- 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) | 1.96 | -34.88 | -41.49 | 53.71 | -4.65 | -7.81 | 13.30 | -16.3 | -24.99 | 14.66 | -19.58 | -22.8 | 11.37 | -15.21 | -24.25 | 10.76 | -16.91 | -32.96 | 2.64 | -20.0 | -56.22 | 0.20 | -13.04 | -48.72 | 17.41 | -11.17 | -11.89 | 357.82 | -5.64 | 97.65 | 90.79 | 4.58 | -3.02 | 9.21 | -30.15 | 44.3 | 8.16 | 114.74 | 38.07 |
| 24Q2 (19) | 3.01 | 812.12 | 12.31 | 56.33 | 17.62 | 2.72 | 15.89 | 653.66 | 15.65 | 18.23 | 713.84 | 21.45 | 13.41 | 732.92 | 7.19 | 12.95 | 775.0 | -1.67 | 3.30 | 450.0 | -38.55 | 0.23 | -20.69 | -45.24 | 19.60 | 490.36 | 22.73 | 379.19 | 57.39 | 136.26 | 86.81 | 166.78 | -5.17 | 13.19 | -94.27 | 56.04 | 3.80 | -39.68 | -36.24 |
| 24Q1 (18) | 0.33 | -92.12 | -89.62 | 47.89 | -21.0 | -19.8 | -2.87 | -114.38 | -114.23 | 2.24 | -86.96 | -88.89 | 1.61 | -88.87 | -89.82 | 1.48 | -92.29 | -90.56 | 0.60 | -91.16 | -90.74 | 0.29 | -36.96 | -27.5 | 3.32 | -81.41 | -84.25 | 240.92 | 22.72 | 72.31 | -130.00 | -211.86 | -230.0 | 230.00 | 1518.33 | 0 | 6.30 | 19.77 | 6.24 |
| 23Q4 (17) | 4.19 | 25.07 | 34.73 | 60.62 | 4.05 | -16.84 | 19.96 | 12.58 | 10.52 | 17.18 | -9.53 | 4.25 | 14.47 | -3.6 | 8.96 | 19.20 | 19.63 | 22.61 | 6.79 | 12.6 | 3.66 | 0.46 | 17.95 | -6.12 | 17.86 | -9.62 | 4.14 | 196.32 | 8.44 | 28.86 | 116.22 | 24.14 | 6.33 | -16.22 | -354.05 | -74.32 | 5.26 | -11.0 | -11.15 |
| 23Q3 (16) | 3.35 | 25.0 | 39.58 | 58.26 | 6.24 | 11.63 | 17.73 | 29.04 | 8.64 | 18.99 | 26.52 | 16.0 | 15.01 | 19.98 | 20.08 | 16.05 | 21.87 | 31.67 | 6.03 | 12.29 | 7.3 | 0.39 | -7.14 | -11.36 | 19.76 | 23.73 | 15.29 | 181.04 | 12.8 | 36.81 | 93.62 | 2.26 | -6.38 | 6.38 | -24.47 | 0 | 5.91 | -0.84 | -5.59 |
| 23Q2 (15) | 2.68 | -15.72 | -44.86 | 54.84 | -8.16 | 5.66 | 13.74 | -31.88 | -20.72 | 15.01 | -25.55 | -24.84 | 12.51 | -20.92 | -22.39 | 13.17 | -16.01 | -23.92 | 5.37 | -17.13 | -33.62 | 0.42 | 5.0 | -16.0 | 15.97 | -24.24 | -22.17 | 160.50 | 14.79 | 50.24 | 91.55 | -8.45 | 5.46 | 8.45 | 0 | -35.92 | 5.96 | 0.51 | -8.73 |
| 23Q1 (14) | 3.18 | 2.25 | -3.93 | 59.71 | -18.09 | 26.24 | 20.17 | 11.68 | 62.01 | 20.16 | 22.33 | 47.15 | 15.82 | 19.13 | 35.68 | 15.68 | 0.13 | 32.32 | 6.48 | -1.07 | 16.97 | 0.40 | -18.37 | -14.89 | 21.08 | 22.92 | 46.9 | 139.82 | -8.22 | 11.96 | 100.00 | -8.51 | 9.26 | 0.00 | 100.0 | -100.0 | 5.93 | 0.17 | 2.77 |
| 22Q4 (13) | 3.11 | 29.58 | -30.89 | 72.90 | 39.68 | 32.81 | 18.06 | 10.66 | 4.15 | 16.48 | 0.67 | -3.74 | 13.28 | 6.24 | -4.25 | 15.66 | 28.47 | 3.64 | 6.55 | 16.55 | -15.37 | 0.49 | 11.36 | -10.91 | 17.15 | 0.06 | -2.11 | 152.35 | 15.13 | 41.63 | 109.30 | 9.3 | 8.02 | -9.30 | 0 | -681.4 | 5.92 | -5.43 | -1.99 |
| 22Q3 (12) | 2.40 | -50.62 | -45.33 | 52.19 | 0.56 | -0.8 | 16.32 | -5.83 | -17.16 | 16.37 | -18.03 | -16.44 | 12.50 | -22.46 | -21.73 | 12.19 | -29.58 | -15.52 | 5.62 | -30.53 | -30.01 | 0.44 | -12.0 | -12.0 | 17.14 | -16.47 | -14.51 | 132.33 | 23.87 | 54.27 | 100.00 | 15.19 | -1.2 | 0.00 | -100.0 | 0 | 6.26 | -4.13 | -8.21 |
| 22Q2 (11) | 4.86 | 46.83 | 8.0 | 51.90 | 9.73 | -5.15 | 17.33 | 39.2 | -21.08 | 19.97 | 45.77 | -6.94 | 16.12 | 38.25 | -6.44 | 17.31 | 46.08 | 12.7 | 8.09 | 46.03 | -7.22 | 0.50 | 6.38 | 0.0 | 20.52 | 43.0 | -6.13 | 106.83 | -14.45 | 42.16 | 86.81 | -5.15 | -15.18 | 13.19 | 55.6 | 660.44 | 6.53 | 13.17 | -3.12 |
| 22Q1 (10) | 3.31 | -26.44 | 5.75 | 47.30 | -13.83 | -8.67 | 12.45 | -28.2 | -28.73 | 13.70 | -19.98 | -21.85 | 11.66 | -15.93 | -16.89 | 11.85 | -21.58 | 6.47 | 5.54 | -28.42 | -12.76 | 0.47 | -14.55 | 4.44 | 14.35 | -18.09 | -20.85 | 124.88 | 16.09 | 59.39 | 91.53 | -9.55 | -8.47 | 8.47 | 811.86 | 0 | 5.77 | -4.47 | -21.82 |
| 21Q4 (9) | 4.50 | 2.51 | 14.21 | 54.89 | 4.33 | -2.49 | 17.34 | -11.98 | -28.11 | 17.12 | -12.61 | -28.84 | 13.87 | -13.15 | -27.27 | 15.11 | 4.71 | 5.59 | 7.74 | -3.61 | -7.53 | 0.55 | 10.0 | 25.0 | 17.52 | -12.62 | -29.24 | 107.57 | 25.4 | 46.29 | 101.19 | -0.03 | 1.19 | -1.19 | 0 | 0 | 6.04 | -11.44 | -23.64 |
| 21Q3 (8) | 4.39 | -2.44 | 74.9 | 52.61 | -3.86 | -3.11 | 19.70 | -10.29 | -13.37 | 19.59 | -8.71 | -12.19 | 15.97 | -7.31 | -0.31 | 14.43 | -6.05 | 52.22 | 8.03 | -7.91 | 50.09 | 0.50 | 0.0 | 51.52 | 20.05 | -8.28 | -13.73 | 85.78 | 14.15 | 23.25 | 101.22 | -1.11 | -0.62 | 0.00 | 100.0 | 100.0 | 6.82 | 1.19 | -27.75 |
| 21Q2 (7) | 4.50 | 43.77 | 49.5 | 54.72 | 5.66 | 2.36 | 21.96 | 25.7 | -9.44 | 21.46 | 22.42 | -11.29 | 17.23 | 22.81 | -10.63 | 15.36 | 38.01 | 34.86 | 8.72 | 37.32 | 41.79 | 0.50 | 11.11 | 56.25 | 21.86 | 20.57 | -12.56 | 75.15 | -4.08 | -13.88 | 102.35 | 2.35 | 2.35 | -2.35 | 0 | 0 | 6.74 | -8.67 | 0 |
| 21Q1 (6) | 3.13 | -20.56 | 8.68 | 51.79 | -7.99 | 0.04 | 17.47 | -27.57 | -27.03 | 17.53 | -27.14 | -27.17 | 14.03 | -26.43 | -25.96 | 11.13 | -22.22 | -5.03 | 6.35 | -24.13 | -4.94 | 0.45 | 2.27 | 28.57 | 18.13 | -26.78 | -28.4 | 78.35 | 6.56 | -8.38 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | 0 | 7.38 | -6.7 | -28.0 |
| 20Q4 (5) | 3.94 | 56.97 | 50.38 | 56.29 | 3.66 | 4.9 | 24.12 | 6.07 | 0.37 | 24.06 | 7.84 | 3.0 | 19.07 | 19.04 | 23.19 | 14.31 | 50.95 | 32.38 | 8.37 | 56.45 | 28.37 | 0.44 | 33.33 | 4.76 | 24.76 | 6.54 | 1.98 | 73.53 | 5.65 | 9.62 | 100.00 | -1.82 | -1.72 | 0.00 | 100.0 | 100.0 | 7.91 | -16.21 | -23.28 |
| 20Q3 (4) | 2.51 | -16.61 | 0.0 | 54.30 | 1.57 | 0.0 | 22.74 | -6.23 | 0.0 | 22.31 | -7.77 | 0.0 | 16.02 | -16.91 | 0.0 | 9.48 | -16.77 | 0.0 | 5.35 | -13.01 | 0.0 | 0.33 | 3.13 | 0.0 | 23.24 | -7.04 | 0.0 | 69.60 | -20.24 | 0.0 | 101.85 | 1.85 | 0.0 | -1.85 | 0 | 0.0 | 9.44 | 0 | 0.0 |
| 20Q2 (3) | 3.01 | 4.51 | 0.0 | 53.46 | 3.26 | 0.0 | 24.25 | 1.29 | 0.0 | 24.19 | 0.5 | 0.0 | 19.28 | 1.74 | 0.0 | 11.39 | -2.82 | 0.0 | 6.15 | -7.93 | 0.0 | 0.32 | -8.57 | 0.0 | 25.00 | -1.26 | 0.0 | 87.26 | 2.03 | 0.0 | 100.00 | 0.0 | 0.0 | -0.00 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 2.88 | 9.92 | 0.0 | 51.77 | -3.52 | 0.0 | 23.94 | -0.37 | 0.0 | 24.07 | 3.04 | 0.0 | 18.95 | 22.42 | 0.0 | 11.72 | 8.42 | 0.0 | 6.68 | 2.45 | 0.0 | 0.35 | -16.67 | 0.0 | 25.32 | 4.28 | 0.0 | 85.52 | 27.49 | 0.0 | 100.00 | -1.72 | 0.0 | 0.00 | 100.0 | 0.0 | 10.25 | -0.58 | 0.0 |
| 19Q4 (1) | 2.62 | 0.0 | 0.0 | 53.66 | 0.0 | 0.0 | 24.03 | 0.0 | 0.0 | 23.36 | 0.0 | 0.0 | 15.48 | 0.0 | 0.0 | 10.81 | 0.0 | 0.0 | 6.52 | 0.0 | 0.0 | 0.42 | 0.0 | 0.0 | 24.28 | 0.0 | 0.0 | 67.08 | 0.0 | 0.0 | 101.75 | 0.0 | 0.0 | -3.51 | 0.0 | 0.0 | 10.31 | 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) | 13.39 | 20.74 | 58.52 | 2.97 | 18.04 | 11.7 | 0.29 | -11.01 | 17.76 | 6.54 | 14.44 | 7.6 | 63.33 | 13.64 | 23.44 | -4.21 | 1.59 | -11.67 | 18.57 | 7.47 | 196.32 | 28.86 | 101.64 | 5.07 | -1.64 | 0 | 0.62 | -22.85 | 5.72 | -6.54 |
| 2022 (9) | 11.09 | -32.87 | 56.83 | 5.97 | 16.15 | -15.36 | 0.33 | 7.9 | 16.67 | -11.71 | 13.42 | -12.0 | 55.73 | -3.68 | 24.47 | -19.72 | 1.80 | -9.55 | 17.28 | -10.88 | 152.35 | 41.63 | 96.73 | -4.19 | 3.27 | 0 | 0.80 | 44.73 | 6.12 | -8.38 |
| 2021 (8) | 16.52 | 33.98 | 53.63 | -0.94 | 19.08 | -19.8 | 0.30 | -37.64 | 18.88 | -20.27 | 15.25 | -17.03 | 57.86 | 19.99 | 30.48 | 7.17 | 1.99 | 29.22 | 19.39 | -21.15 | 107.57 | 46.29 | 100.96 | 0.55 | -0.96 | 0 | 0.55 | -31.0 | 6.68 | -27.23 |
| 2020 (7) | 12.33 | -20.19 | 54.14 | -0.15 | 23.79 | -10.87 | 0.49 | 67.96 | 23.68 | -11.54 | 18.38 | -13.59 | 48.22 | -19.51 | 28.44 | -28.9 | 1.54 | -18.09 | 24.59 | -10.22 | 73.53 | 9.62 | 100.41 | 0.77 | -0.41 | 0 | 0.80 | -32.89 | 9.18 | 1.77 |
| 2019 (6) | 15.45 | 14.61 | 54.22 | 1.78 | 26.69 | 9.07 | 0.29 | 20.06 | 26.77 | 6.19 | 21.27 | -7.84 | 59.91 | -18.87 | 40.00 | -17.95 | 1.88 | -10.48 | 27.39 | 6.25 | 67.08 | 93.2 | 99.64 | 2.59 | 0.36 | -87.47 | 1.19 | 2.78 | 9.02 | -15.78 |
| 2018 (5) | 13.48 | 0 | 53.27 | -5.45 | 24.47 | 0 | 0.24 | -41.33 | 25.21 | 0 | 23.08 | 0 | 73.84 | 0 | 48.75 | 0 | 2.10 | 17.32 | 25.78 | 0 | 34.72 | -65.86 | 97.13 | 191.39 | 2.87 | -95.69 | 1.16 | 0 | 10.71 | -31.91 |
| 2017 (4) | -0.64 | 0 | 56.34 | -18.76 | -0.55 | 0 | 0.41 | -54.55 | -1.81 | 0 | -1.82 | 0 | -6.48 | 0 | -1.81 | 0 | 1.79 | 40.94 | 0.00 | 0 | 101.69 | 3.86 | 33.33 | -66.27 | 66.67 | 5566.67 | 0.00 | 0 | 15.73 | -35.9 |
| 2016 (3) | -6.31 | 0 | 69.35 | -12.9 | -25.22 | 0 | 0.90 | -45.11 | -25.59 | 0 | -25.58 | 0 | -51.75 | 0 | -31.87 | 0 | 1.27 | 49.41 | -23.19 | 0 | 97.91 | 210.63 | 98.82 | -2.55 | 1.18 | 0 | 0.00 | 0 | 24.54 | -24.84 |
| 2015 (2) | -5.68 | 0 | 79.62 | -4.43 | -29.50 | 0 | 1.65 | -13.42 | -29.29 | 0 | -29.21 | 0 | -30.87 | 0 | -24.85 | 0 | 0.85 | 13.33 | -26.34 | 0 | 31.52 | 65.81 | 101.41 | 1.41 | -1.41 | 0 | 0.00 | 0 | 32.65 | 45.95 |
| 2014 (1) | 1.09 | -83.26 | 83.31 | 0 | 6.53 | 0 | 1.90 | 16.35 | 6.63 | 0 | 5.23 | 0 | 4.60 | 0 | 4.01 | 0 | 0.75 | -22.68 | 9.51 | -72.02 | 19.01 | 14.93 | 100.00 | 5.43 | 0.00 | 0 | 0.00 | 0 | 22.37 | 13.21 |
