- 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) | 1.91 | 11.7 | 14.37 | 53.52 | -1.83 | 13.34 | 22.90 | -3.62 | 4.57 | 24.73 | -11.2 | -2.06 | 27.18 | 25.43 | 34.55 | 4.16 | 7.77 | 8.05 | 3.30 | 12.63 | 9.27 | 0.12 | -14.29 | -20.0 | 26.79 | -9.83 | -1.25 | 21.70 | -30.05 | -5.82 | 92.75 | 9.05 | 6.92 | 7.25 | -51.51 | -45.32 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 1.71 | 24.82 | 67.65 | 54.52 | 20.94 | 9.74 | 23.76 | 42.11 | 34.92 | 27.85 | 27.34 | 32.18 | 21.67 | 23.9 | 49.97 | 3.86 | 24.52 | 58.85 | 2.93 | 21.07 | 58.38 | 0.14 | 0.0 | 7.69 | 29.71 | 25.25 | 28.45 | 31.02 | -4.96 | -5.54 | 85.06 | 11.23 | 2.42 | 14.94 | -36.49 | -11.84 | 22.03 | 2.9 | -3.25 |
| 24Q1 (18) | 1.37 | -3.52 | 42.71 | 45.08 | -5.75 | -11.36 | 16.72 | -26.15 | -7.88 | 21.87 | -1.44 | 16.21 | 17.49 | -1.46 | 16.21 | 3.10 | -2.52 | 39.01 | 2.42 | -6.2 | 35.96 | 0.14 | -6.67 | 16.67 | 23.72 | -1.74 | 13.22 | 32.64 | 38.19 | 5.49 | 76.47 | -24.59 | -20.2 | 23.53 | 1770.59 | 464.71 | 21.41 | 39.66 | -15.07 |
| 23Q4 (17) | 1.42 | -14.97 | -35.16 | 47.83 | 1.29 | -11.8 | 22.64 | 3.38 | -26.11 | 22.19 | -12.12 | -27.15 | 17.75 | -12.13 | -40.16 | 3.18 | -17.4 | -37.4 | 2.58 | -14.57 | -38.28 | 0.15 | 0.0 | 7.14 | 24.14 | -11.02 | -25.54 | 23.62 | 2.52 | 17.22 | 101.41 | 16.9 | 0.28 | -1.41 | -110.63 | -25.35 | 15.33 | -24.37 | 6.09 |
| 23Q3 (16) | 1.67 | 63.73 | 4.37 | 47.22 | -4.95 | -12.13 | 21.90 | 24.36 | -5.56 | 25.25 | 19.84 | -15.01 | 20.20 | 39.79 | -15.02 | 3.85 | 58.44 | -0.77 | 3.02 | 63.24 | 3.42 | 0.15 | 15.38 | 25.0 | 27.13 | 17.29 | -14.47 | 23.04 | -29.84 | -0.52 | 86.75 | 4.45 | 11.93 | 13.25 | -21.81 | -37.63 | 20.27 | -10.98 | -17.03 |
| 23Q2 (15) | 1.02 | 6.25 | -51.66 | 49.68 | -2.32 | 7.79 | 17.61 | -2.98 | -27.74 | 21.07 | 11.96 | -24.37 | 14.45 | -3.99 | -29.44 | 2.43 | 8.97 | -54.75 | 1.85 | 3.93 | -50.53 | 0.13 | 8.33 | -27.78 | 23.13 | 10.41 | -22.28 | 32.84 | 6.14 | -25.53 | 83.05 | -13.34 | -5.32 | 16.95 | 306.78 | 38.01 | 22.77 | -9.68 | 42.49 |
| 23Q1 (14) | 0.96 | -56.16 | -52.0 | 50.86 | -6.21 | 22.82 | 18.15 | -40.76 | -17.76 | 18.82 | -38.21 | -24.14 | 15.05 | -49.26 | -24.14 | 2.23 | -56.1 | -55.75 | 1.78 | -57.42 | -52.91 | 0.12 | -14.29 | -36.84 | 20.95 | -35.38 | -19.79 | 30.94 | 53.55 | -28.18 | 95.83 | -5.23 | 7.68 | 4.17 | 470.83 | -62.12 | 25.21 | 74.46 | 61.6 |
| 22Q4 (13) | 2.19 | 36.87 | -13.44 | 54.23 | 0.91 | 17.36 | 30.64 | 32.13 | -3.59 | 30.46 | 2.52 | -7.89 | 29.66 | 24.78 | 4.18 | 5.08 | 30.93 | -19.62 | 4.18 | 43.15 | -14.69 | 0.14 | 16.67 | -17.65 | 32.42 | 2.21 | -8.44 | 20.15 | -13.0 | -17.65 | 101.12 | 30.48 | 5.64 | -1.12 | -105.29 | -126.29 | 14.45 | -40.85 | 100.14 |
| 22Q3 (12) | 1.60 | -24.17 | -8.57 | 53.74 | 16.6 | 10.51 | 23.19 | -4.84 | -16.13 | 29.71 | 6.64 | 8.39 | 23.77 | 16.06 | 38.6 | 3.88 | -27.75 | -16.2 | 2.92 | -21.93 | -6.71 | 0.12 | -33.33 | -33.33 | 31.72 | 6.59 | 9.15 | 23.16 | -47.48 | -31.68 | 77.50 | -11.65 | -23.19 | 21.25 | 73.04 | 2458.75 | 24.43 | 52.88 | 47.52 |
| 22Q2 (11) | 2.11 | 5.5 | -48.41 | 46.09 | 11.3 | 12.14 | 24.37 | 10.42 | -7.76 | 27.86 | 12.29 | 7.4 | 20.48 | 3.23 | -7.79 | 5.37 | 6.55 | -39.18 | 3.74 | -1.06 | -35.63 | 0.18 | -5.26 | -30.77 | 29.76 | 13.94 | 8.69 | 44.10 | 2.37 | -29.6 | 87.72 | -1.44 | -13.92 | 12.28 | 11.64 | 746.78 | 15.98 | 2.44 | 41.29 |
| 22Q1 (10) | 2.00 | -20.95 | -15.61 | 41.41 | -10.39 | -5.99 | 22.07 | -30.55 | -5.4 | 24.81 | -24.98 | 7.08 | 19.84 | -30.31 | 7.07 | 5.04 | -20.25 | 0.2 | 3.78 | -22.86 | 10.53 | 0.19 | 11.76 | 5.56 | 26.12 | -26.24 | 3.24 | 43.08 | 76.05 | 1.51 | 89.00 | -7.03 | -11.9 | 11.00 | 157.4 | 1178.0 | 15.60 | 116.07 | -2.92 |
| 21Q4 (9) | 2.53 | 44.57 | -52.97 | 46.21 | -4.98 | 21.64 | 31.78 | 14.94 | 14.23 | 33.07 | 20.65 | 22.39 | 28.47 | 66.01 | 32.36 | 6.32 | 36.5 | -49.44 | 4.90 | 56.55 | -37.34 | 0.17 | -5.56 | -52.78 | 35.41 | 21.85 | 28.67 | 24.47 | -27.82 | -53.97 | 95.73 | -5.13 | -6.76 | 4.27 | 574.36 | 237.36 | 7.22 | -56.4 | -0.82 |
| 21Q3 (8) | 1.75 | -57.21 | -76.06 | 48.63 | 18.32 | 18.96 | 27.65 | 4.66 | -13.38 | 27.41 | 5.67 | -11.55 | 17.15 | -22.78 | -30.82 | 4.63 | -47.57 | -76.68 | 3.13 | -46.13 | -72.9 | 0.18 | -30.77 | -61.7 | 29.06 | 6.14 | -7.51 | 33.90 | -45.88 | -50.07 | 100.90 | -0.98 | -2.01 | -0.90 | 52.55 | 69.67 | 16.56 | 46.42 | 131.93 |
| 21Q2 (7) | 4.09 | 72.57 | -1.21 | 41.10 | -6.7 | -2.56 | 26.42 | 13.24 | -11.37 | 25.94 | 11.96 | -10.37 | 22.21 | 19.86 | -1.68 | 8.83 | 75.55 | -28.44 | 5.81 | 69.88 | -25.89 | 0.26 | 44.44 | -25.71 | 27.38 | 8.22 | -8.67 | 62.64 | 47.6 | -18.47 | 101.90 | 0.87 | -0.92 | -1.90 | -86.08 | 33.16 | 11.31 | -29.62 | 0 |
| 21Q1 (6) | 2.37 | -55.95 | 39.41 | 44.05 | 15.95 | -7.18 | 23.33 | -16.14 | 4.15 | 23.17 | -14.25 | -6.16 | 18.53 | -13.85 | -6.18 | 5.03 | -59.76 | -2.71 | 3.42 | -56.27 | -9.76 | 0.18 | -50.0 | -5.26 | 25.30 | -8.07 | -5.95 | 42.44 | -20.17 | 10.38 | 101.02 | -1.6 | 11.9 | -1.02 | 67.2 | -110.5 | 16.07 | 120.74 | 0 |
| 20Q4 (5) | 5.38 | -26.4 | 139.11 | 37.99 | -7.07 | -16.73 | 27.82 | -12.84 | -8.06 | 27.02 | -12.81 | -5.43 | 21.51 | -13.23 | -4.78 | 12.50 | -37.03 | 74.09 | 7.82 | -32.29 | 46.99 | 0.36 | -23.4 | 56.52 | 27.52 | -12.41 | -9.35 | 53.16 | -21.7 | 53.11 | 102.67 | -0.29 | -3.37 | -3.11 | -4.74 | 50.22 | 7.28 | 1.96 | 0 |
| 20Q3 (4) | 7.31 | 76.57 | 0.0 | 40.88 | -3.08 | 0.0 | 31.92 | 7.08 | 0.0 | 30.99 | 7.08 | 0.0 | 24.79 | 9.74 | 0.0 | 19.85 | 60.86 | 0.0 | 11.55 | 47.32 | 0.0 | 0.47 | 34.29 | 0.0 | 31.42 | 4.8 | 0.0 | 67.89 | -11.64 | 0.0 | 102.97 | 0.13 | 0.0 | -2.97 | -4.55 | 0.0 | 7.14 | 0 | 0.0 |
| 20Q2 (3) | 4.14 | 143.53 | 0.0 | 42.18 | -11.13 | 0.0 | 29.81 | 33.08 | 0.0 | 28.94 | 17.21 | 0.0 | 22.59 | 14.38 | 0.0 | 12.34 | 138.68 | 0.0 | 7.84 | 106.86 | 0.0 | 0.35 | 84.21 | 0.0 | 29.98 | 11.45 | 0.0 | 76.83 | 99.82 | 0.0 | 102.84 | 13.92 | 0.0 | -2.84 | -129.22 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 1.70 | -24.44 | 0.0 | 47.46 | 4.03 | 0.0 | 22.40 | -25.97 | 0.0 | 24.69 | -13.58 | 0.0 | 19.75 | -12.57 | 0.0 | 5.17 | -27.99 | 0.0 | 3.79 | -28.76 | 0.0 | 0.19 | -17.39 | 0.0 | 26.90 | -11.4 | 0.0 | 38.45 | 10.74 | 0.0 | 90.28 | -15.03 | 0.0 | 9.72 | 255.56 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 2.25 | 0.0 | 0.0 | 45.62 | 0.0 | 0.0 | 30.26 | 0.0 | 0.0 | 28.57 | 0.0 | 0.0 | 22.59 | 0.0 | 0.0 | 7.18 | 0.0 | 0.0 | 5.32 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 30.36 | 0.0 | 0.0 | 34.72 | 0.0 | 0.0 | 106.25 | 0.0 | 0.0 | -6.25 | 0.0 | 0.0 | 0.00 | 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 | -35.9 | 48.75 | 1.67 | 20.28 | -18.26 | 1.61 | 5.19 | 22.05 | -20.91 | 17.07 | -25.46 | 11.30 | -38.85 | 9.29 | -38.6 | 0.54 | -18.18 | 24.05 | -19.08 | 23.62 | 17.22 | 91.92 | 3.24 | 8.08 | -26.35 | 0.18 | -5.24 | 20.58 | 19.72 |
| 2022 (9) | 7.91 | -18.12 | 47.95 | 7.73 | 24.81 | -8.18 | 1.53 | 1.51 | 27.88 | 3.18 | 22.90 | 6.86 | 18.48 | -23.92 | 15.13 | -13.99 | 0.66 | -19.51 | 29.72 | 3.23 | 20.15 | -17.65 | 89.03 | -10.97 | 10.97 | 0 | 0.19 | 28.79 | 17.19 | 34.09 |
| 2021 (8) | 9.66 | -47.76 | 44.51 | 8.59 | 27.02 | -7.37 | 1.51 | 171.71 | 27.02 | -5.66 | 21.43 | -5.8 | 24.29 | -48.39 | 17.59 | -45.68 | 0.82 | -42.25 | 28.79 | -2.04 | 24.47 | -53.97 | 100.00 | -1.77 | 0.00 | 0 | 0.15 | -31.6 | 12.82 | 41.81 |
| 2020 (7) | 18.49 | 139.51 | 40.99 | -9.45 | 29.17 | 15.16 | 0.55 | -62.23 | 28.64 | 11.44 | 22.75 | 13.13 | 47.06 | 85.93 | 32.38 | 70.06 | 1.42 | 51.06 | 29.39 | 6.52 | 53.16 | 53.11 | 101.81 | 3.36 | -1.81 | 0 | 0.21 | 0 | 9.04 | -36.34 |
| 2019 (6) | 7.72 | 1.85 | 45.27 | -5.49 | 25.33 | -3.87 | 1.47 | 321.04 | 25.70 | -8.77 | 20.11 | -9.74 | 25.31 | -11.9 | 19.04 | -10.82 | 0.94 | -2.08 | 27.59 | -3.8 | 34.72 | 10.19 | 98.50 | 5.35 | 1.50 | -76.91 | 0.00 | 0 | 14.20 | -9.03 |
| 2018 (5) | 7.58 | 54.38 | 47.90 | -1.09 | 26.35 | 3.58 | 0.35 | -21.45 | 28.17 | 21.58 | 22.28 | 21.22 | 28.73 | 37.01 | 21.35 | 41.39 | 0.96 | 17.07 | 28.68 | 20.76 | 31.51 | -17.58 | 93.50 | -14.67 | 6.50 | 0 | 0.00 | 0 | 15.61 | -5.96 |
| 2017 (4) | 4.91 | -31.9 | 48.43 | 6.46 | 25.44 | -5.67 | 0.44 | 19.64 | 23.17 | -15.28 | 18.38 | -18.6 | 20.97 | -38.47 | 15.10 | -37.89 | 0.82 | -24.07 | 23.75 | -14.38 | 38.23 | -3.12 | 109.57 | 11.08 | -9.57 | 0 | 0.00 | 0 | 16.60 | 21.52 |
| 2016 (3) | 7.21 | 13.72 | 45.49 | 11.14 | 26.97 | 12.28 | 0.37 | 26.9 | 27.35 | 9.97 | 22.58 | 8.35 | 34.08 | -1.65 | 24.31 | 2.1 | 1.08 | -5.26 | 27.74 | 9.47 | 39.46 | -3.9 | 98.64 | 1.84 | 1.36 | -61.58 | 0.00 | 0 | 13.66 | 10.79 |
| 2015 (2) | 6.34 | 52.4 | 40.93 | 12.29 | 24.02 | 29.56 | 0.29 | -21.73 | 24.87 | 18.26 | 20.84 | 19.43 | 34.65 | 34.04 | 23.81 | 32.57 | 1.14 | 10.68 | 25.34 | 17.64 | 41.06 | -19.0 | 96.86 | 9.86 | 3.53 | -70.18 | 0.00 | 0 | 12.33 | -4.93 |
| 2014 (1) | 4.16 | 55.22 | 36.45 | 0 | 18.54 | 0 | 0.37 | -37.8 | 21.03 | 0 | 17.45 | 0 | 25.85 | 0 | 17.96 | 0 | 1.03 | 3.0 | 21.54 | 25.82 | 50.69 | 39.03 | 88.17 | -4.85 | 11.83 | 61.24 | 0.00 | 0 | 12.97 | 5.45 |
