- 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) | 0.80 | -32.77 | -20.0 | 30.18 | 2.76 | 0.57 | 15.21 | 0.0 | 3.33 | 14.84 | -36.82 | -27.18 | 10.81 | -32.86 | -32.14 | 1.94 | -34.24 | -23.62 | 1.54 | -31.25 | -23.38 | 0.14 | 0.0 | 16.67 | 17.71 | -32.87 | -25.27 | 26.59 | -17.83 | 11.16 | 102.89 | 59.01 | 42.19 | -2.31 | -106.55 | -108.37 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 1.19 | 26.6 | 13.33 | 29.37 | 7.7 | -5.53 | 15.21 | 21.0 | -14.55 | 23.49 | 22.03 | 3.89 | 16.10 | 11.88 | 9.45 | 2.95 | 25.53 | 7.27 | 2.24 | 23.76 | 8.21 | 0.14 | 16.67 | 0.0 | 26.38 | 17.77 | 3.41 | 32.36 | -9.71 | -2.44 | 64.71 | -0.68 | -18.15 | 35.29 | 1.28 | 65.36 | 16.53 | -9.72 | 7.97 |
| 24Q1 (18) | 0.94 | 59.32 | 10.59 | 27.27 | -9.22 | -13.97 | 12.57 | -17.08 | -30.78 | 19.25 | 58.44 | 4.9 | 14.39 | 55.57 | 13.04 | 2.35 | 57.72 | 4.91 | 1.81 | 49.59 | 6.47 | 0.12 | -7.69 | -7.69 | 22.40 | 46.21 | 4.87 | 35.84 | 23.2 | -2.4 | 65.15 | -47.62 | -34.17 | 34.85 | 242.88 | 3280.3 | 18.31 | 3.21 | 19.83 |
| 23Q4 (17) | 0.59 | -41.0 | -15.71 | 30.04 | 0.1 | -4.3 | 15.16 | 2.99 | -17.02 | 12.15 | -40.38 | -11.96 | 9.25 | -41.93 | -6.85 | 1.49 | -41.34 | -18.58 | 1.21 | -39.8 | -14.18 | 0.13 | 8.33 | -7.14 | 15.32 | -35.36 | -8.48 | 29.09 | 21.61 | -7.94 | 124.39 | 71.9 | -6.4 | -24.39 | -188.25 | 24.34 | 17.74 | 0.51 | 24.84 |
| 23Q3 (16) | 1.00 | -4.76 | -41.86 | 30.01 | -3.47 | -2.63 | 14.72 | -17.3 | -19.17 | 20.38 | -9.86 | -27.42 | 15.93 | 8.29 | -24.93 | 2.54 | -7.64 | -45.26 | 2.01 | -2.9 | -40.71 | 0.12 | -14.29 | -25.0 | 23.70 | -7.1 | -23.25 | 23.92 | -27.89 | -30.59 | 72.36 | -8.46 | 11.69 | 27.64 | 29.49 | -21.51 | 17.65 | 15.28 | 13.29 |
| 23Q2 (15) | 1.05 | 23.53 | -40.0 | 31.09 | -1.92 | -11.25 | 17.80 | -1.98 | -20.82 | 22.61 | 23.22 | -27.46 | 14.71 | 15.55 | -30.81 | 2.75 | 22.77 | -43.65 | 2.07 | 21.76 | -38.21 | 0.14 | 7.69 | -12.5 | 25.51 | 19.43 | -24.24 | 33.17 | -9.67 | -20.66 | 79.05 | -20.13 | 9.58 | 21.34 | 1970.36 | -23.39 | 15.31 | 0.2 | -4.55 |
| 23Q1 (14) | 0.85 | 21.43 | -46.54 | 31.70 | 0.99 | -9.79 | 18.16 | -0.6 | -17.53 | 18.35 | 32.97 | -36.46 | 12.73 | 28.2 | -39.5 | 2.24 | 22.4 | -50.44 | 1.70 | 20.57 | -43.33 | 0.13 | -7.14 | -7.14 | 21.36 | 27.6 | -32.15 | 36.72 | 16.2 | -31.26 | 98.97 | -25.53 | 29.57 | 1.03 | 103.2 | -95.69 | 15.28 | 7.53 | -12.59 |
| 22Q4 (13) | 0.70 | -59.3 | -51.39 | 31.39 | 1.85 | -11.38 | 18.27 | 0.33 | -20.15 | 13.80 | -50.85 | -39.07 | 9.93 | -53.2 | -41.76 | 1.83 | -60.56 | -56.84 | 1.41 | -58.41 | -50.0 | 0.14 | -12.5 | -12.5 | 16.74 | -45.79 | -32.88 | 31.60 | -8.3 | -38.16 | 132.89 | 105.12 | 31.58 | -32.24 | -191.55 | -3134.43 | 14.21 | -8.79 | -6.94 |
| 22Q3 (12) | 1.72 | -1.71 | 35.43 | 30.82 | -12.02 | -14.2 | 18.21 | -18.99 | -24.72 | 28.08 | -9.91 | 14.38 | 21.22 | -0.19 | 28.84 | 4.64 | -4.92 | 18.67 | 3.39 | 1.19 | 28.41 | 0.16 | 0.0 | 0.0 | 30.88 | -8.29 | 13.91 | 34.46 | -17.58 | -33.28 | 64.79 | -10.19 | -34.33 | 35.21 | 26.38 | 2514.44 | 15.58 | -2.87 | -1.39 |
| 22Q2 (11) | 1.75 | 10.06 | 63.55 | 35.03 | -0.31 | -2.23 | 22.48 | 2.09 | -8.17 | 31.17 | 7.93 | 59.44 | 21.26 | 1.05 | 51.1 | 4.88 | 7.96 | 44.38 | 3.35 | 11.67 | 44.4 | 0.16 | 14.29 | 0.0 | 33.67 | 6.96 | 52.15 | 41.81 | -21.73 | -13.04 | 72.14 | -5.56 | -42.44 | 27.86 | 16.54 | 210.03 | 16.04 | -8.24 | 8.16 |
| 22Q1 (10) | 1.59 | 10.42 | 32.5 | 35.14 | -0.79 | 1.36 | 22.02 | -3.76 | 0.55 | 28.88 | 27.51 | 17.4 | 21.04 | 23.4 | 17.48 | 4.52 | 6.6 | 15.9 | 3.00 | 6.38 | 10.29 | 0.14 | -12.5 | -6.67 | 31.48 | 26.22 | 14.47 | 53.42 | 4.54 | 11.2 | 76.38 | -24.37 | -14.44 | 23.91 | 2498.64 | 115.16 | 17.48 | 14.47 | 9.18 |
| 21Q4 (9) | 1.44 | 13.39 | 182.35 | 35.42 | -1.39 | 7.5 | 22.88 | -5.42 | 11.72 | 22.65 | -7.74 | 88.75 | 17.05 | 3.52 | 106.42 | 4.24 | 8.44 | 147.95 | 2.82 | 6.82 | 125.6 | 0.16 | 0.0 | 6.67 | 24.94 | -8.0 | 63.11 | 51.10 | -1.06 | 21.84 | 101.00 | 2.38 | -40.8 | -1.00 | -174.0 | 98.59 | 15.27 | -3.35 | 6.04 |
| 21Q3 (8) | 1.27 | 18.69 | 170.21 | 35.92 | 0.25 | 15.13 | 24.19 | -1.18 | 42.71 | 24.55 | 25.58 | 84.31 | 16.47 | 17.06 | 84.64 | 3.91 | 15.68 | 147.47 | 2.64 | 13.79 | 125.64 | 0.16 | 0.0 | 23.08 | 27.11 | 22.5 | 54.21 | 51.65 | 7.43 | 33.36 | 98.65 | -21.28 | -22.88 | 1.35 | 105.32 | 104.98 | 15.80 | 6.54 | -1.31 |
| 21Q2 (7) | 1.07 | -10.83 | 132.61 | 35.83 | 3.35 | 13.39 | 24.48 | 11.78 | 33.26 | 19.55 | -20.53 | 41.26 | 14.07 | -21.44 | 64.18 | 3.38 | -13.33 | 118.06 | 2.32 | -14.71 | 100.0 | 0.16 | 6.67 | 23.08 | 22.13 | -19.53 | 21.86 | 48.08 | 0.08 | 22.72 | 125.32 | 40.38 | -6.01 | -25.32 | -327.9 | 22.04 | 14.83 | -7.37 | 0 |
| 21Q1 (6) | 1.20 | 135.29 | 37.93 | 34.67 | 5.22 | 12.2 | 21.90 | 6.93 | 62.95 | 24.60 | 105.0 | 37.58 | 17.91 | 116.83 | -8.25 | 3.90 | 128.07 | 31.31 | 2.72 | 117.6 | 24.77 | 0.15 | 0.0 | 36.36 | 27.50 | 79.86 | 18.38 | 48.04 | 14.54 | 33.07 | 89.27 | -47.67 | 18.4 | 11.11 | 115.74 | -54.84 | 16.01 | 11.18 | -22.24 |
| 20Q4 (5) | 0.51 | 8.51 | 0.0 | 32.95 | 5.61 | 1.23 | 20.48 | 20.83 | 11.49 | 12.00 | -9.91 | -5.14 | 8.26 | -7.4 | -4.4 | 1.71 | 8.23 | -3.39 | 1.25 | 6.84 | -3.85 | 0.15 | 15.38 | 0.0 | 15.29 | -13.03 | -7.89 | 41.94 | 8.29 | 0.31 | 170.59 | 33.35 | 17.03 | -70.59 | -161.18 | -57.16 | 14.40 | -10.06 | -11.17 |
| 20Q3 (4) | 0.47 | 2.17 | 0.0 | 31.20 | -1.27 | 0.0 | 16.95 | -7.73 | 0.0 | 13.32 | -3.76 | 0.0 | 8.92 | 4.08 | 0.0 | 1.58 | 1.94 | 0.0 | 1.17 | 0.86 | 0.0 | 0.13 | 0.0 | 0.0 | 17.58 | -3.19 | 0.0 | 38.73 | -1.15 | 0.0 | 127.93 | -4.05 | 0.0 | -27.03 | 16.79 | 0.0 | 16.01 | 0 | 0.0 |
| 20Q2 (3) | 0.46 | -47.13 | 0.0 | 31.60 | 2.27 | 0.0 | 18.37 | 36.68 | 0.0 | 13.84 | -22.6 | 0.0 | 8.57 | -56.1 | 0.0 | 1.55 | -47.81 | 0.0 | 1.16 | -46.79 | 0.0 | 0.13 | 18.18 | 0.0 | 18.16 | -21.83 | 0.0 | 39.18 | 8.53 | 0.0 | 133.33 | 76.84 | 0.0 | -32.48 | -232.01 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.87 | 70.59 | 0.0 | 30.90 | -5.07 | 0.0 | 13.44 | -26.84 | 0.0 | 17.88 | 41.34 | 0.0 | 19.52 | 125.93 | 0.0 | 2.97 | 67.8 | 0.0 | 2.18 | 67.69 | 0.0 | 0.11 | -26.67 | 0.0 | 23.23 | 39.94 | 0.0 | 36.10 | -13.66 | 0.0 | 75.40 | -48.27 | 0.0 | 24.60 | 154.78 | 0.0 | 20.59 | 27.02 | 0.0 |
| 19Q4 (1) | 0.51 | 0.0 | 0.0 | 32.55 | 0.0 | 0.0 | 18.37 | 0.0 | 0.0 | 12.65 | 0.0 | 0.0 | 8.64 | 0.0 | 0.0 | 1.77 | 0.0 | 0.0 | 1.30 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 16.60 | 0.0 | 0.0 | 41.81 | 0.0 | 0.0 | 145.76 | 0.0 | 0.0 | -44.92 | 0.0 | 0.0 | 16.21 | 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) | 3.49 | -39.3 | 30.74 | -7.21 | 16.53 | -18.53 | 2.69 | 17.26 | 18.47 | -28.52 | 13.17 | -29.23 | 8.86 | -43.02 | 6.92 | -38.05 | 0.52 | -11.86 | 21.58 | -24.39 | 29.09 | -7.94 | 89.48 | 13.97 | 10.52 | -51.04 | 0.10 | -28.41 | 16.44 | 3.66 |
| 2022 (9) | 5.75 | 15.46 | 33.13 | -6.62 | 20.29 | -13.25 | 2.29 | 1.63 | 25.84 | 13.38 | 18.61 | 13.82 | 15.55 | 2.98 | 11.17 | 7.4 | 0.59 | -6.35 | 28.54 | 12.45 | 31.60 | -38.16 | 78.51 | -23.52 | 21.49 | 0 | 0.14 | 26.96 | 15.86 | 2.59 |
| 2021 (8) | 4.98 | 114.66 | 35.48 | 11.75 | 23.39 | 32.82 | 2.25 | -39.96 | 22.79 | 62.67 | 16.35 | 50.69 | 15.10 | 94.34 | 10.40 | 85.38 | 0.63 | 26.0 | 25.38 | 39.14 | 51.10 | 21.84 | 102.66 | -18.36 | -2.66 | 0 | 0.11 | -6.58 | 15.46 | -6.64 |
| 2020 (7) | 2.32 | -14.39 | 31.75 | 0.25 | 17.61 | 6.73 | 3.75 | 3.52 | 14.01 | -15.3 | 10.85 | -11.43 | 7.77 | -17.25 | 5.61 | -17.98 | 0.50 | -9.09 | 18.24 | -11.54 | 41.94 | 0.31 | 125.74 | 25.96 | -25.74 | 0 | 0.12 | -42.28 | 16.56 | -6.49 |
| 2019 (6) | 2.71 | -12.01 | 31.67 | -4.75 | 16.50 | -11.05 | 3.63 | 11.48 | 16.54 | -21.5 | 12.25 | -10.78 | 9.39 | -12.16 | 6.84 | -13.75 | 0.55 | -3.51 | 20.62 | -16.52 | 41.81 | 7.54 | 99.83 | 13.37 | 0.17 | -98.55 | 0.20 | 81.25 | 17.71 | 0.11 |
| 2018 (5) | 3.08 | -3.75 | 33.25 | -8.02 | 18.55 | -11.83 | 3.25 | -0.3 | 21.07 | -1.86 | 13.73 | -9.91 | 10.69 | -6.88 | 7.93 | -7.68 | 0.57 | 3.64 | 24.70 | -1.75 | 38.88 | 9.49 | 88.05 | -10.18 | 11.95 | 506.7 | 0.11 | 12.98 | 17.69 | -3.23 |
| 2017 (4) | 3.20 | 28.51 | 36.15 | 1.26 | 21.04 | 10.97 | 3.26 | -26.72 | 21.47 | 14.14 | 15.24 | 16.07 | 11.48 | 22.13 | 8.59 | 20.14 | 0.55 | 3.77 | 25.14 | 6.21 | 35.51 | -2.9 | 98.03 | -2.83 | 1.97 | 0 | 0.10 | 0 | 18.28 | -5.63 |
| 2016 (3) | 2.49 | 1.63 | 35.70 | 12.83 | 18.96 | 20.84 | 4.45 | -6.56 | 18.81 | 8.1 | 13.13 | 2.34 | 9.40 | -2.08 | 7.15 | -5.67 | 0.53 | -8.62 | 23.67 | 4.37 | 36.57 | 16.35 | 100.89 | 11.98 | -0.89 | 0 | 0.00 | 0 | 19.37 | -0.21 |
| 2015 (2) | 2.45 | -5.41 | 31.64 | 7.51 | 15.69 | 3.63 | 4.77 | 5.56 | 17.40 | -1.08 | 12.83 | 0.16 | 9.60 | -14.06 | 7.58 | -9.98 | 0.58 | -9.38 | 22.68 | 0.35 | 31.43 | 11.89 | 90.10 | 4.69 | 9.90 | -28.96 | 0.00 | 0 | 19.41 | 7.77 |
| 2014 (1) | 2.59 | 15.62 | 29.43 | 0 | 15.14 | 0 | 4.51 | -6.94 | 17.59 | 0 | 12.81 | 0 | 11.17 | 0 | 8.42 | 0 | 0.64 | 4.92 | 22.60 | 7.88 | 28.09 | -38.71 | 86.06 | -3.18 | 13.94 | 25.46 | 0.00 | 0 | 18.01 | 1.81 |
