- 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) | 0.58 | -21.62 | -19.44 | 41.36 | -2.54 | 0.27 | 5.81 | -32.75 | -28.71 | 6.05 | -30.78 | -24.94 | 5.43 | -19.67 | -23.52 | 1.76 | -22.47 | -22.12 | 1.03 | -17.6 | -20.77 | 0.16 | 0.0 | 0.0 | 14.01 | -12.98 | -9.96 | 99.26 | -3.2 | 8.1 | 96.34 | -2.05 | -4.57 | 3.66 | 346.34 | 484.15 | 25.84 | 2.34 | 6.78 |
| 24Q2 (19) | 0.74 | -15.91 | 4.23 | 42.44 | 1.24 | 1.77 | 8.64 | -8.57 | -10.93 | 8.74 | -13.21 | -17.08 | 6.76 | -17.26 | -2.17 | 2.27 | -16.85 | -2.58 | 1.25 | -14.97 | -2.34 | 0.16 | 0.0 | -5.88 | 16.10 | -5.46 | -5.57 | 102.54 | -4.64 | 5.39 | 98.36 | 4.41 | 7.65 | 0.82 | -87.43 | -89.64 | 25.25 | 5.65 | 6.5 |
| 24Q1 (18) | 0.88 | -10.2 | -10.2 | 41.92 | -1.36 | 2.34 | 9.45 | -10.68 | -14.86 | 10.07 | -8.87 | -9.77 | 8.17 | -12.99 | -10.61 | 2.73 | -9.0 | -15.22 | 1.47 | -15.03 | -15.03 | 0.16 | 0.0 | -11.11 | 17.03 | -8.44 | -2.8 | 107.53 | 9.68 | 4.99 | 94.20 | -1.79 | -5.18 | 6.52 | 59.78 | 897.83 | 23.90 | 1.27 | 9.13 |
| 23Q4 (17) | 0.98 | 36.11 | -12.5 | 42.50 | 3.03 | 11.81 | 10.58 | 29.82 | 52.67 | 11.05 | 37.1 | 15.83 | 9.39 | 32.25 | -11.75 | 3.00 | 32.74 | -17.13 | 1.73 | 33.08 | -9.9 | 0.16 | 0.0 | -5.88 | 18.60 | 19.54 | 12.8 | 98.04 | 6.77 | 1.22 | 95.92 | -4.99 | 32.02 | 4.08 | 528.57 | -85.07 | 23.60 | -2.48 | 5.36 |
| 23Q3 (16) | 0.72 | 1.41 | -67.86 | 41.25 | -1.08 | 2.97 | 8.15 | -15.98 | 11.64 | 8.06 | -23.53 | -68.07 | 7.10 | 2.75 | -67.02 | 2.26 | -3.0 | -70.95 | 1.30 | 1.56 | -65.88 | 0.16 | -5.88 | -5.88 | 15.56 | -8.74 | -54.98 | 91.82 | -5.63 | -13.69 | 100.95 | 10.49 | 248.65 | -0.95 | -112.03 | -101.34 | 24.20 | 2.07 | 0.29 |
| 23Q2 (15) | 0.71 | -27.55 | -33.64 | 41.70 | 1.81 | 3.42 | 9.70 | -12.61 | -13.78 | 10.54 | -5.56 | -8.35 | 6.91 | -24.4 | -21.57 | 2.33 | -27.64 | -40.71 | 1.28 | -26.01 | -34.02 | 0.17 | -5.56 | -19.05 | 17.05 | -2.68 | -7.29 | 97.30 | -5.0 | -15.43 | 91.37 | -8.03 | -7.06 | 7.91 | 1110.79 | 250.18 | 23.71 | 8.26 | 13.99 |
| 23Q1 (14) | 0.98 | -12.5 | 10.11 | 40.96 | 7.76 | 9.67 | 11.10 | 60.17 | 20.26 | 11.16 | 16.98 | 12.61 | 9.14 | -14.1 | 19.48 | 3.22 | -11.05 | -4.73 | 1.73 | -9.9 | 0.0 | 0.18 | 5.88 | -14.29 | 17.52 | 6.25 | 4.16 | 102.42 | 5.74 | -5.39 | 99.35 | 36.73 | 6.55 | 0.65 | -97.61 | -90.33 | 21.90 | -2.23 | 6.67 |
| 22Q4 (13) | 1.12 | -50.0 | 27.27 | 38.01 | -5.12 | -3.72 | 6.93 | -5.07 | -35.41 | 9.54 | -62.2 | -10.34 | 10.64 | -50.58 | 34.68 | 3.62 | -53.47 | 4.32 | 1.92 | -49.61 | 9.71 | 0.17 | 0.0 | -19.05 | 16.49 | -52.29 | -5.18 | 96.86 | -8.95 | -9.61 | 72.66 | 150.93 | -27.82 | 27.34 | -61.51 | 4228.91 | 22.40 | -7.17 | 1.82 |
| 22Q3 (12) | 2.24 | 109.35 | 366.67 | 40.06 | -0.64 | -1.45 | 7.30 | -35.11 | -0.41 | 25.24 | 119.48 | 277.28 | 21.53 | 144.38 | 299.44 | 7.78 | 97.96 | 305.21 | 3.81 | 96.39 | 273.53 | 0.17 | -19.05 | 0.0 | 34.56 | 87.93 | 129.48 | 106.38 | -7.54 | 0.35 | 28.96 | -70.55 | -73.49 | 71.04 | 3043.73 | 871.34 | 24.13 | 16.01 | 0.46 |
| 22Q2 (11) | 1.07 | 20.22 | 27.38 | 40.32 | 7.95 | 3.44 | 11.25 | 21.89 | 42.05 | 11.50 | 16.04 | -11.27 | 8.81 | 15.16 | 0.0 | 3.93 | 16.27 | 16.62 | 1.94 | 12.14 | 12.14 | 0.21 | 0.0 | 10.53 | 18.39 | 9.33 | -11.25 | 115.05 | 6.27 | 10.41 | 98.31 | 5.43 | 61.79 | 2.26 | -66.55 | -94.15 | 20.80 | 1.32 | -10.54 |
| 22Q1 (10) | 0.89 | 1.14 | 102.27 | 37.35 | -5.4 | -5.82 | 9.23 | -13.98 | 17.73 | 9.91 | -6.86 | 47.25 | 7.65 | -3.16 | 57.08 | 3.38 | -2.59 | 90.96 | 1.73 | -1.14 | 80.21 | 0.21 | 0.0 | 16.67 | 16.82 | -3.28 | 10.66 | 108.26 | 1.03 | 4.24 | 93.24 | -7.37 | -20.08 | 6.76 | 1120.27 | 140.54 | 20.53 | -6.68 | -15.48 |
| 21Q4 (9) | 0.88 | 83.33 | 46.67 | 39.48 | -2.88 | -1.42 | 10.73 | 46.38 | 78.83 | 10.64 | 59.04 | -14.26 | 7.90 | 46.57 | 19.88 | 3.47 | 80.73 | 43.39 | 1.75 | 71.57 | 35.66 | 0.21 | 23.53 | 16.67 | 17.39 | 15.47 | -17.62 | 107.16 | 1.08 | 1.02 | 100.66 | -7.83 | 108.62 | -0.66 | 92.81 | -101.28 | 22.00 | -8.41 | -7.6 |
| 21Q3 (8) | 0.48 | -42.86 | 23.08 | 40.65 | 4.28 | 3.46 | 7.33 | -7.45 | 99.18 | 6.69 | -48.38 | 25.99 | 5.39 | -38.82 | 12.53 | 1.92 | -43.03 | 21.52 | 1.02 | -41.04 | 14.61 | 0.17 | -10.53 | 6.25 | 15.06 | -27.32 | 0.8 | 106.01 | 1.74 | 4.57 | 109.21 | 79.74 | 58.07 | -9.21 | -123.86 | -129.8 | 24.02 | 3.31 | -2.99 |
| 21Q2 (7) | 0.84 | 90.91 | 566.67 | 38.98 | -1.71 | 19.57 | 7.92 | 1.02 | 142.47 | 12.96 | 92.57 | 248.62 | 8.81 | 80.9 | 377.92 | 3.37 | 90.4 | 595.59 | 1.73 | 80.21 | 852.17 | 0.19 | 5.56 | 72.73 | 20.72 | 36.32 | 289.47 | 104.20 | 0.33 | -0.18 | 60.76 | -47.92 | -71.68 | 38.61 | 331.65 | 133.71 | 23.25 | -4.28 | 0 |
| 21Q1 (6) | 0.44 | -26.67 | 22.22 | 39.66 | -0.97 | 7.25 | 7.84 | 30.67 | 19.51 | 6.73 | -45.77 | 47.59 | 4.87 | -26.1 | 42.4 | 1.77 | -26.86 | 35.11 | 0.96 | -25.58 | 21.52 | 0.18 | 0.0 | -5.26 | 15.20 | -28.0 | 25.62 | 103.86 | -2.09 | 11.98 | 116.67 | 141.79 | -19.13 | -16.67 | -132.21 | 62.35 | 24.29 | 2.02 | 13.93 |
| 20Q4 (5) | 0.60 | 53.85 | -11.76 | 40.05 | 1.93 | 10.39 | 6.00 | 63.04 | -26.56 | 12.41 | 133.71 | 56.49 | 6.59 | 37.58 | 11.32 | 2.42 | 53.16 | -3.97 | 1.29 | 44.94 | -5.84 | 0.18 | 12.5 | -14.29 | 21.11 | 41.3 | 43.12 | 106.08 | 4.64 | 4.19 | 48.25 | -30.16 | -52.95 | 51.75 | 67.42 | 1613.64 | 23.81 | -3.84 | 19.35 |
| 20Q3 (4) | 0.39 | 316.67 | 0.0 | 39.29 | 20.52 | 0.0 | 3.68 | 119.73 | 0.0 | 5.31 | 160.89 | 0.0 | 4.79 | 251.1 | 0.0 | 1.58 | 332.35 | 0.0 | 0.89 | 486.96 | 0.0 | 0.16 | 45.45 | 0.0 | 14.94 | 180.83 | 0.0 | 101.38 | -2.88 | 0.0 | 69.09 | -67.79 | 0.0 | 30.91 | 126.99 | 0.0 | 24.76 | 0 | 0.0 |
| 20Q2 (3) | -0.18 | -150.0 | 0.0 | 32.60 | -11.84 | 0.0 | -18.65 | -384.3 | 0.0 | -8.72 | -291.23 | 0.0 | -3.17 | -192.69 | 0.0 | -0.68 | -151.91 | 0.0 | -0.23 | -129.11 | 0.0 | 0.11 | -42.11 | 0.0 | 5.32 | -56.03 | 0.0 | 104.39 | 12.55 | 0.0 | 214.52 | 48.7 | 0.0 | -114.52 | -158.72 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.36 | -47.06 | 0.0 | 36.98 | 1.93 | 0.0 | 6.56 | -19.71 | 0.0 | 4.56 | -42.5 | 0.0 | 3.42 | -42.23 | 0.0 | 1.31 | -48.02 | 0.0 | 0.79 | -42.34 | 0.0 | 0.19 | -9.52 | 0.0 | 12.10 | -17.97 | 0.0 | 92.75 | -8.9 | 0.0 | 144.26 | 40.66 | 0.0 | -44.26 | -1194.67 | 0.0 | 21.32 | 6.87 | 0.0 |
| 19Q4 (1) | 0.68 | 0.0 | 0.0 | 36.28 | 0.0 | 0.0 | 8.17 | 0.0 | 0.0 | 7.93 | 0.0 | 0.0 | 5.92 | 0.0 | 0.0 | 2.52 | 0.0 | 0.0 | 1.37 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 14.75 | 0.0 | 0.0 | 101.81 | 0.0 | 0.0 | 102.56 | 0.0 | 0.0 | -3.42 | 0.0 | 0.0 | 19.95 | 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) | 3.40 | -36.09 | 41.60 | 6.83 | 9.90 | 12.63 | 3.44 | -15.0 | 10.22 | -26.1 | 8.15 | -31.51 | 10.66 | -43.06 | 5.96 | -38.75 | 0.66 | -15.38 | 17.20 | -19.25 | 98.04 | 1.22 | 96.87 | 52.36 | 3.13 | -91.4 | 19.35 | -10.44 | 23.34 | 6.67 |
| 2022 (9) | 5.32 | 101.52 | 38.94 | -1.84 | 8.79 | 2.45 | 4.05 | -11.75 | 13.83 | 47.28 | 11.90 | 73.98 | 18.72 | 79.14 | 9.73 | 80.86 | 0.78 | 5.41 | 21.30 | 24.13 | 96.86 | -9.61 | 63.58 | -30.39 | 36.42 | 320.67 | 21.61 | -10.9 | 21.88 | -6.13 |
| 2021 (8) | 2.64 | 127.59 | 39.67 | 5.39 | 8.58 | 487.67 | 4.59 | -18.25 | 9.39 | 101.94 | 6.84 | 94.87 | 10.45 | 132.74 | 5.38 | 103.02 | 0.74 | 17.46 | 17.16 | 21.62 | 107.16 | 1.02 | 91.34 | 190.23 | 8.66 | -87.37 | 24.25 | -11.24 | 23.31 | -7.61 |
| 2020 (7) | 1.16 | -57.97 | 37.64 | 6.0 | 1.46 | -80.4 | 5.61 | 42.51 | 4.65 | -34.14 | 3.51 | -37.21 | 4.49 | -56.07 | 2.65 | -53.59 | 0.63 | -31.52 | 14.11 | 2.69 | 106.08 | 4.19 | 31.47 | -70.21 | 68.53 | 0 | 27.32 | -3.33 | 25.23 | 26.4 |
| 2019 (6) | 2.76 | 666.67 | 35.51 | 9.84 | 7.45 | 35.21 | 3.94 | 184.62 | 7.06 | 312.87 | 5.59 | 816.39 | 10.22 | 563.64 | 5.71 | 353.17 | 0.92 | -18.58 | 13.74 | 150.27 | 101.81 | 5.74 | 105.63 | -67.24 | -5.63 | 0 | 28.26 | -10.63 | 19.96 | 8.18 |
| 2018 (5) | 0.36 | -93.1 | 32.33 | -24.16 | 5.51 | -59.69 | 1.38 | -70.83 | 1.71 | -94.27 | 0.61 | -97.75 | 1.54 | -93.72 | 1.26 | -88.12 | 1.13 | 197.37 | 5.49 | -84.72 | 96.28 | -43.85 | 322.41 | 605.1 | -222.41 | 0 | 31.62 | 0 | 18.45 | -23.19 |
| 2017 (4) | 5.22 | 24.29 | 42.63 | -11.89 | 13.67 | -44.5 | 4.74 | 9.71 | 29.83 | 23.06 | 27.14 | 38.33 | 24.52 | 18.68 | 10.61 | -0.66 | 0.38 | -28.3 | 35.94 | 21.42 | 171.48 | 63.27 | 45.73 | -55.05 | 54.27 | 0 | 0.00 | 0 | 24.02 | 2.34 |
| 2016 (3) | 4.20 | 13.51 | 48.38 | 11.37 | 24.63 | 33.79 | 4.33 | -9.27 | 24.24 | 11.81 | 19.62 | 11.16 | 20.66 | 11.14 | 10.68 | 10.67 | 0.53 | 1.92 | 29.60 | 6.63 | 105.03 | 9.46 | 101.72 | 19.98 | -1.72 | 0 | 0.00 | 0 | 23.47 | 3.16 |
| 2015 (2) | 3.70 | 20.13 | 43.44 | 3.11 | 18.41 | 1.1 | 4.77 | -7.79 | 21.68 | 15.26 | 17.65 | 16.96 | 18.59 | 13.42 | 9.65 | 4.1 | 0.52 | -11.86 | 27.76 | 10.38 | 95.95 | -11.65 | 84.78 | -12.46 | 14.98 | 375.14 | 0.00 | 0 | 22.75 | 2.48 |
| 2014 (1) | 3.08 | 27.8 | 42.13 | 0 | 18.21 | 0 | 5.17 | 3.75 | 18.81 | 0 | 15.09 | 0 | 16.39 | 0 | 9.27 | 0 | 0.59 | -14.49 | 25.15 | 14.21 | 108.60 | 78.18 | 96.85 | 0.42 | 3.15 | -11.43 | 0.00 | 0 | 22.20 | -2.55 |
