- 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) | 0.64 | 48.84 | -49.21 | 48.11 | 3.15 | 0.44 | 34.46 | 6.65 | 7.86 | 25.22 | 10.42 | 4.86 | 26.10 | 40.32 | -48.72 | 2.27 | 47.4 | -50.44 | 1.14 | 32.56 | -35.96 | 0.03 | 0.0 | 0.0 | 59.71 | 2.7 | 5.81 | 159.26 | 2.79 | -17.8 | 136.73 | -3.19 | 2.97 | -36.73 | 10.94 | -12.04 | 18.13 | -5.08 | -11.65 |
| 24Q2 (19) | 0.43 | -6.52 | -34.85 | 46.64 | -3.85 | -17.29 | 32.31 | -5.08 | -21.16 | 22.84 | -5.85 | -39.88 | 18.60 | -4.22 | -35.21 | 1.54 | -0.65 | -36.89 | 0.86 | 0.0 | -14.85 | 0.03 | 0.0 | 0.0 | 58.14 | -3.1 | -3.1 | 154.93 | -0.57 | -18.42 | 141.24 | 0.52 | 30.83 | -41.24 | -1.79 | -418.41 | 19.10 | -0.93 | -11.7 |
| 24Q1 (18) | 0.46 | 70.37 | -45.24 | 48.51 | 34.97 | -16.84 | 34.04 | 95.41 | -19.91 | 24.26 | 186.42 | -34.98 | 19.42 | 80.99 | -41.82 | 1.55 | 70.33 | -45.23 | 0.86 | 43.33 | -25.86 | 0.03 | 0.0 | 0.0 | 60.00 | 33.51 | 3.16 | 155.82 | 2.35 | -10.22 | 140.51 | -31.81 | 23.19 | -40.51 | 61.8 | -188.09 | 19.28 | -39.28 | -14.39 |
| 23Q4 (17) | 0.27 | -78.57 | -77.5 | 35.94 | -24.97 | -31.2 | 17.42 | -45.48 | -47.62 | 8.47 | -64.78 | -72.34 | 10.73 | -78.92 | -72.82 | 0.91 | -80.13 | -76.9 | 0.60 | -66.29 | -61.78 | 0.03 | 0.0 | -25.0 | 44.94 | -20.36 | -5.67 | 152.24 | -21.42 | -11.51 | 206.06 | 55.19 | 90.21 | -106.06 | -223.57 | -1112.12 | 31.75 | 54.73 | 0.35 |
| 23Q3 (16) | 1.26 | 90.91 | 35.48 | 47.90 | -15.06 | -21.67 | 31.95 | -22.04 | -30.92 | 24.05 | -36.69 | -43.01 | 50.90 | 77.29 | 54.43 | 4.58 | 87.7 | 33.14 | 1.78 | 76.24 | 28.06 | 0.03 | 0.0 | -25.0 | 56.43 | -5.95 | -4.53 | 193.75 | 2.02 | 10.78 | 132.78 | 22.99 | 21.14 | -32.78 | -312.06 | -241.09 | 20.52 | -5.13 | 0.1 |
| 23Q2 (15) | 0.66 | -21.43 | -44.07 | 56.39 | -3.33 | -12.34 | 40.98 | -3.58 | -18.12 | 37.99 | 1.82 | -23.22 | 28.71 | -13.99 | -29.2 | 2.44 | -13.78 | -44.16 | 1.01 | -12.93 | -43.58 | 0.03 | 0.0 | -25.0 | 60.00 | 3.16 | -8.31 | 189.91 | 9.43 | 11.14 | 107.95 | -5.35 | 6.63 | -7.95 | 43.43 | -542.73 | 21.63 | -3.95 | 15.67 |
| 23Q1 (14) | 0.84 | -30.0 | -18.45 | 58.33 | 11.66 | -9.86 | 42.50 | 27.78 | -15.08 | 37.31 | 21.85 | -19.78 | 33.38 | -15.45 | -10.0 | 2.83 | -28.17 | -28.72 | 1.16 | -26.11 | -30.95 | 0.03 | -25.0 | -25.0 | 58.16 | 22.08 | -6.57 | 173.55 | 0.88 | 13.25 | 114.06 | 5.29 | 6.16 | -14.06 | -60.71 | -82.33 | 22.52 | -28.82 | 21.73 |
| 22Q4 (13) | 1.20 | 29.03 | 53.85 | 52.24 | -14.57 | -7.83 | 33.26 | -28.09 | -13.77 | 30.62 | -27.44 | -14.28 | 39.48 | 19.78 | 39.16 | 3.94 | 14.53 | 23.51 | 1.57 | 12.95 | 11.35 | 0.04 | 0.0 | -20.0 | 47.64 | -19.4 | -6.22 | 172.04 | -1.64 | 8.98 | 108.33 | -1.16 | 0.4 | -8.75 | 8.95 | -10.71 | 31.64 | 54.34 | 10.09 |
| 22Q3 (12) | 0.93 | -21.19 | 47.62 | 61.15 | -4.94 | 2.86 | 46.25 | -7.59 | 8.59 | 42.20 | -14.71 | 10.85 | 32.96 | -18.72 | 8.85 | 3.44 | -21.28 | 30.8 | 1.39 | -22.35 | 11.2 | 0.04 | 0.0 | 0.0 | 59.11 | -9.67 | 1.98 | 174.90 | 2.36 | 26.19 | 109.61 | 8.27 | -1.82 | -9.61 | -676.46 | 20.38 | 20.50 | 9.63 | 6.72 |
| 22Q2 (11) | 1.18 | 14.56 | 114.55 | 64.33 | -0.59 | 9.55 | 50.05 | 0.0 | 23.73 | 49.48 | 6.39 | 38.02 | 40.55 | 9.33 | 45.03 | 4.37 | 10.08 | 94.22 | 1.79 | 6.55 | 57.02 | 0.04 | 0.0 | 0.0 | 65.44 | 5.12 | 14.47 | 170.87 | 11.5 | 27.83 | 101.24 | -5.78 | -10.26 | -1.24 | 83.95 | 90.34 | 18.70 | 1.08 | -8.24 |
| 22Q1 (10) | 1.03 | 32.05 | 94.34 | 64.71 | 14.17 | 9.4 | 50.05 | 29.76 | 21.3 | 46.51 | 30.21 | 28.3 | 37.09 | 30.74 | 27.85 | 3.97 | 24.45 | 78.83 | 1.68 | 19.15 | 43.59 | 0.04 | -20.0 | 0.0 | 62.25 | 22.54 | 6.52 | 153.25 | -2.93 | 29.41 | 107.45 | -0.42 | -5.62 | -7.71 | 2.42 | 44.3 | 18.50 | -35.63 | -8.78 |
| 21Q4 (9) | 0.78 | 23.81 | -3.7 | 56.68 | -4.66 | 6.8 | 38.57 | -9.44 | 20.76 | 35.72 | -6.17 | 29.37 | 28.37 | -6.31 | -36.36 | 3.19 | 21.29 | -9.63 | 1.41 | 12.8 | -22.53 | 0.05 | 25.0 | 25.0 | 50.80 | -12.35 | 1.03 | 157.87 | 13.9 | 36.41 | 107.90 | -3.34 | -6.53 | -7.90 | 34.51 | 48.8 | 28.74 | 49.61 | 5.47 |
| 21Q3 (8) | 0.63 | 14.55 | 26.0 | 59.45 | 1.24 | 4.76 | 42.59 | 5.29 | 12.7 | 38.07 | 6.19 | 7.18 | 30.28 | 8.3 | 4.23 | 2.63 | 16.89 | 24.06 | 1.25 | 9.65 | 8.7 | 0.04 | 0.0 | 33.33 | 57.96 | 1.38 | 0.64 | 138.60 | 3.69 | 27.72 | 111.64 | -1.04 | 4.89 | -12.07 | 5.77 | -87.62 | 19.21 | -5.74 | -7.64 |
| 21Q2 (7) | 0.55 | 3.77 | 57.14 | 58.72 | -0.73 | 3.98 | 40.45 | -1.96 | 7.9 | 35.85 | -1.1 | 10.04 | 27.96 | -3.62 | 20.36 | 2.25 | 1.35 | 38.89 | 1.14 | -2.56 | 21.28 | 0.04 | 0.0 | 33.33 | 57.17 | -2.17 | 2.51 | 133.67 | 12.88 | 22.79 | 112.81 | -0.91 | -1.62 | -12.81 | 7.5 | 16.47 | 20.38 | 0.49 | -3.73 |
| 21Q1 (6) | 0.53 | -34.57 | 51.43 | 59.15 | 11.46 | 7.21 | 41.26 | 29.18 | 18.26 | 36.25 | 31.29 | 22.09 | 29.01 | -34.93 | 22.41 | 2.22 | -37.11 | 44.16 | 1.17 | -35.71 | 28.57 | 0.04 | 0.0 | 33.33 | 58.44 | 16.23 | 7.13 | 118.42 | 2.32 | 17.57 | 113.85 | -1.38 | -3.61 | -13.85 | 10.3 | 20.07 | 20.28 | -25.58 | -9.79 |
| 20Q4 (5) | 0.81 | 62.0 | 153.13 | 53.07 | -6.48 | 15.52 | 31.94 | -15.48 | 34.54 | 27.61 | -22.27 | 49.4 | 44.58 | 53.46 | 176.38 | 3.53 | 66.51 | 184.68 | 1.82 | 58.26 | 142.67 | 0.04 | 33.33 | 0.0 | 50.28 | -12.69 | 19.32 | 115.73 | 6.64 | 11.08 | 115.44 | 8.46 | -9.98 | -15.44 | -139.96 | 45.33 | 27.25 | 31.01 | -7.38 |
| 20Q3 (4) | 0.50 | 42.86 | 0.0 | 56.75 | 0.5 | 0.0 | 37.79 | 0.8 | 0.0 | 35.52 | 9.02 | 0.0 | 29.05 | 25.05 | 0.0 | 2.12 | 30.86 | 0.0 | 1.15 | 22.34 | 0.0 | 0.03 | 0.0 | 0.0 | 57.59 | 3.26 | 0.0 | 108.52 | -0.31 | 0.0 | 106.43 | -7.18 | 0.0 | -6.43 | 58.05 | 0.0 | 20.80 | -1.75 | 0.0 |
| 20Q2 (3) | 0.35 | 0.0 | 0.0 | 56.47 | 2.36 | 0.0 | 37.49 | 7.45 | 0.0 | 32.58 | 9.73 | 0.0 | 23.23 | -1.98 | 0.0 | 1.62 | 5.19 | 0.0 | 0.94 | 3.3 | 0.0 | 0.03 | 0.0 | 0.0 | 55.77 | 2.24 | 0.0 | 108.86 | 8.08 | 0.0 | 114.67 | -2.92 | 0.0 | -15.33 | 11.48 | 0.0 | 21.17 | -5.83 | 0.0 |
| 20Q1 (2) | 0.35 | 9.37 | 0.0 | 55.17 | 20.09 | 0.0 | 34.89 | 46.97 | 0.0 | 29.69 | 60.66 | 0.0 | 23.70 | 46.93 | 0.0 | 1.54 | 24.19 | 0.0 | 0.91 | 21.33 | 0.0 | 0.03 | -25.0 | 0.0 | 54.55 | 29.45 | 0.0 | 100.72 | -3.33 | 0.0 | 118.11 | -7.9 | 0.0 | -17.32 | 38.65 | 0.0 | 22.48 | -23.59 | 0.0 |
| 19Q4 (1) | 0.32 | 0.0 | 0.0 | 45.94 | 0.0 | 0.0 | 23.74 | 0.0 | 0.0 | 18.48 | 0.0 | 0.0 | 16.13 | 0.0 | 0.0 | 1.24 | 0.0 | 0.0 | 0.75 | 0.0 | 0.0 | 0.04 | 0.0 | 0.0 | 42.14 | 0.0 | 0.0 | 104.19 | 0.0 | 0.0 | 128.24 | 0.0 | 0.0 | -28.24 | 0.0 | 0.0 | 29.42 | 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) | 2.91 | -31.85 | 49.18 | -18.95 | 32.70 | -27.33 | 20.32 | 66.6 | 26.33 | -37.77 | 30.68 | -18.27 | 9.93 | -36.43 | 4.56 | -28.64 | 0.12 | -25.0 | 54.61 | -6.98 | 152.24 | -11.51 | 124.15 | 16.73 | -24.15 | 0 | 0.06 | -19.5 | 24.27 | 9.03 |
| 2022 (9) | 4.27 | 72.18 | 60.68 | 4.03 | 45.00 | 11.03 | 12.20 | -15.97 | 42.31 | 16.14 | 37.54 | 29.99 | 15.62 | 53.29 | 6.39 | 32.57 | 0.16 | 6.67 | 58.71 | 5.56 | 172.04 | 8.98 | 106.36 | -4.44 | -6.36 | 0 | 0.07 | 45.85 | 22.26 | -2.24 |
| 2021 (8) | 2.48 | 23.38 | 58.33 | 5.5 | 40.53 | 14.43 | 14.52 | -17.11 | 36.43 | 16.5 | 28.88 | -6.33 | 10.19 | 17.13 | 4.82 | 2.34 | 0.15 | 15.38 | 55.62 | 2.19 | 157.87 | 36.41 | 111.29 | -1.88 | -11.29 | 0 | 0.05 | 1.4 | 22.77 | -1.39 |
| 2020 (7) | 2.01 | -33.88 | 55.29 | -9.82 | 35.42 | -18.76 | 17.51 | 26.84 | 31.27 | -20.86 | 30.83 | -1.38 | 8.70 | -31.44 | 4.71 | -38.83 | 0.13 | -40.91 | 54.43 | -6.86 | 115.73 | 11.08 | 113.42 | 2.78 | -13.26 | 0 | 0.05 | -10.63 | 23.09 | 11.65 |
| 2019 (6) | 3.04 | 133.85 | 61.31 | 19.72 | 43.60 | 62.44 | 13.81 | 11.12 | 39.51 | 66.29 | 31.26 | 88.2 | 12.69 | 102.72 | 7.70 | 75.4 | 0.22 | -8.33 | 58.44 | 49.88 | 104.19 | 81.93 | 110.36 | -2.23 | -10.36 | 0 | 0.05 | 90.43 | 20.68 | -14.72 |
| 2018 (5) | 1.30 | -17.72 | 51.21 | 7.16 | 26.84 | 23.74 | 12.43 | -10.97 | 23.76 | 21.47 | 16.61 | -26.73 | 6.26 | -21.16 | 4.39 | -18.1 | 0.24 | 14.29 | 38.99 | 5.12 | 57.27 | -1.65 | 112.87 | 1.65 | -12.87 | 0 | 0.03 | 0 | 24.25 | -1.7 |
| 2017 (4) | 1.58 | 44.95 | 47.79 | 2.05 | 21.69 | 6.95 | 13.96 | -9.41 | 19.56 | 12.74 | 22.67 | 30.74 | 7.94 | 36.66 | 5.36 | 37.44 | 0.21 | 10.53 | 37.09 | -0.59 | 58.23 | -15.55 | 111.03 | -5.06 | -10.69 | 0 | 0.00 | 0 | 24.67 | -2.57 |
| 2016 (3) | 1.09 | 12.37 | 46.83 | 1.98 | 20.28 | 6.01 | 15.41 | -1.48 | 17.35 | 9.67 | 17.34 | 9.61 | 5.81 | 8.6 | 3.90 | 10.48 | 0.19 | 5.56 | 37.31 | 1.8 | 68.95 | -17.86 | 116.96 | -3.34 | -16.96 | 0 | 0.00 | 0 | 25.32 | -1.13 |
| 2015 (2) | 0.97 | -27.07 | 45.92 | -10.7 | 19.13 | -24.24 | 15.64 | 15.2 | 15.82 | -29.94 | 15.82 | -27.86 | 5.35 | -32.96 | 3.53 | -27.22 | 0.18 | -5.26 | 36.65 | -11.37 | 83.94 | -7.94 | 121.00 | 8.01 | -21.00 | 0 | 0.00 | 0 | 25.61 | 3.47 |
| 2014 (1) | 1.33 | 23.15 | 51.42 | 0 | 25.25 | 0 | 13.58 | -7.01 | 22.58 | 0 | 21.93 | 0 | 7.98 | 0 | 4.85 | 0 | 0.19 | 0.0 | 41.35 | 3.89 | 91.18 | -4.13 | 112.03 | -5.79 | -11.68 | 0 | 0.00 | 0 | 24.75 | -1.08 |
