- 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) | 1.18 | 14.56 | 63.89 | 23.82 | -6.04 | 45.16 | 10.57 | -1.58 | 87.74 | 11.62 | -3.89 | 83.57 | 9.06 | -2.27 | 90.74 | 4.11 | 5.66 | 16.1 | 2.09 | 10.58 | 42.18 | 0.23 | 15.0 | -20.69 | 12.14 | -5.75 | 73.18 | 101.72 | 6.74 | -33.56 | 91.39 | 2.91 | 3.08 | 9.27 | -17.17 | -18.24 | 9.47 | -8.85 | 20.03 |
| 24Q2 (19) | 1.03 | 28.75 | -8.85 | 25.35 | 11.62 | 12.02 | 10.74 | 21.63 | 13.89 | 12.09 | 27.26 | 24.0 | 9.27 | 28.22 | 28.04 | 3.89 | 10.2 | -18.45 | 1.89 | 25.17 | -2.07 | 0.20 | 0.0 | -23.08 | 12.88 | 23.73 | 22.32 | 95.30 | -25.4 | -38.6 | 88.81 | -4.79 | -8.28 | 11.19 | 66.31 | 252.61 | 10.39 | 0.19 | 7.0 |
| 24Q1 (18) | 0.80 | 31.15 | 3.9 | 22.71 | 24.99 | 14.35 | 8.83 | 65.36 | 24.37 | 9.50 | 68.14 | 35.52 | 7.23 | 72.97 | 36.67 | 3.53 | 20.07 | 2.92 | 1.51 | 24.79 | 11.03 | 0.20 | -25.93 | -20.0 | 10.41 | 64.98 | 34.15 | 127.74 | -21.2 | -19.36 | 93.27 | -1.95 | -7.83 | 6.73 | 10.38 | 665.38 | 10.37 | 5.71 | 11.39 |
| 23Q4 (17) | 0.61 | -15.28 | -8.96 | 18.17 | 10.73 | -14.01 | 5.34 | -5.15 | -9.34 | 5.65 | -10.74 | -14.78 | 4.18 | -12.0 | -0.71 | 2.94 | -16.95 | -5.77 | 1.21 | -17.69 | -2.42 | 0.27 | -6.9 | -3.57 | 6.31 | -9.99 | -14.61 | 162.10 | 5.89 | -2.95 | 95.12 | 7.29 | 7.48 | 6.10 | -46.23 | -46.95 | 9.81 | 24.33 | -11.14 |
| 23Q3 (16) | 0.72 | -36.28 | -38.98 | 16.41 | -27.49 | -4.31 | 5.63 | -40.3 | -12.44 | 6.33 | -35.08 | -23.46 | 4.75 | -34.39 | -30.35 | 3.54 | -25.79 | -39.59 | 1.47 | -23.83 | -35.24 | 0.29 | 11.54 | -9.38 | 7.01 | -33.43 | -21.76 | 153.09 | -1.36 | -5.39 | 88.66 | -8.43 | 13.45 | 11.34 | 257.22 | -48.1 | 7.89 | -18.74 | -3.07 |
| 23Q2 (15) | 1.13 | 46.75 | -22.07 | 22.63 | 13.95 | 17.56 | 9.43 | 32.82 | 5.72 | 9.75 | 39.09 | 4.5 | 7.24 | 36.86 | -4.11 | 4.77 | 39.07 | -25.93 | 1.93 | 41.91 | -19.58 | 0.26 | 4.0 | -16.13 | 10.53 | 35.7 | 5.09 | 155.20 | -2.02 | -9.13 | 96.83 | -4.31 | 0.73 | 3.17 | 366.67 | -31.75 | 9.71 | 4.3 | 24.81 |
| 23Q1 (14) | 0.77 | 14.93 | -22.22 | 19.86 | -6.01 | -8.56 | 7.10 | 20.54 | -13.2 | 7.01 | 5.73 | -22.8 | 5.29 | 25.65 | -23.78 | 3.43 | 9.94 | -23.44 | 1.36 | 9.68 | -23.16 | 0.25 | -10.71 | 0.0 | 7.76 | 5.01 | -20.9 | 158.40 | -5.16 | -11.74 | 101.19 | 14.33 | 13.38 | -1.19 | -110.36 | -112.3 | 9.31 | -15.67 | -4.9 |
| 22Q4 (13) | 0.67 | -43.22 | 1.52 | 21.13 | 23.21 | 14.71 | 5.89 | -8.4 | 21.19 | 6.63 | -19.83 | 11.24 | 4.21 | -38.27 | 0.48 | 3.12 | -46.76 | -1.27 | 1.24 | -45.37 | -10.14 | 0.28 | -12.5 | -12.5 | 7.39 | -17.52 | 10.79 | 167.02 | 3.21 | 24.95 | 88.51 | 13.25 | 7.82 | 11.49 | -47.39 | -35.82 | 11.04 | 35.63 | 5.75 |
| 22Q3 (12) | 1.18 | -18.62 | 16.83 | 17.15 | -10.91 | -17.47 | 6.43 | -27.91 | -14.27 | 8.27 | -11.36 | 3.25 | 6.82 | -9.67 | 14.43 | 5.86 | -9.01 | 59.67 | 2.27 | -5.42 | 37.58 | 0.32 | 3.23 | 18.52 | 8.96 | -10.58 | 0.67 | 161.82 | -5.26 | 18.61 | 78.15 | -18.7 | -17.04 | 21.85 | 369.75 | 276.89 | 8.14 | 4.63 | -27.45 |
| 22Q2 (11) | 1.45 | 46.46 | 42.16 | 19.25 | -11.37 | -22.78 | 8.92 | 9.05 | -6.01 | 9.33 | 2.75 | 5.19 | 7.55 | 8.79 | 10.87 | 6.44 | 43.75 | 75.48 | 2.40 | 35.59 | 42.01 | 0.31 | 24.0 | 29.17 | 10.02 | 2.14 | 1.62 | 170.80 | -4.83 | 37.71 | 96.12 | 7.71 | -9.22 | 4.65 | -51.94 | 163.26 | 7.78 | -20.53 | -33.28 |
| 22Q1 (10) | 0.99 | 50.0 | -16.1 | 21.72 | 17.92 | 27.92 | 8.18 | 68.31 | 33.44 | 9.08 | 52.35 | 34.12 | 6.94 | 65.63 | 36.88 | 4.48 | 41.77 | -0.88 | 1.77 | 28.26 | -12.38 | 0.25 | -21.88 | -35.9 | 9.81 | 47.08 | 33.47 | 179.46 | 34.26 | 49.24 | 89.25 | 8.72 | -2.19 | 9.68 | -45.97 | -3.23 | 9.79 | -6.23 | 27.14 |
| 21Q4 (9) | 0.66 | -34.65 | 4.76 | 18.42 | -11.36 | -14.6 | 4.86 | -35.2 | 0.21 | 5.96 | -25.59 | 32.74 | 4.19 | -29.7 | 25.83 | 3.16 | -13.9 | 10.88 | 1.38 | -16.36 | 13.11 | 0.32 | 18.52 | -8.57 | 6.67 | -25.06 | 28.52 | 133.67 | -2.02 | -3.1 | 82.09 | -12.86 | -24.9 | 17.91 | 208.96 | 356.72 | 10.44 | -6.95 | -31.59 |
| 21Q3 (8) | 1.01 | -0.98 | -9.82 | 20.78 | -16.65 | 11.9 | 7.50 | -20.97 | 15.56 | 8.01 | -9.7 | 9.28 | 5.96 | -12.48 | 7.78 | 3.67 | 0.0 | -31.66 | 1.65 | -2.37 | -21.05 | 0.27 | 12.5 | -27.03 | 8.90 | -9.74 | 11.95 | 136.43 | 10.0 | -8.02 | 94.20 | -11.03 | 6.86 | 5.80 | 178.84 | -51.05 | 11.22 | -3.77 | 52.03 |
| 21Q2 (7) | 1.02 | -13.56 | -23.88 | 24.93 | 46.82 | 24.46 | 9.49 | 54.81 | 9.58 | 8.87 | 31.02 | 8.97 | 6.81 | 34.32 | 20.32 | 3.67 | -18.81 | -39.04 | 1.69 | -16.34 | -22.48 | 0.24 | -38.46 | -36.84 | 9.86 | 34.15 | 12.43 | 124.03 | 3.14 | -30.1 | 105.88 | 16.04 | -0.95 | -7.35 | -173.53 | -6.62 | 11.66 | 51.43 | 0 |
| 21Q1 (6) | 1.18 | 87.3 | -22.88 | 16.98 | -21.28 | -19.33 | 6.13 | 26.39 | -33.22 | 6.77 | 50.78 | -26.09 | 5.07 | 52.25 | -26.73 | 4.52 | 58.6 | -38.34 | 2.02 | 65.57 | -23.19 | 0.39 | 11.43 | 5.41 | 7.35 | 41.62 | -25.91 | 120.25 | -12.82 | -35.89 | 91.25 | -16.52 | -9.74 | 10.00 | 243.33 | 0 | 7.70 | -49.54 | -15.29 |
| 20Q4 (5) | 0.63 | -43.75 | -25.0 | 21.57 | 16.16 | -12.32 | 4.85 | -25.27 | -22.52 | 4.49 | -38.74 | -22.18 | 3.33 | -39.78 | -28.23 | 2.85 | -46.93 | -33.1 | 1.22 | -41.63 | -24.69 | 0.35 | -5.41 | 6.06 | 5.19 | -34.72 | -24.01 | 137.94 | -7.0 | -24.73 | 109.30 | 23.98 | 0.73 | -6.98 | -158.91 | 18.02 | 15.26 | 106.78 | 9.78 |
| 20Q3 (4) | 1.12 | -16.42 | 0.0 | 18.57 | -7.29 | 0.0 | 6.49 | -25.06 | 0.0 | 7.33 | -9.95 | 0.0 | 5.53 | -2.3 | 0.0 | 5.37 | -10.8 | 0.0 | 2.09 | -4.13 | 0.0 | 0.37 | -2.63 | 0.0 | 7.95 | -9.35 | 0.0 | 148.33 | -16.41 | 0.0 | 88.16 | -17.53 | 0.0 | 11.84 | 271.71 | 0.0 | 7.38 | 0 | 0.0 |
| 20Q2 (3) | 1.34 | -12.42 | 0.0 | 20.03 | -4.85 | 0.0 | 8.66 | -5.66 | 0.0 | 8.14 | -11.14 | 0.0 | 5.66 | -18.21 | 0.0 | 6.02 | -17.87 | 0.0 | 2.18 | -17.11 | 0.0 | 0.38 | 2.7 | 0.0 | 8.77 | -11.59 | 0.0 | 177.45 | -5.4 | 0.0 | 106.90 | 5.73 | 0.0 | -6.90 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 1.53 | 82.14 | 0.0 | 21.05 | -14.43 | 0.0 | 9.18 | 46.65 | 0.0 | 9.16 | 58.75 | 0.0 | 6.92 | 49.14 | 0.0 | 7.33 | 72.07 | 0.0 | 2.63 | 62.35 | 0.0 | 0.37 | 12.12 | 0.0 | 9.92 | 45.24 | 0.0 | 187.58 | 2.35 | 0.0 | 101.10 | -6.83 | 0.0 | -0.00 | 100.0 | 0.0 | 9.09 | -34.6 | 0.0 |
| 19Q4 (1) | 0.84 | 0.0 | 0.0 | 24.60 | 0.0 | 0.0 | 6.26 | 0.0 | 0.0 | 5.77 | 0.0 | 0.0 | 4.64 | 0.0 | 0.0 | 4.26 | 0.0 | 0.0 | 1.62 | 0.0 | 0.0 | 0.33 | 0.0 | 0.0 | 6.83 | 0.0 | 0.0 | 183.27 | 0.0 | 0.0 | 108.51 | 0.0 | 0.0 | -8.51 | 0.0 | 0.0 | 13.90 | 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) | 2.92 | -26.45 | 19.10 | -2.7 | 6.77 | -7.39 | 0.40 | -9.89 | 7.11 | -14.34 | 5.30 | -16.93 | 14.87 | -24.52 | 5.91 | -26.67 | 1.06 | -13.82 | 7.84 | -12.89 | 162.10 | -2.95 | 95.37 | 8.27 | 4.63 | -61.17 | 0.00 | 0 | 9.14 | 0.33 |
| 2022 (9) | 3.97 | 34.58 | 19.63 | -0.66 | 7.31 | 8.78 | 0.45 | -23.71 | 8.30 | 14.96 | 6.38 | 19.25 | 19.70 | 26.53 | 8.06 | 18.7 | 1.23 | -0.81 | 9.00 | 12.78 | 167.02 | 24.95 | 88.08 | -5.24 | 11.92 | 69.21 | 0.00 | 0 | 9.11 | -9.08 |
| 2021 (8) | 2.95 | -31.24 | 19.76 | -2.56 | 6.72 | -8.32 | 0.58 | 13.14 | 7.22 | -1.37 | 5.35 | -0.56 | 15.57 | -25.57 | 6.79 | -18.49 | 1.24 | -17.88 | 7.98 | -0.5 | 133.67 | -3.1 | 92.96 | -7.35 | 7.04 | 0 | 0.00 | 0 | 10.02 | 1.11 |
| 2020 (7) | 4.29 | 9.44 | 20.28 | -9.02 | 7.33 | 2.81 | 0.52 | -30.18 | 7.32 | 5.02 | 5.38 | 3.66 | 20.92 | 6.52 | 8.33 | 14.9 | 1.51 | 14.39 | 8.02 | -0.37 | 137.94 | -24.73 | 100.34 | -1.74 | -0.34 | 0 | 0.00 | 0 | 9.91 | -10.48 |
| 2019 (6) | 3.92 | 21.36 | 22.29 | -0.27 | 7.13 | 14.45 | 0.74 | 36.41 | 6.97 | 16.75 | 5.19 | 18.22 | 19.64 | 22.22 | 7.25 | 15.26 | 1.32 | -1.49 | 8.05 | 16.33 | 183.27 | -2.69 | 102.12 | -2.32 | -2.12 | 0 | 0.00 | 0 | 11.07 | -1.6 |
| 2018 (5) | 3.23 | 87.79 | 22.35 | 0.63 | 6.23 | 26.11 | 0.54 | -25.08 | 5.97 | 41.81 | 4.39 | 43.0 | 16.07 | 64.31 | 6.29 | 55.69 | 1.34 | 15.52 | 6.92 | 27.44 | 188.33 | 20.28 | 104.55 | -10.8 | -4.55 | 0 | 0.00 | 0 | 11.25 | -4.09 |
| 2017 (4) | 1.72 | 22.86 | 22.21 | 3.3 | 4.94 | 38.38 | 0.72 | -7.28 | 4.21 | 17.27 | 3.07 | 6.23 | 9.78 | 11.01 | 4.04 | 15.1 | 1.16 | 4.5 | 5.43 | 15.78 | 156.57 | -19.61 | 117.20 | 18.93 | -17.20 | 0 | 0.00 | 0 | 11.73 | -9.42 |
| 2016 (3) | 1.40 | -36.65 | 21.50 | 8.2 | 3.57 | -17.93 | 0.78 | 36.53 | 3.59 | -20.4 | 2.89 | -20.6 | 8.81 | -37.12 | 3.51 | -36.3 | 1.11 | -22.38 | 4.69 | -11.84 | 194.77 | 26.63 | 98.55 | 1.54 | 1.45 | -63.04 | 0.00 | 0 | 12.95 | 18.16 |
| 2015 (2) | 2.21 | 52.41 | 19.87 | 1.12 | 4.35 | 48.46 | 0.57 | 6.69 | 4.51 | 37.5 | 3.64 | 40.54 | 14.01 | 50.16 | 5.51 | 50.55 | 1.43 | 7.52 | 5.32 | 33.0 | 153.81 | -17.03 | 97.06 | 8.38 | 3.92 | -62.46 | 0.00 | 0 | 10.96 | -8.21 |
| 2014 (1) | 1.45 | -24.87 | 19.65 | 0 | 2.93 | 0 | 0.54 | 12.73 | 3.28 | 0 | 2.59 | 0 | 9.33 | 0 | 3.66 | 0 | 1.33 | -18.9 | 4.00 | -18.37 | 185.38 | 16.56 | 89.55 | -8.37 | 10.45 | 206.47 | 0.00 | 0 | 11.94 | 7.57 |
