- 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) | 0.45 | -16.67 | 0.0 | 25.18 | 0.04 | 17.39 | 14.96 | 3.67 | 47.24 | 16.19 | -24.73 | -13.75 | 13.87 | -21.19 | -7.66 | 3.69 | -20.65 | -10.22 | 2.10 | -18.92 | -4.98 | 0.14 | 0.0 | 0.0 | 23.31 | -19.95 | -13.47 | 84.17 | -3.62 | -8.21 | 92.49 | 37.87 | 70.58 | 7.51 | -77.18 | -83.66 | 15.70 | -0.7 | 0.96 |
| 24Q2 (19) | 0.54 | 14.89 | 3.85 | 25.17 | 13.69 | 13.94 | 14.43 | 19.26 | 10.41 | 21.51 | 4.37 | 5.13 | 17.60 | 8.98 | 6.93 | 4.65 | 11.78 | -3.73 | 2.59 | 13.1 | 1.17 | 0.14 | 0.0 | -6.67 | 29.12 | 1.01 | 3.56 | 87.33 | -0.03 | -11.67 | 67.09 | 14.31 | 5.01 | 32.91 | -20.33 | -8.86 | 15.81 | -0.38 | 14.15 |
| 24Q1 (18) | 0.47 | 56.67 | 14.63 | 22.14 | -1.12 | -7.44 | 12.10 | -3.28 | -15.15 | 20.61 | 71.18 | 23.19 | 16.15 | 63.79 | 17.11 | 4.16 | 50.18 | 8.05 | 2.29 | 48.7 | 8.02 | 0.14 | -6.67 | -6.67 | 28.83 | 45.17 | 17.24 | 87.36 | -6.3 | -5.24 | 58.69 | -43.4 | -31.14 | 41.31 | 1138.7 | 179.74 | 15.87 | 10.06 | 10.13 |
| 23Q4 (17) | 0.30 | -33.33 | -28.57 | 22.39 | 4.38 | -20.21 | 12.51 | 23.13 | -32.71 | 12.04 | -35.86 | -27.64 | 9.86 | -34.35 | -17.14 | 2.77 | -32.6 | -27.68 | 1.54 | -30.32 | -29.36 | 0.15 | 7.14 | -16.67 | 19.86 | -26.28 | -13.46 | 93.23 | 1.67 | 9.58 | 103.69 | 91.24 | -7.33 | -3.98 | -108.65 | 66.04 | 14.42 | -7.27 | 15.82 |
| 23Q3 (16) | 0.45 | -13.46 | -55.45 | 21.45 | -2.9 | -31.97 | 10.16 | -22.26 | -54.8 | 18.77 | -8.26 | -41.56 | 15.02 | -8.75 | -41.49 | 4.11 | -14.91 | -55.95 | 2.21 | -13.67 | -57.74 | 0.14 | -6.67 | -30.0 | 26.94 | -4.2 | -28.24 | 91.70 | -7.25 | 18.34 | 54.22 | -15.13 | -22.53 | 45.97 | 27.29 | 53.18 | 15.55 | 12.27 | 25.3 |
| 23Q2 (15) | 0.52 | 26.83 | -75.12 | 22.09 | -7.65 | -28.4 | 13.07 | -8.35 | -42.37 | 20.46 | 22.3 | -22.23 | 16.46 | 19.36 | -21.73 | 4.83 | 25.45 | -42.43 | 2.56 | 20.75 | -45.88 | 0.15 | 0.0 | -31.82 | 28.12 | 14.36 | -9.96 | 98.87 | 7.25 | 18.04 | 63.89 | -25.04 | -25.9 | 36.11 | 144.52 | 162.0 | 13.85 | -3.89 | 18.88 |
| 23Q1 (14) | 0.41 | -2.38 | -78.07 | 23.92 | -14.75 | -22.56 | 14.26 | -23.29 | -36.57 | 16.73 | 0.54 | -32.59 | 13.79 | 15.88 | -29.21 | 3.85 | 0.52 | -52.0 | 2.12 | -2.75 | -54.11 | 0.15 | -16.67 | -37.5 | 24.59 | 7.15 | -17.4 | 92.19 | 8.36 | 24.73 | 85.23 | -23.83 | -5.89 | 14.77 | 226.1 | 56.54 | 14.41 | 15.74 | 13.2 |
| 22Q4 (13) | 0.42 | -58.42 | -74.85 | 28.06 | -11.01 | -17.37 | 18.59 | -17.3 | -11.26 | 16.64 | -48.19 | -22.13 | 11.90 | -53.64 | -27.22 | 3.83 | -58.95 | -51.76 | 2.18 | -58.32 | -47.72 | 0.18 | -10.0 | -28.0 | 22.95 | -38.87 | -12.77 | 85.08 | 9.79 | 11.3 | 111.89 | 59.86 | 14.22 | -11.71 | -139.03 | -712.91 | 12.45 | 0.32 | -14.84 |
| 22Q3 (12) | 1.01 | -51.67 | -37.27 | 31.53 | 2.2 | 11.69 | 22.48 | -0.88 | 9.29 | 32.12 | 22.08 | 44.68 | 25.67 | 22.06 | 47.95 | 9.33 | 11.2 | 0.32 | 5.23 | 10.57 | 23.64 | 0.20 | -9.09 | -16.67 | 37.54 | 20.2 | 38.07 | 77.49 | -7.49 | -31.38 | 69.99 | -18.82 | -24.49 | 30.01 | 117.73 | 310.67 | 12.41 | 6.52 | 0.65 |
| 22Q2 (11) | 2.09 | 11.76 | 137.5 | 30.85 | -0.13 | 35.96 | 22.68 | 0.89 | 50.1 | 26.31 | 6.0 | 97.67 | 21.03 | 7.96 | 103.58 | 8.39 | 4.61 | 47.71 | 4.73 | 2.38 | 88.45 | 0.22 | -8.33 | -8.33 | 31.23 | 4.9 | 67.63 | 83.76 | 13.33 | -38.13 | 86.22 | -4.8 | -24.0 | 13.78 | 46.1 | 202.49 | 11.65 | -8.48 | -5.05 |
| 22Q1 (10) | 1.87 | 11.98 | 179.1 | 30.89 | -9.04 | 60.89 | 22.48 | 7.3 | 109.31 | 24.82 | 16.14 | 113.05 | 19.48 | 19.14 | 117.9 | 8.02 | 1.01 | 79.42 | 4.62 | 10.79 | 127.59 | 0.24 | -4.0 | 9.09 | 29.77 | 13.15 | 69.73 | 73.91 | -3.31 | -43.98 | 90.57 | -7.55 | -1.68 | 9.43 | 393.71 | 19.62 | 12.73 | -12.93 | -5.7 |
| 21Q4 (9) | 1.67 | 3.73 | 247.92 | 33.96 | 20.3 | 63.9 | 20.95 | 1.85 | 83.61 | 21.37 | -3.74 | 108.49 | 16.35 | -5.76 | 150.38 | 7.94 | -14.62 | 142.07 | 4.17 | -1.42 | 170.78 | 0.25 | 4.17 | 8.7 | 26.31 | -3.24 | 64.33 | 76.44 | -32.31 | -38.44 | 97.96 | 5.68 | -11.96 | 1.91 | -73.85 | 116.95 | 14.62 | 18.57 | 9.19 |
| 21Q3 (8) | 1.61 | 82.95 | 106.41 | 28.23 | 24.42 | 45.14 | 20.57 | 36.14 | 97.41 | 22.20 | 66.79 | 97.33 | 17.35 | 67.96 | 48.93 | 9.30 | 63.73 | 70.33 | 4.23 | 68.53 | 68.53 | 0.24 | 0.0 | 14.29 | 27.19 | 45.95 | 51.56 | 112.92 | -16.58 | -5.64 | 92.69 | -18.29 | 0.11 | 7.31 | 154.34 | -1.35 | 12.33 | 0.49 | -8.87 |
| 21Q2 (7) | 0.88 | 31.34 | 54.39 | 22.69 | 18.18 | 30.78 | 15.11 | 40.69 | 62.3 | 13.31 | 14.25 | 39.66 | 10.33 | 15.55 | 22.68 | 5.68 | 27.07 | 34.6 | 2.51 | 23.65 | 32.8 | 0.24 | 9.09 | 9.09 | 18.63 | 6.21 | 15.57 | 135.37 | 2.6 | 3.57 | 113.45 | 23.16 | 15.95 | -13.45 | -270.51 | -723.96 | 12.27 | -9.11 | 0 |
| 21Q1 (6) | 0.67 | 39.58 | 86.11 | 19.20 | -7.34 | 15.32 | 10.74 | -5.87 | 30.82 | 11.65 | 13.66 | 33.14 | 8.94 | 36.91 | 48.01 | 4.47 | 36.28 | 67.42 | 2.03 | 31.82 | 57.36 | 0.22 | -4.35 | 10.0 | 17.54 | 9.56 | 7.34 | 131.94 | 6.26 | 2.11 | 92.11 | -17.22 | -1.64 | 7.89 | 169.96 | 24.21 | 13.50 | 0.82 | -5.2 |
| 20Q4 (5) | 0.48 | -38.46 | 9.09 | 20.72 | 6.53 | 12.92 | 11.41 | 9.5 | 25.8 | 10.25 | -8.89 | 14.27 | 6.53 | -43.95 | -0.31 | 3.28 | -39.93 | 2.82 | 1.54 | -38.65 | -3.75 | 0.23 | 9.52 | 0.0 | 16.01 | -10.76 | 0.76 | 124.17 | 3.76 | 11.41 | 111.27 | 20.17 | 10.27 | -11.27 | -252.18 | -1134.36 | 13.39 | -1.03 | 1.06 |
| 20Q3 (4) | 0.78 | 36.84 | 0.0 | 19.45 | 12.1 | 0.0 | 10.42 | 11.92 | 0.0 | 11.25 | 18.05 | 0.0 | 11.65 | 38.36 | 0.0 | 5.46 | 29.38 | 0.0 | 2.51 | 32.8 | 0.0 | 0.21 | -4.55 | 0.0 | 17.94 | 11.29 | 0.0 | 119.67 | -8.44 | 0.0 | 92.59 | -5.37 | 0.0 | 7.41 | 243.7 | 0.0 | 13.53 | 0 | 0.0 |
| 20Q2 (3) | 0.57 | 58.33 | 0.0 | 17.35 | 4.2 | 0.0 | 9.31 | 13.4 | 0.0 | 9.53 | 8.91 | 0.0 | 8.42 | 39.4 | 0.0 | 4.22 | 58.05 | 0.0 | 1.89 | 46.51 | 0.0 | 0.22 | 10.0 | 0.0 | 16.12 | -1.35 | 0.0 | 130.70 | 1.15 | 0.0 | 97.84 | 4.48 | 0.0 | 2.16 | -66.06 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.36 | -18.18 | 0.0 | 16.65 | -9.26 | 0.0 | 8.21 | -9.48 | 0.0 | 8.75 | -2.45 | 0.0 | 6.04 | -7.79 | 0.0 | 2.67 | -16.3 | 0.0 | 1.29 | -19.38 | 0.0 | 0.20 | -13.04 | 0.0 | 16.34 | 2.83 | 0.0 | 129.21 | 15.94 | 0.0 | 93.65 | -7.2 | 0.0 | 6.35 | 795.24 | 0.0 | 14.24 | 7.47 | 0.0 |
| 19Q4 (1) | 0.44 | 0.0 | 0.0 | 18.35 | 0.0 | 0.0 | 9.07 | 0.0 | 0.0 | 8.97 | 0.0 | 0.0 | 6.55 | 0.0 | 0.0 | 3.19 | 0.0 | 0.0 | 1.60 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 15.89 | 0.0 | 0.0 | 111.45 | 0.0 | 0.0 | 100.91 | 0.0 | 0.0 | -0.91 | 0.0 | 0.0 | 13.25 | 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) | 1.67 | -44.52 | 22.45 | -26.13 | 12.51 | -42.16 | 6.94 | 40.12 | 17.01 | -32.45 | 13.79 | -30.04 | 15.58 | -49.12 | 8.62 | -49.65 | 0.60 | -30.23 | 24.89 | -18.53 | 93.23 | 9.58 | 73.50 | -14.44 | 26.50 | 87.7 | 3.94 | 2.52 | 14.55 | 18.29 |
| 2022 (9) | 3.01 | -37.42 | 30.39 | 14.16 | 21.63 | 25.17 | 4.95 | 2.72 | 25.18 | 43.23 | 19.71 | 45.03 | 30.62 | 21.85 | 17.12 | 30.39 | 0.86 | -9.47 | 30.55 | 33.82 | 85.08 | 11.3 | 85.91 | -12.57 | 14.12 | 714.06 | 3.84 | -17.16 | 12.30 | -6.96 |
| 2021 (8) | 4.81 | 119.63 | 26.62 | 42.73 | 17.28 | 74.19 | 4.82 | -20.75 | 17.58 | 76.15 | 13.59 | 66.34 | 25.13 | 65.44 | 13.13 | 81.1 | 0.95 | 11.76 | 22.83 | 37.61 | 76.44 | -38.44 | 98.27 | -1.12 | 1.73 | 179.19 | 4.64 | -18.4 | 13.22 | -2.0 |
| 2020 (7) | 2.19 | 27.33 | 18.65 | 9.96 | 9.92 | 10.96 | 6.09 | -13.0 | 9.98 | 3.42 | 8.17 | 23.04 | 15.19 | 24.61 | 7.25 | 14.53 | 0.85 | -7.61 | 16.59 | -3.1 | 124.17 | 11.41 | 99.38 | 7.25 | 0.62 | -91.54 | 5.68 | -14.92 | 13.49 | -0.52 |
| 2019 (6) | 1.72 | -92.71 | 16.96 | -7.88 | 8.94 | -20.04 | 7.00 | 10.77 | 9.65 | -21.67 | 6.64 | -23.77 | 12.19 | -26.3 | 6.33 | -31.27 | 0.92 | -11.54 | 17.12 | -10.27 | 111.45 | 24.83 | 92.66 | 2.14 | 7.34 | -20.95 | 6.68 | -7.43 | 13.56 | 1.27 |
| 2018 (5) | 23.60 | 61.42 | 18.41 | -4.31 | 11.18 | 0.27 | 6.32 | 3.27 | 12.32 | -13.67 | 8.71 | -20.31 | 16.54 | -27.74 | 9.21 | -39.17 | 1.04 | -20.61 | 19.08 | -10.46 | 89.28 | 15.38 | 90.71 | 16.07 | 9.29 | -57.49 | 7.21 | 0 | 13.39 | -2.9 |
| 2017 (4) | 14.62 | 642.13 | 19.24 | 46.53 | 11.15 | 91.91 | 6.12 | 75.89 | 14.27 | 2.81 | 10.93 | -12.28 | 22.89 | 49.8 | 15.14 | 14.52 | 1.31 | 23.58 | 21.31 | 22.54 | 77.38 | 427.11 | 78.15 | 86.92 | 21.85 | -62.45 | 0.00 | 0 | 13.79 | 94.23 |
| 2016 (3) | 1.97 | -25.94 | 13.13 | -57.41 | 5.81 | -64.72 | 3.48 | -74.72 | 13.88 | -30.84 | 12.46 | -19.4 | 15.28 | 77.47 | 13.22 | 80.6 | 1.06 | 125.53 | 17.39 | -48.64 | 14.68 | -18.81 | 41.81 | -48.75 | 58.19 | 215.89 | 0.00 | 0 | 7.10 | -64.73 |
| 2015 (2) | 2.66 | -6.67 | 30.83 | -3.99 | 16.47 | -6.15 | 13.76 | 17.83 | 20.07 | 6.25 | 15.46 | -2.77 | 8.61 | -35.12 | 7.32 | -34.58 | 0.47 | -31.88 | 33.86 | 10.26 | 18.08 | 4.99 | 81.58 | -12.51 | 18.42 | 172.63 | 0.00 | 0 | 20.13 | 4.57 |
| 2014 (1) | 2.85 | 78.12 | 32.11 | 0 | 17.55 | 0 | 11.68 | 5.38 | 18.89 | 0 | 15.90 | 0 | 13.27 | 0 | 11.19 | 0 | 0.69 | -47.73 | 30.71 | 64.58 | 17.22 | -40.33 | 93.24 | -51.51 | 6.76 | 0 | 0.00 | 0 | 19.25 | 35.66 |
