- 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) | 0.95 | -12.04 | 131.71 | 35.41 | 20.03 | 56.61 | 14.31 | 17.68 | 341.67 | 8.82 | -20.47 | 62.73 | 6.11 | -16.3 | 94.59 | 3.25 | -16.02 | 105.7 | 1.42 | -13.41 | 89.33 | 0.20 | 0.0 | 11.11 | 14.72 | -14.81 | 17.95 | 159.04 | -2.52 | -9.49 | 161.33 | 48.3 | 173.57 | -62.67 | -533.63 | -252.75 | 28.70 | 36.8 | 19.53 |
| 24Q2 (19) | 1.08 | 24.14 | 28.57 | 29.50 | -5.42 | 1.69 | 12.16 | 41.89 | 23.08 | 11.09 | 4.52 | 12.7 | 7.30 | 5.49 | 3.84 | 3.87 | 18.71 | 12.17 | 1.64 | 17.14 | 18.84 | 0.20 | 11.11 | 17.65 | 17.28 | -1.99 | -1.71 | 163.15 | -0.23 | -10.54 | 108.79 | 34.61 | 8.79 | -9.89 | -151.57 | 0 | 20.98 | -9.76 | -14.54 |
| 24Q1 (18) | 0.87 | 128.95 | 128.95 | 31.19 | 3.14 | 2.36 | 8.57 | 17.56 | -19.61 | 10.61 | 224.46 | 10.98 | 6.92 | 174.6 | 84.04 | 3.26 | 120.27 | 100.0 | 1.40 | 91.78 | 89.19 | 0.18 | -14.29 | 28.57 | 17.63 | 91.63 | -3.03 | 163.52 | -3.67 | -17.48 | 80.82 | -64.23 | -27.26 | 19.18 | 115.23 | 272.6 | 23.25 | -4.95 | -11.87 |
| 23Q4 (17) | 0.38 | -7.32 | 660.0 | 30.24 | 33.75 | 13.98 | 7.29 | 125.0 | 1046.75 | 3.27 | -39.67 | 24.81 | 2.52 | -19.75 | 447.83 | 1.48 | -6.33 | 543.48 | 0.73 | -2.67 | 180.77 | 0.21 | 16.67 | 31.25 | 9.20 | -26.28 | -19.09 | 169.75 | -3.39 | -17.07 | 225.93 | 283.09 | 868.15 | -125.93 | -406.94 | -197.31 | 24.46 | 1.87 | -10.5 |
| 23Q3 (16) | 0.41 | -51.19 | -46.75 | 22.61 | -22.06 | -14.61 | 3.24 | -67.21 | -5.26 | 5.42 | -44.92 | -26.16 | 3.14 | -55.33 | -50.55 | 1.58 | -54.2 | -53.94 | 0.75 | -45.65 | -40.48 | 0.18 | 5.88 | 5.88 | 12.48 | -29.01 | -32.58 | 175.71 | -3.65 | -19.53 | 58.97 | -41.03 | 25.64 | 41.03 | 0 | -22.68 | 24.01 | -2.2 | -5.66 |
| 23Q2 (15) | 0.84 | 121.05 | 52.73 | 29.01 | -4.79 | 28.82 | 9.88 | -7.32 | 83.64 | 9.84 | 2.93 | 65.1 | 7.03 | 86.97 | 50.86 | 3.45 | 111.66 | 34.77 | 1.38 | 86.49 | 43.75 | 0.17 | 21.43 | 0.0 | 17.58 | -3.3 | 25.04 | 182.37 | -7.97 | -16.77 | 100.00 | -10.0 | 11.43 | 0.00 | 100.0 | -100.0 | 24.55 | -6.94 | 10.84 |
| 23Q1 (14) | 0.38 | 660.0 | -36.67 | 30.47 | 14.85 | 18.7 | 10.66 | 1484.42 | 464.02 | 9.56 | 264.89 | 55.7 | 3.76 | 717.39 | -30.24 | 1.63 | 608.7 | -44.56 | 0.74 | 184.62 | -28.16 | 0.14 | -12.5 | -12.5 | 18.18 | 59.89 | 24.44 | 198.17 | -3.19 | -13.74 | 111.11 | 477.78 | 251.85 | -11.11 | -108.59 | -116.24 | 26.38 | -3.48 | 11.97 |
| 22Q4 (13) | 0.05 | -93.51 | 104.59 | 26.53 | 0.19 | 74.2 | -0.77 | -122.51 | 72.6 | 2.62 | -64.31 | 166.5 | 0.46 | -92.76 | 104.97 | 0.23 | -93.29 | 104.36 | 0.26 | -79.37 | 119.12 | 0.16 | -5.88 | -5.88 | 11.37 | -38.57 | 98.78 | 204.70 | -6.26 | -14.85 | -29.41 | -162.66 | -140.85 | 129.41 | 143.89 | 362.18 | 27.33 | 7.39 | 51.92 |
| 22Q3 (12) | 0.77 | 40.0 | 179.38 | 26.48 | 17.58 | 43.29 | 3.42 | -36.43 | 168.26 | 7.34 | 23.15 | 192.33 | 6.35 | 36.27 | 162.75 | 3.43 | 33.98 | 177.43 | 1.26 | 31.25 | 201.61 | 0.17 | 0.0 | 21.43 | 18.51 | 31.65 | 652.44 | 218.36 | -0.35 | -7.67 | 46.94 | -47.7 | -24.18 | 53.06 | 417.35 | 39.29 | 25.45 | 14.9 | -3.53 |
| 22Q2 (11) | 0.55 | -8.33 | 339.13 | 22.52 | -12.27 | -11.23 | 5.38 | 184.66 | 373.1 | 5.96 | -2.93 | 290.42 | 4.66 | -13.54 | 277.86 | 2.56 | -12.93 | 358.59 | 0.96 | -6.8 | 700.0 | 0.17 | 6.25 | 30.77 | 14.06 | -3.76 | 62.92 | 219.12 | -4.62 | 12.35 | 89.74 | 184.19 | 49.57 | 10.26 | -85.01 | -74.36 | 22.15 | -5.98 | -19.57 |
| 22Q1 (10) | 0.60 | 155.05 | 155.56 | 25.67 | 68.55 | 44.05 | 1.89 | 167.26 | 113.67 | 6.14 | 255.84 | 130.73 | 5.39 | 158.27 | 134.01 | 2.94 | 155.68 | 164.47 | 1.03 | 175.74 | 174.1 | 0.16 | -5.88 | 60.0 | 14.61 | 155.42 | 402.48 | 229.74 | -4.43 | 17.3 | 31.58 | -56.14 | -54.45 | 68.42 | 144.36 | 123.11 | 23.56 | 30.96 | -33.45 |
| 21Q4 (9) | -1.09 | -12.37 | 70.54 | 15.23 | -17.59 | -14.2 | -2.81 | 43.91 | 37.83 | -3.94 | 50.44 | 90.49 | -9.25 | 8.6 | 72.77 | -5.28 | -19.19 | 61.66 | -1.36 | -9.68 | 71.9 | 0.17 | 21.43 | 13.33 | 5.72 | 132.52 | 118.98 | 240.39 | 1.64 | 31.36 | 72.00 | 16.31 | 559.08 | 28.00 | -26.5 | -68.57 | 17.99 | -31.8 | -11.29 |
| 21Q3 (8) | -0.97 | -321.74 | -155.26 | 18.48 | -27.16 | 120.79 | -5.01 | -154.31 | 59.0 | -7.95 | -153.99 | -15.55 | -10.12 | -286.26 | -113.05 | -4.43 | -347.47 | -221.01 | -1.24 | -675.0 | -287.5 | 0.14 | 7.69 | 27.27 | 2.46 | -71.49 | -66.85 | 236.51 | 21.26 | 42.58 | 61.90 | 3.17 | -64.46 | 38.10 | -4.76 | 149.21 | 26.38 | -4.21 | -7.57 |
| 21Q2 (7) | -0.23 | 78.7 | 79.46 | 25.37 | 42.37 | 84.91 | -1.97 | 85.76 | 84.1 | -3.13 | 84.33 | 76.48 | -2.62 | 83.47 | 75.05 | -0.99 | 78.29 | 74.55 | -0.16 | 88.49 | 86.44 | 0.13 | 30.0 | 0.0 | 8.63 | 278.67 | 488.74 | 195.04 | -0.42 | 10.97 | 60.00 | -13.46 | -35.89 | 40.00 | 30.43 | 524.0 | 27.54 | -22.2 | 0 |
| 21Q1 (6) | -1.08 | 70.81 | 34.55 | 17.82 | 0.39 | 1.54 | -13.83 | -205.97 | 12.41 | -19.98 | 51.79 | -7.59 | -15.85 | 53.34 | -3.46 | -4.56 | 66.88 | 10.24 | -1.39 | 71.28 | 0.71 | 0.10 | -33.33 | -9.09 | -4.83 | 83.97 | -12.59 | 195.86 | 7.03 | 6.15 | 69.33 | 534.67 | -18.06 | 30.67 | -65.57 | 99.33 | 35.40 | 74.56 | 0 |
| 20Q4 (5) | -3.70 | -873.68 | -189.06 | 17.75 | 112.07 | 17.01 | -4.52 | 63.01 | 24.03 | -41.44 | -502.33 | -434.02 | -33.97 | -615.16 | -440.06 | -13.77 | -897.83 | -227.08 | -4.84 | -1412.5 | -263.91 | 0.15 | 36.36 | -40.0 | -30.14 | -506.2 | -1216.16 | 183.00 | 10.32 | -24.29 | 10.92 | -93.73 | -85.73 | 89.08 | 215.06 | 280.06 | 20.28 | -28.94 | 0 |
| 20Q3 (4) | -0.38 | 66.07 | 0.0 | 8.37 | -38.99 | 0.0 | -12.22 | 1.37 | 0.0 | -6.88 | 48.31 | 0.0 | -4.75 | 54.76 | 0.0 | -1.38 | 64.52 | 0.0 | -0.32 | 72.88 | 0.0 | 0.11 | -15.38 | 0.0 | 7.42 | 434.23 | 0.0 | 165.88 | -5.62 | 0.0 | 174.19 | 86.12 | 0.0 | -77.42 | -1307.74 | 0.0 | 28.54 | 0 | 0.0 |
| 20Q2 (3) | -1.12 | 32.12 | 0.0 | 13.72 | -21.82 | 0.0 | -12.39 | 21.53 | 0.0 | -13.31 | 28.33 | 0.0 | -10.50 | 31.46 | 0.0 | -3.89 | 23.43 | 0.0 | -1.18 | 15.71 | 0.0 | 0.13 | 18.18 | 0.0 | -2.22 | 48.25 | 0.0 | 175.76 | -4.74 | 0.0 | 93.59 | 10.61 | 0.0 | 6.41 | -58.33 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -1.65 | -28.91 | 0.0 | 17.55 | 15.69 | 0.0 | -15.79 | -165.38 | 0.0 | -18.57 | -139.3 | 0.0 | -15.32 | -143.56 | 0.0 | -5.08 | -20.67 | 0.0 | -1.40 | -5.26 | 0.0 | 0.11 | -56.0 | 0.0 | -4.29 | -87.34 | 0.0 | 184.51 | -23.67 | 0.0 | 84.62 | 10.52 | 0.0 | 15.38 | -34.36 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -1.28 | 0.0 | 0.0 | 15.17 | 0.0 | 0.0 | -5.95 | 0.0 | 0.0 | -7.76 | 0.0 | 0.0 | -6.29 | 0.0 | 0.0 | -4.21 | 0.0 | 0.0 | -1.33 | 0.0 | 0.0 | 0.25 | 0.0 | 0.0 | -2.29 | 0.0 | 0.0 | 241.72 | 0.0 | 0.0 | 76.56 | 0.0 | 0.0 | 23.44 | 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) | 2.02 | 2.02 | 28.03 | 10.75 | 7.55 | 203.21 | 4.80 | -28.72 | 6.66 | 20.65 | 4.01 | -4.75 | 8.21 | -10.18 | 3.64 | 2.82 | 0.72 | 7.46 | 13.86 | -5.26 | 169.75 | -17.07 | 112.97 | 152.42 | -12.97 | 0 | 12.09 | -2.99 | 24.75 | 0.41 |
| 2022 (9) | 1.98 | 0 | 25.31 | 33.63 | 2.49 | 0 | 6.73 | -19.39 | 5.52 | 0 | 4.21 | 0 | 9.14 | 0 | 3.54 | 0 | 0.67 | 24.07 | 14.63 | 305.26 | 204.70 | -14.85 | 44.76 | -33.71 | 54.55 | 67.91 | 12.46 | 0.39 | 24.65 | -3.82 |
| 2021 (8) | -3.36 | 0 | 18.94 | 27.28 | -5.22 | 0 | 8.35 | -9.36 | -7.75 | 0 | -9.14 | 0 | -15.26 | 0 | -4.21 | 0 | 0.54 | 8.0 | 3.61 | 0 | 240.39 | 31.36 | 67.52 | 28.28 | 32.48 | -31.42 | 12.41 | -6.05 | 25.63 | -10.42 |
| 2020 (7) | -6.70 | 0 | 14.88 | -17.33 | -10.99 | 0 | 9.22 | 239.43 | -20.88 | 0 | -16.84 | 0 | -26.54 | 0 | -7.65 | 0 | 0.50 | -10.71 | -8.31 | 0 | 183.00 | -24.29 | 52.63 | -27.23 | 47.37 | 71.14 | 13.21 | -19.24 | 28.61 | 72.35 |
| 2019 (6) | -2.23 | 0 | 18.00 | -21.64 | -4.23 | 0 | 2.72 | 110.86 | -5.85 | 0 | -4.74 | 0 | -6.91 | 0 | -2.28 | 0 | 0.56 | -38.46 | -2.04 | 0 | 241.72 | 215.81 | 72.32 | -19.7 | 27.68 | 178.63 | 16.36 | 9247.49 | 16.60 | 23.15 |
| 2018 (5) | 3.24 | -14.74 | 22.97 | -0.04 | 6.72 | -12.39 | 1.29 | -9.81 | 7.48 | -10.2 | 6.02 | -11.73 | 10.44 | -20.06 | 5.83 | -10.31 | 0.91 | 3.41 | 9.41 | -11.31 | 76.54 | -29.91 | 90.07 | -2.13 | 9.93 | 24.55 | 0.17 | 0 | 13.48 | 5.97 |
| 2017 (4) | 3.80 | 13.43 | 22.98 | -9.74 | 7.67 | -27.09 | 1.43 | -9.81 | 8.33 | 13.8 | 6.82 | 9.47 | 13.06 | 14.06 | 6.50 | 17.12 | 0.88 | 11.39 | 10.61 | 6.42 | 109.21 | -13.79 | 92.02 | -35.72 | 7.98 | 0 | 0.00 | 0 | 12.72 | 4.52 |
| 2016 (3) | 3.35 | -28.57 | 25.46 | 6.3 | 10.52 | 10.97 | 1.58 | -7.85 | 7.32 | -27.88 | 6.23 | -24.48 | 11.45 | -27.94 | 5.55 | -23.55 | 0.79 | 0.0 | 9.97 | -23.83 | 126.68 | -6.85 | 143.17 | 53.07 | -43.88 | 0 | 0.00 | 0 | 12.17 | 6.29 |
| 2015 (2) | 4.69 | 24.4 | 23.95 | -14.53 | 9.48 | -11.73 | 1.72 | -4.85 | 10.15 | 20.12 | 8.25 | 18.36 | 15.89 | 11.67 | 7.26 | 13.26 | 0.79 | -2.47 | 13.09 | 14.12 | 135.99 | -9.09 | 93.53 | -26.38 | 6.47 | 0 | 0.00 | 0 | 11.45 | -15.25 |
| 2014 (1) | 3.77 | -53.4 | 28.02 | 0 | 10.74 | 0 | 1.81 | -11.47 | 8.45 | 0 | 6.97 | 0 | 14.23 | 0 | 6.41 | 0 | 0.81 | 0 | 11.47 | -42.79 | 149.59 | -2.06 | 127.04 | 110.03 | -27.04 | 0 | 0.00 | 0 | 13.51 | 14.69 |
