- 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) | 0.61 | -39.6 | -58.22 | 19.34 | -5.93 | -13.27 | 10.31 | -10.27 | -31.72 | 8.34 | -35.7 | -55.78 | 6.03 | -37.12 | -60.01 | 1.88 | -40.32 | -59.83 | 1.18 | -37.23 | -55.81 | 0.18 | 0.0 | 5.88 | 14.12 | -25.05 | -41.22 | 80.19 | 6.1 | -5.46 | 122.00 | 35.94 | 52.1 | -24.00 | -308.0 | -221.26 | 11.07 | -7.6 | -8.59 |
| 24Q2 (19) | 1.01 | -26.81 | -6.48 | 20.56 | 9.3 | 11.5 | 11.49 | 13.43 | 13.99 | 12.97 | -20.62 | -3.85 | 9.59 | -26.63 | -10.87 | 3.15 | -27.92 | -12.98 | 1.88 | -20.34 | -6.93 | 0.18 | 5.88 | 0.0 | 18.84 | -14.48 | 2.5 | 75.58 | -14.42 | -5.18 | 89.74 | 44.5 | 20.81 | 11.54 | -69.55 | -55.13 | 11.98 | 0.76 | 5.27 |
| 24Q1 (18) | 1.38 | 48.39 | -17.86 | 18.81 | -15.08 | -14.5 | 10.13 | -26.17 | -33.53 | 16.34 | 74.57 | 2.0 | 13.07 | 69.3 | 2.11 | 4.37 | 52.26 | -22.65 | 2.36 | 48.43 | -21.07 | 0.17 | -10.53 | -26.09 | 22.03 | 62.22 | 12.34 | 88.31 | -11.95 | -10.55 | 62.11 | -57.39 | -34.88 | 37.89 | 182.81 | 718.53 | 11.89 | 7.89 | 20.34 |
| 23Q4 (17) | 0.93 | -36.3 | -38.82 | 22.15 | -0.67 | -6.62 | 13.72 | -9.14 | -11.54 | 9.36 | -50.37 | -35.76 | 7.72 | -48.81 | -34.96 | 2.87 | -38.68 | -44.49 | 1.59 | -40.45 | -44.01 | 0.19 | 11.76 | -17.39 | 13.58 | -43.46 | -24.6 | 100.30 | 18.25 | 9.28 | 145.76 | 81.73 | 36.14 | -45.76 | -331.22 | -655.08 | 11.02 | -9.0 | -2.39 |
| 23Q3 (16) | 1.46 | 35.19 | -31.78 | 22.30 | 20.93 | -7.28 | 15.10 | 49.8 | -11.59 | 18.86 | 39.81 | -14.74 | 15.08 | 40.15 | -14.61 | 4.68 | 29.28 | -35.0 | 2.67 | 32.18 | -35.35 | 0.17 | -5.56 | -26.09 | 24.02 | 30.69 | -6.39 | 84.82 | 6.41 | 2.85 | 80.21 | 7.97 | 3.54 | 19.79 | -23.03 | -12.17 | 12.11 | 6.41 | 10.29 |
| 23Q2 (15) | 1.08 | -35.71 | -37.21 | 18.44 | -16.18 | -20.35 | 10.08 | -33.86 | -35.22 | 13.49 | -15.79 | -29.07 | 10.76 | -15.94 | -29.26 | 3.62 | -35.93 | -38.64 | 2.02 | -32.44 | -37.65 | 0.18 | -21.74 | -14.29 | 18.38 | -6.27 | -18.82 | 79.71 | -19.26 | 9.82 | 74.29 | -22.11 | -8.51 | 25.71 | 455.43 | 43.27 | 11.38 | 15.18 | 4.02 |
| 23Q1 (14) | 1.68 | 10.53 | 11.26 | 22.00 | -7.25 | 7.74 | 15.24 | -1.74 | 19.06 | 16.02 | 9.95 | 1.65 | 12.80 | 7.83 | 1.51 | 5.65 | 9.28 | 12.77 | 2.99 | 5.28 | 8.33 | 0.23 | 0.0 | 9.52 | 19.61 | 8.88 | 1.34 | 98.73 | 7.57 | -1.64 | 95.37 | -10.93 | 18.35 | 4.63 | 176.39 | -74.9 | 9.88 | -12.49 | 3.78 |
| 22Q4 (13) | 1.52 | -28.97 | -4.4 | 23.72 | -1.37 | 7.97 | 15.51 | -9.19 | 21.36 | 14.57 | -34.13 | 10.88 | 11.87 | -32.79 | 9.6 | 5.17 | -28.19 | 2.58 | 2.84 | -31.23 | -1.05 | 0.23 | 0.0 | -11.54 | 18.01 | -29.81 | 10.9 | 91.78 | 11.29 | 28.26 | 107.07 | 38.22 | 10.45 | -6.06 | -126.89 | -297.98 | 11.29 | 2.82 | -5.36 |
| 22Q3 (12) | 2.14 | 24.42 | 31.29 | 24.05 | 3.89 | 5.85 | 17.08 | 9.77 | 12.37 | 22.12 | 16.3 | 42.07 | 17.66 | 16.11 | 41.85 | 7.20 | 22.03 | 25.44 | 4.13 | 27.47 | 35.86 | 0.23 | 9.52 | -4.17 | 25.66 | 13.34 | 33.92 | 82.47 | 13.63 | -4.73 | 77.46 | -4.6 | -21.0 | 22.54 | 25.55 | 1060.56 | 10.98 | 0.37 | 14.38 |
| 22Q2 (11) | 1.72 | 13.91 | 33.33 | 23.15 | 13.37 | 23.34 | 15.56 | 21.56 | 37.33 | 19.02 | 20.69 | 84.12 | 15.21 | 20.62 | 84.14 | 5.90 | 17.76 | 34.7 | 3.24 | 17.39 | 47.27 | 0.21 | 0.0 | -19.23 | 22.64 | 17.0 | 65.5 | 72.58 | -27.69 | -26.74 | 81.20 | 0.76 | -25.91 | 17.95 | -2.7 | 287.18 | 10.94 | 14.92 | 21.56 |
| 22Q1 (10) | 1.51 | -5.03 | 26.89 | 20.42 | -7.06 | 24.36 | 12.80 | 0.16 | 31.01 | 15.76 | 19.94 | 70.56 | 12.61 | 16.44 | 73.21 | 5.01 | -0.6 | 18.16 | 2.76 | -3.83 | 32.69 | 0.21 | -19.23 | -25.0 | 19.35 | 19.15 | 52.72 | 100.38 | 40.27 | -10.24 | 80.58 | -16.87 | -23.83 | 18.45 | 502.59 | 418.2 | 9.52 | -20.2 | 6.85 |
| 21Q4 (9) | 1.59 | -2.45 | 48.6 | 21.97 | -3.3 | 34.46 | 12.78 | -15.92 | 36.25 | 13.14 | -15.61 | 69.11 | 10.83 | -13.01 | 71.9 | 5.04 | -12.2 | 38.84 | 2.87 | -5.59 | 56.83 | 0.26 | 8.33 | -7.14 | 16.24 | -15.24 | 42.46 | 71.56 | -17.33 | -33.84 | 96.94 | -1.14 | -19.47 | 3.06 | 57.65 | 115.03 | 11.93 | 24.27 | 23.88 |
| 21Q3 (8) | 1.63 | 26.36 | 69.79 | 22.72 | 21.04 | 34.68 | 15.20 | 34.16 | 59.66 | 15.57 | 50.73 | 85.8 | 12.45 | 50.73 | 85.54 | 5.74 | 31.05 | 58.56 | 3.04 | 38.18 | 62.57 | 0.24 | -7.69 | -11.11 | 19.16 | 40.06 | 53.77 | 86.56 | -12.63 | -16.54 | 98.06 | -10.52 | -13.98 | 1.94 | 120.25 | 113.87 | 9.60 | 6.67 | -7.25 |
| 21Q2 (7) | 1.29 | 8.4 | 37.23 | 18.77 | 14.31 | 12.87 | 11.33 | 15.97 | 32.98 | 10.33 | 11.8 | 29.45 | 8.26 | 13.46 | 29.06 | 4.38 | 3.3 | 38.17 | 2.20 | 5.77 | 35.8 | 0.26 | -7.14 | 8.33 | 13.68 | 7.97 | 7.46 | 99.07 | -11.41 | -1.0 | 109.59 | 3.58 | 1.76 | -9.59 | -65.41 | -24.66 | 9.00 | 1.01 | 0 |
| 21Q1 (6) | 1.19 | 11.21 | 4.39 | 16.42 | 0.49 | 0.37 | 9.77 | 4.16 | 18.71 | 9.24 | 18.92 | -5.13 | 7.28 | 15.56 | -6.67 | 4.24 | 16.8 | 10.99 | 2.08 | 13.66 | 4.0 | 0.28 | 0.0 | 12.0 | 12.67 | 11.14 | -11.83 | 111.83 | 3.39 | 1.08 | 105.80 | -12.11 | 27.5 | -5.80 | 71.54 | -138.92 | 8.91 | -7.48 | 0 |
| 20Q4 (5) | 1.07 | 11.46 | 114.0 | 16.34 | -3.14 | -1.45 | 9.38 | -1.47 | 33.62 | 7.77 | -7.28 | 66.74 | 6.30 | -6.11 | 64.92 | 3.63 | 0.28 | 129.75 | 1.83 | -2.14 | 84.85 | 0.28 | 3.7 | 16.67 | 11.40 | -8.51 | 21.93 | 108.16 | 4.29 | 21.75 | 120.37 | 5.59 | -19.75 | -20.37 | -45.5 | 59.26 | 9.63 | -6.96 | -30.77 |
| 20Q3 (4) | 0.96 | 2.13 | 0.0 | 16.87 | 1.44 | 0.0 | 9.52 | 11.74 | 0.0 | 8.38 | 5.01 | 0.0 | 6.71 | 4.84 | 0.0 | 3.62 | 14.2 | 0.0 | 1.87 | 15.43 | 0.0 | 0.27 | 12.5 | 0.0 | 12.46 | -2.12 | 0.0 | 103.71 | 3.64 | 0.0 | 114.00 | 5.86 | 0.0 | -14.00 | -82.0 | 0.0 | 10.35 | 0 | 0.0 |
| 20Q2 (3) | 0.94 | -17.54 | 0.0 | 16.63 | 1.65 | 0.0 | 8.52 | 3.52 | 0.0 | 7.98 | -18.07 | 0.0 | 6.40 | -17.95 | 0.0 | 3.17 | -17.02 | 0.0 | 1.62 | -19.0 | 0.0 | 0.24 | -4.0 | 0.0 | 12.73 | -11.41 | 0.0 | 100.07 | -9.55 | 0.0 | 107.69 | 29.78 | 0.0 | -7.69 | -151.65 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 1.14 | 128.0 | 0.0 | 16.36 | -1.33 | 0.0 | 8.23 | 17.24 | 0.0 | 9.74 | 109.01 | 0.0 | 7.80 | 104.19 | 0.0 | 3.82 | 141.77 | 0.0 | 2.00 | 102.02 | 0.0 | 0.25 | 4.17 | 0.0 | 14.37 | 53.69 | 0.0 | 110.63 | 24.53 | 0.0 | 82.98 | -44.68 | 0.0 | 14.89 | 129.79 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.50 | 0.0 | 0.0 | 16.58 | 0.0 | 0.0 | 7.02 | 0.0 | 0.0 | 4.66 | 0.0 | 0.0 | 3.82 | 0.0 | 0.0 | 1.58 | 0.0 | 0.0 | 0.99 | 0.0 | 0.0 | 0.24 | 0.0 | 0.0 | 9.35 | 0.0 | 0.0 | 88.84 | 0.0 | 0.0 | 150.00 | 0.0 | 0.0 | -50.00 | 0.0 | 0.0 | 13.91 | 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) | 5.12 | -26.33 | 21.31 | -6.7 | 13.65 | -10.37 | 3.57 | 20.18 | 14.28 | -19.78 | 11.48 | -19.66 | 16.33 | -27.71 | 8.70 | -31.71 | 0.73 | -16.09 | 18.67 | -12.35 | 100.30 | 9.28 | 95.48 | 11.44 | 4.52 | -68.91 | 0.12 | -60.51 | 11.01 | 3.09 |
| 2022 (9) | 6.95 | 28.23 | 22.84 | 14.72 | 15.23 | 24.84 | 2.97 | -0.04 | 17.80 | 48.46 | 14.29 | 48.08 | 22.59 | 21.06 | 12.74 | 24.66 | 0.87 | -15.53 | 21.30 | 38.67 | 91.78 | 28.26 | 85.68 | -15.79 | 14.53 | 0 | 0.30 | -2.98 | 10.68 | 8.1 |
| 2021 (8) | 5.42 | 46.09 | 19.91 | 20.37 | 12.20 | 35.71 | 2.97 | -22.08 | 11.99 | 42.74 | 9.65 | 42.96 | 18.66 | 40.09 | 10.22 | 46.63 | 1.03 | 4.04 | 15.36 | 21.9 | 71.56 | -33.84 | 101.75 | -5.27 | -1.75 | 0 | 0.31 | 14.51 | 9.88 | -8.18 |
| 2020 (7) | 3.71 | -12.91 | 16.54 | -12.39 | 8.99 | -4.87 | 3.82 | 1.95 | 8.40 | -11.95 | 6.75 | -11.88 | 13.32 | -1.26 | 6.97 | -16.73 | 0.99 | -7.48 | 12.60 | -6.94 | 108.16 | 21.75 | 107.41 | 8.03 | -6.88 | 0 | 0.27 | 74.51 | 10.76 | -14.94 |
| 2019 (6) | 4.26 | 48.43 | 18.88 | 14.63 | 9.45 | 37.35 | 3.74 | -8.08 | 9.54 | 16.06 | 7.66 | 14.5 | 13.49 | 51.06 | 8.37 | 26.24 | 1.07 | 10.31 | 13.54 | 8.32 | 88.84 | 120.72 | 99.42 | 19.1 | 1.16 | -93.0 | 0.15 | -44.39 | 12.65 | -7.46 |
| 2018 (5) | 2.87 | 139.17 | 16.47 | 24.77 | 6.88 | 394.96 | 4.07 | -30.85 | 8.22 | 120.97 | 6.69 | 90.6 | 8.93 | 152.97 | 6.63 | 141.09 | 0.97 | 29.33 | 12.50 | 28.21 | 40.25 | 16.63 | 83.48 | 122.61 | 16.52 | -73.57 | 0.28 | 0 | 13.67 | -11.29 |
| 2017 (4) | 1.20 | -60.53 | 13.20 | -24.87 | 1.39 | -75.44 | 5.89 | 13.49 | 3.72 | -59.17 | 3.51 | -55.9 | 3.53 | -61.21 | 2.75 | -58.89 | 0.75 | -8.54 | 9.75 | -32.71 | 34.51 | 3.05 | 37.50 | -39.29 | 62.50 | 63.46 | 0.00 | 0 | 15.41 | -2.03 |
| 2016 (3) | 3.04 | 63.44 | 17.57 | 12.99 | 5.66 | 31.32 | 5.19 | 10.96 | 9.11 | 62.1 | 7.96 | 69.36 | 9.10 | 36.43 | 6.69 | 38.8 | 0.82 | -15.46 | 14.49 | 36.06 | 33.49 | -28.47 | 61.76 | -19.71 | 38.24 | 65.69 | 0.00 | 0 | 15.73 | 18.27 |
| 2015 (2) | 1.86 | 21.57 | 15.55 | 1.9 | 4.31 | -1.15 | 4.68 | 16.08 | 5.62 | 3.31 | 4.70 | 6.33 | 6.67 | 14.8 | 4.82 | 9.55 | 0.97 | 1.04 | 10.65 | 10.59 | 46.82 | 2.88 | 76.92 | -3.85 | 23.08 | 15.38 | 0.00 | 0 | 13.30 | 5.72 |
| 2014 (1) | 1.53 | -41.38 | 15.26 | 0 | 4.36 | 0 | 4.03 | 6.87 | 5.44 | 0 | 4.42 | 0 | 5.81 | 0 | 4.40 | 0 | 0.96 | -15.04 | 9.63 | -20.35 | 45.51 | 56.28 | 80.00 | -17.36 | 20.00 | 526.67 | 0.00 | 0 | 12.58 | 14.68 |
