 (10) | 0.74 | -29.52 | -29.52 | 34.54 | -3.06 | 40.35 | 17.72 | -5.24 | 571.21 | 17.06 | -21.16 | -34.84 | 13.82 | -27.49 | -44.0 | 3.49 | -31.97 | -37.34 | 2.53 | -29.92 | -40.89 | 0.18 | -5.26 | 5.88 | 19.43 | -19.04 | -34.09 | 35.54 | -18.22 | 34.37 | 103.70 | 19.66 | 921.48 | -3.70 | -126.82 | -104.12 | 15.13 | 3.42 | -17.68 |
| 21Q4 (9) | 1.05 | 3.96 | 10.53 | 35.63 | 13.76 | 41.11 | 18.70 | 26.95 | 320.22 | 21.64 | 2.17 | -10.91 | 19.06 | 4.04 | -13.72 | 5.13 | 0.59 | -6.04 | 3.61 | 0.28 | -7.91 | 0.19 | -5.0 | 5.56 | 24.00 | 1.31 | -12.95 | 43.46 | 3.38 | 23.43 | 86.67 | 23.98 | 369.02 | 13.81 | -54.85 | -83.06 | 14.63 | 6.17 | -12.34 |
| 21Q3 (8) | 1.01 | -11.4 | 18.82 | 31.32 | 5.07 | 23.16 | 14.73 | 15.8 | 236.3 | 21.18 | -10.56 | -0.28 | 18.32 | -17.99 | -11.97 | 5.10 | -12.37 | -3.41 | 3.60 | -17.05 | -0.55 | 0.20 | 5.26 | 17.65 | 23.69 | -10.03 | -5.24 | 42.04 | -1.8 | -8.89 | 69.90 | 30.08 | 234.22 | 30.58 | -33.89 | -61.33 | 13.78 | -5.68 | -22.23 |
| 21Q2 (7) | 1.14 | 8.57 | 31.03 | 29.81 | 21.13 | 14.39 | 12.72 | 381.82 | 72.83 | 23.68 | -9.55 | 2.64 | 22.34 | -9.48 | -3.71 | 5.82 | 4.49 | 2.46 | 4.34 | 1.4 | 7.96 | 0.19 | 11.76 | 11.76 | 26.33 | -10.69 | -2.98 | 42.81 | 61.85 | -12.2 | 53.74 | 429.32 | 68.89 | 46.26 | -48.51 | -32.15 | 14.61 | -20.51 | 4.51 |
| 21Q1 (6) | 1.05 | 10.53 | 243.84 | 24.61 | -2.53 | -0.93 | 2.64 | -40.67 | 4.76 | 26.18 | 7.78 | 196.61 | 24.68 | 11.72 | 189.84 | 5.57 | 2.01 | 221.35 | 4.28 | 9.18 | 223.34 | 0.17 | -5.56 | 30.77 | 29.48 | 6.93 | 233.33 | 26.45 | -24.88 | -25.6 | 10.15 | -45.06 | 209.14 | 89.85 | 10.21 | -17.8 | 18.38 | 10.13 | 6.24 |
| 20Q4 (5) | 0.95 | 11.76 | 111.11 | 25.25 | -0.71 | 2.39 | 4.45 | 1.6 | 1041.03 | 24.29 | 14.36 | 65.24 | 22.09 | 6.15 | 64.85 | 5.46 | 3.41 | 97.83 | 3.92 | 8.29 | 84.04 | 0.18 | 5.88 | 12.5 | 27.57 | 10.28 | 39.03 | 35.21 | -23.69 | 26.07 | 18.48 | -11.65 | 713.04 | 81.52 | 3.08 | -16.58 | 16.69 | -5.81 | -17.62 |
| 20Q3 (4) | 0.85 | -2.3 | 0.0 | 25.43 | -2.42 | 0.0 | 4.38 | -40.49 | 0.0 | 21.24 | -7.93 | 0.0 | 20.81 | -10.3 | 0.0 | 5.28 | -7.04 | 0.0 | 3.62 | -9.95 | 0.0 | 0.17 | 0.0 | 0.0 | 25.00 | -7.89 | 0.0 | 46.14 | -5.37 | 0.0 | 20.92 | -34.27 | 0.0 | 79.08 | 15.99 | 0.0 | 17.72 | 26.75 | 0.0 |
| 20Q2 (3) | 0.87 | 219.18 | 0.0 | 26.06 | 4.91 | 0.0 | 7.36 | 192.06 | 0.0 | 23.07 | 185.13 | 0.0 | 23.20 | 184.46 | 0.0 | 5.68 | 223.75 | 0.0 | 4.02 | 215.85 | 0.0 | 0.17 | 30.77 | 0.0 | 27.14 | 222.75 | 0.0 | 48.76 | 37.16 | 0.0 | 31.82 | 442.05 | 0.0 | 68.18 | -37.62 | 0.0 | 13.98 | -19.19 | 0.0 |
| 20Q1 (2) | -0.73 | -262.22 | 0.0 | 24.84 | 0.73 | 0.0 | 2.52 | 546.15 | 0.0 | -27.10 | -284.35 | 0.0 | -27.47 | -305.0 | 0.0 | -4.59 | -266.3 | 0.0 | -3.47 | -262.91 | 0.0 | 0.13 | -18.75 | 0.0 | -22.11 | -211.5 | 0.0 | 35.55 | 27.28 | 0.0 | -9.30 | -509.3 | 0.0 | 109.30 | 11.84 | 0.0 | 17.30 | -14.61 | 0.0 |
| 19Q4 (1) | 0.45 | 0.0 | 0.0 | 24.66 | 0.0 | 0.0 | 0.39 | 0.0 | 0.0 | 14.70 | 0.0 | 0.0 | 13.40 | 0.0 | 0.0 | 2.76 | 0.0 | 0.0 | 2.13 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 19.83 | 0.0 | 0.0 | 27.93 | 0.0 | 0.0 | 2.27 | 0.0 | 0.0 | 97.73 | 0.0 | 0.0 | 20.26 | 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) | 1.18 | 42.17 | 27.09 | -7.26 | 1.45 | -82.8 | 2.46 | 4.48 | 7.85 | 62.53 | 7.18 | 92.49 | 5.30 | 82.76 | 3.84 | 82.86 | 0.49 | -3.92 | 15.07 | 62.92 | 44.37 | -24.99 | 18.58 | -89.29 | 81.86 | 0 | 18.61 | -4.37 | 18.69 | 13.55 |
| 2022 (9) | 0.83 | -80.47 | 29.21 | -4.85 | 8.43 | -33.99 | 2.35 | 43.75 | 4.83 | -78.97 | 3.73 | -82.12 | 2.90 | -86.78 | 2.10 | -86.69 | 0.51 | -32.0 | 9.25 | -63.98 | 59.15 | 36.1 | 173.57 | 212.43 | -74.29 | 0 | 19.46 | 6723.72 | 16.46 | 8.43 |
| 2021 (8) | 4.25 | 119.07 | 30.70 | 20.72 | 12.77 | 164.94 | 1.64 | -19.03 | 22.97 | 66.09 | 20.86 | 60.09 | 21.93 | 97.75 | 15.78 | 84.99 | 0.75 | 15.38 | 25.68 | 45.0 | 43.46 | 23.43 | 55.56 | 59.61 | 44.44 | -31.83 | 0.29 | -52.74 | 15.18 | -7.44 |
| 2020 (7) | 1.94 | 5.43 | 25.43 | 2.62 | 4.82 | 99.17 | 2.02 | -4.14 | 13.83 | -12.47 | 13.03 | -7.19 | 11.09 | -0.27 | 8.53 | -0.81 | 0.65 | 6.56 | 17.71 | -10.42 | 35.21 | 26.07 | 34.81 | 128.11 | 65.19 | -23.07 | 0.60 | -25.98 | 16.40 | -10.63 |
| 2019 (6) | 1.84 | 113.95 | 24.78 | 0.16 | 2.42 | -64.93 | 2.11 | 50.3 | 15.80 | 80.78 | 14.04 | 104.37 | 11.12 | 95.09 | 8.60 | 92.83 | 0.61 | -3.17 | 19.77 | 83.06 | 27.93 | -14.8 | 15.26 | -80.69 | 84.74 | 303.87 | 0.82 | 7.88 | 18.35 | 23.99 |
| 2018 (5) | 0.86 | -15.69 | 24.74 | -2.1 | 6.90 | 38.55 | 1.40 | -12.02 | 8.74 | -19.96 | 6.87 | -27.53 | 5.70 | -21.6 | 4.46 | -22.84 | 0.63 | 5.0 | 10.80 | -16.8 | 32.78 | 12.65 | 79.02 | 72.64 | 20.98 | -61.31 | 0.76 | 0 | 14.80 | -9.98 |
| 2017 (4) | 1.02 | 59.38 | 25.27 | 3.23 | 4.98 | 51.37 | 1.60 | -20.28 | 10.92 | 45.79 | 9.48 | 36.99 | 7.27 | 46.28 | 5.78 | 41.32 | 0.60 | 3.45 | 12.98 | 32.86 | 29.10 | 14.25 | 45.77 | 4.52 | 54.23 | -3.52 | 0.00 | 0 | 16.44 | -3.41 |
| 2016 (3) | 0.64 | 16.36 | 24.48 | 4.39 | 3.29 | 370.0 | 2.00 | -10.96 | 7.49 | -8.99 | 6.92 | 1.02 | 4.97 | 18.05 | 4.09 | 14.57 | 0.58 | 11.54 | 9.77 | -9.45 | 25.47 | 22.28 | 43.79 | 432.79 | 56.21 | -38.76 | 0.00 | 0 | 17.02 | -5.91 |
| 2015 (2) | 0.55 | -41.49 | 23.45 | 4.69 | 0.70 | 0 | 2.25 | 5.51 | 8.23 | -27.87 | 6.85 | -38.45 | 4.21 | -43.11 | 3.57 | -43.42 | 0.52 | -8.77 | 10.79 | -21.53 | 20.83 | 28.82 | 8.22 | 0 | 91.78 | -15.34 | 0.00 | 0 | 18.09 | -5.04 |
| 2014 (1) | 0.94 | 74.07 | 22.40 | 0 | -0.94 | 0 | 2.13 | -9.16 | 11.41 | 0 | 11.13 | 0 | 7.40 | 0 | 6.31 | 0 | 0.57 | -1.72 | 13.75 | 26.61 | 16.17 | -12.02 | -8.41 | 0 | 108.41 | 50.79 | 0.00 | 0 | 19.05 | 23.06 |
