- 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) | 1.67 | -31.28 | -17.33 | 21.52 | -21.4 | -10.96 | 9.76 | -33.56 | -21.35 | 11.05 | -28.34 | -16.16 | 7.74 | -34.02 | -21.02 | 4.94 | -35.76 | -25.6 | 2.29 | -33.24 | -24.17 | 0.29 | 0.0 | -6.45 | 12.14 | -26.33 | -14.33 | 113.76 | -5.19 | -1.71 | 88.54 | -7.06 | -6.23 | 11.46 | 141.91 | 105.22 | 12.87 | -5.23 | 1.66 |
| 24Q2 (19) | 2.43 | 170.0 | 492.68 | 27.38 | 39.98 | 34.55 | 14.69 | 145.24 | 206.68 | 15.42 | 114.76 | 182.94 | 11.73 | 124.28 | 329.67 | 7.69 | 167.94 | 449.29 | 3.43 | 165.89 | 435.94 | 0.29 | 20.83 | 26.09 | 16.48 | 95.72 | 140.94 | 119.99 | -7.6 | -4.27 | 95.26 | 14.87 | 7.17 | 4.74 | -70.11 | -63.44 | 13.58 | -7.3 | -20.21 |
| 24Q1 (18) | 0.90 | -28.0 | 57.89 | 19.56 | -7.91 | -17.92 | 5.99 | -24.46 | -9.24 | 7.18 | -9.57 | -12.97 | 5.23 | -4.21 | 10.11 | 2.87 | -26.22 | 56.83 | 1.29 | -27.93 | 50.0 | 0.24 | -27.27 | 33.33 | 8.42 | -5.29 | -15.88 | 129.86 | 8.08 | 12.59 | 82.93 | -17.07 | 3.66 | 15.85 | 0 | -20.73 | 14.65 | 16.27 | -29.4 |
| 23Q4 (17) | 1.25 | -38.12 | -39.32 | 21.24 | -12.12 | -8.09 | 7.93 | -36.1 | -31.34 | 7.94 | -39.76 | -34.7 | 5.46 | -44.29 | -42.77 | 3.89 | -41.42 | -40.7 | 1.79 | -40.73 | -39.73 | 0.33 | 6.45 | 6.45 | 8.89 | -37.26 | -31.93 | 120.15 | 3.81 | 4.51 | 100.00 | 5.92 | 5.49 | 0.00 | -100.0 | -100.0 | 12.60 | -0.47 | 0.16 |
| 23Q3 (16) | 2.02 | 392.68 | 18.82 | 24.17 | 18.77 | 25.3 | 12.41 | 159.08 | 27.54 | 13.18 | 141.83 | 31.93 | 9.80 | 258.97 | 35.36 | 6.64 | 374.29 | 15.08 | 3.02 | 371.87 | 20.8 | 0.31 | 34.78 | -11.43 | 14.17 | 107.16 | 30.96 | 115.74 | -7.66 | -9.17 | 94.41 | 6.22 | -3.09 | 5.59 | -56.9 | 116.48 | 12.66 | -25.62 | 24.98 |
| 23Q2 (15) | 0.41 | -28.07 | -29.31 | 20.35 | -14.6 | 12.56 | 4.79 | -27.42 | 3.23 | 5.45 | -33.94 | -4.55 | 2.73 | -42.53 | -19.23 | 1.40 | -23.5 | -29.29 | 0.64 | -25.58 | -28.09 | 0.23 | 27.78 | -11.54 | 6.84 | -31.67 | -0.29 | 125.34 | 8.67 | -6.59 | 88.89 | 11.11 | 9.4 | 12.96 | -35.19 | -30.86 | 17.02 | -17.98 | 14.08 |
| 23Q1 (14) | 0.57 | -72.33 | -35.96 | 23.83 | 3.12 | 16.76 | 6.60 | -42.86 | -6.91 | 8.25 | -32.15 | -10.62 | 4.75 | -50.21 | -19.76 | 1.83 | -72.1 | -38.8 | 0.86 | -71.04 | -38.13 | 0.18 | -41.94 | -21.74 | 10.01 | -23.35 | -4.94 | 115.34 | 0.32 | -1.09 | 80.00 | -15.61 | 3.66 | 20.00 | 284.44 | -12.38 | 20.75 | 64.94 | 35.8 |
| 22Q4 (13) | 2.06 | 21.18 | 9.57 | 23.11 | 19.8 | -9.44 | 11.55 | 18.71 | -14.76 | 12.16 | 21.72 | -12.58 | 9.54 | 31.77 | -3.64 | 6.56 | 13.69 | 2.02 | 2.97 | 18.8 | -0.67 | 0.31 | -11.43 | 3.33 | 13.06 | 20.7 | -12.76 | 114.97 | -9.78 | -0.64 | 94.80 | -2.69 | -2.41 | 5.20 | 101.59 | 127.6 | 12.58 | 24.19 | -0.71 |
| 22Q3 (12) | 1.70 | 193.1 | 709.52 | 19.29 | 6.69 | 44.71 | 9.73 | 109.7 | 449.72 | 9.99 | 74.96 | 234.11 | 7.24 | 114.2 | 465.62 | 5.77 | 191.41 | 690.41 | 2.50 | 180.9 | 635.29 | 0.35 | 34.62 | 34.62 | 10.82 | 57.73 | 160.1 | 127.43 | -5.03 | 10.74 | 97.42 | 19.9 | 64.07 | 2.58 | -86.24 | -93.65 | 10.13 | -32.1 | -22.43 |
| 22Q2 (11) | 0.58 | -34.83 | -30.95 | 18.08 | -11.42 | -18.34 | 4.64 | -34.56 | -50.32 | 5.71 | -38.14 | -40.15 | 3.38 | -42.91 | -34.87 | 1.98 | -33.78 | -31.25 | 0.89 | -35.97 | -37.76 | 0.26 | 13.04 | -3.7 | 6.86 | -34.85 | -36.3 | 134.18 | 15.07 | 12.44 | 81.25 | 5.28 | -17.12 | 18.75 | -17.86 | 856.25 | 14.92 | -2.36 | 2.05 |
| 22Q1 (10) | 0.89 | -52.66 | 50.85 | 20.41 | -20.02 | -17.77 | 7.09 | -47.68 | -6.71 | 9.23 | -33.64 | 18.94 | 5.92 | -40.2 | 14.51 | 2.99 | -53.5 | 51.78 | 1.39 | -53.51 | 33.65 | 0.23 | -23.33 | 15.0 | 10.53 | -29.66 | 10.26 | 116.61 | 0.78 | 33.74 | 77.17 | -20.56 | -21.47 | 22.83 | 898.64 | 1223.91 | 15.28 | 20.6 | -18.29 |
| 21Q4 (9) | 1.88 | 795.24 | 74.07 | 25.52 | 91.45 | -9.86 | 13.55 | 665.54 | -6.62 | 13.91 | 365.22 | -7.39 | 9.90 | 673.44 | 12.63 | 6.43 | 780.82 | 83.19 | 2.99 | 779.41 | 67.98 | 0.30 | 15.38 | 50.0 | 14.97 | 259.86 | -11.21 | 115.71 | 0.56 | 18.39 | 97.14 | 63.61 | 0.64 | 2.29 | -94.37 | -34.29 | 12.67 | -2.99 | -40.18 |
| 21Q3 (8) | 0.21 | -75.0 | -80.37 | 13.33 | -39.79 | -52.27 | 1.77 | -81.05 | -88.43 | 2.99 | -68.66 | -80.51 | 1.28 | -75.34 | -84.74 | 0.73 | -74.65 | -81.93 | 0.34 | -76.22 | -81.42 | 0.26 | -3.7 | 23.81 | 4.16 | -61.37 | -75.7 | 115.07 | -3.58 | 15.62 | 59.38 | -39.44 | -40.14 | 40.62 | 1971.88 | 0 | 13.06 | -10.67 | -24.2 |
| 21Q2 (7) | 0.84 | 42.37 | -14.29 | 22.14 | -10.8 | -17.82 | 9.34 | 22.89 | -17.35 | 9.54 | 22.94 | -24.94 | 5.19 | 0.39 | -28.12 | 2.88 | 46.19 | -25.39 | 1.43 | 37.5 | -11.18 | 0.27 | 35.0 | 22.73 | 10.77 | 12.77 | -25.88 | 119.34 | 36.87 | -23.34 | 98.04 | -0.24 | 9.76 | 1.96 | 13.73 | -81.64 | 14.62 | -21.82 | -9.75 |
| 21Q1 (6) | 0.59 | -45.37 | 73.53 | 24.82 | -12.33 | 11.1 | 7.60 | -47.62 | 91.92 | 7.76 | -48.34 | 54.89 | 5.17 | -41.18 | 88.0 | 1.97 | -43.87 | 52.71 | 1.04 | -41.57 | 82.46 | 0.20 | 0.0 | 5.26 | 9.55 | -43.36 | 33.57 | 87.19 | -10.79 | -35.28 | 98.28 | 1.82 | 25.39 | 1.72 | -50.43 | -92.03 | 18.70 | -11.71 | -5.56 |
| 20Q4 (5) | 1.08 | 0.93 | 500.0 | 28.31 | 1.36 | 19.05 | 14.51 | -5.16 | 458.08 | 15.02 | -2.09 | 550.22 | 8.79 | 4.77 | 887.64 | 3.51 | -13.12 | 440.0 | 1.78 | -2.73 | 559.26 | 0.20 | -4.76 | -28.57 | 16.86 | -1.52 | 359.4 | 97.74 | -1.79 | -36.43 | 96.52 | -2.69 | -16.35 | 3.48 | 0 | 130.14 | 21.18 | 22.93 | 0 |
| 20Q3 (4) | 1.07 | 9.18 | 0.0 | 27.93 | 3.67 | 0.0 | 15.30 | 35.4 | 0.0 | 15.34 | 20.69 | 0.0 | 8.39 | 16.2 | 0.0 | 4.04 | 4.66 | 0.0 | 1.83 | 13.66 | 0.0 | 0.21 | -4.55 | 0.0 | 17.12 | 17.83 | 0.0 | 99.52 | -36.07 | 0.0 | 99.19 | 11.05 | 0.0 | 0.00 | -100.0 | 0.0 | 17.23 | 6.36 | 0.0 |
| 20Q2 (3) | 0.98 | 188.24 | 0.0 | 26.94 | 20.59 | 0.0 | 11.30 | 185.35 | 0.0 | 12.71 | 153.69 | 0.0 | 7.22 | 162.55 | 0.0 | 3.86 | 199.22 | 0.0 | 1.61 | 182.46 | 0.0 | 0.22 | 15.79 | 0.0 | 14.53 | 103.22 | 0.0 | 155.68 | 15.56 | 0.0 | 89.32 | 13.96 | 0.0 | 10.68 | -50.61 | 0.0 | 16.20 | -18.18 | 0.0 |
| 20Q1 (2) | 0.34 | 88.89 | 0.0 | 22.34 | -6.06 | 0.0 | 3.96 | 52.31 | 0.0 | 5.01 | 116.88 | 0.0 | 2.75 | 208.99 | 0.0 | 1.29 | 98.46 | 0.0 | 0.57 | 111.11 | 0.0 | 0.19 | -32.14 | 0.0 | 7.15 | 94.82 | 0.0 | 134.72 | -12.38 | 0.0 | 78.38 | -32.07 | 0.0 | 21.62 | 287.39 | 0.0 | 19.80 | 0 | 0.0 |
| 19Q4 (1) | 0.18 | 0.0 | 0.0 | 23.78 | 0.0 | 0.0 | 2.60 | 0.0 | 0.0 | 2.31 | 0.0 | 0.0 | 0.89 | 0.0 | 0.0 | 0.65 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 0.28 | 0.0 | 0.0 | 3.67 | 0.0 | 0.0 | 153.76 | 0.0 | 0.0 | 115.38 | 0.0 | 0.0 | -11.54 | 0.0 | 0.0 | 0.00 | 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) | 4.25 | -18.74 | 22.35 | 10.04 | 8.35 | -2.91 | 0.99 | 11.95 | 8.99 | -5.47 | 6.03 | -10.93 | 13.10 | -21.56 | 6.05 | -22.24 | 1.00 | -12.28 | 10.17 | -3.51 | 120.15 | 4.51 | 92.82 | 2.57 | 7.18 | -24.49 | 0.15 | -3.25 | 14.95 | 16.07 |
| 2022 (9) | 5.23 | 48.58 | 20.31 | -5.09 | 8.60 | 2.87 | 0.88 | -18.84 | 9.51 | 7.34 | 6.77 | 20.46 | 16.70 | 42.37 | 7.78 | 36.49 | 1.14 | 12.87 | 10.54 | 4.05 | 114.97 | -0.64 | 90.50 | -4.01 | 9.50 | 66.1 | 0.15 | -17.48 | 12.88 | -10.37 |
| 2021 (8) | 3.52 | 2.62 | 21.40 | -19.06 | 8.36 | -26.47 | 1.09 | -26.28 | 8.86 | -26.9 | 5.62 | -17.84 | 11.73 | -2.9 | 5.70 | 3.26 | 1.01 | 27.85 | 10.13 | -27.59 | 115.71 | 18.39 | 94.28 | 0.67 | 5.72 | -5.96 | 0.19 | -10.37 | 14.37 | -22.49 |
| 2020 (7) | 3.43 | -6.54 | 26.44 | 13.48 | 11.37 | 44.29 | 1.48 | 24.59 | 12.12 | 49.81 | 6.84 | 40.45 | 12.08 | -16.63 | 5.52 | 5.95 | 0.79 | -24.04 | 13.99 | 45.43 | 97.74 | -36.43 | 93.65 | -3.81 | 6.08 | 130.54 | 0.21 | -17.65 | 18.54 | 32.15 |
| 2019 (6) | 3.67 | 89.18 | 23.30 | 11.8 | 7.88 | 21.79 | 1.18 | 11.17 | 8.09 | 5.06 | 4.87 | -1.42 | 14.49 | 26.0 | 5.21 | 9.68 | 1.04 | 13.04 | 9.62 | 4.91 | 153.76 | -31.65 | 97.36 | 15.74 | 2.64 | -83.38 | 0.25 | -20.49 | 14.03 | -6.59 |
| 2018 (5) | 1.94 | -81.65 | 20.84 | -12.95 | 6.47 | -30.65 | 1.07 | -5.09 | 7.70 | -18.26 | 4.94 | -12.57 | 11.50 | -25.71 | 4.75 | -30.35 | 0.92 | -21.37 | 9.17 | -15.48 | 224.96 | 111.07 | 84.12 | -15.1 | 15.88 | 1630.74 | 0.32 | 0 | 15.02 | -0.79 |
| 2017 (4) | 10.57 | 94.3 | 23.94 | 19.28 | 9.33 | 65.43 | 1.12 | 249.14 | 9.42 | 75.75 | 5.65 | 93.49 | 15.48 | 0 | 6.82 | 0 | 1.17 | 0 | 10.85 | 79.04 | 106.58 | -55.86 | 99.08 | -5.64 | 0.92 | 0 | 0.00 | 0 | 15.14 | -5.14 |
| 2016 (3) | 5.44 | 0 | 20.07 | 0 | 5.64 | 0 | 0.32 | 0 | 5.36 | 0 | 2.92 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 6.06 | 0 | 241.45 | 0 | 105.00 | 0 | -5.00 | 0 | 0.00 | 0 | 15.96 | 0 |
