- 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) | 0.73 | -1.35 | -67.41 | 16.16 | 3.99 | -11.93 | 6.06 | 60.32 | -26.19 | 6.68 | -4.3 | -67.17 | 5.14 | -11.53 | -67.37 | 2.05 | 14.53 | -64.66 | 1.24 | 11.71 | -61.01 | 0.21 | 31.25 | 10.53 | 9.79 | -11.08 | -59.05 | 92.59 | 0.77 | 2.15 | 91.12 | 68.52 | 125.55 | 9.47 | -79.39 | -84.11 | 16.56 | -19.46 | -4.06 |
| 24Q2 (19) | 0.74 | 48.0 | 51.02 | 15.54 | -2.75 | -26.59 | 3.78 | -13.3 | -50.0 | 6.98 | 13.87 | -26.22 | 5.81 | 22.57 | -11.97 | 1.79 | 37.69 | 9.15 | 1.11 | 32.14 | 4.72 | 0.16 | 14.29 | 23.08 | 11.01 | 4.46 | -29.2 | 91.88 | 0.13 | -6.08 | 54.07 | -23.27 | -31.91 | 45.93 | 60.74 | 131.33 | 20.56 | 3.73 | 2.7 |
| 24Q1 (18) | 0.50 | -12.28 | 61.29 | 15.98 | -9.62 | -9.2 | 4.36 | -9.54 | 9.82 | 6.13 | -16.6 | 18.8 | 4.74 | -20.2 | 23.76 | 1.30 | -24.86 | 36.84 | 0.84 | -22.22 | 20.0 | 0.14 | -6.67 | 16.67 | 10.54 | -9.99 | -6.64 | 91.76 | 2.31 | -7.52 | 70.48 | 6.93 | -7.65 | 28.57 | -18.01 | 27.73 | 19.82 | 0.41 | 9.38 |
| 23Q4 (17) | 0.57 | -74.55 | 72.73 | 17.68 | -3.65 | -16.29 | 4.82 | -41.29 | -56.54 | 7.35 | -63.88 | -14.44 | 5.94 | -62.29 | -14.16 | 1.73 | -70.17 | 0.0 | 1.08 | -66.04 | 0.93 | 0.15 | -21.05 | 25.0 | 11.71 | -51.02 | -21.25 | 89.69 | -1.05 | -10.17 | 65.91 | 63.13 | -48.96 | 34.85 | -41.53 | 219.62 | 19.74 | 14.37 | 6.82 |
| 23Q3 (16) | 2.24 | 357.14 | 100.0 | 18.35 | -13.32 | -4.33 | 8.21 | 8.6 | 27.48 | 20.35 | 115.12 | 88.78 | 15.75 | 138.64 | 77.77 | 5.80 | 253.66 | 98.63 | 3.18 | 200.0 | 103.85 | 0.19 | 46.15 | 26.67 | 23.91 | 53.76 | 51.91 | 90.64 | -7.35 | -18.56 | 40.40 | -49.12 | -32.44 | 59.60 | 200.2 | 48.27 | 17.26 | -13.79 | 7.01 |
| 23Q2 (15) | 0.49 | 58.06 | -61.72 | 21.17 | 20.28 | 22.09 | 7.56 | 90.43 | 14.55 | 9.46 | 83.33 | -8.42 | 6.60 | 72.32 | -22.08 | 1.64 | 72.63 | -47.77 | 1.06 | 51.43 | -32.91 | 0.13 | 8.33 | -18.75 | 15.55 | 37.73 | 3.67 | 97.83 | -1.4 | -20.0 | 79.41 | 4.06 | 24.96 | 19.85 | -11.25 | -44.82 | 20.02 | 10.49 | 38.83 |
| 23Q1 (14) | 0.31 | -6.06 | -36.73 | 17.60 | -16.67 | 32.43 | 3.97 | -64.2 | 53.88 | 5.16 | -39.93 | -5.15 | 3.83 | -44.65 | -7.93 | 0.95 | -45.09 | -31.65 | 0.70 | -34.58 | -12.5 | 0.12 | 0.0 | -20.0 | 11.29 | -24.08 | 11.23 | 99.22 | -0.62 | -26.41 | 76.32 | -40.9 | 60.11 | 22.37 | 176.78 | -57.26 | 18.12 | -1.95 | 23.1 |
| 22Q4 (13) | 0.33 | -70.54 | -32.65 | 21.12 | 10.11 | 63.85 | 11.09 | 72.2 | 96.98 | 8.59 | -20.32 | 29.56 | 6.92 | -21.9 | 28.86 | 1.73 | -40.75 | -18.01 | 1.07 | -31.41 | -7.76 | 0.12 | -20.0 | -33.33 | 14.87 | -5.53 | 37.94 | 99.84 | -10.3 | -9.05 | 129.13 | 115.93 | 51.92 | -29.13 | -172.48 | -294.23 | 18.48 | 14.57 | 39.47 |
| 22Q3 (12) | 1.12 | -12.5 | -29.56 | 19.18 | 10.61 | 14.85 | 6.44 | -2.42 | -13.44 | 10.78 | 4.36 | -18.89 | 8.86 | 4.6 | -24.08 | 2.92 | -7.01 | -45.83 | 1.56 | -1.27 | -37.6 | 0.15 | -6.25 | -25.0 | 15.74 | 4.93 | -5.29 | 111.30 | -8.98 | -6.73 | 59.80 | -5.9 | 6.65 | 40.20 | 11.71 | -8.48 | 16.13 | 11.86 | 21.37 |
| 22Q2 (11) | 1.28 | 161.22 | 109.84 | 17.34 | 30.47 | 9.75 | 6.60 | 155.81 | -15.28 | 10.33 | 89.89 | 16.86 | 8.47 | 103.61 | 44.05 | 3.14 | 125.9 | 8.28 | 1.58 | 97.5 | 17.04 | 0.16 | 6.67 | -20.0 | 15.00 | 47.78 | 18.11 | 122.28 | -9.3 | -12.59 | 63.55 | 33.33 | -27.82 | 35.98 | -31.25 | 201.04 | 14.42 | -2.04 | 20.87 |
| 22Q1 (10) | 0.49 | 0.0 | -2.0 | 13.29 | 3.1 | -11.64 | 2.58 | -54.17 | -54.82 | 5.44 | -17.95 | -28.7 | 4.16 | -22.53 | -27.02 | 1.39 | -34.12 | -43.27 | 0.80 | -31.03 | -30.43 | 0.15 | -16.67 | -11.76 | 10.15 | -5.84 | -14.85 | 134.82 | 22.82 | -14.63 | 47.66 | -43.93 | -36.56 | 52.34 | 248.91 | 106.14 | 14.72 | 11.09 | 12.88 |
| 21Q4 (9) | 0.49 | -69.18 | -30.99 | 12.89 | -22.81 | -25.62 | 5.63 | -24.33 | -39.46 | 6.63 | -50.11 | -26.25 | 5.37 | -53.98 | -25.0 | 2.11 | -60.85 | -39.71 | 1.16 | -53.6 | -28.83 | 0.18 | -10.0 | -10.0 | 10.78 | -35.14 | -14.38 | 109.77 | -8.01 | -24.92 | 85.00 | 51.58 | -17.83 | 15.00 | -65.85 | 535.0 | 13.25 | -0.3 | 3.52 |
| 21Q3 (8) | 1.59 | 160.66 | 60.61 | 16.70 | 5.7 | -14.62 | 7.44 | -4.49 | -36.68 | 13.29 | 50.34 | 12.06 | 11.67 | 98.47 | 32.16 | 5.39 | 85.86 | 14.44 | 2.50 | 85.19 | 12.61 | 0.20 | 0.0 | -13.04 | 16.62 | 30.87 | 7.57 | 119.33 | -14.7 | -15.16 | 56.08 | -36.31 | -43.29 | 43.92 | 267.49 | 3831.08 | 13.29 | 11.4 | 17.61 |
| 21Q2 (7) | 0.61 | 22.0 | -6.15 | 15.80 | 5.05 | -18.77 | 7.79 | 36.43 | -9.21 | 8.84 | 15.86 | 0.0 | 5.88 | 3.16 | -20.65 | 2.90 | 18.37 | 16.47 | 1.35 | 17.39 | 1.5 | 0.20 | 17.65 | 17.65 | 12.70 | 6.54 | -9.22 | 139.89 | -11.42 | 13.81 | 88.05 | 17.19 | -9.51 | 11.95 | -52.92 | 268.53 | 11.93 | -8.51 | 0 |
| 21Q1 (6) | 0.50 | -29.58 | 554.55 | 15.04 | -13.21 | -11.74 | 5.71 | -38.6 | 443.81 | 7.63 | -15.13 | 274.02 | 5.70 | -20.39 | 583.05 | 2.45 | -30.0 | 1066.67 | 1.15 | -29.45 | 296.55 | 0.17 | -15.0 | 54.55 | 11.92 | -5.32 | 18.37 | 157.93 | 8.02 | 30.04 | 75.13 | -27.37 | 50.26 | 25.39 | 836.27 | -45.6 | 13.04 | 1.87 | -33.57 |
| 20Q4 (5) | 0.71 | -28.28 | 691.67 | 17.33 | -11.4 | 4.33 | 9.30 | -20.85 | 131.92 | 8.99 | -24.2 | 192.83 | 7.16 | -18.91 | 2209.68 | 3.50 | -25.69 | 2400.0 | 1.63 | -26.58 | 503.7 | 0.20 | -13.04 | 11.11 | 12.59 | -18.51 | 50.42 | 146.20 | 3.94 | 6.69 | 103.45 | 4.62 | -20.59 | -3.45 | -408.62 | 88.61 | 12.80 | 13.27 | 0 |
| 20Q3 (4) | 0.99 | 52.31 | 0.0 | 19.56 | 0.57 | 0.0 | 11.75 | 36.95 | 0.0 | 11.86 | 34.16 | 0.0 | 8.83 | 19.16 | 0.0 | 4.71 | 89.16 | 0.0 | 2.22 | 66.92 | 0.0 | 0.23 | 35.29 | 0.0 | 15.45 | 10.44 | 0.0 | 140.66 | 14.43 | 0.0 | 98.88 | 1.63 | 0.0 | 1.12 | -65.55 | 0.0 | 11.30 | 0 | 0.0 |
| 20Q2 (3) | 0.65 | 690.91 | 0.0 | 19.45 | 14.14 | 0.0 | 8.58 | 717.14 | 0.0 | 8.84 | 333.33 | 0.0 | 7.41 | 727.97 | 0.0 | 2.49 | 1085.71 | 0.0 | 1.33 | 358.62 | 0.0 | 0.17 | 54.55 | 0.0 | 13.99 | 38.93 | 0.0 | 122.92 | 1.21 | 0.0 | 97.30 | 94.59 | 0.0 | 3.24 | -93.05 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.11 | 8.33 | 0.0 | 17.04 | 2.59 | 0.0 | 1.05 | -73.82 | 0.0 | 2.04 | -33.55 | 0.0 | -1.18 | -480.65 | 0.0 | 0.21 | 50.0 | 0.0 | 0.29 | 7.41 | 0.0 | 0.11 | -38.89 | 0.0 | 10.07 | 20.31 | 0.0 | 121.45 | -11.37 | 0.0 | 50.00 | -61.62 | 0.0 | 46.67 | 254.2 | 0.0 | 19.63 | 0 | 0.0 |
| 19Q4 (1) | -0.12 | 0.0 | 0.0 | 16.61 | 0.0 | 0.0 | 4.01 | 0.0 | 0.0 | 3.07 | 0.0 | 0.0 | 0.31 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 8.37 | 0.0 | 0.0 | 137.03 | 0.0 | 0.0 | 130.26 | 0.0 | 0.0 | -30.26 | 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) | 3.61 | 12.81 | 18.60 | 6.35 | 6.29 | -1.56 | 2.85 | -3.15 | 11.46 | 30.23 | 8.75 | 22.89 | 10.00 | 15.34 | 5.95 | 17.82 | 0.59 | 0.0 | 16.31 | 17.51 | 89.69 | -10.17 | 54.87 | -24.49 | 45.13 | 65.06 | 0.04 | -77.88 | 18.66 | 18.48 |
| 2022 (9) | 3.20 | 0.31 | 17.49 | 15.22 | 6.39 | -4.63 | 2.95 | 22.36 | 8.80 | -4.24 | 7.12 | -1.39 | 8.67 | -29.74 | 5.05 | -17.35 | 0.59 | -21.33 | 13.88 | 6.12 | 99.84 | -9.05 | 72.66 | -0.3 | 27.34 | 0.81 | 0.19 | -49.42 | 15.75 | 22.57 |
| 2021 (8) | 3.19 | 43.05 | 15.18 | -17.81 | 6.70 | -22.63 | 2.41 | -18.88 | 9.19 | 4.31 | 7.22 | 11.59 | 12.34 | 15.65 | 6.11 | 18.64 | 0.75 | 11.94 | 13.08 | -2.68 | 109.77 | -24.92 | 72.88 | -25.79 | 27.12 | 1407.99 | 0.38 | -16.89 | 12.85 | -6.75 |
| 2020 (7) | 2.23 | 384.78 | 18.47 | 12.42 | 8.66 | 256.38 | 2.97 | -17.04 | 8.81 | 81.28 | 6.47 | 123.1 | 10.67 | 91.91 | 5.15 | 46.72 | 0.67 | -24.72 | 13.44 | 33.73 | 146.20 | 6.69 | 98.20 | 96.4 | 1.80 | -96.4 | 0.46 | -26.82 | 13.78 | -5.75 |
| 2019 (6) | 0.46 | 0 | 16.43 | 23.35 | 2.43 | 0 | 3.58 | 41.34 | 4.86 | 0 | 2.90 | 0 | 5.56 | 0 | 3.51 | 0 | 0.89 | -5.32 | 10.05 | 915.15 | 137.03 | 41.62 | 50.00 | -66.82 | 50.00 | 0 | 0.63 | -35.12 | 14.62 | -7.06 |
| 2018 (5) | -1.48 | 0 | 13.32 | -11.14 | -2.96 | 0 | 2.53 | 1.03 | -1.97 | 0 | -2.44 | 0 | -4.47 | 0 | -2.17 | 0 | 0.94 | -5.05 | 0.99 | -69.54 | 96.76 | 5.55 | 150.69 | 0 | -50.69 | 0 | 0.97 | -35.47 | 15.73 | -0.44 |
| 2017 (4) | -1.09 | 0 | 14.99 | -11.3 | -2.23 | 0 | 2.51 | 6.31 | 0.39 | -77.33 | -0.88 | 0 | -1.64 | 0 | -0.75 | 0 | 0.99 | -1.0 | 3.25 | -26.8 | 91.67 | 4.98 | -573.91 | 0 | 673.91 | 466.52 | 1.50 | 0 | 15.80 | 8.59 |
| 2016 (3) | 0.33 | 0 | 16.90 | 24.54 | -0.32 | 0 | 2.36 | 3.55 | 1.72 | 207.14 | 0.88 | 0 | 1.65 | 0 | 1.00 | 1900.0 | 1.00 | -6.54 | 4.44 | 37.04 | 87.32 | 1.53 | -18.96 | 0 | 118.96 | -58.93 | 0.00 | 0 | 14.55 | 11.24 |
| 2015 (2) | -0.61 | 0 | 13.57 | -0.59 | -1.07 | 0 | 2.28 | 2.33 | 0.56 | -93.01 | -0.17 | 0 | -0.33 | 0 | 0.05 | -99.4 | 1.07 | 2.88 | 3.24 | -70.41 | 86.00 | 7.09 | -189.61 | 0 | 289.61 | 222.28 | 0.00 | 0 | 13.08 | 7.39 |
| 2014 (1) | 3.68 | 0 | 13.65 | 0 | 0.81 | 0 | 2.22 | -11.19 | 8.01 | 0 | 7.51 | 0 | 14.02 | 0 | 8.27 | 0 | 1.04 | -3.7 | 10.95 | 219.24 | 80.31 | 3.43 | 10.14 | 0 | 89.86 | -66.13 | 0.00 | 0 | 12.18 | 11.85 |
