- 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) | 2.26 | -23.13 | -27.56 | 12.93 | -7.05 | -1.22 | 5.87 | -15.05 | -22.15 | 6.16 | -30.0 | -34.33 | 6.02 | -19.41 | -16.16 | 3.12 | -25.18 | -33.48 | 1.40 | -20.9 | -25.53 | 0.22 | -4.35 | -12.0 | 10.45 | -18.36 | -32.97 | 130.95 | -7.31 | -18.84 | 95.28 | 21.44 | 18.6 | 4.72 | -77.99 | -76.0 | 7.97 | 4.46 | 22.05 |
| 24Q2 (19) | 2.94 | 26.18 | 36.11 | 13.91 | 17.48 | 22.77 | 6.91 | 24.28 | 23.39 | 8.80 | 7.19 | 27.54 | 7.47 | 19.33 | 43.93 | 4.17 | 21.57 | 19.83 | 1.77 | 21.23 | 26.43 | 0.23 | 4.55 | -11.54 | 12.80 | 3.48 | -6.09 | 141.28 | -5.36 | -11.06 | 78.46 | 15.75 | -3.39 | 21.44 | -33.45 | 14.13 | 7.63 | 2.97 | 13.37 |
| 24Q1 (18) | 2.33 | 0.43 | 140.21 | 11.84 | 7.15 | 25.82 | 5.56 | 14.64 | 103.66 | 8.21 | 34.37 | 151.84 | 6.26 | 11.79 | 105.92 | 3.43 | 1.18 | 124.18 | 1.46 | 3.55 | 128.12 | 0.22 | -8.33 | 22.22 | 12.37 | -3.21 | 2.49 | 149.28 | 2.86 | -8.84 | 67.78 | -14.5 | -19.03 | 32.22 | 55.44 | 101.86 | 7.41 | 8.97 | -10.18 |
| 23Q4 (17) | 2.32 | -25.64 | -26.35 | 11.05 | -15.58 | -17.84 | 4.85 | -35.68 | -46.17 | 6.11 | -34.86 | -21.97 | 5.60 | -22.01 | 6.87 | 3.39 | -27.72 | -28.33 | 1.41 | -25.0 | -18.97 | 0.24 | -4.0 | -25.0 | 12.78 | -18.02 | 2.32 | 145.13 | -10.05 | -19.84 | 79.27 | -1.32 | -31.12 | 20.73 | 5.4 | 237.31 | 6.80 | 4.13 | 14.67 |
| 23Q3 (16) | 3.12 | 44.44 | -13.81 | 13.09 | 15.53 | -2.97 | 7.54 | 34.64 | -17.69 | 9.38 | 35.94 | 7.32 | 7.18 | 38.34 | 17.32 | 4.69 | 34.77 | -19.28 | 1.88 | 34.29 | -7.39 | 0.25 | -3.85 | -21.88 | 15.59 | 14.38 | 17.75 | 161.35 | 1.57 | -13.81 | 80.33 | -1.08 | -23.26 | 19.67 | 4.67 | 520.17 | 6.53 | -2.97 | -5.91 |
| 23Q2 (15) | 2.16 | 122.68 | -24.74 | 11.33 | 20.4 | -4.06 | 5.60 | 105.13 | -22.76 | 6.90 | 111.66 | 16.36 | 5.19 | 70.72 | -5.12 | 3.48 | 127.45 | -27.95 | 1.40 | 118.75 | -11.95 | 0.26 | 44.44 | -7.14 | 13.63 | 12.92 | 27.98 | 158.85 | -2.99 | -24.19 | 81.21 | -2.99 | -33.57 | 18.79 | 17.71 | 184.4 | 6.73 | -18.42 | -7.68 |
| 23Q1 (14) | 0.97 | -69.21 | -76.79 | 9.41 | -30.04 | -26.02 | 2.73 | -69.7 | -67.5 | 3.26 | -58.37 | -65.39 | 3.04 | -41.98 | -55.1 | 1.53 | -67.65 | -79.13 | 0.64 | -63.22 | -71.43 | 0.18 | -43.75 | -43.75 | 12.07 | -3.36 | -12.03 | 163.75 | -9.56 | -26.39 | 83.71 | -27.27 | -6.12 | 15.96 | 205.74 | 47.36 | 8.25 | 39.12 | 18.71 |
| 22Q4 (13) | 3.15 | -12.98 | -30.0 | 13.45 | -0.3 | 2.52 | 9.01 | -1.64 | 2.5 | 7.83 | -10.41 | -15.81 | 5.24 | -14.38 | -21.56 | 4.73 | -18.59 | -45.25 | 1.74 | -14.29 | -30.12 | 0.32 | 0.0 | -11.11 | 12.49 | -5.66 | 1.38 | 181.06 | -3.29 | -27.52 | 115.09 | 9.95 | 21.67 | -15.09 | -222.51 | -379.32 | 5.93 | -14.55 | -22.18 |
| 22Q3 (12) | 3.62 | 26.13 | -5.48 | 13.49 | 14.23 | 3.45 | 9.16 | 26.34 | 11.71 | 8.74 | 47.39 | 6.46 | 6.12 | 11.88 | 3.03 | 5.81 | 20.29 | -24.15 | 2.03 | 27.67 | -12.12 | 0.32 | 14.29 | -15.79 | 13.24 | 24.32 | 23.51 | 187.21 | -10.66 | -28.06 | 104.68 | -14.38 | 4.75 | -4.68 | 78.97 | -7302.97 | 6.94 | -4.8 | -7.34 |
| 22Q2 (11) | 2.87 | -31.34 | -4.33 | 11.81 | -7.15 | 11.52 | 7.25 | -13.69 | 22.26 | 5.93 | -37.05 | -8.2 | 5.47 | -19.2 | -1.08 | 4.83 | -34.11 | -21.46 | 1.59 | -29.02 | -23.56 | 0.28 | -12.5 | -24.32 | 10.65 | -22.38 | 24.42 | 209.55 | -5.81 | -1.9 | 122.26 | 37.11 | 33.25 | -22.26 | -305.5 | -366.58 | 7.29 | 4.89 | -2.28 |
| 22Q1 (10) | 4.18 | -7.11 | 205.11 | 12.72 | -3.05 | 4.26 | 8.40 | -4.44 | 94.44 | 9.42 | 1.29 | 103.02 | 6.77 | 1.35 | 96.23 | 7.33 | -15.16 | 152.76 | 2.24 | -10.04 | 111.32 | 0.32 | -11.11 | 6.67 | 13.72 | 11.36 | 89.24 | 222.47 | -10.94 | 18.34 | 89.17 | -5.74 | -4.19 | 10.83 | 100.44 | 52.21 | 6.95 | -8.79 | -22.86 |
| 21Q4 (9) | 4.50 | 17.49 | 77.87 | 13.12 | 0.61 | 4.63 | 8.79 | 7.2 | 50.77 | 9.30 | 13.28 | 26.19 | 6.68 | 12.46 | 8.97 | 8.64 | 12.79 | 55.68 | 2.49 | 7.79 | 20.29 | 0.36 | -5.26 | 9.09 | 12.32 | 14.93 | 29.96 | 249.80 | -4.01 | 37.4 | 94.60 | -5.34 | 19.63 | 5.40 | 8216.65 | -74.18 | 7.62 | 1.74 | -14.48 |
| 21Q3 (8) | 3.83 | 27.67 | 44.53 | 13.04 | 23.14 | 7.86 | 8.20 | 38.28 | 26.93 | 8.21 | 27.09 | -4.42 | 5.94 | 7.41 | -11.87 | 7.66 | 24.55 | 25.57 | 2.31 | 11.06 | -0.43 | 0.38 | 2.7 | 11.76 | 10.72 | 25.23 | 0.85 | 260.24 | 21.84 | 58.49 | 99.94 | 8.92 | 32.8 | 0.06 | -99.22 | -99.74 | 7.49 | 0.4 | -13.91 |
| 21Q2 (7) | 3.00 | 118.98 | 69.49 | 10.59 | -13.2 | -21.09 | 5.93 | 37.27 | -17.87 | 6.46 | 39.22 | -13.75 | 5.53 | 60.29 | 2.79 | 6.15 | 112.07 | 50.37 | 2.08 | 96.23 | 28.4 | 0.37 | 23.33 | 23.33 | 8.56 | 18.07 | -13.1 | 213.60 | 13.62 | 26.97 | 91.75 | -1.42 | -4.94 | 8.35 | 17.34 | 139.8 | 7.46 | -17.2 | -18.82 |
| 21Q1 (6) | 1.37 | -45.85 | 149.09 | 12.20 | -2.71 | 22.61 | 4.32 | -25.9 | -1.59 | 4.64 | -37.04 | 28.89 | 3.45 | -43.72 | 76.92 | 2.90 | -47.75 | 126.56 | 1.06 | -48.79 | 96.3 | 0.30 | -9.09 | 15.38 | 7.25 | -23.52 | 16.19 | 187.99 | 3.4 | 31.18 | 93.07 | 17.7 | -23.92 | 7.12 | -66.0 | 132.35 | 9.01 | 1.12 | -2.91 |
| 20Q4 (5) | 2.53 | -4.53 | 18.22 | 12.54 | 3.72 | 0.16 | 5.83 | -9.75 | -9.75 | 7.37 | -14.2 | -4.9 | 6.13 | -9.05 | -4.52 | 5.55 | -9.02 | 12.8 | 2.07 | -10.78 | 6.7 | 0.33 | -2.94 | 13.79 | 9.48 | -10.82 | -5.2 | 181.80 | 10.72 | 13.43 | 79.07 | 5.07 | -5.06 | 20.93 | -15.43 | 26.24 | 8.91 | 2.41 | -12.48 |
| 20Q3 (4) | 2.65 | 49.72 | 0.0 | 12.09 | -9.91 | 0.0 | 6.46 | -10.53 | 0.0 | 8.59 | 14.69 | 0.0 | 6.74 | 25.28 | 0.0 | 6.10 | 49.14 | 0.0 | 2.32 | 43.21 | 0.0 | 0.34 | 13.33 | 0.0 | 10.63 | 7.92 | 0.0 | 164.20 | -2.4 | 0.0 | 75.25 | -22.03 | 0.0 | 24.75 | 610.72 | 0.0 | 8.70 | -5.33 | 0.0 |
| 20Q2 (3) | 1.77 | 221.82 | 0.0 | 13.42 | 34.87 | 0.0 | 7.22 | 64.46 | 0.0 | 7.49 | 108.06 | 0.0 | 5.38 | 175.9 | 0.0 | 4.09 | 219.53 | 0.0 | 1.62 | 200.0 | 0.0 | 0.30 | 15.38 | 0.0 | 9.85 | 57.85 | 0.0 | 168.23 | 17.39 | 0.0 | 96.52 | -21.1 | 0.0 | 3.48 | 115.83 | 0.0 | 9.19 | -0.97 | 0.0 |
| 20Q1 (2) | 0.55 | -74.3 | 0.0 | 9.95 | -20.53 | 0.0 | 4.39 | -32.04 | 0.0 | 3.60 | -53.55 | 0.0 | 1.95 | -69.63 | 0.0 | 1.28 | -73.98 | 0.0 | 0.54 | -72.16 | 0.0 | 0.26 | -10.34 | 0.0 | 6.24 | -37.6 | 0.0 | 143.31 | -10.59 | 0.0 | 122.33 | 46.88 | 0.0 | -22.00 | -232.7 | 0.0 | 9.28 | -8.84 | 0.0 |
| 19Q4 (1) | 2.14 | 0.0 | 0.0 | 12.52 | 0.0 | 0.0 | 6.46 | 0.0 | 0.0 | 7.75 | 0.0 | 0.0 | 6.42 | 0.0 | 0.0 | 4.92 | 0.0 | 0.0 | 1.94 | 0.0 | 0.0 | 0.29 | 0.0 | 0.0 | 10.00 | 0.0 | 0.0 | 160.28 | 0.0 | 0.0 | 83.29 | 0.0 | 0.0 | 16.58 | 0.0 | 0.0 | 10.18 | 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) | 8.57 | -37.99 | 11.35 | -12.02 | 5.35 | -36.98 | 6.57 | 54.24 | 6.64 | -17.62 | 5.41 | -8.61 | 12.74 | -44.22 | 5.14 | -32.37 | 0.90 | -27.42 | 13.63 | 8.26 | 145.13 | -19.84 | 80.65 | -23.47 | 19.31 | 0 | 0.00 | 0 | 7.00 | 3.55 |
| 2022 (9) | 13.82 | 8.82 | 12.90 | 4.62 | 8.49 | 18.74 | 4.26 | 75.36 | 8.06 | 7.61 | 5.92 | 5.15 | 22.84 | -9.44 | 7.60 | -6.06 | 1.24 | -12.06 | 12.59 | 25.02 | 181.06 | -27.52 | 105.39 | 10.36 | -5.39 | 0 | 0.00 | 0 | 6.76 | -13.22 |
| 2021 (8) | 12.70 | 69.33 | 12.33 | 1.9 | 7.15 | 18.38 | 2.43 | 14.21 | 7.49 | 7.46 | 5.63 | 6.63 | 25.22 | 51.2 | 8.09 | 29.03 | 1.41 | 21.55 | 10.07 | 9.1 | 249.80 | 37.4 | 95.49 | 10.31 | 4.53 | -66.29 | 0.00 | 0 | 7.79 | -13.35 |
| 2020 (7) | 7.50 | 7.76 | 12.10 | -3.04 | 6.04 | -11.7 | 2.13 | 1.96 | 6.97 | -3.06 | 5.28 | -1.31 | 16.68 | 0.06 | 6.27 | -5.86 | 1.16 | -4.13 | 9.23 | -2.64 | 181.80 | 13.43 | 86.57 | -8.92 | 13.43 | 171.29 | 0.00 | 0 | 8.99 | -0.55 |
| 2019 (6) | 6.96 | 159.7 | 12.48 | 13.15 | 6.84 | 34.65 | 2.09 | -5.01 | 7.19 | 74.09 | 5.35 | 116.6 | 16.67 | 149.55 | 6.66 | 135.34 | 1.21 | 10.0 | 9.48 | 46.52 | 160.28 | 2.81 | 95.05 | -22.72 | 4.95 | 0 | 0.00 | 0 | 9.04 | -4.64 |
| 2018 (5) | 2.68 | 1.52 | 11.03 | 37.53 | 5.08 | 202.38 | 2.20 | -15.8 | 4.13 | 6.44 | 2.47 | -14.24 | 6.68 | -0.3 | 2.83 | -1.05 | 1.10 | 17.02 | 6.47 | -3.14 | 155.90 | 13.44 | 122.99 | 184.37 | -22.99 | 0 | 0.00 | 0 | 9.48 | -2.97 |
| 2017 (4) | 2.64 | 35.38 | 8.02 | -10.49 | 1.68 | -55.67 | 2.61 | -1.26 | 3.88 | 35.19 | 2.88 | 60.0 | 6.70 | 45.65 | 2.86 | 44.44 | 0.94 | -8.74 | 6.68 | 18.02 | 137.43 | -11.88 | 43.25 | -67.2 | 56.75 | 0 | 0.00 | 0 | 9.77 | 6.66 |
| 2016 (3) | 1.95 | -36.07 | 8.96 | 0.0 | 3.79 | 2.16 | 2.64 | -8.64 | 2.87 | -26.22 | 1.80 | -37.5 | 4.60 | -38.67 | 1.98 | -36.54 | 1.03 | 0.0 | 5.66 | -18.91 | 155.96 | 10.65 | 131.87 | 38.35 | -31.87 | 0 | 0.00 | 0 | 9.16 | 0.99 |
| 2015 (2) | 3.05 | -19.31 | 8.96 | -6.76 | 3.71 | -21.89 | 2.89 | 13.18 | 3.89 | -25.19 | 2.88 | -20.0 | 7.50 | -23.23 | 3.12 | -26.59 | 1.03 | -8.85 | 6.98 | -11.98 | 140.95 | -15.62 | 95.32 | 4.36 | 4.68 | -46.31 | 0.00 | 0 | 9.07 | 12.81 |
| 2014 (1) | 3.78 | -15.44 | 9.61 | 0 | 4.75 | 0 | 2.56 | 19.11 | 5.20 | 0 | 3.60 | 0 | 9.77 | 0 | 4.25 | 0 | 1.13 | -15.04 | 7.93 | 2.99 | 167.04 | 43.73 | 91.33 | 5.51 | 8.73 | -35.05 | 0.00 | 0 | 8.04 | 25.43 |
