- 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) | 0.71 | -62.43 | -57.23 | 33.78 | 1.2 | 1.38 | 7.05 | -21.49 | -45.94 | 6.97 | -38.21 | -46.47 | 5.02 | -58.2 | -47.38 | 1.50 | -63.68 | -60.21 | 1.04 | -61.34 | -57.2 | 0.21 | -4.55 | -16.0 | 11.74 | -24.94 | -30.37 | 40.15 | -22.59 | -21.06 | 101.43 | 26.53 | 1.43 | -1.43 | -106.92 | 0 | 20.41 | -0.58 | 16.3 |
| 24Q2 (19) | 1.89 | 51.2 | -8.7 | 33.38 | -3.8 | 7.82 | 8.98 | -0.55 | 6.02 | 11.28 | 11.68 | -9.03 | 12.01 | 44.7 | 0.84 | 4.13 | 48.03 | -16.57 | 2.69 | 44.62 | -11.22 | 0.22 | 0.0 | -12.0 | 15.64 | 8.46 | -3.93 | 51.87 | -8.58 | -18.47 | 80.16 | -9.92 | 16.8 | 20.63 | 104.47 | -34.23 | 20.53 | -1.35 | 11.58 |
| 24Q1 (18) | 1.25 | -2.34 | 16.82 | 34.70 | 2.75 | 13.96 | 9.03 | -14.41 | 4.63 | 10.10 | -8.93 | 13.48 | 8.30 | 0.73 | 27.69 | 2.79 | -0.71 | 10.28 | 1.86 | -2.62 | 17.72 | 0.22 | -4.35 | -8.33 | 14.42 | -6.12 | 10.33 | 56.74 | 26.31 | -16.46 | 88.99 | -6.41 | -8.37 | 10.09 | 105.2 | 249.85 | 20.81 | 11.88 | 16.71 |
| 23Q4 (17) | 1.28 | -22.89 | -3.76 | 33.77 | 1.35 | 7.38 | 10.55 | -19.1 | -3.65 | 11.09 | -14.82 | 1.19 | 8.24 | -13.63 | 7.01 | 2.81 | -25.46 | -9.06 | 1.91 | -21.4 | -3.54 | 0.23 | -8.0 | -8.0 | 15.36 | -8.9 | 1.25 | 44.92 | -11.68 | -27.98 | 95.08 | -4.92 | -4.92 | 4.92 | 0 | 0 | 18.60 | 5.98 | 9.86 |
| 23Q3 (16) | 1.66 | -19.81 | 2.47 | 33.32 | 7.62 | 14.46 | 13.04 | 53.96 | 36.97 | 13.02 | 5.0 | 19.78 | 9.54 | -19.9 | 0.74 | 3.77 | -23.84 | -3.08 | 2.43 | -19.8 | 6.58 | 0.25 | 0.0 | 8.7 | 16.86 | 3.56 | 9.77 | 50.86 | -20.06 | -13.77 | 100.00 | 45.71 | 14.78 | 0.00 | -100.0 | -100.0 | 17.55 | -4.62 | 4.65 |
| 23Q2 (15) | 2.07 | 93.46 | 6.15 | 30.96 | 1.67 | 12.58 | 8.47 | -1.85 | 4.44 | 12.40 | 39.33 | 30.94 | 11.91 | 83.23 | 26.17 | 4.95 | 95.65 | 2.48 | 3.03 | 91.77 | 26.78 | 0.25 | 4.17 | 0.0 | 16.28 | 24.56 | 23.43 | 63.62 | -6.33 | -33.22 | 68.63 | -29.33 | -19.74 | 31.37 | 987.58 | 116.47 | 18.40 | 3.2 | 12.2 |
| 23Q1 (14) | 1.07 | -19.55 | -37.06 | 30.45 | -3.18 | 17.39 | 8.63 | -21.19 | -8.0 | 8.90 | -18.8 | -6.22 | 6.50 | -15.58 | -6.74 | 2.53 | -18.12 | -38.14 | 1.58 | -20.2 | -20.6 | 0.24 | -4.0 | -14.29 | 13.07 | -13.84 | 4.06 | 67.92 | 8.9 | -42.88 | 97.12 | -2.88 | -1.68 | 2.88 | 0 | 135.1 | 17.83 | 5.32 | 34.57 |
| 22Q4 (13) | 1.33 | -17.9 | -21.3 | 31.45 | 8.04 | 29.96 | 10.95 | 15.02 | 58.47 | 10.96 | 0.83 | 71.25 | 7.70 | -18.69 | 22.22 | 3.09 | -20.57 | -23.13 | 1.98 | -13.16 | 1.02 | 0.25 | 8.7 | -16.67 | 15.17 | -1.24 | 66.52 | 62.37 | 5.75 | -39.45 | 100.00 | 14.78 | -7.63 | 0.00 | -100.0 | 100.0 | 16.93 | 0.95 | 28.55 |
| 22Q3 (12) | 1.62 | -16.92 | -49.69 | 29.11 | 5.85 | -3.86 | 9.52 | 17.39 | -33.7 | 10.87 | 14.78 | -25.5 | 9.47 | 0.32 | -14.76 | 3.89 | -19.46 | -52.21 | 2.28 | -4.6 | -38.87 | 0.23 | -8.0 | -30.3 | 15.36 | 16.45 | -9.11 | 58.98 | -38.09 | -49.7 | 87.12 | 1.89 | -11.4 | 12.12 | -16.36 | 624.85 | 16.77 | 2.26 | 23.76 |
| 22Q2 (11) | 1.95 | 14.71 | -52.32 | 27.50 | 6.01 | -18.59 | 8.11 | -13.54 | -57.23 | 9.47 | -0.21 | -47.65 | 9.44 | 35.44 | -30.99 | 4.83 | 18.09 | -55.52 | 2.39 | 20.1 | -54.73 | 0.25 | -10.71 | -34.21 | 13.19 | 5.02 | -34.93 | 95.27 | -19.87 | -23.45 | 85.51 | -13.43 | -18.34 | 14.49 | 1081.16 | 407.57 | 16.40 | 23.77 | 42.61 |
| 22Q1 (10) | 1.70 | 0.59 | -37.5 | 25.94 | 7.19 | -21.42 | 9.38 | 35.75 | -39.79 | 9.49 | 48.28 | -37.93 | 6.97 | 10.63 | -41.58 | 4.09 | 1.74 | -45.83 | 1.99 | 1.53 | -51.46 | 0.28 | -6.67 | -17.65 | 12.56 | 37.87 | -30.49 | 118.90 | 15.44 | 32.38 | 98.77 | -8.77 | -3.19 | 1.23 | 114.85 | 160.37 | 13.25 | 0.61 | -8.81 |
| 21Q4 (9) | 1.69 | -47.52 | 62.5 | 24.20 | -20.08 | -15.71 | 6.91 | -51.88 | -30.55 | 6.40 | -56.13 | -10.99 | 6.30 | -43.29 | 3.28 | 4.02 | -50.61 | 30.1 | 1.96 | -47.45 | 12.0 | 0.30 | -9.09 | 7.14 | 9.11 | -46.09 | -18.08 | 103.00 | -12.16 | 25.93 | 108.26 | 10.11 | -21.51 | -8.26 | -594.21 | 78.21 | 13.17 | -2.8 | -3.37 |
| 21Q3 (8) | 3.22 | -21.27 | 190.09 | 30.28 | -10.36 | 2.33 | 14.36 | -24.26 | 18.97 | 14.59 | -19.35 | 66.17 | 11.11 | -18.79 | 61.48 | 8.14 | -25.05 | 130.59 | 3.73 | -29.36 | 97.35 | 0.33 | -13.16 | 22.22 | 16.90 | -16.63 | 33.49 | 117.26 | -5.78 | 37.27 | 98.33 | -6.1 | -28.04 | 1.67 | 135.49 | 104.44 | 13.55 | 17.83 | -7.51 |
| 21Q2 (7) | 4.09 | 50.37 | 154.04 | 33.78 | 2.33 | 13.78 | 18.96 | 21.69 | 68.98 | 18.09 | 18.31 | 60.37 | 13.68 | 14.67 | 36.53 | 10.86 | 43.84 | 118.95 | 5.28 | 28.78 | 94.12 | 0.38 | 11.76 | 40.74 | 20.27 | 12.17 | 36.5 | 124.46 | 38.57 | 30.53 | 104.71 | 2.63 | 4.71 | -4.71 | -131.83 | -703.14 | 11.50 | -20.85 | -22.56 |
| 21Q1 (6) | 2.72 | 161.54 | 80.13 | 33.01 | 14.98 | 10.59 | 15.58 | 56.58 | 43.07 | 15.29 | 112.66 | 32.15 | 11.93 | 95.57 | 49.69 | 7.55 | 144.34 | 69.28 | 4.10 | 134.29 | 60.16 | 0.34 | 21.43 | 6.25 | 18.07 | 62.5 | 23.68 | 89.82 | 9.82 | 18.57 | 102.03 | -26.03 | 8.32 | -2.03 | 94.64 | -135.0 | 14.53 | 6.6 | 6.06 |
| 20Q4 (5) | 1.04 | -6.31 | -33.76 | 28.71 | -2.97 | -0.93 | 9.95 | -17.56 | -15.17 | 7.19 | -18.11 | -28.67 | 6.10 | -11.34 | -18.99 | 3.09 | -12.46 | -34.12 | 1.75 | -7.41 | -34.21 | 0.28 | 3.7 | -17.65 | 11.12 | -12.16 | -14.4 | 81.79 | -4.25 | 3.61 | 137.93 | 0.95 | 18.34 | -37.93 | -0.82 | -129.17 | 13.63 | -6.96 | -1.73 |
| 20Q3 (4) | 1.11 | -31.06 | 0.0 | 29.59 | -0.34 | 0.0 | 12.07 | 7.58 | 0.0 | 8.78 | -22.16 | 0.0 | 6.88 | -31.34 | 0.0 | 3.53 | -28.83 | 0.0 | 1.89 | -30.51 | 0.0 | 0.27 | 0.0 | 0.0 | 12.66 | -14.75 | 0.0 | 85.42 | -10.41 | 0.0 | 136.63 | 36.63 | 0.0 | -37.62 | -4915.84 | 0.0 | 14.65 | -1.35 | 0.0 |
| 20Q2 (3) | 1.61 | 6.62 | 0.0 | 29.69 | -0.54 | 0.0 | 11.22 | 3.03 | 0.0 | 11.28 | -2.51 | 0.0 | 10.02 | 25.72 | 0.0 | 4.96 | 11.21 | 0.0 | 2.72 | 6.25 | 0.0 | 0.27 | -15.62 | 0.0 | 14.85 | 1.64 | 0.0 | 95.35 | 25.87 | 0.0 | 100.00 | 6.16 | 0.0 | 0.78 | -86.55 | 0.0 | 14.85 | 8.39 | 0.0 |
| 20Q1 (2) | 1.51 | -3.82 | 0.0 | 29.85 | 3.0 | 0.0 | 10.89 | -7.16 | 0.0 | 11.57 | 14.78 | 0.0 | 7.97 | 5.84 | 0.0 | 4.46 | -4.9 | 0.0 | 2.56 | -3.76 | 0.0 | 0.32 | -5.88 | 0.0 | 14.61 | 12.47 | 0.0 | 75.75 | -4.04 | 0.0 | 94.19 | -19.18 | 0.0 | 5.81 | 135.08 | 0.0 | 13.70 | -1.23 | 0.0 |
| 19Q4 (1) | 1.57 | 0.0 | 0.0 | 28.98 | 0.0 | 0.0 | 11.73 | 0.0 | 0.0 | 10.08 | 0.0 | 0.0 | 7.53 | 0.0 | 0.0 | 4.69 | 0.0 | 0.0 | 2.66 | 0.0 | 0.0 | 0.34 | 0.0 | 0.0 | 12.99 | 0.0 | 0.0 | 78.94 | 0.0 | 0.0 | 116.55 | 0.0 | 0.0 | -16.55 | 0.0 | 0.0 | 13.87 | 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) | 6.08 | -7.88 | 32.10 | 13.71 | 10.18 | 7.95 | 3.80 | 9.87 | 11.39 | 12.66 | 9.11 | 9.63 | 13.68 | -9.88 | 9.05 | 5.97 | 0.98 | -2.0 | 15.42 | 10.94 | 44.92 | -27.98 | 89.44 | -4.13 | 10.56 | 57.5 | 1.65 | 3.66 | 18.09 | 15.74 |
| 2022 (9) | 6.60 | -43.69 | 28.23 | -6.89 | 9.43 | -32.83 | 3.46 | 49.71 | 10.11 | -26.04 | 8.31 | -23.06 | 15.18 | -49.53 | 8.54 | -45.71 | 1.00 | -30.56 | 13.90 | -13.93 | 62.37 | -39.45 | 93.30 | -9.13 | 6.70 | 0 | 1.59 | 31.51 | 15.63 | 19.31 |
| 2021 (8) | 11.72 | 121.97 | 30.32 | 2.88 | 14.04 | 27.52 | 2.31 | -31.59 | 13.67 | 40.21 | 10.80 | 39.72 | 30.08 | 93.81 | 15.73 | 79.36 | 1.44 | 29.73 | 16.15 | 21.16 | 103.00 | 25.93 | 102.67 | -9.1 | -2.67 | 0 | 1.21 | -16.9 | 13.10 | -7.62 |
| 2020 (7) | 5.28 | -22.92 | 29.47 | 4.76 | 11.01 | -3.42 | 3.37 | 20.28 | 9.75 | -11.84 | 7.73 | -10.64 | 15.52 | -32.29 | 8.77 | -24.07 | 1.11 | -13.95 | 13.33 | -6.78 | 81.79 | 3.61 | 112.95 | 9.5 | -12.95 | 0 | 1.46 | -10.91 | 14.18 | 4.88 |
| 2019 (6) | 6.85 | 1.48 | 28.13 | 13.15 | 11.40 | 26.67 | 2.81 | 6.98 | 11.06 | 19.7 | 8.65 | 15.49 | 22.92 | -17.85 | 11.55 | 3.87 | 1.29 | 2.38 | 14.30 | 5.61 | 78.94 | -44.52 | 103.15 | 5.9 | -3.15 | 0 | 1.64 | -3.19 | 13.52 | 3.21 |
| 2018 (5) | 6.75 | 25.0 | 24.86 | -1.35 | 9.00 | -13.04 | 2.62 | -24.33 | 9.24 | 32.0 | 7.49 | 24.63 | 27.90 | -18.01 | 11.12 | 30.82 | 1.26 | 11.5 | 13.54 | 9.64 | 142.28 | -48.45 | 97.40 | -34.25 | 2.60 | 0 | 1.69 | 0 | 13.10 | 2.02 |
| 2017 (4) | 5.40 | -37.86 | 25.20 | 39.77 | 10.35 | -0.67 | 3.47 | -8.91 | 7.00 | -39.55 | 6.01 | -34.6 | 34.03 | -64.97 | 8.50 | -22.87 | 1.13 | 9.71 | 12.35 | -28.41 | 275.99 | -56.9 | 148.13 | 64.38 | -47.84 | 0 | 0.00 | 0 | 12.84 | -4.82 |
| 2016 (3) | 8.69 | 0 | 18.03 | 12.2 | 10.42 | 555.35 | 3.81 | 11.62 | 11.58 | 0 | 9.19 | 0 | 97.14 | 0 | 11.02 | 2148.98 | 1.03 | 0.98 | 17.25 | 246.39 | 640.28 | -60.27 | 90.11 | 0 | 10.08 | -97.53 | 0.00 | 0 | 13.49 | 2.51 |
| 2015 (2) | -1.09 | 0 | 16.07 | 7.71 | 1.59 | -22.06 | 3.41 | 8.48 | -0.50 | 0 | -1.13 | 0 | -14.36 | 0 | 0.49 | 0 | 1.02 | 0 | 4.98 | 8.5 | 1611.46 | 82.18 | -313.04 | 0 | 408.70 | -30.67 | 0.00 | 0 | 13.16 | -3.45 |
| 2014 (1) | -0.87 | 0 | 14.92 | 0 | 2.04 | 0 | 3.14 | 0 | -0.41 | 0 | -0.86 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 4.59 | 0 | 884.53 | 0 | -489.47 | 0 | 589.47 | 0 | 0.00 | 0 | 13.63 | 0 |
