- 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) | 1.24 | -13.89 | 0.0 | 18.65 | -3.07 | 1.08 | 2.82 | -15.57 | 3.3 | 2.78 | -14.2 | -0.71 | 2.23 | -13.9 | -0.45 | 4.50 | -18.48 | -0.44 | 1.40 | -8.5 | 1.45 | 0.59 | 5.36 | 0.0 | 7.45 | -5.34 | 4.2 | 227.56 | -10.98 | 3.72 | 100.65 | -2.07 | 2.66 | -1.30 | 53.25 | -149.68 | 6.95 | -2.52 | -0.71 |
| 24Q2 (19) | 1.44 | 26.32 | -18.18 | 19.24 | -10.26 | 1.42 | 3.34 | 3.09 | -10.93 | 3.24 | 1.89 | -14.51 | 2.59 | 1.97 | -13.09 | 5.52 | 30.81 | -19.06 | 1.53 | 22.4 | -16.85 | 0.56 | 21.74 | -5.08 | 7.87 | -9.12 | -0.25 | 255.62 | -16.64 | -6.11 | 102.78 | 1.35 | 3.71 | -2.78 | -31.48 | -408.33 | 7.13 | -15.42 | -2.86 |
| 24Q1 (18) | 1.14 | 48.05 | -16.18 | 21.44 | 0.56 | 2.58 | 3.24 | 50.0 | -9.24 | 3.18 | 43.24 | -10.17 | 2.54 | 43.5 | -10.25 | 4.22 | 55.15 | -17.09 | 1.25 | 34.41 | -16.67 | 0.46 | -4.17 | -8.0 | 8.66 | 10.74 | 0.35 | 306.65 | 40.33 | 1.69 | 101.41 | 4.68 | 0.22 | -2.11 | -167.61 | -78.52 | 8.43 | 17.57 | -0.71 |
| 23Q4 (17) | 0.77 | -37.9 | -18.95 | 21.32 | 15.56 | -1.16 | 2.16 | -20.88 | -23.13 | 2.22 | -20.71 | -17.78 | 1.77 | -20.98 | -16.51 | 2.72 | -39.82 | -20.23 | 0.93 | -32.61 | -16.96 | 0.48 | -18.64 | -2.04 | 7.82 | 9.37 | -2.25 | 218.52 | -0.4 | 0.43 | 96.88 | -1.19 | -6.22 | 3.12 | 19.53 | 175.62 | 7.17 | 2.43 | 7.82 |
| 23Q3 (16) | 1.24 | -29.55 | -20.0 | 18.45 | -2.74 | 0.65 | 2.73 | -27.2 | -14.95 | 2.80 | -26.12 | -14.37 | 2.24 | -24.83 | -14.18 | 4.52 | -33.72 | -22.47 | 1.38 | -25.0 | -13.75 | 0.59 | 0.0 | 0.0 | 7.15 | -9.38 | -1.38 | 219.40 | -19.42 | -7.52 | 98.04 | -1.07 | -0.4 | 2.61 | 190.2 | 67.32 | 7.00 | -4.63 | -1.41 |
| 23Q2 (15) | 1.76 | 29.41 | -4.35 | 18.97 | -9.23 | -2.01 | 3.75 | 5.04 | -1.32 | 3.79 | 7.06 | 0.0 | 2.98 | 5.3 | -1.65 | 6.82 | 33.99 | 1.64 | 1.84 | 22.67 | 0.55 | 0.59 | 18.0 | 1.72 | 7.89 | -8.57 | 3.27 | 272.26 | -9.72 | -16.35 | 99.10 | -2.06 | -0.9 | 0.90 | 176.13 | 305.41 | 7.34 | -13.55 | -8.93 |
| 23Q1 (14) | 1.36 | 43.16 | -12.26 | 20.90 | -3.11 | 5.18 | 3.57 | 27.05 | -6.79 | 3.54 | 31.11 | -6.84 | 2.83 | 33.49 | -6.91 | 5.09 | 49.27 | -7.29 | 1.50 | 33.93 | -10.71 | 0.50 | 2.04 | -5.66 | 8.63 | 7.88 | 3.48 | 301.56 | 38.6 | 25.37 | 101.18 | -2.05 | 0.66 | -1.18 | 71.36 | -13.61 | 8.49 | 27.67 | 10.98 |
| 22Q4 (13) | 0.95 | -38.71 | -29.1 | 21.57 | 17.68 | 6.36 | 2.81 | -12.46 | -16.62 | 2.70 | -17.43 | -18.67 | 2.12 | -18.77 | -20.3 | 3.41 | -41.51 | -32.07 | 1.12 | -30.0 | -28.66 | 0.49 | -16.95 | -14.04 | 8.00 | 10.34 | 2.17 | 217.58 | -8.29 | -9.96 | 103.31 | 4.95 | 1.47 | -4.13 | -364.46 | -242.98 | 6.65 | -6.34 | -13.19 |
| 22Q3 (12) | 1.55 | -15.76 | 3.33 | 18.33 | -5.32 | -0.54 | 3.21 | -15.53 | -8.55 | 3.27 | -13.72 | -6.3 | 2.61 | -13.86 | -6.45 | 5.83 | -13.11 | -1.19 | 1.60 | -12.57 | -5.33 | 0.59 | 1.72 | 1.72 | 7.25 | -5.1 | -3.85 | 237.24 | -27.11 | 4.95 | 98.44 | -1.56 | -2.62 | 1.56 | 456.25 | 389.06 | 7.10 | -11.91 | 0.71 |
| 22Q2 (11) | 1.84 | 18.71 | 0.55 | 19.36 | -2.57 | 13.35 | 3.80 | -0.78 | -1.55 | 3.79 | -0.26 | -0.52 | 3.03 | -0.33 | -0.66 | 6.71 | 22.22 | -4.14 | 1.83 | 8.93 | -9.85 | 0.58 | 9.43 | -9.38 | 7.64 | -8.39 | 4.37 | 325.48 | 35.32 | 6.56 | 100.00 | -0.52 | -1.3 | -0.44 | 57.89 | 66.81 | 8.06 | 5.36 | 19.23 |
| 22Q1 (10) | 1.55 | 15.67 | 12.32 | 19.87 | -2.02 | 0.51 | 3.83 | 13.65 | 1.06 | 3.80 | 14.46 | 0.0 | 3.04 | 14.29 | 0.0 | 5.49 | 9.36 | 7.65 | 1.68 | 7.01 | -1.18 | 0.53 | -7.02 | -1.85 | 8.34 | 6.51 | 0.24 | 240.53 | -0.46 | 13.37 | 100.52 | -1.26 | 0.52 | -1.04 | 13.54 | 0 | 7.65 | -0.13 | -8.71 |
| 21Q4 (9) | 1.34 | -10.67 | 47.25 | 20.28 | 10.04 | 1.96 | 3.37 | -3.99 | 14.63 | 3.32 | -4.87 | 17.73 | 2.66 | -4.66 | 20.36 | 5.02 | -14.92 | 42.61 | 1.57 | -7.1 | 34.19 | 0.57 | -1.72 | 14.0 | 7.83 | 3.85 | 0.9 | 241.64 | 6.9 | 12.83 | 101.81 | 0.72 | -1.59 | -1.20 | -122.89 | 72.05 | 7.66 | 8.65 | 0.26 |
| 21Q3 (8) | 1.50 | -18.03 | -25.74 | 18.43 | 7.9 | 4.89 | 3.51 | -9.07 | -19.86 | 3.49 | -8.4 | -19.95 | 2.79 | -8.52 | -20.06 | 5.90 | -15.71 | -28.31 | 1.69 | -16.75 | -29.29 | 0.58 | -9.38 | -13.43 | 7.54 | 3.01 | -3.46 | 226.05 | -25.99 | 0.5 | 101.08 | -0.24 | 0.68 | -0.54 | 59.1 | -35.68 | 7.05 | 4.29 | -1.26 |
| 21Q2 (7) | 1.83 | 32.61 | 5.78 | 17.08 | -13.61 | -3.12 | 3.86 | 1.85 | -5.16 | 3.81 | 0.26 | -4.99 | 3.05 | 0.33 | -4.69 | 7.00 | 37.25 | -0.28 | 2.03 | 19.41 | -1.93 | 0.64 | 18.52 | 1.59 | 7.32 | -12.02 | -4.44 | 305.43 | 43.96 | 6.58 | 101.32 | 1.32 | -0.53 | -1.32 | 0 | 28.96 | 6.76 | -19.33 | -2.45 |
| 21Q1 (6) | 1.38 | 51.65 | 15.97 | 19.77 | -0.6 | 0.97 | 3.79 | 28.91 | 7.67 | 3.80 | 34.75 | 8.88 | 3.04 | 37.56 | 8.96 | 5.10 | 44.89 | 7.82 | 1.70 | 45.3 | 7.59 | 0.54 | 8.0 | 0.0 | 8.32 | 7.22 | 1.96 | 212.17 | -0.93 | -1.56 | 100.00 | -3.33 | -0.67 | 0.00 | 100.0 | 100.0 | 8.38 | 9.69 | 7.02 |
| 20Q4 (5) | 0.91 | -54.95 | 33.82 | 19.89 | 13.2 | -1.68 | 2.94 | -32.88 | 23.01 | 2.82 | -35.32 | 21.55 | 2.21 | -36.68 | 20.77 | 3.52 | -57.23 | 25.71 | 1.17 | -51.05 | 23.16 | 0.50 | -25.37 | 4.17 | 7.76 | -0.64 | 1.7 | 214.16 | -4.79 | 1.05 | 103.45 | 3.04 | 1.1 | -4.31 | -981.9 | -23.56 | 7.64 | 7.0 | -6.49 |
| 20Q3 (4) | 2.02 | 16.76 | 0.0 | 17.57 | -0.34 | 0.0 | 4.38 | 7.62 | 0.0 | 4.36 | 8.73 | 0.0 | 3.49 | 9.06 | 0.0 | 8.23 | 17.24 | 0.0 | 2.39 | 15.46 | 0.0 | 0.67 | 6.35 | 0.0 | 7.81 | 1.96 | 0.0 | 224.93 | -21.51 | 0.0 | 100.40 | -1.44 | 0.0 | -0.40 | 78.59 | 0.0 | 7.14 | 3.03 | 0.0 |
| 20Q2 (3) | 1.73 | 45.38 | 0.0 | 17.63 | -9.96 | 0.0 | 4.07 | 15.63 | 0.0 | 4.01 | 14.9 | 0.0 | 3.20 | 14.7 | 0.0 | 7.02 | 48.41 | 0.0 | 2.07 | 31.01 | 0.0 | 0.63 | 16.67 | 0.0 | 7.66 | -6.13 | 0.0 | 286.58 | 32.96 | 0.0 | 101.86 | 1.18 | 0.0 | -1.86 | -175.35 | 0.0 | 6.93 | -11.49 | 0.0 |
| 20Q1 (2) | 1.19 | 75.0 | 0.0 | 19.58 | -3.21 | 0.0 | 3.52 | 47.28 | 0.0 | 3.49 | 50.43 | 0.0 | 2.79 | 52.46 | 0.0 | 4.73 | 68.93 | 0.0 | 1.58 | 66.32 | 0.0 | 0.54 | 12.5 | 0.0 | 8.16 | 6.95 | 0.0 | 215.54 | 1.7 | 0.0 | 100.68 | -1.61 | 0.0 | -0.68 | 80.63 | 0.0 | 7.83 | -4.16 | 0.0 |
| 19Q4 (1) | 0.68 | 0.0 | 0.0 | 20.23 | 0.0 | 0.0 | 2.39 | 0.0 | 0.0 | 2.32 | 0.0 | 0.0 | 1.83 | 0.0 | 0.0 | 2.80 | 0.0 | 0.0 | 0.95 | 0.0 | 0.0 | 0.48 | 0.0 | 0.0 | 7.63 | 0.0 | 0.0 | 211.93 | 0.0 | 0.0 | 102.33 | 0.0 | 0.0 | -3.49 | 0.0 | 0.0 | 8.17 | 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) | 5.13 | -12.76 | 19.78 | 0.61 | 3.10 | -9.88 | 4.49 | 9.64 | 3.13 | -8.48 | 2.49 | -8.79 | 17.89 | -14.89 | 5.93 | -11.09 | 2.26 | -3.42 | 7.85 | 1.03 | 218.52 | 0.43 | 98.91 | -1.63 | 1.09 | 0 | 0.21 | -30.3 | 7.48 | 1.08 |
| 2022 (9) | 5.88 | -2.81 | 19.66 | 4.69 | 3.44 | -5.49 | 4.09 | 5.89 | 3.42 | -5.26 | 2.73 | -5.54 | 21.02 | -6.62 | 6.67 | -6.45 | 2.34 | -1.68 | 7.77 | 0.65 | 217.58 | -9.96 | 100.55 | -0.25 | -0.55 | 0 | 0.30 | -32.18 | 7.40 | 0.0 |
| 2021 (8) | 6.05 | 3.07 | 18.78 | 1.46 | 3.64 | -4.21 | 3.87 | 0.29 | 3.61 | -3.73 | 2.89 | -3.34 | 22.51 | -2.13 | 7.13 | -6.43 | 2.38 | -3.25 | 7.72 | -1.53 | 241.64 | 12.83 | 100.80 | -0.7 | -0.80 | 0 | 0.44 | -19.31 | 7.40 | 0.82 |
| 2020 (7) | 5.87 | 32.21 | 18.51 | -1.02 | 3.80 | 18.75 | 3.86 | -6.27 | 3.75 | 18.67 | 2.99 | 19.12 | 23.00 | 26.44 | 7.62 | 0.13 | 2.46 | -14.88 | 7.84 | 4.12 | 214.16 | 1.05 | 101.51 | 0.24 | -1.51 | 0 | 0.55 | -27.97 | 7.34 | -2.26 |
| 2019 (6) | 4.44 | 8.56 | 18.70 | -2.71 | 3.20 | 11.11 | 4.11 | 638.83 | 3.16 | 1.94 | 2.51 | 1.21 | 18.19 | 7.32 | 7.61 | -12.53 | 2.89 | -17.66 | 7.53 | 101.34 | 211.93 | 141.13 | 101.27 | 9.24 | -1.27 | 0 | 0.76 | -53.66 | 7.51 | -8.19 |
| 2018 (5) | 4.09 | -10.5 | 19.22 | -2.04 | 2.88 | -10.0 | 0.56 | 8.53 | 3.10 | -6.91 | 2.48 | -10.47 | 16.95 | -11.07 | 8.70 | -4.92 | 3.51 | 6.04 | 3.74 | -2.86 | 87.89 | -13.69 | 92.70 | -3.59 | 7.30 | 89.74 | 1.64 | 0 | 8.18 | 2.0 |
| 2017 (4) | 4.57 | -8.23 | 19.62 | -3.68 | 3.20 | -6.71 | 0.51 | -6.25 | 3.33 | -5.93 | 2.77 | -5.78 | 19.06 | -10.6 | 9.15 | -2.45 | 3.31 | 3.76 | 3.85 | -5.87 | 101.83 | -11.09 | 96.15 | -0.51 | 3.85 | 14.62 | 0.00 | 0 | 8.02 | -5.09 |
| 2016 (3) | 4.98 | 13.96 | 20.37 | 0.64 | 3.43 | 15.49 | 0.55 | -0.77 | 3.54 | 11.67 | 2.94 | 11.79 | 21.32 | 10.64 | 9.38 | 15.52 | 3.19 | 3.24 | 4.09 | 9.95 | 114.53 | -18.64 | 96.64 | 2.96 | 3.36 | -46.92 | 0.00 | 0 | 8.45 | 3.17 |
| 2015 (2) | 4.37 | 1.63 | 20.24 | -2.08 | 2.97 | -0.67 | 0.55 | 12.68 | 3.17 | -1.25 | 2.63 | -1.87 | 19.27 | -0.82 | 8.12 | -2.52 | 3.09 | -0.64 | 3.72 | 0.54 | 140.77 | 5.04 | 93.87 | 0.56 | 6.32 | -7.7 | 0.00 | 0 | 8.19 | -2.15 |
| 2014 (1) | 4.30 | 2.63 | 20.67 | 0 | 2.99 | 0 | 0.49 | 18.19 | 3.21 | 0 | 2.68 | 0 | 19.43 | 0 | 8.33 | 0 | 3.11 | 5.78 | 3.70 | -2.63 | 134.01 | 1.22 | 93.35 | -0.26 | 6.85 | 6.81 | 0.00 | 0 | 8.37 | -0.71 |
