- 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) | 0.57 | -74.44 | -65.24 | 15.63 | -33.86 | -37.78 | 3.26 | -78.55 | -34.41 | 5.00 | -72.63 | -64.91 | 4.17 | -72.29 | -62.5 | 1.21 | -75.46 | -68.65 | 0.50 | -75.0 | -56.9 | 0.12 | -7.69 | 20.0 | 7.14 | -64.65 | -53.91 | 143.46 | -6.23 | -34.48 | 66.67 | -20.0 | 88.89 | 33.33 | 100.0 | -48.48 | 11.06 | -2.47 | -4.16 |
| 24Q2 (19) | 2.23 | 22.53 | 125.25 | 23.63 | 18.56 | 47.04 | 15.20 | 40.48 | 248.62 | 18.27 | 18.41 | 102.77 | 15.05 | 22.56 | 106.73 | 4.93 | 23.56 | 106.28 | 2.00 | 27.39 | 194.12 | 0.13 | 0.0 | 44.44 | 20.20 | 14.06 | 93.12 | 152.99 | 5.23 | -40.96 | 83.33 | 18.75 | 72.62 | 16.67 | -44.12 | -67.78 | 11.34 | 0.98 | -12.23 |
| 24Q1 (18) | 1.82 | 156.34 | 41.09 | 19.93 | 1161.39 | -0.25 | 10.82 | 5.87 | 4.44 | 15.43 | 139.22 | 37.03 | 12.28 | 109.2 | 38.76 | 3.99 | 152.53 | 29.97 | 1.57 | 180.36 | 84.71 | 0.13 | 44.44 | 44.44 | 17.71 | 112.61 | 38.04 | 145.39 | -15.56 | -47.72 | 70.18 | -54.02 | -21.8 | 29.82 | 151.52 | 287.72 | 11.23 | -17.3 | -7.57 |
| 23Q4 (17) | 0.71 | -56.71 | 494.44 | 1.58 | -93.71 | -88.11 | 10.22 | 105.63 | 293.08 | 6.45 | -54.74 | 532.89 | 5.87 | -47.21 | 573.39 | 1.58 | -59.07 | 476.19 | 0.56 | -51.72 | 900.0 | 0.09 | -10.0 | 12.5 | 8.33 | -46.22 | 0 | 172.18 | -21.37 | -38.18 | 152.63 | 332.46 | 184.8 | -57.89 | -189.47 | -120.68 | 13.58 | 17.68 | -0.88 |
| 23Q3 (16) | 1.64 | 65.66 | -38.11 | 25.12 | 56.32 | 158.17 | 4.97 | 13.99 | 112.39 | 14.25 | 58.16 | -23.18 | 11.12 | 52.75 | -25.52 | 3.86 | 61.51 | -39.02 | 1.16 | 70.59 | -25.16 | 0.10 | 11.11 | 0.0 | 15.49 | 48.09 | -21.96 | 218.97 | -15.5 | -32.4 | 35.29 | -26.89 | 194.12 | 64.71 | 25.1 | -25.34 | 11.54 | -10.68 | -5.56 |
| 23Q2 (15) | 0.99 | -23.26 | -60.71 | 16.07 | -19.57 | -20.95 | 4.36 | -57.92 | -57.46 | 9.01 | -19.98 | -53.56 | 7.28 | -17.74 | -52.97 | 2.39 | -22.15 | -62.83 | 0.68 | -20.0 | -55.84 | 0.09 | 0.0 | -10.0 | 10.46 | -18.47 | -49.35 | 259.14 | -6.82 | -18.44 | 48.28 | -46.21 | -9.8 | 51.72 | 572.41 | 8.01 | 12.92 | 6.34 | -3.65 |
| 23Q1 (14) | 1.29 | 816.67 | -66.92 | 19.98 | 50.34 | -20.59 | 10.36 | 298.46 | -35.65 | 11.26 | 855.7 | -64.14 | 8.85 | 813.71 | -64.67 | 3.07 | 830.95 | -71.25 | 0.85 | 1314.29 | -65.31 | 0.09 | 12.5 | -10.0 | 12.83 | 0 | -60.84 | 278.10 | -0.14 | -16.85 | 89.74 | 149.86 | 74.68 | 7.69 | -97.25 | -84.18 | 12.15 | -11.31 | -8.09 |
| 22Q4 (13) | -0.18 | -106.79 | -146.15 | 13.29 | 36.59 | -36.74 | 2.60 | 11.11 | -60.43 | -1.49 | -108.03 | -135.9 | -1.24 | -108.31 | -137.69 | -0.42 | -106.64 | -139.25 | -0.07 | -104.52 | -124.14 | 0.08 | -20.0 | 0.0 | 0.00 | -100.0 | -100.0 | 278.50 | -14.03 | -21.21 | -180.00 | -1600.0 | -212.5 | 280.00 | 223.08 | 566.67 | 13.70 | 12.11 | -29.56 |
| 22Q3 (12) | 2.65 | 5.16 | 25.0 | 9.73 | -52.14 | -62.18 | 2.34 | -77.17 | -86.26 | 18.55 | -4.38 | 4.04 | 14.93 | -3.55 | 6.64 | 6.33 | -1.56 | 6.57 | 1.55 | 0.65 | 2.65 | 0.10 | 0.0 | -9.09 | 19.85 | -3.87 | 3.17 | 323.94 | 1.95 | 3.4 | 12.00 | -77.58 | -87.33 | 86.67 | 80.98 | 1546.67 | 12.22 | -8.87 | -3.63 |
| 22Q2 (11) | 2.52 | -35.38 | 26.0 | 20.33 | -19.2 | 3.83 | 10.25 | -36.34 | -31.12 | 19.40 | -38.22 | 91.7 | 15.48 | -38.2 | 75.71 | 6.43 | -39.79 | 11.25 | 1.54 | -37.14 | -8.88 | 0.10 | 0.0 | -47.37 | 20.65 | -36.97 | 89.1 | 317.74 | -5.0 | 9.36 | 53.52 | 4.18 | -63.82 | 47.89 | -1.51 | 199.94 | 13.41 | 1.44 | 65.15 |
| 22Q1 (10) | 3.90 | 900.0 | 207.09 | 25.16 | 19.75 | -11.81 | 16.10 | 145.05 | 24.9 | 31.40 | 656.63 | 99.24 | 25.05 | 661.4 | 96.78 | 10.68 | 898.13 | 175.26 | 2.45 | 744.83 | 84.21 | 0.10 | 25.0 | 0.0 | 32.76 | 439.7 | 85.08 | 334.46 | -5.38 | 64.82 | 51.38 | -67.89 | -37.21 | 48.62 | 181.04 | 167.43 | 13.22 | -32.03 | -26.1 |
| 21Q4 (9) | 0.39 | -81.6 | -60.61 | 21.01 | -18.34 | -12.28 | 6.57 | -61.42 | -47.31 | 4.15 | -76.72 | -47.6 | 3.29 | -76.5 | -48.43 | 1.07 | -81.99 | -65.92 | 0.29 | -80.79 | -70.71 | 0.08 | -27.27 | -46.67 | 6.07 | -68.45 | -33.66 | 353.47 | 12.83 | 85.0 | 160.00 | 68.89 | 0.57 | -60.00 | -1240.0 | -1.54 | 19.45 | 53.39 | 41.04 |
| 21Q3 (8) | 2.12 | 6.0 | 300.0 | 25.73 | 31.41 | 3.58 | 17.03 | 14.45 | 36.9 | 17.83 | 76.19 | 166.52 | 14.00 | 58.91 | 211.11 | 5.94 | 2.77 | 195.52 | 1.51 | -10.65 | 143.55 | 0.11 | -42.11 | -15.38 | 19.24 | 76.19 | 126.62 | 313.28 | 7.83 | 16.66 | 94.74 | -35.95 | -48.99 | 5.26 | 110.98 | 106.14 | 12.68 | 56.16 | -20.25 |
| 21Q2 (7) | 2.00 | 57.48 | 44.93 | 19.58 | -31.37 | -20.57 | 14.88 | 15.44 | -8.2 | 10.12 | -35.79 | -15.1 | 8.81 | -30.79 | 1.38 | 5.78 | 48.97 | 10.1 | 1.69 | 27.07 | -3.43 | 0.19 | 90.0 | -5.0 | 10.92 | -38.31 | -17.83 | 290.54 | 43.18 | 25.5 | 147.92 | 80.79 | 9.33 | -47.92 | -363.54 | -35.76 | 8.12 | -54.61 | -31.53 |
| 21Q1 (6) | 1.27 | 28.28 | 8.55 | 28.53 | 19.12 | 8.44 | 12.89 | 3.37 | 1.42 | 15.76 | 98.99 | 9.52 | 12.73 | 99.53 | 13.36 | 3.88 | 23.57 | -13.39 | 1.33 | 34.34 | -19.88 | 0.10 | -33.33 | -33.33 | 17.70 | 93.44 | 6.76 | 202.92 | 6.2 | 15.24 | 81.82 | -48.57 | -7.95 | 18.18 | 130.77 | 63.64 | 17.89 | 29.73 | -0.78 |
| 20Q4 (5) | 0.99 | 86.79 | -21.43 | 23.95 | -3.58 | -23.9 | 12.47 | 0.24 | -30.99 | 7.92 | 18.39 | -40.85 | 6.38 | 41.78 | -41.95 | 3.14 | 56.22 | -37.82 | 0.99 | 59.68 | -46.49 | 0.15 | 15.38 | -11.76 | 9.15 | 7.77 | -39.2 | 191.07 | -28.85 | 11.63 | 159.09 | -14.34 | 20.39 | -59.09 | 31.06 | -65.45 | 13.79 | -13.27 | -19.12 |
| 20Q3 (4) | 0.53 | -61.59 | 0.0 | 24.84 | 0.77 | 0.0 | 12.44 | -23.26 | 0.0 | 6.69 | -43.88 | 0.0 | 4.50 | -48.22 | 0.0 | 2.01 | -61.71 | 0.0 | 0.62 | -64.57 | 0.0 | 0.13 | -35.0 | 0.0 | 8.49 | -36.12 | 0.0 | 268.54 | 15.99 | 0.0 | 185.71 | 37.27 | 0.0 | -85.71 | -142.86 | 0.0 | 15.90 | 34.06 | 0.0 |
| 20Q2 (3) | 1.38 | 17.95 | 0.0 | 24.65 | -6.31 | 0.0 | 16.21 | 27.54 | 0.0 | 11.92 | -17.16 | 0.0 | 8.69 | -22.62 | 0.0 | 5.25 | 17.19 | 0.0 | 1.75 | 5.42 | 0.0 | 0.20 | 33.33 | 0.0 | 13.29 | -19.84 | 0.0 | 231.51 | 31.47 | 0.0 | 135.29 | 52.21 | 0.0 | -35.29 | -417.65 | 0.0 | 11.86 | -34.22 | 0.0 |
| 20Q1 (2) | 1.17 | -7.14 | 0.0 | 26.31 | -16.4 | 0.0 | 12.71 | -29.66 | 0.0 | 14.39 | 7.47 | 0.0 | 11.23 | 2.18 | 0.0 | 4.48 | -11.29 | 0.0 | 1.66 | -10.27 | 0.0 | 0.15 | -11.76 | 0.0 | 16.58 | 10.17 | 0.0 | 176.09 | 2.87 | 0.0 | 88.89 | -32.73 | 0.0 | 11.11 | 131.11 | 0.0 | 18.03 | 5.75 | 0.0 |
| 19Q4 (1) | 1.26 | 0.0 | 0.0 | 31.47 | 0.0 | 0.0 | 18.07 | 0.0 | 0.0 | 13.39 | 0.0 | 0.0 | 10.99 | 0.0 | 0.0 | 5.05 | 0.0 | 0.0 | 1.85 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 15.05 | 0.0 | 0.0 | 171.17 | 0.0 | 0.0 | 132.14 | 0.0 | 0.0 | -35.71 | 0.0 | 0.0 | 17.05 | 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) | 4.60 | -47.9 | 16.36 | -3.31 | 7.38 | -4.03 | 1.07 | 29.67 | 10.45 | -39.24 | 8.42 | -38.76 | 10.59 | -53.27 | 3.40 | -40.14 | 0.39 | -2.5 | 11.98 | -35.63 | 172.18 | -38.18 | 70.80 | 58.04 | 29.20 | -47.11 | 0.07 | 153.54 | 12.49 | -4.66 |
| 2022 (9) | 8.83 | 53.57 | 16.92 | -26.18 | 7.69 | -42.83 | 0.82 | -20.69 | 17.20 | 45.27 | 13.75 | 41.9 | 22.66 | 35.28 | 5.68 | 24.56 | 0.40 | -13.04 | 18.61 | 40.24 | 278.50 | -21.21 | 44.80 | -60.53 | 55.20 | 0 | 0.03 | -6.81 | 13.10 | -0.46 |
| 2021 (8) | 5.75 | 43.03 | 22.92 | -7.62 | 13.45 | -1.25 | 1.04 | -16.09 | 11.84 | 17.46 | 9.69 | 27.67 | 16.75 | 29.04 | 4.56 | -2.98 | 0.46 | -23.33 | 13.27 | 14.79 | 353.47 | 85.0 | 113.51 | -15.72 | -13.51 | 0 | 0.03 | -44.01 | 13.16 | -9.24 |
| 2020 (7) | 4.02 | -22.39 | 24.81 | -13.31 | 13.62 | -7.72 | 1.24 | -12.3 | 10.08 | -34.67 | 7.59 | -36.8 | 12.98 | -40.16 | 4.70 | -32.95 | 0.60 | 3.45 | 11.56 | -32.28 | 191.07 | 11.63 | 134.69 | 40.55 | -34.69 | 0 | 0.05 | -68.2 | 14.50 | -18.81 |
| 2019 (6) | 5.18 | 2.57 | 28.62 | -12.58 | 14.76 | 4.38 | 1.41 | 26.48 | 15.43 | -16.95 | 12.01 | -16.77 | 21.69 | -11.43 | 7.01 | -13.56 | 0.58 | 5.45 | 17.07 | -15.75 | 171.17 | -34.16 | 95.83 | 24.91 | 4.17 | -82.74 | 0.16 | 0 | 17.86 | -12.92 |
| 2018 (5) | 5.05 | 102.81 | 32.74 | 41.06 | 14.14 | 42.25 | 1.12 | 9.25 | 18.58 | 126.31 | 14.43 | 119.97 | 24.49 | 74.8 | 8.11 | 38.4 | 0.55 | -37.5 | 20.26 | 113.49 | 259.98 | 74.31 | 76.72 | -36.82 | 24.14 | 0 | 0.00 | 0 | 20.51 | 26.37 |
| 2017 (4) | 2.49 | 62.75 | 23.21 | 16.34 | 9.94 | 335.96 | 1.02 | -29.78 | 8.21 | 11.85 | 6.56 | 15.7 | 14.01 | 86.8 | 5.86 | 75.45 | 0.88 | 51.72 | 9.49 | 6.15 | 149.15 | 7.81 | 121.43 | 286.36 | -21.43 | 0 | 0.00 | 0 | 16.23 | -25.0 |
| 2016 (3) | 1.53 | 0 | 19.95 | 4.67 | 2.28 | 44.3 | 1.46 | -18.5 | 7.34 | 280.31 | 5.67 | 0 | 7.50 | 0 | 3.34 | 0 | 0.58 | -4.92 | 8.94 | 127.48 | 138.35 | 17.19 | 31.43 | -61.59 | 68.57 | 277.14 | 0.00 | 0 | 21.64 | 22.12 |
| 2015 (2) | -0.24 | 0 | 19.06 | 0 | 1.58 | 0 | 1.79 | 0 | 1.93 | 0 | -1.91 | 0 | -2.44 | 0 | -1.02 | 0 | 0.61 | 0 | 3.93 | 0 | 118.06 | 13.9 | 81.82 | 0 | 18.18 | 0 | 0.00 | 0 | 17.72 | 0 |
| 2014 (1) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 103.65 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 |
