- 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) | 1.11 | 270.0 | -33.93 | 33.60 | 4.84 | 19.57 | 5.55 | 484.21 | -17.29 | 6.34 | 201.9 | -18.93 | 5.36 | 186.63 | -19.88 | 3.01 | 234.44 | -32.81 | 1.73 | 193.22 | -31.08 | 0.31 | 14.81 | -16.22 | 8.71 | 80.71 | -13.42 | 77.18 | -9.26 | 1.33 | 87.50 | 91.41 | 2.18 | 12.50 | -76.97 | -12.98 | 25.49 | -8.77 | 17.41 |
| 24Q2 (19) | 0.30 | 1400.0 | -79.73 | 32.05 | 7.33 | 39.17 | 0.95 | 181.9 | -77.54 | 2.10 | 677.78 | -62.43 | 1.87 | 648.0 | -62.82 | 0.90 | 718.18 | -75.21 | 0.59 | 321.43 | -72.04 | 0.27 | 8.0 | -34.15 | 4.82 | 62.29 | -35.39 | 85.06 | 24.96 | -5.69 | 45.71 | 110.16 | -39.47 | 54.29 | -90.56 | 121.8 | 27.94 | -3.92 | 34.78 |
| 24Q1 (18) | 0.02 | -97.94 | -98.68 | 29.86 | -5.03 | 36.66 | -1.16 | -125.33 | -138.16 | 0.27 | -95.15 | -95.55 | 0.25 | -94.83 | -95.58 | 0.11 | -95.63 | -97.06 | 0.14 | -90.79 | -93.43 | 0.25 | -13.79 | -32.43 | 2.97 | -64.35 | -62.45 | 68.07 | -11.89 | 13.39 | -450.00 | -650.59 | -993.92 | 575.00 | 3222.22 | 1042.23 | 29.08 | 18.6 | 49.2 |
| 23Q4 (17) | 0.97 | -42.26 | -65.48 | 31.44 | 11.89 | 31.88 | 4.58 | -31.74 | -45.02 | 5.57 | -28.77 | -34.78 | 4.84 | -27.65 | -35.21 | 2.52 | -43.75 | -65.43 | 1.52 | -39.44 | -60.93 | 0.29 | -21.62 | -44.23 | 8.33 | -17.2 | -15.35 | 77.26 | 1.43 | -20.08 | 81.73 | -4.56 | -16.25 | 17.31 | 20.49 | 617.03 | 24.52 | 12.94 | 47.53 |
| 23Q3 (16) | 1.68 | 13.51 | -34.38 | 28.10 | 22.01 | 2.48 | 6.71 | 58.63 | -27.54 | 7.82 | 39.89 | -25.59 | 6.69 | 33.0 | -24.92 | 4.48 | 23.42 | -36.81 | 2.51 | 18.96 | -35.31 | 0.37 | -9.76 | -13.95 | 10.06 | 34.85 | -18.81 | 76.17 | -15.54 | -5.4 | 85.64 | 13.39 | -2.85 | 14.36 | -41.31 | 21.2 | 21.71 | 4.73 | 18.83 |
| 23Q2 (15) | 1.48 | -2.63 | -5.73 | 23.03 | 5.4 | -15.61 | 4.23 | 39.14 | -39.83 | 5.59 | -7.91 | -18.75 | 5.03 | -11.13 | -26.25 | 3.63 | -2.94 | -22.44 | 2.11 | -0.94 | -18.53 | 0.41 | 10.81 | 10.81 | 7.46 | -5.69 | -18.29 | 90.19 | 50.24 | 2.69 | 75.52 | 50.03 | -26.0 | 24.48 | -51.38 | 1291.14 | 20.73 | 6.36 | 2.78 |
| 23Q1 (14) | 1.52 | -45.91 | 29.91 | 21.85 | -8.35 | -17.8 | 3.04 | -63.51 | -49.59 | 6.07 | -28.92 | -10.07 | 5.66 | -24.23 | 0.18 | 3.74 | -48.7 | 6.55 | 2.13 | -45.24 | 7.04 | 0.37 | -28.85 | 5.71 | 7.91 | -19.61 | -14.49 | 60.03 | -37.9 | -22.77 | 50.34 | -48.41 | -43.87 | 50.34 | 1985.52 | 353.06 | 19.49 | 17.27 | -1.42 |
| 22Q4 (13) | 2.81 | 9.77 | 238.55 | 23.84 | -13.06 | -12.06 | 8.33 | -10.04 | 235.89 | 8.54 | -18.74 | 244.35 | 7.47 | -16.16 | 35.82 | 7.29 | 2.82 | 173.03 | 3.89 | 0.26 | 150.97 | 0.52 | 20.93 | 85.71 | 9.84 | -20.58 | 67.35 | 96.67 | 20.06 | 19.4 | 97.59 | 10.71 | -2.41 | 2.41 | -79.63 | 0 | 16.62 | -9.03 | -26.69 |
| 22Q3 (12) | 2.56 | 63.06 | 1124.0 | 27.42 | 0.48 | 0.0 | 9.26 | 31.72 | 489.08 | 10.51 | 52.76 | 786.93 | 8.91 | 30.65 | 706.12 | 7.09 | 51.5 | 1225.4 | 3.88 | 49.81 | 1275.76 | 0.43 | 16.22 | 72.0 | 12.39 | 35.71 | 465.75 | 80.52 | -8.32 | 15.96 | 88.15 | -13.63 | -42.25 | 11.85 | 676.79 | 120.47 | 18.27 | -9.42 | -33.32 |
| 22Q2 (11) | 1.57 | 34.19 | 57.0 | 27.29 | 2.67 | -4.01 | 7.03 | 16.58 | 480.99 | 6.88 | 1.93 | -11.91 | 6.82 | 20.71 | 5.25 | 4.68 | 33.33 | 38.05 | 2.59 | 30.15 | 28.86 | 0.37 | 5.71 | 19.35 | 9.13 | -1.3 | -19.06 | 87.83 | 12.99 | 13.2 | 102.05 | 13.8 | 574.7 | -2.05 | -118.49 | -102.42 | 20.17 | 2.02 | -19.8 |
| 22Q1 (10) | 1.17 | 40.96 | 95.0 | 26.58 | -1.95 | -25.5 | 6.03 | 143.15 | 15.74 | 6.75 | 172.18 | 32.09 | 5.65 | 2.73 | 53.53 | 3.51 | 31.46 | 118.01 | 1.99 | 28.39 | 95.1 | 0.35 | 25.0 | 29.63 | 9.25 | 57.31 | -2.12 | 77.73 | -3.99 | 21.62 | 89.68 | -10.32 | -12.99 | 11.11 | 0 | 822.22 | 19.77 | -12.79 | -29.39 |
| 21Q4 (9) | 0.83 | 432.0 | 40.68 | 27.11 | -1.13 | -20.31 | 2.48 | 204.2 | -32.24 | 2.48 | 262.09 | -7.46 | 5.50 | 474.15 | 56.7 | 2.67 | 523.81 | 76.82 | 1.55 | 569.7 | 59.79 | 0.28 | 12.0 | 3.7 | 5.88 | 168.49 | -19.23 | 80.96 | 16.59 | 27.06 | 100.00 | -34.48 | -26.67 | 0.00 | 100.0 | 100.0 | 22.67 | -17.26 | -20.34 |
| 21Q3 (8) | -0.25 | -125.0 | -132.89 | 27.42 | -3.55 | -23.58 | -2.38 | -296.69 | -132.03 | -1.53 | -119.59 | -122.77 | -1.47 | -122.69 | -131.21 | -0.63 | -118.58 | -128.64 | -0.33 | -116.42 | -123.4 | 0.25 | -19.35 | -13.79 | 2.19 | -80.59 | -80.36 | 69.44 | -10.5 | 24.78 | 152.63 | 909.06 | 37.21 | -57.89 | -168.21 | -472.51 | 27.40 | 8.95 | 4.86 |
| 21Q2 (7) | 1.00 | 66.67 | 88.68 | 28.43 | -20.32 | -9.8 | 1.21 | -76.78 | -39.8 | 7.81 | 52.84 | 120.62 | 6.48 | 76.09 | 149.23 | 3.39 | 110.56 | 171.2 | 2.01 | 97.06 | 148.15 | 0.31 | 14.81 | 3.33 | 11.28 | 19.37 | 45.17 | 77.59 | 21.41 | 21.94 | 15.13 | -85.33 | -72.99 | 84.87 | 5616.81 | 102.08 | 25.15 | -10.18 | -6.09 |
| 21Q1 (6) | 0.60 | 1.69 | -41.18 | 35.68 | 4.88 | 6.41 | 5.21 | 42.35 | -11.39 | 5.11 | 90.67 | -23.04 | 3.68 | 4.84 | -26.69 | 1.61 | 6.62 | -39.93 | 1.02 | 5.15 | -41.04 | 0.27 | 0.0 | -20.59 | 9.45 | 29.81 | -10.09 | 63.91 | 0.3 | 11.42 | 103.08 | -24.41 | 16.38 | -1.54 | 95.77 | -113.46 | 28.00 | -1.62 | 14.94 |
| 20Q4 (5) | 0.59 | -22.37 | 391.67 | 34.02 | -5.18 | 1.64 | 3.66 | -50.74 | 48.78 | 2.68 | -60.12 | 179.17 | 3.51 | -25.48 | 1070.0 | 1.51 | -31.36 | 978.57 | 0.97 | -31.21 | 646.15 | 0.27 | -6.9 | -6.9 | 7.28 | -34.71 | 34.57 | 63.72 | 14.5 | 8.29 | 136.36 | 22.59 | -46.28 | -36.36 | -259.6 | 76.36 | 28.46 | 8.92 | 17.9 |
| 20Q3 (4) | 0.76 | 43.4 | 0.0 | 35.88 | 13.83 | 0.0 | 7.43 | 269.65 | 0.0 | 6.72 | 89.83 | 0.0 | 4.71 | 81.15 | 0.0 | 2.20 | 76.0 | 0.0 | 1.41 | 74.07 | 0.0 | 0.29 | -3.33 | 0.0 | 11.15 | 43.5 | 0.0 | 55.65 | -12.54 | 0.0 | 111.24 | 98.64 | 0.0 | -10.11 | -124.08 | 0.0 | 26.13 | -2.43 | 0.0 |
| 20Q2 (3) | 0.53 | -48.04 | 0.0 | 31.52 | -5.99 | 0.0 | 2.01 | -65.82 | 0.0 | 3.54 | -46.69 | 0.0 | 2.60 | -48.21 | 0.0 | 1.25 | -53.36 | 0.0 | 0.81 | -53.18 | 0.0 | 0.30 | -11.76 | 0.0 | 7.77 | -26.07 | 0.0 | 63.63 | 10.93 | 0.0 | 56.00 | -36.77 | 0.0 | 42.00 | 267.5 | 0.0 | 26.78 | 9.93 | 0.0 |
| 20Q1 (2) | 1.02 | 750.0 | 0.0 | 33.53 | 0.18 | 0.0 | 5.88 | 139.02 | 0.0 | 6.64 | 591.67 | 0.0 | 5.02 | 1573.33 | 0.0 | 2.68 | 1814.29 | 0.0 | 1.73 | 1230.77 | 0.0 | 0.34 | 17.24 | 0.0 | 10.51 | 94.27 | 0.0 | 57.36 | -2.52 | 0.0 | 88.57 | -65.11 | 0.0 | 11.43 | 107.43 | 0.0 | 24.36 | 0.91 | 0.0 |
| 19Q4 (1) | 0.12 | 0.0 | 0.0 | 33.47 | 0.0 | 0.0 | 2.46 | 0.0 | 0.0 | 0.96 | 0.0 | 0.0 | 0.30 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 0.29 | 0.0 | 0.0 | 5.41 | 0.0 | 0.0 | 58.84 | 0.0 | 0.0 | 253.85 | 0.0 | 0.0 | -153.85 | 0.0 | 0.0 | 24.14 | 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) | 5.65 | -30.33 | 25.71 | -1.15 | 4.61 | -41.35 | 1.29 | 18.63 | 6.28 | -24.88 | 5.58 | -24.18 | 14.18 | -36.55 | 7.78 | -34.68 | 1.36 | -15.0 | 8.42 | -17.69 | 77.26 | -20.08 | 73.57 | -21.73 | 26.43 | 339.87 | 0.31 | -71.28 | 21.42 | 16.48 |
| 2022 (9) | 8.11 | 273.73 | 26.01 | -12.01 | 7.86 | 370.66 | 1.09 | -51.08 | 8.36 | 127.17 | 7.36 | 95.23 | 22.35 | 218.38 | 11.91 | 183.57 | 1.60 | 48.15 | 10.23 | 38.43 | 96.67 | 19.4 | 93.99 | 107.61 | 6.01 | -89.02 | 1.09 | -54.55 | 18.39 | -28.42 |
| 2021 (8) | 2.17 | -25.17 | 29.56 | -12.26 | 1.67 | -65.06 | 2.22 | -9.53 | 3.68 | -26.25 | 3.77 | -5.75 | 7.02 | -7.87 | 4.20 | -13.58 | 1.08 | -8.47 | 7.39 | -20.02 | 80.96 | 27.06 | 45.27 | -52.68 | 54.73 | 1163.27 | 2.39 | -45.61 | 25.69 | -2.36 |
| 2020 (7) | 2.90 | -9.09 | 33.69 | 8.61 | 4.78 | 3.46 | 2.45 | 20.35 | 4.99 | 6.17 | 4.00 | 8.7 | 7.62 | -9.18 | 4.86 | -11.48 | 1.18 | -18.62 | 9.24 | 11.86 | 63.72 | 8.29 | 95.67 | -2.76 | 4.33 | 167.73 | 4.40 | -21.33 | 26.31 | 25.17 |
| 2019 (6) | 3.19 | -18.62 | 31.02 | -9.77 | 4.62 | -13.48 | 2.04 | 46.2 | 4.70 | -22.82 | 3.68 | -27.56 | 8.39 | -9.2 | 5.49 | -11.17 | 1.45 | 21.85 | 8.26 | -4.29 | 58.84 | 4.42 | 98.38 | 12.09 | 1.62 | -86.76 | 5.60 | 9.42 | 21.02 | -3.67 |
| 2018 (5) | 3.92 | -25.62 | 34.38 | -1.43 | 5.34 | -38.41 | 1.39 | 24.15 | 6.09 | -21.22 | 5.08 | -14.33 | 9.24 | -23.26 | 6.18 | -27.97 | 1.19 | -16.2 | 8.63 | -21.76 | 56.35 | 15.45 | 87.77 | -21.86 | 12.23 | 0 | 5.11 | 0 | 21.82 | 13.06 |
| 2017 (4) | 5.27 | -19.79 | 34.88 | -17.58 | 8.67 | -27.87 | 1.12 | -7.06 | 7.73 | -36.12 | 5.93 | -44.68 | 12.04 | -34.74 | 8.58 | -37.14 | 1.42 | 12.7 | 11.03 | -29.61 | 48.81 | 32.89 | 112.33 | 13.11 | -12.11 | 0 | 0.00 | 0 | 19.30 | -15.13 |
| 2016 (3) | 6.57 | 5.97 | 42.32 | -0.7 | 12.02 | 8.0 | 1.21 | -13.77 | 12.10 | -1.14 | 10.72 | 0.19 | 18.45 | 7.83 | 13.65 | 5.57 | 1.26 | 5.0 | 15.67 | -3.51 | 36.73 | 3.82 | 99.31 | 9.22 | 0.69 | -92.41 | 0.00 | 0 | 22.74 | -7.86 |
| 2015 (2) | 6.20 | 23.75 | 42.62 | -0.28 | 11.13 | 10.75 | 1.40 | -4.45 | 12.24 | 9.19 | 10.70 | 14.81 | 17.11 | 18.74 | 12.93 | 20.17 | 1.20 | 5.26 | 16.24 | 10.33 | 35.38 | 14.8 | 90.93 | 1.49 | 9.07 | -12.86 | 0.00 | 0 | 24.68 | -2.72 |
| 2014 (1) | 5.01 | -51.26 | 42.74 | 0 | 10.05 | 0 | 1.47 | 20.64 | 11.21 | 0 | 9.32 | 0 | 14.41 | 0 | 10.76 | 0 | 1.14 | -17.99 | 14.72 | -37.65 | 30.82 | -22.68 | 89.59 | -5.98 | 10.41 | 120.93 | 0.00 | 0 | 25.37 | 33.88 |
