- 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) | 1.86 | -0.53 | -18.78 | 18.00 | 2.1 | -12.37 | 5.52 | -9.95 | -22.91 | 5.54 | -11.78 | -29.61 | 5.21 | -3.16 | -28.83 | 3.69 | -0.27 | -30.77 | 2.53 | 1.2 | -27.92 | 0.48 | 4.35 | 0.0 | 6.43 | -10.82 | -27.1 | 40.00 | -24.39 | -0.5 | 99.31 | 1.23 | 9.3 | 0.00 | -100.0 | -100.0 | 83.96 | 0.06 | 4.07 |
| 24Q2 (19) | 1.87 | 1.08 | -5.56 | 17.63 | 0.74 | -14.33 | 6.13 | 3.9 | -12.05 | 6.28 | 0.64 | -14.67 | 5.38 | -2.89 | -13.37 | 3.70 | 0.54 | -21.28 | 2.50 | -0.79 | -16.67 | 0.46 | 2.22 | -4.17 | 7.21 | 0.84 | -14.27 | 52.90 | 17.82 | -22.05 | 98.10 | 3.59 | 4.07 | 2.53 | -52.22 | -50.32 | 83.91 | -0.08 | 3.7 |
| 24Q1 (18) | 1.85 | -24.8 | 0.0 | 17.50 | -10.9 | -8.09 | 5.90 | -12.85 | -9.79 | 6.24 | -19.69 | -8.1 | 5.54 | -20.63 | -7.51 | 3.68 | -24.9 | -14.22 | 2.52 | -26.1 | -9.35 | 0.45 | -8.16 | -2.17 | 7.15 | -18.1 | -10.4 | 44.90 | -7.59 | -7.38 | 94.70 | 8.48 | -1.06 | 5.30 | -58.28 | 48.34 | 83.98 | 1.68 | 2.3 |
| 23Q4 (17) | 2.46 | 7.42 | 0.0 | 19.64 | -4.38 | -0.91 | 6.77 | -5.45 | 11.72 | 7.77 | -1.27 | -8.26 | 6.98 | -4.64 | -10.74 | 4.90 | -8.07 | -18.33 | 3.41 | -2.85 | -8.33 | 0.49 | 2.08 | 4.26 | 8.73 | -1.02 | -10.0 | 48.59 | 20.87 | -22.89 | 87.30 | -3.91 | 21.67 | 12.70 | 38.89 | -55.05 | 82.59 | 2.37 | 0.34 |
| 23Q3 (16) | 2.29 | 15.66 | 5.53 | 20.54 | -0.19 | -4.95 | 7.16 | 2.73 | -6.04 | 7.87 | 6.93 | -0.63 | 7.32 | 17.87 | 5.17 | 5.33 | 13.4 | -5.33 | 3.51 | 17.0 | 2.93 | 0.48 | 0.0 | -2.04 | 8.82 | 4.88 | -4.03 | 40.20 | -40.76 | -35.65 | 90.86 | -3.62 | -5.12 | 9.14 | 79.43 | 151.43 | 80.68 | -0.3 | 1.65 |
| 23Q2 (15) | 1.98 | 7.03 | -2.94 | 20.58 | 8.09 | -3.92 | 6.97 | 6.57 | -11.99 | 7.36 | 8.39 | -11.75 | 6.21 | 3.67 | -11.03 | 4.70 | 9.56 | -10.48 | 3.00 | 7.91 | -10.45 | 0.48 | 4.35 | 2.13 | 8.41 | 5.39 | -13.21 | 67.86 | 39.98 | -3.92 | 94.27 | -1.51 | -0.87 | 5.10 | 42.68 | 3.82 | 80.92 | -1.43 | 1.53 |
| 23Q1 (14) | 1.85 | -24.8 | 11.45 | 19.04 | -3.94 | -11.28 | 6.54 | 7.92 | -2.82 | 6.79 | -19.83 | -3.55 | 5.99 | -23.4 | -0.17 | 4.29 | -28.5 | 0.7 | 2.78 | -25.27 | 0.36 | 0.46 | -2.13 | 0.0 | 7.98 | -17.73 | -5.23 | 48.48 | -23.06 | 1.91 | 95.71 | 33.4 | 0.38 | 3.57 | -87.36 | -23.21 | 82.09 | -0.27 | 2.11 |
| 22Q4 (13) | 2.46 | 13.36 | 42.2 | 19.82 | -8.28 | -7.43 | 6.06 | -20.47 | 8.99 | 8.47 | 6.94 | 34.87 | 7.82 | 12.36 | 19.75 | 6.00 | 6.57 | 26.05 | 3.72 | 9.09 | 24.41 | 0.47 | -4.08 | 4.44 | 9.70 | 5.55 | 26.47 | 63.01 | 0.86 | -0.71 | 71.75 | -25.07 | -18.63 | 28.25 | 676.84 | 139.03 | 82.31 | 3.7 | 2.78 |
| 22Q3 (12) | 2.17 | 6.37 | 16.67 | 21.61 | 0.89 | -10.48 | 7.62 | -3.79 | 3.81 | 7.92 | -5.04 | -15.38 | 6.96 | -0.29 | -9.49 | 5.63 | 7.24 | 11.71 | 3.41 | 1.79 | 1.49 | 0.49 | 4.26 | 13.95 | 9.19 | -5.16 | -15.14 | 62.47 | -11.55 | 7.37 | 95.76 | 0.7 | 22.77 | 3.64 | -25.91 | -82.95 | 79.37 | -0.41 | 3.16 |
| 22Q2 (11) | 2.04 | 22.89 | 21.43 | 21.42 | -0.19 | -12.18 | 7.92 | 17.68 | -9.38 | 8.34 | 18.47 | -5.66 | 6.98 | 16.33 | -7.79 | 5.25 | 23.24 | 17.71 | 3.35 | 20.94 | 7.37 | 0.47 | 2.17 | 14.63 | 9.69 | 15.08 | -6.65 | 70.63 | 48.48 | 57.06 | 95.09 | -0.27 | -4.17 | 4.91 | 5.52 | 216.56 | 79.70 | -0.86 | 5.31 |
| 22Q1 (10) | 1.66 | -4.05 | 1.22 | 21.46 | 0.23 | -9.07 | 6.73 | 21.04 | -21.56 | 7.04 | 12.1 | -23.81 | 6.00 | -8.12 | -23.95 | 4.26 | -10.5 | -5.96 | 2.77 | -7.36 | -9.48 | 0.46 | 2.22 | 21.05 | 8.42 | 9.78 | -22.61 | 47.57 | -25.04 | 10.91 | 95.35 | 8.13 | 2.68 | 4.65 | -60.64 | -34.88 | 80.39 | 0.39 | 6.75 |
| 21Q4 (9) | 1.73 | -6.99 | 18.49 | 21.41 | -11.31 | -12.79 | 5.56 | -24.25 | -27.51 | 6.28 | -32.91 | -33.12 | 6.53 | -15.08 | -9.56 | 4.76 | -5.56 | 12.53 | 2.99 | -11.01 | 7.17 | 0.45 | 4.65 | 18.42 | 7.67 | -29.18 | -32.78 | 63.46 | 9.08 | 13.22 | 88.18 | 13.05 | 8.07 | 11.82 | -44.6 | -35.77 | 80.08 | 4.08 | 10.73 |
| 21Q3 (8) | 1.86 | 10.71 | -23.14 | 24.14 | -1.03 | -11.09 | 7.34 | -16.02 | -34.64 | 9.36 | 5.88 | -30.1 | 7.69 | 1.59 | -35.11 | 5.04 | 13.0 | -33.07 | 3.36 | 7.69 | -31.15 | 0.43 | 4.88 | 4.88 | 10.83 | 4.34 | -30.17 | 58.18 | 29.38 | 17.54 | 78.00 | -21.39 | -7.02 | 21.33 | 1276.0 | 32.41 | 76.94 | 1.66 | 11.36 |
| 21Q2 (7) | 1.68 | 2.44 | -24.32 | 24.39 | 3.35 | -16.62 | 8.74 | 1.86 | -31.83 | 8.84 | -4.33 | -30.88 | 7.57 | -4.06 | -33.54 | 4.46 | -1.55 | -36.56 | 3.12 | 1.96 | -31.73 | 0.41 | 7.89 | 2.5 | 10.38 | -4.6 | -30.01 | 44.97 | 4.85 | -27.28 | 99.22 | 6.86 | -0.78 | 1.55 | -78.29 | 0 | 75.68 | 0.49 | 12.44 |
| 21Q1 (6) | 1.64 | 12.33 | 70.83 | 23.60 | -3.87 | 9.46 | 8.58 | 11.86 | 46.67 | 9.24 | -1.6 | 31.81 | 7.89 | 9.28 | 40.39 | 4.53 | 7.09 | 51.0 | 3.06 | 9.68 | 53.77 | 0.38 | 0.0 | 8.57 | 10.88 | -4.65 | 15.87 | 42.89 | -23.48 | -12.31 | 92.86 | 13.8 | 10.87 | 7.14 | -61.18 | -56.04 | 75.31 | 4.13 | 0 |
| 20Q4 (5) | 1.46 | -39.67 | 30.36 | 24.55 | -9.58 | 8.2 | 7.67 | -31.7 | 20.6 | 9.39 | -29.87 | 52.19 | 7.22 | -39.07 | 24.27 | 4.23 | -43.82 | 18.16 | 2.79 | -42.83 | 21.83 | 0.38 | -7.32 | 0.0 | 11.41 | -26.43 | 36.65 | 56.05 | 13.23 | -5.64 | 81.60 | -2.73 | -20.41 | 18.40 | 14.21 | 826.8 | 72.32 | 4.68 | 4.98 |
| 20Q3 (4) | 2.42 | 9.01 | 0.0 | 27.15 | -7.18 | 0.0 | 11.23 | -12.4 | 0.0 | 13.39 | 4.69 | 0.0 | 11.85 | 4.04 | 0.0 | 7.53 | 7.11 | 0.0 | 4.88 | 6.78 | 0.0 | 0.41 | 2.5 | 0.0 | 15.51 | 4.59 | 0.0 | 49.50 | -19.95 | 0.0 | 83.89 | -16.11 | 0.0 | 16.11 | 0 | 0.0 | 69.09 | 2.64 | 0.0 |
| 20Q2 (3) | 2.22 | 131.25 | 0.0 | 29.25 | 35.67 | 0.0 | 12.82 | 119.15 | 0.0 | 12.79 | 82.45 | 0.0 | 11.39 | 102.67 | 0.0 | 7.03 | 134.33 | 0.0 | 4.57 | 129.65 | 0.0 | 0.40 | 14.29 | 0.0 | 14.83 | 57.93 | 0.0 | 61.84 | 26.44 | 0.0 | 100.00 | 19.4 | 0.0 | -0.00 | -100.0 | 0.0 | 67.31 | 0 | 0.0 |
| 20Q1 (2) | 0.96 | -14.29 | 0.0 | 21.56 | -4.98 | 0.0 | 5.85 | -8.02 | 0.0 | 7.01 | 13.61 | 0.0 | 5.62 | -3.27 | 0.0 | 3.00 | -16.2 | 0.0 | 1.99 | -13.1 | 0.0 | 0.35 | -7.89 | 0.0 | 9.39 | 12.46 | 0.0 | 48.91 | -17.66 | 0.0 | 83.75 | -18.32 | 0.0 | 16.25 | 741.88 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 1.12 | 0.0 | 0.0 | 22.69 | 0.0 | 0.0 | 6.36 | 0.0 | 0.0 | 6.17 | 0.0 | 0.0 | 5.81 | 0.0 | 0.0 | 3.58 | 0.0 | 0.0 | 2.29 | 0.0 | 0.0 | 0.38 | 0.0 | 0.0 | 8.35 | 0.0 | 0.0 | 59.40 | 0.0 | 0.0 | 102.53 | 0.0 | 0.0 | -2.53 | 0.0 | 0.0 | 68.89 | 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) | 8.49 | 1.92 | 19.96 | -5.22 | 6.86 | -3.11 | 0.90 | -14.37 | 7.47 | -6.27 | 6.65 | -4.59 | 18.60 | -11.81 | 12.07 | -7.51 | 1.80 | -2.7 | 8.52 | -7.99 | 48.59 | -22.89 | 91.83 | 3.25 | 8.17 | -26.12 | 0.50 | -31.37 | 81.59 | 1.4 |
| 2022 (9) | 8.33 | 20.55 | 21.06 | -9.65 | 7.08 | -4.84 | 1.06 | -18.39 | 7.97 | -4.44 | 6.97 | -5.56 | 21.09 | 10.94 | 13.05 | 8.75 | 1.85 | 14.91 | 9.26 | -5.89 | 63.01 | -0.71 | 88.94 | -0.42 | 11.06 | 3.55 | 0.72 | -25.49 | 80.46 | 4.26 |
| 2021 (8) | 6.91 | -2.12 | 23.31 | -9.48 | 7.44 | -21.68 | 1.29 | -32.6 | 8.34 | -22.56 | 7.38 | -19.17 | 19.01 | -9.35 | 12.00 | -10.71 | 1.61 | 10.27 | 9.84 | -23.84 | 63.46 | 13.22 | 89.32 | 1.11 | 10.68 | -9.8 | 0.97 | 7.21 | 77.17 | 9.83 |
| 2020 (7) | 7.06 | 13.32 | 25.75 | 5.23 | 9.50 | 15.29 | 1.92 | 26.25 | 10.77 | 25.09 | 9.13 | 17.65 | 20.97 | -0.1 | 13.44 | 1.36 | 1.46 | -13.1 | 12.92 | 24.35 | 56.05 | -5.64 | 88.34 | -7.83 | 11.84 | 171.13 | 0.91 | -4.86 | 70.26 | 5.09 |
| 2019 (6) | 6.23 | 19.35 | 24.47 | 4.08 | 8.24 | 57.25 | 1.52 | 200.76 | 8.61 | 23.88 | 7.76 | 21.25 | 20.99 | 17.59 | 13.26 | 26.29 | 1.68 | 3.07 | 10.39 | 35.99 | 59.40 | -4.49 | 95.85 | 27.34 | 4.37 | -82.08 | 0.95 | 8.51 | 66.86 | -0.74 |
| 2018 (5) | 5.22 | 105.51 | 23.51 | 23.48 | 5.24 | 59.27 | 0.51 | -11.93 | 6.95 | 59.4 | 6.40 | 63.27 | 17.85 | 61.54 | 10.50 | 75.88 | 1.63 | 7.24 | 7.64 | 47.78 | 62.19 | -27.4 | 75.27 | -1.0 | 24.36 | -1.73 | 0.88 | 0 | 67.36 | 4.03 |
| 2017 (4) | 2.54 | 67.11 | 19.04 | 3.7 | 3.29 | 122.3 | 0.57 | -18.03 | 4.36 | 62.69 | 3.92 | 60.66 | 11.05 | 64.68 | 5.97 | 63.11 | 1.52 | 2.01 | 5.17 | 44.41 | 85.66 | 0.08 | 76.03 | 38.76 | 24.79 | -43.44 | 0.00 | 0 | 64.75 | 6.97 |
| 2016 (3) | 1.52 | 322.22 | 18.36 | 7.87 | 1.48 | 0 | 0.70 | -26.94 | 2.68 | 267.12 | 2.44 | 293.55 | 6.71 | 341.45 | 3.66 | 320.69 | 1.49 | 8.76 | 3.58 | 103.41 | 85.59 | 1.93 | 54.79 | 0 | 43.84 | -83.56 | 0.00 | 0 | 60.53 | 1.95 |
| 2015 (2) | 0.36 | -87.54 | 17.02 | -12.31 | -1.19 | 0 | 0.96 | -0.84 | 0.73 | -89.12 | 0.62 | -87.47 | 1.52 | -88.67 | 0.87 | -88.57 | 1.37 | -11.04 | 1.76 | -77.26 | 83.97 | 15.58 | -166.67 | 0 | 266.67 | 912.12 | 0.00 | 0 | 59.37 | 4.45 |
| 2014 (1) | 2.89 | 80.62 | 19.41 | 0 | 4.93 | 0 | 0.97 | -8.86 | 6.71 | 0 | 4.95 | 0 | 13.42 | 0 | 7.61 | 0 | 1.54 | -7.23 | 7.74 | 56.68 | 72.65 | -10.44 | 73.05 | 89.48 | 26.35 | -57.12 | 0.00 | 0 | 56.84 | -11.16 |
