- 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) | 2.08 | -36.2 | -40.06 | 28.36 | -18.2 | -17.8 | 10.56 | -33.29 | -32.95 | 10.07 | -42.52 | -47.55 | 7.98 | -40.67 | -47.71 | 2.59 | -36.52 | -42.95 | 1.94 | -34.24 | -40.85 | 0.24 | 9.09 | 14.29 | 12.11 | -38.62 | -43.46 | 26.52 | -39.88 | -24.34 | 104.70 | 15.86 | 27.71 | -4.70 | -148.79 | -126.09 | 16.63 | -6.26 | -7.3 |
| 24Q2 (19) | 3.26 | -18.09 | 22.56 | 34.67 | -0.55 | 5.22 | 15.83 | -5.77 | 15.38 | 17.52 | -14.08 | 7.35 | 13.45 | -17.28 | 13.41 | 4.08 | -15.53 | 25.15 | 2.95 | -19.18 | 19.92 | 0.22 | 0.0 | 4.76 | 19.73 | -12.74 | 6.13 | 44.11 | 27.56 | 1.85 | 90.36 | 9.62 | 7.41 | 9.64 | -45.15 | -39.3 | 17.74 | -1.17 | -4.88 |
| 24Q1 (18) | 3.98 | 34.01 | -1.0 | 34.86 | 4.97 | -3.3 | 16.80 | 1.08 | -15.07 | 20.39 | 48.62 | 4.51 | 16.26 | 32.2 | 5.31 | 4.83 | 29.14 | 1.05 | 3.65 | 28.98 | -2.93 | 0.22 | -4.35 | -8.33 | 22.61 | 42.02 | 5.36 | 34.58 | 11.33 | 41.95 | 82.43 | -32.0 | -18.67 | 17.57 | 182.74 | 1391.22 | 17.95 | 21.53 | 11.77 |
| 23Q4 (17) | 2.97 | -14.41 | -33.56 | 33.21 | -3.74 | -11.79 | 16.62 | 5.52 | -17.02 | 13.72 | -28.54 | -21.38 | 12.30 | -19.4 | -27.9 | 3.74 | -17.62 | -33.69 | 2.83 | -13.72 | -35.97 | 0.23 | 9.52 | -11.54 | 15.92 | -25.68 | -17.81 | 31.06 | -11.38 | 1.17 | 121.23 | 47.87 | 5.62 | -21.23 | -217.86 | -43.59 | 14.77 | -17.67 | -3.9 |
| 23Q3 (16) | 3.47 | 30.45 | -44.75 | 34.50 | 4.7 | -3.44 | 15.75 | 14.8 | -27.62 | 19.20 | 17.65 | -29.64 | 15.26 | 28.67 | -29.52 | 4.54 | 39.26 | -47.39 | 3.28 | 33.33 | -48.51 | 0.21 | 0.0 | -27.59 | 21.42 | 15.22 | -26.09 | 35.05 | -19.07 | 36.12 | 81.98 | -2.55 | 2.89 | 18.02 | 13.5 | -10.69 | 17.94 | -3.81 | 34.28 |
| 23Q2 (15) | 2.66 | -33.83 | -58.5 | 32.95 | -8.6 | -0.3 | 13.72 | -30.64 | -34.64 | 16.32 | -16.35 | -31.28 | 11.86 | -23.19 | -37.91 | 3.26 | -31.8 | -62.27 | 2.46 | -34.57 | -60.26 | 0.21 | -12.5 | -34.38 | 18.59 | -13.37 | -25.88 | 43.31 | 77.79 | -7.42 | 84.13 | -17.0 | -4.83 | 15.87 | 1266.67 | 36.83 | 18.65 | 16.13 | 59.54 |
| 23Q1 (14) | 4.02 | -10.07 | -13.36 | 36.05 | -4.25 | 26.94 | 19.78 | -1.25 | 21.2 | 19.51 | 11.81 | 3.56 | 15.44 | -9.5 | 2.66 | 4.78 | -15.25 | -22.9 | 3.76 | -14.93 | -18.26 | 0.24 | -7.69 | -22.58 | 21.46 | 10.79 | 5.87 | 24.36 | -20.65 | -27.59 | 101.36 | -11.7 | 16.94 | -1.36 | 90.8 | -110.21 | 16.06 | 4.49 | 29.73 |
| 22Q4 (13) | 4.47 | -28.82 | 26.99 | 37.65 | 5.37 | 33.18 | 20.03 | -7.95 | 38.52 | 17.45 | -36.06 | 17.59 | 17.06 | -21.2 | 38.14 | 5.64 | -34.65 | 12.13 | 4.42 | -30.61 | 17.55 | 0.26 | -10.34 | -13.33 | 19.37 | -33.16 | 19.35 | 30.70 | 19.22 | -15.73 | 114.79 | 44.05 | 17.76 | -14.79 | -173.31 | -684.91 | 15.37 | 15.04 | 11.94 |
| 22Q3 (12) | 6.28 | -2.03 | -2.79 | 35.73 | 8.11 | 8.93 | 21.76 | 3.67 | -3.07 | 27.29 | 14.91 | 19.59 | 21.65 | 13.35 | 18.89 | 8.63 | -0.12 | -8.68 | 6.37 | 2.91 | -11.16 | 0.29 | -9.38 | -25.64 | 28.98 | 15.55 | 21.2 | 25.75 | -44.96 | -19.76 | 79.69 | -9.86 | -19.0 | 20.17 | 73.88 | 1145.14 | 13.36 | 14.29 | 22.68 |
| 22Q2 (11) | 6.41 | 38.15 | 10.71 | 33.05 | 16.37 | 7.37 | 20.99 | 28.62 | -1.78 | 23.75 | 26.06 | 12.67 | 19.10 | 26.99 | 14.03 | 8.64 | 39.35 | -2.04 | 6.19 | 34.57 | -8.57 | 0.32 | 3.23 | -20.0 | 25.08 | 23.73 | 13.23 | 46.78 | 39.06 | 46.6 | 88.40 | 1.98 | -12.89 | 11.60 | -12.91 | 981.64 | 11.69 | -5.57 | 23.05 |
| 22Q1 (10) | 4.64 | 31.82 | 46.37 | 28.40 | 0.46 | -0.04 | 16.32 | 12.86 | -0.55 | 18.84 | 26.95 | 11.02 | 15.04 | 21.78 | 11.82 | 6.20 | 23.26 | 19.92 | 4.60 | 22.34 | 13.86 | 0.31 | 3.33 | 3.33 | 20.27 | 24.89 | 9.51 | 33.64 | -7.66 | 17.13 | 86.68 | -11.07 | -10.32 | 13.32 | 426.87 | 298.38 | 12.38 | -9.83 | -0.72 |
| 21Q4 (9) | 3.52 | -45.51 | 62.96 | 28.27 | -13.81 | -2.95 | 14.46 | -35.59 | -2.49 | 14.84 | -34.97 | 8.32 | 12.35 | -32.18 | 8.62 | 5.03 | -46.77 | 33.78 | 3.76 | -47.56 | 24.92 | 0.30 | -23.08 | 15.38 | 16.23 | -32.12 | 3.91 | 36.43 | 13.52 | 31.0 | 97.47 | -0.92 | -10.03 | 2.53 | 56.05 | 130.34 | 13.73 | 26.08 | -0.22 |
| 21Q3 (8) | 6.46 | 11.57 | 170.29 | 32.80 | 6.56 | 8.25 | 22.45 | 5.05 | 38.41 | 22.82 | 8.25 | 49.84 | 18.21 | 8.72 | 51.62 | 9.45 | 7.14 | 121.31 | 7.17 | 5.91 | 117.93 | 0.39 | -2.5 | 44.44 | 23.91 | 7.95 | 40.4 | 32.09 | 0.56 | 40.99 | 98.38 | -3.06 | -7.58 | 1.62 | 223.12 | 125.11 | 10.89 | 14.63 | -22.55 |
| 21Q2 (7) | 5.79 | 82.65 | 87.38 | 30.78 | 8.34 | 6.21 | 21.37 | 30.23 | 24.61 | 21.08 | 24.22 | 33.08 | 16.75 | 24.54 | 29.34 | 8.82 | 70.6 | 65.17 | 6.77 | 67.57 | 67.57 | 0.40 | 33.33 | 29.03 | 22.15 | 19.67 | 27.52 | 31.91 | 11.11 | -15.4 | 101.48 | 4.99 | -6.23 | -1.32 | -139.35 | 84.0 | 9.50 | -23.82 | 0 |
| 21Q1 (6) | 3.17 | 46.76 | -19.95 | 28.41 | -2.47 | -7.79 | 16.41 | 10.65 | -12.43 | 16.97 | 23.87 | -13.86 | 13.45 | 18.29 | -13.95 | 5.17 | 37.5 | -24.19 | 4.04 | 34.22 | -25.32 | 0.30 | 15.38 | -14.29 | 18.51 | 18.5 | -12.27 | 28.72 | 3.27 | 6.02 | 96.66 | -10.78 | 1.48 | 3.34 | 140.12 | -29.61 | 12.47 | -9.37 | 0 |
| 20Q4 (5) | 2.16 | -9.62 | -25.0 | 29.13 | -3.86 | -7.05 | 14.83 | -8.57 | -18.87 | 13.70 | -10.05 | -15.85 | 11.37 | -5.33 | -11.52 | 3.76 | -11.94 | -29.98 | 3.01 | -8.51 | -27.64 | 0.26 | -3.7 | -18.75 | 15.62 | -8.28 | -11.8 | 27.81 | 22.19 | 8.46 | 108.33 | 1.77 | -3.34 | -8.33 | -29.17 | 32.88 | 13.76 | -2.13 | 7.75 |
| 20Q3 (4) | 2.39 | -22.65 | 0.0 | 30.30 | 4.55 | 0.0 | 16.22 | -5.42 | 0.0 | 15.23 | -3.85 | 0.0 | 12.01 | -7.26 | 0.0 | 4.27 | -20.04 | 0.0 | 3.29 | -18.56 | 0.0 | 0.27 | -12.9 | 0.0 | 17.03 | -1.96 | 0.0 | 22.76 | -39.66 | 0.0 | 106.45 | -1.64 | 0.0 | -6.45 | 21.55 | 0.0 | 14.06 | 0 | 0.0 |
| 20Q2 (3) | 3.09 | -21.97 | 0.0 | 28.98 | -5.94 | 0.0 | 17.15 | -8.48 | 0.0 | 15.84 | -19.59 | 0.0 | 12.95 | -17.15 | 0.0 | 5.34 | -21.7 | 0.0 | 4.04 | -25.32 | 0.0 | 0.31 | -11.43 | 0.0 | 17.37 | -17.68 | 0.0 | 37.72 | 39.24 | 0.0 | 108.22 | 13.62 | 0.0 | -8.22 | -273.13 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 3.96 | 37.5 | 0.0 | 30.81 | -1.69 | 0.0 | 18.74 | 2.52 | 0.0 | 19.70 | 21.01 | 0.0 | 15.63 | 21.63 | 0.0 | 6.82 | 27.0 | 0.0 | 5.41 | 30.05 | 0.0 | 0.35 | 9.37 | 0.0 | 21.10 | 19.14 | 0.0 | 27.09 | 5.66 | 0.0 | 95.25 | -15.02 | 0.0 | 4.75 | 138.26 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 2.88 | 0.0 | 0.0 | 31.34 | 0.0 | 0.0 | 18.28 | 0.0 | 0.0 | 16.28 | 0.0 | 0.0 | 12.85 | 0.0 | 0.0 | 5.37 | 0.0 | 0.0 | 4.16 | 0.0 | 0.0 | 0.32 | 0.0 | 0.0 | 17.71 | 0.0 | 0.0 | 25.64 | 0.0 | 0.0 | 112.08 | 0.0 | 0.0 | -12.42 | 0.0 | 0.0 | 12.77 | 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) | 12.98 | -39.52 | 34.23 | 1.97 | 16.60 | -16.12 | 1.78 | 42.18 | 17.21 | -21.77 | 13.76 | -24.64 | 16.04 | -43.94 | 12.32 | -42.75 | 0.89 | -24.58 | 19.36 | -17.9 | 31.06 | 1.17 | 96.44 | 7.17 | 3.56 | -64.42 | 0.42 | -11.9 | 16.78 | 28.19 |
| 2022 (9) | 21.46 | 13.31 | 33.57 | 10.68 | 19.79 | 3.5 | 1.25 | 31.61 | 22.00 | 13.75 | 18.26 | 17.65 | 28.61 | -1.45 | 21.52 | -1.87 | 1.18 | -16.31 | 23.58 | 14.63 | 30.70 | -15.73 | 89.98 | -8.96 | 10.02 | 758.9 | 0.47 | -17.19 | 13.09 | 14.12 |
| 2021 (8) | 18.94 | 65.27 | 30.33 | 1.68 | 19.12 | 13.27 | 0.95 | -29.12 | 19.34 | 18.43 | 15.52 | 18.02 | 29.03 | 44.43 | 21.93 | 38.1 | 1.41 | 16.53 | 20.57 | 14.4 | 36.43 | 31.0 | 98.83 | -4.36 | 1.17 | 0 | 0.57 | 22.43 | 11.47 | -11.57 |
| 2020 (7) | 11.46 | -9.91 | 29.83 | -5.24 | 16.88 | -10.55 | 1.34 | 30.02 | 16.33 | -8.57 | 13.15 | -5.94 | 20.10 | -17.86 | 15.88 | -16.68 | 1.21 | -11.03 | 17.98 | -6.84 | 27.81 | 8.46 | 103.34 | -2.17 | -3.42 | 0 | 0.47 | 9.74 | 12.97 | 7.63 |
| 2019 (6) | 12.72 | 17.02 | 31.48 | 27.6 | 18.87 | 33.83 | 1.03 | 80.45 | 17.86 | 27.85 | 13.98 | 29.32 | 24.47 | 4.89 | 19.06 | 9.73 | 1.36 | -15.0 | 19.30 | 29.97 | 25.64 | -19.9 | 105.63 | 4.67 | -5.63 | 0 | 0.43 | -12.11 | 12.05 | 21.47 |
| 2018 (5) | 10.87 | 0.09 | 24.67 | -8.97 | 14.10 | -7.36 | 0.57 | 6.96 | 13.97 | -0.43 | 10.81 | -3.22 | 23.33 | -3.79 | 17.37 | 4.39 | 1.60 | 8.11 | 14.85 | -0.93 | 32.01 | -14.55 | 100.91 | -6.99 | -1.00 | 0 | 0.48 | 0 | 9.92 | -5.97 |
| 2017 (4) | 10.86 | 53.82 | 27.10 | -0.44 | 15.22 | 28.44 | 0.53 | -24.7 | 14.03 | 22.64 | 11.17 | 27.8 | 24.25 | 49.41 | 16.64 | 56.1 | 1.48 | 24.37 | 14.99 | 16.47 | 37.46 | -36.97 | 108.50 | 4.76 | -8.50 | 0 | 0.00 | 0 | 10.55 | -19.77 |
| 2016 (3) | 7.06 | -21.73 | 27.22 | -1.2 | 11.85 | -18.28 | 0.71 | 15.38 | 11.44 | -24.59 | 8.74 | -26.37 | 16.23 | -31.26 | 10.66 | -36.96 | 1.19 | -16.2 | 12.87 | -21.28 | 59.43 | 15.87 | 103.57 | 8.29 | -3.57 | 0 | 0.00 | 0 | 13.15 | 8.68 |
| 2015 (2) | 9.02 | 5.25 | 27.55 | -1.85 | 14.50 | 0.35 | 0.62 | 14.37 | 15.17 | -13.02 | 11.87 | -17.28 | 23.61 | -15.13 | 16.91 | -21.64 | 1.42 | -5.33 | 16.35 | -12.71 | 51.29 | 82.46 | 95.64 | 15.52 | 4.36 | -74.66 | 0.00 | 0 | 12.10 | 1.26 |
| 2014 (1) | 8.57 | 50.88 | 28.07 | 0 | 14.45 | 0 | 0.54 | -16.36 | 17.44 | 0 | 14.35 | 0 | 27.82 | 0 | 21.58 | 0 | 1.50 | -6.25 | 18.73 | 28.11 | 28.11 | -9.85 | 82.79 | -11.04 | 17.21 | 138.16 | 0.00 | 0 | 11.95 | 8.34 |
