- 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) | 1.20 | -7.69 | 21.21 | 24.48 | 6.16 | 2.17 | 9.16 | 7.76 | 21.16 | 9.98 | -2.63 | -0.6 | 7.82 | -7.24 | 0.0 | 2.44 | -9.96 | 19.61 | 1.59 | -7.56 | 10.42 | 0.19 | 0.0 | 5.56 | 12.50 | -4.36 | -3.47 | 55.76 | -16.8 | 10.0 | 91.96 | 10.17 | 22.62 | 8.04 | -53.79 | -67.86 | 11.37 | 6.86 | -11.38 |
| 24Q2 (19) | 1.30 | 44.44 | -7.14 | 23.06 | -7.05 | -6.94 | 8.50 | 30.57 | -16.01 | 10.25 | 5.45 | -21.58 | 8.43 | 10.63 | -14.5 | 2.71 | 48.9 | -6.55 | 1.72 | 40.98 | -13.57 | 0.19 | 26.67 | -5.0 | 13.07 | -2.1 | -15.68 | 67.02 | 3.94 | 46.62 | 83.48 | 24.46 | 6.98 | 17.39 | -47.18 | -23.48 | 10.64 | -25.49 | -5.76 |
| 24Q1 (18) | 0.90 | 28.57 | -30.77 | 24.81 | 6.76 | -2.05 | 6.51 | -12.03 | -44.6 | 9.72 | 80.33 | -17.7 | 7.62 | 70.47 | -19.19 | 1.82 | 35.82 | -37.67 | 1.22 | 25.77 | -37.44 | 0.15 | -25.0 | -25.0 | 13.35 | 61.04 | -4.16 | 64.48 | 25.69 | 19.58 | 67.07 | -51.37 | -32.39 | 32.93 | 186.81 | 4081.71 | 14.28 | 22.47 | 31.98 |
| 23Q4 (17) | 0.70 | -29.29 | -44.0 | 23.24 | -3.01 | 5.3 | 7.40 | -2.12 | -18.95 | 5.39 | -46.31 | -38.61 | 4.47 | -42.84 | -43.2 | 1.34 | -34.31 | -52.65 | 0.97 | -32.64 | -47.85 | 0.20 | 11.11 | -13.04 | 8.29 | -35.98 | -21.64 | 51.30 | 1.2 | 3.64 | 137.93 | 83.91 | 31.93 | -37.93 | -251.72 | -943.1 | 11.66 | -9.12 | 16.83 |
| 23Q3 (16) | 0.99 | -29.29 | -47.89 | 23.96 | -3.31 | -0.29 | 7.56 | -25.3 | -37.68 | 10.04 | -23.18 | -29.59 | 7.82 | -20.69 | -28.91 | 2.04 | -29.66 | -53.53 | 1.44 | -27.64 | -48.94 | 0.18 | -10.0 | -28.0 | 12.95 | -16.45 | -18.71 | 50.69 | 10.89 | -15.08 | 75.00 | -3.88 | -11.66 | 25.00 | 10.0 | 65.52 | 12.83 | 13.64 | 34.21 |
| 23Q2 (15) | 1.40 | 7.69 | -22.65 | 24.78 | -2.17 | 0.77 | 10.12 | -13.87 | -19.23 | 13.07 | 10.67 | -10.17 | 9.86 | 4.56 | -9.29 | 2.90 | -0.68 | -29.95 | 1.99 | 2.05 | -29.68 | 0.20 | 0.0 | -23.08 | 15.50 | 11.27 | -4.62 | 45.71 | -15.23 | -15.21 | 78.03 | -21.35 | -9.05 | 22.73 | 2786.36 | 66.36 | 11.29 | 4.34 | 16.51 |
| 23Q1 (14) | 1.30 | 4.0 | 46.07 | 25.33 | 14.77 | 33.95 | 11.75 | 28.7 | 95.83 | 11.81 | 34.51 | 46.34 | 9.43 | 19.82 | 53.33 | 2.92 | 3.18 | 37.74 | 1.95 | 4.84 | 33.56 | 0.20 | -13.04 | -13.04 | 13.93 | 31.66 | 38.88 | 53.92 | 8.93 | 31.03 | 99.21 | -5.1 | 32.77 | 0.79 | 121.65 | -96.88 | 10.82 | 8.42 | 12.59 |
| 22Q4 (13) | 1.25 | -34.21 | 54.32 | 22.07 | -8.16 | 10.79 | 9.13 | -24.73 | 29.5 | 8.78 | -38.43 | 19.46 | 7.87 | -28.45 | 37.83 | 2.83 | -35.54 | 25.78 | 1.86 | -34.04 | 25.68 | 0.23 | -8.0 | -8.0 | 10.58 | -33.58 | 16.65 | 49.50 | -17.07 | -7.67 | 104.55 | 23.15 | 8.07 | -3.64 | -124.08 | -183.64 | 9.98 | 4.39 | 6.17 |
| 22Q3 (12) | 1.90 | 4.97 | 211.48 | 24.03 | -2.28 | 27.75 | 12.13 | -3.19 | 144.56 | 14.26 | -1.99 | 133.39 | 11.00 | 1.2 | 147.75 | 4.39 | 6.04 | 206.99 | 2.82 | -0.35 | 182.0 | 0.25 | -3.85 | 13.64 | 15.93 | -1.97 | 93.56 | 59.69 | 10.72 | 7.92 | 84.90 | -1.04 | 6.12 | 15.10 | 10.56 | -18.19 | 9.56 | -1.34 | -1.65 |
| 22Q2 (11) | 1.81 | 103.37 | 212.07 | 24.59 | 30.04 | 28.34 | 12.53 | 108.83 | 147.63 | 14.55 | 80.3 | 166.48 | 10.87 | 76.75 | 173.12 | 4.14 | 95.28 | 213.64 | 2.83 | 93.84 | 194.79 | 0.26 | 13.04 | 8.33 | 16.25 | 62.01 | 121.69 | 53.91 | 31.01 | 40.17 | 85.79 | 14.81 | -8.19 | 13.66 | -45.95 | 108.33 | 9.69 | 0.83 | 0.31 |
| 22Q1 (10) | 0.89 | 9.88 | -11.0 | 18.91 | -5.07 | -10.17 | 6.00 | -14.89 | -31.11 | 8.07 | 9.8 | -4.38 | 6.15 | 7.71 | -0.65 | 2.12 | -5.78 | -9.01 | 1.46 | -1.35 | -9.32 | 0.23 | -8.0 | -11.54 | 10.03 | 10.58 | -1.18 | 41.15 | -23.24 | -5.51 | 74.73 | -22.76 | -27.35 | 25.27 | 481.32 | 984.62 | 9.61 | 2.23 | -0.31 |
| 21Q4 (9) | 0.81 | 32.79 | -27.68 | 19.92 | 5.9 | -4.23 | 7.05 | 42.14 | -23.2 | 7.35 | 20.29 | -15.9 | 5.71 | 28.6 | -9.51 | 2.25 | 57.34 | -16.67 | 1.48 | 48.0 | -17.32 | 0.25 | 13.64 | -10.71 | 9.07 | 10.21 | -11.86 | 53.61 | -3.07 | 7.54 | 96.74 | 20.92 | -7.87 | 4.35 | -76.45 | 186.96 | 9.40 | -3.29 | 4.44 |
| 21Q3 (8) | 0.61 | 5.17 | -57.64 | 18.81 | -1.83 | -13.72 | 4.96 | -1.98 | -52.35 | 6.11 | 11.9 | -39.56 | 4.44 | 11.56 | -42.11 | 1.43 | 8.33 | -57.82 | 1.00 | 4.17 | -52.61 | 0.22 | -8.33 | -18.52 | 8.23 | 12.28 | -30.08 | 55.31 | 43.81 | -1.62 | 80.00 | -14.39 | -22.24 | 18.46 | 181.54 | 741.54 | 9.72 | 0.62 | -10.99 |
| 21Q2 (7) | 0.58 | -42.0 | -60.81 | 19.16 | -8.98 | -9.58 | 5.06 | -41.91 | -55.81 | 5.46 | -35.31 | -50.32 | 3.98 | -35.7 | -53.18 | 1.32 | -43.35 | -68.27 | 0.96 | -40.37 | -61.9 | 0.24 | -7.69 | -17.24 | 7.33 | -27.78 | -41.78 | 38.46 | -11.69 | -45.23 | 93.44 | -9.15 | -9.93 | 6.56 | 329.51 | 249.88 | 9.66 | 0.21 | 0 |
| 21Q1 (6) | 1.00 | -10.71 | -23.08 | 21.05 | 1.2 | 4.31 | 8.71 | -5.12 | -2.24 | 8.44 | -3.43 | -19.47 | 6.19 | -1.9 | -22.62 | 2.33 | -13.7 | -35.46 | 1.61 | -10.06 | -30.3 | 0.26 | -7.14 | -7.14 | 10.15 | -1.36 | -18.01 | 43.55 | -12.64 | -35.48 | 102.86 | -2.04 | 21.06 | -2.86 | 42.86 | -119.0 | 9.64 | 7.11 | 16.14 |
| 20Q4 (5) | 1.12 | -22.22 | -1.75 | 20.80 | -4.59 | -2.39 | 9.18 | -11.82 | -16.01 | 8.74 | -13.55 | -6.32 | 6.31 | -17.73 | -10.11 | 2.70 | -20.35 | -27.81 | 1.79 | -15.17 | -30.08 | 0.28 | 3.7 | -22.22 | 10.29 | -12.57 | -6.03 | 49.85 | -11.33 | -3.54 | 105.00 | 2.06 | -10.38 | -5.00 | -73.75 | 70.87 | 9.00 | -17.58 | 7.91 |
| 20Q3 (4) | 1.44 | -2.7 | 0.0 | 21.80 | 2.88 | 0.0 | 10.41 | -9.08 | 0.0 | 10.11 | -8.01 | 0.0 | 7.67 | -9.76 | 0.0 | 3.39 | -18.51 | 0.0 | 2.11 | -16.27 | 0.0 | 0.27 | -6.9 | 0.0 | 11.77 | -6.51 | 0.0 | 56.22 | -19.94 | 0.0 | 102.88 | -0.84 | 0.0 | -2.88 | 34.22 | 0.0 | 10.92 | 0 | 0.0 |
| 20Q2 (3) | 1.48 | 13.85 | 0.0 | 21.19 | 5.0 | 0.0 | 11.45 | 28.51 | 0.0 | 10.99 | 4.87 | 0.0 | 8.50 | 6.25 | 0.0 | 4.16 | 15.24 | 0.0 | 2.52 | 9.09 | 0.0 | 0.29 | 3.57 | 0.0 | 12.59 | 1.7 | 0.0 | 70.22 | 4.03 | 0.0 | 103.75 | 22.11 | 0.0 | -4.38 | -129.09 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 1.30 | 14.04 | 0.0 | 20.18 | -5.3 | 0.0 | 8.91 | -18.48 | 0.0 | 10.48 | 12.33 | 0.0 | 8.00 | 13.96 | 0.0 | 3.61 | -3.48 | 0.0 | 2.31 | -9.77 | 0.0 | 0.28 | -22.22 | 0.0 | 12.38 | 13.06 | 0.0 | 67.50 | 30.61 | 0.0 | 84.96 | -27.48 | 0.0 | 15.04 | 187.61 | 0.0 | 8.30 | -0.48 | 0.0 |
| 19Q4 (1) | 1.14 | 0.0 | 0.0 | 21.31 | 0.0 | 0.0 | 10.93 | 0.0 | 0.0 | 9.33 | 0.0 | 0.0 | 7.02 | 0.0 | 0.0 | 3.74 | 0.0 | 0.0 | 2.56 | 0.0 | 0.0 | 0.36 | 0.0 | 0.0 | 10.95 | 0.0 | 0.0 | 51.68 | 0.0 | 0.0 | 117.16 | 0.0 | 0.0 | -17.16 | 0.0 | 0.0 | 8.34 | 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) | 4.40 | -24.79 | 24.34 | 8.08 | 9.26 | -8.23 | 1.98 | 33.62 | 10.03 | -13.16 | 7.87 | -13.33 | 9.01 | -32.61 | 6.21 | -30.38 | 0.76 | -21.65 | 12.62 | -5.33 | 51.30 | 3.64 | 92.20 | 5.58 | 7.80 | -38.42 | 6.39 | -3.2 | 11.61 | 19.57 |
| 2022 (9) | 5.85 | 95.0 | 22.52 | 13.79 | 10.09 | 54.28 | 1.49 | -4.92 | 11.55 | 67.15 | 9.08 | 76.65 | 13.37 | 80.19 | 8.92 | 79.12 | 0.97 | 2.11 | 13.33 | 52.34 | 49.50 | -7.67 | 87.33 | -7.82 | 12.67 | 140.8 | 6.61 | -7.0 | 9.71 | 1.15 |
| 2021 (8) | 3.00 | -43.29 | 19.79 | -5.81 | 6.54 | -34.8 | 1.56 | 15.36 | 6.91 | -31.52 | 5.14 | -32.63 | 7.42 | -46.62 | 4.98 | -46.96 | 0.95 | -21.49 | 8.75 | -25.72 | 53.61 | 7.54 | 94.74 | -4.74 | 5.26 | 866.67 | 7.10 | -3.21 | 9.60 | 9.22 |
| 2020 (7) | 5.29 | 23.6 | 21.01 | 1.84 | 10.03 | 3.83 | 1.35 | -9.09 | 10.09 | 5.32 | 7.63 | 3.25 | 13.90 | 11.11 | 9.39 | 13.54 | 1.21 | 9.01 | 11.78 | 4.43 | 49.85 | -3.54 | 99.46 | -1.47 | 0.54 | 0 | 7.34 | -15.93 | 8.79 | 7.2 |
| 2019 (6) | 4.28 | -21.03 | 20.63 | 6.78 | 9.66 | -4.07 | 1.49 | 321.73 | 9.58 | -11.71 | 7.39 | -13.47 | 12.51 | -32.45 | 8.27 | -26.88 | 1.11 | -15.91 | 11.28 | 0.27 | 51.68 | -3.2 | 100.94 | 8.73 | -0.94 | 0 | 8.73 | 8220.94 | 8.20 | 22.75 |
| 2018 (5) | 5.42 | -3.39 | 19.32 | 1.63 | 10.07 | 3.39 | 0.35 | 9.63 | 10.85 | 8.94 | 8.54 | 1.67 | 18.52 | -22.83 | 11.31 | -18.16 | 1.32 | -19.51 | 11.25 | 8.38 | 53.39 | -35.1 | 92.84 | -5.03 | 7.16 | 219.74 | 0.10 | -54.42 | 6.68 | -3.47 |
| 2017 (4) | 5.61 | -15.89 | 19.01 | -19.45 | 9.74 | -21.77 | 0.32 | 18.05 | 9.96 | -24.89 | 8.40 | -23.5 | 24.00 | -20.16 | 13.82 | -20.85 | 1.64 | 3.14 | 10.38 | -23.79 | 82.27 | 25.07 | 97.76 | 4.19 | 2.24 | -63.73 | 0.23 | 0 | 6.92 | -12.85 |
| 2016 (3) | 6.67 | 9.7 | 23.60 | 11.06 | 12.45 | 15.92 | 0.27 | 7.44 | 13.26 | 6.68 | 10.98 | 6.4 | 30.06 | -1.28 | 17.46 | -8.11 | 1.59 | -13.59 | 13.62 | 6.99 | 65.78 | -16.85 | 93.83 | 8.36 | 6.17 | -54.73 | 0.00 | 0 | 7.94 | 16.59 |
| 2015 (2) | 6.08 | 60.0 | 21.25 | 11.26 | 10.74 | 22.05 | 0.25 | -37.87 | 12.43 | 19.29 | 10.32 | 21.7 | 30.45 | 38.47 | 19.00 | 17.36 | 1.84 | -3.66 | 12.73 | 17.33 | 79.11 | 104.05 | 86.59 | 2.3 | 13.64 | -13.22 | 0.00 | 0 | 6.81 | 20.96 |
| 2014 (1) | 3.80 | 23.38 | 19.10 | 0 | 8.80 | 0 | 0.41 | -0.71 | 10.42 | 0 | 8.48 | 0 | 21.99 | 0 | 16.19 | 0 | 1.91 | 6.11 | 10.85 | 0.93 | 38.77 | 19.81 | 84.64 | -2.34 | 15.71 | 21.92 | 0.00 | 0 | 5.63 | 13.05 |
