- 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) | 2.46 | 53.75 | 278.46 | 21.55 | 22.72 | 15.3 | 11.13 | 66.12 | 58.1 | 13.54 | 30.32 | 131.06 | 11.65 | 18.51 | 106.93 | 4.94 | 38.76 | 174.44 | 3.28 | 36.67 | 162.4 | 0.28 | 16.67 | 27.27 | 16.24 | 20.74 | 80.24 | 51.55 | 3.49 | 24.76 | 82.25 | 27.53 | -31.62 | 17.86 | -49.71 | 188.01 | 21.55 | -5.9 | -7.59 |
| 24Q2 (19) | 1.60 | 300.0 | 50.94 | 17.56 | 15.22 | -6.7 | 6.70 | 172.36 | 14.92 | 10.39 | 85.87 | -9.65 | 9.83 | 116.52 | 5.47 | 3.56 | 173.85 | 21.09 | 2.40 | 166.67 | 20.0 | 0.24 | 20.0 | 14.29 | 13.45 | 41.73 | -8.32 | 49.81 | 5.96 | 7.6 | 64.49 | 47.41 | 27.49 | 35.51 | -36.41 | -27.86 | 22.90 | -11.99 | -8.07 |
| 24Q1 (18) | 0.40 | -60.0 | 471.43 | 15.24 | -11.6 | -7.8 | 2.46 | -48.96 | 5.58 | 5.59 | -30.39 | 48.67 | 4.54 | -32.44 | 110.19 | 1.30 | -39.81 | 124.14 | 0.90 | -41.18 | 119.51 | 0.20 | -13.04 | 5.26 | 9.49 | -15.34 | 27.21 | 47.01 | 13.99 | -1.01 | 43.75 | -27.15 | -30.0 | 55.83 | 39.76 | 46.18 | 26.02 | 5.05 | -0.23 |
| 23Q4 (17) | 1.00 | 53.85 | 156.41 | 17.24 | -7.76 | -17.67 | 4.82 | -31.53 | -38.6 | 8.03 | 37.03 | 37.26 | 6.72 | 19.36 | 57.75 | 2.16 | 20.0 | 62.41 | 1.53 | 22.4 | 61.05 | 0.23 | 4.55 | 4.55 | 11.21 | 24.42 | 25.81 | 41.24 | -0.19 | 5.88 | 60.05 | -50.08 | -55.21 | 39.95 | 296.89 | 217.24 | 24.77 | 6.22 | 6.63 |
| 23Q3 (16) | 0.65 | -38.68 | -59.88 | 18.69 | -0.69 | -15.35 | 7.04 | 20.75 | -23.89 | 5.86 | -49.04 | -59.7 | 5.63 | -39.59 | -50.74 | 1.80 | -38.78 | -55.67 | 1.25 | -37.5 | -54.87 | 0.22 | 4.76 | -8.33 | 9.01 | -38.58 | -47.83 | 41.32 | -10.74 | 1.65 | 120.29 | 137.79 | 89.1 | -20.29 | -141.22 | -155.76 | 23.32 | -6.38 | 4.9 |
| 23Q2 (15) | 1.06 | 1414.29 | 6.0 | 18.82 | 13.85 | 3.07 | 5.83 | 150.21 | -4.58 | 11.50 | 205.85 | 11.22 | 9.32 | 331.48 | 11.88 | 2.94 | 406.9 | 2.08 | 2.00 | 387.8 | 5.26 | 0.21 | 10.53 | -8.7 | 14.67 | 96.65 | 11.73 | 46.29 | -2.53 | -12.54 | 50.59 | -19.06 | -14.45 | 49.22 | 28.86 | 20.42 | 24.91 | -4.49 | 7.05 |
| 23Q1 (14) | 0.07 | -82.05 | -75.0 | 16.53 | -21.06 | -4.67 | 2.33 | -70.32 | -48.68 | 3.76 | -35.73 | -16.44 | 2.16 | -49.3 | -39.33 | 0.58 | -56.39 | -44.76 | 0.41 | -56.84 | -43.06 | 0.19 | -13.64 | -5.0 | 7.46 | -16.27 | -2.36 | 47.49 | 21.93 | -7.25 | 62.50 | -53.38 | -38.11 | 38.19 | 212.09 | 3957.64 | 26.08 | 12.27 | 7.06 |
| 22Q4 (13) | 0.39 | -75.93 | -75.47 | 20.94 | -5.16 | -1.64 | 7.85 | -15.14 | -19.9 | 5.85 | -59.77 | -41.5 | 4.26 | -62.73 | -52.3 | 1.33 | -67.24 | -58.7 | 0.95 | -65.7 | -57.78 | 0.22 | -8.33 | -12.0 | 8.91 | -48.41 | -27.38 | 38.95 | -4.18 | -8.05 | 134.07 | 110.77 | 36.74 | -34.07 | -193.64 | -1850.17 | 23.23 | 4.5 | 3.2 |
| 22Q3 (12) | 1.62 | 62.0 | 23.66 | 22.08 | 20.92 | 8.39 | 9.25 | 51.39 | -3.24 | 14.54 | 40.62 | 36.91 | 11.43 | 37.21 | 21.08 | 4.06 | 40.97 | 23.78 | 2.77 | 45.79 | 19.91 | 0.24 | 4.35 | 0.0 | 17.27 | 31.53 | 32.95 | 40.65 | -23.2 | -7.74 | 63.61 | 7.59 | -29.2 | 36.39 | -10.97 | 264.52 | 22.23 | -4.47 | 5.66 |
| 22Q2 (11) | 1.00 | 257.14 | -26.47 | 18.26 | 5.31 | -11.06 | 6.11 | 34.58 | -39.8 | 10.34 | 129.78 | 7.37 | 8.33 | 133.99 | -8.56 | 2.88 | 174.29 | -6.8 | 1.90 | 163.89 | -15.18 | 0.23 | 15.0 | -8.0 | 13.13 | 71.86 | 4.04 | 52.93 | 3.38 | 33.29 | 59.13 | -41.45 | -43.88 | 40.87 | 4228.17 | 862.96 | 23.27 | -4.47 | 9.15 |
| 22Q1 (10) | 0.28 | -82.39 | -74.07 | 17.34 | -18.55 | -15.17 | 4.54 | -53.67 | -52.01 | 4.50 | -55.0 | -52.53 | 3.56 | -60.13 | -56.37 | 1.05 | -67.39 | -58.82 | 0.72 | -68.0 | -61.7 | 0.20 | -20.0 | -13.04 | 7.64 | -37.73 | -40.78 | 51.20 | 20.87 | 41.36 | 100.99 | 3.0 | 1.22 | -0.99 | -150.86 | -543.56 | 24.36 | 8.22 | 10.28 |
| 21Q4 (9) | 1.59 | 21.37 | 183.93 | 21.29 | 4.52 | 17.75 | 9.80 | 2.51 | 53.12 | 10.00 | -5.84 | 136.97 | 8.93 | -5.4 | 113.13 | 3.22 | -1.83 | 161.79 | 2.25 | -2.6 | 144.57 | 0.25 | 4.17 | 13.64 | 12.27 | -5.54 | 51.11 | 42.36 | -3.86 | 21.79 | 98.05 | 9.14 | -35.45 | 1.95 | -80.5 | 103.75 | 22.51 | 6.99 | 26.46 |
| 21Q3 (8) | 1.31 | -3.68 | 98.48 | 20.37 | -0.78 | -6.43 | 9.56 | -5.81 | 3.24 | 10.62 | 10.28 | 43.9 | 9.44 | 3.62 | 78.45 | 3.28 | 6.15 | 101.23 | 2.31 | 3.12 | 89.34 | 0.24 | -4.0 | 4.35 | 12.99 | 2.93 | 17.56 | 44.06 | 10.95 | 29.25 | 89.84 | -14.73 | -28.25 | 9.98 | 286.34 | 139.58 | 21.04 | -1.31 | -3.49 |
| 21Q2 (7) | 1.36 | 25.93 | 130.51 | 20.53 | 0.44 | 5.93 | 10.15 | 7.29 | 42.16 | 9.63 | 1.58 | 16.73 | 9.11 | 11.64 | 47.89 | 3.09 | 21.18 | 95.57 | 2.24 | 19.15 | 83.61 | 0.25 | 8.7 | 25.0 | 12.62 | -2.17 | 2.02 | 39.71 | 9.64 | 16.66 | 105.36 | 5.59 | 21.71 | -5.36 | -2500.0 | -139.87 | 21.32 | -3.49 | 0 |
| 21Q1 (6) | 1.08 | 92.86 | 363.41 | 20.44 | 13.05 | 51.86 | 9.46 | 47.81 | 419.59 | 9.48 | 124.64 | 1057.58 | 8.16 | 94.75 | 520.62 | 2.55 | 107.32 | 808.33 | 1.88 | 104.35 | 748.28 | 0.23 | 4.55 | 53.33 | 12.90 | 58.87 | 175.05 | 36.22 | 4.14 | 44.48 | 99.78 | -34.31 | -66.74 | 0.22 | 100.43 | 100.11 | 22.09 | 24.1 | -21.97 |
| 20Q4 (5) | 0.56 | -15.15 | 133.33 | 18.08 | -16.95 | -4.94 | 6.40 | -30.89 | 31.15 | 4.22 | -42.82 | 7.93 | 4.19 | -20.79 | 43.0 | 1.23 | -24.54 | 66.22 | 0.92 | -24.59 | 61.4 | 0.22 | -4.35 | 15.79 | 8.12 | -26.52 | -2.4 | 34.78 | 2.02 | 28.39 | 151.89 | 21.3 | 21.36 | -51.89 | -105.74 | -111.66 | 17.80 | -18.35 | 0 |
| 20Q3 (4) | 0.66 | 11.86 | 0.0 | 21.77 | 12.33 | 0.0 | 9.26 | 29.69 | 0.0 | 7.38 | -10.55 | 0.0 | 5.29 | -14.12 | 0.0 | 1.63 | 3.16 | 0.0 | 1.22 | 0.0 | 0.0 | 0.23 | 15.0 | 0.0 | 11.05 | -10.67 | 0.0 | 34.09 | 0.15 | 0.0 | 125.22 | 44.66 | 0.0 | -25.22 | -287.7 | 0.0 | 21.80 | 0 | 0.0 |
| 20Q2 (3) | 0.59 | 243.9 | 0.0 | 19.38 | 43.98 | 0.0 | 7.14 | 341.22 | 0.0 | 8.25 | 933.33 | 0.0 | 6.16 | 417.53 | 0.0 | 1.58 | 538.89 | 0.0 | 1.22 | 520.69 | 0.0 | 0.20 | 33.33 | 0.0 | 12.37 | 163.75 | 0.0 | 34.04 | 35.78 | 0.0 | 86.56 | -71.15 | 0.0 | 13.44 | 106.72 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.41 | -270.83 | 0.0 | 13.46 | -29.23 | 0.0 | -2.96 | -160.66 | 0.0 | -0.99 | -125.32 | 0.0 | -1.94 | -166.21 | 0.0 | -0.36 | -148.65 | 0.0 | -0.29 | -150.88 | 0.0 | 0.15 | -21.05 | 0.0 | 4.69 | -43.63 | 0.0 | 25.07 | -7.46 | 0.0 | 300.00 | 139.69 | 0.0 | -200.00 | -715.79 | 0.0 | 28.31 | 0 | 0.0 |
| 19Q4 (1) | 0.24 | 0.0 | 0.0 | 19.02 | 0.0 | 0.0 | 4.88 | 0.0 | 0.0 | 3.91 | 0.0 | 0.0 | 2.93 | 0.0 | 0.0 | 0.74 | 0.0 | 0.0 | 0.57 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 8.32 | 0.0 | 0.0 | 27.09 | 0.0 | 0.0 | 125.16 | 0.0 | 0.0 | -24.52 | 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) | 2.78 | -15.5 | 17.86 | -9.39 | 5.12 | -26.86 | 3.09 | 10.82 | 7.40 | -17.78 | 6.10 | -13.48 | 7.37 | -16.25 | 5.26 | -15.97 | 0.86 | -3.37 | 10.68 | -10.48 | 41.24 | 5.88 | 69.24 | -11.01 | 30.76 | 38.25 | 0.38 | 4.11 | 24.70 | 6.28 |
| 2022 (9) | 3.29 | -38.39 | 19.71 | -4.64 | 7.00 | -28.21 | 2.79 | 4.84 | 9.00 | -9.55 | 7.05 | -21.05 | 8.80 | -27.57 | 6.26 | -28.54 | 0.89 | -9.18 | 11.93 | -5.99 | 38.95 | -8.05 | 77.81 | -20.59 | 22.25 | 1005.52 | 0.36 | 10.78 | 23.24 | 6.9 |
| 2021 (8) | 5.34 | 278.72 | 20.67 | 11.07 | 9.75 | 71.96 | 2.66 | -36.09 | 9.95 | 92.83 | 8.93 | 131.35 | 12.15 | 205.28 | 8.76 | 187.21 | 0.98 | 24.05 | 12.69 | 35.43 | 42.36 | 21.79 | 97.99 | -10.89 | 2.01 | 0 | 0.33 | 83.2 | 21.74 | 0.32 |
| 2020 (7) | 1.41 | -58.65 | 18.61 | -5.53 | 5.67 | -25.59 | 4.16 | 4.16 | 5.16 | -43.42 | 3.86 | -48.12 | 3.98 | -53.56 | 3.05 | -53.93 | 0.79 | -11.24 | 9.37 | -28.8 | 34.78 | 28.39 | 109.96 | 31.62 | -9.96 | 0 | 0.18 | 17.79 | 21.67 | 8.35 |
| 2019 (6) | 3.41 | -12.34 | 19.70 | -1.05 | 7.62 | -8.85 | 4.00 | -8.57 | 9.12 | -6.84 | 7.44 | -4.86 | 8.57 | -10.82 | 6.62 | -8.56 | 0.89 | -3.26 | 13.16 | -7.26 | 27.09 | -15.5 | 83.55 | -2.22 | 16.39 | 12.59 | 0.15 | 5.98 | 20.00 | 1.88 |
| 2018 (5) | 3.89 | 76.02 | 19.91 | 8.56 | 8.36 | 25.71 | 4.37 | -7.72 | 9.79 | 62.62 | 7.82 | 56.71 | 9.61 | 58.06 | 7.24 | 59.82 | 0.92 | 1.1 | 14.19 | 31.51 | 32.06 | -4.67 | 85.44 | -22.73 | 14.56 | 0 | 0.14 | 0 | 19.63 | 2.08 |
| 2017 (4) | 2.21 | 84.17 | 18.34 | 0.82 | 6.65 | 13.29 | 4.74 | -19.4 | 6.02 | -5.49 | 4.99 | -4.59 | 6.08 | 1.16 | 4.53 | 0.0 | 0.91 | 7.06 | 10.79 | -13.05 | 33.63 | -3.61 | 110.58 | 20.03 | -10.58 | 0 | 0.00 | 0 | 19.23 | -0.62 |
| 2016 (3) | 1.20 | 224.32 | 18.19 | 27.11 | 5.87 | 196.46 | 5.88 | -12.84 | 6.37 | 192.2 | 5.23 | 263.19 | 6.01 | 264.24 | 4.53 | 235.56 | 0.85 | 3.66 | 12.41 | 34.6 | 34.89 | -2.1 | 92.13 | 1.29 | 7.87 | -12.95 | 0.00 | 0 | 19.35 | -2.37 |
| 2015 (2) | 0.37 | 0 | 14.31 | 12.94 | 1.98 | 0 | 6.74 | -15.03 | 2.18 | 0 | 1.44 | 0 | 1.65 | 0 | 1.35 | 0 | 0.82 | 13.89 | 9.22 | 18.81 | 35.64 | -16.71 | 90.95 | -30.18 | 9.05 | 0 | 0.00 | 0 | 19.82 | 3.34 |
| 2014 (1) | -1.19 | 0 | 12.67 | 0 | -0.80 | 0 | 7.93 | 3.53 | -0.62 | 0 | -1.21 | 0 | -1.33 | 0 | -0.64 | 0 | 0.72 | -4.0 | 7.76 | 86.09 | 42.79 | -30.86 | 130.28 | 447.16 | -30.28 | 0 | 0.00 | 0 | 19.18 | -10.54 |
