- 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) | 2.12 | -12.03 | -8.62 | 26.15 | -15.62 | -15.4 | 11.28 | -27.51 | -20.34 | 12.66 | -26.57 | -26.18 | 10.22 | -19.46 | -22.69 | 3.07 | -15.19 | -14.25 | 1.83 | -11.59 | -15.28 | 0.18 | 12.5 | 12.5 | 13.45 | -25.53 | -25.4 | 66.30 | -4.23 | -1.02 | 89.29 | -0.97 | 7.96 | 11.11 | 12.9 | -37.04 | 11.89 | -7.61 | -9.86 |
| 24Q2 (19) | 2.41 | -8.02 | -2.82 | 30.99 | -0.99 | -8.75 | 15.56 | -0.06 | -13.51 | 17.24 | -6.2 | -12.09 | 12.69 | -9.55 | -6.21 | 3.62 | -8.35 | -9.05 | 2.07 | -8.81 | -12.29 | 0.16 | 0.0 | -5.88 | 18.06 | -5.69 | -11.43 | 69.23 | -13.76 | 6.03 | 90.16 | 6.26 | -1.88 | 9.84 | -35.05 | 17.08 | 12.87 | -5.58 | -0.69 |
| 24Q1 (18) | 2.62 | 64.78 | 46.37 | 31.30 | 9.86 | -10.13 | 15.57 | 20.14 | -13.64 | 18.38 | 49.19 | 8.5 | 14.03 | 61.82 | 23.72 | 3.95 | 65.97 | 37.15 | 2.27 | 59.86 | 31.98 | 0.16 | 0.0 | 6.67 | 19.15 | 46.07 | 7.34 | 80.28 | 17.23 | 10.41 | 84.85 | -19.25 | -20.42 | 15.15 | 398.9 | 329.06 | 13.63 | 13.68 | -4.48 |
| 23Q4 (17) | 1.59 | -31.47 | -24.29 | 28.49 | -7.83 | -9.87 | 12.96 | -8.47 | -18.23 | 12.32 | -28.16 | -23.86 | 8.67 | -34.42 | -32.95 | 2.38 | -33.52 | -33.89 | 1.42 | -34.26 | -36.04 | 0.16 | 0.0 | -5.88 | 13.11 | -27.29 | -22.88 | 68.48 | 2.24 | 9.18 | 105.07 | 27.05 | 7.05 | -5.07 | -128.73 | -328.11 | 11.99 | -9.1 | -7.48 |
| 23Q3 (16) | 2.32 | -6.45 | -9.02 | 30.91 | -8.98 | -6.93 | 14.16 | -21.29 | -20.63 | 17.15 | -12.54 | -14.16 | 13.22 | -2.29 | -14.93 | 3.58 | -10.05 | -19.0 | 2.16 | -8.47 | -21.45 | 0.16 | -5.88 | -11.11 | 18.03 | -11.57 | -13.28 | 66.98 | 2.59 | 9.05 | 82.70 | -10.0 | -7.21 | 17.65 | 109.94 | 66.89 | 13.19 | 1.77 | 1.77 |
| 23Q2 (15) | 2.48 | 38.55 | 27.84 | 33.96 | -2.5 | -1.57 | 17.99 | -0.22 | -2.28 | 19.61 | 15.76 | 2.3 | 13.53 | 19.31 | 5.62 | 3.98 | 38.19 | 8.15 | 2.36 | 37.21 | 5.36 | 0.17 | 13.33 | -5.56 | 20.39 | 14.29 | 2.0 | 65.29 | -10.2 | 7.6 | 91.88 | -13.82 | -4.42 | 8.41 | 227.08 | 117.15 | 12.96 | -9.18 | -0.92 |
| 23Q1 (14) | 1.79 | -14.76 | -9.14 | 34.83 | 10.19 | 6.97 | 18.03 | 13.75 | 11.78 | 16.94 | 4.7 | -0.94 | 11.34 | -12.3 | -13.44 | 2.88 | -20.0 | -23.2 | 1.72 | -22.52 | -24.89 | 0.15 | -11.76 | -11.76 | 17.84 | 4.94 | -0.5 | 72.71 | 15.93 | 7.81 | 106.61 | 8.63 | 13.2 | -6.61 | -397.67 | -213.69 | 14.27 | 10.11 | 2.07 |
| 22Q4 (13) | 2.10 | -17.65 | -0.94 | 31.61 | -4.82 | 5.51 | 15.85 | -11.15 | 2.66 | 16.18 | -19.02 | -6.47 | 12.93 | -16.8 | -3.15 | 3.60 | -18.55 | -11.11 | 2.22 | -19.27 | -12.25 | 0.17 | -5.56 | -10.53 | 17.00 | -18.23 | -6.18 | 62.72 | 2.12 | 4.5 | 98.15 | 10.13 | 10.18 | 2.22 | -78.98 | -79.65 | 12.96 | 0.0 | 3.68 |
| 22Q3 (12) | 2.55 | 31.44 | 34.92 | 33.21 | -3.74 | 0.09 | 17.84 | -3.1 | -0.72 | 19.98 | 4.23 | 10.57 | 15.54 | 21.31 | 23.24 | 4.42 | 20.11 | 17.55 | 2.75 | 22.77 | 15.55 | 0.18 | 0.0 | -5.26 | 20.79 | 4.0 | 9.59 | 61.42 | 1.22 | 1.5 | 89.12 | -7.29 | -10.26 | 10.57 | 173.16 | 1427.95 | 12.96 | -0.92 | 4.01 |
| 22Q2 (11) | 1.94 | -1.52 | -17.09 | 34.50 | 5.96 | -7.06 | 18.41 | 14.14 | -15.78 | 19.17 | 12.11 | -10.59 | 12.81 | -2.21 | -22.41 | 3.68 | -1.87 | -24.28 | 2.24 | -2.18 | -26.32 | 0.18 | 5.88 | 0.0 | 19.99 | 11.49 | -10.44 | 60.68 | -10.02 | 8.03 | 96.13 | 2.07 | -5.61 | 3.87 | -33.47 | 309.68 | 13.08 | -6.44 | 4.72 |
| 22Q1 (10) | 1.97 | -7.08 | 21.6 | 32.56 | 8.68 | 2.88 | 16.13 | 4.47 | 7.03 | 17.10 | -1.16 | 13.77 | 13.10 | -1.87 | 10.74 | 3.75 | -7.41 | 10.62 | 2.29 | -9.49 | 7.01 | 0.17 | -10.53 | -5.56 | 17.93 | -1.05 | 12.34 | 67.44 | 12.36 | 5.8 | 94.18 | 5.73 | -6.24 | 5.82 | -46.73 | 1380.0 | 13.98 | 11.84 | 2.79 |
| 21Q4 (9) | 2.12 | 12.17 | 14.59 | 29.96 | -9.7 | -4.92 | 15.44 | -14.08 | -14.74 | 17.30 | -4.26 | 0.17 | 13.35 | 5.87 | 1.06 | 4.05 | 7.71 | 4.65 | 2.53 | 6.3 | -0.39 | 0.19 | 0.0 | 0.0 | 18.12 | -4.48 | -0.22 | 60.02 | -0.81 | 11.77 | 89.08 | -10.3 | -14.87 | 10.92 | 1478.16 | 317.59 | 12.50 | 0.32 | 7.39 |
| 21Q3 (8) | 1.89 | -19.23 | 1.07 | 33.18 | -10.61 | 2.76 | 17.97 | -17.8 | 1.64 | 18.07 | -15.72 | 5.36 | 12.61 | -23.62 | -2.17 | 3.76 | -22.63 | -7.62 | 2.38 | -21.71 | -8.81 | 0.19 | 5.56 | -5.0 | 18.97 | -15.01 | 5.51 | 60.51 | 7.73 | 16.75 | 99.31 | -2.49 | -3.6 | 0.69 | 137.49 | 122.92 | 12.46 | -0.24 | 2.98 |
| 21Q2 (7) | 2.34 | 44.44 | 37.65 | 37.12 | 17.28 | 18.44 | 21.86 | 45.06 | 45.44 | 21.44 | 42.65 | 58.23 | 16.51 | 39.56 | 37.47 | 4.86 | 43.36 | 31.0 | 3.04 | 42.06 | 28.81 | 0.18 | 0.0 | -10.0 | 22.32 | 39.85 | 55.22 | 56.17 | -11.88 | -7.55 | 101.85 | 1.39 | -8.47 | -1.85 | -306.15 | 82.88 | 12.49 | -8.16 | 10.92 |
| 21Q1 (6) | 1.62 | -12.43 | 4.52 | 31.65 | 0.44 | -2.65 | 15.07 | -16.79 | 10.65 | 15.03 | -12.97 | -2.66 | 11.83 | -10.45 | -1.33 | 3.39 | -12.4 | 0.3 | 2.14 | -15.75 | 0.0 | 0.18 | -5.26 | 0.0 | 15.96 | -12.11 | -2.44 | 63.74 | 18.7 | 16.51 | 100.45 | -3.99 | 13.81 | -0.45 | 90.94 | -103.87 | 13.60 | 16.84 | -4.09 |
| 20Q4 (5) | 1.85 | -1.07 | 122.89 | 31.51 | -2.42 | 10.99 | 18.11 | 2.43 | 79.66 | 17.27 | 0.7 | 111.38 | 13.21 | 2.48 | 111.7 | 3.87 | -4.91 | 108.06 | 2.54 | -2.68 | 115.25 | 0.19 | -5.0 | 0.0 | 18.16 | 1.0 | 97.61 | 53.70 | 3.61 | -13.18 | 104.63 | 1.57 | -15.71 | -5.02 | -66.26 | 78.44 | 11.64 | -3.8 | 0 |
| 20Q3 (4) | 1.87 | 10.0 | 0.0 | 32.29 | 3.03 | 0.0 | 17.68 | 17.63 | 0.0 | 17.15 | 26.57 | 0.0 | 12.89 | 7.33 | 0.0 | 4.07 | 9.7 | 0.0 | 2.61 | 10.59 | 0.0 | 0.20 | 0.0 | 0.0 | 17.98 | 25.03 | 0.0 | 51.83 | -14.7 | 0.0 | 103.02 | -7.42 | 0.0 | -3.02 | 72.01 | 0.0 | 12.10 | 7.46 | 0.0 |
| 20Q2 (3) | 1.70 | 9.68 | 0.0 | 31.34 | -3.6 | 0.0 | 15.03 | 10.35 | 0.0 | 13.55 | -12.24 | 0.0 | 12.01 | 0.17 | 0.0 | 3.71 | 9.76 | 0.0 | 2.36 | 10.28 | 0.0 | 0.20 | 11.11 | 0.0 | 14.38 | -12.1 | 0.0 | 60.76 | 11.06 | 0.0 | 111.27 | 26.07 | 0.0 | -10.78 | -191.88 | 0.0 | 11.26 | -20.59 | 0.0 |
| 20Q1 (2) | 1.55 | 86.75 | 0.0 | 32.51 | 14.51 | 0.0 | 13.62 | 35.12 | 0.0 | 15.44 | 88.98 | 0.0 | 11.99 | 92.15 | 0.0 | 3.38 | 81.72 | 0.0 | 2.14 | 81.36 | 0.0 | 0.18 | -5.26 | 0.0 | 16.36 | 78.02 | 0.0 | 54.71 | -11.54 | 0.0 | 88.26 | -28.9 | 0.0 | 11.74 | 150.43 | 0.0 | 14.18 | 0 | 0.0 |
| 19Q4 (1) | 0.83 | 0.0 | 0.0 | 28.39 | 0.0 | 0.0 | 10.08 | 0.0 | 0.0 | 8.17 | 0.0 | 0.0 | 6.24 | 0.0 | 0.0 | 1.86 | 0.0 | 0.0 | 1.18 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 9.19 | 0.0 | 0.0 | 61.85 | 0.0 | 0.0 | 124.14 | 0.0 | 0.0 | -23.28 | 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) | 8.17 | -5.88 | 31.96 | -3.03 | 15.72 | -7.8 | 0.80 | 1.07 | 16.48 | -9.0 | 11.68 | -14.12 | 12.53 | -17.13 | 7.57 | -19.21 | 0.65 | -5.8 | 17.33 | -8.4 | 68.48 | 9.18 | 95.40 | 1.29 | 4.60 | -20.96 | 0.00 | 0 | 13.06 | -1.36 |
| 2022 (9) | 8.68 | 9.05 | 32.96 | 0.18 | 17.05 | -2.85 | 0.79 | -7.79 | 18.11 | 0.84 | 13.60 | 0.22 | 15.12 | -3.01 | 9.37 | -5.64 | 0.69 | -5.48 | 18.92 | 0.37 | 62.72 | 4.5 | 94.18 | -3.59 | 5.82 | 151.96 | 0.00 | 0 | 13.24 | 3.84 |
| 2021 (8) | 7.96 | 14.37 | 32.90 | 3.13 | 17.55 | 8.53 | 0.86 | 4.32 | 17.96 | 13.17 | 13.57 | 8.21 | 15.59 | 5.2 | 9.93 | 5.53 | 0.73 | -2.67 | 18.85 | 12.67 | 60.02 | 11.77 | 97.69 | -4.14 | 2.31 | 0 | 0.00 | 0 | 12.75 | 4.08 |
| 2020 (7) | 6.96 | 3.57 | 31.90 | 10.46 | 16.17 | 11.13 | 0.83 | -0.64 | 15.87 | 6.22 | 12.54 | 9.33 | 14.82 | -3.58 | 9.41 | -0.42 | 0.75 | -8.54 | 16.73 | 5.55 | 53.70 | -13.18 | 101.91 | 4.6 | -1.91 | 0 | 0.00 | 0 | 12.25 | 13.53 |
| 2019 (6) | 6.72 | -3.31 | 28.88 | -8.03 | 14.55 | -11.23 | 0.83 | 32.19 | 14.94 | -14.82 | 11.47 | -11.5 | 15.37 | -8.89 | 9.45 | -10.26 | 0.82 | 1.23 | 15.85 | -13.15 | 61.85 | -4.42 | 97.43 | 4.18 | 2.57 | -60.95 | 0.00 | 0 | 10.79 | -5.18 |
| 2018 (5) | 6.95 | 55.48 | 31.40 | 1.36 | 16.39 | 11.95 | 0.63 | -6.07 | 17.54 | 24.66 | 12.96 | 18.46 | 16.87 | 42.24 | 10.53 | 35.87 | 0.81 | 14.08 | 18.25 | 22.73 | 64.71 | 15.24 | 93.53 | -10.06 | 6.57 | 0 | 0.00 | 0 | 11.38 | -6.03 |
| 2017 (4) | 4.47 | 2.76 | 30.98 | 12.57 | 14.64 | 17.5 | 0.67 | 3.99 | 14.07 | 7.32 | 10.94 | 2.15 | 11.86 | -2.55 | 7.75 | -2.15 | 0.71 | -4.05 | 14.87 | 7.21 | 56.15 | 9.71 | 103.99 | 9.36 | -3.99 | 0 | 0.00 | 0 | 12.11 | 2.11 |
| 2016 (3) | 4.35 | -10.49 | 27.52 | -1.71 | 12.46 | -7.91 | 0.64 | 3.96 | 13.11 | -5.27 | 10.71 | -1.02 | 12.17 | -13.5 | 7.92 | -11.71 | 0.74 | -9.76 | 13.87 | -5.07 | 51.18 | -11.21 | 95.09 | -2.67 | 4.91 | 126.6 | 0.00 | 0 | 11.86 | 20.65 |
| 2015 (2) | 4.86 | -8.99 | 28.00 | 2.19 | 13.53 | -1.74 | 0.62 | 10.97 | 13.84 | -1.14 | 10.82 | 0.93 | 14.07 | -15.65 | 8.97 | -12.74 | 0.82 | -13.68 | 14.61 | -0.68 | 57.64 | -0.91 | 97.70 | -0.62 | 2.17 | 28.22 | 0.00 | 0 | 9.83 | 0.1 |
| 2014 (1) | 5.34 | -0.74 | 27.40 | 0 | 13.77 | 0 | 0.56 | 8.77 | 14.00 | 0 | 10.72 | 0 | 16.68 | 0 | 10.28 | 0 | 0.95 | -8.65 | 14.71 | 4.7 | 58.17 | -16.46 | 98.31 | 0.72 | 1.69 | -29.24 | 0.00 | 0 | 9.82 | -0.51 |
