- 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) | 0.78 | 1214.29 | -38.1 | 22.38 | 240.12 | 50.61 | 12.94 | 1298.15 | 30.31 | 14.63 | 4402.94 | 44.71 | 11.65 | 1612.99 | 44.36 | 3.28 | 1271.43 | -39.71 | 1.78 | 1286.67 | -23.61 | 0.15 | -21.05 | -46.43 | 26.48 | 209.71 | 75.25 | 74.10 | -22.99 | -45.36 | 89.19 | -77.7 | -9.3 | 10.81 | 105.41 | 548.65 | 26.79 | 32.23 | 121.59 |
| 24Q2 (19) | -0.07 | -111.11 | -112.07 | 6.58 | -56.48 | -50.71 | -1.08 | -113.99 | -115.91 | -0.34 | -104.21 | -104.21 | -0.77 | -112.34 | -112.75 | -0.28 | -111.11 | -111.2 | -0.15 | -112.0 | -112.71 | 0.19 | -5.0 | 0.0 | 8.55 | -46.89 | -46.63 | 96.22 | 7.97 | -29.94 | 400.00 | 313.33 | 364.0 | -200.00 | -6300.0 | -1260.0 | 20.26 | 24.29 | 12.99 |
| 24Q1 (18) | 0.63 | -41.67 | 85.29 | 15.12 | -0.66 | 41.44 | 7.72 | -6.88 | 151.47 | 8.08 | -14.59 | 107.71 | 6.24 | -17.57 | 101.94 | 2.52 | -43.24 | 73.79 | 1.25 | -37.5 | 64.47 | 0.20 | -23.08 | -16.67 | 16.10 | 4.55 | 77.51 | 89.12 | -23.32 | -3.79 | 96.77 | 9.68 | 19.11 | 3.23 | -72.58 | -82.8 | 16.30 | 27.15 | 16.43 |
| 23Q4 (17) | 1.08 | -14.29 | 25.58 | 15.22 | 2.42 | -23.67 | 8.29 | -16.52 | -5.8 | 9.46 | -6.43 | -11.51 | 7.57 | -6.2 | -11.46 | 4.44 | -18.38 | 19.03 | 2.00 | -14.16 | 5.82 | 0.26 | -7.14 | 18.18 | 15.40 | 1.92 | -2.47 | 116.23 | -14.3 | 21.01 | 88.24 | -10.27 | 9.63 | 11.76 | 605.88 | -31.09 | 12.82 | 6.04 | -22.54 |
| 23Q3 (16) | 1.26 | 117.24 | 36.96 | 14.86 | 11.31 | -29.27 | 9.93 | 46.24 | -13.05 | 10.11 | 25.12 | -20.46 | 8.07 | 33.61 | -20.65 | 5.44 | 117.6 | 31.72 | 2.33 | 97.46 | 15.92 | 0.28 | 47.37 | 40.0 | 15.11 | -5.68 | -24.22 | 135.62 | -1.25 | 33.71 | 98.33 | 14.07 | 8.42 | 1.67 | -90.33 | -82.08 | 12.09 | -32.57 | -35.31 |
| 23Q2 (15) | 0.58 | 70.59 | -31.76 | 13.35 | 24.88 | -21.98 | 6.79 | 121.17 | -36.78 | 8.08 | 107.71 | -26.88 | 6.04 | 95.47 | -31.75 | 2.50 | 72.41 | -35.4 | 1.18 | 55.26 | -35.52 | 0.19 | -20.83 | -5.0 | 16.02 | 76.63 | -4.93 | 137.33 | 48.26 | 24.22 | 86.21 | 6.1 | -11.58 | 17.24 | -8.05 | 589.66 | 17.93 | 28.07 | 12.48 |
| 23Q1 (14) | 0.34 | -60.47 | 61.9 | 10.69 | -46.39 | 7.98 | 3.07 | -65.11 | 58.25 | 3.89 | -63.61 | 5.14 | 3.09 | -63.86 | 7.67 | 1.45 | -61.13 | 54.26 | 0.76 | -59.79 | 72.73 | 0.24 | 9.09 | 60.0 | 9.07 | -42.56 | -25.23 | 92.63 | -3.56 | -20.43 | 81.25 | 0.95 | 62.5 | 18.75 | 9.82 | -62.5 | 14.00 | -15.41 | -31.47 |
| 22Q4 (13) | 0.86 | -6.52 | 19.44 | 19.94 | -5.09 | 45.55 | 8.80 | -22.94 | 218.84 | 10.69 | -15.89 | 29.26 | 8.55 | -15.93 | 28.38 | 3.73 | -9.69 | 11.34 | 1.89 | -5.97 | 26.85 | 0.22 | 10.0 | 0.0 | 15.79 | -20.81 | 16.88 | 96.05 | -5.3 | -24.94 | 80.49 | -11.26 | 148.78 | 17.07 | 83.54 | -73.61 | 16.55 | -11.45 | 30.83 |
| 22Q3 (12) | 0.92 | 8.24 | 187.5 | 21.01 | 22.79 | 115.93 | 11.42 | 6.33 | 407.56 | 12.71 | 15.02 | 196.96 | 10.17 | 14.92 | 197.37 | 4.13 | 6.72 | 166.45 | 2.01 | 9.84 | 195.59 | 0.20 | 0.0 | 0.0 | 19.94 | 18.34 | 82.6 | 101.43 | -8.25 | -22.1 | 90.70 | -6.98 | 70.06 | 9.30 | 272.09 | -80.07 | 18.69 | 17.25 | 37.73 |
| 22Q2 (11) | 0.85 | 304.76 | 226.92 | 17.11 | 72.83 | 215.68 | 10.74 | 453.61 | 4769.57 | 11.05 | 198.65 | 321.76 | 8.85 | 208.36 | 256.85 | 3.87 | 311.7 | 222.5 | 1.83 | 315.91 | 226.79 | 0.20 | 33.33 | -9.09 | 16.85 | 38.91 | 94.35 | 110.55 | -5.03 | -16.99 | 97.50 | 95.0 | 1075.0 | 2.50 | -95.0 | -97.73 | 15.94 | -21.98 | 12.1 |
| 22Q1 (10) | 0.21 | -70.83 | 75.0 | 9.90 | -27.74 | -13.01 | 1.94 | -29.71 | -11.01 | 3.70 | -55.26 | 75.36 | 2.87 | -56.91 | 69.82 | 0.94 | -71.94 | 77.36 | 0.44 | -70.47 | 62.96 | 0.15 | -31.82 | 0.0 | 12.13 | -10.21 | 6.78 | 116.41 | -9.03 | 13.98 | 50.00 | 54.55 | -50.0 | 50.00 | -22.73 | 0 | 20.43 | 61.5 | -13.03 |
| 21Q4 (9) | 0.72 | 125.0 | -37.93 | 13.70 | 40.8 | -8.36 | 2.76 | 22.67 | -73.07 | 8.27 | 93.22 | -33.31 | 6.66 | 94.74 | -35.28 | 3.35 | 116.13 | -38.08 | 1.49 | 119.12 | -43.98 | 0.22 | 10.0 | -15.38 | 13.51 | 23.72 | -18.96 | 127.96 | -1.72 | 11.35 | 32.35 | -39.34 | -61.03 | 64.71 | 38.66 | 281.05 | 12.65 | -6.78 | -16.17 |
| 21Q3 (8) | 0.32 | 23.08 | -56.16 | 9.73 | 79.52 | -26.73 | 2.25 | 1078.26 | -71.37 | 4.28 | 63.36 | -52.92 | 3.42 | 37.9 | -53.47 | 1.55 | 29.17 | -56.58 | 0.68 | 21.43 | -60.69 | 0.20 | -9.09 | -16.67 | 10.92 | 25.95 | -22.55 | 130.20 | -2.23 | 38.76 | 53.33 | 633.33 | -39.56 | 46.67 | -57.58 | 217.33 | 13.57 | -4.57 | -23.59 |
| 21Q2 (7) | 0.26 | 116.67 | 73.33 | 5.42 | -52.37 | -8.6 | -0.23 | -110.55 | 77.0 | 2.62 | 24.17 | 14.41 | 2.48 | 46.75 | 36.26 | 1.20 | 126.42 | 69.01 | 0.56 | 107.41 | 64.71 | 0.22 | 46.67 | 15.79 | 8.67 | -23.68 | 1.76 | 133.17 | 30.39 | 10.86 | -10.00 | -110.0 | 76.67 | 110.00 | 0 | -23.0 | 14.22 | -39.46 | 0 |
| 21Q1 (6) | 0.12 | -89.66 | -50.0 | 11.38 | -23.88 | -21.35 | 2.18 | -78.73 | -53.22 | 2.11 | -82.98 | -56.85 | 1.69 | -83.58 | -56.78 | 0.53 | -90.2 | -51.38 | 0.27 | -89.85 | -50.0 | 0.15 | -42.31 | 7.14 | 11.36 | -31.85 | -15.16 | 102.13 | -11.13 | 7.82 | 100.00 | 20.45 | 10.0 | 0.00 | -100.0 | -100.0 | 23.49 | 55.67 | 0 |
| 20Q4 (5) | 1.16 | 58.9 | 383.33 | 14.95 | 12.58 | -9.17 | 10.25 | 30.41 | 482.39 | 12.40 | 36.41 | 390.12 | 10.29 | 40.0 | 411.94 | 5.41 | 51.54 | 383.04 | 2.66 | 53.76 | 366.67 | 0.26 | 8.33 | -10.34 | 16.67 | 18.23 | 155.67 | 114.92 | 22.48 | 6.1 | 83.02 | -5.91 | 14.15 | 16.98 | 15.47 | -37.74 | 15.09 | -15.03 | -2.83 |
| 20Q3 (4) | 0.73 | 386.67 | 0.0 | 13.28 | 123.95 | 0.0 | 7.86 | 886.0 | 0.0 | 9.09 | 296.94 | 0.0 | 7.35 | 303.85 | 0.0 | 3.57 | 402.82 | 0.0 | 1.73 | 408.82 | 0.0 | 0.24 | 26.32 | 0.0 | 14.10 | 65.49 | 0.0 | 93.83 | -21.89 | 0.0 | 88.24 | 305.88 | 0.0 | 14.71 | -89.71 | 0.0 | 17.76 | 0 | 0.0 |
| 20Q2 (3) | 0.15 | -37.5 | 0.0 | 5.93 | -59.02 | 0.0 | -1.00 | -121.46 | 0.0 | 2.29 | -53.17 | 0.0 | 1.82 | -53.45 | 0.0 | 0.71 | -34.86 | 0.0 | 0.34 | -37.04 | 0.0 | 0.19 | 35.71 | 0.0 | 8.52 | -36.37 | 0.0 | 120.12 | 26.82 | 0.0 | -42.86 | -147.14 | 0.0 | 142.86 | 1471.43 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.24 | 0.0 | 0.0 | 14.47 | -12.09 | 0.0 | 4.66 | 164.77 | 0.0 | 4.89 | 93.28 | 0.0 | 3.91 | 94.53 | 0.0 | 1.09 | -2.68 | 0.0 | 0.54 | -5.26 | 0.0 | 0.14 | -51.72 | 0.0 | 13.39 | 105.37 | 0.0 | 94.72 | -12.55 | 0.0 | 90.91 | 25.0 | 0.0 | 9.09 | -66.67 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.24 | 0.0 | 0.0 | 16.46 | 0.0 | 0.0 | 1.76 | 0.0 | 0.0 | 2.53 | 0.0 | 0.0 | 2.01 | 0.0 | 0.0 | 1.12 | 0.0 | 0.0 | 0.57 | 0.0 | 0.0 | 0.29 | 0.0 | 0.0 | 6.52 | 0.0 | 0.0 | 108.31 | 0.0 | 0.0 | 72.73 | 0.0 | 0.0 | 27.27 | 0.0 | 0.0 | 15.53 | 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) | 3.26 | 15.19 | 13.76 | -21.1 | 7.37 | -14.3 | 0.58 | -34.94 | 8.18 | -17.29 | 6.45 | -18.35 | 13.51 | 7.82 | 6.63 | 10.87 | 1.01 | 34.67 | 14.09 | -13.61 | 116.23 | 21.01 | 90.38 | 3.52 | 10.26 | -19.16 | 18.81 | 102.8 | 13.82 | -21.92 |
| 2022 (9) | 2.83 | 100.71 | 17.44 | 74.57 | 8.60 | 405.88 | 0.89 | 14.4 | 9.89 | 116.89 | 7.90 | 109.55 | 12.53 | 93.66 | 5.98 | 101.35 | 0.75 | -3.85 | 16.31 | 46.67 | 96.05 | -24.94 | 87.31 | 136.47 | 12.69 | -79.89 | 9.27 | -17.59 | 17.70 | 15.46 |
| 2021 (8) | 1.41 | -37.89 | 9.99 | -18.98 | 1.70 | -71.95 | 0.77 | -6.26 | 4.56 | -42.13 | 3.77 | -41.46 | 6.47 | -38.38 | 2.97 | -40.36 | 0.78 | 1.3 | 11.12 | -17.69 | 127.96 | 11.35 | 36.92 | -52.14 | 63.08 | 175.96 | 11.25 | 2.72 | 15.33 | -17.89 |
| 2020 (7) | 2.27 | -18.93 | 12.33 | -33.28 | 6.06 | -42.23 | 0.83 | 5.89 | 7.88 | -29.71 | 6.44 | -27.88 | 10.50 | -22.51 | 4.98 | -21.94 | 0.77 | 8.45 | 13.51 | -20.44 | 114.92 | 6.1 | 77.14 | -17.76 | 22.86 | 268.57 | 10.96 | 25.39 | 18.67 | -11.43 |
| 2019 (6) | 2.80 | 85.43 | 18.48 | 53.87 | 10.49 | 120.38 | 0.78 | 56.37 | 11.21 | 104.56 | 8.93 | 102.49 | 13.55 | 80.91 | 6.38 | 89.88 | 0.71 | -4.05 | 16.98 | 57.08 | 108.31 | -8.68 | 93.80 | 8.61 | 6.20 | -54.52 | 8.74 | -5.34 | 21.08 | 10.19 |
| 2018 (5) | 1.51 | 0.67 | 12.01 | 83.08 | 4.76 | 16.1 | 0.50 | 139.24 | 5.48 | 25.69 | 4.41 | 23.53 | 7.49 | 2.32 | 3.36 | 10.53 | 0.74 | -9.76 | 10.81 | 30.71 | 118.60 | -16.65 | 86.36 | -7.78 | 13.64 | 114.77 | 9.23 | 0 | 19.13 | 19.71 |
| 2017 (4) | 1.50 | -38.78 | 6.56 | 25.91 | 4.10 | 26.93 | 0.21 | 14.32 | 4.36 | -25.34 | 3.57 | -26.69 | 7.32 | -38.8 | 3.04 | -39.32 | 0.82 | -18.0 | 8.27 | -8.11 | 142.29 | -8.52 | 93.65 | 69.63 | 6.35 | -85.83 | 0.00 | 0 | 15.98 | 12.54 |
| 2016 (3) | 2.45 | 82.84 | 5.21 | -37.3 | 3.23 | -27.9 | 0.18 | -43.24 | 5.84 | 32.13 | 4.87 | 40.75 | 11.96 | 67.51 | 5.01 | 51.36 | 1.00 | 5.26 | 9.00 | 31.77 | 155.54 | 16.17 | 55.21 | -45.78 | 44.79 | 0 | 0.00 | 0 | 14.20 | 2.6 |
| 2015 (2) | 1.34 | -40.18 | 8.31 | -7.46 | 4.48 | -13.35 | 0.32 | 20.37 | 4.42 | -39.29 | 3.46 | -42.04 | 7.14 | -40.1 | 3.31 | -50.08 | 0.95 | -14.41 | 6.83 | -14.73 | 133.89 | 36.57 | 101.82 | 43.95 | -1.82 | 0 | 0.00 | 0 | 13.84 | 29.59 |
| 2014 (1) | 2.24 | -27.97 | 8.98 | 0 | 5.17 | 0 | 0.27 | 35.59 | 7.28 | 0 | 5.97 | 0 | 11.92 | 0 | 6.63 | 0 | 1.11 | 0.0 | 8.01 | -28.61 | 98.04 | 60.75 | 70.73 | -27.27 | 29.27 | 697.56 | 0.00 | 0 | 10.68 | 18.8 |
