- 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) | 0.13 | -61.76 | -87.0 | 9.37 | -6.86 | -17.23 | 1.89 | -15.63 | -57.43 | 1.40 | -66.1 | -86.21 | 1.33 | -58.04 | -84.17 | 0.58 | -58.87 | -85.85 | 0.45 | -53.61 | -82.49 | 0.26 | -7.14 | -13.33 | 2.37 | -53.44 | -78.47 | 66.70 | 3.33 | 8.79 | 144.44 | 161.81 | 231.37 | -33.33 | -174.36 | -159.09 | 4.54 | 0.67 | 15.82 |
| 24Q2 (19) | 0.34 | -44.26 | -43.33 | 10.06 | 8.41 | -8.71 | 2.24 | -13.51 | -54.93 | 4.13 | -48.31 | -44.79 | 3.17 | -49.76 | -41.19 | 1.41 | -44.05 | -42.68 | 0.97 | -41.57 | -35.33 | 0.28 | 12.0 | 7.69 | 5.09 | -43.57 | -39.62 | 64.55 | 11.22 | -7.46 | 55.17 | 72.41 | -17.24 | 44.83 | -34.08 | 34.48 | 4.51 | 7.64 | 15.05 |
| 24Q1 (18) | 0.61 | 344.0 | 177.27 | 9.28 | 5.33 | -12.12 | 2.59 | 83.69 | -24.49 | 7.99 | 339.22 | 180.35 | 6.31 | 349.41 | 176.75 | 2.52 | 340.0 | 186.36 | 1.66 | 401.82 | 191.23 | 0.25 | -3.85 | 25.0 | 9.02 | 469.67 | 122.72 | 58.04 | -7.7 | -29.82 | 32.00 | 178.22 | -72.8 | 68.00 | -51.74 | 485.33 | 4.19 | 12.63 | -4.56 |
| 23Q4 (17) | -0.25 | -125.0 | 16.67 | 8.81 | -22.17 | -3.19 | 1.41 | -68.24 | 65.88 | -3.34 | -132.91 | -10.23 | -2.53 | -130.12 | 1.94 | -1.05 | -125.61 | 13.22 | -0.55 | -121.4 | -7.84 | 0.26 | -13.33 | 8.33 | -2.44 | -122.16 | -16.75 | 62.88 | 2.56 | -36.83 | -40.91 | -193.85 | -50.0 | 140.91 | 149.79 | 10.71 | 3.72 | -5.1 | -9.71 |
| 23Q3 (16) | 1.00 | 66.67 | -35.06 | 11.32 | 2.72 | 3.95 | 4.44 | -10.66 | 19.03 | 10.15 | 35.7 | -30.43 | 8.40 | 55.84 | -29.65 | 4.10 | 66.67 | -37.97 | 2.57 | 71.33 | -23.96 | 0.30 | 15.38 | 11.11 | 11.01 | 30.6 | -28.83 | 61.31 | -12.1 | -34.53 | 43.59 | -34.62 | 71.45 | 56.41 | 69.23 | -24.36 | 3.92 | 0.0 | -8.62 |
| 23Q2 (15) | 0.60 | 172.73 | -54.55 | 11.02 | 4.36 | -8.7 | 4.97 | 44.9 | -27.97 | 7.48 | 162.46 | -28.42 | 5.39 | 136.4 | -33.29 | 2.46 | 179.55 | -59.14 | 1.50 | 163.16 | -48.1 | 0.26 | 30.0 | -25.71 | 8.43 | 108.15 | -24.66 | 69.75 | -15.66 | -37.21 | 66.67 | -43.33 | 0.5 | 33.33 | 288.89 | -0.98 | 3.92 | -10.71 | 15.98 |
| 23Q1 (14) | 0.22 | 173.33 | -75.28 | 10.56 | 16.04 | -5.46 | 3.43 | 303.53 | -8.29 | 2.85 | 194.06 | -65.2 | 2.28 | 188.37 | -67.43 | 0.88 | 172.73 | -79.34 | 0.57 | 211.76 | -70.47 | 0.20 | -16.67 | -23.08 | 4.05 | 293.78 | -55.05 | 82.70 | -16.92 | -31.2 | 117.65 | 531.37 | 160.5 | -17.65 | -113.87 | -132.18 | 4.39 | 6.55 | 12.28 |
| 22Q4 (13) | -0.30 | -119.48 | -156.6 | 9.10 | -16.44 | 0.33 | 0.85 | -77.21 | -76.19 | -3.03 | -120.77 | -182.34 | -2.58 | -121.61 | -186.0 | -1.21 | -118.31 | -145.49 | -0.51 | -115.09 | -141.46 | 0.24 | -11.11 | -36.84 | -2.09 | -113.51 | -149.41 | 99.54 | 6.3 | -30.37 | -27.27 | -207.27 | -128.01 | 127.27 | 70.66 | 4736.36 | 4.12 | -3.96 | 37.79 |
| 22Q3 (12) | 1.54 | 16.67 | 79.07 | 10.89 | -9.78 | 7.08 | 3.73 | -45.94 | -25.25 | 14.59 | 39.62 | 131.22 | 11.94 | 47.77 | 124.86 | 6.61 | 9.8 | 49.55 | 3.38 | 16.96 | 60.19 | 0.27 | -22.86 | -28.95 | 15.47 | 38.25 | 131.59 | 93.64 | -15.71 | -21.0 | 25.42 | -61.67 | -68.22 | 74.58 | 121.54 | 244.2 | 4.29 | 26.92 | 34.91 |
| 22Q2 (11) | 1.32 | 48.31 | 230.0 | 12.07 | 8.06 | 12.17 | 6.90 | 84.49 | 44.35 | 10.45 | 27.59 | 234.94 | 8.08 | 15.43 | 210.77 | 6.02 | 41.31 | 199.5 | 2.89 | 49.74 | 189.0 | 0.35 | 34.62 | -2.78 | 11.19 | 24.2 | 214.33 | 111.09 | -7.59 | -2.48 | 66.34 | 46.89 | -56.8 | 33.66 | -38.61 | 162.84 | 3.38 | -13.55 | 1.2 |
| 22Q1 (10) | 0.89 | 67.92 | 39.06 | 11.17 | 23.15 | 0.63 | 3.74 | 4.76 | -25.94 | 8.19 | 122.55 | 47.04 | 7.00 | 133.33 | 53.51 | 4.26 | 60.15 | 28.31 | 1.93 | 56.91 | 18.4 | 0.26 | -31.58 | -23.53 | 9.01 | 113.0 | 48.68 | 120.21 | -15.91 | 1.99 | 45.16 | -53.62 | -50.54 | 54.84 | 1983.87 | 530.65 | 3.91 | 30.77 | 18.13 |
| 21Q4 (9) | 0.53 | -38.37 | 3.92 | 9.07 | -10.82 | -16.79 | 3.57 | -28.46 | -29.03 | 3.68 | -41.68 | -10.68 | 3.00 | -43.5 | -11.76 | 2.66 | -39.82 | -2.56 | 1.23 | -41.71 | -11.51 | 0.38 | 0.0 | -2.56 | 4.23 | -36.68 | -6.83 | 142.96 | 20.61 | 30.76 | 97.37 | 21.71 | -20.33 | 2.63 | -87.85 | 111.84 | 2.99 | -5.97 | -10.48 |
| 21Q3 (8) | 0.86 | 115.0 | 32.31 | 10.17 | -5.48 | -3.6 | 4.99 | 4.39 | 7.78 | 6.31 | 102.24 | 15.78 | 5.31 | 104.23 | 0.95 | 4.42 | 119.9 | 23.81 | 2.11 | 111.0 | 22.67 | 0.38 | 5.56 | 22.58 | 6.68 | 87.64 | 10.23 | 118.53 | 4.05 | 9.38 | 80.00 | -47.91 | -5.88 | 21.67 | 140.44 | 44.44 | 3.18 | -4.79 | -9.92 |
| 21Q2 (7) | 0.40 | -37.5 | 37.93 | 10.76 | -3.06 | 5.39 | 4.78 | -5.35 | 8.64 | 3.12 | -43.99 | 2.3 | 2.60 | -42.98 | 18.18 | 2.01 | -39.46 | 24.07 | 1.00 | -38.65 | 25.0 | 0.36 | 5.88 | 9.09 | 3.56 | -41.25 | 0.56 | 113.92 | -3.35 | -11.35 | 153.57 | 68.2 | 5.31 | -53.57 | -716.07 | -16.88 | 3.34 | 0.91 | 0 |
| 21Q1 (6) | 0.64 | 25.49 | 93.94 | 11.10 | 1.83 | 34.38 | 5.05 | 0.4 | 110.42 | 5.57 | 35.19 | 70.34 | 4.56 | 34.12 | 93.22 | 3.32 | 21.61 | 94.15 | 1.63 | 17.27 | 94.05 | 0.34 | -12.82 | 6.25 | 6.06 | 33.48 | 59.47 | 117.87 | 7.81 | -5.25 | 91.30 | -25.3 | 24.94 | 8.70 | 139.13 | -67.7 | 3.31 | -0.9 | 0 |
| 20Q4 (5) | 0.51 | -21.54 | 264.29 | 10.90 | 3.32 | 86.01 | 5.03 | 8.64 | 27.02 | 4.12 | -24.4 | 362.92 | 3.40 | -35.36 | 265.59 | 2.73 | -23.53 | 273.97 | 1.39 | -19.19 | 247.5 | 0.39 | 25.81 | 14.71 | 4.54 | -25.08 | 257.48 | 109.33 | 0.89 | -16.69 | 122.22 | 43.79 | -71.24 | -22.22 | -248.15 | 93.42 | 3.34 | -5.38 | 0 |
| 20Q3 (4) | 0.65 | 124.14 | 0.0 | 10.55 | 3.33 | 0.0 | 4.63 | 5.23 | 0.0 | 5.45 | 78.69 | 0.0 | 5.26 | 139.09 | 0.0 | 3.57 | 120.37 | 0.0 | 1.72 | 115.0 | 0.0 | 0.31 | -6.06 | 0.0 | 6.06 | 71.19 | 0.0 | 108.37 | -15.67 | 0.0 | 85.00 | -41.71 | 0.0 | 15.00 | 132.73 | 0.0 | 3.53 | 0 | 0.0 |
| 20Q2 (3) | 0.29 | -12.12 | 0.0 | 10.21 | 23.61 | 0.0 | 4.40 | 83.33 | 0.0 | 3.05 | -6.73 | 0.0 | 2.20 | -6.78 | 0.0 | 1.62 | -5.26 | 0.0 | 0.80 | -4.76 | 0.0 | 0.33 | 3.13 | 0.0 | 3.54 | -6.84 | 0.0 | 128.50 | 3.3 | 0.0 | 145.83 | 99.56 | 0.0 | -45.83 | -270.24 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.33 | 135.71 | 0.0 | 8.26 | 40.96 | 0.0 | 2.40 | -39.39 | 0.0 | 3.27 | 267.42 | 0.0 | 2.36 | 153.76 | 0.0 | 1.71 | 134.25 | 0.0 | 0.84 | 110.0 | 0.0 | 0.32 | -5.88 | 0.0 | 3.80 | 199.21 | 0.0 | 124.40 | -5.21 | 0.0 | 73.08 | -82.81 | 0.0 | 26.92 | 107.98 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.14 | 0.0 | 0.0 | 5.86 | 0.0 | 0.0 | 3.96 | 0.0 | 0.0 | 0.89 | 0.0 | 0.0 | 0.93 | 0.0 | 0.0 | 0.73 | 0.0 | 0.0 | 0.40 | 0.0 | 0.0 | 0.34 | 0.0 | 0.0 | 1.27 | 0.0 | 0.0 | 131.24 | 0.0 | 0.0 | 425.00 | 0.0 | 0.0 | -337.50 | 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) | 1.55 | -53.45 | 10.48 | -3.94 | 3.64 | -9.9 | 0.47 | 18.26 | 4.65 | -41.66 | 3.67 | -43.01 | 6.70 | -57.13 | 4.12 | -45.21 | 1.01 | -9.01 | 5.65 | -35.94 | 62.88 | -36.83 | 78.74 | 55.68 | 22.05 | -55.39 | 0.04 | 15.71 | 3.97 | 2.06 |
| 2022 (9) | 3.33 | 37.6 | 10.91 | 6.86 | 4.04 | -11.4 | 0.40 | 86.39 | 7.97 | 71.77 | 6.44 | 67.71 | 15.63 | 26.87 | 7.52 | 31.7 | 1.11 | -21.28 | 8.82 | 72.6 | 99.54 | -30.37 | 50.58 | -48.53 | 49.42 | 2749.94 | 0.03 | 0.89 | 3.89 | 21.94 |
| 2021 (8) | 2.42 | 37.5 | 10.21 | 2.1 | 4.56 | 10.41 | 0.21 | 14.23 | 4.64 | 17.47 | 3.84 | 17.43 | 12.32 | 30.23 | 5.71 | 23.33 | 1.41 | 7.63 | 5.11 | 14.83 | 142.96 | 30.76 | 98.27 | -6.2 | 1.73 | 0 | 0.03 | 0 | 3.19 | -7.54 |
| 2020 (7) | 1.76 | -30.71 | 10.00 | 0.7 | 4.13 | -14.67 | 0.19 | 143.85 | 3.95 | -13.94 | 3.27 | -10.66 | 9.46 | -30.54 | 4.63 | -19.62 | 1.31 | -11.49 | 4.45 | -9.92 | 109.33 | -16.69 | 104.76 | -0.81 | -4.76 | 0 | 0.00 | 0 | 3.45 | 5.18 |
| 2019 (6) | 2.54 | -19.62 | 9.93 | -9.07 | 4.84 | -4.35 | 0.08 | 35.07 | 4.59 | -21.94 | 3.66 | -22.13 | 13.62 | -23.57 | 5.76 | -25.49 | 1.48 | -7.5 | 4.94 | -19.54 | 131.24 | -23.4 | 105.62 | 22.92 | -5.62 | 0 | 0.00 | 0 | 3.28 | 1.55 |
| 2018 (5) | 3.16 | 120.98 | 10.92 | -12.43 | 5.06 | -0.59 | 0.06 | -36.8 | 5.88 | 41.69 | 4.70 | 45.51 | 17.82 | 105.3 | 7.73 | 63.42 | 1.60 | 15.11 | 6.14 | 35.84 | 171.33 | 74.99 | 85.92 | -29.42 | 13.59 | 0 | 0.00 | 0 | 3.23 | -29.32 |
| 2017 (4) | 1.43 | 232.56 | 12.47 | 11.64 | 5.09 | 122.27 | 0.09 | -18.04 | 4.15 | 162.66 | 3.23 | 169.17 | 8.68 | 226.32 | 4.73 | 181.55 | 1.39 | 17.8 | 4.52 | 121.57 | 97.91 | 9.67 | 121.74 | -15.94 | -22.83 | 0 | 0.00 | 0 | 4.57 | -12.62 |
| 2016 (3) | 0.43 | -63.56 | 11.17 | 0.36 | 2.29 | 0.44 | 0.11 | -29.36 | 1.58 | -58.2 | 1.20 | -61.04 | 2.66 | -62.32 | 1.68 | -59.32 | 1.18 | -7.09 | 2.04 | -51.66 | 89.28 | 3.37 | 144.83 | 140.28 | -44.83 | 0 | 0.00 | 0 | 5.23 | -2.24 |
| 2015 (2) | 1.18 | 1.72 | 11.13 | 0.54 | 2.28 | 23.91 | 0.16 | -45.47 | 3.78 | -1.82 | 3.08 | -6.67 | 7.06 | -0.84 | 4.13 | -3.28 | 1.27 | 1.6 | 4.22 | -1.86 | 86.37 | 15.21 | 60.27 | 26.2 | 39.73 | -23.95 | 0.00 | 0 | 5.35 | -4.29 |
| 2014 (1) | 1.16 | 73.13 | 11.07 | 0 | 1.84 | 0 | 0.29 | 0.59 | 3.85 | 0 | 3.30 | 0 | 7.12 | 0 | 4.27 | 0 | 1.25 | 13.64 | 4.30 | 37.38 | 74.97 | 6.07 | 47.76 | 6.76 | 52.24 | -5.47 | 0.00 | 0 | 5.59 | -9.55 |
