- 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) | 0.52 | 5100.0 | -3.7 | 40.97 | 8.01 | 7.7 | 10.88 | 1454.29 | -27.03 | 14.79 | 1342.86 | -4.46 | 10.58 | 473.85 | -12.78 | 1.31 | 496.97 | -16.03 | 1.05 | 520.0 | -17.97 | 0.10 | 11.11 | 0.0 | 21.28 | 286.91 | 0.05 | 24.89 | -7.95 | 12.27 | 73.33 | 232.0 | -23.82 | 26.67 | -82.86 | 614.67 | 0.00 | -100.0 | -100.0 |
| 23Q4 (19) | 0.01 | -98.68 | -97.78 | 37.93 | -11.56 | 1.25 | 0.70 | -95.82 | -93.72 | -1.19 | -105.96 | -108.13 | -2.83 | -118.5 | -122.13 | -0.33 | -115.28 | -120.25 | -0.25 | -114.62 | -118.94 | 0.09 | -18.18 | -10.0 | 5.50 | -78.45 | -73.3 | 27.04 | 7.26 | 16.25 | -55.56 | -166.38 | -172.7 | 155.56 | 854.07 | 559.77 | 23.09 | 38.51 | 5.05 |
| 23Q3 (18) | 0.76 | 300.0 | -6.17 | 42.89 | 51.18 | 9.16 | 16.75 | 481.6 | -3.79 | 19.98 | 750.21 | -3.99 | 15.30 | 1988.89 | -8.66 | 2.16 | 2063.64 | -14.96 | 1.71 | 2237.5 | -13.2 | 0.11 | 10.0 | -8.33 | 25.52 | 213.13 | -1.54 | 25.21 | -14.19 | 1.33 | 83.70 | -33.04 | -0.06 | 16.30 | 165.22 | 0.3 | 16.67 | -7.44 | 5.31 |
| 23Q2 (17) | 0.19 | -64.81 | -17.39 | 28.37 | -25.42 | -1.05 | 2.88 | -80.68 | -49.38 | 2.35 | -84.82 | -47.89 | -0.81 | -106.68 | -128.62 | -0.11 | -107.05 | -128.95 | -0.08 | -106.25 | -126.67 | 0.10 | 0.0 | 0.0 | 8.15 | -61.68 | -19.94 | 29.38 | 32.52 | -14.07 | 125.00 | 29.84 | -2.5 | -25.00 | -770.0 | 2.5 | 18.01 | -0.5 | 7.65 |
| 23Q1 (16) | 0.54 | 20.0 | -15.62 | 38.04 | 1.55 | 7.19 | 14.91 | 33.72 | 4.63 | 15.48 | 5.74 | -13.37 | 12.13 | -5.16 | -15.0 | 1.56 | -4.29 | -22.0 | 1.28 | -3.03 | -18.47 | 0.10 | 0.0 | -9.09 | 21.27 | 3.25 | -8.67 | 22.17 | -4.69 | -19.53 | 96.27 | 25.97 | 20.34 | 3.73 | -84.17 | -81.34 | 18.10 | -17.65 | 7.74 |
| 22Q4 (15) | 0.45 | -44.44 | 7.14 | 37.46 | -4.66 | 29.08 | 11.15 | -35.96 | 17.62 | 14.64 | -29.65 | 47.58 | 12.79 | -23.64 | 61.29 | 1.63 | -35.83 | 10.88 | 1.32 | -32.99 | 17.86 | 0.10 | -16.67 | -28.57 | 20.60 | -20.52 | 46.51 | 23.26 | -6.51 | -22.47 | 76.42 | -8.74 | -19.52 | 23.58 | 45.04 | 461.14 | 21.98 | 38.85 | 51.59 |
| 22Q3 (14) | 0.81 | 252.17 | 62.0 | 39.29 | 37.04 | 24.41 | 17.41 | 205.98 | 37.63 | 20.81 | 361.42 | 72.84 | 16.75 | 491.87 | 73.76 | 2.54 | 568.42 | 49.41 | 1.97 | 556.67 | 52.71 | 0.12 | 20.0 | -7.69 | 25.92 | 154.62 | 57.47 | 24.88 | -27.23 | -29.22 | 83.74 | -34.68 | -20.38 | 16.26 | 163.4 | 413.51 | 15.83 | -5.38 | 10.85 |
| 22Q2 (13) | 0.23 | -64.06 | -56.6 | 28.67 | -19.22 | -19.17 | 5.69 | -60.07 | -61.08 | 4.51 | -74.76 | -65.36 | 2.83 | -80.17 | -73.89 | 0.38 | -81.0 | -77.25 | 0.30 | -80.89 | -77.1 | 0.10 | -9.09 | -16.67 | 10.18 | -56.29 | -43.29 | 34.19 | 24.1 | 6.18 | 128.21 | 60.26 | 13.96 | -25.64 | -228.21 | -105.13 | 16.73 | -0.42 | 4.89 |
| 22Q1 (12) | 0.64 | 52.38 | 25.49 | 35.49 | 22.29 | -12.8 | 14.25 | 50.32 | -13.0 | 17.87 | 80.14 | 10.65 | 14.27 | 79.95 | 10.45 | 2.00 | 36.05 | 25.79 | 1.57 | 40.18 | 21.71 | 0.11 | -21.43 | 10.0 | 23.29 | 65.65 | 4.53 | 27.55 | -8.17 | 6.37 | 80.00 | -15.75 | -20.62 | 20.00 | 376.0 | 1380.0 | 16.80 | 15.86 | -13.04 |
| 21Q4 (11) | 0.42 | -16.0 | -31.15 | 29.02 | -8.11 | -31.46 | 9.48 | -25.06 | -48.39 | 9.92 | -17.61 | -49.1 | 7.93 | -17.74 | -49.43 | 1.47 | -13.53 | -31.31 | 1.12 | -13.18 | -36.36 | 0.14 | 7.69 | 27.27 | 14.06 | -14.58 | -43.62 | 30.00 | -14.65 | 33.21 | 94.96 | -9.72 | 0.37 | 4.20 | 181.03 | -29.83 | 14.50 | 1.54 | -20.42 |
| 21Q3 (10) | 0.50 | -5.66 | 4.17 | 31.58 | -10.97 | -24.61 | 12.65 | -13.47 | -13.24 | 12.04 | -7.53 | -20.58 | 9.64 | -11.07 | -20.79 | 1.70 | 1.8 | 14.09 | 1.29 | -1.53 | 6.61 | 0.13 | 8.33 | 30.0 | 16.46 | -8.3 | -23.08 | 35.15 | 9.16 | 69.07 | 105.19 | -6.5 | 9.97 | -5.19 | 58.52 | -249.07 | 14.28 | -10.47 | -27.22 |
| 21Q2 (9) | 0.53 | 3.92 | 29.27 | 35.47 | -12.85 | -15.06 | 14.62 | -10.74 | 17.43 | 13.02 | -19.38 | 5.08 | 10.84 | -16.1 | 4.43 | 1.67 | 5.03 | 25.56 | 1.31 | 1.55 | 21.3 | 0.12 | 20.0 | 20.0 | 17.95 | -19.43 | -2.76 | 32.20 | 24.32 | 22.67 | 112.50 | 11.63 | 12.5 | -12.50 | -700.0 | 0 | 15.95 | -17.44 | -12.22 |
| 21Q1 (8) | 0.51 | -16.39 | 54.55 | 40.70 | -3.87 | -0.71 | 16.38 | -10.83 | 22.51 | 16.15 | -17.14 | 39.1 | 12.92 | -17.6 | 42.13 | 1.59 | -25.7 | 50.0 | 1.29 | -26.7 | 48.28 | 0.10 | -9.09 | 11.11 | 22.28 | -10.67 | 23.16 | 25.90 | 15.01 | 11.83 | 100.78 | 6.52 | -12.73 | -1.56 | -126.09 | 89.9 | 19.32 | 6.04 | -4.83 |
| 20Q4 (7) | 0.61 | 27.08 | 64.86 | 42.34 | 1.07 | 1.36 | 18.37 | 25.99 | 40.44 | 19.49 | 28.56 | 55.3 | 15.68 | 28.84 | 54.79 | 2.14 | 43.62 | 75.41 | 1.76 | 45.45 | 74.26 | 0.11 | 10.0 | 10.0 | 24.94 | 16.54 | 32.03 | 22.52 | 8.32 | -4.33 | 94.61 | -1.09 | -9.33 | 5.99 | 72.16 | 237.72 | 18.22 | -7.14 | -4.56 |
| 20Q3 (6) | 0.48 | 17.07 | 11.63 | 41.89 | 0.31 | 1.72 | 14.58 | 17.11 | -0.68 | 15.16 | 22.36 | 9.62 | 12.17 | 17.24 | 9.94 | 1.49 | 12.03 | 4.2 | 1.21 | 12.04 | 5.22 | 0.10 | 0.0 | 0.0 | 21.40 | 15.93 | 9.97 | 20.79 | -20.8 | 0.92 | 95.65 | -4.35 | -10.22 | 3.48 | 0 | 153.17 | 19.62 | 7.98 | 6.86 |
| 20Q2 (5) | 0.41 | 24.24 | -8.89 | 41.76 | 1.88 | -2.29 | 12.45 | -6.88 | -20.45 | 12.39 | 6.72 | -19.81 | 10.38 | 14.19 | -16.69 | 1.33 | 25.47 | -8.9 | 1.08 | 24.14 | -9.24 | 0.10 | 11.11 | 11.11 | 18.46 | 2.05 | -13.25 | 26.25 | 13.34 | -5.85 | 100.00 | -13.4 | -1.77 | -0.00 | 100.0 | 100.0 | 18.17 | -10.49 | -7.2 |
| 20Q1 (4) | 0.33 | -10.81 | 0.0 | 40.99 | -1.87 | 0.0 | 13.37 | 2.22 | 0.0 | 11.61 | -7.49 | 0.0 | 9.09 | -10.27 | 0.0 | 1.06 | -13.11 | 0.0 | 0.87 | -13.86 | 0.0 | 0.09 | -10.0 | 0.0 | 18.09 | -4.24 | 0.0 | 23.16 | -1.61 | 0.0 | 115.48 | 10.66 | 0.0 | -15.48 | -255.95 | 0.0 | 20.30 | 6.34 | 0.0 |
| 19Q4 (3) | 0.37 | -13.95 | 0.0 | 41.77 | 1.43 | 0.0 | 13.08 | -10.9 | 0.0 | 12.55 | -9.26 | 0.0 | 10.13 | -8.49 | 0.0 | 1.22 | -14.69 | 0.0 | 1.01 | -12.17 | 0.0 | 0.10 | 0.0 | 0.0 | 18.89 | -2.93 | 0.0 | 23.54 | 14.27 | 0.0 | 104.35 | -2.06 | 0.0 | -4.35 | 33.54 | 0.0 | 19.09 | 3.98 | 0.0 |
| 19Q3 (2) | 0.43 | -4.44 | 0.0 | 41.18 | -3.65 | 0.0 | 14.68 | -6.2 | 0.0 | 13.83 | -10.49 | 0.0 | 11.07 | -11.16 | 0.0 | 1.43 | -2.05 | 0.0 | 1.15 | -3.36 | 0.0 | 0.10 | 11.11 | 0.0 | 19.46 | -8.55 | 0.0 | 20.60 | -26.11 | 0.0 | 106.54 | 4.66 | 0.0 | -6.54 | -626.17 | 0.0 | 18.36 | -6.23 | 0.0 |
| 19Q2 (1) | 0.45 | 0.0 | 0.0 | 42.74 | 0.0 | 0.0 | 15.65 | 0.0 | 0.0 | 15.45 | 0.0 | 0.0 | 12.46 | 0.0 | 0.0 | 1.46 | 0.0 | 0.0 | 1.19 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 21.28 | 0.0 | 0.0 | 27.88 | 0.0 | 0.0 | 101.80 | 0.0 | 0.0 | -0.90 | 0.0 | 0.0 | 19.58 | 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) | 1.50 | -29.58 | 36.89 | 4.42 | 9.19 | -25.41 | 5.49 | 7.74 | 9.65 | -34.26 | 6.37 | -46.15 | 3.29 | -49.31 | 2.66 | -48.55 | 0.41 | -4.65 | 15.58 | -22.87 | 27.04 | 16.25 | 95.14 | 13.52 | 4.86 | -69.97 | 0.07 | 18.44 | 18.81 | 6.15 |
| 2022 (9) | 2.13 | 8.12 | 35.33 | 5.37 | 12.32 | -4.64 | 5.09 | 17.16 | 14.68 | 17.91 | 11.83 | 17.59 | 6.49 | 1.41 | 5.17 | 0.78 | 0.43 | -14.0 | 20.20 | 17.17 | 23.26 | -22.47 | 83.80 | -19.21 | 16.20 | 0 | 0.06 | -42.71 | 17.72 | 12.72 |
| 2021 (8) | 1.97 | 7.65 | 33.53 | -19.73 | 12.92 | -12.7 | 4.35 | -21.38 | 12.45 | -15.99 | 10.06 | -15.96 | 6.40 | 6.84 | 5.13 | 4.69 | 0.50 | 21.95 | 17.24 | -17.47 | 30.00 | 33.21 | 103.73 | 3.95 | -3.73 | 0 | 0.11 | 3.6 | 15.72 | -17.39 |
| 2020 (7) | 1.83 | 5.78 | 41.77 | 0.31 | 14.80 | 2.49 | 5.53 | 2.34 | 14.82 | 0.54 | 11.97 | 0.67 | 5.99 | 6.77 | 4.90 | 5.38 | 0.41 | 5.13 | 20.89 | 0.87 | 22.52 | -4.33 | 99.78 | 1.92 | 0.22 | -89.73 | 0.10 | 55.96 | 19.03 | -3.6 |
| 2019 (6) | 1.73 | -23.45 | 41.64 | 4.05 | 14.44 | 3.59 | 5.40 | 3.9 | 14.74 | -16.77 | 11.89 | -21.15 | 5.61 | -24.6 | 4.65 | -25.12 | 0.39 | -4.88 | 20.71 | -11.46 | 23.54 | 23.83 | 97.90 | 24.31 | 2.10 | -90.12 | 0.07 | 60.64 | 19.74 | 1.7 |
| 2018 (5) | 2.26 | 27.68 | 40.02 | -3.12 | 13.94 | -8.05 | 5.20 | -2.51 | 17.71 | 14.48 | 15.08 | 17.54 | 7.44 | 26.32 | 6.21 | 25.45 | 0.41 | 5.13 | 23.39 | 9.66 | 19.01 | -6.86 | 78.76 | -19.73 | 21.24 | 1031.06 | 0.04 | 0 | 19.41 | -0.92 |
| 2017 (4) | 1.77 | 0.57 | 41.31 | -0.94 | 15.16 | 1.95 | 5.33 | -2.07 | 15.47 | 2.72 | 12.83 | 0.47 | 5.89 | -0.84 | 4.95 | -2.17 | 0.39 | -2.5 | 21.33 | 0.95 | 20.41 | 14.53 | 98.12 | -0.68 | 1.88 | 55.87 | 0.00 | 0 | 19.59 | 4.31 |
| 2016 (3) | 1.76 | 31.34 | 41.70 | 10.46 | 14.87 | 32.77 | 5.44 | 5.12 | 15.06 | 30.16 | 12.77 | 31.11 | 5.94 | 29.13 | 5.06 | 27.78 | 0.40 | -2.44 | 21.13 | 22.07 | 17.82 | 5.51 | 98.80 | 1.99 | 1.20 | -61.57 | 0.00 | 0 | 18.78 | 4.62 |
| 2015 (2) | 1.34 | 25.23 | 37.75 | 6.94 | 11.20 | 76.38 | 5.18 | 6.75 | 11.57 | 22.3 | 9.74 | 17.92 | 4.60 | 23.99 | 3.96 | 19.28 | 0.41 | 2.5 | 17.31 | 16.8 | 16.89 | 7.72 | 96.87 | 44.42 | 3.13 | -90.48 | 0.00 | 0 | 17.95 | 2.75 |
| 2014 (1) | 1.07 | 132.61 | 35.30 | 0 | 6.35 | 0 | 4.85 | -0.95 | 9.46 | 0 | 8.26 | 0 | 3.71 | 0 | 3.32 | 0 | 0.40 | 8.11 | 14.82 | 29.32 | 15.68 | 106.04 | 67.07 | -6.23 | 32.93 | 15.65 | 0.00 | 0 | 17.47 | -6.08 |
