- 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) | 0.64 | -43.36 | -16.88 | 97.69 | 2.1 | 1.3 | 12.77 | -8.0 | 402.76 | 13.51 | -31.46 | -17.47 | 10.81 | -42.93 | -18.04 | 2.29 | -40.83 | -17.03 | 1.54 | -40.08 | -24.88 | 0.14 | 7.69 | -6.67 | 17.67 | -24.55 | -9.15 | 46.44 | -27.99 | 77.86 | 93.02 | 31.08 | 537.87 | 4.65 | -83.98 | -94.55 | 43.52 | 3.18 | -19.03 |
| 24Q2 (19) | 1.13 | -35.43 | -28.48 | 95.68 | -2.45 | -0.95 | 13.88 | -28.49 | -39.78 | 19.71 | -32.73 | -32.2 | 18.94 | -18.57 | -25.93 | 3.87 | -31.26 | -28.07 | 2.57 | -38.07 | -37.62 | 0.13 | -27.78 | -18.75 | 23.42 | -26.68 | -28.14 | 64.49 | 40.23 | 47.78 | 70.97 | 7.41 | -10.3 | 29.03 | -14.43 | 39.05 | 42.18 | 12.84 | -1.36 |
| 24Q1 (18) | 1.75 | 113.41 | 56.25 | 98.08 | 9.03 | 1.02 | 19.41 | 6.77 | 10.16 | 29.30 | 113.87 | 61.79 | 23.26 | 111.84 | 64.15 | 5.63 | 98.94 | 61.32 | 4.15 | 86.1 | 45.61 | 0.18 | -10.0 | -10.0 | 31.94 | 39.54 | 56.03 | 45.99 | 66.81 | 139.91 | 66.07 | -50.21 | -31.96 | 33.93 | 203.78 | 1070.54 | 37.38 | 32.93 | 3.37 |
| 23Q4 (17) | 0.82 | 6.49 | -50.3 | 89.96 | -6.72 | -5.08 | 18.18 | 615.75 | -31.19 | 13.70 | -16.31 | -41.85 | 10.98 | -16.76 | -49.14 | 2.83 | 2.54 | -47.59 | 2.23 | 8.78 | -47.9 | 0.20 | 33.33 | 0.0 | 22.89 | 17.69 | -11.35 | 27.57 | 5.59 | 3.18 | 132.69 | 809.89 | 19.01 | -32.69 | -138.27 | -158.57 | 28.12 | -47.68 | -21.12 |
| 23Q3 (16) | 0.77 | -51.27 | -56.74 | 96.44 | -0.17 | 16.91 | 2.54 | -88.98 | -83.98 | 16.37 | -43.69 | -42.09 | 13.19 | -48.42 | -41.38 | 2.76 | -48.7 | -55.19 | 2.05 | -50.24 | -54.65 | 0.15 | -6.25 | -25.0 | 19.45 | -40.32 | -37.36 | 26.11 | -40.17 | 0.77 | 14.58 | -81.57 | -73.75 | 85.42 | 309.1 | 96.28 | 53.75 | 25.7 | 55.21 |
| 23Q2 (15) | 1.58 | 41.07 | -33.89 | 96.60 | -0.5 | 0.52 | 23.05 | 30.82 | -22.73 | 29.07 | 60.52 | -14.47 | 25.57 | 80.45 | -4.94 | 5.38 | 54.15 | -33.66 | 4.12 | 44.56 | -30.99 | 0.16 | -20.0 | -27.27 | 32.59 | 59.21 | -10.22 | 43.64 | 127.65 | -8.49 | 79.12 | -18.52 | -9.67 | 20.88 | 620.33 | 68.19 | 42.76 | 18.25 | 33.04 |
| 23Q1 (14) | 1.12 | -32.12 | 23.08 | 97.09 | 2.45 | 1.04 | 17.62 | -33.31 | 112.8 | 18.11 | -23.13 | 30.1 | 14.17 | -34.37 | 32.31 | 3.49 | -35.37 | 17.11 | 2.85 | -33.41 | 22.84 | 0.20 | 0.0 | -9.09 | 20.47 | -20.72 | 28.5 | 19.17 | -28.26 | -24.14 | 97.10 | -12.91 | 62.79 | 2.90 | 122.92 | -92.82 | 36.16 | 1.43 | 23.79 |
| 22Q4 (13) | 1.65 | -7.3 | 70.1 | 94.77 | 14.89 | -1.17 | 26.42 | 66.58 | 158.01 | 23.56 | -16.66 | 116.35 | 21.59 | -4.04 | 81.12 | 5.40 | -12.34 | 63.14 | 4.28 | -5.31 | 68.5 | 0.20 | 0.0 | -4.76 | 25.82 | -16.84 | 102.35 | 26.72 | 3.13 | -16.26 | 111.49 | 100.69 | 19.86 | -12.64 | -129.05 | -281.23 | 35.65 | 2.95 | 9.26 |
| 22Q3 (12) | 1.78 | -25.52 | -16.82 | 82.49 | -14.16 | -12.39 | 15.86 | -46.83 | -39.97 | 28.27 | -16.83 | 3.82 | 22.50 | -16.36 | 3.69 | 6.16 | -24.04 | -13.24 | 4.52 | -24.29 | -19.43 | 0.20 | -9.09 | -23.08 | 31.05 | -14.46 | 7.44 | 25.91 | -45.67 | -8.22 | 55.56 | -36.57 | -42.67 | 43.52 | 250.57 | 1303.47 | 34.63 | 7.75 | 27.88 |
| 22Q2 (11) | 2.39 | 162.64 | 31.32 | 96.10 | 0.01 | -1.22 | 29.83 | 260.27 | 13.34 | 33.99 | 144.18 | 39.08 | 26.90 | 151.17 | 34.77 | 8.11 | 172.15 | 45.6 | 5.97 | 157.33 | 34.46 | 0.22 | 0.0 | 0.0 | 36.30 | 127.87 | 38.87 | 47.69 | 88.72 | 89.47 | 87.59 | 46.84 | -18.78 | 12.41 | -69.24 | 258.28 | 32.14 | 10.03 | 15.32 |
| 22Q1 (10) | 0.91 | -6.19 | -26.61 | 96.09 | 0.21 | 2.14 | 8.28 | -19.14 | -51.52 | 13.92 | 27.82 | -19.95 | 10.71 | -10.15 | -21.82 | 2.98 | -9.97 | -26.42 | 2.32 | -8.66 | -27.5 | 0.22 | 4.76 | -4.35 | 15.93 | 24.84 | -23.3 | 25.27 | -20.81 | -2.09 | 59.65 | -35.88 | -39.51 | 40.35 | 478.36 | 2805.26 | 29.21 | -10.48 | 4.1 |
| 21Q4 (9) | 0.97 | -54.67 | -39.75 | 95.89 | 1.84 | -0.3 | 10.24 | -61.24 | -59.76 | 10.89 | -60.01 | -56.34 | 11.92 | -45.07 | -40.87 | 3.31 | -53.38 | -41.73 | 2.54 | -54.72 | -43.05 | 0.21 | -19.23 | -4.55 | 12.76 | -55.85 | -52.48 | 31.91 | 13.04 | 14.7 | 93.02 | -4.0 | -8.98 | 6.98 | 125.0 | 417.44 | 32.63 | 20.49 | 9.72 |
| 21Q3 (8) | 2.14 | 17.58 | 7.0 | 94.16 | -3.22 | 1.57 | 26.42 | 0.38 | -8.07 | 27.23 | 11.42 | -13.53 | 21.70 | 8.72 | -12.82 | 7.10 | 27.47 | -5.33 | 5.61 | 26.35 | 2.0 | 0.26 | 18.18 | 18.18 | 28.90 | 10.56 | -17.14 | 28.23 | 12.16 | 4.48 | 96.90 | -10.15 | 6.04 | 3.10 | 139.53 | -64.03 | 27.08 | -2.83 | -13.23 |
| 21Q2 (7) | 1.82 | 46.77 | 7.69 | 97.29 | 3.41 | 2.87 | 26.32 | 54.1 | 38.24 | 24.44 | 40.54 | 14.74 | 19.96 | 45.69 | 12.83 | 5.57 | 37.53 | -13.78 | 4.44 | 38.75 | -6.13 | 0.22 | -4.35 | -18.52 | 26.14 | 25.85 | 12.33 | 25.17 | -2.48 | -45.77 | 107.84 | 9.36 | 20.84 | -7.84 | -664.71 | -172.94 | 27.87 | -0.68 | 0 |
| 21Q1 (6) | 1.24 | -22.98 | 25.25 | 94.08 | -2.18 | -0.41 | 17.08 | -32.89 | 26.61 | 17.39 | -30.27 | 48.13 | 13.70 | -32.04 | 27.8 | 4.05 | -28.7 | 17.39 | 3.20 | -28.25 | 16.36 | 0.23 | 4.55 | -11.54 | 20.77 | -22.64 | 50.07 | 25.81 | -7.23 | -4.27 | 98.61 | -3.51 | -14.66 | 1.39 | 163.19 | 108.93 | 28.06 | -5.65 | 0 |
| 20Q4 (5) | 1.61 | -19.5 | -3.59 | 96.18 | 3.75 | 6.19 | 25.45 | -11.45 | 0.0 | 24.94 | -20.8 | -0.36 | 20.16 | -19.0 | -8.94 | 5.68 | -24.27 | -5.65 | 4.46 | -18.91 | -6.69 | 0.22 | 0.0 | 0.0 | 26.85 | -23.02 | -1.14 | 27.82 | 2.96 | 16.84 | 102.20 | 11.84 | -0.36 | -2.20 | -125.49 | -71.43 | 29.74 | -4.71 | -6.27 |
| 20Q3 (4) | 2.00 | 18.34 | 0.0 | 92.70 | -1.99 | 0.0 | 28.74 | 50.95 | 0.0 | 31.49 | 47.84 | 0.0 | 24.89 | 40.7 | 0.0 | 7.50 | 16.1 | 0.0 | 5.50 | 16.28 | 0.0 | 0.22 | -18.52 | 0.0 | 34.88 | 49.89 | 0.0 | 27.02 | -41.78 | 0.0 | 91.38 | 2.39 | 0.0 | 8.62 | -19.83 | 0.0 | 31.21 | 0 | 0.0 |
| 20Q2 (3) | 1.69 | 70.71 | 0.0 | 94.58 | 0.12 | 0.0 | 19.04 | 41.14 | 0.0 | 21.30 | 81.43 | 0.0 | 17.69 | 65.02 | 0.0 | 6.46 | 87.25 | 0.0 | 4.73 | 72.0 | 0.0 | 0.27 | 3.85 | 0.0 | 23.27 | 68.14 | 0.0 | 46.41 | 72.14 | 0.0 | 89.25 | -22.77 | 0.0 | 10.75 | 169.12 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.99 | -40.72 | 0.0 | 94.47 | 4.31 | 0.0 | 13.49 | -46.99 | 0.0 | 11.74 | -53.1 | 0.0 | 10.72 | -51.58 | 0.0 | 3.45 | -42.69 | 0.0 | 2.75 | -42.47 | 0.0 | 0.26 | 18.18 | 0.0 | 13.84 | -49.04 | 0.0 | 26.96 | 13.23 | 0.0 | 115.56 | 12.67 | 0.0 | -15.56 | -1113.33 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 1.67 | 0.0 | 0.0 | 90.57 | 0.0 | 0.0 | 25.45 | 0.0 | 0.0 | 25.03 | 0.0 | 0.0 | 22.14 | 0.0 | 0.0 | 6.02 | 0.0 | 0.0 | 4.78 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 27.16 | 0.0 | 0.0 | 23.81 | 0.0 | 0.0 | 102.56 | 0.0 | 0.0 | -1.28 | 0.0 | 0.0 | 31.73 | 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 | -36.9 | 94.86 | 2.53 | 15.78 | -21.57 | 1.24 | 23.12 | 19.02 | -23.98 | 15.68 | -23.29 | 14.07 | -35.46 | 11.08 | -34.36 | 0.71 | -14.46 | 23.77 | -13.06 | 27.57 | 3.18 | 83.08 | 3.13 | 16.92 | -14.08 | 1.12 | -49.91 | 39.21 | 19.54 |
| 2022 (9) | 6.72 | 11.81 | 92.52 | -2.93 | 20.12 | -1.28 | 1.01 | 22.51 | 25.02 | 22.83 | 20.44 | 19.81 | 21.80 | 4.96 | 16.88 | 5.5 | 0.83 | -11.7 | 27.34 | 21.19 | 26.72 | -16.26 | 80.56 | -19.44 | 19.70 | 0 | 2.24 | 23.11 | 32.80 | 13.89 |
| 2021 (8) | 6.01 | -3.06 | 95.31 | 0.88 | 20.38 | -5.12 | 0.82 | -1.69 | 20.37 | -8.28 | 17.06 | -6.52 | 20.77 | -7.77 | 16.00 | -10.56 | 0.94 | -4.08 | 22.56 | -7.99 | 31.91 | 14.7 | 100.00 | 3.3 | 0.00 | 0 | 1.82 | -8.69 | 28.80 | 3.71 |
| 2020 (7) | 6.20 | 28.9 | 94.48 | 4.2 | 21.48 | 12.99 | 0.84 | -31.23 | 22.21 | 6.32 | 18.25 | 5.31 | 22.52 | 32.39 | 17.89 | 30.58 | 0.98 | 24.05 | 24.52 | 3.85 | 27.82 | 16.84 | 96.80 | 6.57 | 3.20 | -65.12 | 2.00 | 12.12 | 27.77 | -15.54 |
| 2019 (6) | 4.81 | 4.11 | 90.67 | 3.17 | 19.01 | 2.92 | 1.22 | 360.57 | 20.89 | -0.85 | 17.33 | 3.09 | 17.01 | 0.0 | 13.70 | 0.74 | 0.79 | -2.47 | 23.61 | 3.28 | 23.81 | -4.61 | 90.83 | 3.87 | 9.17 | -24.45 | 1.78 | 11.96 | 32.88 | 2.75 |
| 2018 (5) | 4.62 | 0.22 | 87.88 | -2.25 | 18.47 | -8.43 | 0.26 | -47.63 | 21.07 | 3.54 | 16.81 | -2.49 | 17.01 | 4.16 | 13.60 | 2.95 | 0.81 | 5.19 | 22.86 | -5.42 | 24.96 | -0.72 | 87.45 | -11.67 | 12.13 | 1119.46 | 1.59 | 0 | 32.00 | -5.52 |
| 2017 (4) | 4.61 | 16.71 | 89.90 | -2.75 | 20.17 | 7.57 | 0.51 | -22.85 | 20.35 | -4.91 | 17.24 | -1.43 | 16.33 | 13.4 | 13.21 | 8.37 | 0.77 | 10.0 | 24.17 | -9.17 | 25.14 | 14.07 | 99.00 | 12.85 | 1.00 | -91.89 | 0.00 | 0 | 33.87 | -11.77 |
| 2016 (3) | 3.95 | 0 | 92.44 | -2.3 | 18.75 | 0 | 0.66 | -47.41 | 21.40 | 0 | 17.49 | 0 | 14.40 | 0 | 12.19 | 0 | 0.70 | 7.69 | 26.61 | 850.36 | 22.04 | 64.72 | 87.73 | -29.82 | 12.27 | 0 | 0.00 | 0 | 38.39 | -10.03 |
| 2015 (2) | -0.83 | 0 | 94.62 | 4.96 | -4.75 | 0 | 1.25 | -34.49 | -3.72 | 0 | -4.86 | 0 | -3.57 | 0 | -3.15 | 0 | 0.65 | -8.45 | 2.80 | -71.77 | 13.38 | -1.25 | 125.00 | 500.0 | -29.17 | 0 | 0.00 | 0 | 42.67 | -1.86 |
| 2014 (1) | 0.18 | -81.05 | 90.15 | 0 | 0.65 | 0 | 1.90 | -27.99 | 3.20 | 0 | 0.84 | 0 | 0.68 | 0 | 0.60 | 0 | 0.71 | 1.43 | 9.92 | -36.9 | 13.55 | -10.03 | 20.83 | -75.63 | 79.17 | 445.37 | 0.00 | 0 | 43.48 | -3.03 |
