- 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) | 1.30 | 154.9 | 1.56 | 28.30 | 14.57 | -10.07 | 7.70 | 106.43 | -33.33 | 17.68 | 127.84 | 1.9 | 13.70 | 134.99 | 20.81 | 2.59 | 151.46 | -3.36 | 1.86 | 148.0 | 6.29 | 0.13 | 8.33 | -13.33 | 25.07 | 59.28 | 8.01 | 41.23 | -11.86 | -16.96 | 42.86 | -10.71 | -36.17 | 55.56 | 6.84 | 69.08 | 26.86 | 6.55 | 6.08 |
| 24Q2 (19) | 0.51 | -28.17 | -52.78 | 24.70 | -8.11 | 1.73 | 3.73 | -54.9 | -18.2 | 7.76 | -47.43 | -51.23 | 5.83 | -29.25 | -50.04 | 1.03 | -27.46 | -54.42 | 0.75 | -26.47 | -45.26 | 0.12 | 0.0 | 9.09 | 15.74 | -31.71 | -32.79 | 46.78 | -6.79 | -35.19 | 48.00 | -13.6 | 71.43 | 52.00 | 17.0 | -27.78 | 25.21 | -6.8 | -4.87 |
| 24Q1 (18) | 0.71 | 22.41 | 57.78 | 26.88 | -5.52 | -4.1 | 8.27 | -25.96 | 15.5 | 14.76 | 50.0 | 113.91 | 8.24 | 39.42 | 71.67 | 1.42 | 23.48 | 56.04 | 1.02 | 21.43 | 64.52 | 0.12 | -7.69 | 9.09 | 23.05 | 38.69 | 59.3 | 50.19 | 1.99 | -37.66 | 55.56 | -50.29 | -46.86 | 44.44 | 402.22 | 1077.78 | 27.05 | 11.41 | -1.85 |
| 23Q4 (17) | 0.58 | -54.69 | -44.23 | 28.45 | -9.6 | -17.73 | 11.17 | -3.29 | -35.32 | 9.84 | -43.29 | -28.23 | 5.91 | -47.88 | -30.72 | 1.15 | -57.09 | -41.33 | 0.84 | -52.0 | -33.33 | 0.13 | -13.33 | -7.14 | 16.62 | -28.39 | -14.51 | 49.21 | -0.89 | -29.25 | 111.76 | 66.46 | -11.25 | -14.71 | -144.76 | 43.28 | 24.28 | -4.11 | 3.58 |
| 23Q3 (16) | 1.28 | 18.52 | 156.0 | 31.47 | 29.61 | 83.71 | 11.55 | 153.29 | 258.22 | 17.35 | 9.05 | 127.09 | 11.34 | -2.83 | 77.19 | 2.68 | 18.58 | 176.29 | 1.75 | 27.74 | 169.23 | 0.15 | 36.36 | 66.67 | 23.21 | -0.9 | 38.73 | 49.65 | -31.21 | -24.78 | 67.14 | 139.8 | 170.87 | 32.86 | -54.37 | -83.57 | 25.32 | -4.45 | -18.24 |
| 23Q2 (15) | 1.08 | 140.0 | -32.5 | 24.28 | -13.38 | -10.24 | 4.56 | -36.31 | -51.23 | 15.91 | 130.58 | -29.63 | 11.67 | 143.12 | -19.68 | 2.26 | 148.35 | -30.25 | 1.37 | 120.97 | -26.34 | 0.11 | 0.0 | -8.33 | 23.42 | 61.85 | -17.68 | 72.18 | -10.35 | -9.93 | 28.00 | -73.22 | -32.12 | 72.00 | 1684.0 | 22.55 | 26.50 | -3.85 | -1.12 |
| 23Q1 (14) | 0.45 | -56.73 | -88.4 | 28.03 | -18.94 | -23.16 | 7.16 | -58.54 | -73.38 | 6.90 | -49.67 | -75.51 | 4.80 | -43.73 | -74.7 | 0.91 | -53.57 | -88.68 | 0.62 | -50.79 | -86.84 | 0.11 | -21.43 | -56.0 | 14.47 | -25.57 | -53.7 | 80.51 | 15.76 | 0.74 | 104.55 | -16.98 | 9.27 | -4.55 | 82.47 | -205.11 | 27.56 | 17.58 | 62.6 |
| 22Q4 (13) | 1.04 | 108.0 | -44.68 | 34.58 | 101.87 | 17.62 | 17.27 | 336.58 | -1.76 | 13.71 | 79.45 | -19.16 | 8.53 | 33.28 | -29.91 | 1.96 | 102.06 | -51.49 | 1.26 | 93.85 | -49.8 | 0.14 | 55.56 | -30.0 | 19.44 | 16.2 | -7.87 | 69.55 | 5.36 | 6.51 | 125.93 | 232.92 | 21.58 | -25.93 | -112.96 | -625.93 | 23.44 | -24.31 | -0.17 |
| 22Q3 (12) | 0.50 | -68.75 | -62.12 | 17.13 | -36.67 | -38.45 | -7.30 | -178.07 | -147.04 | 7.64 | -66.21 | -52.75 | 6.40 | -55.95 | -39.85 | 0.97 | -70.06 | -67.01 | 0.65 | -65.05 | -62.86 | 0.09 | -25.0 | -43.75 | 16.73 | -41.2 | -18.43 | 66.01 | -17.63 | 5.67 | -94.74 | -329.67 | -199.4 | 200.00 | 240.43 | 4166.67 | 30.97 | 15.56 | 38.14 |
| 22Q2 (11) | 1.60 | -58.76 | 29.03 | 27.05 | -25.85 | -10.9 | 9.35 | -65.24 | -42.36 | 22.61 | -19.77 | 65.88 | 14.53 | -23.41 | 76.76 | 3.24 | -59.7 | 17.39 | 1.86 | -60.51 | 14.81 | 0.12 | -52.0 | -36.84 | 28.45 | -8.96 | 65.21 | 80.14 | 0.28 | -2.2 | 41.25 | -56.89 | -65.1 | 58.75 | 1258.59 | 423.12 | 26.80 | 58.11 | -4.32 |
| 22Q1 (10) | 3.88 | 106.38 | 61.0 | 36.48 | 24.08 | 1.73 | 26.90 | 53.01 | 17.93 | 28.18 | 66.16 | 17.27 | 18.97 | 55.88 | 16.45 | 8.04 | 99.01 | 48.61 | 4.71 | 87.65 | 46.27 | 0.25 | 25.0 | 31.58 | 31.25 | 48.1 | 12.98 | 79.92 | 22.39 | 17.34 | 95.68 | -7.62 | 1.04 | 4.32 | 221.08 | -18.56 | 16.95 | -27.81 | -37.18 |
| 21Q4 (9) | 1.88 | 42.42 | -30.37 | 29.40 | 5.64 | -29.98 | 17.58 | 13.27 | -37.88 | 16.96 | 4.89 | -29.16 | 12.17 | 14.38 | -23.84 | 4.04 | 37.41 | -34.84 | 2.51 | 43.43 | -25.74 | 0.20 | 25.0 | -4.76 | 21.10 | 2.88 | -22.57 | 65.30 | 4.53 | -11.14 | 103.57 | 8.67 | -12.19 | -3.57 | -176.19 | 80.1 | 23.48 | 4.73 | -15.6 |
| 21Q3 (8) | 1.32 | 6.45 | 4.76 | 27.83 | -8.33 | -10.89 | 15.52 | -4.32 | -9.66 | 16.17 | 18.64 | 14.84 | 10.64 | 29.44 | 32.01 | 2.94 | 6.52 | -11.45 | 1.75 | 8.02 | 2.34 | 0.16 | -15.79 | -20.0 | 20.51 | 19.11 | 10.92 | 62.47 | -23.76 | -38.63 | 95.31 | -19.35 | -22.02 | 4.69 | 125.78 | 121.09 | 22.42 | -19.96 | -21.25 |
| 21Q2 (7) | 1.24 | -48.55 | -5.34 | 30.36 | -15.34 | -0.23 | 16.22 | -28.89 | -2.7 | 13.63 | -43.28 | -7.78 | 8.22 | -49.54 | -12.65 | 2.76 | -48.98 | -21.14 | 1.62 | -49.69 | -12.9 | 0.19 | 0.0 | 0.0 | 17.22 | -37.74 | -14.11 | 81.94 | 20.31 | -21.79 | 118.18 | 24.81 | 5.45 | -18.18 | -442.42 | -50.65 | 28.01 | 3.82 | -13.63 |
| 21Q1 (6) | 2.41 | -10.74 | 412.77 | 35.86 | -14.6 | 29.46 | 22.81 | -19.4 | 205.76 | 24.03 | 0.38 | 148.76 | 16.29 | 1.94 | 215.09 | 5.41 | -12.74 | 332.8 | 3.22 | -4.73 | 302.5 | 0.19 | -9.52 | 46.15 | 27.66 | 1.5 | 62.13 | 68.11 | -7.32 | -27.66 | 94.69 | -19.72 | 19.61 | 5.31 | 129.58 | -78.76 | 26.98 | -3.02 | -27.9 |
| 20Q4 (5) | 2.70 | 114.29 | 175.51 | 41.99 | 34.45 | 26.97 | 28.30 | 64.73 | 55.84 | 23.94 | 70.03 | 91.52 | 15.98 | 98.26 | 111.66 | 6.20 | 86.75 | 143.14 | 3.38 | 97.66 | 108.64 | 0.21 | 5.0 | 5.0 | 27.25 | 47.38 | 55.18 | 73.49 | -27.81 | 1.65 | 117.95 | -3.5 | -18.79 | -17.95 | 19.23 | 60.32 | 27.82 | -2.28 | -4.82 |
| 20Q3 (4) | 1.26 | -3.82 | 0.0 | 31.23 | 2.63 | 0.0 | 17.18 | 3.06 | 0.0 | 14.08 | -4.74 | 0.0 | 8.06 | -14.35 | 0.0 | 3.32 | -5.14 | 0.0 | 1.71 | -8.06 | 0.0 | 0.20 | 5.26 | 0.0 | 18.49 | -7.78 | 0.0 | 101.80 | -2.83 | 0.0 | 122.22 | 9.06 | 0.0 | -22.22 | -84.13 | 0.0 | 28.47 | -12.21 | 0.0 |
| 20Q2 (3) | 1.31 | 178.72 | 0.0 | 30.43 | 9.86 | 0.0 | 16.67 | 123.46 | 0.0 | 14.78 | 53.0 | 0.0 | 9.41 | 82.01 | 0.0 | 3.50 | 180.0 | 0.0 | 1.86 | 132.5 | 0.0 | 0.19 | 46.15 | 0.0 | 20.05 | 17.53 | 0.0 | 104.77 | 11.28 | 0.0 | 112.07 | 41.56 | 0.0 | -12.07 | -148.28 | 0.0 | 32.43 | -13.34 | 0.0 |
| 20Q1 (2) | 0.47 | -52.04 | 0.0 | 27.70 | -16.24 | 0.0 | 7.46 | -58.92 | 0.0 | 9.66 | -22.72 | 0.0 | 5.17 | -31.52 | 0.0 | 1.25 | -50.98 | 0.0 | 0.80 | -50.62 | 0.0 | 0.13 | -35.0 | 0.0 | 17.06 | -2.85 | 0.0 | 94.15 | 30.22 | 0.0 | 79.17 | -45.49 | 0.0 | 25.00 | 155.26 | 0.0 | 37.42 | 28.02 | 0.0 |
| 19Q4 (1) | 0.98 | 0.0 | 0.0 | 33.07 | 0.0 | 0.0 | 18.16 | 0.0 | 0.0 | 12.50 | 0.0 | 0.0 | 7.55 | 0.0 | 0.0 | 2.55 | 0.0 | 0.0 | 1.62 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 17.56 | 0.0 | 0.0 | 72.30 | 0.0 | 0.0 | 145.24 | 0.0 | 0.0 | -45.24 | 0.0 | 0.0 | 29.23 | 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 | -50.72 | 28.29 | -8.98 | 8.85 | -43.49 | 5.64 | 28.27 | 12.75 | -37.56 | 8.56 | -37.15 | 6.77 | -51.19 | 4.60 | -46.45 | 0.50 | -18.03 | 19.54 | -23.73 | 49.21 | -29.25 | 69.32 | -9.62 | 30.68 | 31.66 | 0.30 | 28.18 | 25.85 | 13.73 |
| 2022 (9) | 6.90 | 1.02 | 31.08 | 0.39 | 15.66 | -13.58 | 4.40 | 26.44 | 20.42 | 15.24 | 13.62 | 14.84 | 13.87 | -7.96 | 8.59 | -5.6 | 0.61 | -18.67 | 25.62 | 18.06 | 69.55 | 6.51 | 76.70 | -24.92 | 23.30 | 0 | 0.24 | -0.22 | 22.73 | -10.26 |
| 2021 (8) | 6.83 | 20.67 | 30.96 | -8.4 | 18.12 | -4.38 | 3.48 | -12.83 | 17.72 | 6.75 | 11.86 | 14.26 | 15.07 | 10.16 | 9.10 | 10.17 | 0.75 | -1.32 | 21.70 | 1.59 | 65.30 | -11.14 | 102.15 | -10.49 | -2.15 | 0 | 0.24 | -5.36 | 25.33 | -17.41 |
| 2020 (7) | 5.66 | 64.53 | 33.80 | 27.55 | 18.95 | 63.5 | 3.99 | -9.02 | 16.60 | 41.64 | 10.38 | 37.85 | 13.68 | 46.31 | 8.26 | 30.49 | 0.76 | 1.33 | 21.36 | 21.71 | 73.49 | 1.65 | 114.12 | 15.79 | -14.12 | 0 | 0.25 | -36.6 | 30.67 | -1.6 |
| 2019 (6) | 3.44 | 10.26 | 26.50 | 33.97 | 11.59 | 68.46 | 4.39 | 132.38 | 11.72 | 32.28 | 7.53 | 24.26 | 9.35 | 12.38 | 6.33 | 20.8 | 0.75 | -12.79 | 17.55 | 58.39 | 72.30 | 27.96 | 98.56 | 26.72 | 1.44 | -93.53 | 0.40 | -38.82 | 31.17 | -5.52 |
| 2018 (5) | 3.12 | -26.76 | 19.78 | -26.06 | 6.88 | -45.91 | 1.89 | 52.48 | 8.86 | -16.65 | 6.06 | -9.42 | 8.32 | -32.63 | 5.24 | -26.2 | 0.86 | -18.1 | 11.08 | -8.81 | 56.50 | -11.4 | 77.78 | -35.03 | 22.22 | 0 | 0.65 | 0 | 32.99 | 2.39 |
| 2017 (4) | 4.26 | -58.19 | 26.75 | -15.67 | 12.72 | -30.42 | 1.24 | 45.39 | 10.63 | -45.32 | 6.69 | -46.65 | 12.35 | -69.83 | 7.10 | -60.49 | 1.05 | -26.06 | 12.15 | -41.3 | 63.77 | -34.25 | 119.71 | 26.95 | -19.71 | 0 | 0.00 | 0 | 32.22 | -1.68 |
| 2016 (3) | 10.19 | 4.19 | 31.72 | 24.0 | 18.28 | 18.47 | 0.85 | -20.41 | 19.44 | 21.05 | 12.54 | 23.79 | 40.93 | -23.51 | 17.97 | 25.14 | 1.42 | 5.19 | 20.70 | 16.03 | 96.99 | -54.39 | 94.30 | -2.07 | 6.14 | 65.79 | 0.00 | 0 | 32.77 | -8.51 |
| 2015 (2) | 9.78 | 3661.54 | 25.58 | 12.05 | 15.43 | 65.38 | 1.07 | -60.78 | 16.06 | 161.99 | 10.13 | 4304.35 | 53.51 | 3330.13 | 14.36 | 857.33 | 1.35 | 0.0 | 17.84 | 79.12 | 212.67 | -51.33 | 96.30 | -36.27 | 3.70 | 0 | 0.00 | 0 | 35.82 | -1.73 |
| 2014 (1) | 0.26 | 0 | 22.83 | 0 | 9.33 | 0 | 2.73 | 4.74 | 6.13 | 0 | 0.23 | 0 | 1.56 | 0 | 1.50 | 0 | 1.35 | 0 | 9.96 | 283.08 | 436.97 | 21.1 | 151.11 | 126.67 | -51.11 | 0 | 0.00 | 0 | 36.45 | -21.0 |
