- 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) | 1.09 | -55.51 | -67.07 | 11.37 | -9.76 | -15.65 | 2.31 | -42.82 | -54.88 | 2.41 | -45.96 | -60.56 | 2.00 | -47.23 | -58.59 | 1.70 | -54.18 | -71.14 | 0.91 | -48.0 | -59.91 | 0.36 | -14.29 | -16.28 | 5.73 | -19.52 | -32.35 | 119.75 | -21.7 | -30.02 | 96.01 | 5.82 | 14.49 | 3.99 | -56.95 | -75.26 | -2.08 | -118.34 | -117.87 |
| 24Q2 (19) | 2.45 | 55.06 | 7.46 | 12.60 | 8.81 | 3.79 | 4.04 | 37.41 | 3.06 | 4.46 | 21.2 | -1.55 | 3.79 | 29.35 | 6.76 | 3.71 | 55.88 | -13.32 | 1.75 | 40.0 | 6.06 | 0.42 | 13.51 | 0.0 | 7.12 | 8.04 | 3.49 | 152.93 | 30.6 | -20.72 | 90.72 | 13.25 | 4.8 | 9.28 | -53.62 | -30.94 | 11.34 | -9.64 | -5.81 |
| 24Q1 (18) | 1.58 | -22.93 | 10.49 | 11.58 | -5.08 | 4.32 | 2.94 | -33.03 | -10.09 | 3.68 | 0.0 | 29.12 | 2.93 | 0.0 | 28.51 | 2.38 | -23.47 | -12.82 | 1.25 | -14.97 | 17.92 | 0.37 | -13.95 | -5.13 | 6.59 | 6.29 | 24.57 | 117.10 | -7.79 | -37.04 | 80.11 | -32.97 | -30.27 | 20.00 | 202.54 | 234.39 | 12.55 | 21.02 | 3.98 |
| 23Q4 (17) | 2.05 | -38.07 | -21.76 | 12.20 | -9.5 | -2.79 | 4.39 | -14.26 | 8.66 | 3.68 | -39.77 | -12.59 | 2.93 | -39.34 | -17.23 | 3.11 | -47.2 | -41.1 | 1.47 | -35.24 | -16.95 | 0.43 | 0.0 | -6.52 | 6.20 | -26.8 | -0.8 | 126.99 | -25.79 | -43.21 | 119.51 | 42.51 | 24.48 | -19.51 | -220.83 | -587.64 | 10.37 | -10.91 | -8.07 |
| 23Q3 (16) | 3.31 | 45.18 | 5.75 | 13.48 | 11.04 | 5.97 | 5.12 | 30.61 | 12.04 | 6.11 | 34.88 | 8.72 | 4.83 | 36.06 | 4.09 | 5.89 | 37.62 | -13.89 | 2.27 | 37.58 | 0.0 | 0.43 | 2.38 | -8.51 | 8.47 | 23.11 | 11.74 | 171.13 | -11.29 | -25.63 | 83.86 | -3.13 | 3.01 | 16.14 | 20.18 | -13.16 | 11.64 | -3.32 | 0.61 |
| 23Q2 (15) | 2.28 | 59.44 | 59.44 | 12.14 | 9.37 | -3.19 | 3.92 | 19.88 | 29.8 | 4.53 | 58.95 | 33.24 | 3.55 | 55.7 | 28.16 | 4.28 | 56.78 | 33.75 | 1.65 | 55.66 | 39.83 | 0.42 | 7.69 | 5.0 | 6.88 | 30.06 | 18.62 | 192.91 | 3.73 | -4.13 | 86.57 | -24.65 | -2.65 | 13.43 | 190.26 | 19.67 | 12.04 | -0.25 | -9.81 |
| 23Q1 (14) | 1.43 | -45.42 | 85.71 | 11.10 | -11.55 | 5.92 | 3.27 | -19.06 | 165.85 | 2.85 | -32.3 | 54.89 | 2.28 | -35.59 | 47.1 | 2.73 | -48.3 | 56.0 | 1.06 | -40.11 | 53.62 | 0.39 | -15.22 | -7.14 | 5.29 | -15.36 | 26.56 | 185.98 | -16.84 | 7.09 | 114.88 | 19.67 | 72.56 | -14.88 | -472.04 | -144.52 | 12.07 | 7.0 | -10.46 |
| 22Q4 (13) | 2.62 | -16.29 | 208.24 | 12.55 | -1.34 | 23.28 | 4.04 | -11.6 | 296.08 | 4.21 | -25.09 | 101.44 | 3.54 | -23.71 | 103.45 | 5.28 | -22.81 | 166.67 | 1.77 | -22.03 | 118.52 | 0.46 | -2.13 | 4.55 | 6.25 | -17.55 | 46.71 | 223.63 | -2.81 | 38.29 | 96.00 | 17.92 | 96.43 | 4.00 | -78.48 | -92.18 | 11.28 | -2.51 | -13.56 |
| 22Q3 (12) | 3.13 | 118.88 | 268.24 | 12.72 | 1.44 | 14.49 | 4.57 | 51.32 | 215.17 | 5.62 | 65.29 | 133.2 | 4.64 | 67.51 | 140.41 | 6.84 | 113.75 | 236.95 | 2.27 | 92.37 | 170.24 | 0.47 | 17.5 | 11.9 | 7.58 | 30.69 | 59.58 | 230.10 | 14.36 | 50.08 | 81.41 | -8.45 | 35.04 | 18.59 | 65.63 | -53.19 | 11.57 | -13.33 | -12.41 |
| 22Q2 (11) | 1.43 | 85.71 | 90.67 | 12.54 | 19.66 | 13.07 | 3.02 | 145.53 | 184.91 | 3.40 | 84.78 | 74.36 | 2.77 | 78.71 | 47.34 | 3.20 | 82.86 | 83.91 | 1.18 | 71.01 | 55.26 | 0.40 | -4.76 | 2.56 | 5.80 | 38.76 | 28.04 | 201.21 | 15.86 | 36.55 | 88.92 | 33.57 | 63.29 | 11.22 | -66.42 | -75.35 | 13.35 | -0.96 | -1.69 |
| 22Q1 (10) | 0.77 | -9.41 | 10.0 | 10.48 | 2.95 | -3.76 | 1.23 | 20.59 | -29.71 | 1.84 | -11.96 | -3.16 | 1.55 | -10.92 | -13.41 | 1.75 | -11.62 | 8.7 | 0.69 | -14.81 | -6.76 | 0.42 | -4.55 | 5.0 | 4.18 | -1.88 | -7.93 | 173.67 | 7.4 | 39.3 | 66.57 | 36.22 | -27.73 | 33.43 | -34.62 | 324.37 | 13.48 | 3.3 | -1.03 |
| 21Q4 (9) | 0.85 | 0.0 | -2.3 | 10.18 | -8.37 | -3.78 | 1.02 | -29.66 | -46.32 | 2.09 | -13.28 | -10.68 | 1.74 | -9.84 | -12.56 | 1.98 | -2.46 | -3.88 | 0.81 | -3.57 | -11.96 | 0.44 | 4.76 | -2.22 | 4.26 | -10.32 | -9.36 | 161.71 | 5.47 | 28.32 | 48.87 | -18.93 | -40.18 | 51.13 | 28.74 | 175.68 | 13.05 | -1.21 | 9.39 |
| 21Q3 (8) | 0.85 | 13.33 | -29.75 | 11.11 | 0.18 | -0.27 | 1.45 | 36.79 | -53.82 | 2.41 | 23.59 | -28.06 | 1.93 | 2.66 | -30.32 | 2.03 | 16.67 | -30.95 | 0.84 | 10.53 | -36.36 | 0.42 | 7.69 | -8.7 | 4.75 | 4.86 | -18.1 | 153.32 | 4.05 | 15.45 | 60.29 | 10.71 | -35.67 | 39.71 | -12.8 | 532.1 | 13.21 | -2.72 | 15.57 |
| 21Q2 (7) | 0.75 | 7.14 | -27.18 | 11.09 | 1.84 | -5.21 | 1.06 | -39.43 | -57.09 | 1.95 | 2.63 | -40.18 | 1.88 | 5.03 | -29.32 | 1.74 | 8.07 | -30.4 | 0.76 | 2.7 | -34.48 | 0.39 | -2.5 | -7.14 | 4.53 | -0.22 | -24.75 | 147.35 | 18.19 | 16.73 | 54.46 | -40.89 | -28.17 | 45.54 | 478.22 | 86.73 | 13.58 | -0.29 | 0 |
| 21Q1 (6) | 0.70 | -19.54 | 9.37 | 10.89 | 2.93 | -1.09 | 1.75 | -7.89 | -1.13 | 1.90 | -18.8 | -3.06 | 1.79 | -10.05 | -4.79 | 1.61 | -21.84 | 3.87 | 0.74 | -19.57 | -3.9 | 0.40 | -11.11 | 5.26 | 4.54 | -3.4 | -9.38 | 124.67 | -1.07 | 5.26 | 92.12 | 12.75 | 1.45 | 7.88 | -57.53 | -14.34 | 13.62 | 14.17 | -4.76 |
| 20Q4 (5) | 0.87 | -28.1 | 22.54 | 10.58 | -5.03 | -3.73 | 1.90 | -39.49 | -8.21 | 2.34 | -30.15 | 6.36 | 1.99 | -28.16 | 15.7 | 2.06 | -29.93 | 19.77 | 0.92 | -30.3 | 9.52 | 0.45 | -2.17 | -2.17 | 4.70 | -18.97 | 0.21 | 126.02 | -5.11 | 11.49 | 81.70 | -12.82 | -13.13 | 18.55 | 195.2 | 211.76 | 11.93 | 4.37 | 10.16 |
| 20Q3 (4) | 1.21 | 17.48 | 0.0 | 11.14 | -4.79 | 0.0 | 3.14 | 27.13 | 0.0 | 3.35 | 2.76 | 0.0 | 2.77 | 4.14 | 0.0 | 2.94 | 17.6 | 0.0 | 1.32 | 13.79 | 0.0 | 0.46 | 9.52 | 0.0 | 5.80 | -3.65 | 0.0 | 132.80 | 5.2 | 0.0 | 93.72 | 23.62 | 0.0 | 6.28 | -74.24 | 0.0 | 11.43 | 0 | 0.0 |
| 20Q2 (3) | 1.03 | 60.94 | 0.0 | 11.70 | 6.27 | 0.0 | 2.47 | 39.55 | 0.0 | 3.26 | 66.33 | 0.0 | 2.66 | 41.49 | 0.0 | 2.50 | 61.29 | 0.0 | 1.16 | 50.65 | 0.0 | 0.42 | 10.53 | 0.0 | 6.02 | 20.16 | 0.0 | 126.23 | 6.58 | 0.0 | 75.81 | -16.51 | 0.0 | 24.39 | 165.24 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.64 | -9.86 | 0.0 | 11.01 | 0.18 | 0.0 | 1.77 | -14.49 | 0.0 | 1.96 | -10.91 | 0.0 | 1.88 | 9.3 | 0.0 | 1.55 | -9.88 | 0.0 | 0.77 | -8.33 | 0.0 | 0.38 | -17.39 | 0.0 | 5.01 | 6.82 | 0.0 | 118.44 | 4.79 | 0.0 | 90.80 | -3.45 | 0.0 | 9.20 | 54.57 | 0.0 | 14.30 | 32.04 | 0.0 |
| 19Q4 (1) | 0.71 | 0.0 | 0.0 | 10.99 | 0.0 | 0.0 | 2.07 | 0.0 | 0.0 | 2.20 | 0.0 | 0.0 | 1.72 | 0.0 | 0.0 | 1.72 | 0.0 | 0.0 | 0.84 | 0.0 | 0.0 | 0.46 | 0.0 | 0.0 | 4.69 | 0.0 | 0.0 | 113.03 | 0.0 | 0.0 | 94.05 | 0.0 | 0.0 | 5.95 | 0.0 | 0.0 | 10.83 | 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) | 8.98 | 13.24 | 12.27 | 0.82 | 4.22 | 24.12 | 1.73 | -1.66 | 4.33 | 9.62 | 3.43 | 4.57 | 14.96 | -10.47 | 6.34 | 4.97 | 1.64 | -5.2 | 6.75 | 10.66 | 126.99 | -43.21 | 97.29 | 12.98 | 2.71 | -80.5 | 0.49 | 70.22 | 11.49 | -6.13 |
| 2022 (9) | 7.93 | 151.75 | 12.17 | 12.79 | 3.40 | 159.54 | 1.76 | -17.8 | 3.95 | 88.1 | 3.28 | 79.23 | 16.71 | 129.22 | 6.04 | 93.59 | 1.73 | 6.13 | 6.10 | 35.25 | 223.63 | 38.29 | 86.12 | 38.02 | 13.88 | -63.08 | 0.29 | -20.21 | 12.24 | -8.25 |
| 2021 (8) | 3.15 | -16.22 | 10.79 | -2.71 | 1.31 | -44.26 | 2.14 | -8.53 | 2.10 | -23.64 | 1.83 | -21.79 | 7.29 | -18.09 | 3.12 | -25.71 | 1.63 | -5.78 | 4.51 | -16.33 | 161.71 | 28.32 | 62.39 | -26.84 | 37.61 | 156.55 | 0.36 | 25.16 | 13.34 | 4.87 |
| 2020 (7) | 3.76 | 0.0 | 11.09 | -2.63 | 2.35 | -8.2 | 2.34 | 16.42 | 2.75 | -9.24 | 2.34 | -0.43 | 8.90 | -2.52 | 4.20 | -7.89 | 1.73 | -5.98 | 5.39 | -2.18 | 126.02 | 11.49 | 85.28 | 0.74 | 14.66 | -4.11 | 0.29 | -47.65 | 12.72 | 7.43 |
| 2019 (6) | 3.76 | -27.83 | 11.39 | -10.24 | 2.56 | -28.89 | 2.01 | 1.95 | 3.03 | -23.68 | 2.35 | -31.69 | 9.13 | -28.84 | 4.56 | -27.85 | 1.84 | 3.37 | 5.51 | -11.98 | 113.03 | 3.46 | 84.66 | -6.52 | 15.29 | 62.04 | 0.55 | -18.74 | 11.84 | -0.92 |
| 2018 (5) | 5.21 | -9.55 | 12.69 | -5.3 | 3.60 | -20.0 | 1.97 | -3.73 | 3.97 | -16.07 | 3.44 | -5.23 | 12.83 | -14.86 | 6.32 | -11.36 | 1.78 | -6.81 | 6.26 | -10.7 | 109.25 | -1.1 | 90.57 | -4.84 | 9.43 | 96.8 | 0.68 | 0 | 11.95 | 7.56 |
| 2017 (4) | 5.76 | -3.19 | 13.40 | -3.32 | 4.50 | -11.24 | 2.05 | -15.56 | 4.73 | -5.02 | 3.63 | -6.2 | 15.07 | -5.69 | 7.13 | -1.38 | 1.91 | 4.37 | 7.01 | -7.88 | 110.47 | -12.38 | 95.17 | -6.5 | 4.79 | 0 | 0.00 | 0 | 11.11 | -1.86 |
| 2016 (3) | 5.95 | -0.34 | 13.86 | 4.37 | 5.07 | 12.67 | 2.43 | 14.74 | 4.98 | 1.84 | 3.87 | 2.38 | 15.98 | -4.31 | 7.23 | -6.35 | 1.83 | -9.41 | 7.61 | 6.14 | 126.08 | 1.04 | 101.79 | 10.54 | -1.79 | 0 | 0.00 | 0 | 11.32 | 0.98 |
| 2015 (2) | 5.97 | 39.49 | 13.28 | -1.19 | 4.50 | 6.13 | 2.11 | -7.45 | 4.89 | 10.88 | 3.78 | 10.85 | 16.70 | 32.02 | 7.72 | 25.53 | 2.02 | 15.43 | 7.17 | 2.28 | 124.78 | 11.32 | 92.08 | -4.1 | 7.92 | 95.84 | 0.00 | 0 | 11.21 | -4.84 |
| 2014 (1) | 4.28 | -11.57 | 13.44 | 0 | 4.24 | 0 | 2.28 | -7.81 | 4.41 | 0 | 3.41 | 0 | 12.65 | 0 | 6.15 | 0 | 1.75 | 2.94 | 7.01 | -14.72 | 112.09 | 0.4 | 96.01 | 5.54 | 4.04 | -55.21 | 0.00 | 0 | 11.78 | 3.88 |
