- 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) | 0.35 | -37.5 | 150.0 | 8.34 | 18.8 | -32.8 | 3.95 | 36.68 | 105.73 | 12.13 | -32.23 | 47.57 | 11.79 | -30.93 | 66.29 | 1.69 | -37.41 | 168.25 | 0.98 | -37.58 | 122.73 | 0.08 | -11.11 | 60.0 | 18.37 | -22.09 | 4.79 | 77.38 | -12.7 | 18.88 | 32.43 | 100.24 | 40.96 | 67.57 | -19.6 | -12.24 | 6.30 | 6.6 | -32.98 |
| 24Q2 (19) | 0.56 | 33.33 | 30.23 | 7.02 | -17.41 | 22.94 | 2.89 | -28.29 | 134.61 | 17.90 | 11.18 | -10.95 | 17.07 | 13.27 | -11.05 | 2.70 | 39.18 | 33.0 | 1.57 | 28.69 | 33.05 | 0.09 | 12.5 | 50.0 | 23.58 | 1.68 | -19.05 | 88.64 | 32.99 | 20.76 | 16.20 | -35.61 | 139.11 | 84.04 | 11.82 | -40.57 | 5.91 | -14.35 | -62.33 |
| 24Q1 (18) | 0.42 | 50.0 | -63.48 | 8.50 | -0.82 | -44.91 | 4.03 | 259.82 | -32.38 | 16.10 | 18.73 | -75.13 | 15.07 | 17.37 | -75.97 | 1.94 | 65.81 | -65.23 | 1.22 | 58.44 | -56.58 | 0.08 | 60.0 | 100.0 | 23.19 | -0.69 | -69.89 | 66.65 | -1.68 | -34.0 | 25.15 | 201.84 | 171.66 | 75.15 | -18.01 | -17.18 | 6.90 | -33.2 | -50.47 |
| 23Q4 (17) | 0.28 | 100.0 | -72.55 | 8.57 | -30.94 | -46.37 | 1.12 | -41.67 | -88.06 | 13.56 | 64.96 | -56.77 | 12.84 | 81.1 | -55.94 | 1.17 | 85.71 | -77.54 | 0.77 | 75.0 | -70.16 | 0.05 | 0.0 | -44.44 | 23.35 | 33.2 | -37.85 | 67.79 | 4.15 | -38.8 | 8.33 | -63.78 | -72.06 | 91.67 | 19.06 | 30.64 | 10.33 | 9.89 | 43.07 |
| 23Q3 (16) | 0.14 | -67.44 | -56.25 | 12.41 | 117.34 | 2.39 | 1.92 | 122.99 | 178.26 | 8.22 | -59.1 | -68.71 | 7.09 | -63.05 | -72.41 | 0.63 | -68.97 | -63.37 | 0.44 | -62.71 | -51.11 | 0.05 | -16.67 | 66.67 | 17.53 | -39.82 | -58.72 | 65.09 | -11.32 | -39.03 | 23.01 | 155.56 | 801.95 | 76.99 | -45.56 | -20.58 | 9.40 | -40.09 | -40.2 |
| 23Q2 (15) | 0.43 | -62.61 | 253.57 | 5.71 | -62.99 | -54.32 | -8.35 | -240.1 | -314.65 | 20.10 | -68.95 | 236.55 | 19.19 | -69.4 | 214.57 | 2.03 | -63.62 | 245.0 | 1.18 | -58.01 | 290.32 | 0.06 | 50.0 | 50.0 | 29.13 | -62.18 | 885.18 | 73.40 | -27.31 | -35.02 | -41.41 | -547.27 | -55.85 | 141.41 | 55.84 | 11.72 | 15.69 | 12.63 | 50.0 |
| 23Q1 (14) | 1.15 | 12.75 | 139.58 | 15.43 | -3.44 | 57.93 | 5.96 | -36.46 | 12020.0 | 64.74 | 106.38 | 88.25 | 62.72 | 115.24 | 94.42 | 5.58 | 7.1 | 135.44 | 2.81 | 8.91 | 123.02 | 0.04 | -55.56 | 0.0 | 77.03 | 105.03 | 67.2 | 100.98 | -8.84 | 5.77 | 9.26 | -68.96 | 0 | 90.74 | 29.32 | -9.55 | 13.93 | 92.94 | 9.51 |
| 22Q4 (13) | 1.02 | 218.75 | 191.43 | 15.98 | 31.85 | 24.16 | 9.38 | 1259.42 | 41.91 | 31.37 | 19.41 | 93.76 | 29.14 | 13.39 | 124.67 | 5.21 | 202.91 | 192.7 | 2.58 | 186.67 | 171.58 | 0.09 | 200.0 | 28.57 | 37.57 | -11.54 | 65.29 | 110.77 | 3.76 | 9.87 | 29.83 | 1069.34 | -27.08 | 70.17 | -27.61 | 18.75 | 7.22 | -54.07 | 3.88 |
| 22Q3 (12) | 0.32 | 214.29 | 28.0 | 12.12 | -3.04 | 1.0 | 0.69 | -82.26 | -89.66 | 26.27 | 278.46 | 127.64 | 25.70 | 253.43 | 158.81 | 1.72 | 222.86 | 40.98 | 0.90 | 245.16 | 30.43 | 0.03 | -25.0 | -50.0 | 42.47 | 1244.74 | 129.44 | 106.76 | -5.49 | 7.56 | 2.55 | 109.6 | -95.61 | 96.94 | -23.41 | 131.06 | 15.72 | 50.29 | 110.72 |
| 22Q2 (11) | -0.28 | -158.33 | -166.67 | 12.50 | 27.94 | -24.15 | 3.89 | 7880.0 | -61.22 | -14.72 | -142.8 | -171.77 | -16.75 | -151.92 | -187.15 | -1.40 | -159.07 | -171.79 | -0.62 | -149.21 | -157.94 | 0.04 | 0.0 | -20.0 | -3.71 | -108.05 | -113.24 | 112.96 | 18.32 | 28.82 | -26.57 | 0 | -154.39 | 126.57 | 26.16 | 147.48 | 10.46 | -17.77 | 14.69 |
| 22Q1 (10) | 0.48 | 37.14 | -5.88 | 9.77 | -24.09 | 10.9 | -0.05 | -100.76 | -100.96 | 34.39 | 112.42 | 109.7 | 32.26 | 148.73 | 115.21 | 2.37 | 33.15 | -2.07 | 1.26 | 32.63 | -4.55 | 0.04 | -42.86 | -50.0 | 46.07 | 102.68 | 117.83 | 95.47 | -5.31 | 2.29 | 0.00 | -100.0 | -100.0 | 100.33 | 69.78 | 47.12 | 12.72 | 83.02 | 131.27 |
| 21Q4 (9) | 0.35 | 40.0 | 29.63 | 12.87 | 7.25 | 28.32 | 6.61 | -0.9 | -6.51 | 16.19 | 40.29 | 138.79 | 12.97 | 30.61 | 87.16 | 1.78 | 45.9 | 33.83 | 0.95 | 37.68 | 25.0 | 0.07 | 16.67 | -30.0 | 22.73 | 22.8 | 114.23 | 100.82 | 1.57 | 13.9 | 40.91 | -29.52 | -60.83 | 59.09 | 40.85 | 1433.77 | 6.95 | -6.84 | 51.75 |
| 21Q3 (8) | 0.25 | -40.48 | -37.5 | 12.00 | -27.18 | 24.87 | 6.67 | -33.5 | 10.07 | 11.54 | -43.73 | -10.4 | 9.93 | -48.34 | -12.97 | 1.22 | -37.44 | -38.69 | 0.69 | -35.51 | -38.39 | 0.06 | 20.0 | -33.33 | 18.51 | -33.96 | 9.66 | 99.26 | 13.19 | 18.92 | 58.05 | 18.81 | 23.0 | 41.95 | -17.97 | -20.56 | 7.46 | -18.2 | 41.02 |
| 21Q2 (7) | 0.42 | -17.65 | -4.55 | 16.48 | 87.06 | 147.45 | 10.03 | 92.51 | 123.39 | 20.51 | 25.06 | 74.85 | 19.22 | 28.22 | 70.09 | 1.95 | -19.42 | -8.88 | 1.07 | -18.94 | -12.3 | 0.05 | -37.5 | -50.0 | 28.03 | 32.53 | 107.48 | 87.69 | -6.04 | -0.63 | 48.85 | 53.61 | 27.59 | 51.15 | -25.0 | -17.12 | 9.12 | 65.82 | 0 |
| 21Q1 (6) | 0.51 | 88.89 | -27.14 | 8.81 | -12.16 | 70.41 | 5.21 | -26.31 | 79.66 | 16.40 | 141.89 | 0.49 | 14.99 | 116.31 | -5.13 | 2.42 | 81.95 | -27.98 | 1.32 | 73.68 | -34.0 | 0.08 | -20.0 | -33.33 | 21.15 | 99.34 | 17.7 | 93.33 | 5.43 | 27.29 | 31.80 | -69.54 | 78.69 | 68.20 | 1639.27 | -17.04 | 5.50 | 20.09 | 38.54 |
| 20Q4 (5) | 0.27 | -32.5 | -10.0 | 10.03 | 4.37 | 52.43 | 7.07 | 16.67 | 47.91 | 6.78 | -47.36 | 38.93 | 6.93 | -39.26 | 35.35 | 1.33 | -33.17 | -10.14 | 0.76 | -32.14 | -20.83 | 0.10 | 11.11 | -44.44 | 10.61 | -37.14 | 76.83 | 88.52 | 6.05 | 28.64 | 104.43 | 121.29 | 6.95 | -4.43 | -108.39 | -351.05 | 4.58 | -13.42 | 0 |
| 20Q3 (4) | 0.40 | -9.09 | 0.0 | 9.61 | 44.29 | 0.0 | 6.06 | 34.97 | 0.0 | 12.88 | 9.8 | 0.0 | 11.41 | 0.97 | 0.0 | 1.99 | -7.01 | 0.0 | 1.12 | -8.2 | 0.0 | 0.09 | -10.0 | 0.0 | 16.88 | 24.94 | 0.0 | 83.47 | -5.42 | 0.0 | 47.19 | 23.25 | 0.0 | 52.81 | -14.42 | 0.0 | 5.29 | 0 | 0.0 |
| 20Q2 (3) | 0.44 | -37.14 | 0.0 | 6.66 | 28.82 | 0.0 | 4.49 | 54.83 | 0.0 | 11.73 | -28.12 | 0.0 | 11.30 | -28.48 | 0.0 | 2.14 | -36.31 | 0.0 | 1.22 | -39.0 | 0.0 | 0.10 | -16.67 | 0.0 | 13.51 | -24.82 | 0.0 | 88.25 | 20.36 | 0.0 | 38.29 | 115.13 | 0.0 | 61.71 | -24.93 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.70 | 133.33 | 0.0 | 5.17 | -21.43 | 0.0 | 2.90 | -39.33 | 0.0 | 16.32 | 234.43 | 0.0 | 15.80 | 208.59 | 0.0 | 3.36 | 127.03 | 0.0 | 2.00 | 108.33 | 0.0 | 0.12 | -33.33 | 0.0 | 17.97 | 199.5 | 0.0 | 73.32 | 6.55 | 0.0 | 17.80 | -81.77 | 0.0 | 82.20 | 4558.08 | 0.0 | 3.97 | 0 | 0.0 |
| 19Q4 (1) | 0.30 | 0.0 | 0.0 | 6.58 | 0.0 | 0.0 | 4.78 | 0.0 | 0.0 | 4.88 | 0.0 | 0.0 | 5.12 | 0.0 | 0.0 | 1.48 | 0.0 | 0.0 | 0.96 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 6.00 | 0.0 | 0.0 | 68.81 | 0.0 | 0.0 | 97.65 | 0.0 | 0.0 | 1.76 | 0.0 | 0.0 | 0.00 | 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) | 1.82 | 18.18 | 10.16 | -24.52 | -0.31 | 0 | 6.86 | 5.4 | 24.37 | 13.14 | 23.23 | 18.28 | 9.06 | 17.66 | 5.17 | 28.61 | 0.21 | 10.53 | 34.33 | 9.4 | 67.79 | -38.8 | -1.23 | 0 | 101.30 | 32.35 | 3.73 | -13.54 | 12.30 | 19.42 |
| 2022 (9) | 1.54 | 1.32 | 13.46 | 11.06 | 5.05 | -26.49 | 6.51 | 44.35 | 21.54 | 34.46 | 19.64 | 39.0 | 7.70 | 2.8 | 4.02 | -1.47 | 0.19 | -29.63 | 31.38 | 40.72 | 110.77 | 9.87 | 23.46 | -45.3 | 76.54 | 34.01 | 4.32 | -0.56 | 10.30 | 46.1 |
| 2021 (8) | 1.52 | -16.02 | 12.12 | 56.59 | 6.87 | 36.31 | 4.51 | 117.68 | 16.02 | 33.06 | 14.13 | 22.98 | 7.49 | -14.98 | 4.08 | -20.16 | 0.27 | -37.21 | 22.30 | 50.78 | 100.82 | 13.9 | 42.88 | 2.5 | 57.12 | -1.8 | 4.34 | 100.68 | 7.05 | 55.29 |
| 2020 (7) | 1.81 | -2.69 | 7.74 | 8.1 | 5.04 | 19.43 | 2.07 | 58.41 | 12.04 | -21.51 | 11.49 | -24.71 | 8.81 | -3.72 | 5.11 | -15.68 | 0.43 | 10.26 | 14.79 | -14.01 | 88.52 | 28.64 | 41.84 | 52.3 | 58.16 | -19.81 | 2.16 | 6211.83 | 4.54 | -6.97 |
| 2019 (6) | 1.86 | 63.16 | 7.16 | -38.8 | 4.22 | -38.75 | 1.31 | 16.03 | 15.34 | -13.48 | 15.26 | -13.0 | 9.15 | 62.52 | 6.06 | 39.31 | 0.39 | 62.5 | 17.20 | -13.13 | 68.81 | 67.01 | 27.47 | -29.39 | 72.53 | 18.72 | 0.03 | 43.58 | 4.88 | -37.68 |
| 2018 (5) | 1.14 | -30.91 | 11.70 | -49.15 | 6.89 | -16.08 | 1.13 | -61.06 | 17.73 | -78.29 | 17.54 | -78.06 | 5.63 | -31.51 | 4.35 | -33.79 | 0.24 | 200.0 | 19.80 | -77.37 | 41.20 | 45.07 | 38.91 | 288.27 | 61.09 | -32.03 | 0.02 | 0 | 7.83 | -61.84 |
| 2017 (4) | 1.65 | 2.48 | 23.01 | -8.11 | 8.21 | -36.99 | 2.89 | -2.56 | 81.65 | -2.87 | 79.96 | -0.74 | 8.22 | 0.24 | 6.57 | 0.46 | 0.08 | 0.0 | 87.51 | -3.03 | 28.40 | -1.76 | 10.02 | -35.16 | 89.88 | 6.31 | 0.00 | 0 | 20.52 | 4.22 |
| 2016 (3) | 1.61 | -10.56 | 25.04 | 30.35 | 13.03 | 45.26 | 2.97 | -65.18 | 84.06 | 12.7 | 80.56 | 17.35 | 8.20 | -11.83 | 6.54 | -9.42 | 0.08 | -20.0 | 90.24 | 4.49 | 28.91 | -3.6 | 15.45 | 28.31 | 84.55 | -3.88 | 0.00 | 0 | 19.69 | 33.85 |
| 2015 (2) | 1.80 | -38.57 | 19.21 | 32.94 | 8.97 | 160.0 | 8.53 | 4.06 | 74.59 | -31.02 | 68.65 | -35.56 | 9.30 | -41.73 | 7.22 | -39.88 | 0.10 | -9.09 | 86.36 | -27.5 | 29.99 | -19.29 | 12.05 | 277.27 | 87.95 | -9.14 | 0.00 | 0 | 14.71 | -12.34 |
| 2014 (1) | 2.93 | 125.38 | 14.45 | 0 | 3.45 | 0 | 8.20 | 66.05 | 108.13 | 0 | 106.54 | 0 | 15.96 | 0 | 12.01 | 0 | 0.11 | -42.11 | 119.11 | 231.69 | 37.16 | 10.76 | 3.19 | 0 | 96.81 | -29.42 | 0.00 | 0 | 16.78 | 75.89 |
