- 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) | 0.54 | -26.03 | 25.58 | 39.57 | -6.28 | -2.85 | 16.88 | -12.04 | -11.85 | 22.32 | 2.72 | -11.74 | 17.56 | 3.97 | -11.22 | 1.95 | 7.14 | -3.94 | 0.91 | 8.33 | -8.08 | 0.05 | 0.0 | 0.0 | 24.71 | 1.77 | -10.63 | 118.62 | -6.15 | 2.92 | 75.51 | -15.05 | -0.29 | 24.49 | 100.37 | 0.9 | 21.23 | 2.26 | 7.88 |
| 24Q2 (19) | 0.73 | 46.0 | 128.12 | 42.22 | 2.28 | 2.78 | 19.19 | 3.23 | -3.57 | 21.73 | -0.14 | -9.35 | 16.89 | 0.6 | -6.89 | 1.82 | 2.25 | -0.55 | 0.84 | 0.0 | -5.62 | 0.05 | 0.0 | 0.0 | 24.28 | 0.54 | -7.4 | 126.39 | 1.59 | 14.54 | 88.89 | 3.9 | 7.36 | 12.22 | -15.38 | -28.96 | 20.76 | 3.64 | 4.01 |
| 24Q1 (18) | 0.50 | -21.88 | 38.89 | 41.28 | -2.62 | 0.88 | 18.59 | -6.77 | -7.51 | 21.76 | -16.11 | -6.37 | 16.79 | -17.82 | -3.62 | 1.78 | -19.82 | -4.3 | 0.84 | -20.0 | -3.45 | 0.05 | 0.0 | 0.0 | 24.15 | -14.69 | -4.58 | 124.41 | 1.76 | 4.48 | 85.56 | 11.42 | -0.54 | 14.44 | -37.78 | 3.33 | 20.03 | 3.35 | 4.16 |
| 23Q4 (17) | 0.64 | 48.84 | 36.17 | 42.39 | 4.08 | -0.73 | 19.94 | 4.13 | -12.35 | 25.94 | 2.57 | -0.23 | 20.43 | 3.29 | 3.18 | 2.22 | 9.36 | -3.48 | 1.05 | 6.06 | 0.96 | 0.05 | 0.0 | 0.0 | 28.31 | 2.39 | 1.58 | 122.26 | 6.08 | -3.77 | 76.79 | 1.4 | -12.13 | 23.21 | -4.36 | 84.06 | 19.38 | -1.52 | 6.89 |
| 23Q3 (16) | 0.43 | 34.37 | 16.22 | 40.73 | -0.85 | -4.61 | 19.15 | -3.77 | -11.75 | 25.29 | 5.51 | 8.87 | 19.78 | 9.04 | 10.69 | 2.03 | 10.93 | 1.0 | 0.99 | 11.24 | 7.61 | 0.05 | 0.0 | 0.0 | 27.65 | 5.45 | 6.96 | 115.25 | 4.44 | -11.32 | 75.73 | -8.54 | -19.17 | 24.27 | 41.08 | 284.3 | 19.68 | -1.4 | 0.97 |
| 23Q2 (15) | 0.32 | -11.11 | -76.12 | 41.08 | 0.39 | -12.71 | 19.90 | -1.0 | -26.38 | 23.97 | 3.14 | -15.45 | 18.14 | 4.13 | -23.14 | 1.83 | -1.61 | -36.46 | 0.89 | 2.3 | -29.92 | 0.05 | 0.0 | 0.0 | 26.22 | 3.6 | -13.06 | 110.35 | -7.32 | -17.21 | 82.80 | -3.75 | -13.67 | 17.20 | 23.08 | 249.82 | 19.96 | 3.8 | 7.6 |
| 23Q1 (14) | 0.36 | -23.4 | -33.33 | 40.92 | -4.17 | -3.29 | 20.10 | -11.65 | 2.87 | 23.24 | -10.62 | 8.55 | 17.42 | -12.02 | 4.62 | 1.86 | -19.13 | -31.11 | 0.87 | -16.35 | -13.86 | 0.05 | 0.0 | -16.67 | 25.31 | -9.19 | 9.42 | 119.07 | -6.28 | -1.4 | 86.02 | -1.56 | -6.36 | 13.98 | 10.83 | 50.27 | 19.23 | 6.07 | -7.28 |
| 22Q4 (13) | 0.47 | 27.03 | -16.07 | 42.70 | 0.0 | 2.37 | 22.75 | 4.84 | 11.9 | 26.00 | 11.92 | 21.38 | 19.80 | 10.8 | 22.45 | 2.30 | 14.43 | -47.37 | 1.04 | 13.04 | -14.75 | 0.05 | 0.0 | -37.5 | 27.87 | 7.81 | 20.28 | 127.05 | -2.24 | -53.67 | 87.39 | -6.72 | -7.35 | 12.61 | 99.7 | 177.48 | 18.13 | -6.98 | -4.23 |
| 22Q3 (12) | 0.37 | -72.39 | -47.89 | 42.70 | -9.26 | 1.67 | 21.70 | -19.72 | -4.66 | 23.23 | -18.06 | -2.93 | 17.87 | -24.28 | -4.08 | 2.01 | -30.21 | -62.08 | 0.92 | -27.56 | -37.84 | 0.05 | 0.0 | -37.5 | 25.85 | -14.29 | 1.02 | 129.96 | -2.5 | -46.02 | 93.68 | -2.31 | -1.44 | 6.32 | 28.42 | 27.58 | 19.49 | 5.07 | 6.91 |
| 22Q2 (11) | 1.34 | 148.15 | 112.7 | 47.06 | 11.23 | 12.48 | 27.03 | 38.33 | 15.61 | 28.35 | 32.41 | 17.15 | 23.60 | 41.74 | 26.0 | 2.88 | 6.67 | -45.04 | 1.27 | 25.74 | -14.77 | 0.05 | -16.67 | -37.5 | 30.16 | 30.39 | 15.07 | 133.29 | 10.38 | -52.28 | 95.90 | 4.4 | -0.97 | 4.92 | -47.13 | 55.74 | 18.55 | -10.56 | -2.37 |
| 22Q1 (10) | 0.54 | -3.57 | 3.85 | 42.31 | 1.44 | 2.84 | 19.54 | -3.89 | -3.08 | 21.41 | -0.05 | -0.7 | 16.65 | 2.97 | -0.3 | 2.70 | -38.22 | -36.77 | 1.01 | -17.21 | -23.48 | 0.06 | -25.0 | -25.0 | 23.13 | -0.17 | -2.45 | 120.76 | -55.96 | -46.87 | 91.86 | -2.61 | -1.58 | 9.30 | 104.65 | 39.53 | 20.74 | 9.56 | 1.57 |
| 21Q4 (9) | 0.56 | -21.13 | 47.37 | 41.71 | -0.69 | 7.42 | 20.33 | -10.68 | 32.96 | 21.42 | -10.49 | 23.74 | 16.17 | -13.2 | 23.62 | 4.37 | -17.55 | 41.88 | 1.22 | -17.57 | 29.79 | 0.08 | 0.0 | 14.29 | 23.17 | -9.46 | 16.2 | 274.22 | 13.89 | 22.33 | 94.32 | -0.77 | 7.79 | 4.55 | -8.18 | -57.58 | 18.93 | 3.84 | -10.2 |
| 21Q3 (8) | 0.71 | 12.7 | 69.05 | 42.00 | 0.38 | 1.2 | 22.76 | -2.65 | 80.63 | 23.93 | -1.12 | 41.1 | 18.63 | -0.53 | 40.71 | 5.30 | 1.15 | 65.11 | 1.48 | -0.67 | 55.79 | 0.08 | 0.0 | 14.29 | 25.59 | -2.37 | 32.38 | 240.77 | -13.79 | 0.12 | 95.05 | -1.85 | 27.51 | 4.95 | 56.77 | -80.55 | 18.23 | -4.05 | -17.25 |
| 21Q2 (7) | 0.63 | 21.15 | 65.79 | 41.84 | 1.7 | 11.19 | 23.38 | 15.97 | 56.91 | 24.20 | 12.24 | 48.1 | 18.73 | 12.16 | 43.09 | 5.24 | 22.72 | 71.24 | 1.49 | 12.88 | 60.22 | 0.08 | 0.0 | 14.29 | 26.21 | 10.54 | 38.75 | 279.29 | 22.88 | 14.12 | 96.84 | 3.76 | 5.26 | 3.16 | -52.63 | -60.53 | 19.00 | -6.95 | 0 |
| 21Q1 (6) | 0.52 | 36.84 | 67.74 | 41.14 | 5.95 | 11.16 | 20.16 | 31.85 | 43.69 | 21.56 | 24.55 | 46.07 | 16.70 | 27.68 | 45.98 | 4.27 | 38.64 | 66.8 | 1.32 | 40.43 | 60.98 | 0.08 | 14.29 | 14.29 | 23.71 | 18.91 | 33.28 | 227.29 | 1.4 | 0.04 | 93.33 | 6.67 | -2.22 | 6.67 | -37.78 | 46.67 | 20.42 | -3.13 | 0 |
| 20Q4 (5) | 0.38 | -9.52 | 40.74 | 38.83 | -6.43 | 9.69 | 15.29 | 21.35 | 52.44 | 17.31 | 2.06 | 55.95 | 13.08 | -1.21 | 58.16 | 3.08 | -4.05 | 72.07 | 0.94 | -1.05 | 54.1 | 0.07 | 0.0 | 0.0 | 19.94 | 3.16 | 44.6 | 224.16 | -6.78 | 8.8 | 87.50 | 17.38 | -3.45 | 10.71 | -57.91 | 14.29 | 21.08 | -4.31 | -8.86 |
| 20Q3 (4) | 0.42 | 10.53 | 0.0 | 41.50 | 10.28 | 0.0 | 12.60 | -15.44 | 0.0 | 16.96 | 3.79 | 0.0 | 13.24 | 1.15 | 0.0 | 3.21 | 4.9 | 0.0 | 0.95 | 2.15 | 0.0 | 0.07 | 0.0 | 0.0 | 19.33 | 2.33 | 0.0 | 240.47 | -1.74 | 0.0 | 74.55 | -18.97 | 0.0 | 25.45 | 218.18 | 0.0 | 22.03 | 0 | 0.0 |
| 20Q2 (3) | 0.38 | 22.58 | 0.0 | 37.63 | 1.68 | 0.0 | 14.90 | 6.2 | 0.0 | 16.34 | 10.7 | 0.0 | 13.09 | 14.42 | 0.0 | 3.06 | 19.53 | 0.0 | 0.93 | 13.41 | 0.0 | 0.07 | 0.0 | 0.0 | 18.89 | 6.18 | 0.0 | 244.74 | 7.72 | 0.0 | 92.00 | -3.62 | 0.0 | 8.00 | 76.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.31 | 14.81 | 0.0 | 37.01 | 4.55 | 0.0 | 14.03 | 39.88 | 0.0 | 14.76 | 32.97 | 0.0 | 11.44 | 38.33 | 0.0 | 2.56 | 43.02 | 0.0 | 0.82 | 34.43 | 0.0 | 0.07 | 0.0 | 0.0 | 17.79 | 29.01 | 0.0 | 227.19 | 10.27 | 0.0 | 95.45 | 5.33 | 0.0 | 4.55 | -51.52 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.27 | 0.0 | 0.0 | 35.40 | 0.0 | 0.0 | 10.03 | 0.0 | 0.0 | 11.10 | 0.0 | 0.0 | 8.27 | 0.0 | 0.0 | 1.79 | 0.0 | 0.0 | 0.61 | 0.0 | 0.0 | 0.07 | 0.0 | 0.0 | 13.79 | 0.0 | 0.0 | 206.03 | 0.0 | 0.0 | 90.62 | 0.0 | 0.0 | 9.38 | 0.0 | 0.0 | 23.13 | 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) | 1.75 | -35.42 | 41.30 | -5.56 | 19.77 | -13.37 | 1.05 | -12.59 | 24.64 | -0.73 | 18.98 | -2.92 | 8.07 | -35.8 | 3.72 | -22.01 | 0.19 | -20.83 | 26.91 | 0.3 | 122.26 | -3.77 | 80.25 | -12.8 | 19.75 | 147.77 | 0.20 | 42.34 | 19.56 | 1.87 |
| 2022 (9) | 2.71 | 11.98 | 43.73 | 4.89 | 22.82 | 5.16 | 1.20 | -14.26 | 24.82 | 8.76 | 19.55 | 11.14 | 12.57 | -34.74 | 4.77 | -13.59 | 0.24 | -22.58 | 26.83 | 8.93 | 127.05 | -53.67 | 92.03 | -3.4 | 7.97 | 58.98 | 0.14 | -37.5 | 19.20 | 0.58 |
| 2021 (8) | 2.42 | 62.42 | 41.69 | 3.32 | 21.70 | 46.92 | 1.40 | -32.78 | 22.82 | 34.0 | 17.59 | 32.75 | 19.26 | 64.33 | 5.52 | 46.03 | 0.31 | 10.71 | 24.63 | 23.96 | 274.22 | 22.33 | 95.26 | 9.71 | 5.01 | -61.93 | 0.23 | -36.49 | 19.09 | -11.78 |
| 2020 (7) | 1.49 | 1141.67 | 40.35 | 2.78 | 14.77 | 45.23 | 2.08 | -27.93 | 17.03 | 60.51 | 13.25 | 87.41 | 11.72 | 120.72 | 3.78 | 96.88 | 0.28 | 3.7 | 19.87 | 35.91 | 224.16 | 8.8 | 86.83 | -9.66 | 13.17 | 239.15 | 0.36 | -28.6 | 21.64 | -13.65 |
| 2019 (6) | 0.12 | 0 | 39.26 | 20.54 | 10.17 | 0 | 2.88 | 12.94 | 10.61 | 0 | 7.07 | 0 | 5.31 | 0 | 1.92 | 0 | 0.27 | 12.5 | 14.62 | 0 | 206.03 | 30.38 | 96.12 | 2.12 | 3.88 | -24.55 | 0.51 | -42.55 | 25.06 | -31.81 |
| 2018 (5) | -3.29 | 0 | 32.57 | 13.76 | -18.24 | 0 | 2.55 | -2.28 | -19.30 | 0 | -19.36 | 0 | -10.39 | 0 | -4.50 | 0 | 0.24 | -20.0 | -13.48 | 0 | 158.02 | 54.82 | 94.12 | -8.41 | 5.15 | 0 | 0.88 | 0 | 36.75 | 2.17 |
| 2017 (4) | -4.38 | 0 | 28.63 | 1.09 | -26.49 | 0 | 2.61 | 4.97 | -25.76 | 0 | -25.67 | 0 | -14.35 | 0 | -7.77 | 0 | 0.30 | -16.67 | -15.56 | 0 | 102.07 | 47.73 | 102.76 | 45.52 | -2.76 | 0 | 0.00 | 0 | 35.97 | 22.76 |
| 2016 (3) | -8.63 | 0 | 28.32 | -15.31 | -28.37 | 0 | 2.49 | 2.19 | -40.11 | 0 | -40.36 | 0 | -22.47 | 0 | -14.41 | 0 | 0.36 | 5.88 | -32.36 | 0 | 69.09 | 58.57 | 70.62 | -28.67 | 29.11 | 2811.05 | 0.00 | 0 | 29.30 | 18.29 |
| 2015 (2) | -3.61 | 0 | 33.44 | 73.26 | -12.65 | 0 | 2.44 | -59.36 | -12.80 | 0 | -13.22 | 0 | -6.34 | 0 | -4.55 | 0 | 0.34 | 100.0 | -2.44 | 0 | 43.57 | 25.17 | 99.00 | 45.52 | 1.00 | -96.87 | 0.00 | 0 | 24.77 | -59.22 |
| 2014 (1) | -12.70 | 0 | 19.30 | 0 | -72.60 | 0 | 5.99 | -10.58 | -106.68 | 0 | -112.72 | 0 | -24.25 | 0 | -19.57 | 0 | 0.17 | 6.25 | -80.38 | 0 | 34.81 | 134.57 | 68.03 | -37.35 | 31.97 | 0 | 0.00 | 0 | 60.74 | 8.29 |
