- 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) | 1.31 | -25.99 | -31.05 | 9.26 | 6.56 | -3.74 | 6.26 | 23.23 | 40.04 | 4.53 | -17.03 | -24.5 | 3.61 | -17.58 | -30.71 | 5.00 | -24.13 | -36.55 | 2.06 | -21.37 | -30.87 | 0.51 | -3.77 | -3.77 | 5.30 | -16.8 | -21.13 | 157.57 | -17.08 | -14.32 | 138.37 | 48.62 | 85.72 | -38.37 | -656.31 | -250.47 | 1.50 | -40.24 | -50.33 |
| 24Q2 (19) | 1.77 | -22.03 | 55.26 | 8.69 | 12.27 | -1.25 | 5.08 | 13.39 | 41.5 | 5.46 | -3.36 | 10.98 | 4.38 | -2.67 | 12.02 | 6.59 | -20.89 | 39.03 | 2.62 | -18.89 | 34.36 | 0.53 | -17.19 | 17.78 | 6.37 | -1.24 | 11.17 | 190.03 | 5.69 | 1.85 | 93.10 | 17.43 | 27.34 | 6.90 | -66.46 | -74.35 | 2.51 | 15.14 | -21.07 |
| 24Q1 (18) | 2.27 | 1318.75 | 183.75 | 7.74 | 3.48 | 0.52 | 4.48 | -9.31 | 8.74 | 5.65 | 527.78 | 66.67 | 4.50 | 542.86 | 66.67 | 8.33 | 815.38 | 152.42 | 3.23 | 476.79 | 119.73 | 0.64 | 42.22 | 36.17 | 6.45 | 252.46 | 55.42 | 179.80 | -7.72 | 15.74 | 79.28 | -85.43 | -34.9 | 20.56 | 104.63 | 194.34 | 2.18 | 53.52 | -5.63 |
| 23Q4 (17) | 0.16 | -91.58 | -52.94 | 7.48 | -22.25 | -14.71 | 4.94 | 10.51 | 5.33 | 0.90 | -85.0 | -55.67 | 0.70 | -86.56 | -50.0 | 0.91 | -88.45 | -40.13 | 0.56 | -81.21 | -28.21 | 0.45 | -15.09 | 12.5 | 1.83 | -72.77 | -39.8 | 194.85 | 5.95 | 20.97 | 544.12 | 630.34 | 134.87 | -444.12 | -1841.77 | -237.3 | 1.42 | -52.98 | -52.98 |
| 23Q3 (16) | 1.90 | 66.67 | 95.88 | 9.62 | 9.32 | 32.69 | 4.47 | 24.51 | 95.2 | 6.00 | 21.95 | 28.76 | 5.21 | 33.25 | 42.35 | 7.88 | 66.24 | 88.52 | 2.98 | 52.82 | 89.81 | 0.53 | 17.78 | 39.47 | 6.72 | 17.28 | 20.65 | 183.91 | -1.43 | -1.07 | 74.50 | 1.9 | 51.18 | 25.50 | -5.17 | -49.73 | 3.02 | -5.03 | 3.78 |
| 23Q2 (15) | 1.14 | 42.5 | -9.52 | 8.80 | 14.29 | 19.89 | 3.59 | -12.86 | 20.88 | 4.92 | 45.13 | 14.42 | 3.91 | 44.81 | 15.0 | 4.74 | 43.64 | -5.39 | 1.95 | 32.65 | 10.8 | 0.45 | -4.26 | -8.16 | 5.73 | 38.07 | 18.88 | 186.57 | 20.1 | -15.38 | 73.11 | -39.97 | 6.0 | 26.89 | 223.37 | -12.48 | 3.18 | 37.66 | 8.53 |
| 23Q1 (14) | 0.80 | 135.29 | -48.72 | 7.70 | -12.2 | -1.66 | 4.12 | -12.15 | 19.42 | 3.39 | 67.0 | -28.93 | 2.70 | 92.86 | -29.13 | 3.30 | 117.11 | -46.43 | 1.47 | 88.46 | -31.94 | 0.47 | 17.5 | -14.55 | 4.15 | 36.51 | -19.42 | 155.35 | -3.55 | -17.52 | 121.79 | -47.43 | 68.09 | -21.79 | 83.45 | -179.13 | 2.31 | -23.51 | -20.07 |
| 22Q4 (13) | 0.34 | -64.95 | -58.02 | 8.77 | 20.97 | 27.84 | 4.69 | 104.8 | 68.71 | 2.03 | -56.44 | -18.47 | 1.40 | -61.75 | -30.0 | 1.52 | -63.64 | -54.9 | 0.78 | -50.32 | -34.45 | 0.40 | 5.26 | -28.57 | 3.04 | -45.42 | 5.56 | 161.07 | -13.36 | -21.01 | 231.67 | 370.1 | 107.28 | -131.67 | -359.6 | -1019.17 | 3.02 | 3.78 | 24.28 |
| 22Q3 (12) | 0.97 | -23.02 | -24.81 | 7.25 | -1.23 | -0.55 | 2.29 | -22.9 | -43.03 | 4.66 | 8.37 | 22.63 | 3.66 | 7.65 | 20.0 | 4.18 | -16.57 | -22.59 | 1.57 | -10.8 | -18.23 | 0.38 | -22.45 | -36.67 | 5.57 | 15.56 | 33.57 | 185.90 | -15.68 | -6.95 | 49.28 | -28.55 | -53.34 | 50.72 | 65.09 | 1001.68 | 2.91 | -0.68 | 39.23 |
| 22Q2 (11) | 1.26 | -19.23 | 23.53 | 7.34 | -6.26 | -1.08 | 2.97 | -13.91 | -32.65 | 4.30 | -9.85 | 40.52 | 3.40 | -10.76 | 41.67 | 5.01 | -18.67 | 21.01 | 1.76 | -18.52 | 13.55 | 0.49 | -10.91 | -19.67 | 4.82 | -6.41 | 40.52 | 220.47 | 17.06 | 17.88 | 68.98 | -4.8 | -52.13 | 30.72 | 11.54 | 169.7 | 2.93 | 1.38 | 57.53 |
| 22Q1 (10) | 1.56 | 92.59 | 26.83 | 7.83 | 14.14 | 2.89 | 3.45 | 24.1 | -14.18 | 4.77 | 91.57 | 28.92 | 3.81 | 90.5 | 27.0 | 6.16 | 82.79 | 14.93 | 2.16 | 81.51 | 7.46 | 0.55 | -1.79 | -14.06 | 5.15 | 78.82 | 25.92 | 188.34 | -7.64 | 5.94 | 72.46 | -35.17 | -33.29 | 27.54 | 334.12 | 419.5 | 2.89 | 18.93 | 12.45 |
| 21Q4 (9) | 0.81 | -37.21 | 42.11 | 6.86 | -5.9 | -2.42 | 2.78 | -30.85 | -25.67 | 2.49 | -34.47 | 23.88 | 2.00 | -34.43 | 25.0 | 3.37 | -37.59 | 24.35 | 1.19 | -38.02 | 12.26 | 0.56 | -6.67 | -6.67 | 2.88 | -30.94 | 17.07 | 203.91 | 2.06 | 11.74 | 111.76 | 5.81 | -40.14 | -11.76 | -109.15 | 86.43 | 2.43 | 16.27 | 0.83 |
| 21Q3 (8) | 1.29 | 26.47 | 74.32 | 7.29 | -1.75 | 0.55 | 4.02 | -8.84 | 6.07 | 3.80 | 24.18 | 46.15 | 3.05 | 27.08 | 48.78 | 5.40 | 30.43 | 45.95 | 1.92 | 23.87 | 37.14 | 0.60 | -1.64 | -4.76 | 4.17 | 21.57 | 36.27 | 199.79 | 6.82 | 8.46 | 105.62 | -26.69 | -27.69 | -5.62 | 87.24 | 87.79 | 2.09 | 12.37 | 7.73 |
| 21Q2 (7) | 1.02 | -17.07 | 13.33 | 7.42 | -2.5 | -8.17 | 4.41 | 9.7 | 4.26 | 3.06 | -17.3 | -4.38 | 2.40 | -20.0 | -11.44 | 4.14 | -22.76 | -5.69 | 1.55 | -22.89 | -11.93 | 0.61 | -4.69 | 1.67 | 3.43 | -16.14 | -7.8 | 187.03 | 5.2 | -2.23 | 144.08 | 32.65 | 9.09 | -44.08 | -411.35 | -37.43 | 1.86 | -27.63 | 0 |
| 21Q1 (6) | 1.23 | 115.79 | 55.7 | 7.61 | 8.25 | -0.39 | 4.02 | 7.49 | 8.65 | 3.70 | 84.08 | 2.78 | 3.00 | 87.5 | 4.53 | 5.36 | 97.79 | 37.79 | 2.01 | 89.62 | 15.52 | 0.64 | 6.67 | 18.52 | 4.09 | 66.26 | -5.1 | 177.78 | -2.58 | 18.31 | 108.62 | -41.82 | 5.98 | -8.62 | 90.06 | -188.79 | 2.57 | 6.64 | -1.15 |
| 20Q4 (5) | 0.57 | -22.97 | 96.55 | 7.03 | -3.03 | -1.54 | 3.74 | -1.32 | 15.08 | 2.01 | -22.69 | 38.62 | 1.60 | -21.95 | 36.75 | 2.71 | -26.76 | 53.98 | 1.06 | -24.29 | 20.45 | 0.60 | -4.76 | 3.45 | 2.46 | -19.61 | 12.84 | 182.48 | -0.94 | 23.12 | 186.71 | 27.82 | -16.7 | -86.71 | -88.21 | 30.15 | 2.41 | 24.23 | 0 |
| 20Q3 (4) | 0.74 | -17.78 | 0.0 | 7.25 | -10.27 | 0.0 | 3.79 | -10.4 | 0.0 | 2.60 | -18.75 | 0.0 | 2.05 | -24.35 | 0.0 | 3.70 | -15.72 | 0.0 | 1.40 | -20.45 | 0.0 | 0.63 | 5.0 | 0.0 | 3.06 | -17.74 | 0.0 | 184.21 | -3.7 | 0.0 | 146.07 | 10.6 | 0.0 | -46.07 | -43.64 | 0.0 | 1.94 | 0 | 0.0 |
| 20Q2 (3) | 0.90 | 13.92 | 0.0 | 8.08 | 5.76 | 0.0 | 4.23 | 14.32 | 0.0 | 3.20 | -11.11 | 0.0 | 2.71 | -5.57 | 0.0 | 4.39 | 12.85 | 0.0 | 1.76 | 1.15 | 0.0 | 0.60 | 11.11 | 0.0 | 3.72 | -13.69 | 0.0 | 191.29 | 27.31 | 0.0 | 132.08 | 28.87 | 0.0 | -32.08 | -974.53 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.79 | 172.41 | 0.0 | 7.64 | 7.0 | 0.0 | 3.70 | 13.85 | 0.0 | 3.60 | 148.28 | 0.0 | 2.87 | 145.3 | 0.0 | 3.89 | 121.02 | 0.0 | 1.74 | 97.73 | 0.0 | 0.54 | -6.9 | 0.0 | 4.31 | 97.71 | 0.0 | 150.26 | 1.38 | 0.0 | 102.49 | -54.27 | 0.0 | -2.99 | 97.6 | 0.0 | 2.60 | 0 | 0.0 |
| 19Q4 (1) | 0.29 | 0.0 | 0.0 | 7.14 | 0.0 | 0.0 | 3.25 | 0.0 | 0.0 | 1.45 | 0.0 | 0.0 | 1.17 | 0.0 | 0.0 | 1.76 | 0.0 | 0.0 | 0.88 | 0.0 | 0.0 | 0.58 | 0.0 | 0.0 | 2.18 | 0.0 | 0.0 | 148.21 | 0.0 | 0.0 | 224.14 | 0.0 | 0.0 | -124.14 | 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) | 4.00 | -1.96 | 8.44 | 8.62 | 4.31 | 29.04 | 0.24 | 2.32 | 3.85 | -4.7 | 3.18 | 0.63 | 16.58 | -1.49 | 6.78 | 2.57 | 1.87 | -1.06 | 4.65 | -1.06 | 194.85 | 20.97 | 111.88 | 35.43 | -11.88 | 0 | 0.03 | -39.78 | 2.49 | -15.02 |
| 2022 (9) | 4.08 | -5.34 | 7.77 | 6.58 | 3.34 | -12.11 | 0.24 | 21.17 | 4.04 | 23.93 | 3.16 | 21.07 | 16.83 | -8.13 | 6.61 | 0.76 | 1.89 | -20.59 | 4.70 | 29.12 | 161.07 | -21.01 | 82.61 | -29.16 | 17.39 | 0 | 0.05 | -26.17 | 2.93 | 31.39 |
| 2021 (8) | 4.31 | 44.15 | 7.29 | -2.54 | 3.80 | -1.81 | 0.19 | -16.41 | 3.26 | 16.43 | 2.61 | 15.49 | 18.32 | 25.74 | 6.56 | 8.97 | 2.38 | -1.65 | 3.64 | 9.64 | 203.91 | 11.74 | 116.62 | -15.47 | -16.53 | 0 | 0.07 | 13.1 | 2.23 | -2.19 |
| 2020 (7) | 2.99 | 14.12 | 7.48 | -5.44 | 3.87 | 5.74 | 0.23 | -17.22 | 2.80 | -5.41 | 2.26 | -4.24 | 14.57 | 9.14 | 6.02 | -10.28 | 2.42 | -0.41 | 3.32 | -11.47 | 182.48 | 23.12 | 137.97 | 11.53 | -38.10 | 0 | 0.06 | -47.04 | 2.28 | -11.63 |
| 2019 (6) | 2.62 | -10.27 | 7.91 | -12.5 | 3.66 | -8.04 | 0.28 | 62.57 | 2.96 | -22.31 | 2.36 | -20.54 | 13.35 | -9.74 | 6.71 | -8.96 | 2.43 | 5.19 | 3.75 | -12.59 | 148.21 | 26.19 | 123.70 | 18.65 | -23.85 | 0 | 0.11 | -25.82 | 2.58 | -17.83 |
| 2018 (5) | 2.92 | 48.98 | 9.04 | 8.78 | 3.98 | 23.22 | 0.17 | -0.37 | 3.81 | 44.87 | 2.97 | 36.87 | 14.79 | 36.82 | 7.37 | 39.58 | 2.31 | 1.32 | 4.29 | 43.0 | 117.45 | 3.35 | 104.26 | -14.95 | -4.26 | 0 | 0.15 | 2.18 | 3.14 | 10.18 |
| 2017 (4) | 1.96 | -21.6 | 8.31 | 1.47 | 3.23 | -7.98 | 0.17 | 16.34 | 2.63 | -17.81 | 2.17 | -14.57 | 10.81 | -19.21 | 5.28 | -17.5 | 2.28 | -5.39 | 3.00 | -14.53 | 113.64 | -7.52 | 122.59 | 11.81 | -22.59 | 0 | 0.14 | 0 | 2.85 | 1.42 |
| 2016 (3) | 2.50 | -22.36 | 8.19 | -10.98 | 3.51 | -11.59 | 0.15 | -2.61 | 3.20 | -20.99 | 2.54 | -24.85 | 13.38 | -20.12 | 6.40 | -17.53 | 2.41 | 9.05 | 3.51 | -19.68 | 122.88 | 7.15 | 109.63 | 11.98 | -9.63 | 0 | 0.00 | 0 | 2.81 | -11.91 |
| 2015 (2) | 3.22 | -7.47 | 9.20 | 6.48 | 3.97 | 7.88 | 0.15 | 30.22 | 4.05 | 6.58 | 3.38 | 8.33 | 16.75 | -8.42 | 7.76 | -5.13 | 2.21 | -13.33 | 4.37 | 7.9 | 114.68 | -14.3 | 97.91 | 1.16 | 1.96 | -39.15 | 0.00 | 0 | 3.19 | 6.33 |
| 2014 (1) | 3.48 | 7.74 | 8.64 | 0 | 3.68 | 0 | 0.12 | -9.01 | 3.80 | 0 | 3.12 | 0 | 18.29 | 0 | 8.18 | 0 | 2.55 | -7.94 | 4.05 | 4.38 | 133.82 | 6.32 | 96.79 | -1.87 | 3.21 | 134.9 | 0.00 | 0 | 3.00 | 5.26 |
