- 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) | 1.21 | 19.8 | 21.0 | 44.39 | 2.9 | 15.18 | 21.38 | 12.17 | 34.04 | 24.35 | 21.63 | 17.41 | 19.12 | 25.21 | 15.18 | 3.46 | 22.26 | 27.68 | 1.86 | 26.53 | 48.8 | 0.09 | 0.0 | 28.57 | 43.98 | 15.62 | 6.51 | 91.45 | -9.56 | -7.41 | 87.55 | -8.09 | 13.96 | 12.03 | 154.03 | -48.07 | 26.16 | 1.71 | -17.76 |
| 24Q2 (19) | 1.01 | 119.57 | 165.79 | 43.14 | 26.18 | 6.57 | 19.06 | 103.85 | 19.87 | 20.02 | 80.36 | 189.31 | 15.27 | 78.6 | 188.66 | 2.83 | 119.38 | 169.52 | 1.47 | 104.17 | 162.5 | 0.09 | 28.57 | 28.57 | 38.04 | 11.2 | 33.05 | 101.12 | -8.79 | -38.9 | 95.26 | 14.05 | -58.74 | 4.74 | -69.03 | 103.62 | 25.72 | -11.58 | -8.57 |
| 24Q1 (18) | 0.46 | -47.13 | -61.67 | 34.19 | -21.33 | -19.0 | 9.35 | -51.17 | -59.03 | 11.10 | -37.5 | -48.49 | 8.55 | -36.95 | -48.68 | 1.29 | -40.28 | -67.09 | 0.72 | -39.5 | -52.32 | 0.07 | -12.5 | -12.5 | 34.21 | -11.4 | -18.04 | 110.87 | 14.42 | -41.86 | 83.53 | -22.74 | -20.89 | 15.29 | 288.63 | 348.88 | 29.09 | 6.21 | -0.99 |
| 23Q4 (17) | 0.87 | -13.0 | -44.59 | 43.46 | 12.77 | -0.16 | 19.15 | 20.06 | -30.72 | 17.76 | -14.37 | -23.94 | 13.56 | -18.31 | -25.62 | 2.16 | -20.3 | -58.78 | 1.19 | -4.8 | -37.04 | 0.08 | 14.29 | -11.11 | 38.61 | -6.49 | -4.26 | 96.90 | -1.89 | -52.75 | 108.11 | 40.71 | -8.77 | -8.11 | -134.99 | 56.18 | 27.39 | -13.9 | 21.46 |
| 23Q3 (16) | 1.00 | 163.16 | -40.83 | 38.54 | -4.79 | -14.56 | 15.95 | 0.31 | -41.3 | 20.74 | 199.71 | -21.32 | 16.60 | 213.8 | -18.83 | 2.71 | 158.1 | -54.38 | 1.25 | 123.21 | -36.87 | 0.07 | 0.0 | -22.22 | 41.29 | 44.42 | -7.69 | 98.77 | -40.32 | -52.77 | 76.83 | -66.73 | -25.35 | 23.17 | 117.7 | 894.43 | 31.81 | 13.08 | 21.92 |
| 23Q2 (15) | 0.38 | -68.33 | -78.41 | 40.48 | -4.1 | -15.51 | 15.90 | -30.32 | -49.48 | 6.92 | -67.89 | -75.29 | 5.29 | -68.25 | -74.42 | 1.05 | -73.21 | -82.08 | 0.56 | -62.91 | -72.55 | 0.07 | -12.5 | -22.22 | 28.59 | -31.5 | -35.95 | 165.50 | -13.21 | -32.67 | 230.91 | 118.69 | 105.25 | -130.91 | -2030.25 | -947.27 | 28.13 | -4.25 | 11.45 |
| 23Q1 (14) | 1.20 | -23.57 | -55.72 | 42.21 | -3.03 | -14.59 | 22.82 | -17.44 | -32.18 | 21.55 | -7.71 | -43.27 | 16.66 | -8.61 | -43.56 | 3.92 | -25.19 | -54.42 | 1.51 | -20.11 | -51.91 | 0.08 | -11.11 | -20.0 | 41.74 | 3.5 | -19.67 | 190.69 | -7.02 | 9.05 | 105.59 | -10.9 | 19.48 | -6.15 | 66.79 | -154.05 | 29.38 | 30.29 | 26.26 |
| 22Q4 (13) | 1.57 | -7.1 | -36.44 | 43.53 | -3.5 | -17.88 | 27.64 | 1.73 | -23.18 | 23.35 | -11.42 | -37.03 | 18.23 | -10.86 | -38.76 | 5.24 | -11.78 | -39.91 | 1.89 | -4.55 | -36.58 | 0.09 | 0.0 | -10.0 | 40.33 | -9.84 | -22.07 | 205.09 | -1.94 | 4.9 | 118.50 | 15.14 | 22.1 | -18.50 | -534.36 | -727.22 | 22.55 | -13.57 | -4.85 |
| 22Q3 (12) | 1.69 | -3.98 | -14.21 | 45.11 | -5.84 | -12.01 | 27.17 | -13.66 | -21.86 | 26.36 | -5.86 | -21.27 | 20.45 | -1.11 | -22.68 | 5.94 | 1.37 | -22.05 | 1.98 | -2.94 | -19.51 | 0.09 | 0.0 | 0.0 | 44.73 | 0.2 | -9.87 | 209.14 | -14.92 | -3.35 | 102.92 | -8.52 | -0.69 | -2.92 | 76.67 | 27.08 | 26.09 | 3.37 | 12.31 |
| 22Q2 (11) | 1.76 | -35.06 | -15.79 | 47.91 | -3.06 | -8.53 | 31.47 | -6.48 | -14.51 | 28.00 | -26.3 | -21.63 | 20.68 | -29.95 | -26.33 | 5.86 | -31.86 | -21.97 | 2.04 | -35.03 | -24.44 | 0.09 | -10.0 | 0.0 | 44.64 | -14.09 | -13.64 | 245.81 | 40.57 | 4.37 | 112.50 | 27.3 | 9.18 | -12.50 | -209.94 | -311.11 | 25.24 | 8.47 | 9.79 |
| 22Q1 (10) | 2.71 | 9.72 | 38.97 | 49.42 | -6.77 | -5.33 | 33.65 | -6.48 | -7.04 | 37.99 | 2.45 | 11.9 | 29.52 | -0.84 | 8.21 | 8.60 | -1.38 | 33.13 | 3.14 | 5.37 | 23.14 | 0.10 | 0.0 | 11.11 | 51.96 | 0.41 | 2.63 | 174.87 | -10.56 | 14.2 | 88.37 | -8.94 | -17.17 | 11.37 | 285.43 | 269.91 | 23.27 | -1.81 | -1.98 |
| 21Q4 (9) | 2.47 | 25.38 | -4.63 | 53.01 | 3.39 | -6.46 | 35.98 | 3.48 | -13.47 | 37.08 | 10.75 | -17.93 | 29.77 | 12.55 | -17.03 | 8.72 | 14.44 | -8.11 | 2.98 | 21.14 | -19.46 | 0.10 | 11.11 | 0.0 | 51.75 | 4.27 | -14.04 | 195.51 | -9.65 | 10.68 | 97.05 | -6.36 | 5.48 | 2.95 | 173.75 | -63.08 | 23.70 | 2.02 | 12.8 |
| 21Q3 (8) | 1.97 | -5.74 | -11.26 | 51.27 | -2.12 | -13.16 | 34.77 | -5.54 | -19.23 | 33.48 | -6.3 | -19.79 | 26.45 | -5.77 | -19.68 | 7.62 | 1.46 | -16.72 | 2.46 | -8.89 | -33.15 | 0.09 | 0.0 | -18.18 | 49.63 | -3.99 | -12.5 | 216.38 | -8.12 | 44.69 | 103.64 | 0.58 | 0.75 | -4.00 | -31.56 | -25.6 | 23.23 | 1.04 | 1.62 |
| 21Q2 (7) | 2.09 | 7.18 | 1.95 | 52.38 | 0.34 | -10.93 | 36.81 | 1.69 | -12.77 | 35.73 | 5.24 | -15.81 | 28.07 | 2.9 | -16.08 | 7.51 | 16.25 | -4.57 | 2.70 | 5.88 | -25.82 | 0.09 | 0.0 | -18.18 | 51.69 | 2.09 | -12.57 | 235.51 | 53.8 | 44.69 | 103.04 | -3.42 | 3.75 | -3.04 | 54.56 | -542.4 | 22.99 | -3.16 | -2.5 |
| 21Q1 (6) | 1.95 | -24.71 | -4.88 | 52.20 | -7.89 | -14.79 | 36.20 | -12.94 | -18.83 | 33.95 | -24.86 | -24.71 | 27.28 | -23.97 | -20.61 | 6.46 | -31.93 | -11.26 | 2.55 | -31.08 | -34.95 | 0.09 | -10.0 | -18.18 | 50.63 | -15.9 | -13.63 | 153.13 | -13.31 | 75.51 | 106.69 | 15.96 | 8.13 | -6.69 | -183.76 | -771.38 | 23.74 | 12.99 | -2.74 |
| 20Q4 (5) | 2.59 | 16.67 | 8.82 | 56.67 | -4.01 | -9.18 | 41.58 | -3.41 | -11.34 | 45.18 | 8.24 | -1.85 | 35.88 | 8.96 | -4.12 | 9.49 | 3.72 | 4.06 | 3.70 | 0.54 | -22.43 | 0.10 | -9.09 | -23.08 | 60.20 | 6.14 | 2.02 | 176.64 | 18.11 | 92.29 | 92.01 | -10.55 | -9.65 | 7.99 | 350.85 | 535.4 | 21.01 | -8.09 | -3.27 |
| 20Q3 (4) | 2.22 | 8.29 | 0.0 | 59.04 | 0.39 | 0.0 | 43.05 | 2.01 | 0.0 | 41.74 | -1.65 | 0.0 | 32.93 | -1.55 | 0.0 | 9.15 | 16.26 | 0.0 | 3.68 | 1.1 | 0.0 | 0.11 | 0.0 | 0.0 | 56.72 | -4.06 | 0.0 | 149.55 | -8.12 | 0.0 | 102.87 | 3.58 | 0.0 | -3.18 | -563.38 | 0.0 | 22.86 | -3.05 | 0.0 |
| 20Q2 (3) | 2.05 | 0.0 | 0.0 | 58.81 | -4.0 | 0.0 | 42.20 | -5.38 | 0.0 | 42.44 | -5.88 | 0.0 | 33.45 | -2.65 | 0.0 | 7.87 | 8.1 | 0.0 | 3.64 | -7.14 | 0.0 | 0.11 | 0.0 | 0.0 | 59.12 | 0.85 | 0.0 | 162.77 | 86.56 | 0.0 | 99.31 | 0.65 | 0.0 | 0.69 | -31.04 | 0.0 | 23.58 | -3.4 | 0.0 |
| 20Q1 (2) | 2.05 | -13.87 | 0.0 | 61.26 | -1.83 | 0.0 | 44.60 | -4.9 | 0.0 | 45.09 | -2.04 | 0.0 | 34.36 | -8.18 | 0.0 | 7.28 | -20.18 | 0.0 | 3.92 | -17.82 | 0.0 | 0.11 | -15.38 | 0.0 | 58.62 | -0.66 | 0.0 | 87.25 | -5.02 | 0.0 | 98.67 | -3.11 | 0.0 | 1.00 | 154.32 | 0.0 | 24.41 | 12.38 | 0.0 |
| 19Q4 (1) | 2.38 | 0.0 | 0.0 | 62.40 | 0.0 | 0.0 | 46.90 | 0.0 | 0.0 | 46.03 | 0.0 | 0.0 | 37.42 | 0.0 | 0.0 | 9.12 | 0.0 | 0.0 | 4.77 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 59.01 | 0.0 | 0.0 | 91.86 | 0.0 | 0.0 | 101.83 | 0.0 | 0.0 | -1.83 | 0.0 | 0.0 | 21.72 | 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 | -55.96 | 41.21 | -11.45 | 18.51 | -38.42 | 16.58 | 30.03 | 16.78 | -42.3 | 13.06 | -41.54 | 9.76 | -61.71 | 4.63 | -49.01 | 0.31 | -18.42 | 37.58 | -17.42 | 96.90 | -52.75 | 110.24 | 6.71 | -10.24 | 0 | 7.76 | -5.26 | 29.15 | 20.26 |
| 2022 (9) | 7.72 | -8.85 | 46.54 | -10.91 | 30.06 | -16.36 | 12.75 | 10.22 | 29.08 | -17.22 | 22.34 | -20.07 | 25.49 | -11.18 | 9.08 | -13.19 | 0.38 | 5.56 | 45.51 | -10.62 | 205.09 | 4.9 | 103.31 | 0.91 | -3.40 | 0 | 8.19 | -4.11 | 24.24 | 3.5 |
| 2021 (8) | 8.47 | -4.94 | 52.24 | -11.22 | 35.94 | -16.03 | 11.57 | 13.61 | 35.13 | -19.48 | 27.95 | -18.25 | 28.70 | -9.26 | 10.46 | -24.04 | 0.36 | -7.69 | 50.92 | -13.24 | 195.51 | 10.68 | 102.38 | 4.35 | -2.29 | 0 | 8.54 | -14.19 | 23.42 | 2.4 |
| 2020 (7) | 8.91 | 0.0 | 58.84 | -4.9 | 42.80 | -6.49 | 10.18 | 10.7 | 43.63 | -7.56 | 34.19 | -9.79 | 31.63 | -6.31 | 13.77 | -29.67 | 0.39 | -23.53 | 58.69 | -2.12 | 176.64 | 92.29 | 98.11 | 1.22 | 1.89 | -36.72 | 9.96 | 101.79 | 22.87 | -1.76 |
| 2019 (6) | 8.91 | 20.73 | 61.87 | -3.1 | 45.77 | -0.54 | 9.20 | 20.78 | 47.20 | -0.3 | 37.90 | 1.55 | 33.76 | 13.9 | 19.58 | -4.86 | 0.51 | -7.27 | 59.96 | 5.66 | 91.86 | 60.51 | 96.93 | -0.3 | 2.99 | 7.68 | 4.93 | -32.61 | 23.28 | -1.44 |
| 2018 (5) | 7.38 | 4.98 | 63.85 | -0.05 | 46.02 | -0.3 | 7.62 | -1.36 | 47.34 | -3.35 | 37.32 | -9.37 | 29.64 | -2.44 | 20.58 | -8.82 | 0.55 | 0.0 | 56.75 | -4.54 | 57.23 | 81.57 | 97.22 | 3.08 | 2.78 | -52.06 | 7.32 | 0 | 23.62 | -0.25 |
| 2017 (4) | 7.03 | 27.82 | 63.88 | 10.08 | 46.16 | 11.44 | 7.72 | -2.63 | 48.98 | 17.54 | 41.18 | 21.83 | 30.38 | 16.4 | 22.57 | 18.91 | 0.55 | -1.79 | 59.45 | 12.57 | 31.52 | -18.74 | 94.31 | -5.06 | 5.79 | 777.21 | 0.00 | 0 | 23.68 | 8.77 |
| 2016 (3) | 5.50 | 16.77 | 58.03 | 2.91 | 41.42 | 7.56 | 7.93 | -4.55 | 41.67 | 8.52 | 33.80 | 6.93 | 26.10 | -5.4 | 18.98 | 9.84 | 0.56 | 3.7 | 52.81 | 4.02 | 38.79 | 3.22 | 99.34 | -0.98 | 0.66 | 0 | 0.00 | 0 | 21.77 | 2.54 |
| 2015 (2) | 4.71 | 54.93 | 56.39 | 12.4 | 38.51 | 27.73 | 8.31 | -24.99 | 38.40 | 27.87 | 31.61 | 29.5 | 27.59 | 27.97 | 17.28 | 49.48 | 0.54 | 20.0 | 50.77 | 9.82 | 37.58 | -62.32 | 100.32 | -0.21 | -0.32 | 0 | 0.00 | 0 | 21.23 | -5.1 |
| 2014 (1) | 3.04 | 14.29 | 50.17 | 0 | 30.15 | 0 | 11.08 | -1.31 | 30.03 | 0 | 24.41 | 0 | 21.56 | 0 | 11.56 | 0 | 0.45 | 7.14 | 46.23 | 6.67 | 99.74 | 3.8 | 100.53 | 13.62 | -0.53 | 0 | 0.00 | 0 | 22.37 | 0.63 |
