- 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) | 0.69 | -24.18 | -20.69 | 45.91 | 6.4 | 13.02 | 15.17 | -4.47 | 221.4 | 16.92 | -31.02 | -32.46 | 14.52 | -31.12 | -35.06 | 3.94 | -20.56 | -18.09 | 2.31 | -21.69 | -18.37 | 0.16 | 14.29 | 23.08 | 19.11 | -29.12 | -31.43 | 59.16 | -30.13 | -4.21 | 89.47 | 39.8 | 357.31 | 10.53 | -70.76 | -86.91 | 54.42 | -6.38 | -21.42 |
| 24Q2 (19) | 0.91 | 333.33 | -48.0 | 43.15 | 76.48 | 6.86 | 15.88 | 218.68 | 13.75 | 24.53 | 271.67 | -46.72 | 21.08 | 265.97 | -50.25 | 4.96 | 376.92 | -48.49 | 2.95 | 340.3 | -49.14 | 0.14 | 27.27 | 0.0 | 26.96 | 177.94 | -44.66 | 84.67 | 56.25 | 7.39 | 64.00 | 132.0 | 113.33 | 36.00 | -88.0 | -48.57 | 58.13 | -24.59 | -4.58 |
| 24Q1 (18) | 0.21 | -75.58 | 16.67 | 24.45 | -48.16 | -26.18 | -13.38 | -157.42 | -752.68 | 6.60 | -64.44 | 19.78 | 5.76 | -62.79 | 34.27 | 1.04 | -77.24 | 7.22 | 0.67 | -76.49 | 6.35 | 0.11 | -38.89 | -21.43 | 9.70 | -52.57 | 21.25 | 54.19 | -9.2 | -0.75 | -200.00 | -258.06 | -650.0 | 300.00 | 1230.77 | 371.43 | 77.09 | 75.44 | 28.48 |
| 23Q4 (17) | 0.86 | -1.15 | 2.38 | 47.16 | 16.1 | 0.0 | 23.30 | 393.64 | 16.68 | 18.56 | -25.91 | -10.81 | 15.48 | -30.77 | -11.14 | 4.57 | -4.99 | -2.77 | 2.85 | 0.71 | -3.39 | 0.18 | 38.46 | 5.88 | 20.45 | -26.62 | -11.62 | 59.68 | -3.37 | -1.24 | 126.53 | 546.71 | 32.03 | -26.53 | -132.98 | -736.73 | 43.94 | -36.55 | -8.8 |
| 23Q3 (16) | 0.87 | -50.29 | -14.71 | 40.62 | 0.59 | -4.22 | 4.72 | -66.19 | -59.62 | 25.05 | -45.59 | -11.45 | 22.36 | -47.23 | -8.7 | 4.81 | -50.05 | -20.89 | 2.83 | -51.21 | -22.25 | 0.13 | -7.14 | -13.33 | 27.87 | -42.8 | -9.98 | 61.76 | -21.66 | 4.91 | 19.57 | -34.78 | -52.36 | 80.43 | 14.91 | 36.5 | 69.25 | 13.67 | 18.38 |
| 23Q2 (15) | 1.75 | 872.22 | 143.06 | 40.38 | 21.92 | -7.93 | 13.96 | 580.98 | -3.12 | 46.04 | 735.57 | 95.17 | 42.37 | 887.65 | 133.57 | 9.63 | 892.78 | 126.06 | 5.80 | 820.63 | 125.68 | 0.14 | 0.0 | 0.0 | 48.72 | 509.0 | 84.13 | 78.84 | 44.4 | 4.04 | 30.00 | -17.5 | -50.0 | 70.00 | 10.0 | 85.29 | 60.92 | 1.53 | 7.08 |
| 23Q1 (14) | 0.18 | -78.57 | -59.09 | 33.12 | -29.77 | 1.01 | 2.05 | -89.73 | 8.47 | 5.51 | -73.52 | -57.25 | 4.29 | -75.37 | -61.39 | 0.97 | -79.36 | -61.2 | 0.63 | -78.64 | -59.87 | 0.14 | -17.65 | 0.0 | 8.00 | -65.43 | -48.42 | 54.60 | -9.65 | -4.46 | 36.36 | -62.06 | 118.18 | 63.64 | 1427.27 | -27.27 | 60.00 | 24.53 | -4.4 |
| 22Q4 (13) | 0.84 | -17.65 | -30.58 | 47.16 | 11.2 | -1.75 | 19.97 | 70.83 | -23.04 | 20.81 | -26.44 | -20.48 | 17.42 | -28.87 | -17.91 | 4.70 | -22.7 | -35.44 | 2.95 | -18.96 | -33.56 | 0.17 | 13.33 | -19.05 | 23.14 | -25.26 | -17.48 | 60.43 | 2.65 | -4.16 | 95.83 | 133.33 | -2.8 | 4.17 | -92.93 | 195.83 | 48.18 | -17.64 | 6.97 |
| 22Q3 (12) | 1.02 | 41.67 | -20.31 | 42.41 | -3.31 | -18.13 | 11.69 | -18.88 | -56.66 | 28.29 | 19.92 | -9.41 | 24.49 | 35.01 | -11.4 | 6.08 | 42.72 | -23.23 | 3.64 | 41.63 | -24.01 | 0.15 | 7.14 | -11.76 | 30.96 | 17.01 | -7.11 | 58.87 | -22.31 | -10.92 | 41.07 | -31.55 | -52.66 | 58.93 | 55.99 | 345.24 | 58.50 | 2.83 | 22.0 |
| 22Q2 (11) | 0.72 | 63.64 | 300.0 | 43.86 | 33.76 | 74.74 | 14.41 | 662.43 | 277.46 | 23.59 | 83.01 | 298.9 | 18.14 | 63.28 | 250.92 | 4.26 | 70.4 | 298.14 | 2.57 | 63.69 | 299.22 | 0.14 | 0.0 | 27.27 | 26.46 | 70.6 | 434.51 | 75.78 | 32.6 | 15.98 | 60.00 | 260.0 | -12.73 | 37.78 | -56.83 | 20.89 | 56.89 | -9.35 | -13.95 |
| 22Q1 (10) | 0.44 | -63.64 | 51.72 | 32.79 | -31.69 | 1.52 | 1.89 | -92.72 | -40.94 | 12.89 | -50.75 | 37.27 | 11.11 | -47.64 | 38.7 | 2.50 | -65.66 | 41.24 | 1.57 | -64.64 | 46.73 | 0.14 | -33.33 | 7.69 | 15.51 | -44.69 | 27.03 | 57.15 | -9.36 | -10.73 | 16.67 | -83.1 | -55.56 | 87.50 | 6112.5 | 27.27 | 62.76 | 39.34 | -0.14 |
| 21Q4 (9) | 1.21 | -5.47 | 70.42 | 48.00 | -7.34 | 20.97 | 25.95 | -3.78 | 64.14 | 26.17 | -16.2 | 55.87 | 21.22 | -23.23 | 54.44 | 7.28 | -8.08 | 63.6 | 4.44 | -7.31 | 66.29 | 0.21 | 23.53 | 10.53 | 28.04 | -15.87 | 49.31 | 63.05 | -4.6 | -8.34 | 98.59 | 13.63 | 3.65 | 1.41 | -89.36 | -71.13 | 45.04 | -6.07 | -0.4 |
| 21Q3 (8) | 1.28 | 455.56 | 7.56 | 51.80 | 106.37 | 4.67 | 26.97 | 432.14 | 28.61 | 31.23 | 363.32 | -3.28 | 27.64 | 329.95 | -1.32 | 7.92 | 468.37 | 0.13 | 4.79 | 471.32 | 3.68 | 0.17 | 54.55 | 6.25 | 33.33 | 521.37 | -3.81 | 66.09 | 1.15 | 0.65 | 86.76 | 26.2 | 34.28 | 13.24 | -57.65 | -62.6 | 47.95 | -27.47 | -7.93 |
| 21Q2 (7) | -0.36 | -224.14 | -820.0 | 25.10 | -22.29 | -26.13 | -8.12 | -353.75 | -705.97 | -11.86 | -226.3 | -1178.18 | -12.02 | -250.06 | -764.09 | -2.15 | -221.47 | -714.29 | -1.29 | -220.56 | -714.29 | 0.11 | -15.38 | 0.0 | -7.91 | -164.78 | -283.1 | 65.34 | 2.06 | -15.94 | 68.75 | 83.33 | -31.25 | 31.25 | -54.55 | 0 | 66.11 | 5.19 | 1.72 |
| 21Q1 (6) | 0.29 | -59.15 | 163.64 | 32.30 | -18.6 | 4.8 | 3.20 | -79.76 | 1242.86 | 9.39 | -44.07 | 202.9 | 8.01 | -41.7 | 185.05 | 1.77 | -60.22 | 149.3 | 1.07 | -59.93 | 143.18 | 0.13 | -31.58 | -13.33 | 12.21 | -34.98 | 108.72 | 64.02 | -6.93 | 5.02 | 37.50 | -60.58 | 325.0 | 68.75 | 1309.37 | -31.25 | 62.85 | 38.99 | 8.57 |
| 20Q4 (5) | 0.71 | -40.34 | 1.43 | 39.68 | -19.82 | -10.1 | 15.81 | -24.61 | -8.4 | 16.79 | -48.0 | -4.87 | 13.74 | -50.95 | -8.34 | 4.45 | -43.74 | -2.41 | 2.67 | -42.21 | -4.98 | 0.19 | 18.75 | 0.0 | 18.78 | -45.8 | -6.94 | 68.79 | 4.77 | 5.07 | 95.12 | 47.21 | -2.37 | 4.88 | -86.21 | 90.24 | 45.22 | -13.17 | -11.65 |
| 20Q3 (4) | 1.19 | 2280.0 | 0.0 | 49.49 | 45.64 | 0.0 | 20.97 | 1464.93 | 0.0 | 32.29 | 2835.45 | 0.0 | 28.01 | 1447.51 | 0.0 | 7.91 | 2160.0 | 0.0 | 4.62 | 2100.0 | 0.0 | 0.16 | 45.45 | 0.0 | 34.65 | 702.08 | 0.0 | 65.66 | -15.53 | 0.0 | 64.62 | -35.38 | 0.0 | 35.38 | 0 | 0.0 | 52.08 | -19.86 | 0.0 |
| 20Q2 (3) | 0.05 | -54.55 | 0.0 | 33.98 | 10.25 | 0.0 | 1.34 | 578.57 | 0.0 | 1.10 | -64.52 | 0.0 | 1.81 | -35.59 | 0.0 | 0.35 | -50.7 | 0.0 | 0.21 | -52.27 | 0.0 | 0.11 | -26.67 | 0.0 | 4.32 | -26.15 | 0.0 | 77.73 | 27.51 | 0.0 | 100.00 | 700.0 | 0.0 | -0.00 | -100.0 | 0.0 | 64.99 | 12.26 | 0.0 |
| 20Q1 (2) | 0.11 | -84.29 | 0.0 | 30.82 | -30.18 | 0.0 | -0.28 | -101.62 | 0.0 | 3.10 | -82.44 | 0.0 | 2.81 | -81.25 | 0.0 | 0.71 | -84.43 | 0.0 | 0.44 | -84.34 | 0.0 | 0.15 | -21.05 | 0.0 | 5.85 | -71.01 | 0.0 | 60.96 | -6.89 | 0.0 | -16.67 | -117.11 | 0.0 | 100.00 | 3800.0 | 0.0 | 57.89 | 13.11 | 0.0 |
| 19Q4 (1) | 0.70 | 0.0 | 0.0 | 44.14 | 0.0 | 0.0 | 17.26 | 0.0 | 0.0 | 17.65 | 0.0 | 0.0 | 14.99 | 0.0 | 0.0 | 4.56 | 0.0 | 0.0 | 2.81 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 20.18 | 0.0 | 0.0 | 65.47 | 0.0 | 0.0 | 97.44 | 0.0 | 0.0 | 2.56 | 0.0 | 0.0 | 51.18 | 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) | 3.66 | 20.39 | 40.84 | -2.46 | 12.06 | -2.9 | 2.26 | -9.4 | 23.24 | 8.29 | 20.55 | 15.06 | 19.32 | 14.32 | 12.11 | 15.55 | 0.59 | 0.0 | 25.65 | 6.74 | 59.68 | -1.24 | 51.53 | -11.37 | 47.96 | 13.0 | 0.07 | 0 | 57.19 | 1.83 |
| 2022 (9) | 3.04 | 25.62 | 41.87 | 0.46 | 12.42 | -19.46 | 2.49 | -0.25 | 21.46 | 23.76 | 17.86 | 24.37 | 16.90 | 16.96 | 10.48 | 19.63 | 0.59 | -3.28 | 24.03 | 21.06 | 60.43 | -4.16 | 58.14 | -34.3 | 42.44 | 293.29 | 0.00 | 0 | 56.16 | 5.31 |
| 2021 (8) | 2.42 | 16.91 | 41.68 | 6.71 | 15.42 | 44.79 | 2.50 | 1.71 | 17.34 | 18.04 | 14.36 | 13.43 | 14.45 | 11.93 | 8.76 | 13.18 | 0.61 | 0.0 | 19.85 | 14.67 | 63.05 | -8.34 | 88.49 | 23.02 | 10.79 | -60.32 | 0.07 | -2.4 | 53.33 | -0.58 |
| 2020 (7) | 2.07 | 22.49 | 39.06 | -7.55 | 10.65 | -10.8 | 2.45 | -11.26 | 14.69 | 7.78 | 12.66 | 13.85 | 12.91 | 18.33 | 7.74 | 12.34 | 0.61 | 0.0 | 17.31 | 3.41 | 68.79 | 5.07 | 71.93 | -18.03 | 27.19 | 122.08 | 0.08 | 0 | 53.64 | -2.37 |
| 2019 (6) | 1.69 | 39.67 | 42.25 | 14.28 | 11.94 | 87.15 | 2.77 | 210.74 | 13.63 | 44.85 | 11.12 | 30.98 | 10.91 | 37.75 | 6.89 | 32.76 | 0.61 | 0.0 | 16.74 | 58.97 | 65.47 | 22.28 | 87.76 | 28.57 | 12.24 | -61.43 | 0.00 | 0 | 54.94 | 0.73 |
| 2018 (5) | 1.21 | 75.36 | 36.97 | 11.12 | 6.38 | 9.62 | 0.89 | 200.89 | 9.41 | 77.55 | 8.49 | 82.58 | 7.92 | 80.82 | 5.19 | 80.21 | 0.61 | -1.61 | 10.53 | 82.5 | 53.54 | 0.54 | 68.25 | -37.0 | 31.75 | 0 | 0.09 | 0 | 54.54 | -0.85 |
| 2017 (4) | 0.69 | -61.45 | 33.27 | -3.03 | 5.82 | 8.18 | 0.30 | 2.37 | 5.30 | -59.48 | 4.65 | -60.46 | 4.38 | -62.05 | 2.88 | -61.9 | 0.62 | -3.13 | 5.77 | -57.07 | 53.25 | 3.78 | 108.33 | 166.44 | -11.11 | 0 | 0.00 | 0 | 55.01 | 3.87 |
| 2016 (3) | 1.79 | 129.49 | 34.31 | 12.64 | 5.38 | 43.85 | 0.29 | -11.56 | 13.08 | 90.95 | 11.76 | 97.32 | 11.54 | 127.61 | 7.56 | 125.0 | 0.64 | 14.29 | 13.44 | 86.93 | 51.31 | -4.96 | 40.66 | -25.75 | 58.24 | 28.74 | 0.00 | 0 | 52.96 | -3.2 |
| 2015 (2) | 0.78 | -40.0 | 30.46 | -6.79 | 3.74 | -51.3 | 0.33 | 5.88 | 6.85 | -37.73 | 5.96 | -37.26 | 5.07 | -39.14 | 3.36 | -40.53 | 0.56 | -5.08 | 7.19 | -36.2 | 53.99 | 12.18 | 54.76 | -22.24 | 45.24 | 52.95 | 0.00 | 0 | 54.71 | 5.15 |
| 2014 (1) | 1.30 | 20.37 | 32.68 | 0 | 7.68 | 0 | 0.31 | -3.09 | 11.00 | 0 | 9.50 | 0 | 8.33 | 0 | 5.65 | 0 | 0.59 | 1.72 | 11.27 | 7.23 | 48.13 | 2.73 | 70.42 | -16.54 | 29.58 | 89.3 | 0.00 | 0 | 52.03 | -0.55 |
