- 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) | -0.05 | -110.2 | -133.33 | 19.51 | 19.91 | -3.61 | 0.94 | 156.29 | -47.49 | -0.29 | -104.49 | -113.81 | -0.17 | -103.31 | -113.39 | -0.06 | -102.71 | -110.53 | 0.09 | -93.23 | -80.0 | 0.21 | -8.7 | -8.7 | 4.08 | -60.5 | -34.3 | 78.09 | -1.56 | -8.25 | -306.67 | -1084.7 | -459.24 | 406.67 | 223.04 | 2678.89 | 17.24 | 9.95 | 17.36 |
| 24Q2 (19) | 0.49 | 308.33 | 11.36 | 16.27 | -16.39 | -7.5 | -1.67 | -189.3 | -146.13 | 6.46 | 224.62 | 71.81 | 5.13 | 233.12 | 42.9 | 2.21 | 262.3 | 1.38 | 1.33 | 209.3 | 12.71 | 0.23 | 9.52 | -23.33 | 10.33 | 67.15 | 50.58 | 79.33 | -13.62 | -20.47 | -25.89 | -127.49 | -126.9 | 125.89 | 2061.04 | 3230.25 | 15.68 | 2.22 | 22.21 |
| 24Q1 (18) | 0.12 | 20.0 | -62.5 | 19.46 | 4.79 | 9.39 | 1.87 | -3.11 | -53.02 | 1.99 | 13.07 | -42.65 | 1.54 | 4.05 | -35.02 | 0.61 | -19.74 | -57.34 | 0.43 | -20.37 | -45.57 | 0.21 | -25.0 | -27.59 | 6.18 | 22.86 | -2.98 | 91.84 | 16.95 | -17.51 | 94.17 | -13.73 | -17.86 | 5.83 | 163.55 | 139.76 | 15.34 | 23.31 | 23.91 |
| 23Q4 (17) | 0.10 | -33.33 | -76.19 | 18.57 | -8.25 | -2.93 | 1.93 | 7.82 | -66.67 | 1.76 | -16.19 | -58.97 | 1.48 | 16.54 | -57.1 | 0.76 | 33.33 | -67.8 | 0.54 | 20.0 | -57.14 | 0.28 | 21.74 | -15.15 | 5.03 | -19.0 | -26.35 | 78.53 | -7.73 | -21.59 | 109.17 | 27.88 | -19.2 | -9.17 | -162.64 | 73.88 | 12.44 | -15.32 | 1.8 |
| 23Q3 (16) | 0.15 | -65.91 | -74.14 | 20.24 | 15.07 | 17.06 | 1.79 | -50.55 | -64.62 | 2.10 | -44.15 | -57.14 | 1.27 | -64.62 | -67.27 | 0.57 | -73.85 | -79.2 | 0.45 | -61.86 | -66.42 | 0.23 | -23.33 | -28.12 | 6.21 | -9.48 | -13.87 | 85.11 | -14.68 | -26.31 | 85.37 | -11.28 | -17.38 | 14.63 | 287.14 | 540.98 | 14.69 | 14.5 | 24.6 |
| 23Q2 (15) | 0.44 | 37.5 | -2.22 | 17.59 | -1.12 | -8.19 | 3.62 | -9.05 | -32.21 | 3.76 | 8.36 | -25.69 | 3.59 | 51.48 | -6.99 | 2.18 | 52.45 | -14.51 | 1.18 | 49.37 | -1.67 | 0.30 | 3.45 | 3.45 | 6.86 | 7.69 | -7.67 | 99.75 | -10.41 | -23.1 | 96.22 | -16.08 | -8.79 | 3.78 | 125.8 | 168.86 | 12.83 | 3.63 | 3.3 |
| 23Q1 (14) | 0.32 | -23.81 | 28.0 | 17.79 | -7.0 | -6.02 | 3.98 | -31.26 | 1.27 | 3.47 | -19.11 | -10.57 | 2.37 | -31.3 | 1.28 | 1.43 | -39.41 | 10.85 | 0.79 | -37.3 | 19.7 | 0.29 | -12.12 | 11.54 | 6.37 | -6.73 | -2.0 | 111.34 | 11.17 | -8.37 | 114.65 | -15.14 | 12.95 | -14.65 | 58.26 | -1199.15 | 12.38 | 1.31 | -6.35 |
| 22Q4 (13) | 0.42 | -27.59 | 147.06 | 19.13 | 10.64 | 1.22 | 5.79 | 14.43 | 81.5 | 4.29 | -12.45 | 40.66 | 3.45 | -11.08 | 51.98 | 2.36 | -13.87 | 101.71 | 1.26 | -5.97 | 103.23 | 0.33 | 3.13 | 26.92 | 6.83 | -5.27 | 12.15 | 100.15 | -13.28 | 3.33 | 135.10 | 30.76 | 29.8 | -35.10 | -957.71 | -759.97 | 12.22 | 3.65 | -5.93 |
| 22Q3 (12) | 0.58 | 28.89 | 176.19 | 17.29 | -9.76 | 1.17 | 5.06 | -5.24 | 91.67 | 4.90 | -3.16 | 66.67 | 3.88 | 0.52 | 85.65 | 2.74 | 7.45 | 142.48 | 1.34 | 11.67 | 123.33 | 0.32 | 10.34 | 18.52 | 7.21 | -2.96 | 22.41 | 115.49 | -10.96 | 19.49 | 103.32 | -2.06 | 14.99 | -3.32 | 39.54 | -132.69 | 11.79 | -5.07 | -7.96 |
| 22Q2 (11) | 0.45 | 80.0 | 114.29 | 19.16 | 1.22 | 25.31 | 5.34 | 35.88 | 127.23 | 5.06 | 30.41 | 84.67 | 3.86 | 64.96 | 113.26 | 2.55 | 97.67 | 136.11 | 1.20 | 81.82 | 114.29 | 0.29 | 11.54 | 0.0 | 7.43 | 14.31 | 42.34 | 129.71 | 6.75 | 20.73 | 105.49 | 3.93 | 22.68 | -5.49 | -386.71 | -139.18 | 12.42 | -6.05 | 2.64 |
| 22Q1 (10) | 0.25 | 47.06 | 19.05 | 18.93 | 0.16 | 26.79 | 3.93 | 23.2 | 87.14 | 3.88 | 27.21 | 79.63 | 2.34 | 3.08 | 43.56 | 1.29 | 10.26 | 41.76 | 0.66 | 6.45 | 37.5 | 0.26 | 0.0 | -3.7 | 6.50 | 6.73 | 29.48 | 121.51 | 25.37 | 25.11 | 101.50 | -2.48 | 4.86 | -1.13 | 72.37 | -135.19 | 13.22 | 1.77 | 9.26 |
| 21Q4 (9) | 0.17 | -19.05 | -60.47 | 18.90 | 10.59 | 28.83 | 3.19 | 20.83 | -12.12 | 3.05 | 3.74 | -23.94 | 2.27 | 8.61 | -31.0 | 1.17 | 3.54 | -54.47 | 0.62 | 3.33 | -49.18 | 0.26 | -3.7 | -29.73 | 6.09 | 3.4 | 1.84 | 96.92 | 0.28 | -13.46 | 104.08 | 15.84 | 14.93 | -4.08 | -140.2 | -143.24 | 12.99 | 1.41 | 29.13 |
| 21Q3 (8) | 0.21 | 0.0 | -52.27 | 17.09 | 11.77 | 13.33 | 2.64 | 12.34 | -32.31 | 2.94 | 7.3 | -13.02 | 2.09 | 15.47 | -23.44 | 1.13 | 4.63 | -47.69 | 0.60 | 7.14 | -43.93 | 0.27 | -6.9 | -28.95 | 5.89 | 12.84 | 9.07 | 96.65 | -10.04 | -16.24 | 89.85 | 4.49 | -22.31 | 10.15 | -27.53 | 164.89 | 12.81 | 5.87 | 31.12 |
| 21Q2 (7) | 0.21 | 0.0 | -46.15 | 15.29 | 2.41 | -6.71 | 2.35 | 11.9 | -27.24 | 2.74 | 26.85 | -30.63 | 1.81 | 11.04 | -49.58 | 1.08 | 18.68 | -53.04 | 0.56 | 16.67 | -54.84 | 0.29 | 7.41 | -12.12 | 5.22 | 3.98 | -17.14 | 107.44 | 10.63 | 4.9 | 85.99 | -11.16 | 4.91 | 14.01 | 337.1 | -23.7 | 12.10 | 0.0 | -3.2 |
| 21Q1 (6) | 0.21 | -51.16 | 187.5 | 14.93 | 1.77 | -11.97 | 2.10 | -42.15 | 223.53 | 2.16 | -46.13 | 202.86 | 1.63 | -50.46 | 158.84 | 0.91 | -64.59 | 185.85 | 0.48 | -60.66 | 188.89 | 0.27 | -27.03 | 28.57 | 5.02 | -16.05 | 219.75 | 97.12 | -13.29 | 20.39 | 96.79 | 6.88 | 19.57 | 3.21 | -66.04 | -83.17 | 12.10 | 20.28 | -30.58 |
| 20Q4 (5) | 0.43 | -2.27 | 258.33 | 14.67 | -2.72 | -2.27 | 3.63 | -6.92 | 71.23 | 4.01 | 18.64 | 109.95 | 3.29 | 20.51 | 133.33 | 2.57 | 18.98 | 367.27 | 1.22 | 14.02 | 258.82 | 0.37 | -2.63 | 54.17 | 5.98 | 10.74 | 63.39 | 112.00 | -2.94 | 43.64 | 90.56 | -21.69 | -18.59 | 9.44 | 160.33 | 184.01 | 10.06 | 2.97 | -21.16 |
| 20Q3 (4) | 0.44 | 12.82 | 0.0 | 15.08 | -7.99 | 0.0 | 3.90 | 20.74 | 0.0 | 3.38 | -14.43 | 0.0 | 2.73 | -23.96 | 0.0 | 2.16 | -6.09 | 0.0 | 1.07 | -13.71 | 0.0 | 0.38 | 15.15 | 0.0 | 5.40 | -14.29 | 0.0 | 115.39 | 12.66 | 0.0 | 115.64 | 41.09 | 0.0 | -15.64 | -185.2 | 0.0 | 9.77 | -21.84 | 0.0 |
| 20Q2 (3) | 0.39 | 262.5 | 0.0 | 16.39 | -3.36 | 0.0 | 3.23 | 290.0 | 0.0 | 3.95 | 288.1 | 0.0 | 3.59 | 229.6 | 0.0 | 2.30 | 316.98 | 0.0 | 1.24 | 329.63 | 0.0 | 0.33 | 57.14 | 0.0 | 6.30 | 301.27 | 0.0 | 102.42 | 26.96 | 0.0 | 81.97 | 1.25 | 0.0 | 18.36 | -3.61 | 0.0 | 12.50 | -28.28 | 0.0 |
| 20Q1 (2) | -0.24 | -300.0 | 0.0 | 16.96 | 12.99 | 0.0 | -1.70 | -180.19 | 0.0 | -2.10 | -209.95 | 0.0 | -2.77 | -296.45 | 0.0 | -1.06 | -292.73 | 0.0 | -0.54 | -258.82 | 0.0 | 0.21 | -12.5 | 0.0 | 1.57 | -57.1 | 0.0 | 80.67 | 3.46 | 0.0 | 80.95 | -27.22 | 0.0 | 19.05 | 269.52 | 0.0 | 17.43 | 36.6 | 0.0 |
| 19Q4 (1) | 0.12 | 0.0 | 0.0 | 15.01 | 0.0 | 0.0 | 2.12 | 0.0 | 0.0 | 1.91 | 0.0 | 0.0 | 1.41 | 0.0 | 0.0 | 0.55 | 0.0 | 0.0 | 0.34 | 0.0 | 0.0 | 0.24 | 0.0 | 0.0 | 3.66 | 0.0 | 0.0 | 77.97 | 0.0 | 0.0 | 111.24 | 0.0 | 0.0 | -11.24 | 0.0 | 0.0 | 12.76 | 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) | 1.01 | -40.24 | 18.43 | -0.86 | 2.93 | -42.55 | 1.97 | 34.41 | 2.86 | -37.28 | 2.26 | -34.3 | 4.76 | -46.34 | 3.00 | -38.02 | 1.11 | -14.62 | 6.15 | -12.27 | 78.53 | -21.59 | 102.73 | -8.12 | -2.73 | 0 | 4.98 | 3.6 | 13.00 | 5.18 |
| 2022 (9) | 1.69 | 111.25 | 18.59 | 12.94 | 5.10 | 100.0 | 1.47 | -22.21 | 4.56 | 68.27 | 3.44 | 77.32 | 8.87 | 107.73 | 4.84 | 119.0 | 1.30 | 20.37 | 7.01 | 26.76 | 100.15 | 3.33 | 111.80 | 18.89 | -11.80 | 0 | 4.81 | -11.63 | 12.36 | -0.96 |
| 2021 (8) | 0.80 | -22.33 | 16.46 | 5.78 | 2.55 | -8.6 | 1.88 | 17.71 | 2.71 | -5.24 | 1.94 | -13.78 | 4.27 | -21.07 | 2.21 | -24.32 | 1.08 | -12.9 | 5.53 | 6.35 | 96.92 | -13.46 | 94.04 | -3.66 | 5.96 | 149.25 | 5.44 | 2.28 | 12.48 | 6.67 |
| 2020 (7) | 1.03 | 134.09 | 15.56 | -5.81 | 2.79 | 89.8 | 1.60 | -4.04 | 2.86 | 33.02 | 2.25 | 49.01 | 5.41 | 177.44 | 2.92 | 141.32 | 1.24 | 56.96 | 5.20 | 22.35 | 112.00 | 43.64 | 97.61 | 43.05 | 2.39 | -92.47 | 5.32 | -13.06 | 11.70 | -21.0 |
| 2019 (6) | 0.44 | 0 | 16.52 | 22.55 | 1.47 | 0 | 1.67 | -8.32 | 2.15 | 0 | 1.51 | 0 | 1.95 | 0 | 1.21 | 0 | 0.79 | -27.52 | 4.25 | 142.86 | 77.97 | 78.67 | 68.24 | -71.34 | 31.76 | 0 | 6.12 | 345.39 | 14.81 | -1.46 |
| 2018 (5) | -0.17 | 0 | 13.48 | -11.2 | -1.28 | 0 | 1.82 | 8.7 | -0.54 | 0 | -0.56 | 0 | -0.92 | 0 | -0.58 | 0 | 1.09 | -19.85 | 1.75 | -69.19 | 43.64 | -24.56 | 238.10 | 170.77 | -138.10 | 0 | 1.37 | 0 | 15.03 | 13.26 |
| 2017 (4) | 1.26 | -10.0 | 15.18 | 4.12 | 3.21 | 8.08 | 1.67 | -12.16 | 3.65 | -0.82 | 2.88 | 3.23 | 6.37 | -11.28 | 3.93 | -8.82 | 1.36 | -11.11 | 5.68 | -4.86 | 57.85 | -14.18 | 87.93 | 8.93 | 12.07 | -37.4 | 0.00 | 0 | 13.27 | -3.49 |
| 2016 (3) | 1.40 | 0 | 14.58 | 15.62 | 2.97 | 590.7 | 1.91 | -10.02 | 3.68 | 0 | 2.79 | 0 | 7.18 | 0 | 4.31 | 0 | 1.53 | 3.38 | 5.97 | 338.97 | 67.41 | -3.95 | 80.72 | 0 | 19.28 | -86.02 | 0.00 | 0 | 13.75 | -0.94 |
| 2015 (2) | -0.74 | 0 | 12.61 | -10.12 | 0.43 | -78.71 | 2.12 | 2.92 | -1.14 | 0 | -1.48 | 0 | -3.76 | 0 | -2.12 | 0 | 1.48 | 10.45 | 1.36 | -74.81 | 70.18 | -3.51 | -37.55 | 0 | 137.93 | 380.2 | 0.00 | 0 | 13.88 | 2.36 |
| 2014 (1) | 1.10 | -31.25 | 14.03 | 0 | 2.02 | 0 | 2.06 | 4.86 | 2.83 | 0 | 2.30 | 0 | 5.50 | 0 | 3.24 | 0 | 1.34 | -2.9 | 5.40 | -17.05 | 72.73 | -13.86 | 71.28 | -17.53 | 28.72 | 113.22 | 0.00 | 0 | 13.56 | 2.65 |
