- 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) | 0.54 | -74.77 | -69.66 | 18.99 | 3.32 | 11.05 | 8.54 | -8.57 | 3.26 | 3.48 | -73.0 | -72.27 | 2.83 | -72.39 | -70.37 | 0.79 | -75.47 | -69.96 | 0.56 | -73.83 | -67.63 | 0.18 | -10.0 | 0.0 | 10.67 | -45.56 | -47.64 | 54.32 | 1.25 | 7.52 | 245.60 | 239.19 | 273.01 | -145.60 | -627.67 | -529.09 | 34.19 | 10.11 | 11.88 |
| 24Q2 (19) | 2.14 | 44.59 | -34.56 | 18.38 | 1.66 | -2.13 | 9.34 | 66.79 | -17.56 | 12.89 | -5.08 | -24.66 | 10.25 | -3.39 | -23.79 | 3.22 | 41.23 | -36.49 | 2.14 | 39.87 | -30.29 | 0.20 | 42.86 | -9.09 | 19.60 | -17.4 | -16.31 | 53.65 | -0.2 | -13.16 | 72.41 | 75.43 | 9.37 | 27.59 | -53.01 | -18.36 | 31.05 | -15.14 | 11.73 |
| 24Q1 (18) | 1.48 | 348.48 | -40.8 | 18.08 | 1.86 | -14.47 | 5.60 | -34.58 | -58.05 | 13.58 | 169.44 | 10.59 | 10.61 | 520.47 | 12.99 | 2.28 | 365.31 | -40.93 | 1.53 | 313.51 | -31.7 | 0.14 | -26.32 | -39.13 | 23.73 | 89.08 | 30.24 | 53.76 | 5.39 | -32.98 | 41.27 | -75.63 | -62.03 | 58.73 | 184.67 | 775.35 | 36.59 | 21.44 | 26.17 |
| 23Q4 (17) | 0.33 | -81.46 | -89.75 | 17.75 | 3.8 | -24.11 | 8.56 | 3.51 | -46.63 | 5.04 | -59.84 | -61.64 | 1.71 | -82.09 | -82.39 | 0.49 | -81.37 | -89.83 | 0.37 | -78.61 | -86.14 | 0.19 | 5.56 | -26.92 | 12.55 | -38.42 | -29.97 | 51.01 | 0.97 | -37.96 | 169.35 | 157.21 | 38.78 | -69.35 | -304.39 | -214.79 | 30.13 | -1.41 | -7.35 |
| 23Q3 (16) | 1.78 | -45.57 | -74.09 | 17.10 | -8.95 | -29.46 | 8.27 | -27.01 | -51.61 | 12.55 | -26.65 | -44.54 | 9.55 | -29.0 | -46.8 | 2.63 | -48.13 | -76.62 | 1.73 | -43.65 | -69.54 | 0.18 | -18.18 | -41.94 | 20.38 | -12.98 | -22.98 | 50.52 | -18.23 | -45.99 | 65.84 | -0.54 | -12.81 | 33.93 | 0.4 | 38.61 | 30.56 | 9.97 | 7.91 |
| 23Q2 (15) | 3.27 | 30.8 | -36.26 | 18.78 | -11.16 | -16.68 | 11.33 | -15.13 | -28.29 | 17.11 | 39.33 | -13.89 | 13.45 | 43.24 | -12.83 | 5.07 | 31.35 | -46.8 | 3.07 | 37.05 | -32.53 | 0.22 | -4.35 | -24.14 | 23.42 | 28.54 | -2.01 | 61.78 | -22.98 | -44.15 | 66.20 | -39.09 | -16.69 | 33.80 | 488.67 | 64.58 | 27.79 | -4.17 | -3.37 |
| 23Q1 (14) | 2.50 | -22.36 | -13.49 | 21.14 | -9.62 | -2.4 | 13.35 | -16.77 | -4.91 | 12.28 | -6.54 | -19.58 | 9.39 | -3.3 | -20.69 | 3.86 | -19.92 | -33.68 | 2.24 | -16.1 | -22.49 | 0.23 | -11.54 | -4.17 | 18.22 | 1.67 | -10.16 | 80.21 | -2.44 | -29.62 | 108.70 | -10.93 | 18.1 | -8.70 | 60.53 | -207.3 | 29.00 | -10.82 | -7.38 |
| 22Q4 (13) | 3.22 | -53.13 | 54.07 | 23.39 | -3.51 | 22.14 | 16.04 | -6.14 | 39.48 | 13.14 | -41.94 | 25.14 | 9.71 | -45.91 | 12.51 | 4.82 | -57.16 | 11.32 | 2.67 | -52.99 | 15.09 | 0.26 | -16.13 | 0.0 | 17.92 | -32.28 | 16.97 | 82.22 | -12.09 | -13.12 | 122.03 | 61.59 | 11.41 | -22.03 | -190.0 | -131.09 | 32.52 | 14.83 | -3.53 |
| 22Q3 (12) | 6.87 | 33.92 | 273.37 | 24.24 | 7.54 | 36.33 | 17.09 | 8.16 | 75.64 | 22.63 | 13.89 | 133.54 | 17.95 | 16.33 | 118.1 | 11.25 | 18.05 | 186.26 | 5.68 | 24.84 | 166.67 | 0.31 | 6.9 | 24.0 | 26.46 | 10.71 | 80.37 | 93.53 | -15.45 | 9.65 | 75.52 | -4.96 | -24.85 | 24.48 | 19.21 | 5020.7 | 28.32 | -1.53 | -10.55 |
| 22Q2 (11) | 5.13 | 77.51 | 632.86 | 22.54 | 4.06 | 56.64 | 15.80 | 12.54 | 229.85 | 19.87 | 30.12 | 444.38 | 15.43 | 30.32 | 314.78 | 9.53 | 63.75 | 526.97 | 4.55 | 57.44 | 435.29 | 0.29 | 20.83 | 31.82 | 23.90 | 17.85 | 153.45 | 110.62 | -2.94 | 21.41 | 79.46 | -13.66 | -39.57 | 20.54 | 153.4 | 165.2 | 28.76 | -8.14 | -20.77 |
| 22Q1 (10) | 2.89 | 38.28 | 65.14 | 21.66 | 13.11 | 5.2 | 14.04 | 22.09 | 25.58 | 15.27 | 45.43 | 34.42 | 11.84 | 37.2 | 24.37 | 5.82 | 34.41 | 52.36 | 2.89 | 24.57 | 30.77 | 0.24 | -7.69 | 4.35 | 20.28 | 32.38 | 19.51 | 113.97 | 20.42 | 38.75 | 92.04 | -15.97 | -6.51 | 8.10 | 185.0 | 424.07 | 31.31 | -7.12 | -7.64 |
| 21Q4 (9) | 2.09 | 13.59 | 99.05 | 19.15 | 7.71 | -5.24 | 11.50 | 18.19 | -2.79 | 10.50 | 8.36 | 41.32 | 8.63 | 4.86 | 38.08 | 4.33 | 10.18 | 99.54 | 2.32 | 8.92 | 71.85 | 0.26 | 4.0 | 23.81 | 15.32 | 4.43 | 10.22 | 94.64 | 10.95 | 38.12 | 109.53 | 8.99 | -31.42 | -9.53 | -1816.31 | 83.92 | 33.71 | 6.48 | -9.89 |
| 21Q3 (8) | 1.84 | 162.86 | 75.24 | 17.78 | 23.56 | -11.5 | 9.73 | 103.13 | -5.63 | 9.69 | 165.48 | 43.98 | 8.23 | 121.24 | 43.63 | 3.93 | 158.55 | 73.13 | 2.13 | 150.59 | 53.24 | 0.25 | 13.64 | 4.17 | 14.67 | 55.57 | 14.52 | 85.30 | -6.38 | 43.72 | 100.50 | -23.57 | -34.31 | -0.50 | 98.42 | 99.06 | 31.66 | -12.78 | 1.18 |
| 21Q2 (7) | 0.70 | -60.0 | -28.57 | 14.39 | -30.11 | -27.72 | 4.79 | -57.16 | -51.02 | 3.65 | -67.87 | -58.0 | 3.72 | -60.92 | -48.4 | 1.52 | -60.21 | -27.96 | 0.85 | -61.54 | -36.57 | 0.22 | -4.35 | 22.22 | 9.43 | -44.43 | -42.99 | 91.11 | 10.92 | 20.39 | 131.50 | 33.56 | 16.76 | -31.50 | -2136.75 | -149.55 | 36.30 | 7.08 | 0.41 |
| 21Q1 (6) | 1.75 | 66.67 | -13.37 | 20.59 | 1.88 | -13.56 | 11.18 | -5.49 | -13.0 | 11.36 | 52.89 | -22.14 | 9.52 | 52.32 | -25.33 | 3.82 | 76.04 | -9.05 | 2.21 | 63.7 | -19.93 | 0.23 | 9.52 | 9.52 | 16.97 | 22.09 | -19.95 | 82.14 | 19.88 | 58.82 | 98.45 | -38.36 | 12.0 | 1.55 | 102.61 | -86.95 | 33.90 | -9.38 | -1.6 |
| 20Q4 (5) | 1.05 | 0.0 | -53.74 | 20.21 | 0.6 | -14.18 | 11.83 | 14.74 | -22.88 | 7.43 | 10.4 | -43.07 | 6.25 | 9.08 | -41.7 | 2.17 | -4.41 | -52.72 | 1.35 | -2.88 | -54.24 | 0.21 | -12.5 | -22.22 | 13.90 | 8.51 | -23.29 | 68.52 | 15.45 | 20.23 | 159.73 | 4.4 | 35.66 | -59.28 | -11.85 | -238.4 | 37.41 | 19.56 | 18.16 |
| 20Q3 (4) | 1.05 | 7.14 | 0.0 | 20.09 | 0.9 | 0.0 | 10.31 | 5.42 | 0.0 | 6.73 | -22.55 | 0.0 | 5.73 | -20.53 | 0.0 | 2.27 | 7.58 | 0.0 | 1.39 | 3.73 | 0.0 | 0.24 | 33.33 | 0.0 | 12.81 | -22.55 | 0.0 | 59.35 | -21.58 | 0.0 | 153.00 | 35.85 | 0.0 | -53.00 | -319.89 | 0.0 | 31.29 | -13.44 | 0.0 |
| 20Q2 (3) | 0.98 | -51.49 | 0.0 | 19.91 | -16.41 | 0.0 | 9.78 | -23.89 | 0.0 | 8.69 | -40.44 | 0.0 | 7.21 | -43.45 | 0.0 | 2.11 | -49.76 | 0.0 | 1.34 | -51.45 | 0.0 | 0.18 | -14.29 | 0.0 | 16.54 | -21.98 | 0.0 | 75.68 | 46.33 | 0.0 | 112.62 | 28.12 | 0.0 | -12.62 | -206.49 | 0.0 | 36.15 | 4.93 | 0.0 |
| 20Q1 (2) | 2.02 | -11.01 | 0.0 | 23.82 | 1.15 | 0.0 | 12.85 | -16.23 | 0.0 | 14.59 | 11.8 | 0.0 | 12.75 | 18.94 | 0.0 | 4.20 | -8.5 | 0.0 | 2.76 | -6.44 | 0.0 | 0.21 | -22.22 | 0.0 | 21.20 | 17.0 | 0.0 | 51.72 | -9.25 | 0.0 | 87.90 | -25.34 | 0.0 | 11.85 | 167.66 | 0.0 | 34.45 | 8.81 | 0.0 |
| 19Q4 (1) | 2.27 | 0.0 | 0.0 | 23.55 | 0.0 | 0.0 | 15.34 | 0.0 | 0.0 | 13.05 | 0.0 | 0.0 | 10.72 | 0.0 | 0.0 | 4.59 | 0.0 | 0.0 | 2.95 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 18.12 | 0.0 | 0.0 | 56.99 | 0.0 | 0.0 | 117.74 | 0.0 | 0.0 | -17.52 | 0.0 | 0.0 | 31.66 | 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) | 7.87 | -56.52 | 18.91 | -18.14 | 10.69 | -32.85 | 6.19 | 57.77 | 12.08 | -33.3 | 8.86 | -36.89 | 11.96 | -61.79 | 7.47 | -56.16 | 0.81 | -31.93 | 18.86 | -16.03 | 51.01 | -37.96 | 88.49 | 0.65 | 11.51 | -4.71 | 0.07 | 0.32 | 29.24 | -2.76 |
| 2022 (9) | 18.10 | 183.26 | 23.10 | 28.05 | 15.92 | 68.29 | 3.92 | -20.46 | 18.11 | 102.57 | 14.04 | 84.25 | 31.30 | 132.02 | 17.04 | 125.1 | 1.19 | 22.68 | 22.46 | 58.28 | 82.22 | -13.12 | 87.92 | -16.87 | 12.08 | 0 | 0.07 | 10.99 | 30.07 | -10.98 |
| 2021 (8) | 6.39 | 26.28 | 18.04 | -14.05 | 9.46 | -15.69 | 4.93 | -20.02 | 8.94 | -3.35 | 7.62 | -3.42 | 13.49 | 26.43 | 7.57 | 12.99 | 0.97 | 16.87 | 14.19 | -10.92 | 94.64 | 38.12 | 105.76 | -12.85 | -5.76 | 0 | 0.06 | -35.94 | 33.78 | -2.62 |
| 2020 (7) | 5.06 | -35.21 | 20.99 | 6.6 | 11.22 | -1.06 | 6.17 | 28.63 | 9.25 | -21.41 | 7.89 | -20.62 | 10.67 | -38.11 | 6.70 | -38.08 | 0.83 | -22.43 | 15.93 | -7.11 | 68.52 | 20.23 | 121.35 | 25.93 | -21.35 | 0 | 0.10 | -20.8 | 34.69 | 8.68 |
| 2019 (6) | 7.81 | 53.14 | 19.69 | 9.39 | 11.34 | 36.79 | 4.80 | -6.94 | 11.77 | 27.52 | 9.94 | 35.79 | 17.24 | 49.39 | 10.82 | 47.01 | 1.07 | 9.18 | 17.15 | 14.95 | 56.99 | -18.76 | 96.36 | 7.45 | 3.64 | -64.39 | 0.12 | -19.4 | 31.92 | -8.59 |
| 2018 (5) | 5.10 | -9.73 | 18.00 | -9.0 | 8.29 | -23.88 | 5.15 | 14.89 | 9.23 | -6.01 | 7.32 | -4.44 | 11.54 | -13.43 | 7.36 | -15.89 | 0.98 | -12.5 | 14.92 | 1.43 | 70.15 | 38.01 | 89.68 | -19.12 | 10.22 | 0 | 0.15 | 0 | 34.92 | 14.94 |
| 2017 (4) | 5.65 | 8.03 | 19.78 | 9.95 | 10.89 | 41.61 | 4.49 | -16.02 | 9.82 | -0.91 | 7.66 | 0.26 | 13.33 | 7.85 | 8.75 | 10.76 | 1.12 | 10.89 | 14.71 | -6.84 | 50.83 | -13.63 | 110.88 | 42.97 | -10.88 | 0 | 0.00 | 0 | 30.38 | -7.09 |
| 2016 (3) | 5.23 | 494.32 | 17.99 | 38.49 | 7.69 | 237.28 | 5.34 | 8.34 | 9.91 | 204.92 | 7.64 | 536.67 | 12.36 | 533.85 | 7.90 | 448.61 | 1.01 | -1.94 | 15.79 | 81.91 | 58.85 | -3.37 | 77.56 | 10.69 | 22.44 | -25.02 | 0.00 | 0 | 32.70 | -0.79 |
| 2015 (2) | 0.88 | -72.41 | 12.99 | -18.81 | 2.28 | -59.14 | 4.93 | 17.73 | 3.25 | -45.92 | 1.20 | -73.68 | 1.95 | -73.47 | 1.44 | -71.26 | 1.03 | -1.9 | 8.68 | -20.59 | 60.90 | 16.64 | 70.07 | -24.63 | 29.93 | 325.7 | 0.00 | 0 | 32.96 | 0.7 |
| 2014 (1) | 3.19 | 42.41 | 16.00 | 0 | 5.58 | 0 | 4.19 | -2.81 | 6.01 | 0 | 4.56 | 0 | 7.35 | 0 | 5.01 | 0 | 1.05 | 7.14 | 10.93 | 22.12 | 52.21 | -5.47 | 92.97 | 0.96 | 7.03 | -11.15 | 0.00 | 0 | 32.73 | -1.98 |
