- 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) | 0.13 | -76.79 | 62.5 | 15.18 | -16.09 | -0.13 | 1.72 | -47.72 | 26.47 | 1.21 | -79.6 | 65.75 | 0.11 | -97.63 | 117.46 | 0.03 | -97.64 | 118.75 | 0.17 | -79.76 | 142.86 | 0.16 | 6.67 | 23.08 | 8.96 | -37.69 | -15.71 | 79.17 | -7.65 | -7.62 | 142.86 | 157.94 | -23.08 | -42.86 | -196.06 | 50.0 | 7.71 | -37.97 | -40.96 |
| 24Q2 (19) | 0.56 | 194.74 | 107.41 | 18.09 | 2.73 | -9.64 | 3.29 | 40.0 | -0.3 | 5.93 | 136.25 | 95.71 | 4.64 | 233.81 | 205.26 | 1.27 | 273.53 | 252.78 | 0.84 | 147.06 | 140.0 | 0.15 | 15.38 | 15.38 | 14.38 | 18.55 | 8.28 | 85.73 | 3.7 | 6.04 | 55.38 | -42.21 | -48.19 | 44.62 | 435.38 | 531.28 | 12.43 | -7.03 | -2.89 |
| 24Q1 (18) | 0.19 | -45.71 | -38.71 | 17.61 | -15.98 | -5.53 | 2.35 | -53.37 | 0.43 | 2.51 | -42.17 | -16.89 | 1.39 | -53.67 | -17.26 | 0.34 | -58.02 | -8.11 | 0.34 | -41.38 | 0.0 | 0.13 | -7.14 | 8.33 | 12.13 | -6.91 | -7.12 | 82.67 | -6.3 | 7.92 | 95.83 | -18.36 | 23.21 | 8.33 | 154.76 | -62.5 | 13.37 | -5.65 | -5.24 |
| 23Q4 (17) | 0.35 | 337.5 | 206.06 | 20.96 | 37.89 | 70.27 | 5.04 | 270.59 | 0 | 4.34 | 494.52 | 152.73 | 3.00 | 576.19 | 135.84 | 0.81 | 606.25 | 143.09 | 0.58 | 728.57 | 163.04 | 0.14 | 7.69 | 7.69 | 13.03 | 22.58 | 704.32 | 88.23 | 2.95 | 10.3 | 117.39 | -36.79 | 0 | -15.22 | 82.25 | -115.22 | 14.17 | 8.5 | 1.8 |
| 23Q3 (16) | 0.08 | -70.37 | -91.58 | 15.20 | -24.08 | -45.64 | 1.36 | -58.79 | -85.28 | 0.73 | -75.91 | -95.28 | -0.63 | -141.45 | -104.99 | -0.16 | -144.44 | -104.89 | 0.07 | -80.0 | -96.35 | 0.13 | 0.0 | -7.14 | 10.63 | -19.95 | -55.86 | 85.70 | 6.0 | 11.72 | 185.71 | 73.73 | 212.08 | -85.71 | -728.57 | -311.69 | 13.06 | 2.03 | 6.09 |
| 23Q2 (15) | 0.27 | -12.9 | -70.0 | 20.02 | 7.4 | -22.01 | 3.30 | 41.03 | -68.69 | 3.03 | 0.33 | -72.6 | 1.52 | -9.52 | -81.71 | 0.36 | -2.7 | -84.55 | 0.35 | 2.94 | -75.69 | 0.13 | 8.33 | -18.75 | 13.28 | 1.68 | -28.41 | 80.85 | 5.55 | -9.39 | 106.90 | 37.44 | 11.43 | -10.34 | -146.55 | -312.07 | 12.80 | -9.28 | 0.87 |
| 23Q1 (14) | 0.31 | 193.94 | -69.61 | 18.64 | 51.42 | -32.76 | 2.34 | 0 | -80.37 | 3.02 | 136.7 | -75.7 | 1.68 | 120.07 | -81.74 | 0.37 | 119.68 | -84.84 | 0.34 | 136.96 | -79.14 | 0.12 | -7.69 | -29.41 | 13.06 | 706.17 | -35.31 | 76.60 | -4.24 | 37.79 | 77.78 | 0 | -19.09 | 22.22 | -77.78 | 473.33 | 14.11 | 1.36 | 14.07 |
| 22Q4 (13) | -0.33 | -134.74 | -137.93 | 12.31 | -55.97 | -50.3 | 0.00 | -100.0 | -100.0 | -8.23 | -153.17 | -182.71 | -8.37 | -166.32 | -215.93 | -1.88 | -157.49 | -191.71 | -0.92 | -147.92 | -168.15 | 0.13 | -7.14 | -27.78 | 1.62 | -93.27 | -91.0 | 79.99 | 4.28 | 39.33 | -0.00 | -100.0 | -100.0 | 100.00 | 146.97 | 441.94 | 13.92 | 13.08 | 44.55 |
| 22Q3 (12) | 0.95 | 5.56 | 163.89 | 27.96 | 8.92 | 39.87 | 9.24 | -12.33 | 147.72 | 15.48 | 39.96 | 259.16 | 12.62 | 51.87 | 330.72 | 3.27 | 40.34 | 330.26 | 1.92 | 33.33 | 255.56 | 0.14 | -12.5 | -12.5 | 24.08 | 29.81 | 79.7 | 76.71 | -14.03 | 20.37 | 59.51 | -37.97 | -31.99 | 40.49 | 730.06 | 223.93 | 12.31 | -2.99 | -31.5 |
| 22Q2 (11) | 0.90 | -11.76 | 157.14 | 25.67 | -7.4 | 20.12 | 10.54 | -11.58 | 97.38 | 11.06 | -11.02 | 134.32 | 8.31 | -9.67 | 158.88 | 2.33 | -4.51 | 177.38 | 1.44 | -11.66 | 148.28 | 0.16 | -5.88 | 0.0 | 18.55 | -8.12 | 39.79 | 89.23 | 60.51 | 31.43 | 95.93 | -0.2 | -13.66 | 4.88 | 25.85 | 136.59 | 12.69 | 2.59 | 3.09 |
| 22Q1 (10) | 1.02 | 17.24 | 108.16 | 27.72 | 11.91 | 38.39 | 11.92 | -7.02 | 195.05 | 12.43 | 24.92 | 46.41 | 9.20 | 27.42 | 41.32 | 2.44 | 19.02 | 49.69 | 1.63 | 20.74 | 50.93 | 0.17 | -5.56 | 6.25 | 20.19 | 12.1 | 22.22 | 55.59 | -3.17 | -1.8 | 96.12 | -25.63 | 105.6 | 3.88 | 113.25 | -92.54 | 12.37 | 28.45 | -10.36 |
| 21Q4 (9) | 0.87 | 141.67 | 24.29 | 24.77 | 23.91 | -14.62 | 12.82 | 243.7 | 51.9 | 9.95 | 130.86 | 4.19 | 7.22 | 146.42 | -11.19 | 2.05 | 169.74 | -23.51 | 1.35 | 150.0 | -21.97 | 0.18 | 12.5 | -14.29 | 18.01 | 34.4 | 18.88 | 57.41 | -9.92 | -2.46 | 129.25 | 47.71 | 45.57 | -29.25 | -333.96 | -360.77 | 9.63 | -46.41 | -15.9 |
| 21Q3 (8) | 0.36 | 2.86 | -70.97 | 19.99 | -6.46 | -43.06 | 3.73 | -30.15 | -82.46 | 4.31 | -8.69 | -79.79 | 2.93 | -8.72 | -82.54 | 0.76 | -9.52 | -88.16 | 0.54 | -6.9 | -86.76 | 0.16 | 0.0 | -33.33 | 13.40 | 0.98 | -49.03 | 63.73 | -6.13 | 5.01 | 87.50 | -21.25 | -12.5 | 12.50 | 193.75 | 3037.5 | 17.97 | 45.98 | 38.44 |
| 21Q2 (7) | 0.35 | -28.57 | -52.7 | 21.37 | 6.69 | -28.93 | 5.34 | 32.18 | -63.77 | 4.72 | -44.41 | -69.82 | 3.21 | -50.69 | -71.84 | 0.84 | -48.47 | -78.52 | 0.58 | -46.3 | -76.98 | 0.16 | 0.0 | -27.27 | 13.27 | -19.67 | -38.11 | 67.89 | 19.93 | 15.68 | 111.11 | 137.65 | 18.2 | -13.33 | -125.67 | -322.22 | 12.31 | -10.8 | 0 |
| 21Q1 (6) | 0.49 | -30.0 | 228.95 | 20.03 | -30.95 | 10.18 | 4.04 | -52.13 | 30.74 | 8.49 | -11.1 | 346.8 | 6.51 | -19.93 | 248.29 | 1.63 | -39.18 | 217.27 | 1.08 | -37.57 | 233.33 | 0.16 | -23.81 | -20.0 | 16.52 | 9.04 | 456.23 | 56.61 | -3.82 | -4.89 | 46.75 | -47.34 | 152.15 | 51.95 | 363.2 | -72.61 | 13.80 | 20.52 | 3.14 |
| 20Q4 (5) | 0.70 | -43.55 | 141.38 | 29.01 | -17.37 | 37.03 | 8.44 | -60.3 | 2.06 | 9.55 | -55.23 | 271.6 | 8.13 | -51.55 | 187.28 | 2.68 | -58.26 | 219.05 | 1.73 | -57.6 | 188.33 | 0.21 | -12.5 | 10.53 | 15.15 | -42.37 | 56.51 | 58.86 | -3.02 | 5.01 | 88.79 | -11.21 | -72.17 | 11.21 | 2714.95 | 105.12 | 11.45 | -11.79 | -3.54 |
| 20Q3 (4) | 1.24 | 67.57 | 0.0 | 35.11 | 16.76 | 0.0 | 21.26 | 44.23 | 0.0 | 21.33 | 36.38 | 0.0 | 16.78 | 47.19 | 0.0 | 6.42 | 64.19 | 0.0 | 4.08 | 61.9 | 0.0 | 0.24 | 9.09 | 0.0 | 26.29 | 22.62 | 0.0 | 60.69 | 3.41 | 0.0 | 100.00 | 6.38 | 0.0 | 0.40 | -93.36 | 0.0 | 12.98 | 0 | 0.0 |
| 20Q2 (3) | 0.74 | 294.74 | 0.0 | 30.07 | 65.4 | 0.0 | 14.74 | 377.02 | 0.0 | 15.64 | 554.65 | 0.0 | 11.40 | 359.68 | 0.0 | 3.91 | 381.29 | 0.0 | 2.52 | 411.11 | 0.0 | 0.22 | 10.0 | 0.0 | 21.44 | 621.89 | 0.0 | 58.69 | -1.39 | 0.0 | 94.00 | 204.85 | 0.0 | 6.00 | -96.84 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.38 | -231.03 | 0.0 | 18.18 | -14.12 | 0.0 | 3.09 | -62.64 | 0.0 | -3.44 | -233.85 | 0.0 | -4.39 | -255.12 | 0.0 | -1.39 | -265.48 | 0.0 | -0.81 | -235.0 | 0.0 | 0.20 | 5.26 | 0.0 | 2.97 | -69.32 | 0.0 | 59.52 | 6.19 | 0.0 | -89.66 | -128.1 | 0.0 | 189.66 | 186.58 | 0.0 | 13.38 | 12.72 | 0.0 |
| 19Q4 (1) | 0.29 | 0.0 | 0.0 | 21.17 | 0.0 | 0.0 | 8.27 | 0.0 | 0.0 | 2.57 | 0.0 | 0.0 | 2.83 | 0.0 | 0.0 | 0.84 | 0.0 | 0.0 | 0.60 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 9.68 | 0.0 | 0.0 | 56.05 | 0.0 | 0.0 | 319.05 | 0.0 | 0.0 | -219.05 | 0.0 | 0.0 | 11.87 | 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) | 0.99 | -59.59 | 18.75 | -21.15 | 3.07 | -62.56 | 7.49 | 9.46 | 2.81 | -65.82 | 1.43 | -75.76 | 1.37 | -77.61 | 1.32 | -67.57 | 0.52 | -14.75 | 12.47 | -24.7 | 88.23 | 10.3 | 109.17 | 9.5 | -9.17 | 0 | 4.53 | -2.65 | 13.55 | 5.94 |
| 2022 (9) | 2.45 | 20.1 | 23.78 | 9.79 | 8.20 | 22.21 | 6.84 | -6.94 | 8.22 | 18.27 | 5.90 | 17.53 | 6.12 | 18.15 | 4.07 | 14.65 | 0.61 | -6.15 | 16.56 | 7.67 | 79.99 | 39.33 | 99.71 | 3.57 | 0.29 | -91.24 | 4.65 | -15.92 | 12.79 | -3.83 |
| 2021 (8) | 2.04 | -10.92 | 21.66 | -24.77 | 6.71 | -46.32 | 7.35 | 56.93 | 6.95 | -40.55 | 5.02 | -43.02 | 5.18 | -54.96 | 3.55 | -52.86 | 0.65 | -21.69 | 15.38 | -11.2 | 57.41 | -2.46 | 96.27 | -9.94 | 3.36 | 0 | 5.53 | -8.61 | 13.30 | 4.81 |
| 2020 (7) | 2.29 | 19.9 | 28.79 | 37.75 | 12.50 | 171.74 | 4.68 | -16.86 | 11.69 | 78.75 | 8.81 | 53.48 | 11.50 | 68.87 | 7.53 | 58.53 | 0.83 | 7.79 | 17.32 | 28.2 | 58.86 | 4.85 | 106.89 | 51.43 | -6.89 | 0 | 6.05 | -7.29 | 12.69 | -2.23 |
| 2019 (6) | 1.91 | 22.44 | 20.90 | 25.15 | 4.60 | 112.96 | 5.63 | 53.77 | 6.54 | 20.89 | 5.74 | 31.35 | 6.81 | 17.41 | 4.75 | 18.45 | 0.77 | -9.41 | 13.51 | 30.28 | 56.14 | 11.72 | 70.59 | 76.47 | 29.90 | -50.16 | 6.53 | 23.73 | 12.98 | -4.7 |
| 2018 (5) | 1.56 | -2.5 | 16.70 | -11.31 | 2.16 | -67.62 | 3.66 | 7.73 | 5.41 | -12.03 | 4.37 | -6.22 | 5.80 | -4.61 | 4.01 | -0.99 | 0.85 | 4.94 | 10.37 | -4.07 | 50.25 | -21.74 | 40.00 | -63.2 | 60.00 | 0 | 5.27 | 0 | 13.62 | 6.74 |
| 2017 (4) | 1.60 | -4.19 | 18.83 | -0.37 | 6.67 | -2.77 | 3.40 | -0.95 | 6.15 | -14.23 | 4.66 | -12.9 | 6.08 | -6.17 | 4.05 | -8.16 | 0.81 | 2.53 | 10.81 | -8.08 | 64.21 | 10.99 | 108.70 | 13.45 | -8.70 | 0 | 0.00 | 0 | 12.76 | 9.81 |
| 2016 (3) | 1.67 | -52.29 | 18.90 | -2.58 | 6.86 | 6.36 | 3.43 | -3.55 | 7.17 | -45.06 | 5.35 | -50.69 | 6.48 | -55.16 | 4.41 | -50.45 | 0.79 | 1.28 | 11.76 | -35.77 | 57.85 | 17.96 | 95.81 | 93.7 | 4.19 | -91.71 | 0.00 | 0 | 11.62 | -1.78 |
| 2015 (2) | 3.50 | 93.37 | 19.40 | 1.09 | 6.45 | -3.87 | 3.56 | 11.26 | 13.05 | 73.54 | 10.85 | 88.7 | 14.45 | 60.2 | 8.90 | 76.24 | 0.78 | -1.27 | 18.31 | 46.6 | 49.04 | -52.65 | 49.46 | -44.54 | 50.54 | 367.47 | 0.00 | 0 | 11.83 | 6.1 |
| 2014 (1) | 1.81 | 10.37 | 19.19 | 0 | 6.71 | 0 | 3.20 | -9.59 | 7.52 | 0 | 5.75 | 0 | 9.02 | 0 | 5.05 | 0 | 0.79 | -10.23 | 12.49 | 13.65 | 103.56 | 8.26 | 89.19 | 1.31 | 10.81 | -9.65 | 0.00 | 0 | 11.15 | -12.14 |
