- 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) | 0.79 | 31.67 | 25.4 | 8.49 | -2.41 | 6.93 | 2.80 | 15.7 | 35.92 | 2.71 | 3.83 | 15.81 | 2.16 | 4.85 | 15.51 | 3.45 | 21.48 | 21.48 | 1.55 | 14.81 | 19.23 | 0.68 | 7.94 | 3.03 | 3.27 | 1.87 | 11.99 | 134.97 | 0.61 | 5.86 | 102.84 | 11.1 | 16.83 | -3.41 | -145.87 | -128.48 | 3.92 | -11.51 | -2.73 |
| 24Q2 (19) | 0.60 | 7.14 | 0.0 | 8.70 | 1.99 | 2.35 | 2.42 | 23.47 | 14.15 | 2.61 | 11.06 | 13.48 | 2.06 | 9.57 | 11.96 | 2.84 | 20.34 | 7.98 | 1.35 | 10.66 | 8.0 | 0.63 | 0.0 | -3.08 | 3.21 | 8.81 | 10.69 | 134.15 | 29.54 | 1.28 | 92.57 | 10.54 | 0.78 | 7.43 | -56.47 | -8.78 | 4.43 | -6.54 | 5.23 |
| 24Q1 (18) | 0.56 | 5.66 | -8.2 | 8.53 | -4.48 | 7.57 | 1.96 | -15.88 | -14.78 | 2.35 | 17.5 | 7.31 | 1.88 | 19.75 | 5.03 | 2.36 | 12.38 | -2.88 | 1.22 | 16.19 | 7.02 | 0.63 | 0.0 | 5.0 | 2.95 | 12.17 | 5.36 | 103.56 | 6.15 | -6.95 | 83.74 | -28.04 | -20.1 | 17.07 | 204.34 | 455.69 | 4.74 | 7.48 | 11.53 |
| 23Q4 (17) | 0.53 | -15.87 | 26.19 | 8.93 | 12.47 | 18.28 | 2.33 | 13.11 | 43.83 | 2.00 | -14.53 | 31.58 | 1.57 | -16.04 | 31.93 | 2.10 | -26.06 | 17.32 | 1.05 | -19.23 | 29.63 | 0.63 | -4.55 | 6.78 | 2.63 | -9.93 | 20.64 | 97.56 | -23.48 | -30.69 | 116.36 | 32.19 | 9.38 | -16.36 | -236.68 | -156.36 | 4.41 | 9.43 | 16.36 |
| 23Q3 (16) | 0.63 | 5.0 | -35.05 | 7.94 | -6.59 | 1.66 | 2.06 | -2.83 | -28.47 | 2.34 | 1.74 | -19.86 | 1.87 | 1.63 | -20.76 | 2.84 | 7.98 | -34.41 | 1.30 | 4.0 | -25.71 | 0.66 | 1.54 | -8.33 | 2.92 | 0.69 | -14.12 | 127.50 | -3.74 | -23.81 | 88.03 | -4.16 | -10.72 | 11.97 | 46.93 | 753.99 | 4.03 | -4.28 | 19.94 |
| 23Q2 (15) | 0.60 | -1.64 | -36.84 | 8.50 | 7.19 | -9.38 | 2.12 | -7.83 | -39.6 | 2.30 | 5.02 | -34.84 | 1.84 | 2.79 | -36.11 | 2.63 | 8.23 | -38.12 | 1.25 | 9.65 | -35.57 | 0.65 | 8.33 | -1.52 | 2.90 | 3.57 | -27.68 | 132.46 | 19.02 | -6.58 | 91.85 | -12.36 | -7.71 | 8.15 | 269.75 | 1619.26 | 4.21 | -0.94 | 2.18 |
| 23Q1 (14) | 0.61 | 45.24 | -17.57 | 7.93 | 5.03 | -9.47 | 2.30 | 41.98 | -25.32 | 2.19 | 44.08 | -28.66 | 1.79 | 50.42 | -25.73 | 2.43 | 35.75 | -25.23 | 1.14 | 40.74 | -29.19 | 0.60 | 1.69 | -9.09 | 2.80 | 28.44 | -21.79 | 111.29 | -20.93 | 6.93 | 104.80 | -1.49 | 4.8 | -4.80 | 24.8 | -720.8 | 4.25 | 12.14 | 4.42 |
| 22Q4 (13) | 0.42 | -56.7 | -37.31 | 7.55 | -3.33 | -11.9 | 1.62 | -43.75 | -26.03 | 1.52 | -47.95 | -29.95 | 1.19 | -49.58 | -31.61 | 1.79 | -58.66 | -35.38 | 0.81 | -53.71 | -35.2 | 0.59 | -18.06 | -15.71 | 2.18 | -35.88 | -18.35 | 140.75 | -15.89 | 31.9 | 106.38 | 7.9 | 5.56 | -6.38 | -555.32 | -723.4 | 3.79 | 12.8 | -12.27 |
| 22Q3 (12) | 0.97 | 2.11 | 6.59 | 7.81 | -16.74 | -2.86 | 2.88 | -17.95 | -3.03 | 2.92 | -17.28 | -2.01 | 2.36 | -18.06 | 2.16 | 4.33 | 1.88 | -2.91 | 1.75 | -9.79 | -11.62 | 0.72 | 9.09 | -15.29 | 3.40 | -15.21 | 0.59 | 167.35 | 18.03 | 11.52 | 98.60 | -0.93 | -0.91 | 1.40 | 195.79 | 180.37 | 3.36 | -18.45 | -4.27 |
| 22Q2 (11) | 0.95 | 28.38 | -5.0 | 9.38 | 7.08 | -2.8 | 3.51 | 13.96 | -7.14 | 3.53 | 14.98 | -6.61 | 2.88 | 19.5 | -3.68 | 4.25 | 30.77 | -13.27 | 1.94 | 20.5 | -16.38 | 0.66 | 0.0 | -14.29 | 4.01 | 12.01 | -5.65 | 141.79 | 36.23 | 31.97 | 99.53 | -0.47 | -0.47 | 0.47 | 181.04 | 0 | 4.12 | 1.23 | -2.6 |
| 22Q1 (10) | 0.74 | 10.45 | -13.95 | 8.76 | 2.22 | -5.19 | 3.08 | 40.64 | -11.24 | 3.07 | 41.47 | -9.71 | 2.41 | 38.51 | -8.71 | 3.25 | 17.33 | -26.64 | 1.61 | 28.8 | -21.46 | 0.66 | -5.71 | -13.16 | 3.58 | 34.08 | -7.97 | 104.08 | -2.46 | -11.67 | 100.00 | -0.77 | -2.07 | -0.58 | 24.56 | 72.37 | 4.07 | -5.79 | 0.74 |
| 21Q4 (9) | 0.67 | -26.37 | 31.37 | 8.57 | 6.59 | 5.15 | 2.19 | -26.26 | 0.92 | 2.17 | -27.18 | -0.46 | 1.74 | -24.68 | 1.16 | 2.77 | -37.89 | -3.82 | 1.25 | -36.87 | -2.34 | 0.70 | -17.65 | -2.78 | 2.67 | -21.01 | -1.48 | 106.71 | -28.89 | -12.0 | 100.78 | 1.28 | 1.64 | -0.78 | -255.04 | -190.7 | 4.32 | 23.08 | 4.85 |
| 21Q3 (8) | 0.91 | -9.0 | 54.24 | 8.04 | -16.68 | 6.07 | 2.97 | -21.43 | 32.59 | 2.98 | -21.16 | 34.84 | 2.31 | -22.74 | 30.51 | 4.46 | -8.98 | 34.34 | 1.98 | -14.66 | 46.67 | 0.85 | 10.39 | 14.86 | 3.38 | -20.47 | 23.81 | 150.06 | 39.67 | 5.33 | 99.50 | -0.5 | -1.27 | 0.50 | 0 | 132.25 | 3.51 | -17.02 | -7.63 |
| 21Q2 (7) | 1.00 | 16.28 | 85.19 | 9.65 | 4.44 | 25.32 | 3.78 | 8.93 | 101.06 | 3.78 | 11.18 | 102.14 | 2.99 | 13.26 | 96.71 | 4.90 | 10.61 | 84.91 | 2.32 | 13.17 | 101.74 | 0.77 | 1.32 | 5.48 | 4.25 | 9.25 | 76.35 | 107.44 | -8.82 | -35.86 | 100.00 | -2.07 | -0.97 | 0.00 | 100.0 | 100.0 | 4.23 | 4.7 | 1.44 |
| 21Q1 (6) | 0.86 | 68.63 | 40.98 | 9.24 | 13.37 | 5.96 | 3.47 | 59.91 | 48.93 | 3.40 | 55.96 | 44.07 | 2.64 | 53.49 | 38.22 | 4.43 | 53.82 | 49.16 | 2.05 | 60.16 | 46.43 | 0.76 | 5.56 | 7.04 | 3.89 | 43.54 | 31.42 | 117.83 | -2.83 | 6.91 | 102.12 | 3.0 | 3.0 | -2.12 | -347.62 | -345.5 | 4.04 | -1.94 | -13.86 |
| 20Q4 (5) | 0.51 | -13.56 | 34.21 | 8.15 | 7.52 | 9.69 | 2.17 | -3.13 | 28.4 | 2.18 | -1.36 | 31.33 | 1.72 | -2.82 | 30.3 | 2.88 | -13.25 | 25.22 | 1.28 | -5.19 | 21.9 | 0.72 | -2.7 | -5.26 | 2.71 | -0.73 | 20.44 | 121.26 | -14.88 | -3.57 | 99.15 | -1.62 | -3.03 | 0.85 | 155.13 | 176.07 | 4.12 | 8.42 | 0 |
| 20Q3 (4) | 0.59 | 9.26 | 0.0 | 7.58 | -1.56 | 0.0 | 2.24 | 19.15 | 0.0 | 2.21 | 18.18 | 0.0 | 1.77 | 16.45 | 0.0 | 3.32 | 25.28 | 0.0 | 1.35 | 17.39 | 0.0 | 0.74 | 1.37 | 0.0 | 2.73 | 13.28 | 0.0 | 142.46 | -14.95 | 0.0 | 100.78 | -0.2 | 0.0 | -1.55 | -58.14 | 0.0 | 3.80 | -8.87 | 0.0 |
| 20Q2 (3) | 0.54 | -11.48 | 0.0 | 7.70 | -11.7 | 0.0 | 1.88 | -19.31 | 0.0 | 1.87 | -20.76 | 0.0 | 1.52 | -20.42 | 0.0 | 2.65 | -10.77 | 0.0 | 1.15 | -17.86 | 0.0 | 0.73 | 2.82 | 0.0 | 2.41 | -18.58 | 0.0 | 167.50 | 51.98 | 0.0 | 100.98 | 1.86 | 0.0 | -0.98 | -213.73 | 0.0 | 4.17 | -11.09 | 0.0 |
| 20Q1 (2) | 0.61 | 60.53 | 0.0 | 8.72 | 17.36 | 0.0 | 2.33 | 37.87 | 0.0 | 2.36 | 42.17 | 0.0 | 1.91 | 44.7 | 0.0 | 2.97 | 29.13 | 0.0 | 1.40 | 33.33 | 0.0 | 0.71 | -6.58 | 0.0 | 2.96 | 31.56 | 0.0 | 110.21 | -12.36 | 0.0 | 99.14 | -3.04 | 0.0 | 0.86 | 176.72 | 0.0 | 4.69 | 0 | 0.0 |
| 19Q4 (1) | 0.38 | 0.0 | 0.0 | 7.43 | 0.0 | 0.0 | 1.69 | 0.0 | 0.0 | 1.66 | 0.0 | 0.0 | 1.32 | 0.0 | 0.0 | 2.30 | 0.0 | 0.0 | 1.05 | 0.0 | 0.0 | 0.76 | 0.0 | 0.0 | 2.25 | 0.0 | 0.0 | 125.75 | 0.0 | 0.0 | 102.25 | 0.0 | 0.0 | -1.12 | 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) | 2.38 | -22.73 | 8.31 | -0.24 | 2.20 | -20.29 | 0.39 | 14.82 | 2.21 | -19.93 | 1.77 | -19.91 | 9.88 | -26.65 | 4.77 | -23.68 | 2.55 | -6.59 | 2.81 | -14.33 | 97.56 | -30.69 | 99.22 | -1.07 | 0.78 | 0 | 0.64 | 59.42 | 4.22 | 10.76 |
| 2022 (9) | 3.08 | -10.47 | 8.33 | -5.66 | 2.76 | -10.39 | 0.34 | 2.57 | 2.76 | -9.8 | 2.21 | -7.92 | 13.47 | -14.48 | 6.25 | -16.56 | 2.73 | -11.07 | 3.28 | -7.08 | 140.75 | 31.9 | 100.29 | -0.39 | -0.29 | 0 | 0.40 | -31.58 | 3.81 | -4.99 |
| 2021 (8) | 3.44 | 52.89 | 8.83 | 10.24 | 3.08 | 43.26 | 0.33 | -10.93 | 3.06 | 42.33 | 2.40 | 39.53 | 15.75 | 34.73 | 7.49 | 38.7 | 3.07 | 1.32 | 3.53 | 30.74 | 106.71 | -12.0 | 100.68 | 0.47 | -0.68 | 0 | 0.58 | -25.25 | 4.01 | -3.84 |
| 2020 (7) | 2.25 | 24.31 | 8.01 | -6.86 | 2.15 | 11.4 | 0.37 | -14.13 | 2.15 | 9.69 | 1.72 | 8.86 | 11.69 | 20.52 | 5.40 | 13.68 | 3.03 | 4.12 | 2.70 | 5.06 | 121.26 | -3.57 | 100.22 | 1.58 | -0.22 | 0 | 0.78 | -9.75 | 4.17 | -11.46 |
| 2019 (6) | 1.81 | 14.56 | 8.60 | -4.44 | 1.93 | 9.66 | 0.43 | 61.11 | 1.96 | 10.73 | 1.58 | 3.95 | 9.70 | 14.12 | 4.75 | 6.26 | 2.91 | 0.69 | 2.57 | 16.29 | 125.75 | 32.59 | 98.66 | -0.69 | 1.34 | 104.3 | 0.87 | -5.61 | 4.71 | -7.65 |
| 2018 (5) | 1.58 | -0.63 | 9.00 | -3.74 | 1.76 | -12.87 | 0.27 | 5.09 | 1.77 | -12.38 | 1.52 | -7.32 | 8.50 | -6.49 | 4.47 | -4.28 | 2.89 | 3.21 | 2.21 | -10.16 | 94.84 | 3.38 | 99.34 | -0.37 | 0.66 | 124.34 | 0.92 | 0 | 5.10 | 0.0 |
| 2017 (4) | 1.59 | 10.42 | 9.35 | -0.74 | 2.02 | 10.38 | 0.26 | -3.95 | 2.02 | 9.78 | 1.64 | 6.49 | 9.09 | 9.78 | 4.67 | 11.19 | 2.80 | 6.06 | 2.46 | 6.03 | 91.74 | -12.43 | 99.71 | 0.38 | 0.29 | -56.3 | 0.00 | 0 | 5.10 | 0.2 |
| 2016 (3) | 1.44 | 4.35 | 9.42 | 1.51 | 1.83 | -7.11 | 0.27 | -7.13 | 1.84 | -3.16 | 1.54 | 1.99 | 8.28 | 3.37 | 4.20 | -1.41 | 2.64 | -3.3 | 2.32 | -2.11 | 104.76 | 2.23 | 99.33 | -4.21 | 0.67 | 0 | 0.00 | 0 | 5.09 | 0.2 |
| 2015 (2) | 1.38 | -11.54 | 9.28 | 1.64 | 1.97 | -1.99 | 0.29 | -9.89 | 1.90 | -8.21 | 1.51 | -12.21 | 8.01 | -12.46 | 4.26 | -13.41 | 2.73 | -1.09 | 2.37 | -7.06 | 102.47 | 20.84 | 103.69 | 7.04 | -3.69 | 0 | 0.00 | 0 | 5.08 | 0.4 |
| 2014 (1) | 1.56 | 60.82 | 9.13 | 0 | 2.01 | 0 | 0.32 | -6.1 | 2.07 | 0 | 1.72 | 0 | 9.15 | 0 | 4.92 | 0 | 2.76 | 6.98 | 2.55 | 37.1 | 84.80 | -15.91 | 96.88 | 0.87 | 3.12 | -21.09 | 0.00 | 0 | 5.06 | -1.36 |
