- 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) | 0.66 | -10.81 | 3.13 | 29.21 | 5.41 | 13.97 | 7.03 | -8.46 | -1.82 | 9.92 | -14.63 | -12.44 | 8.70 | -14.71 | -8.61 | 1.93 | -14.98 | -10.23 | 1.16 | -10.77 | -5.69 | 0.11 | 0.0 | 0.0 | 19.52 | -8.23 | -0.81 | 88.83 | -7.99 | -5.7 | 70.69 | 6.88 | 11.61 | 29.31 | -13.45 | -20.06 | 21.13 | 1.05 | 11.15 |
| 24Q2 (19) | 0.74 | 57.45 | -6.33 | 27.71 | 3.86 | 10.31 | 7.68 | 59.01 | -8.24 | 11.62 | 22.96 | -2.19 | 10.20 | 31.11 | -0.39 | 2.27 | 46.45 | -12.02 | 1.30 | 38.3 | -8.45 | 0.11 | 10.0 | -15.38 | 21.27 | 4.88 | 8.08 | 96.54 | -3.67 | -3.04 | 66.14 | 29.0 | -6.24 | 33.86 | -30.51 | 14.95 | 20.91 | -3.6 | 19.08 |
| 24Q1 (18) | 0.47 | 23.68 | 38.24 | 26.68 | 4.87 | 7.84 | 4.83 | -3.4 | -8.52 | 9.45 | 49.53 | 48.35 | 7.78 | 28.38 | 43.81 | 1.55 | 24.0 | 43.52 | 0.94 | 20.51 | 36.23 | 0.10 | -9.09 | 0.0 | 20.28 | 31.26 | 26.75 | 100.22 | 4.41 | -2.6 | 51.27 | -35.57 | -38.2 | 48.73 | 132.67 | 186.08 | 21.69 | 5.75 | 5.09 |
| 23Q4 (17) | 0.38 | -40.62 | -2.56 | 25.44 | -0.74 | -2.57 | 5.00 | -30.17 | -31.79 | 6.32 | -44.22 | 15.75 | 6.06 | -36.34 | 16.09 | 1.25 | -41.86 | 25.0 | 0.78 | -36.59 | 25.81 | 0.11 | 0.0 | 10.0 | 15.45 | -21.49 | 8.73 | 95.99 | 1.9 | 0.38 | 79.58 | 25.64 | -40.88 | 20.94 | -42.87 | 161.64 | 20.51 | 7.89 | 2.04 |
| 23Q3 (16) | 0.64 | -18.99 | -42.34 | 25.63 | 2.03 | -13.67 | 7.16 | -14.46 | -24.71 | 11.33 | -4.63 | -31.21 | 9.52 | -7.03 | -30.81 | 2.15 | -16.67 | -27.85 | 1.23 | -13.38 | -20.65 | 0.11 | -15.38 | 0.0 | 19.68 | 0.0 | -17.73 | 94.20 | -5.39 | -5.59 | 63.34 | -10.21 | 9.85 | 36.66 | 24.46 | -13.41 | 19.01 | 8.26 | -14.06 |
| 23Q2 (15) | 0.79 | 132.35 | -46.98 | 25.12 | 1.54 | -22.64 | 8.37 | 58.52 | -43.1 | 11.88 | 86.5 | -37.14 | 10.24 | 89.28 | -35.48 | 2.58 | 138.89 | -36.92 | 1.42 | 105.8 | -26.8 | 0.13 | 30.0 | 8.33 | 19.68 | 23.0 | -21.62 | 99.57 | -3.24 | -11.07 | 70.55 | -14.97 | -9.38 | 29.45 | 72.92 | 32.95 | 17.56 | -14.92 | -13.16 |
| 23Q1 (14) | 0.34 | -12.82 | -78.75 | 24.74 | -5.25 | -21.88 | 5.28 | -27.97 | -67.71 | 6.37 | 16.67 | -68.62 | 5.41 | 3.64 | -67.55 | 1.08 | 8.0 | -77.45 | 0.69 | 11.29 | -69.74 | 0.10 | 0.0 | -23.08 | 16.00 | 12.6 | -38.25 | 102.90 | 7.6 | -21.13 | 82.97 | -38.37 | 2.89 | 17.03 | 150.13 | -12.63 | 20.64 | 2.69 | 11.57 |
| 22Q4 (13) | 0.39 | -64.86 | -70.45 | 26.11 | -12.06 | -19.09 | 7.33 | -22.92 | -56.03 | 5.46 | -66.85 | -70.15 | 5.22 | -62.06 | -63.5 | 1.00 | -66.44 | -78.07 | 0.62 | -60.0 | -70.05 | 0.10 | -9.09 | -28.57 | 14.21 | -40.59 | -41.26 | 95.63 | -4.16 | -7.42 | 134.62 | 133.45 | 47.82 | -33.97 | -180.25 | -480.39 | 20.10 | -9.13 | -1.37 |
| 22Q3 (12) | 1.11 | -25.5 | -40.96 | 29.69 | -8.56 | -14.49 | 9.51 | -35.35 | -50.55 | 16.47 | -12.86 | -21.65 | 13.76 | -13.3 | -20.19 | 2.98 | -27.14 | -62.89 | 1.55 | -20.1 | -48.5 | 0.11 | -8.33 | -35.29 | 23.92 | -4.74 | -8.91 | 99.78 | -10.89 | -41.51 | 57.66 | -25.93 | -36.99 | 42.34 | 91.1 | 399.07 | 22.12 | 9.4 | 17.97 |
| 22Q2 (11) | 1.49 | -6.88 | -11.83 | 32.47 | 2.53 | 1.44 | 14.71 | -10.03 | -17.22 | 18.90 | -6.9 | -2.33 | 15.87 | -4.8 | 2.92 | 4.09 | -14.61 | -46.33 | 1.94 | -14.91 | -30.47 | 0.12 | -7.69 | -33.33 | 25.11 | -3.09 | 1.87 | 111.97 | -14.18 | -37.5 | 77.85 | -3.46 | -15.22 | 22.15 | 13.64 | 170.91 | 20.22 | 9.3 | 12.9 |
| 22Q1 (10) | 1.60 | 21.21 | 81.82 | 31.67 | -1.86 | 16.43 | 16.35 | -1.92 | 39.62 | 20.30 | 10.99 | 53.9 | 16.67 | 16.57 | 77.53 | 4.79 | 5.04 | 16.26 | 2.28 | 10.14 | 38.18 | 0.13 | -7.14 | -23.53 | 25.91 | 7.11 | 36.23 | 130.47 | 26.31 | -29.67 | 80.64 | -11.46 | -9.01 | 19.50 | 118.29 | 71.32 | 18.50 | -9.22 | -5.95 |
| 21Q4 (9) | 1.32 | -29.79 | 103.08 | 32.27 | -7.06 | 34.68 | 16.67 | -13.31 | 64.56 | 18.29 | -12.99 | 151.93 | 14.30 | -17.05 | 96.43 | 4.56 | -43.21 | 46.15 | 2.07 | -31.23 | 54.48 | 0.14 | -17.65 | -17.65 | 24.19 | -7.88 | 81.88 | 103.29 | -39.45 | -28.79 | 91.07 | -0.49 | -34.78 | 8.93 | 5.28 | 122.54 | 20.38 | 8.69 | 5.16 |
| 21Q3 (8) | 1.88 | 11.24 | 121.18 | 34.72 | 8.47 | 47.43 | 19.23 | 8.22 | 86.16 | 21.02 | 8.63 | 90.57 | 17.24 | 11.8 | 67.22 | 8.03 | 5.38 | 84.6 | 3.01 | 7.89 | 65.38 | 0.17 | -5.56 | 0.0 | 26.26 | 6.53 | 47.61 | 170.60 | -4.77 | 11.31 | 91.52 | -0.33 | -2.08 | 8.48 | 3.73 | 29.79 | 18.75 | 4.69 | 0.37 |
| 21Q2 (7) | 1.69 | 92.05 | 89.89 | 32.01 | 17.68 | 26.47 | 17.77 | 51.75 | 57.82 | 19.35 | 46.7 | 32.44 | 15.42 | 64.22 | 32.93 | 7.62 | 84.95 | 58.09 | 2.79 | 69.09 | 40.2 | 0.18 | 5.88 | 12.5 | 24.65 | 29.6 | 10.94 | 179.15 | -3.42 | 19.26 | 91.82 | 3.61 | 18.96 | 8.18 | -28.14 | -64.56 | 17.91 | -8.95 | 0 |
| 21Q1 (6) | 0.88 | 35.38 | 183.87 | 27.20 | 13.52 | 37.3 | 11.71 | 15.6 | 123.9 | 13.19 | 81.68 | 115.52 | 9.39 | 28.98 | 106.37 | 4.12 | 32.05 | 162.42 | 1.65 | 23.13 | 126.03 | 0.17 | 0.0 | 21.43 | 19.02 | 43.01 | 21.77 | 185.50 | 27.89 | 13.64 | 88.62 | -36.53 | 3.65 | 11.38 | 128.72 | -21.54 | 19.67 | 1.5 | 0 |
| 20Q4 (5) | 0.65 | -23.53 | 41.3 | 23.96 | 1.74 | 12.01 | 10.13 | -1.94 | 23.09 | 7.26 | -34.18 | 10.67 | 7.28 | -29.39 | 8.17 | 3.12 | -28.28 | 25.3 | 1.34 | -26.37 | 20.72 | 0.17 | 0.0 | 13.33 | 13.30 | -25.24 | -19.59 | 145.05 | -5.36 | 2.18 | 139.63 | 49.4 | 11.56 | -39.63 | -706.36 | -53.57 | 19.38 | 3.75 | 7.61 |
| 20Q3 (4) | 0.85 | -4.49 | 0.0 | 23.55 | -6.95 | 0.0 | 10.33 | -8.26 | 0.0 | 11.03 | -24.5 | 0.0 | 10.31 | -11.12 | 0.0 | 4.35 | -9.75 | 0.0 | 1.82 | -8.54 | 0.0 | 0.17 | 6.25 | 0.0 | 17.79 | -19.94 | 0.0 | 153.26 | 2.02 | 0.0 | 93.46 | 21.09 | 0.0 | 6.54 | -71.68 | 0.0 | 18.68 | 0 | 0.0 |
| 20Q2 (3) | 0.89 | 187.1 | 0.0 | 25.31 | 27.76 | 0.0 | 11.26 | 115.3 | 0.0 | 14.61 | 138.73 | 0.0 | 11.60 | 154.95 | 0.0 | 4.82 | 207.01 | 0.0 | 1.99 | 172.6 | 0.0 | 0.16 | 14.29 | 0.0 | 22.22 | 42.25 | 0.0 | 150.22 | -7.97 | 0.0 | 77.19 | -9.72 | 0.0 | 23.08 | 59.11 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.31 | -32.61 | 0.0 | 19.81 | -7.39 | 0.0 | 5.23 | -36.45 | 0.0 | 6.12 | -6.71 | 0.0 | 4.55 | -32.39 | 0.0 | 1.57 | -36.95 | 0.0 | 0.73 | -34.23 | 0.0 | 0.14 | -6.67 | 0.0 | 15.62 | -5.56 | 0.0 | 163.23 | 14.98 | 0.0 | 85.50 | -31.69 | 0.0 | 14.50 | 156.2 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.46 | 0.0 | 0.0 | 21.39 | 0.0 | 0.0 | 8.23 | 0.0 | 0.0 | 6.56 | 0.0 | 0.0 | 6.73 | 0.0 | 0.0 | 2.49 | 0.0 | 0.0 | 1.11 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 16.54 | 0.0 | 0.0 | 141.96 | 0.0 | 0.0 | 125.16 | 0.0 | 0.0 | -25.81 | 0.0 | 0.0 | 18.01 | 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) | 2.15 | -53.26 | 25.25 | -16.42 | 6.56 | -46.8 | 6.74 | 23.39 | 9.17 | -42.0 | 7.97 | -40.03 | 6.86 | -45.34 | 4.06 | -39.31 | 0.44 | -6.38 | 17.83 | -21.42 | 95.99 | 0.38 | 71.59 | -8.22 | 28.41 | 29.15 | 5.75 | 0.95 | 19.33 | -4.16 |
| 2022 (9) | 4.60 | -18.73 | 30.21 | -4.73 | 12.33 | -25.36 | 5.47 | 20.45 | 15.81 | -12.84 | 13.29 | -6.87 | 12.55 | -35.41 | 6.69 | -27.75 | 0.47 | -24.19 | 22.69 | -4.18 | 95.63 | -7.42 | 78.00 | -14.3 | 22.00 | 145.9 | 5.69 | 596.25 | 20.17 | 5.38 |
| 2021 (8) | 5.66 | 109.63 | 31.71 | 35.86 | 16.52 | 74.63 | 4.54 | -25.31 | 18.14 | 84.54 | 14.27 | 66.12 | 19.43 | 46.97 | 9.26 | 59.11 | 0.62 | -1.59 | 23.68 | 37.91 | 103.29 | -28.79 | 91.01 | -5.41 | 8.95 | 136.5 | 0.82 | -42.82 | 19.14 | -1.9 |
| 2020 (7) | 2.70 | 80.0 | 23.34 | 11.04 | 9.46 | 37.7 | 6.08 | -31.34 | 9.83 | 49.62 | 8.59 | 56.18 | 13.22 | 71.47 | 5.82 | 59.02 | 0.63 | 6.78 | 17.17 | 2.08 | 145.05 | 2.18 | 96.22 | -7.92 | 3.78 | 0 | 1.43 | -32.95 | 19.51 | -4.36 |
| 2019 (6) | 1.50 | -37.76 | 21.02 | -5.87 | 6.87 | -16.22 | 8.85 | 12.12 | 6.57 | -21.6 | 5.50 | -25.78 | 7.71 | -36.33 | 3.66 | -31.97 | 0.59 | -7.81 | 16.82 | -6.14 | 141.96 | 4.61 | 104.49 | 6.85 | -4.66 | 0 | 2.13 | 1.2 | 20.40 | 0.79 |
| 2018 (5) | 2.41 | 0 | 22.33 | -0.09 | 8.20 | 3.4 | 7.89 | -0.14 | 8.38 | 407.88 | 7.41 | 0 | 12.11 | 0 | 5.38 | 0 | 0.64 | 6.67 | 17.92 | 54.62 | 135.70 | -21.53 | 97.80 | -79.67 | 2.10 | 0 | 2.11 | 35.53 | 20.24 | -10.95 |
| 2017 (4) | -0.92 | 0 | 22.35 | 10.75 | 7.93 | 30.0 | 7.90 | -9.92 | 1.65 | -77.97 | -1.45 | 0 | -2.24 | 0 | -0.26 | 0 | 0.60 | -4.76 | 11.59 | -36.87 | 172.94 | 20.38 | 481.12 | 490.83 | -381.12 | 0 | 1.56 | 0 | 22.73 | 6.71 |
| 2016 (3) | 1.66 | 38.33 | 20.18 | 0.5 | 6.10 | 16.63 | 8.77 | -8.12 | 7.49 | 58.02 | 5.74 | 132.39 | 9.21 | 113.69 | 4.49 | 68.16 | 0.63 | -3.08 | 18.36 | 9.87 | 143.66 | -12.68 | 81.43 | -26.06 | 18.46 | 0 | 0.00 | 0 | 21.30 | -0.47 |
| 2015 (2) | 1.20 | 328.57 | 20.08 | 10.21 | 5.23 | -3.33 | 9.55 | 8.31 | 4.74 | 213.91 | 2.47 | 0 | 4.31 | 0 | 2.67 | 72.26 | 0.65 | -8.45 | 16.71 | 24.7 | 164.53 | -2.0 | 110.13 | -69.32 | -10.13 | 0 | 0.00 | 0 | 21.40 | 3.43 |
| 2014 (1) | 0.28 | 0 | 18.22 | 0 | 5.41 | 0 | 8.82 | -19.02 | 1.51 | 0 | -0.06 | 0 | -0.12 | 0 | 1.55 | 0 | 0.71 | 22.41 | 13.40 | 59.52 | 167.89 | -15.02 | 359.00 | 1587.32 | -259.00 | 0 | 0.00 | 0 | 20.69 | -2.22 |
