- 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) | 0.60 | -7.69 | 81.82 | 16.72 | -12.0 | 24.4 | 6.98 | -6.43 | 79.43 | 6.41 | -24.59 | 26.43 | 4.54 | -14.82 | 27.53 | 2.98 | -16.76 | 46.08 | 1.69 | -14.65 | 44.44 | 0.33 | -2.94 | 22.22 | 9.67 | -16.42 | 4.65 | 92.10 | -14.61 | -15.73 | 109.22 | 24.82 | 43.35 | -9.22 | -173.76 | -140.76 | 8.91 | -20.09 | -7.57 |
| 24Q2 (19) | 0.65 | 30.0 | 85.71 | 19.00 | 21.25 | 33.99 | 7.46 | 31.34 | 57.38 | 8.50 | 17.08 | 52.6 | 5.33 | 5.54 | 41.76 | 3.58 | 26.95 | 64.22 | 1.98 | 19.28 | 59.68 | 0.34 | 13.33 | 25.93 | 11.57 | 4.33 | 22.95 | 107.86 | 25.51 | -11.6 | 87.50 | 11.86 | 2.44 | 12.50 | -42.59 | -14.29 | 11.15 | 16.15 | 1.09 |
| 24Q1 (18) | 0.50 | 19.05 | 42.86 | 15.67 | 1.56 | -2.06 | 5.68 | -16.1 | -10.27 | 7.26 | 5.52 | 23.26 | 5.05 | -2.13 | 25.31 | 2.82 | 6.02 | 32.39 | 1.66 | 9.93 | 34.96 | 0.30 | 15.38 | 15.38 | 11.09 | -1.86 | 12.59 | 85.94 | -6.28 | -16.89 | 78.23 | -21.01 | -27.09 | 21.77 | 1021.37 | 398.62 | 9.60 | -26.94 | -4.38 |
| 23Q4 (17) | 0.42 | 27.27 | 180.0 | 15.43 | 14.81 | -7.66 | 6.77 | 74.04 | 14.36 | 6.88 | 35.7 | 180.82 | 5.16 | 44.94 | 224.53 | 2.66 | 30.39 | 202.27 | 1.51 | 29.06 | 151.67 | 0.26 | -3.7 | 4.0 | 11.30 | 22.29 | 79.94 | 91.70 | -16.09 | -14.99 | 99.03 | 29.98 | -58.99 | 1.94 | -91.42 | 101.37 | 13.14 | 36.31 | 7.7 |
| 23Q3 (16) | 0.33 | -5.71 | -71.05 | 13.44 | -5.22 | -22.8 | 3.89 | -17.93 | -53.25 | 5.07 | -8.98 | -53.74 | 3.56 | -5.32 | -56.05 | 2.04 | -6.42 | -68.95 | 1.17 | -5.65 | -57.76 | 0.27 | 0.0 | -15.62 | 9.24 | -1.81 | -32.41 | 109.29 | -10.43 | -19.78 | 76.19 | -10.8 | 0.52 | 22.62 | 55.1 | -6.56 | 9.64 | -12.6 | 11.7 |
| 23Q2 (15) | 0.35 | 0.0 | -70.34 | 14.18 | -11.38 | -26.49 | 4.74 | -25.12 | -57.72 | 5.57 | -5.43 | -51.48 | 3.76 | -6.7 | -53.69 | 2.18 | 2.35 | -73.7 | 1.24 | 0.81 | -62.08 | 0.27 | 3.85 | -28.95 | 9.41 | -4.47 | -31.36 | 122.02 | 18.01 | -28.84 | 85.42 | -20.39 | -12.36 | 14.58 | 300.0 | 558.33 | 11.03 | 9.86 | 42.88 |
| 23Q1 (14) | 0.35 | 133.33 | -38.6 | 16.00 | -4.25 | 0.31 | 6.33 | 6.93 | 33.26 | 5.89 | 140.41 | -4.23 | 4.03 | 153.46 | -8.82 | 2.13 | 142.05 | -46.35 | 1.23 | 105.0 | -26.35 | 0.26 | 4.0 | -23.53 | 9.85 | 56.85 | 13.22 | 103.40 | -4.14 | -36.37 | 107.29 | -55.57 | 38.5 | -7.29 | 94.85 | -132.36 | 10.04 | -17.7 | 26.45 |
| 22Q4 (13) | 0.15 | -86.84 | -65.91 | 16.71 | -4.02 | 2.52 | 5.92 | -28.85 | 61.31 | 2.45 | -77.65 | -46.85 | 1.59 | -80.37 | -55.08 | 0.88 | -86.61 | -72.06 | 0.60 | -78.34 | -53.49 | 0.25 | -21.88 | -19.35 | 6.28 | -54.06 | -16.49 | 107.87 | -20.82 | -33.68 | 241.46 | 218.58 | 205.18 | -141.46 | -684.41 | -815.18 | 12.20 | 41.37 | 8.64 |
| 22Q3 (12) | 1.14 | -3.39 | 192.31 | 17.41 | -9.75 | 16.38 | 8.32 | -25.78 | 60.0 | 10.96 | -4.53 | 128.81 | 8.10 | -0.25 | 135.47 | 6.57 | -20.75 | 99.09 | 2.77 | -15.29 | 114.73 | 0.32 | -15.79 | 0.0 | 13.67 | -0.29 | 85.99 | 136.23 | -20.55 | -35.05 | 75.79 | -22.24 | -30.27 | 24.21 | 992.74 | 378.37 | 8.63 | 11.79 | 1.29 |
| 22Q2 (11) | 1.18 | 107.02 | 110.71 | 19.29 | 20.94 | 47.36 | 11.21 | 136.0 | 98.06 | 11.48 | 86.67 | 100.0 | 8.12 | 83.71 | 87.96 | 8.29 | 108.82 | 94.6 | 3.27 | 95.81 | 89.02 | 0.38 | 11.76 | 2.7 | 13.71 | 57.59 | 71.16 | 171.47 | 5.52 | -7.82 | 97.47 | 25.82 | -0.79 | 2.22 | -90.17 | 26.27 | 7.72 | -2.77 | 2.52 |
| 22Q1 (10) | 0.57 | 29.55 | 83.87 | 15.95 | -2.15 | 23.36 | 4.75 | 29.43 | 5.79 | 6.15 | 33.41 | 41.71 | 4.42 | 24.86 | 52.41 | 3.97 | 26.03 | 62.04 | 1.67 | 29.46 | 46.49 | 0.34 | 9.68 | 0.0 | 8.70 | 15.69 | 24.82 | 162.50 | -0.09 | 6.8 | 77.46 | -2.09 | -25.63 | 22.54 | 13.93 | 640.85 | 7.94 | -29.3 | -12.75 |
| 21Q4 (9) | 0.44 | 12.82 | 37.5 | 16.30 | 8.96 | 11.64 | 3.67 | -29.42 | -19.87 | 4.61 | -3.76 | 2.9 | 3.54 | 2.91 | -10.83 | 3.15 | -4.55 | 13.72 | 1.29 | 0.0 | -1.53 | 0.31 | -3.13 | 3.33 | 7.52 | 2.31 | 1.76 | 162.64 | -22.46 | 14.79 | 79.12 | -27.21 | -22.18 | 19.78 | 327.47 | 1286.81 | 11.23 | 31.81 | -14.14 |
| 21Q3 (8) | 0.39 | -30.36 | 2.63 | 14.96 | 14.29 | -6.03 | 5.20 | -8.13 | -19.75 | 4.79 | -16.55 | -28.4 | 3.44 | -20.37 | -31.06 | 3.30 | -22.54 | -1.79 | 1.29 | -25.43 | -22.75 | 0.32 | -13.51 | 3.23 | 7.35 | -8.24 | -25.3 | 209.76 | 12.77 | 64.72 | 108.70 | 10.64 | 12.67 | -8.70 | -595.65 | -346.38 | 8.52 | 13.15 | -20.37 |
| 21Q2 (7) | 0.56 | 80.65 | 460.0 | 13.09 | 1.24 | -18.44 | 5.66 | 26.06 | 38.73 | 5.74 | 32.26 | 92.62 | 4.32 | 48.97 | 110.73 | 4.26 | 73.88 | 313.59 | 1.73 | 51.75 | 170.31 | 0.37 | 8.82 | 54.17 | 8.01 | 14.92 | 9.43 | 186.01 | 22.25 | 69.28 | 98.25 | -5.68 | -28.77 | 1.75 | 142.11 | 104.63 | 7.53 | -17.25 | 0 |
| 21Q1 (6) | 0.31 | -3.13 | 34.78 | 12.93 | -11.44 | -15.93 | 4.49 | -1.97 | -12.48 | 4.34 | -3.13 | -14.06 | 2.90 | -26.95 | -12.65 | 2.45 | -11.55 | 21.89 | 1.14 | -12.98 | 2.7 | 0.34 | 13.33 | 17.24 | 6.97 | -5.68 | -18.95 | 152.15 | 7.38 | 34.37 | 104.17 | 2.46 | 2.49 | -4.17 | -150.0 | -154.17 | 9.10 | -30.43 | 0 |
| 20Q4 (5) | 0.32 | -15.79 | 740.0 | 14.60 | -8.29 | -6.11 | 4.58 | -29.32 | 255.04 | 4.48 | -33.03 | 2535.29 | 3.97 | -20.44 | 863.46 | 2.77 | -17.56 | 1089.29 | 1.31 | -21.56 | 6450.0 | 0.30 | -3.23 | 11.11 | 7.39 | -24.9 | 82.47 | 141.69 | 11.27 | 34.29 | 101.67 | 5.39 | -86.44 | -1.67 | -147.22 | 99.74 | 13.08 | 22.24 | -7.95 |
| 20Q3 (4) | 0.38 | 280.0 | 0.0 | 15.92 | -0.81 | 0.0 | 6.48 | 58.82 | 0.0 | 6.69 | 124.5 | 0.0 | 4.99 | 143.41 | 0.0 | 3.36 | 226.21 | 0.0 | 1.67 | 160.94 | 0.0 | 0.31 | 29.17 | 0.0 | 9.84 | 34.43 | 0.0 | 127.34 | 15.89 | 0.0 | 96.47 | -30.06 | 0.0 | 3.53 | 109.3 | 0.0 | 10.70 | 0 | 0.0 |
| 20Q2 (3) | 0.10 | -56.52 | 0.0 | 16.05 | 4.36 | 0.0 | 4.08 | -20.47 | 0.0 | 2.98 | -40.99 | 0.0 | 2.05 | -38.25 | 0.0 | 1.03 | -48.76 | 0.0 | 0.64 | -42.34 | 0.0 | 0.24 | -17.24 | 0.0 | 7.32 | -14.88 | 0.0 | 109.88 | -2.96 | 0.0 | 137.93 | 35.71 | 0.0 | -37.93 | -2213.79 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.23 | 560.0 | 0.0 | 15.38 | -1.09 | 0.0 | 5.13 | 297.67 | 0.0 | 5.05 | 2870.59 | 0.0 | 3.32 | 738.46 | 0.0 | 2.01 | 817.86 | 0.0 | 1.11 | 5450.0 | 0.0 | 0.29 | 7.41 | 0.0 | 8.60 | 112.35 | 0.0 | 113.23 | 7.32 | 0.0 | 101.64 | -86.45 | 0.0 | -1.64 | 99.75 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.05 | 0.0 | 0.0 | 15.55 | 0.0 | 0.0 | 1.29 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | -0.52 | 0.0 | 0.0 | -0.28 | 0.0 | 0.0 | 0.02 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 4.05 | 0.0 | 0.0 | 105.51 | 0.0 | 0.0 | 750.00 | 0.0 | 0.0 | -650.00 | 0.0 | 0.0 | 14.21 | 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) | 1.46 | -51.97 | 14.73 | -15.73 | 5.39 | -31.34 | 2.88 | 53.17 | 5.82 | -29.96 | 4.10 | -31.21 | 8.95 | -54.31 | 5.32 | -42.17 | 1.09 | -22.7 | 9.91 | -10.32 | 91.70 | -14.99 | 92.61 | -1.89 | 7.39 | 31.93 | 2.83 | 10.22 | 10.92 | 23.53 |
| 2022 (9) | 3.04 | 80.95 | 17.48 | 21.64 | 7.85 | 64.57 | 1.88 | 6.72 | 8.31 | 69.94 | 5.96 | 66.48 | 19.59 | 60.18 | 9.20 | 67.27 | 1.41 | 4.44 | 11.05 | 47.73 | 107.87 | -33.68 | 94.40 | -2.97 | 5.60 | 129.6 | 2.57 | -3.03 | 8.84 | -2.86 |
| 2021 (8) | 1.68 | 63.11 | 14.37 | -6.93 | 4.77 | -6.84 | 1.76 | -27.77 | 4.89 | -0.41 | 3.58 | -2.98 | 12.23 | 37.42 | 5.50 | 21.15 | 1.35 | 25.0 | 7.48 | -9.77 | 162.64 | 14.79 | 97.29 | -6.68 | 2.44 | 0 | 2.65 | -31.65 | 9.10 | -23.27 |
| 2020 (7) | 1.03 | -2.83 | 15.44 | -3.86 | 5.12 | -8.08 | 2.44 | -7.01 | 4.91 | 2.08 | 3.69 | 4.53 | 8.90 | 4.46 | 4.54 | -6.97 | 1.08 | -8.47 | 8.29 | -2.13 | 141.69 | 34.29 | 104.26 | -9.87 | -4.26 | 0 | 3.88 | -16.85 | 11.86 | -0.5 |
| 2019 (6) | 1.06 | -24.82 | 16.06 | 5.52 | 5.57 | 1.64 | 2.63 | 18.77 | 4.81 | -20.23 | 3.53 | -23.59 | 8.52 | -29.06 | 4.88 | -23.99 | 1.18 | -3.28 | 8.47 | -9.12 | 105.51 | 3.26 | 115.68 | 27.46 | -15.68 | 0 | 4.66 | -4.09 | 11.92 | -0.5 |
| 2018 (5) | 1.41 | 53.26 | 15.22 | 15.22 | 5.48 | 22.32 | 2.21 | -20.58 | 6.03 | 29.96 | 4.62 | 32.76 | 12.01 | 38.05 | 6.42 | 33.47 | 1.22 | 7.02 | 9.32 | 11.62 | 102.18 | -18.46 | 90.76 | -6.45 | 9.24 | 165.35 | 4.86 | 0 | 11.98 | 0.17 |
| 2017 (4) | 0.92 | -8.0 | 13.21 | -0.68 | 4.48 | 4.67 | 2.78 | -14.82 | 4.64 | 12.9 | 3.48 | -0.29 | 8.70 | 0.69 | 4.81 | 0.63 | 1.14 | -0.87 | 8.35 | 1.33 | 125.32 | 11.68 | 97.01 | -7.0 | 3.48 | 0 | 0.00 | 0 | 11.96 | -7.36 |
| 2016 (3) | 1.00 | 0 | 13.30 | 45.04 | 4.28 | 943.9 | 3.27 | -1.11 | 4.11 | 0 | 3.49 | 0 | 8.64 | 0 | 4.78 | 0 | 1.15 | 3.6 | 8.24 | 152.76 | 112.21 | -4.0 | 104.32 | 0 | -4.32 | 0 | 0.00 | 0 | 12.91 | 8.67 |
| 2015 (2) | -0.26 | 0 | 9.17 | 11.56 | 0.41 | 583.33 | 3.31 | 21.6 | -1.12 | 0 | -1.46 | 0 | -3.68 | 0 | -0.69 | 0 | 1.11 | -3.48 | 3.26 | -5.51 | 116.88 | -12.58 | -35.56 | 0 | 135.56 | 17.07 | 0.00 | 0 | 11.88 | 8.49 |
| 2014 (1) | -0.18 | 0 | 8.22 | 0 | 0.06 | 0 | 2.72 | -9.51 | -0.46 | 0 | -0.93 | 0 | -2.39 | 0 | -0.04 | 0 | 1.15 | -2.54 | 3.45 | 86.49 | 133.70 | 17.2 | -10.53 | 0 | 115.79 | 119.52 | 0.00 | 0 | 10.95 | 6.41 |
