- 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) | 1.47 | -5.16 | -11.98 | 8.35 | -0.12 | 6.37 | 4.19 | 16.39 | 33.87 | 3.74 | -1.58 | -3.36 | 2.90 | -1.36 | 1.75 | 5.07 | 0.4 | 0.0 | 1.82 | 0.0 | 4.6 | 0.52 | 4.0 | 8.33 | 5.50 | -5.17 | -13.11 | 221.53 | -12.96 | -15.92 | 111.97 | 18.1 | 38.3 | -11.97 | -330.99 | -162.9 | 4.43 | -16.73 | -19.75 |
| 24Q2 (19) | 1.55 | 25.0 | 33.62 | 8.36 | 16.11 | 10.58 | 3.60 | 22.03 | 40.08 | 3.80 | 13.43 | 27.52 | 2.94 | 13.51 | 28.95 | 5.05 | 9.78 | 26.57 | 1.82 | 5.81 | 22.15 | 0.50 | -3.85 | 4.17 | 5.80 | 7.81 | 5.07 | 254.52 | 11.82 | -10.31 | 94.82 | 7.55 | 9.78 | 5.18 | -56.22 | -61.97 | 5.32 | 1.72 | -8.9 |
| 24Q1 (18) | 1.24 | 4.2 | 1966.67 | 7.20 | -22.5 | 2.71 | 2.95 | -35.45 | 32.29 | 3.35 | 8.41 | 170.16 | 2.59 | 12.12 | 172.63 | 4.60 | 11.11 | 172.19 | 1.72 | 13.16 | 91.11 | 0.52 | 4.0 | 6.12 | 5.38 | 0.94 | 43.47 | 227.61 | -9.44 | -9.8 | 88.16 | -40.4 | -50.96 | 11.84 | 124.71 | 114.83 | 5.23 | 0.58 | -3.68 |
| 23Q4 (17) | 1.19 | -28.74 | -18.49 | 9.29 | 18.34 | 8.15 | 4.57 | 46.01 | 12.84 | 3.09 | -20.16 | -0.64 | 2.31 | -18.95 | -3.35 | 4.14 | -18.34 | -23.33 | 1.52 | -12.64 | -13.64 | 0.50 | 4.17 | -13.79 | 5.33 | -15.8 | 4.92 | 251.34 | -4.61 | -5.1 | 147.92 | 82.7 | 13.44 | -47.92 | -351.73 | -57.64 | 5.20 | -5.8 | 8.11 |
| 23Q3 (16) | 1.67 | 43.97 | 25.56 | 7.85 | 3.84 | 9.79 | 3.13 | 21.79 | 14.65 | 3.87 | 29.87 | 22.08 | 2.85 | 25.0 | 16.33 | 5.07 | 27.07 | -9.95 | 1.74 | 16.78 | 6.75 | 0.48 | 0.0 | -7.69 | 6.33 | 14.67 | 22.2 | 263.49 | -7.15 | -16.18 | 80.96 | -6.26 | -6.01 | 19.04 | 39.66 | 37.36 | 5.52 | -5.48 | 9.52 |
| 23Q2 (15) | 1.16 | 1833.33 | -24.18 | 7.56 | 7.85 | 12.67 | 2.57 | 15.25 | 2.8 | 2.98 | 140.32 | -10.24 | 2.28 | 140.0 | -10.59 | 3.99 | 136.09 | -34.38 | 1.49 | 65.56 | 0.68 | 0.48 | -2.04 | -5.88 | 5.52 | 47.2 | 11.97 | 283.78 | 12.46 | -22.63 | 86.37 | -51.96 | 14.87 | 13.63 | 117.08 | -45.05 | 5.84 | 7.55 | 13.62 |
| 23Q1 (14) | 0.06 | -95.89 | 119.35 | 7.01 | -18.39 | 24.07 | 2.23 | -44.94 | 31.18 | 1.24 | -60.13 | 490.48 | 0.95 | -60.25 | 493.75 | 1.69 | -68.7 | 356.76 | 0.90 | -48.86 | 373.68 | 0.49 | -15.52 | 6.52 | 3.75 | -26.18 | 125.9 | 252.34 | -4.72 | -32.8 | 179.79 | 37.87 | -78.17 | -79.82 | -162.59 | 88.97 | 5.43 | 12.89 | 1.31 |
| 22Q4 (13) | 1.46 | 9.77 | -24.35 | 8.59 | 20.14 | 46.09 | 4.05 | 48.35 | 93.78 | 3.11 | -1.89 | -6.04 | 2.39 | -2.45 | -5.91 | 5.40 | -4.09 | -29.96 | 1.76 | 7.98 | 18.92 | 0.58 | 11.54 | 5.45 | 5.08 | -1.93 | 14.41 | 264.85 | -15.75 | -39.49 | 130.40 | 51.38 | 106.43 | -30.40 | -319.34 | -182.54 | 4.81 | -4.56 | 3.44 |
| 22Q3 (12) | 1.33 | -13.07 | 343.33 | 7.15 | 6.56 | 21.19 | 2.73 | 9.2 | 35.15 | 3.17 | -4.52 | 190.83 | 2.45 | -3.92 | 198.78 | 5.63 | -7.4 | 151.34 | 1.63 | 10.14 | 226.0 | 0.52 | 1.96 | 1.96 | 5.18 | 5.07 | 121.37 | 314.35 | -14.3 | -32.73 | 86.14 | 14.56 | -53.62 | 13.86 | -44.14 | 116.18 | 5.04 | -1.95 | 1.61 |
| 22Q2 (11) | 1.53 | 593.55 | 2.68 | 6.71 | 18.76 | 11.28 | 2.50 | 47.06 | 50.6 | 3.32 | 1480.95 | -2.92 | 2.55 | 1493.75 | -3.04 | 6.08 | 1543.24 | -5.15 | 1.48 | 678.95 | 3.5 | 0.51 | 10.87 | 0.0 | 4.93 | 196.99 | 3.35 | 366.79 | -2.31 | -9.54 | 75.19 | -90.87 | 54.82 | 24.81 | 103.43 | -51.75 | 5.14 | -4.1 | -4.64 |
| 22Q1 (10) | -0.31 | -116.06 | -875.0 | 5.65 | -3.91 | -5.04 | 1.70 | -18.66 | -2.3 | 0.21 | -93.66 | -70.0 | 0.16 | -93.7 | -70.37 | 0.37 | -95.2 | -66.96 | 0.19 | -87.16 | -40.62 | 0.46 | -16.36 | 4.55 | 1.66 | -62.61 | -24.89 | 375.48 | -14.22 | 6.88 | 823.55 | 1203.72 | 231.88 | -723.55 | -2064.55 | -388.41 | 5.36 | 15.27 | -0.92 |
| 21Q4 (9) | 1.93 | 543.33 | 132.53 | 5.88 | -0.34 | 4.26 | 2.09 | 3.47 | 12.97 | 3.31 | 203.67 | 60.68 | 2.54 | 209.76 | 60.76 | 7.71 | 244.2 | 73.26 | 1.48 | 196.0 | 45.1 | 0.55 | 7.84 | -6.78 | 4.44 | 89.74 | 32.54 | 437.71 | -6.33 | 6.51 | 63.17 | -65.99 | -29.76 | 36.83 | 142.99 | 266.55 | 4.65 | -6.25 | -12.92 |
| 21Q3 (8) | 0.30 | -79.87 | -70.0 | 5.90 | -2.16 | 9.87 | 2.02 | 21.69 | 20.96 | 1.09 | -68.13 | -53.22 | 0.82 | -68.82 | -54.19 | 2.24 | -65.05 | -53.81 | 0.50 | -65.03 | -57.63 | 0.51 | 0.0 | -16.39 | 2.34 | -50.94 | -36.93 | 467.28 | 15.24 | 33.28 | 185.72 | 282.39 | 160.46 | -85.68 | -266.63 | -398.79 | 4.96 | -7.98 | 1.85 |
| 21Q2 (7) | 1.49 | 3625.0 | 47.52 | 6.03 | 1.34 | 5.42 | 1.66 | -4.6 | -20.95 | 3.42 | 388.57 | 48.7 | 2.63 | 387.04 | 48.59 | 6.41 | 472.32 | 34.38 | 1.43 | 346.87 | 10.85 | 0.51 | 15.91 | -22.73 | 4.77 | 115.84 | 29.27 | 405.49 | 15.42 | 18.63 | 48.57 | -80.43 | -46.68 | 51.42 | 134.71 | 477.14 | 5.39 | -0.37 | 0 |
| 21Q1 (6) | 0.04 | -95.18 | -84.62 | 5.95 | 5.5 | 20.45 | 1.74 | -5.95 | 59.63 | 0.70 | -66.02 | -35.19 | 0.54 | -65.82 | -34.94 | 1.12 | -74.83 | -34.5 | 0.32 | -68.63 | -50.0 | 0.44 | -25.42 | -15.38 | 2.21 | -34.03 | -26.58 | 351.31 | -14.51 | 24.19 | 248.15 | 175.93 | 145.79 | -148.15 | -1574.37 | -15389.4 | 5.41 | 1.31 | 0 |
| 20Q4 (5) | 0.83 | -17.0 | -17.0 | 5.64 | 5.03 | 11.02 | 1.85 | 10.78 | -7.04 | 2.06 | -11.59 | 5.1 | 1.58 | -11.73 | 4.64 | 4.45 | -8.25 | -2.84 | 1.02 | -13.56 | -23.88 | 0.59 | -3.28 | -18.06 | 3.35 | -9.7 | -0.89 | 410.95 | 17.21 | 32.47 | 89.93 | 26.12 | -11.64 | 10.05 | -64.96 | 665.35 | 5.34 | 9.65 | 0 |
| 20Q3 (4) | 1.00 | -0.99 | 0.0 | 5.37 | -6.12 | 0.0 | 1.67 | -20.48 | 0.0 | 2.33 | 1.3 | 0.0 | 1.79 | 1.13 | 0.0 | 4.85 | 1.68 | 0.0 | 1.18 | -8.53 | 0.0 | 0.61 | -7.58 | 0.0 | 3.71 | 0.54 | 0.0 | 350.61 | 2.57 | 0.0 | 71.30 | -21.72 | 0.0 | 28.68 | 221.87 | 0.0 | 4.87 | 0 | 0.0 |
| 20Q2 (3) | 1.01 | 288.46 | 0.0 | 5.72 | 15.79 | 0.0 | 2.10 | 92.66 | 0.0 | 2.30 | 112.96 | 0.0 | 1.77 | 113.25 | 0.0 | 4.77 | 178.95 | 0.0 | 1.29 | 101.56 | 0.0 | 0.66 | 26.92 | 0.0 | 3.69 | 22.59 | 0.0 | 341.82 | 20.83 | 0.0 | 91.09 | -9.77 | 0.0 | 8.91 | 1031.48 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.26 | -74.0 | 0.0 | 4.94 | -2.76 | 0.0 | 1.09 | -45.23 | 0.0 | 1.08 | -44.9 | 0.0 | 0.83 | -45.03 | 0.0 | 1.71 | -62.66 | 0.0 | 0.64 | -52.24 | 0.0 | 0.52 | -27.78 | 0.0 | 3.01 | -10.95 | 0.0 | 282.89 | -8.81 | 0.0 | 100.96 | -0.81 | 0.0 | -0.96 | 46.19 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 1.00 | 0.0 | 0.0 | 5.08 | 0.0 | 0.0 | 1.99 | 0.0 | 0.0 | 1.96 | 0.0 | 0.0 | 1.51 | 0.0 | 0.0 | 4.58 | 0.0 | 0.0 | 1.34 | 0.0 | 0.0 | 0.72 | 0.0 | 0.0 | 3.38 | 0.0 | 0.0 | 310.22 | 0.0 | 0.0 | 101.78 | 0.0 | 0.0 | -1.78 | 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) | 4.08 | 1.75 | 7.96 | 12.43 | 3.16 | 13.26 | 1.37 | 22.45 | 2.80 | 11.55 | 2.11 | 9.33 | 14.76 | -18.05 | 5.71 | 11.52 | 1.96 | -7.55 | 5.24 | 22.43 | 251.34 | -5.1 | 112.62 | 1.3 | -12.62 | 0 | 0.54 | 9.49 | 5.49 | 8.07 |
| 2022 (9) | 4.01 | 6.65 | 7.08 | 19.39 | 2.79 | 46.84 | 1.12 | 8.79 | 2.51 | 12.56 | 1.93 | 12.87 | 18.01 | 7.84 | 5.12 | 45.87 | 2.12 | 13.98 | 4.28 | 21.59 | 264.85 | -39.49 | 111.17 | 30.58 | -11.17 | 0 | 0.50 | 42.76 | 5.08 | 0.4 |
| 2021 (8) | 3.76 | 21.29 | 5.93 | 8.81 | 1.90 | 11.11 | 1.03 | -10.75 | 2.23 | 12.06 | 1.71 | 11.76 | 16.70 | 8.58 | 3.51 | -8.36 | 1.86 | -15.07 | 3.52 | 1.73 | 437.71 | 6.51 | 85.14 | -0.9 | 14.87 | 5.51 | 0.35 | 35.13 | 5.06 | -0.59 |
| 2020 (7) | 3.10 | 29.17 | 5.45 | 13.54 | 1.71 | 13.25 | 1.15 | 3.43 | 1.99 | 37.24 | 1.53 | 37.84 | 15.38 | 24.43 | 3.83 | -3.53 | 2.19 | -14.79 | 3.46 | 9.84 | 410.95 | 32.47 | 85.91 | -17.48 | 14.09 | 0 | 0.26 | -7.51 | 5.09 | 15.42 |
| 2019 (6) | 2.40 | 36.36 | 4.80 | 13.74 | 1.51 | 24.79 | 1.11 | 24.84 | 1.45 | 33.03 | 1.11 | 35.37 | 12.36 | 18.73 | 3.97 | 19.22 | 2.57 | -3.75 | 3.15 | 23.53 | 310.22 | -14.11 | 104.10 | -6.6 | -4.10 | 0 | 0.28 | -12.36 | 4.41 | 8.89 |
| 2018 (5) | 1.76 | 18.92 | 4.22 | 11.64 | 1.21 | 70.42 | 0.89 | -1.74 | 1.09 | 47.3 | 0.82 | 57.69 | 10.41 | 60.4 | 3.33 | 52.75 | 2.67 | -2.55 | 2.55 | 26.87 | 361.17 | -7.82 | 111.46 | 16.06 | -11.46 | 0 | 0.32 | 0 | 4.05 | -6.03 |
| 2017 (4) | 1.48 | 23.33 | 3.78 | -21.25 | 0.71 | -21.98 | 0.91 | -21.73 | 0.74 | 2.78 | 0.52 | 15.56 | 6.49 | 48.85 | 2.18 | 34.57 | 2.74 | 19.13 | 2.01 | -10.27 | 391.79 | 23.98 | 96.04 | -24.01 | 3.98 | 0 | 0.00 | 0 | 4.31 | -1.6 |
| 2016 (3) | 1.20 | 118.18 | 4.80 | 1.69 | 0.91 | 139.47 | 1.16 | -7.78 | 0.72 | 89.47 | 0.45 | 125.0 | 4.36 | 138.25 | 1.62 | 70.53 | 2.30 | 9.0 | 2.24 | 11.44 | 316.01 | -1.1 | 126.38 | 25.32 | -26.38 | 0 | 0.00 | 0 | 4.38 | -7.79 |
| 2015 (2) | 0.55 | -63.33 | 4.72 | -10.1 | 0.38 | -40.62 | 1.26 | -4.03 | 0.38 | -53.66 | 0.20 | -67.21 | 1.83 | -65.28 | 0.95 | -51.53 | 2.11 | 1.44 | 2.01 | -22.69 | 319.53 | -2.56 | 100.84 | 29.71 | -0.80 | 0 | 0.00 | 0 | 4.75 | -1.45 |
| 2014 (1) | 1.50 | -40.24 | 5.25 | 0 | 0.64 | 0 | 1.31 | 8.88 | 0.82 | 0 | 0.61 | 0 | 5.27 | 0 | 1.96 | 0 | 2.08 | -9.57 | 2.60 | -9.09 | 327.91 | 6.22 | 77.75 | 1.11 | 22.25 | -3.69 | 0.00 | 0 | 4.82 | 29.22 |
