- 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) | 1.59 | -44.01 | -43.62 | 31.65 | 12.35 | 36.42 | 21.20 | 34.69 | 97.39 | 11.97 | -52.08 | -51.73 | 8.88 | -51.24 | -53.24 | 2.15 | -43.57 | -46.91 | 1.28 | -41.01 | -41.01 | 0.13 | 18.18 | 18.18 | 17.87 | -43.02 | -45.45 | 80.53 | -10.96 | -13.48 | 176.87 | 180.23 | 308.56 | -76.87 | -308.39 | -235.54 | 29.33 | -3.96 | -5.93 |
| 24Q2 (19) | 2.84 | -34.41 | -34.86 | 28.17 | -11.33 | -17.9 | 15.74 | -16.41 | -28.62 | 24.98 | -36.36 | -42.36 | 18.21 | -38.25 | -40.91 | 3.81 | -34.98 | -37.95 | 2.17 | -34.24 | -34.83 | 0.11 | 0.0 | 10.0 | 31.36 | -33.52 | -38.8 | 90.44 | 12.97 | -13.21 | 63.11 | 31.7 | 24.29 | 36.89 | -29.17 | -25.06 | 30.54 | -1.61 | 7.88 |
| 24Q1 (18) | 4.33 | 1253.12 | 1446.43 | 31.77 | 18.19 | 74.37 | 18.83 | 20.17 | 641.34 | 39.25 | 969.48 | 1311.87 | 29.49 | 1389.39 | 1061.02 | 5.86 | 1202.22 | 1483.78 | 3.30 | 791.89 | 931.25 | 0.11 | -8.33 | 37.5 | 47.17 | 319.29 | 248.12 | 80.06 | -12.66 | 0.08 | 47.92 | -88.85 | -46.44 | 52.08 | 115.79 | 394.74 | 31.04 | 8.68 | -6.79 |
| 23Q4 (17) | 0.32 | -88.65 | -42.86 | 26.88 | 15.86 | -1.72 | 15.67 | 45.9 | 6.67 | 3.67 | -85.2 | -37.37 | 1.98 | -89.57 | -42.77 | 0.45 | -88.89 | -40.0 | 0.37 | -82.95 | -24.49 | 0.12 | 9.09 | 9.09 | 11.25 | -65.66 | -13.46 | 91.66 | -1.53 | -0.21 | 429.73 | 892.68 | 70.16 | -329.73 | -681.43 | -116.16 | 28.56 | -8.4 | 0.53 |
| 23Q3 (16) | 2.82 | -35.32 | -48.91 | 23.20 | -32.38 | -5.92 | 10.74 | -51.29 | -20.03 | 24.80 | -42.78 | -39.91 | 18.99 | -38.38 | -37.76 | 4.05 | -34.04 | -47.61 | 2.17 | -34.83 | -43.64 | 0.11 | 10.0 | -8.33 | 32.76 | -36.07 | -30.81 | 93.08 | -10.67 | -6.33 | 43.29 | -14.75 | 33.29 | 56.71 | 15.22 | -16.01 | 31.18 | 10.14 | 8.45 |
| 23Q2 (15) | 4.36 | 1457.14 | 47.3 | 34.31 | 88.31 | 93.3 | 22.05 | 768.11 | 368.15 | 43.34 | 1458.99 | 50.8 | 30.82 | 1113.39 | 39.58 | 6.14 | 1559.46 | 48.67 | 3.33 | 940.62 | 60.87 | 0.10 | 25.0 | 11.11 | 51.24 | 278.15 | 40.65 | 104.20 | 30.25 | -7.04 | 50.78 | -43.24 | 205.96 | 49.22 | 367.58 | -41.28 | 28.31 | -14.98 | -9.29 |
| 23Q1 (14) | 0.28 | -50.0 | -87.72 | 18.22 | -33.38 | -24.05 | 2.54 | -82.71 | -79.37 | 2.78 | -52.56 | -86.35 | 2.54 | -26.59 | -83.31 | 0.37 | -50.67 | -88.22 | 0.32 | -34.69 | -80.0 | 0.08 | -27.27 | -20.0 | 13.55 | 4.23 | -50.11 | 80.00 | -12.9 | -19.4 | 89.47 | -64.57 | 47.32 | 10.53 | 106.9 | -73.55 | 33.30 | 17.21 | 12.42 |
| 22Q4 (13) | 0.56 | -89.86 | -79.71 | 27.35 | 10.91 | -3.39 | 14.69 | 9.38 | -18.61 | 5.86 | -85.8 | -63.12 | 3.46 | -88.66 | -76.17 | 0.75 | -90.3 | -81.25 | 0.49 | -87.27 | -75.38 | 0.11 | -8.33 | -15.38 | 13.00 | -72.54 | -39.42 | 91.85 | -7.57 | -13.37 | 252.54 | 677.56 | 122.0 | -152.54 | -325.92 | -1008.87 | 28.41 | -1.18 | 2.67 |
| 22Q3 (12) | 5.52 | 86.49 | 144.25 | 24.66 | 38.93 | -8.8 | 13.43 | 185.14 | -17.56 | 41.27 | 43.6 | 153.66 | 30.51 | 38.18 | 129.23 | 7.73 | 87.17 | 126.69 | 3.85 | 85.99 | 131.93 | 0.12 | 33.33 | 0.0 | 47.35 | 29.98 | 110.44 | 99.37 | -11.35 | -7.64 | 32.48 | 95.68 | -67.52 | 67.52 | -19.44 | 0 | 28.75 | -7.88 | 1.77 |
| 22Q2 (11) | 2.96 | 29.82 | 146.67 | 17.75 | -26.01 | -32.84 | 4.71 | -61.74 | -71.26 | 28.74 | 41.09 | 182.6 | 22.08 | 45.07 | 246.08 | 4.13 | 31.53 | 140.12 | 2.07 | 29.37 | 132.58 | 0.09 | -10.0 | -30.77 | 36.43 | 34.13 | 130.13 | 112.09 | 12.93 | -4.91 | 16.60 | -72.67 | -89.71 | 83.82 | 110.65 | 236.63 | 31.21 | 5.37 | 21.35 |
| 22Q1 (10) | 2.28 | -17.39 | -34.67 | 23.99 | -15.26 | -21.86 | 12.31 | -31.8 | -44.15 | 20.37 | 28.19 | -16.79 | 15.22 | 4.82 | -1.93 | 3.14 | -21.5 | -34.31 | 1.60 | -19.6 | -37.25 | 0.10 | -23.08 | -37.5 | 27.16 | 26.56 | -7.43 | 99.26 | -6.38 | 12.15 | 60.73 | -46.61 | -32.61 | 39.79 | 389.25 | 302.59 | 29.62 | 7.05 | 34.51 |
| 21Q4 (9) | 2.76 | 22.12 | -16.36 | 28.31 | 4.7 | -21.05 | 18.05 | 10.8 | -33.02 | 15.89 | -2.34 | -15.25 | 14.52 | 9.09 | 11.86 | 4.00 | 17.3 | -16.14 | 1.99 | 19.88 | -21.03 | 0.13 | 8.33 | -31.58 | 21.46 | -4.62 | -7.7 | 106.02 | -1.46 | 13.58 | 113.76 | 13.76 | -21.06 | -13.76 | 0 | 68.57 | 27.67 | -2.05 | 15.2 |
| 21Q3 (8) | 2.26 | 88.33 | -41.75 | 27.04 | 2.31 | -20.54 | 16.29 | -0.61 | -38.2 | 16.27 | 59.98 | -16.61 | 13.31 | 108.62 | -17.94 | 3.41 | 98.26 | -43.26 | 1.66 | 86.52 | -47.8 | 0.12 | -7.69 | -36.84 | 22.50 | 42.14 | -7.41 | 107.59 | -8.73 | 15.53 | 100.00 | -38.02 | -25.95 | 0.00 | 100.0 | 100.0 | 28.25 | 9.84 | 34.08 |
| 21Q2 (7) | 1.20 | -65.62 | -68.17 | 26.43 | -13.91 | -16.76 | 16.39 | -25.64 | -25.47 | 10.17 | -58.46 | -51.8 | 6.38 | -58.89 | -69.95 | 1.72 | -64.02 | -71.33 | 0.89 | -65.1 | -72.19 | 0.13 | -18.75 | -13.33 | 15.83 | -46.05 | -43.28 | 117.88 | 33.18 | 29.8 | 161.34 | 79.04 | 55.37 | -61.34 | -720.66 | -1335.46 | 25.72 | 16.8 | 17.02 |
| 21Q1 (6) | 3.49 | 5.76 | 462.9 | 30.70 | -14.39 | 70.46 | 22.04 | -18.22 | 2404.55 | 24.48 | 30.56 | 189.36 | 15.52 | 19.57 | 149.92 | 4.78 | 0.21 | 387.76 | 2.55 | 1.19 | 347.37 | 0.16 | -15.79 | 100.0 | 29.34 | 26.19 | 37.88 | 88.51 | -5.17 | -2.19 | 90.12 | -37.47 | 855.23 | 9.88 | 122.58 | -88.85 | 22.02 | -8.33 | -31.32 |
| 20Q4 (5) | 3.30 | -14.95 | 95.27 | 35.86 | 5.38 | 33.11 | 26.95 | 2.24 | 71.66 | 18.75 | -3.9 | 62.62 | 12.98 | -19.98 | 52.35 | 4.77 | -20.63 | 77.99 | 2.52 | -20.75 | 75.0 | 0.19 | 0.0 | 18.75 | 23.25 | -4.32 | 29.24 | 93.34 | 0.23 | -4.08 | 144.11 | 6.71 | 5.48 | -43.77 | -24.88 | -21.87 | 24.02 | 14.0 | -5.32 |
| 20Q3 (4) | 3.88 | 2.92 | 0.0 | 34.03 | 7.18 | 0.0 | 26.36 | 19.87 | 0.0 | 19.51 | -7.54 | 0.0 | 16.22 | -23.6 | 0.0 | 6.01 | 0.17 | 0.0 | 3.18 | -0.63 | 0.0 | 0.19 | 26.67 | 0.0 | 24.30 | -12.93 | 0.0 | 93.13 | 2.54 | 0.0 | 135.05 | 30.05 | 0.0 | -35.05 | -720.21 | 0.0 | 21.07 | -4.14 | 0.0 |
| 20Q2 (3) | 3.77 | 508.06 | 0.0 | 31.75 | 76.29 | 0.0 | 21.99 | 2398.86 | 0.0 | 21.10 | 149.41 | 0.0 | 21.23 | 241.87 | 0.0 | 6.00 | 512.24 | 0.0 | 3.20 | 461.4 | 0.0 | 0.15 | 87.5 | 0.0 | 27.91 | 31.16 | 0.0 | 90.82 | 0.36 | 0.0 | 103.85 | 1000.77 | 0.0 | -4.27 | -104.82 | 0.0 | 21.98 | -31.44 | 0.0 |
| 20Q1 (2) | 0.62 | -63.31 | 0.0 | 18.01 | -33.15 | 0.0 | 0.88 | -94.39 | 0.0 | 8.46 | -26.63 | 0.0 | 6.21 | -27.11 | 0.0 | 0.98 | -63.43 | 0.0 | 0.57 | -60.42 | 0.0 | 0.08 | -50.0 | 0.0 | 21.28 | 18.29 | 0.0 | 90.49 | -7.01 | 0.0 | 9.43 | -93.09 | 0.0 | 88.68 | 346.91 | 0.0 | 32.06 | 26.37 | 0.0 |
| 19Q4 (1) | 1.69 | 0.0 | 0.0 | 26.94 | 0.0 | 0.0 | 15.70 | 0.0 | 0.0 | 11.53 | 0.0 | 0.0 | 8.52 | 0.0 | 0.0 | 2.68 | 0.0 | 0.0 | 1.44 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 17.99 | 0.0 | 0.0 | 97.31 | 0.0 | 0.0 | 136.62 | 0.0 | 0.0 | -35.92 | 0.0 | 0.0 | 25.37 | 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) | 7.77 | -31.36 | 26.10 | 10.03 | 13.43 | 15.58 | 6.61 | 13.41 | 19.12 | -21.8 | 13.88 | -23.19 | 10.71 | -31.61 | 6.10 | -25.61 | 0.40 | -9.09 | 27.53 | -12.07 | 91.66 | -0.21 | 70.19 | 47.45 | 29.81 | -43.23 | 0.00 | 0 | 30.11 | 2.45 |
| 2022 (9) | 11.32 | 16.7 | 23.72 | -16.09 | 11.62 | -36.92 | 5.83 | 18.29 | 24.45 | 43.15 | 18.07 | 43.87 | 15.66 | 14.47 | 8.20 | 16.31 | 0.44 | -20.0 | 31.31 | 38.6 | 91.85 | -13.37 | 47.60 | -55.87 | 52.50 | 0 | 0.00 | 0 | 29.39 | 14.45 |
| 2021 (8) | 9.70 | -16.16 | 28.27 | -11.74 | 18.42 | -17.14 | 4.93 | -12.24 | 17.08 | -6.1 | 12.56 | -16.27 | 13.68 | -20.33 | 7.05 | -21.67 | 0.55 | -6.78 | 22.59 | -7.42 | 106.02 | 13.58 | 107.88 | -11.7 | -7.88 | 0 | 0.00 | 0 | 25.68 | 8.45 |
| 2020 (7) | 11.57 | 113.47 | 32.03 | 44.21 | 22.23 | 132.05 | 5.62 | -26.42 | 18.19 | 69.52 | 15.00 | 75.85 | 17.17 | 100.12 | 9.00 | 89.87 | 0.59 | 13.46 | 24.40 | 26.69 | 93.34 | -4.08 | 122.17 | 37.0 | -22.17 | 0 | 0.00 | 0 | 23.68 | -13.77 |
| 2019 (6) | 5.42 | 61.79 | 22.21 | 17.45 | 9.58 | 27.06 | 7.63 | 31.97 | 10.73 | -1.56 | 8.53 | 48.87 | 8.58 | 48.44 | 4.74 | 37.79 | 0.52 | -5.45 | 19.26 | 9.68 | 97.31 | 11.28 | 89.18 | 29.0 | 10.82 | -64.94 | 0.00 | 0 | 27.46 | 2.54 |
| 2018 (5) | 3.35 | -39.09 | 18.91 | -23.53 | 7.54 | -49.23 | 5.78 | 3.33 | 10.90 | -12.1 | 5.73 | -47.14 | 5.78 | -38.84 | 3.44 | -41.2 | 0.55 | 5.77 | 17.56 | -6.15 | 87.45 | 13.16 | 69.13 | -42.22 | 30.87 | 0 | 0.00 | 0 | 26.78 | 4.12 |
| 2017 (4) | 5.50 | -27.54 | 24.73 | -5.03 | 14.85 | -0.6 | 5.60 | -4.71 | 12.40 | -32.97 | 10.84 | -25.5 | 9.45 | -24.7 | 5.85 | -28.66 | 0.52 | -5.45 | 18.71 | -25.43 | 77.28 | 35.41 | 119.64 | 48.1 | -19.64 | 0 | 0.00 | 0 | 25.72 | -1.04 |
| 2016 (3) | 7.59 | 77.34 | 26.04 | 39.25 | 14.94 | 74.13 | 5.87 | 3.33 | 18.50 | 57.58 | 14.55 | 88.47 | 12.55 | 77.51 | 8.20 | 70.48 | 0.55 | -8.33 | 25.09 | 37.55 | 57.07 | 2.79 | 80.78 | 10.57 | 19.22 | -28.67 | 0.00 | 0 | 25.99 | -2.51 |
| 2015 (2) | 4.28 | 16.62 | 18.70 | 1.85 | 8.58 | -0.58 | 5.68 | -6.53 | 11.74 | 7.9 | 7.72 | 8.12 | 7.07 | 13.67 | 4.81 | 12.12 | 0.60 | 5.26 | 18.24 | 1.73 | 55.52 | 9.64 | 73.06 | -7.84 | 26.94 | 30.01 | 0.00 | 0 | 26.66 | 0.87 |
| 2014 (1) | 3.67 | 4.86 | 18.36 | 0 | 8.63 | 0 | 6.08 | 12.87 | 10.88 | 0 | 7.14 | 0 | 6.22 | 0 | 4.29 | 0 | 0.57 | -19.72 | 17.93 | 28.62 | 50.64 | -5.27 | 79.28 | -13.07 | 20.72 | 135.46 | 0.00 | 0 | 26.43 | 10.22 |
