- 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) | 0.78 | -41.35 | -14.29 | 8.79 | -24.87 | -9.38 | 6.29 | -31.78 | -13.12 | 6.80 | -34.17 | -14.14 | 5.58 | -35.12 | -14.81 | 2.12 | -43.01 | -15.54 | 1.74 | -40.21 | -16.75 | 0.31 | -6.06 | 0.0 | 10.71 | -22.39 | -7.91 | 21.70 | -17.46 | -1.72 | 92.46 | 3.59 | 1.34 | 7.54 | -29.8 | -13.96 | 3.69 | -4.4 | 1.65 |
| 24Q2 (19) | 1.33 | 29.13 | 25.47 | 11.70 | 7.04 | 20.87 | 9.22 | 12.99 | 25.44 | 10.33 | 20.4 | 27.85 | 8.60 | 21.81 | 25.73 | 3.72 | 31.45 | 24.0 | 2.91 | 29.33 | 21.25 | 0.33 | 6.45 | -5.71 | 13.80 | 13.86 | 21.59 | 26.29 | -19.16 | 13.42 | 89.26 | -6.24 | -1.83 | 10.74 | 117.51 | 18.32 | 3.86 | -1.28 | 13.53 |
| 24Q1 (18) | 1.03 | -6.36 | 1.98 | 10.93 | 0.92 | 3.9 | 8.16 | -2.86 | 1.37 | 8.58 | -1.61 | 0.7 | 7.06 | -0.28 | 4.59 | 2.83 | -5.03 | 0.71 | 2.25 | -8.54 | -1.32 | 0.31 | -8.82 | -8.82 | 12.12 | 0.75 | 0.83 | 32.52 | 39.33 | 6.73 | 95.20 | -1.18 | 0.74 | 4.94 | 34.7 | -10.27 | 3.91 | 7.12 | 8.01 |
| 23Q4 (17) | 1.10 | 20.88 | -9.09 | 10.83 | 11.65 | -2.43 | 8.40 | 16.02 | -4.55 | 8.72 | 10.1 | -9.73 | 7.08 | 8.09 | -10.15 | 2.98 | 18.73 | -9.97 | 2.46 | 17.7 | -11.83 | 0.34 | 9.68 | -2.86 | 12.03 | 3.44 | -9.28 | 23.34 | 5.71 | 31.42 | 96.33 | 5.59 | 5.87 | 3.67 | -58.17 | -58.77 | 3.65 | 0.55 | 3.99 |
| 23Q3 (16) | 0.91 | -14.15 | -9.9 | 9.70 | 0.21 | 20.8 | 7.24 | -1.5 | 27.02 | 7.92 | -1.98 | 1.54 | 6.55 | -4.24 | -1.06 | 2.51 | -16.33 | -11.62 | 2.09 | -12.92 | -9.13 | 0.31 | -11.43 | -8.82 | 11.63 | 2.47 | 0.26 | 22.08 | -4.75 | 4.45 | 91.24 | 0.35 | 24.73 | 8.76 | -3.47 | -67.54 | 3.63 | 6.76 | 11.69 |
| 23Q2 (15) | 1.06 | 4.95 | -32.05 | 9.68 | -7.98 | -10.87 | 7.35 | -8.7 | -16.0 | 8.08 | -5.16 | -18.71 | 6.84 | 1.33 | -17.99 | 3.00 | 6.76 | -32.58 | 2.40 | 5.26 | -28.78 | 0.35 | 2.94 | -12.5 | 11.35 | -5.57 | -12.63 | 23.18 | -23.93 | -18.89 | 90.92 | -3.78 | 3.27 | 9.08 | 64.96 | -24.07 | 3.40 | -6.08 | 10.75 |
| 23Q1 (14) | 1.01 | -16.53 | -33.11 | 10.52 | -5.23 | -19.26 | 8.05 | -8.52 | -24.63 | 8.52 | -11.8 | -26.11 | 6.75 | -14.34 | -23.47 | 2.81 | -15.11 | -32.29 | 2.28 | -18.28 | -29.19 | 0.34 | -2.86 | -5.56 | 12.02 | -9.35 | -17.61 | 30.47 | 71.57 | -18.22 | 94.50 | 3.85 | 2.06 | 5.50 | -38.11 | -24.85 | 3.62 | 3.13 | 5.54 |
| 22Q4 (13) | 1.21 | 19.8 | -42.11 | 11.10 | 38.23 | -28.2 | 8.80 | 54.39 | -33.08 | 9.66 | 23.85 | -30.2 | 7.88 | 19.03 | -29.07 | 3.31 | 16.55 | -41.31 | 2.79 | 21.3 | -39.22 | 0.35 | 2.94 | -14.63 | 13.26 | 14.31 | -20.46 | 17.76 | -15.99 | -17.74 | 90.99 | 24.39 | -4.26 | 8.89 | -67.06 | 79.37 | 3.51 | 8.0 | 18.98 |
| 22Q3 (12) | 1.01 | -35.26 | -47.67 | 8.03 | -26.06 | -49.15 | 5.70 | -34.86 | -57.78 | 7.80 | -21.53 | -46.61 | 6.62 | -20.62 | -42.73 | 2.84 | -36.18 | -45.7 | 2.30 | -31.75 | -45.5 | 0.34 | -15.0 | -5.56 | 11.60 | -10.7 | -34.57 | 21.14 | -26.03 | -15.13 | 73.15 | -16.92 | -20.88 | 27.00 | 125.8 | 254.69 | 3.25 | 5.86 | -11.44 |
| 22Q2 (11) | 1.56 | 3.31 | -11.36 | 10.86 | -16.65 | -23.36 | 8.75 | -18.07 | -25.72 | 9.94 | -13.79 | -22.46 | 8.34 | -5.44 | -19.88 | 4.45 | 7.23 | -7.87 | 3.37 | 4.66 | -14.47 | 0.40 | 11.11 | 5.26 | 12.99 | -10.97 | -18.3 | 28.58 | -23.3 | 22.29 | 88.04 | -4.91 | -4.19 | 11.96 | 63.25 | 47.45 | 3.07 | -10.5 | -2.85 |
| 22Q1 (10) | 1.51 | -27.75 | 30.17 | 13.03 | -15.72 | -0.53 | 10.68 | -18.78 | 3.49 | 11.53 | -16.69 | 8.57 | 8.82 | -20.61 | 3.16 | 4.15 | -26.42 | 22.42 | 3.22 | -29.85 | 14.18 | 0.36 | -12.2 | 9.09 | 14.59 | -12.48 | 0.21 | 37.26 | 72.58 | 69.13 | 92.59 | -2.58 | -4.8 | 7.32 | 47.74 | 166.83 | 3.43 | 16.27 | -8.53 |
| 21Q4 (9) | 2.09 | 8.29 | 72.73 | 15.46 | -2.09 | 15.89 | 13.15 | -2.59 | 23.47 | 13.84 | -5.27 | 21.72 | 11.11 | -3.89 | 19.98 | 5.64 | 7.84 | 52.43 | 4.59 | 8.77 | 45.25 | 0.41 | 13.89 | 20.59 | 16.67 | -5.98 | 9.17 | 21.59 | -13.33 | 18.56 | 95.04 | 2.79 | 1.5 | 4.96 | -34.87 | -22.04 | 2.95 | -19.62 | -22.57 |
| 21Q3 (8) | 1.93 | 9.66 | 47.33 | 15.79 | 11.43 | -2.71 | 13.50 | 14.6 | 0.37 | 14.61 | 13.96 | 1.88 | 11.56 | 11.05 | -0.86 | 5.23 | 8.28 | 24.52 | 4.22 | 7.11 | 21.61 | 0.36 | -5.26 | 20.0 | 17.73 | 11.51 | -6.34 | 24.91 | 6.59 | 52.45 | 92.46 | 0.62 | -1.45 | 7.61 | -6.13 | 23.22 | 3.67 | 16.14 | -13.44 |
| 21Q2 (7) | 1.76 | 51.72 | 60.0 | 14.17 | 8.17 | -0.91 | 11.78 | 14.15 | 1.38 | 12.82 | 20.72 | 7.1 | 10.41 | 21.75 | 7.76 | 4.83 | 42.48 | 38.0 | 3.94 | 39.72 | 35.86 | 0.38 | 15.15 | 26.67 | 15.90 | 9.2 | -3.58 | 23.37 | 6.08 | -10.22 | 91.89 | -5.51 | -5.24 | 8.11 | 195.42 | 167.91 | 3.16 | -15.73 | -23.49 |
| 21Q1 (6) | 1.16 | -4.13 | 31.82 | 13.10 | -1.8 | 3.56 | 10.32 | -3.1 | 6.72 | 10.62 | -6.6 | 8.26 | 8.55 | -7.67 | 8.92 | 3.39 | -8.38 | 22.83 | 2.82 | -10.76 | 18.99 | 0.33 | -2.94 | 10.0 | 14.56 | -4.65 | 1.25 | 22.03 | 20.98 | 35.15 | 97.26 | 3.86 | -1.36 | 2.74 | -56.83 | 94.87 | 3.75 | -1.57 | -8.54 |
| 20Q4 (5) | 1.21 | -7.63 | 47.56 | 13.34 | -17.81 | 21.72 | 10.65 | -20.82 | 31.97 | 11.37 | -20.71 | 36.33 | 9.26 | -20.58 | 37.8 | 3.70 | -11.9 | 39.62 | 3.16 | -8.93 | 41.7 | 0.34 | 13.33 | 3.03 | 15.27 | -19.33 | 21.67 | 18.21 | 11.44 | 4.72 | 93.64 | -0.19 | -3.26 | 6.36 | 2.94 | 88.84 | 3.81 | -10.14 | 1.87 |
| 20Q3 (4) | 1.31 | 19.09 | 0.0 | 16.23 | 13.5 | 0.0 | 13.45 | 15.75 | 0.0 | 14.34 | 19.8 | 0.0 | 11.66 | 20.7 | 0.0 | 4.20 | 20.0 | 0.0 | 3.47 | 19.66 | 0.0 | 0.30 | 0.0 | 0.0 | 18.93 | 14.8 | 0.0 | 16.34 | -37.23 | 0.0 | 93.82 | -3.25 | 0.0 | 6.18 | 104.09 | 0.0 | 4.24 | 2.66 | 0.0 |
| 20Q2 (3) | 1.10 | 25.0 | 0.0 | 14.30 | 13.04 | 0.0 | 11.62 | 20.17 | 0.0 | 11.97 | 22.02 | 0.0 | 9.66 | 23.06 | 0.0 | 3.50 | 26.81 | 0.0 | 2.90 | 22.36 | 0.0 | 0.30 | 0.0 | 0.0 | 16.49 | 14.67 | 0.0 | 26.03 | 59.69 | 0.0 | 96.97 | -1.64 | 0.0 | 3.03 | 114.88 | 0.0 | 4.13 | 0.73 | 0.0 |
| 20Q1 (2) | 0.88 | 7.32 | 0.0 | 12.65 | 15.42 | 0.0 | 9.67 | 19.83 | 0.0 | 9.81 | 17.63 | 0.0 | 7.85 | 16.82 | 0.0 | 2.76 | 4.15 | 0.0 | 2.37 | 6.28 | 0.0 | 0.30 | -9.09 | 0.0 | 14.38 | 14.58 | 0.0 | 16.30 | -6.27 | 0.0 | 98.59 | 1.85 | 0.0 | 1.41 | -58.17 | 0.0 | 4.10 | 9.63 | 0.0 |
| 19Q4 (1) | 0.82 | 0.0 | 0.0 | 10.96 | 0.0 | 0.0 | 8.07 | 0.0 | 0.0 | 8.34 | 0.0 | 0.0 | 6.72 | 0.0 | 0.0 | 2.65 | 0.0 | 0.0 | 2.23 | 0.0 | 0.0 | 0.33 | 0.0 | 0.0 | 12.55 | 0.0 | 0.0 | 17.39 | 0.0 | 0.0 | 96.80 | 0.0 | 0.0 | 3.37 | 0.0 | 0.0 | 3.74 | 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) | 4.08 | -22.73 | 10.19 | -5.91 | 7.77 | -9.23 | 3.32 | 0.83 | 8.32 | -15.02 | 6.81 | -14.45 | 10.87 | -22.41 | 9.14 | -22.28 | 1.32 | -10.2 | 11.76 | -10.5 | 23.34 | 31.42 | 93.38 | 6.87 | 6.62 | -47.45 | 0.00 | 0 | 3.57 | 7.85 |
| 2022 (9) | 5.28 | -23.92 | 10.83 | -26.48 | 8.56 | -30.46 | 3.29 | 3.61 | 9.79 | -25.32 | 7.96 | -24.33 | 14.01 | -27.82 | 11.76 | -27.41 | 1.47 | -4.55 | 13.14 | -19.44 | 17.76 | -17.74 | 87.38 | -6.91 | 12.59 | 105.56 | 0.00 | 0 | 3.31 | -1.19 |
| 2021 (8) | 6.94 | 54.22 | 14.73 | 4.47 | 12.31 | 8.75 | 3.18 | -26.79 | 13.11 | 10.54 | 10.52 | 9.58 | 19.41 | 39.84 | 16.20 | 37.29 | 1.54 | 25.2 | 16.31 | 0.49 | 21.59 | 18.56 | 93.88 | -1.69 | 6.12 | 35.79 | 0.00 | 0 | 3.35 | -17.49 |
| 2020 (7) | 4.50 | 33.53 | 14.10 | 36.5 | 11.32 | 50.33 | 4.34 | 7.99 | 11.86 | 37.59 | 9.60 | 35.59 | 13.88 | 30.57 | 11.80 | 32.44 | 1.23 | -1.6 | 16.23 | 27.8 | 18.21 | 4.72 | 95.49 | 9.29 | 4.51 | -64.29 | 0.00 | 0 | 4.06 | 15.34 |
| 2019 (6) | 3.37 | -33.4 | 10.33 | -23.54 | 7.53 | -30.34 | 4.02 | 21.78 | 8.62 | -26.83 | 7.08 | -25.71 | 10.63 | -34.54 | 8.91 | -34.34 | 1.25 | -11.97 | 12.70 | -16.01 | 17.39 | -22.16 | 87.37 | -4.75 | 12.63 | 52.11 | 0.00 | 0 | 3.52 | -1.4 |
| 2018 (5) | 5.06 | 7.89 | 13.51 | -12.39 | 10.81 | -11.83 | 3.30 | -31.88 | 11.78 | -10.08 | 9.53 | -13.44 | 16.24 | 1.88 | 13.57 | 0.3 | 1.42 | 15.45 | 15.12 | -15.81 | 22.34 | 28.39 | 91.72 | -1.96 | 8.30 | 28.8 | 0.00 | 0 | 3.57 | -9.39 |
| 2017 (4) | 4.69 | 50.32 | 15.42 | 2.05 | 12.26 | 9.56 | 4.84 | -16.58 | 13.10 | 24.76 | 11.01 | 26.99 | 15.94 | 44.25 | 13.53 | 43.94 | 1.23 | 13.89 | 17.96 | 10.12 | 17.40 | -5.49 | 93.55 | -12.24 | 6.45 | 0 | 0.00 | 0 | 3.94 | -9.43 |
| 2016 (3) | 3.12 | -9.57 | 15.11 | 17.13 | 11.19 | 15.96 | 5.80 | 27.66 | 10.50 | 2.34 | 8.67 | 1.17 | 11.05 | -11.6 | 9.40 | -10.13 | 1.08 | -11.48 | 16.31 | 10.05 | 18.41 | 9.0 | 106.60 | 13.45 | -6.60 | 0 | 0.00 | 0 | 4.35 | 12.99 |
| 2015 (2) | 3.45 | 20.21 | 12.90 | 51.76 | 9.65 | 61.1 | 4.55 | 59.69 | 10.26 | 56.4 | 8.57 | 54.97 | 12.50 | 18.6 | 10.46 | 21.77 | 1.22 | -21.29 | 14.82 | 57.16 | 16.89 | -24.53 | 93.96 | 3.01 | 6.00 | -31.72 | 0.00 | 0 | 3.85 | 27.91 |
| 2014 (1) | 2.87 | 15.26 | 8.50 | 0 | 5.99 | 0 | 2.85 | -17.11 | 6.56 | 0 | 5.53 | 0 | 10.54 | 0 | 8.59 | 0 | 1.55 | 2.65 | 9.43 | 2.17 | 22.38 | -4.68 | 91.21 | -2.65 | 8.79 | 39.4 | 0.00 | 0 | 3.01 | 6.36 |
