- 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) | 1.00 | -33.33 | -34.64 | 3.27 | -3.82 | -28.6 | 2.30 | -11.88 | -26.52 | 1.27 | -30.22 | -50.2 | 0.99 | -22.66 | -49.23 | 3.11 | -36.14 | -38.9 | 1.57 | -20.71 | -31.14 | 0.87 | -14.71 | 1.16 | 2.33 | -13.7 | -33.05 | 246.77 | -10.04 | 36.23 | 181.10 | 26.54 | 48.01 | -81.10 | -87.75 | -262.83 | 0.36 | 16.13 | -46.27 |
| 24Q2 (19) | 1.50 | 64.84 | 29.31 | 3.40 | 5.26 | -15.0 | 2.61 | 13.48 | 2.76 | 1.82 | 22.97 | -6.67 | 1.28 | 23.08 | -7.91 | 4.87 | 51.24 | 23.6 | 1.98 | 20.0 | 15.12 | 1.02 | 7.37 | 18.6 | 2.70 | 12.03 | -2.88 | 274.31 | -0.31 | 19.44 | 143.11 | -7.64 | 10.0 | -43.19 | 21.4 | -43.45 | 0.31 | -18.42 | -35.42 |
| 24Q1 (18) | 0.91 | -47.7 | 160.0 | 3.23 | -31.42 | -2.42 | 2.30 | -33.91 | 4.55 | 1.48 | -40.8 | 43.69 | 1.04 | -43.78 | 20.93 | 3.22 | -36.24 | 107.74 | 1.65 | -32.65 | 65.0 | 0.95 | -2.06 | 69.64 | 2.41 | -29.12 | 6.17 | 275.15 | 52.65 | 18.33 | 154.95 | 11.55 | -27.78 | -54.95 | -41.22 | 52.04 | 0.38 | -13.64 | -41.54 |
| 23Q4 (17) | 1.74 | 13.73 | 335.0 | 4.71 | 2.84 | 62.98 | 3.48 | 11.18 | 163.64 | 2.50 | -1.96 | 6350.0 | 1.85 | -5.13 | 780.95 | 5.05 | -0.79 | 910.0 | 2.45 | 7.46 | 226.67 | 0.97 | 12.79 | 38.57 | 3.40 | -2.3 | 209.09 | 180.25 | -0.49 | -14.05 | 138.91 | 13.54 | 104.43 | -38.91 | -74.1 | -101.2 | 0.44 | -34.33 | -4.35 |
| 23Q3 (16) | 1.53 | 31.9 | 50.0 | 4.58 | 14.5 | 39.63 | 3.13 | 23.23 | 73.89 | 2.55 | 30.77 | 67.76 | 1.95 | 40.29 | 66.67 | 5.09 | 29.19 | 66.34 | 2.28 | 32.56 | 85.37 | 0.86 | 0.0 | 30.3 | 3.48 | 25.18 | 42.04 | 181.14 | -21.13 | -35.69 | 122.35 | -5.96 | 3.13 | -22.35 | 25.77 | -19.9 | 0.67 | 39.58 | 31.37 |
| 23Q2 (15) | 1.16 | 231.43 | -29.7 | 4.00 | 20.85 | 4.44 | 2.54 | 15.45 | -5.93 | 1.95 | 89.32 | -13.72 | 1.39 | 61.63 | -13.13 | 3.94 | 154.19 | -25.66 | 1.72 | 72.0 | 10.97 | 0.86 | 53.57 | 8.86 | 2.78 | 22.47 | 0.0 | 229.66 | -1.23 | -26.81 | 130.11 | -39.36 | 9.16 | -30.11 | 73.72 | -56.88 | 0.48 | -26.15 | 17.07 |
| 23Q1 (14) | 0.35 | -12.5 | -83.25 | 3.31 | 14.53 | -4.34 | 2.20 | 66.67 | -13.73 | 1.03 | 2675.0 | -54.02 | 0.86 | 309.52 | -48.19 | 1.55 | 210.0 | -78.97 | 1.00 | 33.33 | -45.65 | 0.56 | -20.0 | -42.86 | 2.27 | 106.36 | -10.98 | 232.52 | 10.88 | -29.09 | 214.57 | 106.85 | 88.33 | -114.57 | -103.54 | -727.13 | 0.65 | 41.3 | 91.18 |
| 22Q4 (13) | 0.40 | -60.78 | -76.05 | 2.89 | -11.89 | -1.37 | 1.32 | -26.67 | -36.84 | -0.04 | -102.63 | -102.06 | 0.21 | -82.05 | -85.21 | 0.50 | -83.66 | -92.06 | 0.75 | -39.02 | -50.0 | 0.70 | 6.06 | -24.73 | 1.10 | -55.1 | -50.45 | 209.71 | -25.55 | -45.12 | -3133.33 | -2741.02 | -3005.4 | 3240.00 | 17480.93 | 41929.23 | 0.46 | -9.8 | 31.43 |
| 22Q3 (12) | 1.02 | -38.18 | -43.33 | 3.28 | -14.36 | -1.5 | 1.80 | -33.33 | -18.55 | 1.52 | -32.74 | -25.85 | 1.17 | -26.88 | -23.03 | 3.06 | -42.26 | -58.7 | 1.23 | -20.65 | -29.31 | 0.66 | -16.46 | -35.92 | 2.45 | -11.87 | 6.52 | 281.67 | -10.24 | -24.78 | 118.64 | -0.46 | 10.07 | -18.64 | 2.88 | -139.52 | 0.51 | 24.39 | 37.84 |
| 22Q2 (11) | 1.65 | -21.05 | -17.5 | 3.83 | 10.69 | 4.64 | 2.70 | 5.88 | 8.0 | 2.26 | 0.89 | 2.26 | 1.60 | -3.61 | -6.98 | 5.30 | -28.09 | -44.15 | 1.55 | -15.76 | -24.39 | 0.79 | -19.39 | -27.52 | 2.78 | 9.02 | 13.01 | 313.79 | -4.31 | -15.91 | 119.19 | 4.62 | 5.28 | -19.19 | -38.57 | -45.26 | 0.41 | 20.59 | -18.0 |
| 22Q1 (10) | 2.09 | 25.15 | 29.01 | 3.46 | 18.09 | 24.46 | 2.55 | 22.01 | 42.46 | 2.24 | 15.46 | 25.84 | 1.66 | 16.9 | 22.06 | 7.37 | 16.98 | -8.33 | 1.84 | 22.67 | 3.37 | 0.98 | 5.38 | -16.24 | 2.55 | 14.86 | 25.62 | 327.93 | -14.18 | -27.54 | 113.93 | 5.64 | 12.92 | -13.85 | -78.82 | -1449.59 | 0.34 | -2.86 | -2.86 |
| 21Q4 (9) | 1.67 | -7.22 | 21.9 | 2.93 | -12.01 | 9.74 | 2.09 | -5.43 | 17.42 | 1.94 | -5.37 | 2.11 | 1.42 | -6.58 | -5.33 | 6.30 | -14.98 | -10.89 | 1.50 | -13.79 | -19.79 | 0.93 | -9.71 | -15.45 | 2.22 | -3.48 | 1.37 | 382.13 | 2.05 | 5.2 | 107.85 | 0.06 | 14.9 | -7.75 | 0.48 | -223.45 | 0.35 | -5.41 | -10.26 |
| 21Q3 (8) | 1.80 | -10.0 | 50.0 | 3.33 | -9.02 | 16.84 | 2.21 | -11.6 | 18.82 | 2.05 | -7.24 | 10.22 | 1.52 | -11.63 | 3.4 | 7.41 | -21.92 | 16.69 | 1.74 | -15.12 | -2.79 | 1.03 | -5.5 | -3.74 | 2.30 | -6.5 | 5.5 | 374.47 | 0.35 | 29.72 | 107.78 | -4.8 | 8.11 | -7.78 | 41.09 | -2660.54 | 0.37 | -26.0 | 8.82 |
| 21Q2 (7) | 2.00 | 23.46 | 127.27 | 3.66 | 31.65 | 37.08 | 2.50 | 39.66 | 56.25 | 2.21 | 24.16 | 31.55 | 1.72 | 26.47 | 30.3 | 9.49 | 18.03 | 89.8 | 2.05 | 15.17 | 41.38 | 1.09 | -6.84 | 22.47 | 2.46 | 21.18 | 14.95 | 373.15 | -17.55 | 15.4 | 113.21 | 12.21 | 18.96 | -13.21 | -1378.14 | -362.66 | 0.50 | 42.86 | 0 |
| 21Q1 (6) | 1.62 | 18.25 | 110.39 | 2.78 | 4.12 | 19.31 | 1.79 | 0.56 | 21.77 | 1.78 | -6.32 | 40.16 | 1.36 | -9.33 | 37.37 | 8.04 | 13.72 | 103.03 | 1.78 | -4.81 | 27.14 | 1.17 | 6.36 | 11.43 | 2.03 | -7.31 | 15.34 | 452.56 | 24.59 | 38.12 | 100.89 | 7.5 | -12.52 | -0.89 | -114.25 | 94.17 | 0.35 | -10.26 | 0.0 |
| 20Q4 (5) | 1.37 | 14.17 | 52.22 | 2.67 | -6.32 | -3.96 | 1.78 | -4.3 | 0.0 | 1.90 | 2.15 | 18.01 | 1.50 | 2.04 | 17.19 | 7.07 | 11.34 | 43.7 | 1.87 | 4.47 | 5.06 | 1.10 | 2.8 | 1.85 | 2.19 | 0.46 | 2.34 | 363.24 | 25.83 | 50.93 | 93.86 | -5.86 | -15.17 | 6.27 | 1964.31 | 158.98 | 0.39 | 14.71 | -2.5 |
| 20Q3 (4) | 1.20 | 36.36 | 0.0 | 2.85 | 6.74 | 0.0 | 1.86 | 16.25 | 0.0 | 1.86 | 10.71 | 0.0 | 1.47 | 11.36 | 0.0 | 6.35 | 27.0 | 0.0 | 1.79 | 23.45 | 0.0 | 1.07 | 20.22 | 0.0 | 2.18 | 1.87 | 0.0 | 288.67 | -10.73 | 0.0 | 99.70 | 4.75 | 0.0 | 0.30 | -93.96 | 0.0 | 0.34 | 0 | 0.0 |
| 20Q2 (3) | 0.88 | 14.29 | 0.0 | 2.67 | 14.59 | 0.0 | 1.60 | 8.84 | 0.0 | 1.68 | 32.28 | 0.0 | 1.32 | 33.33 | 0.0 | 5.00 | 26.26 | 0.0 | 1.45 | 3.57 | 0.0 | 0.89 | -15.24 | 0.0 | 2.14 | 21.59 | 0.0 | 323.36 | -1.31 | 0.0 | 95.17 | -17.48 | 0.0 | 5.03 | 132.82 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.77 | -14.44 | 0.0 | 2.33 | -16.19 | 0.0 | 1.47 | -17.42 | 0.0 | 1.27 | -21.12 | 0.0 | 0.99 | -22.66 | 0.0 | 3.96 | -19.51 | 0.0 | 1.40 | -21.35 | 0.0 | 1.05 | -2.78 | 0.0 | 1.76 | -17.76 | 0.0 | 327.66 | 36.14 | 0.0 | 115.33 | 4.24 | 0.0 | -15.33 | -44.09 | 0.0 | 0.35 | -12.5 | 0.0 |
| 19Q4 (1) | 0.90 | 0.0 | 0.0 | 2.78 | 0.0 | 0.0 | 1.78 | 0.0 | 0.0 | 1.61 | 0.0 | 0.0 | 1.28 | 0.0 | 0.0 | 4.92 | 0.0 | 0.0 | 1.78 | 0.0 | 0.0 | 1.08 | 0.0 | 0.0 | 2.14 | 0.0 | 0.0 | 240.67 | 0.0 | 0.0 | 110.64 | 0.0 | 0.0 | -10.64 | 0.0 | 0.0 | 0.40 | 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) | 4.70 | -8.91 | 4.27 | 25.59 | 2.94 | 35.48 | 0.06 | 23.1 | 2.14 | 32.1 | 1.60 | 29.03 | 14.67 | -9.05 | 7.20 | 23.71 | 3.12 | -7.14 | 3.08 | 34.5 | 180.25 | -14.05 | 137.59 | 2.65 | -37.59 | 0 | 0.17 | -12.64 | 0.55 | 30.95 |
| 2022 (9) | 5.16 | -26.5 | 3.40 | 6.92 | 2.17 | 0.93 | 0.05 | 16.95 | 1.62 | -19.0 | 1.24 | -17.88 | 16.13 | -46.55 | 5.82 | -18.03 | 3.36 | -20.57 | 2.29 | 1.33 | 209.71 | -45.12 | 134.04 | 24.34 | -34.04 | 0 | 0.19 | 42.81 | 0.42 | 7.69 |
| 2021 (8) | 7.02 | 66.35 | 3.18 | 20.45 | 2.15 | 27.22 | 0.04 | -30.7 | 2.00 | 17.65 | 1.51 | 13.53 | 30.18 | 41.49 | 7.10 | 12.52 | 4.23 | 6.55 | 2.26 | 8.65 | 382.13 | 5.2 | 107.80 | 8.31 | -7.80 | 0 | 0.13 | -32.95 | 0.39 | 5.41 |
| 2020 (7) | 4.22 | 23.75 | 2.64 | -12.0 | 1.69 | -4.52 | 0.06 | -20.2 | 1.70 | 1.8 | 1.33 | 3.1 | 21.33 | 23.65 | 6.31 | -3.22 | 3.97 | 5.03 | 2.08 | -9.17 | 363.24 | 50.93 | 99.53 | -6.2 | 0.47 | 0 | 0.20 | -48.19 | 0.37 | -9.76 |
| 2019 (6) | 3.41 | -11.43 | 3.00 | 11.94 | 1.77 | 1.72 | 0.07 | 897.46 | 1.67 | 16.78 | 1.29 | 17.27 | 17.25 | -11.31 | 6.52 | -15.21 | 3.78 | -22.22 | 2.29 | 11.17 | 240.67 | -9.37 | 106.11 | -12.85 | -6.06 | 0 | 0.39 | -20.98 | 0.41 | 20.59 |
| 2018 (5) | 3.85 | -2.53 | 2.68 | -2.19 | 1.74 | -1.69 | 0.01 | -28.07 | 1.43 | -11.73 | 1.10 | -14.06 | 19.45 | -6.94 | 7.69 | 11.94 | 4.86 | 16.55 | 2.06 | -1.9 | 265.56 | 2.08 | 121.76 | 11.17 | -21.71 | 0 | 0.49 | 0 | 0.34 | -10.53 |
| 2017 (4) | 3.95 | 6.76 | 2.74 | -1.44 | 1.77 | 4.73 | 0.01 | 8.9 | 1.62 | 3.18 | 1.28 | 9.4 | 20.90 | 1.85 | 6.87 | 1.63 | 4.17 | -13.49 | 2.10 | 11.11 | 260.16 | -20.32 | 109.52 | 2.01 | -9.52 | 0 | 0.00 | 0 | 0.38 | -2.56 |
| 2016 (3) | 3.70 | 208.33 | 2.78 | 42.56 | 1.69 | 141.43 | 0.01 | -30.65 | 1.57 | 124.29 | 1.17 | 108.93 | 20.52 | 143.42 | 6.76 | 64.88 | 4.82 | -8.02 | 1.89 | 85.29 | 326.51 | 81.1 | 107.37 | 6.18 | -7.42 | 0 | 0.00 | 0 | 0.39 | -17.02 |
| 2015 (2) | 1.20 | -6.98 | 1.95 | -26.42 | 0.70 | 0.0 | 0.01 | -33.63 | 0.70 | -19.54 | 0.56 | -17.65 | 8.43 | 0.12 | 4.10 | 4.06 | 5.24 | 20.46 | 1.02 | -15.7 | 180.29 | -7.19 | 101.12 | 25.06 | -1.12 | 0 | 0.00 | 0 | 0.47 | -24.19 |
| 2014 (1) | 1.29 | 89.71 | 2.65 | 0 | 0.70 | 0 | 0.02 | -42.03 | 0.87 | 0 | 0.68 | 0 | 8.42 | 0 | 3.94 | 0 | 4.35 | 32.22 | 1.21 | 34.44 | 194.26 | 11.83 | 80.86 | -30.46 | 18.92 | 0 | 0.00 | 0 | 0.62 | -32.61 |
