- 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) | 0.84 | 95.35 | -33.86 | 58.48 | -1.55 | -1.17 | 4.69 | -15.65 | -21.57 | 5.50 | 8.91 | -2.83 | 3.30 | 102.45 | -26.67 | 1.43 | 107.25 | -32.55 | 0.94 | 77.36 | -28.24 | 0.24 | 0.0 | -7.69 | 18.15 | 1.0 | -2.89 | 76.40 | -8.94 | -5.38 | 85.38 | -22.5 | -19.33 | 14.62 | 243.72 | 350.18 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.43 | -51.69 | -70.75 | 59.40 | -0.83 | -0.17 | 5.56 | -15.76 | -10.18 | 5.05 | -16.94 | -26.6 | 1.63 | -53.95 | -68.23 | 0.69 | -53.38 | -71.13 | 0.53 | -45.92 | -63.19 | 0.24 | 0.0 | -4.0 | 17.97 | -5.32 | -11.56 | 83.90 | 13.27 | -4.54 | 110.17 | 1.56 | 22.49 | -10.17 | -19.92 | -201.11 | 31.99 | -2.91 | -1.36 |
| 24Q1 (18) | 0.89 | 888.89 | -35.51 | 59.90 | 3.13 | 1.96 | 6.60 | 122.22 | 3.77 | 6.08 | 367.69 | -9.52 | 3.54 | 1164.29 | -22.54 | 1.48 | 1038.46 | -32.11 | 0.98 | 366.67 | -26.32 | 0.24 | -4.0 | -4.0 | 18.98 | 39.46 | -4.67 | 74.07 | -4.22 | -13.81 | 108.48 | -52.68 | 14.38 | -8.48 | 93.44 | -264.43 | 32.95 | 6.57 | 3.32 |
| 23Q4 (17) | 0.09 | -92.91 | -87.32 | 58.08 | -1.84 | 1.72 | 2.97 | -50.33 | -26.12 | 1.30 | -77.03 | -60.84 | 0.28 | -93.78 | -86.14 | 0.13 | -93.87 | -86.46 | 0.21 | -83.97 | -69.12 | 0.25 | -3.85 | 0.0 | 13.61 | -27.18 | -17.71 | 77.33 | -4.22 | -14.41 | 229.23 | 116.58 | 90.28 | -129.23 | -2112.13 | -513.85 | 30.92 | -2.37 | -3.62 |
| 23Q3 (16) | 1.27 | -13.61 | 38.04 | 59.17 | -0.55 | 3.72 | 5.98 | -3.39 | 39.07 | 5.66 | -17.73 | 25.22 | 4.50 | -12.28 | 43.77 | 2.12 | -11.3 | 40.4 | 1.31 | -9.03 | 40.86 | 0.26 | 4.0 | 8.33 | 18.69 | -8.02 | 6.74 | 80.74 | -8.14 | -11.39 | 105.84 | 17.68 | 11.59 | -5.84 | -158.09 | -223.74 | 31.67 | -2.34 | 1.02 |
| 23Q2 (15) | 1.47 | 6.52 | 644.44 | 59.50 | 1.28 | 3.68 | 6.19 | -2.67 | 1114.75 | 6.88 | 2.38 | 1158.46 | 5.13 | 12.25 | 749.37 | 2.39 | 9.63 | 846.88 | 1.44 | 8.27 | 0 | 0.25 | 0.0 | 19.05 | 20.32 | 2.06 | 35.65 | 87.89 | 2.27 | -14.31 | 89.94 | -5.17 | -3.4 | 10.06 | 95.0 | 45.83 | 32.43 | 1.69 | -1.28 |
| 23Q1 (14) | 1.38 | 94.37 | 3.76 | 58.75 | 2.89 | -0.56 | 6.36 | 58.21 | -6.47 | 6.72 | 102.41 | -6.93 | 4.57 | 126.24 | -7.3 | 2.18 | 127.08 | 1.87 | 1.33 | 95.59 | 2.31 | 0.25 | 0.0 | 8.7 | 19.91 | 20.37 | -8.33 | 85.94 | -4.88 | 1.25 | 94.84 | -21.27 | 0.59 | 5.16 | 124.5 | -9.74 | 31.89 | -0.59 | -0.37 |
| 22Q4 (13) | 0.71 | -22.83 | -28.28 | 57.10 | 0.09 | -2.76 | 4.02 | -6.51 | -37.09 | 3.32 | -26.55 | -32.24 | 2.02 | -35.46 | -33.99 | 0.96 | -36.42 | -32.39 | 0.68 | -26.88 | -25.27 | 0.25 | 4.17 | 4.17 | 16.54 | -5.54 | -12.35 | 90.35 | -0.85 | -0.29 | 120.47 | 27.01 | -7.68 | -21.05 | -545.93 | 30.95 | 32.08 | 2.33 | 17.9 |
| 22Q3 (12) | 0.92 | 440.74 | -38.26 | 57.05 | -0.59 | -3.47 | 4.30 | 804.92 | -40.28 | 4.52 | 795.38 | -38.75 | 3.13 | 496.2 | -39.81 | 1.51 | 571.88 | -37.34 | 0.93 | 0 | -34.97 | 0.24 | 14.29 | 0.0 | 17.51 | 16.89 | -18.71 | 91.12 | -11.16 | 0.3 | 94.85 | 1.88 | -2.82 | 4.72 | -31.55 | 96.71 | 31.35 | -4.57 | -4.22 |
| 22Q2 (11) | -0.27 | -120.3 | -112.27 | 57.39 | -2.86 | -4.4 | -0.61 | -108.97 | -108.06 | -0.65 | -109.0 | -106.14 | -0.79 | -116.02 | -109.61 | -0.32 | -114.95 | -108.79 | 0.00 | -100.0 | -100.0 | 0.21 | -8.7 | -8.7 | 14.98 | -31.03 | -42.32 | 102.57 | 20.84 | 12.34 | 93.10 | -1.25 | 30.45 | 6.90 | 20.69 | -75.74 | 32.85 | 2.62 | 18.0 |
| 22Q1 (10) | 1.33 | 34.34 | -5.0 | 59.08 | 0.61 | 0.42 | 6.80 | 6.42 | -7.73 | 7.22 | 47.35 | -2.83 | 4.93 | 61.11 | -4.09 | 2.14 | 50.7 | -8.15 | 1.30 | 42.86 | -2.26 | 0.23 | -4.17 | 4.55 | 21.72 | 15.1 | -6.86 | 84.88 | -6.32 | -15.01 | 94.29 | -27.74 | -4.93 | 5.71 | 118.74 | 589.52 | 32.01 | 17.64 | -1.08 |
| 21Q4 (9) | 0.99 | -33.56 | -48.7 | 58.72 | -0.64 | -1.51 | 6.39 | -11.25 | -41.43 | 4.90 | -33.6 | -47.31 | 3.06 | -41.15 | -52.19 | 1.42 | -41.08 | -55.9 | 0.91 | -36.36 | -45.51 | 0.24 | 0.0 | 0.0 | 18.87 | -12.4 | -30.21 | 90.61 | -0.26 | -15.97 | 130.49 | 33.7 | 11.33 | -30.49 | -1370.33 | -77.12 | 27.21 | -16.87 | -10.96 |
| 21Q3 (8) | 1.49 | -32.27 | -31.96 | 59.10 | -1.55 | -1.79 | 7.20 | -4.89 | -35.25 | 7.38 | -30.31 | -29.85 | 5.20 | -36.74 | -30.85 | 2.41 | -33.79 | -39.75 | 1.43 | -29.9 | -28.5 | 0.24 | 4.35 | 0.0 | 21.54 | -17.06 | -18.32 | 90.85 | -0.49 | -23.2 | 97.60 | 36.75 | -7.68 | 2.40 | -91.56 | 141.93 | 32.73 | 17.56 | 25.4 |
| 21Q2 (7) | 2.20 | 57.14 | 89.66 | 60.03 | 2.04 | 2.49 | 7.57 | 2.71 | 21.51 | 10.59 | 42.53 | 68.36 | 8.22 | 59.92 | 73.78 | 3.64 | 56.22 | 74.16 | 2.04 | 53.38 | 78.95 | 0.23 | 4.55 | 15.0 | 25.97 | 11.36 | 1.41 | 91.30 | -8.58 | -29.64 | 71.37 | -28.03 | -27.85 | 28.43 | 3330.95 | 2534.82 | 27.84 | -13.97 | 0 |
| 21Q1 (6) | 1.40 | -27.46 | 288.89 | 58.83 | -1.33 | -0.83 | 7.37 | -32.45 | 127.47 | 7.43 | -20.11 | 327.01 | 5.14 | -19.69 | 350.88 | 2.33 | -27.64 | 339.62 | 1.33 | -20.36 | 182.98 | 0.22 | -8.33 | 4.76 | 23.32 | -13.76 | 12.82 | 99.87 | -7.38 | -19.41 | 99.17 | -15.39 | -46.5 | 0.83 | 104.81 | 100.97 | 32.36 | 5.89 | 3.55 |
| 20Q4 (5) | 1.93 | -11.87 | 114.44 | 59.62 | -0.93 | 0.18 | 10.91 | -1.89 | 37.58 | 9.30 | -11.6 | 64.6 | 6.40 | -14.89 | 126.15 | 3.22 | -19.5 | 101.25 | 1.67 | -16.5 | 73.96 | 0.24 | 0.0 | -7.69 | 27.04 | 2.54 | 23.98 | 107.83 | -8.85 | -11.12 | 117.21 | 10.87 | -16.46 | -17.21 | -200.69 | 57.3 | 30.56 | 17.09 | 0 |
| 20Q3 (4) | 2.19 | 88.79 | 0.0 | 60.18 | 2.75 | 0.0 | 11.12 | 78.49 | 0.0 | 10.52 | 67.25 | 0.0 | 7.52 | 58.99 | 0.0 | 4.00 | 91.39 | 0.0 | 2.00 | 75.44 | 0.0 | 0.24 | 20.0 | 0.0 | 26.37 | 2.97 | 0.0 | 118.30 | -8.84 | 0.0 | 105.72 | 6.88 | 0.0 | -5.72 | -630.47 | 0.0 | 26.10 | 0 | 0.0 |
| 20Q2 (3) | 1.16 | 222.22 | 0.0 | 58.57 | -1.26 | 0.0 | 6.23 | 92.28 | 0.0 | 6.29 | 261.49 | 0.0 | 4.73 | 314.91 | 0.0 | 2.09 | 294.34 | 0.0 | 1.14 | 142.55 | 0.0 | 0.20 | -4.76 | 0.0 | 25.61 | 23.9 | 0.0 | 129.77 | 4.72 | 0.0 | 98.92 | -46.63 | 0.0 | 1.08 | 101.26 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.36 | -60.0 | 0.0 | 59.32 | -0.32 | 0.0 | 3.24 | -59.14 | 0.0 | 1.74 | -69.2 | 0.0 | 1.14 | -59.72 | 0.0 | 0.53 | -66.88 | 0.0 | 0.47 | -51.04 | 0.0 | 0.21 | -19.23 | 0.0 | 20.67 | -5.23 | 0.0 | 123.92 | 2.14 | 0.0 | 185.37 | 32.11 | 0.0 | -85.37 | -111.79 | 0.0 | 31.25 | 0 | 0.0 |
| 19Q4 (1) | 0.90 | 0.0 | 0.0 | 59.51 | 0.0 | 0.0 | 7.93 | 0.0 | 0.0 | 5.65 | 0.0 | 0.0 | 2.83 | 0.0 | 0.0 | 1.60 | 0.0 | 0.0 | 0.96 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 21.81 | 0.0 | 0.0 | 121.32 | 0.0 | 0.0 | 140.31 | 0.0 | 0.0 | -40.31 | 0.0 | 0.0 | 0.00 | 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) | 4.20 | 56.72 | 58.88 | 2.15 | 5.39 | 43.73 | 12.13 | -6.93 | 5.16 | 39.08 | 3.64 | 51.04 | 6.83 | 58.1 | 4.36 | 47.3 | 1.02 | 8.51 | 18.15 | 2.31 | 77.33 | -14.41 | 104.46 | 3.6 | -4.46 | 0 | 0.18 | -17.77 | 31.73 | -0.97 |
| 2022 (9) | 2.68 | -55.85 | 57.64 | -2.59 | 3.75 | -47.41 | 13.04 | -5.67 | 3.71 | -50.86 | 2.41 | -55.29 | 4.32 | -56.41 | 2.96 | -47.8 | 0.94 | 2.17 | 17.74 | -20.77 | 90.35 | -0.29 | 100.83 | 6.88 | -0.97 | 0 | 0.22 | -5.0 | 32.04 | 6.66 |
| 2021 (8) | 6.07 | 7.62 | 59.17 | -0.49 | 7.13 | -11.76 | 13.82 | -16.75 | 7.55 | 5.59 | 5.39 | 6.31 | 9.91 | 3.66 | 5.67 | 7.39 | 0.92 | 4.55 | 22.39 | -10.51 | 90.61 | -15.97 | 94.33 | -16.52 | 5.67 | 0 | 0.23 | 2.24 | 30.04 | 3.3 |
| 2020 (7) | 5.64 | 8.88 | 59.46 | -0.34 | 8.08 | 9.63 | 16.60 | 10.85 | 7.15 | 11.54 | 5.07 | 25.5 | 9.56 | 5.87 | 5.28 | -10.51 | 0.88 | -26.05 | 25.02 | 10.61 | 107.83 | -11.12 | 113.01 | -1.75 | -13.01 | 0 | 0.23 | 21.38 | 29.08 | -3.29 |
| 2019 (6) | 5.18 | -44.06 | 59.66 | 1.57 | 7.37 | -22.26 | 14.98 | 202.47 | 6.41 | -36.09 | 4.04 | -41.28 | 9.03 | -44.5 | 5.90 | -43.92 | 1.19 | -21.19 | 22.62 | 48.91 | 121.32 | 123.51 | 115.02 | 21.76 | -14.95 | 0 | 0.19 | -36.11 | 30.07 | 6.63 |
| 2018 (5) | 9.26 | -29.42 | 58.74 | -0.99 | 9.48 | -22.99 | 4.95 | 5.72 | 10.03 | -22.25 | 6.88 | -26.5 | 16.27 | -29.81 | 10.52 | -29.3 | 1.51 | -3.82 | 15.19 | -14.85 | 54.28 | -8.37 | 94.46 | -1.04 | 5.54 | 20.97 | 0.29 | -0.09 | 28.20 | 6.78 |
| 2017 (4) | 13.12 | 11.66 | 59.33 | 1.98 | 12.31 | 14.83 | 4.68 | -8.87 | 12.90 | 18.68 | 9.36 | 15.7 | 23.18 | 6.38 | 14.88 | 6.59 | 1.57 | -8.19 | 17.84 | 9.85 | 59.24 | 7.69 | 95.45 | -3.25 | 4.58 | 242.86 | 0.29 | 0 | 26.41 | 3.45 |
| 2016 (3) | 11.75 | 45.6 | 58.18 | 2.7 | 10.72 | 30.57 | 5.14 | -2.57 | 10.87 | 41.72 | 8.09 | 41.93 | 21.79 | 35.17 | 13.96 | 31.82 | 1.71 | -7.57 | 16.24 | 23.69 | 55.01 | -7.95 | 98.66 | -7.8 | 1.34 | 0 | 0.00 | 0 | 25.53 | 3.36 |
| 2015 (2) | 8.07 | 115.78 | 56.65 | 0.68 | 8.21 | 73.57 | 5.27 | 5.14 | 7.67 | 50.69 | 5.70 | 88.12 | 16.12 | 93.52 | 10.59 | 81.65 | 1.85 | -3.65 | 13.13 | 28.35 | 59.76 | 32.86 | 107.01 | 15.21 | -7.01 | 0 | 0.00 | 0 | 24.70 | -6.83 |
| 2014 (1) | 3.74 | -8.11 | 56.27 | 0 | 4.73 | 0 | 5.02 | 1.91 | 5.09 | 0 | 3.03 | 0 | 8.33 | 0 | 5.83 | 0 | 1.92 | 10.34 | 10.23 | -8.17 | 44.98 | 10.49 | 92.88 | -8.8 | 7.12 | 0 | 0.00 | 0 | 26.51 | 4.99 |
