- 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) | 0.97 | 8.99 | -19.17 | 13.12 | -14.19 | -11.95 | 5.48 | -5.52 | -16.21 | 6.67 | -6.45 | -14.71 | 5.12 | -6.4 | -21.71 | 4.53 | 9.95 | -22.56 | 2.34 | 11.96 | -24.52 | 0.44 | 22.22 | -4.35 | 7.62 | -7.41 | -13.31 | 99.99 | -5.24 | 4.75 | 81.48 | -0.05 | -2.72 | 17.59 | -4.79 | 8.33 | 5.40 | -19.52 | -12.48 |
| 24Q2 (19) | 0.89 | 5.95 | -19.09 | 15.29 | 0.99 | -7.89 | 5.80 | -10.36 | -11.72 | 7.13 | 3.94 | -10.43 | 5.47 | 5.39 | -18.84 | 4.12 | 0.0 | -16.94 | 2.09 | -2.34 | -19.62 | 0.36 | -7.69 | -5.26 | 8.23 | 6.19 | -9.86 | 105.52 | -3.39 | 13.55 | 81.52 | -12.66 | -1.76 | 18.48 | 232.61 | 8.56 | 6.71 | 2.13 | -9.57 |
| 24Q1 (18) | 0.84 | 29.23 | -16.0 | 15.14 | -10.89 | -0.59 | 6.47 | -18.31 | -4.01 | 6.86 | -23.18 | -8.29 | 5.19 | 13.82 | -16.29 | 4.12 | 19.42 | -10.04 | 2.14 | 15.05 | -14.06 | 0.39 | 0.0 | 0.0 | 7.75 | -22.65 | -9.46 | 109.22 | 17.33 | 10.56 | 93.33 | 5.23 | 3.33 | 5.56 | -50.85 | -42.59 | 6.57 | -2.81 | 1.86 |
| 23Q4 (17) | 0.65 | -45.83 | -54.23 | 16.99 | 14.03 | 2.72 | 7.92 | 21.1 | -4.69 | 8.93 | 14.19 | -2.08 | 4.56 | -30.28 | -38.87 | 3.45 | -41.03 | -44.98 | 1.86 | -40.0 | -42.94 | 0.39 | -15.22 | -7.14 | 10.02 | 13.99 | -2.62 | 93.09 | -2.48 | 15.27 | 88.70 | 5.89 | -2.67 | 11.30 | -30.39 | 27.43 | 6.76 | 9.56 | 21.58 |
| 23Q3 (16) | 1.20 | 9.09 | -25.0 | 14.90 | -10.24 | -6.47 | 6.54 | -0.46 | -17.22 | 7.82 | -1.76 | -14.25 | 6.54 | -2.97 | -12.92 | 5.85 | 17.94 | -28.75 | 3.10 | 19.23 | -17.11 | 0.46 | 21.05 | -4.17 | 8.79 | -3.72 | -15.07 | 95.46 | 2.72 | -22.95 | 83.76 | 0.94 | -3.09 | 16.24 | -4.59 | 19.66 | 6.17 | -16.85 | 5.11 |
| 23Q2 (15) | 1.10 | 10.0 | -21.99 | 16.60 | 9.0 | -4.43 | 6.57 | -2.52 | -21.88 | 7.96 | 6.42 | -15.23 | 6.74 | 8.71 | -13.7 | 4.96 | 8.3 | -33.6 | 2.60 | 4.42 | -20.25 | 0.38 | -2.56 | -5.0 | 9.13 | 6.66 | -13.87 | 92.93 | -5.93 | -31.95 | 82.98 | -8.13 | -7.35 | 17.02 | 75.89 | 63.12 | 7.42 | 15.04 | 15.76 |
| 23Q1 (14) | 1.00 | -29.58 | -9.91 | 15.23 | -7.92 | -9.61 | 6.74 | -18.89 | -12.92 | 7.48 | -17.98 | -2.35 | 6.20 | -16.89 | -6.06 | 4.58 | -26.95 | -24.42 | 2.49 | -23.62 | -10.43 | 0.39 | -7.14 | -4.88 | 8.56 | -16.81 | -3.28 | 98.79 | 22.33 | -28.82 | 90.32 | -0.88 | -10.68 | 9.68 | 9.09 | 961.29 | 6.45 | 16.01 | -4.3 |
| 22Q4 (13) | 1.42 | -11.25 | 19.33 | 16.54 | 3.83 | -19.63 | 8.31 | 5.19 | -15.38 | 9.12 | 0.0 | -5.3 | 7.46 | -0.67 | -2.99 | 6.27 | -23.63 | 2.28 | 3.26 | -12.83 | 11.26 | 0.42 | -12.5 | 13.51 | 10.29 | -0.58 | 21.06 | 80.76 | -34.81 | -26.99 | 91.13 | 5.44 | -10.68 | 8.87 | -34.63 | 539.11 | 5.56 | -5.28 | -17.75 |
| 22Q3 (12) | 1.60 | 13.48 | 13.48 | 15.93 | -8.29 | -18.27 | 7.90 | -6.06 | -23.0 | 9.12 | -2.88 | -12.73 | 7.51 | -3.84 | -12.47 | 8.21 | 9.91 | 3.79 | 3.74 | 14.72 | 1.91 | 0.48 | 20.0 | 14.29 | 10.35 | -2.36 | -16.8 | 123.89 | -9.28 | 4.39 | 86.43 | -3.5 | -12.12 | 13.57 | 30.06 | 721.07 | 5.87 | -8.42 | -14.31 |
| 22Q2 (11) | 1.41 | 27.03 | 16.53 | 17.37 | 3.09 | 4.76 | 8.41 | 8.66 | 5.92 | 9.39 | 22.58 | 8.3 | 7.81 | 18.33 | 9.08 | 7.47 | 23.27 | 1.63 | 3.26 | 17.27 | -4.68 | 0.40 | -2.44 | -13.04 | 10.60 | 19.77 | -0.47 | 136.56 | -1.61 | 11.51 | 89.57 | -11.43 | -2.37 | 10.43 | 1028.7 | 26.38 | 6.41 | -4.9 | -3.46 |
| 22Q1 (10) | 1.11 | -6.72 | 4.72 | 16.85 | -18.12 | 20.1 | 7.74 | -21.18 | 24.04 | 7.66 | -20.46 | 16.77 | 6.60 | -14.17 | 17.65 | 6.06 | -1.14 | -11.01 | 2.78 | -5.12 | -14.46 | 0.41 | 10.81 | -28.07 | 8.85 | 4.12 | 15.08 | 138.79 | 25.48 | 15.22 | 101.12 | -0.88 | 6.56 | -1.12 | 44.38 | -122.02 | 6.74 | -0.3 | 12.71 |
| 21Q4 (9) | 1.19 | -15.6 | -4.8 | 20.58 | 5.59 | 47.21 | 9.82 | -4.29 | 64.21 | 9.63 | -7.85 | 27.89 | 7.69 | -10.37 | 25.86 | 6.13 | -22.5 | -23.57 | 2.93 | -20.16 | -23.5 | 0.37 | -11.9 | -39.34 | 8.50 | -31.67 | -3.08 | 110.61 | -6.8 | 1.18 | 102.02 | 3.73 | 28.59 | -2.02 | -222.22 | -109.78 | 6.76 | -1.31 | 35.47 |
| 21Q3 (8) | 1.41 | 16.53 | 2.17 | 19.49 | 17.55 | 32.14 | 10.26 | 29.22 | 35.18 | 10.45 | 20.53 | 29.17 | 8.58 | 19.83 | 30.79 | 7.91 | 7.62 | -1.12 | 3.67 | 7.31 | -4.18 | 0.42 | -8.7 | -23.64 | 12.44 | 16.81 | 27.33 | 118.68 | -3.09 | -3.54 | 98.35 | 7.2 | 4.78 | 1.65 | -79.98 | -73.08 | 6.85 | 3.16 | 18.51 |
| 21Q2 (7) | 1.21 | 14.15 | 35.96 | 16.58 | 18.18 | 8.86 | 7.94 | 27.24 | 62.04 | 8.67 | 32.16 | 35.89 | 7.16 | 27.63 | 34.84 | 7.35 | 7.93 | 50.31 | 3.42 | 5.23 | 45.53 | 0.46 | -19.3 | 9.52 | 10.65 | 38.49 | 29.09 | 122.46 | 1.66 | 1.42 | 91.74 | -3.32 | 18.73 | 8.26 | 61.83 | -63.67 | 6.64 | 11.04 | 0 |
| 21Q1 (6) | 1.06 | -15.2 | 43.24 | 14.03 | 0.36 | -10.35 | 6.24 | 4.35 | 17.96 | 6.56 | -12.88 | 18.84 | 5.61 | -8.18 | 26.64 | 6.81 | -15.09 | 78.74 | 3.25 | -15.14 | 71.05 | 0.57 | -6.56 | 39.02 | 7.69 | -12.31 | 2.26 | 120.46 | 10.19 | 4.41 | 94.90 | 19.61 | -1.52 | 5.10 | -75.31 | 40.31 | 5.98 | 19.84 | -22.94 |
| 20Q4 (5) | 1.25 | -9.42 | -4.58 | 13.98 | -5.22 | -8.93 | 5.98 | -21.21 | -18.31 | 7.53 | -6.92 | -1.95 | 6.11 | -6.86 | -1.77 | 8.02 | 0.25 | -0.25 | 3.83 | 0.0 | -4.49 | 0.61 | 10.91 | 0.0 | 8.77 | -10.24 | -5.6 | 109.32 | -11.15 | 0.54 | 79.34 | -15.47 | -16.56 | 20.66 | 236.48 | 320.11 | 4.99 | -13.67 | -12.91 |
| 20Q3 (4) | 1.38 | 55.06 | 0.0 | 14.75 | -3.15 | 0.0 | 7.59 | 54.9 | 0.0 | 8.09 | 26.8 | 0.0 | 6.56 | 23.54 | 0.0 | 8.00 | 63.6 | 0.0 | 3.83 | 62.98 | 0.0 | 0.55 | 30.95 | 0.0 | 9.77 | 18.42 | 0.0 | 123.04 | 1.9 | 0.0 | 93.86 | 21.47 | 0.0 | 6.14 | -72.98 | 0.0 | 5.78 | 0 | 0.0 |
| 20Q2 (3) | 0.89 | 20.27 | 0.0 | 15.23 | -2.68 | 0.0 | 4.90 | -7.37 | 0.0 | 6.38 | 15.58 | 0.0 | 5.31 | 19.86 | 0.0 | 4.89 | 28.35 | 0.0 | 2.35 | 23.68 | 0.0 | 0.42 | 2.44 | 0.0 | 8.25 | 9.71 | 0.0 | 120.74 | 4.65 | 0.0 | 77.27 | -19.81 | 0.0 | 22.73 | 525.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.74 | -43.51 | 0.0 | 15.65 | 1.95 | 0.0 | 5.29 | -27.73 | 0.0 | 5.52 | -28.13 | 0.0 | 4.43 | -28.78 | 0.0 | 3.81 | -52.61 | 0.0 | 1.90 | -52.62 | 0.0 | 0.41 | -32.79 | 0.0 | 7.52 | -19.05 | 0.0 | 115.37 | 6.11 | 0.0 | 96.36 | 1.35 | 0.0 | 3.64 | -26.06 | 0.0 | 7.76 | 35.43 | 0.0 |
| 19Q4 (1) | 1.31 | 0.0 | 0.0 | 15.35 | 0.0 | 0.0 | 7.32 | 0.0 | 0.0 | 7.68 | 0.0 | 0.0 | 6.22 | 0.0 | 0.0 | 8.04 | 0.0 | 0.0 | 4.01 | 0.0 | 0.0 | 0.61 | 0.0 | 0.0 | 9.29 | 0.0 | 0.0 | 108.73 | 0.0 | 0.0 | 95.08 | 0.0 | 0.0 | 4.92 | 0.0 | 0.0 | 5.73 | 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) | 3.95 | -28.05 | 15.88 | -4.45 | 6.93 | -14.34 | 0.79 | -0.94 | 8.05 | -9.14 | 6.01 | -18.45 | 18.14 | -28.02 | 10.03 | -25.98 | 1.61 | -9.04 | 9.10 | -9.36 | 93.09 | 15.27 | 86.16 | -5.79 | 13.84 | 58.01 | 1.08 | -1.11 | 6.67 | 9.17 |
| 2022 (9) | 5.49 | 12.73 | 16.62 | -4.04 | 8.09 | -3.23 | 0.79 | -4.36 | 8.86 | 2.43 | 7.37 | 3.37 | 25.20 | -7.42 | 13.55 | 1.8 | 1.77 | -2.75 | 10.04 | 3.29 | 80.76 | -26.99 | 91.45 | -5.45 | 8.76 | 167.2 | 1.09 | -11.11 | 6.11 | -6.29 |
| 2021 (8) | 4.87 | 14.59 | 17.32 | 17.19 | 8.36 | 37.5 | 0.83 | -2.47 | 8.65 | 22.52 | 7.13 | 24.22 | 27.22 | 16.77 | 13.31 | 13.86 | 1.82 | -6.19 | 9.72 | 11.85 | 110.61 | 1.18 | 96.72 | 12.16 | 3.28 | -76.66 | 1.23 | -60.2 | 6.52 | 3.16 |
| 2020 (7) | 4.25 | 14.86 | 14.78 | 0.96 | 6.08 | 3.93 | 0.85 | -4.74 | 7.06 | 17.08 | 5.74 | 17.14 | 23.31 | 11.91 | 11.69 | 2.63 | 1.94 | -11.01 | 8.69 | 11.7 | 109.32 | 0.54 | 86.24 | -11.24 | 14.04 | 345.22 | 3.08 | 20.46 | 6.32 | 2.43 |
| 2019 (6) | 3.70 | 1.09 | 14.64 | -0.2 | 5.85 | 1.56 | 0.89 | 259.41 | 6.03 | 12.29 | 4.90 | 4.93 | 20.83 | 8.77 | 11.39 | -5.24 | 2.18 | -6.44 | 7.78 | 23.3 | 108.73 | 32.61 | 97.16 | -9.29 | 3.15 | 0 | 2.56 | -31.18 | 6.17 | 2.32 |
| 2018 (5) | 3.66 | 19.61 | 14.67 | -16.84 | 5.76 | 8.68 | 0.25 | -76.09 | 5.37 | -4.62 | 4.67 | 0.21 | 19.15 | 36.59 | 12.02 | 54.7 | 2.33 | 46.54 | 6.31 | -10.11 | 81.99 | 15.66 | 107.12 | 13.81 | -7.12 | 0 | 3.72 | 0 | 6.03 | -28.21 |
| 2017 (4) | 3.06 | -2.86 | 17.64 | -7.26 | 5.30 | 20.73 | 1.04 | -62.78 | 5.63 | 21.86 | 4.66 | 21.35 | 14.02 | -1.2 | 7.77 | 7.47 | 1.59 | -11.67 | 7.02 | -9.07 | 70.89 | -32.36 | 94.12 | -1.1 | 5.88 | 21.57 | 0.00 | 0 | 8.40 | -17.81 |
| 2016 (3) | 3.15 | 40.0 | 19.02 | -14.48 | 4.39 | -1.79 | 2.80 | -31.86 | 4.62 | -7.23 | 3.84 | -7.69 | 14.19 | 22.86 | 7.23 | 23.17 | 1.80 | 35.34 | 7.72 | -18.39 | 104.80 | -1.51 | 95.16 | 5.92 | 4.84 | -52.38 | 0.00 | 0 | 10.22 | -18.11 |
| 2015 (2) | 2.25 | 33.14 | 22.24 | 13.53 | 4.47 | 26.99 | 4.10 | 11.55 | 4.98 | 35.69 | 4.16 | 38.67 | 11.55 | 22.09 | 5.87 | 27.06 | 1.33 | -6.99 | 9.46 | 22.86 | 106.41 | -2.89 | 89.84 | -6.42 | 10.16 | 154.01 | 0.00 | 0 | 12.48 | 14.92 |
| 2014 (1) | 1.69 | 28.03 | 19.59 | 0 | 3.52 | 0 | 3.68 | 25.63 | 3.67 | 0 | 3.00 | 0 | 9.46 | 0 | 4.62 | 0 | 1.43 | -0.69 | 7.70 | 34.85 | 109.58 | -16.6 | 96.00 | 66.53 | 4.00 | -90.56 | 0.00 | 0 | 10.86 | 1.21 |
