- 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) | 1.03 | 41.1 | 58.46 | 27.22 | 18.71 | 44.56 | 18.82 | 64.65 | 99.36 | 18.96 | 29.69 | 48.24 | 17.19 | 46.55 | 52.39 | 4.54 | 34.72 | 65.09 | 3.25 | 41.3 | 77.6 | 0.18 | -5.26 | 20.0 | 24.78 | 21.35 | 24.34 | 34.33 | -36.68 | -39.6 | 99.53 | 26.88 | 35.83 | 0.94 | -95.76 | -96.37 | 7.64 | 2.55 | 13.69 |
| 24Q2 (19) | 0.73 | -1.35 | 19.67 | 22.93 | 5.38 | 14.25 | 11.43 | -6.46 | -1.3 | 14.62 | -9.81 | 11.6 | 11.73 | -16.27 | 17.3 | 3.37 | 0.3 | 25.28 | 2.30 | -0.43 | 29.21 | 0.19 | 18.75 | 11.76 | 20.42 | -12.51 | 4.93 | 54.22 | 6.75 | -15.9 | 78.44 | 3.9 | -11.41 | 22.16 | -9.58 | 93.49 | 7.45 | 5.08 | 25.0 |
| 24Q1 (18) | 0.74 | 100.0 | 64.44 | 21.76 | -2.25 | 7.4 | 12.22 | -11.64 | 6.26 | 16.21 | 66.26 | 51.07 | 14.01 | 87.8 | 69.61 | 3.36 | 81.62 | 87.71 | 2.31 | 77.69 | 86.29 | 0.16 | 0.0 | 14.29 | 23.34 | 34.37 | 25.48 | 50.79 | -5.72 | -10.55 | 75.50 | -46.57 | -29.27 | 24.50 | 159.32 | 463.47 | 7.09 | 4.73 | -9.45 |
| 23Q4 (17) | 0.37 | -43.08 | -41.27 | 22.26 | 18.22 | 13.8 | 13.83 | 46.5 | 16.81 | 9.75 | -23.77 | 1.99 | 7.46 | -33.87 | -30.35 | 1.85 | -32.73 | -28.85 | 1.30 | -28.96 | -25.29 | 0.16 | 6.67 | 6.67 | 17.37 | -12.84 | 6.7 | 53.87 | -5.23 | -12.03 | 141.30 | 92.84 | 15.14 | -41.30 | -259.71 | -73.08 | 6.77 | 0.74 | -3.97 |
| 23Q3 (16) | 0.65 | 6.56 | -30.85 | 18.83 | -6.18 | -32.58 | 9.44 | -18.48 | -50.29 | 12.79 | -2.37 | -43.53 | 11.28 | 12.8 | -39.16 | 2.75 | 2.23 | -33.09 | 1.83 | 2.81 | -30.42 | 0.15 | -11.76 | 7.14 | 19.93 | 2.42 | -33.79 | 56.84 | -11.83 | -8.66 | 73.28 | -17.25 | -12.45 | 25.86 | 125.86 | 58.62 | 6.72 | 12.75 | -11.46 |
| 23Q2 (15) | 0.61 | 35.56 | -35.11 | 20.07 | -0.94 | -25.97 | 11.58 | 0.7 | -39.72 | 13.10 | 22.09 | -38.15 | 10.00 | 21.07 | -35.53 | 2.69 | 50.28 | -37.3 | 1.78 | 43.55 | -35.51 | 0.17 | 21.43 | 0.0 | 19.46 | 4.62 | -28.48 | 64.47 | 13.54 | -2.5 | 88.55 | -17.04 | -2.78 | 11.45 | 269.85 | 21.95 | 5.96 | -23.88 | -4.94 |
| 23Q1 (14) | 0.45 | -28.57 | -55.45 | 20.26 | 3.58 | -21.14 | 11.50 | -2.87 | -34.25 | 10.73 | 12.24 | -44.52 | 8.26 | -22.88 | -45.48 | 1.79 | -31.15 | -62.24 | 1.24 | -28.74 | -59.87 | 0.14 | -6.67 | -26.32 | 18.60 | 14.25 | -25.33 | 56.78 | -7.28 | -6.55 | 106.74 | -13.03 | 17.75 | -6.74 | 71.75 | -172.13 | 7.83 | 11.06 | 38.34 |
| 22Q4 (13) | 0.63 | -32.98 | -24.1 | 19.56 | -29.97 | -18.12 | 11.84 | -37.65 | -23.27 | 9.56 | -57.79 | -36.73 | 10.71 | -42.23 | -12.93 | 2.60 | -36.74 | -37.35 | 1.74 | -33.84 | -35.07 | 0.15 | 7.14 | -25.0 | 16.28 | -45.91 | -20.16 | 61.24 | -1.59 | -3.35 | 122.73 | 46.64 | 20.59 | -23.86 | -246.36 | -908.24 | 7.05 | -7.11 | -1.26 |
| 22Q3 (12) | 0.94 | 0.0 | -1.05 | 27.93 | 3.02 | 8.17 | 18.99 | -1.15 | 8.27 | 22.65 | 6.94 | 26.11 | 18.54 | 19.54 | 28.13 | 4.11 | -4.2 | -17.3 | 2.63 | -4.71 | -16.77 | 0.14 | -17.65 | -33.33 | 30.10 | 10.62 | 30.87 | 62.23 | -5.88 | -9.36 | 83.70 | -8.11 | -14.14 | 16.30 | 73.64 | 545.65 | 7.59 | 21.05 | 6.75 |
| 22Q2 (11) | 0.94 | -6.93 | 10.59 | 27.11 | 5.53 | 9.49 | 19.21 | 9.83 | 11.43 | 21.18 | 9.51 | 26.0 | 15.51 | 2.38 | 10.79 | 4.29 | -9.49 | -6.74 | 2.76 | -10.68 | -7.69 | 0.17 | -10.53 | -15.0 | 27.21 | 9.23 | 22.18 | 66.12 | 8.82 | 4.47 | 91.08 | 0.47 | -11.0 | 9.39 | 0.47 | 501.41 | 6.27 | 10.78 | 31.72 |
| 22Q1 (10) | 1.01 | 21.69 | 23.17 | 25.69 | 7.53 | 10.88 | 17.49 | 13.35 | 8.77 | 19.34 | 27.99 | 13.83 | 15.15 | 23.17 | 5.14 | 4.74 | 14.22 | -1.04 | 3.09 | 15.3 | 2.66 | 0.19 | -5.0 | -5.0 | 24.91 | 22.17 | 10.66 | 60.76 | -4.1 | -4.31 | 90.65 | -10.93 | -4.64 | 9.35 | 494.86 | 68.22 | 5.66 | -20.73 | -15.14 |
| 21Q4 (9) | 0.83 | -12.63 | 36.07 | 23.89 | -7.47 | 7.23 | 15.43 | -12.03 | 3.77 | 15.11 | -15.87 | 10.13 | 12.30 | -15.0 | 7.33 | 4.15 | -16.5 | 4.8 | 2.68 | -15.19 | 11.67 | 0.20 | -4.76 | 5.26 | 20.39 | -11.35 | 5.16 | 63.36 | -7.72 | -15.0 | 101.78 | 4.41 | -5.65 | -2.37 | -193.73 | 72.67 | 7.14 | 0.42 | 2.0 |
| 21Q3 (8) | 0.95 | 11.76 | 55.74 | 25.82 | 4.28 | 8.26 | 17.54 | 1.74 | 11.08 | 17.96 | 6.84 | 23.78 | 14.47 | 3.36 | 13.58 | 4.97 | 8.04 | 23.63 | 3.16 | 5.69 | 33.33 | 0.21 | 5.0 | 23.53 | 23.00 | 3.28 | 10.95 | 68.66 | 8.48 | -19.33 | 97.47 | -4.75 | -10.26 | 2.53 | 207.95 | 129.29 | 7.11 | 49.37 | 13.4 |
| 21Q2 (7) | 0.85 | 3.66 | 73.47 | 24.76 | 6.86 | 7.0 | 17.24 | 7.21 | 17.68 | 16.81 | -1.06 | 37.79 | 14.00 | -2.85 | 39.86 | 4.60 | -3.97 | 33.72 | 2.99 | -0.66 | 41.04 | 0.20 | 0.0 | 5.26 | 22.27 | -1.07 | 23.11 | 63.29 | -0.33 | -25.43 | 102.34 | 7.66 | -14.99 | -2.34 | -142.11 | 88.53 | 4.76 | -28.64 | 0 |
| 21Q1 (6) | 0.82 | 34.43 | 173.33 | 23.17 | 3.99 | 19.93 | 16.08 | 8.14 | 77.88 | 16.99 | 23.83 | 93.51 | 14.41 | 25.74 | 91.62 | 4.79 | 20.96 | 124.88 | 3.01 | 25.42 | 111.97 | 0.20 | 5.26 | 25.0 | 22.51 | 16.09 | 40.51 | 63.50 | -14.81 | -17.58 | 95.06 | -11.88 | -7.96 | 5.56 | 164.14 | 269.44 | 6.67 | -4.71 | -6.58 |
| 20Q4 (5) | 0.61 | 0.0 | 125.93 | 22.28 | -6.58 | 22.35 | 14.87 | -5.83 | 47.23 | 13.72 | -5.44 | 96.56 | 11.46 | -10.05 | 83.65 | 3.96 | -1.49 | 103.08 | 2.40 | 1.27 | 80.45 | 0.19 | 11.76 | 11.76 | 19.39 | -6.46 | 40.1 | 74.54 | -12.42 | -6.35 | 107.87 | -0.69 | -25.75 | -8.66 | -0.47 | 80.87 | 7.00 | 11.64 | -5.15 |
| 20Q3 (4) | 0.61 | 24.49 | 0.0 | 23.85 | 3.07 | 0.0 | 15.79 | 7.78 | 0.0 | 14.51 | 18.93 | 0.0 | 12.74 | 27.27 | 0.0 | 4.02 | 16.86 | 0.0 | 2.37 | 11.79 | 0.0 | 0.17 | -10.53 | 0.0 | 20.73 | 14.59 | 0.0 | 85.11 | 0.28 | 0.0 | 108.62 | -9.77 | 0.0 | -8.62 | 57.72 | 0.0 | 6.27 | 0 | 0.0 |
| 20Q2 (3) | 0.49 | 63.33 | 0.0 | 23.14 | 19.77 | 0.0 | 14.65 | 62.06 | 0.0 | 12.20 | 38.95 | 0.0 | 10.01 | 33.11 | 0.0 | 3.44 | 61.5 | 0.0 | 2.12 | 49.3 | 0.0 | 0.19 | 18.75 | 0.0 | 18.09 | 12.92 | 0.0 | 84.87 | 10.16 | 0.0 | 120.39 | 16.57 | 0.0 | -20.39 | -521.84 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.30 | 11.11 | 0.0 | 19.32 | 6.1 | 0.0 | 9.04 | -10.5 | 0.0 | 8.78 | 25.79 | 0.0 | 7.52 | 20.51 | 0.0 | 2.13 | 9.23 | 0.0 | 1.42 | 6.77 | 0.0 | 0.16 | -5.88 | 0.0 | 16.02 | 15.75 | 0.0 | 77.04 | -3.2 | 0.0 | 103.28 | -28.91 | 0.0 | -3.28 | 92.76 | 0.0 | 7.14 | -3.25 | 0.0 |
| 19Q4 (1) | 0.27 | 0.0 | 0.0 | 18.21 | 0.0 | 0.0 | 10.10 | 0.0 | 0.0 | 6.98 | 0.0 | 0.0 | 6.24 | 0.0 | 0.0 | 1.95 | 0.0 | 0.0 | 1.33 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 13.84 | 0.0 | 0.0 | 79.59 | 0.0 | 0.0 | 145.28 | 0.0 | 0.0 | -45.28 | 0.0 | 0.0 | 7.38 | 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) | 2.08 | -40.91 | 20.37 | -18.78 | 11.61 | -31.34 | 6.28 | 19.58 | 11.63 | -36.1 | 9.27 | -37.79 | 9.00 | -43.64 | 6.16 | -40.83 | 0.62 | -6.06 | 18.85 | -23.25 | 53.87 | -12.03 | 99.77 | 7.29 | 0.23 | -96.67 | 0.03 | 4.23 | 6.78 | 3.35 |
| 2022 (9) | 3.52 | 2.03 | 25.08 | 2.62 | 16.91 | 2.05 | 5.25 | 25.04 | 18.20 | 8.98 | 14.90 | 8.28 | 15.97 | -14.96 | 10.41 | -12.23 | 0.66 | -18.52 | 24.56 | 11.53 | 61.24 | -3.35 | 92.99 | -6.34 | 7.01 | 880.0 | 0.03 | -8.88 | 6.56 | 1.71 |
| 2021 (8) | 3.45 | 70.79 | 24.44 | 9.84 | 16.57 | 20.16 | 4.20 | -9.13 | 16.70 | 34.03 | 13.76 | 30.43 | 18.78 | 41.63 | 11.86 | 42.21 | 0.81 | 14.08 | 22.02 | 18.26 | 63.36 | -15.0 | 99.28 | -10.2 | 0.72 | 0 | 0.04 | -42.52 | 6.45 | -0.77 |
| 2020 (7) | 2.02 | 126.97 | 22.25 | 30.81 | 13.79 | 55.12 | 4.62 | -11.83 | 12.46 | 91.69 | 10.55 | 102.5 | 13.26 | 120.27 | 8.34 | 96.7 | 0.71 | 12.7 | 18.62 | 36.51 | 74.54 | -6.35 | 110.57 | -18.89 | -10.81 | 0 | 0.06 | -7.8 | 6.50 | -12.99 |
| 2019 (6) | 0.89 | -60.09 | 17.01 | -17.79 | 8.89 | -33.36 | 5.25 | 59.89 | 6.50 | -49.3 | 5.21 | -50.05 | 6.02 | -58.14 | 4.24 | -52.73 | 0.63 | -22.22 | 13.64 | -19.19 | 79.59 | -6.11 | 136.32 | 30.83 | -36.32 | 0 | 0.07 | -18.5 | 7.47 | 12.67 |
| 2018 (5) | 2.23 | -9.35 | 20.69 | 22.64 | 13.34 | 30.02 | 3.28 | -5.0 | 12.82 | -21.59 | 10.43 | -19.83 | 14.38 | -8.52 | 8.97 | -14.0 | 0.81 | 6.58 | 16.88 | -18.26 | 84.77 | 58.24 | 104.19 | 66.14 | -3.97 | 0 | 0.08 | 0 | 6.63 | -11.13 |
| 2017 (4) | 2.46 | 347.27 | 16.87 | 17.73 | 10.26 | 38.27 | 3.45 | -19.94 | 16.35 | 224.4 | 13.01 | 239.69 | 15.72 | 293.98 | 10.43 | 250.0 | 0.76 | 20.63 | 20.65 | 95.55 | 53.57 | -16.48 | 62.72 | -57.32 | 37.28 | 0 | 0.00 | 0 | 7.46 | -5.81 |
| 2016 (3) | 0.55 | 44.74 | 14.33 | 12.13 | 7.42 | 52.36 | 4.31 | -2.75 | 5.04 | 73.79 | 3.83 | 54.44 | 3.99 | 60.89 | 2.98 | 46.8 | 0.63 | 12.5 | 10.56 | 19.05 | 64.14 | -1.87 | 146.96 | -12.45 | -46.96 | 0 | 0.00 | 0 | 7.92 | -18.6 |
| 2015 (2) | 0.38 | 46.15 | 12.78 | 54.72 | 4.87 | 801.85 | 4.44 | -6.51 | 2.90 | -2.03 | 2.48 | 55.97 | 2.48 | 36.26 | 2.03 | 25.31 | 0.56 | -6.67 | 8.87 | -3.8 | 65.36 | -32.0 | 167.86 | 840.0 | -67.86 | 0 | 0.00 | 0 | 9.73 | -4.7 |
| 2014 (1) | 0.26 | 0 | 8.26 | 0 | 0.54 | 0 | 4.74 | 24.44 | 2.96 | 0 | 1.59 | 0 | 1.82 | 0 | 1.62 | 0 | 0.60 | 5.26 | 9.22 | 74.62 | 96.12 | 11.29 | 17.86 | 0 | 80.36 | -93.3 | 0.00 | 0 | 10.21 | -5.11 |
