- 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) | 0.12 | -42.86 | -69.23 | 59.36 | -9.29 | -21.53 | 29.27 | -15.23 | -44.92 | 34.15 | -38.22 | -63.21 | 20.76 | -48.97 | -64.82 | 0.48 | -44.83 | -72.09 | 0.44 | -44.3 | -71.05 | 0.02 | 0.0 | -33.33 | 42.86 | -34.68 | -57.14 | 6.80 | -43.71 | -23.94 | 83.33 | 36.36 | 47.73 | 16.67 | -57.14 | -61.76 | 19.32 | -12.58 | 43.43 |
| 24Q2 (19) | 0.21 | 31.25 | -16.0 | 65.44 | 7.17 | -10.53 | 34.53 | 9.76 | -26.7 | 55.28 | -10.32 | -24.24 | 40.68 | 27.84 | -5.59 | 0.87 | 27.94 | -20.18 | 0.79 | 25.4 | -18.56 | 0.02 | 0.0 | 0.0 | 65.62 | -8.71 | -16.28 | 12.08 | 37.9 | -30.93 | 61.11 | 22.22 | -2.94 | 38.89 | -22.22 | 5.0 | 22.10 | -0.27 | 21.36 |
| 24Q1 (18) | 0.16 | -38.46 | 33.33 | 61.06 | -4.49 | -12.77 | 31.46 | -21.88 | -30.66 | 61.64 | 73.58 | 24.78 | 31.82 | -16.35 | 61.36 | 0.68 | -37.04 | 38.78 | 0.63 | -37.0 | 36.96 | 0.02 | -33.33 | 0.0 | 71.88 | 67.71 | 26.64 | 8.76 | 13.77 | 6.96 | 50.00 | -55.88 | -47.06 | 50.00 | 475.0 | 350.0 | 22.16 | 76.29 | 21.62 |
| 23Q4 (17) | 0.26 | -33.33 | 62.5 | 63.93 | -15.49 | -9.33 | 40.27 | -24.22 | -17.09 | 35.51 | -61.74 | -17.78 | 38.04 | -35.54 | 52.65 | 1.08 | -37.21 | 61.19 | 1.00 | -34.21 | 58.73 | 0.03 | 0.0 | 0.0 | 42.86 | -57.14 | -9.77 | 7.70 | -13.87 | 1.32 | 113.33 | 100.91 | 1.4 | -13.33 | -130.59 | -13.33 | 12.57 | -6.68 | -15.12 |
| 23Q3 (16) | 0.39 | 56.0 | -49.35 | 75.65 | 3.43 | 8.6 | 53.14 | 12.8 | 17.26 | 92.82 | 27.2 | -35.45 | 59.01 | 36.95 | -49.26 | 1.72 | 57.8 | -47.24 | 1.52 | 56.7 | -47.59 | 0.03 | 50.0 | 50.0 | 100.00 | 27.58 | -32.26 | 8.94 | -48.89 | 12.17 | 56.41 | -10.41 | 78.14 | 43.59 | 17.69 | -36.21 | 13.47 | -26.03 | -23.86 |
| 23Q2 (15) | 0.25 | 108.33 | -21.88 | 73.14 | 4.49 | 0.08 | 47.11 | 3.84 | -3.32 | 72.97 | 47.71 | -14.86 | 43.09 | 118.51 | -21.28 | 1.09 | 122.45 | -13.49 | 0.97 | 110.87 | -13.39 | 0.02 | 0.0 | 0.0 | 78.38 | 38.09 | -14.7 | 17.49 | 113.55 | 2.46 | 62.96 | -33.33 | 8.44 | 37.04 | 233.33 | -17.99 | 18.21 | -0.05 | 9.17 |
| 23Q1 (14) | 0.12 | -25.0 | -65.71 | 70.00 | -0.72 | -0.75 | 45.37 | -6.59 | 1.79 | 49.40 | 14.38 | -36.63 | 19.72 | -20.87 | -66.82 | 0.49 | -26.87 | -63.43 | 0.46 | -26.98 | -62.9 | 0.02 | -33.33 | 0.0 | 56.76 | 19.49 | -32.6 | 8.19 | 7.76 | 6.64 | 94.44 | -15.5 | 61.11 | 11.11 | 194.44 | -75.21 | 18.22 | 23.02 | -11.55 |
| 22Q4 (13) | 0.16 | -79.22 | -15.79 | 70.51 | 1.22 | 2.38 | 48.57 | 7.17 | 4.59 | 43.19 | -69.96 | -22.07 | 24.92 | -78.57 | -12.65 | 0.67 | -79.45 | -8.22 | 0.63 | -78.28 | -7.35 | 0.03 | 50.0 | 50.0 | 47.50 | -67.82 | -20.19 | 7.60 | -4.64 | 0.26 | 111.76 | 252.94 | 35.29 | -11.76 | -117.22 | -167.65 | 14.81 | -16.28 | -7.78 |
| 22Q3 (12) | 0.77 | 140.62 | 60.42 | 69.66 | -4.68 | 12.07 | 45.32 | -7.0 | 12.09 | 143.79 | 67.76 | 50.68 | 116.29 | 112.44 | 66.18 | 3.26 | 158.73 | 89.53 | 2.90 | 158.93 | 80.12 | 0.02 | 0.0 | 0.0 | 147.62 | 60.65 | 37.99 | 7.97 | -53.31 | 6.84 | 31.67 | -45.46 | -23.63 | 68.33 | 51.31 | 16.74 | 17.69 | 6.06 | 15.77 |
| 22Q2 (11) | 0.32 | -8.57 | -51.52 | 73.08 | 3.62 | 10.79 | 48.73 | 9.33 | 36.38 | 85.71 | 9.96 | -25.3 | 54.74 | -7.91 | -43.54 | 1.26 | -5.97 | -43.5 | 1.12 | -9.68 | -46.41 | 0.02 | 0.0 | 0.0 | 91.89 | 9.12 | -28.16 | 17.07 | 122.27 | 157.08 | 58.06 | -0.95 | 89.68 | 45.16 | 0.74 | -34.91 | 16.68 | -19.03 | 4.25 |
| 22Q1 (10) | 0.35 | 84.21 | -45.31 | 70.53 | 2.41 | 14.46 | 44.57 | -4.03 | 23.77 | 77.95 | 40.65 | -38.23 | 59.44 | 108.34 | -35.65 | 1.34 | 83.56 | -40.97 | 1.24 | 82.35 | -41.51 | 0.02 | 0.0 | 0.0 | 84.21 | 41.48 | -39.65 | 7.68 | 1.32 | 5.06 | 58.62 | -29.04 | 101.51 | 44.83 | 157.76 | -36.78 | 20.60 | 28.27 | 5.59 |
| 21Q4 (9) | 0.19 | -60.42 | -68.85 | 68.87 | 10.79 | 34.85 | 46.44 | 14.87 | 53.07 | 55.42 | -41.93 | -50.19 | 28.53 | -59.23 | -66.92 | 0.73 | -57.56 | -69.2 | 0.68 | -57.76 | -69.23 | 0.02 | 0.0 | -33.33 | 59.52 | -44.36 | -51.3 | 7.58 | 1.61 | 2.85 | 82.61 | 99.23 | 195.03 | 17.39 | -70.29 | -75.85 | 16.06 | 5.1 | 3.01 |
| 21Q3 (8) | 0.48 | -27.27 | -80.8 | 62.16 | -5.76 | 6.53 | 40.43 | 13.15 | 36.54 | 95.43 | -16.83 | -77.09 | 69.98 | -27.83 | -81.73 | 1.72 | -22.87 | -83.83 | 1.61 | -22.97 | -83.03 | 0.02 | 0.0 | 0.0 | 106.98 | -16.36 | -75.22 | 7.46 | 12.35 | 0.67 | 41.46 | 35.45 | 490.85 | 58.54 | -15.64 | -37.05 | 15.28 | -4.5 | -35.96 |
| 21Q2 (7) | 0.66 | 3.13 | -72.95 | 65.96 | 7.04 | 13.94 | 35.73 | -0.78 | 66.42 | 114.74 | -9.08 | -76.03 | 96.96 | 4.97 | -78.86 | 2.23 | -1.76 | -80.57 | 2.09 | -1.42 | -79.16 | 0.02 | 0.0 | 0.0 | 127.91 | -8.33 | -73.8 | 6.64 | -9.17 | -62.36 | 30.61 | 5.23 | 604.08 | 69.39 | -2.15 | -27.46 | 16.00 | -17.99 | -45.0 |
| 21Q1 (6) | 0.64 | 4.92 | -17.95 | 61.62 | 20.66 | 11.87 | 36.01 | 18.69 | 102.3 | 126.20 | 13.43 | -16.37 | 92.37 | 7.11 | -33.27 | 2.27 | -4.22 | -39.47 | 2.12 | -4.07 | -37.28 | 0.02 | -33.33 | 0.0 | 139.53 | 14.16 | -17.23 | 7.31 | -0.81 | -34.79 | 29.09 | 3.9 | 156.97 | 70.91 | -1.52 | -20.04 | 19.51 | 25.14 | -24.93 |
| 20Q4 (5) | 0.61 | -75.6 | 96.77 | 51.07 | -12.48 | -17.84 | 30.34 | 2.47 | -31.22 | 111.26 | -73.29 | 127.39 | 86.24 | -77.49 | 131.33 | 2.37 | -77.73 | 58.0 | 2.21 | -76.71 | 63.7 | 0.03 | 50.0 | -25.0 | 122.22 | -71.69 | 102.42 | 7.37 | -0.54 | -36.79 | 28.00 | 299.0 | -68.35 | 72.00 | -22.57 | 524.0 | 15.59 | -34.66 | 21.13 |
| 20Q3 (4) | 2.50 | 2.46 | 0.0 | 58.35 | 0.79 | 0.0 | 29.61 | 37.91 | 0.0 | 416.50 | -12.99 | 0.0 | 383.08 | -16.46 | 0.0 | 10.64 | -7.32 | 0.0 | 9.49 | -5.38 | 0.0 | 0.02 | 0.0 | 0.0 | 431.71 | -11.58 | 0.0 | 7.41 | -57.99 | 0.0 | 7.02 | 61.4 | 0.0 | 92.98 | -2.79 | 0.0 | 23.86 | -17.98 | 0.0 |
| 20Q2 (3) | 2.44 | 212.82 | 0.0 | 57.89 | 5.1 | 0.0 | 21.47 | 20.62 | 0.0 | 478.68 | 217.2 | 0.0 | 458.55 | 231.25 | 0.0 | 11.48 | 206.13 | 0.0 | 10.03 | 196.75 | 0.0 | 0.02 | 0.0 | 0.0 | 488.24 | 189.64 | 0.0 | 17.64 | 57.36 | 0.0 | 4.35 | -61.59 | 0.0 | 95.65 | 7.86 | 0.0 | 29.09 | 11.93 | 0.0 |
| 20Q1 (2) | 0.78 | 151.61 | 0.0 | 55.08 | -11.39 | 0.0 | 17.80 | -59.65 | 0.0 | 150.91 | 208.42 | 0.0 | 138.43 | 271.33 | 0.0 | 3.75 | 150.0 | 0.0 | 3.38 | 150.37 | 0.0 | 0.02 | -50.0 | 0.0 | 168.57 | 179.18 | 0.0 | 11.21 | -3.86 | 0.0 | 11.32 | -87.2 | 0.0 | 88.68 | 668.55 | 0.0 | 25.99 | 101.94 | 0.0 |
| 19Q4 (1) | 0.31 | 0.0 | 0.0 | 62.16 | 0.0 | 0.0 | 44.11 | 0.0 | 0.0 | 48.93 | 0.0 | 0.0 | 37.28 | 0.0 | 0.0 | 1.50 | 0.0 | 0.0 | 1.35 | 0.0 | 0.0 | 0.04 | 0.0 | 0.0 | 60.38 | 0.0 | 0.0 | 11.66 | 0.0 | 0.0 | 88.46 | 0.0 | 0.0 | 11.54 | 0.0 | 0.0 | 12.87 | 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) | 1.02 | -36.25 | 70.62 | -0.38 | 46.48 | -0.62 | 6.29 | 9.01 | 62.71 | -29.17 | 40.47 | -37.5 | 4.31 | -33.28 | 4.00 | -33.33 | 0.10 | 11.11 | 69.18 | -26.58 | 7.70 | 1.32 | 74.75 | 41.3 | 26.26 | -44.24 | 0.00 | 0 | 15.45 | -11.31 |
| 2022 (9) | 1.60 | -18.78 | 70.89 | 9.7 | 46.77 | 18.11 | 5.77 | -44.87 | 88.54 | -9.93 | 64.75 | -10.44 | 6.46 | -13.29 | 6.00 | -13.42 | 0.09 | -10.0 | 94.23 | -12.86 | 7.60 | 0.26 | 52.90 | 31.47 | 47.10 | -21.19 | 0.00 | 0 | 17.42 | 4.19 |
| 2021 (8) | 1.97 | -68.93 | 64.62 | 16.64 | 39.60 | 56.15 | 10.47 | -22.76 | 98.30 | -65.04 | 72.30 | -71.96 | 7.45 | -72.15 | 6.93 | -71.73 | 0.10 | 11.11 | 108.14 | -63.32 | 7.58 | 2.85 | 40.24 | 348.79 | 59.76 | -34.35 | 0.00 | 0 | 16.72 | -27.59 |
| 2020 (7) | 6.34 | 366.18 | 55.40 | -9.51 | 25.36 | -39.07 | 13.55 | 23.78 | 281.15 | 397.61 | 257.82 | 504.36 | 26.75 | 318.62 | 24.51 | 324.78 | 0.09 | -30.77 | 294.84 | 332.57 | 7.37 | -36.79 | 8.97 | -87.83 | 91.03 | 245.93 | 0.00 | 0 | 23.09 | 74.0 |
| 2019 (6) | 1.36 | 3.82 | 61.22 | 1.93 | 41.62 | 7.63 | 10.95 | 73.3 | 56.50 | -9.76 | 42.66 | -1.93 | 6.39 | 28.31 | 5.77 | 25.71 | 0.13 | 18.18 | 68.16 | -1.15 | 11.66 | -1.69 | 73.68 | 20.12 | 26.32 | -30.41 | 0.00 | 0 | 13.27 | -5.01 |
| 2018 (5) | 1.31 | -88.16 | 60.06 | -4.91 | 38.67 | 35.97 | 6.32 | -1.05 | 62.61 | -84.92 | 43.50 | -88.24 | 4.98 | -87.7 | 4.59 | -87.81 | 0.11 | 10.0 | 68.95 | -83.67 | 11.86 | 76.75 | 61.34 | 789.5 | 37.82 | -59.38 | 0.00 | 0 | 13.97 | -44.52 |
| 2017 (4) | 11.06 | 353.28 | 63.16 | 1.97 | 28.44 | -9.48 | 6.38 | -17.4 | 415.31 | 402.43 | 369.83 | 428.63 | 40.50 | 312.84 | 37.64 | 318.22 | 0.10 | -23.08 | 422.34 | 366.93 | 6.71 | -23.49 | 6.90 | -81.81 | 93.10 | 49.95 | 0.00 | 0 | 25.18 | 36.77 |
| 2016 (3) | 2.44 | 10.91 | 61.94 | -0.88 | 31.42 | 57.65 | 7.73 | -10.93 | 82.66 | -16.25 | 69.96 | 12.13 | 9.81 | 19.78 | 9.00 | 28.02 | 0.13 | 18.18 | 90.45 | -15.71 | 8.77 | -8.26 | 37.91 | 86.11 | 62.09 | -22.03 | 0.00 | 0 | 18.41 | -43.2 |
| 2015 (2) | 2.20 | -65.73 | 62.49 | 8.34 | 19.93 | 40.75 | 8.68 | -0.02 | 98.70 | -61.06 | 62.39 | -73.27 | 8.19 | -77.01 | 7.03 | -76.61 | 0.11 | -15.38 | 107.31 | -59.1 | 9.56 | -58.4 | 20.37 | 266.67 | 79.63 | -15.69 | 0.00 | 0 | 32.41 | 5.92 |
| 2014 (1) | 6.42 | 1906.25 | 57.68 | 0 | 14.16 | 0 | 8.68 | -22.28 | 253.45 | 0 | 233.45 | 0 | 35.63 | 0 | 30.05 | 0 | 0.13 | 8.33 | 262.40 | 718.98 | 22.98 | 67.37 | 5.56 | -83.33 | 94.44 | 41.67 | 0.00 | 0 | 30.60 | -11.87 |
