- 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) | 0.65 | -51.49 | -79.37 | 32.25 | -6.11 | -22.51 | 9.19 | -29.95 | -68.24 | 17.66 | -35.05 | -62.57 | 12.51 | -38.4 | -67.51 | 1.09 | -50.0 | -80.64 | 0.84 | -46.15 | -75.79 | 0.06 | -14.29 | -33.33 | 25.19 | -25.56 | -51.71 | 33.78 | -19.15 | -42.11 | 51.83 | 7.18 | -15.63 | 48.17 | -6.73 | 24.43 | 10.41 | 13.89 | 95.68 |
| 24Q2 (19) | 1.34 | -33.33 | -58.13 | 34.35 | -14.87 | -15.08 | 13.12 | -48.89 | -55.96 | 27.19 | -36.25 | -38.57 | 20.31 | -39.73 | -41.89 | 2.18 | -39.28 | -64.32 | 1.56 | -35.27 | -55.81 | 0.07 | 0.0 | -30.0 | 33.84 | -31.37 | -30.61 | 41.78 | -21.18 | -45.75 | 48.36 | -19.58 | -28.15 | 51.64 | 29.53 | 57.93 | 9.14 | 34.21 | 90.42 |
| 24Q1 (18) | 2.01 | 336.96 | -6.94 | 40.35 | 2.7 | -2.61 | 25.67 | 15.73 | -10.34 | 42.65 | 321.44 | 43.84 | 33.70 | 366.76 | 41.89 | 3.59 | 443.94 | -6.27 | 2.41 | 372.55 | 9.55 | 0.07 | 16.67 | -22.22 | 49.31 | 177.33 | 42.6 | 53.01 | -5.68 | -35.64 | 60.13 | -72.54 | -37.72 | 39.87 | 133.52 | 1056.25 | 6.81 | -23.4 | 30.21 |
| 23Q4 (17) | 0.46 | -85.4 | 483.33 | 39.29 | -5.6 | 40.72 | 22.18 | -23.36 | 115.13 | 10.12 | -78.55 | 231.94 | 7.22 | -81.25 | 161.92 | 0.66 | -88.28 | 148.89 | 0.51 | -85.3 | 180.95 | 0.06 | -33.33 | 0.0 | 17.78 | -65.91 | 4778.95 | 56.20 | -3.68 | -34.47 | 218.95 | 256.43 | 262.18 | -118.95 | -407.24 | -150.62 | 8.89 | 67.11 | 26.46 |
| 23Q3 (16) | 3.15 | -1.56 | -10.51 | 41.62 | 2.89 | -8.1 | 28.94 | -2.85 | 61.86 | 47.18 | 6.6 | -0.11 | 38.50 | 10.16 | 2.18 | 5.63 | -7.86 | -15.08 | 3.47 | -1.7 | -4.67 | 0.09 | -10.0 | 0.0 | 52.16 | 6.95 | 0.19 | 58.35 | -24.24 | -27.3 | 61.43 | -8.72 | 62.09 | 38.71 | 18.39 | -37.66 | 5.32 | 10.83 | 30.07 |
| 23Q2 (15) | 3.20 | 48.15 | 60.8 | 40.45 | -2.37 | -6.84 | 29.79 | 4.05 | 36.84 | 44.26 | 49.27 | 60.07 | 34.95 | 47.16 | 83.66 | 6.11 | 59.53 | 58.29 | 3.53 | 60.45 | 74.75 | 0.10 | 11.11 | 0.0 | 48.77 | 41.04 | 53.36 | 77.02 | -6.48 | -18.65 | 67.30 | -30.3 | -14.35 | 32.70 | 848.3 | 54.16 | 4.80 | -8.22 | 5.73 |
| 23Q1 (14) | 2.16 | 1900.0 | -13.94 | 41.43 | 48.39 | 1.35 | 28.63 | 177.69 | 44.52 | 29.65 | 486.57 | -16.5 | 23.75 | 303.69 | -16.7 | 3.83 | 383.7 | -24.01 | 2.20 | 449.21 | -16.03 | 0.09 | 50.0 | 0.0 | 34.58 | 9200.0 | -13.46 | 82.36 | -3.96 | -20.42 | 96.55 | 171.52 | 73.19 | 3.45 | -98.53 | -92.21 | 5.23 | -25.6 | -2.24 |
| 22Q4 (13) | -0.12 | -103.41 | -107.19 | 27.92 | -38.35 | -31.95 | 10.31 | -42.34 | -47.98 | -7.67 | -116.24 | -133.15 | -11.66 | -130.94 | -161.96 | -1.35 | -120.36 | -139.82 | -0.63 | -117.31 | -133.33 | 0.06 | -33.33 | -40.0 | -0.38 | -100.73 | -101.38 | 85.76 | 6.85 | -6.48 | -135.00 | -456.22 | -257.42 | 235.00 | 278.41 | 1549.8 | 7.03 | 71.88 | 34.16 |
| 22Q3 (12) | 3.52 | 76.88 | 109.52 | 45.29 | 4.31 | 30.29 | 17.88 | -17.87 | 37.01 | 47.23 | 70.81 | 127.29 | 37.68 | 98.0 | 102.04 | 6.63 | 71.76 | 103.37 | 3.64 | 80.2 | 88.6 | 0.09 | -10.0 | -10.0 | 52.06 | 63.71 | 108.82 | 80.26 | -15.23 | 2.59 | 37.90 | -51.77 | -39.65 | 62.10 | 192.77 | 66.94 | 4.09 | -9.91 | -38.03 |
| 22Q2 (11) | 1.99 | -20.72 | -13.85 | 43.42 | 6.21 | 29.73 | 21.77 | 9.89 | 75.0 | 27.65 | -22.13 | -17.22 | 19.03 | -33.25 | -32.68 | 3.86 | -23.41 | -21.7 | 2.02 | -22.9 | -35.46 | 0.10 | 11.11 | -9.09 | 31.80 | -20.42 | -15.22 | 94.68 | -8.51 | 37.18 | 78.57 | 40.93 | 110.73 | 21.21 | -52.06 | -66.18 | 4.54 | -15.14 | -20.49 |
| 22Q1 (10) | 2.51 | 50.3 | 15.67 | 40.88 | -0.37 | 26.68 | 19.81 | -0.05 | 19.34 | 35.51 | 53.46 | -1.5 | 28.51 | 51.49 | -10.96 | 5.04 | 48.67 | 12.25 | 2.62 | 38.62 | -14.94 | 0.09 | -10.0 | 0.0 | 39.96 | 45.63 | -3.17 | 103.49 | 12.86 | 103.32 | 55.75 | -34.99 | 21.25 | 44.25 | 210.65 | -18.09 | 5.35 | 2.1 | -23.13 |
| 21Q4 (9) | 1.67 | -0.6 | 68.69 | 41.03 | 18.04 | 31.93 | 19.82 | 51.88 | 13.26 | 23.14 | 11.36 | 19.59 | 18.82 | 0.91 | 18.74 | 3.39 | 3.99 | 60.66 | 1.89 | -2.07 | 26.85 | 0.10 | 0.0 | 11.11 | 27.44 | 10.07 | 9.02 | 91.70 | 17.22 | 102.92 | 85.76 | 36.56 | -5.04 | 14.24 | -61.71 | 46.94 | 5.24 | -20.61 | 0.58 |
| 21Q3 (8) | 1.68 | -27.27 | -2.89 | 34.76 | 3.85 | 20.03 | 13.05 | 4.9 | -9.69 | 20.78 | -37.78 | -47.64 | 18.65 | -34.03 | -47.93 | 3.26 | -33.87 | -18.5 | 1.93 | -38.34 | -31.32 | 0.10 | -9.09 | 25.0 | 24.93 | -33.54 | -47.0 | 78.23 | 13.34 | 81.0 | 62.80 | 68.43 | 72.83 | 37.20 | -40.68 | -41.57 | 6.60 | 15.59 | -19.22 |
| 21Q2 (7) | 2.31 | 6.45 | -29.36 | 33.47 | 3.72 | 47.32 | 12.44 | -25.06 | 135.61 | 33.40 | -7.35 | -72.19 | 28.27 | -11.71 | -76.33 | 4.93 | 9.8 | -33.91 | 3.13 | 1.62 | -41.05 | 0.11 | 22.22 | 175.0 | 37.51 | -9.11 | -71.9 | 69.02 | 35.6 | 50.37 | 37.28 | -18.91 | 765.65 | 62.72 | 16.1 | -34.46 | 5.71 | -17.96 | 0 |
| 21Q1 (6) | 2.17 | 119.19 | 1086.36 | 32.27 | 3.76 | -11.25 | 16.60 | -5.14 | -26.32 | 36.05 | 86.3 | 15573.91 | 32.02 | 102.02 | 729.08 | 4.49 | 112.8 | 901.79 | 3.08 | 106.71 | 932.43 | 0.09 | 0.0 | 12.5 | 41.27 | 63.97 | 451.74 | 50.90 | 12.64 | 36.94 | 45.98 | -49.08 | -99.49 | 54.02 | 457.26 | 100.6 | 6.96 | 33.59 | 0 |
| 20Q4 (5) | 0.99 | -42.77 | 94.12 | 31.10 | 7.39 | -10.89 | 17.50 | 21.11 | 10.27 | 19.35 | -51.25 | 169.87 | 15.85 | -55.75 | 58.82 | 2.11 | -47.25 | 95.37 | 1.49 | -46.98 | 83.95 | 0.09 | 12.5 | 12.5 | 25.17 | -46.49 | 77.5 | 45.19 | 4.56 | 15.69 | 90.31 | 148.53 | -58.89 | 9.69 | -84.77 | 108.1 | 5.21 | -36.23 | -61.0 |
| 20Q3 (4) | 1.73 | -47.09 | 0.0 | 28.96 | 27.46 | 0.0 | 14.45 | 173.67 | 0.0 | 39.69 | -66.95 | 0.0 | 35.82 | -70.01 | 0.0 | 4.00 | -46.38 | 0.0 | 2.81 | -47.08 | 0.0 | 0.08 | 100.0 | 0.0 | 47.04 | -64.76 | 0.0 | 43.22 | -5.84 | 0.0 | 36.34 | 743.61 | 0.0 | 63.66 | -33.47 | 0.0 | 8.17 | 0 | 0.0 |
| 20Q2 (3) | 3.27 | 1586.36 | 0.0 | 22.72 | -37.51 | 0.0 | 5.28 | -76.56 | 0.0 | 120.09 | 52113.04 | 0.0 | 119.45 | 2446.76 | 0.0 | 7.46 | 1432.14 | 0.0 | 5.31 | 1535.14 | 0.0 | 0.04 | -50.0 | 0.0 | 133.48 | 1684.49 | 0.0 | 45.90 | 23.49 | 0.0 | 4.31 | -99.95 | 0.0 | 95.69 | 101.07 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.22 | -143.14 | 0.0 | 36.36 | 4.18 | 0.0 | 22.53 | 41.97 | 0.0 | 0.23 | -96.79 | 0.0 | -5.09 | -151.0 | 0.0 | -0.56 | -151.85 | 0.0 | -0.37 | -145.68 | 0.0 | 0.08 | 0.0 | 0.0 | 7.48 | -47.25 | 0.0 | 37.17 | -4.84 | 0.0 | 9050.00 | 4020.33 | 0.0 | -8950.00 | -7380.6 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.51 | 0.0 | 0.0 | 34.90 | 0.0 | 0.0 | 15.87 | 0.0 | 0.0 | 7.17 | 0.0 | 0.0 | 9.98 | 0.0 | 0.0 | 1.08 | 0.0 | 0.0 | 0.81 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | 14.18 | 0.0 | 0.0 | 39.06 | 0.0 | 0.0 | 219.64 | 0.0 | 0.0 | -119.64 | 0.0 | 0.0 | 13.36 | 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) | 8.77 | 11.15 | 40.82 | 0.96 | 27.97 | 54.36 | 3.58 | -1.97 | 35.41 | 24.6 | 28.25 | 35.75 | 16.39 | 19.46 | 10.09 | 32.07 | 0.34 | -2.86 | 40.68 | 21.8 | 56.20 | -34.47 | 79.00 | 23.98 | 21.00 | -42.03 | 0.01 | 0 | 5.74 | 12.99 |
| 2022 (9) | 7.89 | 1.02 | 40.43 | 13.41 | 18.12 | 16.98 | 3.65 | -2.92 | 28.42 | 2.19 | 20.81 | -12.97 | 13.72 | -14.94 | 7.64 | -21.56 | 0.35 | -12.5 | 33.40 | 3.63 | 85.76 | -6.48 | 63.72 | 14.47 | 36.22 | -18.31 | 0.00 | 0 | 5.08 | -16.31 |
| 2021 (8) | 7.81 | 35.36 | 35.65 | 16.16 | 15.49 | -4.62 | 3.76 | -46.96 | 27.81 | -18.94 | 23.91 | -22.02 | 16.13 | 28.53 | 9.74 | 8.58 | 0.40 | 37.93 | 32.23 | -23.3 | 91.70 | 102.92 | 55.67 | 17.58 | 44.33 | -15.81 | 0.01 | -28.99 | 6.07 | -25.06 |
| 2020 (7) | 5.77 | -3.83 | 30.69 | -18.9 | 16.24 | -33.11 | 7.10 | 51.54 | 34.31 | 26.37 | 30.66 | 38.05 | 12.55 | -6.69 | 8.97 | -5.88 | 0.29 | -30.95 | 42.02 | 30.25 | 45.19 | 15.52 | 47.34 | -47.07 | 52.66 | 398.98 | 0.01 | 0 | 8.10 | -3.23 |
| 2019 (6) | 6.00 | -23.37 | 37.84 | 2.71 | 24.28 | -5.08 | 4.68 | 11.68 | 27.15 | -10.84 | 22.21 | -19.03 | 13.45 | -29.17 | 9.53 | -21.17 | 0.42 | -2.33 | 32.26 | -8.84 | 39.12 | -17.9 | 89.45 | 6.48 | 10.55 | -34.02 | 0.00 | 0 | 8.37 | 21.48 |
| 2018 (5) | 7.83 | 0 | 36.84 | 11.3 | 25.58 | 11.95 | 4.19 | -7.81 | 30.45 | 0 | 27.43 | 0 | 18.99 | 0 | 12.09 | 0 | 0.43 | 4.88 | 35.39 | 0 | 47.65 | -36.55 | 84.01 | 0 | 15.99 | -95.38 | 0.00 | 0 | 6.89 | 32.76 |
| 2017 (4) | -0.23 | 0 | 33.10 | -15.56 | 22.85 | -17.54 | 4.55 | 3.08 | -9.27 | 0 | -11.54 | 0 | -7.50 | 0 | -4.51 | 0 | 0.41 | -4.65 | -3.77 | 0 | 75.10 | 78.72 | -246.39 | 0 | 346.15 | 46861.54 | 0.00 | 0 | 5.19 | -23.34 |
| 2016 (3) | 6.58 | -15.53 | 39.20 | 0.49 | 27.71 | 4.92 | 4.41 | 21.57 | 27.92 | -6.4 | 22.48 | -7.87 | 13.31 | -20.44 | 9.87 | -24.77 | 0.43 | -18.87 | 33.10 | -2.42 | 42.02 | 22.79 | 99.26 | 12.21 | 0.74 | -93.57 | 0.00 | 0 | 6.77 | 16.52 |
| 2015 (2) | 7.79 | 72.35 | 39.01 | 21.56 | 26.41 | 28.96 | 3.63 | -3.37 | 29.83 | 20.43 | 24.40 | 26.82 | 16.73 | 47.79 | 13.12 | 53.09 | 0.53 | 20.45 | 33.92 | 16.93 | 34.22 | 43.84 | 88.46 | 6.9 | 11.47 | -33.93 | 0.00 | 0 | 5.81 | 11.95 |
| 2014 (1) | 4.52 | 3.67 | 32.09 | 0 | 20.48 | 0 | 3.76 | -2.25 | 24.77 | 0 | 19.24 | 0 | 11.32 | 0 | 8.57 | 0 | 0.44 | -2.22 | 29.01 | 0.28 | 23.79 | -49.13 | 82.75 | -5.41 | 17.36 | 38.73 | 0.00 | 0 | 5.19 | -0.57 |
