- 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) | 0.59 | -61.18 | -72.43 | 50.16 | -9.16 | -10.81 | 10.04 | -51.19 | -53.6 | 11.58 | -65.81 | -68.52 | 8.70 | -67.0 | -70.12 | 0.61 | -63.69 | -73.82 | 0.54 | -61.97 | -73.66 | 0.06 | 20.0 | -14.29 | 13.83 | -62.48 | -64.79 | 12.53 | -28.93 | -4.93 | 87.50 | 44.92 | 48.75 | 12.50 | -67.68 | -69.64 | 35.03 | -11.41 | 8.49 |
| 24Q2 (19) | 1.52 | 204.0 | -57.89 | 55.22 | 2.16 | -12.07 | 20.57 | 372.81 | -33.45 | 33.87 | 143.84 | -1.43 | 26.36 | 134.1 | -5.65 | 1.68 | 180.0 | -58.72 | 1.42 | 167.92 | -56.04 | 0.05 | 0.0 | -58.33 | 36.86 | 110.15 | 1.63 | 17.63 | -6.67 | 18.24 | 60.38 | 211.7 | -32.88 | 38.68 | -74.89 | 284.86 | 39.54 | -9.23 | 59.37 |
| 24Q1 (18) | 0.50 | 216.28 | -85.71 | 54.05 | 12.39 | -14.18 | -7.54 | 0 | -121.13 | 13.89 | 198.09 | -60.76 | 11.26 | 221.34 | -60.63 | 0.60 | 242.86 | -88.48 | 0.53 | 243.24 | -85.94 | 0.05 | 25.0 | -61.54 | 17.54 | 279.9 | -53.43 | 18.89 | 67.32 | -59.88 | -54.05 | 0 | -153.49 | 154.05 | 54.05 | 14581.08 | 43.56 | -5.61 | 63.08 |
| 23Q4 (17) | -0.43 | -120.09 | -117.48 | 48.09 | -14.49 | -17.51 | 0.00 | -100.0 | -100.0 | -14.16 | -138.49 | -155.42 | -9.28 | -131.87 | -144.79 | -0.42 | -118.03 | -112.28 | -0.37 | -118.05 | -114.57 | 0.04 | -42.86 | -66.67 | -9.75 | -124.82 | -134.86 | 11.29 | -14.34 | -63.92 | -0.00 | -100.0 | -100.0 | 100.00 | 142.86 | 434.21 | 46.15 | 42.92 | 125.56 |
| 23Q3 (16) | 2.14 | -40.72 | -30.74 | 56.24 | -10.45 | -3.18 | 21.64 | -29.99 | -1.19 | 36.79 | 7.07 | -4.12 | 29.12 | 4.22 | -6.16 | 2.33 | -42.75 | -50.43 | 2.05 | -36.53 | -34.92 | 0.07 | -41.67 | -30.0 | 39.28 | 8.3 | -4.71 | 13.18 | -11.6 | -68.27 | 58.82 | -34.6 | 3.09 | 41.18 | 309.71 | -4.11 | 32.29 | 30.15 | 0.94 |
| 23Q2 (15) | 3.61 | 3.14 | -3.22 | 62.80 | -0.29 | 11.62 | 30.91 | -13.39 | -9.28 | 34.36 | -2.94 | -10.52 | 27.94 | -2.31 | -9.55 | 4.07 | -21.88 | -33.39 | 3.23 | -14.32 | -13.64 | 0.12 | -7.69 | 0.0 | 36.27 | -3.69 | -10.55 | 14.91 | -68.33 | -75.32 | 89.95 | -11.0 | 1.49 | 10.05 | 1044.72 | -11.64 | 24.81 | -7.11 | 1.06 |
| 23Q1 (14) | 3.50 | 42.28 | -14.0 | 62.98 | 8.03 | 7.82 | 35.69 | 7.53 | 18.57 | 35.40 | 38.55 | -3.96 | 28.60 | 38.03 | -3.48 | 5.21 | 52.34 | -18.72 | 3.77 | 48.43 | -6.45 | 0.13 | 8.33 | 0.0 | 37.66 | 34.64 | -3.31 | 47.08 | 50.46 | -31.72 | 101.06 | -22.21 | 23.58 | -1.06 | 96.44 | -105.84 | 26.71 | 30.55 | 5.36 |
| 22Q4 (13) | 2.46 | -20.39 | -34.57 | 58.30 | 0.36 | -0.46 | 33.19 | 51.55 | -1.13 | 25.55 | -33.41 | -24.16 | 20.72 | -33.23 | -22.16 | 3.42 | -27.23 | -40.83 | 2.54 | -19.37 | -35.37 | 0.12 | 20.0 | -20.0 | 27.97 | -32.14 | -21.87 | 31.29 | -24.68 | -40.32 | 129.92 | 127.7 | 30.53 | -29.92 | -169.68 | -6503.15 | 20.46 | -36.04 | -2.85 |
| 22Q3 (12) | 3.09 | -17.16 | -45.88 | 58.09 | 3.25 | -9.38 | 21.90 | -35.72 | -50.24 | 38.37 | -0.08 | -15.04 | 31.03 | 0.45 | -14.52 | 4.70 | -23.08 | -50.11 | 3.15 | -15.78 | -48.95 | 0.10 | -16.67 | -41.18 | 41.22 | 1.65 | -12.13 | 41.54 | -31.25 | -9.58 | 57.06 | -35.62 | -41.49 | 42.94 | 277.52 | 1628.38 | 31.99 | 30.31 | 43.39 |
| 22Q2 (11) | 3.73 | -8.35 | -11.61 | 56.26 | -3.68 | -6.42 | 34.07 | 13.19 | -11.14 | 38.40 | 4.18 | 12.31 | 30.89 | 4.25 | 18.81 | 6.11 | -4.68 | -17.32 | 3.74 | -7.2 | -17.8 | 0.12 | -7.69 | -29.41 | 40.55 | 4.11 | 13.71 | 60.42 | -12.37 | -1.24 | 88.63 | 8.37 | -20.75 | 11.37 | -37.58 | 192.89 | 24.55 | -3.16 | 24.75 |
| 22Q1 (10) | 4.07 | 8.24 | -15.38 | 58.41 | -0.27 | -7.87 | 30.10 | -10.34 | -22.7 | 36.86 | 9.41 | -4.28 | 29.63 | 11.31 | -4.26 | 6.41 | 10.9 | -24.41 | 4.03 | 2.54 | -27.26 | 0.13 | -13.33 | -27.78 | 38.95 | 8.8 | -2.41 | 68.95 | 31.51 | 5.07 | 81.78 | -17.84 | -19.14 | 18.22 | 3799.56 | 1709.63 | 25.35 | 20.37 | 20.31 |
| 21Q4 (9) | 3.76 | -34.15 | 19.37 | 58.57 | -8.63 | -2.43 | 33.57 | -23.72 | 5.97 | 33.69 | -25.4 | 20.71 | 26.62 | -26.67 | 9.95 | 5.78 | -38.64 | 9.26 | 3.93 | -36.3 | 7.38 | 0.15 | -11.76 | 0.0 | 35.80 | -23.68 | 19.89 | 52.43 | 14.13 | 24.12 | 99.53 | 2.07 | -12.34 | 0.47 | -81.19 | 103.45 | 21.06 | -5.6 | -0.33 |
| 21Q3 (8) | 5.71 | 35.31 | 184.08 | 64.10 | 6.62 | 7.69 | 44.01 | 14.79 | 63.97 | 45.16 | 32.09 | 95.67 | 36.30 | 39.62 | 102.23 | 9.42 | 27.47 | 175.44 | 6.17 | 35.6 | 176.68 | 0.17 | 0.0 | 41.67 | 46.91 | 31.55 | 85.34 | 45.94 | -24.91 | -5.41 | 97.52 | -12.81 | -16.2 | 2.48 | 120.29 | 115.18 | 22.31 | 13.36 | -10.83 |
| 21Q2 (7) | 4.22 | -12.27 | -10.4 | 60.12 | -5.17 | -10.8 | 38.34 | -1.54 | -9.45 | 34.19 | -11.22 | -9.38 | 26.00 | -15.99 | -14.67 | 7.39 | -12.85 | -22.37 | 4.55 | -17.87 | -17.27 | 0.17 | -5.56 | -5.56 | 35.66 | -10.65 | -8.56 | 61.18 | -6.77 | -0.71 | 111.84 | 10.58 | -0.63 | -12.24 | -981.63 | -0.72 | 19.68 | -6.6 | 37.82 |
| 21Q1 (6) | 4.81 | 52.7 | -9.25 | 63.40 | 5.61 | -2.18 | 38.94 | 22.92 | -3.83 | 38.51 | 37.98 | -6.73 | 30.95 | 27.84 | -6.72 | 8.48 | 60.3 | -28.44 | 5.54 | 51.37 | -21.42 | 0.18 | 20.0 | -14.29 | 39.91 | 33.66 | -6.25 | 65.62 | 55.35 | -27.46 | 101.13 | -10.93 | 2.95 | -1.13 | 91.64 | -164.08 | 21.07 | -0.28 | 11.3 |
| 20Q4 (5) | 3.15 | 56.72 | 58.29 | 60.03 | 0.86 | 6.23 | 31.68 | 18.03 | 21.89 | 27.91 | 20.93 | 48.93 | 24.21 | 34.87 | 26.75 | 5.29 | 54.68 | 22.45 | 3.66 | 64.13 | 27.08 | 0.15 | 25.0 | 0.0 | 29.86 | 17.98 | 44.46 | 42.24 | -13.03 | -13.81 | 113.55 | -2.42 | -18.48 | -13.55 | 17.2 | 65.51 | 21.13 | -15.55 | 47.56 |
| 20Q3 (4) | 2.01 | -57.32 | 0.0 | 59.52 | -11.69 | 0.0 | 26.84 | -36.61 | 0.0 | 23.08 | -38.83 | 0.0 | 17.95 | -41.09 | 0.0 | 3.42 | -64.08 | 0.0 | 2.23 | -59.45 | 0.0 | 0.12 | -33.33 | 0.0 | 25.31 | -35.1 | 0.0 | 48.57 | -21.18 | 0.0 | 116.36 | 3.39 | 0.0 | -16.36 | -34.6 | 0.0 | 25.02 | 75.21 | 0.0 |
| 20Q2 (3) | 4.71 | -11.13 | 0.0 | 67.40 | 4.0 | 0.0 | 42.34 | 4.57 | 0.0 | 37.73 | -8.62 | 0.0 | 30.47 | -8.17 | 0.0 | 9.52 | -19.66 | 0.0 | 5.50 | -21.99 | 0.0 | 0.18 | -14.29 | 0.0 | 39.00 | -8.39 | 0.0 | 61.62 | -31.88 | 0.0 | 112.55 | 14.57 | 0.0 | -12.16 | -788.08 | 0.0 | 14.28 | -24.56 | 0.0 |
| 20Q1 (2) | 5.30 | 166.33 | 0.0 | 64.81 | 14.69 | 0.0 | 40.49 | 55.79 | 0.0 | 41.29 | 120.33 | 0.0 | 33.18 | 73.72 | 0.0 | 11.85 | 174.31 | 0.0 | 7.05 | 144.79 | 0.0 | 0.21 | 40.0 | 0.0 | 42.57 | 105.95 | 0.0 | 90.46 | 84.57 | 0.0 | 98.23 | -29.47 | 0.0 | 1.77 | 104.5 | 0.0 | 18.93 | 32.19 | 0.0 |
| 19Q4 (1) | 1.99 | 0.0 | 0.0 | 56.51 | 0.0 | 0.0 | 25.99 | 0.0 | 0.0 | 18.74 | 0.0 | 0.0 | 19.10 | 0.0 | 0.0 | 4.32 | 0.0 | 0.0 | 2.88 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 20.67 | 0.0 | 0.0 | 49.01 | 0.0 | 0.0 | 139.29 | 0.0 | 0.0 | -39.29 | 0.0 | 0.0 | 14.32 | 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) | 8.21 | -38.5 | 59.34 | 2.74 | 26.03 | -13.64 | 2.39 | 16.59 | 28.75 | -17.65 | 23.44 | -16.73 | 10.07 | -49.17 | 8.52 | -39.49 | 0.36 | -28.0 | 31.23 | -16.05 | 11.29 | -63.92 | 90.51 | 4.79 | 9.49 | -30.37 | 0.00 | 0 | 30.00 | 18.16 |
| 2022 (9) | 13.35 | -27.88 | 57.76 | -6.25 | 30.14 | -22.44 | 2.05 | 40.64 | 34.91 | -8.13 | 28.15 | -6.32 | 19.81 | -33.3 | 14.08 | -30.4 | 0.50 | -25.37 | 37.20 | -6.23 | 31.29 | -40.32 | 86.38 | -15.56 | 13.62 | 0 | 0.00 | 0 | 25.39 | 20.73 |
| 2021 (8) | 18.51 | 23.24 | 61.61 | -2.79 | 38.86 | 7.23 | 1.45 | -0.34 | 38.00 | 13.26 | 30.05 | 10.07 | 29.70 | 5.51 | 20.23 | 4.01 | 0.67 | -5.63 | 39.67 | 12.86 | 52.43 | 24.12 | 102.30 | -5.35 | -2.30 | 0 | 0.00 | 0 | 21.03 | 8.74 |
| 2020 (7) | 15.02 | -24.94 | 63.38 | -1.64 | 36.24 | -13.9 | 1.46 | 54.65 | 33.55 | -18.94 | 27.30 | -19.89 | 28.15 | -29.96 | 19.45 | -27.04 | 0.71 | -8.97 | 35.15 | -17.16 | 42.24 | -13.81 | 108.08 | 6.37 | -8.08 | 0 | 0.00 | 0 | 19.34 | 0.1 |
| 2019 (6) | 20.01 | -34.24 | 64.44 | -7.45 | 42.09 | -17.32 | 0.94 | 226.33 | 41.39 | -20.6 | 34.08 | -18.9 | 40.19 | -43.73 | 26.66 | -45.03 | 0.78 | -32.17 | 42.43 | -19.04 | 49.01 | -7.28 | 101.61 | 4.05 | -1.71 | 0 | 0.30 | 0 | 19.32 | 18.82 |
| 2018 (5) | 30.43 | 180.2 | 69.63 | 8.76 | 50.91 | 27.75 | 0.29 | -54.34 | 52.13 | 35.47 | 42.02 | 29.41 | 71.42 | 91.83 | 48.50 | 75.03 | 1.15 | 35.29 | 52.41 | 33.94 | 52.86 | 38.85 | 97.66 | -5.62 | 2.34 | 0 | 0.00 | 0 | 16.26 | -21.41 |
| 2017 (4) | 10.86 | 132.55 | 64.02 | 3.81 | 39.85 | 31.04 | 0.63 | -35.87 | 38.48 | 26.04 | 32.47 | 30.98 | 37.23 | 97.61 | 27.71 | 84.12 | 0.85 | 39.34 | 39.13 | 23.83 | 38.07 | 28.31 | 103.47 | 3.89 | -3.47 | 0 | 0.00 | 0 | 20.69 | -20.85 |
| 2016 (3) | 4.67 | 25.54 | 61.67 | 0.93 | 30.41 | 1.94 | 0.99 | -24.69 | 30.53 | -4.23 | 24.79 | -2.13 | 18.84 | 25.43 | 15.05 | 20.79 | 0.61 | 24.49 | 31.60 | -5.05 | 29.67 | 45.37 | 99.60 | 6.71 | 0.40 | -93.93 | 0.00 | 0 | 26.14 | -10.69 |
| 2015 (2) | 3.72 | -7.69 | 61.10 | 10.19 | 29.83 | 11.6 | 1.31 | 22.53 | 31.88 | 5.95 | 25.33 | -3.61 | 15.02 | -11.02 | 12.46 | -10.3 | 0.49 | -7.55 | 33.28 | 6.7 | 20.41 | -1.07 | 93.33 | 5.07 | 6.67 | -40.3 | 0.00 | 0 | 29.27 | 9.83 |
| 2014 (1) | 4.03 | -24.95 | 55.45 | 0 | 26.73 | 0 | 1.07 | 155.45 | 30.09 | 0 | 26.28 | 0 | 16.88 | 0 | 13.89 | 0 | 0.53 | -25.35 | 31.19 | -9.96 | 20.63 | -8.15 | 88.83 | -7.37 | 11.17 | 172.49 | 0.00 | 0 | 26.65 | 36.04 |
