- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | 0.34 | 61.9 | 36.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 11.81 | 4.7 | 12.91 | 0.00 | -100.0 | -100.0 | 68.89 | -9.58 | 0.91 | 31.11 | 30.67 | 1.11 | 0.00 | -100.0 | -100.0 |
| 23Q4 (19) | 0.21 | -64.41 | -16.0 | 7.84 | -39.55 | -26.93 | 3.98 | -49.62 | -17.94 | 5.26 | -44.63 | -8.2 | 3.94 | -44.97 | -6.41 | 0.81 | -65.38 | -14.74 | 0.57 | -64.6 | -14.93 | 0.15 | -31.82 | -6.25 | 11.28 | -15.32 | -0.97 | 37.60 | -14.12 | -11.51 | 76.19 | -8.42 | -10.36 | 23.81 | 41.67 | 58.73 | 6.83 | 23.51 | -1.3 |
| 23Q3 (18) | 0.59 | 47.5 | 11.32 | 12.97 | 10.48 | 20.65 | 7.90 | 37.87 | 33.9 | 9.50 | 34.18 | 26.16 | 7.16 | 39.84 | 24.31 | 2.34 | 50.0 | 12.5 | 1.61 | 49.07 | 11.81 | 0.22 | 4.76 | -12.0 | 13.32 | 18.72 | 19.14 | 43.78 | -7.81 | 6.16 | 83.19 | 2.91 | 6.16 | 16.81 | -12.29 | -22.32 | 5.53 | -5.31 | 10.82 |
| 23Q2 (17) | 0.40 | 60.0 | -6.98 | 11.74 | 23.32 | -7.99 | 5.73 | 56.13 | -16.72 | 7.08 | 32.58 | -8.41 | 5.12 | 31.96 | -7.41 | 1.56 | 62.5 | -6.02 | 1.08 | 61.19 | -7.69 | 0.21 | 23.53 | 0.0 | 11.22 | 7.27 | -8.48 | 47.49 | 10.88 | 1.76 | 80.84 | 18.41 | -9.12 | 19.16 | -37.72 | 73.41 | 5.84 | -9.74 | 3.36 |
| 23Q1 (16) | 0.25 | 0.0 | -28.57 | 9.52 | -11.28 | -17.65 | 3.67 | -24.33 | -37.9 | 5.34 | -6.81 | -23.5 | 3.88 | -7.84 | -27.75 | 0.96 | 1.05 | -26.72 | 0.67 | 0.0 | -28.72 | 0.17 | 6.25 | -5.56 | 10.46 | -8.17 | -17.25 | 42.83 | 0.8 | 9.82 | 68.27 | -19.68 | -19.75 | 30.77 | 105.13 | 96.34 | 6.47 | -6.5 | -4.71 |
| 22Q4 (15) | 0.25 | -52.83 | -3.85 | 10.73 | -0.19 | -13.12 | 4.85 | -17.8 | 7.06 | 5.73 | -23.9 | 10.19 | 4.21 | -26.91 | 4.47 | 0.95 | -54.33 | -3.06 | 0.67 | -53.47 | -2.9 | 0.16 | -36.0 | -5.88 | 11.39 | 1.88 | 3.55 | 42.49 | 3.03 | 9.54 | 85.00 | 8.47 | -1.85 | 15.00 | -30.67 | 21.25 | 6.92 | 38.68 | -12.85 |
| 22Q3 (14) | 0.53 | 23.26 | -28.38 | 10.75 | -15.75 | -35.28 | 5.90 | -14.24 | -43.21 | 7.53 | -2.59 | -34.41 | 5.76 | 4.16 | -34.02 | 2.08 | 25.3 | -28.03 | 1.44 | 23.08 | -28.36 | 0.25 | 19.05 | 8.7 | 11.18 | -8.81 | -29.02 | 41.24 | -11.63 | -10.07 | 78.37 | -11.9 | -13.35 | 21.63 | 95.79 | 126.39 | 4.99 | -11.68 | -17.66 |
| 22Q2 (13) | 0.43 | 22.86 | -25.86 | 12.76 | 10.38 | -13.78 | 6.88 | 16.41 | -24.89 | 7.73 | 10.74 | -17.85 | 5.53 | 2.98 | -23.19 | 1.66 | 26.72 | -26.22 | 1.17 | 24.47 | -27.78 | 0.21 | 16.67 | -4.55 | 12.26 | -3.01 | -12.8 | 46.67 | 19.67 | 13.5 | 88.95 | 4.56 | -8.65 | 11.05 | -29.49 | 319.89 | 5.65 | -16.79 | -1.4 |
| 22Q1 (12) | 0.35 | 34.62 | -12.5 | 11.56 | -6.4 | -19.22 | 5.91 | 30.46 | -18.37 | 6.98 | 34.23 | -17.4 | 5.37 | 33.25 | -17.13 | 1.31 | 33.67 | -16.56 | 0.94 | 36.23 | -18.26 | 0.18 | 5.88 | 0.0 | 12.64 | 14.91 | -16.18 | 39.00 | 0.54 | 5.46 | 85.07 | -1.76 | -0.21 | 15.67 | 26.68 | 11.13 | 6.79 | -14.48 | -5.56 |
| 21Q4 (11) | 0.26 | -64.86 | 13.04 | 12.35 | -25.65 | 4.93 | 4.53 | -56.4 | -4.03 | 5.20 | -54.7 | -14.61 | 4.03 | -53.84 | -11.43 | 0.98 | -66.09 | 7.69 | 0.69 | -65.67 | 2.99 | 0.17 | -26.09 | 13.33 | 11.00 | -30.16 | -27.39 | 38.79 | -15.42 | 9.36 | 86.60 | -4.25 | 12.58 | 12.37 | 29.46 | -43.71 | 7.94 | 31.02 | 10.28 |
| 21Q3 (10) | 0.74 | 27.59 | -6.33 | 16.61 | 12.23 | -9.88 | 10.39 | 13.43 | -15.11 | 11.48 | 22.0 | -17.59 | 8.73 | 21.25 | -18.18 | 2.89 | 28.44 | -12.95 | 2.01 | 24.07 | -14.83 | 0.23 | 4.55 | 4.55 | 15.75 | 12.02 | -19.89 | 45.86 | 11.53 | 21.77 | 90.44 | -7.11 | 3.32 | 9.56 | 263.14 | -21.29 | 6.06 | 5.76 | -0.66 |
| 21Q2 (9) | 0.58 | 45.0 | -4.92 | 14.80 | 3.42 | -12.11 | 9.16 | 26.52 | -10.11 | 9.41 | 11.36 | -15.98 | 7.20 | 11.11 | -16.18 | 2.25 | 43.31 | -12.79 | 1.62 | 40.87 | -12.43 | 0.22 | 22.22 | 0.0 | 14.06 | -6.76 | -18.4 | 41.12 | 11.2 | -8.26 | 97.37 | 14.21 | 6.75 | 2.63 | -81.34 | -71.41 | 5.73 | -20.31 | -3.7 |
| 21Q1 (8) | 0.40 | 73.91 | 90.48 | 14.31 | 21.58 | 18.76 | 7.24 | 53.39 | 47.15 | 8.45 | 38.75 | 45.19 | 6.48 | 42.42 | 44.32 | 1.57 | 72.53 | 82.56 | 1.15 | 71.64 | 79.69 | 0.18 | 20.0 | 28.57 | 15.08 | -0.46 | -0.46 | 36.98 | 4.26 | 10.29 | 85.26 | 10.83 | 1.56 | 14.10 | -35.83 | -4.81 | 7.19 | -0.14 | -26.93 |
| 20Q4 (7) | 0.23 | -70.89 | -23.33 | 11.77 | -36.14 | -4.46 | 4.72 | -61.44 | -19.73 | 6.09 | -56.28 | -4.99 | 4.55 | -57.36 | -10.26 | 0.91 | -72.59 | -24.79 | 0.67 | -71.61 | -23.86 | 0.15 | -31.82 | -11.76 | 15.15 | -22.94 | 8.52 | 35.47 | -5.82 | -0.23 | 76.92 | -12.13 | -16.22 | 21.98 | 81.03 | 168.62 | 7.20 | 18.03 | -0.69 |
| 20Q3 (6) | 0.79 | 29.51 | 41.07 | 18.43 | 9.44 | 20.07 | 12.24 | 20.12 | 31.9 | 13.93 | 24.38 | 41.28 | 10.67 | 24.21 | 39.66 | 3.32 | 28.68 | 41.28 | 2.36 | 27.57 | 43.9 | 0.22 | 0.0 | 4.76 | 19.66 | 14.1 | 24.9 | 37.66 | -15.98 | -11.03 | 87.54 | -4.03 | -6.85 | 12.14 | 31.89 | 101.72 | 6.10 | 2.52 | -14.69 |
| 20Q2 (5) | 0.61 | 190.48 | 32.61 | 16.84 | 39.75 | 18.09 | 10.19 | 107.11 | 29.15 | 11.20 | 92.44 | 31.76 | 8.59 | 91.31 | 36.13 | 2.58 | 200.0 | 33.68 | 1.85 | 189.06 | 33.09 | 0.22 | 57.14 | 0.0 | 17.23 | 13.73 | 20.07 | 44.82 | 33.67 | -0.07 | 91.21 | 8.65 | -1.97 | 9.21 | -37.87 | 32.41 | 5.95 | -39.53 | -0.34 |
| 20Q1 (4) | 0.21 | -30.0 | 0.0 | 12.05 | -2.19 | 0.0 | 4.92 | -16.33 | 0.0 | 5.82 | -9.2 | 0.0 | 4.49 | -11.44 | 0.0 | 0.86 | -28.93 | 0.0 | 0.64 | -27.27 | 0.0 | 0.14 | -17.65 | 0.0 | 15.15 | 8.52 | 0.0 | 33.53 | -5.68 | 0.0 | 83.95 | -8.57 | 0.0 | 14.81 | 81.07 | 0.0 | 9.84 | 35.72 | 0.0 |
| 19Q4 (3) | 0.30 | -46.43 | 0.0 | 12.32 | -19.74 | 0.0 | 5.88 | -36.64 | 0.0 | 6.41 | -34.99 | 0.0 | 5.07 | -33.64 | 0.0 | 1.21 | -48.51 | 0.0 | 0.88 | -46.34 | 0.0 | 0.17 | -19.05 | 0.0 | 13.96 | -11.31 | 0.0 | 35.55 | -16.02 | 0.0 | 91.82 | -2.3 | 0.0 | 8.18 | 35.94 | 0.0 | 7.25 | 1.4 | 0.0 |
| 19Q3 (2) | 0.56 | 21.74 | 0.0 | 15.35 | 7.64 | 0.0 | 9.28 | 17.62 | 0.0 | 9.86 | 16.0 | 0.0 | 7.64 | 21.08 | 0.0 | 2.35 | 21.76 | 0.0 | 1.64 | 17.99 | 0.0 | 0.21 | -4.55 | 0.0 | 15.74 | 9.69 | 0.0 | 42.33 | -5.62 | 0.0 | 93.98 | 1.0 | 0.0 | 6.02 | -13.43 | 0.0 | 7.15 | 19.77 | 0.0 |
| 19Q2 (1) | 0.46 | 0.0 | 0.0 | 14.26 | 0.0 | 0.0 | 7.89 | 0.0 | 0.0 | 8.50 | 0.0 | 0.0 | 6.31 | 0.0 | 0.0 | 1.93 | 0.0 | 0.0 | 1.39 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 14.35 | 0.0 | 0.0 | 44.85 | 0.0 | 0.0 | 93.05 | 0.0 | 0.0 | 6.95 | 0.0 | 0.0 | 5.97 | 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) | 1.45 | -6.45 | 10.85 | -5.32 | 5.57 | -6.39 | 4.60 | -0.73 | 7.05 | -0.84 | 5.22 | -1.51 | 5.63 | -6.17 | 4.02 | -5.85 | 0.77 | -3.75 | 11.68 | -1.35 | 37.60 | -11.51 | 78.92 | -5.66 | 21.08 | 30.23 | 0.02 | -48.56 | 6.08 | 2.18 |
| 2022 (9) | 1.55 | -21.32 | 11.46 | -22.09 | 5.95 | -26.72 | 4.64 | -8.35 | 7.11 | -20.2 | 5.30 | -22.29 | 6.00 | -22.38 | 4.27 | -24.29 | 0.80 | -3.61 | 11.84 | -16.09 | 42.49 | 9.54 | 83.65 | -8.28 | 16.19 | 81.33 | 0.04 | -67.62 | 5.95 | -9.98 |
| 2021 (8) | 1.97 | 7.65 | 14.71 | -4.29 | 8.12 | -6.56 | 5.06 | -27.84 | 8.91 | -10.54 | 6.82 | -10.5 | 7.73 | 3.2 | 5.64 | 1.99 | 0.83 | 13.7 | 14.11 | -17.68 | 38.79 | 9.36 | 91.20 | 4.5 | 8.93 | -29.85 | 0.11 | -39.76 | 6.61 | -5.57 |
| 2020 (7) | 1.83 | 16.56 | 15.37 | 14.79 | 8.69 | 27.05 | 7.01 | 10.85 | 9.96 | 32.1 | 7.62 | 31.83 | 7.49 | 15.41 | 5.53 | 14.02 | 0.73 | -12.05 | 17.14 | 22.52 | 35.47 | -0.23 | 87.28 | -3.7 | 12.72 | 35.73 | 0.19 | -13.74 | 7.00 | 2.64 |
| 2019 (6) | 1.57 | 6.8 | 13.39 | 2.68 | 6.84 | 15.15 | 6.33 | -7.52 | 7.54 | 14.07 | 5.78 | -6.32 | 6.49 | 4.17 | 4.85 | 3.41 | 0.83 | 10.67 | 13.99 | 3.32 | 35.55 | 5.49 | 90.62 | 0.88 | 9.38 | -7.81 | 0.21 | 58.13 | 6.82 | -13.67 |
| 2018 (5) | 1.47 | -23.83 | 13.04 | -7.65 | 5.94 | -17.96 | 6.84 | 5.73 | 6.61 | -32.96 | 6.17 | -25.03 | 6.23 | -26.01 | 4.69 | -24.84 | 0.75 | 0.0 | 13.54 | -17.59 | 33.70 | -0.65 | 89.83 | 22.32 | 10.17 | -61.71 | 0.14 | 0 | 7.90 | 1.54 |
| 2017 (4) | 1.93 | 0.0 | 14.12 | -12.89 | 7.24 | -24.11 | 6.47 | 9.95 | 9.86 | -1.69 | 8.23 | -0.72 | 8.42 | 1.32 | 6.24 | 1.13 | 0.75 | 1.35 | 16.43 | 2.82 | 33.92 | -9.16 | 73.44 | -22.76 | 26.56 | 439.6 | 0.00 | 0 | 7.78 | 4.71 |
| 2016 (3) | 1.93 | -14.6 | 16.21 | -3.28 | 9.54 | -3.25 | 5.88 | 28.59 | 10.03 | -7.47 | 8.29 | -4.38 | 8.31 | -13.89 | 6.17 | -13.59 | 0.74 | -8.64 | 15.98 | 2.83 | 37.34 | 12.27 | 95.08 | 4.54 | 4.92 | -45.6 | 0.00 | 0 | 7.43 | 6.75 |
| 2015 (2) | 2.26 | -11.72 | 16.76 | -6.58 | 9.86 | -9.71 | 4.58 | 10.17 | 10.84 | -10.04 | 8.67 | -10.71 | 9.65 | -13.69 | 7.14 | -9.85 | 0.81 | 1.25 | 15.54 | -5.13 | 33.26 | -17.16 | 90.95 | 0.38 | 9.05 | -2.58 | 0.00 | 0 | 6.96 | 5.3 |
| 2014 (1) | 2.56 | -11.11 | 17.94 | 0 | 10.92 | 0 | 4.15 | 19.2 | 12.05 | 0 | 9.71 | 0 | 11.18 | 0 | 7.92 | 0 | 0.80 | -10.11 | 16.38 | -3.48 | 40.15 | -13.79 | 90.61 | -0.2 | 9.29 | 0.8 | 0.00 | 0 | 6.61 | 1.23 |
