- 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 | -34.65 | -27.47 | 48.92 | -6.62 | -9.87 | 22.83 | -18.96 | -16.31 | 24.81 | -22.18 | -20.58 | 21.11 | -21.14 | -20.31 | 2.45 | -32.88 | -29.19 | 2.12 | -32.48 | -25.35 | 0.10 | -16.67 | -9.09 | 29.23 | -17.17 | -16.94 | 8.12 | -65.51 | -18.39 | 93.75 | 6.34 | 6.46 | 8.33 | -29.63 | -37.96 | 19.70 | 4.56 | -2.67 |
| 24Q2 (19) | 1.01 | 27.85 | 6.32 | 52.39 | 4.49 | 0.23 | 28.17 | 22.69 | 2.66 | 31.88 | 8.07 | 0.82 | 26.77 | 7.81 | -0.89 | 3.65 | 30.36 | 7.35 | 3.14 | 24.11 | 14.6 | 0.12 | 20.0 | 20.0 | 35.29 | 5.34 | -0.84 | 23.54 | 124.62 | -32.86 | 88.16 | 13.07 | 1.16 | 11.84 | -46.26 | -7.89 | 18.84 | -7.92 | -1.0 |
| 24Q1 (18) | 0.79 | -25.47 | 5.33 | 50.14 | -5.77 | -7.44 | 22.96 | -21.29 | -17.88 | 29.50 | 2.29 | -1.04 | 24.83 | -8.14 | 8.24 | 2.80 | -27.65 | 10.67 | 2.53 | -27.92 | 15.0 | 0.10 | -23.08 | 0.0 | 33.50 | 3.91 | -1.9 | 10.48 | -7.09 | -28.12 | 77.97 | -23.12 | -16.56 | 22.03 | 1664.41 | 236.02 | 20.46 | 15.66 | 5.3 |
| 23Q4 (17) | 1.06 | 16.48 | -26.39 | 53.21 | -1.97 | -5.45 | 29.17 | 6.93 | -17.2 | 28.84 | -7.68 | -12.34 | 27.03 | 2.04 | -7.56 | 3.87 | 11.85 | -23.67 | 3.51 | 23.59 | -20.23 | 0.13 | 18.18 | -13.33 | 32.24 | -8.38 | -12.42 | 11.28 | 13.37 | -30.76 | 101.41 | 15.16 | -5.16 | -1.41 | -110.49 | 79.68 | 17.69 | -12.6 | 8.73 |
| 23Q3 (16) | 0.91 | -4.21 | -43.83 | 54.28 | 3.85 | -4.03 | 27.28 | -0.58 | -21.32 | 31.24 | -1.2 | -21.84 | 26.49 | -1.93 | -18.52 | 3.46 | 1.76 | -42.72 | 2.84 | 3.65 | -40.71 | 0.11 | 10.0 | -26.67 | 35.19 | -1.12 | -15.55 | 9.95 | -71.62 | -28.88 | 88.06 | 1.05 | 1.92 | 13.43 | 4.48 | -1.23 | 20.24 | 6.36 | 19.76 |
| 23Q2 (15) | 0.95 | 26.67 | -45.09 | 52.27 | -3.51 | -10.44 | 27.44 | -1.86 | -23.12 | 31.62 | 6.07 | -17.25 | 27.01 | 17.74 | -11.09 | 3.40 | 34.39 | -45.69 | 2.74 | 24.55 | -43.62 | 0.10 | 0.0 | -37.5 | 35.59 | 4.22 | -10.4 | 35.06 | 140.47 | -11.15 | 87.14 | -6.74 | -6.68 | 12.86 | 96.07 | 94.29 | 19.03 | -2.06 | 8.06 |
| 23Q1 (14) | 0.75 | -47.92 | -59.89 | 54.17 | -3.75 | -5.97 | 27.96 | -20.64 | -24.29 | 29.81 | -9.39 | -24.47 | 22.94 | -21.55 | -28.89 | 2.53 | -50.1 | -62.3 | 2.20 | -50.0 | -60.57 | 0.10 | -33.33 | -41.18 | 34.15 | -7.23 | -16.13 | 14.58 | -10.5 | -25.12 | 93.44 | -12.61 | 0.47 | 6.56 | 194.61 | 4.19 | 19.43 | 19.42 | 17.47 |
| 22Q4 (13) | 1.44 | -11.11 | -29.41 | 56.28 | -0.5 | -4.3 | 35.23 | 1.62 | -8.83 | 32.90 | -17.69 | -14.83 | 29.24 | -10.06 | -0.03 | 5.07 | -16.06 | -34.58 | 4.40 | -8.14 | -31.36 | 0.15 | 0.0 | -31.82 | 36.81 | -11.66 | -8.61 | 16.29 | 16.44 | -24.27 | 106.93 | 23.76 | 6.93 | -6.93 | -150.96 | 0 | 16.27 | -3.73 | 3.56 |
| 22Q3 (12) | 1.62 | -6.36 | -17.77 | 56.56 | -3.08 | -4.88 | 34.67 | -2.86 | -8.35 | 39.97 | 4.61 | 3.87 | 32.51 | 7.01 | -1.6 | 6.04 | -3.51 | -23.83 | 4.79 | -1.44 | -29.25 | 0.15 | -6.25 | -25.0 | 41.67 | 4.91 | 3.07 | 13.99 | -64.55 | -31.76 | 86.40 | -7.48 | -11.75 | 13.60 | 105.51 | 872.4 | 16.90 | -4.03 | -1.29 |
| 22Q2 (11) | 1.73 | -7.49 | 41.8 | 58.36 | 1.3 | 8.27 | 35.69 | -3.36 | 24.88 | 38.21 | -3.19 | 24.79 | 30.38 | -5.83 | 15.21 | 6.26 | -6.71 | 25.45 | 4.86 | -12.9 | 9.21 | 0.16 | -5.88 | -5.88 | 39.72 | -2.46 | 19.57 | 39.46 | 102.67 | 177.3 | 93.38 | 0.4 | -0.99 | 6.62 | 5.15 | -2.94 | 17.61 | 6.47 | -2.76 |
| 22Q1 (10) | 1.87 | -8.33 | 66.96 | 57.61 | -2.04 | 4.71 | 36.93 | -4.43 | 21.28 | 39.47 | 2.17 | 28.57 | 32.26 | 10.29 | 23.08 | 6.71 | -13.42 | 29.29 | 5.58 | -12.95 | 21.57 | 0.17 | -22.73 | 0.0 | 40.72 | 1.09 | 20.62 | 19.47 | -9.48 | 91.07 | 93.01 | -6.99 | -5.7 | 6.29 | 0 | 359.44 | 16.54 | 5.28 | -4.56 |
| 21Q4 (9) | 2.04 | 3.55 | 82.14 | 58.81 | -1.09 | 6.4 | 38.64 | 2.14 | 34.03 | 38.63 | 0.39 | 25.99 | 29.25 | -11.47 | 11.85 | 7.75 | -2.27 | 16.19 | 6.41 | -5.32 | 12.46 | 0.22 | 10.0 | 0.0 | 40.28 | -0.37 | 21.91 | 21.51 | 4.93 | 19.04 | 100.00 | 2.14 | 6.15 | 0.00 | -100.0 | -100.0 | 15.71 | -8.24 | -12.77 |
| 21Q3 (8) | 1.97 | 61.48 | 134.52 | 59.46 | 10.32 | 7.39 | 37.83 | 32.37 | 33.86 | 38.48 | 25.67 | 43.0 | 33.04 | 25.29 | 47.24 | 7.93 | 58.92 | 58.6 | 6.77 | 52.13 | 70.96 | 0.20 | 17.65 | 11.11 | 40.43 | 21.7 | 38.51 | 20.50 | 44.06 | 26.0 | 97.90 | 3.8 | -5.86 | 1.40 | -79.49 | 123.31 | 17.12 | -5.47 | -8.89 |
| 21Q2 (7) | 1.22 | 8.93 | 82.09 | 53.90 | -2.04 | 6.61 | 28.58 | -6.14 | 15.43 | 30.62 | -0.26 | 31.25 | 26.37 | 0.61 | 36.0 | 4.99 | -3.85 | 18.53 | 4.45 | -3.05 | 30.12 | 0.17 | 0.0 | -5.56 | 33.22 | -1.6 | 29.51 | 14.23 | 39.65 | -61.69 | 94.32 | -4.37 | -9.7 | 6.82 | 397.73 | 202.27 | 18.11 | 4.5 | 0 |
| 21Q1 (6) | 1.12 | 0.0 | 180.0 | 55.02 | -0.45 | 10.68 | 30.45 | 5.62 | 69.73 | 30.70 | 0.13 | 47.31 | 26.21 | 0.23 | 49.69 | 5.19 | -22.19 | 120.85 | 4.59 | -19.47 | 118.57 | 0.17 | -22.73 | 41.67 | 33.76 | 2.18 | 40.67 | 10.19 | -43.61 | -13.28 | 98.63 | 4.7 | 16.56 | 1.37 | -76.37 | -91.1 | 17.33 | -3.78 | -24.02 |
| 20Q4 (5) | 1.12 | 33.33 | 75.0 | 55.27 | -0.18 | 12.41 | 28.83 | 2.02 | 18.01 | 30.66 | 13.94 | 37.98 | 26.15 | 16.53 | 34.59 | 6.67 | 33.4 | 69.72 | 5.70 | 43.94 | 64.74 | 0.22 | 22.22 | 22.22 | 33.04 | 13.19 | 35.19 | 18.07 | 11.06 | 30.56 | 94.20 | -9.42 | -14.36 | 5.80 | 196.62 | 157.97 | 18.01 | -4.15 | 5.82 |
| 20Q3 (4) | 0.84 | 25.37 | 0.0 | 55.37 | 9.51 | 0.0 | 28.26 | 14.14 | 0.0 | 26.91 | 15.35 | 0.0 | 22.44 | 15.73 | 0.0 | 5.00 | 18.76 | 0.0 | 3.96 | 15.79 | 0.0 | 0.18 | 0.0 | 0.0 | 29.19 | 13.8 | 0.0 | 16.27 | -56.19 | 0.0 | 104.00 | -0.43 | 0.0 | -6.00 | 10.0 | 0.0 | 18.79 | 0 | 0.0 |
| 20Q2 (3) | 0.67 | 67.5 | 0.0 | 50.56 | 1.71 | 0.0 | 24.76 | 38.02 | 0.0 | 23.33 | 11.95 | 0.0 | 19.39 | 10.74 | 0.0 | 4.21 | 79.15 | 0.0 | 3.42 | 62.86 | 0.0 | 0.18 | 50.0 | 0.0 | 25.65 | 6.87 | 0.0 | 37.14 | 216.09 | 0.0 | 104.44 | 23.43 | 0.0 | -6.67 | -143.33 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.40 | -37.5 | 0.0 | 49.71 | 1.1 | 0.0 | 17.94 | -26.57 | 0.0 | 20.84 | -6.21 | 0.0 | 17.51 | -9.88 | 0.0 | 2.35 | -40.2 | 0.0 | 2.10 | -39.31 | 0.0 | 0.12 | -33.33 | 0.0 | 24.00 | -1.8 | 0.0 | 11.75 | -15.1 | 0.0 | 84.62 | -23.08 | 0.0 | 15.38 | 253.85 | 0.0 | 22.81 | 34.02 | 0.0 |
| 19Q4 (1) | 0.64 | 0.0 | 0.0 | 49.17 | 0.0 | 0.0 | 24.43 | 0.0 | 0.0 | 22.22 | 0.0 | 0.0 | 19.43 | 0.0 | 0.0 | 3.93 | 0.0 | 0.0 | 3.46 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 24.44 | 0.0 | 0.0 | 13.84 | 0.0 | 0.0 | 110.00 | 0.0 | 0.0 | -10.00 | 0.0 | 0.0 | 17.02 | 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) | 3.67 | -44.89 | 53.46 | -6.64 | 28.00 | -21.52 | 2.14 | 68.02 | 30.34 | -19.61 | 25.95 | -16.64 | 12.95 | -46.0 | 11.40 | -43.59 | 0.44 | -32.31 | 34.23 | -13.78 | 11.28 | -30.76 | 92.57 | -1.99 | 7.81 | 40.52 | 2.89 | 15.09 | 19.05 | 13.12 |
| 2022 (9) | 6.66 | 5.05 | 57.26 | 0.03 | 35.68 | 2.71 | 1.27 | -1.27 | 37.74 | 6.61 | 31.13 | 6.83 | 23.98 | -20.17 | 20.21 | -19.16 | 0.65 | -24.42 | 39.70 | 5.7 | 16.29 | -24.27 | 94.44 | -3.7 | 5.56 | 188.27 | 2.51 | 7.16 | 16.84 | -0.47 |
| 2021 (8) | 6.34 | 107.87 | 57.24 | 7.8 | 34.74 | 34.97 | 1.29 | 3.9 | 35.40 | 35.74 | 29.14 | 32.88 | 30.04 | 71.07 | 25.00 | 64.58 | 0.86 | 24.64 | 37.56 | 30.92 | 21.51 | 19.04 | 98.07 | -0.88 | 1.93 | 82.12 | 2.34 | -53.57 | 16.92 | -10.38 |
| 2020 (7) | 3.05 | 16.41 | 53.10 | 9.03 | 25.74 | 13.39 | 1.24 | -0.28 | 26.08 | 13.89 | 21.93 | 11.55 | 17.56 | 8.6 | 15.19 | 6.15 | 0.69 | -4.17 | 28.69 | 12.11 | 18.07 | 30.56 | 98.94 | 0.15 | 1.06 | 75.66 | 5.05 | -19.95 | 18.88 | 7.03 |
| 2019 (6) | 2.62 | 16.44 | 48.70 | 7.01 | 22.70 | 16.35 | 1.24 | -49.59 | 22.90 | 6.76 | 19.66 | 5.53 | 16.17 | 11.29 | 14.31 | 10.59 | 0.72 | 4.35 | 25.59 | -8.38 | 13.84 | 6.22 | 98.80 | 8.99 | 0.60 | -93.56 | 6.30 | -19.95 | 17.64 | -1.67 |
| 2018 (5) | 2.25 | 20.97 | 45.51 | 6.61 | 19.51 | 9.42 | 2.47 | -21.44 | 21.45 | 31.03 | 18.63 | 32.41 | 14.53 | 15.87 | 12.94 | 14.51 | 0.69 | -13.75 | 27.93 | 14.33 | 13.03 | 12.42 | 90.65 | -16.6 | 9.35 | 0 | 7.88 | 0 | 17.94 | 7.17 |
| 2017 (4) | 1.86 | 57.63 | 42.69 | 13.03 | 17.83 | 55.18 | 3.14 | 1.51 | 16.37 | 41.61 | 14.07 | 47.48 | 12.54 | 55.58 | 11.30 | 56.94 | 0.80 | 6.67 | 24.43 | 22.33 | 11.59 | 13.85 | 108.70 | 10.16 | -8.70 | 0 | 0.00 | 0 | 16.74 | -6.74 |
| 2016 (3) | 1.18 | -2.48 | 37.77 | -2.58 | 11.49 | -0.35 | 3.10 | 7.5 | 11.56 | -8.11 | 9.54 | -3.64 | 8.06 | -0.25 | 7.20 | 0.14 | 0.75 | 2.74 | 19.97 | -3.99 | 10.18 | -25.96 | 98.67 | 8.26 | 0.00 | 0 | 0.00 | 0 | 17.95 | -3.91 |
| 2015 (2) | 1.21 | -5.47 | 38.77 | -11.85 | 11.53 | -12.25 | 2.88 | -28.76 | 12.58 | -21.57 | 9.90 | -29.39 | 8.08 | -4.15 | 7.19 | -5.15 | 0.73 | 35.19 | 20.80 | -17.16 | 13.75 | 23.1 | 91.14 | 10.25 | 8.86 | -52.53 | 0.00 | 0 | 18.68 | -11.09 |
| 2014 (1) | 1.28 | -36.32 | 43.98 | 0 | 13.14 | 0 | 4.04 | 6.58 | 16.04 | 0 | 14.02 | 0 | 8.43 | 0 | 7.58 | 0 | 0.54 | -19.4 | 25.11 | -7.24 | 11.17 | 0.0 | 82.67 | -10.91 | 18.67 | 196.0 | 0.00 | 0 | 21.01 | 9.31 |
