- 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) | 0.91 | -26.61 | -58.45 | 44.09 | 14.64 | 4.13 | 12.05 | 37.71 | -15.08 | 9.22 | -16.33 | -58.51 | 7.26 | -24.06 | -58.89 | 1.66 | -25.56 | -60.57 | 1.03 | -22.56 | -54.02 | 0.12 | -7.69 | 0.0 | 17.32 | -8.89 | -39.84 | 79.79 | -7.21 | -11.8 | 131.48 | 66.21 | 105.93 | -31.48 | -250.66 | -187.08 | 30.98 | 20.54 | 12.7 |
| 24Q2 (19) | 1.24 | -29.94 | -38.31 | 38.46 | -6.4 | -2.36 | 8.75 | -23.58 | -38.81 | 11.02 | -37.81 | -47.2 | 9.56 | -32.25 | -39.3 | 2.23 | -32.22 | -44.53 | 1.33 | -29.63 | -37.26 | 0.13 | 0.0 | 0.0 | 19.01 | -26.03 | -29.3 | 85.99 | 6.15 | -13.38 | 79.10 | 22.67 | 15.47 | 20.90 | -41.16 | -33.66 | 25.70 | -21.45 | -0.16 |
| 24Q1 (18) | 1.77 | 420.59 | -29.48 | 41.09 | 1.23 | -9.83 | 11.45 | 14.61 | -50.94 | 17.72 | 453.75 | -22.59 | 14.11 | 475.92 | -22.73 | 3.29 | 477.19 | -37.09 | 1.89 | 360.98 | -30.51 | 0.13 | 8.33 | -13.33 | 25.70 | 130.91 | -9.38 | 81.01 | -8.93 | -12.15 | 64.49 | -78.88 | -36.76 | 35.51 | 116.87 | 1899.38 | 32.72 | 8.45 | 36.5 |
| 23Q4 (17) | 0.34 | -84.47 | -69.91 | 40.59 | -4.13 | -6.84 | 9.99 | -29.6 | -38.9 | 3.20 | -85.6 | -68.96 | 2.45 | -86.13 | -69.98 | 0.57 | -86.46 | -76.45 | 0.41 | -81.7 | -67.72 | 0.12 | 0.0 | -20.0 | 11.13 | -61.34 | -28.47 | 88.95 | -1.67 | -12.96 | 305.26 | 378.12 | 92.2 | -210.53 | -682.31 | -257.89 | 30.17 | 9.75 | 4.39 |
| 23Q3 (16) | 2.19 | 8.96 | -43.7 | 42.34 | 7.49 | 0.67 | 14.19 | -0.77 | -29.96 | 22.22 | 6.47 | -36.13 | 17.66 | 12.13 | -36.38 | 4.21 | 4.73 | -52.59 | 2.24 | 5.66 | -49.78 | 0.12 | -7.69 | -25.0 | 28.79 | 7.07 | -27.81 | 90.46 | -8.87 | -9.27 | 63.85 | -6.8 | 9.85 | 36.15 | 14.79 | -13.67 | 27.49 | 6.8 | 19.99 |
| 23Q2 (15) | 2.01 | -19.92 | 1.01 | 39.39 | -13.56 | 4.65 | 14.30 | -38.73 | 8.83 | 20.87 | -8.82 | 0.53 | 15.75 | -13.75 | -5.41 | 4.02 | -23.14 | -14.47 | 2.12 | -22.06 | -12.03 | 0.13 | -13.33 | -7.14 | 26.89 | -5.18 | 0.98 | 99.27 | 7.66 | -5.29 | 68.50 | -32.82 | 7.78 | 31.50 | 1695.8 | -13.57 | 25.74 | 7.38 | 0.16 |
| 23Q1 (14) | 2.51 | 122.12 | 45.09 | 45.57 | 4.59 | 23.97 | 23.34 | 42.75 | 85.98 | 22.89 | 122.02 | 14.45 | 18.26 | 123.77 | 13.21 | 5.23 | 116.12 | 25.12 | 2.72 | 114.17 | 23.08 | 0.15 | 0.0 | 15.38 | 28.36 | 82.26 | 7.55 | 92.21 | -9.77 | -2.2 | 101.97 | -35.79 | 64.11 | -1.97 | 96.64 | -105.35 | 23.97 | -17.06 | -13.25 |
| 22Q4 (13) | 1.13 | -70.95 | -24.16 | 43.57 | 3.59 | 5.17 | 16.35 | -19.3 | 52.95 | 10.31 | -70.37 | -34.62 | 8.16 | -70.61 | -41.34 | 2.42 | -72.75 | -34.95 | 1.27 | -71.52 | -35.86 | 0.15 | -6.25 | 7.14 | 15.56 | -60.98 | -29.27 | 102.20 | 2.51 | 8.86 | 158.82 | 173.27 | 135.29 | -58.82 | -240.46 | -281.0 | 28.90 | 26.15 | 4.6 |
| 22Q3 (12) | 3.89 | 95.48 | 154.25 | 42.06 | 11.74 | 12.7 | 20.26 | 54.19 | 119.5 | 34.79 | 67.58 | 75.97 | 27.76 | 66.73 | 88.08 | 8.88 | 88.94 | 134.3 | 4.46 | 85.06 | 114.42 | 0.16 | 14.29 | 14.29 | 39.88 | 49.76 | 52.39 | 99.70 | -4.88 | 8.62 | 58.12 | -8.56 | 22.56 | 41.88 | 14.93 | -21.88 | 22.91 | -10.86 | -21.33 |
| 22Q2 (11) | 1.99 | 15.03 | 148.75 | 37.64 | 2.39 | -7.22 | 13.14 | 4.7 | -4.16 | 20.76 | 3.8 | 157.25 | 16.65 | 3.22 | 128.71 | 4.70 | 12.44 | 143.52 | 2.41 | 9.05 | 117.12 | 0.14 | 7.69 | -6.67 | 26.63 | 0.99 | 88.6 | 104.81 | 11.17 | 28.55 | 63.56 | 2.29 | -62.4 | 36.44 | -1.23 | 152.78 | 25.70 | -6.99 | -2.76 |
| 22Q1 (10) | 1.73 | 16.11 | 92.22 | 36.76 | -11.27 | -9.72 | 12.55 | 17.4 | 11.46 | 20.00 | 26.82 | 75.59 | 16.13 | 15.96 | 73.81 | 4.18 | 12.37 | 88.29 | 2.21 | 11.62 | 75.4 | 0.13 | -7.14 | 0.0 | 26.37 | 19.86 | 46.01 | 94.28 | 0.43 | 14.36 | 62.14 | -7.95 | -36.65 | 36.89 | 13.52 | 1818.45 | 27.63 | 0.0 | -9.41 |
| 21Q4 (9) | 1.49 | -2.61 | 106.94 | 41.43 | 11.01 | 1.0 | 10.69 | 15.82 | -22.37 | 15.77 | -20.23 | 75.81 | 13.91 | -5.76 | 97.03 | 3.72 | -1.85 | 104.4 | 1.98 | -4.81 | 86.79 | 0.14 | 0.0 | 0.0 | 22.00 | -15.93 | 44.36 | 93.88 | 2.28 | 9.3 | 67.50 | 42.34 | -56.02 | 32.50 | -39.37 | 160.76 | 27.63 | -5.12 | -4.72 |
| 21Q3 (8) | 1.53 | 91.25 | 33.04 | 37.32 | -8.01 | -7.76 | 9.23 | -32.68 | -42.42 | 19.77 | 144.98 | 45.15 | 14.76 | 102.75 | 36.67 | 3.79 | 96.37 | 26.33 | 2.08 | 87.39 | 19.54 | 0.14 | -6.67 | -12.5 | 26.17 | 85.34 | 37.09 | 91.79 | 12.58 | 19.78 | 47.42 | -71.95 | -59.6 | 53.61 | 177.64 | 408.25 | 29.12 | 10.18 | 12.39 |
| 21Q2 (7) | 0.80 | -11.11 | -56.76 | 40.57 | -0.37 | -6.71 | 13.71 | 21.76 | -21.48 | 8.07 | -29.15 | -54.76 | 7.28 | -21.55 | -53.81 | 1.93 | -13.06 | -51.14 | 1.11 | -11.9 | -52.97 | 0.15 | 15.38 | 0.0 | 14.12 | -21.82 | -40.6 | 81.53 | -1.1 | 4.97 | 169.05 | 72.36 | 73.22 | -69.05 | -3690.48 | -2965.48 | 26.43 | -13.34 | 0 |
| 21Q1 (6) | 0.90 | 25.0 | -55.88 | 40.72 | -0.73 | -6.61 | 11.26 | -18.23 | -44.06 | 11.39 | 26.98 | -43.42 | 9.28 | 31.44 | -42.04 | 2.22 | 21.98 | -48.49 | 1.26 | 18.87 | -52.81 | 0.13 | -7.14 | -18.75 | 18.06 | 18.5 | -28.87 | 82.44 | -4.02 | 30.05 | 98.08 | -36.1 | -1.92 | 1.92 | 103.6 | 0 | 30.50 | 5.17 | 14.75 |
| 20Q4 (5) | 0.72 | -37.39 | -34.55 | 41.02 | 1.38 | -4.6 | 13.77 | -14.1 | -5.3 | 8.97 | -34.14 | -11.71 | 7.06 | -34.63 | -15.25 | 1.82 | -39.33 | -24.48 | 1.06 | -39.08 | -29.8 | 0.14 | -12.5 | -22.22 | 15.24 | -20.17 | -2.06 | 85.89 | 12.08 | 33.22 | 153.49 | 30.75 | 7.64 | -53.49 | -207.56 | -25.58 | 29.00 | 11.93 | 1.15 |
| 20Q3 (4) | 1.15 | -37.84 | 0.0 | 40.46 | -6.97 | 0.0 | 16.03 | -8.19 | 0.0 | 13.62 | -23.65 | 0.0 | 10.80 | -31.47 | 0.0 | 3.00 | -24.05 | 0.0 | 1.74 | -26.27 | 0.0 | 0.16 | 6.67 | 0.0 | 19.09 | -19.69 | 0.0 | 76.63 | -1.34 | 0.0 | 117.39 | 20.29 | 0.0 | -17.39 | -821.74 | 0.0 | 25.91 | 0 | 0.0 |
| 20Q2 (3) | 1.85 | -9.31 | 0.0 | 43.49 | -0.25 | 0.0 | 17.46 | -13.26 | 0.0 | 17.84 | -11.38 | 0.0 | 15.76 | -1.56 | 0.0 | 3.95 | -8.35 | 0.0 | 2.36 | -11.61 | 0.0 | 0.15 | -6.25 | 0.0 | 23.77 | -6.38 | 0.0 | 77.67 | 22.53 | 0.0 | 97.59 | -2.41 | 0.0 | 2.41 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 2.04 | 85.45 | 0.0 | 43.60 | 1.4 | 0.0 | 20.13 | 38.45 | 0.0 | 20.13 | 98.13 | 0.0 | 16.01 | 92.2 | 0.0 | 4.31 | 78.84 | 0.0 | 2.67 | 76.82 | 0.0 | 0.16 | -11.11 | 0.0 | 25.39 | 63.17 | 0.0 | 63.39 | -1.68 | 0.0 | 100.00 | -29.87 | 0.0 | -0.00 | 100.0 | 0.0 | 26.58 | -7.29 | 0.0 |
| 19Q4 (1) | 1.10 | 0.0 | 0.0 | 43.00 | 0.0 | 0.0 | 14.54 | 0.0 | 0.0 | 10.16 | 0.0 | 0.0 | 8.33 | 0.0 | 0.0 | 2.41 | 0.0 | 0.0 | 1.51 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 15.56 | 0.0 | 0.0 | 64.47 | 0.0 | 0.0 | 142.59 | 0.0 | 0.0 | -42.59 | 0.0 | 0.0 | 28.67 | 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) | 7.05 | -19.43 | 42.06 | 4.34 | 15.70 | -1.13 | 5.11 | 14.23 | 17.52 | -19.04 | 13.71 | -20.8 | 13.99 | -29.8 | 7.50 | -27.18 | 0.52 | -10.34 | 23.97 | -11.84 | 88.95 | -12.96 | 89.72 | 22.28 | 10.51 | -60.52 | 1.36 | -11.51 | 26.74 | 2.02 |
| 2022 (9) | 8.75 | 84.99 | 40.31 | 0.75 | 15.88 | 41.16 | 4.48 | -13.42 | 21.64 | 57.5 | 17.31 | 52.92 | 19.93 | 69.47 | 10.30 | 60.94 | 0.58 | 5.45 | 27.19 | 35.81 | 102.20 | 8.86 | 73.37 | -10.43 | 26.63 | 47.27 | 1.53 | -25.3 | 26.21 | -7.55 |
| 2021 (8) | 4.73 | -7.44 | 40.01 | -5.03 | 11.25 | -33.35 | 5.17 | 7.85 | 13.74 | -9.43 | 11.32 | -8.86 | 11.76 | -10.43 | 6.40 | -16.56 | 0.55 | -8.33 | 20.02 | -4.26 | 93.88 | 9.3 | 81.92 | -26.25 | 18.08 | 0 | 2.05 | 0.15 | 28.35 | 3.17 |
| 2020 (7) | 5.11 | -43.54 | 42.13 | -1.08 | 16.88 | -12.13 | 4.79 | 18.66 | 15.17 | -23.54 | 12.42 | -20.54 | 13.13 | -37.24 | 7.67 | -37.13 | 0.60 | -21.05 | 20.91 | -15.07 | 85.89 | 33.22 | 111.07 | 14.8 | -11.07 | 0 | 2.05 | 88.68 | 27.48 | 16.69 |
| 2019 (6) | 9.05 | 24.83 | 42.59 | 7.6 | 19.21 | 17.21 | 4.04 | 10.05 | 19.84 | 2.69 | 15.63 | 2.16 | 20.92 | 9.87 | 12.20 | 18.33 | 0.76 | 16.92 | 24.62 | 2.29 | 64.47 | -25.86 | 96.75 | 13.75 | 3.25 | -78.66 | 1.09 | -7.94 | 23.55 | -4.19 |
| 2018 (5) | 7.25 | 92.31 | 39.58 | 6.17 | 16.39 | 15.59 | 3.67 | -4.88 | 19.32 | 79.05 | 15.30 | 83.01 | 19.04 | 86.48 | 10.31 | 79.3 | 0.65 | 1.56 | 24.07 | 53.21 | 86.96 | -9.76 | 85.05 | -35.13 | 15.22 | 0 | 1.18 | 0 | 24.58 | 3.15 |
| 2017 (4) | 3.77 | -56.91 | 37.28 | -11.89 | 14.18 | -27.24 | 3.86 | 23.79 | 10.79 | -47.37 | 8.36 | -51.23 | 10.21 | -57.76 | 5.75 | -59.13 | 0.64 | -20.0 | 15.71 | -35.61 | 96.36 | 14.63 | 131.12 | 38.01 | -31.12 | 0 | 0.00 | 0 | 23.83 | 6.72 |
| 2016 (3) | 8.75 | 19.7 | 42.31 | 7.6 | 19.49 | 17.76 | 3.12 | -0.4 | 20.50 | 7.33 | 17.14 | 9.87 | 24.17 | 9.66 | 14.07 | 5.79 | 0.80 | -3.61 | 24.40 | 5.99 | 84.06 | 25.24 | 95.01 | 9.63 | 4.99 | -62.59 | 0.00 | 0 | 22.33 | 2.06 |
| 2015 (2) | 7.31 | -7.12 | 39.32 | 1.05 | 16.55 | -7.44 | 3.13 | 10.72 | 19.10 | -5.73 | 15.60 | -11.06 | 22.04 | -15.26 | 13.30 | -17.75 | 0.83 | -8.79 | 23.02 | -2.29 | 67.12 | -7.99 | 86.67 | -2.06 | 13.33 | 13.18 | 0.00 | 0 | 21.88 | 3.35 |
| 2014 (1) | 7.87 | 30.08 | 38.91 | 0 | 17.88 | 0 | 2.83 | -6.95 | 20.26 | 0 | 17.54 | 0 | 26.01 | 0 | 16.17 | 0 | 0.91 | 5.81 | 23.56 | 4.62 | 72.95 | 42.42 | 88.49 | 0.34 | 11.78 | -0.21 | 0.00 | 0 | 21.17 | -2.58 |
