- 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) | 1.13 | -4.24 | 31.4 | 14.20 | -4.12 | 14.24 | 10.35 | -6.17 | 22.92 | 10.41 | -4.58 | 19.52 | 8.38 | -5.63 | 17.04 | 4.60 | -3.16 | 27.07 | 2.51 | -3.83 | 32.8 | 0.28 | 0.0 | 12.0 | 17.31 | -3.89 | 0.64 | 87.34 | -12.4 | -12.81 | 99.44 | -1.63 | 2.95 | 0.56 | 151.83 | -83.52 | 5.73 | 6.31 | -4.34 |
| 24Q2 (19) | 1.18 | 0.0 | 29.67 | 14.81 | -12.37 | 17.45 | 11.03 | -12.67 | 20.94 | 10.91 | -13.28 | 23.14 | 8.88 | -12.08 | 23.68 | 4.75 | 2.81 | 24.67 | 2.61 | 1.95 | 30.5 | 0.28 | 16.67 | 7.69 | 18.01 | -13.95 | 6.95 | 99.70 | 21.93 | -11.37 | 101.08 | 0.81 | -1.65 | -1.08 | -301.08 | 65.31 | 5.39 | -15.78 | 1.13 |
| 24Q1 (18) | 1.18 | 35.63 | 59.46 | 16.90 | 25.93 | 43.95 | 12.63 | 36.98 | 60.48 | 12.58 | 40.4 | 64.66 | 10.10 | 40.08 | 65.3 | 4.62 | 28.69 | 55.03 | 2.56 | 31.96 | 56.1 | 0.24 | -4.0 | 0.0 | 20.93 | 19.74 | 29.36 | 81.77 | -14.14 | -17.65 | 100.27 | -2.55 | -2.67 | -0.27 | 90.68 | 91.04 | 6.40 | 4.4 | 9.97 |
| 23Q4 (17) | 0.87 | 1.16 | 52.63 | 13.42 | 7.96 | 22.78 | 9.22 | 9.5 | 40.55 | 8.96 | 2.87 | 42.68 | 7.21 | 0.7 | 45.07 | 3.59 | -0.83 | 54.74 | 1.94 | 2.65 | 52.76 | 0.25 | 0.0 | 8.7 | 17.48 | 1.63 | 13.43 | 95.24 | -4.92 | -5.23 | 102.90 | 6.53 | -1.58 | -2.90 | -185.02 | 36.23 | 6.13 | 2.34 | -5.98 |
| 23Q3 (16) | 0.86 | -5.49 | 0.0 | 12.43 | -1.43 | 4.72 | 8.42 | -7.68 | 10.07 | 8.71 | -1.69 | -5.43 | 7.16 | -0.28 | -6.77 | 3.62 | -4.99 | -1.36 | 1.89 | -5.5 | 5.0 | 0.25 | -3.85 | 13.64 | 17.20 | 2.14 | -3.91 | 100.17 | -10.95 | -7.97 | 96.59 | -6.02 | 16.09 | 3.41 | 209.09 | -79.7 | 5.99 | 12.38 | -3.23 |
| 23Q2 (15) | 0.91 | 22.97 | 5.81 | 12.61 | 7.41 | -0.08 | 9.12 | 15.88 | 1.79 | 8.86 | 15.97 | 0.0 | 7.18 | 17.51 | 1.7 | 3.81 | 27.85 | 6.13 | 2.00 | 21.95 | 15.61 | 0.26 | 8.33 | 13.04 | 16.84 | 4.08 | -0.18 | 112.49 | 13.28 | -10.73 | 102.78 | -0.23 | 1.64 | -3.12 | -3.57 | -180.21 | 5.33 | -8.42 | -6.82 |
| 23Q1 (14) | 0.74 | 29.82 | -1.33 | 11.74 | 7.41 | -7.78 | 7.87 | 19.97 | -8.7 | 7.64 | 21.66 | -9.91 | 6.11 | 22.94 | -10.15 | 2.98 | 28.45 | -2.61 | 1.64 | 29.13 | 8.61 | 0.24 | 4.35 | 14.29 | 16.18 | 5.0 | -6.31 | 99.30 | -1.19 | -10.91 | 103.02 | -1.46 | 1.29 | -3.02 | 33.62 | -76.51 | 5.82 | -10.74 | -10.19 |
| 22Q4 (13) | 0.57 | -33.72 | -20.83 | 10.93 | -7.92 | -14.81 | 6.56 | -14.25 | -21.9 | 6.28 | -31.81 | -25.24 | 4.97 | -35.29 | -26.26 | 2.32 | -36.78 | -26.58 | 1.27 | -29.44 | -13.61 | 0.23 | 4.55 | 9.52 | 15.41 | -13.91 | -9.35 | 100.50 | -7.66 | -15.8 | 104.55 | 25.65 | 4.55 | -4.55 | -127.06 | 0 | 6.52 | 5.33 | 2.52 |
| 22Q3 (12) | 0.86 | 0.0 | 32.31 | 11.87 | -5.94 | 3.04 | 7.65 | -14.62 | 6.69 | 9.21 | 3.95 | 23.13 | 7.68 | 8.78 | 26.52 | 3.67 | 2.23 | 27.87 | 1.80 | 4.05 | 38.46 | 0.22 | -4.35 | 10.0 | 17.90 | 6.11 | 12.16 | 108.84 | -13.63 | -16.66 | 83.20 | -17.71 | -13.38 | 16.80 | 1606.12 | 326.22 | 6.19 | 8.22 | -2.98 |
| 22Q2 (11) | 0.86 | 14.67 | 24.64 | 12.62 | -0.86 | 4.82 | 8.96 | 3.94 | 15.32 | 8.86 | 4.48 | 12.87 | 7.06 | 3.82 | 9.63 | 3.59 | 17.32 | 18.87 | 1.73 | 14.57 | 27.21 | 0.23 | 9.52 | 15.0 | 16.87 | -2.32 | 4.33 | 126.01 | 13.05 | -7.73 | 101.12 | -0.58 | 2.57 | -1.12 | 34.76 | -218.22 | 5.72 | -11.73 | -12.8 |
| 22Q1 (10) | 0.75 | 4.17 | -5.06 | 12.73 | -0.78 | -10.42 | 8.62 | 2.62 | -12.75 | 8.48 | 0.95 | -12.31 | 6.80 | 0.89 | -11.57 | 3.06 | -3.16 | -12.57 | 1.51 | 2.72 | -4.43 | 0.21 | 0.0 | 10.53 | 17.27 | 1.59 | -3.73 | 111.46 | -6.62 | -14.58 | 101.71 | 1.71 | -0.28 | -1.71 | 0 | 14.19 | 6.48 | 1.89 | -4.42 |
| 21Q4 (9) | 0.72 | 10.77 | -7.69 | 12.83 | 11.37 | -10.28 | 8.40 | 17.15 | -15.41 | 8.40 | 12.3 | -11.86 | 6.74 | 11.04 | -11.08 | 3.16 | 10.1 | -13.42 | 1.47 | 13.08 | -13.53 | 0.21 | 5.0 | 0.0 | 17.00 | 6.52 | -4.66 | 119.36 | -8.61 | -12.82 | 100.00 | 4.1 | -4.2 | 0.00 | -100.0 | 100.0 | 6.36 | -0.31 | -3.2 |
| 21Q3 (8) | 0.65 | -5.8 | -22.62 | 11.52 | -4.32 | -25.68 | 7.17 | -7.72 | -34.82 | 7.48 | -4.71 | -32.25 | 6.07 | -5.75 | -31.72 | 2.87 | -4.97 | -29.31 | 1.30 | -4.41 | -31.94 | 0.20 | 0.0 | 0.0 | 15.96 | -1.3 | -20.56 | 130.60 | -4.37 | 12.9 | 96.06 | -2.56 | -3.58 | 3.94 | 317.73 | 944.33 | 6.38 | -2.74 | -8.86 |
| 21Q2 (7) | 0.69 | -12.66 | -15.85 | 12.04 | -15.27 | -17.53 | 7.77 | -21.36 | -24.85 | 7.85 | -18.82 | -23.19 | 6.44 | -16.25 | -22.13 | 3.02 | -13.71 | -21.96 | 1.36 | -13.92 | -24.02 | 0.20 | 5.26 | -4.76 | 16.17 | -9.87 | -14.76 | 136.57 | 4.67 | 4.61 | 98.58 | -3.34 | -2.57 | 0.94 | 147.36 | 179.56 | 6.56 | -3.24 | 2.34 |
| 21Q1 (6) | 0.79 | 1.28 | 27.42 | 14.21 | -0.63 | 16.19 | 9.88 | -0.5 | 30.69 | 9.67 | 1.47 | 33.75 | 7.69 | 1.45 | 21.87 | 3.50 | -4.11 | 21.53 | 1.58 | -7.06 | 13.67 | 0.19 | -9.52 | -9.52 | 17.94 | 0.62 | 13.11 | 130.48 | -4.7 | 6.89 | 101.99 | -2.29 | -2.39 | -1.99 | 54.55 | 55.68 | 6.78 | 3.2 | 2.57 |
| 20Q4 (5) | 0.78 | -7.14 | 9.86 | 14.30 | -7.74 | -6.04 | 9.93 | -9.73 | -1.59 | 9.53 | -13.68 | 4.38 | 7.58 | -14.74 | 4.99 | 3.65 | -10.1 | 6.41 | 1.70 | -10.99 | 4.94 | 0.21 | 5.0 | 0.0 | 17.83 | -11.25 | 1.02 | 136.91 | 18.35 | 13.15 | 104.38 | 4.78 | -5.56 | -4.38 | -1261.35 | 58.37 | 6.57 | -6.14 | 0.46 |
| 20Q3 (4) | 0.84 | 2.44 | 0.0 | 15.50 | 6.16 | 0.0 | 11.00 | 6.38 | 0.0 | 11.04 | 8.02 | 0.0 | 8.89 | 7.5 | 0.0 | 4.06 | 4.91 | 0.0 | 1.91 | 6.7 | 0.0 | 0.20 | -4.76 | 0.0 | 20.09 | 5.9 | 0.0 | 115.68 | -11.39 | 0.0 | 99.62 | -1.54 | 0.0 | 0.38 | 131.82 | 0.0 | 7.00 | 9.2 | 0.0 |
| 20Q2 (3) | 0.82 | 32.26 | 0.0 | 14.60 | 19.38 | 0.0 | 10.34 | 36.77 | 0.0 | 10.22 | 41.36 | 0.0 | 8.27 | 31.06 | 0.0 | 3.87 | 34.38 | 0.0 | 1.79 | 28.78 | 0.0 | 0.21 | 0.0 | 0.0 | 18.97 | 19.61 | 0.0 | 130.55 | 6.95 | 0.0 | 101.19 | -3.17 | 0.0 | -1.19 | 73.62 | 0.0 | 6.41 | -3.03 | 0.0 |
| 20Q1 (2) | 0.62 | -12.68 | 0.0 | 12.23 | -19.65 | 0.0 | 7.56 | -25.07 | 0.0 | 7.23 | -20.81 | 0.0 | 6.31 | -12.6 | 0.0 | 2.88 | -16.03 | 0.0 | 1.39 | -14.2 | 0.0 | 0.21 | 0.0 | 0.0 | 15.86 | -10.14 | 0.0 | 122.07 | 0.88 | 0.0 | 104.49 | -5.46 | 0.0 | -4.49 | 57.3 | 0.0 | 6.61 | 1.07 | 0.0 |
| 19Q4 (1) | 0.71 | 0.0 | 0.0 | 15.22 | 0.0 | 0.0 | 10.09 | 0.0 | 0.0 | 9.13 | 0.0 | 0.0 | 7.22 | 0.0 | 0.0 | 3.43 | 0.0 | 0.0 | 1.62 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 17.65 | 0.0 | 0.0 | 121.00 | 0.0 | 0.0 | 110.53 | 0.0 | 0.0 | -10.53 | 0.0 | 0.0 | 6.54 | 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) | 3.38 | 11.18 | 12.55 | 4.15 | 8.67 | 8.78 | 7.51 | -5.32 | 8.55 | 4.01 | 6.92 | 4.37 | 13.84 | 10.9 | 7.55 | 18.71 | 1.01 | 12.22 | 16.93 | 0.36 | 95.24 | -5.23 | 101.32 | 4.45 | -1.42 | 0 | 0.07 | -0.03 | 5.81 | -6.59 |
| 2022 (9) | 3.04 | 6.29 | 12.05 | -4.59 | 7.97 | -3.86 | 7.93 | 1.24 | 8.22 | -1.44 | 6.63 | -1.34 | 12.48 | -0.32 | 6.36 | 9.84 | 0.90 | 9.76 | 16.87 | 0.72 | 100.50 | -15.8 | 97.01 | -2.45 | 3.10 | 457.05 | 0.07 | 185.41 | 6.22 | -4.6 |
| 2021 (8) | 2.86 | -6.84 | 12.63 | -10.74 | 8.29 | -14.54 | 7.84 | -1.85 | 8.34 | -12.21 | 6.72 | -13.29 | 12.52 | -11.58 | 5.79 | -11.06 | 0.82 | 2.5 | 16.75 | -7.82 | 119.36 | -12.82 | 99.44 | -2.71 | 0.56 | 0 | 0.02 | 51.15 | 6.52 | -1.81 |
| 2020 (7) | 3.07 | -6.4 | 14.15 | -13.4 | 9.70 | -15.58 | 7.98 | 5.99 | 9.50 | -14.34 | 7.75 | -11.02 | 14.16 | -11.28 | 6.51 | -20.51 | 0.80 | -11.11 | 18.17 | -6.1 | 136.91 | 13.15 | 102.22 | -1.34 | -2.22 | 0 | 0.02 | 0 | 6.64 | -2.92 |
| 2019 (6) | 3.28 | -2.38 | 16.34 | -1.33 | 11.49 | -1.37 | 7.53 | 84.39 | 11.09 | -5.05 | 8.71 | -5.63 | 15.96 | -11.14 | 8.19 | -19.15 | 0.90 | -16.67 | 19.35 | 19.52 | 121.00 | 39.13 | 103.61 | 3.8 | -3.61 | 0 | 0.00 | 0 | 6.84 | 1.63 |
| 2018 (5) | 3.36 | -0.3 | 16.56 | -8.96 | 11.65 | -7.17 | 4.08 | -6.66 | 11.68 | -10.02 | 9.23 | -14.85 | 17.96 | 0.06 | 10.13 | -6.46 | 1.08 | 10.2 | 16.19 | -8.01 | 86.97 | 17.04 | 99.81 | 3.21 | 0.28 | -91.53 | 0.00 | 0 | 6.73 | -12.14 |
| 2017 (4) | 3.37 | 24.35 | 18.19 | 12.01 | 12.55 | 19.98 | 4.38 | 4.47 | 12.98 | 19.41 | 10.84 | 19.38 | 17.95 | 27.21 | 10.83 | 20.07 | 0.98 | 0.0 | 17.60 | 14.21 | 74.31 | 19.87 | 96.71 | 0.49 | 3.29 | -12.53 | 0.00 | 0 | 7.66 | -0.26 |
| 2016 (3) | 2.71 | -32.08 | 16.24 | -15.68 | 10.46 | -25.82 | 4.19 | 13.82 | 10.87 | -23.61 | 9.08 | -23.83 | 14.11 | -29.73 | 9.02 | -34.92 | 0.98 | -14.78 | 15.41 | -15.56 | 61.99 | 11.01 | 96.24 | -2.87 | 3.76 | 358.52 | 0.00 | 0 | 7.68 | 10.98 |
| 2015 (2) | 3.99 | -12.69 | 19.26 | -16.11 | 14.10 | -20.29 | 3.68 | -3.48 | 14.23 | -21.68 | 11.92 | -21.22 | 20.08 | -14.48 | 13.86 | -18.33 | 1.15 | 2.68 | 18.25 | -17.72 | 55.84 | 49.46 | 99.09 | 1.8 | 0.82 | -69.21 | 0.00 | 0 | 6.92 | -6.36 |
| 2014 (1) | 4.57 | 16.58 | 22.96 | 0 | 17.69 | 0 | 3.81 | 8.3 | 18.17 | 0 | 15.13 | 0 | 23.48 | 0 | 16.97 | 0 | 1.12 | 3.7 | 22.18 | 5.77 | 37.36 | -5.87 | 97.34 | 1.2 | 2.66 | -30.26 | 0.00 | 0 | 7.39 | -8.88 |
