- 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) | 0.52 | 18.18 | -46.39 | 33.14 | -9.58 | -9.75 | 9.10 | 7.06 | -36.76 | 12.46 | 17.22 | -37.76 | 8.95 | 2.87 | -38.19 | 2.75 | 20.09 | -50.27 | 1.63 | 18.98 | -40.29 | 0.17 | 13.33 | -5.56 | 17.95 | 5.84 | -29.14 | 70.86 | -12.57 | -33.79 | 75.00 | -10.0 | 5.47 | 29.17 | 31.25 | 0.96 | 10.51 | -7.73 | 1.35 |
| 24Q2 (19) | 0.44 | -15.38 | 18.92 | 36.65 | -3.65 | 3.18 | 8.50 | 4.42 | -3.74 | 10.63 | -30.16 | 69.0 | 8.70 | -28.04 | 18.21 | 2.29 | -15.5 | 8.53 | 1.37 | -12.74 | 24.55 | 0.15 | 25.0 | 15.38 | 16.96 | -27.18 | 26.1 | 81.05 | 13.12 | -29.25 | 83.33 | 52.78 | -38.89 | 22.22 | -51.11 | 161.11 | 11.39 | 5.95 | 0.8 |
| 24Q1 (18) | 0.52 | -11.86 | -11.86 | 38.04 | 3.91 | 4.19 | 8.14 | -40.97 | -31.83 | 15.22 | 40.8 | 5.4 | 12.09 | 41.9 | 9.71 | 2.71 | -14.51 | -16.36 | 1.57 | -5.99 | -4.27 | 0.12 | -33.33 | -14.29 | 23.29 | 45.38 | 10.96 | 71.65 | -28.06 | -36.4 | 54.55 | -57.39 | -35.54 | 45.45 | 262.34 | 136.36 | 10.75 | 9.03 | -6.68 |
| 23Q4 (17) | 0.59 | -39.18 | -31.4 | 36.61 | -0.3 | 1.81 | 13.79 | -4.17 | -8.74 | 10.81 | -46.0 | -23.98 | 8.52 | -41.16 | -30.62 | 3.17 | -42.68 | -35.04 | 1.67 | -38.83 | -28.33 | 0.18 | 0.0 | 0.0 | 16.02 | -36.75 | -16.69 | 99.59 | -6.94 | -12.46 | 128.00 | 80.0 | 20.69 | -28.00 | -196.92 | -362.0 | 9.86 | -4.92 | -3.43 |
| 23Q3 (16) | 0.97 | 162.16 | -29.71 | 36.72 | 3.38 | 3.93 | 14.39 | 62.97 | -20.72 | 20.02 | 218.28 | -11.06 | 14.48 | 96.74 | -11.27 | 5.53 | 162.09 | -34.79 | 2.73 | 148.18 | -26.61 | 0.18 | 38.46 | -18.18 | 25.33 | 88.33 | -3.76 | 107.02 | -6.58 | -15.51 | 71.11 | -47.85 | -12.48 | 28.89 | 179.44 | 54.07 | 10.37 | -8.23 | 12.6 |
| 23Q2 (15) | 0.37 | -37.29 | -54.32 | 35.52 | -2.71 | 7.34 | 8.83 | -26.05 | -44.43 | 6.29 | -56.44 | -59.76 | 7.36 | -33.21 | -29.57 | 2.11 | -34.88 | -58.22 | 1.10 | -32.93 | -52.38 | 0.13 | -7.14 | -38.1 | 13.45 | -35.92 | -32.75 | 114.56 | 1.7 | -18.43 | 136.36 | 61.16 | 36.36 | -36.36 | -289.09 | -1390.91 | 11.30 | -1.91 | 32.94 |
| 23Q1 (14) | 0.59 | -31.4 | 3.51 | 36.51 | 1.53 | 6.23 | 11.94 | -20.98 | 7.57 | 14.44 | 1.55 | 2.27 | 11.02 | -10.26 | -2.82 | 3.24 | -33.61 | -8.73 | 1.64 | -29.61 | -1.2 | 0.14 | -22.22 | 0.0 | 20.99 | 9.15 | 1.94 | 112.65 | -0.98 | -1.21 | 84.62 | -20.22 | 6.88 | 19.23 | 417.31 | -7.69 | 11.52 | 12.83 | 1.41 |
| 22Q4 (13) | 0.86 | -37.68 | 34.37 | 35.96 | 1.78 | 22.52 | 15.11 | -16.75 | 31.39 | 14.22 | -36.83 | 24.74 | 12.28 | -24.75 | 45.67 | 4.88 | -42.45 | 18.16 | 2.33 | -37.37 | 29.44 | 0.18 | -18.18 | -10.0 | 19.23 | -26.94 | 22.1 | 113.76 | -10.18 | -13.82 | 106.06 | 30.54 | 6.06 | -6.06 | -132.32 | 0 | 10.21 | 10.86 | 22.13 |
| 22Q3 (12) | 1.38 | 70.37 | 48.39 | 35.33 | 6.77 | 36.36 | 18.15 | 14.22 | 47.56 | 22.51 | 44.02 | 56.21 | 16.32 | 56.17 | 57.53 | 8.48 | 67.92 | 38.79 | 3.72 | 61.04 | 41.98 | 0.22 | 4.76 | -12.0 | 26.32 | 31.6 | 44.54 | 126.66 | -9.82 | -14.35 | 81.25 | -18.75 | -3.38 | 18.75 | 868.75 | 37.5 | 9.21 | 8.35 | 35.84 |
| 22Q2 (11) | 0.81 | 42.11 | 161.29 | 33.09 | -3.72 | 15.42 | 15.89 | 43.15 | 63.14 | 15.63 | 10.69 | 94.16 | 10.45 | -7.85 | 95.33 | 5.05 | 42.25 | 150.0 | 2.31 | 39.16 | 153.85 | 0.21 | 50.0 | 31.25 | 20.00 | -2.87 | 43.68 | 140.45 | 23.17 | 6.46 | 100.00 | 26.32 | -15.79 | -2.44 | -111.71 | 86.99 | 8.50 | -25.18 | -3.63 |
| 22Q1 (10) | 0.57 | -10.94 | -13.64 | 34.37 | 17.1 | 13.39 | 11.10 | -3.48 | -20.94 | 14.12 | 23.86 | 7.46 | 11.34 | 34.52 | 23.13 | 3.55 | -14.04 | -20.76 | 1.66 | -7.78 | -25.56 | 0.14 | -30.0 | -39.13 | 20.59 | 30.73 | 15.87 | 114.03 | -13.62 | -22.35 | 79.17 | -20.83 | -25.49 | 20.83 | 0 | 433.33 | 11.36 | 35.89 | 33.65 |
| 21Q4 (9) | 0.64 | -31.18 | 52.38 | 29.35 | 13.28 | -13.83 | 11.50 | -6.5 | 5.02 | 11.40 | -20.89 | -7.84 | 8.43 | -18.63 | -8.86 | 4.13 | -32.41 | 40.0 | 1.80 | -31.3 | 0.0 | 0.20 | -20.0 | 5.26 | 15.75 | -13.51 | -8.54 | 132.01 | -10.73 | 96.06 | 100.00 | 18.92 | 11.76 | 0.00 | -100.0 | -100.0 | 8.36 | 23.3 | -16.98 |
| 21Q3 (8) | 0.93 | 200.0 | 82.35 | 25.91 | -9.63 | -20.74 | 12.30 | 26.28 | 3.8 | 14.41 | 79.01 | 0.28 | 10.36 | 93.64 | -11.68 | 6.11 | 202.48 | 63.81 | 2.62 | 187.91 | 18.02 | 0.25 | 56.25 | 38.89 | 18.21 | 30.82 | -5.7 | 147.88 | 12.09 | 111.77 | 84.09 | -29.19 | 3.88 | 13.64 | 172.73 | -28.41 | 6.78 | -23.13 | -35.43 |
| 21Q2 (7) | 0.31 | -53.03 | 24.0 | 28.67 | -5.41 | -12.83 | 9.74 | -30.63 | -10.56 | 8.05 | -38.74 | -7.47 | 5.35 | -41.91 | -22.13 | 2.02 | -54.91 | 7.45 | 0.91 | -59.19 | -20.87 | 0.16 | -30.43 | 0.0 | 13.92 | -21.67 | -3.33 | 131.93 | -10.17 | 78.28 | 118.75 | 11.76 | -6.7 | -18.75 | -200.0 | 31.25 | 8.82 | 3.76 | 0 |
| 21Q1 (6) | 0.66 | 57.14 | 186.96 | 30.31 | -11.01 | -20.49 | 14.04 | 28.22 | 55.48 | 13.14 | 6.22 | 15.98 | 9.21 | -0.43 | 3.25 | 4.48 | 51.86 | 166.67 | 2.23 | 23.89 | 110.38 | 0.23 | 21.05 | 109.09 | 17.77 | 3.19 | -9.06 | 146.86 | 118.12 | 105.37 | 106.25 | 18.75 | 32.81 | -6.25 | -159.38 | -131.25 | 8.50 | -15.59 | 0 |
| 20Q4 (5) | 0.42 | -17.65 | 133.33 | 34.06 | 4.19 | -4.67 | 10.95 | -7.59 | 7.67 | 12.37 | -13.92 | 70.86 | 9.25 | -21.14 | 60.87 | 2.95 | -20.91 | 120.15 | 1.80 | -18.92 | 109.3 | 0.19 | 5.56 | 35.71 | 17.22 | -10.82 | 15.18 | 67.33 | -3.58 | -6.08 | 89.47 | 10.53 | -34.93 | 10.53 | -44.74 | 128.07 | 10.07 | -4.1 | -13.78 |
| 20Q3 (4) | 0.51 | 104.0 | 0.0 | 32.69 | -0.61 | 0.0 | 11.85 | 8.82 | 0.0 | 14.37 | 65.17 | 0.0 | 11.73 | 70.74 | 0.0 | 3.73 | 98.4 | 0.0 | 2.22 | 93.04 | 0.0 | 0.18 | 12.5 | 0.0 | 19.31 | 34.1 | 0.0 | 69.83 | -5.64 | 0.0 | 80.95 | -36.39 | 0.0 | 19.05 | 169.84 | 0.0 | 10.50 | 0 | 0.0 |
| 20Q2 (3) | 0.25 | 8.7 | 0.0 | 32.89 | -13.72 | 0.0 | 10.89 | 20.6 | 0.0 | 8.70 | -23.21 | 0.0 | 6.87 | -22.98 | 0.0 | 1.88 | 11.9 | 0.0 | 1.15 | 8.49 | 0.0 | 0.16 | 45.45 | 0.0 | 14.40 | -26.31 | 0.0 | 74.00 | 3.48 | 0.0 | 127.27 | 59.09 | 0.0 | -27.27 | -236.36 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.23 | 27.78 | 0.0 | 38.12 | 6.69 | 0.0 | 9.03 | -11.21 | 0.0 | 11.33 | 56.49 | 0.0 | 8.92 | 55.13 | 0.0 | 1.68 | 25.37 | 0.0 | 1.06 | 23.26 | 0.0 | 0.11 | -21.43 | 0.0 | 19.54 | 30.7 | 0.0 | 71.51 | -0.25 | 0.0 | 80.00 | -41.82 | 0.0 | 20.00 | 153.33 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.18 | 0.0 | 0.0 | 35.73 | 0.0 | 0.0 | 10.17 | 0.0 | 0.0 | 7.24 | 0.0 | 0.0 | 5.75 | 0.0 | 0.0 | 1.34 | 0.0 | 0.0 | 0.86 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 14.95 | 0.0 | 0.0 | 71.69 | 0.0 | 0.0 | 137.50 | 0.0 | 0.0 | -37.50 | 0.0 | 0.0 | 11.68 | 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) | 2.52 | -30.39 | 36.39 | 4.87 | 12.49 | -19.47 | 3.96 | 21.24 | 13.23 | -22.54 | 10.50 | -18.1 | 13.74 | -36.0 | 7.11 | -28.9 | 0.63 | -16.0 | 19.06 | -12.61 | 99.59 | -12.46 | 94.39 | 4.02 | 5.61 | -39.44 | 24.13 | -0.32 | 10.68 | 10.67 |
| 2022 (9) | 3.62 | 42.52 | 34.70 | 22.18 | 15.51 | 29.03 | 3.27 | 4.53 | 17.08 | 41.27 | 12.82 | 48.9 | 21.47 | 27.34 | 10.00 | 14.68 | 0.75 | -22.68 | 21.81 | 31.94 | 113.76 | -13.82 | 90.74 | -8.5 | 9.26 | 1011.11 | 24.20 | -7.18 | 9.65 | 20.63 |
| 2021 (8) | 2.54 | 80.14 | 28.40 | -16.67 | 12.02 | 10.68 | 3.12 | -41.2 | 12.09 | 1.94 | 8.61 | -7.62 | 16.86 | 68.77 | 8.72 | 42.25 | 0.97 | 53.97 | 16.53 | -6.72 | 132.01 | 96.06 | 99.17 | 8.18 | 0.83 | -90.0 | 26.08 | 0 | 8.00 | -27.14 |
| 2020 (7) | 1.41 | 71.95 | 34.08 | 0.62 | 10.86 | 46.56 | 5.31 | -22.17 | 11.86 | 40.86 | 9.32 | 38.07 | 9.99 | 64.04 | 6.13 | 49.88 | 0.63 | 12.5 | 17.72 | 10.06 | 67.33 | -6.08 | 91.67 | 6.94 | 8.33 | -27.08 | 0.00 | 0 | 10.98 | -7.58 |
| 2019 (6) | 0.82 | -21.15 | 33.87 | 16.71 | 7.41 | 15.42 | 6.83 | 1013.17 | 8.42 | -7.98 | 6.75 | -5.73 | 6.09 | -24.54 | 4.09 | -24.68 | 0.56 | -23.29 | 16.10 | 57.53 | 71.69 | 42.47 | 85.71 | 24.42 | 11.43 | -60.44 | 0.00 | 0 | 11.88 | 16.36 |
| 2018 (5) | 1.04 | 28.4 | 29.02 | -1.49 | 6.42 | 46.58 | 0.61 | -9.41 | 9.15 | 21.68 | 7.16 | 16.99 | 8.07 | 28.5 | 5.43 | 29.29 | 0.73 | 12.31 | 10.22 | 19.11 | 50.32 | -15.74 | 68.89 | 19.65 | 28.89 | -31.9 | 0.00 | 0 | 10.21 | -3.95 |
| 2017 (4) | 0.81 | 0 | 29.46 | 4.25 | 4.38 | 22.35 | 0.68 | 0.9 | 7.52 | 0 | 6.12 | 0 | 6.28 | 0 | 4.20 | 0 | 0.65 | 1.56 | 8.58 | 0 | 59.72 | 5.7 | 57.58 | 0 | 42.42 | -76.43 | 0.00 | 0 | 10.63 | 6.41 |
| 2016 (3) | -0.64 | 0 | 28.26 | 1.51 | 3.58 | 167.16 | 0.67 | 17.0 | -4.47 | 0 | -4.84 | 0 | -4.84 | 0 | -2.84 | 0 | 0.64 | -12.33 | -3.36 | 0 | 56.50 | -1.03 | -80.00 | 0 | 180.00 | 206.0 | 0.00 | 0 | 9.99 | -6.11 |
| 2015 (2) | 0.40 | -36.51 | 27.84 | -2.42 | 1.34 | -37.96 | 0.57 | 16.83 | 3.22 | -27.48 | 2.58 | -25.86 | 2.90 | -35.7 | 2.15 | -31.53 | 0.73 | -12.05 | 4.40 | -18.52 | 57.09 | 10.3 | 41.18 | -14.48 | 58.82 | 13.45 | 0.00 | 0 | 10.64 | 5.66 |
| 2014 (1) | 0.63 | -45.69 | 28.53 | 0 | 2.16 | 0 | 0.49 | -10.15 | 4.44 | 0 | 3.48 | 0 | 4.51 | 0 | 3.14 | 0 | 0.83 | -15.31 | 5.40 | -30.68 | 51.76 | -16.77 | 48.15 | -26.27 | 51.85 | 49.46 | 0.00 | 0 | 10.07 | 4.24 |
