- 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) | 3.25 | 59.31 | 884.85 | 52.97 | 1.01 | 8.48 | 13.23 | 262.47 | 631.33 | 13.55 | 141.53 | 3126.19 | 10.76 | 34.5 | 2141.67 | 1.28 | 68.42 | 3100.0 | 1.18 | 68.57 | 2850.0 | 0.11 | 22.22 | 37.5 | 25.74 | 21.64 | 50.97 | 8.86 | 2.43 | -0.45 | 97.58 | 53.88 | 117.22 | 2.42 | -92.91 | -99.64 | 40.80 | -14.84 | -15.35 |
| 24Q2 (19) | 2.04 | 374.42 | 90.65 | 52.44 | 3.09 | 9.14 | 3.65 | 300.55 | 106.21 | 5.61 | 303.6 | 47.24 | 8.00 | 654.72 | 117.39 | 0.76 | 744.44 | 117.14 | 0.70 | 677.78 | 118.75 | 0.09 | 12.5 | 0.0 | 21.16 | 11.78 | 11.66 | 8.65 | 7.05 | -40.75 | 63.41 | 147.56 | 36.59 | 34.15 | -86.03 | -36.26 | 47.91 | -4.88 | 7.42 |
| 24Q1 (18) | 0.43 | -18.87 | 145.74 | 50.87 | 2.09 | 10.64 | -1.82 | -190.55 | 80.84 | 1.39 | 3.73 | 114.99 | 1.06 | -10.92 | 119.17 | 0.09 | -25.0 | 119.15 | 0.09 | -18.18 | 121.43 | 0.08 | -11.11 | 0.0 | 18.93 | 13.29 | 160.74 | 8.08 | -12.46 | -10.22 | -133.33 | -183.33 | -231.25 | 244.44 | 588.89 | 7800.0 | 50.37 | 16.46 | -0.69 |
| 23Q4 (17) | 0.53 | 60.61 | -90.24 | 49.83 | 2.05 | -2.45 | 2.01 | 180.72 | -87.49 | 1.34 | 219.05 | -91.34 | 1.19 | 147.92 | -92.06 | 0.12 | 200.0 | -94.5 | 0.11 | 175.0 | -94.3 | 0.09 | 12.5 | -30.77 | 16.71 | -1.99 | -33.98 | 9.23 | 3.71 | -31.83 | 160.00 | 128.24 | 53.91 | -50.00 | -107.5 | -1164.29 | 43.25 | -10.27 | 23.82 |
| 23Q3 (16) | 0.33 | -69.16 | -95.28 | 48.83 | 1.62 | -4.2 | -2.49 | -240.68 | -111.95 | 0.42 | -88.98 | -98.16 | 0.48 | -86.96 | -97.36 | 0.04 | -88.57 | -98.63 | 0.04 | -87.5 | -98.39 | 0.08 | -11.11 | -42.86 | 17.05 | -10.03 | -47.13 | 8.90 | -39.04 | -33.08 | -566.67 | -1320.51 | -719.79 | 666.67 | 1144.44 | 7677.78 | 48.20 | 8.07 | 42.27 |
| 23Q2 (15) | 1.07 | 213.83 | -86.01 | 48.05 | 4.5 | -11.49 | 1.77 | 118.63 | -93.05 | 3.81 | 141.1 | -85.54 | 3.68 | 166.55 | -82.49 | 0.35 | 174.47 | -89.3 | 0.32 | 176.19 | -88.57 | 0.09 | 12.5 | -30.77 | 18.95 | 161.02 | -46.66 | 14.60 | 62.22 | -27.83 | 46.43 | -54.3 | -52.03 | 53.57 | 1787.5 | 1571.43 | 44.60 | -12.07 | 31.6 |
| 23Q1 (14) | -0.94 | -117.31 | -127.41 | 45.98 | -9.98 | -11.92 | -9.50 | -159.12 | -163.42 | -9.27 | -159.92 | -154.53 | -5.53 | -136.89 | -140.78 | -0.47 | -121.56 | -131.76 | -0.42 | -121.76 | -132.56 | 0.08 | -38.46 | -20.0 | 7.26 | -71.32 | -75.23 | 9.00 | -33.53 | -34.35 | 101.59 | -2.28 | 15.51 | -3.17 | 19.73 | -126.33 | 50.72 | 45.2 | 20.88 |
| 22Q4 (13) | 5.43 | -22.32 | -36.42 | 51.08 | 0.22 | -7.18 | 16.07 | -22.89 | -41.99 | 15.47 | -32.06 | -44.11 | 14.99 | -17.5 | -31.89 | 2.18 | -25.09 | -42.33 | 1.93 | -22.49 | -41.87 | 0.13 | -7.14 | -13.33 | 25.31 | -21.52 | -28.56 | 13.54 | 1.8 | -13.09 | 103.95 | 13.7 | 3.66 | -3.95 | -146.14 | 0 | 34.93 | 3.1 | 20.08 |
| 22Q3 (12) | 6.99 | -8.63 | 0.72 | 50.97 | -6.12 | -3.87 | 20.84 | -18.21 | -17.6 | 22.77 | -13.59 | -11.23 | 18.17 | -13.56 | -11.45 | 2.91 | -11.01 | -8.49 | 2.49 | -11.07 | -8.79 | 0.14 | 7.69 | 7.69 | 32.25 | -9.23 | -6.22 | 13.30 | -34.26 | 7.61 | 91.43 | -5.54 | -7.27 | 8.57 | 167.43 | 508.57 | 33.88 | -0.03 | 5.91 |
| 22Q2 (11) | 7.65 | 123.03 | 15.91 | 54.29 | 4.0 | 0.82 | 25.48 | 70.09 | -1.58 | 26.35 | 55.0 | 2.09 | 21.02 | 55.01 | 1.79 | 3.27 | 120.95 | 7.57 | 2.80 | 117.05 | 8.95 | 0.13 | 30.0 | 8.33 | 35.53 | 21.22 | 1.75 | 20.23 | 47.56 | -5.51 | 96.79 | 10.07 | -3.21 | 3.21 | -73.42 | 968.59 | 33.89 | -19.23 | -2.0 |
| 22Q1 (10) | 3.43 | -59.84 | -32.88 | 52.20 | -5.14 | -3.42 | 14.98 | -45.92 | -31.16 | 17.00 | -38.58 | -21.62 | 13.56 | -38.39 | -34.4 | 1.48 | -60.85 | -37.02 | 1.29 | -61.14 | -36.76 | 0.10 | -33.33 | 0.0 | 29.31 | -17.27 | -11.64 | 13.71 | -12.0 | -8.72 | 87.94 | -12.31 | -12.55 | 12.06 | 0 | 2221.99 | 41.96 | 44.24 | 6.61 |
| 21Q4 (9) | 8.54 | 23.05 | 19.27 | 55.03 | 3.79 | 0.95 | 27.70 | 9.53 | -3.59 | 27.68 | 7.91 | 0.07 | 22.01 | 7.26 | -1.65 | 3.78 | 18.87 | 11.5 | 3.32 | 21.61 | 13.7 | 0.15 | 15.38 | 15.38 | 35.43 | 3.02 | -2.96 | 15.58 | 26.05 | 1.23 | 100.28 | 1.72 | -3.38 | 0.00 | -100.0 | 100.0 | 29.09 | -9.07 | -3.1 |
| 21Q3 (8) | 6.94 | 5.15 | -20.69 | 53.02 | -1.54 | -3.62 | 25.29 | -2.32 | -18.16 | 25.65 | -0.62 | -15.12 | 20.52 | -0.63 | -14.03 | 3.18 | 4.61 | -26.05 | 2.73 | 6.23 | -23.74 | 0.13 | 8.33 | -13.33 | 34.39 | -1.52 | -9.24 | 12.36 | -42.27 | -27.21 | 98.59 | -1.41 | -3.53 | 1.41 | 481.69 | 163.91 | 31.99 | -7.49 | 10.04 |
| 21Q2 (7) | 6.60 | 29.16 | -7.17 | 53.85 | -0.37 | -0.54 | 25.89 | 18.98 | -7.44 | 25.81 | 18.99 | -5.6 | 20.65 | -0.1 | -6.39 | 3.04 | 29.36 | -14.37 | 2.57 | 25.98 | -11.99 | 0.12 | 20.0 | -7.69 | 34.92 | 5.28 | -3.38 | 21.41 | 42.54 | -8.43 | 100.00 | -0.56 | -2.36 | -0.37 | 35.06 | 84.77 | 34.58 | -12.14 | 0 |
| 21Q1 (6) | 5.11 | -28.63 | -6.41 | 54.05 | -0.84 | 2.78 | 21.76 | -24.26 | -10.19 | 21.69 | -21.58 | -13.79 | 20.67 | -7.64 | 3.97 | 2.35 | -30.68 | -14.23 | 2.04 | -30.14 | -10.92 | 0.10 | -23.08 | -9.09 | 33.17 | -9.15 | -4.93 | 15.02 | -2.4 | -23.05 | 100.57 | -3.11 | 4.72 | -0.57 | 85.02 | -116.12 | 39.36 | 31.11 | 16.0 |
| 20Q4 (5) | 7.16 | -18.17 | 41.78 | 54.51 | -0.91 | 1.6 | 28.73 | -7.02 | -5.77 | 27.66 | -8.47 | 34.4 | 22.38 | -6.24 | 36.05 | 3.39 | -21.16 | 30.38 | 2.92 | -18.44 | 34.56 | 0.13 | -13.33 | 0.0 | 36.51 | -3.64 | 26.46 | 15.39 | -9.36 | -24.26 | 103.79 | 1.55 | -30.02 | -3.79 | -72.11 | 92.15 | 30.02 | 3.27 | 23.64 |
| 20Q3 (4) | 8.75 | 23.07 | 0.0 | 55.01 | 1.61 | 0.0 | 30.90 | 10.48 | 0.0 | 30.22 | 10.53 | 0.0 | 23.87 | 8.2 | 0.0 | 4.30 | 21.13 | 0.0 | 3.58 | 22.6 | 0.0 | 0.15 | 15.38 | 0.0 | 37.89 | 4.84 | 0.0 | 16.98 | -27.37 | 0.0 | 102.20 | -0.21 | 0.0 | -2.20 | 9.01 | 0.0 | 29.07 | 0 | 0.0 |
| 20Q2 (3) | 7.11 | 30.22 | 0.0 | 54.14 | 2.95 | 0.0 | 27.97 | 15.44 | 0.0 | 27.34 | 8.66 | 0.0 | 22.06 | 10.97 | 0.0 | 3.55 | 29.56 | 0.0 | 2.92 | 27.51 | 0.0 | 0.13 | 18.18 | 0.0 | 36.14 | 3.58 | 0.0 | 23.38 | 19.77 | 0.0 | 102.42 | 6.65 | 0.0 | -2.42 | -168.73 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 5.46 | 8.12 | 0.0 | 52.59 | -1.98 | 0.0 | 24.23 | -20.53 | 0.0 | 25.16 | 22.25 | 0.0 | 19.88 | 20.85 | 0.0 | 2.74 | 5.38 | 0.0 | 2.29 | 5.53 | 0.0 | 0.11 | -15.38 | 0.0 | 34.89 | 20.85 | 0.0 | 19.52 | -3.94 | 0.0 | 96.04 | -35.25 | 0.0 | 3.52 | 107.3 | 0.0 | 33.93 | 39.74 | 0.0 |
| 19Q4 (1) | 5.05 | 0.0 | 0.0 | 53.65 | 0.0 | 0.0 | 30.49 | 0.0 | 0.0 | 20.58 | 0.0 | 0.0 | 16.45 | 0.0 | 0.0 | 2.60 | 0.0 | 0.0 | 2.17 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 28.87 | 0.0 | 0.0 | 20.32 | 0.0 | 0.0 | 148.31 | 0.0 | 0.0 | -48.31 | 0.0 | 0.0 | 24.28 | 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) | 0.99 | -95.79 | 48.23 | -7.48 | -1.83 | 0 | 14.63 | 60.96 | -0.73 | 0 | 0.09 | -99.48 | 0.03 | -99.69 | 0.04 | -99.53 | 0.33 | -32.65 | 15.19 | -50.59 | 9.23 | -31.83 | 252.38 | 165.2 | -152.38 | 0 | 0.47 | -31.28 | 46.53 | 30.41 |
| 2022 (9) | 23.50 | -13.6 | 52.13 | -3.52 | 19.74 | -22.56 | 9.09 | 10.16 | 20.74 | -18.79 | 17.24 | -18.02 | 9.76 | -20.13 | 8.54 | -19.36 | 0.49 | -2.0 | 30.74 | -11.18 | 13.54 | -13.09 | 95.16 | -4.66 | 4.84 | 2518.24 | 0.69 | 30.07 | 35.68 | 7.57 |
| 2021 (8) | 27.20 | -4.49 | 54.03 | -0.22 | 25.49 | -9.61 | 8.25 | 4.29 | 25.54 | -8.03 | 21.03 | -5.23 | 12.22 | -11.71 | 10.59 | -10.03 | 0.50 | -5.66 | 34.61 | -5.13 | 15.58 | 1.23 | 99.82 | -1.62 | 0.18 | 0 | 0.53 | -6.72 | 33.17 | 7.24 |
| 2020 (7) | 28.48 | 49.34 | 54.15 | 1.92 | 28.20 | 9.77 | 7.91 | 5.94 | 27.77 | 19.18 | 22.19 | 20.21 | 13.84 | 39.38 | 11.77 | 40.62 | 0.53 | 17.78 | 36.48 | 15.26 | 15.39 | -24.26 | 101.45 | -7.99 | -1.54 | 0 | 0.57 | -18.8 | 30.93 | -8.03 |
| 2019 (6) | 19.07 | -12.68 | 53.13 | -0.24 | 25.69 | -6.24 | 7.47 | 26.25 | 23.30 | -16.79 | 18.46 | -15.48 | 9.93 | -17.39 | 8.37 | -18.97 | 0.45 | -4.26 | 31.65 | -8.74 | 20.32 | 19.6 | 110.27 | 12.6 | -10.27 | 0 | 0.70 | -1.74 | 33.63 | -1.61 |
| 2018 (5) | 21.84 | -7.1 | 53.26 | -3.85 | 27.40 | -4.99 | 5.92 | 17.95 | 28.00 | -4.04 | 21.84 | -7.77 | 12.02 | -30.8 | 10.33 | -25.31 | 0.47 | -18.97 | 34.68 | -0.6 | 16.99 | 8.77 | 97.93 | -0.87 | 2.07 | 70.85 | 0.71 | 0 | 34.18 | 4.37 |
| 2017 (4) | 23.51 | 17.32 | 55.39 | 6.17 | 28.84 | 2.23 | 5.02 | 28.88 | 29.18 | 1.81 | 23.68 | 1.63 | 17.37 | -44.84 | 13.83 | -34.08 | 0.58 | -35.56 | 34.89 | 5.28 | 15.62 | -66.57 | 98.79 | 0.41 | 1.21 | -24.89 | 0.00 | 0 | 32.75 | 2.96 |
| 2016 (3) | 20.04 | 35.68 | 52.17 | 1.05 | 28.21 | -3.29 | 3.89 | -12.81 | 28.66 | -3.08 | 23.30 | -2.8 | 31.49 | -27.91 | 20.98 | -23.43 | 0.90 | -21.05 | 33.14 | -4.72 | 46.73 | -20.57 | 98.39 | -0.24 | 1.61 | 17.51 | 0.00 | 0 | 31.81 | -8.75 |
| 2015 (2) | 14.77 | 76.89 | 51.63 | 8.44 | 29.17 | 30.34 | 4.46 | -15.11 | 29.57 | 31.01 | 23.97 | 29.99 | 43.68 | 20.56 | 27.40 | 21.19 | 1.14 | -5.0 | 34.78 | 20.64 | 58.83 | -6.01 | 98.63 | -0.54 | 1.37 | 64.71 | 0.00 | 0 | 34.86 | -10.98 |
| 2014 (1) | 8.35 | 218.7 | 47.61 | 0 | 22.38 | 0 | 5.26 | 3.12 | 22.57 | 0 | 18.44 | 0 | 36.23 | 0 | 22.61 | 0 | 1.20 | -25.47 | 28.83 | 81.78 | 62.59 | -3.34 | 99.17 | -0.83 | 0.83 | 0 | 0.00 | 0 | 39.16 | 0.98 |
