- 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) | 0.79 | 259.09 | 194.05 | 19.55 | 34.64 | 296.55 | 12.71 | 58.88 | 4071.88 | 13.56 | 210.3 | 239.65 | 10.62 | 213.27 | 207.49 | 5.28 | 259.18 | 208.64 | 3.72 | 250.94 | 243.08 | 0.34 | 21.43 | 21.43 | 15.14 | 136.93 | 293.61 | 44.75 | -4.42 | -48.6 | 93.33 | -49.74 | 2793.33 | 6.67 | 107.78 | -93.11 | 0.00 | -100.0 | -100.0 |
| 23Q4 (19) | 0.22 | -65.62 | 151.16 | 14.52 | -14.59 | 922.54 | 8.00 | -34.16 | 1125.64 | 4.37 | -63.67 | 227.78 | 3.39 | -61.03 | 206.27 | 1.47 | -66.67 | 169.67 | 1.06 | -61.03 | 204.95 | 0.28 | -6.67 | -22.22 | 6.39 | -53.76 | 377.83 | 46.82 | -25.99 | -29.85 | 185.71 | 82.94 | 689.29 | -85.71 | -5557.14 | -212.09 | 5.46 | 35.82 | 140.53 |
| 23Q3 (18) | 0.64 | 288.24 | -47.54 | 17.00 | 182.86 | 114.38 | 12.15 | 578.77 | 110.94 | 12.03 | 478.3 | 40.87 | 8.70 | 316.96 | 35.3 | 4.41 | 283.75 | -28.99 | 2.72 | 322.95 | -12.26 | 0.30 | -9.09 | -36.17 | 13.82 | 908.19 | 49.24 | 63.26 | -17.44 | -39.6 | 101.52 | 284.57 | 51.03 | -1.52 | -100.95 | -104.62 | 4.02 | 19.64 | 127.12 |
| 23Q2 (17) | -0.34 | 59.52 | -116.67 | 6.01 | 21.91 | -50.98 | 1.79 | 659.37 | -79.45 | -3.18 | 67.25 | -126.63 | -4.01 | 59.41 | -140.88 | -2.40 | 50.62 | -121.26 | -1.22 | 53.08 | -123.51 | 0.33 | 17.86 | -36.54 | -1.71 | 78.13 | -113.63 | 76.62 | -12.0 | -30.37 | -55.00 | -1805.0 | -175.62 | 160.00 | 65.33 | 486.67 | 3.36 | -10.64 | 70.56 |
| 23Q1 (16) | -0.84 | -95.35 | -137.5 | 4.93 | 247.18 | -67.07 | -0.32 | 58.97 | -102.7 | -9.71 | -183.92 | -160.05 | -9.88 | -209.72 | -175.25 | -4.86 | -130.33 | -138.57 | -2.60 | -157.43 | -141.6 | 0.28 | -22.22 | -40.43 | -7.82 | -240.0 | -146.41 | 87.07 | 30.46 | -34.04 | 3.23 | -86.29 | -95.61 | 96.77 | 26.55 | 257.72 | 3.76 | 65.64 | 49.8 |
| 22Q4 (15) | -0.43 | -135.25 | -131.85 | 1.42 | -82.09 | -86.63 | -0.78 | -113.54 | -109.34 | -3.42 | -140.05 | -134.58 | -3.19 | -149.61 | -140.85 | -2.11 | -133.98 | -127.65 | -1.01 | -132.58 | -123.82 | 0.36 | -23.4 | -32.08 | -2.30 | -124.84 | -121.8 | 66.74 | -36.28 | -13.3 | 23.53 | -64.99 | -72.11 | 76.47 | 133.24 | 389.41 | 2.27 | 28.25 | 28.98 |
| 22Q3 (14) | 1.22 | -40.2 | -22.78 | 7.93 | -35.32 | -44.35 | 5.76 | -33.87 | -44.4 | 8.54 | -28.48 | -21.87 | 6.43 | -34.45 | -25.66 | 6.21 | -45.0 | -35.71 | 3.10 | -40.27 | -40.27 | 0.47 | -9.62 | -20.34 | 9.26 | -26.22 | -19.9 | 104.74 | -4.82 | 16.66 | 67.21 | -7.58 | -29.47 | 32.79 | 20.22 | 510.66 | 1.77 | -10.15 | -21.33 |
| 22Q2 (13) | 2.04 | -8.93 | 72.88 | 12.26 | -18.1 | -27.97 | 8.71 | -26.37 | -35.96 | 11.94 | -26.16 | -15.74 | 9.81 | -25.29 | -9.59 | 11.29 | -10.4 | 44.93 | 5.19 | -16.96 | 16.89 | 0.52 | 10.64 | 30.0 | 12.55 | -25.52 | -16.39 | 110.04 | -16.64 | 25.95 | 72.73 | -0.96 | -24.65 | 27.27 | 0.81 | 527.27 | 1.97 | -21.51 | -36.66 |
| 22Q1 (12) | 2.24 | 65.93 | 220.0 | 14.97 | 40.96 | 20.82 | 11.83 | 41.68 | 35.98 | 16.17 | 63.5 | 55.78 | 13.13 | 68.12 | 61.3 | 12.60 | 65.14 | 169.81 | 6.25 | 47.41 | 99.68 | 0.47 | -11.32 | 23.68 | 16.85 | 59.72 | 47.55 | 132.01 | 71.49 | 97.98 | 73.43 | -12.97 | -12.15 | 27.05 | 73.14 | 64.78 | 2.51 | 42.61 | -24.62 |
| 21Q4 (11) | 1.35 | -14.56 | 440.0 | 10.62 | -25.47 | -32.1 | 8.35 | -19.4 | 24.63 | 9.89 | -9.52 | 56.49 | 7.81 | -9.71 | 69.78 | 7.63 | -21.01 | 365.24 | 4.24 | -18.3 | 253.33 | 0.53 | -10.17 | 112.0 | 10.55 | -8.74 | 30.41 | 76.98 | -14.26 | 117.46 | 84.38 | -11.47 | -18.75 | 15.62 | 191.02 | 303.12 | 1.76 | -21.78 | -69.66 |
| 21Q3 (10) | 1.58 | 33.9 | 177.19 | 14.25 | -16.27 | 20.25 | 10.36 | -23.82 | 36.32 | 10.93 | -22.87 | 13.38 | 8.65 | -20.28 | 11.33 | 9.66 | 24.01 | 150.91 | 5.19 | 16.89 | 108.43 | 0.59 | 47.5 | 90.32 | 11.56 | -22.98 | 5.38 | 89.78 | 2.76 | 88.26 | 95.30 | -1.26 | 20.26 | 5.37 | 23.49 | -74.13 | 2.25 | -27.65 | -39.84 |
| 21Q2 (9) | 1.18 | 68.57 | 210.53 | 17.02 | 37.37 | 74.92 | 13.60 | 56.32 | 127.05 | 14.17 | 36.51 | 148.6 | 10.85 | 33.29 | 148.85 | 7.79 | 66.81 | 214.11 | 4.44 | 41.85 | 175.78 | 0.40 | 5.26 | 11.11 | 15.01 | 31.44 | 119.77 | 87.37 | 31.03 | 27.25 | 96.52 | 15.48 | -5.95 | 4.35 | -73.52 | 182.61 | 3.11 | -6.61 | 0 |
| 21Q1 (8) | 0.70 | 180.0 | 59.09 | 12.39 | -20.78 | 8.59 | 8.70 | 29.85 | 25.54 | 10.38 | 64.24 | 43.37 | 8.14 | 76.96 | 51.87 | 4.67 | 184.76 | 72.32 | 3.13 | 160.83 | 75.84 | 0.38 | 52.0 | 18.75 | 11.42 | 41.16 | 33.88 | 66.68 | 88.36 | 26.38 | 83.58 | -19.51 | -12.53 | 16.42 | 313.43 | 269.4 | 3.33 | -42.59 | 0 |
| 20Q4 (7) | 0.25 | -56.14 | -63.24 | 15.64 | 31.98 | 31.1 | 6.70 | -11.84 | -22.18 | 6.32 | -34.44 | -18.97 | 4.60 | -40.8 | -24.84 | 1.64 | -57.4 | -61.05 | 1.20 | -51.81 | -54.37 | 0.25 | -19.35 | -40.48 | 8.09 | -26.25 | -9.0 | 35.40 | -25.77 | -43.52 | 103.85 | 31.04 | -6.25 | -7.69 | -137.06 | 28.57 | 5.80 | 55.08 | 0 |
| 20Q3 (6) | 0.57 | 50.0 | -39.36 | 11.85 | 21.79 | -1.5 | 7.60 | 26.88 | -7.54 | 9.64 | 69.12 | -5.3 | 7.77 | 78.21 | -4.43 | 3.85 | 55.24 | -36.78 | 2.49 | 54.66 | -30.83 | 0.31 | -13.89 | -29.55 | 10.97 | 60.61 | -1.53 | 47.69 | -30.54 | -30.53 | 79.25 | -22.79 | -2.04 | 20.75 | 494.34 | 8.66 | 3.74 | 0 | 47.83 |
| 20Q2 (5) | 0.38 | -13.64 | -50.0 | 9.73 | -14.72 | -13.74 | 5.99 | -13.56 | -14.31 | 5.70 | -21.27 | -45.61 | 4.36 | -18.66 | -47.97 | 2.48 | -8.49 | -47.12 | 1.61 | -9.55 | -43.31 | 0.36 | 12.5 | 9.09 | 6.83 | -19.93 | -41.27 | 68.66 | 30.14 | -8.23 | 102.63 | 7.41 | 55.04 | -5.26 | -218.42 | -115.57 | 0.00 | 0 | -100.0 |
| 20Q1 (4) | 0.44 | -35.29 | 0.0 | 11.41 | -4.36 | 0.0 | 6.93 | -19.51 | 0.0 | 7.24 | -7.18 | 0.0 | 5.36 | -12.42 | 0.0 | 2.71 | -35.63 | 0.0 | 1.78 | -32.32 | 0.0 | 0.32 | -23.81 | 0.0 | 8.53 | -4.05 | 0.0 | 52.76 | -15.83 | 0.0 | 95.56 | -13.73 | 0.0 | 4.44 | 141.27 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (3) | 0.68 | -27.66 | 0.0 | 11.93 | -0.83 | 0.0 | 8.61 | 4.74 | 0.0 | 7.80 | -23.38 | 0.0 | 6.12 | -24.72 | 0.0 | 4.21 | -30.87 | 0.0 | 2.63 | -26.94 | 0.0 | 0.42 | -4.55 | 0.0 | 8.89 | -20.2 | 0.0 | 62.68 | -8.7 | 0.0 | 110.77 | 36.92 | 0.0 | -10.77 | -156.38 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q3 (2) | 0.94 | 23.68 | 0.0 | 12.03 | 6.65 | 0.0 | 8.22 | 17.6 | 0.0 | 10.18 | -2.86 | 0.0 | 8.13 | -2.98 | 0.0 | 6.09 | 29.85 | 0.0 | 3.60 | 26.76 | 0.0 | 0.44 | 33.33 | 0.0 | 11.14 | -4.21 | 0.0 | 68.65 | -8.25 | 0.0 | 80.90 | 22.21 | 0.0 | 19.10 | -43.49 | 0.0 | 2.53 | -15.95 | 0.0 |
| 19Q2 (1) | 0.76 | 0.0 | 0.0 | 11.28 | 0.0 | 0.0 | 6.99 | 0.0 | 0.0 | 10.48 | 0.0 | 0.0 | 8.38 | 0.0 | 0.0 | 4.69 | 0.0 | 0.0 | 2.84 | 0.0 | 0.0 | 0.33 | 0.0 | 0.0 | 11.63 | 0.0 | 0.0 | 74.82 | 0.0 | 0.0 | 66.20 | 0.0 | 0.0 | 33.80 | 0.0 | 0.0 | 3.01 | 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) | -0.33 | 0 | 10.10 | 4.23 | 4.97 | -27.66 | 1.08 | 147.38 | 0.21 | -97.7 | -1.06 | 0 | -1.87 | 0 | -0.69 | 0 | 1.12 | -47.42 | 2.03 | -79.45 | 46.82 | -29.85 | 2300.00 | 2956.08 | -2200.00 | 0 | 0.06 | 51.97 | 4.07 | 92.89 |
| 2022 (9) | 5.09 | 5.82 | 9.69 | -27.47 | 6.87 | -32.05 | 0.44 | -18.16 | 9.13 | -18.19 | 7.23 | -17.28 | 26.46 | -6.6 | 15.85 | -12.82 | 2.13 | 3.9 | 9.88 | -16.84 | 66.74 | -13.3 | 75.26 | -16.98 | 24.74 | 164.66 | 0.04 | -2.32 | 2.11 | -13.17 |
| 2021 (8) | 4.81 | 193.29 | 13.36 | 13.32 | 10.11 | 49.12 | 0.53 | -50.35 | 11.16 | 54.79 | 8.74 | 58.33 | 28.33 | 175.32 | 18.18 | 156.06 | 2.05 | 64.0 | 11.88 | 38.95 | 76.98 | 117.46 | 90.65 | -3.34 | 9.35 | 50.5 | 0.04 | -35.5 | 2.43 | -33.61 |
| 2020 (7) | 1.64 | -43.84 | 11.79 | 11.86 | 6.78 | -3.0 | 1.07 | 36.91 | 7.21 | -13.86 | 5.52 | -16.36 | 10.29 | -42.03 | 7.10 | -32.06 | 1.25 | -18.83 | 8.55 | -8.56 | 35.40 | -43.52 | 93.79 | 11.98 | 6.21 | -62.6 | 0.06 | 26.95 | 3.66 | 42.41 |
| 2019 (6) | 2.92 | -10.43 | 10.54 | 54.77 | 6.99 | 58.5 | 0.78 | 37.73 | 8.37 | 36.76 | 6.60 | 32.8 | 17.75 | -12.09 | 10.45 | -4.91 | 1.54 | -28.04 | 9.35 | 35.31 | 62.68 | -26.48 | 83.75 | 16.18 | 16.61 | -40.49 | 0.05 | 14.34 | 2.57 | 48.55 |
| 2018 (5) | 3.26 | 17.69 | 6.81 | -8.34 | 4.41 | -8.32 | 0.57 | -14.03 | 6.12 | 2.0 | 4.97 | 1.22 | 20.19 | 10.87 | 10.99 | 2.23 | 2.14 | 0.94 | 6.91 | -0.29 | 85.26 | -9.47 | 72.09 | -9.79 | 27.91 | 41.77 | 0.04 | 0 | 1.73 | -14.36 |
| 2017 (4) | 2.77 | 46.56 | 7.43 | -28.0 | 4.81 | -13.64 | 0.66 | -74.46 | 6.00 | -23.08 | 4.91 | -18.44 | 18.21 | 41.16 | 10.75 | 24.85 | 2.12 | 52.52 | 6.93 | -35.29 | 94.18 | 73.7 | 79.92 | 11.65 | 19.69 | -30.72 | 0.00 | 0 | 2.02 | -34.63 |
| 2016 (3) | 1.89 | 21.94 | 10.32 | 0.39 | 5.57 | 49.73 | 2.59 | -39.02 | 7.80 | 6.85 | 6.02 | 4.7 | 12.90 | 22.27 | 8.61 | 21.27 | 1.39 | 16.81 | 10.71 | -11.27 | 54.22 | 2.19 | 71.58 | 41.26 | 28.42 | -41.59 | 0.00 | 0 | 3.09 | -21.57 |
| 2015 (2) | 1.55 | 1.31 | 10.28 | 36.52 | 3.72 | 15.89 | 4.25 | 79.85 | 7.30 | 37.22 | 5.75 | 34.03 | 10.55 | -1.12 | 7.10 | 3.35 | 1.19 | -22.73 | 12.07 | 50.31 | 53.06 | -4.26 | 50.68 | -16.33 | 48.65 | 23.36 | 0.00 | 0 | 3.94 | 41.73 |
| 2014 (1) | 1.53 | 41.67 | 7.53 | 0 | 3.21 | 0 | 2.36 | -33.69 | 5.32 | 0 | 4.29 | 0 | 10.67 | 0 | 6.87 | 0 | 1.54 | 27.27 | 8.03 | -4.18 | 55.42 | -18.6 | 60.56 | 32.39 | 39.44 | -27.31 | 0.00 | 0 | 2.78 | -11.75 |
