- 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) | 0.49 | -14.04 | -46.15 | 24.04 | 1.35 | 1.01 | 9.12 | 23.41 | -6.84 | 10.01 | -6.62 | -35.04 | 8.35 | -8.34 | -31.28 | 2.70 | -18.18 | -51.09 | 1.82 | -12.08 | -44.85 | 0.21 | -4.55 | -22.22 | 12.74 | -3.56 | -26.06 | 46.68 | -21.73 | -25.89 | 90.80 | 32.92 | 41.99 | 9.20 | -70.04 | -74.9 | 24.36 | 6.75 | 13.57 |
| 24Q2 (19) | 0.57 | -27.85 | -33.72 | 23.72 | 8.21 | 13.71 | 7.39 | 4.23 | -13.47 | 10.72 | -29.8 | -17.85 | 9.11 | -26.29 | -13.89 | 3.30 | -27.47 | -41.18 | 2.07 | -27.37 | -33.23 | 0.22 | -4.35 | -24.14 | 13.21 | -24.86 | -11.04 | 59.64 | -10.84 | -23.04 | 68.32 | 47.85 | 4.13 | 30.69 | -42.94 | -10.76 | 22.82 | -5.23 | 7.84 |
| 24Q1 (18) | 0.79 | 79.55 | 31.67 | 21.92 | -21.35 | 6.2 | 7.09 | -48.55 | -26.45 | 15.27 | 97.54 | 67.25 | 12.36 | 75.57 | 56.26 | 4.55 | 81.27 | 14.9 | 2.85 | 75.93 | 30.14 | 0.23 | 4.55 | -14.81 | 17.58 | 73.89 | 59.24 | 66.89 | 15.23 | -26.66 | 46.21 | -74.01 | -56.34 | 53.79 | 169.16 | 1023.45 | 24.08 | 15.0 | 23.11 |
| 23Q4 (17) | 0.44 | -51.65 | -10.2 | 27.87 | 17.1 | 34.12 | 13.78 | 40.76 | 36.17 | 7.73 | -49.84 | 18.38 | 7.04 | -42.06 | 13.92 | 2.51 | -54.53 | -21.81 | 1.62 | -50.91 | -11.96 | 0.22 | -18.52 | -24.14 | 10.11 | -41.32 | 22.84 | 58.05 | -7.84 | -30.98 | 177.78 | 177.98 | 14.6 | -77.78 | -312.35 | -41.09 | 20.94 | -2.38 | 15.69 |
| 23Q3 (16) | 0.91 | 5.81 | -10.78 | 23.80 | 14.09 | 21.61 | 9.79 | 14.64 | 26.32 | 15.41 | 18.08 | 3.7 | 12.15 | 14.84 | 2.1 | 5.52 | -1.6 | -21.26 | 3.30 | 6.45 | -15.17 | 0.27 | -6.9 | -15.62 | 17.23 | 16.03 | 4.68 | 62.99 | -18.71 | -17.78 | 63.95 | -2.52 | 22.74 | 36.63 | 6.49 | -23.52 | 21.45 | 1.37 | 6.4 |
| 23Q2 (15) | 0.86 | 43.33 | 8.86 | 20.86 | 1.07 | 4.2 | 8.54 | -11.41 | -3.72 | 13.05 | 42.94 | 10.22 | 10.58 | 33.75 | 8.29 | 5.61 | 41.67 | -2.43 | 3.10 | 41.55 | -0.32 | 0.29 | 7.41 | -6.45 | 14.85 | 34.51 | 11.07 | 77.49 | -15.04 | -13.64 | 65.61 | -38.01 | -12.11 | 34.39 | 690.45 | 35.67 | 21.16 | 8.18 | 11.9 |
| 23Q1 (14) | 0.60 | 22.45 | 15.38 | 20.64 | -0.67 | 17.54 | 9.64 | -4.74 | 69.42 | 9.13 | 39.82 | 2.47 | 7.91 | 27.99 | 4.91 | 3.96 | 23.36 | 4.21 | 2.19 | 19.02 | 0.92 | 0.27 | -6.9 | -3.57 | 11.04 | 34.14 | 4.15 | 91.21 | 8.44 | 6.78 | 105.83 | -31.78 | 67.86 | -5.83 | 89.43 | -116.24 | 19.56 | 8.07 | -7.03 |
| 22Q4 (13) | 0.49 | -51.96 | 32.43 | 20.78 | 6.18 | 21.45 | 10.12 | 30.58 | 60.38 | 6.53 | -56.06 | 11.62 | 6.18 | -48.07 | 24.35 | 3.21 | -54.21 | 18.89 | 1.84 | -52.7 | 17.2 | 0.29 | -9.38 | -6.45 | 8.23 | -50.0 | 9.44 | 84.11 | 9.79 | 14.9 | 155.13 | 197.72 | 44.05 | -55.13 | -215.1 | -616.67 | 18.10 | -10.22 | -7.08 |
| 22Q3 (12) | 1.02 | 29.11 | 112.5 | 19.57 | -2.25 | 19.4 | 7.75 | -12.63 | 27.47 | 14.86 | 25.51 | 92.24 | 11.90 | 21.8 | 82.8 | 7.01 | 21.91 | 92.05 | 3.89 | 25.08 | 92.57 | 0.32 | 3.23 | 6.67 | 16.46 | 23.11 | 74.92 | 76.61 | -14.62 | -6.48 | 52.11 | -30.2 | -33.9 | 47.89 | 88.92 | 126.17 | 20.16 | 6.61 | 8.56 |
| 22Q2 (11) | 0.79 | 51.92 | 97.5 | 20.02 | 14.01 | 19.52 | 8.87 | 55.89 | 40.13 | 11.84 | 32.88 | 112.57 | 9.77 | 29.58 | 70.51 | 5.75 | 51.32 | 83.12 | 3.11 | 43.32 | 79.77 | 0.31 | 10.71 | 6.9 | 13.37 | 26.13 | 80.92 | 89.73 | 5.05 | 1.14 | 74.65 | 18.41 | -34.4 | 25.35 | -29.32 | 283.8 | 18.91 | -10.12 | 8.99 |
| 22Q1 (10) | 0.52 | 40.54 | 52.94 | 17.56 | 2.63 | -2.77 | 5.69 | -9.83 | -17.18 | 8.91 | 52.31 | 38.57 | 7.54 | 51.71 | 40.15 | 3.80 | 40.74 | 44.49 | 2.17 | 38.22 | 46.62 | 0.28 | -9.68 | 3.7 | 10.60 | 40.96 | 26.79 | 85.42 | 16.69 | -0.28 | 63.04 | -41.46 | -40.84 | 35.87 | 566.3 | 647.01 | 21.04 | 8.01 | 6.21 |
| 21Q4 (9) | 0.37 | -22.92 | 105.56 | 17.11 | 4.39 | -15.71 | 6.31 | 3.78 | -16.86 | 5.85 | -24.32 | 81.11 | 4.97 | -23.66 | 67.91 | 2.70 | -26.03 | 98.53 | 1.57 | -22.28 | 106.58 | 0.31 | 3.33 | 29.17 | 7.52 | -20.09 | 37.23 | 73.20 | -10.64 | -10.98 | 107.69 | 36.62 | -54.07 | -7.69 | -136.32 | 94.28 | 19.48 | 4.9 | -8.07 |
| 21Q3 (8) | 0.48 | 20.0 | 14.29 | 16.39 | -2.15 | -21.77 | 6.08 | -3.95 | -37.19 | 7.73 | 38.78 | 2.66 | 6.51 | 13.61 | 1.72 | 3.65 | 16.24 | 11.62 | 2.02 | 16.76 | 18.13 | 0.30 | 3.45 | 15.38 | 9.41 | 27.33 | -3.88 | 81.92 | -7.66 | -19.37 | 78.82 | -30.73 | -38.79 | 21.18 | 253.53 | 173.61 | 18.57 | 7.03 | -4.92 |
| 21Q2 (7) | 0.40 | 17.65 | -41.18 | 16.75 | -7.25 | -31.91 | 6.33 | -7.86 | -50.62 | 5.57 | -13.37 | -51.48 | 5.73 | 6.51 | -39.75 | 3.14 | 19.39 | -39.85 | 1.73 | 16.89 | -41.36 | 0.29 | 7.41 | -3.33 | 7.39 | -11.6 | -45.34 | 88.72 | 3.57 | -6.06 | 113.79 | 6.79 | 1.24 | -13.79 | -110.34 | -19.21 | 17.35 | -12.42 | 0 |
| 21Q1 (6) | 0.34 | 88.89 | 13.33 | 18.06 | -11.03 | 4.57 | 6.87 | -9.49 | 53.01 | 6.43 | 99.07 | 3.04 | 5.38 | 81.76 | 0.0 | 2.63 | 93.38 | 17.94 | 1.48 | 94.74 | 10.45 | 0.27 | 12.5 | 17.39 | 8.36 | 52.55 | -9.13 | 85.66 | 4.17 | 27.32 | 106.56 | -54.56 | 46.88 | -6.56 | 95.12 | -123.89 | 19.81 | -6.51 | 0 |
| 20Q4 (5) | 0.18 | -57.14 | -14.29 | 20.30 | -3.1 | 0.64 | 7.59 | -21.59 | -11.95 | 3.23 | -57.1 | -2.71 | 2.96 | -53.75 | 0.0 | 1.36 | -58.41 | -12.82 | 0.76 | -55.56 | -16.48 | 0.24 | -7.69 | -14.29 | 5.48 | -44.02 | -4.86 | 82.23 | -19.06 | -4.74 | 234.48 | 82.1 | -9.4 | -134.48 | -367.49 | 15.33 | 21.19 | 8.5 | 0 |
| 20Q3 (4) | 0.42 | -38.24 | 0.0 | 20.95 | -14.84 | 0.0 | 9.68 | -24.49 | 0.0 | 7.53 | -34.41 | 0.0 | 6.40 | -32.7 | 0.0 | 3.27 | -37.36 | 0.0 | 1.71 | -42.03 | 0.0 | 0.26 | -13.33 | 0.0 | 9.79 | -27.59 | 0.0 | 101.60 | 7.58 | 0.0 | 128.77 | 14.56 | 0.0 | -28.77 | -148.63 | 0.0 | 19.53 | 0 | 0.0 |
| 20Q2 (3) | 0.68 | 126.67 | 0.0 | 24.60 | 42.44 | 0.0 | 12.82 | 185.52 | 0.0 | 11.48 | 83.97 | 0.0 | 9.51 | 76.77 | 0.0 | 5.22 | 134.08 | 0.0 | 2.95 | 120.15 | 0.0 | 0.30 | 30.43 | 0.0 | 13.52 | 46.96 | 0.0 | 94.44 | 40.37 | 0.0 | 112.40 | 54.93 | 0.0 | -11.57 | -142.15 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.30 | 42.86 | 0.0 | 17.27 | -14.38 | 0.0 | 4.49 | -47.91 | 0.0 | 6.24 | 87.95 | 0.0 | 5.38 | 81.76 | 0.0 | 2.23 | 42.95 | 0.0 | 1.34 | 47.25 | 0.0 | 0.23 | -17.86 | 0.0 | 9.20 | 59.72 | 0.0 | 67.28 | -22.06 | 0.0 | 72.55 | -71.97 | 0.0 | 27.45 | 117.28 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.21 | 0.0 | 0.0 | 20.17 | 0.0 | 0.0 | 8.62 | 0.0 | 0.0 | 3.32 | 0.0 | 0.0 | 2.96 | 0.0 | 0.0 | 1.56 | 0.0 | 0.0 | 0.91 | 0.0 | 0.0 | 0.28 | 0.0 | 0.0 | 5.76 | 0.0 | 0.0 | 86.32 | 0.0 | 0.0 | 258.82 | 0.0 | 0.0 | -158.82 | 0.0 | 0.0 | 0.00 | 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) | 2.81 | -0.71 | 23.04 | 17.85 | 10.26 | 25.27 | 1.64 | 18.5 | 11.51 | 7.87 | 9.54 | 6.59 | 16.89 | -11.52 | 10.16 | -6.62 | 1.04 | -12.61 | 13.47 | 9.33 | 58.05 | -30.98 | 89.11 | 16.26 | 10.89 | -53.36 | 0.12 | 3.18 | 20.77 | 6.46 |
| 2022 (9) | 2.83 | 76.88 | 19.55 | 14.66 | 8.19 | 28.37 | 1.39 | -9.47 | 10.67 | 66.72 | 8.95 | 58.41 | 19.09 | 63.58 | 10.88 | 60.47 | 1.19 | 2.59 | 12.32 | 50.61 | 84.11 | 14.9 | 76.65 | -23.07 | 23.35 | 6158.68 | 0.12 | 4.67 | 19.51 | 3.83 |
| 2021 (8) | 1.60 | 1.91 | 17.05 | -18.93 | 6.38 | -28.64 | 1.53 | -23.77 | 6.40 | -12.69 | 5.65 | -9.31 | 11.67 | -1.52 | 6.78 | 1.5 | 1.16 | 12.62 | 8.18 | -15.58 | 73.20 | -10.98 | 99.63 | -18.27 | 0.37 | 0 | 0.11 | 0.56 | 18.79 | -4.96 |
| 2020 (7) | 1.57 | -9.25 | 21.03 | 7.85 | 8.94 | 16.71 | 2.01 | -1.85 | 7.33 | -0.95 | 6.23 | -0.48 | 11.85 | -13.31 | 6.68 | -12.57 | 1.03 | -11.97 | 9.69 | -1.22 | 82.23 | -4.74 | 121.90 | 17.64 | -21.90 | 0 | 0.11 | 0.78 | 19.77 | 10.51 |
| 2019 (6) | 1.73 | 143.66 | 19.50 | 14.64 | 7.66 | 254.63 | 2.04 | -12.66 | 7.40 | 64.81 | 6.26 | 57.29 | 13.67 | 127.08 | 7.64 | 117.05 | 1.17 | 44.44 | 9.81 | 32.93 | 86.32 | -1.46 | 103.62 | 115.73 | -3.62 | 0 | 0.11 | 86.64 | 17.89 | -25.58 |
| 2018 (5) | 0.71 | 115.15 | 17.01 | 0.12 | 2.16 | -37.93 | 2.34 | -18.19 | 4.49 | 100.45 | 3.98 | 115.14 | 6.02 | 114.23 | 3.52 | 90.27 | 0.81 | -5.81 | 7.38 | 34.43 | 87.60 | 3.84 | 48.03 | -69.35 | 51.97 | 0 | 0.06 | 0 | 24.04 | 9.42 |
| 2017 (4) | 0.33 | -67.96 | 16.99 | -13.97 | 3.48 | -40.0 | 2.86 | -18.04 | 2.24 | -67.01 | 1.85 | -68.7 | 2.81 | -68.92 | 1.85 | -66.24 | 0.86 | -2.27 | 5.49 | -48.5 | 84.36 | 21.82 | 156.72 | 83.97 | -55.22 | 0 | 0.00 | 0 | 21.97 | -0.72 |
| 2016 (3) | 1.03 | -17.6 | 19.75 | -1.05 | 5.80 | -14.2 | 3.49 | -5.89 | 6.79 | -25.55 | 5.91 | -22.95 | 9.04 | -27.97 | 5.48 | -28.46 | 0.88 | -7.37 | 10.66 | -19.97 | 69.25 | -10.91 | 85.19 | 14.91 | 14.81 | -42.73 | 0.00 | 0 | 22.13 | 3.95 |
| 2015 (2) | 1.25 | 58.23 | 19.96 | 37.85 | 6.76 | 131.51 | 3.71 | -23.86 | 9.12 | 67.65 | 7.67 | 76.73 | 12.55 | 50.84 | 7.66 | 48.74 | 0.95 | -12.04 | 13.32 | 22.88 | 77.73 | 16.98 | 74.13 | 38.51 | 25.87 | -44.35 | 0.00 | 0 | 21.29 | 12.88 |
| 2014 (1) | 0.79 | 243.48 | 14.48 | 0 | 2.92 | 0 | 4.87 | -21.95 | 5.44 | 0 | 4.34 | 0 | 8.32 | 0 | 5.15 | 0 | 1.08 | 6.93 | 10.84 | 27.53 | 66.45 | -24.88 | 53.52 | 8.83 | 46.48 | -8.54 | 0.00 | 0 | 18.86 | -1.51 |
