- 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) | 0.27 | -34.15 | -63.01 | 20.52 | -1.87 | -4.29 | 3.85 | -52.82 | -58.02 | 4.36 | -32.61 | -52.45 | 3.23 | -32.43 | -43.33 | 0.51 | -34.62 | -65.31 | 0.44 | -32.31 | -61.4 | 0.12 | -7.69 | -36.84 | 8.19 | -19.86 | -29.27 | 28.69 | -0.66 | -18.1 | 88.37 | -30.18 | -11.63 | 11.63 | 143.78 | 0 | 13.50 | 50.84 | 62.85 |
| 24Q2 (19) | 0.41 | 64.0 | -57.73 | 20.91 | 9.19 | -11.77 | 8.16 | 16.41 | -39.82 | 6.47 | -4.99 | -51.32 | 4.78 | 16.02 | -45.5 | 0.78 | 59.18 | -60.0 | 0.65 | 47.73 | -58.06 | 0.13 | 30.0 | -23.53 | 10.22 | -15.12 | -36.24 | 28.88 | 13.52 | -10.31 | 126.56 | 24.03 | 24.38 | -26.56 | -1201.56 | -1414.06 | 8.95 | -29.75 | 1.94 |
| 24Q1 (18) | 0.25 | -79.34 | -54.55 | 19.15 | -13.66 | -7.4 | 7.01 | -47.01 | -46.2 | 6.81 | -52.41 | -43.81 | 4.12 | -57.17 | -47.52 | 0.49 | -79.24 | -54.63 | 0.44 | -76.22 | -49.43 | 0.10 | -47.37 | -9.09 | 12.04 | -28.25 | -26.41 | 25.44 | 6.62 | 3.04 | 102.04 | 10.5 | -4.76 | -2.04 | -126.66 | 71.43 | 12.74 | 40.0 | 14.36 |
| 23Q4 (17) | 1.21 | 65.75 | -1.63 | 22.18 | 3.45 | -6.1 | 13.23 | 44.27 | -7.68 | 14.31 | 56.05 | -2.52 | 9.62 | 68.77 | -5.41 | 2.36 | 60.54 | -4.45 | 1.85 | 62.28 | -3.14 | 0.19 | 0.0 | 0.0 | 16.78 | 44.91 | 3.01 | 23.86 | -31.89 | -18.4 | 92.34 | -7.66 | -5.36 | 7.66 | 0 | 215.41 | 9.10 | 9.77 | 11.52 |
| 23Q3 (16) | 0.73 | -24.74 | -41.13 | 21.44 | -9.54 | -4.96 | 9.17 | -32.37 | -35.33 | 9.17 | -31.0 | -36.28 | 5.70 | -35.01 | -40.69 | 1.47 | -24.62 | -41.9 | 1.14 | -26.45 | -41.54 | 0.19 | 11.76 | -5.0 | 11.58 | -27.76 | -25.48 | 35.03 | 8.79 | 8.45 | 100.00 | -1.72 | 1.42 | 0.00 | 100.0 | -100.0 | 8.29 | -5.58 | -3.27 |
| 23Q2 (15) | 0.97 | 76.36 | 22.78 | 23.70 | 14.6 | 11.32 | 13.56 | 4.07 | 23.38 | 13.29 | 9.65 | 11.59 | 8.77 | 11.72 | 17.72 | 1.95 | 80.56 | 20.37 | 1.55 | 78.16 | 18.32 | 0.17 | 54.55 | 0.0 | 16.03 | -2.02 | 19.9 | 32.20 | 30.42 | 7.26 | 101.75 | -5.03 | 10.05 | -1.75 | 75.44 | -123.29 | 8.78 | -21.18 | -3.94 |
| 23Q1 (14) | 0.55 | -55.28 | -6.78 | 20.68 | -12.45 | -0.43 | 13.03 | -9.07 | 20.09 | 12.12 | -17.44 | 12.43 | 7.85 | -22.81 | 17.34 | 1.08 | -56.28 | -12.2 | 0.87 | -54.45 | -11.22 | 0.11 | -42.11 | -21.43 | 16.36 | 0.43 | 30.78 | 24.69 | -15.56 | 10.37 | 107.14 | 9.81 | 6.17 | -7.14 | -394.29 | -678.57 | 11.14 | 36.52 | 19.66 |
| 22Q4 (13) | 1.23 | -0.81 | 17.14 | 23.62 | 4.7 | 27.74 | 14.33 | 1.06 | 24.07 | 14.68 | 2.02 | 26.44 | 10.17 | 5.83 | 27.12 | 2.47 | -2.37 | 8.33 | 1.91 | -2.05 | 10.4 | 0.19 | -5.0 | -9.52 | 16.29 | 4.83 | 27.97 | 29.24 | -9.47 | -9.02 | 97.57 | -1.05 | -1.87 | 2.43 | 73.95 | 327.18 | 8.16 | -4.78 | 6.81 |
| 22Q3 (12) | 1.24 | 56.96 | 16.98 | 22.56 | 5.97 | 22.61 | 14.18 | 29.03 | 20.27 | 14.39 | 20.82 | 19.12 | 9.61 | 28.99 | 15.92 | 2.53 | 56.17 | 6.3 | 1.95 | 48.85 | 8.33 | 0.20 | 17.65 | -9.09 | 15.54 | 16.23 | 16.75 | 32.30 | 7.59 | -6.43 | 98.60 | 6.64 | 1.42 | 1.40 | -81.48 | -37.21 | 8.57 | -6.24 | 4.0 |
| 22Q2 (11) | 0.79 | 33.9 | 36.21 | 21.29 | 2.5 | 13.61 | 10.99 | 1.29 | 25.74 | 11.91 | 10.48 | 34.12 | 7.45 | 11.36 | 21.34 | 1.62 | 31.71 | 23.66 | 1.31 | 33.67 | 25.96 | 0.17 | 21.43 | 0.0 | 13.37 | 6.87 | 26.73 | 30.02 | 34.2 | -8.25 | 92.47 | -8.37 | -5.61 | 7.53 | 921.23 | 269.18 | 9.14 | -1.83 | -0.11 |
| 22Q1 (10) | 0.59 | -43.81 | 34.09 | 20.77 | 12.33 | -2.81 | 10.85 | -6.06 | 26.6 | 10.78 | -7.15 | 28.03 | 6.69 | -16.37 | 18.62 | 1.23 | -46.05 | 26.8 | 0.98 | -43.35 | 25.64 | 0.14 | -33.33 | 7.69 | 12.51 | -1.73 | 19.37 | 22.37 | -30.4 | -7.9 | 100.92 | 1.49 | -0.39 | -0.92 | -261.47 | 30.28 | 9.31 | 21.86 | -7.46 |
| 21Q4 (9) | 1.05 | -0.94 | 38.16 | 18.49 | 0.49 | -15.53 | 11.55 | -2.04 | 9.9 | 11.61 | -3.89 | 16.22 | 8.00 | -3.5 | 23.65 | 2.28 | -4.2 | 31.79 | 1.73 | -3.89 | 32.06 | 0.21 | -4.55 | 5.0 | 12.73 | -4.36 | 10.7 | 32.14 | -6.89 | 2.13 | 99.43 | 2.27 | -5.44 | 0.57 | -74.43 | 111.04 | 7.64 | -7.28 | 4.8 |
| 21Q3 (8) | 1.06 | 82.76 | 20.45 | 18.40 | -1.81 | -12.92 | 11.79 | 34.9 | 17.2 | 12.08 | 36.04 | 13.96 | 8.29 | 35.02 | 15.46 | 2.38 | 81.68 | 14.42 | 1.80 | 73.08 | 14.65 | 0.22 | 29.41 | 0.0 | 13.31 | 26.16 | 11.1 | 34.52 | 5.5 | -9.92 | 97.22 | -0.75 | 1.98 | 2.22 | 8.89 | -58.33 | 8.24 | -9.95 | 0 |
| 21Q2 (7) | 0.58 | 31.82 | -36.96 | 18.74 | -12.31 | -9.21 | 8.74 | 1.98 | -43.9 | 8.88 | 5.46 | -44.67 | 6.14 | 8.87 | -40.16 | 1.31 | 35.05 | -39.91 | 1.04 | 33.33 | -39.53 | 0.17 | 30.77 | 0.0 | 10.55 | 0.67 | -40.5 | 32.72 | 34.71 | 4.77 | 97.96 | -3.31 | 0.98 | 2.04 | 255.1 | -31.84 | 9.15 | -9.05 | 0 |
| 21Q1 (6) | 0.44 | -42.11 | 229.41 | 21.37 | -2.38 | 29.67 | 8.57 | -18.46 | 195.33 | 8.42 | -15.72 | 190.15 | 5.64 | -12.83 | 181.62 | 0.97 | -43.93 | 224.36 | 0.78 | -40.46 | 236.84 | 0.13 | -35.0 | 44.44 | 10.48 | -8.87 | 268.49 | 24.29 | -22.82 | -6.83 | 101.32 | -3.64 | 5.29 | -1.32 | 74.44 | -134.87 | 10.06 | 38.0 | -28.9 |
| 20Q4 (5) | 0.76 | -13.64 | -19.15 | 21.89 | 3.6 | 0.97 | 10.51 | 4.47 | -10.63 | 9.99 | -5.75 | -18.25 | 6.47 | -9.89 | -23.07 | 1.73 | -16.83 | -20.64 | 1.31 | -16.56 | -18.63 | 0.20 | -9.09 | 5.26 | 11.50 | -4.01 | -15.38 | 31.47 | -17.88 | -8.04 | 105.15 | 10.29 | 9.27 | -5.15 | -196.51 | -236.4 | 7.29 | 0 | 0 |
| 20Q3 (4) | 0.88 | -4.35 | 0.0 | 21.13 | 2.37 | 0.0 | 10.06 | -35.43 | 0.0 | 10.60 | -33.96 | 0.0 | 7.18 | -30.02 | 0.0 | 2.08 | -4.59 | 0.0 | 1.57 | -8.72 | 0.0 | 0.22 | 29.41 | 0.0 | 11.98 | -32.43 | 0.0 | 38.32 | 22.7 | 0.0 | 95.33 | -1.72 | 0.0 | 5.33 | 78.13 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q2 (3) | 0.92 | 370.59 | 0.0 | 20.64 | 25.24 | 0.0 | 15.58 | 273.3 | 0.0 | 16.05 | 271.84 | 0.0 | 10.26 | 248.48 | 0.0 | 2.18 | 379.49 | 0.0 | 1.72 | 401.75 | 0.0 | 0.17 | 88.89 | 0.0 | 17.73 | 385.05 | 0.0 | 31.23 | 19.79 | 0.0 | 97.01 | 0.81 | 0.0 | 2.99 | -20.66 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.34 | -136.17 | 0.0 | 16.48 | -23.99 | 0.0 | -8.99 | -176.45 | 0.0 | -9.34 | -176.43 | 0.0 | -6.91 | -182.16 | 0.0 | -0.78 | -135.78 | 0.0 | -0.57 | -135.4 | 0.0 | 0.09 | -52.63 | 0.0 | -6.22 | -145.77 | 0.0 | 26.07 | -23.82 | 0.0 | 96.23 | 0.0 | 0.0 | 3.77 | 0.0 | 0.0 | 14.15 | 0 | 0.0 |
| 19Q4 (1) | 0.94 | 0.0 | 0.0 | 21.68 | 0.0 | 0.0 | 11.76 | 0.0 | 0.0 | 12.22 | 0.0 | 0.0 | 8.41 | 0.0 | 0.0 | 2.18 | 0.0 | 0.0 | 1.61 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 13.59 | 0.0 | 0.0 | 34.22 | 0.0 | 0.0 | 96.23 | 0.0 | 0.0 | 3.77 | 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) | 3.46 | -9.9 | 22.28 | 0.41 | 12.26 | -4.22 | 2.56 | 93.24 | 12.18 | -7.52 | 7.96 | -8.19 | 6.83 | -14.09 | 5.53 | -10.23 | 0.68 | -2.86 | 14.98 | 2.53 | 23.86 | -18.4 | 100.65 | 3.56 | -0.65 | 0 | 0.00 | 0 | 9.10 | 4.12 |
| 2022 (9) | 3.84 | 22.68 | 22.19 | 16.61 | 12.80 | 22.25 | 1.32 | 1.77 | 13.17 | 24.6 | 8.67 | 19.59 | 7.95 | 16.23 | 6.16 | 16.89 | 0.70 | -2.78 | 14.61 | 21.55 | 29.24 | -9.02 | 97.19 | -1.88 | 2.81 | 196.93 | 0.00 | 0 | 8.74 | 1.86 |
| 2021 (8) | 3.13 | 40.99 | 19.03 | -7.85 | 10.47 | 15.44 | 1.30 | -16.17 | 10.57 | 15.65 | 7.25 | 23.3 | 6.84 | 36.25 | 5.27 | 36.18 | 0.72 | 12.5 | 12.02 | 10.68 | 32.14 | 2.13 | 99.05 | 0.05 | 0.95 | 26.34 | 0.00 | 0 | 8.58 | -7.74 |
| 2020 (7) | 2.22 | -31.06 | 20.65 | 1.52 | 9.07 | -10.64 | 1.55 | 29.45 | 9.14 | -13.28 | 5.88 | -14.53 | 5.02 | -31.7 | 3.87 | -32.46 | 0.64 | -22.89 | 10.86 | -8.04 | 31.47 | -8.04 | 99.00 | 2.78 | 0.75 | -79.62 | 0.00 | 0 | 9.30 | 8.27 |
| 2019 (6) | 3.22 | -58.18 | 20.34 | -13.89 | 10.15 | -38.34 | 1.20 | 53.15 | 10.54 | -33.16 | 6.88 | -32.55 | 7.35 | -52.09 | 5.73 | -53.15 | 0.83 | -30.25 | 11.81 | -28.86 | 34.22 | 41.93 | 96.33 | -7.71 | 3.67 | 0 | 0.00 | 0 | 8.59 | 17.83 |
| 2018 (5) | 7.70 | -16.67 | 23.62 | 0.47 | 16.46 | -3.52 | 0.78 | 92.56 | 15.77 | -7.89 | 10.20 | -10.29 | 15.34 | -18.71 | 12.23 | -17.81 | 1.19 | -9.16 | 16.60 | -5.41 | 24.11 | -13.15 | 104.37 | 4.67 | -4.37 | 0 | 0.00 | 0 | 7.29 | 4.59 |
| 2017 (4) | 9.24 | -14.44 | 23.51 | -1.88 | 17.06 | -2.29 | 0.41 | 15.78 | 17.12 | -6.8 | 11.37 | -8.01 | 18.87 | -25.27 | 14.88 | -23.85 | 1.31 | -16.56 | 17.55 | -6.6 | 27.76 | 4.79 | 99.71 | 4.89 | 0.29 | -94.17 | 0.00 | 0 | 6.97 | -4.13 |
| 2016 (3) | 10.80 | 4.05 | 23.96 | -3.78 | 17.46 | -4.54 | 0.35 | -16.5 | 18.37 | -0.27 | 12.36 | 0.73 | 25.25 | -23.07 | 19.54 | -19.16 | 1.57 | -19.9 | 18.79 | -0.69 | 26.49 | -23.33 | 95.06 | -4.26 | 4.94 | 592.73 | 0.00 | 0 | 7.27 | -0.68 |
| 2015 (2) | 10.38 | 13.44 | 24.90 | 4.75 | 18.29 | 6.96 | 0.42 | 1.26 | 18.42 | 8.61 | 12.27 | 9.07 | 32.82 | -25.29 | 24.17 | -8.55 | 1.96 | -15.15 | 18.92 | 7.56 | 34.55 | -11.82 | 99.29 | -1.49 | 0.71 | 0 | 0.00 | 0 | 7.32 | 3.98 |
| 2014 (1) | 9.15 | 159.21 | 23.77 | 0 | 17.10 | 0 | 0.41 | 10.81 | 16.96 | 0 | 11.25 | 0 | 43.93 | 0 | 26.43 | 0 | 2.31 | -12.17 | 17.59 | 1.62 | 39.18 | -72.65 | 100.79 | -7.07 | -0.79 | 0 | 0.00 | 0 | 7.04 | 4.14 |
