- 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) | 0.14 | -51.72 | -36.36 | 30.32 | -6.54 | 1.68 | 6.30 | -30.23 | 33.76 | 4.52 | -62.61 | -33.14 | 1.99 | -78.87 | -54.46 | 0.70 | -77.71 | -52.7 | 0.45 | -72.05 | -45.78 | 0.16 | 0.0 | 0.0 | 10.30 | -43.44 | -25.63 | 113.33 | -2.9 | 2.47 | 140.00 | 85.86 | 102.76 | -40.00 | -262.11 | -229.23 | 27.25 | -9.44 | -2.61 |
| 24Q2 (19) | 0.29 | 383.33 | -57.35 | 32.44 | 9.93 | 3.87 | 9.03 | 135.77 | 163.27 | 12.09 | 95.63 | -28.25 | 9.42 | 100.85 | -28.31 | 3.14 | 130.88 | -25.77 | 1.61 | 106.41 | -26.15 | 0.16 | 14.29 | 0.0 | 18.21 | 36.71 | -24.25 | 116.71 | 15.5 | -0.92 | 75.32 | 21.95 | 262.28 | 24.68 | -35.46 | -68.85 | 30.09 | -0.56 | 2.35 |
| 24Q1 (18) | 0.06 | -62.5 | -60.0 | 29.51 | -4.03 | 1.72 | 3.83 | 15.02 | 40.29 | 6.18 | 12.98 | 79.13 | 4.69 | 55.81 | 193.12 | 1.36 | 49.45 | 172.0 | 0.78 | 47.17 | 122.86 | 0.14 | 0.0 | -12.5 | 13.32 | 6.9 | 29.57 | 101.05 | -6.71 | 7.79 | 61.76 | 0.77 | -23.7 | 38.24 | -1.23 | 100.74 | 30.26 | -1.11 | 8.81 |
| 23Q4 (17) | 0.16 | -27.27 | -51.52 | 30.75 | 3.12 | 8.81 | 3.33 | -29.3 | -51.39 | 5.47 | -19.08 | -53.84 | 3.01 | -31.12 | -69.0 | 0.91 | -38.51 | -73.78 | 0.53 | -36.14 | -69.71 | 0.14 | -12.5 | -17.65 | 12.46 | -10.04 | -30.82 | 108.32 | -2.06 | 10.15 | 61.29 | -11.23 | 5.63 | 38.71 | 25.06 | -7.78 | 30.60 | 9.36 | 13.38 |
| 23Q3 (16) | 0.22 | -67.65 | -66.15 | 29.82 | -4.51 | 4.85 | 4.71 | 37.32 | -23.66 | 6.76 | -59.88 | -42.61 | 4.37 | -66.74 | -53.95 | 1.48 | -65.01 | -68.44 | 0.83 | -61.93 | -61.57 | 0.16 | 0.0 | -27.27 | 13.85 | -42.39 | -15.34 | 110.60 | -6.1 | -5.65 | 69.05 | 232.09 | 29.97 | 30.95 | -60.92 | -35.4 | 27.98 | -4.83 | 10.81 |
| 23Q2 (15) | 0.68 | 353.33 | -6.85 | 31.23 | 7.65 | 15.54 | 3.43 | 25.64 | -55.91 | 16.85 | 388.41 | 18.0 | 13.14 | 721.25 | 7.44 | 4.23 | 746.0 | -22.39 | 2.18 | 522.86 | -11.02 | 0.16 | 0.0 | -20.0 | 24.04 | 133.85 | 30.94 | 117.79 | 25.64 | -9.29 | 20.79 | -74.32 | -61.74 | 79.21 | 315.84 | 73.5 | 29.40 | 5.72 | 19.95 |
| 23Q1 (14) | 0.15 | -54.55 | -60.53 | 29.01 | 2.65 | 9.06 | 2.73 | -60.15 | -68.29 | 3.45 | -70.89 | -51.48 | 1.60 | -83.52 | -73.38 | 0.50 | -85.59 | -80.54 | 0.35 | -80.0 | -71.31 | 0.16 | -5.88 | -20.0 | 10.28 | -42.92 | -8.78 | 93.75 | -4.67 | -24.41 | 80.95 | 39.51 | -33.77 | 19.05 | -54.62 | 185.71 | 27.81 | 3.04 | 26.58 |
| 22Q4 (13) | 0.33 | -49.23 | -25.0 | 28.26 | -0.63 | 0.86 | 6.85 | 11.02 | -26.34 | 11.85 | 0.59 | 31.23 | 9.71 | 2.32 | 33.75 | 3.47 | -26.01 | 14.9 | 1.75 | -18.98 | 19.86 | 0.17 | -22.73 | -15.0 | 18.01 | 10.09 | 35.41 | 98.34 | -16.11 | -10.71 | 58.02 | 9.22 | -43.98 | 41.98 | -12.4 | 1275.31 | 26.99 | 6.89 | 6.51 |
| 22Q3 (12) | 0.65 | -10.96 | 6.56 | 28.44 | 5.22 | 1.83 | 6.17 | -20.69 | -39.39 | 11.78 | -17.51 | 6.03 | 9.49 | -22.4 | 2.26 | 4.69 | -13.94 | 10.09 | 2.16 | -11.84 | 4.85 | 0.22 | 10.0 | 0.0 | 16.36 | -10.89 | 10.09 | 117.22 | -9.73 | 2.82 | 53.12 | -2.25 | -41.64 | 47.92 | 4.96 | 433.93 | 25.25 | 3.02 | 10.26 |
| 22Q2 (11) | 0.73 | 92.11 | 65.91 | 27.03 | 1.62 | 0.37 | 7.78 | -9.64 | -7.38 | 14.28 | 100.84 | 58.84 | 12.23 | 103.49 | 67.08 | 5.45 | 112.06 | 82.89 | 2.45 | 100.82 | 63.33 | 0.20 | 0.0 | 0.0 | 18.36 | 62.91 | 44.11 | 129.85 | 4.69 | 21.32 | 54.35 | -55.53 | -41.55 | 45.65 | 305.43 | 550.54 | 24.51 | 11.56 | -3.47 |
| 22Q1 (10) | 0.38 | -13.64 | 2.7 | 26.60 | -5.07 | -6.27 | 8.61 | -7.42 | 16.98 | 7.11 | -21.26 | -18.37 | 6.01 | -17.22 | -16.87 | 2.57 | -14.9 | 0.0 | 1.22 | -16.44 | -8.27 | 0.20 | 0.0 | 11.11 | 11.27 | -15.26 | -12.23 | 124.03 | 12.62 | 23.72 | 122.22 | 18.01 | 43.61 | -22.22 | -522.22 | -249.21 | 21.97 | -13.3 | -20.11 |
| 21Q4 (9) | 0.44 | -27.87 | 57.14 | 28.02 | 0.32 | -11.91 | 9.30 | -8.64 | -4.71 | 9.03 | -18.72 | 29.56 | 7.26 | -21.77 | 28.5 | 3.02 | -29.11 | 51.76 | 1.46 | -29.13 | 40.38 | 0.20 | -9.09 | 11.11 | 13.30 | -10.5 | 16.16 | 110.13 | -3.39 | 13.19 | 103.57 | 13.78 | -26.89 | -3.57 | -139.8 | 91.43 | 25.34 | 10.66 | -5.52 |
| 21Q3 (8) | 0.61 | 38.64 | 15.09 | 27.93 | 3.71 | -14.85 | 10.18 | 21.19 | -14.31 | 11.11 | 23.58 | 1.46 | 9.28 | 26.78 | -4.72 | 4.26 | 42.95 | 5.97 | 2.06 | 37.33 | 3.52 | 0.22 | 10.0 | 10.0 | 14.86 | 16.64 | 0.27 | 114.00 | 6.51 | 14.0 | 91.03 | -2.1 | -16.78 | 8.97 | 27.88 | 195.73 | 22.90 | -9.81 | -6.19 |
| 21Q2 (7) | 0.44 | 18.92 | -45.0 | 26.93 | -5.11 | -18.52 | 8.40 | 14.13 | -33.17 | 8.99 | 3.21 | -42.26 | 7.32 | 1.24 | -47.97 | 2.98 | 15.95 | -50.58 | 1.50 | 12.78 | -52.23 | 0.20 | 11.11 | -9.09 | 12.74 | -0.78 | -33.71 | 107.03 | 6.76 | -2.22 | 92.98 | 9.25 | 14.44 | 7.02 | -52.88 | -64.54 | 25.39 | -7.67 | -0.35 |
| 21Q1 (6) | 0.37 | 32.14 | 76.19 | 28.38 | -10.78 | 12.22 | 7.36 | -24.59 | 530.41 | 8.71 | 24.96 | 32.98 | 7.23 | 27.96 | 25.52 | 2.57 | 29.15 | 71.33 | 1.33 | 27.88 | 52.87 | 0.18 | 0.0 | 28.57 | 12.84 | 12.14 | 2.47 | 100.25 | 3.03 | 25.55 | 85.11 | -39.92 | 416.11 | 14.89 | 135.74 | -87.9 | 27.50 | 2.54 | -1.96 |
| 20Q4 (5) | 0.28 | -47.17 | -15.15 | 31.81 | -3.02 | 0.82 | 9.76 | -17.85 | 5.17 | 6.97 | -36.35 | -13.84 | 5.65 | -41.99 | -18.23 | 1.99 | -50.5 | -21.65 | 1.04 | -47.74 | -25.71 | 0.18 | -10.0 | -5.26 | 11.45 | -22.74 | -14.36 | 97.30 | -2.7 | 14.54 | 141.67 | 29.52 | 24.32 | -41.67 | -344.44 | -198.61 | 26.82 | 9.87 | 10.1 |
| 20Q3 (4) | 0.53 | -33.75 | 0.0 | 32.80 | -0.76 | 0.0 | 11.88 | -5.49 | 0.0 | 10.95 | -29.67 | 0.0 | 9.74 | -30.77 | 0.0 | 4.02 | -33.33 | 0.0 | 1.99 | -36.62 | 0.0 | 0.20 | -9.09 | 0.0 | 14.82 | -22.89 | 0.0 | 100.00 | -8.64 | 0.0 | 109.38 | 34.62 | 0.0 | -9.38 | -147.37 | 0.0 | 24.41 | -4.2 | 0.0 |
| 20Q2 (3) | 0.80 | 280.95 | 0.0 | 33.05 | 30.68 | 0.0 | 12.57 | 835.09 | 0.0 | 15.57 | 137.71 | 0.0 | 14.07 | 144.27 | 0.0 | 6.03 | 302.0 | 0.0 | 3.14 | 260.92 | 0.0 | 0.22 | 57.14 | 0.0 | 19.22 | 53.39 | 0.0 | 109.46 | 37.08 | 0.0 | 81.25 | 401.79 | 0.0 | 19.79 | -83.92 | 0.0 | 25.48 | -9.16 | 0.0 |
| 20Q1 (2) | 0.21 | -36.36 | 0.0 | 25.29 | -19.84 | 0.0 | -1.71 | -118.43 | 0.0 | 6.55 | -19.04 | 0.0 | 5.76 | -16.64 | 0.0 | 1.50 | -40.94 | 0.0 | 0.87 | -37.86 | 0.0 | 0.14 | -26.32 | 0.0 | 12.53 | -6.28 | 0.0 | 79.85 | -6.0 | 0.0 | -26.92 | -123.63 | 0.0 | 123.08 | 982.05 | 0.0 | 28.05 | 15.15 | 0.0 |
| 19Q4 (1) | 0.33 | 0.0 | 0.0 | 31.55 | 0.0 | 0.0 | 9.28 | 0.0 | 0.0 | 8.09 | 0.0 | 0.0 | 6.91 | 0.0 | 0.0 | 2.54 | 0.0 | 0.0 | 1.40 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 13.37 | 0.0 | 0.0 | 84.95 | 0.0 | 0.0 | 113.95 | 0.0 | 0.0 | -13.95 | 0.0 | 0.0 | 24.36 | 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) | 1.21 | -41.83 | 30.18 | 9.19 | 3.56 | -51.03 | 5.05 | 30.47 | 8.13 | -28.12 | 5.53 | -41.04 | 6.99 | -53.62 | 3.89 | -49.02 | 0.62 | -21.52 | 15.16 | -5.43 | 108.32 | 10.15 | 43.59 | -32.36 | 56.41 | 57.25 | 7.35 | -4.52 | 28.91 | 16.81 |
| 2022 (9) | 2.08 | 11.83 | 27.64 | -0.58 | 7.27 | -18.31 | 3.87 | 8.95 | 11.31 | 18.68 | 9.38 | 19.8 | 15.07 | 16.82 | 7.63 | 17.57 | 0.79 | -2.47 | 16.03 | 18.74 | 98.34 | -10.71 | 64.44 | -30.93 | 35.87 | 435.85 | 7.70 | 357.76 | 24.75 | -1.55 |
| 2021 (8) | 1.86 | 2.2 | 27.80 | -11.01 | 8.90 | -1.77 | 3.55 | -4.62 | 9.53 | -9.24 | 7.83 | -15.44 | 12.90 | -1.53 | 6.49 | -7.29 | 0.81 | 9.46 | 13.50 | -8.85 | 110.13 | 13.19 | 93.31 | 8.37 | 6.69 | -51.84 | 1.68 | -10.39 | 25.14 | -3.27 |
| 2020 (7) | 1.82 | 0.55 | 31.24 | 5.5 | 9.06 | 19.53 | 3.73 | 4.76 | 10.50 | 2.04 | 9.26 | -0.11 | 13.10 | -5.07 | 7.00 | -9.79 | 0.74 | -9.76 | 14.81 | 2.49 | 97.30 | 14.54 | 86.10 | 16.85 | 13.90 | -47.17 | 1.88 | -15.52 | 25.99 | 5.95 |
| 2019 (6) | 1.81 | 12.42 | 29.61 | 16.03 | 7.58 | 6.61 | 3.56 | 20.23 | 10.29 | 16.14 | 9.27 | 21.49 | 13.80 | 4.23 | 7.76 | 1.97 | 0.82 | -16.33 | 14.45 | 17.77 | 84.95 | 7.02 | 73.68 | -7.89 | 26.32 | 34.57 | 2.22 | 4.76 | 24.53 | 0.12 |
| 2018 (5) | 1.61 | 34.17 | 25.52 | -8.6 | 7.11 | -21.26 | 2.96 | -6.8 | 8.86 | 3.38 | 7.63 | 6.42 | 13.24 | 18.53 | 7.61 | 12.57 | 0.98 | 6.52 | 12.27 | -0.65 | 79.38 | 7.39 | 80.00 | -24.29 | 19.56 | 0 | 2.12 | 0 | 24.50 | -10.09 |
| 2017 (4) | 1.20 | 103.39 | 27.92 | 19.93 | 9.03 | 131.54 | 3.17 | -13.24 | 8.57 | 95.22 | 7.17 | 85.27 | 11.17 | 91.6 | 6.76 | 84.2 | 0.92 | 2.22 | 12.35 | 41.14 | 73.92 | 14.14 | 105.67 | 19.03 | -5.15 | 0 | 0.00 | 0 | 27.25 | -1.8 |
| 2016 (3) | 0.59 | 1080.0 | 23.28 | 22.85 | 3.90 | 0 | 3.66 | 8.24 | 4.39 | 608.06 | 3.87 | 1282.14 | 5.83 | 1167.39 | 3.67 | 841.03 | 0.90 | -5.26 | 8.75 | 87.37 | 64.76 | -4.81 | 88.78 | 0 | 11.22 | -89.48 | 0.00 | 0 | 27.75 | -3.98 |
| 2015 (2) | 0.05 | 0 | 18.95 | 4.01 | -0.05 | 0 | 3.38 | -2.63 | 0.62 | -29.55 | 0.28 | 600.0 | 0.46 | 557.14 | 0.39 | 129.41 | 0.95 | -5.94 | 4.67 | -5.85 | 68.03 | -4.45 | -6.67 | 0 | 106.67 | 11.52 | 0.00 | 0 | 28.90 | 5.71 |
| 2014 (1) | 0.00 | 0 | 18.22 | 0 | 0.04 | 0 | 3.47 | -0.76 | 0.88 | 0 | 0.04 | 0 | 0.07 | 0 | 0.17 | 0 | 1.01 | -3.81 | 4.96 | 0 | 71.20 | -11.5 | 4.35 | -94.42 | 95.65 | 333.85 | 0.00 | 0 | 27.34 | 4.11 |
