- 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) | 0.52 | -27.78 | -56.3 | 16.61 | -7.36 | -23.42 | 1.01 | 152.5 | -77.8 | 1.97 | -36.25 | -60.91 | 1.84 | -24.9 | -54.57 | 0.75 | -20.21 | -54.82 | 0.49 | -15.52 | -45.56 | 0.18 | 0.0 | -5.26 | 6.35 | -15.22 | -32.23 | 125.52 | 10.84 | 6.27 | 51.43 | 296.0 | -43.03 | 49.05 | -43.63 | 403.94 | 15.91 | -10.62 | -10.16 |
| 24Q2 (19) | 0.72 | 94.59 | -31.43 | 17.93 | 1.82 | -14.29 | 0.40 | 229.03 | -80.1 | 3.09 | 276.83 | -37.32 | 2.45 | 1631.25 | -35.53 | 0.94 | 1666.67 | -37.33 | 0.58 | 544.44 | -35.56 | 0.18 | 12.5 | -5.26 | 7.49 | 35.44 | -26.35 | 113.24 | -4.58 | 2.48 | 12.99 | 134.79 | -68.2 | 87.01 | -36.64 | 47.09 | 17.80 | -2.47 | -14.46 |
| 24Q1 (18) | 0.37 | -43.94 | -43.08 | 17.61 | -12.86 | 5.13 | -0.31 | -115.35 | -146.27 | 0.82 | -73.8 | -71.92 | -0.16 | -107.14 | -107.92 | -0.06 | -106.98 | -107.69 | 0.09 | -82.69 | -84.75 | 0.16 | -11.11 | -11.11 | 5.53 | -27.81 | -35.09 | 118.68 | 1.61 | 6.59 | -37.33 | -157.68 | -263.33 | 137.33 | 289.32 | 78.02 | 18.25 | -0.44 | -4.8 |
| 23Q4 (17) | 0.66 | -44.54 | -30.53 | 20.21 | -6.82 | 2.48 | 2.02 | -55.6 | -38.79 | 3.13 | -37.9 | -26.7 | 2.24 | -44.69 | -25.08 | 0.86 | -48.19 | -35.82 | 0.52 | -42.22 | -35.0 | 0.18 | -5.26 | -10.0 | 7.66 | -18.25 | -15.73 | 116.80 | -1.11 | -4.82 | 64.72 | -28.3 | -16.1 | 35.28 | 262.43 | 54.37 | 18.33 | 3.5 | -9.12 |
| 23Q3 (16) | 1.19 | 13.33 | -33.15 | 21.69 | 3.68 | 4.08 | 4.55 | 126.37 | -24.04 | 5.04 | 2.23 | -34.63 | 4.05 | 6.58 | -30.05 | 1.66 | 10.67 | -45.93 | 0.90 | 0.0 | -38.78 | 0.19 | 0.0 | -13.64 | 9.37 | -7.87 | -20.12 | 118.11 | 6.89 | -8.53 | 90.27 | 121.01 | 16.04 | 9.73 | -83.55 | -56.38 | 17.71 | -14.9 | 0.57 |
| 23Q2 (15) | 1.05 | 61.54 | -49.28 | 20.92 | 24.9 | 3.26 | 2.01 | 200.0 | -63.12 | 4.93 | 68.84 | -41.45 | 3.80 | 88.12 | -43.2 | 1.50 | 92.31 | -57.39 | 0.90 | 52.54 | -40.0 | 0.19 | 5.56 | -9.52 | 10.17 | 19.37 | -15.67 | 110.50 | -0.75 | -25.03 | 40.84 | 78.68 | -36.92 | 59.16 | -23.31 | 67.35 | 20.81 | 8.56 | 16.19 |
| 23Q1 (14) | 0.65 | -31.58 | -46.72 | 16.75 | -15.06 | 9.19 | 0.67 | -79.7 | -72.87 | 2.92 | -31.62 | -40.29 | 2.02 | -32.44 | -45.99 | 0.78 | -41.79 | -61.76 | 0.59 | -26.25 | -32.18 | 0.18 | -10.0 | -14.29 | 8.52 | -6.27 | 4.67 | 111.34 | -9.27 | -27.95 | 22.86 | -70.37 | -54.71 | 77.14 | 237.59 | 55.74 | 19.17 | -4.96 | 14.72 |
| 22Q4 (13) | 0.95 | -46.63 | -28.57 | 19.72 | -5.37 | 15.46 | 3.30 | -44.91 | -12.0 | 4.27 | -44.62 | -13.74 | 2.99 | -48.36 | -15.54 | 1.34 | -56.35 | -40.97 | 0.80 | -45.58 | -15.79 | 0.20 | -9.09 | -20.0 | 9.09 | -22.51 | 18.82 | 122.71 | -4.96 | -20.23 | 77.15 | -0.82 | 1.96 | 22.85 | 2.42 | -6.08 | 20.17 | 14.54 | 27.74 |
| 22Q3 (12) | 1.78 | -14.01 | 21.92 | 20.84 | 2.86 | 15.97 | 5.99 | 9.91 | 26.91 | 7.71 | -8.43 | 18.43 | 5.79 | -13.45 | 28.38 | 3.07 | -12.78 | 16.73 | 1.47 | -2.0 | 31.25 | 0.22 | 4.76 | -4.35 | 11.73 | -2.74 | 22.83 | 129.12 | -12.4 | -16.61 | 77.79 | 20.15 | 7.21 | 22.31 | -36.88 | -18.7 | 17.61 | -1.68 | 8.97 |
| 22Q2 (11) | 2.07 | 69.67 | 47.86 | 20.26 | 32.07 | 9.87 | 5.45 | 120.65 | 64.65 | 8.42 | 72.19 | 38.94 | 6.69 | 78.88 | 41.14 | 3.52 | 72.55 | 38.58 | 1.50 | 72.41 | 31.58 | 0.21 | 0.0 | -8.7 | 12.06 | 48.16 | 26.81 | 147.40 | -4.62 | 4.46 | 64.74 | 28.29 | 18.42 | 35.35 | -28.63 | -22.01 | 17.91 | 7.18 | -4.63 |
| 22Q1 (10) | 1.22 | -8.27 | 31.18 | 15.34 | -10.19 | -7.2 | 2.47 | -34.13 | 216.67 | 4.89 | -1.21 | 1.66 | 3.74 | 5.65 | 3.03 | 2.04 | -10.13 | 30.77 | 0.87 | -8.42 | 8.75 | 0.21 | -16.0 | 0.0 | 8.14 | 6.41 | -5.57 | 154.54 | 0.46 | 20.34 | 50.47 | -33.3 | 211.86 | 49.53 | 103.57 | -40.9 | 16.71 | 5.83 | -14.7 |
| 21Q4 (9) | 1.33 | -8.9 | 38.54 | 17.08 | -4.95 | -2.4 | 3.75 | -20.55 | 107.18 | 4.95 | -23.96 | 16.2 | 3.54 | -21.51 | 8.26 | 2.27 | -13.69 | 47.4 | 0.95 | -15.18 | 13.1 | 0.25 | 8.7 | 4.17 | 7.65 | -19.9 | 1.19 | 153.83 | -0.65 | 71.76 | 75.67 | 4.29 | 78.26 | 24.33 | -11.34 | -57.72 | 15.79 | -2.29 | -13.72 |
| 21Q3 (8) | 1.46 | 4.29 | 8.15 | 17.97 | -2.55 | 1.93 | 4.72 | 42.6 | 58.92 | 6.51 | 7.43 | 9.05 | 4.51 | -4.85 | -2.59 | 2.63 | 3.54 | 10.5 | 1.12 | -1.75 | -10.4 | 0.23 | 0.0 | -11.54 | 9.55 | 0.42 | 4.71 | 154.84 | 9.73 | 55.48 | 72.56 | 32.71 | 46.14 | 27.44 | -39.45 | -45.49 | 16.16 | -13.95 | -6.26 |
| 21Q2 (7) | 1.40 | 50.54 | 10.24 | 18.44 | 11.55 | -0.27 | 3.31 | 324.36 | 9.97 | 6.06 | 25.99 | 2.02 | 4.74 | 30.58 | -4.05 | 2.54 | 62.82 | 9.01 | 1.14 | 42.5 | -8.06 | 0.23 | 9.52 | 0.0 | 9.51 | 10.32 | -0.83 | 141.11 | 9.88 | 39.85 | 54.67 | 237.86 | 7.98 | 45.33 | -45.92 | -8.19 | 18.78 | -4.13 | 5.27 |
| 21Q1 (6) | 0.93 | -3.12 | 9200.0 | 16.53 | -5.54 | 4.49 | 0.78 | -56.91 | 134.51 | 4.81 | 12.91 | 48000.0 | 3.63 | 11.01 | 618.57 | 1.56 | 1.3 | 724.0 | 0.80 | -4.76 | 3900.0 | 0.21 | -12.5 | 16.67 | 8.62 | 14.02 | 65.77 | 128.42 | 43.39 | 25.75 | 16.18 | -61.88 | 100.09 | 83.82 | 45.64 | -99.56 | 19.59 | 7.05 | -6.4 |
| 20Q4 (5) | 0.96 | -28.89 | 6.67 | 17.50 | -0.74 | -4.11 | 1.81 | -39.06 | -41.61 | 4.26 | -28.64 | 10.94 | 3.27 | -29.37 | 19.78 | 1.54 | -35.29 | 1.32 | 0.84 | -32.8 | -1.18 | 0.24 | -7.69 | -7.69 | 7.56 | -17.11 | 3.14 | 89.56 | -10.07 | -18.15 | 42.45 | -14.5 | -47.38 | 57.55 | 14.3 | 200.94 | 18.30 | 6.15 | 11.72 |
| 20Q3 (4) | 1.35 | 6.3 | 0.0 | 17.63 | -4.65 | 0.0 | 2.97 | -1.33 | 0.0 | 5.97 | 0.51 | 0.0 | 4.63 | -6.28 | 0.0 | 2.38 | 2.15 | 0.0 | 1.25 | 0.81 | 0.0 | 0.26 | 13.04 | 0.0 | 9.12 | -4.9 | 0.0 | 99.59 | -1.3 | 0.0 | 49.65 | -1.94 | 0.0 | 50.35 | 1.99 | 0.0 | 17.24 | -3.36 | 0.0 |
| 20Q2 (3) | 1.27 | 12600.0 | 0.0 | 18.49 | 16.88 | 0.0 | 3.01 | 233.19 | 0.0 | 5.94 | 59300.0 | 0.0 | 4.94 | 805.71 | 0.0 | 2.33 | 1032.0 | 0.0 | 1.24 | 6100.0 | 0.0 | 0.23 | 27.78 | 0.0 | 9.59 | 84.42 | 0.0 | 100.90 | -1.19 | 0.0 | 50.63 | 100.27 | 0.0 | 49.37 | -99.74 | 0.0 | 17.84 | -14.76 | 0.0 |
| 20Q1 (2) | 0.01 | -98.89 | 0.0 | 15.82 | -13.32 | 0.0 | -2.26 | -172.9 | 0.0 | 0.01 | -99.74 | 0.0 | -0.70 | -125.64 | 0.0 | -0.25 | -116.45 | 0.0 | 0.02 | -97.65 | 0.0 | 0.18 | -30.77 | 0.0 | 5.20 | -29.06 | 0.0 | 102.12 | -6.67 | 0.0 | -18900.00 | -23526.67 | 0.0 | 19100.00 | 99777.08 | 0.0 | 20.93 | 27.78 | 0.0 |
| 19Q4 (1) | 0.90 | 0.0 | 0.0 | 18.25 | 0.0 | 0.0 | 3.10 | 0.0 | 0.0 | 3.84 | 0.0 | 0.0 | 2.73 | 0.0 | 0.0 | 1.52 | 0.0 | 0.0 | 0.85 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 7.33 | 0.0 | 0.0 | 109.42 | 0.0 | 0.0 | 80.68 | 0.0 | 0.0 | 19.12 | 0.0 | 0.0 | 16.38 | 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) | 3.56 | -40.96 | 19.93 | 4.95 | 2.36 | -45.37 | 3.55 | 21.64 | 4.02 | -36.89 | 3.04 | -37.32 | 4.74 | -51.58 | 2.79 | -40.0 | 0.71 | -16.47 | 8.93 | -13.05 | 116.80 | -4.82 | 58.63 | -13.52 | 41.44 | 28.65 | 0.56 | -12.97 | 18.97 | 5.27 |
| 2022 (9) | 6.03 | 17.77 | 18.99 | 8.39 | 4.32 | 30.91 | 2.92 | 9.85 | 6.37 | 13.95 | 4.85 | 18.58 | 9.79 | 17.95 | 4.65 | 17.13 | 0.85 | -7.61 | 10.27 | 16.97 | 122.71 | -20.23 | 67.79 | 14.7 | 32.21 | -21.24 | 0.64 | 19.36 | 18.02 | 3.86 |
| 2021 (8) | 5.12 | 42.62 | 17.52 | 0.4 | 3.30 | 102.45 | 2.66 | -11.15 | 5.59 | 29.1 | 4.09 | 24.32 | 8.30 | 44.35 | 3.97 | 23.68 | 0.92 | 4.55 | 8.78 | 9.2 | 153.83 | 71.76 | 59.10 | 56.89 | 40.90 | -34.39 | 0.54 | -37.76 | 17.35 | -5.71 |
| 2020 (7) | 3.59 | 35.47 | 17.45 | -3.48 | 1.63 | -34.01 | 2.99 | 8.87 | 4.33 | 24.07 | 3.29 | 38.24 | 5.75 | 18.8 | 3.21 | 8.81 | 0.88 | -12.0 | 8.04 | 11.98 | 89.56 | -18.15 | 37.67 | -46.62 | 62.33 | 111.75 | 0.87 | 51.32 | 18.40 | 7.48 |
| 2019 (6) | 2.65 | -43.01 | 18.08 | -2.95 | 2.47 | -40.19 | 2.75 | 49.89 | 3.49 | -32.23 | 2.38 | -37.7 | 4.84 | -45.62 | 2.95 | -36.56 | 1.00 | -9.91 | 7.18 | -5.9 | 109.42 | 11.7 | 70.56 | -12.12 | 29.44 | 49.1 | 0.57 | 76.06 | 17.12 | 9.74 |
| 2018 (5) | 4.65 | 15.38 | 18.63 | 8.82 | 4.13 | 26.69 | 1.83 | -14.34 | 5.15 | 23.21 | 3.82 | 19.0 | 8.90 | 23.44 | 4.65 | 28.45 | 1.11 | 6.73 | 7.63 | 12.04 | 97.96 | -18.99 | 80.29 | 3.07 | 19.74 | -10.66 | 0.32 | 0 | 15.60 | -8.88 |
| 2017 (4) | 4.03 | 0.5 | 17.12 | 2.45 | 3.26 | -5.78 | 2.14 | -1.56 | 4.18 | -10.3 | 3.21 | 0.31 | 7.21 | -2.44 | 3.62 | -1.36 | 1.04 | -5.45 | 6.81 | -4.35 | 120.92 | 7.99 | 77.90 | 5.12 | 22.10 | -14.66 | 0.00 | 0 | 17.12 | 3.88 |
| 2016 (3) | 4.01 | 14.25 | 16.71 | 21.35 | 3.46 | 16.89 | 2.17 | -0.51 | 4.66 | 17.68 | 3.20 | 11.5 | 7.39 | -2.38 | 3.67 | -3.42 | 1.10 | -11.29 | 7.12 | 10.56 | 111.97 | 1.94 | 74.11 | -0.86 | 25.89 | 2.39 | 0.00 | 0 | 16.48 | 8.78 |
| 2015 (2) | 3.51 | -21.3 | 13.77 | -1.08 | 2.96 | -29.36 | 2.19 | 24.01 | 3.96 | -19.18 | 2.87 | -22.43 | 7.57 | -36.33 | 3.80 | -31.16 | 1.24 | -13.29 | 6.44 | -7.07 | 109.84 | -3.53 | 74.75 | -12.62 | 25.29 | 74.99 | 0.00 | 0 | 15.15 | 14.17 |
| 2014 (1) | 4.46 | 66.42 | 13.92 | 0 | 4.19 | 0 | 1.76 | -14.22 | 4.90 | 0 | 3.70 | 0 | 11.89 | 0 | 5.52 | 0 | 1.43 | 4.38 | 6.93 | 11.77 | 113.86 | -16.79 | 85.55 | -6.02 | 14.45 | 61.79 | 0.00 | 0 | 13.27 | 2.63 |
