- 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) | 0.91 | 384.38 | 2.25 | 16.59 | 9.43 | -1.37 | 3.50 | -35.42 | -54.01 | 11.68 | 2436.0 | 90.85 | 9.95 | 532.61 | 89.52 | 3.22 | 403.77 | -3.88 | 2.06 | 407.46 | 11.35 | 0.21 | -27.59 | -40.0 | 14.53 | 819.62 | 87.48 | 64.72 | 30.48 | -20.81 | 30.00 | 103.33 | -75.45 | 70.00 | -93.0 | 380.0 | 0.00 | -100.0 | -100.0 |
| 23Q4 (19) | -0.32 | -116.67 | -194.12 | 15.16 | -12.97 | -10.98 | 5.42 | -38.27 | -19.82 | -0.50 | -103.62 | -114.62 | -2.30 | -120.65 | -235.29 | -1.06 | -115.68 | -180.3 | -0.67 | -116.07 | -191.78 | 0.29 | -21.62 | -30.95 | 1.58 | -89.73 | -67.49 | 49.60 | -23.61 | -40.18 | -900.00 | -1521.05 | -560.0 | 1000.00 | 2627.27 | 1145.45 | 11.13 | 5.5 | 25.48 |
| 23Q3 (18) | 1.92 | 15.66 | -25.87 | 17.42 | 6.48 | -3.76 | 8.78 | 6.94 | 2.93 | 13.82 | 14.59 | -6.24 | 11.14 | 12.87 | -6.93 | 6.76 | 8.33 | -36.29 | 4.17 | 13.62 | -23.2 | 0.37 | 0.0 | -17.78 | 15.38 | 13.42 | -4.47 | 64.93 | 9.22 | -25.31 | 63.33 | -7.44 | 9.78 | 36.67 | 16.11 | -13.33 | 10.55 | 12.83 | 10.94 |
| 23Q2 (17) | 1.66 | 86.52 | -17.82 | 16.36 | -2.73 | -2.79 | 8.21 | 7.88 | -3.18 | 12.06 | 97.06 | 7.77 | 9.87 | 88.0 | 13.06 | 6.24 | 86.27 | -31.95 | 3.67 | 98.38 | -16.97 | 0.37 | 5.71 | -26.0 | 13.56 | 74.97 | 7.88 | 59.45 | -27.26 | -44.23 | 68.42 | -44.02 | -9.13 | 31.58 | 226.32 | 34.21 | 9.35 | -18.41 | -1.68 |
| 23Q1 (16) | 0.89 | 161.76 | -26.45 | 16.82 | -1.23 | -3.67 | 7.61 | 12.57 | 18.91 | 6.12 | 78.95 | -40.58 | 5.25 | 208.82 | -39.31 | 3.35 | 153.79 | -39.75 | 1.85 | 153.42 | -31.23 | 0.35 | -16.67 | 12.9 | 7.75 | 59.47 | -38.15 | 81.73 | -1.42 | -26.28 | 122.22 | -37.53 | 98.08 | -25.00 | 73.86 | -165.28 | 11.46 | 29.2 | -9.48 |
| 22Q4 (15) | 0.34 | -86.87 | -72.8 | 17.03 | -5.91 | -10.08 | 6.76 | -20.75 | -7.52 | 3.42 | -76.8 | -47.87 | 1.70 | -85.8 | -77.66 | 1.32 | -87.56 | -76.96 | 0.73 | -86.56 | -73.84 | 0.42 | -6.67 | 16.67 | 4.86 | -69.81 | -43.29 | 82.91 | -4.62 | -22.04 | 195.65 | 239.13 | 75.59 | -95.65 | -326.09 | -736.96 | 8.87 | -6.73 | -21.09 |
| 22Q3 (14) | 2.59 | 28.22 | 254.79 | 18.10 | 7.55 | -5.48 | 8.53 | 0.59 | 50.44 | 14.74 | 31.72 | 135.84 | 11.97 | 37.11 | 109.63 | 10.61 | 15.7 | 204.89 | 5.43 | 22.85 | 223.21 | 0.45 | -10.0 | 55.17 | 16.10 | 28.08 | 81.51 | 86.93 | -18.44 | -20.94 | 57.69 | -23.38 | -37.5 | 42.31 | 79.81 | 450.0 | 9.51 | 0.0 | -32.02 |
| 22Q2 (13) | 2.02 | 66.94 | 210.77 | 16.83 | -3.61 | -32.97 | 8.48 | 32.5 | -24.76 | 11.19 | 8.64 | 59.86 | 8.73 | 0.92 | 57.87 | 9.17 | 64.93 | 209.8 | 4.42 | 64.31 | 200.68 | 0.50 | 61.29 | 92.31 | 12.57 | 0.32 | 27.36 | 106.59 | -3.86 | -5.31 | 75.29 | 22.03 | -52.72 | 23.53 | -38.56 | 139.71 | 9.51 | -24.88 | -36.13 |
| 22Q1 (12) | 1.21 | -3.2 | 53.16 | 17.46 | -7.81 | -18.53 | 6.40 | -12.45 | -20.3 | 10.30 | 57.01 | 41.68 | 8.65 | 13.67 | 29.49 | 5.56 | -2.97 | 62.1 | 2.69 | -3.58 | 64.02 | 0.31 | -13.89 | 29.17 | 12.53 | 46.21 | 24.06 | 110.87 | 4.25 | 13.02 | 61.70 | -44.63 | -44.27 | 38.30 | 435.11 | 457.45 | 12.66 | 12.63 | -13.64 |
| 21Q4 (11) | 1.25 | 71.23 | 11.61 | 18.94 | -1.1 | -10.62 | 7.31 | 28.92 | -36.43 | 6.56 | 4.96 | 1.55 | 7.61 | 33.27 | 23.14 | 5.73 | 64.66 | 12.57 | 2.79 | 66.07 | 27.98 | 0.36 | 24.14 | 5.88 | 8.57 | -3.38 | 1.78 | 106.35 | -3.28 | -19.32 | 111.43 | 20.71 | -37.73 | -11.43 | -248.57 | 85.52 | 11.24 | -19.66 | 6.24 |
| 21Q3 (10) | 0.73 | 12.31 | -62.56 | 19.15 | -23.74 | -14.89 | 5.67 | -49.69 | -58.88 | 6.25 | -10.71 | -47.17 | 5.71 | 3.25 | -35.33 | 3.48 | 17.57 | -63.41 | 1.68 | 14.29 | -58.42 | 0.29 | 11.54 | -35.56 | 8.87 | -10.13 | -33.21 | 109.96 | -2.32 | -25.71 | 92.31 | -42.04 | -21.54 | 7.69 | 112.98 | 146.7 | 13.99 | -6.04 | 53.57 |
| 21Q2 (9) | 0.65 | -17.72 | -37.5 | 25.11 | 17.17 | 11.7 | 11.27 | 40.35 | 0.45 | 7.00 | -3.71 | -25.93 | 5.53 | -17.22 | -17.59 | 2.96 | -13.7 | -41.96 | 1.47 | -10.37 | -40.49 | 0.26 | 8.33 | -27.78 | 9.87 | -2.28 | -15.71 | 112.57 | 14.75 | -9.88 | 159.26 | 43.85 | 34.11 | -59.26 | -453.09 | -216.05 | 14.89 | 1.57 | 0 |
| 21Q1 (8) | 0.79 | -29.46 | 14.49 | 21.43 | 1.13 | 9.45 | 8.03 | -30.17 | 49.53 | 7.27 | 12.54 | -3.58 | 6.68 | 8.09 | 11.15 | 3.43 | -32.61 | 2.69 | 1.64 | -24.77 | -1.8 | 0.24 | -29.41 | -11.11 | 10.10 | 19.95 | -5.08 | 98.10 | -25.57 | 1.66 | 110.71 | -38.13 | 55.0 | -10.71 | 86.43 | -137.5 | 14.66 | 38.56 | -12.11 |
| 20Q4 (7) | 1.12 | -42.56 | -1.75 | 21.19 | -5.82 | 5.37 | 11.50 | -16.61 | 3.14 | 6.46 | -45.39 | -18.64 | 6.18 | -30.01 | 2.32 | 5.09 | -46.48 | -11.48 | 2.18 | -46.04 | -17.42 | 0.34 | -24.44 | -20.93 | 8.42 | -36.6 | -13.55 | 131.81 | -10.95 | 7.21 | 178.95 | 52.11 | 27.08 | -78.95 | -379.32 | -93.42 | 10.58 | 16.14 | 2.32 |
| 20Q3 (6) | 1.95 | 87.5 | 59.84 | 22.50 | 0.09 | 13.41 | 13.79 | 22.91 | 67.76 | 11.83 | 25.19 | 33.67 | 8.83 | 31.59 | 34.4 | 9.51 | 86.47 | 44.53 | 4.04 | 63.56 | 35.12 | 0.45 | 25.0 | 0.0 | 13.28 | 13.41 | 24.58 | 148.01 | 18.49 | 18.95 | 117.65 | -0.93 | 27.06 | -16.47 | 12.16 | -322.35 | 9.11 | 0 | -18.37 |
| 20Q2 (5) | 1.04 | 50.72 | 46.48 | 22.48 | 14.81 | 17.08 | 11.22 | 108.94 | 113.71 | 9.45 | 25.33 | 50.0 | 6.71 | 11.65 | 39.5 | 5.10 | 52.69 | 36.36 | 2.47 | 47.9 | 28.65 | 0.36 | 33.33 | -7.69 | 11.71 | 10.06 | 37.12 | 124.91 | 29.44 | 0.19 | 118.75 | 66.25 | 42.5 | -18.75 | -165.62 | -212.5 | 0.00 | -100.0 | -100.0 |
| 20Q1 (4) | 0.69 | -39.47 | 0.0 | 19.58 | -2.64 | 0.0 | 5.37 | -51.84 | 0.0 | 7.54 | -5.04 | 0.0 | 6.01 | -0.5 | 0.0 | 3.34 | -41.91 | 0.0 | 1.67 | -36.74 | 0.0 | 0.27 | -37.21 | 0.0 | 10.64 | 9.24 | 0.0 | 96.50 | -21.51 | 0.0 | 71.43 | -49.28 | 0.0 | 28.57 | 170.0 | 0.0 | 16.68 | 61.32 | 0.0 |
| 19Q4 (3) | 1.14 | -6.56 | 0.0 | 20.11 | 1.36 | 0.0 | 11.15 | 35.64 | 0.0 | 7.94 | -10.28 | 0.0 | 6.04 | -8.07 | 0.0 | 5.75 | -12.61 | 0.0 | 2.64 | -11.71 | 0.0 | 0.43 | -4.44 | 0.0 | 9.74 | -8.63 | 0.0 | 122.95 | -1.19 | 0.0 | 140.82 | 52.08 | 0.0 | -40.82 | -651.02 | 0.0 | 10.34 | -7.35 | 0.0 |
| 19Q3 (2) | 1.22 | 71.83 | 0.0 | 19.84 | 3.33 | 0.0 | 8.22 | 56.57 | 0.0 | 8.85 | 40.48 | 0.0 | 6.57 | 36.59 | 0.0 | 6.58 | 75.94 | 0.0 | 2.99 | 55.73 | 0.0 | 0.45 | 15.38 | 0.0 | 10.66 | 24.82 | 0.0 | 124.43 | -0.19 | 0.0 | 92.59 | 11.11 | 0.0 | 7.41 | -55.56 | 0.0 | 11.16 | -16.72 | 0.0 |
| 19Q2 (1) | 0.71 | 0.0 | 0.0 | 19.20 | 0.0 | 0.0 | 5.25 | 0.0 | 0.0 | 6.30 | 0.0 | 0.0 | 4.81 | 0.0 | 0.0 | 3.74 | 0.0 | 0.0 | 1.92 | 0.0 | 0.0 | 0.39 | 0.0 | 0.0 | 8.54 | 0.0 | 0.0 | 124.67 | 0.0 | 0.0 | 83.33 | 0.0 | 0.0 | 16.67 | 0.0 | 0.0 | 13.40 | 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) | 4.18 | -32.25 | 16.51 | -4.79 | 7.62 | -0.91 | 1.64 | 14.61 | 8.41 | -16.07 | 6.49 | -16.9 | 15.78 | -37.78 | 9.63 | -26.88 | 1.48 | -11.9 | 10.12 | -12.46 | 49.60 | -40.18 | 90.95 | 18.52 | 9.55 | -58.94 | 0.00 | 0 | 10.58 | 6.87 |
| 2022 (9) | 6.17 | 80.41 | 17.34 | -17.11 | 7.69 | -3.39 | 1.44 | -36.56 | 10.02 | 48.66 | 7.81 | 20.52 | 25.36 | 66.95 | 13.17 | 86.28 | 1.68 | 57.01 | 11.56 | 23.77 | 82.91 | -22.04 | 76.74 | -35.02 | 23.26 | 0 | 0.06 | -51.69 | 9.90 | -26.56 |
| 2021 (8) | 3.42 | -28.75 | 20.92 | -3.33 | 7.96 | -28.55 | 2.26 | 30.79 | 6.74 | -25.93 | 6.48 | -9.37 | 15.19 | -32.07 | 7.07 | -29.37 | 1.07 | -21.9 | 9.34 | -16.23 | 106.35 | -19.32 | 118.10 | -3.59 | -18.10 | 0 | 0.13 | -43.28 | 13.48 | 14.24 |
| 2020 (7) | 4.80 | 42.01 | 21.64 | 10.18 | 11.14 | 48.14 | 1.73 | -5.96 | 9.10 | 26.56 | 7.15 | 33.64 | 22.36 | 31.68 | 10.01 | 18.6 | 1.37 | -10.46 | 11.15 | 19.38 | 131.81 | 7.21 | 122.50 | 17.76 | -22.50 | 0 | 0.23 | -13.54 | 11.80 | -4.3 |
| 2019 (6) | 3.38 | 2.74 | 19.64 | -1.36 | 7.52 | 14.81 | 1.84 | 55.7 | 7.19 | -7.35 | 5.35 | -15.88 | 16.98 | -3.03 | 8.44 | -11.06 | 1.53 | 6.25 | 9.34 | 0.11 | 122.95 | 35.96 | 104.03 | 22.77 | -4.70 | 0 | 0.27 | -53.23 | 12.33 | -12.86 |
| 2018 (5) | 3.29 | 51.61 | 19.91 | -5.1 | 6.55 | -22.39 | 1.18 | 4.61 | 7.76 | 49.52 | 6.36 | 44.55 | 17.51 | 54.41 | 9.49 | 59.76 | 1.44 | 12.5 | 9.33 | 40.3 | 90.43 | -2.14 | 84.73 | -47.52 | 16.03 | 0 | 0.58 | 0 | 14.15 | 5.13 |
| 2017 (4) | 2.17 | -58.11 | 20.98 | 2.84 | 8.44 | -14.05 | 1.13 | 17.5 | 5.19 | -46.44 | 4.40 | -49.71 | 11.34 | -57.09 | 5.94 | -54.27 | 1.28 | -12.33 | 6.65 | -38.93 | 92.41 | -15.16 | 161.45 | 58.81 | -62.65 | 0 | 0.00 | 0 | 13.46 | 10.69 |
| 2016 (3) | 5.18 | -7.33 | 20.40 | 8.4 | 9.82 | 33.61 | 0.96 | 19.87 | 9.69 | 5.79 | 8.75 | 0.92 | 26.43 | -18.6 | 12.99 | -10.66 | 1.46 | -10.98 | 10.89 | 6.66 | 108.92 | 3.2 | 101.66 | 25.97 | -1.66 | 0 | 0.00 | 0 | 12.16 | 3.14 |
| 2015 (2) | 5.59 | 16.7 | 18.82 | 5.85 | 7.35 | 12.21 | 0.80 | 2.02 | 9.16 | 7.51 | 8.67 | 2.12 | 32.47 | -15.0 | 14.54 | -0.68 | 1.64 | -2.96 | 10.21 | 6.8 | 105.54 | -35.13 | 80.70 | 4.91 | 19.88 | -13.84 | 0.00 | 0 | 11.79 | 4.15 |
| 2014 (1) | 4.79 | 134.8 | 17.78 | 0 | 6.55 | 0 | 0.79 | -45.99 | 8.52 | 0 | 8.49 | 0 | 38.20 | 0 | 14.64 | 0 | 1.69 | 11.18 | 9.56 | 33.15 | 162.70 | -5.6 | 76.92 | -5.98 | 23.08 | 26.92 | 0.00 | 0 | 11.32 | -21.28 |
