- 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) | 1.84 | 27.78 | 104.44 | 39.85 | 29.97 | 92.51 | 35.89 | 46.73 | 114.78 | 36.76 | 28.31 | 89.68 | 35.12 | 21.44 | 81.22 | 4.00 | 27.39 | 77.78 | 2.13 | 22.41 | 65.12 | 0.05 | 0.0 | 0.0 | 65.12 | 10.71 | 26.96 | 121.02 | -4.39 | -12.5 | 97.66 | 14.4 | 13.37 | 2.34 | -84.03 | -83.13 | 12.42 | -5.05 | -5.91 |
| 24Q2 (19) | 1.44 | 23.08 | 102.82 | 30.66 | 13.01 | 21.19 | 24.46 | 7.0 | 14.78 | 28.65 | 8.77 | 40.92 | 28.92 | 14.13 | 79.85 | 3.14 | 14.6 | 75.42 | 1.74 | 12.26 | 58.18 | 0.05 | 0.0 | 25.0 | 58.82 | 1.82 | 10.23 | 126.58 | 2.28 | -17.79 | 85.37 | -1.64 | -18.46 | 14.63 | 10.77 | 402.8 | 13.08 | -1.88 | -6.84 |
| 24Q1 (18) | 1.17 | 12.5 | 98.31 | 27.13 | -8.56 | 66.85 | 22.86 | -6.23 | 114.85 | 26.34 | 19.62 | 175.52 | 25.34 | 19.58 | 51.74 | 2.74 | 11.38 | 87.67 | 1.55 | 9.93 | 66.67 | 0.05 | 0.0 | 25.0 | 57.77 | 8.02 | 26.86 | 123.76 | -10.58 | -12.16 | 86.79 | -21.64 | -22.0 | 13.21 | 222.82 | 217.18 | 13.33 | -7.43 | -22.18 |
| 23Q4 (17) | 1.04 | 15.56 | 76.27 | 29.67 | 43.33 | 12.64 | 24.38 | 45.9 | 26.78 | 22.02 | 13.62 | 43.55 | 21.19 | 9.34 | 36.8 | 2.46 | 9.33 | 65.1 | 1.41 | 9.3 | 60.23 | 0.05 | 0.0 | 25.0 | 53.48 | 4.27 | 27.15 | 138.40 | 0.07 | 4.61 | 110.76 | 28.56 | -11.61 | -10.76 | -177.64 | 57.5 | 14.40 | 9.09 | -9.6 |
| 23Q3 (16) | 0.90 | 26.76 | -58.72 | 20.70 | -18.18 | -51.2 | 16.71 | -21.59 | -56.26 | 19.38 | -4.67 | -56.88 | 19.38 | 20.52 | -56.75 | 2.25 | 25.7 | -61.67 | 1.29 | 17.27 | -51.87 | 0.05 | 25.0 | -16.67 | 51.29 | -3.88 | -20.1 | 138.31 | -10.18 | 10.92 | 86.15 | -17.72 | 1.39 | 13.85 | 386.66 | -7.54 | 13.20 | -5.98 | 16.09 |
| 23Q2 (15) | 0.71 | 20.34 | -50.69 | 25.30 | 55.6 | -32.69 | 21.31 | 100.28 | -36.27 | 20.33 | 112.66 | -39.62 | 16.08 | -3.71 | -49.95 | 1.79 | 22.6 | -57.48 | 1.10 | 18.28 | -41.8 | 0.04 | 0.0 | -20.0 | 53.36 | 17.17 | 1.73 | 153.98 | 9.28 | 6.13 | 104.70 | -5.91 | 5.44 | -4.83 | 57.13 | -787.25 | 14.04 | -18.04 | 18.28 |
| 23Q1 (14) | 0.59 | 0.0 | -41.0 | 16.26 | -38.27 | -52.57 | 10.64 | -44.67 | -62.99 | 9.56 | -37.68 | -65.67 | 16.70 | 7.81 | -39.49 | 1.46 | -2.01 | -52.44 | 0.93 | 5.68 | -33.57 | 0.04 | 0.0 | -20.0 | 45.54 | 8.27 | -6.16 | 140.90 | 6.5 | 5.97 | 111.27 | -11.2 | 7.85 | -11.27 | 55.45 | -255.3 | 17.13 | 7.53 | 25.22 |
| 22Q4 (13) | 0.59 | -72.94 | -71.36 | 26.34 | -37.91 | -38.91 | 19.23 | -49.66 | -49.29 | 15.34 | -65.87 | -64.07 | 15.49 | -65.43 | -63.58 | 1.49 | -74.62 | -78.47 | 0.88 | -67.16 | -69.86 | 0.04 | -33.33 | -42.86 | 42.06 | -34.48 | -27.71 | 132.30 | 6.1 | -6.06 | 125.30 | 47.48 | 41.08 | -25.30 | -268.9 | -325.15 | 15.93 | 40.11 | 39.13 |
| 22Q3 (12) | 2.18 | 51.39 | 3.32 | 42.42 | 12.85 | 32.11 | 38.20 | 14.23 | 33.89 | 44.94 | 33.47 | 3.1 | 44.81 | 39.46 | 3.37 | 5.87 | 39.43 | -22.25 | 2.68 | 41.8 | -12.13 | 0.06 | 20.0 | -14.29 | 64.19 | 22.38 | 8.32 | 124.69 | -14.06 | -17.39 | 84.96 | -14.43 | 29.84 | 14.98 | 2030.64 | -56.65 | 11.37 | -4.21 | 24.95 |
| 22Q2 (11) | 1.44 | 44.0 | 18.03 | 37.59 | 9.66 | 27.94 | 33.44 | 16.31 | 30.93 | 33.67 | 20.9 | 10.61 | 32.13 | 16.41 | 5.21 | 4.21 | 37.13 | -5.18 | 1.89 | 35.0 | 3.85 | 0.05 | 0.0 | -16.67 | 52.45 | 8.08 | 5.47 | 145.09 | 9.12 | -10.92 | 99.30 | -3.76 | 18.4 | 0.70 | 122.16 | -95.64 | 11.87 | -13.23 | 19.18 |
| 22Q1 (10) | 1.00 | -51.46 | 143.9 | 34.28 | -20.5 | 135.76 | 28.75 | -24.18 | 204.88 | 27.85 | -34.78 | 98.5 | 27.60 | -35.1 | 98.7 | 3.07 | -55.64 | 110.27 | 1.40 | -52.05 | 105.88 | 0.05 | -28.57 | 25.0 | 48.53 | -16.59 | 16.74 | 132.96 | -5.6 | -16.03 | 103.17 | 16.16 | 53.87 | -3.17 | -128.23 | -109.71 | 13.68 | 19.48 | -0.94 |
| 21Q4 (9) | 2.06 | -2.37 | 312.0 | 43.12 | 34.29 | 164.54 | 37.92 | 32.91 | 216.0 | 42.70 | -2.04 | 143.72 | 42.53 | -1.89 | 142.61 | 6.92 | -8.34 | 280.22 | 2.92 | -4.26 | 260.49 | 0.07 | 0.0 | 75.0 | 58.18 | -1.82 | 24.64 | 140.84 | -6.69 | -12.88 | 88.82 | 35.73 | 29.67 | 11.24 | -67.48 | -64.33 | 11.45 | 25.82 | -15.87 |
| 21Q3 (8) | 2.11 | 72.95 | 139.77 | 32.11 | 9.29 | 61.28 | 28.53 | 11.71 | 85.14 | 43.59 | 43.2 | 53.05 | 43.35 | 41.94 | 51.68 | 7.55 | 70.05 | 134.47 | 3.05 | 67.58 | 124.26 | 0.07 | 16.67 | 75.0 | 59.26 | 19.16 | 7.82 | 150.94 | -7.33 | -7.07 | 65.44 | -21.97 | 20.92 | 34.56 | 114.24 | -24.68 | 9.10 | -8.63 | -29.78 |
| 21Q2 (7) | 1.22 | 197.56 | 916.67 | 29.38 | 102.06 | 8261.11 | 25.54 | 170.84 | 461.24 | 30.44 | 116.96 | 747.91 | 30.54 | 119.87 | 377.19 | 4.44 | 204.11 | 932.56 | 1.82 | 167.65 | 468.75 | 0.06 | 50.0 | 100.0 | 49.73 | 19.63 | 6.51 | 162.88 | 2.86 | 3.35 | 83.87 | 25.08 | 142.67 | 16.13 | -50.6 | -94.56 | 9.96 | -27.88 | -47.72 |
| 21Q1 (6) | 0.41 | -18.0 | 189.13 | 14.54 | -10.8 | 712.29 | 9.43 | -21.42 | 380.65 | 14.03 | -19.92 | 169.39 | 13.89 | -20.76 | 168.26 | 1.46 | -19.78 | 197.33 | 0.68 | -16.05 | 244.68 | 0.04 | 0.0 | 33.33 | 41.57 | -10.95 | 142.53 | 158.35 | -2.05 | 8.85 | 67.05 | -2.11 | 303.36 | 32.66 | 3.67 | -60.83 | 13.81 | 1.47 | -18.04 |
| 20Q4 (5) | 0.50 | -43.18 | -33.33 | 16.30 | -18.13 | -31.14 | 12.00 | -22.13 | -33.88 | 17.52 | -38.48 | -27.96 | 17.53 | -38.66 | -29.4 | 1.82 | -43.48 | -22.22 | 0.81 | -40.44 | -30.17 | 0.04 | 0.0 | 0.0 | 46.68 | -15.07 | -12.16 | 161.67 | -0.46 | 22.55 | 68.50 | 26.57 | -8.28 | 31.50 | -31.34 | 24.41 | 13.61 | 5.02 | -1.45 |
| 20Q3 (4) | 0.88 | 633.33 | 0.0 | 19.91 | 5630.56 | 0.0 | 15.41 | 317.96 | 0.0 | 28.48 | 693.31 | 0.0 | 28.58 | 346.56 | 0.0 | 3.22 | 648.84 | 0.0 | 1.36 | 325.0 | 0.0 | 0.04 | 33.33 | 0.0 | 54.96 | 17.71 | 0.0 | 162.42 | 3.06 | 0.0 | 54.12 | 127.53 | 0.0 | 45.88 | -84.53 | 0.0 | 12.96 | -31.97 | 0.0 |
| 20Q2 (3) | 0.12 | 126.09 | 0.0 | -0.36 | -120.11 | 0.0 | -7.07 | -110.42 | 0.0 | 3.59 | 117.75 | 0.0 | 6.40 | 131.45 | 0.0 | 0.43 | 128.67 | 0.0 | 0.32 | 168.09 | 0.0 | 0.03 | 0.0 | 0.0 | 46.69 | 172.4 | 0.0 | 157.60 | 8.34 | 0.0 | -196.55 | -1282.38 | 0.0 | 296.55 | 255.68 | 0.0 | 19.05 | 13.06 | 0.0 |
| 20Q1 (2) | -0.46 | -161.33 | 0.0 | 1.79 | -92.44 | 0.0 | -3.36 | -118.51 | 0.0 | -20.22 | -183.14 | 0.0 | -20.35 | -181.96 | 0.0 | -1.50 | -164.1 | 0.0 | -0.47 | -140.52 | 0.0 | 0.03 | -25.0 | 0.0 | 17.14 | -67.75 | 0.0 | 145.47 | 10.27 | 0.0 | 16.62 | -77.74 | 0.0 | 83.38 | 229.26 | 0.0 | 16.85 | 22.01 | 0.0 |
| 19Q4 (1) | 0.75 | 0.0 | 0.0 | 23.67 | 0.0 | 0.0 | 18.15 | 0.0 | 0.0 | 24.32 | 0.0 | 0.0 | 24.83 | 0.0 | 0.0 | 2.34 | 0.0 | 0.0 | 1.16 | 0.0 | 0.0 | 0.04 | 0.0 | 0.0 | 53.14 | 0.0 | 0.0 | 131.92 | 0.0 | 0.0 | 74.68 | 0.0 | 0.0 | 25.32 | 0.0 | 0.0 | 13.81 | 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) | 3.24 | -37.81 | 23.45 | -34.37 | 18.78 | -38.61 | 22.51 | 33.27 | 18.39 | -41.67 | 18.51 | -40.41 | 8.00 | -46.67 | 4.90 | -30.1 | 0.18 | -10.0 | 51.27 | -2.6 | 138.40 | 4.61 | 102.11 | 5.27 | -2.11 | 0 | 0.05 | -38.39 | 14.53 | 11.51 |
| 2022 (9) | 5.21 | -10.02 | 35.73 | 13.18 | 30.59 | 12.55 | 16.89 | 6.17 | 31.53 | -9.84 | 31.06 | -10.88 | 15.00 | -24.85 | 7.01 | -16.65 | 0.20 | -13.04 | 52.64 | -1.68 | 132.30 | -6.06 | 97.00 | 24.81 | 3.00 | -86.54 | 0.08 | -33.93 | 13.03 | 20.43 |
| 2021 (8) | 5.79 | 456.73 | 31.57 | 187.26 | 27.18 | 353.76 | 15.91 | -42.74 | 34.97 | 257.2 | 34.85 | 237.69 | 19.96 | 468.66 | 8.41 | 326.9 | 0.23 | 64.29 | 53.54 | 25.68 | 140.84 | -12.88 | 77.72 | 27.19 | 22.26 | -42.77 | 0.12 | 53.31 | 10.82 | -28.68 |
| 2020 (7) | 1.04 | -45.83 | 10.99 | -41.6 | 5.99 | -58.58 | 27.78 | 16.53 | 9.79 | -43.34 | 10.32 | -35.94 | 3.51 | -43.2 | 1.97 | -41.54 | 0.14 | -12.5 | 42.60 | -10.09 | 161.67 | 22.55 | 61.10 | -26.98 | 38.90 | 138.3 | 0.08 | -18.21 | 15.17 | 12.29 |
| 2019 (6) | 1.92 | -2.54 | 18.82 | 26.48 | 14.46 | 24.98 | 23.84 | 19.53 | 17.28 | 21.95 | 16.11 | 11.26 | 6.18 | -12.09 | 3.37 | -9.16 | 0.16 | -20.0 | 47.38 | 19.56 | 131.92 | -10.05 | 83.68 | 2.51 | 16.32 | -11.15 | 0.09 | 71.14 | 13.51 | 18.3 |
| 2018 (5) | 1.97 | 66.95 | 14.88 | 67.95 | 11.57 | 119.96 | 19.94 | -23.97 | 14.17 | 53.19 | 14.48 | 27.13 | 7.03 | 63.11 | 3.71 | 42.69 | 0.20 | 25.0 | 39.63 | -5.06 | 146.66 | -0.08 | 81.63 | 43.6 | 18.37 | -57.43 | 0.06 | 0 | 11.42 | -18.54 |
| 2017 (4) | 1.18 | 0 | 8.86 | 0 | 5.26 | 0 | 26.23 | -23.7 | 9.25 | 0 | 11.39 | 0 | 4.31 | 0 | 2.60 | 0 | 0.16 | 45.45 | 41.74 | 41.4 | 146.78 | 7.38 | 56.84 | 3.83 | 43.16 | -4.63 | 0.00 | 0 | 14.02 | -26.02 |
| 2016 (3) | -1.04 | 0 | -3.04 | 0 | -7.14 | 0 | 34.38 | 19.71 | -13.04 | 0 | -13.43 | 0 | -3.37 | 0 | -0.71 | 0 | 0.11 | -8.33 | 29.52 | -32.39 | 136.69 | 4.37 | 54.75 | 510.65 | 45.25 | -50.29 | 0.00 | 0 | 18.95 | 17.7 |
| 2015 (2) | 0.96 | -60.49 | 4.78 | -75.88 | 0.82 | -94.93 | 28.72 | 42.82 | 9.14 | -64.87 | 10.39 | -54.53 | 2.95 | -61.98 | 1.90 | -54.55 | 0.12 | -25.0 | 43.66 | -13.11 | 130.97 | 5.22 | 8.97 | -85.58 | 91.03 | 140.53 | 0.00 | 0 | 16.10 | 1018.06 |
| 2014 (1) | 2.43 | 32.79 | 19.82 | 0 | 16.18 | 0 | 20.11 | 5.72 | 26.02 | 0 | 22.85 | 0 | 7.76 | 0 | 4.18 | 0 | 0.16 | 6.67 | 50.25 | 11.42 | 124.47 | 22.47 | 62.20 | 34.98 | 37.85 | -29.73 | 0.00 | 0 | 1.44 | -89.82 |
