- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q2 (20) | 2.13 | -4.05 | -42.28 | 31.32 | 19.59 | 57.07 | 12.33 | 77.41 | 312.37 | 14.59 | 0.62 | -47.95 | 12.15 | -0.25 | -52.85 | 2.30 | 7.98 | -52.38 | 1.58 | 6.04 | -40.38 | 0.12 | 9.09 | 20.0 | 22.77 | -2.27 | -38.54 | 56.74 | -0.4 | -34.32 | 84.34 | 76.29 | 696.81 | 15.66 | -69.98 | -82.49 | 24.09 | -6.19 | 18.38 |
| 24Q1 (19) | 2.22 | 200.0 | 77.6 | 26.19 | 6.99 | -8.2 | 6.95 | 115.17 | -38.44 | 14.50 | 3715.79 | 21.24 | 12.18 | 1106.61 | 16.56 | 2.13 | 1165.0 | 3.9 | 1.49 | 7550.0 | 18.25 | 0.11 | 0.0 | 0.0 | 23.30 | 142.71 | 5.96 | 56.97 | 6.27 | -43.67 | 47.84 | -94.58 | -49.14 | 52.16 | 106.8 | 780.15 | 25.68 | 2.11 | 23.7 |
| 23Q4 (18) | 0.74 | -66.21 | -37.29 | 24.48 | -1.92 | -22.34 | 3.23 | -41.59 | -75.97 | 0.38 | -97.13 | -96.59 | -1.21 | -110.67 | -112.93 | -0.20 | -109.57 | -110.58 | -0.02 | -101.45 | -101.59 | 0.11 | 0.0 | -8.33 | 9.60 | -56.48 | -51.1 | 53.61 | -1.51 | -24.12 | 883.33 | 2023.97 | 634.2 | -766.67 | -1412.53 | -3674.36 | 25.15 | -14.13 | 20.22 |
| 23Q3 (17) | 2.19 | -40.65 | 14.06 | 24.96 | 25.18 | -14.37 | 5.53 | 84.95 | -36.29 | 13.26 | -52.69 | -33.13 | 11.34 | -56.0 | -31.73 | 2.09 | -56.73 | -37.05 | 1.38 | -47.92 | -36.7 | 0.11 | 10.0 | -15.38 | 22.06 | -40.46 | -22.27 | 54.43 | -37.0 | -3.95 | 41.59 | 292.9 | -5.13 | 58.41 | -34.67 | 4.0 | 29.29 | 43.93 | 36.17 |
| 23Q2 (16) | 3.69 | 195.2 | 165.47 | 19.94 | -30.11 | -27.15 | 2.99 | -73.52 | -58.53 | 28.03 | 134.36 | 109.96 | 25.77 | 146.6 | 88.65 | 4.83 | 135.61 | 108.19 | 2.65 | 110.32 | 73.2 | 0.10 | -9.09 | -9.09 | 37.05 | 68.49 | 64.89 | 86.39 | -14.58 | 47.0 | 10.58 | -88.75 | -80.36 | 89.42 | 1408.88 | 93.99 | 20.35 | -1.97 | -7.71 |
| 23Q1 (15) | 1.25 | 5.93 | -23.78 | 28.53 | -9.49 | 8.64 | 11.29 | -16.0 | 44.93 | 11.96 | 7.17 | -31.85 | 10.45 | 11.65 | -31.3 | 2.05 | 8.47 | -17.0 | 1.26 | 0.0 | -23.64 | 0.11 | -8.33 | 0.0 | 21.99 | 12.02 | -14.8 | 101.13 | 43.14 | 76.92 | 94.07 | -21.81 | 112.58 | 5.93 | 129.17 | -89.37 | 20.76 | -0.76 | -4.55 |
| 22Q4 (14) | 1.18 | -38.54 | 43.9 | 31.52 | 8.13 | 13.02 | 13.44 | 54.84 | 92.0 | 11.16 | -43.72 | 44.0 | 9.36 | -43.65 | 17.44 | 1.89 | -43.07 | 61.54 | 1.26 | -42.2 | 51.81 | 0.12 | -7.69 | 20.0 | 19.63 | -30.83 | 20.87 | 70.65 | 24.67 | 41.64 | 120.31 | 174.46 | 33.68 | -20.31 | -136.17 | -303.12 | 20.92 | -2.74 | -5.0 |
| 22Q3 (13) | 1.92 | 38.13 | 28.0 | 29.15 | 6.5 | 1.99 | 8.68 | 20.39 | -3.98 | 19.83 | 48.54 | 19.46 | 16.61 | 21.6 | 10.88 | 3.32 | 43.1 | 44.35 | 2.18 | 42.48 | 34.57 | 0.13 | 18.18 | 30.0 | 28.38 | 26.3 | 13.52 | 56.67 | -3.57 | 16.1 | 43.84 | -18.68 | -19.28 | 56.16 | 21.85 | 22.91 | 21.51 | -2.45 | -4.74 |
| 22Q2 (12) | 1.39 | -15.24 | 13.93 | 27.37 | 4.23 | -12.42 | 7.21 | -7.45 | -47.75 | 13.35 | -23.93 | -0.52 | 13.66 | -10.19 | 23.4 | 2.32 | -6.07 | 22.75 | 1.53 | -7.27 | 15.04 | 0.11 | 0.0 | -8.33 | 22.47 | -12.94 | 6.8 | 58.77 | 2.82 | 34.24 | 53.91 | 21.81 | -47.68 | 46.09 | -17.32 | 1621.09 | 22.05 | 1.38 | 8.84 |
| 22Q1 (11) | 1.64 | 100.0 | -3.53 | 26.26 | -5.84 | -16.02 | 7.79 | 11.29 | -45.1 | 17.55 | 126.45 | -3.31 | 15.21 | 90.84 | 0.66 | 2.47 | 111.11 | -6.79 | 1.65 | 98.8 | -12.23 | 0.11 | 10.0 | -8.33 | 25.81 | 58.93 | 0.62 | 57.16 | 14.6 | 20.41 | 44.25 | -50.83 | -43.51 | 55.75 | 457.47 | 157.29 | 21.75 | -1.23 | 5.33 |
| 21Q4 (10) | 0.82 | -45.33 | -33.87 | 27.89 | -2.41 | -13.49 | 7.00 | -22.57 | -48.42 | 7.75 | -53.31 | 3.06 | 7.97 | -46.8 | 36.94 | 1.17 | -49.13 | 17.0 | 0.83 | -48.77 | 9.21 | 0.10 | 0.0 | -16.67 | 16.24 | -35.04 | 2.53 | 49.88 | 2.19 | 25.17 | 90.00 | 65.73 | -50.32 | 10.00 | -78.12 | 112.32 | 22.02 | -2.48 | 5.51 |
| 21Q3 (9) | 1.50 | 22.95 | 11.11 | 28.58 | -8.54 | 21.93 | 9.04 | -34.49 | 165.1 | 16.60 | 23.7 | 3.69 | 14.98 | 35.32 | 5.05 | 2.30 | 21.69 | 9.0 | 1.62 | 21.8 | 7.28 | 0.10 | -16.67 | 0.0 | 25.00 | 18.82 | -5.87 | 48.81 | 11.49 | 16.71 | 54.30 | -47.29 | 151.97 | 45.70 | 1607.95 | -41.75 | 22.58 | 11.45 | 1.39 |
| 21Q2 (8) | 1.22 | -28.24 | 506.67 | 31.25 | -0.06 | 45.15 | 13.80 | -2.75 | 365.9 | 13.42 | -26.06 | 236.8 | 11.07 | -26.74 | 244.14 | 1.89 | -28.68 | 310.0 | 1.33 | -29.26 | 337.5 | 0.12 | 0.0 | 50.0 | 21.04 | -17.97 | 528.06 | 43.78 | -7.77 | -11.14 | 103.03 | 31.53 | 98.96 | -3.03 | -113.99 | -106.53 | 20.26 | -1.89 | 0 |
| 21Q1 (7) | 1.70 | 37.1 | 112.5 | 31.27 | -3.01 | 6.51 | 14.19 | 4.57 | 22.33 | 18.15 | 141.36 | 80.24 | 15.11 | 159.62 | 103.36 | 2.65 | 165.0 | 110.32 | 1.88 | 147.37 | 100.0 | 0.12 | 0.0 | 0.0 | 25.65 | 61.93 | 35.71 | 47.47 | 19.12 | -3.02 | 78.33 | -56.76 | -31.95 | 21.67 | 126.7 | 243.33 | 20.65 | -1.05 | -6.18 |
| 20Q4 (6) | 1.24 | -8.15 | 44.19 | 32.24 | 37.54 | 6.68 | 13.57 | 297.95 | 12.61 | 7.52 | -53.03 | 18.24 | 5.82 | -59.19 | 55.2 | 1.00 | -52.61 | 26.58 | 0.76 | -49.67 | 24.59 | 0.12 | 20.0 | -14.29 | 15.84 | -40.36 | 11.79 | 39.85 | -4.71 | 6.1 | 181.16 | 740.58 | -3.91 | -81.16 | -203.46 | 8.32 | 20.87 | -6.29 | 5.24 |
| 20Q3 (5) | 1.35 | 550.0 | 45.16 | 23.44 | 8.87 | -20.03 | 3.41 | 165.7 | -63.02 | 16.01 | 263.2 | 75.16 | 14.26 | 285.68 | 118.38 | 2.11 | 334.44 | 38.82 | 1.51 | 369.64 | 45.19 | 0.10 | 25.0 | -28.57 | 26.56 | 692.84 | 47.97 | 41.82 | -15.12 | -27.0 | 21.55 | -58.38 | -78.73 | 78.45 | 68.97 | 6062.07 | 22.27 | 0 | -2.2 |
| 20Q2 (4) | -0.30 | -137.5 | 0.0 | 21.53 | -26.67 | 0.0 | -5.19 | -144.74 | 0.0 | -9.81 | -197.42 | 0.0 | -7.68 | -203.36 | 0.0 | -0.90 | -171.43 | 0.0 | -0.56 | -159.57 | 0.0 | 0.08 | -33.33 | 0.0 | 3.35 | -82.28 | 0.0 | 49.27 | 0.65 | 0.0 | 51.79 | -55.01 | 0.0 | 46.43 | 407.14 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (3) | 0.80 | -6.98 | 0.0 | 29.36 | -2.85 | 0.0 | 11.60 | -3.73 | 0.0 | 10.07 | 58.33 | 0.0 | 7.43 | 98.13 | 0.0 | 1.26 | 59.49 | 0.0 | 0.94 | 54.1 | 0.0 | 0.12 | -14.29 | 0.0 | 18.90 | 33.38 | 0.0 | 48.95 | 30.32 | 0.0 | 115.12 | -38.94 | 0.0 | -15.12 | 82.92 | 0.0 | 22.01 | 10.99 | 0.0 |
| 19Q4 (2) | 0.86 | -7.53 | 0.0 | 30.22 | 3.1 | 0.0 | 12.05 | 30.69 | 0.0 | 6.36 | -30.42 | 0.0 | 3.75 | -42.57 | 0.0 | 0.79 | -48.03 | 0.0 | 0.61 | -41.35 | 0.0 | 0.14 | 0.0 | 0.0 | 14.17 | -21.06 | 0.0 | 37.56 | -34.44 | 0.0 | 188.52 | 86.08 | 0.0 | -88.52 | -6627.87 | 0.0 | 19.83 | -12.91 | 0.0 |
| 19Q3 (1) | 0.93 | 0.0 | 0.0 | 29.31 | 0.0 | 0.0 | 9.22 | 0.0 | 0.0 | 9.14 | 0.0 | 0.0 | 6.53 | 0.0 | 0.0 | 1.52 | 0.0 | 0.0 | 1.04 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 17.95 | 0.0 | 0.0 | 57.29 | 0.0 | 0.0 | 101.32 | 0.0 | 0.0 | -1.32 | 0.0 | 0.0 | 22.77 | 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) | 7.68 | 25.08 | 24.40 | -15.01 | 5.44 | -42.31 | 7.43 | -2.46 | 12.65 | -18.12 | 10.83 | -20.54 | 7.74 | -17.22 | 5.43 | -11.27 | 0.45 | 4.65 | 21.86 | -9.14 | 53.61 | -24.12 | 43.14 | -29.41 | 57.00 | 46.58 | 7.43 | 209.56 | 24.37 | 13.19 |
| 2022 (9) | 6.14 | 16.95 | 28.71 | -3.69 | 9.43 | -15.35 | 7.62 | 5.6 | 15.45 | 9.81 | 13.63 | 10.54 | 9.35 | 21.9 | 6.12 | 12.29 | 0.43 | 0.0 | 24.06 | 9.12 | 70.65 | 41.64 | 61.11 | -22.85 | 38.89 | 87.09 | 2.40 | -5.22 | 21.53 | 0.89 |
| 2021 (8) | 5.25 | 69.35 | 29.81 | 8.88 | 11.14 | 55.59 | 7.22 | -19.13 | 14.07 | 100.14 | 12.33 | 114.06 | 7.67 | 138.2 | 5.45 | 117.13 | 0.43 | 7.5 | 22.05 | 30.4 | 49.88 | 25.17 | 79.21 | -22.23 | 20.79 | 0 | 2.53 | -19.2 | 21.34 | -8.61 |
| 2020 (7) | 3.10 | -24.57 | 27.38 | -8.4 | 7.16 | -35.03 | 8.93 | 22.9 | 7.03 | -34.36 | 5.76 | -24.8 | 3.22 | -46.86 | 2.51 | -44.59 | 0.40 | -28.57 | 16.91 | -10.81 | 39.85 | 6.1 | 101.85 | -0.9 | -1.85 | 0 | 3.14 | -12.15 | 23.35 | 7.55 |
| 2019 (6) | 4.11 | -41.95 | 29.89 | -7.38 | 11.02 | -36.19 | 7.26 | 30.57 | 10.71 | -41.98 | 7.66 | -45.52 | 6.06 | -60.39 | 4.53 | -57.86 | 0.56 | -25.33 | 18.96 | -22.96 | 37.56 | -25.99 | 102.78 | 9.89 | -2.78 | 0 | 3.57 | 6.84 | 21.71 | 8.39 |
| 2018 (5) | 7.08 | -0.42 | 32.27 | -4.75 | 17.27 | -10.01 | 5.56 | -12.35 | 18.46 | 6.64 | 14.06 | 1.81 | 15.30 | -1.1 | 10.75 | -7.49 | 0.75 | -9.64 | 24.61 | 2.33 | 50.75 | 28.58 | 93.52 | -15.63 | 6.48 | 0 | 3.34 | 0 | 20.03 | 4.87 |
| 2017 (4) | 7.11 | -5.2 | 33.88 | -0.09 | 19.19 | -2.09 | 6.35 | -6.88 | 17.31 | -7.97 | 13.81 | -8.48 | 15.47 | -9.21 | 11.62 | -14.31 | 0.83 | -6.74 | 24.05 | -7.11 | 39.47 | 34.16 | 110.85 | 6.35 | -10.85 | 0 | 0.00 | 0 | 19.10 | 2.63 |
| 2016 (3) | 7.50 | -7.75 | 33.91 | 6.67 | 19.60 | 4.53 | 6.81 | 1.58 | 18.81 | -9.44 | 15.09 | -12.47 | 17.04 | -16.84 | 13.56 | -18.51 | 0.89 | -7.29 | 25.89 | -6.37 | 29.42 | 27.14 | 104.23 | 15.51 | -4.23 | 0 | 0.00 | 0 | 18.61 | 9.86 |
| 2015 (2) | 8.13 | 2.78 | 31.79 | 0.41 | 18.75 | -6.25 | 6.71 | 6.08 | 20.77 | -0.91 | 17.24 | 0.52 | 20.49 | -0.77 | 16.64 | 1.28 | 0.96 | 0.0 | 27.65 | 0.73 | 23.14 | -1.95 | 90.23 | -5.49 | 9.63 | 112.82 | 0.00 | 0 | 16.94 | 5.41 |
| 2014 (1) | 7.91 | -1.0 | 31.66 | 0 | 20.00 | 0 | 6.32 | 22.88 | 20.96 | 0 | 17.15 | 0 | 20.65 | 0 | 16.43 | 0 | 0.96 | -1.03 | 27.45 | 2.43 | 23.60 | -16.87 | 95.47 | 15.22 | 4.53 | -73.37 | 0.00 | 0 | 16.07 | 3.81 |
