- 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) | 0.88 | -23.48 | 137.84 | 18.31 | -20.22 | 61.32 | 15.64 | -21.68 | 100.77 | 15.47 | -22.69 | 89.58 | 12.42 | -22.62 | 90.2 | 3.58 | -24.47 | 123.75 | 2.62 | -25.57 | 104.69 | 0.20 | -4.76 | 5.26 | 17.35 | -20.38 | 64.61 | 38.15 | -13.96 | 39.54 | 101.44 | 1.44 | 6.06 | -1.08 | -493.14 | -124.91 | 4.57 | -2.14 | -11.09 |
| 24Q2 (19) | 1.15 | 36.9 | 248.48 | 22.95 | 11.41 | 93.51 | 19.97 | 16.65 | 134.39 | 20.01 | 13.63 | 139.35 | 16.05 | 13.67 | 139.91 | 4.74 | 35.82 | 238.57 | 3.52 | 29.89 | 203.45 | 0.21 | 10.53 | 23.53 | 21.79 | 10.05 | 96.48 | 44.34 | 38.65 | 54.82 | 100.00 | 2.71 | -1.87 | 0.28 | -89.57 | 114.46 | 4.67 | -13.52 | -18.5 |
| 24Q1 (18) | 0.84 | 20.0 | 18.31 | 20.60 | 22.62 | 28.67 | 17.12 | 23.34 | 30.09 | 17.61 | 38.99 | 37.69 | 14.12 | 39.25 | 38.03 | 3.49 | 15.95 | 20.34 | 2.71 | 14.83 | 13.87 | 0.19 | -17.39 | -17.39 | 19.80 | 34.79 | 35.06 | 31.98 | -0.5 | 50.21 | 97.36 | -11.06 | -5.59 | 2.64 | 127.92 | 184.53 | 5.40 | 10.88 | 13.68 |
| 23Q4 (17) | 0.70 | 89.19 | 7.69 | 16.80 | 48.02 | 24.26 | 13.88 | 78.18 | 25.84 | 12.67 | 55.27 | 25.07 | 10.14 | 55.28 | 21.58 | 3.01 | 88.12 | 10.26 | 2.36 | 84.37 | 4.89 | 0.23 | 21.05 | -14.81 | 14.69 | 39.37 | 20.51 | 32.14 | 17.56 | 27.79 | 109.46 | 14.43 | 0.34 | -9.46 | -317.57 | -4.05 | 4.87 | -5.25 | 32.34 |
| 23Q3 (16) | 0.37 | 12.12 | -19.57 | 11.35 | -4.3 | 9.87 | 7.79 | -8.57 | 9.26 | 8.16 | -2.39 | -15.0 | 6.53 | -2.39 | -18.48 | 1.60 | 14.29 | -19.6 | 1.28 | 10.34 | -12.93 | 0.19 | 11.76 | 5.56 | 10.54 | -4.96 | -17.33 | 27.34 | -4.54 | 45.89 | 95.65 | -6.14 | 29.08 | 4.35 | 328.26 | -83.21 | 5.14 | -10.3 | 0.0 |
| 23Q2 (15) | 0.33 | -53.52 | -72.73 | 11.86 | -25.92 | -46.46 | 8.52 | -35.26 | -56.26 | 8.36 | -34.64 | -57.91 | 6.69 | -34.6 | -58.5 | 1.40 | -51.72 | -71.72 | 1.16 | -51.26 | -66.57 | 0.17 | -26.09 | -19.05 | 11.09 | -24.35 | -50.27 | 28.64 | 34.52 | -47.16 | 101.90 | -1.18 | 3.83 | -1.90 | 39.05 | -202.59 | 5.73 | 20.63 | 36.43 |
| 23Q1 (14) | 0.71 | 9.23 | -52.98 | 16.01 | 18.42 | -35.5 | 13.16 | 19.31 | -40.43 | 12.79 | 26.26 | -42.93 | 10.23 | 22.66 | -43.73 | 2.90 | 6.23 | -51.67 | 2.38 | 5.78 | -46.76 | 0.23 | -14.81 | -8.0 | 14.66 | 20.26 | -40.33 | 21.29 | -15.35 | -36.5 | 103.12 | -5.47 | 4.46 | -3.12 | 65.62 | -309.82 | 4.75 | 29.08 | 8.7 |
| 22Q4 (13) | 0.65 | 41.3 | -64.48 | 13.52 | 30.88 | -49.06 | 11.03 | 54.7 | -54.02 | 10.13 | 5.52 | -57.35 | 8.34 | 4.12 | -56.11 | 2.73 | 37.19 | -64.86 | 2.25 | 53.06 | -60.73 | 0.27 | 50.0 | -10.0 | 12.19 | -4.39 | -52.68 | 25.15 | 34.2 | -29.45 | 109.09 | 47.22 | 7.97 | -9.09 | -135.1 | -774.24 | 3.68 | -28.4 | 23.91 |
| 22Q3 (12) | 0.46 | -61.98 | -73.56 | 10.33 | -53.36 | -59.31 | 7.13 | -63.4 | -68.21 | 9.60 | -51.66 | -57.54 | 8.01 | -50.31 | -55.79 | 1.99 | -59.8 | -73.99 | 1.47 | -57.64 | -73.75 | 0.18 | -14.29 | -41.94 | 12.75 | -42.83 | -48.36 | 18.74 | -65.42 | -48.06 | 74.10 | -24.5 | -25.35 | 25.90 | 1294.86 | 3448.2 | 5.14 | 22.38 | 30.79 |
| 22Q2 (11) | 1.21 | -19.87 | -21.43 | 22.15 | -10.76 | -11.58 | 19.48 | -11.82 | -11.33 | 19.86 | -11.38 | -9.4 | 16.12 | -11.33 | -7.73 | 4.95 | -17.5 | -28.88 | 3.47 | -22.37 | -32.75 | 0.21 | -16.0 | -27.59 | 22.30 | -9.24 | -8.42 | 54.20 | 61.65 | 43.96 | 98.14 | -0.59 | -2.06 | 1.86 | 24.67 | 1006.1 | 4.20 | -3.89 | 6.06 |
| 22Q1 (10) | 1.51 | -17.49 | 64.13 | 24.82 | -6.48 | 26.05 | 22.09 | -7.92 | 39.02 | 22.41 | -5.64 | 40.94 | 18.18 | -4.32 | 42.92 | 6.00 | -22.78 | 35.75 | 4.47 | -21.99 | 32.64 | 0.25 | -16.67 | -3.85 | 24.57 | -4.62 | 30.07 | 33.53 | -5.95 | 0.93 | 98.72 | -2.29 | -1.28 | 1.49 | 243.23 | 0 | 4.37 | 47.14 | -5.62 |
| 21Q4 (9) | 1.83 | 5.17 | 369.23 | 26.54 | 4.53 | 94.29 | 23.99 | 6.95 | 105.04 | 23.75 | 5.04 | 204.49 | 19.00 | 4.86 | 204.0 | 7.77 | 1.57 | 300.52 | 5.73 | 2.32 | 279.47 | 0.30 | -3.23 | 25.0 | 25.76 | 4.33 | 119.42 | 35.65 | -1.19 | 16.24 | 101.04 | 1.78 | -32.28 | -1.04 | -242.46 | 97.92 | 2.97 | -24.43 | -10.0 |
| 21Q3 (8) | 1.74 | 12.99 | 241.18 | 25.39 | 1.36 | 72.49 | 22.43 | 2.09 | 113.42 | 22.61 | 3.15 | 112.7 | 18.12 | 3.72 | 108.04 | 7.65 | 9.91 | 197.67 | 5.60 | 8.53 | 190.16 | 0.31 | 6.9 | 40.91 | 24.69 | 1.4 | 66.26 | 36.08 | -4.17 | 22.85 | 99.27 | -0.93 | 0.55 | 0.73 | 456.2 | -42.7 | 3.93 | -0.76 | -23.24 |
| 21Q2 (7) | 1.54 | 67.39 | 148.39 | 25.05 | 27.22 | 38.78 | 21.97 | 38.26 | 62.02 | 21.92 | 37.86 | 63.22 | 17.47 | 37.34 | 67.34 | 6.96 | 57.47 | 125.97 | 5.16 | 53.12 | 119.57 | 0.29 | 11.54 | 31.82 | 24.35 | 28.9 | 37.96 | 37.65 | 13.34 | -7.56 | 100.20 | 0.2 | -0.78 | -0.20 | 0 | 79.3 | 3.96 | -14.47 | 0 |
| 21Q1 (6) | 0.92 | 135.9 | 48.39 | 19.69 | 44.14 | 10.37 | 15.89 | 35.81 | 20.47 | 15.90 | 103.85 | 23.74 | 12.72 | 103.52 | 19.44 | 4.42 | 127.84 | 46.84 | 3.37 | 123.18 | 41.6 | 0.26 | 8.33 | 18.18 | 18.89 | 60.9 | 8.88 | 33.22 | 8.31 | 29.31 | 100.00 | -32.97 | -2.58 | 0.00 | 100.0 | 100.0 | 4.63 | 40.3 | -22.58 |
| 20Q4 (5) | 0.39 | -23.53 | -13.33 | 13.66 | -7.2 | -15.83 | 11.70 | 11.32 | -9.79 | 7.80 | -26.62 | -21.84 | 6.25 | -28.24 | -5.3 | 1.94 | -24.51 | -7.62 | 1.51 | -21.76 | -5.63 | 0.24 | 9.09 | 4.35 | 11.74 | -20.94 | -17.56 | 30.67 | 4.43 | -8.8 | 149.19 | 51.12 | 14.93 | -50.00 | -4025.0 | -67.71 | 3.30 | -35.55 | -24.49 |
| 20Q3 (4) | 0.51 | -17.74 | 0.0 | 14.72 | -18.45 | 0.0 | 10.51 | -22.49 | 0.0 | 10.63 | -20.85 | 0.0 | 8.71 | -16.57 | 0.0 | 2.57 | -16.56 | 0.0 | 1.93 | -17.87 | 0.0 | 0.22 | 0.0 | 0.0 | 14.85 | -15.86 | 0.0 | 29.37 | -27.89 | 0.0 | 98.73 | -2.24 | 0.0 | 1.27 | 228.66 | 0.0 | 5.12 | 0 | 0.0 |
| 20Q2 (3) | 0.62 | 0.0 | 0.0 | 18.05 | 1.18 | 0.0 | 13.56 | 2.81 | 0.0 | 13.43 | 4.51 | 0.0 | 10.44 | -1.97 | 0.0 | 3.08 | 2.33 | 0.0 | 2.35 | -1.26 | 0.0 | 0.22 | 0.0 | 0.0 | 17.65 | 1.73 | 0.0 | 40.73 | 58.54 | 0.0 | 100.99 | -1.61 | 0.0 | -0.99 | 62.57 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.62 | 37.78 | 0.0 | 17.84 | 9.92 | 0.0 | 13.19 | 1.7 | 0.0 | 12.85 | 28.76 | 0.0 | 10.65 | 61.36 | 0.0 | 3.01 | 43.33 | 0.0 | 2.38 | 48.75 | 0.0 | 0.22 | -4.35 | 0.0 | 17.35 | 21.84 | 0.0 | 25.69 | -23.61 | 0.0 | 102.65 | -20.93 | 0.0 | -2.65 | 91.13 | 0.0 | 5.98 | 36.84 | 0.0 |
| 19Q4 (1) | 0.45 | 0.0 | 0.0 | 16.23 | 0.0 | 0.0 | 12.97 | 0.0 | 0.0 | 9.98 | 0.0 | 0.0 | 6.60 | 0.0 | 0.0 | 2.10 | 0.0 | 0.0 | 1.60 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 14.24 | 0.0 | 0.0 | 33.63 | 0.0 | 0.0 | 129.81 | 0.0 | 0.0 | -29.81 | 0.0 | 0.0 | 4.37 | 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) | 2.11 | -44.91 | 14.33 | -21.74 | 11.19 | -28.08 | 1.98 | -14.85 | 10.80 | -32.5 | 8.64 | -33.84 | 8.83 | -44.08 | 7.00 | -42.43 | 0.79 | -15.05 | 13.00 | -29.35 | 32.14 | 27.79 | 103.75 | 6.63 | -3.60 | 0 | 0.03 | -3.69 | 5.07 | 18.18 |
| 2022 (9) | 3.83 | -36.48 | 18.31 | -25.11 | 15.56 | -27.29 | 2.32 | 3.51 | 16.00 | -25.13 | 13.06 | -23.58 | 15.79 | -41.3 | 12.16 | -39.89 | 0.93 | -21.19 | 18.40 | -22.33 | 25.15 | -29.45 | 97.30 | -2.85 | 2.70 | 0 | 0.03 | 9.9 | 4.29 | 12.3 |
| 2021 (8) | 6.03 | 181.78 | 24.45 | 52.53 | 21.40 | 74.84 | 2.24 | -43.8 | 21.37 | 92.0 | 17.09 | 90.52 | 26.90 | 155.22 | 20.23 | 149.45 | 1.18 | 32.58 | 23.69 | 54.43 | 35.65 | 16.24 | 100.16 | -8.92 | -0.16 | 0 | 0.02 | -19.49 | 3.82 | -21.88 |
| 2020 (7) | 2.14 | 36.31 | 16.03 | 6.72 | 12.24 | 9.29 | 3.99 | -16.63 | 11.13 | 10.42 | 8.97 | 21.05 | 10.54 | 42.05 | 8.11 | 39.11 | 0.89 | 18.67 | 15.34 | 0.26 | 30.67 | -8.8 | 109.97 | -1.12 | -9.97 | 0 | 0.03 | -32.25 | 4.89 | -10.28 |
| 2019 (6) | 1.57 | -46.42 | 15.02 | -22.78 | 11.20 | -28.21 | 4.79 | 25.54 | 10.08 | -33.64 | 7.41 | -36.99 | 7.42 | -46.27 | 5.83 | -42.9 | 0.75 | -10.71 | 15.30 | -21.42 | 33.63 | 4.34 | 111.22 | 8.25 | -11.22 | 0 | 0.04 | 2.29 | 5.45 | 19.26 |
| 2018 (5) | 2.93 | -41.63 | 19.45 | -23.9 | 15.60 | -24.96 | 3.81 | -13.26 | 15.19 | -22.34 | 11.76 | -28.38 | 13.81 | -52.15 | 10.21 | -38.83 | 0.84 | -14.29 | 19.47 | -21.33 | 32.23 | -30.7 | 102.74 | -3.31 | -2.74 | 0 | 0.04 | 0 | 4.57 | -14.1 |
| 2017 (4) | 5.02 | 64.59 | 25.56 | 37.64 | 20.79 | 52.08 | 4.40 | -20.91 | 19.56 | 62.19 | 16.42 | 48.46 | 28.86 | -7.74 | 16.69 | 38.51 | 0.98 | -2.97 | 24.75 | 32.35 | 46.51 | -70.86 | 106.25 | -6.14 | -6.25 | 0 | 0.00 | 0 | 5.32 | -16.61 |
| 2016 (3) | 3.05 | 0 | 18.57 | 408.77 | 13.67 | 0 | 5.56 | -28.79 | 12.06 | 0 | 11.06 | 0 | 31.28 | 0 | 12.05 | 0 | 1.01 | 20.24 | 18.70 | 509.12 | 159.62 | -23.44 | 113.21 | 109.89 | -13.36 | 0 | 0.00 | 0 | 6.38 | 0.79 |
| 2015 (2) | -0.96 | 0 | 3.65 | 0 | -3.21 | 0 | 7.81 | -2.65 | -5.97 | 0 | -5.58 | 0 | -13.71 | 0 | -3.86 | 0 | 0.84 | 7.69 | 3.07 | 169.3 | 208.50 | 18.36 | 53.94 | -36.47 | 46.46 | 214.32 | 0.00 | 0 | 6.33 | 4.28 |
| 2014 (1) | -1.42 | 0 | -1.23 | 0 | -6.86 | 0 | 8.02 | 2.21 | -8.06 | 0 | -7.91 | 0 | -15.79 | 0 | -5.42 | 0 | 0.78 | 0.0 | 1.14 | -79.53 | 176.16 | 28.91 | 84.91 | 31.22 | 14.78 | -58.12 | 0.00 | 0 | 6.07 | 9.57 |
