- 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) | 1.09 | -30.57 | 41.56 | 13.74 | -17.58 | 28.65 | 9.36 | -22.19 | 48.81 | 4.39 | -70.66 | -56.19 | 7.27 | -36.67 | -4.34 | 3.38 | -31.3 | 13.8 | 2.71 | -32.42 | 11.52 | 0.37 | 5.71 | 37.04 | 5.34 | -66.52 | -48.36 | 21.22 | -26.37 | 21.19 | 214.29 | 167.18 | 239.29 | -114.29 | -677.29 | -410.2 | 4.17 | -20.87 | -30.27 |
| 24Q2 (19) | 1.57 | 44.04 | -47.84 | 16.67 | -12.86 | 57.41 | 12.03 | -11.22 | 181.07 | 14.96 | 5.43 | -59.53 | 11.48 | 2.87 | -63.19 | 4.92 | 41.38 | -55.48 | 4.01 | 33.67 | -54.99 | 0.35 | 29.63 | 34.62 | 15.95 | 3.04 | -59.01 | 28.82 | 64.22 | 3.37 | 80.20 | -16.04 | 595.09 | 19.80 | 342.13 | -77.62 | 5.27 | -15.81 | -29.73 |
| 24Q1 (18) | 1.09 | 105.66 | -12.8 | 19.13 | 38.02 | 14.48 | 13.55 | 51.23 | 20.44 | 14.19 | 68.33 | -13.9 | 11.16 | 97.87 | -15.84 | 3.48 | 101.16 | -26.89 | 3.00 | 100.0 | -24.05 | 0.27 | 3.85 | -3.57 | 15.48 | 56.84 | -16.23 | 17.55 | 14.26 | -12.95 | 95.52 | -10.37 | 39.03 | 4.48 | 168.06 | -86.0 | 6.26 | 15.71 | -2.19 |
| 23Q4 (17) | 0.53 | -31.17 | 43.24 | 13.86 | 29.78 | 39.72 | 8.96 | 42.45 | 63.21 | 8.43 | -15.87 | 24.7 | 5.64 | -25.79 | 21.55 | 1.73 | -41.75 | -1.7 | 1.50 | -38.27 | 8.7 | 0.26 | -3.7 | 0.0 | 9.87 | -4.55 | 14.37 | 15.36 | -12.28 | -28.22 | 106.58 | 68.75 | 33.22 | -6.58 | -117.86 | -135.89 | 5.41 | -9.53 | 35.59 |
| 23Q3 (16) | 0.77 | -74.42 | 285.0 | 10.68 | 0.85 | 141.63 | 6.29 | 46.96 | 1950.0 | 10.02 | -72.9 | 143.8 | 7.60 | -75.63 | 243.89 | 2.97 | -73.12 | 145.45 | 2.43 | -72.73 | 170.0 | 0.27 | 3.85 | 12.5 | 10.34 | -73.43 | 74.07 | 17.51 | -37.2 | -53.04 | 63.16 | 447.37 | 878.95 | 36.84 | -58.35 | -65.92 | 5.98 | -20.27 | -19.52 |
| 23Q2 (15) | 3.01 | 140.8 | 183.96 | 10.59 | -36.62 | -36.47 | 4.28 | -61.96 | -59.85 | 36.97 | 124.33 | 128.92 | 31.19 | 135.22 | 152.76 | 11.05 | 132.14 | 132.63 | 8.91 | 125.57 | 142.78 | 0.26 | -7.14 | -7.14 | 38.91 | 110.55 | 119.71 | 27.88 | 38.29 | -24.01 | 11.54 | -83.21 | -82.53 | 88.46 | 176.68 | 160.65 | 7.50 | 17.19 | 32.51 |
| 23Q1 (14) | 1.25 | 237.84 | 20.19 | 16.71 | 68.45 | -33.11 | 11.25 | 104.92 | -39.39 | 16.48 | 143.79 | -12.71 | 13.26 | 185.78 | -11.84 | 4.76 | 170.45 | 4.62 | 3.95 | 186.23 | 6.76 | 0.28 | 7.69 | 16.67 | 18.48 | 114.14 | -11.83 | 20.16 | -5.79 | -13.07 | 68.71 | -14.12 | -29.95 | 31.97 | 74.4 | 1573.24 | 6.40 | 60.4 | 4.75 |
| 22Q4 (13) | 0.37 | 85.0 | -51.32 | 9.92 | 124.43 | -34.82 | 5.49 | 1714.71 | -44.26 | 6.76 | 64.48 | -43.9 | 4.64 | 109.95 | -53.92 | 1.76 | 45.45 | -55.22 | 1.38 | 53.33 | -55.91 | 0.26 | 8.33 | 0.0 | 8.63 | 45.29 | -38.53 | 21.40 | -42.61 | -7.36 | 80.00 | 1086.67 | -2.33 | 18.33 | -83.04 | 1.32 | 3.99 | -46.3 | -16.53 |
| 22Q3 (12) | 0.20 | -81.13 | -69.7 | 4.42 | -73.49 | -85.99 | -0.34 | -103.19 | -101.38 | 4.11 | -74.55 | -83.09 | 2.21 | -82.09 | -85.12 | 1.21 | -74.53 | -69.67 | 0.90 | -75.48 | -71.7 | 0.24 | -14.29 | 50.0 | 5.94 | -66.46 | -78.02 | 37.29 | 1.64 | 30.34 | -8.11 | -112.27 | -107.98 | 108.11 | 218.53 | 6910.81 | 7.43 | 31.27 | 63.3 |
| 22Q2 (11) | 1.06 | 1.92 | 17.78 | 16.67 | -33.27 | -18.2 | 10.66 | -42.56 | -28.5 | 16.15 | -14.46 | 16.35 | 12.34 | -17.95 | 16.42 | 4.75 | 4.4 | 19.95 | 3.67 | -0.81 | 11.89 | 0.28 | 16.67 | -9.68 | 17.71 | -15.51 | 14.93 | 36.69 | 58.21 | 80.92 | 66.06 | -32.65 | -38.34 | 33.94 | 1676.16 | 575.15 | 5.66 | -7.36 | 1.25 |
| 22Q1 (10) | 1.04 | 36.84 | -7.96 | 24.98 | 64.13 | 0.04 | 18.56 | 88.43 | -0.27 | 18.88 | 56.68 | 9.64 | 15.04 | 49.35 | 15.96 | 4.55 | 15.78 | -12.33 | 3.70 | 18.21 | -11.48 | 0.24 | -7.69 | -25.0 | 20.96 | 49.29 | 11.61 | 23.19 | 0.39 | -1.15 | 98.09 | 19.76 | -9.18 | 1.91 | -89.44 | 123.89 | 6.11 | 27.82 | 2.35 |
| 21Q4 (9) | 0.76 | 15.15 | 72.73 | 15.22 | -51.77 | 17.62 | 9.85 | -60.09 | 19.98 | 12.05 | -50.41 | 113.65 | 10.07 | -32.19 | 117.97 | 3.93 | -1.5 | 105.76 | 3.13 | -1.57 | 111.49 | 0.26 | 62.5 | -16.13 | 14.04 | -48.06 | 90.24 | 23.10 | -19.26 | -14.06 | 81.90 | -19.37 | -44.01 | 18.10 | 1240.0 | 139.09 | 4.78 | 5.05 | 34.27 |
| 21Q3 (8) | 0.66 | -26.67 | -36.54 | 31.56 | 54.86 | 59.64 | 24.68 | 65.53 | 81.87 | 24.30 | 75.07 | 74.19 | 14.85 | 40.09 | 24.58 | 3.99 | 0.76 | -22.97 | 3.18 | -3.05 | -6.74 | 0.16 | -48.39 | -42.86 | 27.03 | 75.41 | 70.43 | 28.61 | 41.07 | -27.46 | 101.59 | -5.19 | 4.11 | -1.59 | 77.78 | -165.61 | 4.55 | -18.6 | -23.66 |
| 21Q2 (7) | 0.90 | -20.35 | 26.76 | 20.38 | -18.38 | 31.57 | 14.91 | -19.88 | 77.08 | 13.88 | -19.4 | 32.82 | 10.60 | -18.27 | 8.72 | 3.96 | -23.7 | 8.79 | 3.28 | -21.53 | 45.78 | 0.31 | -3.13 | 40.91 | 15.41 | -17.94 | 19.83 | 20.28 | -13.55 | -72.05 | 107.14 | -0.79 | 33.49 | -7.14 | 10.71 | -136.19 | 5.59 | -6.37 | 0 |
| 21Q1 (6) | 1.13 | 156.82 | 222.86 | 24.97 | 92.97 | 109.83 | 18.61 | 126.67 | 202.6 | 17.22 | 205.32 | 210.27 | 12.97 | 180.74 | 187.58 | 5.19 | 171.73 | 200.0 | 4.18 | 182.43 | 266.67 | 0.32 | 3.23 | 39.13 | 18.78 | 154.47 | 137.42 | 23.46 | -12.72 | -62.63 | 108.00 | -26.18 | -3.49 | -8.00 | 82.72 | 32.8 | 5.97 | 67.7 | 12.85 |
| 20Q4 (5) | 0.44 | -57.69 | 10.0 | 12.94 | -34.55 | -9.32 | 8.21 | -39.5 | -7.34 | 5.64 | -59.57 | 3.68 | 4.62 | -61.24 | 12.41 | 1.91 | -63.13 | -1.04 | 1.48 | -56.6 | 14.73 | 0.31 | 10.71 | 6.9 | 7.38 | -53.47 | 0.0 | 26.88 | -31.85 | -58.74 | 146.30 | 49.92 | -10.39 | -46.30 | -2013.58 | 26.82 | 3.56 | -40.27 | -32.96 |
| 20Q3 (4) | 1.04 | 46.48 | 0.0 | 19.77 | 27.63 | 0.0 | 13.57 | 61.16 | 0.0 | 13.95 | 33.49 | 0.0 | 11.92 | 22.26 | 0.0 | 5.18 | 42.31 | 0.0 | 3.41 | 51.56 | 0.0 | 0.28 | 27.27 | 0.0 | 15.86 | 23.33 | 0.0 | 39.44 | -45.65 | 0.0 | 97.58 | 21.58 | 0.0 | 2.42 | -87.74 | 0.0 | 5.96 | 0 | 0.0 |
| 20Q2 (3) | 0.71 | 102.86 | 0.0 | 15.49 | 30.17 | 0.0 | 8.42 | 36.91 | 0.0 | 10.45 | 88.29 | 0.0 | 9.75 | 116.19 | 0.0 | 3.64 | 110.4 | 0.0 | 2.25 | 97.37 | 0.0 | 0.22 | -4.35 | 0.0 | 12.86 | 62.58 | 0.0 | 72.57 | 15.59 | 0.0 | 80.26 | -28.28 | 0.0 | 19.74 | 265.79 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.35 | -12.5 | 0.0 | 11.90 | -16.61 | 0.0 | 6.15 | -30.59 | 0.0 | 5.55 | 2.02 | 0.0 | 4.51 | 9.73 | 0.0 | 1.73 | -10.36 | 0.0 | 1.14 | -11.63 | 0.0 | 0.23 | -20.69 | 0.0 | 7.91 | 7.18 | 0.0 | 62.78 | -3.62 | 0.0 | 111.90 | -31.46 | 0.0 | -11.90 | 81.18 | 0.0 | 5.29 | -0.38 | 0.0 |
| 19Q4 (1) | 0.40 | 0.0 | 0.0 | 14.27 | 0.0 | 0.0 | 8.86 | 0.0 | 0.0 | 5.44 | 0.0 | 0.0 | 4.11 | 0.0 | 0.0 | 1.93 | 0.0 | 0.0 | 1.29 | 0.0 | 0.0 | 0.29 | 0.0 | 0.0 | 7.38 | 0.0 | 0.0 | 65.14 | 0.0 | 0.0 | 163.27 | 0.0 | 0.0 | -63.27 | 0.0 | 0.0 | 5.31 | 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) | 5.57 | 97.52 | 12.91 | -7.26 | 7.66 | -9.99 | 1.34 | -25.3 | 17.95 | 55.68 | 14.40 | 67.64 | 20.55 | 61.56 | 17.42 | 66.7 | 1.11 | 0.0 | 19.35 | 44.62 | 15.36 | -28.22 | 42.62 | -42.16 | 57.23 | 117.47 | 0.18 | -6.41 | 6.32 | 9.15 |
| 2022 (9) | 2.82 | -18.73 | 13.92 | -37.1 | 8.51 | -47.5 | 1.79 | -1.38 | 11.53 | -27.89 | 8.59 | -27.33 | 12.72 | -27.23 | 10.45 | -25.52 | 1.11 | 4.72 | 13.38 | -25.08 | 21.40 | -7.36 | 73.68 | -27.38 | 26.32 | 0 | 0.19 | 4.58 | 5.79 | 8.43 |
| 2021 (8) | 3.47 | 39.92 | 22.13 | 46.75 | 16.21 | 75.81 | 1.82 | 2.68 | 15.99 | 80.07 | 11.82 | 54.51 | 17.48 | 50.69 | 14.03 | 68.83 | 1.06 | 0.95 | 17.86 | 63.11 | 23.10 | -14.06 | 101.47 | -2.17 | -1.28 | 0 | 0.18 | 458.39 | 5.34 | -0.93 |
| 2020 (7) | 2.48 | 58.97 | 15.08 | 39.76 | 9.22 | 55.74 | 1.77 | 8.24 | 8.88 | 80.12 | 7.65 | 98.19 | 11.60 | 48.91 | 8.31 | 60.12 | 1.05 | -15.32 | 10.95 | 56.21 | 26.88 | -58.54 | 103.72 | -13.57 | -3.72 | 0 | 0.03 | 0 | 5.39 | 15.42 |
| 2019 (6) | 1.56 | 95.0 | 10.79 | 97.26 | 5.92 | 1276.74 | 1.64 | 56.01 | 4.93 | 126.15 | 3.86 | 208.8 | 7.79 | 170.49 | 5.19 | 147.14 | 1.24 | -8.82 | 7.01 | 94.72 | 64.84 | 4.89 | 120.00 | 506.67 | -20.00 | 0 | 0.00 | 0 | 4.67 | 9.88 |
| 2018 (5) | 0.80 | 53.85 | 5.47 | -38.19 | 0.43 | -88.47 | 1.05 | -12.53 | 2.18 | 35.4 | 1.25 | -2.34 | 2.88 | 1.05 | 2.10 | 0.48 | 1.36 | 0.74 | 3.60 | 13.56 | 61.82 | -19.7 | 19.78 | -91.43 | 81.32 | 0 | 0.00 | 0 | 4.25 | 8.42 |
| 2017 (4) | 0.52 | 333.33 | 8.85 | -1.23 | 3.73 | 23.92 | 1.20 | -31.71 | 1.61 | 747.37 | 1.28 | 4166.67 | 2.85 | 5600.0 | 2.09 | 375.0 | 1.35 | 23.85 | 3.17 | 32.64 | 76.99 | 41.79 | 230.77 | -85.27 | -130.77 | 0 | 0.00 | 0 | 3.92 | -18.33 |
| 2016 (3) | 0.12 | 0 | 8.96 | 505.41 | 3.01 | 0 | 1.76 | -12.73 | 0.19 | 0 | 0.03 | 0 | 0.05 | 0 | 0.44 | 0 | 1.09 | 12.37 | 2.39 | 0 | 54.30 | -6.15 | 1566.67 | 1347.82 | -1466.67 | 0 | 0.00 | 0 | 4.80 | -16.38 |
| 2015 (2) | -1.12 | 0 | 1.48 | -65.42 | -4.94 | 0 | 2.01 | 16.55 | -4.57 | 0 | -5.30 | 0 | -8.69 | 0 | -4.42 | 0 | 0.97 | -21.14 | -1.64 | 0 | 57.86 | -27.41 | 108.21 | 0 | -8.21 | 0 | 0.00 | 0 | 5.74 | 30.45 |
| 2014 (1) | 0.50 | 400.0 | 4.28 | 0 | -0.71 | 0 | 1.73 | 22.96 | 0.84 | 0 | 0.33 | 0 | 0.75 | 0 | 1.23 | 0 | 1.23 | -4.65 | 3.40 | 101.18 | 79.71 | -11.1 | -84.38 | 0 | 184.38 | 0 | 0.00 | 0 | 4.40 | 15.79 |
