- 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) | 0.57 | 3.64 | -6.56 | 18.36 | 2.57 | -1.92 | 12.28 | 0.16 | -9.04 | 11.43 | -3.63 | -10.21 | 9.32 | -2.51 | -8.63 | 2.42 | 5.68 | -3.2 | 1.37 | 3.79 | -1.44 | 0.13 | 8.33 | 0.0 | 24.02 | -2.32 | -5.17 | 92.11 | -10.39 | 0.0 | 107.57 | 3.88 | 1.38 | -7.30 | -105.45 | -19.49 | 34.45 | -1.82 | -0.35 |
| 24Q2 (19) | 0.55 | -5.17 | -69.44 | 17.90 | -8.72 | 8.88 | 12.26 | -11.29 | 17.66 | 11.86 | -6.32 | -65.4 | 9.56 | -5.35 | -68.34 | 2.29 | 0.0 | -67.66 | 1.32 | -1.49 | -63.93 | 0.12 | 0.0 | 0.0 | 24.59 | -3.19 | -48.55 | 102.79 | 22.24 | 2.51 | 103.55 | -4.95 | 240.97 | -3.55 | 61.44 | -105.11 | 35.09 | -2.8 | -8.64 |
| 24Q1 (18) | 0.58 | -12.12 | 3.57 | 19.61 | 6.11 | 3.1 | 13.82 | 2.22 | 1.39 | 12.66 | -7.39 | 0.8 | 10.10 | -7.25 | -0.79 | 2.29 | -13.26 | -4.58 | 1.34 | -10.67 | 1.52 | 0.12 | -7.69 | 0.0 | 25.40 | -2.98 | -2.87 | 84.09 | -5.39 | -16.05 | 108.95 | 10.24 | 0.42 | -9.21 | -886.58 | -8.45 | 36.10 | -0.19 | -1.82 |
| 23Q4 (17) | 0.66 | 8.2 | -2.94 | 18.48 | -1.28 | -2.07 | 13.52 | 0.15 | -2.17 | 13.67 | 7.38 | -0.07 | 10.89 | 6.76 | -1.89 | 2.64 | 5.6 | -10.2 | 1.50 | 7.91 | -3.23 | 0.13 | 0.0 | 0.0 | 26.18 | 3.36 | 2.03 | 88.88 | -3.51 | -14.05 | 98.83 | -6.86 | -2.3 | 1.17 | 119.17 | 201.17 | 36.17 | 4.63 | -3.26 |
| 23Q3 (16) | 0.61 | -66.11 | -6.15 | 18.72 | 13.87 | -2.3 | 13.50 | 29.56 | -3.36 | 12.73 | -62.86 | -4.36 | 10.20 | -66.23 | -3.95 | 2.50 | -64.69 | -14.68 | 1.39 | -62.02 | -8.55 | 0.13 | 8.33 | 0.0 | 25.33 | -47.0 | 1.36 | 92.11 | -8.14 | -14.12 | 106.11 | 249.38 | 1.1 | -6.11 | -108.78 | -23.3 | 34.57 | -10.0 | -4.45 |
| 23Q2 (15) | 1.80 | 221.43 | 157.14 | 16.44 | -13.56 | -5.79 | 10.42 | -23.55 | -15.28 | 34.28 | 172.93 | 154.87 | 30.20 | 196.66 | 169.4 | 7.08 | 195.0 | 127.65 | 3.66 | 177.27 | 127.33 | 0.12 | 0.0 | -7.69 | 47.79 | 82.75 | 95.46 | 100.27 | 0.1 | -10.2 | 30.37 | -72.01 | -66.79 | 69.53 | 918.67 | 713.69 | 38.41 | 4.46 | 7.77 |
| 23Q1 (14) | 0.56 | -17.65 | -9.68 | 19.02 | 0.79 | 4.39 | 13.63 | -1.37 | 7.92 | 12.56 | -8.19 | 0.4 | 10.18 | -8.29 | 2.0 | 2.40 | -18.37 | -11.11 | 1.32 | -14.84 | -6.38 | 0.12 | -7.69 | -7.69 | 26.15 | 1.91 | 9.05 | 100.17 | -3.13 | -2.07 | 108.49 | 7.25 | 7.41 | -8.49 | -633.81 | -740.82 | 36.77 | -1.66 | 3.43 |
| 22Q4 (13) | 0.68 | 4.62 | -24.44 | 18.87 | -1.51 | 1.73 | 13.82 | -1.07 | 1.77 | 13.68 | 2.78 | -9.88 | 11.10 | 4.52 | -15.59 | 2.94 | 0.34 | -26.32 | 1.55 | 1.97 | -22.89 | 0.13 | 0.0 | -7.14 | 25.66 | 2.68 | 0.43 | 103.41 | -3.58 | -5.55 | 101.16 | -3.62 | 13.15 | -1.16 | 76.63 | -110.92 | 37.39 | 3.34 | 6.19 |
| 22Q3 (12) | 0.65 | -7.14 | -12.16 | 19.16 | 9.8 | -1.74 | 13.97 | 13.58 | -0.29 | 13.31 | -1.04 | -3.41 | 10.62 | -5.26 | -4.41 | 2.93 | -5.79 | -13.82 | 1.52 | -5.59 | -11.11 | 0.13 | 0.0 | -7.14 | 24.99 | 2.21 | 4.04 | 107.25 | -3.95 | -2.77 | 104.95 | 14.76 | 3.15 | -4.95 | -157.96 | -184.17 | 36.18 | 1.52 | 3.7 |
| 22Q2 (11) | 0.70 | 12.9 | 1.45 | 17.45 | -4.23 | -11.69 | 12.30 | -2.61 | -13.32 | 13.45 | 7.51 | -4.81 | 11.21 | 12.32 | 5.26 | 3.11 | 15.19 | -0.64 | 1.61 | 14.18 | -0.62 | 0.13 | 0.0 | -7.14 | 24.45 | 1.96 | 1.07 | 111.66 | 9.16 | -0.72 | 91.45 | -9.46 | -8.95 | 8.55 | 945.96 | 2039.72 | 35.64 | 0.25 | -0.64 |
| 22Q1 (10) | 0.62 | -31.11 | -4.62 | 18.22 | -1.78 | -7.47 | 12.63 | -7.0 | -8.74 | 12.51 | -17.59 | -4.87 | 9.98 | -24.11 | -4.68 | 2.70 | -32.33 | -7.53 | 1.41 | -29.85 | -10.19 | 0.13 | -7.14 | -7.14 | 23.98 | -6.14 | 2.35 | 102.29 | -6.58 | 3.8 | 101.01 | 12.98 | -4.22 | -1.01 | -109.53 | 80.62 | 35.55 | 0.97 | -7.18 |
| 21Q4 (9) | 0.90 | 21.62 | 1.12 | 18.55 | -4.87 | -11.88 | 13.58 | -3.07 | -14.48 | 15.18 | 10.16 | -9.05 | 13.15 | 18.36 | -2.16 | 3.99 | 17.35 | -2.21 | 2.01 | 17.54 | -5.19 | 0.14 | 0.0 | -6.67 | 25.55 | 6.37 | -3.77 | 109.49 | -0.74 | 9.25 | 89.40 | -12.13 | -6.06 | 10.60 | 708.02 | 119.28 | 35.21 | 0.92 | -3.35 |
| 21Q3 (8) | 0.74 | 7.25 | -22.92 | 19.50 | -1.32 | -16.45 | 14.01 | -1.27 | -23.36 | 13.78 | -2.48 | -21.88 | 11.11 | 4.32 | -22.85 | 3.40 | 8.63 | -25.93 | 1.71 | 5.56 | -25.33 | 0.14 | 0.0 | -6.67 | 24.02 | -0.7 | -11.89 | 110.31 | -1.92 | 6.62 | 101.74 | 1.3 | -1.85 | -1.74 | -295.64 | 52.44 | 34.89 | -2.73 | -1.38 |
| 21Q2 (7) | 0.69 | 6.15 | -4.17 | 19.76 | 0.36 | -6.7 | 14.19 | 2.53 | -6.64 | 14.13 | 7.45 | -11.02 | 10.65 | 1.72 | -12.49 | 3.13 | 7.19 | -10.32 | 1.62 | 3.18 | -6.9 | 0.14 | 0.0 | 0.0 | 24.19 | 3.24 | -8.79 | 112.47 | 14.12 | -3.3 | 100.44 | -4.76 | 4.99 | -0.44 | 91.55 | -110.18 | 35.87 | -6.34 | 0 |
| 21Q1 (6) | 0.65 | -26.97 | 1.56 | 19.69 | -6.46 | -5.38 | 13.84 | -12.85 | -0.86 | 13.15 | -21.21 | -1.42 | 10.47 | -22.1 | -1.6 | 2.92 | -28.43 | -5.81 | 1.57 | -25.94 | 0.0 | 0.14 | -6.67 | 0.0 | 23.43 | -11.75 | -1.93 | 98.55 | -1.67 | -8.85 | 105.46 | 10.81 | 0.62 | -5.21 | -207.83 | -8.33 | 38.30 | 5.13 | 0 |
| 20Q4 (5) | 0.89 | -7.29 | 18.67 | 21.05 | -9.81 | -4.58 | 15.88 | -13.13 | -3.64 | 16.69 | -5.39 | 22.27 | 13.44 | -6.67 | 18.31 | 4.08 | -11.11 | 11.17 | 2.12 | -7.42 | 17.78 | 0.15 | 0.0 | 0.0 | 26.55 | -2.6 | 12.93 | 100.22 | -3.13 | -12.77 | 95.17 | -8.2 | -21.18 | 4.83 | 231.86 | 123.3 | 36.43 | 2.97 | 1.17 |
| 20Q3 (4) | 0.96 | 33.33 | 0.0 | 23.34 | 10.2 | 0.0 | 18.28 | 20.26 | 0.0 | 17.64 | 11.08 | 0.0 | 14.40 | 18.32 | 0.0 | 4.59 | 31.52 | 0.0 | 2.29 | 31.61 | 0.0 | 0.15 | 7.14 | 0.0 | 27.26 | 2.79 | 0.0 | 103.46 | -11.05 | 0.0 | 103.66 | 8.36 | 0.0 | -3.66 | -184.66 | 0.0 | 35.38 | 0 | 0.0 |
| 20Q2 (3) | 0.72 | 12.5 | 0.0 | 21.18 | 1.78 | 0.0 | 15.20 | 8.88 | 0.0 | 15.88 | 19.04 | 0.0 | 12.17 | 14.38 | 0.0 | 3.49 | 12.58 | 0.0 | 1.74 | 10.83 | 0.0 | 0.14 | 0.0 | 0.0 | 26.52 | 11.01 | 0.0 | 116.31 | 7.57 | 0.0 | 95.67 | -8.72 | 0.0 | 4.33 | 190.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.64 | -14.67 | 0.0 | 20.81 | -5.67 | 0.0 | 13.96 | -15.29 | 0.0 | 13.34 | -2.27 | 0.0 | 10.64 | -6.34 | 0.0 | 3.10 | -15.53 | 0.0 | 1.57 | -12.78 | 0.0 | 0.14 | -6.67 | 0.0 | 23.89 | 1.62 | 0.0 | 108.12 | -5.89 | 0.0 | 104.81 | -13.19 | 0.0 | -4.81 | 76.8 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.75 | 0.0 | 0.0 | 22.06 | 0.0 | 0.0 | 16.48 | 0.0 | 0.0 | 13.65 | 0.0 | 0.0 | 11.36 | 0.0 | 0.0 | 3.67 | 0.0 | 0.0 | 1.80 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 23.51 | 0.0 | 0.0 | 114.89 | 0.0 | 0.0 | 120.74 | 0.0 | 0.0 | -20.74 | 0.0 | 0.0 | 36.01 | 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) | 3.63 | 36.47 | 18.18 | -1.3 | 12.79 | -2.96 | 11.53 | 13.04 | 18.16 | 37.16 | 15.23 | 41.94 | 14.53 | 26.02 | 7.90 | 31.23 | 0.49 | -5.77 | 31.21 | 26.0 | 88.88 | -14.05 | 70.43 | -29.27 | 29.57 | 6127.17 | 1.35 | -2.56 | 36.45 | 0.72 |
| 2022 (9) | 2.66 | -11.04 | 18.42 | -4.86 | 13.18 | -5.18 | 10.20 | 12.83 | 13.24 | -6.03 | 10.73 | -5.71 | 11.53 | -13.11 | 6.02 | -12.37 | 0.52 | -8.77 | 24.77 | 1.85 | 103.41 | -5.55 | 99.58 | 0.9 | 0.47 | -63.68 | 1.38 | -7.22 | 36.19 | 0.47 |
| 2021 (8) | 2.99 | -6.85 | 19.36 | -10.49 | 13.90 | -12.52 | 9.04 | 1.68 | 14.09 | -11.61 | 11.38 | -10.53 | 13.27 | -11.94 | 6.87 | -10.43 | 0.57 | 0.0 | 24.32 | -6.78 | 109.49 | 9.25 | 98.69 | -1.01 | 1.31 | 328.76 | 1.49 | -13.67 | 36.02 | -3.72 |
| 2020 (7) | 3.21 | 10.69 | 21.63 | 7.08 | 15.89 | 10.27 | 8.90 | -0.79 | 15.94 | 9.55 | 12.72 | 7.16 | 15.07 | 1.28 | 7.67 | -5.31 | 0.57 | -10.94 | 26.09 | 4.95 | 100.22 | -12.77 | 99.70 | 0.63 | 0.30 | -67.13 | 1.73 | -3.77 | 37.41 | -2.17 |
| 2019 (6) | 2.90 | 11.11 | 20.20 | 8.02 | 14.41 | 4.27 | 8.97 | 83.27 | 14.55 | -2.81 | 11.87 | 0.85 | 14.88 | 5.08 | 8.10 | -4.14 | 0.64 | -9.86 | 24.86 | 20.97 | 114.89 | 58.21 | 99.07 | 7.36 | 0.93 | -87.88 | 1.79 | 172.77 | 38.24 | -4.18 |
| 2018 (5) | 2.61 | 2.76 | 18.70 | 3.03 | 13.82 | 5.74 | 4.89 | -3.19 | 14.97 | -1.12 | 11.77 | -4.0 | 14.16 | -2.95 | 8.45 | -5.8 | 0.71 | -1.39 | 20.55 | -2.61 | 72.62 | 6.11 | 92.28 | 7.03 | 7.65 | -44.18 | 0.66 | -10.9 | 39.91 | -3.72 |
| 2017 (4) | 2.54 | -5.22 | 18.15 | -11.2 | 13.07 | -16.22 | 5.05 | 6.04 | 15.14 | -10.52 | 12.26 | -10.9 | 14.59 | -8.93 | 8.97 | -12.66 | 0.72 | -2.7 | 21.10 | -6.51 | 68.44 | 8.34 | 86.22 | -6.55 | 13.71 | 77.24 | 0.74 | 0 | 41.45 | 0.31 |
| 2016 (3) | 2.68 | -2.19 | 20.44 | -3.36 | 15.60 | 0.19 | 4.77 | 11.69 | 16.92 | -8.74 | 13.76 | -6.71 | 16.02 | -3.03 | 10.27 | -5.69 | 0.74 | 1.37 | 22.57 | -4.57 | 63.17 | 21.41 | 92.26 | 9.88 | 7.74 | -51.74 | 0.00 | 0 | 41.32 | -1.48 |
| 2015 (2) | 2.74 | 33.66 | 21.15 | 8.68 | 15.57 | 13.15 | 4.27 | 8.32 | 18.54 | 30.93 | 14.75 | 27.05 | 16.52 | 29.47 | 10.89 | 30.26 | 0.73 | 2.82 | 23.65 | 25.0 | 52.03 | -2.47 | 83.97 | -13.6 | 16.03 | 469.57 | 0.00 | 0 | 41.94 | 1.28 |
| 2014 (1) | 2.05 | 12.02 | 19.46 | 0 | 13.76 | 0 | 3.94 | -7.65 | 14.16 | 0 | 11.61 | 0 | 12.76 | 0 | 8.36 | 0 | 0.71 | 9.23 | 18.92 | -4.64 | 53.35 | -2.63 | 97.19 | 0.13 | 2.81 | -4.3 | 0.00 | 0 | 41.41 | 2.5 |
