- 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) | 0.44 | -8.33 | 15.79 | 11.21 | -12.22 | 0.18 | 8.78 | -13.24 | 4.15 | 8.61 | -12.68 | 7.36 | 6.83 | -11.53 | 7.56 | 3.32 | -2.92 | 13.31 | 1.46 | -2.01 | 7.35 | 0.21 | 10.53 | 0.0 | 14.21 | -12.23 | -2.74 | 138.45 | 3.5 | 12.08 | 101.75 | -1.12 | -3.23 | -1.75 | 24.56 | 65.91 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.48 | 45.45 | -15.79 | 12.77 | 27.45 | 1.51 | 10.12 | 37.87 | 0.2 | 9.86 | 41.87 | -2.67 | 7.72 | 41.13 | -4.57 | 3.42 | 41.32 | -16.79 | 1.49 | 35.45 | -18.13 | 0.19 | 0.0 | -13.64 | 16.19 | 21.0 | 0.25 | 133.77 | -3.78 | 7.45 | 102.91 | -2.77 | 2.91 | -2.33 | 60.13 | -525.58 | 2.45 | -20.2 | 6.52 |
| 24Q1 (18) | 0.33 | -45.0 | -10.81 | 10.02 | -33.47 | -4.93 | 7.34 | -41.51 | 4.86 | 6.95 | -44.0 | 0.87 | 5.47 | -44.64 | -0.18 | 2.42 | -45.86 | -9.36 | 1.10 | -46.34 | -7.56 | 0.19 | -5.0 | -9.52 | 13.38 | -28.98 | 2.53 | 139.02 | 11.64 | -1.79 | 105.83 | 4.86 | 4.08 | -5.83 | -527.08 | -247.08 | 3.07 | 35.24 | 30.08 |
| 23Q4 (17) | 0.60 | 57.89 | 0.0 | 15.06 | 34.58 | 19.15 | 12.55 | 48.87 | 20.67 | 12.41 | 54.74 | 18.76 | 9.88 | 55.59 | 17.06 | 4.47 | 52.56 | 1.36 | 2.05 | 50.74 | 1.49 | 0.20 | -4.76 | -13.04 | 18.84 | 28.95 | 18.05 | 124.52 | 0.8 | 0.07 | 100.93 | -4.01 | 1.46 | -0.93 | 81.93 | -278.6 | 2.27 | -2.58 | 10.19 |
| 23Q3 (16) | 0.38 | -33.33 | -25.49 | 11.19 | -11.05 | -5.97 | 8.43 | -16.53 | -11.08 | 8.02 | -20.83 | -15.22 | 6.35 | -21.51 | -16.12 | 2.93 | -28.71 | -25.26 | 1.36 | -25.27 | -24.86 | 0.21 | -4.55 | -12.5 | 14.61 | -9.54 | -3.18 | 123.53 | -0.78 | 2.58 | 105.15 | 5.15 | 4.51 | -5.15 | -1041.91 | 0 | 2.33 | 1.3 | -0.43 |
| 23Q2 (15) | 0.57 | 54.05 | -9.52 | 12.58 | 19.35 | 9.2 | 10.10 | 44.29 | 8.84 | 10.13 | 47.02 | 9.75 | 8.09 | 47.63 | 9.77 | 4.11 | 53.93 | -5.52 | 1.82 | 52.94 | -6.67 | 0.22 | 4.76 | -15.38 | 16.15 | 23.75 | 14.05 | 124.50 | -12.05 | 4.0 | 100.00 | -1.65 | -0.56 | 0.55 | 132.51 | 196.72 | 2.30 | -2.54 | 7.98 |
| 23Q1 (14) | 0.37 | -38.33 | -17.78 | 10.54 | -16.61 | 6.68 | 7.00 | -32.69 | -6.79 | 6.89 | -34.07 | -7.14 | 5.48 | -35.07 | -7.43 | 2.67 | -39.46 | -17.34 | 1.19 | -41.09 | -17.36 | 0.21 | -8.7 | -12.5 | 13.05 | -18.23 | 2.11 | 141.55 | 13.76 | 8.23 | 101.68 | 2.21 | 0.89 | -1.68 | -422.69 | -7.56 | 2.36 | 14.56 | -0.84 |
| 22Q4 (13) | 0.60 | 17.65 | 5.26 | 12.64 | 6.22 | 4.64 | 10.40 | 9.7 | 7.55 | 10.45 | 10.47 | 8.74 | 8.44 | 11.49 | 10.47 | 4.41 | 12.5 | 5.0 | 2.02 | 11.6 | 7.45 | 0.23 | -4.17 | -4.17 | 15.96 | 5.77 | 6.33 | 124.43 | 3.33 | -1.49 | 99.48 | -1.12 | -1.13 | 0.52 | 0 | 184.37 | 2.06 | -11.97 | -1.9 |
| 22Q3 (12) | 0.51 | -19.05 | -8.93 | 11.90 | 3.3 | 2.32 | 9.48 | 2.16 | 4.06 | 9.46 | 2.49 | -0.94 | 7.57 | 2.71 | -0.92 | 3.92 | -9.89 | -7.98 | 1.81 | -7.18 | -3.72 | 0.24 | -7.69 | 0.0 | 15.09 | 6.57 | 1.41 | 120.42 | 0.59 | -4.42 | 100.61 | 0.04 | 6.01 | 0.00 | 100.0 | -100.0 | 2.34 | 9.86 | 1.3 |
| 22Q2 (11) | 0.63 | 40.0 | 0.0 | 11.52 | 16.6 | -4.0 | 9.28 | 23.57 | -5.21 | 9.23 | 24.39 | -3.55 | 7.37 | 24.49 | -3.28 | 4.35 | 34.67 | -2.03 | 1.95 | 35.42 | 0.52 | 0.26 | 8.33 | 4.0 | 14.16 | 10.8 | -4.65 | 119.71 | -8.47 | -7.99 | 100.56 | -0.21 | -1.9 | -0.56 | 63.84 | 77.54 | 2.13 | -10.5 | -4.48 |
| 22Q1 (10) | 0.45 | -21.05 | -11.76 | 9.88 | -18.21 | -13.33 | 7.51 | -22.34 | -15.62 | 7.42 | -22.79 | -13.82 | 5.92 | -22.51 | -13.32 | 3.23 | -23.1 | -12.7 | 1.44 | -23.4 | -11.11 | 0.24 | 0.0 | 4.35 | 12.78 | -14.86 | -10.06 | 130.79 | 3.55 | -0.4 | 100.78 | 0.16 | -2.23 | -1.56 | -153.13 | 49.22 | 2.38 | 13.33 | 2.59 |
| 21Q4 (9) | 0.57 | 1.79 | 5.56 | 12.08 | 3.87 | 11.23 | 9.67 | 6.15 | 13.76 | 9.61 | 0.63 | 9.33 | 7.64 | 0.0 | 7.45 | 4.20 | -1.41 | 3.45 | 1.88 | 0.0 | 2.17 | 0.24 | 0.0 | -7.69 | 15.01 | 0.87 | 5.78 | 126.31 | 0.25 | -2.32 | 100.62 | 6.02 | 3.71 | -0.62 | -113.84 | -120.68 | 2.10 | -9.09 | -3.23 |
| 21Q3 (8) | 0.56 | -11.11 | 40.0 | 11.63 | -3.08 | 19.04 | 9.11 | -6.95 | 27.95 | 9.55 | -0.21 | 34.32 | 7.64 | 0.26 | 34.74 | 4.26 | -4.05 | 36.54 | 1.88 | -3.09 | 28.77 | 0.24 | -4.0 | -4.0 | 14.88 | 0.2 | 17.17 | 125.99 | -3.16 | 6.72 | 94.90 | -7.42 | -5.1 | 4.46 | 277.23 | 0 | 2.31 | 3.59 | -15.69 |
| 21Q2 (7) | 0.63 | 23.53 | -4.55 | 12.00 | 5.26 | 16.5 | 9.79 | 10.0 | 22.99 | 9.57 | 11.15 | 1.27 | 7.62 | 11.57 | -3.05 | 4.44 | 20.0 | -4.31 | 1.94 | 19.75 | -11.01 | 0.25 | 8.7 | -7.41 | 14.85 | 4.5 | 1.5 | 130.10 | -0.93 | 13.59 | 102.52 | -0.54 | 21.31 | -2.52 | 18.24 | -116.24 | 2.23 | -3.88 | 0 |
| 21Q1 (6) | 0.51 | -5.56 | 0.0 | 11.40 | 4.97 | 42.5 | 8.90 | 4.71 | 44.72 | 8.61 | -2.05 | 40.92 | 6.83 | -3.94 | 39.67 | 3.70 | -8.87 | 1.37 | 1.62 | -11.96 | -4.71 | 0.23 | -11.54 | -32.35 | 14.21 | 0.14 | 39.45 | 131.32 | 1.55 | 14.32 | 103.08 | 6.25 | 2.19 | -3.08 | -203.08 | -253.85 | 2.32 | 6.91 | 23.4 |
| 20Q4 (5) | 0.54 | 35.0 | -15.62 | 10.86 | 11.16 | 16.52 | 8.50 | 19.38 | 14.86 | 8.79 | 23.63 | 18.78 | 7.11 | 25.4 | 20.1 | 4.06 | 30.13 | -15.24 | 1.84 | 26.03 | -15.98 | 0.26 | 4.0 | -29.73 | 14.19 | 11.73 | 26.25 | 129.31 | 9.53 | 9.65 | 97.01 | -2.99 | -2.99 | 2.99 | 0 | 0 | 2.17 | -20.8 | 32.32 |
| 20Q3 (4) | 0.40 | -39.39 | 0.0 | 9.77 | -5.15 | 0.0 | 7.12 | -10.55 | 0.0 | 7.11 | -24.76 | 0.0 | 5.67 | -27.86 | 0.0 | 3.12 | -32.76 | 0.0 | 1.46 | -33.03 | 0.0 | 0.25 | -7.41 | 0.0 | 12.70 | -13.19 | 0.0 | 118.06 | 3.08 | 0.0 | 100.00 | 18.33 | 0.0 | 0.00 | -100.0 | 0.0 | 2.74 | 0 | 0.0 |
| 20Q2 (3) | 0.66 | 29.41 | 0.0 | 10.30 | 28.75 | 0.0 | 7.96 | 29.43 | 0.0 | 9.45 | 54.66 | 0.0 | 7.86 | 60.74 | 0.0 | 4.64 | 27.12 | 0.0 | 2.18 | 28.24 | 0.0 | 0.27 | -20.59 | 0.0 | 14.63 | 43.57 | 0.0 | 114.53 | -0.3 | 0.0 | 84.51 | -16.22 | 0.0 | 15.49 | 1881.69 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.51 | -20.31 | 0.0 | 8.00 | -14.16 | 0.0 | 6.15 | -16.89 | 0.0 | 6.11 | -17.43 | 0.0 | 4.89 | -17.4 | 0.0 | 3.65 | -23.8 | 0.0 | 1.70 | -22.37 | 0.0 | 0.34 | -8.11 | 0.0 | 10.19 | -9.34 | 0.0 | 114.87 | -2.59 | 0.0 | 100.87 | 0.87 | 0.0 | -0.87 | 0 | 0.0 | 1.88 | 14.63 | 0.0 |
| 19Q4 (1) | 0.64 | 0.0 | 0.0 | 9.32 | 0.0 | 0.0 | 7.40 | 0.0 | 0.0 | 7.40 | 0.0 | 0.0 | 5.92 | 0.0 | 0.0 | 4.79 | 0.0 | 0.0 | 2.19 | 0.0 | 0.0 | 0.37 | 0.0 | 0.0 | 11.24 | 0.0 | 0.0 | 117.93 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | -0.00 | 0.0 | 0.0 | 1.64 | 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) | 1.83 | -11.17 | 12.35 | 7.39 | 9.53 | 3.7 | 5.99 | 14.44 | 9.38 | 2.4 | 7.47 | 1.77 | 13.84 | -12.24 | 6.37 | -10.41 | 0.83 | -12.63 | 15.68 | 7.91 | 124.52 | 0.07 | 101.68 | 1.23 | -1.68 | 0 | 0.00 | 0 | 2.32 | 4.5 |
| 2022 (9) | 2.06 | -4.63 | 11.50 | -2.46 | 9.19 | -2.03 | 5.24 | -1.17 | 9.16 | -2.03 | 7.34 | -1.48 | 15.77 | -4.37 | 7.11 | -2.87 | 0.95 | -2.06 | 14.53 | -1.49 | 124.43 | -1.49 | 100.45 | 0.12 | -0.30 | 0 | 0.00 | 0 | 2.22 | -0.89 |
| 2021 (8) | 2.16 | 11.92 | 11.79 | 22.43 | 9.38 | 27.45 | 5.30 | 7.9 | 9.35 | 23.84 | 7.45 | 22.53 | 16.49 | 11.49 | 7.32 | 9.75 | 0.97 | -11.01 | 14.75 | 17.72 | 126.31 | -2.32 | 100.33 | 2.91 | -0.33 | 0 | 0.00 | 0 | 2.24 | -0.44 |
| 2020 (7) | 1.93 | -13.45 | 9.63 | 20.83 | 7.36 | 20.46 | 4.91 | 38.16 | 7.55 | 24.38 | 6.08 | 25.1 | 14.79 | -13.41 | 6.67 | -16.31 | 1.09 | -33.13 | 12.53 | 29.44 | 129.31 | 9.65 | 97.49 | -3.08 | 2.51 | 0 | 0.00 | 0 | 2.25 | 34.73 |
| 2019 (6) | 2.23 | 12.06 | 7.97 | 3.91 | 6.11 | 7.76 | 3.55 | -8.05 | 6.07 | 7.24 | 4.86 | 7.05 | 17.08 | 10.26 | 7.97 | 9.03 | 1.63 | 1.87 | 9.68 | 1.04 | 117.93 | 3.19 | 100.60 | 0.35 | -0.60 | 0 | 0.00 | 0 | 1.67 | -5.11 |
| 2018 (5) | 1.99 | 13.71 | 7.67 | -0.78 | 5.67 | 3.85 | 3.86 | -14.35 | 5.66 | 4.81 | 4.54 | 1.57 | 15.49 | 11.2 | 7.31 | 8.78 | 1.60 | 8.11 | 9.58 | -4.1 | 114.28 | 0.36 | 100.24 | -0.98 | -0.24 | 0 | 0.00 | 0 | 1.76 | -7.85 |
| 2017 (4) | 1.75 | 26.81 | 7.73 | 5.03 | 5.46 | 10.08 | 4.51 | -14.44 | 5.40 | 9.31 | 4.47 | 10.37 | 13.93 | 24.04 | 6.72 | 20.0 | 1.48 | 9.63 | 9.99 | -3.01 | 113.87 | 7.55 | 101.23 | 0.41 | -0.93 | 0 | 0.00 | 0 | 1.91 | -13.57 |
| 2016 (3) | 1.38 | -8.61 | 7.36 | 9.85 | 4.96 | 3.12 | 5.27 | 22.23 | 4.94 | 5.56 | 4.05 | 4.92 | 11.23 | -9.58 | 5.60 | -9.53 | 1.35 | -14.56 | 10.30 | 13.44 | 105.88 | 1.99 | 100.82 | -1.53 | -0.41 | 0 | 0.00 | 0 | 2.21 | 13.33 |
| 2015 (2) | 1.51 | -28.44 | 6.70 | -2.19 | 4.81 | -9.25 | 4.31 | 21.03 | 4.68 | -10.86 | 3.86 | -11.47 | 12.42 | -27.58 | 6.19 | -26.22 | 1.58 | -16.4 | 9.08 | 2.14 | 103.81 | -0.07 | 102.39 | 1.42 | -2.79 | 0 | 0.00 | 0 | 1.95 | 22.64 |
| 2014 (1) | 2.11 | 6.03 | 6.85 | 0 | 5.30 | 0 | 3.56 | 2.71 | 5.25 | 0 | 4.36 | 0 | 17.15 | 0 | 8.39 | 0 | 1.89 | -3.08 | 8.89 | 6.21 | 103.88 | -7.85 | 100.95 | -0.16 | -0.95 | 0 | 0.00 | 0 | 1.59 | -2.45 |
