- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q3 (20) | 1.98 | 582.76 | 942.11 | 12.17 | -35.33 | -32.12 | -3.54 | -165.19 | -165.07 | 31.55 | 370.19 | 350.07 | 31.74 | 440.72 | 557.14 | 6.50 | 308.81 | 351.39 | 3.60 | 282.98 | 318.6 | 0.11 | -21.43 | -26.67 | 40.85 | 167.34 | 163.21 | 86.16 | -0.2 | -3.73 | -11.17 | -113.77 | -114.26 | 111.17 | 489.22 | 413.11 | 33.83 | 16.02 | 27.9 |
| 24Q2 (19) | 0.29 | 11.54 | 31.82 | 18.82 | -1.57 | -6.92 | 5.43 | -8.89 | -22.98 | 6.71 | -9.08 | 4.52 | 5.87 | -1.01 | 11.17 | 1.59 | 2.58 | 0.63 | 0.94 | 0.0 | 3.3 | 0.14 | 0.0 | -6.67 | 15.28 | -8.06 | 1.13 | 86.33 | -1.51 | -12.14 | 81.13 | -1.23 | -26.98 | 18.87 | -3.95 | 303.77 | 29.16 | 0.17 | 4.67 |
| 24Q1 (18) | 0.26 | 18.18 | -13.33 | 19.12 | -6.04 | 1.43 | 5.96 | -17.57 | -0.5 | 7.38 | -5.99 | 23.41 | 5.93 | -3.73 | 8.61 | 1.55 | -8.82 | 2.65 | 0.94 | -6.93 | 5.62 | 0.14 | -6.67 | 0.0 | 16.62 | -1.6 | 7.23 | 87.65 | 0.62 | -9.78 | 82.14 | -10.78 | -17.86 | 19.64 | 147.5 | 0 | 29.11 | 8.7 | 4.75 |
| 23Q4 (17) | 0.22 | 15.79 | -66.67 | 20.35 | 13.5 | 6.66 | 7.23 | 32.9 | 16.99 | 7.85 | 11.98 | -2.0 | 6.16 | 27.54 | -31.78 | 1.70 | 18.06 | -39.93 | 1.01 | 17.44 | -34.42 | 0.15 | 0.0 | -6.25 | 16.89 | 8.83 | 1.2 | 87.11 | -2.67 | -6.47 | 92.06 | 17.53 | 18.37 | 7.94 | -63.37 | -64.29 | 26.78 | 1.25 | 4.36 |
| 23Q3 (16) | 0.19 | -13.64 | -65.45 | 17.93 | -11.33 | -23.08 | 5.44 | -22.84 | -40.29 | 7.01 | 9.19 | -33.68 | 4.83 | -8.52 | -38.78 | 1.44 | -8.86 | -47.45 | 0.86 | -5.49 | -39.44 | 0.15 | 0.0 | -11.76 | 15.52 | 2.71 | -16.78 | 89.50 | -8.92 | -10.2 | 78.33 | -29.5 | -9.2 | 21.67 | 334.0 | 57.86 | 26.45 | -5.06 | 8.49 |
| 23Q2 (15) | 0.22 | -26.67 | 4.76 | 20.22 | 7.27 | -4.17 | 7.05 | 17.7 | -11.32 | 6.42 | 7.36 | -12.18 | 5.28 | -3.3 | -1.68 | 1.58 | 4.64 | -10.23 | 0.91 | 2.25 | 1.11 | 0.15 | 7.14 | 0.0 | 15.11 | -2.52 | -5.33 | 98.26 | 1.14 | -11.56 | 111.11 | 11.11 | 3.29 | -9.26 | 0 | -1.85 | 27.86 | 0.25 | 16.52 |
| 23Q1 (14) | 0.30 | -54.55 | -53.12 | 18.85 | -1.21 | -14.4 | 5.99 | -3.07 | -39.56 | 5.98 | -25.34 | -45.88 | 5.46 | -39.53 | -36.73 | 1.51 | -46.64 | -51.91 | 0.89 | -42.21 | -41.83 | 0.14 | -12.5 | -17.65 | 15.50 | -7.13 | -17.25 | 97.15 | 4.31 | -17.41 | 100.00 | 28.57 | 12.24 | 0.00 | -100.0 | -100.0 | 27.79 | 8.3 | 16.67 |
| 22Q4 (13) | 0.66 | 20.0 | -15.38 | 19.08 | -18.15 | -16.02 | 6.18 | -32.16 | -37.89 | 8.01 | -24.22 | -22.68 | 9.03 | 14.45 | 6.86 | 2.83 | 3.28 | -13.46 | 1.54 | 8.45 | -4.35 | 0.16 | -5.88 | -11.11 | 16.69 | -10.51 | -5.06 | 93.14 | -6.55 | -15.39 | 77.78 | -9.85 | -19.2 | 22.22 | 61.9 | 494.44 | 25.66 | 5.25 | 10.84 |
| 22Q3 (12) | 0.55 | 161.9 | -25.68 | 23.31 | 10.47 | -4.31 | 9.11 | 14.59 | -25.14 | 10.57 | 44.6 | -14.2 | 7.89 | 46.93 | -14.52 | 2.74 | 55.68 | -22.16 | 1.42 | 57.78 | -15.98 | 0.17 | 13.33 | -5.56 | 18.65 | 16.85 | -5.14 | 99.67 | -10.29 | -12.0 | 86.27 | -19.8 | -13.01 | 13.73 | 250.98 | 737.25 | 24.38 | 1.97 | 4.55 |
| 22Q2 (11) | 0.21 | -67.19 | -76.92 | 21.10 | -4.18 | -16.0 | 7.95 | -19.78 | -37.99 | 7.31 | -33.85 | -40.95 | 5.37 | -37.78 | -47.86 | 1.76 | -43.95 | -53.93 | 0.90 | -41.18 | -50.0 | 0.15 | -11.76 | -11.76 | 15.96 | -14.79 | -23.05 | 111.10 | -5.55 | -6.77 | 107.58 | 20.75 | 3.13 | -9.09 | -190.91 | -163.64 | 23.91 | 0.38 | -4.05 |
| 22Q1 (10) | 0.64 | -17.95 | 3.23 | 22.02 | -3.08 | -9.12 | 9.91 | -0.4 | -14.72 | 11.05 | 6.66 | 1.75 | 8.63 | 2.13 | 6.81 | 3.14 | -3.98 | 18.94 | 1.53 | -4.97 | 18.6 | 0.17 | -5.56 | 13.33 | 18.73 | 6.54 | -6.91 | 117.63 | 6.86 | -1.51 | 89.09 | -7.45 | -16.48 | 10.00 | 167.5 | 250.0 | 23.82 | 2.89 | -10.25 |
| 21Q4 (9) | 0.78 | 5.41 | -2.5 | 22.72 | -6.73 | -9.23 | 9.95 | -18.24 | -27.27 | 10.36 | -15.91 | -22.16 | 8.45 | -8.45 | -13.86 | 3.27 | -7.1 | -8.4 | 1.61 | -4.73 | -6.4 | 0.18 | 0.0 | 5.88 | 17.58 | -10.58 | -20.16 | 110.08 | -2.81 | -1.75 | 96.26 | -2.94 | -6.05 | 3.74 | 128.04 | 252.02 | 23.15 | -0.73 | -4.18 |
| 21Q3 (8) | 0.74 | -18.68 | 15.62 | 24.36 | -3.03 | 4.95 | 12.17 | -5.07 | 5.37 | 12.32 | -0.48 | 4.14 | 9.23 | -10.39 | 6.34 | 3.52 | -7.85 | 16.56 | 1.69 | -6.11 | 19.86 | 0.18 | 5.88 | 12.5 | 19.66 | -5.21 | -5.02 | 113.26 | -4.96 | -5.4 | 99.18 | -4.92 | 1.25 | 1.64 | 147.54 | -19.67 | 23.32 | -6.42 | -2.91 |
| 21Q2 (7) | 0.91 | 46.77 | -9.9 | 25.12 | 3.67 | -5.1 | 12.82 | 10.33 | -13.32 | 12.38 | 14.0 | -21.0 | 10.30 | 27.48 | -14.74 | 3.82 | 44.7 | -18.2 | 1.80 | 39.53 | -14.69 | 0.17 | 13.33 | 0.0 | 20.74 | 3.08 | -14.16 | 119.17 | -0.22 | -7.73 | 104.31 | -2.21 | 10.63 | -3.45 | 48.28 | -160.34 | 24.92 | -6.1 | 0 |
| 21Q1 (6) | 0.62 | -22.5 | -16.22 | 24.23 | -3.2 | -8.12 | 11.62 | -15.06 | -17.88 | 10.86 | -18.41 | -26.47 | 8.08 | -17.64 | -25.6 | 2.64 | -26.05 | -26.05 | 1.29 | -25.0 | -23.67 | 0.15 | -11.76 | 0.0 | 20.12 | -8.63 | -16.58 | 119.43 | 6.6 | -5.62 | 106.67 | 4.11 | 10.58 | -6.67 | -171.11 | -250.67 | 26.54 | 9.85 | -1.99 |
| 20Q4 (5) | 0.80 | 25.0 | -2.44 | 25.03 | 7.84 | -2.15 | 13.68 | 18.44 | -4.67 | 13.31 | 12.51 | -0.97 | 9.81 | 13.02 | -0.1 | 3.57 | 18.21 | -11.63 | 1.72 | 21.99 | -11.79 | 0.17 | 6.25 | -10.53 | 22.02 | 6.38 | 1.85 | 112.04 | -6.41 | -3.74 | 102.46 | 4.59 | -4.22 | -2.46 | -220.49 | 64.75 | 24.16 | 0.58 | -3.32 |
| 20Q3 (4) | 0.64 | -36.63 | 0.0 | 23.21 | -12.32 | 0.0 | 11.55 | -21.91 | 0.0 | 11.83 | -24.51 | 0.0 | 8.68 | -28.15 | 0.0 | 3.02 | -35.33 | 0.0 | 1.41 | -33.18 | 0.0 | 0.16 | -5.88 | 0.0 | 20.70 | -14.32 | 0.0 | 119.72 | -7.3 | 0.0 | 97.96 | 3.9 | 0.0 | 2.04 | -64.29 | 0.0 | 24.02 | 0 | 0.0 |
| 20Q2 (3) | 1.01 | 36.49 | 0.0 | 26.47 | 0.38 | 0.0 | 14.79 | 4.52 | 0.0 | 15.67 | 6.09 | 0.0 | 12.08 | 11.23 | 0.0 | 4.67 | 30.81 | 0.0 | 2.11 | 24.85 | 0.0 | 0.17 | 13.33 | 0.0 | 24.16 | 0.17 | 0.0 | 129.15 | 2.06 | 0.0 | 94.29 | -2.25 | 0.0 | 5.71 | 29.14 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.74 | -9.76 | 0.0 | 26.37 | 3.09 | 0.0 | 14.15 | -1.39 | 0.0 | 14.77 | 9.9 | 0.0 | 10.86 | 10.59 | 0.0 | 3.57 | -11.63 | 0.0 | 1.69 | -13.33 | 0.0 | 0.15 | -21.05 | 0.0 | 24.12 | 11.56 | 0.0 | 126.54 | 8.72 | 0.0 | 96.46 | -9.83 | 0.0 | 4.42 | 163.42 | 0.0 | 27.08 | 8.36 | 0.0 |
| 19Q4 (1) | 0.82 | 0.0 | 0.0 | 25.58 | 0.0 | 0.0 | 14.35 | 0.0 | 0.0 | 13.44 | 0.0 | 0.0 | 9.82 | 0.0 | 0.0 | 4.04 | 0.0 | 0.0 | 1.95 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 21.62 | 0.0 | 0.0 | 116.39 | 0.0 | 0.0 | 106.98 | 0.0 | 0.0 | -6.98 | 0.0 | 0.0 | 24.99 | 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) | 0.92 | -55.12 | 19.33 | -9.8 | 6.42 | -23.02 | 7.65 | 5.08 | 6.81 | -26.85 | 5.42 | -30.15 | 6.17 | -40.27 | 3.69 | -32.42 | 0.60 | -9.09 | 15.74 | -10.26 | 87.11 | -6.47 | 94.67 | 5.55 | 5.78 | -43.99 | 0.42 | -11.96 | 27.21 | 11.38 |
| 2022 (9) | 2.05 | -32.57 | 21.43 | -10.97 | 8.34 | -28.1 | 7.28 | 3.11 | 9.31 | -18.9 | 7.76 | -14.06 | 10.33 | -20.05 | 5.46 | -14.42 | 0.66 | -2.94 | 17.54 | -9.87 | 93.14 | -15.39 | 89.68 | -11.33 | 10.32 | 0 | 0.48 | -5.04 | 24.43 | 0.25 |
| 2021 (8) | 3.04 | -5.0 | 24.07 | -4.75 | 11.60 | -14.45 | 7.06 | -1.47 | 11.48 | -17.41 | 9.03 | -12.92 | 12.92 | -9.46 | 6.38 | -8.07 | 0.68 | 6.25 | 19.46 | -14.35 | 110.08 | -1.75 | 101.15 | 3.77 | -1.15 | 0 | 0.51 | 0 | 24.37 | -1.89 |
| 2020 (7) | 3.20 | 0.63 | 25.27 | 5.78 | 13.56 | 9.44 | 7.16 | 12.85 | 13.90 | 10.06 | 10.37 | 6.8 | 14.27 | -6.06 | 6.94 | -11.37 | 0.64 | -17.95 | 22.72 | 11.32 | 112.04 | -3.74 | 97.47 | -0.59 | 2.53 | 29.4 | 0.00 | 0 | 24.84 | 0.53 |
| 2019 (6) | 3.18 | -4.22 | 23.89 | 0.38 | 12.39 | -1.51 | 6.35 | 22.96 | 12.63 | -6.1 | 9.71 | 0.83 | 15.19 | -8.11 | 7.83 | -14.05 | 0.78 | -15.22 | 20.41 | 3.24 | 116.39 | 35.65 | 98.04 | 4.68 | 1.96 | -69.12 | 0.00 | 0 | 24.71 | 2.07 |
| 2018 (5) | 3.32 | 20.29 | 23.80 | 0.68 | 12.58 | 0.72 | 5.16 | -21.08 | 13.45 | 7.17 | 9.63 | -0.52 | 16.53 | 8.04 | 9.11 | 8.71 | 0.92 | 9.52 | 19.77 | -2.47 | 85.80 | -0.43 | 93.66 | -5.87 | 6.34 | 1189.5 | 0.00 | 0 | 24.21 | -3.2 |
| 2017 (4) | 2.76 | -11.25 | 23.64 | -11.19 | 12.49 | -11.86 | 6.54 | -3.82 | 12.55 | -12.42 | 9.68 | -11.6 | 15.30 | -11.76 | 8.38 | -11.7 | 0.84 | 1.2 | 20.27 | -9.02 | 86.17 | -4.09 | 99.51 | 0.63 | 0.49 | -55.87 | 0.00 | 0 | 25.01 | -3.02 |
| 2016 (3) | 3.11 | 21.96 | 26.62 | 6.31 | 14.17 | 12.91 | 6.80 | -7.25 | 14.33 | 11.26 | 10.95 | 15.63 | 17.34 | 13.7 | 9.49 | 14.34 | 0.83 | 0.0 | 22.28 | 3.87 | 89.84 | -1.44 | 98.89 | 1.41 | 1.11 | -55.23 | 0.00 | 0 | 25.79 | 0.35 |
| 2015 (2) | 2.55 | -15.84 | 25.04 | -2.34 | 12.55 | -8.53 | 7.33 | 13.59 | 12.88 | -7.4 | 9.47 | -5.96 | 15.25 | -20.66 | 8.30 | -17.08 | 0.83 | -11.7 | 21.45 | -1.38 | 91.15 | -7.48 | 97.51 | -1.05 | 2.49 | 71.64 | 0.00 | 0 | 25.70 | 11.69 |
| 2014 (1) | 3.03 | 9.39 | 25.64 | 0 | 13.72 | 0 | 6.45 | -8.11 | 13.91 | 0 | 10.07 | 0 | 19.22 | 0 | 10.01 | 0 | 0.94 | -2.08 | 21.75 | -0.37 | 98.52 | -10.46 | 98.55 | -1.23 | 1.45 | 540.58 | 0.00 | 0 | 23.01 | -1.67 |
