- 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) | 1.61 | -23.33 | -6.4 | 4.09 | -10.5 | 6.23 | 1.24 | 6.9 | -12.68 | 2.24 | -40.27 | -1.32 | 1.69 | -31.02 | 10.46 | 2.16 | -21.45 | -3.14 | 0.87 | -28.1 | -3.33 | 0.49 | 4.26 | -10.91 | 3.60 | -35.25 | -1.64 | 174.02 | 20.91 | 0.61 | 55.34 | 79.09 | -11.39 | 44.66 | -35.36 | 18.98 | 3.59 | -37.46 | -26.88 |
| 24Q2 (19) | 2.10 | 72.13 | 79.49 | 4.57 | 8.04 | 21.87 | 1.16 | -4.13 | 6.42 | 3.75 | 81.16 | 103.8 | 2.45 | 62.25 | 96.0 | 2.75 | 60.82 | 62.72 | 1.21 | 59.21 | 68.06 | 0.47 | 0.0 | -2.08 | 5.56 | 45.93 | 59.31 | 143.92 | 6.73 | -8.07 | 30.90 | -46.95 | -47.6 | 69.10 | 65.5 | 68.47 | 5.74 | 5.71 | 11.67 |
| 24Q1 (18) | 1.22 | -34.76 | 7.96 | 4.23 | 10.73 | 29.75 | 1.21 | -6.92 | 39.08 | 2.07 | -10.39 | 62.99 | 1.51 | -11.18 | 46.6 | 1.71 | -34.48 | 9.62 | 0.76 | -28.97 | 15.15 | 0.47 | -20.34 | -6.0 | 3.81 | 5.25 | 37.05 | 134.85 | -10.91 | -34.5 | 58.25 | 3.24 | -14.46 | 41.75 | -4.17 | 30.95 | 5.43 | 18.3 | 4.62 |
| 23Q4 (17) | 1.87 | 8.72 | -1.06 | 3.82 | -0.78 | -9.48 | 1.30 | -8.45 | -29.35 | 2.31 | 1.76 | -2.94 | 1.70 | 11.11 | -0.58 | 2.61 | 17.04 | -9.06 | 1.07 | 18.89 | 3.88 | 0.59 | 7.27 | 7.27 | 3.62 | -1.09 | -1.09 | 151.36 | -12.49 | -22.98 | 56.42 | -9.66 | -27.06 | 43.57 | 16.07 | 92.27 | 4.59 | -6.52 | -20.59 |
| 23Q3 (16) | 1.72 | 47.01 | -12.69 | 3.85 | 2.67 | -15.57 | 1.42 | 30.28 | -34.26 | 2.27 | 23.37 | -9.56 | 1.53 | 22.4 | -24.26 | 2.23 | 31.95 | -35.73 | 0.90 | 25.0 | -24.37 | 0.55 | 14.58 | 0.0 | 3.66 | 4.87 | -2.92 | 172.97 | 10.49 | -17.34 | 62.45 | 5.91 | -27.41 | 37.54 | -8.48 | 168.77 | 4.91 | -4.47 | -15.2 |
| 23Q2 (15) | 1.17 | 3.54 | 0.0 | 3.75 | 15.03 | -26.61 | 1.09 | 25.29 | -52.81 | 1.84 | 44.88 | -23.01 | 1.25 | 21.36 | -25.6 | 1.69 | 8.33 | -32.13 | 0.72 | 9.09 | -11.11 | 0.48 | -4.0 | 6.67 | 3.49 | 25.54 | -8.4 | 156.55 | -23.96 | -27.38 | 58.96 | -13.4 | -38.89 | 41.02 | 28.64 | 1069.65 | 5.14 | -0.96 | -22.82 |
| 23Q1 (14) | 1.13 | -40.21 | 82.26 | 3.26 | -22.75 | -7.91 | 0.87 | -52.72 | -33.08 | 1.27 | -46.64 | 8.55 | 1.03 | -39.77 | 6.19 | 1.56 | -45.64 | -5.45 | 0.66 | -35.92 | 29.41 | 0.50 | -9.09 | 2.04 | 2.78 | -24.04 | 19.83 | 205.88 | 4.77 | -15.17 | 68.09 | -11.97 | -39.15 | 31.88 | 40.7 | 368.14 | 5.19 | -10.21 | -11.13 |
| 22Q4 (13) | 1.89 | -4.06 | -35.93 | 4.22 | -7.46 | 20.23 | 1.84 | -14.81 | 6.98 | 2.38 | -5.18 | -5.18 | 1.71 | -15.35 | -16.99 | 2.87 | -17.29 | -41.67 | 1.03 | -13.45 | -31.79 | 0.55 | 0.0 | -23.61 | 3.66 | -2.92 | 10.57 | 196.51 | -6.09 | -20.88 | 77.35 | -10.09 | 13.14 | 22.66 | 62.25 | -28.34 | 5.78 | -0.17 | 29.31 |
| 22Q3 (12) | 1.97 | 68.38 | 97.0 | 4.56 | -10.76 | 24.93 | 2.16 | -6.49 | 67.44 | 2.51 | 5.02 | 68.46 | 2.02 | 20.24 | 62.9 | 3.47 | 39.36 | 58.45 | 1.19 | 46.91 | 63.01 | 0.55 | 22.22 | -1.79 | 3.77 | -1.05 | 46.69 | 209.26 | -2.92 | -2.1 | 86.03 | -10.84 | -0.88 | 13.97 | 298.29 | 5.82 | 5.79 | -13.06 | -10.65 |
| 22Q2 (11) | 1.17 | 88.71 | -41.79 | 5.11 | 44.35 | 43.14 | 2.31 | 77.69 | 133.33 | 2.39 | 104.27 | -19.8 | 1.68 | 73.2 | -29.41 | 2.49 | 50.91 | -31.4 | 0.81 | 58.82 | -31.36 | 0.45 | -8.16 | -6.25 | 3.81 | 64.22 | -10.35 | 215.56 | -11.18 | -0.4 | 96.49 | -13.76 | 190.3 | 3.51 | 129.49 | -94.75 | 6.66 | 14.04 | 15.83 |
| 22Q1 (10) | 0.62 | -78.98 | -64.57 | 3.54 | 0.85 | -16.9 | 1.30 | -24.42 | 27.45 | 1.17 | -53.39 | -34.27 | 0.97 | -52.91 | -59.75 | 1.65 | -66.46 | -40.65 | 0.51 | -66.23 | -42.05 | 0.49 | -31.94 | 40.0 | 2.32 | -29.91 | -36.61 | 242.69 | -2.29 | 11.71 | 111.89 | 63.66 | 94.24 | -11.89 | -137.6 | -128.05 | 5.84 | 30.65 | -16.81 |
| 21Q4 (9) | 2.95 | 195.0 | 61.2 | 3.51 | -3.84 | 5.72 | 1.72 | 33.33 | 18.62 | 2.51 | 68.46 | 53.99 | 2.06 | 66.13 | 66.13 | 4.92 | 124.66 | 70.83 | 1.51 | 106.85 | 69.66 | 0.72 | 28.57 | 4.35 | 3.31 | 28.79 | 21.25 | 248.37 | 16.2 | 1.79 | 68.37 | -21.24 | -23.37 | 31.62 | 139.59 | 193.34 | 4.47 | -31.02 | -21.02 |
| 21Q3 (8) | 1.00 | -50.25 | -61.69 | 3.65 | 2.24 | -12.05 | 1.29 | 30.3 | -30.65 | 1.49 | -50.0 | -47.35 | 1.24 | -47.9 | -45.61 | 2.19 | -39.67 | -45.25 | 0.73 | -38.14 | -41.6 | 0.56 | 16.67 | 5.66 | 2.57 | -39.53 | -39.53 | 213.75 | -1.23 | -6.19 | 86.80 | 161.14 | 32.27 | 13.20 | -80.23 | -61.59 | 6.48 | 12.7 | 3.51 |
| 21Q2 (7) | 2.01 | 14.86 | -25.83 | 3.57 | -16.2 | -18.31 | 0.99 | -2.94 | -49.75 | 2.98 | 67.42 | -9.42 | 2.38 | -1.24 | -2.06 | 3.63 | 30.58 | -15.58 | 1.18 | 34.09 | -13.24 | 0.48 | 37.14 | -11.11 | 4.25 | 16.12 | -11.46 | 216.42 | -0.38 | -7.78 | 33.24 | -42.3 | -44.47 | 66.76 | 57.47 | 66.29 | 5.75 | -18.09 | -8.44 |
| 21Q1 (6) | 1.75 | -4.37 | 196.61 | 4.26 | 28.31 | 92.76 | 1.02 | -29.66 | 1120.0 | 1.78 | 9.2 | 191.8 | 2.41 | 94.35 | 473.81 | 2.78 | -3.47 | 348.39 | 0.88 | -1.12 | 203.45 | 0.35 | -49.28 | -27.08 | 3.66 | 34.07 | 45.24 | 217.25 | -10.96 | -4.22 | 57.60 | -35.44 | 447.05 | 42.40 | 293.28 | -63.66 | 7.02 | 24.03 | 0 |
| 20Q4 (5) | 1.83 | -29.89 | -41.9 | 3.32 | -20.0 | -7.52 | 1.45 | -22.04 | -17.14 | 1.63 | -42.4 | -37.07 | 1.24 | -45.61 | -38.61 | 2.88 | -28.0 | -35.14 | 0.89 | -28.8 | -40.67 | 0.69 | 30.19 | -2.82 | 2.73 | -35.76 | -28.35 | 244.00 | 7.09 | 24.98 | 89.22 | 35.96 | 32.54 | 10.78 | -68.63 | -67.01 | 5.66 | -9.58 | 8.02 |
| 20Q3 (4) | 2.61 | -3.69 | 0.0 | 4.15 | -5.03 | 0.0 | 1.86 | -5.58 | 0.0 | 2.83 | -13.98 | 0.0 | 2.28 | -6.17 | 0.0 | 4.00 | -6.98 | 0.0 | 1.25 | -8.09 | 0.0 | 0.53 | -1.85 | 0.0 | 4.25 | -11.46 | 0.0 | 227.85 | -2.91 | 0.0 | 65.62 | 9.64 | 0.0 | 34.37 | -14.4 | 0.0 | 6.26 | -0.32 | 0.0 |
| 20Q2 (3) | 2.71 | 359.32 | 0.0 | 4.37 | 97.74 | 0.0 | 1.97 | 2070.0 | 0.0 | 3.29 | 439.34 | 0.0 | 2.43 | 478.57 | 0.0 | 4.30 | 593.55 | 0.0 | 1.36 | 368.97 | 0.0 | 0.54 | 12.5 | 0.0 | 4.80 | 90.48 | 0.0 | 234.67 | 3.46 | 0.0 | 59.85 | 460.61 | 0.0 | 40.15 | -65.59 | 0.0 | 6.28 | 0 | 0.0 |
| 20Q1 (2) | 0.59 | -81.27 | 0.0 | 2.21 | -38.44 | 0.0 | -0.10 | -105.71 | 0.0 | 0.61 | -76.45 | 0.0 | 0.42 | -79.21 | 0.0 | 0.62 | -86.04 | 0.0 | 0.29 | -80.67 | 0.0 | 0.48 | -32.39 | 0.0 | 2.52 | -33.86 | 0.0 | 226.83 | 16.19 | 0.0 | -16.60 | -124.66 | 0.0 | 116.66 | 257.02 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 3.15 | 0.0 | 0.0 | 3.59 | 0.0 | 0.0 | 1.75 | 0.0 | 0.0 | 2.59 | 0.0 | 0.0 | 2.02 | 0.0 | 0.0 | 4.44 | 0.0 | 0.0 | 1.50 | 0.0 | 0.0 | 0.71 | 0.0 | 0.0 | 3.81 | 0.0 | 0.0 | 195.23 | 0.0 | 0.0 | 67.32 | 0.0 | 0.0 | 32.68 | 0.0 | 0.0 | 5.24 | 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) | 5.90 | 4.24 | 3.67 | -15.24 | 1.17 | -38.42 | 1.21 | 8.56 | 1.93 | -8.96 | 1.39 | -13.66 | 7.98 | -22.9 | 3.31 | -4.61 | 2.11 | 4.98 | 3.39 | 0.0 | 151.36 | -22.98 | 60.69 | -32.13 | 39.31 | 271.5 | 0.04 | 20.81 | 4.94 | -17.53 |
| 2022 (9) | 5.66 | -26.59 | 4.33 | 17.34 | 1.90 | 42.86 | 1.11 | 4.14 | 2.12 | -4.93 | 1.61 | -18.69 | 10.35 | -18.7 | 3.47 | -8.44 | 2.01 | 8.06 | 3.39 | 0.3 | 196.51 | -20.88 | 89.42 | 49.23 | 10.58 | -73.6 | 0.04 | 15.07 | 5.99 | 5.09 |
| 2021 (8) | 7.71 | -0.26 | 3.69 | 4.24 | 1.33 | -2.21 | 1.07 | -17.48 | 2.23 | 6.19 | 1.98 | 23.75 | 12.73 | 11.37 | 3.79 | -0.26 | 1.86 | -16.59 | 3.38 | -4.52 | 248.37 | 1.79 | 59.92 | -7.45 | 40.07 | 13.66 | 0.03 | -45.65 | 5.70 | -6.1 |
| 2020 (7) | 7.73 | 4.46 | 3.54 | 7.27 | 1.36 | 9.68 | 1.30 | -3.25 | 2.10 | 12.9 | 1.60 | 19.4 | 11.43 | 18.69 | 3.80 | 5.26 | 2.23 | -5.91 | 3.54 | 2.31 | 244.00 | 24.98 | 64.75 | -2.46 | 35.26 | 4.88 | 0.06 | -75.14 | 6.07 | 5.93 |
| 2019 (6) | 7.40 | 74.12 | 3.30 | 8.55 | 1.24 | 39.33 | 1.34 | 10.67 | 1.86 | 66.07 | 1.34 | 61.45 | 9.63 | 58.65 | 3.61 | 46.75 | 2.37 | -5.2 | 3.46 | 35.69 | 195.23 | -8.52 | 66.38 | -16.23 | 33.62 | 61.92 | 0.23 | -9.93 | 5.73 | -9.62 |
| 2018 (5) | 4.25 | -24.91 | 3.04 | -22.25 | 0.89 | -44.03 | 1.21 | 12.16 | 1.12 | -34.5 | 0.83 | -38.06 | 6.07 | -31.41 | 2.46 | -32.04 | 2.50 | -2.34 | 2.55 | -11.76 | 213.41 | 24.32 | 79.24 | -14.86 | 20.76 | 199.73 | 0.25 | 0 | 6.34 | -4.08 |
| 2017 (4) | 5.66 | -24.53 | 3.91 | -28.26 | 1.59 | -43.21 | 1.08 | -2.23 | 1.71 | -31.87 | 1.34 | -29.84 | 8.85 | -25.19 | 3.62 | -27.45 | 2.56 | 1.59 | 2.89 | -22.1 | 171.66 | 19.29 | 93.07 | -16.5 | 6.93 | 0 | 0.00 | 0 | 6.61 | 2.96 |
| 2016 (3) | 7.50 | -18.74 | 5.45 | -12.1 | 2.80 | -14.37 | 1.10 | -0.61 | 2.51 | -22.29 | 1.91 | -19.75 | 11.83 | -24.75 | 4.99 | -21.29 | 2.52 | -3.08 | 3.71 | -16.25 | 143.90 | -2.46 | 111.46 | 10.09 | -11.46 | 0 | 0.00 | 0 | 6.42 | 0.16 |
| 2015 (2) | 9.23 | 47.92 | 6.20 | 6.35 | 3.27 | 17.63 | 1.11 | -16.55 | 3.23 | 25.19 | 2.38 | 27.96 | 15.72 | 32.43 | 6.34 | 39.65 | 2.60 | 11.11 | 4.43 | 9.93 | 147.53 | -8.59 | 101.25 | -6.11 | -1.25 | 0 | 0.00 | 0 | 6.41 | 6.66 |
| 2014 (1) | 6.24 | 50.0 | 5.83 | 0 | 2.78 | 0 | 1.33 | -5.26 | 2.58 | 0 | 1.86 | 0 | 11.87 | 0 | 4.54 | 0 | 2.34 | 0.0 | 4.03 | 11.63 | 161.39 | -14.48 | 107.84 | 31.75 | -7.84 | 0 | 0.00 | 0 | 6.01 | 0.84 |
