- 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) | 1.33 | 9.92 | -8.28 | 30.24 | 9.29 | 12.42 | 16.64 | 29.49 | 25.58 | 13.61 | -18.36 | -34.22 | 11.98 | -2.12 | -22.81 | 2.99 | 1.7 | -34.0 | 1.85 | 2.78 | -28.57 | 0.15 | 7.14 | -6.25 | 21.72 | -15.78 | -25.62 | 67.95 | -9.95 | -7.96 | 122.40 | 58.54 | 90.9 | -22.40 | -198.27 | -162.43 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 1.21 | -23.9 | -3.2 | 27.67 | -8.98 | 3.28 | 12.85 | -2.06 | -0.31 | 16.67 | -34.88 | -16.44 | 12.24 | -36.02 | -21.69 | 2.94 | -33.78 | -26.87 | 1.80 | -33.82 | -21.05 | 0.14 | 0.0 | 0.0 | 25.79 | -26.5 | -12.84 | 75.46 | 8.45 | -19.35 | 77.21 | 50.35 | 18.78 | 22.79 | -53.15 | -36.18 | 19.83 | -10.68 | 5.82 |
| 24Q1 (18) | 1.59 | 127.14 | 367.65 | 30.40 | 1.23 | 26.88 | 13.12 | -17.38 | 62.18 | 25.60 | 190.58 | 283.81 | 19.13 | 155.07 | 283.37 | 4.44 | 112.44 | 311.11 | 2.72 | 104.51 | 277.78 | 0.14 | -12.5 | 16.67 | 35.09 | 101.9 | 90.91 | 69.58 | 0.99 | -11.99 | 51.35 | -71.56 | -57.21 | 48.65 | 160.39 | 343.24 | 22.20 | 23.68 | 19.94 |
| 23Q4 (17) | 0.70 | -51.72 | 70.73 | 30.03 | 11.64 | 20.02 | 15.88 | 19.85 | 23.58 | 8.81 | -57.42 | 40.73 | 7.50 | -51.68 | 29.76 | 2.09 | -53.86 | 53.68 | 1.33 | -48.65 | 56.47 | 0.16 | 0.0 | 23.08 | 17.38 | -40.48 | 3.76 | 68.90 | -6.68 | -14.7 | 180.56 | 181.6 | -10.84 | -80.56 | -324.5 | 23.28 | 17.95 | -0.44 | 13.04 |
| 23Q3 (16) | 1.45 | 16.0 | 23.93 | 26.90 | 0.41 | -2.25 | 13.25 | 2.79 | 60.61 | 20.69 | 3.71 | -22.33 | 15.52 | -0.7 | -22.32 | 4.53 | 12.69 | 15.27 | 2.59 | 13.6 | 16.14 | 0.16 | 14.29 | 45.45 | 29.20 | -1.32 | -25.72 | 73.83 | -21.1 | -7.8 | 64.12 | -1.36 | 105.77 | 35.88 | 0.47 | -47.88 | 18.03 | -3.79 | -20.04 |
| 23Q2 (15) | 1.25 | 267.65 | -1.57 | 26.79 | 11.81 | -9.83 | 12.89 | 59.33 | -3.95 | 19.95 | 199.1 | -22.1 | 15.63 | 213.23 | -17.04 | 4.02 | 272.22 | -5.85 | 2.28 | 216.67 | -4.6 | 0.14 | 16.67 | 16.67 | 29.59 | 60.99 | -18.8 | 93.57 | 18.35 | 7.01 | 65.00 | -45.83 | 23.58 | 35.71 | 278.57 | -24.66 | 18.74 | 1.24 | -23.7 |
| 23Q1 (14) | 0.34 | -17.07 | -64.58 | 23.96 | -4.24 | 4.13 | 8.09 | -37.04 | -11.39 | 6.67 | 6.55 | -56.69 | 4.99 | -13.67 | -56.76 | 1.08 | -20.59 | -66.67 | 0.72 | -15.29 | -61.29 | 0.12 | -7.69 | -25.0 | 18.38 | 9.73 | -24.86 | 79.06 | -2.12 | -1.46 | 120.00 | -40.74 | 102.39 | -20.00 | 80.95 | -149.13 | 18.51 | 16.56 | -6.42 |
| 22Q4 (13) | 0.41 | -64.96 | -52.87 | 25.02 | -9.08 | 1.5 | 12.85 | 55.76 | -6.88 | 6.26 | -76.5 | -52.07 | 5.78 | -71.07 | -44.58 | 1.36 | -65.39 | -55.84 | 0.85 | -61.88 | -51.43 | 0.13 | 18.18 | -18.75 | 16.75 | -57.39 | -20.58 | 80.77 | 0.86 | 0.56 | 202.50 | 549.88 | 92.48 | -105.00 | -252.53 | -1916.0 | 15.88 | -29.58 | -19.35 |
| 22Q3 (12) | 1.17 | -7.87 | 21.87 | 27.52 | -7.37 | 1.03 | 8.25 | -38.52 | -44.07 | 26.64 | 4.02 | 69.04 | 19.98 | 6.05 | 69.04 | 3.93 | -7.96 | 14.24 | 2.23 | -6.69 | 12.06 | 0.11 | -8.33 | -31.25 | 39.31 | 7.88 | 65.03 | 80.08 | -8.42 | -4.51 | 31.16 | -40.76 | -66.8 | 68.84 | 45.23 | 1021.12 | 22.55 | -8.18 | 12.24 |
| 22Q2 (11) | 1.27 | 32.29 | 51.19 | 29.71 | 29.12 | 8.91 | 13.42 | 46.99 | -9.63 | 25.61 | 66.3 | 83.98 | 18.84 | 63.26 | 80.29 | 4.27 | 31.79 | 42.81 | 2.39 | 28.49 | 33.52 | 0.12 | -25.0 | -29.41 | 36.44 | 48.98 | 68.0 | 87.44 | 8.99 | 22.46 | 52.60 | -11.29 | -50.41 | 47.40 | 16.45 | 770.41 | 24.56 | 24.17 | 41.88 |
| 22Q1 (10) | 0.96 | 10.34 | 17.07 | 23.01 | -6.65 | -13.98 | 9.13 | -33.84 | -32.82 | 15.40 | 17.92 | 7.77 | 11.54 | 10.64 | 7.75 | 3.24 | 5.19 | 6.23 | 1.86 | 6.29 | 4.49 | 0.16 | 0.0 | 0.0 | 24.46 | 15.98 | 6.81 | 80.23 | -0.11 | 12.37 | 59.29 | -43.64 | -37.38 | 40.71 | 881.59 | 665.31 | 19.78 | 0.46 | 21.13 |
| 21Q4 (9) | 0.87 | -9.37 | 12.99 | 24.65 | -9.51 | -12.18 | 13.80 | -6.44 | -18.54 | 13.06 | -17.13 | 2.51 | 10.43 | -11.76 | 3.57 | 3.08 | -10.47 | 0.0 | 1.75 | -12.06 | 1.74 | 0.16 | 0.0 | 0.0 | 21.09 | -11.46 | -2.68 | 80.32 | -4.22 | -5.75 | 105.21 | 12.09 | -20.85 | -5.21 | -184.82 | 84.18 | 19.69 | -1.99 | 17.48 |
| 21Q3 (8) | 0.96 | 14.29 | -9.43 | 27.24 | -0.15 | -13.61 | 14.75 | -0.67 | -27.66 | 15.76 | 13.22 | -6.41 | 11.82 | 13.11 | -1.66 | 3.44 | 15.05 | -23.56 | 1.99 | 11.17 | -19.11 | 0.16 | -5.88 | -20.0 | 23.82 | 9.82 | 3.34 | 83.86 | 17.45 | -6.66 | 93.86 | -11.5 | -22.3 | 6.14 | 186.84 | 129.52 | 20.09 | 16.06 | 37.32 |
| 21Q2 (7) | 0.84 | 2.44 | -13.4 | 27.28 | 1.98 | -13.2 | 14.85 | 9.27 | -19.07 | 13.92 | -2.59 | -21.44 | 10.45 | -2.43 | -23.83 | 2.99 | -1.97 | -29.15 | 1.79 | 0.56 | -25.1 | 0.17 | 6.25 | 0.0 | 21.69 | -5.28 | -23.25 | 71.40 | 0.0 | -17.14 | 106.06 | 12.02 | 2.2 | -7.07 | -232.93 | -87.37 | 17.31 | 6.0 | 0 |
| 21Q1 (6) | 0.82 | 6.49 | 173.33 | 26.75 | -4.7 | 33.22 | 13.59 | -19.78 | 229.85 | 14.29 | 12.17 | 77.3 | 10.71 | 6.36 | 68.4 | 3.05 | -0.97 | 136.43 | 1.78 | 3.49 | 117.07 | 0.16 | 0.0 | 45.45 | 22.90 | 5.68 | 0.39 | 71.40 | -16.22 | -11.71 | 94.68 | -28.77 | 89.36 | 5.32 | 116.15 | -89.36 | 16.33 | -2.57 | -4.34 |
| 20Q4 (5) | 0.77 | -27.36 | 42.59 | 28.07 | -10.97 | 1.45 | 16.94 | -16.92 | 7.49 | 12.74 | -24.35 | 6.34 | 10.07 | -16.22 | 28.94 | 3.08 | -31.56 | 33.33 | 1.72 | -30.08 | 29.32 | 0.16 | -20.0 | 0.0 | 21.67 | -5.99 | 1.31 | 85.22 | -5.14 | -0.86 | 132.93 | 10.04 | 0.79 | -32.93 | -58.3 | -3.27 | 16.76 | 14.56 | 0 |
| 20Q3 (4) | 1.06 | 9.28 | 0.0 | 31.53 | 0.32 | 0.0 | 20.39 | 11.12 | 0.0 | 16.84 | -4.97 | 0.0 | 12.02 | -12.39 | 0.0 | 4.50 | 6.64 | 0.0 | 2.46 | 2.93 | 0.0 | 0.20 | 17.65 | 0.0 | 23.05 | -18.44 | 0.0 | 89.84 | 4.26 | 0.0 | 120.80 | 16.41 | 0.0 | -20.80 | -451.2 | 0.0 | 14.63 | 0 | 0.0 |
| 20Q2 (3) | 0.97 | 223.33 | 0.0 | 31.43 | 56.52 | 0.0 | 18.35 | 345.39 | 0.0 | 17.72 | 119.85 | 0.0 | 13.72 | 115.72 | 0.0 | 4.22 | 227.13 | 0.0 | 2.39 | 191.46 | 0.0 | 0.17 | 54.55 | 0.0 | 28.26 | 23.89 | 0.0 | 86.17 | 6.55 | 0.0 | 103.77 | 107.55 | 0.0 | -3.77 | -107.55 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.30 | -44.44 | 0.0 | 20.08 | -27.43 | 0.0 | 4.12 | -73.86 | 0.0 | 8.06 | -32.72 | 0.0 | 6.36 | -18.57 | 0.0 | 1.29 | -44.16 | 0.0 | 0.82 | -38.35 | 0.0 | 0.11 | -31.25 | 0.0 | 22.81 | 6.64 | 0.0 | 80.87 | -5.92 | 0.0 | 50.00 | -62.09 | 0.0 | 50.00 | 256.82 | 0.0 | 17.07 | 0 | 0.0 |
| 19Q4 (1) | 0.54 | 0.0 | 0.0 | 27.67 | 0.0 | 0.0 | 15.76 | 0.0 | 0.0 | 11.98 | 0.0 | 0.0 | 7.81 | 0.0 | 0.0 | 2.31 | 0.0 | 0.0 | 1.33 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 21.39 | 0.0 | 0.0 | 85.96 | 0.0 | 0.0 | 131.88 | 0.0 | 0.0 | -31.88 | 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) | 3.73 | -2.36 | 27.15 | 4.1 | 12.85 | 17.57 | 8.28 | -14.14 | 14.37 | -19.63 | 11.19 | -17.72 | 11.65 | -9.27 | 7.15 | -3.77 | 0.60 | 15.38 | 23.82 | -16.39 | 68.90 | -14.7 | 89.34 | 46.16 | 10.66 | -72.57 | 0.51 | -7.48 | 18.28 | -10.92 |
| 2022 (9) | 3.82 | 9.46 | 26.08 | -1.44 | 10.93 | -23.35 | 9.64 | 28.96 | 17.88 | 25.47 | 13.60 | 25.35 | 12.84 | -0.85 | 7.43 | 1.5 | 0.52 | -20.0 | 28.49 | 27.64 | 80.77 | 0.56 | 61.12 | -38.88 | 38.88 | 0 | 0.55 | -21.05 | 20.52 | 11.46 |
| 2021 (8) | 3.49 | 12.58 | 26.46 | -7.64 | 14.26 | -12.08 | 7.48 | -12.59 | 14.25 | -1.66 | 10.85 | -1.09 | 12.95 | 2.53 | 7.32 | 2.52 | 0.65 | 4.84 | 22.32 | -6.77 | 80.32 | -5.75 | 100.00 | -10.85 | 0.00 | 0 | 0.70 | -24.13 | 18.41 | 10.57 |
| 2020 (7) | 3.10 | 86.75 | 28.65 | 24.19 | 16.22 | 56.11 | 8.55 | -6.89 | 14.49 | 50.94 | 10.97 | 58.07 | 12.63 | 77.64 | 7.14 | 65.28 | 0.62 | 14.81 | 23.94 | 17.81 | 85.22 | -0.86 | 112.17 | 3.55 | -11.88 | 0 | 0.92 | -9.49 | 16.65 | 1.83 |
| 2019 (6) | 1.66 | -25.89 | 23.07 | -8.89 | 10.39 | -19.58 | 9.19 | 41.11 | 9.60 | -22.77 | 6.94 | -22.28 | 7.11 | -33.18 | 4.32 | -29.18 | 0.54 | -11.48 | 20.32 | -0.68 | 85.96 | -6.7 | 108.33 | 4.23 | -8.33 | 0 | 1.01 | -9.81 | 16.35 | 34.35 |
| 2018 (5) | 2.24 | -16.1 | 25.32 | -8.59 | 12.92 | -21.12 | 6.51 | 12.88 | 12.43 | -6.26 | 8.93 | -8.32 | 10.64 | -21.24 | 6.10 | -17.23 | 0.61 | -14.08 | 20.46 | 2.66 | 92.13 | -5.27 | 103.94 | -16.0 | -3.94 | 0 | 1.12 | -28.71 | 12.17 | -37.07 |
| 2017 (4) | 2.67 | -7.93 | 27.70 | -6.48 | 16.38 | 2.31 | 5.77 | -11.73 | 13.26 | -16.97 | 9.74 | -21.39 | 13.51 | -13.78 | 7.37 | -15.58 | 0.71 | 5.97 | 19.93 | -14.65 | 97.26 | 3.98 | 123.74 | 23.27 | -23.74 | 0 | 1.57 | 0 | 19.34 | -15.32 |
| 2016 (3) | 2.90 | 1.05 | 29.62 | -7.67 | 16.01 | 0.06 | 6.53 | -5.13 | 15.97 | -10.88 | 12.39 | -13.48 | 15.67 | -2.55 | 8.73 | -5.62 | 0.67 | 8.06 | 23.35 | -8.61 | 93.54 | 10.18 | 100.38 | 12.49 | -0.38 | 0 | 0.00 | 0 | 22.84 | -3.99 |
| 2015 (2) | 2.87 | -5.9 | 32.08 | 4.09 | 16.00 | -6.05 | 6.89 | 19.88 | 17.92 | -6.72 | 14.32 | 5.6 | 16.08 | -14.24 | 9.25 | -11.99 | 0.62 | -15.07 | 25.55 | -1.92 | 84.90 | 8.43 | 89.23 | 0.78 | 10.77 | -6.01 | 0.00 | 0 | 23.79 | 10.09 |
| 2014 (1) | 3.05 | 64.86 | 30.82 | 0 | 17.03 | 0 | 5.74 | -7.24 | 19.21 | 0 | 13.56 | 0 | 18.75 | 0 | 10.51 | 0 | 0.73 | -2.67 | 26.05 | 39.08 | 78.30 | -26.5 | 88.54 | -7.3 | 11.46 | 155.36 | 0.00 | 0 | 21.61 | 8.32 |
