- 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) | 0.41 | -33.87 | -48.75 | 13.90 | -0.93 | -12.74 | 6.93 | 7.61 | -20.62 | 5.85 | -32.21 | -54.51 | 4.93 | -36.47 | -52.6 | 1.21 | -33.15 | -49.58 | 0.78 | -29.73 | -44.29 | 0.13 | 0.0 | 8.33 | 27.11 | -10.29 | -24.42 | 82.31 | -3.54 | -2.22 | 118.31 | 58.48 | 74.43 | -18.31 | -171.67 | -156.91 | 27.50 | -4.45 | 2.15 |
| 24Q2 (19) | 0.62 | 3.33 | -27.91 | 14.03 | -1.34 | -18.81 | 6.44 | -3.88 | -32.78 | 8.63 | -9.92 | -36.82 | 7.76 | -3.96 | -32.81 | 1.81 | 3.43 | -29.57 | 1.11 | 3.74 | -25.5 | 0.13 | 8.33 | 8.33 | 30.22 | -7.39 | -18.57 | 85.33 | 6.38 | -7.63 | 74.65 | 6.73 | 6.6 | 25.55 | -15.0 | -14.38 | 28.78 | 1.09 | 5.38 |
| 24Q1 (18) | 0.60 | -9.09 | 114.29 | 14.22 | -29.22 | 14.96 | 6.70 | -46.31 | 66.25 | 9.58 | -5.05 | 92.76 | 8.08 | -4.04 | 84.05 | 1.75 | -10.26 | 116.05 | 1.07 | -9.32 | 94.55 | 0.12 | -7.69 | 20.0 | 32.63 | 3.49 | 1.05 | 80.21 | -6.44 | -2.78 | 69.94 | -43.38 | -13.42 | 30.06 | 226.81 | 60.08 | 28.47 | 9.84 | -3.82 |
| 23Q4 (17) | 0.66 | -17.5 | 214.29 | 20.09 | 26.11 | 38.46 | 12.48 | 42.96 | 88.52 | 10.09 | -21.54 | 162.08 | 8.42 | -19.04 | 155.15 | 1.95 | -18.75 | 209.52 | 1.18 | -15.71 | 162.22 | 0.13 | 8.33 | 18.18 | 31.53 | -12.1 | 5.91 | 85.73 | 1.84 | 5.67 | 123.53 | 82.12 | -28.27 | -23.70 | -173.67 | 67.18 | 25.92 | -3.71 | -11.32 |
| 23Q3 (16) | 0.80 | -6.98 | -13.04 | 15.93 | -7.81 | 3.04 | 8.73 | -8.87 | 15.48 | 12.86 | -5.86 | -15.62 | 10.40 | -9.96 | -18.69 | 2.40 | -6.61 | -13.67 | 1.40 | -6.04 | -15.15 | 0.12 | 0.0 | 0.0 | 35.87 | -3.34 | -7.62 | 84.18 | -8.88 | 17.7 | 67.83 | -3.14 | 36.85 | 32.17 | 7.82 | -36.05 | 26.92 | -1.43 | -8.9 |
| 23Q2 (15) | 0.86 | 207.14 | -52.75 | 17.28 | 39.69 | -32.02 | 9.58 | 137.72 | -48.61 | 13.66 | 174.85 | -40.97 | 11.55 | 163.1 | -40.06 | 2.57 | 217.28 | -51.78 | 1.49 | 170.91 | -52.85 | 0.12 | 20.0 | -25.0 | 37.11 | 14.93 | -9.6 | 92.38 | 11.98 | 14.02 | 70.03 | -13.32 | -13.03 | 29.84 | 58.91 | 53.15 | 27.31 | -7.74 | 5.69 |
| 23Q1 (14) | 0.28 | 33.33 | -83.33 | 12.37 | -14.75 | -50.42 | 4.03 | -39.12 | -78.0 | 4.97 | 29.09 | -77.13 | 4.39 | 33.03 | -75.89 | 0.81 | 28.57 | -83.44 | 0.55 | 22.22 | -81.48 | 0.10 | -9.09 | -37.5 | 32.29 | 8.46 | -19.15 | 82.50 | 1.69 | 30.41 | 80.79 | -53.09 | -4.2 | 18.78 | 126.0 | 19.8 | 29.60 | 1.27 | 12.21 |
| 22Q4 (13) | 0.21 | -77.17 | -89.23 | 14.51 | -6.14 | -44.28 | 6.62 | -12.43 | -66.33 | 3.85 | -74.74 | -84.2 | 3.30 | -74.2 | -84.19 | 0.63 | -77.34 | -89.5 | 0.45 | -72.73 | -87.25 | 0.11 | -8.33 | -35.29 | 29.77 | -23.33 | -28.88 | 81.13 | 13.44 | 9.09 | 172.22 | 247.48 | 113.34 | -72.22 | -243.55 | -474.7 | 29.23 | -1.08 | 15.31 |
| 22Q3 (12) | 0.92 | -49.45 | -52.08 | 15.46 | -39.18 | -43.45 | 7.56 | -59.44 | -64.56 | 15.24 | -34.14 | -34.84 | 12.79 | -33.63 | -34.51 | 2.78 | -47.84 | -54.43 | 1.65 | -47.78 | -55.16 | 0.12 | -25.0 | -33.33 | 38.83 | -5.41 | -4.22 | 71.52 | -11.73 | -0.94 | 49.56 | -38.44 | -45.67 | 50.31 | 158.24 | 473.28 | 29.55 | 14.36 | 20.81 |
| 22Q2 (11) | 1.82 | 8.33 | 2.82 | 25.42 | 1.88 | -9.73 | 18.64 | 1.75 | -15.46 | 23.14 | 6.49 | 6.24 | 19.27 | 5.82 | 4.84 | 5.33 | 9.0 | -6.98 | 3.16 | 6.4 | -9.2 | 0.16 | 0.0 | -15.79 | 41.05 | 2.78 | 5.77 | 81.02 | 28.07 | 23.43 | 80.52 | -4.52 | -20.48 | 19.48 | 24.3 | 1659.66 | 25.84 | -2.05 | 6.82 |
| 22Q1 (10) | 1.68 | -13.85 | 27.27 | 24.95 | -4.19 | 3.31 | 18.32 | -6.82 | 2.12 | 21.73 | -10.83 | 18.55 | 18.21 | -12.75 | 22.79 | 4.89 | -18.5 | 8.67 | 2.97 | -15.86 | 8.79 | 0.16 | -5.88 | -11.11 | 39.94 | -4.59 | 10.15 | 63.26 | -14.94 | -10.32 | 84.33 | 4.46 | -13.86 | 15.67 | -18.68 | 642.96 | 26.38 | 4.06 | 6.84 |
| 21Q4 (9) | 1.95 | 1.56 | 107.45 | 26.04 | -4.75 | 6.59 | 19.66 | -7.83 | 6.96 | 24.37 | 4.19 | 74.32 | 20.87 | 6.86 | 91.82 | 6.00 | -1.64 | 78.57 | 3.53 | -4.08 | 70.53 | 0.17 | -5.56 | -5.56 | 41.86 | 3.26 | 33.35 | 74.37 | 3.01 | 8.73 | 80.73 | -11.51 | -38.62 | 19.27 | 119.63 | 161.15 | 25.35 | 3.64 | 6.24 |
| 21Q3 (8) | 1.92 | 8.47 | 231.03 | 27.34 | -2.91 | 41.88 | 21.33 | -3.27 | 69.02 | 23.39 | 7.39 | 146.73 | 19.53 | 6.26 | 162.15 | 6.10 | 6.46 | 185.05 | 3.68 | 5.75 | 183.08 | 0.18 | -5.26 | 12.5 | 40.54 | 4.46 | 40.37 | 72.20 | 9.99 | 2.97 | 91.22 | -9.9 | -31.52 | 8.78 | 802.55 | 126.57 | 24.46 | 1.12 | -4.68 |
| 21Q2 (7) | 1.77 | 34.09 | 136.0 | 28.16 | 16.6 | 35.91 | 22.05 | 22.91 | 51.65 | 21.78 | 18.82 | 80.15 | 18.38 | 23.94 | 83.07 | 5.73 | 27.33 | 109.89 | 3.48 | 27.47 | 120.25 | 0.19 | 5.56 | 26.67 | 38.81 | 7.03 | 20.15 | 65.64 | -6.95 | -20.15 | 101.25 | 3.43 | -15.82 | -1.25 | -159.21 | 93.84 | 24.19 | -2.03 | 0 |
| 21Q1 (6) | 1.32 | 40.43 | 34.69 | 24.15 | -1.15 | 6.2 | 17.94 | -2.39 | 11.36 | 18.33 | 31.12 | 14.28 | 14.83 | 36.31 | 16.22 | 4.50 | 33.93 | 26.05 | 2.73 | 31.88 | 32.52 | 0.18 | 0.0 | 20.0 | 36.26 | 15.51 | 4.17 | 70.54 | 3.13 | -20.07 | 97.89 | -25.57 | -2.54 | 2.11 | 106.69 | 572.57 | 24.69 | 3.48 | -11.38 |
| 20Q4 (5) | 0.94 | 62.07 | 28.77 | 24.43 | 26.78 | 7.43 | 18.38 | 45.64 | 13.67 | 13.98 | 47.47 | 15.25 | 10.88 | 46.04 | 14.41 | 3.36 | 57.01 | 23.08 | 2.07 | 59.23 | 26.22 | 0.18 | 12.5 | 12.5 | 31.39 | 8.69 | 4.29 | 68.40 | -2.45 | -8.27 | 131.52 | -1.27 | -1.32 | -31.52 | 4.56 | 5.3 | 23.86 | -7.01 | -10.54 |
| 20Q3 (4) | 0.58 | -22.67 | 0.0 | 19.27 | -7.0 | 0.0 | 12.62 | -13.2 | 0.0 | 9.48 | -21.59 | 0.0 | 7.45 | -25.8 | 0.0 | 2.14 | -21.61 | 0.0 | 1.30 | -17.72 | 0.0 | 0.16 | 6.67 | 0.0 | 28.88 | -10.59 | 0.0 | 70.12 | -14.7 | 0.0 | 133.21 | 10.75 | 0.0 | -33.02 | -62.89 | 0.0 | 25.66 | 0 | 0.0 |
| 20Q2 (3) | 0.75 | -23.47 | 0.0 | 20.72 | -8.88 | 0.0 | 14.54 | -9.75 | 0.0 | 12.09 | -24.63 | 0.0 | 10.04 | -21.32 | 0.0 | 2.73 | -23.53 | 0.0 | 1.58 | -23.3 | 0.0 | 0.15 | 0.0 | 0.0 | 32.30 | -7.21 | 0.0 | 82.20 | -6.86 | 0.0 | 120.27 | 19.74 | 0.0 | -20.27 | -4441.46 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.98 | 34.25 | 0.0 | 22.74 | 0.0 | 0.0 | 16.11 | -0.37 | 0.0 | 16.04 | 32.23 | 0.0 | 12.76 | 34.17 | 0.0 | 3.57 | 30.77 | 0.0 | 2.06 | 25.61 | 0.0 | 0.15 | -6.25 | 0.0 | 34.81 | 15.65 | 0.0 | 88.25 | 18.35 | 0.0 | 100.45 | -24.64 | 0.0 | -0.45 | 98.66 | 0.0 | 27.86 | 4.46 | 0.0 |
| 19Q4 (1) | 0.73 | 0.0 | 0.0 | 22.74 | 0.0 | 0.0 | 16.17 | 0.0 | 0.0 | 12.13 | 0.0 | 0.0 | 9.51 | 0.0 | 0.0 | 2.73 | 0.0 | 0.0 | 1.64 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 30.10 | 0.0 | 0.0 | 74.57 | 0.0 | 0.0 | 133.28 | 0.0 | 0.0 | -33.28 | 0.0 | 0.0 | 26.67 | 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) | 2.60 | -43.97 | 16.62 | -20.44 | 8.94 | -34.65 | 22.38 | 10.74 | 10.62 | -38.0 | 8.87 | -38.15 | 7.62 | -44.42 | 4.62 | -42.18 | 0.47 | -12.96 | 34.25 | -9.84 | 85.73 | 5.67 | 84.13 | 5.34 | 15.87 | -21.16 | 0.00 | 0 | 27.33 | -0.62 |
| 2022 (9) | 4.64 | -33.33 | 20.89 | -21.08 | 13.68 | -32.61 | 20.21 | 19.48 | 17.13 | -22.24 | 14.34 | -22.32 | 13.71 | -38.74 | 7.99 | -39.97 | 0.54 | -23.94 | 37.99 | -3.63 | 81.13 | 9.09 | 79.87 | -13.33 | 20.13 | 156.93 | 0.00 | 0 | 27.50 | 11.52 |
| 2021 (8) | 6.96 | 113.5 | 26.47 | 21.03 | 20.30 | 30.97 | 16.91 | -6.81 | 22.03 | 70.51 | 18.46 | 79.4 | 22.38 | 91.28 | 13.31 | 84.35 | 0.71 | 7.58 | 39.42 | 23.92 | 74.37 | 8.73 | 92.15 | -23.2 | 7.84 | 0 | 0.00 | 0 | 24.66 | -5.59 |
| 2020 (7) | 3.26 | -8.17 | 21.87 | 13.32 | 15.50 | 28.31 | 18.15 | -1.1 | 12.92 | -13.29 | 10.29 | -19.04 | 11.70 | -14.6 | 7.22 | -10.75 | 0.66 | 10.0 | 31.81 | -6.8 | 68.40 | -8.27 | 119.98 | 47.96 | -19.95 | 0 | 0.00 | 0 | 26.12 | -12.55 |
| 2019 (6) | 3.55 | 159.12 | 19.30 | 3.99 | 12.08 | 6.34 | 18.35 | 0.42 | 14.90 | 54.4 | 12.71 | 112.9 | 13.70 | 126.45 | 8.09 | 114.02 | 0.60 | 7.14 | 34.13 | 17.93 | 74.57 | -10.53 | 81.09 | -31.19 | 18.91 | 0 | 0.00 | 0 | 29.87 | -1.55 |
| 2018 (5) | 1.37 | -61.62 | 18.56 | 2.88 | 11.36 | -8.97 | 18.27 | 13.09 | 9.65 | 14.2 | 5.97 | -64.61 | 6.05 | -13.45 | 3.78 | -12.3 | 0.56 | 0.0 | 28.94 | 12.08 | 83.35 | 3.12 | 117.85 | -20.3 | -17.79 | 0 | 0.00 | 0 | 30.34 | -7.67 |
| 2017 (4) | 3.57 | 100.56 | 18.04 | -8.93 | 12.48 | 14.81 | 16.16 | -7.95 | 8.45 | -8.65 | 16.87 | 152.92 | 6.99 | -2.78 | 4.31 | -7.51 | 0.56 | -1.75 | 25.82 | -7.12 | 80.83 | -12.44 | 147.85 | 25.74 | -47.79 | 0 | 0.00 | 0 | 32.86 | 13.62 |
| 2016 (3) | 1.78 | -29.92 | 19.81 | -10.12 | 10.87 | -22.69 | 17.55 | 9.53 | 9.25 | -38.78 | 6.67 | -36.42 | 7.19 | -24.79 | 4.66 | -25.91 | 0.57 | 1.79 | 27.80 | -12.88 | 92.31 | 66.35 | 117.59 | 26.38 | -17.53 | 0 | 0.00 | 0 | 28.92 | -3.63 |
| 2015 (2) | 2.54 | -34.37 | 22.04 | -6.37 | 14.06 | -18.11 | 16.03 | 21.36 | 15.11 | -30.66 | 10.49 | -39.82 | 9.56 | -51.72 | 6.29 | -48.53 | 0.56 | -17.65 | 31.91 | -10.49 | 55.49 | -16.58 | 93.04 | 18.09 | 6.96 | -67.2 | 0.00 | 0 | 30.01 | 19.9 |
| 2014 (1) | 3.87 | 40.22 | 23.54 | 0 | 17.17 | 0 | 13.21 | -22.33 | 21.79 | 0 | 17.43 | 0 | 19.80 | 0 | 12.22 | 0 | 0.68 | 4.62 | 35.65 | 1.08 | 66.52 | -1.35 | 78.79 | 24.19 | 21.21 | -41.98 | 0.00 | 0 | 25.03 | -3.06 |
