- 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) | 0.57 | -47.22 | -49.11 | 27.62 | -10.56 | -7.66 | 5.17 | -28.19 | -28.69 | 4.20 | -47.04 | -46.08 | 2.78 | -48.04 | -47.35 | 1.21 | -51.21 | -52.36 | 0.64 | -44.35 | -44.83 | 0.18 | -5.26 | -5.26 | 9.53 | -28.13 | -26.35 | 127.14 | -14.09 | -13.5 | 123.02 | 35.52 | 32.07 | -23.02 | -349.43 | -435.59 | 16.69 | -4.63 | 5.23 |
| 24Q2 (19) | 1.08 | -25.52 | 11.34 | 30.88 | 0.23 | 10.84 | 7.20 | -18.92 | 10.26 | 7.93 | -27.91 | 6.16 | 5.35 | -29.23 | 5.73 | 2.48 | -26.19 | 2.48 | 1.15 | -24.34 | 3.6 | 0.19 | 5.56 | 0.0 | 13.26 | -19.05 | 4.57 | 148.00 | 3.43 | -2.84 | 90.77 | 12.37 | 3.64 | 9.23 | -51.99 | -25.66 | 17.50 | 1.86 | 22.89 |
| 24Q1 (18) | 1.45 | -7.05 | 168.52 | 30.81 | -1.53 | 21.59 | 8.88 | -9.2 | 115.53 | 11.00 | 4.66 | 107.94 | 7.56 | -7.01 | 138.49 | 3.36 | -12.27 | 147.06 | 1.52 | -10.59 | 117.14 | 0.18 | -5.26 | 5.88 | 16.38 | 6.78 | 49.59 | 143.09 | 1.15 | -3.95 | 80.78 | -13.18 | 3.86 | 19.22 | 176.21 | -12.1 | 17.18 | 24.22 | -6.43 |
| 23Q4 (17) | 1.56 | 39.29 | 246.67 | 31.29 | 4.61 | 31.97 | 9.78 | 34.9 | 191.94 | 10.51 | 34.92 | 176.58 | 8.13 | 53.98 | 230.49 | 3.83 | 50.79 | 248.18 | 1.70 | 46.55 | 183.33 | 0.19 | 0.0 | 5.56 | 15.34 | 18.55 | 66.2 | 141.46 | -3.76 | -3.16 | 93.04 | -0.11 | 5.62 | 6.96 | 1.45 | -41.55 | 13.83 | -12.8 | -7.86 |
| 23Q3 (16) | 1.12 | 15.46 | 180.0 | 29.91 | 7.36 | 21.14 | 7.25 | 11.03 | 232.57 | 7.79 | 4.28 | 168.62 | 5.28 | 4.35 | 150.24 | 2.54 | 4.96 | 188.64 | 1.16 | 4.5 | 136.73 | 0.19 | 0.0 | 18.75 | 12.94 | 2.05 | 46.71 | 146.98 | -3.51 | -0.12 | 93.14 | 6.34 | 23.62 | 6.86 | -44.74 | -72.19 | 15.86 | 11.38 | 0.95 |
| 23Q2 (15) | 0.97 | 79.63 | 49.23 | 27.86 | 9.94 | 1.02 | 6.53 | 58.5 | 22.98 | 7.47 | 41.21 | 6.71 | 5.06 | 59.62 | 18.5 | 2.42 | 77.94 | 32.97 | 1.11 | 58.57 | 30.59 | 0.19 | 11.76 | 11.76 | 12.68 | 15.8 | -1.93 | 152.32 | 2.24 | -4.94 | 87.59 | 12.61 | 15.5 | 12.41 | -43.23 | -48.64 | 14.24 | -22.44 | -11.83 |
| 23Q1 (14) | 0.54 | 20.0 | -28.0 | 25.34 | 6.87 | -11.92 | 4.12 | 22.99 | -39.68 | 5.29 | 39.21 | -29.47 | 3.17 | 28.86 | -34.23 | 1.36 | 23.64 | -28.8 | 0.70 | 16.67 | -23.08 | 0.17 | -5.56 | 6.25 | 10.95 | 18.63 | -21.28 | 148.98 | 1.99 | 0.57 | 77.78 | -11.71 | -14.56 | 21.86 | 83.66 | 143.92 | 18.36 | 22.32 | 3.79 |
| 22Q4 (13) | 0.45 | 12.5 | -59.82 | 23.71 | -3.97 | -23.44 | 3.35 | 53.67 | -61.0 | 3.80 | 31.03 | -61.96 | 2.46 | 16.59 | -62.95 | 1.10 | 25.0 | -64.74 | 0.60 | 22.45 | -54.89 | 0.18 | 12.5 | 0.0 | 9.23 | 4.65 | -41.88 | 146.07 | -0.73 | -1.65 | 88.10 | 16.93 | 2.43 | 11.90 | -51.72 | -14.92 | 15.01 | -4.46 | -0.99 |
| 22Q3 (12) | 0.40 | -38.46 | -60.78 | 24.69 | -10.48 | -16.39 | 2.18 | -58.95 | -72.05 | 2.90 | -58.57 | -69.54 | 2.11 | -50.59 | -67.13 | 0.88 | -51.65 | -69.34 | 0.49 | -42.35 | -59.5 | 0.16 | -5.88 | 0.0 | 8.82 | -31.79 | -45.69 | 147.15 | -8.17 | -20.2 | 75.34 | -0.65 | -8.13 | 24.66 | 2.03 | 37.08 | 15.71 | -2.72 | -3.74 |
| 22Q2 (11) | 0.65 | -13.33 | -38.1 | 27.58 | -4.14 | -14.67 | 5.31 | -22.25 | -46.63 | 7.00 | -6.67 | -25.45 | 4.27 | -11.41 | -23.61 | 1.82 | -4.71 | -42.04 | 0.85 | -6.59 | -28.57 | 0.17 | 6.25 | -5.56 | 12.93 | -7.05 | -20.09 | 160.24 | 8.18 | -7.26 | 75.83 | -16.7 | -28.35 | 24.17 | 169.61 | 499.61 | 16.15 | -8.71 | -7.18 |
| 22Q1 (10) | 0.75 | -33.04 | -33.63 | 28.77 | -7.1 | -14.53 | 6.83 | -20.49 | -29.95 | 7.50 | -24.92 | -25.96 | 4.82 | -27.41 | -23.25 | 1.91 | -38.78 | -55.89 | 0.91 | -31.58 | -33.09 | 0.16 | -11.11 | -11.11 | 13.91 | -12.41 | -21.15 | 148.13 | -0.26 | -47.96 | 91.04 | 5.85 | -5.35 | 8.96 | -35.94 | 135.05 | 17.69 | 16.69 | -2.64 |
| 21Q4 (9) | 1.12 | 9.8 | -10.4 | 30.97 | 4.88 | -11.94 | 8.59 | 10.13 | -23.58 | 9.99 | 4.94 | -10.4 | 6.64 | 3.43 | -0.15 | 3.12 | 8.71 | -36.84 | 1.33 | 9.92 | -12.5 | 0.18 | 12.5 | -10.0 | 15.88 | -2.22 | -13.65 | 148.52 | -19.46 | -43.81 | 86.01 | 4.87 | -14.77 | 13.99 | -22.21 | 1641.98 | 15.16 | -7.11 | -9.22 |
| 21Q3 (8) | 1.02 | -2.86 | -24.44 | 29.53 | -8.63 | -15.31 | 7.80 | -21.61 | -33.45 | 9.52 | 1.38 | -18.7 | 6.42 | 14.85 | -11.69 | 2.87 | -8.6 | -49.56 | 1.21 | 1.68 | -25.77 | 0.16 | -11.11 | -20.0 | 16.24 | 0.37 | -12.78 | 184.40 | 6.73 | -35.47 | 82.01 | -22.51 | -18.13 | 17.99 | 397.43 | 10190.79 | 16.32 | -6.21 | -7.43 |
| 21Q2 (7) | 1.05 | -7.08 | 12.9 | 32.32 | -3.98 | -2.44 | 9.95 | 2.05 | 3.11 | 9.39 | -7.31 | 2.96 | 5.59 | -10.99 | -0.89 | 3.14 | -27.48 | -24.15 | 1.19 | -12.5 | -2.46 | 0.18 | 0.0 | 0.0 | 16.18 | -8.28 | -4.49 | 172.78 | -39.3 | -45.14 | 105.83 | 10.03 | -0.08 | -6.05 | -258.58 | -6.93 | 17.40 | -4.24 | 0 |
| 21Q1 (6) | 1.13 | -9.6 | 264.52 | 33.66 | -4.29 | 9.18 | 9.75 | -13.26 | 137.8 | 10.13 | -9.15 | 136.13 | 6.28 | -5.56 | 193.46 | 4.33 | -12.35 | 240.94 | 1.36 | -10.53 | 151.85 | 0.18 | -10.0 | 20.0 | 17.64 | -4.08 | 32.04 | 284.65 | 7.69 | -8.75 | 96.19 | -4.68 | 0.74 | 3.81 | 520.25 | -15.56 | 18.17 | 8.8 | 0 |
| 20Q4 (5) | 1.25 | -7.41 | -10.07 | 35.17 | 0.86 | -3.06 | 11.24 | -4.1 | 8.49 | 11.15 | -4.78 | 9.1 | 6.65 | -8.53 | -9.77 | 4.94 | -13.18 | -14.24 | 1.52 | -6.75 | -13.64 | 0.20 | 0.0 | -4.76 | 18.39 | -1.24 | 8.95 | 264.33 | -7.49 | -2.67 | 100.91 | 0.73 | -0.48 | -0.91 | -409.07 | 34.79 | 16.70 | -5.28 | 0 |
| 20Q3 (4) | 1.35 | 45.16 | 0.0 | 34.87 | 5.25 | 0.0 | 11.72 | 21.45 | 0.0 | 11.71 | 28.4 | 0.0 | 7.27 | 28.9 | 0.0 | 5.69 | 37.44 | 0.0 | 1.63 | 33.61 | 0.0 | 0.20 | 11.11 | 0.0 | 18.62 | 9.92 | 0.0 | 285.74 | -9.28 | 0.0 | 100.18 | -5.41 | 0.0 | -0.18 | 96.85 | 0.0 | 17.63 | 0 | 0.0 |
| 20Q2 (3) | 0.93 | 200.0 | 0.0 | 33.13 | 7.46 | 0.0 | 9.65 | 135.37 | 0.0 | 9.12 | 112.59 | 0.0 | 5.64 | 163.55 | 0.0 | 4.14 | 225.98 | 0.0 | 1.22 | 125.93 | 0.0 | 0.18 | 20.0 | 0.0 | 16.94 | 26.8 | 0.0 | 314.96 | 0.97 | 0.0 | 105.91 | 10.92 | 0.0 | -5.66 | -225.23 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.31 | -77.7 | 0.0 | 30.83 | -15.02 | 0.0 | 4.10 | -60.42 | 0.0 | 4.29 | -58.02 | 0.0 | 2.14 | -70.96 | 0.0 | 1.27 | -77.95 | 0.0 | 0.54 | -69.32 | 0.0 | 0.15 | -28.57 | 0.0 | 13.36 | -20.85 | 0.0 | 311.93 | 14.86 | 0.0 | 95.48 | -5.83 | 0.0 | 4.52 | 424.52 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 1.39 | 0.0 | 0.0 | 36.28 | 0.0 | 0.0 | 10.36 | 0.0 | 0.0 | 10.22 | 0.0 | 0.0 | 7.37 | 0.0 | 0.0 | 5.76 | 0.0 | 0.0 | 1.76 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 16.88 | 0.0 | 0.0 | 271.58 | 0.0 | 0.0 | 101.39 | 0.0 | 0.0 | -1.39 | 0.0 | 0.0 | 0.00 | 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) | 4.20 | 85.84 | 28.69 | 9.92 | 7.00 | 60.55 | 4.28 | -11.98 | 7.83 | 49.43 | 5.47 | 61.83 | 9.96 | 74.43 | 4.64 | 61.11 | 0.75 | 10.29 | 13.04 | 17.06 | 141.46 | -3.16 | 89.36 | 7.37 | 10.70 | -36.23 | 0.35 | 0.6 | 15.51 | -3.6 |
| 2022 (9) | 2.26 | -47.69 | 26.10 | -17.35 | 4.36 | -51.56 | 4.86 | -9.97 | 5.24 | -46.31 | 3.38 | -45.83 | 5.71 | -56.71 | 2.88 | -45.45 | 0.68 | -6.85 | 11.14 | -32.28 | 146.07 | -1.65 | 83.22 | -9.79 | 16.78 | 118.19 | 0.34 | -3.45 | 16.09 | -3.71 |
| 2021 (8) | 4.32 | 12.5 | 31.58 | -6.29 | 9.00 | -5.46 | 5.40 | -12.9 | 9.76 | 3.83 | 6.24 | 10.44 | 13.19 | -11.42 | 5.28 | 7.98 | 0.73 | 1.39 | 16.45 | -3.63 | 148.52 | -43.81 | 92.26 | -8.89 | 7.69 | 0 | 0.36 | -13.85 | 16.71 | -8.24 |
| 2020 (7) | 3.84 | -1.54 | 33.70 | -3.8 | 9.52 | 4.5 | 6.20 | 9.09 | 9.40 | 7.55 | 5.65 | 2.36 | 14.89 | -6.59 | 4.89 | -8.08 | 0.72 | -10.0 | 17.07 | 7.7 | 264.33 | -2.67 | 101.27 | -2.91 | -1.27 | 0 | 0.41 | -5.86 | 18.21 | 0.39 |
| 2019 (6) | 3.90 | -4.65 | 35.03 | 5.39 | 9.11 | -0.22 | 5.68 | 30.5 | 8.74 | 5.43 | 5.52 | -4.99 | 15.94 | -7.97 | 5.32 | -3.45 | 0.80 | -2.44 | 15.85 | 15.11 | 271.58 | 8.13 | 104.31 | -5.31 | -4.31 | 0 | 0.44 | -7.32 | 18.14 | 7.21 |
| 2018 (5) | 4.09 | 2.0 | 33.24 | 1.68 | 9.13 | 11.21 | 4.35 | 17.35 | 8.29 | -5.37 | 5.81 | 0.35 | 17.32 | 0.87 | 5.51 | 0.92 | 0.82 | -2.38 | 13.77 | 3.15 | 251.16 | -9.14 | 110.16 | 17.5 | -10.22 | 0 | 0.47 | 1.57 | 16.92 | -1.8 |
| 2017 (4) | 4.01 | -17.49 | 32.69 | -13.22 | 8.21 | -33.84 | 3.71 | -8.94 | 8.76 | -21.43 | 5.79 | -19.36 | 17.17 | -17.33 | 5.46 | -22.77 | 0.84 | -4.55 | 13.35 | -17.8 | 276.43 | 19.98 | 93.75 | -15.75 | 6.25 | 0 | 0.47 | 0 | 17.23 | 8.98 |
| 2016 (3) | 4.86 | 8.24 | 37.67 | 3.97 | 12.41 | -1.74 | 4.07 | -4.02 | 11.15 | -0.89 | 7.18 | -4.52 | 20.77 | -2.76 | 7.07 | -3.15 | 0.88 | 0.0 | 16.24 | -1.34 | 230.40 | 1.95 | 111.28 | -0.9 | -11.28 | 0 | 0.00 | 0 | 15.81 | -7.0 |
| 2015 (2) | 4.49 | 17.54 | 36.23 | 9.26 | 12.63 | 18.7 | 4.24 | 3.2 | 11.25 | 5.73 | 7.52 | 10.59 | 21.36 | 4.6 | 7.30 | -1.08 | 0.88 | -10.2 | 16.46 | 5.51 | 225.99 | 1.79 | 112.29 | 12.36 | -12.29 | 0 | 0.00 | 0 | 17.00 | 5.72 |
| 2014 (1) | 3.82 | 11.05 | 33.16 | 0 | 10.64 | 0 | 4.11 | -4.47 | 10.64 | 0 | 6.80 | 0 | 20.42 | 0 | 7.38 | 0 | 0.98 | -9.26 | 15.60 | 4.7 | 222.02 | 19.04 | 99.94 | -4.31 | 0.06 | 0 | 0.00 | 0 | 16.08 | 0.82 |
