- 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) | 1.22 | 67.12 | 28.42 | 3.25 | -13.1 | -10.96 | 1.50 | -15.73 | -5.06 | 0.99 | -10.81 | -1.98 | 0.80 | 0.0 | -8.05 | 2.36 | 27.57 | 20.41 | 1.00 | 5.26 | 4.17 | 0.67 | 13.56 | 9.84 | 1.98 | -12.39 | -3.41 | 369.79 | 19.08 | 32.66 | 151.62 | -5.24 | -2.91 | -51.62 | 13.97 | 8.09 | 1.03 | -5.5 | -8.85 |
| 24Q2 (19) | 0.73 | -37.07 | -35.96 | 3.74 | 0.27 | -3.61 | 1.78 | -0.56 | 13.38 | 1.11 | -14.62 | -51.74 | 0.80 | -25.93 | -46.31 | 1.85 | -17.41 | -35.54 | 0.95 | -8.65 | -22.13 | 0.59 | 5.36 | 7.27 | 2.26 | -7.0 | -33.72 | 310.55 | 15.18 | 18.01 | 160.00 | 16.65 | 133.64 | -60.00 | -61.48 | -290.36 | 1.09 | -12.1 | -12.8 |
| 24Q1 (18) | 1.16 | -44.5 | 182.93 | 3.73 | -0.27 | -3.87 | 1.79 | 8.48 | 33.58 | 1.30 | -39.25 | 116.67 | 1.08 | -44.33 | 125.0 | 2.24 | -46.28 | 163.53 | 1.04 | -35.0 | 60.0 | 0.56 | -1.75 | 16.67 | 2.43 | -28.11 | 29.95 | 269.62 | -0.66 | 10.73 | 137.16 | 77.72 | -38.81 | -37.16 | -262.8 | 70.07 | 1.24 | 9.73 | -16.22 |
| 23Q4 (17) | 2.09 | 120.0 | 148.81 | 3.74 | 2.47 | 0.0 | 1.65 | 4.43 | -7.3 | 2.14 | 111.88 | 125.26 | 1.94 | 122.99 | 142.5 | 4.17 | 112.76 | 145.29 | 1.60 | 66.67 | 88.24 | 0.57 | -6.56 | 9.62 | 3.38 | 64.88 | 59.43 | 271.40 | -2.63 | -5.12 | 77.18 | -50.58 | -58.86 | 22.82 | 140.64 | 126.04 | 1.13 | 0.0 | 0.0 |
| 23Q3 (16) | 0.95 | -16.67 | -42.07 | 3.65 | -5.93 | -3.18 | 1.58 | 0.64 | -15.51 | 1.01 | -56.09 | -41.28 | 0.87 | -41.61 | -40.41 | 1.96 | -31.71 | -43.35 | 0.96 | -21.31 | -14.29 | 0.61 | 10.91 | 10.91 | 2.05 | -39.88 | -20.85 | 278.74 | 5.92 | -13.64 | 156.16 | 128.04 | 43.3 | -56.16 | -278.19 | -525.86 | 1.13 | -9.6 | 1.8 |
| 23Q2 (15) | 1.14 | 178.05 | -23.49 | 3.88 | 0.0 | 0.0 | 1.57 | 17.16 | -17.37 | 2.30 | 283.33 | 27.07 | 1.49 | 210.42 | 2.05 | 2.87 | 237.65 | -23.87 | 1.22 | 87.69 | 10.91 | 0.55 | 14.58 | -8.33 | 3.41 | 82.35 | 42.68 | 263.15 | 8.07 | -23.57 | 68.48 | -69.45 | -34.77 | 31.52 | 125.39 | 733.2 | 1.25 | -15.54 | 3.31 |
| 23Q1 (14) | 0.41 | -51.19 | -80.0 | 3.88 | 3.74 | 0.52 | 1.34 | -24.72 | -33.33 | 0.60 | -36.84 | -69.85 | 0.48 | -40.0 | -71.08 | 0.85 | -50.0 | -81.8 | 0.65 | -23.53 | -50.38 | 0.48 | -7.69 | -30.43 | 1.87 | -11.79 | -22.41 | 243.50 | -14.87 | -22.52 | 224.13 | 19.48 | 121.64 | -124.13 | -41.61 | -10691.9 | 1.48 | 30.97 | 16.54 |
| 22Q4 (13) | 0.84 | -48.78 | -47.83 | 3.74 | -0.8 | 3.89 | 1.78 | -4.81 | 8.54 | 0.95 | -44.77 | -43.11 | 0.80 | -45.21 | -41.61 | 1.70 | -50.87 | -56.41 | 0.85 | -24.11 | -22.02 | 0.52 | -5.45 | -23.53 | 2.12 | -18.15 | 0.95 | 286.04 | -11.37 | -5.9 | 187.60 | 72.15 | 91.2 | -87.66 | -876.79 | -4745.8 | 1.13 | 1.8 | -4.24 |
| 22Q3 (12) | 1.64 | 10.07 | -13.68 | 3.77 | -2.84 | -4.07 | 1.87 | -1.58 | -3.11 | 1.72 | -4.97 | -10.42 | 1.46 | 0.0 | -8.75 | 3.46 | -8.22 | -27.46 | 1.12 | 1.82 | -8.94 | 0.55 | -8.33 | -19.12 | 2.59 | 8.37 | 12.12 | 322.75 | -6.26 | -3.69 | 108.97 | 3.81 | 8.19 | -8.97 | -80.28 | -1140.97 | 1.11 | -8.26 | -24.49 |
| 22Q2 (11) | 1.49 | -27.32 | -10.24 | 3.88 | 0.52 | -3.24 | 1.90 | -5.47 | 4.4 | 1.81 | -9.05 | -9.05 | 1.46 | -12.05 | -9.88 | 3.77 | -19.27 | -21.46 | 1.10 | -16.03 | -14.73 | 0.60 | -13.04 | -15.49 | 2.39 | -0.83 | 1.27 | 344.32 | 9.57 | 0.5 | 104.98 | 3.81 | 14.84 | -4.98 | -332.75 | -157.99 | 1.21 | -4.72 | -18.79 |
| 22Q1 (10) | 2.05 | 27.33 | 42.36 | 3.86 | 7.22 | 4.04 | 2.01 | 22.56 | 18.93 | 1.99 | 19.16 | 18.45 | 1.66 | 21.17 | 19.42 | 4.67 | 19.74 | 27.95 | 1.31 | 20.18 | 18.02 | 0.69 | 1.47 | -1.43 | 2.41 | 14.76 | 16.99 | 314.26 | 3.38 | 5.7 | 101.13 | 3.07 | 0.92 | -1.15 | -160.96 | -471.29 | 1.27 | 7.63 | 5.83 |
| 21Q4 (9) | 1.61 | -15.26 | 29.84 | 3.60 | -8.4 | 0.0 | 1.64 | -15.03 | 3.14 | 1.67 | -13.02 | 6.37 | 1.37 | -14.37 | 3.01 | 3.90 | -18.24 | 20.37 | 1.09 | -11.38 | 4.81 | 0.68 | 0.0 | 0.0 | 2.10 | -9.09 | 6.06 | 303.98 | -9.29 | 19.45 | 98.11 | -2.59 | -2.94 | 1.89 | 360.92 | 274.56 | 1.18 | -19.73 | -7.81 |
| 21Q3 (8) | 1.90 | 14.46 | 41.79 | 3.93 | -2.0 | 8.56 | 1.93 | 6.04 | 19.14 | 1.92 | -3.52 | 16.36 | 1.60 | -1.23 | 19.4 | 4.77 | -0.63 | 32.87 | 1.23 | -4.65 | 10.81 | 0.68 | -4.23 | -5.56 | 2.31 | -2.12 | 14.36 | 335.10 | -2.19 | 26.22 | 100.72 | 10.18 | 2.48 | -0.72 | -108.42 | -142.29 | 1.47 | -1.34 | 14.84 |
| 21Q2 (7) | 1.66 | 15.28 | 39.5 | 4.01 | 8.09 | 2.04 | 1.82 | 7.69 | 5.81 | 1.99 | 18.45 | 15.7 | 1.62 | 16.55 | 13.29 | 4.80 | 31.51 | 44.58 | 1.29 | 16.22 | 24.04 | 0.71 | 1.43 | 16.39 | 2.36 | 14.56 | 8.26 | 342.62 | 15.24 | 22.68 | 91.42 | -8.77 | -8.51 | 8.58 | 4363.55 | 10956.63 | 1.49 | 24.17 | 0 |
| 21Q1 (6) | 1.44 | 16.13 | 45.45 | 3.71 | 3.06 | -7.71 | 1.69 | 6.29 | 1.2 | 1.68 | 7.01 | 9.8 | 1.39 | 4.51 | 9.45 | 3.65 | 12.65 | 42.02 | 1.11 | 6.73 | 24.72 | 0.70 | 2.94 | 27.27 | 2.06 | 4.04 | -3.29 | 297.32 | 16.83 | 6.96 | 100.20 | -0.87 | -8.26 | -0.20 | 81.37 | 97.83 | 1.20 | -6.25 | 0 |
| 20Q4 (5) | 1.24 | -7.46 | 20.39 | 3.60 | -0.55 | -9.32 | 1.59 | -1.85 | -8.09 | 1.57 | -4.85 | 8.28 | 1.33 | -0.75 | 10.83 | 3.24 | -9.75 | 19.56 | 1.04 | -6.31 | 5.05 | 0.68 | -5.56 | 4.62 | 1.98 | -1.98 | 0.0 | 254.49 | -4.14 | -2.16 | 101.08 | 2.84 | -14.88 | -1.08 | -163.21 | 94.23 | 1.28 | 0.0 | 0 |
| 20Q3 (4) | 1.34 | 12.61 | 0.0 | 3.62 | -7.89 | 0.0 | 1.62 | -5.81 | 0.0 | 1.65 | -4.07 | 0.0 | 1.34 | -6.29 | 0.0 | 3.59 | 8.13 | 0.0 | 1.11 | 6.73 | 0.0 | 0.72 | 18.03 | 0.0 | 2.02 | -7.34 | 0.0 | 265.48 | -4.94 | 0.0 | 98.29 | -1.63 | 0.0 | 1.71 | 2102.49 | 0.0 | 1.28 | 0 | 0.0 |
| 20Q2 (3) | 1.19 | 20.2 | 0.0 | 3.93 | -2.24 | 0.0 | 1.72 | 2.99 | 0.0 | 1.72 | 12.42 | 0.0 | 1.43 | 12.6 | 0.0 | 3.32 | 29.18 | 0.0 | 1.04 | 16.85 | 0.0 | 0.61 | 10.91 | 0.0 | 2.18 | 2.35 | 0.0 | 279.29 | 0.47 | 0.0 | 99.92 | -8.51 | 0.0 | 0.08 | 100.84 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.99 | -3.88 | 0.0 | 4.02 | 1.26 | 0.0 | 1.67 | -3.47 | 0.0 | 1.53 | 5.52 | 0.0 | 1.27 | 5.83 | 0.0 | 2.57 | -5.17 | 0.0 | 0.89 | -10.1 | 0.0 | 0.55 | -15.38 | 0.0 | 2.13 | 7.58 | 0.0 | 277.97 | 6.87 | 0.0 | 109.22 | -8.02 | 0.0 | -9.27 | 50.53 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 1.03 | 0.0 | 0.0 | 3.97 | 0.0 | 0.0 | 1.73 | 0.0 | 0.0 | 1.45 | 0.0 | 0.0 | 1.20 | 0.0 | 0.0 | 2.71 | 0.0 | 0.0 | 0.99 | 0.0 | 0.0 | 0.65 | 0.0 | 0.0 | 1.98 | 0.0 | 0.0 | 260.10 | 0.0 | 0.0 | 118.74 | 0.0 | 0.0 | -18.74 | 0.0 | 0.0 | 0.00 | 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) | 4.59 | -23.75 | 3.78 | -1.05 | 1.55 | -18.42 | 0.15 | 24.66 | 1.53 | -6.71 | 1.22 | -10.29 | 9.84 | -28.75 | 4.30 | -9.66 | 2.13 | -17.12 | 2.69 | 13.03 | 271.40 | -5.12 | 101.10 | -12.59 | -1.10 | 0 | 1.74 | 6.43 | 1.23 | 4.24 |
| 2022 (9) | 6.02 | -8.93 | 3.82 | 0.26 | 1.90 | 7.34 | 0.12 | 4.23 | 1.64 | -9.89 | 1.36 | -9.33 | 13.81 | -18.67 | 4.76 | -6.67 | 2.57 | -13.76 | 2.38 | 7.69 | 286.04 | -5.9 | 115.66 | 18.77 | -15.66 | 0 | 1.64 | -9.7 | 1.18 | -11.94 |
| 2021 (8) | 6.61 | 38.57 | 3.81 | 0.79 | 1.77 | 7.27 | 0.12 | -7.94 | 1.82 | 12.35 | 1.50 | 11.94 | 16.98 | 34.55 | 5.10 | 21.43 | 2.98 | 13.31 | 2.21 | 6.76 | 303.98 | 19.45 | 97.38 | -4.19 | 2.62 | 0 | 1.81 | -25.02 | 1.34 | 0.0 |
| 2020 (7) | 4.77 | 24.22 | 3.78 | -11.06 | 1.65 | -10.33 | 0.13 | -8.59 | 1.62 | 4.52 | 1.34 | 8.94 | 12.62 | 15.25 | 4.20 | 6.87 | 2.63 | 6.48 | 2.07 | -3.27 | 254.49 | -2.16 | 101.64 | -14.32 | -1.64 | 0 | 2.42 | 0.09 | 1.34 | -10.67 |
| 2019 (6) | 3.84 | -9.0 | 4.25 | -1.85 | 1.84 | -5.15 | 0.14 | 246.32 | 1.55 | -8.28 | 1.23 | -10.87 | 10.95 | -22.12 | 3.93 | -22.49 | 2.47 | -15.12 | 2.14 | -2.28 | 260.10 | 0.96 | 118.62 | 3.19 | -18.62 | 0 | 2.42 | -14.87 | 1.50 | 3.45 |
| 2018 (5) | 4.22 | 2.93 | 4.33 | 4.09 | 1.94 | 3.74 | 0.04 | 1.93 | 1.69 | 1.2 | 1.38 | 0.0 | 14.06 | -2.29 | 5.07 | 2.01 | 2.91 | -2.35 | 2.19 | 6.31 | 257.62 | 5.92 | 114.95 | 2.56 | -14.94 | 0 | 2.84 | -8.94 | 1.45 | 2.11 |
| 2017 (4) | 4.10 | 28.93 | 4.16 | -1.19 | 1.87 | 25.5 | 0.04 | -12.31 | 1.67 | 33.6 | 1.38 | 38.0 | 14.39 | 32.63 | 4.97 | 33.96 | 2.98 | -0.67 | 2.06 | 29.56 | 243.23 | -4.9 | 112.08 | -6.02 | -12.08 | 0 | 3.12 | 0 | 1.42 | 10.08 |
| 2016 (3) | 3.18 | -2.75 | 4.21 | 1.2 | 1.49 | -9.15 | 0.04 | -4.38 | 1.25 | -10.07 | 1.00 | -4.76 | 10.85 | -6.79 | 3.71 | -5.36 | 3.00 | -1.32 | 1.59 | -8.62 | 255.77 | -5.47 | 119.26 | 0.67 | -19.26 | 0 | 0.00 | 0 | 1.29 | -6.52 |
| 2015 (2) | 3.27 | -6.84 | 4.16 | -8.17 | 1.64 | -6.82 | 0.05 | -12.6 | 1.39 | -11.46 | 1.05 | -17.97 | 11.64 | -14.85 | 3.92 | -15.15 | 3.04 | -0.65 | 1.74 | -9.37 | 270.57 | 5.94 | 118.47 | 6.01 | -18.47 | 0 | 0.00 | 0 | 1.38 | -19.3 |
| 2014 (1) | 3.51 | 22.3 | 4.53 | 0 | 1.76 | 0 | 0.05 | -7.91 | 1.57 | 0 | 1.28 | 0 | 13.67 | 0 | 4.62 | 0 | 3.06 | -4.08 | 1.92 | 10.34 | 255.40 | 7.18 | 111.75 | 3.17 | -11.75 | 0 | 0.00 | 0 | 1.71 | -1.72 |
