- 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) | 0.43 | -69.29 | -69.06 | 23.00 | -8.8 | -9.59 | 5.67 | -51.7 | -58.55 | 6.36 | -63.66 | -63.8 | 4.33 | -67.2 | -64.45 | 0.69 | -69.6 | -70.39 | 0.55 | -69.27 | -70.11 | 0.13 | -7.14 | -13.33 | 14.46 | -40.62 | -39.5 | 25.07 | -2.72 | -2.03 | 88.89 | 32.58 | 14.23 | 11.11 | -66.28 | -49.91 | 24.86 | 14.19 | 27.81 |
| 24Q2 (19) | 1.40 | 23.89 | -0.71 | 25.22 | 7.82 | 0.16 | 11.74 | 25.83 | -16.2 | 17.50 | 8.9 | -17.72 | 13.20 | 8.37 | 2.8 | 2.27 | 21.39 | -7.35 | 1.79 | 20.13 | -6.28 | 0.14 | 16.67 | -6.67 | 24.35 | 2.96 | -13.68 | 25.77 | -6.05 | -7.17 | 67.05 | 15.56 | 1.64 | 32.95 | -21.5 | -3.18 | 21.77 | -10.3 | 17.42 |
| 24Q1 (18) | 1.13 | 73.85 | 29.89 | 23.39 | -1.47 | 3.31 | 9.33 | -9.33 | -10.12 | 16.07 | 60.54 | 37.23 | 12.18 | 94.57 | 40.65 | 1.87 | 74.77 | 25.5 | 1.49 | 73.26 | 29.57 | 0.12 | -14.29 | -7.69 | 23.65 | 40.94 | 18.84 | 27.43 | 13.58 | -6.51 | 58.02 | -43.51 | -34.48 | 41.98 | 1653.3 | 266.78 | 24.27 | 13.62 | 20.63 |
| 23Q4 (17) | 0.65 | -53.24 | 150.0 | 23.74 | -6.68 | 1.45 | 10.29 | -24.78 | -2.65 | 10.01 | -43.03 | 26.39 | 6.26 | -48.6 | 175.77 | 1.07 | -54.08 | 148.84 | 0.86 | -53.26 | 152.94 | 0.14 | -6.67 | -6.67 | 16.78 | -29.79 | 9.24 | 24.15 | -5.63 | -16.46 | 102.70 | 31.98 | -23.43 | -2.70 | -112.18 | 91.89 | 21.36 | 9.82 | 3.39 |
| 23Q3 (16) | 1.39 | -1.42 | -9.74 | 25.44 | 1.03 | 16.38 | 13.68 | -2.36 | 22.8 | 17.57 | -17.4 | -6.79 | 12.18 | -5.14 | 4.46 | 2.33 | -4.9 | -11.74 | 1.84 | -3.66 | -5.15 | 0.15 | 0.0 | -11.76 | 23.90 | -15.28 | -6.53 | 25.59 | -7.82 | -17.72 | 77.82 | 17.97 | 31.43 | 22.18 | -34.82 | -45.62 | 19.45 | 4.91 | 6.46 |
| 23Q2 (15) | 1.41 | 62.07 | -15.57 | 25.18 | 11.22 | 18.66 | 14.01 | 34.97 | 22.25 | 21.27 | 81.64 | 23.38 | 12.84 | 48.27 | 15.68 | 2.45 | 64.43 | -14.93 | 1.91 | 66.09 | -7.28 | 0.15 | 15.38 | -16.67 | 28.21 | 41.76 | 28.05 | 27.76 | -5.39 | -33.46 | 65.96 | -25.51 | -0.79 | 34.04 | 197.37 | 1.56 | 18.54 | -7.85 | 15.51 |
| 23Q1 (14) | 0.87 | 234.62 | -17.92 | 22.64 | -3.25 | 16.34 | 10.38 | -1.8 | 1.27 | 11.71 | 47.85 | 11.0 | 8.66 | 281.5 | 27.73 | 1.49 | 246.51 | -19.02 | 1.15 | 238.24 | -12.88 | 0.13 | -13.33 | -31.58 | 19.90 | 29.56 | 30.15 | 29.34 | 1.49 | -25.5 | 88.55 | -33.98 | -8.73 | 11.45 | 134.34 | 284.25 | 20.12 | -2.61 | 16.71 |
| 22Q4 (13) | 0.26 | -83.12 | -81.56 | 23.40 | 7.04 | 11.27 | 10.57 | -5.12 | -13.08 | 7.92 | -57.98 | -39.91 | 2.27 | -80.53 | -73.26 | 0.43 | -83.71 | -83.14 | 0.34 | -82.47 | -81.42 | 0.15 | -11.76 | -28.57 | 15.36 | -39.93 | -11.93 | 28.91 | -7.04 | -30.95 | 134.13 | 126.54 | 45.34 | -33.33 | -181.71 | -531.94 | 20.66 | 13.08 | 20.33 |
| 22Q3 (12) | 1.54 | -7.78 | 8.45 | 21.86 | 3.02 | -7.88 | 11.14 | -2.79 | -22.64 | 18.85 | 9.34 | 16.86 | 11.66 | 5.05 | 24.71 | 2.64 | -8.33 | 1.93 | 1.94 | -5.83 | 2.65 | 0.17 | -5.56 | -15.0 | 25.57 | 16.07 | 25.1 | 31.10 | -25.46 | -17.59 | 59.21 | -10.95 | -33.75 | 40.79 | 21.72 | 283.68 | 18.27 | 13.83 | 12.57 |
| 22Q2 (11) | 1.67 | 57.55 | -18.54 | 21.22 | 9.04 | -16.39 | 11.46 | 11.8 | -26.11 | 17.24 | 63.41 | 1.23 | 11.10 | 63.72 | -16.35 | 2.88 | 56.52 | -23.2 | 2.06 | 56.06 | -25.09 | 0.18 | -5.26 | -14.29 | 22.03 | 44.08 | 2.61 | 41.72 | 5.94 | 12.21 | 66.49 | -31.47 | -27.08 | 33.51 | 1025.1 | 279.82 | 16.05 | -6.9 | -2.61 |
| 22Q1 (10) | 1.06 | -24.82 | -29.8 | 19.46 | -7.47 | -10.36 | 10.25 | -15.71 | -13.28 | 10.55 | -19.95 | -24.32 | 6.78 | -20.14 | -36.64 | 1.84 | -27.84 | -34.98 | 1.32 | -27.87 | -36.54 | 0.19 | -9.52 | 0.0 | 15.29 | -12.33 | -19.48 | 39.38 | -5.95 | 7.04 | 97.02 | 5.13 | 14.62 | 2.98 | -61.4 | -80.6 | 17.24 | 0.41 | -8.4 |
| 21Q4 (9) | 1.41 | -0.7 | -5.37 | 21.03 | -11.38 | -16.01 | 12.16 | -15.56 | -18.61 | 13.18 | -18.29 | 3.29 | 8.49 | -9.2 | -17.81 | 2.55 | -1.54 | -11.76 | 1.83 | -3.17 | -13.27 | 0.21 | 5.0 | 5.0 | 17.44 | -14.68 | -1.19 | 41.87 | 10.94 | 13.87 | 92.28 | 3.26 | -20.99 | 7.72 | -27.42 | 144.93 | 17.17 | 5.79 | -5.56 |
| 21Q3 (8) | 1.42 | -30.73 | 40.59 | 23.73 | -6.5 | 1.89 | 14.40 | -7.16 | 18.52 | 16.13 | -5.28 | 27.01 | 9.35 | -29.54 | 29.68 | 2.59 | -30.93 | 26.96 | 1.89 | -31.27 | 29.45 | 0.20 | -4.76 | 0.0 | 20.44 | -4.8 | 11.27 | 37.74 | 1.51 | -3.03 | 89.37 | -1.98 | -6.94 | 10.63 | 20.5 | 143.57 | 16.23 | -1.52 | -6.83 |
| 21Q2 (7) | 2.05 | 35.76 | 29.75 | 25.38 | 16.9 | 1.08 | 15.51 | 31.22 | 9.15 | 17.03 | 22.17 | 7.11 | 13.27 | 24.02 | 9.04 | 3.75 | 32.51 | 17.55 | 2.75 | 32.21 | 17.02 | 0.21 | 10.53 | 10.53 | 21.47 | 13.06 | -1.87 | 37.18 | 1.06 | -9.84 | 91.18 | 7.72 | 1.96 | 8.82 | -42.54 | -16.6 | 16.48 | -12.43 | 0 |
| 21Q1 (6) | 1.51 | 1.34 | 122.06 | 21.71 | -13.3 | 10.65 | 11.82 | -20.88 | 76.42 | 13.94 | 9.25 | 38.16 | 10.70 | 3.58 | 52.2 | 2.83 | -2.08 | 108.09 | 2.08 | -1.42 | 103.92 | 0.19 | -5.0 | 35.71 | 18.99 | 7.59 | 3.83 | 36.79 | 0.05 | 16.98 | 84.64 | -27.53 | 27.42 | 15.36 | 189.41 | -54.26 | 18.82 | 3.52 | -6.97 |
| 20Q4 (5) | 1.49 | 47.52 | 30.7 | 25.04 | 7.51 | 11.79 | 14.94 | 22.96 | 22.86 | 12.76 | 0.47 | 13.62 | 10.33 | 43.27 | 30.76 | 2.89 | 41.67 | 27.31 | 2.11 | 44.52 | 27.11 | 0.20 | 0.0 | -4.76 | 17.65 | -3.92 | 2.56 | 36.77 | -5.52 | -2.96 | 116.79 | 21.62 | 7.88 | -17.18 | -493.48 | -107.91 | 18.18 | 4.36 | 3.89 |
| 20Q3 (4) | 1.01 | -36.08 | 0.0 | 23.29 | -7.25 | 0.0 | 12.15 | -14.5 | 0.0 | 12.70 | -20.13 | 0.0 | 7.21 | -40.76 | 0.0 | 2.04 | -36.05 | 0.0 | 1.46 | -37.87 | 0.0 | 0.20 | 5.26 | 0.0 | 18.37 | -16.04 | 0.0 | 38.92 | -5.63 | 0.0 | 96.03 | 7.39 | 0.0 | 4.37 | -58.74 | 0.0 | 17.42 | 0 | 0.0 |
| 20Q2 (3) | 1.58 | 132.35 | 0.0 | 25.11 | 27.98 | 0.0 | 14.21 | 112.09 | 0.0 | 15.90 | 57.58 | 0.0 | 12.17 | 73.12 | 0.0 | 3.19 | 134.56 | 0.0 | 2.35 | 130.39 | 0.0 | 0.19 | 35.71 | 0.0 | 21.88 | 19.63 | 0.0 | 41.24 | 31.13 | 0.0 | 89.42 | 34.61 | 0.0 | 10.58 | -68.48 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.68 | -40.35 | 0.0 | 19.62 | -12.41 | 0.0 | 6.70 | -44.9 | 0.0 | 10.09 | -10.15 | 0.0 | 7.03 | -11.01 | 0.0 | 1.36 | -40.09 | 0.0 | 1.02 | -38.55 | 0.0 | 0.14 | -33.33 | 0.0 | 18.29 | 6.28 | 0.0 | 31.45 | -17.0 | 0.0 | 66.43 | -38.64 | 0.0 | 33.57 | 506.39 | 0.0 | 20.23 | 15.6 | 0.0 |
| 19Q4 (1) | 1.14 | 0.0 | 0.0 | 22.40 | 0.0 | 0.0 | 12.16 | 0.0 | 0.0 | 11.23 | 0.0 | 0.0 | 7.90 | 0.0 | 0.0 | 2.27 | 0.0 | 0.0 | 1.66 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 17.21 | 0.0 | 0.0 | 37.89 | 0.0 | 0.0 | 108.26 | 0.0 | 0.0 | -8.26 | 0.0 | 0.0 | 17.50 | 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) | 4.32 | -4.64 | 24.31 | 14.02 | 12.17 | 12.06 | 3.98 | 25.43 | 15.31 | 10.7 | 10.09 | 22.9 | 7.26 | -7.98 | 5.74 | -2.05 | 0.57 | -19.72 | 22.34 | 13.92 | 24.15 | -16.46 | 79.46 | 1.22 | 20.54 | -4.45 | 0.00 | 0 | 19.84 | 11.15 |
| 2022 (9) | 4.53 | -29.0 | 21.32 | -7.1 | 10.86 | -19.44 | 3.18 | 14.9 | 13.83 | -8.17 | 8.21 | -21.21 | 7.89 | -32.79 | 5.86 | -30.73 | 0.71 | -12.35 | 19.61 | 0.26 | 28.91 | -30.95 | 78.51 | -12.27 | 21.49 | 106.0 | 0.00 | 0 | 17.85 | 4.14 |
| 2021 (8) | 6.38 | 34.03 | 22.95 | -2.55 | 13.48 | 8.45 | 2.76 | -10.77 | 15.06 | 15.58 | 10.42 | 11.92 | 11.74 | 26.78 | 8.46 | 24.78 | 0.81 | 12.5 | 19.56 | 2.62 | 41.87 | 13.87 | 89.49 | -6.05 | 10.43 | 124.57 | 0.00 | 0 | 17.14 | -5.88 |
| 2020 (7) | 4.76 | 4.16 | 23.55 | 3.24 | 12.43 | 3.76 | 3.10 | 0.92 | 13.03 | -3.91 | 9.31 | 9.4 | 9.26 | 0.87 | 6.78 | 2.42 | 0.72 | -7.69 | 19.06 | -3.54 | 36.77 | -2.96 | 95.25 | 7.77 | 4.65 | -60.33 | 0.00 | 0 | 18.21 | 3.06 |
| 2019 (6) | 4.57 | 1.56 | 22.81 | 4.3 | 11.98 | 12.28 | 3.07 | -1.67 | 13.56 | 6.6 | 8.51 | -4.81 | 9.18 | -1.92 | 6.62 | -0.3 | 0.78 | 5.41 | 19.76 | 2.33 | 37.89 | -6.63 | 88.38 | 5.32 | 11.71 | -27.15 | 0.00 | 0 | 17.67 | -2.75 |
| 2018 (5) | 4.50 | 157.14 | 21.87 | 14.62 | 10.67 | 66.2 | 3.12 | -18.34 | 12.72 | 122.38 | 8.94 | 127.48 | 9.36 | 154.35 | 6.64 | 146.84 | 0.74 | 10.45 | 19.31 | 36.37 | 40.58 | -5.28 | 83.92 | -25.24 | 16.08 | 0 | 0.00 | 0 | 18.17 | -5.76 |
| 2017 (4) | 1.75 | -22.57 | 19.08 | 0.58 | 6.42 | 9.93 | 3.82 | -21.34 | 5.72 | -29.47 | 3.93 | -23.39 | 3.68 | -18.22 | 2.69 | -18.24 | 0.67 | 6.35 | 14.16 | -17.96 | 42.84 | 18.87 | 112.26 | 56.03 | -12.26 | 0 | 0.00 | 0 | 19.28 | -9.74 |
| 2016 (3) | 2.26 | 0 | 18.97 | 83.82 | 5.84 | 0 | 4.86 | -6.07 | 8.11 | 0 | 5.13 | 0 | 4.50 | 0 | 3.29 | 0 | 0.63 | 0.0 | 17.26 | 309.0 | 36.04 | -12.05 | 71.94 | 42.9 | 28.06 | -43.5 | 0.00 | 0 | 21.36 | -7.61 |
| 2015 (2) | -3.49 | 0 | 10.32 | -32.28 | -3.12 | 0 | 5.17 | 29.92 | -6.19 | 0 | -7.55 | 0 | -6.83 | 0 | -4.68 | 0 | 0.63 | -19.23 | 4.22 | -70.28 | 40.98 | -10.41 | 50.34 | -39.9 | 49.66 | 205.92 | 0.00 | 0 | 23.12 | 19.3 |
| 2014 (1) | 2.59 | -20.8 | 15.24 | 0 | 4.76 | 0 | 3.98 | 5.72 | 5.68 | 0 | 4.17 | 0 | 4.92 | 0 | 3.35 | 0 | 0.78 | -6.02 | 14.20 | -5.71 | 45.74 | -19.12 | 83.77 | -20.85 | 16.23 | 0 | 0.00 | 0 | 19.38 | 2.59 |
