- 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) | 0.27 | -52.63 | 12.5 | 47.16 | 5.27 | 26.03 | 10.20 | -10.21 | 134.48 | 7.70 | -54.14 | 7.24 | 6.43 | -55.25 | 4.89 | 1.20 | -60.26 | -2.44 | 0.96 | -58.44 | 12.94 | 0.15 | -6.25 | 7.14 | 12.16 | -41.59 | 10.75 | 20.32 | -36.82 | -37.92 | 135.29 | 98.11 | 121.39 | -35.29 | -211.31 | -190.76 | 30.88 | 1.35 | 10.6 |
| 24Q2 (19) | 0.57 | -36.67 | -38.04 | 44.80 | -13.5 | -7.8 | 11.36 | -37.86 | -41.47 | 16.79 | -30.01 | -24.2 | 14.37 | -30.0 | -21.73 | 3.02 | -36.95 | -36.95 | 2.31 | -38.4 | -21.96 | 0.16 | -11.11 | 0.0 | 20.82 | -24.59 | -17.25 | 32.16 | 4.89 | -47.27 | 68.29 | -10.8 | -21.46 | 31.71 | 35.28 | 143.09 | 30.47 | 1.4 | 23.21 |
| 24Q1 (18) | 0.90 | 170.87 | -15.89 | 51.79 | 438.28 | 13.13 | 18.28 | 147.82 | -10.48 | 23.99 | 161.73 | 8.4 | 20.53 | 162.67 | 5.66 | 4.79 | 171.49 | -8.41 | 3.75 | 172.39 | 2.46 | 0.18 | 12.5 | -5.26 | 27.61 | 179.25 | 10.13 | 30.66 | 19.81 | -51.48 | 76.56 | -21.79 | -16.88 | 23.44 | 1013.28 | 196.88 | 30.05 | 107.24 | 30.37 |
| 23Q4 (17) | -1.27 | -629.17 | -286.76 | -15.31 | -140.91 | -128.35 | -38.23 | -978.85 | -306.87 | -38.86 | -641.23 | -316.25 | -32.76 | -634.42 | -311.35 | -6.70 | -644.72 | -327.89 | -5.18 | -709.41 | -326.2 | 0.16 | 14.29 | 6.67 | -34.84 | -417.3 | -256.16 | 25.59 | -21.81 | -2.66 | 97.89 | 60.19 | -4.14 | 2.11 | -94.59 | 198.95 | 14.50 | -48.07 | -50.46 |
| 23Q3 (16) | 0.24 | -73.91 | -71.43 | 37.42 | -22.99 | -29.65 | 4.35 | -77.59 | -78.26 | 7.18 | -67.58 | -67.3 | 6.13 | -66.61 | -68.82 | 1.23 | -74.32 | -70.0 | 0.85 | -71.28 | -69.96 | 0.14 | -12.5 | 0.0 | 10.98 | -56.36 | -56.7 | 32.73 | -46.34 | 9.5 | 61.11 | -29.72 | -32.22 | 38.89 | 198.15 | 374.44 | 27.92 | 12.9 | -3.46 |
| 23Q2 (15) | 0.92 | -14.02 | -39.87 | 48.59 | 6.14 | -8.34 | 19.41 | -4.95 | -28.85 | 22.15 | 0.09 | -19.86 | 18.36 | -5.51 | -21.47 | 4.79 | -8.41 | -36.97 | 2.96 | -19.13 | -36.21 | 0.16 | -15.79 | -20.0 | 25.16 | 0.36 | -15.8 | 60.99 | -3.48 | -0.07 | 86.96 | -5.59 | -12.26 | 13.04 | 65.22 | 1360.87 | 24.73 | 7.29 | 3.6 |
| 23Q1 (14) | 1.07 | 57.35 | -51.8 | 45.78 | -15.22 | -17.11 | 20.42 | 10.5 | -37.03 | 22.13 | 23.15 | -34.95 | 19.43 | 25.35 | -32.32 | 5.23 | 77.89 | -51.17 | 3.66 | 59.83 | -49.03 | 0.19 | 26.67 | -24.0 | 25.07 | 12.37 | -30.32 | 63.19 | 140.36 | -5.59 | 92.11 | -9.81 | -3.14 | 7.89 | 471.05 | 60.86 | 23.05 | -21.25 | 4.63 |
| 22Q4 (13) | 0.68 | -19.05 | -35.24 | 54.00 | 1.52 | 10.41 | 18.48 | -7.65 | -10.72 | 17.97 | -18.17 | -15.4 | 15.50 | -21.16 | -11.83 | 2.94 | -28.29 | -38.24 | 2.29 | -19.08 | -35.85 | 0.15 | 7.14 | -25.0 | 22.31 | -12.03 | -7.43 | 26.29 | -12.04 | -21.99 | 102.13 | 13.27 | 4.85 | -2.13 | -125.96 | -181.91 | 29.27 | 1.21 | 24.34 |
| 22Q3 (12) | 0.84 | -45.1 | -54.84 | 53.19 | 0.34 | -0.04 | 20.01 | -26.65 | -32.74 | 21.96 | -20.55 | -25.79 | 19.66 | -15.91 | -21.04 | 4.10 | -46.05 | -55.29 | 2.83 | -39.01 | -56.26 | 0.14 | -30.0 | -46.15 | 25.36 | -15.13 | -20.28 | 29.89 | -51.02 | -9.67 | 90.16 | -9.02 | -10.49 | 8.20 | 818.03 | 1214.75 | 28.92 | 21.16 | 36.03 |
| 22Q2 (11) | 1.53 | -31.08 | -27.14 | 53.01 | -4.02 | -4.38 | 27.28 | -15.88 | -14.32 | 27.64 | -18.75 | -13.08 | 23.38 | -18.56 | -14.2 | 7.60 | -29.04 | -31.47 | 4.64 | -35.38 | -37.04 | 0.20 | -20.0 | -25.93 | 29.88 | -16.95 | -12.63 | 61.03 | -8.82 | 18.78 | 99.11 | 4.22 | -0.89 | 0.89 | -81.81 | 0 | 23.87 | 8.35 | 10.71 |
| 22Q1 (10) | 2.22 | 111.43 | 89.74 | 55.23 | 12.92 | 10.2 | 32.43 | 56.67 | 40.15 | 34.02 | 60.17 | 40.81 | 28.71 | 63.31 | 37.9 | 10.71 | 125.0 | 72.19 | 7.18 | 101.12 | 61.35 | 0.25 | 25.0 | 19.05 | 35.98 | 49.29 | 31.41 | 66.93 | 98.61 | 34.07 | 95.09 | -2.37 | -1.25 | 4.91 | 88.96 | 32.52 | 22.03 | -6.41 | -11.1 |
| 21Q4 (9) | 1.05 | -43.55 | 81.03 | 48.91 | -8.08 | 3.98 | 20.70 | -30.42 | 42.37 | 21.24 | -28.22 | 54.92 | 17.58 | -29.4 | 49.36 | 4.76 | -48.09 | 63.57 | 3.57 | -44.82 | 61.54 | 0.20 | -23.08 | 5.26 | 24.10 | -24.24 | 30.98 | 33.70 | 1.84 | 8.78 | 97.40 | -3.31 | -7.24 | 2.60 | 453.25 | 151.95 | 23.54 | 10.72 | -7.9 |
| 21Q3 (8) | 1.86 | -11.43 | 95.79 | 53.21 | -4.02 | 4.09 | 29.75 | -6.56 | 38.31 | 29.59 | -6.95 | 38.59 | 24.90 | -8.62 | 35.4 | 9.17 | -17.31 | 76.69 | 6.47 | -12.21 | 77.75 | 0.26 | -3.7 | 30.0 | 31.81 | -6.99 | 25.63 | 33.09 | -35.6 | 0.79 | 100.74 | 0.74 | 0.74 | -0.74 | 0 | 50.0 | 21.26 | -1.39 | -14.65 |
| 21Q2 (7) | 2.10 | 79.49 | 65.35 | 55.44 | 10.61 | 0.27 | 31.84 | 37.6 | 19.12 | 31.80 | 31.62 | 19.19 | 27.25 | 30.88 | 18.74 | 11.09 | 78.3 | 53.81 | 7.37 | 65.62 | 55.81 | 0.27 | 28.57 | 28.57 | 34.20 | 24.91 | 14.34 | 51.38 | 2.92 | -4.02 | 100.00 | 3.85 | -1.12 | 0.00 | -100.0 | 0 | 21.56 | -12.99 | 0 |
| 21Q1 (6) | 1.17 | 101.72 | 9.35 | 50.12 | 6.55 | -11.88 | 23.14 | 59.15 | -5.9 | 24.16 | 76.22 | -6.47 | 20.82 | 76.89 | -5.41 | 6.22 | 113.75 | 5.96 | 4.45 | 101.36 | 5.7 | 0.21 | 10.53 | 10.53 | 27.38 | 48.8 | -6.9 | 49.92 | 61.14 | -3.42 | 96.30 | -8.29 | 1.72 | 3.70 | 174.07 | -30.56 | 24.78 | -3.05 | -9.66 |
| 20Q4 (5) | 0.58 | -38.95 | 75.76 | 47.04 | -7.98 | -18.5 | 14.54 | -32.4 | -42.82 | 13.71 | -35.78 | 103.71 | 11.77 | -36.0 | 293.65 | 2.91 | -43.93 | 282.89 | 2.21 | -39.29 | 268.33 | 0.19 | -5.0 | -5.0 | 18.40 | -27.33 | 59.17 | 30.98 | -5.64 | 7.46 | 105.00 | 5.0 | -72.0 | -5.00 | -240.0 | 98.18 | 25.56 | 2.61 | 6.72 |
| 20Q3 (4) | 0.95 | -25.2 | 0.0 | 51.12 | -7.54 | 0.0 | 21.51 | -19.53 | 0.0 | 21.35 | -19.98 | 0.0 | 18.39 | -19.87 | 0.0 | 5.19 | -28.02 | 0.0 | 3.64 | -23.04 | 0.0 | 0.20 | -4.76 | 0.0 | 25.32 | -15.35 | 0.0 | 32.83 | -38.67 | 0.0 | 100.00 | -1.12 | 0.0 | -1.47 | 0 | 0.0 | 24.91 | 0 | 0.0 |
| 20Q2 (3) | 1.27 | 18.69 | 0.0 | 55.29 | -2.8 | 0.0 | 26.73 | 8.7 | 0.0 | 26.68 | 3.29 | 0.0 | 22.95 | 4.27 | 0.0 | 7.21 | 22.83 | 0.0 | 4.73 | 12.35 | 0.0 | 0.21 | 10.53 | 0.0 | 29.91 | 1.7 | 0.0 | 53.53 | 3.56 | 0.0 | 101.14 | 6.83 | 0.0 | -0.00 | -100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 1.07 | 224.24 | 0.0 | 56.88 | -1.46 | 0.0 | 24.59 | -3.3 | 0.0 | 25.83 | 283.8 | 0.0 | 22.01 | 636.12 | 0.0 | 5.87 | 672.37 | 0.0 | 4.21 | 601.67 | 0.0 | 0.19 | -5.0 | 0.0 | 29.41 | 154.41 | 0.0 | 51.69 | 79.29 | 0.0 | 94.67 | -74.76 | 0.0 | 5.33 | 101.94 | 0.0 | 27.43 | 14.53 | 0.0 |
| 19Q4 (1) | 0.33 | 0.0 | 0.0 | 57.72 | 0.0 | 0.0 | 25.43 | 0.0 | 0.0 | 6.73 | 0.0 | 0.0 | 2.99 | 0.0 | 0.0 | 0.76 | 0.0 | 0.0 | 0.60 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 11.56 | 0.0 | 0.0 | 28.83 | 0.0 | 0.0 | 375.00 | 0.0 | 0.0 | -275.00 | 0.0 | 0.0 | 23.95 | 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) | 0.97 | -81.05 | 31.71 | -41.26 | 4.17 | -83.96 | 1.84 | 18.5 | 5.90 | -78.08 | 5.14 | -77.66 | 4.62 | -80.49 | 3.70 | -79.7 | 0.71 | -10.13 | 9.27 | -68.76 | 25.59 | -2.66 | 71.64 | -25.83 | 29.85 | 777.15 | 0.00 | 0 | 22.73 | -9.87 |
| 2022 (9) | 5.12 | -15.79 | 53.98 | 3.33 | 25.99 | -3.56 | 1.55 | 8.86 | 26.92 | -1.1 | 23.01 | -0.3 | 23.68 | -19.07 | 18.23 | -17.55 | 0.79 | -17.71 | 29.67 | -0.37 | 26.29 | -21.99 | 96.60 | -2.29 | 3.40 | 274.35 | 0.00 | 0 | 25.22 | 11.64 |
| 2021 (8) | 6.08 | 56.7 | 52.24 | -0.76 | 26.95 | 22.44 | 1.42 | -20.77 | 27.22 | 23.45 | 23.08 | 21.99 | 29.26 | 47.18 | 22.11 | 44.32 | 0.96 | 18.52 | 29.78 | 14.98 | 33.70 | 8.78 | 98.86 | -0.77 | 0.91 | 145.45 | 0.00 | 0 | 22.59 | -12.2 |
| 2020 (7) | 3.88 | 17.93 | 52.64 | -8.0 | 22.01 | -2.57 | 1.80 | -6.29 | 22.05 | 16.91 | 18.92 | 25.63 | 19.88 | 33.07 | 15.32 | 28.74 | 0.81 | 2.53 | 25.90 | 6.85 | 30.98 | 7.46 | 99.63 | -16.91 | 0.37 | 0 | 0.00 | 0 | 25.73 | -4.06 |
| 2019 (6) | 3.29 | -0.9 | 57.22 | 3.3 | 22.59 | 15.08 | 1.92 | 416.43 | 18.86 | -12.36 | 15.06 | -16.75 | 14.94 | -9.67 | 11.90 | -11.92 | 0.79 | 5.33 | 24.24 | -1.1 | 28.83 | 26.28 | 119.91 | 31.84 | -19.91 | 0 | 0.00 | 0 | 26.82 | -4.62 |
| 2018 (5) | 3.32 | -5.41 | 55.39 | 1.17 | 19.63 | -8.82 | 0.37 | 113.18 | 21.52 | 1.41 | 18.09 | -1.58 | 16.54 | -6.18 | 13.51 | -4.93 | 0.75 | -2.6 | 24.51 | 9.08 | 22.83 | 3.54 | 90.95 | -10.16 | 8.62 | 0 | 3.64 | 0 | 28.12 | 9.25 |
| 2017 (4) | 3.51 | 1.45 | 54.75 | 19.57 | 21.53 | 23.95 | 0.17 | -28.28 | 21.22 | 19.95 | 18.38 | 14.59 | 17.63 | 7.11 | 14.21 | 8.89 | 0.77 | -4.94 | 22.47 | 15.65 | 22.05 | -15.06 | 101.23 | 3.12 | -1.64 | 0 | 0.00 | 0 | 25.74 | 21.42 |
| 2016 (3) | 3.46 | -15.61 | 45.79 | -19.11 | 17.37 | -25.19 | 0.24 | -18.87 | 17.69 | -29.94 | 16.04 | -27.39 | 16.46 | -9.86 | 13.05 | -9.94 | 0.81 | 24.62 | 19.43 | -31.2 | 25.96 | -2.15 | 98.17 | 6.59 | 1.83 | -76.79 | 0.00 | 0 | 21.20 | -17.83 |
| 2015 (2) | 4.10 | -8.69 | 56.61 | -7.29 | 23.22 | -5.69 | 0.30 | 0.9 | 25.25 | -5.78 | 22.09 | -5.8 | 18.26 | -1.35 | 14.49 | 1.19 | 0.65 | 6.56 | 28.24 | -6.71 | 26.53 | -0.04 | 92.09 | 0.23 | 7.91 | -2.62 | 0.00 | 0 | 25.80 | 3.99 |
| 2014 (1) | 4.49 | -47.91 | 61.06 | 0 | 24.62 | 0 | 0.30 | 51.83 | 26.80 | 0 | 23.45 | 0 | 18.51 | 0 | 14.32 | 0 | 0.61 | -40.2 | 30.27 | -18.19 | 26.54 | -18.86 | 91.88 | -3.0 | 8.12 | 53.95 | 0.00 | 0 | 24.81 | 28.02 |
