- 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) | 3.28 | 5.13 | 37.24 | 32.29 | 2.09 | 10.17 | 23.95 | 4.22 | 19.21 | 22.50 | -6.29 | 8.54 | 15.25 | -4.03 | 8.0 | 8.36 | -4.02 | 3.59 | 4.15 | -2.12 | 1.22 | 0.27 | 3.85 | -3.57 | 25.50 | -6.66 | 6.07 | 103.11 | -5.33 | 1.66 | 106.42 | 11.16 | 9.89 | -6.46 | -251.48 | -308.42 | 16.84 | -8.53 | -12.06 |
| 24Q2 (19) | 3.12 | 24.8 | 85.71 | 31.63 | 17.71 | 33.07 | 22.98 | 20.69 | 53.0 | 24.01 | 18.1 | 37.36 | 15.89 | 18.32 | 34.66 | 8.71 | 19.81 | 42.55 | 4.24 | 15.53 | 40.86 | 0.26 | -3.7 | 4.0 | 27.32 | 15.62 | 28.32 | 108.91 | -1.25 | 9.05 | 95.74 | 2.17 | 11.37 | 4.26 | -32.24 | -69.62 | 18.41 | -0.54 | -4.11 |
| 24Q1 (18) | 2.50 | 9.17 | 184.09 | 26.87 | -3.24 | 31.97 | 19.04 | -4.23 | 62.6 | 20.33 | 5.5 | 97.57 | 13.43 | 2.68 | 97.5 | 7.27 | 4.15 | 131.53 | 3.67 | 2.23 | 135.26 | 0.27 | 0.0 | 22.73 | 23.63 | 4.7 | 62.85 | 110.29 | 14.09 | -5.35 | 93.71 | -9.17 | -17.68 | 6.29 | 299.11 | 145.53 | 18.51 | 2.89 | -10.45 |
| 23Q4 (17) | 2.29 | -4.18 | 25.14 | 27.77 | -5.25 | 6.85 | 19.88 | -1.05 | 10.94 | 19.27 | -7.04 | 19.99 | 13.08 | -7.37 | 17.31 | 6.98 | -13.51 | 2.5 | 3.59 | -12.44 | 11.84 | 0.27 | -3.57 | -3.57 | 22.57 | -6.11 | 17.55 | 96.67 | -4.69 | -11.89 | 103.16 | 6.53 | -7.56 | -3.16 | -201.99 | 72.75 | 17.99 | -6.06 | 5.76 |
| 23Q3 (16) | 2.39 | 42.26 | -12.45 | 29.31 | 23.31 | 6.31 | 20.09 | 33.75 | 5.02 | 20.73 | 18.59 | -5.82 | 14.12 | 19.66 | -10.01 | 8.07 | 32.08 | -22.33 | 4.10 | 36.21 | -9.89 | 0.28 | 12.0 | -3.45 | 24.04 | 12.92 | -3.42 | 101.43 | 1.56 | -20.65 | 96.84 | 12.66 | 11.37 | 3.10 | -77.92 | -76.23 | 19.15 | -0.26 | 13.45 |
| 23Q2 (15) | 1.68 | 90.91 | -37.78 | 23.77 | 16.75 | -19.09 | 15.02 | 28.27 | -29.55 | 17.48 | 69.87 | -26.77 | 11.80 | 73.53 | -31.71 | 6.11 | 94.59 | -47.78 | 3.01 | 92.95 | -42.12 | 0.25 | 13.64 | -16.67 | 21.29 | 46.73 | -19.99 | 99.87 | -14.29 | -26.66 | 85.96 | -24.48 | -3.79 | 14.04 | 201.54 | 31.76 | 19.20 | -7.11 | 10.54 |
| 23Q1 (14) | 0.88 | -51.91 | -41.33 | 20.36 | -21.66 | -11.56 | 11.71 | -34.65 | -20.56 | 10.29 | -35.93 | -33.09 | 6.80 | -39.01 | -39.29 | 3.14 | -53.89 | -53.89 | 1.56 | -51.4 | -50.63 | 0.22 | -21.43 | -21.43 | 14.51 | -24.43 | -21.14 | 116.52 | 6.2 | -1.11 | 113.82 | 1.99 | 18.84 | -13.82 | -19.17 | -427.68 | 20.67 | 21.52 | 6.44 |
| 22Q4 (13) | 1.83 | -32.97 | 21.19 | 25.99 | -5.73 | 7.18 | 17.92 | -6.33 | 9.8 | 16.06 | -27.03 | 0.31 | 11.15 | -28.94 | 0.63 | 6.81 | -34.46 | -8.84 | 3.21 | -29.45 | -5.31 | 0.28 | -3.45 | -6.67 | 19.20 | -22.86 | 1.96 | 109.72 | -14.16 | -7.86 | 111.60 | 28.34 | 9.47 | -11.60 | -188.95 | -496.67 | 17.01 | 0.77 | -3.46 |
| 22Q3 (12) | 2.73 | 1.11 | 86.99 | 27.57 | -6.16 | 16.53 | 19.13 | -10.27 | 25.77 | 22.01 | -7.79 | 43.48 | 15.69 | -9.2 | 40.47 | 10.39 | -11.2 | 38.72 | 4.55 | -12.5 | 35.01 | 0.29 | -3.33 | -3.33 | 24.89 | -6.46 | 36.09 | 127.82 | -6.14 | 0.92 | 86.96 | -2.67 | -12.31 | 13.04 | 22.41 | 1467.84 | 16.88 | -2.82 | -8.71 |
| 22Q2 (11) | 2.70 | 80.0 | 101.49 | 29.38 | 27.63 | 17.9 | 21.32 | 44.64 | 28.82 | 23.87 | 55.2 | 51.46 | 17.28 | 54.29 | 51.85 | 11.70 | 71.81 | 64.33 | 5.20 | 64.56 | 61.99 | 0.30 | 7.14 | 7.14 | 26.61 | 44.62 | 39.69 | 136.18 | 15.57 | 9.99 | 89.35 | -6.72 | -14.89 | 10.65 | 152.53 | 314.15 | 17.37 | -10.56 | -11.47 |
| 22Q1 (10) | 1.50 | -0.66 | 36.36 | 23.02 | -5.07 | 0.83 | 14.74 | -9.68 | 8.22 | 15.38 | -3.94 | 14.43 | 11.20 | 1.08 | 8.95 | 6.81 | -8.84 | 9.31 | 3.16 | -6.78 | 13.26 | 0.28 | -6.67 | 7.69 | 18.40 | -2.28 | 7.1 | 117.83 | -1.05 | -7.65 | 95.78 | -6.05 | -5.55 | 4.22 | 317.0 | 428.24 | 19.42 | 10.22 | -6.45 |
| 21Q4 (9) | 1.51 | 3.42 | 128.79 | 24.25 | 2.49 | 13.11 | 16.32 | 7.3 | 29.63 | 16.01 | 4.37 | 56.5 | 11.08 | -0.81 | 75.04 | 7.47 | -0.27 | 90.56 | 3.39 | 0.59 | 97.09 | 0.30 | 0.0 | 20.0 | 18.83 | 2.95 | 33.26 | 119.08 | -5.98 | -10.9 | 101.94 | 2.8 | -17.23 | -1.94 | -333.74 | 91.61 | 17.62 | -4.71 | -13.2 |
| 21Q3 (8) | 1.46 | 8.96 | 36.45 | 23.66 | -5.06 | 3.77 | 15.21 | -8.1 | 8.49 | 15.34 | -2.66 | 36.84 | 11.17 | -1.85 | 24.39 | 7.49 | 5.2 | 11.13 | 3.37 | 4.98 | 25.28 | 0.30 | 7.14 | 7.14 | 18.29 | -3.99 | 24.42 | 126.66 | 2.3 | -18.34 | 99.17 | -5.53 | -20.73 | 0.83 | 116.72 | 103.31 | 18.49 | -5.76 | 11.18 |
| 21Q2 (7) | 1.34 | 21.82 | -1.47 | 24.92 | 9.15 | -0.91 | 16.55 | 21.51 | 8.31 | 15.76 | 17.26 | 12.81 | 11.38 | 10.7 | -2.23 | 7.12 | 14.29 | -23.36 | 3.21 | 15.05 | -8.29 | 0.28 | 7.69 | -3.45 | 19.05 | 10.88 | 9.86 | 123.81 | -2.96 | -29.17 | 104.98 | 3.51 | -4.06 | -4.98 | -287.06 | 47.19 | 19.62 | -5.49 | 0 |
| 21Q1 (6) | 1.10 | 66.67 | 48.65 | 22.83 | 6.48 | 11.42 | 13.62 | 8.18 | 37.16 | 13.44 | 31.38 | 30.11 | 10.28 | 62.4 | 29.96 | 6.23 | 58.93 | 14.94 | 2.79 | 62.21 | 34.13 | 0.26 | 4.0 | 8.33 | 17.18 | 21.59 | 13.47 | 127.59 | -4.53 | -30.29 | 101.41 | -17.66 | 5.46 | -1.29 | 94.45 | -133.48 | 20.76 | 2.27 | -1.52 |
| 20Q4 (5) | 0.66 | -38.32 | 10.0 | 21.44 | -5.96 | 6.72 | 12.59 | -10.2 | 7.98 | 10.23 | -8.74 | 31.49 | 6.33 | -29.51 | 9.71 | 3.92 | -41.84 | -15.7 | 1.72 | -36.06 | -4.97 | 0.25 | -10.71 | -7.41 | 14.13 | -3.88 | 13.4 | 133.65 | -13.83 | -30.31 | 123.17 | -1.55 | -17.89 | -23.17 | 7.7 | 53.45 | 20.30 | 22.07 | 16.67 |
| 20Q3 (4) | 1.07 | -21.32 | 0.0 | 22.80 | -9.34 | 0.0 | 14.02 | -8.25 | 0.0 | 11.21 | -19.76 | 0.0 | 8.98 | -22.85 | 0.0 | 6.74 | -27.45 | 0.0 | 2.69 | -23.14 | 0.0 | 0.28 | -3.45 | 0.0 | 14.70 | -15.22 | 0.0 | 155.10 | -11.28 | 0.0 | 125.10 | 14.33 | 0.0 | -25.10 | -166.47 | 0.0 | 16.63 | 0 | 0.0 |
| 20Q2 (3) | 1.36 | 83.78 | 0.0 | 25.15 | 22.74 | 0.0 | 15.28 | 53.88 | 0.0 | 13.97 | 35.24 | 0.0 | 11.64 | 47.16 | 0.0 | 9.29 | 71.4 | 0.0 | 3.50 | 68.27 | 0.0 | 0.29 | 20.83 | 0.0 | 17.34 | 14.53 | 0.0 | 174.81 | -4.5 | 0.0 | 109.42 | 13.79 | 0.0 | -9.42 | -345.42 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.74 | 23.33 | 0.0 | 20.49 | 1.99 | 0.0 | 9.93 | -14.84 | 0.0 | 10.33 | 32.78 | 0.0 | 7.91 | 37.09 | 0.0 | 5.42 | 16.56 | 0.0 | 2.08 | 14.92 | 0.0 | 0.24 | -11.11 | 0.0 | 15.14 | 21.51 | 0.0 | 183.04 | -4.55 | 0.0 | 96.16 | -35.89 | 0.0 | 3.84 | 107.71 | 0.0 | 21.08 | 21.15 | 0.0 |
| 19Q4 (1) | 0.60 | 0.0 | 0.0 | 20.09 | 0.0 | 0.0 | 11.66 | 0.0 | 0.0 | 7.78 | 0.0 | 0.0 | 5.77 | 0.0 | 0.0 | 4.65 | 0.0 | 0.0 | 1.81 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 12.46 | 0.0 | 0.0 | 191.77 | 0.0 | 0.0 | 150.00 | 0.0 | 0.0 | -49.77 | 0.0 | 0.0 | 17.40 | 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) | 7.25 | -18.17 | 25.71 | -3.42 | 17.10 | -7.12 | 3.13 | 19.68 | 17.37 | -10.88 | 11.74 | -15.72 | 22.65 | -36.22 | 11.48 | -31.95 | 0.95 | -20.17 | 20.98 | -6.46 | 96.67 | -11.89 | 98.43 | 4.15 | 1.57 | -71.48 | 0.18 | 22.41 | 19.15 | 8.81 |
| 2022 (9) | 8.86 | 63.77 | 26.62 | 11.19 | 18.41 | 18.85 | 2.62 | -8.74 | 19.49 | 28.06 | 13.93 | 26.64 | 35.51 | 25.39 | 16.87 | 31.9 | 1.19 | 4.39 | 22.43 | 21.97 | 109.72 | -7.86 | 94.51 | -7.19 | 5.51 | 0 | 0.14 | 32.43 | 17.60 | -7.47 |
| 2021 (8) | 5.41 | 41.62 | 23.94 | 5.88 | 15.49 | 17.88 | 2.87 | -6.42 | 15.22 | 32.0 | 11.00 | 24.58 | 28.32 | 12.6 | 12.79 | 23.69 | 1.14 | 3.64 | 18.39 | 19.65 | 119.08 | -10.9 | 101.83 | -10.63 | -1.83 | 0 | 0.11 | 23.16 | 19.02 | 1.55 |
| 2020 (7) | 3.82 | 1491.67 | 22.61 | 72.46 | 13.14 | 273.3 | 3.06 | -32.49 | 11.53 | 711.97 | 8.83 | 1198.53 | 25.15 | 1281.87 | 10.34 | 538.27 | 1.10 | 22.22 | 15.37 | 106.03 | 133.65 | -30.31 | 113.94 | -54.02 | -13.94 | 0 | 0.09 | -8.25 | 18.73 | -8.41 |
| 2019 (6) | 0.24 | -42.86 | 13.11 | -10.02 | 3.52 | -6.38 | 4.54 | -5.86 | 1.42 | -8.97 | 0.68 | -38.74 | 1.82 | -44.85 | 1.62 | -25.0 | 0.90 | -7.22 | 7.46 | -4.97 | 191.77 | -4.37 | 247.78 | 2.44 | -147.78 | 0 | 0.10 | -30.08 | 20.45 | -0.92 |
| 2018 (5) | 0.42 | 0 | 14.57 | 48.37 | 3.76 | 0 | 4.82 | -11.74 | 1.56 | 0 | 1.11 | 0 | 3.30 | 0 | 2.16 | 0 | 0.97 | 8.99 | 7.85 | 45.64 | 200.54 | -5.65 | 241.88 | 695.16 | -141.56 | 0 | 0.14 | 0 | 20.64 | 0.05 |
| 2017 (4) | -0.50 | 0 | 9.82 | -28.16 | -0.42 | 0 | 5.46 | -17.95 | -1.37 | 0 | -1.40 | 0 | -3.87 | 0 | -0.33 | 0 | 0.89 | 2.3 | 5.39 | -40.38 | 212.56 | 2.9 | 30.42 | -91.68 | 69.58 | 0 | 0.00 | 0 | 20.63 | -3.69 |
| 2016 (3) | 0.26 | 44.44 | 13.67 | 5.4 | 3.64 | 19.74 | 6.66 | -7.99 | 1.00 | -0.99 | 0.75 | 41.51 | 2.01 | 42.55 | 1.63 | 29.37 | 0.87 | 6.1 | 9.04 | -4.64 | 206.57 | -0.7 | 365.45 | 20.98 | -265.45 | 0 | 0.00 | 0 | 21.42 | 8.4 |
| 2015 (2) | 0.18 | -84.07 | 12.97 | -12.72 | 3.04 | -40.39 | 7.24 | 3.95 | 1.01 | -76.4 | 0.53 | -83.07 | 1.41 | -84.92 | 1.26 | -65.0 | 0.82 | -4.65 | 9.48 | -24.4 | 208.02 | -11.42 | 302.07 | 153.69 | -202.07 | 0 | 0.00 | 0 | 19.76 | 5.72 |
| 2014 (1) | 1.13 | 0 | 14.86 | 0 | 5.10 | 0 | 6.96 | -15.73 | 4.28 | 0 | 3.13 | 0 | 9.35 | 0 | 3.60 | 0 | 0.86 | 7.5 | 12.54 | 119.61 | 234.84 | -9.58 | 119.07 | 33.47 | -18.95 | 0 | 0.00 | 0 | 18.69 | -5.03 |
