- 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) | 2.54 | 49.41 | 75.17 | 4.19 | -7.1 | 38.28 | 1.60 | -8.57 | 18.52 | 1.36 | 10.57 | 40.21 | 1.07 | 20.22 | 40.79 | 2.93 | 24.15 | 37.56 | 0.92 | -11.54 | -3.16 | 0.65 | -7.14 | -17.72 | 1.96 | -8.84 | 22.5 | 336.69 | 8.91 | 25.32 | 117.35 | -17.66 | -15.69 | -17.35 | 59.2 | 55.8 | 1.61 | -8.0 | 87.21 |
| 24Q2 (19) | 1.70 | 8.28 | 115.19 | 4.51 | 78.26 | 25.98 | 1.75 | 28.68 | 0.57 | 1.23 | 19.42 | 7.89 | 0.89 | 5.95 | 4.71 | 2.36 | 15.69 | 38.82 | 1.04 | 26.83 | 8.33 | 0.70 | 1.45 | 12.9 | 2.15 | 39.61 | 0.47 | 309.15 | 27.87 | 31.4 | 142.51 | 8.18 | -6.71 | -42.51 | -34.17 | 19.44 | 1.75 | 124.36 | 48.31 |
| 24Q1 (18) | 1.57 | 33.05 | 91.46 | 2.53 | -3.8 | -26.67 | 1.36 | 34.65 | -17.58 | 1.03 | 56.06 | 27.16 | 0.84 | 64.71 | 35.48 | 2.04 | 41.67 | 58.14 | 0.82 | 28.12 | -4.65 | 0.69 | -10.39 | 11.29 | 1.54 | 35.09 | -18.52 | 241.76 | -9.99 | 12.58 | 131.74 | -13.41 | -35.1 | -31.69 | 39.23 | 69.23 | 0.78 | -9.3 | -35.0 |
| 23Q4 (17) | 1.18 | -18.62 | -11.94 | 2.63 | -13.2 | -17.03 | 1.01 | -25.19 | -39.52 | 0.66 | -31.96 | -34.0 | 0.51 | -32.89 | -30.14 | 1.44 | -32.39 | -30.1 | 0.64 | -32.63 | -33.33 | 0.77 | -2.53 | 4.05 | 1.14 | -28.75 | -35.96 | 268.59 | -0.03 | 1.67 | 152.14 | 9.31 | -9.25 | -52.14 | -32.85 | 22.92 | 0.86 | 0.0 | -6.52 |
| 23Q3 (16) | 1.45 | 83.54 | -38.03 | 3.03 | -15.36 | -5.02 | 1.35 | -22.41 | -28.19 | 0.97 | -14.91 | -40.85 | 0.76 | -10.59 | -42.42 | 2.13 | 25.29 | -42.28 | 0.95 | -1.04 | -24.6 | 0.79 | 27.42 | 6.76 | 1.60 | -25.23 | -26.94 | 268.67 | 14.19 | -9.61 | 139.19 | -8.89 | 21.84 | -39.25 | 25.62 | -175.71 | 0.86 | -27.12 | 6.17 |
| 23Q2 (15) | 0.79 | -3.66 | -64.89 | 3.58 | 3.77 | -7.25 | 1.74 | 5.45 | -29.55 | 1.14 | 40.74 | -50.43 | 0.85 | 37.1 | -49.7 | 1.70 | 31.78 | -56.41 | 0.96 | 11.63 | -27.27 | 0.62 | 0.0 | -10.14 | 2.14 | 13.23 | -19.25 | 235.28 | 9.56 | -8.73 | 152.77 | -24.73 | 41.76 | -52.77 | 48.75 | -579.41 | 1.18 | -1.67 | 37.21 |
| 23Q1 (14) | 0.82 | -38.81 | -70.4 | 3.45 | 8.83 | -9.21 | 1.65 | -1.2 | -30.08 | 0.81 | -19.0 | -63.01 | 0.62 | -15.07 | -63.74 | 1.29 | -37.38 | -67.09 | 0.86 | -10.42 | -35.82 | 0.62 | -16.22 | -13.89 | 1.89 | 6.18 | -22.86 | 214.75 | -18.71 | 0.6 | 202.97 | 21.07 | 88.43 | -102.97 | -52.22 | -1240.98 | 1.20 | 30.43 | 29.03 |
| 22Q4 (13) | 1.34 | -42.74 | -49.81 | 3.17 | -0.63 | -13.15 | 1.67 | -11.17 | -26.75 | 1.00 | -39.02 | -52.83 | 0.73 | -44.7 | -54.66 | 2.06 | -44.17 | -48.63 | 0.96 | -23.81 | -26.72 | 0.74 | 0.0 | -1.33 | 1.78 | -18.72 | -24.58 | 264.17 | -11.13 | 19.08 | 167.65 | 46.75 | 55.96 | -67.65 | -375.19 | -802.49 | 0.92 | 13.58 | 8.24 |
| 22Q3 (12) | 2.34 | 4.0 | -17.89 | 3.19 | -17.36 | -17.57 | 1.88 | -23.89 | -23.27 | 1.64 | -28.7 | -34.4 | 1.32 | -21.89 | -30.89 | 3.69 | -5.38 | -21.32 | 1.26 | -4.55 | -19.23 | 0.74 | 7.25 | -2.63 | 2.19 | -17.36 | -20.36 | 297.25 | 15.31 | 23.11 | 114.24 | 6.0 | 16.74 | -14.24 | -83.28 | -752.64 | 0.81 | -5.81 | -7.95 |
| 22Q2 (11) | 2.25 | -18.77 | -11.42 | 3.86 | 1.58 | -6.31 | 2.47 | 4.66 | -6.08 | 2.30 | 5.02 | -8.37 | 1.69 | -1.17 | -13.78 | 3.90 | -0.51 | -7.58 | 1.32 | -1.49 | -13.73 | 0.69 | -4.17 | -6.76 | 2.65 | 8.16 | -3.99 | 257.79 | 20.77 | 28.72 | 107.77 | 0.05 | 2.99 | -7.77 | -1.15 | -67.55 | 0.86 | -7.53 | -8.51 |
| 22Q1 (10) | 2.77 | 3.75 | 44.27 | 3.80 | 4.11 | 7.04 | 2.36 | 3.51 | 14.56 | 2.19 | 3.3 | 12.89 | 1.71 | 6.21 | 11.76 | 3.92 | -2.24 | 22.5 | 1.34 | 2.29 | 10.74 | 0.72 | -4.0 | -1.37 | 2.45 | 3.81 | 11.87 | 213.46 | -3.78 | 14.41 | 107.71 | 0.2 | 1.46 | -7.68 | -2.44 | -24.56 | 0.93 | 9.41 | -3.12 |
| 21Q4 (9) | 2.67 | -6.32 | 57.06 | 3.65 | -5.68 | 31.29 | 2.28 | -6.94 | 58.33 | 2.12 | -15.2 | 46.21 | 1.61 | -15.71 | 42.48 | 4.01 | -14.5 | 37.33 | 1.31 | -16.03 | 19.09 | 0.75 | -1.32 | -14.77 | 2.36 | -14.18 | 41.32 | 221.85 | -8.12 | 20.52 | 107.50 | 9.85 | 8.39 | -7.50 | -443.64 | -1011.56 | 0.85 | -3.41 | 7.59 |
| 21Q3 (8) | 2.85 | 12.2 | 95.21 | 3.87 | -6.07 | 28.57 | 2.45 | -6.84 | 60.13 | 2.50 | -0.4 | 59.24 | 1.91 | -2.55 | 52.8 | 4.69 | 11.14 | 52.27 | 1.56 | 1.96 | 40.54 | 0.76 | 2.7 | -3.8 | 2.75 | -0.36 | 47.85 | 241.46 | 20.57 | 18.54 | 97.85 | -6.48 | 0.63 | 2.18 | 147.05 | -19.07 | 0.88 | -6.38 | -5.38 |
| 21Q2 (7) | 2.54 | 32.29 | 137.38 | 4.12 | 16.06 | 22.99 | 2.63 | 27.67 | 65.41 | 2.51 | 29.38 | 90.15 | 1.96 | 28.1 | 84.91 | 4.22 | 31.87 | 56.88 | 1.53 | 26.45 | 73.86 | 0.74 | 1.37 | 10.45 | 2.76 | 26.03 | 57.71 | 200.27 | 7.34 | -8.11 | 104.64 | -1.44 | -13.01 | -4.64 | 24.8 | 77.15 | 0.94 | -2.08 | 0 |
| 21Q1 (6) | 1.92 | 12.94 | 84.62 | 3.55 | 27.7 | 10.94 | 2.06 | 43.06 | 38.26 | 1.94 | 33.79 | 92.08 | 1.53 | 35.4 | 91.25 | 3.20 | 9.59 | 19.4 | 1.21 | 10.0 | 35.96 | 0.73 | -17.05 | -1.35 | 2.19 | 31.14 | 33.54 | 186.58 | 1.36 | -51.77 | 106.16 | 7.04 | -27.75 | -6.16 | -849.68 | 86.87 | 0.96 | 21.52 | 0 |
| 20Q4 (5) | 1.70 | 16.44 | 40.5 | 2.78 | -7.64 | -4.47 | 1.44 | -5.88 | 2.86 | 1.45 | -7.64 | 51.04 | 1.13 | -9.6 | 54.79 | 2.92 | -5.19 | -2.99 | 1.10 | -0.9 | 4.76 | 0.88 | 11.39 | -7.37 | 1.67 | -10.22 | 10.6 | 184.08 | -9.63 | -44.51 | 99.18 | 2.0 | -32.15 | 0.82 | -69.49 | 101.78 | 0.79 | -15.05 | -11.24 |
| 20Q3 (4) | 1.46 | 36.45 | 0.0 | 3.01 | -10.15 | 0.0 | 1.53 | -3.77 | 0.0 | 1.57 | 18.94 | 0.0 | 1.25 | 17.92 | 0.0 | 3.08 | 14.5 | 0.0 | 1.11 | 26.14 | 0.0 | 0.79 | 17.91 | 0.0 | 1.86 | 6.29 | 0.0 | 203.70 | -6.54 | 0.0 | 97.24 | -19.16 | 0.0 | 2.70 | 113.29 | 0.0 | 0.93 | 0 | 0.0 |
| 20Q2 (3) | 1.07 | 2.88 | 0.0 | 3.35 | 4.69 | 0.0 | 1.59 | 6.71 | 0.0 | 1.32 | 30.69 | 0.0 | 1.06 | 32.5 | 0.0 | 2.69 | 0.37 | 0.0 | 0.88 | -1.12 | 0.0 | 0.67 | -9.46 | 0.0 | 1.75 | 6.71 | 0.0 | 217.95 | -43.66 | 0.0 | 120.28 | -18.14 | 0.0 | -20.28 | 56.79 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 1.04 | -14.05 | 0.0 | 3.20 | 9.97 | 0.0 | 1.49 | 6.43 | 0.0 | 1.01 | 5.21 | 0.0 | 0.80 | 9.59 | 0.0 | 2.68 | -10.96 | 0.0 | 0.89 | -15.24 | 0.0 | 0.74 | -22.11 | 0.0 | 1.64 | 8.61 | 0.0 | 386.85 | 16.62 | 0.0 | 146.95 | 0.53 | 0.0 | -46.95 | -1.66 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 1.21 | 0.0 | 0.0 | 2.91 | 0.0 | 0.0 | 1.40 | 0.0 | 0.0 | 0.96 | 0.0 | 0.0 | 0.73 | 0.0 | 0.0 | 3.01 | 0.0 | 0.0 | 1.05 | 0.0 | 0.0 | 0.95 | 0.0 | 0.0 | 1.51 | 0.0 | 0.0 | 331.73 | 0.0 | 0.0 | 146.18 | 0.0 | 0.0 | -46.18 | 0.0 | 0.0 | 0.89 | 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) | 4.24 | -50.75 | 3.10 | -10.66 | 1.38 | -33.01 | 0.08 | 13.27 | 0.87 | -50.0 | 0.67 | -49.62 | 6.27 | -55.12 | 3.04 | -40.62 | 2.55 | -16.67 | 1.62 | -27.68 | 268.59 | 1.67 | 157.84 | 32.77 | -57.84 | 0 | 1.26 | -25.22 | 0.99 | 12.5 |
| 2022 (9) | 8.61 | -13.55 | 3.47 | -8.44 | 2.06 | -12.71 | 0.07 | -14.38 | 1.74 | -23.35 | 1.33 | -24.0 | 13.97 | -11.08 | 5.12 | -7.58 | 3.06 | 4.08 | 2.24 | -11.11 | 264.17 | 19.08 | 118.89 | 14.64 | -18.88 | 0 | 1.68 | 47.98 | 0.88 | -2.22 |
| 2021 (8) | 9.96 | 90.8 | 3.79 | 24.26 | 2.36 | 56.29 | 0.08 | -7.61 | 2.27 | 66.91 | 1.75 | 63.55 | 15.71 | 44.13 | 5.54 | 40.25 | 2.94 | -3.29 | 2.52 | 45.66 | 221.85 | 20.52 | 103.70 | -6.38 | -3.70 | 0 | 1.14 | -22.01 | 0.90 | -6.25 |
| 2020 (7) | 5.22 | 20.83 | 3.05 | -5.28 | 1.51 | -3.82 | 0.08 | -2.12 | 1.36 | 37.37 | 1.07 | 40.79 | 10.90 | -2.5 | 3.95 | -5.73 | 3.04 | -11.37 | 1.73 | 4.22 | 184.08 | -44.51 | 110.77 | -30.22 | -10.77 | 0 | 1.46 | -21.48 | 0.96 | -5.88 |
| 2019 (6) | 4.32 | -13.94 | 3.22 | -17.22 | 1.57 | -18.23 | 0.09 | 183.04 | 0.99 | -25.0 | 0.76 | -25.49 | 11.18 | -15.75 | 4.19 | -14.49 | 3.43 | 5.86 | 1.66 | -16.16 | 331.73 | 0.45 | 158.75 | 9.41 | -58.75 | 0 | 1.86 | -7.19 | 1.02 | -13.56 |
| 2018 (5) | 5.02 | -4.56 | 3.89 | -12.58 | 1.92 | -7.25 | 0.03 | -8.73 | 1.32 | -19.51 | 1.02 | -23.31 | 13.27 | -2.64 | 4.90 | 0.82 | 3.24 | 16.97 | 1.98 | -9.59 | 330.24 | 20.39 | 145.10 | 14.99 | -45.10 | 0 | 2.00 | 0 | 1.18 | -12.59 |
| 2017 (4) | 5.26 | 45.71 | 4.45 | -7.29 | 2.07 | 21.05 | 0.03 | -21.41 | 1.64 | 16.31 | 1.33 | 12.71 | 13.63 | 35.62 | 4.86 | 25.91 | 2.77 | 4.14 | 2.19 | 21.67 | 274.30 | 4.19 | 126.18 | 4.49 | -26.18 | 0 | 0.00 | 0 | 1.35 | -16.15 |
| 2016 (3) | 3.61 | -19.6 | 4.80 | -14.74 | 1.71 | -21.56 | 0.04 | -27.16 | 1.41 | -31.88 | 1.18 | -32.57 | 10.05 | -21.97 | 3.86 | -24.61 | 2.66 | 4.72 | 1.80 | -27.13 | 263.27 | 47.28 | 120.76 | 14.61 | -20.76 | 0 | 0.00 | 0 | 1.61 | -23.7 |
| 2015 (2) | 4.49 | -13.32 | 5.63 | -1.92 | 2.18 | -4.39 | 0.06 | 6.12 | 2.07 | -0.48 | 1.75 | 2.94 | 12.88 | -8.39 | 5.12 | -8.08 | 2.54 | -9.29 | 2.47 | -1.2 | 178.75 | -12.79 | 105.36 | -3.92 | -5.36 | 0 | 0.00 | 0 | 2.11 | -1.4 |
| 2014 (1) | 5.18 | 34.2 | 5.74 | 0 | 2.28 | 0 | 0.05 | -5.79 | 2.08 | 0 | 1.70 | 0 | 14.06 | 0 | 5.57 | 0 | 2.80 | 5.66 | 2.50 | 10.13 | 204.96 | 12.56 | 109.67 | 2.54 | -9.67 | 0 | 0.00 | 0 | 2.14 | -8.94 |
