- 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) | 0.85 | 63.46 | -32.54 | 33.24 | -0.81 | -1.04 | 13.29 | -2.85 | -12.62 | 18.11 | 30.85 | -30.05 | 15.01 | 62.27 | -31.18 | 3.10 | 62.3 | -34.46 | 2.03 | 54.96 | -29.76 | 0.13 | 0.0 | 8.33 | 23.20 | 25.07 | -25.47 | 60.93 | -7.36 | -11.5 | 73.44 | -25.64 | 24.95 | 26.56 | 2287.27 | -35.67 | 8.63 | -4.0 | 8.69 |
| 24Q2 (19) | 0.52 | -7.14 | -23.53 | 33.51 | 0.9 | 0.45 | 13.68 | 0.29 | -14.29 | 13.84 | -0.86 | -19.06 | 9.25 | -10.45 | -16.97 | 1.91 | -7.28 | -26.82 | 1.31 | -7.09 | -20.61 | 0.13 | 8.33 | 0.0 | 18.55 | -3.28 | -15.83 | 65.77 | 8.42 | -19.3 | 98.76 | 1.05 | 5.8 | 1.11 | -50.74 | -83.28 | 8.99 | 2.04 | 20.03 |
| 24Q1 (18) | 0.56 | 55.56 | -23.29 | 33.21 | 2.79 | -2.52 | 13.64 | 6.65 | -20.56 | 13.96 | 54.6 | -5.61 | 10.33 | 50.8 | -10.64 | 2.06 | 53.73 | -28.22 | 1.41 | 45.36 | -21.67 | 0.12 | 0.0 | -14.29 | 19.18 | 30.57 | -3.28 | 60.66 | -8.55 | -23.8 | 97.74 | -30.95 | -15.73 | 2.26 | 105.44 | 114.04 | 8.81 | 18.26 | 23.74 |
| 23Q4 (17) | 0.36 | -71.43 | -26.53 | 32.31 | -3.81 | -4.38 | 12.79 | -15.91 | -2.89 | 9.03 | -65.12 | -12.92 | 6.85 | -68.59 | -18.45 | 1.34 | -71.67 | -35.27 | 0.97 | -66.44 | -23.02 | 0.12 | 0.0 | -7.69 | 14.69 | -52.81 | -2.07 | 66.33 | -3.66 | -23.71 | 141.55 | 140.82 | 11.55 | -41.55 | -200.64 | -54.5 | 7.45 | -6.17 | -19.28 |
| 23Q3 (16) | 1.26 | 85.29 | -22.7 | 33.59 | 0.69 | -4.95 | 15.21 | -4.7 | -15.55 | 25.89 | 51.4 | -13.0 | 21.81 | 95.78 | -12.3 | 4.73 | 81.23 | -36.42 | 2.89 | 75.15 | -27.2 | 0.12 | -7.69 | -20.0 | 31.13 | 41.24 | -7.68 | 68.85 | -15.52 | -22.63 | 58.78 | -37.03 | -2.84 | 41.29 | 520.42 | 4.52 | 7.94 | 6.01 | 12.31 |
| 23Q2 (15) | 0.68 | -6.85 | -32.0 | 33.36 | -2.08 | -15.44 | 15.96 | -7.05 | -30.61 | 17.10 | 15.62 | -22.73 | 11.14 | -3.63 | -25.68 | 2.61 | -9.06 | -45.17 | 1.65 | -8.33 | -38.66 | 0.13 | -7.14 | -23.53 | 22.04 | 11.14 | -13.97 | 81.50 | 2.37 | -17.78 | 93.35 | -19.52 | -10.2 | 6.65 | 141.36 | 268.58 | 7.49 | 5.2 | 31.17 |
| 23Q1 (14) | 0.73 | 48.98 | -42.52 | 34.07 | 0.83 | -18.59 | 17.17 | 30.37 | -28.31 | 14.79 | 42.62 | -45.32 | 11.56 | 37.62 | -44.93 | 2.87 | 38.65 | -54.44 | 1.80 | 42.86 | -51.09 | 0.14 | 7.69 | -17.65 | 19.83 | 32.2 | -35.3 | 79.61 | -8.43 | 7.15 | 115.99 | -8.59 | 31.05 | -16.09 | 40.17 | -240.0 | 7.12 | -22.86 | 7.23 |
| 22Q4 (13) | 0.49 | -69.94 | -44.32 | 33.79 | -4.39 | -19.51 | 13.17 | -26.87 | -41.28 | 10.37 | -65.15 | -51.08 | 8.40 | -66.22 | -49.0 | 2.07 | -72.18 | -56.69 | 1.26 | -68.26 | -57.0 | 0.13 | -13.33 | -23.53 | 15.00 | -55.52 | -41.13 | 86.94 | -2.3 | 8.03 | 126.89 | 109.75 | 20.0 | -26.89 | -168.08 | -361.14 | 9.23 | 30.55 | 11.74 |
| 22Q3 (12) | 1.63 | 63.0 | 68.04 | 35.34 | -10.42 | -5.76 | 18.01 | -21.7 | -22.67 | 29.76 | 34.48 | 40.11 | 24.87 | 65.91 | 60.14 | 7.44 | 56.3 | 41.18 | 3.97 | 47.58 | 17.46 | 0.15 | -11.76 | -28.57 | 33.72 | 31.62 | 38.82 | 88.99 | -10.23 | 33.22 | 60.50 | -41.8 | -44.83 | 39.50 | 1100.72 | 509.19 | 7.07 | 23.82 | 26.48 |
| 22Q2 (11) | 1.00 | -21.26 | -7.41 | 39.45 | -5.73 | 9.28 | 23.00 | -3.97 | 18.8 | 22.13 | -18.19 | -14.42 | 14.99 | -28.59 | -28.79 | 4.76 | -24.44 | -21.84 | 2.69 | -26.9 | -29.77 | 0.17 | 0.0 | -5.56 | 25.62 | -16.41 | -13.39 | 99.13 | 33.42 | 72.49 | 103.95 | 17.45 | 38.73 | -3.95 | -134.35 | -115.7 | 5.71 | -14.01 | -18.08 |
| 22Q1 (10) | 1.27 | 44.32 | 118.97 | 41.85 | -0.31 | 16.12 | 23.95 | 6.78 | 26.39 | 27.05 | 27.59 | 51.97 | 20.99 | 27.44 | 56.52 | 6.30 | 31.8 | 75.49 | 3.68 | 25.6 | 66.52 | 0.17 | 0.0 | 13.33 | 30.65 | 20.29 | 36.95 | 74.30 | -7.68 | 2.4 | 88.51 | -16.3 | -16.89 | 11.49 | 297.07 | 277.13 | 6.64 | -19.61 | -3.35 |
| 21Q4 (9) | 0.88 | -9.28 | 144.44 | 41.98 | 11.95 | 30.05 | 22.43 | -3.69 | 96.41 | 21.20 | -0.19 | 68.92 | 16.47 | 6.05 | 54.5 | 4.78 | -9.3 | 101.69 | 2.93 | -13.31 | 107.8 | 0.17 | -19.05 | 41.67 | 25.48 | 4.9 | 39.69 | 80.48 | 20.48 | 2.55 | 105.75 | -3.56 | 16.4 | -5.83 | 39.59 | -163.71 | 8.26 | 47.76 | -8.32 |
| 21Q3 (8) | 0.97 | -10.19 | 361.9 | 37.50 | 3.88 | 17.63 | 23.29 | 20.3 | 99.4 | 21.24 | -17.87 | 171.96 | 15.53 | -26.22 | 157.12 | 5.27 | -13.46 | 276.43 | 3.38 | -11.75 | 297.65 | 0.21 | 16.67 | 90.91 | 24.29 | -17.88 | 80.06 | 66.80 | 16.23 | -35.23 | 109.65 | 46.35 | -26.81 | -9.65 | -138.39 | 80.48 | 5.59 | -19.8 | -37.54 |
| 21Q2 (7) | 1.08 | 86.21 | 730.77 | 36.10 | 0.17 | 35.92 | 19.36 | 2.16 | 180.17 | 25.86 | 45.28 | 436.51 | 21.05 | 56.97 | 489.64 | 6.09 | 69.64 | 625.0 | 3.83 | 73.3 | 517.74 | 0.18 | 20.0 | 50.0 | 29.58 | 32.17 | 170.88 | 57.47 | -20.8 | -45.34 | 74.93 | -29.64 | -47.78 | 25.15 | 487.57 | 157.84 | 6.97 | 1.46 | 0 |
| 21Q1 (6) | 0.58 | 61.11 | 176.19 | 36.04 | 11.65 | 26.15 | 18.95 | 65.94 | 79.79 | 17.80 | 41.83 | 151.06 | 13.41 | 25.8 | 165.54 | 3.59 | 51.48 | 178.29 | 2.21 | 56.74 | 145.56 | 0.15 | 25.0 | 7.14 | 22.38 | 22.7 | 84.81 | 72.56 | -7.54 | -7.64 | 106.49 | 17.22 | -28.31 | -6.49 | -170.89 | 86.63 | 6.87 | -23.75 | -13.8 |
| 20Q4 (5) | 0.36 | 71.43 | 500.0 | 32.28 | 1.25 | 17.13 | 11.42 | -2.23 | 85.99 | 12.55 | 60.69 | 551.44 | 10.66 | 76.49 | 571.68 | 2.37 | 69.29 | 555.77 | 1.41 | 65.88 | 1510.0 | 0.12 | 9.09 | -7.69 | 18.24 | 35.21 | 505.98 | 78.48 | -23.91 | 0.89 | 90.85 | -39.36 | 141.36 | 9.15 | 118.51 | -97.14 | 9.01 | 0.67 | 3.44 |
| 20Q3 (4) | 0.21 | 61.54 | 0.0 | 31.88 | 20.03 | 0.0 | 11.68 | 69.03 | 0.0 | 7.81 | 62.03 | 0.0 | 6.04 | 69.19 | 0.0 | 1.40 | 66.67 | 0.0 | 0.85 | 37.1 | 0.0 | 0.11 | -8.33 | 0.0 | 13.49 | 23.53 | 0.0 | 103.14 | -1.91 | 0.0 | 149.82 | 4.42 | 0.0 | -49.46 | -13.75 | 0.0 | 8.95 | 0 | 0.0 |
| 20Q2 (3) | 0.13 | -38.1 | 0.0 | 26.56 | -7.04 | 0.0 | 6.91 | -34.44 | 0.0 | 4.82 | -32.02 | 0.0 | 3.57 | -29.31 | 0.0 | 0.84 | -34.88 | 0.0 | 0.62 | -31.11 | 0.0 | 0.12 | -14.29 | 0.0 | 10.92 | -9.83 | 0.0 | 105.15 | 33.85 | 0.0 | 143.48 | -3.41 | 0.0 | -43.48 | 10.43 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.21 | 333.33 | 0.0 | 28.57 | 3.66 | 0.0 | 10.54 | 71.66 | 0.0 | 7.09 | 355.04 | 0.0 | 5.05 | 323.45 | 0.0 | 1.29 | 348.08 | 0.0 | 0.90 | 1000.0 | 0.0 | 0.14 | 7.69 | 0.0 | 12.11 | 302.33 | 0.0 | 78.56 | 0.99 | 0.0 | 148.54 | 167.63 | 0.0 | -48.54 | -115.19 | 0.0 | 7.97 | -8.5 | 0.0 |
| 19Q4 (1) | -0.09 | 0.0 | 0.0 | 27.56 | 0.0 | 0.0 | 6.14 | 0.0 | 0.0 | -2.78 | 0.0 | 0.0 | -2.26 | 0.0 | 0.0 | -0.52 | 0.0 | 0.0 | -0.10 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 3.01 | 0.0 | 0.0 | 77.79 | 0.0 | 0.0 | -219.64 | 0.0 | 0.0 | 319.64 | 0.0 | 0.0 | 8.71 | 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) | 3.04 | -30.75 | 33.37 | -11.25 | 15.39 | -21.4 | 2.86 | 18.79 | 16.80 | -25.37 | 12.89 | -26.09 | 11.65 | -42.01 | 7.41 | -35.45 | 0.51 | -19.05 | 22.00 | -16.7 | 66.33 | -23.71 | 91.59 | 5.29 | 8.41 | -35.36 | 1.44 | -10.87 | 7.49 | 5.05 |
| 2022 (9) | 4.39 | 25.43 | 37.60 | -1.05 | 19.58 | -7.77 | 2.41 | -1.54 | 22.51 | 3.97 | 17.44 | 4.56 | 20.09 | 0.05 | 11.48 | -2.38 | 0.63 | -5.97 | 26.41 | 3.61 | 86.94 | 8.03 | 86.99 | -11.28 | 13.01 | 573.9 | 1.62 | -27.92 | 7.13 | 3.78 |
| 2021 (8) | 3.50 | 280.43 | 38.00 | 27.99 | 21.23 | 110.41 | 2.45 | -28.17 | 21.65 | 172.67 | 16.68 | 169.03 | 20.08 | 255.4 | 11.76 | 202.31 | 0.67 | 31.37 | 25.49 | 88.4 | 80.48 | 2.55 | 98.05 | -22.9 | 1.93 | 0 | 2.24 | 0.42 | 6.87 | -19.93 |
| 2020 (7) | 0.92 | 13.58 | 29.69 | 15.12 | 10.09 | 26.12 | 3.41 | 26.73 | 7.94 | 40.53 | 6.20 | 43.52 | 5.65 | 23.9 | 3.89 | 5.71 | 0.51 | -21.54 | 13.53 | 30.98 | 78.48 | 0.89 | 127.17 | -10.31 | -27.17 | 0 | 2.23 | -8.01 | 8.58 | 14.55 |
| 2019 (6) | 0.81 | -50.61 | 25.79 | -11.44 | 8.00 | -15.97 | 2.69 | 240.36 | 5.65 | -36.59 | 4.32 | -39.24 | 4.56 | -48.71 | 3.68 | -40.07 | 0.65 | -14.47 | 10.33 | -8.34 | 77.79 | 64.01 | 141.79 | 32.7 | -41.79 | 0 | 2.43 | -15.27 | 7.49 | -9.54 |
| 2018 (5) | 1.64 | 35.54 | 29.12 | -20.28 | 9.52 | -13.45 | 0.79 | -30.31 | 8.91 | -5.91 | 7.11 | 15.05 | 8.89 | -11.1 | 6.14 | 7.34 | 0.76 | -5.0 | 11.27 | -7.24 | 47.43 | -56.43 | 106.85 | -8.03 | -6.85 | 0 | 2.86 | 0 | 8.28 | -25.2 |
| 2017 (4) | 1.21 | 116.07 | 36.53 | 13.98 | 11.00 | 74.88 | 1.13 | -15.22 | 9.47 | 101.06 | 6.18 | 85.03 | 10.00 | 110.08 | 5.72 | 72.81 | 0.80 | 8.11 | 12.15 | 56.37 | 108.87 | 12.46 | 116.18 | -13.23 | -16.18 | 0 | 0.00 | 0 | 11.07 | -1.86 |
| 2016 (3) | 0.56 | 60.0 | 32.05 | 12.02 | 6.29 | 26.56 | 1.34 | 8.42 | 4.71 | 50.48 | 3.34 | 72.16 | 4.76 | 63.01 | 3.31 | 31.87 | 0.74 | -9.76 | 7.77 | 29.07 | 96.81 | 8.92 | 133.89 | -15.58 | -33.68 | 0 | 0.00 | 0 | 11.28 | 14.29 |
| 2015 (2) | 0.35 | -51.39 | 28.61 | -1.31 | 4.97 | -22.59 | 1.23 | 2.96 | 3.13 | -41.39 | 1.94 | -48.81 | 2.92 | -52.21 | 2.51 | -40.66 | 0.82 | -8.89 | 6.02 | -24.18 | 88.88 | 16.55 | 158.60 | 32.24 | -58.60 | 0 | 0.00 | 0 | 9.87 | 6.93 |
| 2014 (1) | 0.72 | 125.0 | 28.99 | 0 | 6.42 | 0 | 1.20 | -18.67 | 5.34 | 0 | 3.79 | 0 | 6.11 | 0 | 4.23 | 0 | 0.90 | 18.42 | 7.94 | 38.33 | 76.26 | -8.97 | 119.93 | -12.02 | -20.10 | 0 | 0.00 | 0 | 9.23 | -2.94 |
