- 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) | 1.05 | 28.05 | 3.96 | 5.40 | -3.57 | 10.88 | 3.16 | 0.96 | 12.86 | 2.43 | -12.59 | 14.08 | 1.87 | -11.79 | 15.43 | 4.97 | -0.2 | 2.05 | 1.53 | 3.38 | -0.65 | 0.67 | 19.64 | 6.35 | 3.12 | -14.29 | -5.45 | 285.63 | -7.99 | -15.01 | 129.70 | 15.61 | -1.35 | -30.00 | -146.15 | 4.69 | 1.69 | 0.6 | 17.36 |
| 24Q2 (19) | 0.82 | 60.78 | 70.83 | 5.60 | 10.67 | 31.76 | 3.13 | 21.32 | 43.58 | 2.78 | 89.12 | 227.06 | 2.12 | 87.61 | 168.35 | 4.98 | 99.2 | 110.13 | 1.48 | 42.31 | 80.49 | 0.56 | 1.82 | 9.8 | 3.64 | 38.4 | 79.31 | 310.45 | -6.15 | -25.92 | 112.19 | -36.24 | -56.05 | -12.19 | 83.95 | 92.15 | 1.68 | -3.45 | 20.0 |
| 24Q1 (18) | 0.51 | -12.07 | -8.93 | 5.06 | 28.75 | 46.24 | 2.58 | 32.31 | 39.46 | 1.47 | 22.5 | 26.72 | 1.13 | 4.63 | 43.04 | 2.50 | -11.66 | -6.37 | 1.04 | -15.45 | 22.35 | 0.55 | -14.06 | -11.29 | 2.63 | 9.58 | 29.56 | 330.80 | 17.41 | -41.01 | 175.95 | 8.22 | 10.51 | -75.95 | -21.36 | -28.25 | 1.74 | 35.94 | 51.3 |
| 23Q4 (17) | 0.58 | -42.57 | -24.68 | 3.93 | -19.3 | -5.98 | 1.95 | -30.36 | -6.7 | 1.20 | -43.66 | -17.81 | 1.08 | -33.33 | -0.92 | 2.83 | -41.89 | -20.06 | 1.23 | -20.13 | 4.24 | 0.64 | 1.59 | -11.11 | 2.40 | -27.27 | 3.9 | 281.74 | -16.17 | -17.45 | 162.58 | 23.66 | 13.5 | -62.58 | -98.82 | -44.72 | 1.28 | -11.11 | -3.76 |
| 23Q3 (16) | 1.01 | 110.42 | -27.86 | 4.87 | 14.59 | 63.42 | 2.80 | 28.44 | 48.15 | 2.13 | 150.59 | -7.39 | 1.62 | 105.06 | -13.37 | 4.87 | 105.49 | -28.17 | 1.54 | 87.8 | -7.23 | 0.63 | 23.53 | -17.11 | 3.30 | 62.56 | 16.61 | 336.09 | -19.81 | -7.16 | 131.48 | -48.49 | 60.4 | -31.48 | 79.73 | -274.55 | 1.44 | 2.86 | 213.04 |
| 23Q2 (15) | 0.48 | -14.29 | -70.37 | 4.25 | 22.83 | -2.75 | 2.18 | 17.84 | -8.4 | 0.85 | -26.72 | -71.28 | 0.79 | 0.0 | -65.5 | 2.37 | -11.24 | -73.22 | 0.82 | -3.53 | -56.38 | 0.51 | -17.74 | -32.89 | 2.03 | 0.0 | -38.48 | 419.10 | -25.26 | 4.46 | 255.26 | 60.32 | 216.81 | -155.26 | -162.19 | -899.25 | 1.40 | 21.74 | 4.48 |
| 23Q1 (14) | 0.56 | -27.27 | -57.58 | 3.46 | -17.22 | -28.22 | 1.85 | -11.48 | 5.71 | 1.16 | -20.55 | -56.39 | 0.79 | -27.52 | -57.98 | 2.67 | -24.58 | -61.14 | 0.85 | -27.97 | -47.2 | 0.62 | -13.89 | -22.5 | 2.03 | -12.12 | -31.42 | 560.74 | 64.3 | 35.91 | 159.22 | 11.15 | 141.42 | -59.22 | -36.94 | -273.92 | 1.15 | -13.53 | -50.64 |
| 22Q4 (13) | 0.77 | -45.0 | -23.0 | 4.18 | 40.27 | -12.18 | 2.09 | 10.58 | -18.68 | 1.46 | -36.52 | -32.72 | 1.09 | -41.71 | -39.11 | 3.54 | -47.79 | -25.16 | 1.18 | -28.92 | -1.67 | 0.72 | -5.26 | 20.0 | 2.31 | -18.37 | -11.49 | 341.30 | -5.72 | 12.48 | 143.24 | 74.76 | 21.12 | -43.24 | -339.8 | -136.76 | 1.33 | 189.13 | -33.83 |
| 22Q3 (12) | 1.40 | -13.58 | 23.89 | 2.98 | -31.81 | -43.56 | 1.89 | -20.59 | -13.3 | 2.30 | -22.3 | 9.52 | 1.87 | -18.34 | 15.43 | 6.78 | -23.39 | 10.78 | 1.66 | -11.7 | 12.16 | 0.76 | 0.0 | -10.59 | 2.83 | -14.24 | 17.43 | 362.02 | -9.77 | -4.17 | 81.97 | 1.73 | -21.05 | 18.03 | -7.17 | 572.13 | 0.46 | -65.67 | -78.9 |
| 22Q2 (11) | 1.62 | 22.73 | 44.64 | 4.37 | -9.34 | -21.26 | 2.38 | 36.0 | -12.82 | 2.96 | 11.28 | 27.04 | 2.29 | 21.81 | 26.52 | 8.85 | 28.82 | 43.44 | 1.88 | 16.77 | 23.68 | 0.76 | -5.0 | -3.8 | 3.30 | 11.49 | 25.0 | 401.22 | -2.76 | 30.27 | 80.57 | 22.17 | -31.01 | 19.43 | -42.95 | 213.25 | 1.34 | -42.49 | -31.28 |
| 22Q1 (10) | 1.32 | 32.0 | 43.48 | 4.82 | 1.26 | -5.3 | 1.75 | -31.91 | -4.89 | 2.66 | 22.58 | 40.0 | 1.88 | 5.03 | 27.03 | 6.87 | 45.24 | 36.31 | 1.61 | 34.17 | 21.05 | 0.80 | 33.33 | -3.61 | 2.96 | 13.41 | 32.74 | 412.59 | 35.97 | 16.12 | 65.95 | -44.23 | -31.89 | 34.05 | 286.41 | 974.95 | 2.33 | 15.92 | -1.27 |
| 21Q4 (9) | 1.00 | -11.5 | 78.57 | 4.76 | -9.85 | 27.27 | 2.57 | 17.89 | 100.78 | 2.17 | 3.33 | 68.22 | 1.79 | 10.49 | 96.7 | 4.73 | -22.71 | 54.07 | 1.20 | -18.92 | 29.03 | 0.60 | -29.41 | -29.41 | 2.61 | 8.3 | 54.44 | 303.44 | -19.68 | 13.96 | 118.26 | 13.91 | 19.08 | -18.26 | -378.21 | -2766.67 | 2.01 | -7.8 | 28.85 |
| 21Q3 (8) | 1.13 | 0.89 | 29.89 | 5.28 | -4.86 | 31.34 | 2.18 | -20.15 | 48.3 | 2.10 | -9.87 | 22.09 | 1.62 | -10.5 | 21.8 | 6.12 | -0.81 | 28.84 | 1.48 | -2.63 | 15.62 | 0.85 | 7.59 | -1.16 | 2.41 | -8.71 | 11.57 | 377.79 | 22.67 | 13.5 | 103.82 | -11.1 | 21.85 | -3.82 | 77.73 | -126.74 | 2.18 | 11.79 | 31.33 |
| 21Q2 (7) | 1.12 | 21.74 | 77.78 | 5.55 | 9.04 | 38.75 | 2.73 | 48.37 | 95.0 | 2.33 | 22.63 | 79.23 | 1.81 | 22.3 | 60.18 | 6.17 | 22.42 | 69.04 | 1.52 | 14.29 | 42.06 | 0.79 | -4.82 | 1.28 | 2.64 | 18.39 | 44.26 | 307.98 | -13.32 | 3.19 | 116.79 | 20.61 | 8.2 | -17.15 | -641.55 | -116.13 | 1.95 | -17.37 | 0 |
| 21Q1 (6) | 0.92 | 64.29 | 95.74 | 5.09 | 36.1 | 36.83 | 1.84 | 43.75 | 42.64 | 1.90 | 47.29 | 68.14 | 1.48 | 62.64 | 60.87 | 5.04 | 64.17 | 70.85 | 1.33 | 43.01 | 25.47 | 0.83 | -2.35 | 3.75 | 2.23 | 31.95 | 21.2 | 355.31 | 33.43 | 7.54 | 96.83 | -2.5 | -15.76 | 3.17 | 362.44 | 121.18 | 2.36 | 51.28 | 37.21 |
| 20Q4 (5) | 0.56 | -35.63 | 33.33 | 3.74 | -6.97 | 10.0 | 1.28 | -12.93 | -3.76 | 1.29 | -25.0 | 43.33 | 0.91 | -31.58 | 37.88 | 3.07 | -35.37 | 15.85 | 0.93 | -27.34 | -12.26 | 0.85 | -1.16 | -14.14 | 1.69 | -21.76 | 1.2 | 266.28 | -20.0 | -2.5 | 99.32 | 16.56 | -33.14 | 0.68 | -95.21 | 101.41 | 1.56 | -6.02 | 32.2 |
| 20Q3 (4) | 0.87 | 38.1 | 0.0 | 4.02 | 0.5 | 0.0 | 1.47 | 5.0 | 0.0 | 1.72 | 32.31 | 0.0 | 1.33 | 17.7 | 0.0 | 4.75 | 30.14 | 0.0 | 1.28 | 19.63 | 0.0 | 0.86 | 10.26 | 0.0 | 2.16 | 18.03 | 0.0 | 332.84 | 11.52 | 0.0 | 85.20 | -21.06 | 0.0 | 14.29 | 280.0 | 0.0 | 1.66 | 0 | 0.0 |
| 20Q2 (3) | 0.63 | 34.04 | 0.0 | 4.00 | 7.53 | 0.0 | 1.40 | 8.53 | 0.0 | 1.30 | 15.04 | 0.0 | 1.13 | 22.83 | 0.0 | 3.65 | 23.73 | 0.0 | 1.07 | 0.94 | 0.0 | 0.78 | -2.5 | 0.0 | 1.83 | -0.54 | 0.0 | 298.46 | -9.67 | 0.0 | 107.94 | -6.1 | 0.0 | -7.94 | 46.92 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.47 | 11.9 | 0.0 | 3.72 | 9.41 | 0.0 | 1.29 | -3.01 | 0.0 | 1.13 | 25.56 | 0.0 | 0.92 | 39.39 | 0.0 | 2.95 | 11.32 | 0.0 | 1.06 | 0.0 | 0.0 | 0.80 | -19.19 | 0.0 | 1.84 | 10.18 | 0.0 | 330.40 | 20.98 | 0.0 | 114.95 | -22.61 | 0.0 | -14.95 | 69.2 | 0.0 | 1.72 | 45.76 | 0.0 |
| 19Q4 (1) | 0.42 | 0.0 | 0.0 | 3.40 | 0.0 | 0.0 | 1.33 | 0.0 | 0.0 | 0.90 | 0.0 | 0.0 | 0.66 | 0.0 | 0.0 | 2.65 | 0.0 | 0.0 | 1.06 | 0.0 | 0.0 | 0.99 | 0.0 | 0.0 | 1.67 | 0.0 | 0.0 | 273.11 | 0.0 | 0.0 | 148.54 | 0.0 | 0.0 | -48.54 | 0.0 | 0.0 | 1.18 | 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) | 2.61 | -47.9 | 4.12 | 1.48 | 2.19 | 7.88 | 0.14 | 6.51 | 1.34 | -42.74 | 1.07 | -39.89 | 12.34 | -50.38 | 5.14 | -25.07 | 2.81 | -14.59 | 2.44 | -14.39 | 281.74 | -17.45 | 163.08 | 87.5 | -63.21 | 0 | 0.01 | 120.29 | 1.31 | -2.24 |
| 2022 (9) | 5.01 | 23.7 | 4.06 | -21.77 | 2.03 | -12.5 | 0.13 | -21.0 | 2.34 | 10.38 | 1.78 | 6.59 | 24.87 | 16.21 | 6.86 | 14.33 | 3.29 | -0.9 | 2.85 | 15.38 | 341.30 | 12.48 | 86.98 | -20.27 | 13.02 | 0 | 0.00 | -62.28 | 1.34 | -37.09 |
| 2021 (8) | 4.05 | 61.35 | 5.19 | 34.11 | 2.32 | 70.59 | 0.17 | -18.33 | 2.12 | 54.74 | 1.67 | 54.63 | 21.40 | 51.77 | 6.00 | 28.21 | 3.32 | -6.48 | 2.47 | 31.38 | 303.44 | 13.96 | 109.09 | 9.66 | -9.09 | 0 | 0.01 | -46.84 | 2.13 | 26.79 |
| 2020 (7) | 2.51 | 51.2 | 3.87 | 0.26 | 1.36 | -3.55 | 0.20 | 6.91 | 1.37 | 44.21 | 1.08 | 44.0 | 14.10 | 35.06 | 4.68 | 8.08 | 3.55 | 1.14 | 1.88 | 8.05 | 266.28 | -2.5 | 99.48 | -32.91 | 0.70 | 0 | 0.02 | -34.1 | 1.68 | 7.01 |
| 2019 (6) | 1.66 | 32.8 | 3.86 | -15.54 | 1.41 | -6.0 | 0.19 | 254.47 | 0.95 | 2.15 | 0.75 | 10.29 | 10.44 | 29.05 | 4.33 | 18.31 | 3.51 | 24.03 | 1.74 | -4.4 | 273.11 | -14.48 | 148.27 | -7.88 | -48.27 | 0 | 0.04 | 38.33 | 1.57 | -16.49 |
| 2018 (5) | 1.25 | -35.57 | 4.57 | 11.74 | 1.50 | 47.06 | 0.05 | -10.96 | 0.93 | -15.45 | 0.68 | -24.44 | 8.09 | -31.27 | 3.66 | -7.34 | 2.83 | -0.7 | 1.82 | 0.55 | 319.37 | 0.01 | 160.94 | 73.4 | -60.94 | 0 | 0.03 | 0 | 1.88 | -2.59 |
| 2017 (4) | 1.94 | 7.78 | 4.09 | -10.11 | 1.02 | -25.0 | 0.06 | -6.36 | 1.10 | -1.79 | 0.90 | -2.17 | 11.77 | -1.18 | 3.95 | 5.9 | 2.85 | -6.56 | 1.81 | 16.03 | 319.34 | -20.82 | 92.82 | -23.26 | 6.90 | 0 | 0.00 | 0 | 1.93 | -6.31 |
| 2016 (3) | 1.80 | -46.11 | 4.55 | -15.9 | 1.36 | -12.82 | 0.06 | -32.09 | 1.12 | -40.43 | 0.92 | -42.86 | 11.91 | -40.0 | 3.73 | -44.33 | 3.05 | -15.28 | 1.56 | -31.58 | 403.32 | 64.3 | 120.95 | 45.46 | -20.63 | 0 | 0.00 | 0 | 2.06 | -16.6 |
| 2015 (2) | 3.34 | 7.4 | 5.41 | 0.93 | 1.56 | 0.65 | 0.09 | -12.41 | 1.88 | 13.25 | 1.61 | 19.26 | 19.85 | 16.97 | 6.70 | 17.75 | 3.60 | -1.1 | 2.28 | 12.32 | 245.48 | 3.13 | 83.15 | -11.06 | 16.85 | 159.05 | 0.00 | 0 | 2.47 | -1.59 |
| 2014 (1) | 3.11 | 50.24 | 5.36 | 0 | 1.55 | 0 | 0.11 | -20.35 | 1.66 | 0 | 1.35 | 0 | 16.97 | 0 | 5.69 | 0 | 3.64 | 10.3 | 2.03 | 32.68 | 238.03 | -6.27 | 93.50 | 20.83 | 6.50 | -71.25 | 0.00 | 0 | 2.51 | -10.04 |
