- 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) | 0.27 | -79.07 | -61.43 | 28.53 | -28.94 | -3.74 | -0.90 | -104.89 | -108.77 | 3.21 | -77.46 | -68.5 | 0.74 | -92.67 | -90.01 | 0.18 | -95.04 | -93.38 | 0.25 | -89.13 | -84.94 | 0.16 | -23.81 | -23.81 | 9.48 | -51.18 | -39.11 | 52.40 | -9.72 | -29.69 | -30.77 | -123.64 | -130.07 | 123.08 | 527.84 | 0 | 29.81 | 48.75 | 55.5 |
| 23Q4 (19) | 1.29 | 79.17 | 86.96 | 40.15 | 24.96 | 20.64 | 18.39 | 110.17 | 33.55 | 14.24 | 66.16 | 22.97 | 10.10 | 54.43 | 30.83 | 3.63 | 41.8 | 34.94 | 2.30 | 45.57 | 44.65 | 0.21 | -4.55 | 10.53 | 19.42 | 38.81 | 13.9 | 58.04 | -33.91 | -26.21 | 130.14 | 27.11 | 10.86 | -28.77 | -1108.22 | -47.03 | 20.04 | -20.92 | -27.84 |
| 23Q3 (18) | 0.72 | 132.26 | 140.0 | 32.13 | 39.45 | 32.17 | 8.75 | 87400.0 | 67.95 | 8.57 | 50.09 | 29.85 | 6.54 | 124.74 | 104.38 | 2.56 | 166.67 | 141.51 | 1.58 | 122.54 | 135.82 | 0.22 | 15.79 | 29.41 | 13.99 | 19.27 | 11.03 | 87.82 | 19.09 | 4.09 | 102.38 | 0 | 29.32 | -2.38 | -102.38 | -111.43 | 25.34 | -0.59 | 21.65 |
| 23Q2 (17) | 0.31 | -55.71 | -36.73 | 23.04 | -22.27 | -14.86 | 0.01 | -99.9 | -99.9 | 5.71 | -43.96 | -53.0 | 2.91 | -60.73 | -58.78 | 0.96 | -64.71 | -52.71 | 0.71 | -57.23 | -38.79 | 0.19 | -9.52 | 26.67 | 11.73 | -24.66 | -37.74 | 73.74 | -1.06 | -28.53 | 0.00 | -100.0 | -100.0 | 100.00 | 0 | 471.43 | 25.49 | 32.97 | 9.35 |
| 23Q1 (16) | 0.70 | 1.45 | 366.67 | 29.64 | -10.94 | 15.24 | 10.26 | -25.49 | 372.81 | 10.19 | -12.0 | 177.66 | 7.41 | -4.02 | 290.0 | 2.72 | 1.12 | 423.08 | 1.66 | 4.4 | 336.84 | 0.21 | 10.53 | 40.0 | 15.57 | -8.68 | 52.05 | 74.53 | -5.25 | -6.37 | 102.33 | -12.83 | 75.42 | 0.00 | 100.0 | -100.0 | 19.17 | -30.97 | -22.51 |
| 22Q4 (15) | 0.69 | 130.0 | 109.09 | 33.28 | 36.9 | 46.48 | 13.77 | 164.3 | 571.71 | 11.58 | 75.45 | 101.04 | 7.72 | 141.25 | 67.1 | 2.69 | 153.77 | 97.79 | 1.59 | 137.31 | 93.9 | 0.19 | 11.76 | 18.75 | 17.05 | 35.32 | 48.52 | 78.66 | -6.77 | 4.19 | 117.39 | 48.28 | 252.17 | -19.57 | -193.91 | -131.61 | 27.77 | 33.32 | 7.26 |
| 22Q3 (14) | 0.30 | -38.78 | -47.37 | 24.31 | -10.16 | -12.17 | 5.21 | -47.48 | -45.79 | 6.60 | -45.68 | -42.91 | 3.20 | -54.67 | -58.87 | 1.06 | -47.78 | -52.25 | 0.67 | -42.24 | -48.46 | 0.17 | 13.33 | 13.33 | 12.60 | -33.12 | -22.41 | 84.37 | -18.23 | -4.53 | 79.17 | -4.04 | -4.53 | 20.83 | 19.05 | 22.02 | 20.83 | -10.64 | 4.73 |
| 22Q2 (13) | 0.49 | 226.67 | 8.89 | 27.06 | 5.21 | -5.88 | 9.92 | 357.14 | -14.34 | 12.15 | 231.06 | 3.93 | 7.06 | 271.58 | 2.62 | 2.03 | 290.38 | 9.73 | 1.16 | 205.26 | 3.57 | 0.15 | 0.0 | 0.0 | 18.84 | 83.98 | 19.09 | 103.18 | 29.62 | 23.78 | 82.50 | 41.43 | -17.5 | 17.50 | -58.0 | 0 | 23.31 | -5.78 | 8.12 |
| 22Q1 (12) | 0.15 | -54.55 | 25.0 | 25.72 | 13.2 | 2.27 | 2.17 | 5.85 | -28.62 | 3.67 | -36.28 | 19.16 | 1.90 | -58.87 | 74.31 | 0.52 | -61.76 | 85.71 | 0.38 | -53.66 | 52.0 | 0.15 | -6.25 | 0.0 | 10.24 | -10.8 | 0.89 | 79.60 | 5.43 | 1.61 | 58.33 | 75.0 | -41.67 | 41.67 | -32.69 | 0 | 24.74 | -4.44 | 0.49 |
| 21Q4 (11) | 0.33 | -42.11 | -25.0 | 22.72 | -17.92 | -24.52 | 2.05 | -78.67 | -80.42 | 5.76 | -50.17 | -37.93 | 4.62 | -40.62 | -17.65 | 1.36 | -38.74 | -9.33 | 0.82 | -36.92 | -13.68 | 0.16 | 6.67 | 0.0 | 11.48 | -29.31 | -28.65 | 75.50 | -14.56 | 1.6 | 33.33 | -59.8 | -70.37 | 61.90 | 262.59 | 595.24 | 25.89 | 30.17 | 53.47 |
| 21Q3 (10) | 0.57 | 26.67 | 159.09 | 27.68 | -3.72 | 21.56 | 9.61 | -17.01 | 31.64 | 11.56 | -1.11 | 144.92 | 7.78 | 13.08 | 66.95 | 2.22 | 20.0 | 103.67 | 1.30 | 16.07 | 78.08 | 0.15 | 0.0 | 7.14 | 16.24 | 2.65 | 43.34 | 88.37 | 6.01 | 28.15 | 82.93 | -17.07 | -47.23 | 17.07 | 0 | 129.88 | 19.89 | -7.75 | 0 |
| 21Q2 (9) | 0.45 | 275.0 | -2.17 | 28.75 | 14.31 | 3.83 | 11.58 | 280.92 | 187.34 | 11.69 | 279.55 | 1.48 | 6.88 | 531.19 | 4.72 | 1.85 | 560.71 | 50.41 | 1.12 | 348.0 | 38.27 | 0.15 | 0.0 | 36.36 | 15.82 | 55.86 | -21.22 | 83.36 | 6.41 | 26.88 | 100.00 | 0.0 | 180.0 | 0.00 | 0 | -100.0 | 21.56 | -12.43 | 0 |
| 21Q1 (8) | 0.12 | -72.73 | 128.57 | 25.15 | -16.45 | 37.06 | 3.04 | -70.96 | 166.23 | 3.08 | -66.81 | 143.38 | 1.09 | -80.57 | 114.61 | 0.28 | -81.33 | 116.67 | 0.25 | -73.68 | 128.09 | 0.15 | -6.25 | 15.38 | 10.15 | -36.92 | 1392.65 | 78.34 | 5.42 | 18.46 | 100.00 | -11.11 | 50.0 | 0.00 | 100.0 | -100.0 | 24.62 | 45.94 | 0 |
| 20Q4 (7) | 0.44 | 100.0 | 283.33 | 30.10 | 32.19 | 72.3 | 10.47 | 43.42 | 1561.9 | 9.28 | 96.61 | 587.41 | 5.61 | 20.39 | 364.62 | 1.50 | 37.61 | 317.39 | 0.95 | 30.14 | 406.45 | 0.16 | 14.29 | -15.79 | 16.09 | 42.01 | 154.19 | 74.31 | 7.76 | -0.11 | 112.50 | -28.41 | 125.0 | -12.50 | 78.12 | -125.0 | 16.87 | 0 | -24.04 |
| 20Q3 (6) | 0.22 | -52.17 | -76.34 | 22.77 | -17.77 | -22.97 | 7.30 | 81.14 | -50.0 | 4.72 | -59.03 | -69.51 | 4.66 | -29.07 | -54.22 | 1.09 | -11.38 | -68.95 | 0.73 | -9.88 | -66.05 | 0.14 | 27.27 | -30.0 | 11.33 | -43.58 | -45.21 | 68.96 | 4.96 | -2.07 | 157.14 | 340.0 | 66.25 | -57.14 | -188.89 | -1142.86 | 0.00 | 0 | -100.0 |
| 20Q2 (5) | 0.46 | 209.52 | 170.59 | 27.69 | 50.9 | 9.19 | 4.03 | 187.8 | 4.4 | 11.52 | 262.25 | 202.36 | 6.57 | 188.07 | 262.98 | 1.23 | 173.21 | 112.07 | 0.81 | 191.01 | 80.0 | 0.11 | -15.38 | -38.89 | 20.08 | 2852.94 | 103.44 | 65.70 | -0.65 | -11.29 | 35.71 | -46.43 | -64.29 | 64.29 | 92.86 | 0 | 0.00 | 0 | -100.0 |
| 20Q1 (4) | -0.42 | -75.0 | 0.0 | 18.35 | 5.04 | 0.0 | -4.59 | -828.57 | 0.0 | -7.10 | -625.93 | 0.0 | -7.46 | -251.89 | 0.0 | -1.68 | -143.48 | 0.0 | -0.89 | -187.1 | 0.0 | 0.13 | -31.58 | 0.0 | 0.68 | -89.26 | 0.0 | 66.13 | -11.1 | 0.0 | 66.67 | 33.33 | 0.0 | 33.33 | -33.33 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (3) | -0.24 | -125.81 | 0.0 | 17.47 | -40.9 | 0.0 | 0.63 | -95.68 | 0.0 | 1.35 | -91.28 | 0.0 | -2.12 | -120.83 | 0.0 | -0.69 | -119.66 | 0.0 | -0.31 | -114.42 | 0.0 | 0.19 | -5.0 | 0.0 | 6.33 | -69.39 | 0.0 | 74.39 | 5.64 | 0.0 | 50.00 | -47.1 | 0.0 | 50.00 | 812.5 | 0.0 | 22.21 | 2.16 | 0.0 |
| 19Q3 (2) | 0.93 | 447.06 | 0.0 | 29.56 | 16.56 | 0.0 | 14.60 | 278.24 | 0.0 | 15.48 | 306.3 | 0.0 | 10.18 | 462.43 | 0.0 | 3.51 | 505.17 | 0.0 | 2.15 | 377.78 | 0.0 | 0.20 | 11.11 | 0.0 | 20.68 | 109.52 | 0.0 | 70.42 | -4.91 | 0.0 | 94.52 | -5.48 | 0.0 | 5.48 | 0 | 0.0 | 21.74 | -10.42 | 0.0 |
| 19Q2 (1) | 0.17 | 0.0 | 0.0 | 25.36 | 0.0 | 0.0 | 3.86 | 0.0 | 0.0 | 3.81 | 0.0 | 0.0 | 1.81 | 0.0 | 0.0 | 0.58 | 0.0 | 0.0 | 0.45 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 9.87 | 0.0 | 0.0 | 74.06 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | -0.00 | 0.0 | 0.0 | 24.27 | 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) | 2.99 | 82.32 | 31.86 | 14.73 | 9.95 | 25.0 | 4.18 | -19.74 | 9.94 | 15.85 | 6.97 | 38.29 | 9.33 | 54.21 | 6.21 | 61.72 | 0.80 | 17.65 | 15.35 | 4.28 | 58.04 | -26.21 | 100.00 | 7.96 | 0.00 | 0 | 1.12 | 62.95 | 22.43 | -7.47 |
| 2022 (9) | 1.64 | 11.56 | 27.77 | 6.64 | 7.96 | 21.34 | 5.21 | 14.98 | 8.58 | 6.45 | 5.04 | -2.14 | 6.05 | 8.62 | 3.84 | 7.87 | 0.68 | 9.68 | 14.72 | 9.44 | 78.66 | 4.19 | 92.62 | 13.21 | 7.38 | -61.36 | 0.69 | 147.69 | 24.24 | 5.44 |
| 2021 (8) | 1.47 | 113.04 | 26.04 | 4.87 | 6.56 | 42.3 | 4.53 | -31.32 | 8.06 | 79.51 | 5.15 | 122.94 | 5.57 | 167.79 | 3.56 | 137.33 | 0.62 | 19.23 | 13.45 | 13.6 | 75.50 | 1.6 | 81.82 | -19.7 | 19.09 | 0 | 0.28 | 25.95 | 22.99 | -4.72 |
| 2020 (7) | 0.69 | -21.59 | 24.83 | 1.89 | 4.61 | -26.71 | 6.60 | 34.68 | 4.49 | -27.93 | 2.31 | -20.62 | 2.08 | -46.67 | 1.50 | -46.24 | 0.52 | -35.0 | 11.84 | 0.34 | 74.31 | -0.11 | 101.89 | 0.99 | -1.89 | 0 | 0.22 | 2.34 | 24.13 | 1.43 |
| 2019 (6) | 0.88 | -75.35 | 24.37 | -12.28 | 6.29 | -37.16 | 4.90 | 79.01 | 6.23 | -38.92 | 2.91 | -61.15 | 3.90 | -68.97 | 2.79 | -64.55 | 0.80 | -19.19 | 11.80 | -12.59 | 74.39 | 24.92 | 100.89 | 3.2 | -0.89 | 0 | 0.22 | -7.03 | 23.79 | 14.82 |
| 2018 (5) | 3.57 | 3.48 | 27.78 | -5.89 | 10.01 | -10.47 | 2.74 | -3.83 | 10.20 | -7.94 | 7.49 | -2.85 | 12.57 | 4.66 | 7.87 | 3.15 | 0.99 | 5.32 | 13.50 | -6.7 | 59.55 | -25.77 | 97.77 | -3.07 | 1.79 | 0 | 0.23 | 5.48 | 20.72 | -0.38 |
| 2017 (4) | 3.45 | 12.01 | 29.52 | 1.51 | 11.18 | -12.52 | 2.85 | 2.1 | 11.08 | -5.22 | 7.71 | -4.81 | 12.01 | 0.25 | 7.63 | -11.48 | 0.94 | -6.93 | 14.47 | -3.73 | 80.22 | 48.67 | 100.87 | -7.77 | -0.87 | 0 | 0.22 | 0 | 20.80 | 2.56 |
| 2016 (3) | 3.08 | 63.83 | 29.08 | 14.17 | 12.78 | 80.76 | 2.79 | -22.0 | 11.69 | 43.26 | 8.10 | 59.76 | 11.98 | 91.37 | 8.62 | 78.1 | 1.01 | 23.17 | 15.03 | 18.63 | 53.96 | 39.25 | 109.36 | 26.42 | -9.36 | 0 | 0.00 | 0 | 20.28 | -15.57 |
| 2015 (2) | 1.88 | -45.66 | 25.47 | -15.63 | 7.07 | -38.84 | 3.57 | 2.04 | 8.16 | -14.64 | 5.07 | -32.85 | 6.26 | -46.63 | 4.84 | -41.97 | 0.82 | -15.46 | 12.67 | -11.83 | 38.75 | -38.5 | 86.51 | -28.44 | 13.49 | 0 | 0.00 | 0 | 24.02 | 21.93 |
| 2014 (1) | 3.46 | -58.96 | 30.19 | 0 | 11.56 | 0 | 3.50 | 21.2 | 9.56 | 0 | 7.55 | 0 | 11.73 | 0 | 8.34 | 0 | 0.97 | 0 | 14.37 | -48.09 | 63.01 | 8.26 | 120.89 | 113.45 | -20.89 | 0 | 0.00 | 0 | 19.70 | 6.72 |
