- 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) | 0.43 | 19.44 | -47.56 | 10.80 | -4.76 | -3.57 | 1.10 | 1.85 | -32.93 | 1.72 | 11.69 | -46.25 | 1.42 | 12.7 | -48.92 | 1.78 | 16.34 | -47.95 | 1.07 | 16.3 | -46.77 | 0.74 | 4.23 | 4.23 | 2.98 | 4.93 | -33.03 | 70.16 | 2.27 | -8.12 | 64.18 | -8.54 | 25.28 | 35.82 | 23.74 | -26.55 | 5.29 | -4.68 | 0.57 |
| 24Q2 (19) | 0.36 | -30.77 | -45.45 | 11.34 | 5.0 | -0.35 | 1.08 | -32.5 | -13.6 | 1.54 | -23.76 | -44.0 | 1.26 | -24.1 | -47.5 | 1.53 | -29.17 | -45.36 | 0.92 | -31.85 | -45.56 | 0.71 | -11.25 | 1.43 | 2.84 | -11.53 | -31.4 | 68.60 | -5.89 | 1.08 | 70.18 | -12.15 | 54.7 | 28.95 | 39.63 | -47.02 | 5.55 | 9.68 | -2.63 |
| 24Q1 (18) | 0.52 | 6.12 | -31.58 | 10.80 | 3.55 | 0.93 | 1.60 | 48.15 | 8.11 | 2.02 | 12.22 | -26.01 | 1.66 | 9.93 | -30.83 | 2.16 | 9.09 | -32.71 | 1.35 | 9.76 | -30.41 | 0.80 | 0.0 | 0.0 | 3.21 | 9.18 | -17.9 | 72.89 | 37.42 | 6.56 | 79.88 | 33.13 | 46.66 | 20.73 | -48.17 | -54.91 | 5.06 | 4.33 | -1.56 |
| 23Q4 (17) | 0.49 | -40.24 | -23.44 | 10.43 | -6.87 | 3.88 | 1.08 | -34.15 | 40.26 | 1.80 | -43.75 | -22.08 | 1.51 | -45.68 | -22.56 | 1.98 | -42.11 | -25.56 | 1.23 | -38.81 | -23.6 | 0.80 | 12.68 | -2.44 | 2.94 | -33.93 | -16.24 | 53.04 | -30.54 | -19.04 | 60.00 | 17.12 | 79.09 | 40.00 | -17.98 | -39.85 | 4.85 | -7.79 | -0.21 |
| 23Q3 (16) | 0.82 | 24.24 | 5.13 | 11.20 | -1.58 | 0.63 | 1.64 | 31.2 | 30.16 | 3.20 | 16.36 | 8.84 | 2.78 | 15.83 | 5.7 | 3.42 | 22.14 | 3.01 | 2.01 | 18.93 | 0.5 | 0.71 | 1.43 | -5.33 | 4.45 | 7.49 | 5.95 | 76.36 | 12.51 | 12.16 | 51.23 | 12.94 | 19.54 | 48.77 | -10.74 | -14.65 | 5.26 | -7.72 | -3.66 |
| 23Q2 (15) | 0.66 | -13.16 | 53.49 | 11.38 | 6.36 | -2.82 | 1.25 | -15.54 | 7.76 | 2.75 | 0.73 | 15.55 | 2.40 | 0.0 | 51.9 | 2.80 | -12.77 | 49.73 | 1.69 | -12.89 | 56.48 | 0.70 | -12.5 | 4.48 | 4.14 | 5.88 | 9.23 | 67.87 | -0.77 | 0.07 | 45.36 | -16.71 | -7.04 | 54.64 | 18.83 | 6.71 | 5.70 | 10.89 | -3.39 |
| 23Q1 (14) | 0.76 | 18.75 | 8.57 | 10.70 | 6.57 | -1.83 | 1.48 | 92.21 | 10.45 | 2.73 | 18.18 | 6.64 | 2.40 | 23.08 | 6.67 | 3.21 | 20.68 | 5.94 | 1.94 | 20.5 | 16.17 | 0.80 | -2.44 | 8.11 | 3.91 | 11.4 | 3.71 | 68.40 | 4.41 | -20.45 | 54.46 | 62.57 | 4.39 | 45.98 | -30.85 | -3.86 | 5.14 | 5.76 | -1.72 |
| 22Q4 (13) | 0.64 | -17.95 | -5.88 | 10.04 | -9.79 | -4.56 | 0.77 | -38.89 | -48.32 | 2.31 | -21.43 | 2.21 | 1.95 | -25.86 | 4.84 | 2.66 | -19.88 | -8.59 | 1.61 | -19.5 | 0.63 | 0.82 | 9.33 | -4.65 | 3.51 | -16.43 | 5.72 | 65.51 | -3.77 | -18.69 | 33.50 | -21.83 | -49.27 | 66.50 | 16.37 | 95.85 | 4.86 | -10.99 | 5.19 |
| 22Q3 (12) | 0.78 | 81.4 | 27.87 | 11.13 | -4.95 | -4.95 | 1.26 | 8.62 | -24.55 | 2.94 | 23.53 | 16.21 | 2.63 | 66.46 | 22.9 | 3.32 | 77.54 | 24.34 | 2.00 | 85.19 | 29.87 | 0.75 | 11.94 | 5.63 | 4.20 | 10.82 | 9.66 | 68.08 | 0.38 | -21.12 | 42.86 | -12.17 | -34.84 | 57.14 | 11.6 | 66.96 | 5.46 | -7.46 | -3.87 |
| 22Q2 (11) | 0.43 | -38.57 | 2.38 | 11.71 | 7.43 | -1.18 | 1.16 | -13.43 | -19.44 | 2.38 | -7.03 | 22.68 | 1.58 | -29.78 | -3.07 | 1.87 | -38.28 | 2.75 | 1.08 | -35.33 | -5.26 | 0.67 | -9.46 | -2.9 | 3.79 | 0.53 | 10.5 | 67.82 | -21.12 | 5.13 | 48.80 | -6.48 | -34.43 | 51.20 | 7.06 | 100.16 | 5.90 | 12.81 | -1.01 |
| 22Q1 (10) | 0.70 | 2.94 | 16.67 | 10.90 | 3.61 | 0.46 | 1.34 | -10.07 | -17.79 | 2.56 | 13.27 | 4.92 | 2.25 | 20.97 | 10.29 | 3.03 | 4.12 | 18.36 | 1.67 | 4.37 | 6.37 | 0.74 | -13.95 | -2.63 | 3.77 | 13.55 | -0.26 | 85.98 | 6.71 | 45.61 | 52.17 | -21.0 | -21.95 | 47.83 | 40.86 | 44.26 | 5.23 | 13.2 | -1.32 |
| 21Q4 (9) | 0.68 | 11.48 | 15.25 | 10.52 | -10.16 | -3.31 | 1.49 | -10.78 | -3.87 | 2.26 | -10.67 | -5.44 | 1.86 | -13.08 | -7.0 | 2.91 | 8.99 | 11.92 | 1.60 | 3.9 | 5.96 | 0.86 | 21.13 | 16.22 | 3.32 | -13.32 | -11.7 | 80.57 | -6.65 | 12.42 | 66.05 | 0.41 | 1.87 | 33.95 | -0.79 | -3.44 | 4.62 | -18.66 | -14.76 |
| 21Q3 (8) | 0.61 | 45.24 | 19.61 | 11.71 | -1.18 | -1.43 | 1.67 | 15.97 | 13.61 | 2.53 | 30.41 | 8.12 | 2.14 | 31.29 | 9.18 | 2.67 | 46.7 | 15.09 | 1.54 | 35.09 | 14.07 | 0.71 | 2.9 | 4.41 | 3.83 | 11.66 | -1.79 | 86.31 | 33.79 | 10.95 | 65.78 | -11.61 | 4.97 | 34.22 | 33.79 | -8.35 | 5.68 | -4.7 | -9.27 |
| 21Q2 (7) | 0.42 | -30.0 | 75.0 | 11.85 | 9.22 | 0.08 | 1.44 | -11.66 | 161.82 | 1.94 | -20.49 | 60.33 | 1.63 | -20.1 | 56.73 | 1.82 | -28.91 | 70.09 | 1.14 | -27.39 | 78.12 | 0.69 | -9.21 | 16.95 | 3.43 | -9.26 | 11.0 | 64.51 | 9.25 | -9.04 | 74.42 | 11.33 | 62.37 | 25.58 | -22.84 | -52.77 | 5.96 | 12.45 | -13.37 |
| 21Q1 (6) | 0.60 | 1.69 | 71.43 | 10.85 | -0.28 | -3.38 | 1.63 | 5.16 | 85.23 | 2.44 | 2.09 | 55.41 | 2.04 | 2.0 | 52.24 | 2.56 | -1.54 | 68.42 | 1.57 | 3.97 | 74.44 | 0.76 | 2.7 | 15.15 | 3.78 | 0.53 | 14.55 | 59.05 | -17.61 | -22.17 | 66.85 | 3.1 | 18.97 | 33.15 | -5.72 | -24.33 | 5.30 | -2.21 | -15.87 |
| 20Q4 (5) | 0.59 | 15.69 | 43.9 | 10.88 | -8.42 | -1.63 | 1.55 | 5.44 | 72.22 | 2.39 | 2.14 | 37.36 | 2.00 | 2.04 | 36.99 | 2.60 | 12.07 | 42.86 | 1.51 | 11.85 | 45.19 | 0.74 | 8.82 | 7.25 | 3.76 | -3.59 | 10.59 | 71.67 | -7.87 | -0.13 | 64.84 | 3.47 | 25.68 | 35.16 | -5.83 | -26.15 | 5.42 | -13.42 | -7.98 |
| 20Q3 (4) | 0.51 | 112.5 | 0.0 | 11.88 | 0.34 | 0.0 | 1.47 | 167.27 | 0.0 | 2.34 | 93.39 | 0.0 | 1.96 | 88.46 | 0.0 | 2.32 | 116.82 | 0.0 | 1.35 | 110.94 | 0.0 | 0.68 | 15.25 | 0.0 | 3.90 | 26.21 | 0.0 | 77.79 | 9.69 | 0.0 | 62.66 | 36.71 | 0.0 | 37.34 | -31.06 | 0.0 | 6.26 | -9.01 | 0.0 |
| 20Q2 (3) | 0.24 | -31.43 | 0.0 | 11.84 | 5.43 | 0.0 | 0.55 | -37.5 | 0.0 | 1.21 | -22.93 | 0.0 | 1.04 | -22.39 | 0.0 | 1.07 | -29.61 | 0.0 | 0.64 | -28.89 | 0.0 | 0.59 | -10.61 | 0.0 | 3.09 | -6.36 | 0.0 | 70.92 | -6.52 | 0.0 | 45.83 | -18.43 | 0.0 | 54.17 | 23.64 | 0.0 | 6.88 | 9.21 | 0.0 |
| 20Q1 (2) | 0.35 | -14.63 | 0.0 | 11.23 | 1.54 | 0.0 | 0.88 | -2.22 | 0.0 | 1.57 | -9.77 | 0.0 | 1.34 | -8.22 | 0.0 | 1.52 | -16.48 | 0.0 | 0.90 | -13.46 | 0.0 | 0.66 | -4.35 | 0.0 | 3.30 | -2.94 | 0.0 | 75.87 | 5.73 | 0.0 | 56.19 | 8.92 | 0.0 | 43.81 | -8.0 | 0.0 | 6.30 | 6.96 | 0.0 |
| 19Q4 (1) | 0.41 | 0.0 | 0.0 | 11.06 | 0.0 | 0.0 | 0.90 | 0.0 | 0.0 | 1.74 | 0.0 | 0.0 | 1.46 | 0.0 | 0.0 | 1.82 | 0.0 | 0.0 | 1.04 | 0.0 | 0.0 | 0.69 | 0.0 | 0.0 | 3.40 | 0.0 | 0.0 | 71.76 | 0.0 | 0.0 | 51.59 | 0.0 | 0.0 | 47.62 | 0.0 | 0.0 | 5.89 | 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) | 2.73 | 7.06 | 10.90 | 0.0 | 1.36 | 21.43 | 1.11 | -3.14 | 2.60 | 1.96 | 2.25 | 6.64 | 11.06 | 4.93 | 7.04 | 14.29 | 3.08 | 6.57 | 3.83 | 0.52 | 53.04 | -19.04 | 52.28 | 18.44 | 47.72 | -14.57 | 1.05 | 1.45 | 5.22 | -2.25 |
| 2022 (9) | 2.55 | 10.39 | 10.90 | -2.42 | 1.12 | -28.21 | 1.15 | 0.74 | 2.55 | 10.87 | 2.11 | 9.9 | 10.54 | 6.68 | 6.16 | 8.64 | 2.89 | -1.03 | 3.81 | 6.42 | 65.51 | -18.69 | 44.14 | -34.66 | 55.86 | 72.91 | 1.03 | -19.34 | 5.34 | 0.38 |
| 2021 (8) | 2.31 | 36.69 | 11.17 | -2.27 | 1.56 | 36.84 | 1.14 | -20.61 | 2.30 | 20.42 | 1.92 | 19.25 | 9.88 | 33.69 | 5.67 | 28.86 | 2.92 | 9.36 | 3.58 | 1.42 | 80.57 | 12.42 | 67.55 | 13.02 | 32.31 | -19.7 | 1.28 | -27.64 | 5.32 | -13.78 |
| 2020 (7) | 1.69 | 6.29 | 11.43 | 1.33 | 1.14 | 28.09 | 1.44 | -3.33 | 1.91 | 15.06 | 1.61 | 13.38 | 7.39 | 5.27 | 4.40 | 3.29 | 2.67 | -8.56 | 3.53 | 5.06 | 71.67 | -0.13 | 59.77 | 12.06 | 40.23 | -13.79 | 1.77 | -21.52 | 6.17 | -5.66 |
| 2019 (6) | 1.59 | 0.0 | 11.28 | -0.62 | 0.89 | 134.21 | 1.49 | 399.26 | 1.66 | 27.69 | 1.42 | 10.94 | 7.02 | 3.39 | 4.26 | 7.04 | 2.92 | -6.41 | 3.36 | 94.22 | 71.76 | 7.04 | 53.33 | 82.41 | 46.67 | -34.05 | 2.25 | -8.63 | 6.54 | -8.02 |
| 2018 (5) | 1.59 | -51.82 | 11.35 | -6.58 | 0.38 | -80.31 | 0.30 | 23.71 | 1.30 | -51.85 | 1.28 | -44.35 | 6.79 | -51.05 | 3.98 | -50.06 | 3.12 | -9.3 | 1.73 | -43.46 | 67.04 | -9.02 | 29.24 | -59.11 | 70.76 | 148.31 | 2.47 | 0 | 7.11 | 3.95 |
| 2017 (4) | 3.30 | -17.91 | 12.15 | -9.19 | 1.93 | -19.58 | 0.24 | -22.61 | 2.70 | -21.28 | 2.30 | -20.96 | 13.87 | -18.27 | 7.97 | -17.07 | 3.44 | 4.24 | 3.06 | -21.34 | 73.69 | -3.41 | 71.50 | 1.97 | 28.50 | -4.63 | 0.00 | 0 | 6.84 | -3.93 |
| 2016 (3) | 4.02 | 26.81 | 13.38 | 2.69 | 2.40 | 41.18 | 0.31 | -34.58 | 3.43 | 30.42 | 2.91 | 29.33 | 16.97 | 22.44 | 9.61 | 23.05 | 3.30 | -4.07 | 3.89 | 20.81 | 76.29 | -1.64 | 70.12 | 8.3 | 29.88 | -15.25 | 0.00 | 0 | 7.12 | 0.71 |
| 2015 (2) | 3.17 | 48.83 | 13.03 | 2.6 | 1.70 | 157.58 | 0.48 | -18.79 | 2.63 | 69.68 | 2.25 | 69.17 | 13.86 | 50.16 | 7.81 | 45.98 | 3.44 | -12.69 | 3.22 | 45.7 | 77.56 | -4.16 | 64.74 | 51.15 | 35.26 | -38.33 | 0.00 | 0 | 7.07 | -2.21 |
| 2014 (1) | 2.13 | -61.62 | 12.70 | 0 | 0.66 | 0 | 0.59 | 30.87 | 1.55 | 0 | 1.33 | 0 | 9.23 | 0 | 5.35 | 0 | 3.94 | -2.23 | 2.21 | -51.54 | 80.93 | 12.7 | 42.83 | -47.74 | 57.17 | 217.07 | 0.00 | 0 | 7.23 | 1.97 |
