- 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) | 1.51 | 55.67 | 7.09 | 17.95 | 19.75 | 13.04 | 11.08 | 58.51 | 23.66 | 11.37 | 39.68 | 2.25 | 8.90 | 30.5 | 3.85 | 4.31 | 50.17 | -4.43 | 2.28 | 47.1 | -2.15 | 0.24 | 14.29 | -7.69 | 19.21 | 8.78 | 1.53 | 99.37 | -0.67 | -9.71 | 97.43 | 13.35 | 20.9 | 2.57 | -81.79 | -86.76 | 15.78 | -13.68 | -2.17 |
| 24Q2 (19) | 0.97 | 16.87 | 94.0 | 14.99 | 6.09 | 21.47 | 6.99 | 15.73 | 78.77 | 8.14 | -0.49 | 89.74 | 6.82 | 6.9 | 57.51 | 2.87 | 13.44 | 71.86 | 1.55 | 13.97 | 59.79 | 0.21 | 10.53 | 10.53 | 17.66 | -3.02 | 15.73 | 100.04 | -4.61 | -0.11 | 85.95 | 16.53 | -5.8 | 14.12 | -46.19 | 61.29 | 18.28 | -2.97 | -6.73 |
| 24Q1 (18) | 0.83 | -35.16 | 176.67 | 14.13 | -15.64 | -1.33 | 6.04 | -41.64 | -2.74 | 8.18 | -10.8 | 69.01 | 6.38 | -16.16 | 140.75 | 2.53 | -35.62 | 163.54 | 1.36 | -33.98 | 119.35 | 0.19 | -24.0 | 5.56 | 18.21 | 6.87 | 13.11 | 104.87 | 3.28 | -1.61 | 73.76 | -34.63 | -42.52 | 26.24 | 304.36 | 193.11 | 18.84 | 19.7 | -3.93 |
| 23Q4 (17) | 1.28 | -9.22 | -29.28 | 16.75 | 5.48 | -20.01 | 10.35 | 15.51 | -28.37 | 9.17 | -17.54 | -26.05 | 7.61 | -11.2 | -26.62 | 3.93 | -12.86 | -31.41 | 2.06 | -11.59 | -27.97 | 0.25 | -3.85 | -3.85 | 17.04 | -9.94 | -13.5 | 101.54 | -7.74 | -4.36 | 112.84 | 40.02 | -3.19 | -12.84 | -166.14 | 22.46 | 15.74 | -2.42 | -2.36 |
| 23Q3 (16) | 1.41 | 182.0 | -33.18 | 15.88 | 28.69 | -21.03 | 8.96 | 129.16 | -32.88 | 11.12 | 159.21 | -26.36 | 8.57 | 97.92 | -25.99 | 4.51 | 170.06 | -36.48 | 2.33 | 140.21 | -29.61 | 0.26 | 36.84 | -7.14 | 18.92 | 23.98 | -11.96 | 110.06 | 9.9 | -8.17 | 80.59 | -11.68 | -8.87 | 19.41 | 121.75 | 67.75 | 16.13 | -17.7 | 6.54 |
| 23Q2 (15) | 0.50 | 66.67 | -58.68 | 12.34 | -13.83 | -35.83 | 3.91 | -37.04 | -64.74 | 4.29 | -11.36 | -58.15 | 4.33 | 63.4 | -50.91 | 1.67 | 73.96 | -61.25 | 0.97 | 56.45 | -51.98 | 0.19 | 5.56 | -13.64 | 15.26 | -5.22 | -17.69 | 100.15 | -6.04 | -18.14 | 91.25 | -28.9 | -15.66 | 8.75 | 131.07 | 206.19 | 19.60 | -0.05 | 8.41 |
| 23Q1 (14) | 0.30 | -83.43 | -81.01 | 14.32 | -31.61 | -29.8 | 6.21 | -57.02 | -54.61 | 4.84 | -60.97 | -67.36 | 2.65 | -74.45 | -75.35 | 0.96 | -83.25 | -83.39 | 0.62 | -78.32 | -76.78 | 0.18 | -30.77 | -25.0 | 16.10 | -18.27 | -28.0 | 106.59 | 0.4 | -15.63 | 128.33 | 10.1 | 39.02 | -28.18 | -70.19 | -464.77 | 19.61 | 21.65 | 17.43 |
| 22Q4 (13) | 1.81 | -14.22 | 6.47 | 20.94 | 4.13 | 9.35 | 14.45 | 8.24 | 9.97 | 12.40 | -17.88 | -6.91 | 10.37 | -10.45 | 0.97 | 5.73 | -19.3 | -11.57 | 2.86 | -13.6 | -2.05 | 0.26 | -7.14 | -7.14 | 19.70 | -8.33 | -0.56 | 106.17 | -11.41 | -13.28 | 116.56 | 31.81 | 18.18 | -16.56 | -243.07 | -1276.45 | 16.12 | 6.47 | 9.66 |
| 22Q3 (12) | 2.11 | 74.38 | 61.07 | 20.11 | 4.58 | 7.77 | 13.35 | 20.38 | 10.24 | 15.10 | 47.32 | 23.97 | 11.58 | 31.29 | 29.82 | 7.10 | 64.73 | 33.46 | 3.31 | 63.86 | 40.25 | 0.28 | 27.27 | 7.69 | 21.49 | 15.91 | 12.51 | 119.85 | -2.04 | -10.62 | 88.43 | -18.26 | -11.03 | 11.57 | 240.38 | 1804.12 | 15.14 | -16.26 | -1.82 |
| 22Q2 (11) | 1.21 | -23.42 | 132.69 | 19.23 | -5.74 | 20.49 | 11.09 | -18.93 | 66.27 | 10.25 | -30.88 | 68.03 | 8.82 | -17.95 | 77.11 | 4.31 | -25.43 | 105.24 | 2.02 | -24.34 | 102.0 | 0.22 | -8.33 | 15.79 | 18.54 | -17.08 | 20.39 | 122.35 | -3.15 | -7.47 | 108.18 | 17.19 | -1.13 | -8.24 | -206.72 | 11.2 | 18.08 | 8.26 | -4.79 |
| 22Q1 (10) | 1.58 | -7.06 | 102.56 | 20.40 | 6.53 | 14.93 | 13.68 | 4.11 | 44.3 | 14.83 | 11.34 | 64.59 | 10.75 | 4.67 | 54.68 | 5.78 | -10.8 | 83.49 | 2.67 | -8.56 | 80.41 | 0.24 | -14.29 | 20.0 | 22.36 | 12.87 | 27.26 | 126.33 | 3.19 | 3.87 | 92.31 | -6.4 | -12.26 | 7.72 | 448.88 | 248.12 | 16.70 | 13.61 | -3.47 |
| 21Q4 (9) | 1.70 | 29.77 | 55.96 | 19.15 | 2.63 | 13.25 | 13.14 | 8.51 | 27.08 | 13.32 | 9.36 | 39.77 | 10.27 | 15.13 | 43.64 | 6.48 | 21.8 | 41.79 | 2.92 | 23.73 | 42.44 | 0.28 | 7.69 | 0.0 | 19.81 | 3.72 | 25.46 | 122.43 | -8.7 | -4.2 | 98.63 | -0.77 | -9.05 | 1.41 | 131.57 | 116.54 | 14.70 | -4.67 | 8.89 |
| 21Q3 (8) | 1.31 | 151.92 | 8.26 | 18.66 | 16.92 | 1.03 | 12.11 | 81.56 | 0.0 | 12.18 | 99.67 | 5.0 | 8.92 | 79.12 | 4.57 | 5.32 | 153.33 | -1.3 | 2.36 | 136.0 | 0.0 | 0.26 | 36.84 | -3.7 | 19.10 | 24.03 | 5.35 | 134.09 | 1.41 | -1.77 | 99.39 | -9.16 | -4.88 | 0.61 | 106.55 | 113.67 | 15.42 | -18.8 | 9.99 |
| 21Q2 (7) | 0.52 | -33.33 | -38.1 | 15.96 | -10.08 | -15.69 | 6.67 | -29.64 | -38.64 | 6.10 | -32.3 | -39.78 | 4.98 | -28.35 | -33.24 | 2.10 | -33.33 | -45.03 | 1.00 | -32.43 | -42.86 | 0.19 | -5.0 | -13.64 | 15.40 | -12.35 | -15.75 | 132.23 | 8.72 | -4.76 | 109.42 | 3.99 | 1.99 | -9.28 | -78.01 | -27.54 | 18.99 | 9.77 | 12.5 |
| 21Q1 (6) | 0.78 | -28.44 | 0.0 | 17.75 | 4.97 | -5.89 | 9.48 | -8.32 | -9.11 | 9.01 | -5.46 | -9.81 | 6.95 | -2.8 | -9.62 | 3.15 | -31.07 | -11.27 | 1.48 | -27.8 | -11.38 | 0.20 | -28.57 | 0.0 | 17.57 | 11.27 | -8.54 | 121.62 | -4.84 | -6.07 | 105.22 | -2.98 | 0.87 | -5.22 | 38.69 | -21.15 | 17.30 | 28.15 | -7.24 |
| 20Q4 (5) | 1.09 | -9.92 | -9.92 | 16.91 | -8.45 | -27.77 | 10.34 | -14.62 | -28.44 | 9.53 | -17.84 | -20.98 | 7.15 | -16.18 | -14.06 | 4.57 | -15.21 | -20.38 | 2.05 | -13.14 | -18.33 | 0.28 | 3.7 | 0.0 | 15.79 | -12.91 | -14.04 | 127.80 | -6.37 | -7.27 | 108.45 | 3.78 | -9.47 | -8.51 | -91.36 | 57.03 | 13.50 | -3.71 | -5.46 |
| 20Q3 (4) | 1.21 | 44.05 | 0.0 | 18.47 | -2.43 | 0.0 | 12.11 | 11.41 | 0.0 | 11.60 | 14.51 | 0.0 | 8.53 | 14.34 | 0.0 | 5.39 | 41.1 | 0.0 | 2.36 | 34.86 | 0.0 | 0.27 | 22.73 | 0.0 | 18.13 | -0.82 | 0.0 | 136.50 | -1.69 | 0.0 | 104.50 | -2.59 | 0.0 | -4.45 | 38.93 | 0.0 | 14.02 | -16.94 | 0.0 |
| 20Q2 (3) | 0.84 | 7.69 | 0.0 | 18.93 | 0.37 | 0.0 | 10.87 | 4.22 | 0.0 | 10.13 | 1.4 | 0.0 | 7.46 | -2.99 | 0.0 | 3.82 | 7.61 | 0.0 | 1.75 | 4.79 | 0.0 | 0.22 | 10.0 | 0.0 | 18.28 | -4.84 | 0.0 | 138.84 | 7.23 | 0.0 | 107.28 | 2.85 | 0.0 | -7.28 | -69.11 | 0.0 | 16.88 | -9.49 | 0.0 |
| 20Q1 (2) | 0.78 | -35.54 | 0.0 | 18.86 | -19.44 | 0.0 | 10.43 | -27.82 | 0.0 | 9.99 | -17.16 | 0.0 | 7.69 | -7.57 | 0.0 | 3.55 | -38.15 | 0.0 | 1.67 | -33.47 | 0.0 | 0.20 | -28.57 | 0.0 | 19.21 | 4.57 | 0.0 | 129.48 | -6.05 | 0.0 | 104.30 | -12.93 | 0.0 | -4.30 | 78.26 | 0.0 | 18.65 | 30.6 | 0.0 |
| 19Q4 (1) | 1.21 | 0.0 | 0.0 | 23.41 | 0.0 | 0.0 | 14.45 | 0.0 | 0.0 | 12.06 | 0.0 | 0.0 | 8.32 | 0.0 | 0.0 | 5.74 | 0.0 | 0.0 | 2.51 | 0.0 | 0.0 | 0.28 | 0.0 | 0.0 | 18.37 | 0.0 | 0.0 | 137.82 | 0.0 | 0.0 | 119.80 | 0.0 | 0.0 | -19.80 | 0.0 | 0.0 | 14.28 | 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) | 3.50 | -47.84 | 15.10 | -25.32 | 7.78 | -41.28 | 8.22 | 23.65 | 7.86 | -40.72 | 6.21 | -40.69 | 10.69 | -52.51 | 5.82 | -47.14 | 0.84 | -16.83 | 17.03 | -17.21 | 101.54 | -4.36 | 98.99 | -0.87 | 1.02 | 641.58 | 0.34 | 70.47 | 17.43 | 6.35 |
| 2022 (9) | 6.71 | 55.68 | 20.22 | 11.77 | 13.25 | 22.57 | 6.65 | -6.57 | 13.26 | 24.27 | 10.47 | 28.47 | 22.51 | 34.71 | 11.01 | 42.43 | 1.01 | 10.99 | 20.57 | 12.59 | 106.17 | -13.28 | 99.86 | -1.37 | 0.14 | 0 | 0.20 | 22.02 | 16.39 | 0.61 |
| 2021 (8) | 4.31 | 10.23 | 18.09 | -0.5 | 10.81 | -1.46 | 7.12 | 6.27 | 10.67 | 3.29 | 8.15 | 5.71 | 16.71 | -1.65 | 7.73 | -0.26 | 0.91 | -4.21 | 18.27 | 3.34 | 122.43 | -4.2 | 101.25 | -4.64 | -1.25 | 0 | 0.17 | 0.69 | 16.29 | 5.64 |
| 2020 (7) | 3.91 | 21.81 | 18.18 | 2.13 | 10.97 | 0.27 | 6.70 | -2.15 | 10.33 | 4.24 | 7.71 | 13.38 | 16.99 | 9.47 | 7.75 | 9.77 | 0.95 | 1.06 | 17.68 | 0.11 | 127.80 | -7.27 | 106.17 | -3.8 | -6.16 | 0 | 0.16 | -5.14 | 15.42 | -5.46 |
| 2019 (6) | 3.21 | 59.7 | 17.80 | 25.18 | 10.94 | 20.35 | 6.85 | -1.47 | 9.91 | 28.53 | 6.80 | 44.07 | 15.52 | 49.81 | 7.06 | 44.67 | 0.94 | 5.62 | 17.66 | 12.7 | 137.82 | -5.27 | 110.36 | -6.4 | -10.36 | 0 | 0.17 | 13.41 | 16.31 | -5.56 |
| 2018 (5) | 2.01 | -33.0 | 14.22 | -5.14 | 9.09 | -14.81 | 6.95 | 18.59 | 7.71 | -15.18 | 4.72 | -28.81 | 10.36 | -37.59 | 4.88 | -33.33 | 0.89 | -11.88 | 15.67 | -0.44 | 145.48 | -0.74 | 117.91 | 0.49 | -17.91 | 0 | 0.15 | 0 | 17.27 | 9.44 |
| 2017 (4) | 3.00 | 120.59 | 14.99 | 18.12 | 10.67 | 40.77 | 5.86 | -11.95 | 9.09 | 74.14 | 6.63 | 85.71 | 16.60 | 109.6 | 7.32 | 96.25 | 1.01 | 13.48 | 15.74 | 24.03 | 146.56 | -0.92 | 117.34 | -19.12 | -17.34 | 0 | 0.00 | 0 | 15.78 | -9.0 |
| 2016 (3) | 1.36 | -43.57 | 12.69 | -15.17 | 7.58 | -24.8 | 6.65 | 5.15 | 5.22 | -40.21 | 3.57 | -44.74 | 7.92 | -45.23 | 3.73 | -41.44 | 0.89 | -2.2 | 12.69 | -19.84 | 147.92 | 0.01 | 145.08 | 25.68 | -45.08 | 0 | 0.00 | 0 | 17.34 | -8.4 |
| 2015 (2) | 2.41 | 44.31 | 14.96 | 5.06 | 10.08 | 19.71 | 6.33 | -10.99 | 8.73 | 10.09 | 6.46 | 10.05 | 14.46 | 30.62 | 6.37 | 24.41 | 0.91 | 15.19 | 15.83 | -0.38 | 147.90 | 1.62 | 115.43 | 8.67 | -15.43 | 0 | 0.00 | 0 | 18.93 | -8.9 |
| 2014 (1) | 1.67 | 7.05 | 14.24 | 0 | 8.42 | 0 | 7.11 | 3.25 | 7.93 | 0 | 5.87 | 0 | 11.07 | 0 | 5.12 | 0 | 0.79 | -3.66 | 15.89 | -2.63 | 145.54 | 10.49 | 106.22 | 1.08 | -6.22 | 0 | 0.00 | 0 | 20.78 | 3.95 |
