- 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) | 0.45 | -53.61 | -72.05 | 14.00 | -12.66 | -27.08 | 8.41 | -19.13 | -39.32 | 4.93 | -54.22 | -70.95 | 3.94 | -56.17 | -70.99 | 1.79 | -51.09 | -71.5 | 0.99 | -53.74 | -71.79 | 0.24 | 4.35 | -7.69 | 9.84 | -37.6 | -53.21 | 93.35 | 6.32 | 21.69 | 171.15 | 77.74 | 109.19 | -71.15 | -2021.15 | -491.35 | 15.98 | -14.36 | -5.78 |
| 24Q2 (19) | 0.97 | -10.19 | -36.18 | 16.03 | 0.5 | -20.05 | 10.40 | 9.47 | -28.62 | 10.77 | -20.69 | -31.79 | 8.99 | -17.22 | -29.82 | 3.66 | -6.87 | -37.86 | 2.14 | -10.46 | -35.93 | 0.23 | 4.55 | -11.54 | 15.77 | -15.76 | -20.71 | 87.80 | 42.14 | 2.59 | 96.30 | 36.78 | 4.72 | 3.70 | -87.82 | -50.43 | 18.66 | -2.66 | 17.21 |
| 24Q1 (18) | 1.08 | 47.95 | -10.74 | 15.95 | -4.83 | -22.95 | 9.50 | -18.66 | -35.2 | 13.58 | 80.35 | -1.81 | 10.86 | 80.1 | -1.81 | 3.93 | 43.43 | -15.3 | 2.39 | 47.53 | -15.25 | 0.22 | -15.38 | -12.0 | 18.72 | 61.66 | 2.13 | 61.77 | -14.45 | -12.77 | 70.40 | -54.67 | -33.85 | 30.40 | 154.98 | 632.0 | 19.17 | 20.72 | 11.84 |
| 23Q4 (17) | 0.73 | -54.66 | -6.41 | 16.76 | -12.71 | -5.1 | 11.68 | -15.73 | -2.42 | 7.53 | -55.63 | -25.07 | 6.03 | -55.6 | -25.0 | 2.74 | -56.37 | -11.9 | 1.62 | -53.85 | -18.18 | 0.26 | 0.0 | 8.33 | 11.58 | -44.94 | -23.36 | 72.20 | -5.88 | 16.87 | 155.29 | 89.8 | 29.41 | -55.29 | -404.12 | -192.73 | 15.88 | -6.37 | -4.8 |
| 23Q3 (16) | 1.61 | 5.92 | 56.31 | 19.20 | -4.24 | 15.73 | 13.86 | -4.87 | 36.28 | 16.97 | 7.47 | 10.05 | 13.58 | 6.01 | 10.14 | 6.28 | 6.62 | 47.07 | 3.51 | 5.09 | 32.45 | 0.26 | 0.0 | 23.81 | 21.03 | 5.73 | -0.85 | 76.71 | -10.36 | 33.04 | 81.82 | -11.02 | 24.28 | 18.18 | 143.36 | -46.78 | 16.96 | 6.53 | -4.5 |
| 23Q2 (15) | 1.52 | 25.62 | 44.76 | 20.05 | -3.14 | 10.77 | 14.57 | -0.61 | 26.15 | 15.79 | 14.17 | 1.41 | 12.81 | 15.82 | -5.11 | 5.89 | 26.94 | 39.57 | 3.34 | 18.44 | 28.46 | 0.26 | 4.0 | 36.84 | 19.89 | 8.51 | -8.72 | 85.58 | 20.86 | 25.91 | 91.95 | -13.6 | 23.7 | 7.47 | 230.75 | -70.89 | 15.92 | -7.12 | -16.82 |
| 23Q1 (14) | 1.21 | 55.13 | 8.04 | 20.70 | 17.21 | 5.94 | 14.66 | 22.47 | 10.47 | 13.83 | 37.61 | -12.69 | 11.06 | 37.56 | -12.71 | 4.64 | 49.2 | 6.18 | 2.82 | 42.42 | 2.55 | 0.25 | 4.17 | 19.05 | 18.33 | 21.31 | -14.39 | 70.81 | 14.62 | 17.59 | 106.43 | -11.31 | 26.93 | -5.71 | 69.75 | -135.37 | 17.14 | 2.76 | -5.25 |
| 22Q4 (13) | 0.78 | -24.27 | -27.78 | 17.66 | 6.45 | -14.4 | 11.97 | 17.7 | -16.82 | 10.05 | -34.82 | -31.07 | 8.04 | -34.79 | -31.05 | 3.11 | -27.17 | -25.24 | 1.98 | -25.28 | -22.35 | 0.24 | 14.29 | 9.09 | 15.11 | -28.76 | -22.35 | 61.78 | 7.15 | 2.03 | 120.00 | 82.28 | 21.02 | -18.89 | -155.28 | -1223.89 | 16.68 | -6.08 | -7.49 |
| 22Q3 (12) | 1.03 | -1.9 | -8.04 | 16.59 | -8.34 | -19.62 | 10.17 | -11.95 | -20.98 | 15.42 | -0.96 | 12.55 | 12.33 | -8.67 | 13.75 | 4.27 | 1.18 | -9.15 | 2.65 | 1.92 | -4.33 | 0.21 | 10.53 | -16.0 | 21.21 | -2.66 | 18.96 | 57.66 | -15.17 | -16.25 | 65.83 | -11.44 | -30.26 | 34.17 | 33.13 | 433.85 | 17.76 | -7.21 | -6.23 |
| 22Q2 (11) | 1.05 | -6.25 | -21.64 | 18.10 | -7.37 | -22.38 | 11.55 | -12.96 | -32.93 | 15.57 | -1.7 | -5.58 | 13.50 | 6.55 | 0.45 | 4.22 | -3.43 | -30.25 | 2.60 | -5.45 | -26.76 | 0.19 | -9.52 | -26.92 | 21.79 | 1.77 | 6.45 | 67.97 | 12.87 | -7.16 | 74.34 | -11.34 | -28.68 | 25.66 | 58.87 | 707.37 | 19.14 | 5.8 | 14.95 |
| 22Q1 (10) | 1.12 | 3.7 | -0.88 | 19.54 | -5.28 | -8.52 | 13.27 | -7.78 | -13.78 | 15.84 | 8.64 | 2.06 | 12.67 | 8.66 | 2.01 | 4.37 | 5.05 | -18.62 | 2.75 | 7.84 | -17.91 | 0.21 | -4.55 | -22.22 | 21.41 | 10.02 | 10.02 | 60.22 | -0.55 | -13.56 | 83.85 | -15.44 | -15.46 | 16.15 | 861.15 | 1854.62 | 18.09 | 0.33 | 4.99 |
| 21Q4 (9) | 1.08 | -3.57 | 17.39 | 20.63 | -0.05 | -10.11 | 14.39 | 11.81 | -13.05 | 14.58 | 6.42 | -2.47 | 11.66 | 7.56 | -2.51 | 4.16 | -11.49 | -9.96 | 2.55 | -7.94 | -18.53 | 0.22 | -12.0 | -15.38 | 19.46 | 9.14 | -0.31 | 60.55 | -12.06 | 16.82 | 99.16 | 5.04 | -9.94 | 1.68 | -73.74 | 115.13 | 18.03 | -4.8 | -1.74 |
| 21Q3 (8) | 1.12 | -16.42 | 57.75 | 20.64 | -11.49 | -1.15 | 12.87 | -25.26 | -11.73 | 13.70 | -16.92 | 5.96 | 10.84 | -19.35 | 4.84 | 4.70 | -22.31 | 25.67 | 2.77 | -21.97 | 13.06 | 0.25 | -3.85 | 4.17 | 17.83 | -12.9 | -0.28 | 68.85 | -5.96 | 56.69 | 94.40 | -9.43 | -15.48 | 6.40 | 251.47 | 149.28 | 18.94 | 13.75 | -4.15 |
| 21Q2 (7) | 1.34 | 18.58 | 44.09 | 23.32 | 9.18 | 6.83 | 17.22 | 11.89 | 6.1 | 16.49 | 6.25 | 12.1 | 13.44 | 8.21 | 12.75 | 6.05 | 12.66 | 19.33 | 3.55 | 5.97 | 14.52 | 0.26 | -3.7 | 0.0 | 20.47 | 5.19 | 6.67 | 73.21 | 5.08 | 17.47 | 104.23 | 5.09 | -5.43 | -4.23 | -611.27 | 58.59 | 16.65 | -3.37 | 0 |
| 21Q1 (6) | 1.13 | 22.83 | 29.89 | 21.36 | -6.93 | -2.33 | 15.39 | -7.01 | 4.69 | 15.52 | 3.81 | -5.31 | 12.42 | 3.85 | -5.26 | 5.37 | 16.23 | 13.77 | 3.35 | 7.03 | 8.77 | 0.27 | 3.85 | 17.39 | 19.46 | -0.31 | -10.24 | 69.67 | 34.42 | 6.12 | 99.17 | -9.92 | 10.98 | 0.83 | 107.44 | -92.23 | 17.23 | -6.1 | 0 |
| 20Q4 (5) | 0.92 | 29.58 | 67.27 | 22.95 | 9.91 | 19.47 | 16.55 | 13.51 | 26.14 | 14.95 | 15.62 | 49.2 | 11.96 | 15.67 | 44.44 | 4.62 | 23.53 | 58.22 | 3.13 | 27.76 | 49.05 | 0.26 | 8.33 | 4.0 | 19.52 | 9.17 | 27.58 | 51.83 | 17.96 | 21.7 | 110.10 | -1.42 | -14.86 | -11.11 | 14.44 | 64.2 | 18.35 | -7.14 | 5.4 |
| 20Q3 (4) | 0.71 | -23.66 | 0.0 | 20.88 | -4.35 | 0.0 | 14.58 | -10.17 | 0.0 | 12.93 | -12.1 | 0.0 | 10.34 | -13.26 | 0.0 | 3.74 | -26.23 | 0.0 | 2.45 | -20.97 | 0.0 | 0.24 | -7.69 | 0.0 | 17.88 | -6.83 | 0.0 | 43.94 | -29.49 | 0.0 | 111.69 | 1.35 | 0.0 | -12.99 | -27.27 | 0.0 | 19.76 | 0 | 0.0 |
| 20Q2 (3) | 0.93 | 6.9 | 0.0 | 21.83 | -0.18 | 0.0 | 16.23 | 10.41 | 0.0 | 14.71 | -10.25 | 0.0 | 11.92 | -9.08 | 0.0 | 5.07 | 7.42 | 0.0 | 3.10 | 0.65 | 0.0 | 0.26 | 13.04 | 0.0 | 19.19 | -11.49 | 0.0 | 62.32 | -5.07 | 0.0 | 110.20 | 23.32 | 0.0 | -10.20 | -195.92 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.87 | 58.18 | 0.0 | 21.87 | 13.85 | 0.0 | 14.70 | 12.04 | 0.0 | 16.39 | 63.57 | 0.0 | 13.11 | 58.33 | 0.0 | 4.72 | 61.64 | 0.0 | 3.08 | 46.67 | 0.0 | 0.23 | -8.0 | 0.0 | 21.68 | 41.7 | 0.0 | 65.65 | 54.14 | 0.0 | 89.36 | -30.89 | 0.0 | 10.64 | 134.28 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.55 | 0.0 | 0.0 | 19.21 | 0.0 | 0.0 | 13.12 | 0.0 | 0.0 | 10.02 | 0.0 | 0.0 | 8.28 | 0.0 | 0.0 | 2.92 | 0.0 | 0.0 | 2.10 | 0.0 | 0.0 | 0.25 | 0.0 | 0.0 | 15.30 | 0.0 | 0.0 | 42.59 | 0.0 | 0.0 | 129.31 | 0.0 | 0.0 | -31.03 | 0.0 | 0.0 | 17.41 | 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) | 5.07 | 27.39 | 19.13 | 6.4 | 13.66 | 16.06 | 4.00 | -27.12 | 13.48 | -4.13 | 10.83 | -5.66 | 19.36 | 22.76 | 11.73 | 18.6 | 1.07 | 25.88 | 17.66 | -10.31 | 72.20 | 16.87 | 101.19 | 20.63 | -1.36 | 0 | 0.00 | 0 | 16.46 | -7.79 |
| 2022 (9) | 3.98 | -13.67 | 17.98 | -16.33 | 11.77 | -21.17 | 5.49 | 32.19 | 14.06 | -6.58 | 11.48 | -4.89 | 15.77 | -20.79 | 9.89 | -22.67 | 0.85 | -19.05 | 19.69 | 1.97 | 61.78 | 2.03 | 83.89 | -15.45 | 16.34 | 1970.53 | 0.00 | 0 | 17.85 | 0.62 |
| 2021 (8) | 4.61 | 34.4 | 21.49 | -1.92 | 14.93 | -4.11 | 4.15 | -12.99 | 15.05 | 2.1 | 12.07 | 2.03 | 19.91 | 15.02 | 12.79 | 8.57 | 1.05 | 6.06 | 19.31 | -1.33 | 60.55 | 16.82 | 99.21 | -6.16 | 0.79 | 0 | 0.00 | 0 | 17.74 | -7.46 |
| 2020 (7) | 3.43 | 32.95 | 21.91 | 12.42 | 15.57 | 19.95 | 4.77 | -9.05 | 14.74 | 14.26 | 11.83 | 17.13 | 17.31 | 30.15 | 11.78 | 23.87 | 0.99 | 5.32 | 19.57 | 7.53 | 51.83 | 21.7 | 105.72 | 4.98 | -5.72 | 0 | 0.00 | 0 | 19.17 | 1.7 |
| 2019 (6) | 2.58 | -24.34 | 19.49 | -6.43 | 12.98 | -8.53 | 5.25 | 13.59 | 12.90 | -18.35 | 10.10 | -20.85 | 13.30 | -26.64 | 9.51 | -26.45 | 0.94 | -6.93 | 18.20 | -10.96 | 42.59 | 10.82 | 100.71 | 12.14 | -0.71 | 0 | 0.00 | 0 | 18.85 | 1.89 |
| 2018 (5) | 3.41 | 46.98 | 20.83 | 14.2 | 14.19 | 19.14 | 4.62 | -6.09 | 15.80 | 38.96 | 12.76 | 36.47 | 18.13 | 33.11 | 12.93 | 38.59 | 1.01 | 2.02 | 20.44 | 25.02 | 38.43 | -10.38 | 89.81 | -14.19 | 10.19 | 0 | 0.00 | 0 | 18.50 | 2.61 |
| 2017 (4) | 2.32 | -9.02 | 18.24 | 1.84 | 11.91 | 2.58 | 4.92 | -8.13 | 11.37 | -6.03 | 9.35 | -6.87 | 13.62 | -13.85 | 9.33 | -11.65 | 0.99 | -5.71 | 16.35 | -6.73 | 42.88 | -16.15 | 104.66 | 9.21 | -4.66 | 0 | 0.00 | 0 | 18.03 | -1.15 |
| 2016 (3) | 2.55 | 57.41 | 17.91 | 10.97 | 11.61 | 40.22 | 5.35 | -7.59 | 12.10 | 43.36 | 10.04 | 47.0 | 15.81 | 53.5 | 10.56 | 50.86 | 1.05 | 2.94 | 17.53 | 23.1 | 51.14 | 3.56 | 95.83 | -2.29 | 4.17 | 116.67 | 0.00 | 0 | 18.24 | 3.99 |
| 2015 (2) | 1.62 | -20.59 | 16.14 | 2.87 | 8.28 | -8.71 | 5.79 | -0.6 | 8.44 | -22.0 | 6.83 | -21.04 | 10.30 | -21.49 | 7.00 | -23.16 | 1.02 | -2.86 | 14.24 | -14.58 | 49.38 | 5.54 | 98.08 | 16.87 | 1.92 | -88.04 | 0.00 | 0 | 17.54 | -4.67 |
| 2014 (1) | 2.04 | 58.14 | 15.69 | 0 | 9.07 | 0 | 5.83 | -16.36 | 10.82 | 0 | 8.65 | 0 | 13.12 | 0 | 9.11 | 0 | 1.05 | 12.9 | 16.67 | 13.94 | 46.79 | 9.81 | 83.92 | -7.69 | 16.08 | 76.88 | 0.00 | 0 | 18.40 | -3.56 |
