- 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) | 0.06 | -94.34 | -86.96 | 13.98 | -12.02 | -4.44 | 4.31 | -25.69 | -20.92 | 0.95 | -91.25 | -87.63 | 0.47 | -94.48 | -86.65 | 0.22 | -94.29 | -86.67 | 0.26 | -88.24 | -74.76 | 0.25 | 4.17 | 0.0 | 5.20 | -66.47 | -57.72 | 79.99 | -5.86 | -5.1 | 446.15 | 737.3 | 532.05 | -346.15 | -840.99 | -1276.92 | 13.79 | -3.9 | 12.3 |
| 24Q2 (19) | 1.06 | 92.73 | 13.98 | 15.89 | 17.7 | 12.38 | 5.80 | 66.19 | 26.64 | 10.86 | 70.75 | 28.52 | 8.52 | 78.99 | 13.0 | 3.85 | 91.54 | 12.9 | 2.21 | 78.23 | 15.1 | 0.24 | 4.35 | 0.0 | 15.51 | 37.26 | 18.13 | 84.97 | -0.15 | -1.76 | 53.28 | -2.53 | -2.62 | 46.72 | 3.05 | 1.06 | 14.35 | -3.69 | 1.85 |
| 24Q1 (18) | 0.55 | 150.0 | 292.86 | 13.50 | -9.64 | 10.75 | 3.49 | -26.83 | 25.54 | 6.36 | 139.1 | 138.2 | 4.76 | 165.92 | 317.54 | 2.01 | 154.43 | 302.0 | 1.24 | 117.54 | 226.32 | 0.23 | -4.17 | -4.17 | 11.30 | 50.67 | 52.7 | 85.10 | 5.98 | -8.37 | 54.67 | -69.02 | -48.37 | 45.33 | 157.09 | 1641.33 | 14.90 | -1.39 | 9.0 |
| 23Q4 (17) | 0.22 | -52.17 | -15.38 | 14.94 | 2.12 | 15.55 | 4.77 | -12.48 | 13.57 | 2.66 | -65.36 | 9.02 | 1.79 | -49.15 | -5.29 | 0.79 | -52.12 | -5.95 | 0.57 | -44.66 | -3.39 | 0.24 | -4.0 | 0.0 | 7.50 | -39.02 | 9.33 | 80.30 | -4.73 | 3.57 | 176.47 | 150.0 | 3.45 | -79.41 | -370.0 | -12.5 | 15.11 | 23.05 | 22.85 |
| 23Q3 (16) | 0.46 | -50.54 | -54.9 | 14.63 | 3.47 | 5.86 | 5.45 | 19.0 | -2.15 | 7.68 | -9.11 | -7.02 | 3.52 | -53.32 | -45.6 | 1.65 | -51.61 | -51.9 | 1.03 | -46.35 | -44.62 | 0.25 | 4.17 | -7.41 | 12.30 | -6.32 | 2.84 | 84.29 | -2.54 | -3.1 | 70.59 | 29.01 | 5.49 | 29.41 | -36.37 | -9.03 | 12.28 | -12.85 | 5.77 |
| 23Q2 (15) | 0.93 | 564.29 | -44.97 | 14.14 | 16.0 | -22.22 | 4.58 | 64.75 | -56.13 | 8.45 | 216.48 | -35.5 | 7.54 | 561.4 | -26.37 | 3.41 | 582.0 | -42.5 | 1.92 | 405.26 | -36.0 | 0.24 | 0.0 | -14.29 | 13.13 | 77.43 | -20.86 | 86.49 | -6.87 | -19.69 | 54.72 | -48.32 | -31.6 | 46.23 | 1671.7 | 126.0 | 14.09 | 3.07 | 27.28 |
| 23Q1 (14) | 0.14 | -46.15 | -87.5 | 12.19 | -5.72 | -20.12 | 2.78 | -33.81 | -62.68 | 2.67 | 9.43 | -69.66 | 1.14 | -39.68 | -84.03 | 0.50 | -40.48 | -87.08 | 0.38 | -35.59 | -81.99 | 0.24 | 0.0 | -14.29 | 7.40 | 7.87 | -40.42 | 92.87 | 19.79 | -7.32 | 105.88 | -37.93 | 25.46 | -2.94 | 95.83 | -118.85 | 13.67 | 11.14 | 18.46 |
| 22Q4 (13) | 0.26 | -74.51 | -74.76 | 12.93 | -6.44 | -27.93 | 4.20 | -24.6 | -50.35 | 2.44 | -70.46 | -69.54 | 1.89 | -70.79 | -69.37 | 0.84 | -75.51 | -74.7 | 0.59 | -68.28 | -68.62 | 0.24 | -11.11 | -17.24 | 6.86 | -42.64 | -40.71 | 77.53 | -10.87 | -5.68 | 170.59 | 154.92 | 60.7 | -70.59 | -318.33 | -1210.92 | 12.30 | 5.94 | -0.08 |
| 22Q3 (12) | 1.02 | -39.64 | -11.3 | 13.82 | -23.98 | -11.86 | 5.57 | -46.65 | -33.29 | 8.26 | -36.95 | -5.06 | 6.47 | -36.82 | -5.13 | 3.43 | -42.16 | -17.55 | 1.86 | -38.0 | -11.0 | 0.27 | -3.57 | -6.9 | 11.96 | -27.91 | -2.92 | 86.99 | -19.22 | 2.27 | 66.92 | -16.35 | -30.11 | 32.33 | 58.06 | 659.77 | 11.61 | 4.88 | 5.55 |
| 22Q2 (11) | 1.69 | 50.89 | 9.03 | 18.18 | 19.13 | -7.34 | 10.44 | 40.13 | -17.01 | 13.10 | 48.86 | 15.32 | 10.24 | 43.42 | 15.19 | 5.93 | 53.23 | -7.92 | 3.00 | 42.18 | 9.49 | 0.28 | 0.0 | -6.67 | 16.59 | 33.57 | 10.53 | 107.69 | 7.48 | -22.79 | 80.00 | -5.21 | -27.77 | 20.45 | 31.1 | 290.23 | 11.07 | -4.07 | 2.12 |
| 22Q1 (10) | 1.12 | 8.74 | -6.67 | 15.26 | -14.94 | -12.5 | 7.45 | -11.94 | -21.41 | 8.80 | 9.86 | -11.29 | 7.14 | 15.72 | -7.87 | 3.87 | 16.57 | -21.82 | 2.11 | 12.23 | -3.21 | 0.28 | -3.45 | 3.7 | 12.42 | 7.35 | -11.16 | 100.20 | 21.9 | -33.77 | 84.40 | -20.5 | -11.93 | 15.60 | 389.77 | 274.47 | 11.54 | -6.26 | -1.28 |
| 21Q4 (9) | 1.03 | -10.43 | 47.14 | 17.94 | 14.41 | 3.16 | 8.46 | 1.32 | -9.62 | 8.01 | -7.93 | 17.79 | 6.17 | -9.53 | 19.11 | 3.32 | -20.19 | 15.68 | 1.88 | -10.05 | 37.23 | 0.29 | 0.0 | 20.83 | 11.57 | -6.09 | 1.85 | 82.20 | -3.36 | -36.31 | 106.15 | 10.87 | -23.04 | -5.38 | -226.54 | 85.8 | 12.31 | 11.91 | -2.76 |
| 21Q3 (8) | 1.15 | -25.81 | 447.62 | 15.68 | -20.08 | 2.95 | 8.35 | -33.62 | 50.99 | 8.70 | -23.42 | 219.85 | 6.82 | -23.28 | 237.62 | 4.16 | -35.4 | 362.22 | 2.09 | -23.72 | 326.53 | 0.29 | -3.33 | 52.63 | 12.32 | -17.92 | 46.14 | 85.06 | -39.02 | -34.81 | 95.74 | -13.55 | -53.0 | 4.26 | 139.57 | 104.1 | 11.00 | 1.48 | -29.53 |
| 21Q2 (7) | 1.55 | 29.17 | 400.0 | 19.62 | 12.5 | 49.2 | 12.58 | 32.7 | 227.6 | 11.36 | 14.52 | 277.41 | 8.89 | 14.71 | 238.02 | 6.44 | 30.1 | 387.88 | 2.74 | 25.69 | 315.15 | 0.30 | 11.11 | 36.36 | 15.01 | 7.37 | 86.46 | 139.48 | -7.81 | 7.84 | 110.75 | 15.57 | -12.98 | -10.75 | -358.06 | 60.57 | 10.84 | -7.27 | -24.83 |
| 21Q1 (6) | 1.20 | 71.43 | 700.0 | 17.44 | 0.29 | 57.97 | 9.48 | 1.28 | 989.66 | 9.92 | 45.88 | 416.67 | 7.75 | 49.61 | 445.77 | 4.95 | 72.47 | 738.98 | 2.18 | 59.12 | 473.68 | 0.27 | 12.5 | 42.11 | 13.98 | 23.06 | 80.85 | 151.30 | 17.23 | 10.64 | 95.83 | -30.52 | 127.6 | 4.17 | 110.98 | -92.08 | 11.69 | -7.66 | -29.32 |
| 20Q4 (5) | 0.70 | 233.33 | 233.33 | 17.39 | 14.18 | 11.76 | 9.36 | 69.26 | 65.37 | 6.80 | 150.0 | 109.23 | 5.18 | 156.44 | 208.33 | 2.87 | 218.89 | 272.73 | 1.37 | 179.59 | 185.42 | 0.24 | 26.32 | 9.09 | 11.36 | 34.76 | 33.18 | 129.06 | -1.09 | 20.44 | 137.93 | -32.29 | -21.18 | -37.93 | 63.42 | 49.43 | 12.66 | -18.9 | 0 |
| 20Q3 (4) | 0.21 | -32.26 | 0.0 | 15.23 | 15.82 | 0.0 | 5.53 | 44.01 | 0.0 | 2.72 | -9.63 | 0.0 | 2.02 | -23.19 | 0.0 | 0.90 | -31.82 | 0.0 | 0.49 | -25.76 | 0.0 | 0.19 | -13.64 | 0.0 | 8.43 | 4.72 | 0.0 | 130.48 | 0.88 | 0.0 | 203.70 | 60.05 | 0.0 | -103.70 | -280.25 | 0.0 | 15.61 | 8.25 | 0.0 |
| 20Q2 (3) | 0.31 | 106.67 | 0.0 | 13.15 | 19.11 | 0.0 | 3.84 | 341.38 | 0.0 | 3.01 | 56.77 | 0.0 | 2.63 | 85.21 | 0.0 | 1.32 | 123.73 | 0.0 | 0.66 | 73.68 | 0.0 | 0.22 | 15.79 | 0.0 | 8.05 | 4.14 | 0.0 | 129.34 | -5.42 | 0.0 | 127.27 | 202.27 | 0.0 | -27.27 | -151.82 | 0.0 | 14.42 | -12.82 | 0.0 |
| 20Q1 (2) | 0.15 | -28.57 | 0.0 | 11.04 | -29.05 | 0.0 | 0.87 | -84.63 | 0.0 | 1.92 | -40.92 | 0.0 | 1.42 | -15.48 | 0.0 | 0.59 | -23.38 | 0.0 | 0.38 | -20.83 | 0.0 | 0.19 | -13.64 | 0.0 | 7.73 | -9.38 | 0.0 | 136.75 | 27.61 | 0.0 | 42.11 | -75.94 | 0.0 | 52.63 | 170.18 | 0.0 | 16.54 | 0 | 0.0 |
| 19Q4 (1) | 0.21 | 0.0 | 0.0 | 15.56 | 0.0 | 0.0 | 5.66 | 0.0 | 0.0 | 3.25 | 0.0 | 0.0 | 1.68 | 0.0 | 0.0 | 0.77 | 0.0 | 0.0 | 0.48 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 8.53 | 0.0 | 0.0 | 107.16 | 0.0 | 0.0 | 175.00 | 0.0 | 0.0 | -75.00 | 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) | 1.75 | -57.11 | 13.98 | -7.78 | 4.40 | -37.59 | 4.01 | 22.85 | 5.38 | -36.03 | 3.48 | -47.59 | 5.97 | -55.65 | 3.85 | -51.39 | 0.96 | -15.04 | 10.09 | -17.23 | 80.30 | 3.57 | 81.88 | -2.18 | 18.12 | 12.53 | 0.06 | 60.41 | 13.77 | 18.71 |
| 2022 (9) | 4.08 | -15.35 | 15.16 | -14.25 | 7.05 | -27.54 | 3.27 | 0.92 | 8.41 | -11.38 | 6.64 | -10.27 | 13.46 | -22.06 | 7.92 | -11.31 | 1.13 | -1.74 | 12.19 | -7.65 | 77.53 | -5.68 | 83.71 | -18.33 | 16.10 | 0 | 0.04 | -32.44 | 11.60 | 1.31 |
| 2021 (8) | 4.82 | 251.82 | 17.68 | 22.78 | 9.73 | 87.48 | 3.24 | -28.2 | 9.49 | 148.43 | 7.40 | 149.16 | 17.27 | 220.41 | 8.93 | 209.0 | 1.15 | 38.55 | 13.20 | 46.34 | 82.20 | -36.31 | 102.50 | -24.72 | -2.50 | 0 | 0.05 | -42.35 | 11.45 | -21.84 |
| 2020 (7) | 1.37 | -44.31 | 14.40 | -9.43 | 5.19 | -12.63 | 4.51 | -0.49 | 3.82 | -29.26 | 2.97 | -39.26 | 5.39 | -42.17 | 2.89 | -41.5 | 0.83 | -7.78 | 9.02 | -16.25 | 129.06 | 20.44 | 136.14 | 23.81 | -36.14 | 0 | 0.09 | -21.79 | 14.65 | -3.87 |
| 2019 (6) | 2.46 | -45.81 | 15.90 | -11.81 | 5.94 | -35.22 | 4.53 | 26.09 | 5.40 | -41.18 | 4.89 | -35.66 | 9.32 | -47.55 | 4.94 | -45.35 | 0.90 | -19.64 | 10.77 | -20.1 | 107.16 | -8.87 | 109.96 | 10.2 | -9.96 | 0 | 0.12 | -3.58 | 15.24 | 13.9 |
| 2018 (5) | 4.54 | 8.87 | 18.03 | -10.79 | 9.17 | -16.56 | 3.59 | -10.52 | 9.18 | -7.46 | 7.60 | -13.04 | 17.77 | -1.44 | 9.04 | -12.74 | 1.12 | 0.0 | 13.48 | -7.92 | 117.59 | 17.09 | 99.78 | -10.0 | 0.22 | 0 | 0.12 | 0 | 13.38 | -7.08 |
| 2017 (4) | 4.17 | 107.46 | 20.21 | 8.95 | 10.99 | 41.26 | 4.02 | -34.51 | 9.92 | 16.02 | 8.74 | 27.03 | 18.03 | 89.39 | 10.36 | 65.23 | 1.12 | 34.94 | 14.64 | -5.91 | 100.43 | 58.38 | 110.87 | 21.96 | -10.87 | 0 | 0.00 | 0 | 14.40 | 1.55 |
| 2016 (3) | 2.01 | -10.67 | 18.55 | 6.24 | 7.78 | -9.01 | 6.13 | 7.58 | 8.55 | -7.97 | 6.88 | -7.65 | 9.52 | -10.53 | 6.27 | -6.56 | 0.83 | 1.22 | 15.56 | -2.2 | 63.41 | -10.7 | 90.91 | -1.59 | 9.09 | 12.3 | 0.00 | 0 | 14.18 | 11.57 |
| 2015 (2) | 2.25 | -27.88 | 17.46 | -4.12 | 8.55 | -15.01 | 5.70 | 24.92 | 9.29 | -15.0 | 7.45 | -9.37 | 10.64 | -31.13 | 6.71 | -26.43 | 0.82 | -21.9 | 15.91 | -1.36 | 71.01 | -8.72 | 92.38 | 0.32 | 8.10 | 2.29 | 0.00 | 0 | 12.71 | 19.79 |
| 2014 (1) | 3.12 | 70.49 | 18.21 | 0 | 10.06 | 0 | 4.56 | 5.93 | 10.93 | 0 | 8.22 | 0 | 15.45 | 0 | 9.12 | 0 | 1.05 | -16.0 | 16.13 | 50.89 | 77.79 | -5.36 | 92.09 | -5.3 | 7.91 | 186.87 | 0.00 | 0 | 10.61 | 21.67 |
