- 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) | 0.60 | -9.09 | -27.71 | 30.51 | 0.1 | 0.69 | 7.00 | -1.69 | -20.09 | 7.07 | 0.86 | -18.08 | 5.06 | -2.5 | 77.54 | 2.83 | -2.41 | -13.98 | 1.41 | -4.08 | -20.79 | 0.25 | 0.0 | 0.0 | 13.00 | -0.08 | -9.53 | 120.23 | -0.16 | 1.96 | 98.84 | -3.52 | -2.14 | 1.16 | 195.35 | 158.14 | 14.80 | -0.87 | 5.26 |
| 24Q2 (19) | 0.66 | 29.41 | 65.0 | 30.48 | 3.11 | 8.09 | 7.12 | 25.8 | 8.7 | 7.01 | 24.07 | 1.45 | 5.19 | 23.28 | -9.74 | 2.90 | 40.1 | 40.78 | 1.47 | 36.11 | 23.53 | 0.25 | 8.7 | 4.17 | 13.01 | 8.24 | 3.91 | 120.42 | 0.32 | 38.57 | 102.44 | 2.44 | 7.98 | -1.22 | 0 | -123.78 | 14.93 | -2.74 | 0.74 |
| 24Q1 (18) | 0.51 | -38.55 | 0.0 | 29.56 | -3.96 | 2.28 | 5.66 | -43.17 | -14.89 | 5.65 | -43.73 | -19.86 | 4.21 | -58.52 | 3.44 | 2.07 | -44.8 | -7.59 | 1.08 | -42.25 | -17.56 | 0.23 | -11.54 | 4.55 | 12.02 | -22.7 | -6.82 | 120.04 | 3.38 | 37.93 | 100.00 | 0.83 | 5.71 | 0.00 | -100.0 | -100.0 | 15.35 | 8.48 | 10.51 |
| 23Q4 (17) | 0.83 | 0.0 | 59.62 | 30.78 | 1.58 | 5.02 | 9.96 | 13.7 | 18.43 | 10.04 | 16.34 | 17.29 | 10.15 | 256.14 | -12.58 | 3.75 | 13.98 | 29.31 | 1.87 | 5.06 | 12.65 | 0.26 | 4.0 | 4.0 | 15.55 | 8.21 | 10.44 | 116.12 | -1.53 | 40.21 | 99.17 | -1.81 | 1.2 | 0.83 | 141.32 | -58.68 | 14.15 | 0.64 | 4.27 |
| 23Q3 (16) | 0.83 | 107.5 | 6.41 | 30.30 | 7.45 | 6.84 | 8.76 | 33.74 | -7.89 | 8.63 | 24.89 | -13.18 | 2.85 | -50.43 | -36.24 | 3.29 | 59.71 | -52.04 | 1.78 | 49.58 | -52.28 | 0.25 | 4.17 | -44.44 | 14.37 | 14.78 | -0.83 | 117.92 | 35.7 | 36.61 | 101.00 | 6.46 | 5.75 | -2.00 | -139.0 | -144.5 | 14.06 | -5.13 | 44.35 |
| 23Q2 (15) | 0.40 | -21.57 | -48.72 | 28.20 | -2.42 | 3.49 | 6.55 | -1.5 | -15.48 | 6.91 | -1.99 | -12.31 | 5.75 | 41.28 | -8.73 | 2.06 | -8.04 | -33.12 | 1.19 | -9.16 | -26.99 | 0.24 | 9.09 | -4.0 | 12.52 | -2.95 | -11.89 | 86.90 | -0.15 | -10.18 | 94.87 | 0.29 | -3.6 | 5.13 | -5.13 | 223.08 | 14.82 | 6.7 | -7.43 |
| 23Q1 (14) | 0.51 | -1.92 | -74.11 | 28.90 | -1.4 | -0.21 | 6.65 | -20.93 | 109.12 | 7.05 | -17.64 | -57.86 | 4.07 | -64.94 | -74.61 | 2.24 | -22.76 | -69.02 | 1.31 | -21.08 | -65.97 | 0.22 | -12.0 | -8.33 | 12.90 | -8.38 | -47.11 | 87.03 | 5.08 | -13.96 | 94.59 | -3.47 | 387.16 | 5.41 | 170.27 | -93.29 | 13.89 | 2.36 | -30.2 |
| 22Q4 (13) | 0.52 | -33.33 | 92.59 | 29.31 | 3.35 | -22.89 | 8.41 | -11.57 | 50.99 | 8.56 | -13.88 | 38.06 | 11.61 | 159.73 | 119.06 | 2.90 | -57.73 | 42.16 | 1.66 | -55.5 | 33.87 | 0.25 | -44.44 | 8.7 | 14.08 | -2.83 | 13.46 | 82.82 | -4.05 | 6.47 | 98.00 | 2.61 | 10.78 | 2.00 | -55.5 | -82.67 | 13.57 | 39.32 | -40.74 |
| 22Q3 (12) | 0.78 | 0.0 | 310.53 | 28.36 | 4.07 | -17.7 | 9.51 | 22.71 | 181.36 | 9.94 | 26.14 | 105.37 | 4.47 | -29.05 | 18.88 | 6.86 | 122.73 | 419.7 | 3.73 | 128.83 | 338.82 | 0.45 | 80.0 | 104.55 | 14.49 | 1.97 | 21.36 | 86.32 | -10.78 | 37.54 | 95.51 | -2.95 | 32.24 | 4.49 | 183.15 | -86.52 | 9.74 | -39.16 | -62.16 |
| 22Q2 (11) | 0.78 | -60.41 | 875.0 | 27.25 | -5.9 | -10.63 | 7.75 | 143.71 | 822.62 | 7.88 | -52.9 | 275.24 | 6.30 | -60.7 | 298.73 | 3.08 | -57.4 | 528.57 | 1.63 | -57.66 | 365.71 | 0.25 | 4.17 | 31.58 | 14.21 | -41.74 | 40.83 | 96.75 | -4.35 | 52.67 | 98.41 | 406.83 | 129.63 | 1.59 | -98.03 | -97.22 | 16.01 | -19.55 | -39.83 |
| 22Q1 (10) | 1.97 | 629.63 | 1690.91 | 28.96 | -23.81 | -20.24 | 3.18 | -42.91 | 39.47 | 16.73 | 169.84 | 429.43 | 16.03 | 202.45 | 622.07 | 7.23 | 254.41 | 995.45 | 3.85 | 210.48 | 755.56 | 0.24 | 4.35 | 26.32 | 24.39 | 96.54 | 125.0 | 101.15 | 30.03 | 74.85 | 19.42 | -78.05 | -75.73 | 80.58 | 598.38 | 168.61 | 19.90 | -13.1 | -32.66 |
| 21Q4 (9) | 0.27 | 42.11 | -61.97 | 38.01 | 10.3 | -9.78 | 5.57 | 64.79 | -51.61 | 6.20 | 28.1 | -47.86 | 5.30 | 40.96 | -46.14 | 2.04 | 54.55 | -44.57 | 1.24 | 45.88 | -46.78 | 0.23 | 4.55 | 0.0 | 12.41 | 3.94 | -29.49 | 77.79 | 23.95 | 28.22 | 88.46 | 22.49 | -7.77 | 11.54 | -65.38 | 182.69 | 22.90 | -11.03 | -13.94 |
| 21Q3 (8) | 0.19 | 137.5 | -40.62 | 34.46 | 13.02 | -15.7 | 3.38 | 302.38 | -58.78 | 4.84 | 130.48 | -42.24 | 3.76 | 137.97 | -40.79 | 1.32 | 169.39 | -40.0 | 0.85 | 142.86 | -39.29 | 0.22 | 15.79 | 4.76 | 11.94 | 18.33 | -17.31 | 62.76 | -0.96 | 2.3 | 72.22 | 68.52 | -25.37 | 33.33 | -41.67 | 933.33 | 25.74 | -3.27 | -3.31 |
| 21Q2 (7) | 0.08 | -27.27 | -57.89 | 30.49 | -16.03 | -13.28 | 0.84 | -63.16 | -68.42 | 2.10 | -33.54 | -50.82 | 1.58 | -28.83 | -53.8 | 0.49 | -25.76 | -51.96 | 0.35 | -22.22 | -49.28 | 0.19 | 0.0 | 0.0 | 10.09 | -6.92 | -9.18 | 63.37 | 9.54 | -1.12 | 42.86 | -46.43 | -33.33 | 57.14 | 90.48 | 60.0 | 26.61 | -9.95 | 0 |
| 21Q1 (6) | 0.11 | -84.51 | -38.89 | 36.31 | -13.81 | -5.32 | 2.28 | -80.19 | -39.84 | 3.16 | -73.42 | -23.3 | 2.22 | -77.44 | -29.3 | 0.66 | -82.07 | -22.35 | 0.45 | -80.69 | -26.23 | 0.19 | -17.39 | 5.56 | 10.84 | -38.41 | -4.07 | 57.85 | -4.65 | 11.64 | 80.00 | -16.6 | -12.73 | 30.00 | 635.0 | 260.0 | 29.55 | 11.05 | 1.27 |
| 20Q4 (5) | 0.71 | 121.87 | 33.96 | 42.13 | 3.06 | 4.46 | 11.51 | 40.37 | 14.76 | 11.89 | 41.89 | 16.23 | 9.84 | 54.96 | 9.7 | 3.68 | 67.27 | 26.03 | 2.33 | 66.43 | 18.88 | 0.23 | 9.52 | 9.52 | 17.60 | 21.88 | 10.21 | 60.67 | -1.11 | 14.64 | 95.92 | -0.88 | -1.42 | 4.08 | 26.53 | 51.02 | 26.61 | -0.04 | 2.31 |
| 20Q3 (4) | 0.32 | 68.42 | 0.0 | 40.88 | 16.27 | 0.0 | 8.20 | 208.27 | 0.0 | 8.38 | 96.25 | 0.0 | 6.35 | 85.67 | 0.0 | 2.20 | 115.69 | 0.0 | 1.40 | 102.9 | 0.0 | 0.21 | 10.53 | 0.0 | 14.44 | 29.97 | 0.0 | 61.35 | -4.28 | 0.0 | 96.77 | 50.54 | 0.0 | 3.23 | -90.97 | 0.0 | 26.62 | 0 | 0.0 |
| 20Q2 (3) | 0.19 | 5.56 | 0.0 | 35.16 | -8.32 | 0.0 | 2.66 | -29.82 | 0.0 | 4.27 | 3.64 | 0.0 | 3.42 | 8.92 | 0.0 | 1.02 | 20.0 | 0.0 | 0.69 | 13.11 | 0.0 | 0.19 | 5.56 | 0.0 | 11.11 | -1.68 | 0.0 | 64.09 | 23.68 | 0.0 | 64.29 | -29.87 | 0.0 | 35.71 | 328.57 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.18 | -66.04 | 0.0 | 38.35 | -4.91 | 0.0 | 3.79 | -62.21 | 0.0 | 4.12 | -59.73 | 0.0 | 3.14 | -64.99 | 0.0 | 0.85 | -70.89 | 0.0 | 0.61 | -68.88 | 0.0 | 0.18 | -14.29 | 0.0 | 11.30 | -29.24 | 0.0 | 51.82 | -2.08 | 0.0 | 91.67 | -5.79 | 0.0 | 8.33 | 208.33 | 0.0 | 29.18 | 12.19 | 0.0 |
| 19Q4 (1) | 0.53 | 0.0 | 0.0 | 40.33 | 0.0 | 0.0 | 10.03 | 0.0 | 0.0 | 10.23 | 0.0 | 0.0 | 8.97 | 0.0 | 0.0 | 2.92 | 0.0 | 0.0 | 1.96 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 15.97 | 0.0 | 0.0 | 52.92 | 0.0 | 0.0 | 97.30 | 0.0 | 0.0 | 2.70 | 0.0 | 0.0 | 26.01 | 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) | 2.57 | -36.39 | 29.58 | 3.79 | 8.04 | 0.5 | 4.47 | 11.13 | 8.21 | -19.11 | 5.79 | -30.58 | 11.09 | -44.33 | 6.07 | -46.85 | 0.97 | -26.52 | 13.87 | -11.77 | 116.12 | 40.21 | 97.86 | 24.14 | 2.14 | -89.87 | 7.09 | -4.45 | 14.23 | 6.67 |
| 2022 (9) | 4.04 | 521.54 | 28.50 | -18.52 | 8.00 | 152.37 | 4.02 | -33.81 | 10.15 | 140.52 | 8.34 | 148.96 | 19.92 | 350.68 | 11.42 | 310.79 | 1.32 | 69.23 | 15.72 | 37.89 | 82.82 | 6.47 | 78.83 | 6.25 | 21.17 | -12.49 | 7.42 | 66.7 | 13.34 | -48.67 |
| 2021 (8) | 0.65 | -53.24 | 34.98 | -11.17 | 3.17 | -54.32 | 6.08 | 16.59 | 4.22 | -44.03 | 3.35 | -44.17 | 4.42 | -41.61 | 2.78 | -44.51 | 0.78 | -2.5 | 11.40 | -18.1 | 77.79 | 28.22 | 74.19 | -18.92 | 24.19 | 220.56 | 4.45 | -15.92 | 25.99 | -4.31 |
| 2020 (7) | 1.39 | -17.75 | 39.38 | -0.78 | 6.94 | -15.26 | 5.21 | 14.14 | 7.54 | -12.73 | 6.00 | -14.29 | 7.57 | -13.88 | 5.01 | -15.51 | 0.80 | -2.44 | 13.92 | -3.0 | 60.67 | 14.64 | 91.51 | -3.63 | 7.55 | 49.69 | 5.29 | -0.56 | 27.16 | 5.56 |
| 2019 (6) | 1.69 | 12.67 | 39.69 | 5.06 | 8.19 | 7.91 | 4.57 | 60.83 | 8.64 | 10.77 | 7.00 | 11.11 | 8.79 | 22.08 | 5.93 | 18.36 | 0.82 | 6.49 | 14.35 | 19.58 | 52.92 | -1.91 | 94.96 | -3.02 | 5.04 | 61.34 | 5.32 | -8.65 | 25.73 | -1.91 |
| 2018 (5) | 1.50 | 42.86 | 37.78 | 2.58 | 7.59 | 13.79 | 2.84 | 1.5 | 7.80 | 24.2 | 6.30 | 31.52 | 7.20 | 50.0 | 5.01 | 41.93 | 0.77 | 8.45 | 12.00 | 14.18 | 53.95 | 21.02 | 97.92 | -7.76 | 3.12 | 0 | 5.83 | 0 | 26.23 | -1.91 |
| 2017 (4) | 1.05 | 0.0 | 36.83 | 4.9 | 6.67 | 8.99 | 2.80 | -2.01 | 6.28 | -13.5 | 4.79 | -8.94 | 4.80 | 5.49 | 3.53 | 3.82 | 0.71 | 12.7 | 10.51 | -7.97 | 44.58 | 21.04 | 106.15 | 25.81 | -6.15 | 0 | 0.00 | 0 | 26.74 | 1.29 |
| 2016 (3) | 1.05 | -65.69 | 35.11 | 6.68 | 6.12 | 1100.0 | 2.85 | 21.68 | 7.26 | -47.28 | 5.26 | -57.1 | 4.55 | -67.36 | 3.40 | -64.8 | 0.63 | -19.23 | 11.42 | -33.45 | 36.83 | 0.14 | 84.38 | 2076.88 | 15.62 | -83.74 | 0.00 | 0 | 26.40 | -11.88 |
| 2015 (2) | 3.06 | 48.54 | 32.91 | -8.18 | 0.51 | -94.56 | 2.35 | -11.83 | 13.77 | 38.53 | 12.26 | 64.56 | 13.94 | 7.07 | 9.66 | 15.83 | 0.78 | -29.09 | 17.16 | 24.44 | 36.78 | -37.98 | 3.88 | -95.88 | 96.12 | 1518.09 | 0.00 | 0 | 29.96 | 27.82 |
| 2014 (1) | 2.06 | 82.3 | 35.84 | 0 | 9.37 | 0 | 2.66 | -28.53 | 9.94 | 0 | 7.45 | 0 | 13.02 | 0 | 8.34 | 0 | 1.10 | 6.8 | 13.79 | 23.46 | 59.30 | 0.64 | 94.06 | 10.78 | 5.94 | -65.02 | 0.00 | 0 | 23.44 | -2.62 |
