- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q2 (20) | 0.50 | 19.05 | -19.35 | 30.74 | 8.13 | -1.38 | 10.50 | 41.13 | -19.11 | 11.09 | 19.12 | -22.56 | 7.54 | 15.64 | -22.11 | 2.52 | 31.94 | -26.96 | 1.62 | 27.56 | -21.74 | 0.20 | 11.11 | 0.0 | 18.73 | 6.24 | -11.94 | 70.22 | 17.54 | -17.59 | 94.71 | 18.39 | 4.61 | 5.29 | -73.55 | -42.98 | 22.21 | -7.23 | 9.9 |
| 24Q1 (19) | 0.42 | 5.0 | -54.84 | 28.43 | -1.22 | -8.41 | 7.44 | -22.42 | -44.89 | 9.31 | 16.52 | -31.69 | 6.52 | 11.07 | -34.41 | 1.91 | 0.0 | -42.12 | 1.27 | 2.42 | -38.35 | 0.18 | -5.26 | -10.0 | 17.63 | 9.98 | -15.12 | 59.74 | -6.63 | -6.47 | 80.00 | -33.41 | -19.18 | 20.00 | 199.29 | 1876.0 | 23.94 | 20.97 | 31.83 |
| 23Q4 (18) | 0.40 | -57.45 | -68.0 | 28.78 | -9.58 | -14.83 | 9.59 | -21.33 | -44.05 | 7.99 | -43.13 | -50.95 | 5.87 | -42.28 | -51.12 | 1.91 | -48.1 | -58.11 | 1.24 | -42.86 | -54.41 | 0.19 | -5.0 | -13.64 | 16.03 | -24.6 | -29.29 | 63.98 | -10.27 | -8.4 | 120.14 | 38.55 | 14.19 | -20.14 | -251.65 | -286.29 | 19.79 | -3.27 | 5.21 |
| 23Q3 (17) | 0.94 | 51.61 | -51.3 | 31.83 | 2.12 | -7.79 | 12.19 | -6.09 | -33.79 | 14.05 | -1.89 | -35.43 | 10.17 | 5.06 | -36.6 | 3.68 | 6.67 | -42.5 | 2.17 | 4.83 | -40.22 | 0.20 | 0.0 | -9.09 | 21.26 | -0.05 | -23.85 | 71.30 | -16.32 | -3.02 | 86.72 | -4.22 | 2.49 | 13.28 | 43.19 | -13.71 | 20.46 | 1.24 | 11.74 |
| 23Q2 (16) | 0.62 | -33.33 | -60.0 | 31.17 | 0.42 | -11.52 | 12.98 | -3.85 | -31.18 | 14.32 | 5.06 | -30.18 | 9.68 | -2.62 | -33.24 | 3.45 | 4.55 | -41.92 | 2.07 | 0.49 | -39.3 | 0.20 | 0.0 | -13.04 | 21.27 | 2.41 | -19.92 | 85.21 | 33.41 | 1.49 | 90.54 | -8.54 | -1.59 | 9.28 | 816.51 | 16.03 | 20.21 | 11.29 | 10.32 |
| 23Q1 (15) | 0.93 | -25.6 | -40.0 | 31.04 | -8.14 | -5.34 | 13.50 | -21.24 | -19.11 | 13.63 | -16.33 | -25.36 | 9.94 | -17.24 | -23.12 | 3.30 | -27.63 | -35.17 | 2.06 | -24.26 | -31.56 | 0.20 | -9.09 | -13.04 | 20.77 | -8.38 | -15.12 | 63.87 | -8.56 | -7.53 | 98.99 | -5.92 | 8.32 | 1.01 | 119.41 | -88.25 | 18.16 | -3.46 | 1.45 |
| 22Q4 (14) | 1.25 | -35.23 | 14.68 | 33.79 | -2.11 | 4.97 | 17.14 | -6.9 | 11.08 | 16.29 | -25.14 | 7.17 | 12.01 | -25.12 | 10.49 | 4.56 | -28.75 | 5.56 | 2.72 | -25.07 | 9.24 | 0.22 | 0.0 | -4.35 | 22.67 | -18.8 | 5.29 | 69.85 | -4.99 | -4.63 | 105.21 | 24.36 | 3.69 | -5.21 | -133.88 | -215.78 | 18.81 | 2.73 | 1.24 |
| 22Q3 (13) | 1.93 | 24.52 | 93.0 | 34.52 | -2.02 | 13.03 | 18.41 | -2.39 | 25.84 | 21.76 | 6.09 | 41.48 | 16.04 | 10.62 | 45.29 | 6.40 | 7.74 | 43.82 | 3.63 | 6.45 | 44.62 | 0.22 | -4.35 | 0.0 | 27.92 | 5.12 | 28.6 | 73.52 | -12.43 | -6.89 | 84.61 | -8.04 | -10.91 | 15.39 | 92.54 | 217.34 | 18.31 | -0.05 | -3.28 |
| 22Q2 (12) | 1.55 | 0.0 | 115.28 | 35.23 | 7.44 | 12.23 | 18.86 | 13.0 | 34.71 | 20.51 | 12.32 | 43.43 | 14.50 | 12.14 | 48.87 | 5.94 | 16.7 | 63.19 | 3.41 | 13.29 | 60.09 | 0.23 | 0.0 | 9.52 | 26.56 | 8.54 | 26.18 | 83.96 | 21.56 | 2.72 | 92.00 | 0.68 | -5.96 | 8.00 | -7.18 | 269.37 | 18.32 | 2.35 | -2.08 |
| 22Q1 (11) | 1.55 | 42.2 | 109.46 | 32.79 | 1.86 | 5.33 | 16.69 | 8.17 | 22.0 | 18.26 | 20.13 | 29.78 | 12.93 | 18.95 | 27.14 | 5.09 | 17.82 | 45.01 | 3.01 | 20.88 | 47.55 | 0.23 | 0.0 | 15.0 | 24.47 | 13.66 | 11.99 | 69.07 | -5.69 | 2.66 | 91.39 | -9.94 | -6.06 | 8.61 | 621.57 | 217.12 | 17.90 | -3.66 | -11.3 |
| 21Q4 (10) | 1.09 | 9.0 | 29.76 | 32.19 | 5.4 | -0.49 | 15.43 | 5.47 | 3.63 | 15.20 | -1.17 | -2.88 | 10.87 | -1.54 | -10.76 | 4.32 | -2.92 | -8.86 | 2.49 | -0.8 | -4.23 | 0.23 | 4.55 | 15.0 | 21.53 | -0.83 | -9.69 | 73.24 | -7.24 | -15.24 | 101.47 | 6.85 | 6.54 | -1.65 | -134.04 | -134.68 | 18.58 | -1.85 | -6.16 |
| 21Q3 (9) | 1.00 | 38.89 | 72.41 | 30.54 | -2.71 | -0.72 | 14.63 | 4.5 | 10.08 | 15.38 | 7.55 | 15.9 | 11.04 | 13.35 | 14.88 | 4.45 | 22.25 | 24.65 | 2.51 | 17.84 | 36.41 | 0.22 | 4.76 | 22.22 | 21.71 | 3.14 | -1.81 | 78.96 | -3.4 | -19.81 | 94.96 | -2.94 | -5.04 | 4.85 | 124.1 | 1822.01 | 18.93 | 1.18 | 3.61 |
| 21Q2 (8) | 0.72 | -2.7 | 60.0 | 31.39 | 0.84 | 5.65 | 14.00 | 2.34 | 26.81 | 14.30 | 1.63 | 26.89 | 9.74 | -4.23 | 20.1 | 3.64 | 3.7 | 38.4 | 2.13 | 4.41 | 69.05 | 0.21 | 5.0 | 23.53 | 21.05 | -3.66 | 6.05 | 81.74 | 21.49 | -21.35 | 97.84 | 0.57 | -0.3 | 2.16 | -20.31 | -3.32 | 18.71 | -7.28 | 0 |
| 21Q1 (7) | 0.74 | -11.9 | 76.19 | 31.13 | -3.77 | 8.05 | 13.68 | -8.13 | 60.0 | 14.07 | -10.1 | 37.67 | 10.17 | -16.5 | 32.77 | 3.51 | -25.95 | 45.64 | 2.04 | -21.54 | 48.91 | 0.20 | 0.0 | 17.65 | 21.85 | -8.35 | 10.02 | 67.28 | -22.14 | -21.73 | 97.28 | 2.15 | 15.88 | 2.72 | -42.96 | -83.5 | 20.18 | 1.92 | -7.43 |
| 20Q4 (6) | 0.84 | 44.83 | 37.7 | 32.35 | 5.17 | 1.25 | 14.89 | 12.04 | 11.45 | 15.65 | 17.94 | 16.18 | 12.18 | 26.74 | 20.24 | 4.74 | 32.77 | 25.4 | 2.60 | 41.3 | 33.33 | 0.20 | 11.11 | 5.26 | 23.84 | 7.82 | 11.35 | 86.41 | -12.25 | -6.23 | 95.24 | -4.76 | -3.97 | 4.76 | 1790.48 | 477.78 | 19.80 | 8.37 | 0 |
| 20Q3 (5) | 0.58 | 28.89 | 13.73 | 30.76 | 3.53 | -1.06 | 13.29 | 20.38 | 15.16 | 13.27 | 17.75 | 18.48 | 9.61 | 18.5 | 9.45 | 3.57 | 35.74 | 6.25 | 1.84 | 46.03 | 11.52 | 0.18 | 5.88 | 0.0 | 22.11 | 11.39 | 19.13 | 98.47 | -5.25 | -9.78 | 100.00 | 1.9 | -3.26 | -0.28 | -112.58 | 90.7 | 18.27 | 0 | -11.65 |
| 20Q2 (4) | 0.45 | 7.14 | 0.0 | 29.71 | 3.12 | 0.0 | 11.04 | 29.12 | 0.0 | 11.27 | 10.27 | 0.0 | 8.11 | 5.87 | 0.0 | 2.63 | 9.13 | 0.0 | 1.26 | -8.03 | 0.0 | 0.17 | 0.0 | 0.0 | 19.85 | -0.05 | 0.0 | 103.93 | 20.91 | 0.0 | 98.13 | 16.9 | 0.0 | 2.24 | -86.4 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (3) | 0.42 | -31.15 | 0.0 | 28.81 | -9.83 | 0.0 | 8.55 | -36.0 | 0.0 | 10.22 | -24.13 | 0.0 | 7.66 | -24.38 | 0.0 | 2.41 | -36.24 | 0.0 | 1.37 | -29.74 | 0.0 | 0.17 | -10.53 | 0.0 | 19.86 | -7.24 | 0.0 | 85.96 | -6.72 | 0.0 | 83.95 | -15.35 | 0.0 | 16.46 | 1897.26 | 0.0 | 21.80 | 0 | 0.0 |
| 19Q4 (2) | 0.61 | 19.61 | 0.0 | 31.95 | 2.77 | 0.0 | 13.36 | 15.77 | 0.0 | 13.47 | 20.27 | 0.0 | 10.13 | 15.38 | 0.0 | 3.78 | 12.5 | 0.0 | 1.95 | 18.18 | 0.0 | 0.19 | 5.56 | 0.0 | 21.41 | 15.36 | 0.0 | 92.15 | -15.57 | 0.0 | 99.18 | -4.05 | 0.0 | 0.82 | 127.2 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q3 (1) | 0.51 | 0.0 | 0.0 | 31.09 | 0.0 | 0.0 | 11.54 | 0.0 | 0.0 | 11.20 | 0.0 | 0.0 | 8.78 | 0.0 | 0.0 | 3.36 | 0.0 | 0.0 | 1.65 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 18.56 | 0.0 | 0.0 | 109.14 | 0.0 | 0.0 | 103.37 | 0.0 | 0.0 | -3.03 | 0.0 | 0.0 | 20.68 | 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) | 2.89 | -53.98 | 30.74 | -9.85 | 12.10 | -31.98 | 5.80 | 15.21 | 12.57 | -34.57 | 8.96 | -35.45 | 12.23 | -43.95 | 7.69 | -40.48 | 0.82 | -10.87 | 19.90 | -21.65 | 63.98 | -8.4 | 96.25 | 3.94 | 3.75 | -49.26 | 10.53 | 32.79 | 19.66 | 7.2 |
| 2022 (9) | 6.28 | 76.9 | 34.10 | 8.88 | 17.79 | 22.77 | 5.04 | -9.47 | 19.21 | 29.97 | 13.88 | 32.32 | 21.82 | 34.77 | 12.92 | 40.43 | 0.92 | 6.98 | 25.40 | 17.97 | 69.85 | -4.63 | 92.60 | -5.51 | 7.40 | 269.56 | 7.93 | -10.2 | 18.34 | -3.78 |
| 2021 (8) | 3.55 | 55.02 | 31.32 | 2.62 | 14.49 | 19.36 | 5.56 | -22.83 | 14.78 | 15.56 | 10.49 | 9.84 | 16.19 | 25.02 | 9.20 | 30.5 | 0.86 | 19.44 | 21.53 | -0.14 | 73.24 | -15.24 | 98.00 | 3.2 | 2.00 | -60.29 | 8.83 | -15.6 | 19.06 | -4.7 |
| 2020 (7) | 2.29 | 0.0 | 30.52 | -4.63 | 12.14 | -1.78 | 7.21 | 24.34 | 12.79 | 3.4 | 9.55 | -0.83 | 12.95 | -5.41 | 7.05 | -5.87 | 0.72 | -2.7 | 21.56 | 8.89 | 86.41 | -6.23 | 94.96 | -4.97 | 5.04 | 6448.76 | 10.46 | -9.69 | 20.00 | 22.1 |
| 2019 (6) | 2.29 | -35.13 | 32.00 | -12.83 | 12.36 | -30.48 | 5.80 | 53.91 | 12.37 | -33.03 | 9.63 | -25.92 | 13.69 | -22.08 | 7.49 | -25.62 | 0.74 | -1.33 | 19.80 | -15.67 | 92.15 | 1.26 | 99.92 | 3.78 | 0.08 | -97.96 | 11.59 | 16.15 | 16.38 | -14.11 |
| 2018 (5) | 3.53 | -6.37 | 36.71 | -0.24 | 17.78 | -1.11 | 3.77 | 5.54 | 18.47 | 0.05 | 13.00 | -7.28 | 17.57 | -5.08 | 10.07 | -10.81 | 0.75 | -5.06 | 23.48 | 2.44 | 91.00 | 34.62 | 96.28 | -1.16 | 3.77 | 45.81 | 9.98 | 0 | 19.07 | -3.74 |
| 2017 (4) | 3.77 | 12.87 | 36.80 | 1.43 | 17.98 | 3.93 | 3.57 | -0.77 | 18.46 | 5.49 | 14.02 | 9.02 | 18.51 | 10.38 | 11.29 | 6.71 | 0.79 | -1.25 | 22.92 | 3.06 | 67.60 | 2.28 | 97.41 | -1.49 | 2.59 | 131.93 | 0.00 | 0 | 19.81 | 5.77 |
| 2016 (3) | 3.34 | 0.91 | 36.28 | 4.89 | 17.30 | -7.49 | 3.60 | -8.36 | 17.50 | -11.12 | 12.86 | -11.92 | 16.77 | -4.34 | 10.58 | -9.42 | 0.80 | 1.27 | 22.24 | -7.18 | 66.09 | 7.1 | 98.88 | 4.07 | 1.12 | -77.6 | 0.00 | 0 | 18.73 | 4.52 |
| 2015 (2) | 3.31 | 31.87 | 34.59 | 7.76 | 18.70 | 9.61 | 3.93 | -4.19 | 19.69 | 9.82 | 14.60 | 21.87 | 17.53 | 15.79 | 11.68 | 8.15 | 0.79 | -10.23 | 23.96 | 6.92 | 61.71 | 45.23 | 95.02 | -0.17 | 4.98 | 3.45 | 0.00 | 0 | 17.92 | 8.87 |
| 2014 (1) | 2.51 | 55.9 | 32.10 | 0 | 17.06 | 0 | 4.10 | -20.94 | 17.93 | 0 | 11.98 | 0 | 15.14 | 0 | 10.80 | 0 | 0.88 | 2.33 | 22.41 | 17.76 | 42.49 | -2.61 | 95.18 | -11.57 | 4.82 | 0 | 0.00 | 0 | 16.46 | 3.98 |
