- 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) | 1.68 | 184.75 | 110.0 | 18.00 | -13.13 | -21.23 | 4.74 | -57.45 | -58.02 | 27.92 | 225.79 | 104.99 | 24.63 | 336.7 | 139.59 | 5.29 | 204.02 | 82.41 | 3.82 | 198.44 | 106.49 | 0.16 | -30.43 | -11.11 | 34.61 | 162.79 | 91.96 | 41.03 | 13.66 | -41.44 | 16.99 | -86.97 | -79.4 | 83.01 | 372.74 | 374.32 | 0.00 | -100.0 | -100.0 |
| 23Q4 (19) | 0.59 | -74.35 | -40.4 | 20.72 | 24.3 | -29.86 | 11.14 | 124.14 | -42.7 | 8.57 | -70.08 | -39.61 | 5.64 | -77.14 | -41.49 | 1.74 | -77.4 | -49.42 | 1.28 | -75.38 | -43.61 | 0.23 | 9.52 | 0.0 | 13.17 | -59.77 | -24.96 | 36.10 | -0.63 | -31.09 | 130.43 | 660.87 | -4.98 | -30.43 | -136.94 | 18.35 | 20.47 | -10.06 | -17.56 |
| 23Q3 (18) | 2.30 | 16.16 | -4.17 | 16.67 | -18.16 | -37.75 | 4.97 | -33.02 | -66.26 | 28.64 | 12.23 | -2.62 | 24.67 | 8.06 | 4.45 | 7.70 | 4.62 | -12.8 | 5.20 | 16.85 | -5.11 | 0.21 | 10.53 | -8.7 | 32.74 | 11.93 | 0.06 | 36.33 | -43.16 | -35.99 | 17.14 | -40.36 | -65.56 | 82.38 | 16.59 | 65.5 | 22.76 | -10.25 | -19.52 |
| 23Q2 (17) | 1.98 | 147.5 | -1.0 | 20.37 | -10.85 | -18.32 | 7.42 | -34.28 | -54.53 | 25.52 | 87.37 | 30.74 | 22.83 | 122.08 | 46.07 | 7.36 | 153.79 | -8.0 | 4.45 | 140.54 | -7.87 | 0.19 | 5.56 | -38.71 | 29.25 | 62.23 | 31.46 | 63.92 | -8.78 | -7.08 | 28.74 | -65.16 | -65.58 | 70.66 | 303.76 | 328.51 | 25.36 | -5.76 | 16.65 |
| 23Q1 (16) | 0.80 | -19.19 | 31.15 | 22.85 | -22.65 | 33.39 | 11.29 | -41.92 | 49.54 | 13.62 | -4.02 | 50.5 | 10.28 | 6.64 | 58.4 | 2.90 | -15.7 | 14.17 | 1.85 | -18.5 | 14.2 | 0.18 | -21.74 | -25.0 | 18.03 | 2.74 | 40.53 | 70.07 | 33.75 | 7.4 | 82.50 | -39.9 | -2.22 | 17.50 | 146.95 | 1.82 | 26.91 | 8.38 | 2.95 |
| 22Q4 (15) | 0.99 | -58.75 | 28.57 | 29.54 | 10.31 | 53.37 | 19.44 | 31.98 | 121.16 | 14.19 | -51.75 | 33.24 | 9.64 | -59.19 | 10.42 | 3.44 | -61.04 | 5.85 | 2.27 | -58.58 | 7.08 | 0.23 | 0.0 | -4.17 | 17.55 | -46.36 | 18.58 | 52.39 | -7.7 | -10.92 | 137.27 | 175.77 | 68.04 | -37.27 | -174.88 | -320.53 | 24.83 | -12.2 | -7.83 |
| 22Q3 (14) | 2.40 | 20.0 | 1042.86 | 26.78 | 7.38 | 93.22 | 14.73 | -9.74 | 401.02 | 29.41 | 50.67 | 669.9 | 23.62 | 51.12 | 703.4 | 8.83 | 10.38 | 859.78 | 5.48 | 13.46 | 769.84 | 0.23 | -25.81 | 21.05 | 32.72 | 47.06 | 270.98 | 56.76 | -17.49 | 1.68 | 49.78 | -40.39 | -34.67 | 49.78 | 201.88 | 109.07 | 28.28 | 30.08 | -3.08 |
| 22Q2 (13) | 2.00 | 227.87 | 769.57 | 24.94 | 45.59 | 41.95 | 16.32 | 116.16 | 139.65 | 19.52 | 115.69 | 540.0 | 15.63 | 140.83 | 422.74 | 8.00 | 214.96 | 708.08 | 4.83 | 198.15 | 654.69 | 0.31 | 29.17 | 55.0 | 22.25 | 73.42 | 183.8 | 68.79 | 5.44 | 4.43 | 83.51 | -1.02 | -61.46 | 16.49 | -4.06 | 113.49 | 21.74 | -16.83 | -17.96 |
| 22Q1 (12) | 0.61 | -20.78 | 569.23 | 17.13 | -11.06 | 42.75 | 7.55 | -14.11 | 799.07 | 9.05 | -15.02 | 996.04 | 6.49 | -25.66 | 458.56 | 2.54 | -21.85 | 588.46 | 1.62 | -23.58 | 723.08 | 0.24 | 0.0 | 41.18 | 12.83 | -13.31 | 175.91 | 65.24 | 10.93 | -7.77 | 84.38 | 3.29 | -29.69 | 17.19 | 1.69 | 0 | 26.14 | -2.97 | -17.09 |
| 21Q4 (11) | 0.77 | 266.67 | 113.89 | 19.26 | 38.96 | -3.41 | 8.79 | 198.98 | 0.46 | 10.65 | 178.8 | 150.0 | 8.73 | 196.94 | 137.87 | 3.25 | 253.26 | 127.27 | 2.12 | 236.51 | 125.53 | 0.24 | 26.32 | 0.0 | 14.80 | 67.8 | 76.61 | 58.81 | 5.36 | -5.37 | 81.69 | 7.22 | -59.8 | 16.90 | -29.01 | 116.37 | 26.94 | -7.68 | -6.98 |
| 21Q3 (10) | 0.21 | -8.7 | -85.31 | 13.86 | -21.12 | -53.78 | 2.94 | -56.83 | -85.96 | 3.82 | 25.25 | -72.73 | 2.94 | -1.67 | -73.75 | 0.92 | -7.07 | -84.94 | 0.63 | -1.56 | -82.69 | 0.19 | -5.0 | -40.62 | 8.82 | 12.5 | -48.09 | 55.82 | -15.26 | -8.31 | 76.19 | -64.84 | -48.95 | 23.81 | 119.48 | 148.35 | 29.18 | 10.11 | 30.21 |
| 21Q2 (9) | 0.23 | 276.92 | -88.38 | 17.57 | 46.42 | -31.5 | 6.81 | 730.56 | -58.32 | 3.05 | 401.98 | -82.75 | 2.99 | 265.19 | -80.53 | 0.99 | 290.38 | -89.25 | 0.64 | 346.15 | -87.79 | 0.20 | 17.65 | -41.18 | 7.84 | 68.6 | -62.03 | 65.87 | -6.88 | -15.66 | 216.67 | 80.56 | 133.77 | -122.22 | 0 | -1770.37 | 26.50 | -15.95 | 0 |
| 21Q1 (8) | -0.13 | -136.11 | 79.69 | 12.00 | -39.82 | -35.03 | -1.08 | -112.34 | -117.09 | -1.01 | -123.71 | 83.52 | -1.81 | -149.32 | 80.24 | -0.52 | -136.36 | 82.72 | -0.26 | -127.66 | 84.71 | 0.17 | -29.17 | -10.53 | 4.65 | -44.51 | 681.25 | 70.74 | 13.82 | -6.84 | 120.00 | -40.95 | 216.13 | -0.00 | 100.0 | -100.0 | 31.53 | 8.87 | 0 |
| 20Q4 (7) | 0.36 | -74.83 | -52.63 | 19.94 | -33.51 | -16.78 | 8.75 | -58.21 | -38.03 | 4.26 | -69.59 | -65.48 | 3.67 | -67.23 | -52.21 | 1.43 | -76.6 | -57.94 | 0.94 | -74.18 | -54.15 | 0.24 | -25.0 | -7.69 | 8.38 | -50.68 | -48.75 | 62.15 | 2.09 | -11.49 | 203.23 | 36.17 | 77.82 | -103.23 | -109.63 | -622.58 | 28.96 | 29.23 | 9.41 |
| 20Q3 (6) | 1.43 | -27.78 | 134.43 | 29.99 | 16.92 | 56.85 | 20.94 | 28.15 | 174.08 | 14.01 | -20.76 | 72.96 | 11.20 | -27.08 | 69.7 | 6.11 | -33.66 | 114.39 | 3.64 | -30.53 | 111.63 | 0.32 | -5.88 | 28.0 | 16.99 | -17.72 | 36.58 | 60.88 | -22.05 | -15.11 | 149.24 | 61.02 | 55.33 | -49.24 | -772.98 | -937.12 | 22.41 | 0 | -17.52 |
| 20Q2 (5) | 1.98 | 409.38 | 2100.0 | 25.65 | 38.87 | 45.99 | 16.34 | 158.54 | 305.46 | 17.68 | 388.42 | 835.45 | 15.36 | 267.69 | 1309.17 | 9.21 | 405.98 | 2261.54 | 5.24 | 408.24 | 1706.9 | 0.34 | 78.95 | 54.55 | 20.65 | 2681.25 | 198.41 | 78.10 | 2.86 | 10.0 | 92.68 | 189.69 | -57.87 | 7.32 | -96.46 | 106.65 | 0.00 | 0 | -100.0 |
| 20Q1 (4) | -0.64 | -184.21 | 0.0 | 18.47 | -22.91 | 0.0 | 6.32 | -55.24 | 0.0 | -6.13 | -149.68 | 0.0 | -9.16 | -219.27 | 0.0 | -3.01 | -188.53 | 0.0 | -1.70 | -182.93 | 0.0 | 0.19 | -26.92 | 0.0 | -0.80 | -104.89 | 0.0 | 75.93 | 8.13 | 0.0 | -103.33 | -190.42 | 0.0 | 206.67 | 1546.67 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (3) | 0.76 | 24.59 | 0.0 | 23.96 | 25.31 | 0.0 | 14.12 | 84.82 | 0.0 | 12.34 | 52.35 | 0.0 | 7.68 | 16.36 | 0.0 | 3.40 | 19.3 | 0.0 | 2.05 | 19.19 | 0.0 | 0.26 | 4.0 | 0.0 | 16.35 | 31.43 | 0.0 | 70.22 | -2.09 | 0.0 | 114.29 | 18.95 | 0.0 | -14.29 | -342.86 | 0.0 | 26.47 | -2.58 | 0.0 |
| 19Q3 (2) | 0.61 | 577.78 | 0.0 | 19.12 | 8.82 | 0.0 | 7.64 | 89.58 | 0.0 | 8.10 | 328.57 | 0.0 | 6.60 | 505.5 | 0.0 | 2.85 | 630.77 | 0.0 | 1.72 | 493.1 | 0.0 | 0.25 | 13.64 | 0.0 | 12.44 | 79.77 | 0.0 | 71.72 | 1.01 | 0.0 | 96.08 | -56.33 | 0.0 | 5.88 | 105.35 | 0.0 | 27.17 | -10.0 | 0.0 |
| 19Q2 (1) | 0.09 | 0.0 | 0.0 | 17.57 | 0.0 | 0.0 | 4.03 | 0.0 | 0.0 | 1.89 | 0.0 | 0.0 | 1.09 | 0.0 | 0.0 | 0.39 | 0.0 | 0.0 | 0.29 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 6.92 | 0.0 | 0.0 | 71.00 | 0.0 | 0.0 | 220.00 | 0.0 | 0.0 | -110.00 | 0.0 | 0.0 | 30.19 | 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) | 5.63 | -6.17 | 20.02 | -19.14 | 8.67 | -41.26 | 3.96 | 35.21 | 18.91 | 3.5 | 15.68 | 11.44 | 18.05 | -19.56 | 12.68 | -13.39 | 0.80 | -22.33 | 23.10 | 7.34 | 36.10 | -31.09 | 45.82 | -43.26 | 54.18 | 181.46 | 0.08 | -29.1 | 23.59 | -5.68 |
| 2022 (9) | 6.00 | 450.46 | 24.76 | 55.43 | 14.76 | 214.71 | 2.93 | -32.11 | 18.27 | 305.1 | 14.07 | 295.22 | 22.44 | 406.55 | 14.64 | 392.93 | 1.03 | 32.05 | 21.52 | 130.9 | 52.39 | -10.92 | 80.75 | -22.24 | 19.25 | 0 | 0.12 | -51.12 | 25.01 | -11.91 |
| 2021 (8) | 1.09 | -65.29 | 15.93 | -34.95 | 4.69 | -67.36 | 4.31 | 30.37 | 4.51 | -53.07 | 3.56 | -52.09 | 4.43 | -66.59 | 2.97 | -63.6 | 0.78 | -27.78 | 9.32 | -29.55 | 58.81 | -5.37 | 103.85 | -30.61 | -3.85 | 0 | 0.24 | 47.78 | 28.39 | 13.33 |
| 2020 (7) | 3.14 | 52.43 | 24.49 | 35.68 | 14.37 | 167.6 | 3.31 | -19.8 | 9.61 | 25.29 | 7.43 | 27.88 | 13.26 | 40.62 | 8.16 | 42.16 | 1.08 | 13.68 | 13.23 | 8.35 | 62.15 | -11.49 | 149.66 | 114.13 | -49.66 | 0 | 0.16 | -11.51 | 25.05 | -14.15 |
| 2019 (6) | 2.06 | 103.96 | 18.05 | 21.79 | 5.37 | 142.99 | 4.12 | 18.04 | 7.67 | 103.99 | 5.81 | 95.62 | 9.43 | 89.36 | 5.74 | 77.71 | 0.95 | -8.65 | 12.21 | 60.66 | 70.22 | -1.36 | 69.89 | 17.78 | 30.11 | -27.9 | 0.19 | 11.81 | 29.18 | 14.84 |
| 2018 (5) | 1.01 | 0 | 14.82 | -7.2 | 2.21 | 76.8 | 3.49 | -14.39 | 3.76 | 0 | 2.97 | 0 | 4.98 | 0 | 3.23 | 0 | 1.04 | 14.29 | 7.60 | 73.12 | 71.19 | 38.72 | 59.34 | 0 | 41.76 | -94.61 | 0.17 | 0 | 25.41 | 0.67 |
| 2017 (4) | -0.32 | 0 | 15.97 | -27.18 | 1.25 | -87.95 | 4.08 | 27.24 | -0.16 | 0 | -1.05 | 0 | -1.48 | 0 | -0.84 | 0 | 0.91 | -32.09 | 4.39 | -70.67 | 51.32 | -9.9 | -700.00 | 0 | 775.00 | 8659.85 | 0.00 | 0 | 25.24 | 29.44 |
| 2016 (3) | 4.11 | 0 | 21.93 | 116.49 | 10.37 | 0 | 3.21 | -3.71 | 11.38 | 0 | 9.15 | 0 | 19.52 | 0 | 12.39 | 0 | 1.34 | 25.23 | 14.97 | 796.41 | 56.96 | -9.23 | 90.88 | 21.18 | 8.85 | -67.33 | 0.00 | 0 | 19.50 | -15.14 |
| 2015 (2) | -0.97 | 0 | 10.13 | -43.69 | -1.49 | 0 | 3.33 | -13.64 | -2.01 | 0 | -2.92 | 0 | -4.78 | 0 | -2.94 | 0 | 1.07 | 28.92 | 1.67 | -87.27 | 62.75 | 39.91 | 75.00 | 22.06 | 27.08 | -30.83 | 0.00 | 0 | 22.98 | -13.87 |
| 2014 (1) | 2.08 | -63.25 | 17.99 | 0 | 5.44 | 0 | 3.86 | 53.53 | 8.90 | 0 | 7.97 | 0 | 9.80 | 0 | 6.82 | 0 | 0.83 | -30.83 | 13.12 | -35.56 | 44.85 | -10.64 | 61.45 | -25.39 | 39.16 | 121.89 | 0.00 | 0 | 26.68 | 27.41 |
