- 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) | 0.69 | 4.55 | -46.09 | 28.56 | 7.81 | 1.75 | 11.67 | 26.16 | -7.53 | 10.60 | 0.19 | -34.0 | 8.51 | 7.31 | -33.72 | 1.89 | 17.39 | -42.02 | 1.57 | 18.05 | -40.75 | 0.18 | 5.88 | -14.29 | 12.28 | 2.25 | -28.35 | 19.92 | -9.29 | -26.6 | 109.86 | 23.84 | 39.48 | -9.86 | -176.41 | -146.42 | 9.58 | 0.1 | -10.63 |
| 24Q2 (19) | 0.66 | 4.76 | -4.35 | 26.49 | 1.03 | 1.88 | 9.25 | 4.52 | -7.04 | 10.58 | -1.12 | -12.42 | 7.93 | -7.14 | 10.14 | 1.61 | 3.21 | 3.87 | 1.33 | 3.91 | 2.31 | 0.17 | 13.33 | -5.56 | 12.01 | -1.64 | -8.88 | 21.96 | 10.46 | 17.81 | 88.71 | 7.99 | 8.59 | 12.90 | -27.74 | -23.66 | 9.57 | -16.27 | -6.08 |
| 24Q1 (18) | 0.63 | 28.57 | -8.7 | 26.22 | 1.16 | 8.98 | 8.85 | -13.15 | -10.88 | 10.70 | 27.99 | 21.73 | 8.54 | 40.69 | 21.13 | 1.56 | 26.83 | -0.64 | 1.28 | 30.61 | 1.59 | 0.15 | -6.25 | -16.67 | 12.21 | 26.01 | 23.58 | 19.88 | -15.26 | -4.38 | 82.14 | -33.17 | -27.6 | 17.86 | 177.92 | 232.65 | 11.43 | 25.33 | 28.28 |
| 23Q4 (17) | 0.49 | -61.72 | 0.0 | 25.92 | -7.66 | -3.86 | 10.19 | -19.26 | -6.68 | 8.36 | -47.95 | 0.72 | 6.07 | -52.73 | 12.41 | 1.23 | -62.27 | 8.85 | 0.98 | -63.02 | 11.36 | 0.16 | -23.81 | 0.0 | 9.69 | -43.47 | 2.0 | 23.46 | -13.56 | -16.9 | 122.92 | 56.06 | -7.31 | -22.92 | -207.9 | 29.72 | 9.12 | -14.93 | -2.36 |
| 23Q3 (16) | 1.28 | 85.51 | -25.15 | 28.07 | 7.96 | -11.28 | 12.62 | 26.83 | 2.19 | 16.06 | 32.95 | -28.59 | 12.84 | 78.33 | -31.99 | 3.26 | 110.32 | -19.51 | 2.65 | 103.85 | -13.68 | 0.21 | 16.67 | 31.25 | 17.14 | 30.05 | -27.37 | 27.14 | 45.6 | -9.71 | 78.76 | -3.59 | 42.68 | 21.24 | 25.66 | -52.59 | 10.72 | 5.2 | -17.6 |
| 23Q2 (15) | 0.69 | 0.0 | -71.25 | 26.00 | 8.06 | -21.38 | 9.95 | 0.2 | -37.34 | 12.08 | 37.43 | -55.26 | 7.20 | 2.13 | -64.02 | 1.55 | -1.27 | -73.95 | 1.30 | 3.17 | -70.92 | 0.18 | 0.0 | -18.18 | 13.18 | 33.4 | -52.4 | 18.64 | -10.34 | -45.32 | 81.69 | -28.0 | 39.44 | 16.90 | 225.55 | -59.19 | 10.19 | 14.37 | -19.38 |
| 23Q1 (14) | 0.69 | 40.82 | -72.18 | 24.06 | -10.76 | -22.93 | 9.93 | -9.07 | -41.03 | 8.79 | 5.9 | -64.27 | 7.05 | 30.56 | -64.36 | 1.57 | 38.94 | -75.66 | 1.26 | 43.18 | -73.91 | 0.18 | 12.5 | -25.0 | 9.88 | 4.0 | -60.93 | 20.79 | -26.35 | -34.85 | 113.46 | -14.44 | 66.23 | -13.46 | 58.72 | -142.4 | 8.91 | -4.6 | -22.52 |
| 22Q4 (13) | 0.49 | -71.35 | -68.99 | 26.96 | -14.79 | -11.95 | 10.92 | -11.58 | -37.02 | 8.30 | -63.09 | -49.48 | 5.40 | -71.4 | -59.31 | 1.13 | -72.1 | -73.47 | 0.88 | -71.34 | -72.59 | 0.16 | 0.0 | -33.33 | 9.50 | -59.75 | -44.74 | 28.23 | -6.09 | -20.61 | 132.61 | 140.23 | 25.24 | -32.61 | -172.79 | -454.35 | 9.34 | -28.21 | -4.3 |
| 22Q3 (12) | 1.71 | -28.75 | 23.91 | 31.64 | -4.32 | 7.99 | 12.35 | -22.23 | -17.61 | 22.49 | -16.7 | 38.83 | 18.88 | -5.65 | 55.01 | 4.05 | -31.93 | 5.74 | 3.07 | -31.32 | 2.33 | 0.16 | -27.27 | -36.0 | 23.60 | -14.77 | 38.82 | 30.06 | -11.82 | 1.21 | 55.20 | -5.78 | -40.02 | 44.80 | 8.18 | 532.8 | 13.01 | 2.93 | 28.81 |
| 22Q2 (11) | 2.40 | -3.23 | 77.78 | 33.07 | 5.93 | 11.99 | 15.88 | -5.7 | 4.27 | 27.00 | 9.76 | 80.84 | 20.01 | 1.16 | 67.03 | 5.95 | -7.75 | 54.55 | 4.47 | -7.45 | 45.6 | 0.22 | -8.33 | -15.38 | 27.69 | 9.49 | 75.59 | 34.09 | 6.83 | 33.32 | 58.59 | -14.16 | -42.53 | 41.41 | 30.45 | 2232.83 | 12.64 | 9.91 | 26.65 |
| 22Q1 (10) | 2.48 | 56.96 | 68.71 | 31.22 | 1.96 | 8.4 | 16.84 | -2.88 | 10.64 | 24.60 | 49.73 | 63.02 | 19.78 | 49.06 | 63.74 | 6.45 | 51.41 | 47.94 | 4.83 | 50.47 | 36.83 | 0.24 | 0.0 | -17.24 | 25.29 | 47.12 | 60.06 | 31.91 | -10.26 | 25.88 | 68.25 | -35.54 | -32.34 | 31.75 | 639.68 | 3687.3 | 11.50 | 17.83 | 14.54 |
| 21Q4 (9) | 1.58 | 14.49 | 77.53 | 30.62 | 4.51 | 34.65 | 17.34 | 15.68 | 84.27 | 16.43 | 1.42 | 68.17 | 13.27 | 8.95 | 65.26 | 4.26 | 11.23 | 56.04 | 3.21 | 7.0 | 45.25 | 0.24 | -4.0 | -11.11 | 17.19 | 1.12 | 62.17 | 35.56 | 19.73 | 60.83 | 105.88 | 15.05 | 9.19 | -5.88 | -183.09 | -294.12 | 9.76 | -3.37 | 3.06 |
| 21Q3 (8) | 1.38 | 2.22 | 46.81 | 29.30 | -0.78 | 7.96 | 14.99 | -1.58 | 18.4 | 16.20 | 8.51 | 47.14 | 12.18 | 1.67 | 38.41 | 3.83 | -0.52 | 28.96 | 3.00 | -2.28 | 28.76 | 0.25 | -3.85 | -3.85 | 17.00 | 7.8 | 42.74 | 29.70 | 16.15 | 14.76 | 92.04 | -9.72 | -20.16 | 7.08 | 464.6 | 146.34 | 10.10 | 1.2 | 6.88 |
| 21Q2 (7) | 1.35 | -8.16 | 75.32 | 29.53 | 2.53 | 11.02 | 15.23 | 0.07 | 24.33 | 14.93 | -1.06 | 45.09 | 11.98 | -0.83 | 62.99 | 3.85 | -11.7 | 56.5 | 3.07 | -13.03 | 60.73 | 0.26 | -10.34 | 0.0 | 15.77 | -0.19 | 40.43 | 25.57 | 0.87 | -14.94 | 101.94 | 1.05 | -14.83 | -1.94 | -119.42 | 90.14 | 9.98 | -0.6 | 0 |
| 21Q1 (6) | 1.47 | 65.17 | 241.86 | 28.80 | 26.65 | 31.69 | 15.22 | 61.74 | 148.29 | 15.09 | 54.45 | 128.64 | 12.08 | 50.44 | 129.22 | 4.36 | 59.71 | 213.67 | 3.53 | 59.73 | 226.85 | 0.29 | 7.41 | 38.1 | 15.80 | 49.06 | 104.66 | 25.35 | 14.65 | -8.68 | 100.88 | 4.04 | 7.39 | -0.88 | -129.2 | -114.6 | 10.04 | 6.02 | 0 |
| 20Q4 (5) | 0.89 | -5.32 | 147.22 | 22.74 | -16.21 | 6.66 | 9.41 | -25.67 | 83.43 | 9.77 | -11.26 | 146.72 | 8.03 | -8.75 | 155.73 | 2.73 | -8.08 | 135.34 | 2.21 | -5.15 | 156.98 | 0.27 | 3.85 | 0.0 | 10.60 | -11.0 | 124.1 | 22.11 | -14.57 | -25.33 | 96.97 | -15.88 | -24.58 | 3.03 | 119.83 | 110.61 | 9.47 | 0.21 | -27.88 |
| 20Q3 (4) | 0.94 | 22.08 | 0.0 | 27.14 | 2.03 | 0.0 | 12.66 | 3.35 | 0.0 | 11.01 | 7.0 | 0.0 | 8.80 | 19.73 | 0.0 | 2.97 | 20.73 | 0.0 | 2.33 | 21.99 | 0.0 | 0.26 | 0.0 | 0.0 | 11.91 | 6.06 | 0.0 | 25.88 | -13.91 | 0.0 | 115.28 | -3.69 | 0.0 | -15.28 | 22.44 | 0.0 | 9.45 | 0 | 0.0 |
| 20Q2 (3) | 0.77 | 79.07 | 0.0 | 26.60 | 21.63 | 0.0 | 12.25 | 99.84 | 0.0 | 10.29 | 55.91 | 0.0 | 7.35 | 39.47 | 0.0 | 2.46 | 76.98 | 0.0 | 1.91 | 76.85 | 0.0 | 0.26 | 23.81 | 0.0 | 11.23 | 45.47 | 0.0 | 30.06 | 8.29 | 0.0 | 119.70 | 27.42 | 0.0 | -19.70 | -425.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.43 | 19.44 | 0.0 | 21.87 | 2.58 | 0.0 | 6.13 | 19.49 | 0.0 | 6.60 | 66.67 | 0.0 | 5.27 | 67.83 | 0.0 | 1.39 | 19.83 | 0.0 | 1.08 | 25.58 | 0.0 | 0.21 | -22.22 | 0.0 | 7.72 | 63.21 | 0.0 | 27.76 | -6.25 | 0.0 | 93.94 | -26.94 | 0.0 | 6.06 | 121.21 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.36 | 0.0 | 0.0 | 21.32 | 0.0 | 0.0 | 5.13 | 0.0 | 0.0 | 3.96 | 0.0 | 0.0 | 3.14 | 0.0 | 0.0 | 1.16 | 0.0 | 0.0 | 0.86 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 4.73 | 0.0 | 0.0 | 29.61 | 0.0 | 0.0 | 128.57 | 0.0 | 0.0 | -28.57 | 0.0 | 0.0 | 13.13 | 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) | 2.95 | -58.33 | 26.10 | -15.59 | 10.76 | -25.02 | 1.14 | 29.05 | 11.55 | -45.9 | 8.51 | -48.7 | 7.58 | -56.39 | 6.03 | -54.35 | 0.71 | -11.25 | 12.74 | -42.69 | 23.46 | -16.9 | 92.98 | 38.36 | 6.67 | -79.67 | 0.00 | 0 | 9.78 | -16.27 |
| 2022 (9) | 7.08 | 22.49 | 30.92 | 4.6 | 14.35 | -8.66 | 0.88 | 19.83 | 21.35 | 36.33 | 16.59 | 34.01 | 17.38 | 6.36 | 13.21 | 4.51 | 0.80 | -21.57 | 22.23 | 35.55 | 28.23 | -20.61 | 67.20 | -32.95 | 32.80 | 0 | 0.00 | 0 | 11.68 | 17.15 |
| 2021 (8) | 5.78 | 90.13 | 29.56 | 19.58 | 15.71 | 51.93 | 0.73 | -17.2 | 15.66 | 63.3 | 12.38 | 65.07 | 16.34 | 72.18 | 12.64 | 67.42 | 1.02 | 0.99 | 16.40 | 56.49 | 35.56 | 60.83 | 100.22 | -6.82 | -0.22 | 0 | 0.00 | 0 | 9.97 | 2.05 |
| 2020 (7) | 3.04 | -4.1 | 24.72 | 10.46 | 10.34 | 15.66 | 0.89 | 46.53 | 9.59 | 7.63 | 7.50 | 8.54 | 9.49 | -10.72 | 7.55 | -5.03 | 1.01 | -12.17 | 10.48 | 9.39 | 22.11 | -25.33 | 107.56 | 7.13 | -7.98 | 0 | 0.00 | 0 | 9.77 | 7.96 |
| 2019 (6) | 3.17 | 26.8 | 22.38 | 0.27 | 8.94 | 30.89 | 0.61 | 21.64 | 8.91 | 10.96 | 6.91 | 8.65 | 10.63 | 16.94 | 7.95 | 22.5 | 1.15 | 12.75 | 9.58 | 11.53 | 29.61 | -23.63 | 100.40 | 18.05 | -0.40 | 0 | 0.00 | 0 | 9.05 | -7.65 |
| 2018 (5) | 2.50 | 65.56 | 22.32 | 9.9 | 6.83 | 39.67 | 0.50 | 9.23 | 8.03 | 92.11 | 6.36 | 66.49 | 9.09 | 55.65 | 6.49 | 59.85 | 1.02 | -0.97 | 8.59 | 78.59 | 38.77 | -8.41 | 85.05 | -27.2 | 14.95 | 0 | 0.04 | 0 | 9.80 | 12.26 |
| 2017 (4) | 1.51 | 37.27 | 20.31 | 12.09 | 4.89 | 72.79 | 0.46 | -28.19 | 4.18 | 59.54 | 3.82 | 33.57 | 5.84 | 29.49 | 4.06 | 31.39 | 1.03 | 6.19 | 4.81 | 32.14 | 42.33 | -24.18 | 116.83 | 8.11 | -16.83 | 0 | 0.00 | 0 | 8.73 | 1.04 |
| 2016 (3) | 1.10 | 0 | 18.12 | 6.9 | 2.83 | 0 | 0.63 | -14.38 | 2.62 | 0 | 2.86 | 0 | 4.51 | 0 | 3.09 | 0 | 0.97 | 14.12 | 3.64 | 0 | 55.83 | -18.21 | 108.06 | -9.23 | -8.06 | 0 | 0.00 | 0 | 8.64 | -10.93 |
| 2015 (2) | -0.44 | 0 | 16.95 | -0.41 | -1.24 | 0 | 0.74 | 34.88 | -1.03 | 0 | -1.33 | 0 | -1.82 | 0 | -0.95 | 0 | 0.85 | -18.27 | 0.00 | 0 | 68.26 | 26.1 | 119.05 | 2757.14 | -19.05 | 0 | 0.00 | 0 | 9.70 | 1.46 |
| 2014 (1) | 0.25 | -43.18 | 17.02 | 0 | 0.06 | 0 | 0.55 | -1.73 | 1.01 | 0 | 0.61 | 0 | 0.97 | 0 | 0.85 | 0 | 1.04 | 0.0 | 1.99 | -30.9 | 54.13 | 3.66 | 4.17 | -87.5 | 91.67 | 37.5 | 0.00 | 0 | 9.56 | 0.84 |
