- 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) | 0.58 | 5.45 | -1.69 | 30.56 | 1.53 | 17.22 | 6.16 | -8.47 | 3.36 | 6.32 | 1.44 | -6.78 | 5.32 | 12.71 | 4.52 | 3.06 | 4.08 | 0.66 | 1.71 | 8.92 | 0.0 | 0.31 | -3.13 | -3.13 | 10.04 | 3.51 | -3.65 | 85.80 | -4.28 | 1.55 | 97.62 | -9.78 | 10.99 | 2.38 | 129.05 | -80.24 | 15.96 | 5.98 | 12.32 |
| 24Q2 (19) | 0.55 | -32.1 | -17.91 | 30.10 | 5.39 | 6.29 | 6.73 | -14.16 | -2.32 | 6.23 | -29.2 | -23.56 | 4.72 | -30.79 | -23.0 | 2.94 | -29.83 | -16.71 | 1.57 | -30.22 | -16.93 | 0.32 | 0.0 | 10.34 | 9.70 | -20.23 | -20.03 | 89.64 | -15.0 | 1.93 | 108.20 | 21.41 | 28.12 | -8.20 | -175.31 | -152.71 | 15.06 | 5.31 | -2.14 |
| 24Q1 (18) | 0.81 | 65.31 | 6.58 | 28.56 | 6.77 | 3.14 | 7.84 | 20.43 | -6.33 | 8.80 | 50.68 | 9.45 | 6.82 | 50.88 | 8.43 | 4.19 | 73.14 | 6.89 | 2.25 | 61.87 | 10.29 | 0.32 | 10.34 | 3.23 | 12.16 | 26.01 | 5.01 | 105.46 | 32.77 | -0.22 | 89.12 | -19.98 | -14.42 | 10.88 | 195.78 | 380.27 | 14.30 | -11.07 | -2.65 |
| 23Q4 (17) | 0.49 | -16.95 | -10.91 | 26.75 | 2.61 | -3.81 | 6.51 | 9.23 | -27.91 | 5.84 | -13.86 | -20.65 | 4.52 | -11.2 | -1.74 | 2.42 | -20.39 | -11.68 | 1.39 | -18.71 | -3.47 | 0.29 | -9.38 | -3.33 | 9.65 | -7.39 | -14.37 | 79.43 | -5.99 | -12.92 | 111.36 | 26.62 | -9.24 | -11.36 | -194.32 | 49.95 | 16.08 | 13.16 | 12.29 |
| 23Q3 (16) | 0.59 | -11.94 | -53.17 | 26.07 | -7.94 | -12.52 | 5.96 | -13.5 | -36.46 | 6.78 | -16.81 | -38.42 | 5.09 | -16.97 | -44.07 | 3.04 | -13.88 | -54.49 | 1.71 | -9.52 | -46.06 | 0.32 | 10.34 | -5.88 | 10.42 | -14.1 | -29.16 | 84.49 | -3.92 | -23.15 | 87.95 | 4.15 | 3.36 | 12.05 | -22.52 | -18.33 | 14.21 | -7.67 | 14.04 |
| 23Q2 (15) | 0.67 | -11.84 | -31.63 | 28.32 | 2.28 | 2.39 | 6.89 | -17.68 | -17.39 | 8.15 | 1.37 | -4.0 | 6.13 | -2.54 | -9.72 | 3.53 | -9.95 | -36.05 | 1.89 | -7.35 | -24.1 | 0.29 | -6.45 | -19.44 | 12.13 | 4.75 | 1.93 | 87.94 | -16.79 | -30.12 | 84.45 | -18.9 | -14.05 | 15.55 | 500.4 | 793.24 | 15.39 | 4.77 | 34.41 |
| 23Q1 (14) | 0.76 | 38.18 | -32.74 | 27.69 | -0.43 | 0.8 | 8.37 | -7.31 | -3.01 | 8.04 | 9.24 | -20.24 | 6.29 | 36.74 | -20.18 | 3.92 | 43.07 | -39.22 | 2.04 | 41.67 | -31.54 | 0.31 | 3.33 | -16.22 | 11.58 | 2.75 | -14.54 | 105.69 | 15.86 | -18.71 | 104.13 | -15.14 | 21.61 | -3.88 | 82.89 | -127.01 | 14.69 | 2.58 | 23.13 |
| 22Q4 (13) | 0.55 | -56.35 | 19.57 | 27.81 | -6.68 | -1.9 | 9.03 | -3.73 | 98.03 | 7.36 | -33.15 | 34.55 | 4.60 | -49.45 | 8.49 | 2.74 | -58.98 | 6.61 | 1.44 | -54.57 | 11.63 | 0.30 | -11.76 | 3.45 | 11.27 | -23.39 | 7.44 | 91.22 | -17.03 | -19.5 | 122.70 | 44.2 | 47.36 | -22.70 | -253.9 | -235.66 | 14.32 | 14.93 | -9.77 |
| 22Q3 (12) | 1.26 | 28.57 | 103.23 | 29.80 | 7.74 | 4.56 | 9.38 | 12.47 | 35.35 | 11.01 | 29.68 | 55.29 | 9.10 | 34.02 | 59.09 | 6.68 | 21.01 | 81.03 | 3.17 | 27.31 | 71.35 | 0.34 | -5.56 | 9.68 | 14.71 | 23.61 | 23.72 | 109.94 | -12.64 | 6.91 | 85.09 | -13.4 | -13.05 | 14.75 | 747.39 | 589.11 | 12.46 | 8.82 | -15.41 |
| 22Q2 (11) | 0.98 | -13.27 | 92.16 | 27.66 | 0.69 | -0.65 | 8.34 | -3.36 | 40.88 | 8.49 | -15.77 | 52.42 | 6.79 | -13.83 | 45.71 | 5.52 | -14.42 | 73.04 | 2.49 | -16.44 | 60.65 | 0.36 | -2.7 | 12.5 | 11.90 | -12.18 | 15.76 | 125.84 | -3.21 | 15.69 | 98.26 | 14.76 | -7.71 | 1.74 | -87.89 | 128.61 | 11.45 | -4.02 | -24.47 |
| 22Q1 (10) | 1.13 | 145.65 | 88.33 | 27.47 | -3.1 | 0.88 | 8.63 | 89.25 | 21.89 | 10.08 | 84.28 | 52.27 | 7.88 | 85.85 | 48.96 | 6.45 | 150.97 | 75.75 | 2.98 | 131.01 | 68.36 | 0.37 | 27.59 | 15.62 | 13.55 | 29.17 | 20.98 | 130.01 | 14.73 | 8.73 | 85.62 | 2.83 | -19.89 | 14.38 | -14.08 | 309.15 | 11.93 | -24.83 | -13.99 |
| 21Q4 (9) | 0.46 | -25.81 | 58.62 | 28.35 | -0.53 | 11.05 | 4.56 | -34.2 | 130.3 | 5.47 | -22.85 | 64.76 | 4.24 | -25.87 | 39.02 | 2.57 | -30.35 | 50.29 | 1.29 | -30.27 | 44.94 | 0.29 | -6.45 | 7.41 | 10.49 | -11.77 | 15.27 | 113.32 | 10.2 | 2.62 | 83.27 | -14.91 | 40.18 | 16.73 | 681.75 | -58.01 | 15.87 | 7.74 | -3.99 |
| 21Q3 (8) | 0.62 | 21.57 | 21.57 | 28.50 | 2.37 | 3.56 | 6.93 | 17.06 | 4.37 | 7.09 | 27.29 | 30.81 | 5.72 | 22.75 | 15.32 | 3.69 | 15.67 | 19.42 | 1.85 | 19.35 | 20.92 | 0.31 | -3.13 | 6.9 | 11.89 | 15.66 | 11.64 | 102.83 | -5.46 | -4.06 | 97.86 | -8.08 | -19.96 | 2.14 | 135.19 | 109.61 | 14.73 | -2.84 | -2.64 |
| 21Q2 (7) | 0.51 | -15.0 | -40.0 | 27.84 | 2.24 | -2.9 | 5.92 | -16.38 | -11.9 | 5.57 | -15.86 | -42.16 | 4.66 | -11.91 | -42.61 | 3.19 | -13.08 | -39.92 | 1.55 | -12.43 | -36.73 | 0.32 | 0.0 | 10.34 | 10.28 | -8.21 | -30.68 | 108.77 | -9.03 | -7.87 | 106.46 | -0.38 | 52.86 | -6.08 | 11.51 | -120.2 | 15.16 | 9.3 | -1.37 |
| 21Q1 (6) | 0.60 | 106.9 | 1100.0 | 27.23 | 6.66 | 5.38 | 7.08 | 257.58 | 6.63 | 6.62 | 99.4 | 456.3 | 5.29 | 73.44 | 958.0 | 3.67 | 114.62 | 948.57 | 1.77 | 98.88 | 608.0 | 0.32 | 18.52 | 3.23 | 11.20 | 23.08 | 78.63 | 119.57 | 8.28 | -8.28 | 106.88 | 79.93 | -80.76 | -6.88 | -117.25 | 98.49 | 13.87 | -16.09 | 4.36 |
| 20Q4 (5) | 0.29 | -43.14 | -29.27 | 25.53 | -7.23 | -4.85 | 1.98 | -70.18 | -62.21 | 3.32 | -38.75 | -31.97 | 3.05 | -38.51 | -28.24 | 1.71 | -44.66 | -30.49 | 0.89 | -41.83 | -27.05 | 0.27 | -6.9 | 0.0 | 9.10 | -14.55 | -14.39 | 110.43 | 3.03 | -4.56 | 59.40 | -51.42 | -44.78 | 39.85 | 278.95 | 626.02 | 16.53 | 9.25 | 0 |
| 20Q3 (4) | 0.51 | -40.0 | 0.0 | 27.52 | -4.01 | 0.0 | 6.64 | -1.19 | 0.0 | 5.42 | -43.72 | 0.0 | 4.96 | -38.92 | 0.0 | 3.09 | -41.81 | 0.0 | 1.53 | -37.55 | 0.0 | 0.29 | 0.0 | 0.0 | 10.65 | -28.19 | 0.0 | 107.18 | -9.22 | 0.0 | 122.27 | 75.56 | 0.0 | -22.27 | -173.94 | 0.0 | 15.13 | -1.56 | 0.0 |
| 20Q2 (3) | 0.85 | 1600.0 | 0.0 | 28.67 | 10.95 | 0.0 | 6.72 | 1.2 | 0.0 | 9.63 | 709.24 | 0.0 | 8.12 | 1524.0 | 0.0 | 5.31 | 1417.14 | 0.0 | 2.45 | 880.0 | 0.0 | 0.29 | -6.45 | 0.0 | 14.83 | 136.52 | 0.0 | 118.06 | -9.44 | 0.0 | 69.65 | -87.46 | 0.0 | 30.12 | 106.61 | 0.0 | 15.37 | 15.65 | 0.0 |
| 20Q1 (2) | 0.05 | -87.8 | 0.0 | 25.84 | -3.69 | 0.0 | 6.64 | 26.72 | 0.0 | 1.19 | -75.61 | 0.0 | 0.50 | -88.24 | 0.0 | 0.35 | -85.77 | 0.0 | 0.25 | -79.51 | 0.0 | 0.31 | 14.81 | 0.0 | 6.27 | -41.02 | 0.0 | 130.37 | 12.67 | 0.0 | 555.36 | 416.25 | 0.0 | -455.36 | -5910.71 | 0.0 | 13.29 | 0 | 0.0 |
| 19Q4 (1) | 0.41 | 0.0 | 0.0 | 26.83 | 0.0 | 0.0 | 5.24 | 0.0 | 0.0 | 4.88 | 0.0 | 0.0 | 4.25 | 0.0 | 0.0 | 2.46 | 0.0 | 0.0 | 1.22 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 10.63 | 0.0 | 0.0 | 115.71 | 0.0 | 0.0 | 107.58 | 0.0 | 0.0 | -7.58 | 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) | 2.50 | -36.22 | 27.20 | -3.51 | 6.96 | -21.18 | 3.43 | 3.25 | 7.22 | -22.37 | 5.53 | -22.98 | 12.28 | -40.07 | 6.91 | -34.13 | 1.20 | -15.49 | 10.96 | -15.1 | 79.43 | -12.92 | 96.31 | 1.47 | 3.69 | -27.36 | 0.00 | 0 | 15.06 | 20.87 |
| 2022 (9) | 3.92 | 79.0 | 28.19 | 0.79 | 8.83 | 43.81 | 3.32 | -26.82 | 9.30 | 50.24 | 7.18 | 43.89 | 20.49 | 61.08 | 10.49 | 68.38 | 1.42 | 18.33 | 12.91 | 17.68 | 91.22 | -19.5 | 94.92 | -4.25 | 5.08 | 552.44 | 0.00 | 0 | 12.46 | -16.32 |
| 2021 (8) | 2.19 | 28.82 | 27.97 | 3.94 | 6.14 | 9.84 | 4.54 | -8.39 | 6.19 | 27.1 | 4.99 | 20.82 | 12.72 | 25.07 | 6.23 | 22.16 | 1.20 | 3.45 | 10.97 | 7.76 | 113.32 | 2.62 | 99.13 | -13.74 | 0.78 | 0 | 0.00 | 0 | 14.89 | -0.8 |
| 2020 (7) | 1.70 | 6.25 | 26.91 | 1.24 | 5.59 | 7.92 | 4.96 | -0.12 | 4.87 | -1.62 | 4.13 | 3.51 | 10.17 | 5.5 | 5.10 | 4.08 | 1.16 | 2.65 | 10.18 | -1.55 | 110.43 | -4.56 | 114.92 | 9.86 | -14.92 | 0 | 0.00 | 0 | 15.01 | 1.15 |
| 2019 (6) | 1.60 | -8.05 | 26.58 | -1.74 | 5.18 | -0.19 | 4.96 | 34.37 | 4.95 | 0.61 | 3.99 | -1.48 | 9.64 | -9.82 | 4.90 | -6.49 | 1.13 | -5.83 | 10.34 | 14.76 | 115.71 | 3.32 | 104.61 | -0.62 | -4.73 | 0 | 0.00 | 0 | 14.84 | 4.14 |
| 2018 (5) | 1.74 | 16.0 | 27.05 | -0.84 | 5.19 | 0.78 | 3.69 | -2.36 | 4.92 | 12.07 | 4.05 | 20.9 | 10.69 | 15.44 | 5.24 | 23.88 | 1.20 | 7.14 | 9.01 | 3.8 | 111.99 | -12.58 | 105.26 | -10.23 | -5.38 | 0 | 0.00 | 0 | 14.25 | -1.45 |
| 2017 (4) | 1.50 | -6.25 | 27.28 | -0.73 | 5.15 | 30.38 | 3.78 | -10.15 | 4.39 | -0.9 | 3.35 | -4.01 | 9.26 | -8.32 | 4.23 | -0.47 | 1.12 | 7.69 | 8.68 | -7.17 | 128.11 | -23.86 | 117.26 | 31.46 | -17.39 | 0 | 0.00 | 0 | 14.46 | -3.41 |
| 2016 (3) | 1.60 | 55.34 | 27.48 | 4.25 | 3.95 | 3.95 | 4.21 | 7.76 | 4.43 | 77.2 | 3.49 | 71.92 | 10.10 | 50.75 | 4.25 | 47.06 | 1.04 | -7.14 | 9.35 | 32.44 | 168.26 | -10.85 | 89.20 | -41.37 | 10.80 | 0 | 0.00 | 0 | 14.97 | 4.39 |
| 2015 (2) | 1.03 | -31.79 | 26.36 | 3.98 | 3.80 | -10.59 | 3.91 | 7.08 | 2.50 | -34.55 | 2.03 | -31.42 | 6.70 | -31.91 | 2.89 | -27.2 | 1.12 | -1.75 | 7.06 | -12.84 | 188.73 | -5.38 | 152.14 | 36.64 | -51.92 | 0 | 0.00 | 0 | 14.34 | 8.97 |
| 2014 (1) | 1.51 | 10.22 | 25.35 | 0 | 4.25 | 0 | 3.65 | 14.99 | 3.82 | 0 | 2.96 | 0 | 9.84 | 0 | 3.97 | 0 | 1.14 | -2.56 | 8.10 | 8.43 | 199.47 | 8.8 | 111.35 | -8.16 | -11.35 | 0 | 0.00 | 0 | 13.16 | 1.62 |
