- 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) | 0.80 | -29.2 | -45.58 | 14.98 | -17.6 | -30.42 | 1.05 | -84.16 | -85.36 | 2.89 | -35.35 | -55.12 | 2.17 | -22.22 | -50.46 | 0.92 | -28.68 | -46.51 | 0.77 | -23.76 | -33.04 | 0.25 | -10.71 | 0.0 | 8.71 | -9.74 | -14.69 | 71.96 | -1.57 | 27.32 | 37.50 | -75.0 | -66.62 | 62.50 | 228.79 | 662.5 | 13.74 | 12.62 | -3.78 |
| 24Q2 (19) | 1.13 | -33.53 | -76.56 | 18.18 | -8.96 | -27.54 | 6.63 | -12.07 | -47.17 | 4.47 | -23.72 | -69.26 | 2.79 | -39.87 | -77.11 | 1.29 | -35.18 | -77.6 | 1.01 | -27.34 | -73.49 | 0.28 | 3.7 | -9.68 | 9.65 | -4.08 | -45.54 | 73.11 | 15.86 | 34.0 | 150.00 | 17.14 | 74.06 | -48.53 | -73.02 | -451.03 | 12.20 | -6.01 | -17.23 |
| 24Q1 (18) | 1.70 | 400.0 | -59.62 | 19.97 | -0.84 | -26.55 | 7.54 | 223.61 | -44.6 | 5.86 | 145.19 | -57.69 | 4.64 | 256.92 | -57.24 | 1.99 | 410.26 | -61.06 | 1.39 | 308.82 | -60.62 | 0.27 | 42.11 | -15.62 | 10.06 | 34.13 | -40.51 | 63.10 | 9.3 | 25.77 | 128.05 | 28.05 | 29.98 | -28.05 | -745.12 | -1516.46 | 12.98 | -22.6 | 2.69 |
| 23Q4 (17) | 0.34 | -76.87 | -77.03 | 20.14 | -6.46 | -10.45 | 2.33 | -67.5 | -75.83 | 2.39 | -62.89 | -63.23 | 1.30 | -70.32 | -74.21 | 0.39 | -77.33 | -78.8 | 0.34 | -70.43 | -73.02 | 0.19 | -24.0 | -20.83 | 7.50 | -26.54 | -27.68 | 57.73 | 2.14 | 35.8 | 100.00 | -10.99 | -32.71 | 4.35 | 139.13 | 108.94 | 16.77 | 17.44 | 45.19 |
| 23Q3 (16) | 1.47 | -69.5 | -55.72 | 21.53 | -14.19 | 18.1 | 7.17 | -42.87 | -4.65 | 6.44 | -55.71 | -16.9 | 4.38 | -64.07 | -32.72 | 1.72 | -70.14 | -60.09 | 1.15 | -69.82 | -54.55 | 0.25 | -19.35 | -34.21 | 10.21 | -42.38 | 2.72 | 56.52 | 3.59 | -4.75 | 112.35 | 30.37 | 16.25 | -11.11 | -180.37 | -513.89 | 14.28 | -3.12 | 84.73 |
| 23Q2 (15) | 4.82 | 14.49 | 43.45 | 25.09 | -7.72 | 78.83 | 12.55 | -7.79 | 132.84 | 14.54 | 4.98 | 126.83 | 12.19 | 12.35 | 124.08 | 5.76 | 12.72 | 24.68 | 3.81 | 7.93 | 51.79 | 0.31 | -3.13 | -31.11 | 17.72 | 4.79 | 116.63 | 54.56 | 8.75 | -38.36 | 86.18 | -12.53 | 2.72 | 13.82 | 598.16 | -14.17 | 14.74 | 16.61 | 118.37 |
| 23Q1 (14) | 4.21 | 184.46 | -1.86 | 27.19 | 20.9 | 67.12 | 13.61 | 41.18 | 71.19 | 13.85 | 113.08 | 74.65 | 10.85 | 115.28 | 67.44 | 5.11 | 177.72 | -0.97 | 3.53 | 180.16 | 27.9 | 0.32 | 33.33 | -23.81 | 16.91 | 63.07 | 72.73 | 50.17 | 18.02 | -40.5 | 98.51 | -33.71 | -2.08 | 1.98 | 104.07 | 424.75 | 12.64 | 9.44 | 81.09 |
| 22Q4 (13) | 1.48 | -55.42 | 37.04 | 22.49 | 23.37 | 91.89 | 9.64 | 28.19 | 259.7 | 6.50 | -16.13 | 208.06 | 5.04 | -22.58 | 172.43 | 1.84 | -57.31 | 34.31 | 1.26 | -50.2 | 80.0 | 0.24 | -36.84 | -35.14 | 10.37 | 4.33 | 153.55 | 42.51 | -28.36 | -55.14 | 148.61 | 53.77 | 18.28 | -48.61 | -1910.76 | -72.35 | 11.55 | 49.42 | 73.42 |
| 22Q3 (12) | 3.32 | -1.19 | 5.06 | 18.23 | 29.94 | 32.01 | 7.52 | 39.52 | 44.62 | 7.75 | 20.9 | 49.04 | 6.51 | 19.67 | 48.97 | 4.31 | -6.71 | 5.12 | 2.53 | 0.8 | 21.63 | 0.38 | -15.56 | -19.15 | 9.94 | 21.52 | 48.36 | 59.34 | -32.96 | -46.17 | 96.64 | 15.2 | -3.36 | 2.68 | -83.33 | 0 | 7.73 | 14.52 | 35.38 |
| 22Q2 (11) | 3.36 | -21.68 | 37.14 | 14.03 | -13.77 | 4.0 | 5.39 | -32.2 | 24.48 | 6.41 | -19.17 | 21.4 | 5.44 | -16.05 | 28.3 | 4.62 | -10.47 | 47.6 | 2.51 | -9.06 | 39.44 | 0.45 | 7.14 | 7.14 | 8.18 | -16.45 | 14.89 | 88.51 | 4.97 | -0.92 | 83.89 | -16.62 | 3.25 | 16.11 | 2741.61 | -9.04 | 6.75 | -3.3 | -4.39 |
| 22Q1 (10) | 4.29 | 297.22 | 6.45 | 16.27 | 38.82 | -21.4 | 7.95 | 196.64 | -26.32 | 7.93 | 275.83 | -25.61 | 6.48 | 250.27 | -22.86 | 5.16 | 276.64 | 1.18 | 2.76 | 294.29 | -11.25 | 0.42 | 13.51 | 13.51 | 9.79 | 139.36 | -23.63 | 84.32 | -11.02 | 30.99 | 100.61 | -19.92 | -0.63 | -0.61 | 97.84 | 51.22 | 6.98 | 4.8 | -15.39 |
| 21Q4 (9) | 1.08 | -65.82 | -55.74 | 11.72 | -15.13 | -50.86 | 2.68 | -48.46 | -73.2 | 2.11 | -59.42 | -76.24 | 1.85 | -57.67 | -69.62 | 1.37 | -66.59 | -57.45 | 0.70 | -66.35 | -63.92 | 0.37 | -21.28 | 19.35 | 4.09 | -38.96 | -64.68 | 94.76 | -14.03 | 42.82 | 125.64 | 25.64 | 11.68 | -28.21 | 0 | -125.64 | 6.66 | 16.64 | -36.02 |
| 21Q3 (8) | 3.16 | 28.98 | -48.7 | 13.81 | 2.37 | -44.63 | 5.20 | 20.09 | -65.72 | 5.20 | -1.52 | -63.17 | 4.37 | 3.07 | -62.9 | 4.10 | 30.99 | -51.93 | 2.08 | 15.56 | -58.57 | 0.47 | 11.9 | 11.9 | 6.70 | -5.9 | -58.72 | 110.23 | 23.4 | 56.35 | 100.00 | 23.08 | -7.23 | 0.00 | -100.0 | 100.0 | 5.71 | -19.12 | -23.05 |
| 21Q2 (7) | 2.45 | -39.21 | 55.06 | 13.49 | -34.83 | -25.06 | 4.33 | -59.87 | -26.86 | 5.28 | -50.47 | -15.11 | 4.24 | -49.52 | -9.4 | 3.13 | -38.63 | 44.91 | 1.80 | -42.12 | 37.4 | 0.42 | 13.51 | 55.56 | 7.12 | -44.46 | -25.76 | 89.33 | 38.78 | 25.13 | 81.25 | -19.75 | -14.88 | 17.71 | 1516.67 | 289.58 | 7.06 | -14.42 | -8.43 |
| 21Q1 (6) | 4.03 | 65.16 | 31.7 | 20.70 | -13.21 | 9.93 | 10.79 | 7.9 | 31.27 | 10.66 | 20.05 | 18.71 | 8.40 | 37.93 | 24.08 | 5.10 | 58.39 | 26.55 | 3.11 | 60.31 | 28.51 | 0.37 | 19.35 | 5.71 | 12.82 | 10.71 | 11.97 | 64.37 | -2.98 | -6.47 | 101.25 | -10.0 | 10.77 | -1.25 | 90.0 | -114.55 | 8.25 | -20.75 | 0.0 |
| 20Q4 (5) | 2.44 | -60.39 | 162.37 | 23.85 | -4.37 | 41.12 | 10.00 | -34.08 | 125.23 | 8.88 | -37.11 | 216.01 | 6.09 | -48.3 | 262.5 | 3.22 | -62.25 | 153.54 | 1.94 | -61.35 | 155.26 | 0.31 | -26.19 | -20.51 | 11.58 | -28.65 | 133.0 | 66.35 | -5.89 | -8.01 | 112.50 | 4.37 | -28.26 | -12.50 | -69.85 | 78.0 | 10.41 | 40.3 | 16.18 |
| 20Q3 (4) | 6.16 | 289.87 | 0.0 | 24.94 | 38.56 | 0.0 | 15.17 | 156.25 | 0.0 | 14.12 | 127.01 | 0.0 | 11.78 | 151.71 | 0.0 | 8.53 | 294.91 | 0.0 | 5.02 | 283.21 | 0.0 | 0.42 | 55.56 | 0.0 | 16.23 | 69.24 | 0.0 | 70.50 | -1.25 | 0.0 | 107.79 | 12.93 | 0.0 | -7.36 | -261.9 | 0.0 | 7.42 | -3.76 | 0.0 |
| 20Q2 (3) | 1.58 | -48.37 | 0.0 | 18.00 | -4.41 | 0.0 | 5.92 | -27.98 | 0.0 | 6.22 | -30.73 | 0.0 | 4.68 | -30.87 | 0.0 | 2.16 | -46.4 | 0.0 | 1.31 | -45.87 | 0.0 | 0.27 | -22.86 | 0.0 | 9.59 | -16.24 | 0.0 | 71.39 | 3.73 | 0.0 | 95.45 | 4.43 | 0.0 | 4.55 | -47.11 | 0.0 | 7.71 | -6.55 | 0.0 |
| 20Q1 (2) | 3.06 | 229.03 | 0.0 | 18.83 | 11.42 | 0.0 | 8.22 | 85.14 | 0.0 | 8.98 | 219.57 | 0.0 | 6.77 | 302.98 | 0.0 | 4.03 | 217.32 | 0.0 | 2.42 | 218.42 | 0.0 | 0.35 | -10.26 | 0.0 | 11.45 | 130.38 | 0.0 | 68.82 | -4.59 | 0.0 | 91.41 | -41.71 | 0.0 | 8.59 | 115.12 | 0.0 | 8.25 | -7.92 | 0.0 |
| 19Q4 (1) | 0.93 | 0.0 | 0.0 | 16.90 | 0.0 | 0.0 | 4.44 | 0.0 | 0.0 | 2.81 | 0.0 | 0.0 | 1.68 | 0.0 | 0.0 | 1.27 | 0.0 | 0.0 | 0.76 | 0.0 | 0.0 | 0.39 | 0.0 | 0.0 | 4.97 | 0.0 | 0.0 | 72.13 | 0.0 | 0.0 | 156.82 | 0.0 | 0.0 | -56.82 | 0.0 | 0.0 | 8.96 | 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) | 10.82 | -7.84 | 23.89 | 40.53 | 9.62 | 31.96 | 3.39 | 62.63 | 10.10 | 40.47 | 7.87 | 32.27 | 13.20 | -17.6 | 8.99 | -8.36 | 1.12 | -30.86 | 13.75 | 46.12 | 57.73 | 35.8 | 95.23 | -6.18 | 4.58 | 0 | 1.18 | 0 | 14.41 | 85.22 |
| 2022 (9) | 11.74 | 9.51 | 17.00 | 16.28 | 7.29 | 32.55 | 2.09 | 18.15 | 7.19 | 29.32 | 5.95 | 31.35 | 16.02 | 16.93 | 9.81 | 27.57 | 1.62 | -2.99 | 9.41 | 26.99 | 42.51 | -55.14 | 101.50 | 2.74 | -1.31 | 0 | 0.00 | 0 | 7.78 | 14.58 |
| 2021 (8) | 10.72 | -19.09 | 14.62 | -32.63 | 5.50 | -46.6 | 1.77 | -28.44 | 5.56 | -44.23 | 4.53 | -41.32 | 13.70 | -21.71 | 7.69 | -26.69 | 1.67 | 24.63 | 7.41 | -41.1 | 94.76 | 42.82 | 98.79 | -4.24 | 1.21 | 0 | 0.02 | 0 | 6.79 | -19.07 |
| 2020 (7) | 13.25 | -4.81 | 21.70 | 25.14 | 10.30 | 37.33 | 2.47 | 74.61 | 9.97 | 41.02 | 7.72 | 46.49 | 17.50 | -26.1 | 10.49 | -12.8 | 1.34 | -37.96 | 12.58 | 42.15 | 66.35 | -8.01 | 103.16 | -2.82 | -3.35 | 0 | 0.00 | 0 | 8.39 | 25.04 |
| 2019 (6) | 13.92 | 21.57 | 17.34 | 13.19 | 7.50 | 29.09 | 1.41 | 13.27 | 7.07 | 18.43 | 5.27 | 15.57 | 23.68 | -21.67 | 12.03 | 6.74 | 2.16 | -8.47 | 8.85 | 18.47 | 72.13 | -63.09 | 106.15 | 9.01 | -6.15 | 0 | 0.00 | 0 | 6.71 | 11.65 |
| 2018 (5) | 11.45 | 1.6 | 15.32 | -16.83 | 5.81 | -20.41 | 1.25 | -21.46 | 5.97 | -23.36 | 4.56 | -22.45 | 30.23 | -4.76 | 11.27 | -4.25 | 2.36 | 22.28 | 7.47 | -22.59 | 195.44 | 19.94 | 97.38 | 3.73 | 2.62 | -59.21 | 0.00 | 0 | 6.01 | -13.4 |
| 2017 (4) | 11.27 | 36.61 | 18.42 | 10.43 | 7.30 | 19.87 | 1.59 | -5.42 | 7.79 | 27.5 | 5.88 | 25.37 | 31.74 | 0 | 11.77 | 0 | 1.93 | 0 | 9.65 | 15.57 | 162.95 | -17.25 | 93.88 | -5.74 | 6.41 | 1484.26 | 0.00 | 0 | 6.94 | -6.85 |
| 2016 (3) | 8.25 | 0 | 16.68 | 0 | 6.09 | 0 | 1.68 | 0 | 6.11 | 0 | 4.69 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 8.35 | 0 | 196.93 | 0 | 99.60 | 0 | 0.40 | 0 | 0.00 | 0 | 7.45 | 0 |
