- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | 0.49 | 32.43 | 345.45 | 27.11 | -8.29 | 28.42 | 3.37 | -67.06 | 326.58 | 10.57 | 18.5 | 193.61 | 5.85 | 81.11 | 193.97 | 0.93 | 40.91 | 257.69 | 0.74 | 37.04 | 252.38 | 0.12 | -25.0 | 20.0 | 16.91 | 15.43 | 33.46 | 32.33 | 24.78 | -9.24 | 32.76 | -71.73 | 74.71 | 68.97 | 582.76 | -8.05 | 32.80 | 197.91 | -0.46 |
| 23Q4 (19) | 0.37 | -50.0 | 19.35 | 29.56 | 6.64 | 21.7 | 10.23 | -11.89 | 42.08 | 8.92 | -31.17 | 52.48 | 3.23 | -54.95 | 5.9 | 0.66 | -57.42 | 50.0 | 0.54 | -55.74 | 54.29 | 0.16 | -5.88 | 45.45 | 14.65 | -20.42 | 10.65 | 25.91 | -2.41 | -22.77 | 115.87 | 29.35 | -3.99 | -14.29 | -237.14 | 40.82 | 11.01 | -63.05 | -65.05 |
| 23Q3 (18) | 0.74 | -51.95 | -64.08 | 27.72 | 2.06 | -4.61 | 11.61 | 4.5 | -22.24 | 12.96 | -45.64 | -55.45 | 7.17 | -53.95 | -65.94 | 1.55 | -47.64 | -59.84 | 1.22 | -45.54 | -58.22 | 0.17 | 21.43 | 21.43 | 18.41 | -36.91 | -46.44 | 26.55 | -21.8 | 5.78 | 89.58 | 93.24 | 75.23 | 10.42 | -80.58 | -78.69 | 29.80 | 15.68 | -12.66 |
| 23Q2 (17) | 1.54 | 1300.0 | 3.36 | 27.16 | 28.66 | 3.55 | 11.11 | 1306.33 | -16.9 | 23.84 | 562.22 | 14.01 | 15.57 | 682.41 | 13.15 | 2.96 | 1038.46 | 1.37 | 2.24 | 966.67 | 10.34 | 0.14 | 40.0 | -6.67 | 29.18 | 130.31 | 14.39 | 33.95 | -4.69 | -15.74 | 46.36 | 147.24 | -27.94 | 53.64 | -28.48 | 47.52 | 25.76 | -21.82 | -13.99 |
| 23Q1 (16) | 0.11 | -64.52 | -85.71 | 21.11 | -13.09 | -3.03 | 0.79 | -89.03 | -91.14 | 3.60 | -38.46 | -68.91 | 1.99 | -34.75 | -72.01 | 0.26 | -40.91 | -82.19 | 0.21 | -40.0 | -79.61 | 0.10 | -9.09 | -28.57 | 12.67 | -4.31 | -21.55 | 35.62 | 6.17 | -29.0 | 18.75 | -84.46 | -75.62 | 75.00 | 410.71 | 225.0 | 32.95 | 4.6 | -13.92 |
| 22Q4 (15) | 0.31 | -84.95 | -73.73 | 24.29 | -16.41 | 0.54 | 7.20 | -51.77 | -45.7 | 5.85 | -79.89 | -53.57 | 3.05 | -85.51 | -64.08 | 0.44 | -88.6 | -80.36 | 0.35 | -88.01 | -78.4 | 0.11 | -21.43 | -42.11 | 13.24 | -61.48 | -14.19 | 33.55 | 33.67 | -13.95 | 120.69 | 136.07 | 14.45 | -24.14 | -149.39 | -342.53 | 31.50 | -7.68 | 4.97 |
| 22Q3 (14) | 2.06 | 38.26 | 3.0 | 29.06 | 10.79 | -4.25 | 14.93 | 11.67 | -22.16 | 29.09 | 39.12 | 41.15 | 21.05 | 52.98 | 44.18 | 3.86 | 32.19 | -3.02 | 2.92 | 43.84 | 12.74 | 0.14 | -6.67 | -22.22 | 34.37 | 34.73 | 43.87 | 25.10 | -37.7 | -35.09 | 51.12 | -20.54 | -45.22 | 48.88 | 34.41 | 576.75 | 34.12 | 13.92 | 3.68 |
| 22Q2 (13) | 1.49 | 93.51 | -41.34 | 26.23 | 20.49 | -24.58 | 13.37 | 49.89 | -46.09 | 20.91 | 80.57 | -12.55 | 13.76 | 93.53 | -22.17 | 2.92 | 100.0 | -44.38 | 2.03 | 97.09 | -35.35 | 0.15 | 7.14 | -16.67 | 25.51 | 57.96 | -3.55 | 40.29 | -19.69 | -44.03 | 64.34 | -16.36 | -37.93 | 36.36 | 57.58 | 1095.45 | 29.95 | -21.76 | 7.77 |
| 22Q1 (12) | 0.77 | -34.75 | -75.32 | 21.77 | -9.89 | -37.53 | 8.92 | -32.73 | -63.58 | 11.58 | -8.1 | -54.21 | 7.11 | -16.25 | -61.34 | 1.46 | -34.82 | -77.04 | 1.03 | -36.42 | -75.48 | 0.14 | -26.32 | -39.13 | 16.15 | 4.67 | -41.44 | 50.17 | 28.67 | -22.35 | 76.92 | -27.06 | -20.59 | 23.08 | 523.08 | 635.58 | 38.28 | 27.56 | 9.47 |
| 21Q4 (11) | 1.18 | -41.0 | -71.36 | 24.16 | -20.4 | -38.99 | 13.26 | -30.87 | -55.32 | 12.60 | -38.86 | -53.33 | 8.49 | -41.85 | -57.53 | 2.24 | -43.72 | -74.43 | 1.62 | -37.45 | -73.7 | 0.19 | 5.56 | -38.71 | 15.43 | -35.41 | -46.83 | 38.99 | 0.83 | 0.28 | 105.45 | 12.99 | -4.21 | -5.45 | -175.52 | 45.97 | 30.01 | -8.81 | 0.57 |
| 21Q3 (10) | 2.00 | -21.26 | -51.92 | 30.35 | -12.74 | -25.87 | 19.18 | -22.66 | -41.22 | 20.61 | -13.8 | -31.14 | 14.60 | -17.42 | -33.24 | 3.98 | -24.19 | -61.09 | 2.59 | -17.52 | -63.0 | 0.18 | 0.0 | -43.75 | 23.89 | -9.68 | -24.99 | 38.67 | -46.28 | -16.7 | 93.33 | -9.96 | -14.55 | 7.22 | 297.71 | 180.89 | 32.91 | 18.42 | 0 |
| 21Q2 (9) | 2.54 | -18.59 | -37.9 | 34.78 | -0.2 | -13.97 | 24.80 | 1.27 | -21.64 | 23.91 | -5.46 | -27.55 | 17.68 | -3.86 | -24.83 | 5.25 | -17.45 | -52.36 | 3.14 | -25.24 | -57.91 | 0.18 | -21.74 | -43.75 | 26.45 | -4.1 | -24.51 | 71.99 | 11.42 | 56.3 | 103.65 | 7.01 | 8.09 | -3.65 | -216.44 | -189.08 | 27.79 | -20.53 | 7.13 |
| 21Q1 (8) | 3.12 | -24.27 | 327.4 | 34.85 | -11.99 | 40.52 | 24.49 | -17.49 | 116.73 | 25.29 | -6.33 | 116.15 | 18.39 | -8.0 | 132.78 | 6.36 | -27.4 | 232.98 | 4.20 | -31.82 | 206.57 | 0.23 | -25.81 | 35.29 | 27.58 | -4.96 | 69.51 | 64.61 | 66.18 | 27.61 | 96.86 | -12.02 | 0.59 | 3.14 | 131.08 | -15.29 | 34.97 | 17.19 | 0 |
| 20Q4 (7) | 4.12 | -0.96 | 296.15 | 39.60 | -3.27 | 20.11 | 29.68 | -9.04 | 42.76 | 27.00 | -9.79 | 79.05 | 19.99 | -8.6 | 121.37 | 8.76 | -14.37 | 225.65 | 6.16 | -12.0 | 206.47 | 0.31 | -3.13 | 40.91 | 29.02 | -8.89 | 62.4 | 38.88 | -16.24 | 18.0 | 110.09 | 0.8 | -19.93 | -10.09 | -13.06 | 73.08 | 29.84 | 0 | 11.84 |
| 20Q3 (6) | 4.16 | 1.71 | 156.79 | 40.94 | 1.26 | 44.66 | 32.63 | 3.1 | 93.08 | 29.93 | -9.3 | 42.86 | 21.87 | -7.02 | 55.99 | 10.23 | -7.17 | 130.93 | 7.00 | -6.17 | 115.38 | 0.32 | 0.0 | 39.13 | 31.85 | -9.1 | 35.01 | 46.42 | 0.78 | 28.66 | 109.23 | 13.9 | 34.93 | -8.93 | -317.72 | -146.88 | 0.00 | -100.0 | -100.0 |
| 20Q2 (5) | 4.09 | 460.27 | 217.05 | 40.43 | 63.02 | 53.03 | 31.65 | 180.09 | 111.99 | 33.00 | 182.05 | 79.35 | 23.52 | 197.72 | 83.75 | 11.02 | 476.96 | 219.42 | 7.46 | 444.53 | 182.58 | 0.32 | 88.24 | 52.38 | 35.04 | 115.37 | 61.55 | 46.06 | -9.03 | 24.45 | 95.90 | -0.41 | 18.03 | 4.10 | 10.73 | -78.13 | 25.94 | 0 | -6.05 |
| 20Q1 (4) | 0.73 | -29.81 | 0.0 | 24.80 | -24.78 | 0.0 | 11.30 | -45.65 | 0.0 | 11.70 | -22.41 | 0.0 | 7.90 | -12.51 | 0.0 | 1.91 | -29.0 | 0.0 | 1.37 | -31.84 | 0.0 | 0.17 | -22.73 | 0.0 | 16.27 | -8.95 | 0.0 | 50.63 | 53.66 | 0.0 | 96.30 | -29.97 | 0.0 | 3.70 | 109.88 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (3) | 1.04 | -35.8 | 0.0 | 32.97 | 16.5 | 0.0 | 20.79 | 23.02 | 0.0 | 15.08 | -28.02 | 0.0 | 9.03 | -35.59 | 0.0 | 2.69 | -39.28 | 0.0 | 2.01 | -38.15 | 0.0 | 0.22 | -4.35 | 0.0 | 17.87 | -24.25 | 0.0 | 32.95 | -8.68 | 0.0 | 137.50 | 69.85 | 0.0 | -37.50 | -296.88 | 0.0 | 26.68 | -9.65 | 0.0 |
| 19Q3 (2) | 1.62 | 25.58 | 0.0 | 28.30 | 7.12 | 0.0 | 16.90 | 13.19 | 0.0 | 20.95 | 13.86 | 0.0 | 14.02 | 9.53 | 0.0 | 4.43 | 28.41 | 0.0 | 3.25 | 23.11 | 0.0 | 0.23 | 9.52 | 0.0 | 23.59 | 8.76 | 0.0 | 36.08 | -2.51 | 0.0 | 80.95 | -0.37 | 0.0 | 19.05 | 1.59 | 0.0 | 29.53 | 6.95 | 0.0 |
| 19Q2 (1) | 1.29 | 0.0 | 0.0 | 26.42 | 0.0 | 0.0 | 14.93 | 0.0 | 0.0 | 18.40 | 0.0 | 0.0 | 12.80 | 0.0 | 0.0 | 3.45 | 0.0 | 0.0 | 2.64 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 21.69 | 0.0 | 0.0 | 37.01 | 0.0 | 0.0 | 81.25 | 0.0 | 0.0 | 18.75 | 0.0 | 0.0 | 27.61 | 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) | 2.75 | -40.48 | 26.96 | 6.48 | 9.23 | -18.39 | 4.99 | 6.04 | 12.95 | -25.49 | 7.28 | -37.3 | 5.32 | -36.67 | 4.19 | -32.64 | 0.56 | 5.66 | 19.06 | -16.04 | 25.91 | -22.77 | 71.25 | 9.7 | 28.75 | -17.98 | 3.11 | -23.52 | 24.04 | -28.41 |
| 2022 (9) | 4.62 | -47.26 | 25.32 | -18.87 | 11.31 | -45.15 | 4.71 | 101.15 | 17.38 | -16.48 | 11.61 | -22.34 | 8.40 | -52.76 | 6.22 | -51.67 | 0.53 | -38.37 | 22.70 | -3.49 | 33.55 | -13.95 | 64.95 | -34.53 | 35.05 | 3725.1 | 4.06 | 321.87 | 33.58 | 6.57 |
| 2021 (8) | 8.76 | -33.18 | 31.21 | -18.66 | 20.62 | -28.38 | 2.34 | 19.28 | 20.81 | -24.38 | 14.95 | -25.1 | 17.78 | -42.63 | 12.87 | -43.48 | 0.86 | -24.56 | 23.52 | -21.13 | 38.99 | 0.28 | 99.21 | -5.23 | 0.92 | 0 | 0.96 | -28.97 | 31.51 | 9.94 |
| 2020 (7) | 13.11 | 187.5 | 38.37 | 34.68 | 28.79 | 75.87 | 1.96 | -26.25 | 27.52 | 66.08 | 19.96 | 79.98 | 30.99 | 157.61 | 22.77 | 148.85 | 1.14 | 39.02 | 29.82 | 51.22 | 38.88 | 18.0 | 104.69 | 5.91 | -4.59 | 0 | 1.36 | -43.52 | 28.66 | 0.88 |
| 2019 (6) | 4.56 | 34.12 | 28.49 | 27.02 | 16.37 | 67.04 | 2.66 | -12.17 | 16.57 | 28.05 | 11.09 | 19.38 | 12.03 | 30.34 | 9.15 | 29.79 | 0.82 | 9.33 | 19.72 | 19.08 | 32.95 | 7.61 | 98.85 | 30.53 | 1.15 | -95.28 | 2.40 | -16.03 | 28.41 | -10.77 |
| 2018 (5) | 3.40 | 466.67 | 22.43 | 12.54 | 9.80 | 51.23 | 3.03 | -18.18 | 12.94 | 253.55 | 9.29 | 588.15 | 9.23 | 688.89 | 7.05 | 598.02 | 0.75 | 15.38 | 16.56 | 62.51 | 30.62 | -8.38 | 75.73 | -57.45 | 24.27 | 0 | 2.86 | 0 | 31.84 | -0.53 |
| 2017 (4) | 0.60 | -70.15 | 19.93 | -2.64 | 6.48 | -3.57 | 3.70 | -13.82 | 3.66 | -63.73 | 1.35 | -79.58 | 1.17 | -78.61 | 1.01 | -75.66 | 0.65 | 6.56 | 10.19 | -39.02 | 33.42 | -2.37 | 177.97 | 167.75 | -77.97 | 0 | 0.00 | 0 | 32.01 | -7.91 |
| 2016 (3) | 2.01 | -53.26 | 20.47 | -22.34 | 6.72 | -44.32 | 4.30 | 12.37 | 10.09 | -37.83 | 6.61 | -42.37 | 5.47 | -50.27 | 4.15 | -50.0 | 0.61 | -15.28 | 16.71 | -22.96 | 34.23 | -10.65 | 66.47 | -10.55 | 33.53 | 30.5 | 0.00 | 0 | 34.76 | -10.13 |
| 2015 (2) | 4.30 | 0.47 | 26.36 | -0.49 | 12.07 | -12.91 | 3.82 | -8.8 | 16.23 | -2.58 | 11.47 | -0.69 | 11.00 | -7.49 | 8.30 | -9.98 | 0.72 | -10.0 | 21.69 | -2.65 | 38.31 | 29.38 | 74.30 | -10.51 | 25.70 | 54.18 | 0.00 | 0 | 38.68 | 25.18 |
| 2014 (1) | 4.28 | 323.76 | 26.49 | 0 | 13.86 | 0 | 4.19 | -16.66 | 16.66 | 0 | 11.55 | 0 | 11.89 | 0 | 9.22 | 0 | 0.80 | 15.94 | 22.28 | 84.74 | 29.61 | 2.35 | 83.03 | -13.36 | 16.67 | 200.0 | 0.00 | 0 | 30.90 | -18.96 |
