- 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) | 0.45 | 36.36 | 73.08 | 27.76 | -7.06 | -3.48 | 5.66 | -56.02 | -0.53 | 30.00 | 48.74 | 29.98 | 27.14 | 67.22 | 54.64 | 2.51 | 32.11 | 69.59 | 2.13 | 35.67 | 70.4 | 0.08 | -20.0 | 14.29 | 35.69 | 44.79 | 20.86 | 16.02 | -25.14 | -10.25 | 18.82 | -70.3 | -20.67 | 81.18 | 121.67 | 8.85 | 27.73 | 24.63 | -4.68 |
| 24Q2 (19) | 0.33 | 73.68 | 135.71 | 29.87 | 1.84 | 31.59 | 12.87 | 35.9 | 469.47 | 20.17 | 63.32 | 89.39 | 16.23 | 40.52 | 108.61 | 1.90 | 84.47 | 156.76 | 1.57 | 80.46 | 153.23 | 0.10 | 42.86 | 25.0 | 24.65 | 37.63 | 48.94 | 21.40 | -5.48 | -8.66 | 63.38 | -16.34 | 216.9 | 36.62 | 51.06 | -52.24 | 22.25 | -14.69 | -14.52 |
| 24Q1 (18) | 0.19 | -54.76 | -17.39 | 29.33 | 1.35 | 5.2 | 9.47 | 47.05 | 2.16 | 12.35 | -58.63 | -23.72 | 11.55 | -56.2 | -3.02 | 1.03 | -57.08 | -21.37 | 0.87 | -57.77 | -19.44 | 0.07 | -12.5 | -22.22 | 17.91 | -49.52 | -16.7 | 22.64 | 31.02 | -14.27 | 75.76 | 249.33 | 31.31 | 24.24 | -69.04 | -42.7 | 26.08 | -4.19 | 8.53 |
| 23Q4 (17) | 0.42 | 61.54 | 35.48 | 28.94 | 0.63 | 17.4 | 6.44 | 13.18 | -3.74 | 29.85 | 29.33 | 39.16 | 26.37 | 50.26 | 64.81 | 2.40 | 62.16 | 34.83 | 2.06 | 64.8 | 36.42 | 0.08 | 14.29 | -11.11 | 35.48 | 20.15 | 33.53 | 17.28 | -3.19 | -11.52 | 21.69 | -8.61 | -29.03 | 78.31 | 5.01 | 15.07 | 27.22 | -6.43 | -8.63 |
| 23Q3 (16) | 0.26 | 85.71 | 30.0 | 28.76 | 26.7 | 17.72 | 5.69 | 151.77 | -35.71 | 23.08 | 116.71 | 161.98 | 17.55 | 125.58 | 114.81 | 1.48 | 100.0 | 39.62 | 1.25 | 101.61 | 40.45 | 0.07 | -12.5 | -36.36 | 29.53 | 78.43 | 120.87 | 17.85 | -23.82 | -9.16 | 23.73 | 18.64 | -76.27 | 74.58 | -2.73 | 0 | 29.09 | 11.76 | 68.34 |
| 23Q2 (15) | 0.14 | -39.13 | -76.67 | 22.70 | -18.58 | 2.11 | 2.26 | -75.62 | -67.53 | 10.65 | -34.22 | -52.37 | 7.78 | -34.68 | -65.31 | 0.74 | -43.51 | -78.92 | 0.62 | -42.59 | -77.94 | 0.08 | -11.11 | -33.33 | 16.55 | -23.02 | -35.75 | 23.43 | -11.28 | -6.28 | 20.00 | -65.33 | -36.25 | 76.67 | 81.21 | 10.14 | 26.03 | 8.32 | 29.57 |
| 23Q1 (14) | 0.23 | -25.81 | 360.0 | 27.88 | 13.1 | 6.09 | 9.27 | 38.57 | 4.98 | 16.19 | -24.52 | 1552.04 | 11.91 | -25.56 | 424.67 | 1.31 | -26.4 | 424.0 | 1.08 | -28.48 | 369.57 | 0.09 | 0.0 | 0.0 | 21.50 | -19.08 | 235.94 | 26.41 | 35.23 | -1.82 | 57.69 | 88.81 | -94.03 | 42.31 | -37.83 | 104.88 | 24.03 | -19.34 | -1.31 |
| 22Q4 (13) | 0.31 | 55.0 | 47.62 | 24.65 | 0.9 | -2.88 | 6.69 | -24.41 | -11.86 | 21.45 | 143.47 | 96.25 | 16.00 | 95.84 | 68.42 | 1.78 | 67.92 | 45.9 | 1.51 | 69.66 | 48.04 | 0.09 | -18.18 | -18.18 | 26.57 | 98.73 | 66.06 | 19.53 | -0.61 | -7.04 | 30.56 | -69.44 | -55.26 | 68.06 | 0 | 114.64 | 29.79 | 72.4 | -1.65 |
| 22Q3 (12) | 0.20 | -66.67 | -25.93 | 24.43 | 9.9 | -16.76 | 8.85 | 27.16 | -26.43 | 8.81 | -60.6 | -43.38 | 8.17 | -63.58 | -35.82 | 1.06 | -69.8 | -38.37 | 0.89 | -68.33 | -35.97 | 0.11 | -8.33 | 0.0 | 13.37 | -48.1 | -34.72 | 19.65 | -21.4 | -13.89 | 100.00 | 218.75 | 28.89 | 0.00 | -100.0 | -100.0 | 17.28 | -13.99 | -30.29 |
| 22Q2 (11) | 0.60 | 1100.0 | -13.04 | 22.23 | -15.41 | -21.92 | 6.96 | -21.18 | -37.18 | 22.36 | 2181.63 | -32.18 | 22.43 | 888.11 | -16.9 | 3.51 | 1304.0 | -18.56 | 2.81 | 1121.74 | -18.08 | 0.12 | 33.33 | -7.69 | 25.76 | 302.5 | -30.53 | 25.00 | -7.06 | -14.38 | 31.37 | -96.75 | -5.88 | 69.61 | 108.03 | 5.49 | 20.09 | -17.49 | -12.99 |
| 22Q1 (10) | 0.05 | -76.19 | -82.14 | 26.28 | 3.55 | -17.69 | 8.83 | 16.34 | -16.46 | 0.98 | -91.03 | -94.32 | 2.27 | -76.11 | -84.48 | 0.25 | -79.51 | -85.63 | 0.23 | -77.45 | -83.92 | 0.09 | -18.18 | -10.0 | 6.40 | -60.0 | -73.12 | 26.90 | 28.03 | 12.88 | 966.67 | 1315.48 | 1457.41 | -866.67 | -2833.33 | -2384.85 | 24.35 | -19.61 | -10.15 |
| 21Q4 (9) | 0.21 | -22.22 | -8.7 | 25.38 | -13.53 | -16.18 | 7.59 | -36.91 | -34.17 | 10.93 | -29.76 | -29.76 | 9.50 | -25.37 | -18.45 | 1.22 | -29.07 | -24.22 | 1.02 | -26.62 | -23.88 | 0.11 | 0.0 | 0.0 | 16.00 | -21.88 | -29.67 | 21.01 | -7.93 | -10.33 | 68.29 | -11.98 | -8.43 | 31.71 | 41.46 | 24.72 | 30.29 | 22.19 | 28.13 |
| 21Q3 (8) | 0.27 | -60.87 | 22.73 | 29.35 | 3.09 | -4.83 | 12.03 | 8.57 | -3.84 | 15.56 | -52.81 | 10.98 | 12.73 | -52.83 | 21.12 | 1.72 | -60.09 | 13.91 | 1.39 | -59.48 | 11.2 | 0.11 | -15.38 | -8.33 | 20.48 | -44.77 | -3.21 | 22.82 | -21.85 | 11.43 | 77.59 | 132.76 | -12.51 | 22.41 | -66.03 | 97.99 | 24.79 | 7.36 | 18.27 |
| 21Q2 (7) | 0.69 | 146.43 | 155.56 | 28.47 | -10.84 | 7.96 | 11.08 | 4.82 | 61.75 | 32.97 | 91.24 | 80.66 | 26.99 | 84.48 | 106.19 | 4.31 | 147.7 | 149.13 | 3.43 | 139.86 | 136.55 | 0.13 | 30.0 | 18.18 | 37.08 | 55.73 | 38.15 | 29.20 | 22.53 | 22.12 | 33.33 | -46.3 | -9.72 | 65.99 | 73.96 | 7.23 | 23.09 | -14.8 | 6.9 |
| 21Q1 (6) | 0.28 | 21.74 | 1300.0 | 31.93 | 5.45 | 59.49 | 10.57 | -8.33 | 487.18 | 17.24 | 10.8 | 683.64 | 14.63 | 25.58 | 1150.43 | 1.74 | 8.07 | 1481.82 | 1.43 | 6.72 | 1200.0 | 0.10 | -9.09 | 25.0 | 23.81 | 4.66 | 92.64 | 23.83 | 1.71 | 25.09 | 62.07 | -16.77 | 153.2 | 37.93 | 49.2 | -82.49 | 27.10 | 14.64 | 0.74 |
| 20Q4 (5) | 0.23 | 4.55 | -17.86 | 30.28 | -1.82 | 29.85 | 11.53 | -7.83 | 50.92 | 15.56 | 10.98 | 17.97 | 11.65 | 10.85 | -3.16 | 1.61 | 6.62 | -12.02 | 1.34 | 7.2 | -10.67 | 0.11 | -8.33 | -8.33 | 22.75 | 7.51 | 17.51 | 23.43 | 14.4 | -2.86 | 74.58 | -15.9 | 27.22 | 25.42 | 124.58 | -38.56 | 23.64 | 12.79 | 0 |
| 20Q3 (4) | 0.22 | -18.52 | 0.0 | 30.84 | 16.95 | 0.0 | 12.51 | 82.63 | 0.0 | 14.02 | -23.18 | 0.0 | 10.51 | -19.71 | 0.0 | 1.51 | -12.72 | 0.0 | 1.25 | -13.79 | 0.0 | 0.12 | 9.09 | 0.0 | 21.16 | -21.16 | 0.0 | 20.48 | -14.35 | 0.0 | 88.68 | 140.17 | 0.0 | 11.32 | -81.6 | 0.0 | 20.96 | -2.96 | 0.0 |
| 20Q2 (3) | 0.27 | 1250.0 | 0.0 | 26.37 | 31.72 | 0.0 | 6.85 | 350.92 | 0.0 | 18.25 | 729.55 | 0.0 | 13.09 | 1018.8 | 0.0 | 1.73 | 1472.73 | 0.0 | 1.45 | 1218.18 | 0.0 | 0.11 | 37.5 | 0.0 | 26.84 | 117.15 | 0.0 | 23.91 | 25.51 | 0.0 | 36.92 | 131.65 | 0.0 | 61.54 | -71.6 | 0.0 | 21.60 | -19.7 | 0.0 |
| 20Q1 (2) | 0.02 | -92.86 | 0.0 | 20.02 | -14.15 | 0.0 | -2.73 | -135.73 | 0.0 | 2.20 | -83.32 | 0.0 | 1.17 | -90.27 | 0.0 | 0.11 | -93.99 | 0.0 | 0.11 | -92.67 | 0.0 | 0.08 | -33.33 | 0.0 | 12.36 | -36.16 | 0.0 | 19.05 | -21.02 | 0.0 | -116.67 | -299.02 | 0.0 | 216.67 | 423.61 | 0.0 | 26.90 | 0 | 0.0 |
| 19Q4 (1) | 0.28 | 0.0 | 0.0 | 23.32 | 0.0 | 0.0 | 7.64 | 0.0 | 0.0 | 13.19 | 0.0 | 0.0 | 12.03 | 0.0 | 0.0 | 1.83 | 0.0 | 0.0 | 1.50 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 19.36 | 0.0 | 0.0 | 24.12 | 0.0 | 0.0 | 58.62 | 0.0 | 0.0 | 41.38 | 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) | 1.05 | -9.48 | 27.06 | 11.77 | 6.05 | -22.34 | 5.47 | 27.04 | 19.74 | 40.8 | 15.72 | 21.39 | 5.91 | -9.08 | 5.08 | -7.64 | 0.32 | -23.81 | 25.51 | 37.0 | 17.28 | -11.52 | 30.36 | -45.46 | 69.20 | 56.06 | 0.00 | 0 | 26.44 | 17.83 |
| 2022 (9) | 1.16 | -20.0 | 24.21 | -15.62 | 7.79 | -24.73 | 4.31 | -10.82 | 14.02 | -29.41 | 12.95 | -21.52 | 6.50 | -24.86 | 5.50 | -23.29 | 0.42 | -2.33 | 18.62 | -25.31 | 19.53 | -7.04 | 55.66 | 6.42 | 44.34 | -7.68 | 0.00 | 0 | 22.44 | -14.19 |
| 2021 (8) | 1.45 | 95.95 | 28.69 | 4.56 | 10.35 | 32.18 | 4.83 | -38.46 | 19.86 | 50.0 | 16.50 | 70.45 | 8.65 | 84.04 | 7.17 | 85.27 | 0.43 | 10.26 | 24.93 | 16.66 | 21.01 | -10.33 | 52.30 | -11.86 | 48.03 | 18.12 | 0.00 | 0 | 26.15 | 13.65 |
| 2020 (7) | 0.74 | -42.19 | 27.44 | 14.0 | 7.83 | -1.14 | 7.85 | 15.38 | 13.24 | -10.05 | 9.68 | -27.0 | 4.70 | -43.44 | 3.87 | -43.99 | 0.39 | -23.53 | 21.37 | -2.11 | 23.43 | -2.86 | 59.34 | 10.2 | 40.66 | -11.9 | 0.00 | 0 | 23.01 | 0.83 |
| 2019 (6) | 1.28 | 120.69 | 24.07 | 14.46 | 7.92 | 438.78 | 6.80 | 19.48 | 14.72 | 118.4 | 13.26 | 152.09 | 8.31 | 169.81 | 6.91 | 168.87 | 0.51 | 6.25 | 21.83 | 72.43 | 24.12 | 17.77 | 53.85 | 149.04 | 46.15 | -41.11 | 0.00 | 0 | 22.82 | -9.41 |
| 2018 (5) | 0.58 | -48.21 | 21.03 | -11.75 | 1.47 | -76.81 | 5.69 | 0.3 | 6.74 | -34.5 | 5.26 | -43.8 | 3.08 | -51.72 | 2.57 | -50.1 | 0.48 | -11.11 | 12.66 | -22.66 | 20.48 | -9.74 | 21.62 | -64.89 | 78.38 | 103.98 | 0.00 | 0 | 25.19 | 14.81 |
| 2017 (4) | 1.12 | 24.44 | 23.83 | 22.33 | 6.34 | 53.51 | 5.68 | -13.94 | 10.29 | 16.8 | 9.36 | 32.95 | 6.38 | 21.29 | 5.15 | 24.7 | 0.54 | -6.9 | 16.37 | 4.67 | 22.69 | -19.37 | 61.58 | 32.15 | 38.42 | -28.05 | 0.00 | 0 | 21.94 | 2.24 |
| 2016 (3) | 0.90 | 0 | 19.48 | 55.34 | 4.13 | 0 | 6.60 | -35.64 | 8.81 | 0 | 7.04 | 0 | 5.26 | 0 | 4.13 | 0 | 0.58 | 7.41 | 15.64 | 90.73 | 28.14 | -8.4 | 46.60 | -79.91 | 53.40 | 0 | 0.00 | 0 | 21.46 | -18.37 |
| 2015 (2) | -0.07 | 0 | 12.54 | -16.34 | -5.32 | 0 | 10.25 | 0.48 | -2.28 | 0 | -3.52 | 0 | -2.44 | 0 | -1.82 | 0 | 0.54 | -15.62 | 8.20 | -34.29 | 30.72 | 10.82 | 231.91 | 0 | -131.91 | 0 | 0.00 | 0 | 26.29 | 9.82 |
| 2014 (1) | 0.46 | 187.5 | 14.99 | 0 | -2.97 | 0 | 10.20 | 3.96 | 2.06 | 0 | 0.65 | 0 | 0.53 | 0 | 0.53 | 0 | 0.64 | 4.92 | 12.48 | 14.92 | 27.72 | 2.51 | -146.00 | 0 | 246.00 | 30.24 | 0.00 | 0 | 23.94 | 31.25 |
