- 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) | 3.00 | 6.38 | 43.54 | 35.53 | 27.39 | 11.0 | 16.81 | 53.1 | 108.3 | 13.84 | 21.4 | 1.39 | 9.63 | 0.84 | -0.1 | 5.18 | -1.33 | 15.88 | 1.09 | 0.0 | 6.86 | 0.11 | 0.0 | 0.0 | 15.47 | 20.39 | 0.19 | 386.42 | 1.04 | 10.27 | 121.39 | 26.52 | 104.89 | -21.39 | -679.6 | -152.48 | 12.37 | -4.48 | -27.58 |
| 24Q2 (19) | 2.82 | 8.05 | 46.87 | 27.89 | 2.69 | -1.73 | 10.98 | 19.48 | 80.0 | 11.40 | -8.95 | -4.84 | 9.55 | 2.25 | -0.31 | 5.25 | 0.38 | 21.25 | 1.09 | 0.93 | 9.0 | 0.11 | -8.33 | 10.0 | 12.85 | -7.82 | -8.02 | 382.44 | -2.71 | 16.35 | 95.94 | 30.87 | 88.94 | 3.69 | -86.17 | -92.5 | 12.95 | 0.54 | -16.4 |
| 24Q1 (18) | 2.61 | 14.98 | 44.2 | 27.16 | -21.53 | -15.44 | 9.19 | -39.1 | -20.16 | 12.52 | -3.54 | 14.03 | 9.34 | -0.74 | 3.89 | 5.23 | 12.23 | 26.63 | 1.08 | 6.93 | 10.2 | 0.12 | 9.09 | 9.09 | 13.94 | -4.52 | 7.98 | 393.11 | 5.01 | 16.16 | 73.31 | -36.95 | -29.84 | 26.69 | 264.05 | 693.86 | 12.88 | 7.6 | -20.4 |
| 23Q4 (17) | 2.27 | 8.61 | 27.53 | 34.61 | 8.12 | -6.51 | 15.09 | 86.99 | 5.16 | 12.98 | -4.91 | 4.68 | 9.41 | -2.39 | 3.18 | 4.66 | 4.25 | 14.22 | 1.01 | -0.98 | -3.81 | 0.11 | 0.0 | 0.0 | 14.60 | -5.44 | 2.03 | 374.35 | 6.83 | 21.51 | 116.27 | 96.26 | 0.32 | -16.27 | -139.92 | -2.34 | 11.97 | -29.92 | -6.12 |
| 23Q3 (16) | 2.09 | 8.85 | 10.58 | 32.01 | 12.79 | -14.14 | 8.07 | 32.3 | -36.41 | 13.65 | 13.94 | -6.57 | 9.64 | 0.63 | -8.71 | 4.47 | 3.23 | -1.11 | 1.02 | 2.0 | -19.69 | 0.11 | 10.0 | -8.33 | 15.44 | 10.52 | -7.32 | 350.43 | 6.61 | 29.18 | 59.24 | 16.67 | -31.69 | 40.76 | -17.2 | 207.13 | 17.08 | 10.26 | -6.21 |
| 23Q2 (15) | 1.92 | 6.08 | 1.59 | 28.38 | -11.64 | -23.15 | 6.10 | -47.0 | -51.2 | 11.98 | 9.11 | -5.67 | 9.58 | 6.56 | -12.91 | 4.33 | 4.84 | -9.03 | 1.00 | 2.04 | -31.03 | 0.10 | -9.09 | -23.08 | 13.97 | 8.21 | -5.29 | 328.71 | -2.87 | 35.9 | 50.78 | -51.41 | -48.34 | 49.22 | 1195.21 | 2787.74 | 15.49 | -4.26 | -21.49 |
| 23Q1 (14) | 1.81 | 1.69 | 19.87 | 32.12 | -13.24 | -12.48 | 11.51 | -19.79 | 11.86 | 10.98 | -11.45 | -11.09 | 8.99 | -1.43 | -6.84 | 4.13 | 1.23 | 6.44 | 0.98 | -6.67 | -26.32 | 0.11 | 0.0 | -21.43 | 12.91 | -9.78 | -11.51 | 338.42 | 9.84 | 54.23 | 104.49 | -9.84 | 25.56 | -4.49 | 71.73 | -126.79 | 16.18 | 26.9 | -15.15 |
| 22Q4 (13) | 1.78 | -5.82 | 16.34 | 37.02 | -0.7 | 1.62 | 14.35 | 13.08 | 19.68 | 12.40 | -15.13 | 21.21 | 9.12 | -13.64 | 6.67 | 4.08 | -9.73 | 1.75 | 1.05 | -17.32 | -33.12 | 0.11 | -8.33 | -38.89 | 14.31 | -14.11 | 18.07 | 308.09 | 13.57 | 85.43 | 115.90 | 33.63 | -0.95 | -15.90 | -219.8 | 6.52 | 12.75 | -29.98 | -15.62 |
| 22Q3 (12) | 1.89 | 0.0 | 16.67 | 37.28 | 0.95 | 0.16 | 12.69 | 1.52 | -14.83 | 14.61 | 15.04 | 10.51 | 10.56 | -4.0 | 4.87 | 4.52 | -5.04 | 1.8 | 1.27 | -12.41 | -34.54 | 0.12 | -7.69 | -36.84 | 16.66 | 12.95 | 9.1 | 271.28 | 12.15 | 83.88 | 86.73 | -11.77 | -22.76 | 13.27 | 678.52 | 203.15 | 18.21 | -7.7 | 7.12 |
| 22Q2 (11) | 1.89 | 25.17 | 3.28 | 36.93 | 0.63 | -15.53 | 12.50 | 21.48 | -29.7 | 12.70 | 2.83 | -25.25 | 11.00 | 13.99 | -25.17 | 4.76 | 22.68 | -10.02 | 1.45 | 9.02 | -44.44 | 0.13 | -7.14 | -27.78 | 14.75 | 1.1 | -25.35 | 241.88 | 10.24 | 115.0 | 98.30 | 18.11 | -6.12 | 1.70 | -89.84 | 136.22 | 19.73 | 3.46 | 1.7 |
| 22Q1 (10) | 1.51 | -1.31 | 504.0 | 36.70 | 0.74 | 31.92 | 10.29 | -14.18 | 667.91 | 12.35 | 20.72 | 225.0 | 9.65 | 12.87 | 359.52 | 3.88 | -3.24 | 438.89 | 1.33 | -15.29 | 224.39 | 0.14 | -22.22 | -26.32 | 14.59 | 20.38 | 105.2 | 219.42 | 32.06 | 133.9 | 83.23 | -28.87 | 130.47 | 16.77 | 198.63 | -74.84 | 19.07 | 26.21 | 11.0 |
| 21Q4 (9) | 1.53 | -5.56 | 17.69 | 36.43 | -2.12 | -4.11 | 11.99 | -19.53 | -13.8 | 10.23 | -22.62 | -10.73 | 8.55 | -15.09 | -7.07 | 4.01 | -9.68 | 5.25 | 1.57 | -19.07 | -32.33 | 0.18 | -5.26 | -28.0 | 12.12 | -20.63 | -15.3 | 166.15 | 12.62 | 142.94 | 117.01 | 4.21 | -2.99 | -17.01 | -32.19 | 20.43 | 15.11 | -11.12 | -7.92 |
| 21Q3 (8) | 1.62 | -11.48 | 37.29 | 37.22 | -14.87 | -15.35 | 14.90 | -16.2 | 1.92 | 13.22 | -22.19 | 3.36 | 10.07 | -31.5 | 2.44 | 4.44 | -16.07 | 21.98 | 1.94 | -25.67 | -12.61 | 0.19 | 5.56 | -13.64 | 15.27 | -22.72 | -6.66 | 147.53 | 31.14 | 136.12 | 112.28 | 7.23 | -1.26 | -12.87 | -173.39 | 11.37 | 17.00 | -12.37 | -8.9 |
| 21Q2 (7) | 1.83 | 632.0 | 41.86 | 43.72 | 57.15 | 3.77 | 17.78 | 1226.87 | 10.64 | 16.99 | 347.11 | 10.54 | 14.70 | 600.0 | 20.29 | 5.29 | 634.72 | 28.71 | 2.61 | 536.59 | -0.76 | 0.18 | -5.26 | -14.29 | 19.76 | 177.92 | 1.8 | 112.50 | 19.92 | 62.5 | 104.71 | 189.95 | 0.09 | -4.71 | -107.06 | -1.96 | 19.40 | 12.92 | 0 |
| 21Q1 (6) | 0.25 | -80.77 | 733.33 | 27.82 | -26.77 | -27.68 | 1.34 | -90.37 | -60.0 | 3.80 | -66.84 | 393.51 | 2.10 | -77.17 | 425.0 | 0.72 | -81.1 | 620.0 | 0.41 | -82.33 | 412.5 | 0.19 | -24.0 | 11.76 | 7.11 | -50.31 | 21.12 | 93.81 | 37.17 | 107.04 | 36.11 | -70.06 | -91.4 | 66.67 | 411.9 | 120.83 | 17.18 | 4.69 | -35.22 |
| 20Q4 (5) | 1.30 | 10.17 | 176.6 | 37.99 | -13.6 | -0.89 | 13.91 | -4.86 | 135.36 | 11.46 | -10.4 | 130.58 | 9.20 | -6.41 | 82.54 | 3.81 | 4.67 | 164.58 | 2.32 | 4.5 | 125.24 | 0.25 | 13.64 | 25.0 | 14.31 | -12.53 | 52.07 | 68.39 | 9.46 | 77.54 | 120.61 | 6.07 | 1.42 | -21.37 | -47.24 | -12.98 | 16.41 | -12.06 | -26.64 |
| 20Q3 (4) | 1.18 | -8.53 | 0.0 | 43.97 | 4.37 | 0.0 | 14.62 | -9.02 | 0.0 | 12.79 | -16.79 | 0.0 | 9.83 | -19.56 | 0.0 | 3.64 | -11.44 | 0.0 | 2.22 | -15.59 | 0.0 | 0.22 | 4.76 | 0.0 | 16.36 | -15.71 | 0.0 | 62.48 | -9.75 | 0.0 | 113.71 | 8.69 | 0.0 | -14.52 | -214.52 | 0.0 | 18.66 | 0 | 0.0 |
| 20Q2 (3) | 1.29 | 4200.0 | 0.0 | 42.13 | 9.51 | 0.0 | 16.07 | 379.7 | 0.0 | 15.37 | 1896.1 | 0.0 | 12.22 | 2955.0 | 0.0 | 4.11 | 4010.0 | 0.0 | 2.63 | 3187.5 | 0.0 | 0.21 | 23.53 | 0.0 | 19.41 | 230.66 | 0.0 | 69.23 | 52.79 | 0.0 | 104.62 | -75.09 | 0.0 | -4.62 | 98.56 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.03 | -93.62 | 0.0 | 38.47 | 0.37 | 0.0 | 3.35 | -43.32 | 0.0 | 0.77 | -84.51 | 0.0 | 0.40 | -92.06 | 0.0 | 0.10 | -93.06 | 0.0 | 0.08 | -92.23 | 0.0 | 0.17 | -15.0 | 0.0 | 5.87 | -37.62 | 0.0 | 45.31 | 17.63 | 0.0 | 420.00 | 253.18 | 0.0 | -320.00 | -1591.43 | 0.0 | 26.52 | 18.55 | 0.0 |
| 19Q4 (1) | 0.47 | 0.0 | 0.0 | 38.33 | 0.0 | 0.0 | 5.91 | 0.0 | 0.0 | 4.97 | 0.0 | 0.0 | 5.04 | 0.0 | 0.0 | 1.44 | 0.0 | 0.0 | 1.03 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 9.41 | 0.0 | 0.0 | 38.52 | 0.0 | 0.0 | 118.92 | 0.0 | 0.0 | -18.92 | 0.0 | 0.0 | 22.37 | 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) | 8.10 | 14.41 | 31.92 | -13.73 | 10.38 | -17.42 | 1.75 | -13.24 | 12.45 | -4.38 | 9.41 | -6.46 | 17.18 | 1.42 | 3.90 | -21.69 | 0.41 | -16.33 | 14.27 | -5.5 | 374.35 | 21.51 | 83.49 | -13.45 | 16.63 | 370.7 | 0.01 | -22.74 | 15.07 | -12.64 |
| 2022 (9) | 7.08 | 35.37 | 37.00 | 1.51 | 12.57 | 6.08 | 2.02 | -13.29 | 13.02 | 16.35 | 10.06 | 12.15 | 16.94 | 20.48 | 4.98 | -22.67 | 0.49 | -30.99 | 15.10 | 11.03 | 308.09 | 85.43 | 96.47 | -8.92 | 3.53 | 0 | 0.01 | -43.04 | 17.25 | 1.65 |
| 2021 (8) | 5.23 | 37.63 | 36.45 | -10.38 | 11.85 | -8.78 | 2.33 | -35.42 | 11.19 | 3.04 | 8.97 | 5.16 | 14.06 | 25.76 | 6.44 | -12.14 | 0.71 | -16.47 | 13.60 | -6.72 | 166.15 | 142.94 | 105.92 | -11.39 | -5.92 | 0 | 0.01 | -71.22 | 16.97 | -13.51 |
| 2020 (7) | 3.80 | -5.47 | 40.67 | 16.03 | 12.99 | 32.42 | 3.60 | 12.04 | 10.86 | 6.26 | 8.53 | 4.41 | 11.18 | -11.27 | 7.33 | -14.77 | 0.85 | -19.05 | 14.58 | 8.0 | 68.39 | 77.54 | 119.54 | 24.16 | -19.54 | 0 | 0.04 | -24.31 | 19.62 | 10.91 |
| 2019 (6) | 4.02 | -22.09 | 35.05 | -3.5 | 9.81 | -23.84 | 3.22 | -8.39 | 10.22 | -24.52 | 8.17 | -22.04 | 12.60 | -27.67 | 8.60 | -23.28 | 1.05 | -1.87 | 13.50 | -20.96 | 38.52 | -31.36 | 96.28 | 1.15 | 3.97 | -17.54 | 0.06 | 7.5 | 17.69 | 5.55 |
| 2018 (5) | 5.16 | 27.41 | 36.32 | 2.71 | 12.88 | 7.78 | 3.51 | -31.74 | 13.54 | 15.53 | 10.48 | 12.93 | 17.42 | 17.46 | 11.21 | 19.38 | 1.07 | 7.0 | 17.08 | 0.59 | 56.12 | 1.23 | 95.19 | -6.62 | 4.81 | 0 | 0.05 | 0 | 16.76 | -3.34 |
| 2017 (4) | 4.05 | 12.5 | 35.36 | 4.89 | 11.95 | 21.94 | 5.14 | -13.17 | 11.72 | 12.69 | 9.28 | 10.87 | 14.83 | 3.27 | 9.39 | 12.05 | 1.00 | 2.04 | 16.98 | 2.66 | 55.44 | -12.29 | 101.93 | 7.87 | -1.93 | 0 | 0.00 | 0 | 17.34 | -2.64 |
| 2016 (3) | 3.60 | 239.62 | 33.71 | 9.84 | 9.80 | 131.68 | 5.92 | -25.85 | 10.40 | 158.06 | 8.37 | 186.64 | 14.36 | 225.62 | 8.38 | 215.04 | 0.98 | 18.07 | 16.54 | 33.28 | 63.21 | -28.32 | 94.49 | -9.32 | 5.79 | 0 | 0.00 | 0 | 17.81 | -7.0 |
| 2015 (2) | 1.06 | -65.13 | 30.69 | -14.06 | 4.23 | -61.3 | 7.99 | -1.35 | 4.03 | -65.5 | 2.92 | -67.81 | 4.41 | -65.17 | 2.66 | -64.95 | 0.83 | 2.47 | 12.41 | -38.59 | 88.18 | 13.11 | 104.20 | 11.22 | -5.04 | 0 | 0.00 | 0 | 19.15 | -3.09 |
| 2014 (1) | 3.04 | -2.88 | 35.71 | 0 | 10.93 | 0 | 8.10 | 23.59 | 11.68 | 0 | 9.07 | 0 | 12.66 | 0 | 7.59 | 0 | 0.81 | -16.49 | 20.21 | 14.63 | 77.96 | 15.48 | 93.69 | -13.19 | 6.31 | 0 | 0.00 | 0 | 19.76 | 26.75 |
