- 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) | 0.76 | -22.45 | -50.0 | 23.59 | -1.91 | -5.9 | 5.51 | -6.93 | -32.23 | 5.20 | -20.73 | -53.32 | 4.21 | -23.18 | -51.27 | 1.60 | -22.71 | -51.52 | 1.02 | -20.93 | -50.24 | 0.23 | 0.0 | 0.0 | 7.43 | -16.7 | -46.43 | 60.05 | -6.14 | -9.52 | 105.63 | 17.67 | 45.12 | -5.63 | -155.09 | -120.7 | 18.95 | -4.15 | -3.76 |
| 24Q2 (19) | 0.98 | -20.33 | -31.94 | 24.05 | -0.91 | -8.73 | 5.92 | 13.19 | -29.44 | 6.56 | -30.06 | -37.64 | 5.48 | -27.99 | -39.31 | 2.07 | -20.08 | -36.31 | 1.29 | -20.37 | -35.82 | 0.23 | 9.52 | 4.55 | 8.92 | -26.52 | -34.17 | 63.98 | 1.8 | 2.12 | 89.77 | 62.45 | 13.11 | 10.23 | -76.68 | -48.45 | 19.77 | -11.11 | 0.2 |
| 24Q1 (18) | 1.23 | -15.75 | -8.89 | 24.27 | -6.33 | -8.03 | 5.23 | -46.74 | -42.97 | 9.38 | 5.39 | -11.68 | 7.61 | 2.28 | -7.65 | 2.59 | -15.08 | -14.8 | 1.62 | -14.74 | -11.96 | 0.21 | -16.0 | -4.55 | 12.14 | 7.82 | -9.81 | 62.85 | 1.22 | -7.44 | 55.26 | -49.73 | -35.86 | 43.86 | 510.4 | 216.76 | 22.24 | 26.22 | 16.87 |
| 23Q4 (17) | 1.46 | -3.95 | -19.78 | 25.91 | 3.35 | -7.56 | 9.82 | 20.79 | -21.69 | 8.90 | -20.11 | -22.68 | 7.44 | -13.89 | -21.6 | 3.05 | -7.58 | -25.97 | 1.90 | -7.32 | -23.08 | 0.25 | 8.7 | -3.85 | 11.26 | -18.82 | -19.74 | 62.09 | -6.45 | -8.39 | 109.92 | 51.02 | 1.37 | -10.69 | -139.27 | -18.27 | 17.62 | -10.51 | 7.5 |
| 23Q3 (16) | 1.52 | 5.56 | -14.61 | 25.07 | -4.86 | 0.72 | 8.13 | -3.1 | -3.21 | 11.14 | 5.89 | -11.24 | 8.64 | -4.32 | -17.56 | 3.30 | 1.54 | -21.62 | 2.05 | 1.99 | -18.33 | 0.23 | 4.55 | -4.17 | 13.87 | 2.36 | -9.58 | 66.37 | 5.94 | -6.57 | 72.79 | -8.29 | 8.16 | 27.21 | 37.14 | -18.37 | 19.69 | -0.2 | 14.28 |
| 23Q2 (15) | 1.44 | 6.67 | 94.59 | 26.35 | -0.15 | 8.84 | 8.39 | -8.51 | 56.82 | 10.52 | -0.94 | 62.85 | 9.03 | 9.59 | 62.7 | 3.25 | 6.91 | 78.57 | 2.01 | 9.24 | 82.73 | 0.22 | 0.0 | 10.0 | 13.55 | 0.67 | 35.09 | 62.65 | -7.73 | -5.52 | 79.37 | -7.88 | -4.16 | 19.84 | 43.3 | 15.44 | 19.73 | 3.68 | 4.01 |
| 23Q1 (14) | 1.35 | -25.82 | 16.38 | 26.39 | -5.85 | 6.84 | 9.17 | -26.87 | 45.56 | 10.62 | -7.73 | 15.06 | 8.24 | -13.17 | 8.56 | 3.04 | -26.21 | 7.42 | 1.84 | -25.51 | 10.18 | 0.22 | -15.38 | 0.0 | 13.46 | -4.06 | 8.99 | 67.90 | 0.18 | -0.89 | 86.15 | -20.55 | 25.64 | 13.85 | 253.23 | -55.94 | 19.03 | 16.11 | 5.78 |
| 22Q4 (13) | 1.82 | 2.25 | 54.24 | 28.03 | 12.62 | -9.46 | 12.54 | 49.29 | 39.49 | 11.51 | -8.29 | 23.63 | 9.49 | -9.45 | 22.61 | 4.12 | -2.14 | 43.06 | 2.47 | -1.59 | 47.9 | 0.26 | 8.33 | 23.81 | 14.03 | -8.54 | 12.51 | 67.78 | -4.59 | -6.12 | 108.43 | 61.13 | 12.69 | -9.04 | -127.11 | -339.46 | 16.39 | -4.88 | -11.79 |
| 22Q3 (12) | 1.78 | 140.54 | 100.0 | 24.89 | 2.81 | -1.46 | 8.40 | 57.01 | 19.15 | 12.55 | 94.27 | 64.27 | 10.48 | 88.83 | 70.13 | 4.21 | 131.32 | 87.95 | 2.51 | 128.18 | 100.8 | 0.24 | 20.0 | 20.0 | 15.34 | 52.94 | 39.84 | 71.04 | 7.13 | -6.58 | 67.30 | -18.74 | -26.51 | 33.33 | 93.94 | 361.11 | 17.23 | -9.17 | -3.58 |
| 22Q2 (11) | 0.74 | -36.21 | -51.32 | 24.21 | -1.98 | -15.53 | 5.35 | -15.08 | -55.64 | 6.46 | -30.01 | -42.73 | 5.55 | -26.88 | -39.34 | 1.82 | -35.69 | -53.45 | 1.10 | -34.13 | -47.87 | 0.20 | -9.09 | -13.04 | 10.03 | -18.79 | -30.01 | 66.31 | -3.21 | -20.87 | 82.81 | 20.77 | -22.71 | 17.19 | -45.31 | 340.62 | 18.97 | 5.45 | 9.15 |
| 22Q1 (10) | 1.16 | -1.69 | -33.71 | 24.70 | -20.22 | -14.38 | 6.30 | -29.92 | -53.88 | 9.23 | -0.86 | -26.69 | 7.59 | -1.94 | -24.18 | 2.83 | -1.74 | -35.54 | 1.67 | 0.0 | -31.84 | 0.22 | 4.76 | -8.33 | 12.35 | -0.96 | -20.48 | 68.51 | -5.11 | -23.33 | 68.57 | -28.74 | -36.79 | 31.43 | 732.86 | 470.41 | 17.99 | -3.18 | 5.02 |
| 21Q4 (9) | 1.18 | 32.58 | -58.01 | 30.96 | 22.57 | 0.72 | 8.99 | 27.52 | -43.99 | 9.31 | 21.86 | -44.88 | 7.74 | 25.65 | -46.32 | 2.88 | 28.57 | -59.61 | 1.67 | 33.6 | -58.87 | 0.21 | 5.0 | -25.0 | 12.47 | 13.67 | -36.51 | 72.20 | -5.05 | -0.22 | 96.23 | 5.09 | 1.14 | 3.77 | -47.8 | -22.33 | 18.58 | 3.97 | 18.12 |
| 21Q3 (8) | 0.89 | -41.45 | -54.82 | 25.26 | -11.86 | -11.43 | 7.05 | -41.54 | -44.44 | 7.64 | -32.27 | -47.35 | 6.16 | -32.68 | -47.75 | 2.24 | -42.71 | -58.67 | 1.25 | -40.76 | -58.19 | 0.20 | -13.04 | -20.0 | 10.97 | -23.45 | -38.02 | 76.04 | -9.26 | -5.69 | 91.57 | -14.54 | 4.81 | 7.23 | 201.2 | -42.8 | 17.87 | 2.82 | 1.82 |
| 21Q2 (7) | 1.52 | -13.14 | 63.44 | 28.66 | -0.66 | 8.07 | 12.06 | -11.71 | 81.35 | 11.28 | -10.41 | 17.26 | 9.15 | -8.59 | 13.81 | 3.91 | -10.93 | 46.99 | 2.11 | -13.88 | 46.53 | 0.23 | -4.17 | 27.78 | 14.33 | -7.73 | -0.69 | 83.80 | -6.22 | 0.22 | 107.14 | -1.24 | 53.33 | -7.14 | 15.82 | -122.8 | 17.38 | 1.46 | 0 |
| 21Q1 (6) | 1.75 | -37.72 | 80.41 | 28.85 | -6.15 | 2.49 | 13.66 | -14.89 | 54.7 | 12.59 | -25.46 | 36.85 | 10.01 | -30.58 | 44.65 | 4.39 | -38.43 | 64.42 | 2.45 | -39.66 | 71.33 | 0.24 | -14.29 | 20.0 | 15.53 | -20.93 | 15.29 | 89.36 | 23.49 | -2.41 | 108.48 | 14.02 | 13.15 | -8.48 | -274.65 | -305.76 | 17.13 | 8.9 | -15.53 |
| 20Q4 (5) | 2.81 | 42.64 | 29.49 | 30.74 | 7.78 | 0.49 | 16.05 | 26.48 | 24.52 | 16.89 | 16.4 | 35.55 | 14.42 | 22.31 | 32.42 | 7.13 | 31.55 | 22.51 | 4.06 | 35.79 | 32.25 | 0.28 | 12.0 | 0.0 | 19.64 | 10.96 | 26.55 | 72.36 | -10.26 | -18.67 | 95.14 | 8.9 | -8.31 | 4.86 | -61.56 | 250.61 | 15.73 | -10.37 | -5.01 |
| 20Q3 (4) | 1.97 | 111.83 | 0.0 | 28.52 | 7.54 | 0.0 | 12.69 | 90.83 | 0.0 | 14.51 | 50.83 | 0.0 | 11.79 | 46.64 | 0.0 | 5.42 | 103.76 | 0.0 | 2.99 | 107.64 | 0.0 | 0.25 | 38.89 | 0.0 | 17.70 | 22.66 | 0.0 | 80.63 | -3.58 | 0.0 | 87.36 | 25.02 | 0.0 | 12.64 | -59.66 | 0.0 | 17.55 | 0 | 0.0 |
| 20Q2 (3) | 0.93 | -4.12 | 0.0 | 26.52 | -5.79 | 0.0 | 6.65 | -24.69 | 0.0 | 9.62 | 4.57 | 0.0 | 8.04 | 16.18 | 0.0 | 2.66 | -0.37 | 0.0 | 1.44 | 0.7 | 0.0 | 0.18 | -10.0 | 0.0 | 14.43 | 7.13 | 0.0 | 83.62 | -8.68 | 0.0 | 69.88 | -27.11 | 0.0 | 31.33 | 659.64 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.97 | -55.3 | 0.0 | 28.15 | -7.98 | 0.0 | 8.83 | -31.5 | 0.0 | 9.20 | -26.16 | 0.0 | 6.92 | -36.46 | 0.0 | 2.67 | -54.12 | 0.0 | 1.43 | -53.42 | 0.0 | 0.20 | -28.57 | 0.0 | 13.47 | -13.21 | 0.0 | 91.57 | 2.92 | 0.0 | 95.88 | -7.6 | 0.0 | 4.12 | 227.84 | 0.0 | 20.28 | 22.46 | 0.0 |
| 19Q4 (1) | 2.17 | 0.0 | 0.0 | 30.59 | 0.0 | 0.0 | 12.89 | 0.0 | 0.0 | 12.46 | 0.0 | 0.0 | 10.89 | 0.0 | 0.0 | 5.82 | 0.0 | 0.0 | 3.07 | 0.0 | 0.0 | 0.28 | 0.0 | 0.0 | 15.52 | 0.0 | 0.0 | 88.97 | 0.0 | 0.0 | 103.76 | 0.0 | 0.0 | -3.23 | 0.0 | 0.0 | 16.56 | 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) | 5.77 | 4.91 | 25.91 | 1.05 | 8.91 | 4.7 | 2.46 | -9.7 | 10.24 | 0.29 | 8.30 | -2.24 | 12.39 | -2.52 | 7.66 | 1.19 | 0.91 | 3.41 | 12.96 | -1.29 | 62.09 | -8.39 | 86.89 | 4.14 | 12.92 | -22.94 | 0.21 | -16.98 | 18.96 | 8.22 |
| 2022 (9) | 5.50 | 3.19 | 25.64 | -10.0 | 8.51 | -19.94 | 2.72 | -5.18 | 10.21 | -1.26 | 8.49 | 1.43 | 12.71 | -1.24 | 7.57 | 0.66 | 0.88 | -1.12 | 13.13 | -2.38 | 67.78 | -6.12 | 83.43 | -18.7 | 16.77 | 0 | 0.25 | -30.32 | 17.52 | -1.07 |
| 2021 (8) | 5.33 | -20.33 | 28.49 | -0.94 | 10.63 | -9.45 | 2.87 | -11.31 | 10.34 | -21.31 | 8.37 | -22.57 | 12.87 | -23.3 | 7.52 | -19.83 | 0.89 | 3.49 | 13.45 | -19.65 | 72.20 | -0.22 | 102.63 | 14.89 | -2.83 | 0 | 0.35 | -27.05 | 17.71 | -2.91 |
| 2020 (7) | 6.69 | -11.16 | 28.76 | -1.17 | 11.74 | 0.34 | 3.24 | 16.37 | 13.14 | 10.7 | 10.81 | 11.67 | 16.78 | -17.66 | 9.38 | -7.59 | 0.86 | -17.31 | 16.74 | 11.45 | 72.36 | -18.67 | 89.33 | -9.36 | 10.67 | 638.59 | 0.49 | -24.56 | 18.24 | 4.95 |
| 2019 (6) | 7.53 | -2.21 | 29.10 | -0.65 | 11.70 | 2.99 | 2.78 | 13.47 | 11.87 | 0.34 | 9.68 | 2.76 | 20.38 | -8.65 | 10.15 | -1.93 | 1.04 | -3.7 | 15.02 | 1.9 | 88.97 | -23.73 | 98.55 | 2.67 | 1.45 | -63.92 | 0.64 | -22.54 | 17.38 | -6.61 |
| 2018 (5) | 7.70 | -12.9 | 29.29 | -16.39 | 11.36 | -28.69 | 2.45 | 8.94 | 11.83 | -22.63 | 9.42 | -22.21 | 22.31 | -18.78 | 10.35 | -20.14 | 1.08 | 1.89 | 14.74 | -18.02 | 116.65 | -3.63 | 95.99 | -7.86 | 4.01 | 0 | 0.83 | 0 | 18.61 | -2.97 |
| 2017 (4) | 8.84 | -10.8 | 35.03 | -10.57 | 15.93 | -23.78 | 2.25 | -3.66 | 15.29 | -24.72 | 12.11 | -25.98 | 27.47 | -19.25 | 12.96 | -23.94 | 1.06 | 1.92 | 17.98 | -21.89 | 121.04 | 13.84 | 104.19 | 1.33 | -4.19 | 0 | 0.00 | 0 | 19.18 | -1.84 |
| 2016 (3) | 9.91 | 13.0 | 39.17 | -3.85 | 20.90 | -0.1 | 2.34 | -12.08 | 20.31 | -5.31 | 16.36 | -7.26 | 34.02 | 0.32 | 17.04 | -2.46 | 1.04 | 6.12 | 23.02 | -6.12 | 106.32 | 13.55 | 102.82 | 5.32 | -2.82 | 0 | 0.00 | 0 | 19.54 | -1.76 |
| 2015 (2) | 8.77 | 12.29 | 40.74 | -0.1 | 20.92 | 2.8 | 2.66 | -0.47 | 21.45 | -5.42 | 17.64 | -6.17 | 33.91 | -1.28 | 17.47 | -1.02 | 0.98 | 5.38 | 24.52 | -5.15 | 93.63 | -3.67 | 97.62 | 8.73 | 2.50 | -75.49 | 0.00 | 0 | 19.89 | 0.71 |
| 2014 (1) | 7.81 | 10.94 | 40.78 | 0 | 20.35 | 0 | 2.67 | 35.45 | 22.68 | 0 | 18.80 | 0 | 34.35 | 0 | 17.65 | 0 | 0.93 | -10.58 | 25.85 | -1.52 | 97.20 | 0.98 | 89.79 | -3.96 | 10.21 | 56.84 | 0.00 | 0 | 19.75 | -6.93 |
