- 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) | 1.76 | 18.92 | 15.79 | 24.17 | 30.02 | 4.81 | 15.20 | 75.93 | 81.82 | 12.01 | -0.83 | -9.02 | 9.13 | -0.44 | -5.97 | 2.44 | 16.19 | 9.91 | 1.58 | 17.04 | 12.06 | 0.16 | 14.29 | 14.29 | 21.66 | -2.7 | -7.24 | 62.98 | 1.71 | -3.29 | 126.69 | 78.16 | 99.69 | -26.69 | -193.84 | -173.02 | 17.97 | -16.18 | -19.34 |
| 24Q2 (19) | 1.48 | -1.33 | 28.7 | 18.59 | 9.61 | -9.58 | 8.64 | 165.03 | 0.58 | 12.11 | -12.69 | 27.74 | 9.17 | -13.0 | 27.54 | 2.10 | -3.23 | 22.09 | 1.35 | -3.57 | 26.17 | 0.14 | 7.69 | 0.0 | 22.26 | -12.05 | 16.67 | 61.92 | -5.23 | -11.16 | 71.11 | 204.57 | -21.69 | 28.44 | -62.89 | 209.33 | 21.44 | -6.7 | -0.19 |
| 24Q1 (18) | 1.50 | 248.84 | 8.7 | 16.96 | -19.28 | -23.78 | 3.26 | -70.36 | -74.15 | 13.87 | 274.86 | 8.87 | 10.54 | 246.71 | 23.42 | 2.17 | 250.0 | 8.5 | 1.40 | 204.35 | 12.0 | 0.13 | 8.33 | -7.14 | 25.31 | 64.99 | 14.06 | 65.34 | 7.24 | -10.48 | 23.35 | -92.13 | -76.45 | 76.65 | 138.98 | 8983.26 | 22.98 | 7.08 | 7.63 |
| 23Q4 (17) | 0.43 | -71.71 | -83.4 | 21.01 | -8.89 | -23.54 | 11.00 | 31.58 | -39.79 | 3.70 | -71.97 | -77.36 | 3.04 | -68.69 | -77.28 | 0.62 | -72.07 | -83.24 | 0.46 | -67.38 | -79.65 | 0.12 | -14.29 | -25.0 | 15.34 | -34.3 | -36.66 | 60.93 | -6.43 | -5.34 | 296.67 | 367.59 | 164.67 | -196.67 | -638.01 | -1564.81 | 21.46 | -3.68 | 11.89 |
| 23Q3 (16) | 1.52 | 32.17 | -58.58 | 23.06 | 12.16 | -16.87 | 8.36 | -2.68 | -54.86 | 13.20 | 39.24 | -43.05 | 9.71 | 35.05 | -45.48 | 2.22 | 29.07 | -59.49 | 1.41 | 31.78 | -55.8 | 0.14 | 0.0 | -22.22 | 23.35 | 22.38 | -23.01 | 65.12 | -6.57 | -8.06 | 63.45 | -30.13 | -20.55 | 36.55 | 297.53 | 81.46 | 22.28 | 3.72 | 16.28 |
| 23Q2 (15) | 1.15 | -16.67 | -63.02 | 20.56 | -7.6 | -26.65 | 8.59 | -31.88 | -53.37 | 9.48 | -25.59 | -53.91 | 7.19 | -15.81 | -54.09 | 1.72 | -14.0 | -64.83 | 1.07 | -14.4 | -61.37 | 0.14 | 0.0 | -17.65 | 19.08 | -14.02 | -31.61 | 69.70 | -4.51 | -9.9 | 90.80 | -8.42 | 1.35 | 9.20 | 989.66 | -11.61 | 21.48 | 0.61 | 11.41 |
| 23Q1 (14) | 1.38 | -46.72 | -51.06 | 22.25 | -19.03 | -11.92 | 12.61 | -30.98 | -18.17 | 12.74 | -22.03 | -32.66 | 8.54 | -36.17 | -38.56 | 2.00 | -45.95 | -55.46 | 1.25 | -44.69 | -51.92 | 0.14 | -12.5 | -22.22 | 22.19 | -8.38 | -14.69 | 72.99 | 13.39 | -9.39 | 99.16 | -11.54 | 21.74 | 0.84 | 107.14 | -95.45 | 21.35 | 11.31 | 15.16 |
| 22Q4 (13) | 2.59 | -29.43 | 7.92 | 27.48 | -0.94 | 0.48 | 18.27 | -1.35 | 15.05 | 16.34 | -29.51 | -2.85 | 13.38 | -24.87 | 6.27 | 3.70 | -32.48 | -4.64 | 2.26 | -29.15 | 0.44 | 0.16 | -11.11 | -11.11 | 24.22 | -20.15 | -0.21 | 64.37 | -9.12 | -7.5 | 112.09 | 40.36 | 18.85 | -11.81 | -158.64 | -307.57 | 19.18 | 0.1 | -6.39 |
| 22Q3 (12) | 3.67 | 18.01 | 43.36 | 27.74 | -1.03 | -3.55 | 18.52 | 0.54 | -0.59 | 23.18 | 12.69 | 25.03 | 17.81 | 13.73 | 27.95 | 5.48 | 12.07 | 26.85 | 3.19 | 15.16 | 33.47 | 0.18 | 5.88 | 5.88 | 30.33 | 8.71 | 16.43 | 70.83 | -8.44 | -12.78 | 79.85 | -10.87 | -20.55 | 20.15 | 93.64 | 4048.46 | 19.16 | -0.62 | -6.72 |
| 22Q2 (11) | 3.11 | 10.28 | 22.92 | 28.03 | 10.97 | 1.08 | 18.42 | 19.53 | 1.77 | 20.57 | 8.72 | 26.43 | 15.66 | 12.66 | 20.74 | 4.89 | 8.91 | 13.99 | 2.77 | 6.54 | 14.46 | 0.17 | -5.56 | -5.56 | 27.90 | 7.27 | 19.69 | 77.36 | -3.96 | -9.38 | 89.60 | 10.0 | -19.45 | 10.40 | -43.92 | 192.62 | 19.28 | 3.99 | -2.18 |
| 22Q1 (10) | 2.82 | 17.5 | -6.0 | 25.26 | -7.64 | -5.32 | 15.41 | -2.96 | -13.67 | 18.92 | 12.49 | -3.57 | 13.90 | 10.41 | -7.89 | 4.49 | 15.72 | -14.8 | 2.60 | 15.56 | -9.41 | 0.18 | 0.0 | -5.26 | 26.01 | 7.17 | -2.25 | 80.55 | 15.75 | 8.08 | 81.45 | -13.64 | -10.49 | 18.55 | 225.99 | 105.93 | 18.54 | -9.52 | -3.79 |
| 21Q4 (9) | 2.40 | -6.25 | -8.05 | 27.35 | -4.9 | -8.47 | 15.88 | -14.76 | -26.28 | 16.82 | -9.28 | -12.4 | 12.59 | -9.55 | -8.1 | 3.88 | -10.19 | -20.98 | 2.25 | -5.86 | -6.25 | 0.18 | 5.88 | 5.88 | 24.27 | -6.83 | -11.0 | 69.59 | -14.31 | -30.53 | 94.31 | -6.17 | -15.96 | 5.69 | 1215.45 | 146.6 | 20.49 | -0.24 | 0.74 |
| 21Q3 (8) | 2.56 | 1.19 | 4.92 | 28.76 | 3.71 | 0.35 | 18.63 | 2.93 | 1.36 | 18.54 | 13.95 | 10.62 | 13.92 | 7.32 | 11.09 | 4.32 | 0.7 | -19.55 | 2.39 | -1.24 | 2.14 | 0.17 | -5.56 | -5.56 | 26.05 | 11.75 | 5.55 | 81.21 | -4.87 | -33.4 | 100.51 | -9.64 | -8.15 | -0.51 | 95.46 | 94.75 | 20.54 | 4.21 | 19.35 |
| 21Q2 (7) | 2.53 | -15.67 | 216.25 | 27.73 | 3.94 | 13.88 | 18.10 | 1.4 | 48.0 | 16.27 | -17.07 | 59.35 | 12.97 | -14.05 | 68.01 | 4.29 | -18.6 | 2.88 | 2.42 | -15.68 | 41.52 | 0.18 | -5.26 | -14.29 | 23.31 | -12.4 | 9.39 | 85.37 | 14.54 | -44.89 | 111.23 | 22.25 | -7.01 | -11.23 | -224.68 | 42.74 | 19.71 | 2.28 | 0 |
| 21Q1 (6) | 3.00 | 14.94 | 240.91 | 26.68 | -10.71 | 15.9 | 17.85 | -17.13 | 71.97 | 19.62 | 2.19 | 118.24 | 15.09 | 10.15 | 106.71 | 5.27 | 7.33 | 130.13 | 2.87 | 19.58 | 208.6 | 0.19 | 11.76 | 72.73 | 26.61 | -2.42 | 30.63 | 74.53 | -25.6 | -57.5 | 90.99 | -18.91 | -21.5 | 9.01 | 173.76 | 156.63 | 19.27 | -5.26 | 0 |
| 20Q4 (5) | 2.61 | 6.97 | 33.85 | 29.88 | 4.26 | 14.31 | 21.54 | 17.19 | 30.07 | 19.20 | 14.56 | 23.39 | 13.70 | 9.34 | 16.2 | 4.91 | -8.57 | -5.94 | 2.40 | 2.56 | 22.45 | 0.17 | -5.56 | 6.25 | 27.27 | 10.49 | 13.77 | 100.17 | -17.85 | -46.06 | 112.21 | 2.55 | 5.7 | -12.21 | -25.73 | -84.08 | 20.34 | 18.19 | 0 |
| 20Q3 (4) | 2.44 | 205.0 | 0.0 | 28.66 | 17.7 | 0.0 | 18.38 | 50.29 | 0.0 | 16.76 | 64.15 | 0.0 | 12.53 | 62.31 | 0.0 | 5.37 | 28.78 | 0.0 | 2.34 | 36.84 | 0.0 | 0.18 | -14.29 | 0.0 | 24.68 | 15.81 | 0.0 | 121.93 | -21.29 | 0.0 | 109.43 | -8.52 | 0.0 | -9.71 | 50.48 | 0.0 | 17.21 | 0 | 0.0 |
| 20Q2 (3) | 0.80 | -9.09 | 0.0 | 24.35 | 5.78 | 0.0 | 12.23 | 17.82 | 0.0 | 10.21 | 13.57 | 0.0 | 7.72 | 5.75 | 0.0 | 4.17 | 82.1 | 0.0 | 1.71 | 83.87 | 0.0 | 0.21 | 90.91 | 0.0 | 21.31 | 4.61 | 0.0 | 154.92 | -11.66 | 0.0 | 119.62 | 3.2 | 0.0 | -19.62 | -23.31 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.88 | -54.87 | 0.0 | 23.02 | -11.94 | 0.0 | 10.38 | -37.32 | 0.0 | 8.99 | -42.22 | 0.0 | 7.30 | -38.08 | 0.0 | 2.29 | -56.13 | 0.0 | 0.93 | -52.55 | 0.0 | 0.11 | -31.25 | 0.0 | 20.37 | -15.02 | 0.0 | 175.36 | -5.57 | 0.0 | 115.91 | 9.18 | 0.0 | -15.91 | -139.77 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 1.95 | 0.0 | 0.0 | 26.14 | 0.0 | 0.0 | 16.56 | 0.0 | 0.0 | 15.56 | 0.0 | 0.0 | 11.79 | 0.0 | 0.0 | 5.22 | 0.0 | 0.0 | 1.96 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 23.97 | 0.0 | 0.0 | 185.70 | 0.0 | 0.0 | 106.16 | 0.0 | 0.0 | -6.64 | 0.0 | 0.0 | 0.00 | 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) | 4.47 | -63.36 | 21.73 | -19.87 | 10.13 | -42.61 | 9.38 | 35.34 | 9.96 | -49.72 | 7.24 | -52.43 | 6.40 | -64.78 | 4.23 | -61.79 | 0.54 | -25.0 | 20.13 | -25.88 | 60.93 | -5.34 | 101.83 | 14.27 | -1.69 | 0 | 0.10 | 24.64 | 21.64 | 13.66 |
| 2022 (9) | 12.20 | 16.52 | 27.12 | -1.77 | 17.65 | 0.23 | 6.93 | 1.63 | 19.81 | 11.23 | 15.22 | 11.5 | 18.17 | 0.89 | 11.07 | 11.03 | 0.72 | 0.0 | 27.16 | 8.42 | 64.37 | -7.5 | 89.12 | -9.85 | 10.88 | 849.0 | 0.08 | -32.74 | 19.04 | -4.75 |
| 2021 (8) | 10.47 | 66.99 | 27.61 | 2.26 | 17.61 | 7.18 | 6.82 | -19.57 | 17.81 | 22.66 | 13.65 | 26.74 | 18.01 | 23.27 | 9.97 | 47.92 | 0.72 | 20.0 | 25.05 | 4.9 | 69.59 | -30.53 | 98.85 | -12.58 | 1.15 | 0 | 0.12 | -7.59 | 19.99 | -0.45 |
| 2020 (7) | 6.27 | -17.5 | 27.00 | 3.85 | 16.43 | -2.67 | 8.48 | 3.72 | 14.52 | -10.48 | 10.77 | -9.72 | 14.61 | -40.71 | 6.74 | -30.73 | 0.60 | -22.08 | 23.88 | -5.98 | 100.17 | -39.2 | 113.08 | 8.67 | -13.17 | 0 | 0.13 | -16.53 | 20.08 | 3.61 |
| 2019 (6) | 7.60 | 24.59 | 26.00 | -10.56 | 16.88 | -8.81 | 8.17 | 8.61 | 16.22 | -1.22 | 11.93 | 5.67 | 24.64 | 43.09 | 9.73 | 24.74 | 0.77 | 18.46 | 25.40 | 1.36 | 164.76 | -2.92 | 104.05 | -7.64 | -4.05 | 0 | 0.16 | -17.98 | 19.38 | 0.57 |
| 2018 (5) | 6.10 | -16.67 | 29.07 | -8.81 | 18.51 | -14.54 | 7.53 | 17.65 | 16.42 | -19.71 | 11.29 | -23.77 | 17.22 | -19.42 | 7.80 | -31.7 | 0.65 | -14.47 | 25.06 | -8.17 | 169.72 | 68.14 | 112.65 | 6.36 | -12.65 | 0 | 0.19 | 0 | 19.27 | 13.42 |
| 2017 (4) | 7.32 | 23.03 | 31.88 | 8.51 | 21.66 | 6.54 | 6.40 | -10.12 | 20.45 | 5.52 | 14.81 | 7.09 | 21.37 | 16.97 | 11.42 | 8.76 | 0.76 | 2.7 | 27.29 | 0.78 | 100.94 | 26.14 | 105.92 | 1.04 | -5.92 | 0 | 0.00 | 0 | 16.99 | -12.38 |
| 2016 (3) | 5.95 | 59.09 | 29.38 | 28.47 | 20.33 | 54.48 | 7.12 | -20.94 | 19.38 | 57.18 | 13.83 | 45.43 | 18.27 | 52.89 | 10.50 | 54.64 | 0.74 | 7.25 | 27.08 | 24.11 | 80.02 | 1.19 | 104.82 | -1.92 | -4.82 | 0 | 0.00 | 0 | 19.39 | -2.12 |
| 2015 (2) | 3.74 | -12.41 | 22.87 | -10.8 | 13.16 | -12.85 | 9.00 | 3.97 | 12.33 | -23.03 | 9.51 | -16.94 | 11.95 | -23.4 | 6.79 | -21.5 | 0.69 | -6.76 | 21.82 | -12.75 | 79.08 | -6.89 | 106.88 | 13.46 | -6.61 | 0 | 0.00 | 0 | 19.81 | -3.55 |
| 2014 (1) | 4.27 | 52.5 | 25.64 | 0 | 15.10 | 0 | 8.66 | 19.91 | 16.02 | 0 | 11.45 | 0 | 15.60 | 0 | 8.65 | 0 | 0.74 | -3.9 | 25.01 | 28.13 | 84.93 | 1.91 | 94.20 | -1.32 | 5.80 | 27.68 | 0.00 | 0 | 20.54 | -18.46 |
