- 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) | 0.17 | -58.54 | -88.74 | 30.93 | -2.89 | 11.9 | 7.76 | -31.51 | -50.1 | 7.23 | -50.65 | -63.3 | 5.22 | -50.61 | -67.44 | 0.89 | -54.36 | -88.35 | 0.68 | -53.1 | -86.56 | 0.13 | -7.14 | -59.38 | 9.52 | -42.34 | -53.38 | 18.01 | -56.63 | -62.47 | 107.14 | 37.14 | 35.89 | -7.14 | -132.65 | -133.77 | 20.99 | 9.44 | 105.99 |
| 24Q2 (19) | 0.41 | -60.95 | -65.55 | 31.85 | 9.22 | 16.88 | 11.33 | -25.61 | -27.33 | 14.65 | -28.75 | -17.93 | 10.57 | -35.63 | -23.46 | 1.95 | -59.21 | -67.93 | 1.45 | -59.72 | -65.48 | 0.14 | -36.36 | -53.33 | 16.51 | -24.02 | -11.57 | 41.53 | 49.23 | -23.19 | 78.12 | 5.11 | -10.42 | 21.88 | -14.8 | 71.02 | 19.18 | 40.93 | 93.15 |
| 24Q1 (18) | 1.05 | 9.38 | 41.89 | 29.16 | -3.41 | -1.02 | 15.23 | -7.86 | 8.71 | 20.56 | 43.68 | 31.79 | 16.42 | 43.16 | 27.78 | 4.78 | 5.29 | 29.54 | 3.60 | 13.21 | 30.43 | 0.22 | -21.43 | 4.76 | 21.73 | 42.96 | 28.73 | 27.83 | -26.97 | -22.54 | 74.32 | -35.33 | -17.23 | 25.68 | 272.03 | 151.62 | 13.61 | 15.44 | 1.42 |
| 23Q4 (17) | 0.96 | -36.42 | 29.73 | 30.19 | 9.23 | 8.71 | 16.53 | 6.3 | 16.16 | 14.31 | -27.36 | 21.79 | 11.47 | -28.45 | 3.8 | 4.54 | -40.58 | 18.85 | 3.18 | -37.15 | 8.53 | 0.28 | -12.5 | 3.7 | 15.20 | -25.56 | 17.74 | 38.11 | -20.59 | 23.57 | 114.93 | 45.76 | -4.97 | -14.93 | -170.56 | 28.69 | 11.79 | 15.7 | 2.17 |
| 23Q3 (16) | 1.51 | 26.89 | 54.08 | 27.64 | 1.43 | -11.95 | 15.55 | -0.26 | 12.76 | 19.70 | 10.36 | -10.86 | 16.03 | 16.08 | -21.61 | 7.64 | 25.66 | 44.15 | 5.06 | 20.48 | 30.75 | 0.32 | 6.67 | 68.42 | 20.42 | 9.37 | -14.02 | 47.99 | -11.24 | 61.2 | 78.85 | -9.59 | 27.03 | 21.15 | 65.38 | -44.23 | 10.19 | 2.62 | -37.25 |
| 23Q2 (15) | 1.19 | 60.81 | 176.74 | 27.25 | -7.5 | -21.33 | 15.59 | 11.28 | 2.36 | 17.85 | 14.42 | 23.36 | 13.81 | 7.47 | 41.93 | 6.08 | 64.77 | 172.65 | 4.20 | 52.17 | 156.1 | 0.30 | 42.86 | 76.47 | 18.67 | 10.6 | 16.91 | 54.07 | 50.49 | 21.7 | 87.21 | -2.88 | -17.64 | 12.79 | 25.35 | 317.44 | 9.93 | -26.01 | -40.72 |
| 23Q1 (14) | 0.74 | 0.0 | 164.29 | 29.46 | 6.09 | 7.64 | 14.01 | -1.55 | 67.78 | 15.60 | 32.77 | 68.1 | 12.85 | 16.29 | 84.63 | 3.69 | -3.4 | 165.47 | 2.76 | -5.8 | 155.56 | 0.21 | -22.22 | 40.0 | 16.88 | 30.75 | 49.25 | 35.93 | 16.5 | 23.01 | 89.80 | -25.75 | 4.76 | 10.20 | 148.75 | 7.14 | 13.42 | 16.29 | -21.29 |
| 22Q4 (13) | 0.74 | -24.49 | 17.46 | 27.77 | -11.53 | -2.08 | 14.23 | 3.19 | 16.93 | 11.75 | -46.83 | -35.86 | 11.05 | -45.97 | -19.81 | 3.82 | -27.92 | 20.89 | 2.93 | -24.29 | 20.58 | 0.27 | 42.11 | 50.0 | 12.91 | -45.64 | -34.67 | 30.84 | 3.59 | 3.63 | 120.93 | 94.83 | 81.4 | -20.93 | -155.18 | -162.79 | 11.54 | -28.94 | -26.87 |
| 22Q3 (12) | 0.98 | 127.91 | 180.0 | 31.39 | -9.38 | 6.19 | 13.79 | -9.46 | 43.5 | 22.10 | 52.73 | 100.18 | 20.45 | 110.17 | 135.06 | 5.30 | 137.67 | 201.14 | 3.87 | 135.98 | 184.56 | 0.19 | 11.76 | 18.75 | 23.75 | 48.72 | 87.45 | 29.77 | -33.0 | -2.78 | 62.07 | -41.38 | -29.06 | 37.93 | 744.83 | 203.45 | 16.24 | -3.04 | -10.33 |
| 22Q2 (11) | 0.43 | 53.57 | -44.16 | 34.64 | 26.56 | 6.03 | 15.23 | 82.4 | 20.68 | 14.47 | 55.93 | -14.88 | 9.73 | 39.8 | -46.66 | 2.23 | 60.43 | -38.06 | 1.64 | 51.85 | -42.46 | 0.17 | 13.33 | 6.25 | 15.97 | 41.2 | -13.54 | 44.43 | 52.11 | 59.88 | 105.88 | 23.53 | 43.7 | -5.88 | -161.76 | -122.35 | 16.75 | -1.76 | -8.62 |
| 22Q1 (10) | 0.28 | -55.56 | -77.6 | 27.37 | -3.49 | -20.96 | 8.35 | -31.39 | -8.04 | 9.28 | -49.34 | -74.35 | 6.96 | -49.49 | -79.61 | 1.39 | -56.01 | -77.94 | 1.08 | -55.56 | -78.44 | 0.15 | -16.67 | 0.0 | 11.31 | -42.76 | -69.94 | 29.21 | -1.85 | 16.19 | 85.71 | 28.57 | 233.33 | 9.52 | -71.43 | -87.42 | 17.05 | 8.05 | -25.02 |
| 21Q4 (9) | 0.63 | 80.0 | -63.79 | 28.36 | -4.06 | -14.76 | 12.17 | 26.64 | 16.02 | 18.32 | 65.94 | -56.66 | 13.78 | 58.39 | -68.86 | 3.16 | 79.55 | -68.62 | 2.43 | 78.68 | -69.28 | 0.18 | 12.5 | 0.0 | 19.76 | 55.96 | -54.83 | 29.76 | -2.81 | 12.64 | 66.67 | -23.81 | 166.67 | 33.33 | 166.67 | -55.56 | 15.78 | -12.87 | -29.52 |
| 21Q3 (8) | 0.35 | -54.55 | 0.0 | 29.56 | -9.52 | -3.4 | 9.61 | -23.85 | 6.31 | 11.04 | -35.06 | -4.91 | 8.70 | -52.3 | -12.3 | 1.76 | -51.11 | -23.14 | 1.36 | -52.28 | -16.56 | 0.16 | 0.0 | 0.0 | 12.67 | -31.4 | -4.23 | 30.62 | 10.18 | 7.36 | 87.50 | 18.75 | 13.24 | 12.50 | -52.5 | -45.0 | 18.11 | -1.2 | -6.94 |
| 21Q2 (7) | 0.77 | -38.4 | 71.11 | 32.67 | -5.66 | -4.08 | 12.62 | 38.99 | -3.66 | 17.00 | -53.01 | 11.77 | 18.24 | -46.56 | 54.45 | 3.60 | -42.86 | 29.96 | 2.85 | -43.11 | 43.94 | 0.16 | 6.67 | -5.88 | 18.47 | -50.92 | 12.48 | 27.79 | 10.54 | -46.5 | 73.68 | 186.55 | -12.15 | 26.32 | -65.24 | 103.95 | 18.33 | -19.39 | 0 |
| 21Q1 (6) | 1.25 | -28.16 | 792.86 | 34.63 | 4.09 | 3.22 | 9.08 | -13.44 | -14.66 | 36.18 | -14.41 | 490.21 | 34.13 | -22.87 | 740.64 | 6.30 | -37.44 | 668.29 | 5.01 | -36.66 | 708.06 | 0.15 | -16.67 | 0.0 | 37.63 | -13.99 | 394.48 | 25.14 | -4.84 | -14.95 | 25.71 | 2.86 | -85.86 | 75.71 | 0.95 | 204.11 | 22.74 | 1.56 | 0 |
| 20Q4 (5) | 1.74 | 397.14 | 123.08 | 33.27 | 8.73 | 2.81 | 10.49 | 16.04 | -35.88 | 42.27 | 264.08 | 158.53 | 44.25 | 346.07 | 237.79 | 10.07 | 339.74 | 118.44 | 7.91 | 385.28 | 131.29 | 0.18 | 12.5 | -30.77 | 43.75 | 230.69 | 155.25 | 26.42 | -7.36 | -20.99 | 25.00 | -67.65 | -75.48 | 75.00 | 230.0 | 0 | 22.39 | 15.06 | 68.47 |
| 20Q3 (4) | 0.35 | -22.22 | 0.0 | 30.60 | -10.16 | 0.0 | 9.04 | -30.99 | 0.0 | 11.61 | -23.67 | 0.0 | 9.92 | -16.0 | 0.0 | 2.29 | -17.33 | 0.0 | 1.63 | -17.68 | 0.0 | 0.16 | -5.88 | 0.0 | 13.23 | -19.43 | 0.0 | 28.52 | -45.09 | 0.0 | 77.27 | -7.87 | 0.0 | 22.73 | 76.14 | 0.0 | 19.46 | 0 | 0.0 |
| 20Q2 (3) | 0.45 | 221.43 | 0.0 | 34.06 | 1.52 | 0.0 | 13.10 | 23.12 | 0.0 | 15.21 | 148.12 | 0.0 | 11.81 | 190.89 | 0.0 | 2.77 | 237.8 | 0.0 | 1.98 | 219.35 | 0.0 | 0.17 | 13.33 | 0.0 | 16.42 | 115.77 | 0.0 | 51.94 | 75.71 | 0.0 | 83.87 | -53.87 | 0.0 | 12.90 | 117.74 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.14 | -82.05 | 0.0 | 33.55 | 3.68 | 0.0 | 10.64 | -34.96 | 0.0 | 6.13 | -62.51 | 0.0 | 4.06 | -69.01 | 0.0 | 0.82 | -82.21 | 0.0 | 0.62 | -81.87 | 0.0 | 0.15 | -42.31 | 0.0 | 7.61 | -55.6 | 0.0 | 29.56 | -11.6 | 0.0 | 181.82 | 78.32 | 0.0 | -72.73 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.78 | 0.0 | 0.0 | 32.36 | 0.0 | 0.0 | 16.36 | 0.0 | 0.0 | 16.35 | 0.0 | 0.0 | 13.10 | 0.0 | 0.0 | 4.61 | 0.0 | 0.0 | 3.42 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 17.14 | 0.0 | 0.0 | 33.44 | 0.0 | 0.0 | 101.96 | 0.0 | 0.0 | -0.00 | 0.0 | 0.0 | 13.29 | 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) | 4.38 | 80.25 | 28.52 | -5.15 | 15.54 | 18.17 | 0.84 | -30.16 | 17.08 | 19.11 | 13.69 | 12.31 | 21.55 | 78.25 | 16.00 | 72.41 | 1.17 | 53.95 | 18.03 | 14.33 | 38.11 | 23.57 | 90.85 | -1.53 | 8.82 | 5.2 | 0.30 | -30.11 | 11.10 | -25.7 |
| 2022 (9) | 2.43 | -17.35 | 30.07 | -3.34 | 13.15 | 19.98 | 1.20 | 6.01 | 14.34 | -28.62 | 12.19 | -32.61 | 12.09 | -20.15 | 9.28 | -21.42 | 0.76 | 16.92 | 15.77 | -26.62 | 30.84 | 3.63 | 92.26 | 69.3 | 8.39 | -81.57 | 0.43 | 24.72 | 14.94 | -19.37 |
| 2021 (8) | 2.94 | 9.29 | 31.11 | -5.41 | 10.96 | 1.01 | 1.13 | -11.65 | 20.09 | 3.5 | 18.09 | -0.39 | 15.14 | 1.88 | 11.81 | 3.14 | 0.65 | 3.17 | 21.49 | 3.62 | 29.76 | 12.64 | 54.49 | -2.55 | 45.51 | 3.24 | 0.34 | 44.18 | 18.53 | -5.65 |
| 2020 (7) | 2.69 | -15.14 | 32.89 | -1.29 | 10.85 | -33.68 | 1.28 | 79.26 | 19.41 | 9.04 | 18.16 | 21.63 | 14.86 | -22.32 | 11.45 | -19.65 | 0.63 | -33.68 | 20.74 | 11.69 | 26.42 | -20.99 | 55.92 | -39.19 | 44.08 | 448.23 | 0.24 | -2.7 | 19.64 | 30.07 |
| 2019 (6) | 3.17 | 42.79 | 33.32 | 4.13 | 16.36 | 19.16 | 0.71 | 58.04 | 17.80 | 16.57 | 14.93 | 14.32 | 19.13 | 38.12 | 14.25 | 36.36 | 0.95 | 18.75 | 18.57 | 17.38 | 33.44 | -4.46 | 91.96 | 1.76 | 8.04 | -22.47 | 0.25 | -31.07 | 15.10 | -10.86 |
| 2018 (5) | 2.22 | -6.72 | 32.00 | 7.56 | 13.73 | -7.73 | 0.45 | -3.64 | 15.27 | 9.54 | 13.06 | 11.72 | 13.85 | -6.55 | 10.45 | -8.73 | 0.80 | -18.37 | 15.82 | 9.48 | 35.00 | 16.67 | 90.37 | -15.31 | 10.37 | 0 | 0.36 | 0 | 16.94 | 23.56 |
| 2017 (4) | 2.38 | -8.11 | 29.75 | 18.9 | 14.88 | 8.77 | 0.47 | 31.33 | 13.94 | 14.36 | 11.69 | 18.56 | 14.82 | -10.4 | 11.45 | -5.92 | 0.98 | -20.33 | 14.45 | 13.69 | 30.00 | 4.17 | 106.71 | -4.96 | -6.71 | 0 | 0.00 | 0 | 13.71 | 27.89 |
| 2016 (3) | 2.59 | -26.21 | 25.02 | 6.65 | 13.68 | 6.96 | 0.36 | -4.23 | 12.19 | -11.92 | 9.86 | -12.59 | 16.54 | -29.8 | 12.17 | -28.75 | 1.23 | -18.54 | 12.71 | -11.86 | 28.80 | -33.38 | 112.28 | 21.55 | -12.28 | 0 | 0.00 | 0 | 10.72 | 7.63 |
| 2015 (2) | 3.51 | 74.63 | 23.46 | -5.48 | 12.79 | 24.78 | 0.37 | -43.75 | 13.84 | 16.69 | 11.28 | 14.87 | 23.56 | 51.12 | 17.08 | 51.82 | 1.51 | 31.3 | 14.42 | 11.96 | 43.23 | 35.35 | 92.38 | 6.92 | 7.62 | -43.95 | 0.00 | 0 | 9.96 | -27.41 |
| 2014 (1) | 2.01 | 58.27 | 24.82 | 0 | 10.25 | 0 | 0.66 | -28.03 | 11.86 | 0 | 9.82 | 0 | 15.59 | 0 | 11.25 | 0 | 1.15 | 21.05 | 12.88 | 17.95 | 31.94 | -31.37 | 86.40 | -17.01 | 13.60 | 0 | 0.00 | 0 | 13.72 | -10.21 |
