- 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) | 0.63 | 6.78 | -66.13 | 53.25 | 1.51 | -14.33 | 6.84 | 1268.0 | -46.6 | 10.10 | 23.17 | -59.57 | 8.08 | -10.12 | -69.91 | 1.53 | 5.52 | -66.74 | 0.94 | 9.3 | -60.83 | 0.11 | 22.22 | 22.22 | 14.01 | 9.28 | -51.95 | 64.99 | -18.95 | -24.63 | 68.09 | 989.36 | 33.6 | 31.91 | -65.96 | -33.62 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.59 | -15.71 | 227.78 | 52.46 | 14.67 | -10.72 | 0.50 | 104.31 | -88.74 | 8.20 | 244.54 | -4.43 | 8.99 | -28.71 | 216.55 | 1.45 | -12.65 | 222.22 | 0.86 | -13.13 | 218.52 | 0.09 | 28.57 | 12.5 | 12.82 | 63.73 | -1.38 | 80.19 | -2.18 | -23.65 | 6.25 | 101.32 | -88.24 | 93.75 | -83.7 | 87.5 | 26.56 | -26.91 | -14.43 |
| 24Q1 (18) | 0.70 | -75.78 | 118.75 | 45.75 | -20.25 | -17.58 | -11.60 | -135.41 | -224.6 | 2.38 | -91.05 | -60.73 | 12.61 | -40.12 | 160.0 | 1.66 | -75.33 | 124.32 | 0.99 | -74.02 | 125.0 | 0.07 | -61.11 | -12.5 | 7.83 | -72.77 | -22.32 | 81.98 | 11.92 | -20.96 | -475.00 | -484.94 | -408.11 | 575.00 | 2557.84 | 1161.54 | 36.34 | 132.35 | 20.01 |
| 23Q4 (17) | 2.89 | 55.38 | -23.34 | 57.37 | -7.71 | -1.83 | 32.76 | 155.74 | 12.38 | 26.59 | 6.45 | 8.53 | 21.06 | -21.56 | -6.4 | 6.73 | 46.3 | -18.42 | 3.81 | 58.75 | -14.38 | 0.18 | 100.0 | -10.0 | 28.75 | -1.41 | 9.94 | 73.25 | -15.05 | -4.8 | 123.39 | 142.13 | 3.96 | -23.39 | -148.66 | -22.45 | 15.64 | -48.86 | 10.69 |
| 23Q3 (16) | 1.86 | 933.33 | -56.54 | 62.16 | 5.79 | 12.14 | 12.81 | 188.51 | -45.37 | 24.98 | 191.14 | -26.79 | 26.85 | 845.42 | -1.61 | 4.60 | 922.22 | -55.25 | 2.40 | 788.89 | -53.12 | 0.09 | 12.5 | -52.63 | 29.16 | 124.31 | -18.59 | 86.23 | -17.9 | -12.62 | 50.96 | -4.07 | -25.87 | 48.08 | -3.85 | 53.85 | 30.58 | -1.48 | 60.52 |
| 23Q2 (15) | 0.18 | -43.75 | -94.39 | 58.76 | 5.85 | 1.49 | 4.44 | -52.31 | -82.95 | 8.58 | 41.58 | -73.53 | 2.84 | -41.44 | -88.54 | 0.45 | -39.19 | -94.69 | 0.27 | -38.64 | -93.49 | 0.08 | 0.0 | -52.94 | 13.00 | 28.97 | -62.12 | 105.03 | 1.26 | -1.51 | 53.12 | -65.54 | -33.99 | 50.00 | 192.31 | 156.12 | 31.04 | 2.51 | 57.64 |
| 23Q1 (14) | 0.32 | -91.51 | -75.19 | 55.51 | -5.01 | 9.96 | 9.31 | -68.06 | 8.38 | 6.06 | -75.27 | -72.78 | 4.85 | -78.44 | -72.75 | 0.74 | -91.03 | -78.11 | 0.44 | -90.11 | -76.09 | 0.08 | -60.0 | -20.0 | 10.08 | -61.45 | -60.5 | 103.72 | 34.81 | 0.07 | 154.17 | 29.88 | 304.17 | -54.17 | -183.51 | -189.05 | 30.28 | 114.3 | 6.21 |
| 22Q4 (13) | 3.77 | -11.92 | 36.59 | 58.44 | 5.43 | 18.85 | 29.15 | 24.31 | 27.35 | 24.50 | -28.19 | 5.42 | 22.50 | -17.55 | 27.48 | 8.25 | -19.75 | 16.36 | 4.45 | -13.09 | 8.01 | 0.20 | 5.26 | -13.04 | 26.15 | -27.0 | 5.61 | 76.94 | -22.03 | 11.69 | 118.70 | 72.65 | 20.36 | -19.11 | -161.14 | -1488.35 | 14.13 | -25.83 | -19.85 |
| 22Q3 (12) | 4.28 | 33.33 | 63.98 | 55.43 | -4.27 | -0.93 | 23.45 | -9.95 | -4.91 | 34.12 | 5.24 | 37.36 | 27.29 | 10.13 | 39.45 | 10.28 | 21.23 | 42.98 | 5.12 | 23.37 | 32.64 | 0.19 | 11.76 | -5.0 | 35.82 | 4.37 | 34.81 | 98.68 | -7.46 | 28.67 | 68.75 | -14.57 | -30.9 | 31.25 | 60.08 | 6087.5 | 19.05 | -3.25 | 5.89 |
| 22Q2 (11) | 3.21 | 148.84 | 121.38 | 57.90 | 14.7 | 13.11 | 26.04 | 203.14 | 45.72 | 32.42 | 45.64 | 106.63 | 24.78 | 39.21 | 68.69 | 8.48 | 150.89 | 100.0 | 4.15 | 125.54 | 91.24 | 0.17 | 70.0 | 13.33 | 34.32 | 34.48 | 89.61 | 106.64 | 2.88 | 8.37 | 80.48 | 110.98 | -29.39 | 19.52 | -67.9 | 239.66 | 19.69 | -30.94 | -5.43 |
| 22Q1 (10) | 1.29 | -53.26 | 89.71 | 50.48 | 2.66 | 18.36 | 8.59 | -62.47 | 11.7 | 22.26 | -4.22 | 98.93 | 17.80 | 0.85 | 91.4 | 3.38 | -52.33 | 76.04 | 1.84 | -55.34 | 75.24 | 0.10 | -56.52 | -9.09 | 25.52 | 3.07 | 76.61 | 103.65 | 50.46 | 8.74 | 38.14 | -61.32 | -45.03 | 60.82 | 4319.93 | 98.69 | 28.51 | 61.71 | 13.86 |
| 21Q4 (9) | 2.76 | 5.75 | 36.63 | 49.17 | -12.12 | -6.65 | 22.89 | -7.18 | -10.09 | 23.24 | -6.44 | 21.74 | 17.65 | -9.81 | 17.12 | 7.09 | -1.39 | 25.04 | 4.12 | 6.74 | 33.33 | 0.23 | 15.0 | 15.0 | 24.76 | -6.81 | 19.21 | 68.89 | -10.17 | -11.55 | 98.62 | -0.88 | -25.91 | 1.38 | 172.48 | 104.16 | 17.63 | -2.0 | 5.0 |
| 21Q3 (8) | 2.61 | 80.0 | 47.46 | 55.95 | 9.3 | 45.06 | 24.66 | 38.0 | 47.14 | 24.84 | 58.32 | 76.55 | 19.57 | 33.22 | 40.89 | 7.19 | 69.58 | 36.69 | 3.86 | 77.88 | 46.21 | 0.20 | 33.33 | 5.26 | 26.57 | 46.8 | 66.58 | 76.69 | -22.06 | -16.32 | 99.49 | -12.71 | -16.05 | 0.51 | 103.61 | 102.6 | 17.99 | -13.59 | 21.72 |
| 21Q2 (7) | 1.45 | 113.24 | 190.0 | 51.19 | 20.02 | 2.18 | 17.87 | 132.38 | 47.08 | 15.69 | 40.21 | 59.45 | 14.69 | 57.96 | 140.03 | 4.24 | 120.83 | 175.32 | 2.17 | 106.67 | 193.24 | 0.15 | 36.36 | 36.36 | 18.10 | 25.26 | 40.75 | 98.40 | 3.23 | -12.38 | 113.98 | 64.26 | -8.82 | -13.98 | -145.66 | 39.0 | 20.82 | -16.85 | 0 |
| 21Q1 (6) | 0.68 | -66.34 | 351.85 | 42.65 | -19.02 | -1.0 | 7.69 | -69.8 | 130.04 | 11.19 | -41.38 | 173.91 | 9.30 | -38.29 | 241.98 | 1.92 | -66.14 | 343.04 | 1.05 | -66.02 | 400.0 | 0.11 | -45.0 | 83.33 | 14.45 | -30.43 | 253.89 | 95.32 | 22.38 | -25.85 | 69.39 | -47.87 | -59.25 | 30.61 | 192.44 | 143.56 | 25.04 | 49.14 | -43.71 |
| 20Q4 (5) | 2.02 | 14.12 | 529.79 | 52.67 | 36.56 | 23.96 | 25.46 | 51.91 | 720.98 | 19.09 | 35.68 | 217.84 | 15.07 | 8.5 | 339.59 | 5.67 | 7.79 | 539.53 | 3.09 | 17.05 | 561.19 | 0.20 | 5.26 | 81.82 | 20.77 | 30.22 | 255.93 | 77.89 | -15.01 | -7.54 | 133.12 | 12.32 | 432.47 | -33.12 | -70.32 | -144.16 | 16.79 | 13.6 | -36.93 |
| 20Q3 (4) | 1.77 | 254.0 | 0.0 | 38.57 | -23.01 | 0.0 | 16.76 | 37.94 | 0.0 | 14.07 | 42.99 | 0.0 | 13.89 | 126.96 | 0.0 | 5.26 | 241.56 | 0.0 | 2.64 | 256.76 | 0.0 | 0.19 | 72.73 | 0.0 | 15.95 | 24.03 | 0.0 | 91.65 | -18.39 | 0.0 | 118.52 | -5.19 | 0.0 | -19.44 | 15.15 | 0.0 | 14.78 | 0 | 0.0 |
| 20Q2 (3) | 0.50 | 285.19 | 0.0 | 50.10 | 16.3 | 0.0 | 12.15 | 147.46 | 0.0 | 9.84 | 164.99 | 0.0 | 6.12 | 193.44 | 0.0 | 1.54 | 294.94 | 0.0 | 0.74 | 311.43 | 0.0 | 0.11 | 83.33 | 0.0 | 12.86 | 236.95 | 0.0 | 112.30 | -12.64 | 0.0 | 125.00 | -26.59 | 0.0 | -22.92 | 67.39 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.27 | 42.55 | 0.0 | 43.08 | 1.39 | 0.0 | -25.60 | -524.39 | 0.0 | -15.14 | 6.54 | 0.0 | -6.55 | -4.13 | 0.0 | -0.79 | 38.76 | 0.0 | -0.35 | 47.76 | 0.0 | 0.06 | -45.45 | 0.0 | -9.39 | 29.5 | 0.0 | 128.55 | 52.6 | 0.0 | 170.27 | 581.08 | 0.0 | -70.27 | -193.69 | 0.0 | 44.48 | 67.09 | 0.0 |
| 19Q4 (1) | -0.47 | 0.0 | 0.0 | 42.49 | 0.0 | 0.0 | -4.10 | 0.0 | 0.0 | -16.20 | 0.0 | 0.0 | -6.29 | 0.0 | 0.0 | -1.29 | 0.0 | 0.0 | -0.67 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | -13.32 | 0.0 | 0.0 | 84.24 | 0.0 | 0.0 | 25.00 | 0.0 | 0.0 | 75.00 | 0.0 | 0.0 | 26.62 | 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) | 5.25 | -58.17 | 58.25 | 3.45 | 18.70 | -21.59 | 2.74 | 65.71 | 18.82 | -35.1 | 15.63 | -34.44 | 11.43 | -59.92 | 6.73 | -59.46 | 0.42 | -39.13 | 22.24 | -28.1 | 73.25 | -4.8 | 99.47 | 20.93 | 0.79 | -95.53 | 0.04 | -26.91 | 24.51 | 29.34 |
| 2022 (9) | 12.55 | 67.33 | 56.31 | 11.44 | 23.85 | 19.67 | 1.65 | -13.94 | 29.00 | 43.71 | 23.84 | 46.71 | 28.52 | 46.86 | 16.60 | 47.16 | 0.69 | 0.0 | 30.93 | 39.14 | 76.94 | 11.69 | 82.26 | -16.55 | 17.74 | 1314.43 | 0.06 | -18.97 | 18.95 | -3.27 |
| 2021 (8) | 7.50 | 86.1 | 50.53 | 8.85 | 19.93 | 39.18 | 1.92 | -9.81 | 20.18 | 70.73 | 16.25 | 55.06 | 19.42 | 74.48 | 11.28 | 79.62 | 0.69 | 16.95 | 22.23 | 55.56 | 68.89 | -11.55 | 98.57 | -18.76 | 1.25 | 0 | 0.07 | 44.2 | 19.59 | -2.44 |
| 2020 (7) | 4.03 | -33.83 | 46.42 | -1.55 | 14.32 | 47.02 | 2.13 | 25.38 | 11.82 | -32.88 | 10.48 | -30.5 | 11.13 | -37.37 | 6.28 | -33.47 | 0.59 | -4.84 | 14.29 | -27.17 | 77.89 | -7.54 | 121.32 | 119.41 | -21.32 | 0 | 0.05 | -33.3 | 20.08 | -7.68 |
| 2019 (6) | 6.09 | 27.67 | 47.15 | 16.3 | 9.74 | -12.25 | 1.70 | 340.66 | 17.61 | 52.2 | 15.08 | 61.28 | 17.77 | 16.45 | 9.44 | 20.72 | 0.62 | -25.3 | 19.62 | 61.75 | 84.24 | -13.67 | 55.29 | -42.47 | 44.71 | 1049.58 | 0.08 | -25.61 | 21.75 | 29.7 |
| 2018 (5) | 4.77 | 73.45 | 40.54 | 6.49 | 11.10 | -3.31 | 0.39 | 35.08 | 11.57 | 53.86 | 9.35 | 55.06 | 15.26 | 68.62 | 7.82 | 67.45 | 0.83 | 12.16 | 12.13 | 47.39 | 97.58 | 1.3 | 96.11 | -37.02 | 3.89 | 0 | 0.10 | 0 | 16.77 | 12.63 |
| 2017 (4) | 2.75 | -32.27 | 38.07 | -22.42 | 11.48 | -27.75 | 0.29 | -17.81 | 7.52 | -50.66 | 6.03 | -50.98 | 9.05 | -32.76 | 4.67 | -40.51 | 0.74 | 17.46 | 8.23 | -48.75 | 96.33 | -11.01 | 152.61 | 46.43 | -52.61 | 0 | 0.00 | 0 | 14.89 | -23.52 |
| 2016 (3) | 4.06 | 32.68 | 49.07 | -5.85 | 15.89 | 18.14 | 0.35 | -29.78 | 15.24 | -3.24 | 12.30 | -6.82 | 13.46 | 23.49 | 7.85 | 0.51 | 0.63 | 8.62 | 16.06 | -4.4 | 108.25 | 178.28 | 104.22 | 21.68 | -4.22 | 0 | 0.00 | 0 | 19.47 | -17.99 |
| 2015 (2) | 3.06 | 52.24 | 52.12 | 22.2 | 13.45 | 159.15 | 0.49 | -17.17 | 15.75 | 77.77 | 13.20 | 62.76 | 10.90 | 39.74 | 7.81 | 45.44 | 0.58 | -9.38 | 16.80 | 69.01 | 38.90 | -14.28 | 85.65 | 47.14 | 14.80 | -63.95 | 0.00 | 0 | 23.74 | 0.0 |
| 2014 (1) | 2.01 | 0 | 42.65 | 0 | 5.19 | 0 | 0.60 | -24.02 | 8.86 | 0 | 8.11 | 0 | 7.80 | 0 | 5.37 | 0 | 0.64 | 12.28 | 9.94 | 0 | 45.38 | -17.22 | 58.21 | -60.93 | 41.04 | 0 | 0.00 | 0 | 23.74 | -8.2 |
