- 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) | 0.77 | -39.37 | -37.4 | 15.20 | -13.59 | -12.09 | 5.10 | -22.73 | -2.3 | 5.34 | -18.84 | -46.71 | 5.04 | -44.19 | -51.26 | 1.19 | -38.97 | -39.9 | 0.93 | -40.0 | -38.41 | 0.18 | 5.88 | 28.57 | 10.17 | -14.9 | -37.49 | 30.90 | 2.49 | 10.4 | 95.24 | -4.76 | 83.33 | 4.76 | 0 | -90.09 | 13.84 | -5.59 | -22.03 |
| 24Q2 (19) | 1.27 | 27.0 | -30.22 | 17.59 | 7.58 | 4.21 | 6.60 | 80.33 | -4.35 | 6.58 | -29.93 | -54.87 | 9.03 | -1.42 | -32.36 | 1.95 | 23.42 | -33.45 | 1.55 | 21.09 | -29.22 | 0.17 | 21.43 | 6.25 | 11.95 | -26.19 | -40.69 | 30.15 | 15.34 | -21.09 | 100.00 | 153.85 | 111.57 | 0.00 | -100.0 | -100.0 | 14.66 | -17.78 | 5.62 |
| 24Q1 (18) | 1.00 | 244.83 | 229.87 | 16.35 | 0.43 | 172.5 | 3.66 | -32.6 | 138.85 | 9.39 | 58.88 | 205.51 | 9.16 | 286.5 | 200.66 | 1.58 | 251.11 | 230.58 | 1.28 | 236.84 | 254.22 | 0.14 | -6.67 | 40.0 | 16.19 | 34.13 | 8894.44 | 26.14 | 5.02 | -20.35 | 39.39 | -57.36 | -62.54 | 61.36 | 605.68 | 1092.05 | 17.83 | 21.13 | -15.78 |
| 23Q4 (17) | 0.29 | -76.42 | -84.24 | 16.28 | -5.84 | -18.92 | 5.43 | 4.02 | -49.54 | 5.91 | -41.02 | -42.06 | 2.37 | -77.08 | -77.47 | 0.45 | -77.27 | -84.48 | 0.38 | -74.83 | -80.81 | 0.15 | 7.14 | -16.67 | 12.07 | -25.81 | -17.39 | 24.89 | -11.08 | -42.74 | 92.39 | 77.85 | -12.55 | 8.70 | -81.9 | 253.85 | 14.72 | -17.07 | 30.04 |
| 23Q3 (16) | 1.23 | -32.42 | -67.97 | 17.29 | 2.43 | -21.19 | 5.22 | -24.35 | -63.0 | 10.02 | -31.28 | -43.61 | 10.34 | -22.55 | -33.42 | 1.98 | -32.42 | -68.77 | 1.51 | -31.05 | -62.81 | 0.14 | -12.5 | -46.15 | 16.27 | -19.26 | -22.78 | 27.99 | -26.75 | -48.65 | 51.95 | 9.91 | -34.52 | 48.05 | -8.88 | 132.46 | 17.75 | 27.88 | 87.04 |
| 23Q2 (15) | 1.82 | 336.36 | 323.26 | 16.88 | 181.33 | 43.54 | 6.90 | 173.25 | 372.6 | 14.58 | 263.82 | 159.89 | 13.35 | 246.7 | 340.59 | 2.93 | 342.15 | 306.94 | 2.19 | 363.86 | 346.94 | 0.16 | 60.0 | 6.67 | 20.15 | 11094.44 | 74.91 | 38.21 | 16.42 | -36.69 | 47.27 | -55.05 | 80.31 | 52.73 | 952.54 | -28.53 | 13.88 | -34.44 | -2.87 |
| 23Q1 (14) | -0.77 | -141.85 | -139.69 | 6.00 | -70.12 | -67.79 | -9.42 | -187.55 | -191.01 | -8.90 | -187.25 | -179.54 | -9.10 | -186.5 | -189.13 | -1.21 | -141.72 | -137.81 | -0.83 | -141.92 | -140.29 | 0.10 | -44.44 | -50.0 | 0.18 | -98.77 | -98.85 | 32.82 | -24.5 | -38.4 | 105.15 | -0.47 | 13.47 | -6.19 | -9.44 | -180.41 | 21.17 | 87.01 | 86.19 |
| 22Q4 (13) | 1.84 | -52.08 | -20.69 | 20.08 | -8.48 | 0.4 | 10.76 | -23.74 | -16.91 | 10.20 | -42.6 | -17.48 | 10.52 | -32.26 | -6.49 | 2.90 | -54.26 | -28.22 | 1.98 | -51.23 | -18.18 | 0.18 | -30.77 | -14.29 | 14.61 | -30.66 | -10.81 | 43.47 | -20.25 | -28.95 | 105.65 | 33.18 | 0.81 | -5.65 | -127.34 | -17.64 | 11.32 | 19.28 | 1.16 |
| 22Q3 (12) | 3.84 | 793.02 | 33.8 | 21.94 | 86.56 | 3.0 | 14.11 | 866.44 | 3.45 | 17.77 | 216.76 | 22.89 | 15.53 | 412.54 | 15.12 | 6.34 | 780.56 | 21.46 | 4.06 | 728.57 | 34.44 | 0.26 | 73.33 | 18.18 | 21.07 | 82.9 | 15.52 | 54.51 | -9.68 | -28.39 | 79.33 | 202.62 | -16.09 | 20.67 | -71.98 | 262.2 | 9.49 | -33.59 | -3.16 |
| 22Q2 (11) | 0.43 | -77.84 | -79.13 | 11.76 | -36.88 | -33.86 | 1.46 | -85.89 | -85.96 | 5.61 | -49.87 | -43.62 | 3.03 | -70.32 | -69.39 | 0.72 | -77.5 | -80.54 | 0.49 | -76.21 | -77.73 | 0.15 | -25.0 | -31.82 | 11.52 | -26.34 | -16.58 | 60.35 | 13.27 | -17.02 | 26.21 | -71.71 | -74.89 | 73.79 | 859.22 | 1772.49 | 14.29 | 25.68 | 52.02 |
| 22Q1 (10) | 1.94 | -16.38 | -22.09 | 18.63 | -6.85 | -7.04 | 10.35 | -20.08 | -12.29 | 11.19 | -9.47 | -11.19 | 10.21 | -9.24 | -16.24 | 3.20 | -20.79 | -27.27 | 2.06 | -14.88 | -21.07 | 0.20 | -4.76 | -4.76 | 15.64 | -4.52 | -5.5 | 53.28 | -12.91 | -22.25 | 92.67 | -11.57 | -1.15 | 7.69 | 260.1 | 23.08 | 11.37 | 1.61 | 3.55 |
| 21Q4 (9) | 2.32 | -19.16 | -27.95 | 20.00 | -6.1 | -3.33 | 12.95 | -5.06 | -7.96 | 12.36 | -14.52 | -2.14 | 11.25 | -16.6 | -6.72 | 4.04 | -22.61 | -32.55 | 2.42 | -19.87 | -31.05 | 0.21 | -4.55 | -27.59 | 16.38 | -10.2 | 4.46 | 61.18 | -19.63 | -14.68 | 104.80 | 10.86 | -6.06 | -4.80 | -184.19 | 58.45 | 11.19 | 14.18 | 40.4 |
| 21Q3 (8) | 2.87 | 39.32 | -19.15 | 21.30 | 19.8 | -7.87 | 13.64 | 31.15 | -18.13 | 14.46 | 45.33 | -6.35 | 13.49 | 36.26 | -0.59 | 5.22 | 41.08 | -25.96 | 3.02 | 37.27 | -25.43 | 0.22 | 0.0 | -26.67 | 18.24 | 32.08 | -1.35 | 76.12 | 4.66 | 4.2 | 94.54 | -9.45 | -12.41 | 5.71 | 229.36 | 171.88 | 9.80 | 4.26 | 20.1 |
| 21Q2 (7) | 2.06 | -17.27 | -26.95 | 17.78 | -11.28 | -13.77 | 10.40 | -11.86 | -25.34 | 9.95 | -21.03 | -29.18 | 9.90 | -18.79 | -22.05 | 3.70 | -15.91 | -36.64 | 2.20 | -15.71 | -37.32 | 0.22 | 4.76 | -18.52 | 13.81 | -16.56 | -22.15 | 72.73 | 6.13 | -6.8 | 104.41 | 11.37 | 5.45 | -4.41 | -170.59 | -550.0 | 9.40 | -14.39 | 0 |
| 21Q1 (6) | 2.49 | -22.67 | 227.63 | 20.04 | -3.14 | 6.94 | 11.80 | -16.13 | 50.7 | 12.60 | -0.24 | 59.9 | 12.19 | 1.08 | 68.84 | 4.40 | -26.54 | 175.0 | 2.61 | -25.64 | 146.23 | 0.21 | -27.59 | 50.0 | 16.55 | 5.55 | 5.08 | 68.53 | -4.43 | 17.73 | 93.75 | -15.97 | -5.38 | 6.25 | 154.04 | 581.25 | 10.98 | 37.77 | -29.71 |
| 20Q4 (5) | 3.22 | -9.3 | 246.24 | 20.69 | -10.51 | 19.46 | 14.07 | -15.55 | 87.1 | 12.63 | -18.2 | 75.91 | 12.06 | -11.13 | 59.1 | 5.99 | -15.04 | 202.53 | 3.51 | -13.33 | 165.91 | 0.29 | -3.33 | 70.59 | 15.68 | -15.2 | 12.08 | 71.71 | -1.83 | 21.38 | 111.56 | 3.36 | 6.95 | -11.56 | -45.66 | -123.58 | 7.97 | -2.33 | -41.35 |
| 20Q3 (4) | 3.55 | 25.89 | 0.0 | 23.12 | 12.12 | 0.0 | 16.66 | 19.6 | 0.0 | 15.44 | 9.89 | 0.0 | 13.57 | 6.85 | 0.0 | 7.05 | 20.72 | 0.0 | 4.05 | 15.38 | 0.0 | 0.30 | 11.11 | 0.0 | 18.49 | 4.23 | 0.0 | 73.05 | -6.39 | 0.0 | 107.94 | 9.01 | 0.0 | -7.94 | -909.83 | 0.0 | 8.16 | 0 | 0.0 |
| 20Q2 (3) | 2.82 | 271.05 | 0.0 | 20.62 | 10.03 | 0.0 | 13.93 | 77.91 | 0.0 | 14.05 | 78.3 | 0.0 | 12.70 | 75.9 | 0.0 | 5.84 | 265.0 | 0.0 | 3.51 | 231.13 | 0.0 | 0.27 | 92.86 | 0.0 | 17.74 | 12.63 | 0.0 | 78.04 | 34.07 | 0.0 | 99.02 | -0.06 | 0.0 | 0.98 | 6.86 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.76 | -18.28 | 0.0 | 18.74 | 8.2 | 0.0 | 7.83 | 4.12 | 0.0 | 7.88 | 9.75 | 0.0 | 7.22 | -4.75 | 0.0 | 1.60 | -19.19 | 0.0 | 1.06 | -19.7 | 0.0 | 0.14 | -17.65 | 0.0 | 15.75 | 12.58 | 0.0 | 58.21 | -1.47 | 0.0 | 99.08 | -5.01 | 0.0 | 0.92 | 117.74 | 0.0 | 15.62 | 14.94 | 0.0 |
| 19Q4 (1) | 0.93 | 0.0 | 0.0 | 17.32 | 0.0 | 0.0 | 7.52 | 0.0 | 0.0 | 7.18 | 0.0 | 0.0 | 7.58 | 0.0 | 0.0 | 1.98 | 0.0 | 0.0 | 1.32 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 13.99 | 0.0 | 0.0 | 59.08 | 0.0 | 0.0 | 104.31 | 0.0 | 0.0 | -5.17 | 0.0 | 0.0 | 13.59 | 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) | 2.57 | -68.07 | 14.84 | -20.85 | 3.09 | -69.07 | 6.26 | 50.74 | 6.83 | -43.37 | 5.58 | -47.7 | 4.07 | -68.86 | 3.15 | -63.88 | 0.54 | -33.33 | 13.37 | -18.48 | 24.89 | -42.74 | 45.32 | -45.35 | 54.68 | 218.83 | 0.00 | 0 | 16.44 | 45.49 |
| 2022 (9) | 8.05 | -17.35 | 18.75 | -5.26 | 9.99 | -18.18 | 4.15 | 11.37 | 12.06 | -2.35 | 10.67 | -8.96 | 13.07 | -23.83 | 8.72 | -16.4 | 0.81 | -7.95 | 16.40 | 0.92 | 43.47 | -28.95 | 82.94 | -16.13 | 17.15 | 1340.61 | 0.00 | 0 | 11.30 | 9.39 |
| 2021 (8) | 9.74 | -5.89 | 19.79 | -6.56 | 12.21 | -13.16 | 3.73 | 3.73 | 12.35 | -6.93 | 11.72 | -3.06 | 17.16 | -15.01 | 10.43 | -15.41 | 0.88 | -12.87 | 16.25 | -4.92 | 61.18 | -14.68 | 98.88 | -6.64 | 1.19 | 0 | 0.00 | 0 | 10.33 | 15.16 |
| 2020 (7) | 10.35 | 293.54 | 21.18 | 22.0 | 14.06 | 124.6 | 3.60 | -52.71 | 13.27 | 95.72 | 12.09 | 85.43 | 20.19 | 259.89 | 12.33 | 212.15 | 1.01 | 77.19 | 17.09 | 14.62 | 71.71 | 21.38 | 105.92 | 14.56 | -5.92 | 0 | 0.00 | 0 | 8.97 | -40.87 |
| 2019 (6) | 2.63 | 103.88 | 17.36 | 27.74 | 6.26 | 139.85 | 7.60 | 19.22 | 6.78 | 76.1 | 6.52 | 108.97 | 5.61 | 101.8 | 3.95 | 90.82 | 0.57 | -8.06 | 14.91 | 41.86 | 59.08 | 41.68 | 92.46 | 36.08 | 7.82 | -75.6 | 0.00 | 0 | 15.17 | 8.67 |
| 2018 (5) | 1.29 | -37.68 | 13.59 | -19.06 | 2.61 | -48.72 | 6.38 | 11.81 | 3.85 | -22.69 | 3.12 | -32.47 | 2.78 | -36.38 | 2.07 | -33.87 | 0.62 | -4.62 | 10.51 | -3.4 | 41.70 | -8.11 | 67.94 | -33.42 | 32.06 | 0 | 0.00 | 0 | 13.96 | 0.5 |
| 2017 (4) | 2.07 | -65.79 | 16.79 | -37.21 | 5.09 | -63.8 | 5.71 | 6.46 | 4.98 | -65.42 | 4.62 | -64.54 | 4.37 | -65.15 | 3.13 | -63.94 | 0.65 | -1.52 | 10.88 | -45.41 | 45.38 | 3.63 | 102.05 | 4.44 | -2.05 | 0 | 0.00 | 0 | 13.89 | -5.89 |
| 2016 (3) | 6.05 | -9.3 | 26.74 | 10.54 | 14.06 | 3.08 | 5.36 | 16.44 | 14.40 | -0.62 | 13.03 | 6.45 | 12.54 | -13.81 | 8.68 | -14.65 | 0.66 | -19.51 | 19.93 | 3.64 | 43.79 | -9.04 | 97.71 | 3.9 | 2.29 | -60.9 | 0.00 | 0 | 14.76 | 16.68 |
| 2015 (2) | 6.67 | 47.57 | 24.19 | 13.2 | 13.64 | 43.88 | 4.60 | -9.09 | 14.49 | 37.35 | 12.24 | 31.19 | 14.55 | 34.23 | 10.17 | 29.22 | 0.82 | -2.38 | 19.23 | 22.25 | 48.14 | 19.6 | 94.04 | 4.53 | 5.86 | -42.46 | 0.00 | 0 | 12.65 | -0.63 |
| 2014 (1) | 4.52 | 187.9 | 21.37 | 0 | 9.48 | 0 | 5.06 | -23.16 | 10.55 | 0 | 9.33 | 0 | 10.84 | 0 | 7.87 | 0 | 0.84 | 33.33 | 15.73 | 27.16 | 40.25 | 6.76 | 89.97 | 7.79 | 10.18 | -38.41 | 0.00 | 0 | 12.73 | -18.4 |
