- 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) | 0.55 | -19.12 | -30.38 | 17.27 | -1.37 | 4.79 | 6.93 | -9.06 | -13.38 | 6.78 | -17.42 | -40.05 | 5.21 | -15.28 | -41.0 | 1.86 | -20.51 | -34.28 | 1.09 | -21.01 | -39.78 | 0.20 | -9.09 | 0.0 | 8.70 | -13.26 | -35.27 | 76.52 | -5.24 | 32.66 | 101.39 | 9.84 | 43.63 | -2.78 | -136.11 | -109.44 | 9.96 | 7.91 | 8.73 |
| 24Q2 (19) | 0.68 | 15.25 | 70.0 | 17.51 | 7.75 | 12.1 | 7.62 | 20.76 | 28.72 | 8.21 | 0.24 | 29.91 | 6.15 | -4.95 | 32.83 | 2.34 | 14.71 | 60.27 | 1.38 | 8.66 | 46.81 | 0.22 | 15.79 | 15.79 | 10.03 | -3.09 | 16.9 | 80.75 | 11.81 | 23.6 | 92.31 | 19.84 | -0.45 | 7.69 | -66.52 | 41.03 | 9.23 | -8.61 | -7.14 |
| 24Q1 (18) | 0.59 | 28.26 | 2850.0 | 16.25 | 4.84 | 23.86 | 6.31 | 32.01 | 1902.86 | 8.19 | 42.43 | 3176.0 | 6.47 | 35.07 | 2296.3 | 2.04 | 28.3 | 2814.29 | 1.27 | 23.3 | 1311.11 | 0.19 | -9.52 | 18.75 | 10.35 | 35.12 | 248.48 | 72.22 | 18.65 | 12.79 | 77.03 | -7.9 | 151.35 | 22.97 | 40.39 | -88.51 | 10.10 | 4.34 | -15.97 |
| 23Q4 (17) | 0.46 | -41.77 | 757.14 | 15.50 | -5.95 | 61.46 | 4.78 | -40.25 | 1748.28 | 5.75 | -49.16 | 412.5 | 4.79 | -45.75 | 598.96 | 1.59 | -43.82 | 736.0 | 1.03 | -43.09 | 1130.0 | 0.21 | 5.0 | 31.25 | 7.66 | -43.01 | 869.62 | 60.87 | 5.53 | 7.47 | 83.64 | 18.48 | 485.45 | 16.36 | -44.36 | -80.91 | 9.68 | 5.68 | -8.51 |
| 23Q3 (16) | 0.79 | 97.5 | -15.96 | 16.48 | 5.51 | -7.93 | 8.00 | 35.14 | 23.08 | 11.31 | 78.96 | -8.94 | 8.83 | 90.71 | -11.79 | 2.83 | 93.84 | -13.19 | 1.81 | 92.55 | -11.27 | 0.20 | 5.26 | 0.0 | 13.44 | 56.64 | -6.93 | 57.68 | -11.71 | -6.83 | 70.59 | -23.88 | 34.23 | 29.41 | 439.22 | -37.97 | 9.16 | -7.85 | -10.55 |
| 23Q2 (15) | 0.40 | 1900.0 | -63.96 | 15.62 | 19.05 | -24.32 | 5.92 | 1791.43 | -49.05 | 6.32 | 2428.0 | -49.6 | 4.63 | 1614.81 | -51.06 | 1.46 | 1985.71 | -62.47 | 0.94 | 944.44 | -61.0 | 0.19 | 18.75 | -24.0 | 8.58 | 188.89 | -39.11 | 65.33 | 2.03 | -3.95 | 92.73 | 161.82 | 0.17 | 5.45 | -97.27 | -26.61 | 9.94 | -17.3 | 17.49 |
| 23Q1 (14) | 0.02 | 128.57 | -98.29 | 13.12 | 36.67 | -36.46 | -0.35 | -20.69 | -103.54 | 0.25 | 113.59 | -97.77 | 0.27 | 128.12 | -96.9 | 0.07 | 128.0 | -98.3 | 0.09 | 190.0 | -96.48 | 0.16 | 0.0 | -44.83 | 2.97 | 275.95 | -76.41 | 64.03 | 13.05 | 5.92 | -150.00 | -1150.0 | -270.3 | 200.00 | 133.33 | 1577.78 | 12.02 | 13.61 | 61.99 |
| 22Q4 (13) | -0.07 | -107.45 | -108.64 | 9.60 | -46.37 | -51.27 | -0.29 | -104.46 | -103.53 | -1.84 | -114.81 | -122.97 | -0.96 | -109.59 | -116.16 | -0.25 | -107.67 | -108.59 | -0.10 | -104.9 | -105.62 | 0.16 | -20.0 | -44.83 | 0.79 | -94.53 | -91.57 | 56.64 | -8.51 | -14.34 | 14.29 | -72.83 | -86.1 | 85.71 | 80.78 | 3185.71 | 10.58 | 3.32 | 34.26 |
| 22Q3 (12) | 0.94 | -15.32 | 11.9 | 17.90 | -13.28 | -15.0 | 6.50 | -44.06 | -38.97 | 12.42 | -0.96 | 22.24 | 10.01 | 5.81 | 44.44 | 3.26 | -16.2 | 7.95 | 2.04 | -15.35 | 3.55 | 0.20 | -20.0 | -28.57 | 14.44 | 2.48 | 24.27 | 61.91 | -8.98 | -8.81 | 52.59 | -43.19 | -49.5 | 47.41 | 537.93 | 1056.18 | 10.24 | 21.04 | 27.2 |
| 22Q2 (11) | 1.11 | -5.13 | -5.13 | 20.64 | -0.05 | -8.71 | 11.62 | 17.61 | 3.2 | 12.54 | 11.76 | 6.91 | 9.46 | 8.74 | -3.47 | 3.89 | -5.58 | -8.25 | 2.41 | -5.86 | -19.93 | 0.25 | -13.79 | -19.35 | 14.09 | 11.91 | 7.23 | 68.02 | 12.52 | 52.44 | 92.57 | 5.1 | -3.9 | 7.43 | -37.65 | 102.16 | 8.46 | 14.02 | -8.74 |
| 22Q1 (10) | 1.17 | 44.44 | 24.47 | 20.65 | 4.82 | 2.84 | 9.88 | 20.19 | 12.02 | 11.22 | 40.07 | 7.88 | 8.70 | 46.46 | 7.67 | 4.12 | 41.58 | 16.38 | 2.56 | 43.82 | -3.76 | 0.29 | 0.0 | -12.12 | 12.59 | 34.36 | 5.8 | 60.45 | -8.58 | 58.37 | 88.08 | -14.3 | 3.93 | 11.92 | 529.14 | -21.85 | 7.42 | -5.84 | -8.17 |
| 21Q4 (9) | 0.81 | -3.57 | -12.9 | 19.70 | -6.46 | -1.65 | 8.22 | -22.82 | -6.7 | 8.01 | -21.16 | -28.16 | 5.94 | -14.29 | -30.36 | 2.91 | -3.64 | -21.77 | 1.78 | -9.64 | -38.41 | 0.29 | 3.57 | -14.71 | 9.37 | -19.36 | -25.63 | 66.12 | -2.61 | 125.2 | 102.78 | -1.3 | 29.54 | -2.78 | 43.98 | -113.44 | 7.88 | -2.11 | -1.38 |
| 21Q3 (8) | 0.84 | -28.21 | 16.67 | 21.06 | -6.86 | -0.57 | 10.65 | -5.42 | 16.52 | 10.16 | -13.38 | 0.59 | 6.93 | -29.29 | -9.29 | 3.02 | -28.77 | 3.07 | 1.97 | -34.55 | -12.05 | 0.28 | -9.68 | -3.45 | 11.62 | -11.57 | -1.11 | 67.89 | 52.15 | 138.29 | 104.13 | 8.11 | 15.03 | -4.96 | -234.88 | -152.34 | 8.05 | -13.16 | -7.79 |
| 21Q2 (7) | 1.17 | 24.47 | 88.71 | 22.61 | 12.6 | 11.99 | 11.26 | 27.66 | 16.8 | 11.73 | 12.79 | 26.67 | 9.80 | 21.29 | 34.62 | 4.24 | 19.77 | 70.97 | 3.01 | 13.16 | 60.96 | 0.31 | -6.06 | 19.23 | 13.14 | 10.42 | 18.7 | 44.62 | 16.9 | 27.89 | 96.32 | 13.66 | -7.2 | 3.68 | -75.9 | 196.81 | 9.27 | 14.73 | 0 |
| 21Q1 (6) | 0.94 | 1.08 | 70.91 | 20.08 | 0.25 | 10.51 | 8.82 | 0.11 | 9.84 | 10.40 | -6.73 | 36.66 | 8.08 | -5.28 | 38.83 | 3.54 | -4.84 | 61.64 | 2.66 | -7.96 | 56.47 | 0.33 | -2.94 | 13.79 | 11.90 | -5.56 | 27.14 | 38.17 | 30.01 | 25.23 | 84.75 | 6.81 | -19.71 | 15.25 | -26.17 | 374.58 | 8.08 | 1.13 | 0.0 |
| 20Q4 (5) | 0.93 | 29.17 | 57.63 | 20.03 | -5.43 | 10.48 | 8.81 | -3.61 | 2.8 | 11.15 | 10.4 | 44.99 | 8.53 | 11.65 | 46.06 | 3.72 | 26.96 | 56.3 | 2.89 | 29.02 | 60.56 | 0.34 | 17.24 | 13.33 | 12.60 | 7.23 | 35.92 | 29.36 | 3.05 | -5.35 | 79.34 | -12.36 | -28.87 | 20.66 | 118.09 | 279.06 | 7.99 | -8.48 | 14.14 |
| 20Q3 (4) | 0.72 | 16.13 | 0.0 | 21.18 | 4.9 | 0.0 | 9.14 | -5.19 | 0.0 | 10.10 | 9.07 | 0.0 | 7.64 | 4.95 | 0.0 | 2.93 | 18.15 | 0.0 | 2.24 | 19.79 | 0.0 | 0.29 | 11.54 | 0.0 | 11.75 | 6.14 | 0.0 | 28.49 | -18.34 | 0.0 | 90.53 | -12.79 | 0.0 | 9.47 | 349.47 | 0.0 | 8.73 | 0 | 0.0 |
| 20Q2 (3) | 0.62 | 12.73 | 0.0 | 20.19 | 11.12 | 0.0 | 9.64 | 20.05 | 0.0 | 9.26 | 21.68 | 0.0 | 7.28 | 25.09 | 0.0 | 2.48 | 13.24 | 0.0 | 1.87 | 10.0 | 0.0 | 0.26 | -10.34 | 0.0 | 11.07 | 18.27 | 0.0 | 34.89 | 14.47 | 0.0 | 103.80 | -1.67 | 0.0 | -3.80 | 31.65 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.55 | -6.78 | 0.0 | 18.17 | 0.22 | 0.0 | 8.03 | -6.3 | 0.0 | 7.61 | -1.04 | 0.0 | 5.82 | -0.34 | 0.0 | 2.19 | -7.98 | 0.0 | 1.70 | -5.56 | 0.0 | 0.29 | -3.33 | 0.0 | 9.36 | 0.97 | 0.0 | 30.48 | -1.74 | 0.0 | 105.56 | -5.36 | 0.0 | -5.56 | 51.85 | 0.0 | 8.08 | 15.43 | 0.0 |
| 19Q4 (1) | 0.59 | 0.0 | 0.0 | 18.13 | 0.0 | 0.0 | 8.57 | 0.0 | 0.0 | 7.69 | 0.0 | 0.0 | 5.84 | 0.0 | 0.0 | 2.38 | 0.0 | 0.0 | 1.80 | 0.0 | 0.0 | 0.30 | 0.0 | 0.0 | 9.27 | 0.0 | 0.0 | 31.02 | 0.0 | 0.0 | 111.54 | 0.0 | 0.0 | -11.54 | 0.0 | 0.0 | 7.00 | 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) | 1.67 | -46.98 | 15.27 | -15.35 | 4.80 | -38.3 | 1.85 | 30.44 | 6.16 | -35.16 | 4.83 | -35.25 | 5.76 | -48.01 | 3.82 | -46.05 | 0.75 | -18.48 | 8.36 | -25.82 | 60.87 | 7.47 | 77.93 | -5.01 | 22.07 | 21.21 | 1.61 | 0.62 | 10.11 | 13.6 |
| 2022 (9) | 3.15 | -15.55 | 18.04 | -13.35 | 7.78 | -19.71 | 1.42 | 16.26 | 9.50 | -5.0 | 7.46 | -1.97 | 11.08 | -19.83 | 7.08 | -24.76 | 0.92 | -24.59 | 11.27 | -1.23 | 56.64 | -14.34 | 82.04 | -15.33 | 18.20 | 486.18 | 1.60 | 7.45 | 8.90 | 7.1 |
| 2021 (8) | 3.73 | 31.8 | 20.82 | 4.73 | 9.69 | 9.12 | 1.22 | -19.48 | 10.00 | 4.28 | 7.61 | 3.4 | 13.82 | 23.95 | 9.41 | 9.29 | 1.22 | 5.17 | 11.41 | 1.24 | 66.12 | 125.2 | 96.89 | 4.59 | 3.11 | -57.79 | 1.49 | -34.63 | 8.31 | -0.95 |
| 2020 (7) | 2.83 | 10.12 | 19.88 | 17.84 | 8.88 | 14.14 | 1.52 | 18.42 | 9.59 | 21.55 | 7.36 | 23.08 | 11.15 | 7.63 | 8.61 | 11.82 | 1.16 | -7.94 | 11.27 | 19.77 | 29.36 | -5.35 | 92.64 | -5.97 | 7.36 | 398.8 | 2.28 | -8.56 | 8.39 | 15.88 |
| 2019 (6) | 2.57 | 1.18 | 16.87 | 13.68 | 7.78 | 21.18 | 1.28 | 12.67 | 7.89 | 6.62 | 5.98 | 11.78 | 10.36 | -2.26 | 7.70 | 5.77 | 1.26 | -5.26 | 9.41 | 6.69 | 31.02 | -28.69 | 98.53 | 13.38 | 1.47 | -88.99 | 2.50 | 3.32 | 7.24 | 7.58 |
| 2018 (5) | 2.54 | -18.06 | 14.84 | -4.75 | 6.42 | -11.33 | 1.14 | 8.26 | 7.40 | 0.41 | 5.35 | -10.23 | 10.60 | -16.67 | 7.28 | -14.35 | 1.33 | -5.0 | 8.82 | 1.85 | 43.50 | -22.0 | 86.89 | -11.65 | 13.39 | 714.58 | 2.42 | 0 | 6.73 | 7.34 |
| 2017 (4) | 3.10 | -15.76 | 15.58 | -14.16 | 7.24 | -20.18 | 1.05 | -7.75 | 7.37 | -19.1 | 5.96 | -19.24 | 12.72 | -20.3 | 8.50 | -19.12 | 1.40 | 0.0 | 8.66 | -17.05 | 55.77 | 12.6 | 98.36 | -1.18 | 1.64 | 248.49 | 0.00 | 0 | 6.27 | -5.0 |
| 2016 (3) | 3.68 | -6.6 | 18.15 | -2.99 | 9.07 | -3.82 | 1.14 | -8.41 | 9.11 | -5.1 | 7.38 | -4.4 | 15.96 | -12.5 | 10.51 | -3.49 | 1.40 | 2.19 | 10.44 | -7.2 | 49.53 | -16.07 | 99.53 | 1.4 | 0.47 | -74.47 | 0.00 | 0 | 6.60 | 6.45 |
| 2015 (2) | 3.94 | 94.09 | 18.71 | 55.92 | 9.43 | 135.16 | 1.24 | 5.26 | 9.60 | 111.45 | 7.72 | 115.64 | 18.24 | 78.82 | 10.89 | 89.39 | 1.37 | -9.27 | 11.25 | 83.82 | 59.01 | -32.66 | 98.15 | 11.4 | 1.85 | -84.47 | 0.00 | 0 | 6.20 | 24.0 |
| 2014 (1) | 2.03 | 24.54 | 12.00 | 0 | 4.01 | 0 | 1.18 | -2.76 | 4.54 | 0 | 3.58 | 0 | 10.20 | 0 | 5.75 | 0 | 1.51 | -1.95 | 6.12 | 12.71 | 87.63 | -2.0 | 88.11 | 6.65 | 11.89 | -29.4 | 0.00 | 0 | 5.00 | 8.7 |
