- 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) | 0.88 | -17.76 | -11.11 | 65.12 | 16.41 | 3.64 | 53.33 | 66.6 | -5.02 | 68.54 | -16.34 | 2.9 | 66.16 | -41.63 | 9.45 | 2.21 | -19.93 | -19.05 | 1.46 | -17.05 | -14.62 | 0.02 | 100.0 | -33.33 | 92.19 | -16.11 | 13.13 | 65.29 | -4.42 | -10.18 | 77.84 | 100.34 | -7.67 | 22.16 | -63.76 | 41.2 | 6.38 | -49.49 | 39.0 |
| 24Q2 (19) | 1.07 | 32.1 | 67.19 | 55.94 | -11.47 | -10.68 | 32.01 | -36.31 | -34.43 | 81.93 | -20.85 | -7.33 | 113.35 | 22.51 | 48.33 | 2.76 | 28.97 | 55.06 | 1.76 | 26.62 | 53.04 | 0.01 | 0.0 | 0.0 | 109.90 | -16.51 | -6.67 | 68.31 | -4.13 | -9.34 | 38.85 | -20.11 | -30.25 | 61.15 | 19.04 | 35.98 | 12.63 | 33.09 | 29.41 |
| 24Q1 (18) | 0.81 | 39.66 | 30.65 | 63.19 | 3.17 | 1.94 | 50.26 | 4.58 | 3.06 | 103.51 | 42.44 | 26.37 | 92.52 | 47.51 | 27.67 | 2.14 | 38.06 | 21.59 | 1.39 | 32.38 | 24.11 | 0.01 | 0.0 | 0.0 | 131.64 | 32.34 | 19.86 | 71.25 | 3.37 | -8.91 | 48.63 | -26.51 | -17.79 | 51.37 | 51.87 | 27.96 | 9.49 | -9.62 | 2.15 |
| 23Q4 (17) | 0.58 | -41.41 | 3.57 | 61.25 | -2.51 | 10.26 | 48.06 | -14.41 | -3.01 | 72.67 | 9.1 | 12.68 | 62.72 | 3.76 | 6.83 | 1.55 | -43.22 | -4.91 | 1.05 | -38.6 | 0.96 | 0.01 | -66.67 | -50.0 | 99.47 | 22.06 | 13.34 | 68.93 | -5.17 | -10.48 | 66.18 | -21.5 | -14.04 | 33.82 | 115.5 | 46.96 | 10.50 | 128.76 | 35.14 |
| 23Q3 (16) | 0.99 | 54.69 | 73.68 | 62.83 | 0.32 | 1.52 | 56.15 | 15.01 | 6.73 | 66.61 | -24.66 | 29.44 | 60.45 | -20.9 | 32.86 | 2.73 | 53.37 | 65.45 | 1.71 | 48.7 | 66.02 | 0.03 | 200.0 | 50.0 | 81.49 | -30.79 | 17.81 | 72.69 | -3.53 | -8.18 | 84.30 | 51.34 | -17.6 | 15.70 | -65.1 | 780.12 | 4.59 | -52.97 | -24.13 |
| 23Q2 (15) | 0.64 | 3.23 | 39.13 | 62.63 | 1.03 | 6.12 | 48.82 | 0.1 | 2.67 | 88.41 | 7.94 | 31.78 | 76.42 | 5.45 | 41.39 | 1.78 | 1.14 | 30.88 | 1.15 | 2.68 | 36.9 | 0.01 | 0.0 | 0.0 | 117.75 | 7.21 | 29.82 | 75.35 | -3.67 | -9.21 | 55.70 | -5.83 | -21.88 | 44.97 | 12.02 | 52.09 | 9.76 | 5.06 | 15.5 |
| 23Q1 (14) | 0.62 | 10.71 | 51.22 | 61.99 | 11.59 | -5.93 | 48.77 | -1.57 | -15.34 | 81.91 | 27.01 | 54.05 | 72.47 | 23.44 | 56.79 | 1.76 | 7.98 | 43.09 | 1.12 | 7.69 | 41.77 | 0.01 | -50.0 | -50.0 | 109.83 | 25.15 | 46.17 | 78.22 | 1.58 | 0.12 | 59.15 | -23.16 | -45.4 | 40.14 | 74.41 | 581.69 | 9.29 | 19.56 | 76.62 |
| 22Q4 (13) | 0.56 | -1.75 | -6.67 | 55.55 | -10.24 | 3.21 | 49.55 | -5.82 | 34.25 | 64.49 | 25.32 | 2.35 | 58.71 | 29.03 | -4.24 | 1.63 | -1.21 | -9.94 | 1.04 | 0.97 | -7.96 | 0.02 | 0.0 | 0.0 | 87.76 | 26.88 | 5.95 | 77.00 | -2.74 | 1.46 | 76.98 | -24.75 | 31.82 | 23.02 | 1097.35 | -44.67 | 7.77 | 28.43 | 1.3 |
| 22Q3 (12) | 0.57 | 23.91 | 14.0 | 61.89 | 4.86 | -16.69 | 52.61 | 10.64 | -11.39 | 51.46 | -23.3 | -16.97 | 45.50 | -15.82 | -18.91 | 1.65 | 21.32 | 6.45 | 1.03 | 22.62 | 4.04 | 0.02 | 100.0 | 0.0 | 69.17 | -23.74 | -17.09 | 79.17 | -4.6 | 10.1 | 102.31 | 43.48 | 6.1 | -2.31 | -107.81 | -151.69 | 6.05 | -28.4 | -46.03 |
| 22Q2 (11) | 0.46 | 12.2 | -6.12 | 59.02 | -10.44 | -14.72 | 47.55 | -17.46 | -8.82 | 67.09 | 26.18 | -23.04 | 54.05 | 16.94 | -23.95 | 1.36 | 10.57 | -11.69 | 0.84 | 6.33 | -13.4 | 0.01 | -50.0 | 0.0 | 90.70 | 20.71 | -20.64 | 82.99 | 6.22 | 13.7 | 71.30 | -34.18 | 19.17 | 29.57 | 454.78 | -26.39 | 8.45 | 60.65 | -5.48 |
| 22Q1 (10) | 0.41 | -31.67 | -38.81 | 65.90 | 22.45 | -14.34 | 57.61 | 56.08 | -9.77 | 53.17 | -15.62 | -41.9 | 46.22 | -24.61 | -39.09 | 1.23 | -32.04 | -41.98 | 0.79 | -30.09 | -39.23 | 0.02 | 0.0 | 0.0 | 75.14 | -9.28 | -33.42 | 78.13 | 2.95 | 3.35 | 108.33 | 85.5 | 55.85 | -8.33 | -120.03 | -127.89 | 5.26 | -31.42 | -42.76 |
| 21Q4 (9) | 0.60 | 20.0 | 0.0 | 53.82 | -27.55 | -26.37 | 36.91 | -37.83 | -36.81 | 63.01 | 1.66 | -9.57 | 61.31 | 9.27 | -9.09 | 1.81 | 16.77 | -5.24 | 1.13 | 14.14 | -3.42 | 0.02 | 0.0 | 0.0 | 82.83 | -0.72 | -9.59 | 75.89 | 5.53 | 0.32 | 58.40 | -39.44 | -30.48 | 41.60 | 831.84 | 160.0 | 7.67 | -31.58 | -22.53 |
| 21Q3 (8) | 0.50 | 2.04 | 2.04 | 74.29 | 7.34 | 6.59 | 59.37 | 13.84 | 15.6 | 61.98 | -28.91 | -31.69 | 56.11 | -21.05 | -28.73 | 1.55 | 0.65 | -1.9 | 0.99 | 2.06 | 2.06 | 0.02 | 100.0 | 100.0 | 83.43 | -27.0 | -29.45 | 71.91 | -1.48 | -8.78 | 96.43 | 61.15 | 70.6 | 4.46 | -88.88 | -89.73 | 11.21 | 25.39 | -11.8 |
| 21Q2 (7) | 0.49 | -26.87 | -2.0 | 69.21 | -10.04 | -1.83 | 52.15 | -18.32 | -1.02 | 87.18 | -4.74 | -19.69 | 71.07 | -6.34 | -14.36 | 1.54 | -27.36 | -4.94 | 0.97 | -25.38 | -2.02 | 0.01 | -50.0 | 0.0 | 114.29 | 1.28 | -14.63 | 72.99 | -3.45 | -8.17 | 59.84 | -13.92 | 23.35 | 40.16 | 34.43 | -22.0 | 8.94 | -2.72 | -18.36 |
| 21Q1 (6) | 0.67 | 11.67 | 294.12 | 76.93 | 5.24 | -5.02 | 63.85 | 9.31 | -11.41 | 91.52 | 31.34 | 195.42 | 75.88 | 12.51 | 291.94 | 2.12 | 10.99 | 300.0 | 1.30 | 11.11 | 225.0 | 0.02 | 0.0 | 0.0 | 112.85 | 23.17 | 123.16 | 75.60 | -0.07 | -2.41 | 69.51 | -17.25 | -69.9 | 29.88 | 86.74 | 122.82 | 9.19 | -7.17 | 80.55 |
| 20Q4 (5) | 0.60 | 22.45 | 106.9 | 73.10 | 4.88 | 51.57 | 58.41 | 13.73 | 806.99 | 69.68 | -23.21 | 364.22 | 67.44 | -14.34 | 52.1 | 1.91 | 20.89 | 114.61 | 1.17 | 20.62 | 88.71 | 0.02 | 100.0 | 100.0 | 91.62 | -22.52 | 118.25 | 75.65 | -4.03 | 9.1 | 84.00 | 48.62 | 110.0 | 16.00 | -63.2 | -70.91 | 9.90 | -22.11 | 0 |
| 20Q3 (4) | 0.49 | -2.0 | 0.0 | 69.70 | -1.13 | 0.0 | 51.36 | -2.52 | 0.0 | 90.74 | -16.41 | 0.0 | 78.73 | -5.13 | 0.0 | 1.58 | -2.47 | 0.0 | 0.97 | -2.02 | 0.0 | 0.01 | 0.0 | 0.0 | 118.25 | -11.67 | 0.0 | 78.83 | -0.82 | 0.0 | 56.52 | 16.52 | 0.0 | 43.48 | -15.56 | 0.0 | 12.71 | 16.07 | 0.0 |
| 20Q2 (3) | 0.50 | 194.12 | 0.0 | 70.50 | -12.96 | 0.0 | 52.69 | -26.89 | 0.0 | 108.55 | 250.39 | 0.0 | 82.99 | 328.67 | 0.0 | 1.62 | 205.66 | 0.0 | 0.99 | 147.5 | 0.0 | 0.01 | -50.0 | 0.0 | 133.87 | 164.72 | 0.0 | 79.48 | 2.59 | 0.0 | 48.51 | -78.99 | 0.0 | 51.49 | 139.33 | 0.0 | 10.95 | 115.13 | 0.0 |
| 20Q1 (2) | 0.17 | -41.38 | 0.0 | 81.00 | 67.95 | 0.0 | 72.07 | 1019.1 | 0.0 | 30.98 | 106.4 | 0.0 | 19.36 | -56.34 | 0.0 | 0.53 | -40.45 | 0.0 | 0.40 | -35.48 | 0.0 | 0.02 | 100.0 | 0.0 | 50.57 | 20.46 | 0.0 | 77.47 | 11.72 | 0.0 | 230.91 | 477.27 | 0.0 | -130.91 | -338.02 | 0.0 | 5.09 | 0 | 0.0 |
| 19Q4 (1) | 0.29 | 0.0 | 0.0 | 48.23 | 0.0 | 0.0 | 6.44 | 0.0 | 0.0 | 15.01 | 0.0 | 0.0 | 44.34 | 0.0 | 0.0 | 0.89 | 0.0 | 0.0 | 0.62 | 0.0 | 0.0 | 0.01 | 0.0 | 0.0 | 41.98 | 0.0 | 0.0 | 69.34 | 0.0 | 0.0 | 40.00 | 0.0 | 0.0 | 55.00 | 0.0 | 0.0 | 0.00 | 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) | 2.82 | 41.0 | 62.28 | 2.72 | 51.48 | -0.81 | 12.50 | -4.52 | 75.25 | 28.87 | 66.47 | 31.03 | 7.79 | 33.16 | 5.06 | 35.29 | 0.07 | 0.0 | 97.92 | 22.89 | 68.93 | -10.48 | 68.46 | -22.98 | 31.54 | 183.85 | 0.00 | 0 | 7.83 | 14.98 |
| 2022 (9) | 2.00 | -11.11 | 60.63 | -11.03 | 51.90 | -1.54 | 13.09 | -11.28 | 58.39 | -22.04 | 50.73 | -22.73 | 5.85 | -15.83 | 3.74 | -13.23 | 0.07 | 16.67 | 79.68 | -17.85 | 77.00 | 1.46 | 88.89 | 26.33 | 11.11 | -62.51 | 0.00 | 0 | 6.81 | -26.22 |
| 2021 (8) | 2.25 | 27.84 | 68.15 | -8.1 | 52.71 | -11.78 | 14.76 | 0.31 | 74.90 | 5.88 | 65.65 | 11.33 | 6.95 | 25.68 | 4.31 | 20.73 | 0.06 | 20.0 | 96.99 | 3.31 | 75.89 | 0.32 | 70.36 | -16.81 | 29.64 | 89.32 | 0.00 | 0 | 9.23 | -0.75 |
| 2020 (7) | 1.76 | -59.35 | 74.16 | 11.65 | 59.75 | 46.02 | 14.71 | 1.75 | 70.74 | 31.24 | 58.97 | -61.83 | 5.53 | 15.69 | 3.57 | 12.62 | 0.05 | 0.0 | 93.88 | 20.67 | 75.65 | 9.1 | 84.58 | 11.23 | 15.65 | -34.67 | 0.00 | 0 | 9.30 | -37.12 |
| 2019 (6) | 4.33 | 252.03 | 66.42 | -5.34 | 40.92 | -22.7 | 14.46 | 20.41 | 53.90 | 4.3 | 154.51 | 260.92 | 4.78 | 8.39 | 3.17 | 8.93 | 0.05 | -16.67 | 77.80 | 6.47 | 69.34 | -11.73 | 76.04 | -25.93 | 23.96 | 0 | 0.00 | 0 | 14.79 | 45.0 |
| 2018 (5) | 1.23 | -23.13 | 70.17 | 0.33 | 52.94 | 2.46 | 12.01 | 6.13 | 51.68 | -19.66 | 42.81 | -24.31 | 4.41 | -25.76 | 2.91 | -24.42 | 0.06 | 0.0 | 73.07 | -16.93 | 78.55 | 0.76 | 102.66 | 28.05 | -2.33 | 0 | 0.00 | 0 | 10.20 | -4.67 |
| 2017 (4) | 1.60 | -26.94 | 69.94 | 8.96 | 51.67 | 18.35 | 11.31 | 3.8 | 64.33 | -21.99 | 56.56 | -24.01 | 5.94 | -32.73 | 3.85 | -27.08 | 0.06 | 0.0 | 87.96 | -17.46 | 77.96 | -8.93 | 80.17 | 51.15 | 19.55 | -58.38 | 0.00 | 0 | 10.70 | 5.0 |
| 2016 (3) | 2.19 | 742.31 | 64.19 | 154.12 | 43.66 | 287.06 | 10.90 | -39.44 | 82.46 | 1032.69 | 74.43 | 1017.57 | 8.83 | 688.39 | 5.28 | 312.5 | 0.06 | -25.0 | 106.57 | 201.39 | 85.60 | -12.61 | 53.04 | -66.03 | 46.96 | 0 | 0.00 | 0 | 10.19 | -58.34 |
| 2015 (2) | 0.26 | -75.47 | 25.26 | 19.6 | 11.28 | 28.91 | 18.00 | 41.39 | 7.28 | -66.48 | 6.66 | -66.36 | 1.12 | -76.12 | 1.28 | -57.76 | 0.08 | -33.33 | 35.36 | -15.51 | 97.95 | 0.71 | 156.14 | 285.47 | -56.14 | 0 | 0.00 | 0 | 24.46 | 3.91 |
| 2014 (1) | 1.06 | 0 | 21.12 | 0 | 8.75 | 0 | 12.73 | -43.16 | 21.72 | 0 | 19.80 | 0 | 4.69 | 0 | 3.03 | 0 | 0.12 | -14.29 | 41.85 | 0 | 97.26 | -10.84 | 40.51 | 54.58 | 59.92 | -19.02 | 0.00 | 0 | 23.54 | 16.36 |
