- 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) | 1.02 | -37.04 | -36.65 | 26.45 | -5.03 | 3.04 | 17.41 | -7.64 | 13.35 | 15.94 | -32.54 | -38.72 | 12.52 | -33.79 | -40.21 | 2.63 | -36.63 | -42.58 | 1.59 | -32.34 | -34.02 | 0.12 | 0.0 | 9.09 | 40.58 | -16.12 | -24.28 | 75.04 | -9.89 | -20.63 | 109.30 | 37.11 | 85.04 | -9.17 | -145.2 | -122.39 | 25.94 | 0.58 | -6.22 |
| 24Q2 (19) | 1.62 | 0.0 | 43.36 | 27.85 | 17.02 | 28.46 | 18.85 | 32.84 | 61.66 | 23.63 | -9.6 | 16.4 | 18.91 | -8.91 | 10.01 | 4.15 | -4.16 | 16.9 | 2.35 | -2.89 | 28.42 | 0.12 | 9.09 | 20.0 | 48.38 | -9.5 | -7.48 | 83.28 | -7.01 | -23.38 | 79.72 | 46.76 | 38.82 | 20.28 | -55.61 | -52.37 | 25.79 | -7.33 | -11.62 |
| 24Q1 (18) | 1.62 | 184.21 | 230.61 | 23.80 | -2.14 | 17.01 | 14.19 | -7.13 | 29.23 | 26.14 | 202.2 | 137.42 | 20.76 | 155.67 | 143.66 | 4.33 | 160.84 | 159.28 | 2.42 | 139.6 | 152.08 | 0.11 | 0.0 | 10.0 | 53.46 | 40.72 | 19.73 | 89.56 | 0.08 | -20.59 | 54.32 | -69.25 | -45.54 | 45.68 | 159.59 | 18080.7 | 27.83 | 3.65 | -2.39 |
| 23Q4 (17) | 0.57 | -64.6 | 7.55 | 24.32 | -5.26 | -9.02 | 15.28 | -0.52 | -12.34 | 8.65 | -66.74 | -12.8 | 8.12 | -61.22 | 6.7 | 1.66 | -63.76 | 1.22 | 1.01 | -58.09 | 6.32 | 0.11 | 0.0 | 0.0 | 37.99 | -29.11 | -3.99 | 89.49 | -5.34 | -4.65 | 176.66 | 199.07 | 0.46 | -76.66 | -287.29 | -1.06 | 26.85 | -2.93 | 2.25 |
| 23Q3 (16) | 1.61 | 42.48 | -25.81 | 25.67 | 18.4 | -8.03 | 15.36 | 31.73 | -15.04 | 26.01 | 28.13 | -10.89 | 20.94 | 21.82 | -9.9 | 4.58 | 29.01 | -23.15 | 2.41 | 31.69 | -17.75 | 0.11 | 10.0 | -8.33 | 53.59 | 2.49 | -2.3 | 94.54 | -13.02 | -10.0 | 59.07 | 2.86 | -4.6 | 40.93 | -3.86 | 7.68 | 27.66 | -5.21 | 3.87 |
| 23Q2 (15) | 1.13 | 130.61 | -48.17 | 21.68 | 6.59 | -33.72 | 11.66 | 6.19 | -51.4 | 20.30 | 84.38 | -26.66 | 17.19 | 101.76 | -22.74 | 3.55 | 112.57 | -44.88 | 1.83 | 90.63 | -39.4 | 0.10 | 0.0 | -23.08 | 52.29 | 17.11 | 3.01 | 108.69 | -3.63 | -7.46 | 57.43 | -42.43 | -33.75 | 42.57 | 16844.03 | 219.75 | 29.18 | 2.35 | 15.52 |
| 23Q1 (14) | 0.49 | -7.55 | -73.08 | 20.34 | -23.91 | -32.98 | 10.98 | -37.01 | -49.47 | 11.01 | 10.99 | -57.36 | 8.52 | 11.96 | -58.15 | 1.67 | 1.83 | -68.79 | 0.96 | 1.05 | -62.93 | 0.10 | -9.09 | -16.67 | 44.65 | 12.84 | -10.93 | 112.78 | 20.17 | -8.99 | 99.75 | -43.28 | 18.53 | 0.25 | 100.33 | -98.41 | 28.51 | 8.57 | 10.16 |
| 22Q4 (13) | 0.53 | -75.58 | -65.58 | 26.73 | -4.23 | -6.6 | 17.43 | -3.6 | -5.83 | 9.92 | -66.02 | -52.24 | 7.61 | -67.25 | -57.3 | 1.64 | -72.48 | -62.98 | 0.95 | -67.58 | -57.4 | 0.11 | -8.33 | -8.33 | 39.57 | -27.86 | -16.15 | 93.85 | -10.65 | -10.9 | 175.85 | 184.01 | 97.34 | -75.85 | -299.56 | -796.76 | 26.26 | -1.39 | -4.82 |
| 22Q3 (12) | 2.17 | -0.46 | 13.02 | 27.91 | -14.67 | -8.94 | 18.08 | -24.64 | -19.21 | 29.19 | 5.46 | 18.03 | 23.24 | 4.45 | 16.14 | 5.96 | -7.45 | 3.47 | 2.93 | -2.98 | 4.27 | 0.12 | -7.69 | -14.29 | 54.85 | 8.06 | 15.23 | 105.04 | -10.57 | -6.16 | 61.92 | -28.57 | -31.64 | 38.01 | 185.48 | 299.8 | 26.63 | 5.42 | 6.99 |
| 22Q2 (11) | 2.18 | 19.78 | 40.65 | 32.71 | 7.78 | 6.93 | 23.99 | 10.4 | 10.25 | 27.68 | 7.2 | 35.16 | 22.25 | 9.28 | 26.71 | 6.44 | 20.37 | 34.73 | 3.02 | 16.6 | 27.43 | 0.13 | 8.33 | 0.0 | 50.76 | 1.26 | 11.34 | 117.45 | -5.22 | 3.76 | 86.69 | 3.0 | -18.43 | 13.31 | -15.96 | 312.29 | 25.26 | -2.4 | -0.2 |
| 22Q1 (10) | 1.82 | 18.18 | 43.31 | 30.35 | 6.04 | 6.45 | 21.73 | 17.4 | 11.49 | 25.82 | 24.31 | 20.2 | 20.36 | 14.25 | 19.62 | 5.35 | 20.77 | 34.76 | 2.59 | 16.14 | 27.59 | 0.12 | 0.0 | 9.09 | 50.13 | 6.23 | 4.07 | 123.92 | 17.65 | 13.49 | 84.16 | -5.56 | -7.22 | 15.84 | 45.52 | 70.42 | 25.88 | -6.2 | 4.57 |
| 21Q4 (9) | 1.54 | -19.79 | 33.91 | 28.62 | -6.62 | 0.67 | 18.51 | -17.29 | -2.42 | 20.77 | -16.01 | 19.03 | 17.82 | -10.94 | 14.52 | 4.43 | -23.09 | 17.2 | 2.23 | -20.64 | 11.5 | 0.12 | -14.29 | 0.0 | 47.19 | -0.86 | 13.17 | 105.33 | -5.9 | 5.88 | 89.11 | -1.62 | -18.1 | 10.89 | 14.51 | 223.58 | 27.59 | 10.85 | 8.58 |
| 21Q3 (8) | 1.92 | 23.87 | 61.34 | 30.65 | 0.2 | -5.11 | 22.38 | 2.85 | 4.63 | 24.73 | 20.75 | 19.64 | 20.01 | 13.95 | 20.11 | 5.76 | 20.5 | 42.93 | 2.81 | 18.57 | 33.81 | 0.14 | 7.69 | 16.67 | 47.60 | 4.41 | 10.44 | 111.94 | -1.1 | 12.58 | 90.58 | -14.77 | -12.38 | 9.51 | 251.59 | 370.17 | 24.89 | -1.66 | -4.05 |
| 21Q2 (7) | 1.55 | 22.05 | 42.2 | 30.59 | 7.3 | 7.83 | 21.76 | 11.65 | 20.09 | 20.48 | -4.66 | 10.4 | 17.56 | 3.17 | 4.71 | 4.78 | 20.4 | 30.25 | 2.37 | 16.75 | 20.3 | 0.13 | 18.18 | 18.18 | 45.59 | -5.36 | 4.4 | 113.19 | 3.66 | 12.02 | 106.27 | 17.16 | 8.9 | -6.27 | -167.47 | -381.18 | 25.31 | 2.26 | 0 |
| 21Q1 (6) | 1.27 | 10.43 | 58.75 | 28.51 | 0.28 | 7.22 | 19.49 | 2.74 | 20.09 | 21.48 | 23.09 | 30.9 | 17.02 | 9.38 | 34.44 | 3.97 | 5.03 | 54.47 | 2.03 | 1.5 | 39.04 | 0.11 | -8.33 | 0.0 | 48.17 | 15.52 | 11.38 | 109.19 | 9.76 | 22.96 | 90.70 | -16.64 | -8.27 | 9.30 | 205.53 | 729.22 | 24.75 | -2.6 | -6.88 |
| 20Q4 (5) | 1.15 | -3.36 | 0.88 | 28.43 | -11.98 | -26.69 | 18.97 | -11.31 | -34.59 | 17.45 | -15.58 | -34.55 | 15.56 | -6.6 | -24.65 | 3.78 | -6.2 | -27.86 | 2.00 | -4.76 | -34.21 | 0.12 | 0.0 | -14.29 | 41.70 | -3.25 | -12.14 | 99.48 | 0.05 | 19.78 | 108.81 | 5.26 | 0.11 | -8.81 | -150.33 | -1.42 | 25.41 | -2.04 | 0 |
| 20Q3 (4) | 1.19 | 9.17 | 0.0 | 32.30 | 13.85 | 0.0 | 21.39 | 18.05 | 0.0 | 20.67 | 11.43 | 0.0 | 16.66 | -0.66 | 0.0 | 4.03 | 9.81 | 0.0 | 2.10 | 6.6 | 0.0 | 0.12 | 9.09 | 0.0 | 43.10 | -1.31 | 0.0 | 99.43 | -1.59 | 0.0 | 103.37 | 5.93 | 0.0 | -3.52 | -257.77 | 0.0 | 25.94 | 0 | 0.0 |
| 20Q2 (3) | 1.09 | 36.25 | 0.0 | 28.37 | 6.69 | 0.0 | 18.12 | 11.65 | 0.0 | 18.55 | 13.04 | 0.0 | 16.77 | 32.46 | 0.0 | 3.67 | 42.8 | 0.0 | 1.97 | 34.93 | 0.0 | 0.11 | 0.0 | 0.0 | 43.67 | 0.97 | 0.0 | 101.04 | 13.78 | 0.0 | 97.58 | -1.31 | 0.0 | 2.23 | 98.96 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.80 | -29.82 | 0.0 | 26.59 | -31.43 | 0.0 | 16.23 | -44.03 | 0.0 | 16.41 | -38.45 | 0.0 | 12.66 | -38.69 | 0.0 | 2.57 | -50.95 | 0.0 | 1.46 | -51.97 | 0.0 | 0.11 | -21.43 | 0.0 | 43.25 | -8.87 | 0.0 | 88.80 | 6.92 | 0.0 | 98.88 | -9.02 | 0.0 | 1.12 | 112.91 | 0.0 | 26.58 | 0 | 0.0 |
| 19Q4 (1) | 1.14 | 0.0 | 0.0 | 38.78 | 0.0 | 0.0 | 29.00 | 0.0 | 0.0 | 26.66 | 0.0 | 0.0 | 20.65 | 0.0 | 0.0 | 5.24 | 0.0 | 0.0 | 3.04 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 47.46 | 0.0 | 0.0 | 83.05 | 0.0 | 0.0 | 108.69 | 0.0 | 0.0 | -8.69 | 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) | 3.80 | -43.11 | 23.12 | -21.81 | 13.43 | -34.39 | 28.26 | 17.93 | 16.63 | -29.77 | 13.82 | -26.49 | 10.92 | -42.19 | 6.26 | -36.96 | 0.41 | -18.0 | 47.15 | -4.13 | 89.49 | -4.65 | 80.70 | -6.67 | 19.30 | 42.38 | 0.51 | -20.96 | 28.01 | 7.77 |
| 2022 (9) | 6.68 | 6.88 | 29.57 | -0.3 | 20.47 | -0.73 | 23.96 | 0.62 | 23.68 | 7.83 | 18.80 | 3.3 | 18.89 | 1.94 | 9.93 | 4.09 | 0.50 | 0.0 | 49.18 | 4.39 | 93.85 | -10.9 | 86.47 | -7.93 | 13.56 | 123.68 | 0.64 | 22.16 | 25.99 | 1.29 |
| 2021 (8) | 6.25 | 48.1 | 29.66 | 2.13 | 20.62 | 9.56 | 23.82 | 3.33 | 21.96 | 19.8 | 18.20 | 17.42 | 18.53 | 36.95 | 9.54 | 28.74 | 0.50 | 8.7 | 47.11 | 9.94 | 105.33 | 5.88 | 93.91 | -8.5 | 6.06 | 0 | 0.53 | 54.12 | 25.66 | -1.27 |
| 2020 (7) | 4.22 | 29.45 | 29.04 | -4.0 | 18.82 | -8.73 | 23.05 | -5.32 | 18.33 | -11.06 | 15.50 | -0.39 | 13.53 | 9.91 | 7.41 | 0.68 | 0.46 | 2.22 | 42.85 | -7.81 | 99.48 | 19.9 | 102.63 | 2.58 | -2.63 | 0 | 0.34 | -24.39 | 25.99 | -2.95 |
| 2019 (6) | 3.26 | 8.31 | 30.25 | 8.62 | 20.62 | 14.05 | 24.35 | 5.77 | 20.61 | 9.74 | 15.56 | 10.2 | 12.31 | 1.48 | 7.36 | -0.14 | 0.45 | -10.0 | 46.48 | 7.52 | 82.97 | 30.13 | 100.05 | 3.93 | -0.05 | 0 | 0.45 | -34.74 | 26.78 | -0.3 |
| 2018 (5) | 3.01 | 9.06 | 27.85 | 1.46 | 18.08 | -23.29 | 23.02 | -12.0 | 18.78 | -20.15 | 14.12 | -19.13 | 12.13 | -6.33 | 7.37 | -5.51 | 0.50 | 16.28 | 43.23 | -15.4 | 63.76 | -21.01 | 96.26 | -3.92 | 3.74 | 0 | 0.69 | 0 | 26.86 | -26.73 |
| 2017 (4) | 2.76 | 27.19 | 27.45 | -1.12 | 23.57 | 42.25 | 26.16 | 0.6 | 23.52 | 37.3 | 17.46 | 26.16 | 12.95 | 29.11 | 7.80 | 20.56 | 0.43 | -4.44 | 51.10 | 15.38 | 80.72 | 21.73 | 100.19 | 3.63 | -0.25 | 0 | 0.00 | 0 | 36.66 | 27.51 |
| 2016 (3) | 2.17 | 2.84 | 27.76 | 3.85 | 16.57 | 0.91 | 26.00 | 7.64 | 17.13 | -5.1 | 13.84 | -6.86 | 10.03 | 6.7 | 6.47 | 1.89 | 0.45 | 7.14 | 44.29 | 3.22 | 66.31 | 13.51 | 96.68 | 6.23 | 3.32 | -63.04 | 0.00 | 0 | 28.75 | 2.57 |
| 2015 (2) | 2.11 | -27.24 | 26.73 | -18.08 | 16.42 | -25.16 | 24.15 | 18.91 | 18.05 | -23.9 | 14.86 | -23.95 | 9.40 | -27.47 | 6.35 | -29.99 | 0.42 | -6.67 | 42.91 | -4.22 | 58.42 | 26.34 | 91.01 | -1.61 | 8.99 | 19.88 | 0.00 | 0 | 28.03 | 0.79 |
| 2014 (1) | 2.90 | 18.85 | 32.63 | 0 | 21.94 | 0 | 20.31 | -4.3 | 23.72 | 0 | 19.54 | 0 | 12.96 | 0 | 9.07 | 0 | 0.45 | -6.25 | 44.80 | 9.99 | 46.24 | 0.33 | 92.50 | -0.46 | 7.50 | 6.07 | 0.00 | 0 | 27.81 | 4.9 |
