- 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) | 0.40 | -42.03 | 0.0 | 21.08 | 3.89 | 13.88 | 7.42 | 3.06 | 16.48 | 7.65 | -21.22 | 8.66 | 6.05 | -26.13 | 4.13 | 1.30 | -26.14 | -5.11 | 0.73 | -23.16 | -1.35 | 0.10 | 0.0 | 0.0 | 20.79 | -9.41 | 6.51 | 114.15 | -4.04 | -9.82 | 97.08 | 30.88 | 7.29 | 2.92 | -88.72 | -69.35 | 9.76 | 5.86 | 5.51 |
| 24Q2 (19) | 0.69 | 115.62 | 53.33 | 20.29 | 7.87 | 10.39 | 7.20 | 45.45 | 21.01 | 9.71 | 26.93 | 13.83 | 8.19 | 43.94 | 22.6 | 1.76 | 47.9 | 14.29 | 0.95 | 39.71 | 20.25 | 0.10 | 0.0 | 0.0 | 22.95 | 7.49 | 6.94 | 118.96 | 6.98 | -8.29 | 74.18 | 14.66 | 6.24 | 25.83 | -26.83 | -14.34 | 9.22 | -9.07 | -0.75 |
| 24Q1 (18) | 0.32 | -36.0 | 10.34 | 18.81 | 4.15 | 3.13 | 4.95 | -18.59 | 2.7 | 7.65 | 5.81 | 20.28 | 5.69 | -10.68 | 15.65 | 1.19 | -17.36 | 7.21 | 0.68 | -12.82 | 13.33 | 0.10 | 0.0 | 11.11 | 21.35 | 11.14 | 8.87 | 111.20 | -4.83 | -21.63 | 64.69 | -23.07 | -14.61 | 35.31 | 121.97 | 45.65 | 10.14 | 6.18 | 0.0 |
| 23Q4 (17) | 0.50 | 25.0 | 4900.0 | 18.06 | -2.43 | 12.95 | 6.08 | -4.55 | 90.0 | 7.23 | 2.7 | 130.25 | 6.37 | 9.64 | 248.09 | 1.44 | 5.11 | 234.88 | 0.78 | 5.41 | 151.61 | 0.10 | 0.0 | 0.0 | 19.21 | -1.59 | 21.74 | 116.84 | -7.69 | -17.82 | 84.09 | -7.06 | -17.46 | 15.91 | 67.19 | 942.59 | 9.55 | 3.24 | -2.95 |
| 23Q3 (16) | 0.40 | -11.11 | -13.04 | 18.51 | 0.71 | 6.75 | 6.37 | 7.06 | 56.13 | 7.04 | -17.47 | 8.98 | 5.81 | -13.02 | 10.25 | 1.37 | -11.04 | 4.58 | 0.74 | -6.33 | 15.62 | 0.10 | 0.0 | 0.0 | 19.52 | -9.04 | 8.26 | 126.58 | -2.41 | -11.46 | 90.49 | 29.6 | 43.56 | 9.51 | -68.46 | -74.27 | 9.25 | -0.43 | 0.43 |
| 23Q2 (15) | 0.45 | 55.17 | -27.42 | 18.38 | 0.77 | -13.26 | 5.95 | 23.44 | -22.12 | 8.53 | 34.12 | 1.67 | 6.68 | 35.77 | 1.37 | 1.54 | 38.74 | -8.33 | 0.79 | 31.67 | 0.0 | 0.10 | 11.11 | -9.09 | 21.46 | 9.43 | 10.39 | 129.71 | -8.58 | -12.92 | 69.82 | -7.84 | -23.4 | 30.16 | 24.42 | 241.63 | 9.29 | -8.38 | 5.45 |
| 23Q1 (14) | 0.29 | 2800.0 | -47.27 | 18.24 | 14.07 | -14.0 | 4.82 | 50.62 | -28.38 | 6.36 | 102.55 | -19.08 | 4.92 | 168.85 | -23.36 | 1.11 | 158.14 | -25.5 | 0.60 | 93.55 | -15.49 | 0.09 | -10.0 | -10.0 | 19.61 | 24.27 | -0.71 | 141.89 | -0.2 | 5.97 | 75.76 | -25.64 | -11.46 | 24.24 | 1384.09 | 67.96 | 10.14 | 3.05 | 4.54 |
| 22Q4 (13) | 0.01 | -97.83 | -95.83 | 15.99 | -7.79 | -12.09 | 3.20 | -21.57 | 4.92 | 3.14 | -51.39 | -24.15 | 1.83 | -65.28 | -46.96 | 0.43 | -67.18 | -48.81 | 0.31 | -51.56 | -29.55 | 0.10 | 0.0 | 0.0 | 15.78 | -12.48 | -0.63 | 142.17 | -0.55 | 4.68 | 101.89 | 61.65 | 38.16 | -1.89 | -105.11 | -107.19 | 9.84 | 6.84 | 4.13 |
| 22Q3 (12) | 0.46 | -25.81 | 2.22 | 17.34 | -18.17 | -6.32 | 4.08 | -46.6 | -5.77 | 6.46 | -23.0 | -22.17 | 5.27 | -20.03 | -25.04 | 1.31 | -22.02 | -15.48 | 0.64 | -18.99 | -12.33 | 0.10 | -9.09 | 11.11 | 18.03 | -7.25 | -14.35 | 142.96 | -4.03 | 3.03 | 63.03 | -30.85 | 20.78 | 36.97 | 318.78 | -22.68 | 9.21 | 4.54 | -2.44 |
| 22Q2 (11) | 0.62 | 12.73 | -12.68 | 21.19 | -0.09 | 4.75 | 7.64 | 13.52 | 9.77 | 8.39 | 6.74 | -9.4 | 6.59 | 2.65 | -15.4 | 1.68 | 12.75 | -1.18 | 0.79 | 11.27 | -2.47 | 0.11 | 10.0 | 22.22 | 19.44 | -1.57 | -13.1 | 148.96 | 11.25 | 6.23 | 91.15 | 6.53 | 21.21 | 8.83 | -38.83 | -64.4 | 8.81 | -9.18 | -10.01 |
| 22Q1 (10) | 0.55 | 129.17 | 1.85 | 21.21 | 16.6 | 0.24 | 6.73 | 120.66 | 21.92 | 7.86 | 89.86 | -8.71 | 6.42 | 86.09 | -7.89 | 1.49 | 77.38 | 3.47 | 0.71 | 61.36 | 0.0 | 0.10 | 0.0 | 11.11 | 19.75 | 24.37 | -9.4 | 133.90 | -1.41 | 2.79 | 85.57 | 16.03 | 33.55 | 14.43 | -45.02 | -59.83 | 9.70 | 2.65 | -7.0 |
| 21Q4 (9) | 0.24 | -46.67 | -14.29 | 18.19 | -1.73 | -6.19 | 3.05 | -29.56 | -33.41 | 4.14 | -50.12 | -30.19 | 3.45 | -50.92 | -21.05 | 0.84 | -45.81 | -8.7 | 0.44 | -39.73 | -10.2 | 0.10 | 11.11 | 11.11 | 15.88 | -24.56 | -17.85 | 135.82 | -2.11 | 5.29 | 73.75 | 41.32 | -4.54 | 26.25 | -45.1 | 15.42 | 9.45 | 0.11 | 50.72 |
| 21Q3 (8) | 0.45 | -36.62 | -25.0 | 18.51 | -8.5 | -11.94 | 4.33 | -37.79 | -33.89 | 8.30 | -10.37 | -14.08 | 7.03 | -9.76 | -17.29 | 1.55 | -8.82 | -3.73 | 0.73 | -9.88 | -6.41 | 0.09 | 0.0 | 12.5 | 21.05 | -5.9 | -12.91 | 138.75 | -1.05 | 7.54 | 52.19 | -30.61 | -23.02 | 47.81 | 92.82 | 48.44 | 9.44 | -3.58 | -7.36 |
| 21Q2 (7) | 0.71 | 31.48 | 61.36 | 20.23 | -4.4 | 3.0 | 6.96 | 26.09 | 38.65 | 9.26 | 7.55 | 9.98 | 7.79 | 11.76 | 10.81 | 1.70 | 18.06 | 31.78 | 0.81 | 14.08 | 22.73 | 0.09 | 0.0 | 12.5 | 22.37 | 2.61 | -1.15 | 140.22 | 7.64 | 1.54 | 75.20 | 17.37 | 26.16 | 24.80 | -30.98 | -38.61 | 9.79 | -6.14 | 0 |
| 21Q1 (6) | 0.54 | 92.86 | 80.0 | 21.16 | 9.13 | 16.33 | 5.52 | 20.52 | 66.27 | 8.61 | 45.19 | 15.57 | 6.97 | 59.5 | 26.27 | 1.44 | 56.52 | 35.85 | 0.71 | 44.9 | 22.41 | 0.09 | 0.0 | 0.0 | 21.80 | 12.78 | 4.21 | 130.27 | 0.99 | 1.81 | 64.07 | -17.06 | 43.94 | 35.93 | 57.96 | -35.25 | 10.43 | 66.35 | 0 |
| 20Q4 (5) | 0.28 | -53.33 | -37.78 | 19.39 | -7.75 | 19.1 | 4.58 | -30.08 | 25.82 | 5.93 | -38.61 | -10.96 | 4.37 | -48.59 | -23.87 | 0.92 | -42.86 | -27.56 | 0.49 | -37.18 | -31.94 | 0.09 | 12.5 | -18.18 | 19.33 | -20.02 | 4.32 | 128.99 | -0.02 | 14.84 | 77.26 | 13.97 | 41.18 | 22.74 | -29.39 | -49.77 | 6.27 | -38.47 | -34.76 |
| 20Q3 (4) | 0.60 | 36.36 | 0.0 | 21.02 | 7.03 | 0.0 | 6.55 | 30.48 | 0.0 | 9.66 | 14.73 | 0.0 | 8.50 | 20.91 | 0.0 | 1.61 | 24.81 | 0.0 | 0.78 | 18.18 | 0.0 | 0.08 | 0.0 | 0.0 | 24.17 | 6.81 | 0.0 | 129.02 | -6.57 | 0.0 | 67.79 | 13.72 | 0.0 | 32.21 | -20.25 | 0.0 | 10.19 | 0 | 0.0 |
| 20Q2 (3) | 0.44 | 46.67 | 0.0 | 19.64 | 7.97 | 0.0 | 5.02 | 51.2 | 0.0 | 8.42 | 13.02 | 0.0 | 7.03 | 27.36 | 0.0 | 1.29 | 21.7 | 0.0 | 0.66 | 13.79 | 0.0 | 0.08 | -11.11 | 0.0 | 22.63 | 8.17 | 0.0 | 138.10 | 7.92 | 0.0 | 59.61 | 33.91 | 0.0 | 40.39 | -27.2 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.30 | -33.33 | 0.0 | 18.19 | 11.73 | 0.0 | 3.32 | -8.79 | 0.0 | 7.45 | 11.86 | 0.0 | 5.52 | -3.83 | 0.0 | 1.06 | -16.54 | 0.0 | 0.58 | -19.44 | 0.0 | 0.09 | -18.18 | 0.0 | 20.92 | 12.9 | 0.0 | 127.96 | 13.92 | 0.0 | 44.51 | -18.66 | 0.0 | 55.49 | 22.55 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.45 | 0.0 | 0.0 | 16.28 | 0.0 | 0.0 | 3.64 | 0.0 | 0.0 | 6.66 | 0.0 | 0.0 | 5.74 | 0.0 | 0.0 | 1.27 | 0.0 | 0.0 | 0.72 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | 18.53 | 0.0 | 0.0 | 112.32 | 0.0 | 0.0 | 54.72 | 0.0 | 0.0 | 45.28 | 0.0 | 0.0 | 9.61 | 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) | 1.64 | 0.61 | 18.30 | -3.43 | 5.82 | 6.99 | 8.11 | 2.17 | 7.29 | 12.15 | 5.96 | 17.79 | 5.27 | 6.9 | 2.83 | 14.11 | 0.39 | -4.88 | 19.94 | 9.14 | 116.84 | -17.82 | 79.82 | -4.6 | 20.18 | 23.62 | 13.78 | 10.43 | 9.55 | 1.81 |
| 2022 (9) | 1.63 | -15.98 | 18.95 | -2.67 | 5.44 | 11.02 | 7.94 | -8.16 | 6.50 | -12.99 | 5.06 | -18.65 | 4.93 | -10.53 | 2.48 | -8.49 | 0.41 | 7.89 | 18.27 | -9.24 | 142.17 | 4.68 | 83.67 | 27.36 | 16.33 | -52.41 | 12.48 | -9.48 | 9.38 | -3.89 |
| 2021 (8) | 1.94 | 19.75 | 19.47 | -0.36 | 4.90 | 1.24 | 8.64 | -12.08 | 7.47 | -4.23 | 6.22 | -0.96 | 5.51 | 14.79 | 2.71 | 5.45 | 0.38 | 8.57 | 20.13 | -7.11 | 135.82 | 5.29 | 65.70 | 5.9 | 34.31 | -9.63 | 13.78 | -9.16 | 9.76 | 1.99 |
| 2020 (7) | 1.62 | -24.65 | 19.54 | 9.22 | 4.84 | -12.0 | 9.83 | 13.35 | 7.80 | 1.96 | 6.28 | -4.41 | 4.80 | -21.31 | 2.57 | -22.82 | 0.35 | -20.45 | 21.67 | 11.99 | 128.99 | 14.84 | 62.04 | -13.77 | 37.96 | 35.32 | 15.17 | 58.11 | 9.57 | 4.7 |
| 2019 (6) | 2.15 | -10.79 | 17.89 | -7.88 | 5.50 | -14.99 | 8.67 | 21.76 | 7.65 | -16.94 | 6.57 | -18.28 | 6.10 | -13.23 | 3.33 | -12.37 | 0.44 | 4.76 | 19.35 | -1.33 | 112.32 | 0.96 | 71.94 | 2.46 | 28.06 | -5.8 | 9.60 | -6.41 | 9.14 | -7.02 |
| 2018 (5) | 2.41 | 49.69 | 19.42 | -14.86 | 6.47 | -8.62 | 7.12 | -2.13 | 9.21 | 18.84 | 8.04 | 23.31 | 7.03 | 25.76 | 3.80 | 19.5 | 0.42 | 0.0 | 19.61 | 6.75 | 111.25 | 8.82 | 70.22 | -23.15 | 29.78 | 245.07 | 10.25 | -12.14 | 9.83 | 1.87 |
| 2017 (4) | 1.61 | 27.78 | 22.81 | -3.8 | 7.08 | 5.2 | 7.28 | 2.64 | 7.75 | 4.87 | 6.52 | 10.88 | 5.59 | 12.7 | 3.18 | 11.19 | 0.42 | 0.0 | 18.37 | 4.97 | 102.23 | -1.32 | 91.37 | 0.31 | 8.63 | -3.19 | 11.67 | 0 | 9.65 | 1.9 |
| 2016 (3) | 1.26 | -21.74 | 23.71 | 2.37 | 6.73 | 1.05 | 7.09 | 7.97 | 7.39 | -18.25 | 5.88 | -12.76 | 4.96 | -11.59 | 2.86 | -13.07 | 0.42 | -2.33 | 17.50 | -5.61 | 103.60 | 4.41 | 91.08 | 23.64 | 8.92 | -66.14 | 0.00 | 0 | 9.47 | 6.17 |
| 2015 (2) | 1.61 | -27.15 | 23.16 | 14.26 | 6.66 | 34.0 | 6.57 | 11.87 | 9.04 | -0.55 | 6.74 | -6.65 | 5.61 | -13.69 | 3.29 | -14.32 | 0.43 | -12.24 | 18.54 | 8.42 | 99.22 | 12.14 | 73.67 | 34.94 | 26.33 | -42.01 | 0.00 | 0 | 8.92 | 12.77 |
| 2014 (1) | 2.21 | -19.64 | 20.27 | 0 | 4.97 | 0 | 5.87 | -0.46 | 9.09 | 0 | 7.22 | 0 | 6.50 | 0 | 3.84 | 0 | 0.49 | -7.55 | 17.10 | -2.34 | 88.48 | 7.5 | 54.59 | -2.95 | 45.41 | 3.79 | 0.00 | 0 | 7.91 | 9.56 |
