- 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) | 0.23 | -68.92 | -74.44 | 13.05 | 10.88 | 25.12 | 2.88 | -19.78 | 227.27 | 1.65 | -67.39 | -76.66 | 1.28 | -67.35 | -77.3 | 0.59 | -73.42 | -77.39 | 0.42 | -68.66 | -72.37 | 0.26 | -18.75 | 4.0 | 5.21 | -33.46 | -48.92 | 76.06 | -7.44 | 3.38 | 174.51 | 146.1 | 1309.01 | -74.51 | -356.13 | -185.27 | 12.09 | 19.0 | 0.92 |
| 24Q2 (19) | 0.74 | 311.11 | -6.33 | 11.77 | -1.67 | -5.08 | 3.59 | 75.98 | -10.47 | 5.06 | 40.95 | -5.42 | 3.92 | 201.54 | -9.68 | 2.22 | 296.43 | -2.63 | 1.34 | 197.78 | -1.47 | 0.32 | 28.0 | 14.29 | 7.83 | 3.43 | -4.51 | 82.17 | 10.27 | -9.97 | 70.91 | 24.39 | -5.37 | 29.09 | -32.34 | 16.05 | 10.16 | -18.59 | -1.55 |
| 24Q1 (18) | 0.18 | 160.0 | 12.5 | 11.97 | 14.11 | 32.12 | 2.04 | 121.74 | 94.29 | 3.59 | 314.97 | 229.36 | 1.30 | 150.58 | 100.0 | 0.56 | 149.56 | 64.71 | 0.45 | 176.27 | 60.71 | 0.25 | -3.85 | -13.79 | 7.57 | 425.69 | 89.72 | 74.52 | 12.06 | -6.69 | 57.00 | 204.51 | -40.68 | 43.00 | -72.18 | 1003.54 | 12.48 | 6.3 | 24.92 |
| 23Q4 (17) | -0.30 | -133.33 | -136.59 | 10.49 | 0.58 | -19.8 | 0.92 | 4.55 | -84.77 | -1.67 | -123.62 | -142.28 | -2.57 | -145.57 | -173.43 | -1.13 | -143.3 | -152.8 | -0.59 | -138.82 | -146.83 | 0.26 | 4.0 | -18.75 | 1.44 | -85.88 | -76.81 | 66.50 | -9.61 | -22.31 | -54.55 | -540.4 | -135.69 | 154.55 | 76.86 | 392.59 | 11.74 | -2.0 | 35.41 |
| 23Q3 (16) | 0.90 | 13.92 | 57.89 | 10.43 | -15.89 | 22.13 | 0.88 | -78.05 | -40.54 | 7.07 | 32.15 | 84.11 | 5.64 | 29.95 | 88.0 | 2.61 | 14.47 | 60.12 | 1.52 | 11.76 | 58.33 | 0.25 | -10.71 | -13.79 | 10.20 | 24.39 | 68.32 | 73.57 | -19.39 | -21.19 | 12.39 | -83.47 | -67.84 | 87.39 | 248.61 | 42.12 | 11.98 | 16.09 | 19.09 |
| 23Q2 (15) | 0.79 | 393.75 | 464.29 | 12.40 | 36.87 | 31.77 | 4.01 | 281.9 | 169.13 | 5.35 | 390.83 | 150.0 | 4.34 | 567.69 | 214.49 | 2.28 | 570.59 | 261.9 | 1.36 | 385.71 | 240.0 | 0.28 | -3.45 | 3.7 | 8.20 | 105.51 | 86.36 | 91.27 | 14.29 | 19.17 | 74.93 | -22.03 | 7.38 | 25.07 | 543.38 | -17.04 | 10.32 | 3.3 | -5.93 |
| 23Q1 (14) | 0.16 | -80.49 | -5.88 | 9.06 | -30.73 | -2.37 | 1.05 | -82.62 | 3400.0 | 1.09 | -72.41 | -61.89 | 0.65 | -81.43 | -73.47 | 0.34 | -84.11 | -64.21 | 0.28 | -77.78 | -52.54 | 0.29 | -9.38 | 26.09 | 3.99 | -35.75 | -27.32 | 79.86 | -6.71 | 26.12 | 96.10 | -37.11 | 7011.69 | 3.90 | 107.38 | -96.05 | 9.99 | 15.22 | -24.43 |
| 22Q4 (13) | 0.82 | 43.86 | 9.33 | 13.08 | 53.16 | 54.79 | 6.04 | 308.11 | 6140.0 | 3.95 | 2.86 | -6.84 | 3.50 | 16.67 | -27.54 | 2.14 | 31.29 | -10.83 | 1.26 | 31.25 | -6.67 | 0.32 | 10.34 | 18.52 | 6.21 | 2.48 | -5.34 | 85.60 | -8.3 | 22.86 | 152.82 | 296.79 | 6161.82 | -52.82 | -185.9 | -151.52 | 8.67 | -13.82 | -23.07 |
| 22Q3 (12) | 0.57 | 307.14 | 103.57 | 8.54 | -9.25 | -1.73 | 1.48 | -0.67 | 25.42 | 3.84 | 79.44 | 81.99 | 3.00 | 117.39 | 65.75 | 1.63 | 158.73 | 81.11 | 0.96 | 140.0 | 92.0 | 0.29 | 7.41 | 16.0 | 6.06 | 37.73 | 34.37 | 93.35 | 21.88 | -0.47 | 38.51 | -44.81 | -30.68 | 61.49 | 103.49 | 38.34 | 10.06 | -8.3 | -10.02 |
| 22Q2 (11) | 0.14 | -17.65 | -72.55 | 9.41 | 1.4 | 5.26 | 1.49 | 4866.67 | -42.47 | 2.14 | -25.17 | -35.74 | 1.38 | -43.67 | -50.36 | 0.63 | -33.68 | -60.87 | 0.40 | -32.2 | -52.38 | 0.27 | 17.39 | -6.9 | 4.40 | -19.85 | -15.87 | 76.59 | 20.96 | -22.87 | 69.78 | 5064.03 | -10.4 | 30.22 | -69.37 | 36.6 | 10.97 | -17.02 | 14.51 |
| 22Q1 (10) | 0.17 | -77.33 | -52.78 | 9.28 | 9.82 | -6.83 | 0.03 | 130.0 | -98.77 | 2.86 | -32.55 | -0.69 | 2.45 | -49.28 | -0.41 | 0.95 | -60.42 | -25.2 | 0.59 | -56.3 | -11.94 | 0.23 | -14.81 | -11.54 | 5.49 | -16.31 | 6.6 | 63.32 | -9.11 | -34.83 | 1.35 | 153.6 | -98.41 | 98.65 | -3.78 | 547.65 | 13.22 | 17.3 | 9.89 |
| 21Q4 (9) | 0.75 | 167.86 | 141.94 | 8.45 | -2.76 | -22.9 | -0.10 | -108.47 | -105.56 | 4.24 | 100.95 | 77.41 | 4.83 | 166.85 | 116.59 | 2.40 | 166.67 | 105.13 | 1.35 | 170.0 | 128.81 | 0.27 | 8.0 | 8.0 | 6.56 | 45.45 | 36.95 | 69.67 | -25.72 | -29.49 | -2.52 | -104.54 | -103.35 | 102.52 | 130.67 | 313.62 | 11.27 | 0.81 | 62.86 |
| 21Q3 (8) | 0.28 | -45.1 | -91.98 | 8.69 | -2.8 | -27.04 | 1.18 | -54.44 | -74.46 | 2.11 | -36.64 | -89.45 | 1.81 | -34.89 | -90.17 | 0.90 | -44.1 | -93.69 | 0.50 | -40.48 | -92.64 | 0.25 | -13.79 | -32.43 | 4.51 | -13.77 | -79.14 | 93.79 | -5.55 | -18.09 | 55.56 | -28.67 | 140.56 | 44.44 | 100.93 | -42.21 | 11.18 | 16.7 | 1.45 |
| 21Q2 (7) | 0.51 | 41.67 | 18.6 | 8.94 | -10.24 | -18.87 | 2.59 | 6.58 | -16.99 | 3.33 | 15.63 | -14.83 | 2.78 | 13.01 | -7.95 | 1.61 | 26.77 | -22.22 | 0.84 | 25.37 | -23.64 | 0.29 | 11.54 | -17.14 | 5.23 | 1.55 | -12.25 | 99.30 | 2.2 | -7.02 | 77.88 | -8.13 | -2.21 | 22.12 | 45.22 | 8.63 | 9.58 | -20.37 | -10.47 |
| 21Q1 (6) | 0.36 | 16.13 | 202.86 | 9.96 | -9.12 | -13.24 | 2.43 | 35.0 | 160.0 | 2.88 | 20.5 | 166.36 | 2.46 | 10.31 | 156.68 | 1.27 | 8.55 | 194.07 | 0.67 | 13.56 | 194.37 | 0.26 | 4.0 | 52.94 | 5.15 | 7.52 | 1816.67 | 97.16 | -1.67 | 9.91 | 84.77 | 12.7 | -8.89 | 15.23 | -38.55 | 118.96 | 12.03 | 73.84 | -37.21 |
| 20Q4 (5) | 0.31 | -91.12 | 234.78 | 10.96 | -7.98 | -3.78 | 1.80 | -61.04 | 395.08 | 2.39 | -88.05 | 193.0 | 2.23 | -87.89 | 205.19 | 1.17 | -91.8 | 232.95 | 0.59 | -91.31 | 222.92 | 0.25 | -32.43 | 4.17 | 4.79 | -77.84 | 2077.27 | 98.81 | -13.7 | 42.79 | 75.21 | 225.68 | 217.95 | 24.79 | -67.77 | -67.53 | 6.92 | -37.21 | -45.81 |
| 20Q3 (4) | 3.49 | 711.63 | 0.0 | 11.91 | 8.08 | 0.0 | 4.62 | 48.08 | 0.0 | 20.00 | 411.51 | 0.0 | 18.42 | 509.93 | 0.0 | 14.27 | 589.37 | 0.0 | 6.79 | 517.27 | 0.0 | 0.37 | 5.71 | 0.0 | 21.62 | 262.75 | 0.0 | 114.50 | 7.21 | 0.0 | 23.09 | -71.0 | 0.0 | 76.91 | 277.69 | 0.0 | 11.02 | 2.99 | 0.0 |
| 20Q2 (3) | 0.43 | 222.86 | 0.0 | 11.02 | -4.01 | 0.0 | 3.12 | 177.04 | 0.0 | 3.91 | 190.09 | 0.0 | 3.02 | 169.59 | 0.0 | 2.07 | 253.33 | 0.0 | 1.10 | 254.93 | 0.0 | 0.35 | 105.88 | 0.0 | 5.96 | 2086.67 | 0.0 | 106.80 | 20.81 | 0.0 | 79.64 | -14.41 | 0.0 | 20.36 | 192.7 | 0.0 | 10.70 | -44.15 | 0.0 |
| 20Q1 (2) | -0.35 | -52.17 | 0.0 | 11.48 | 0.79 | 0.0 | -4.05 | -563.93 | 0.0 | -4.34 | -68.87 | 0.0 | -4.34 | -104.72 | 0.0 | -1.35 | -53.41 | 0.0 | -0.71 | -47.92 | 0.0 | 0.17 | -29.17 | 0.0 | -0.30 | -236.36 | 0.0 | 88.40 | 27.75 | 0.0 | 93.04 | 293.32 | 0.0 | 6.96 | -90.89 | 0.0 | 19.16 | 50.04 | 0.0 |
| 19Q4 (1) | -0.23 | 0.0 | 0.0 | 11.39 | 0.0 | 0.0 | -0.61 | 0.0 | 0.0 | -2.57 | 0.0 | 0.0 | -2.12 | 0.0 | 0.0 | -0.88 | 0.0 | 0.0 | -0.48 | 0.0 | 0.0 | 0.24 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 69.20 | 0.0 | 0.0 | 23.66 | 0.0 | 0.0 | 76.34 | 0.0 | 0.0 | 12.77 | 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) | 1.55 | -8.82 | 10.60 | 3.21 | 1.77 | -32.18 | 1.87 | 20.28 | 3.02 | -8.48 | 2.09 | -21.72 | 4.11 | -30.34 | 2.72 | -24.44 | 1.12 | -9.68 | 6.01 | 6.94 | 66.50 | -22.31 | 58.81 | -25.76 | 41.19 | 98.19 | 1.34 | 0.39 | 10.94 | 4.89 |
| 2022 (9) | 1.70 | -10.05 | 10.27 | 14.24 | 2.61 | 68.39 | 1.56 | -3.41 | 3.30 | 4.43 | 2.67 | -10.1 | 5.90 | -7.81 | 3.60 | -0.83 | 1.24 | 5.08 | 5.62 | 4.85 | 85.60 | 22.86 | 79.22 | 60.88 | 20.78 | -59.06 | 1.33 | -22.78 | 10.43 | -4.66 |
| 2021 (8) | 1.89 | -51.04 | 8.99 | -20.93 | 1.55 | -34.04 | 1.61 | -2.45 | 3.16 | -59.95 | 2.97 | -57.93 | 6.40 | -58.92 | 3.63 | -57.74 | 1.18 | -0.84 | 5.36 | -47.19 | 69.67 | -29.49 | 49.24 | 65.5 | 50.76 | -27.74 | 1.73 | 302.57 | 10.94 | -0.55 |
| 2020 (7) | 3.86 | 577.19 | 11.37 | 15.78 | 2.35 | 710.34 | 1.65 | 2.44 | 7.89 | 405.77 | 7.06 | 508.62 | 15.58 | 543.8 | 8.59 | 420.61 | 1.19 | 1.71 | 10.15 | 164.32 | 98.81 | 42.79 | 29.75 | 65.09 | 70.25 | -13.94 | 0.43 | -85.93 | 11.00 | -4.51 |
| 2019 (6) | 0.57 | 0 | 9.82 | 6.39 | 0.29 | 0 | 1.61 | 0.49 | 1.56 | 875.0 | 1.16 | 0 | 2.42 | 0 | 1.65 | 5400.0 | 1.17 | 5.41 | 3.84 | 69.16 | 69.20 | -19.76 | 18.02 | 0 | 81.63 | -74.37 | 3.05 | 26.1 | 11.52 | 1.86 |
| 2018 (5) | -0.07 | 0 | 9.23 | -26.4 | -0.34 | 0 | 1.60 | -21.93 | 0.16 | -93.36 | -0.13 | 0 | -0.24 | 0 | 0.03 | -98.72 | 1.11 | 18.09 | 2.27 | -54.42 | 86.24 | 47.04 | -218.52 | 0 | 318.52 | 182.26 | 2.42 | 0 | 11.31 | -15.72 |
| 2017 (4) | 1.01 | -46.56 | 12.54 | -20.38 | -0.31 | 0 | 2.05 | -7.99 | 2.41 | -48.61 | 2.30 | -41.18 | 3.46 | -48.05 | 2.35 | -42.96 | 0.94 | -5.05 | 4.98 | -34.47 | 58.65 | -4.84 | -12.84 | 0 | 112.84 | 125.36 | 0.00 | 0 | 13.42 | -4.69 |
| 2016 (3) | 1.89 | 173.91 | 15.75 | 29.52 | 2.34 | 265.62 | 2.23 | -4.77 | 4.69 | 225.69 | 3.91 | 231.36 | 6.66 | 174.07 | 4.12 | 160.76 | 0.99 | -6.6 | 7.60 | 69.64 | 61.63 | -24.8 | 49.78 | 13.01 | 50.07 | -9.87 | 0.00 | 0 | 14.08 | 22.33 |
| 2015 (2) | 0.69 | 200.0 | 12.16 | 16.25 | 0.64 | 0 | 2.34 | -12.16 | 1.44 | 69.41 | 1.18 | 187.8 | 2.43 | 196.34 | 1.58 | 122.54 | 1.06 | 6.0 | 4.48 | 3.46 | 81.95 | -21.77 | 44.05 | 0 | 55.56 | -76.24 | 0.00 | 0 | 11.51 | 0.17 |
| 2014 (1) | 0.23 | -84.46 | 10.46 | 0 | -1.14 | 0 | 2.67 | 9.22 | 0.85 | 0 | 0.41 | 0 | 0.82 | 0 | 0.71 | 0 | 1.00 | -11.5 | 4.33 | -31.92 | 104.75 | 4.15 | -133.77 | 0 | 233.77 | 222.78 | 0.00 | 0 | 11.49 | 9.64 |
