- 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) | 0.84 | 7.69 | 78.72 | 25.96 | 2.81 | 5.49 | 12.13 | 9.28 | 8.98 | 17.69 | 11.75 | 65.64 | 14.14 | 16.57 | 92.12 | 2.26 | 5.12 | 76.56 | 1.56 | 8.33 | 71.43 | 0.11 | 0.0 | -8.33 | 22.21 | 11.44 | 53.17 | 49.08 | -8.21 | 0.82 | 68.58 | -2.14 | -34.2 | 31.42 | 5.02 | 843.34 | 19.09 | -4.93 | -2.05 |
| 24Q2 (19) | 0.78 | 41.82 | -22.77 | 25.25 | -2.55 | -2.02 | 11.10 | -6.72 | -6.09 | 15.83 | 22.81 | -14.15 | 12.13 | 29.46 | -18.97 | 2.15 | 39.61 | -14.34 | 1.44 | 34.58 | -16.76 | 0.11 | 0.0 | 0.0 | 19.93 | 16.41 | -10.31 | 53.47 | -5.41 | 8.83 | 70.09 | -24.08 | 9.38 | 29.91 | 289.31 | -16.74 | 20.08 | -0.69 | 2.5 |
| 24Q1 (18) | 0.55 | 5.77 | -29.49 | 25.91 | -0.04 | 6.41 | 11.90 | 13.33 | 4.48 | 12.89 | 8.96 | -12.19 | 9.37 | 9.85 | -19.91 | 1.54 | 7.69 | -21.43 | 1.07 | 3.88 | -21.32 | 0.11 | 0.0 | 0.0 | 17.12 | 5.42 | -6.24 | 56.53 | 19.56 | 17.33 | 92.32 | 4.07 | 18.97 | 7.68 | -31.61 | -65.71 | 20.22 | -4.44 | 2.69 |
| 23Q4 (17) | 0.52 | 10.64 | 8.33 | 25.92 | 5.32 | 12.79 | 10.50 | -5.66 | 19.59 | 11.83 | 10.77 | 18.3 | 8.53 | 15.9 | 14.19 | 1.43 | 11.72 | 6.72 | 1.03 | 13.19 | 10.75 | 0.11 | -8.33 | -8.33 | 16.24 | 12.0 | 21.1 | 47.28 | -2.88 | 1.31 | 88.71 | -14.89 | 1.06 | 11.24 | 365.85 | -8.1 | 21.16 | 8.57 | 3.27 |
| 23Q3 (16) | 0.47 | -53.47 | -7.84 | 24.61 | -4.5 | 9.18 | 11.13 | -5.84 | 25.48 | 10.68 | -42.08 | 2.2 | 7.36 | -50.84 | -12.17 | 1.28 | -49.0 | -16.34 | 0.91 | -47.4 | -12.5 | 0.12 | 9.09 | 0.0 | 14.50 | -34.74 | 5.3 | 48.68 | -0.92 | -4.32 | 104.23 | 62.66 | 22.87 | -4.23 | -111.76 | -127.98 | 19.49 | -0.51 | 1.67 |
| 23Q2 (15) | 1.01 | 29.49 | 110.42 | 25.77 | 5.83 | 12.19 | 11.82 | 3.78 | 33.56 | 18.44 | 25.61 | 71.06 | 14.97 | 27.95 | 85.96 | 2.51 | 28.06 | 74.31 | 1.73 | 27.21 | 78.35 | 0.11 | 0.0 | -8.33 | 22.22 | 21.69 | 56.37 | 49.13 | 1.97 | -8.54 | 64.07 | -17.42 | -21.94 | 35.93 | 60.34 | 100.46 | 19.59 | -0.51 | -0.81 |
| 23Q1 (14) | 0.78 | 62.5 | 358.82 | 24.35 | 5.96 | 11.19 | 11.39 | 29.73 | 37.56 | 14.68 | 46.8 | 154.86 | 11.70 | 56.63 | 257.8 | 1.96 | 46.27 | 284.31 | 1.36 | 46.24 | 257.89 | 0.11 | -8.33 | 0.0 | 18.26 | 36.17 | 94.67 | 48.18 | 3.24 | -8.49 | 77.59 | -11.6 | -46.07 | 22.41 | 83.26 | 151.07 | 19.69 | -3.9 | 0.2 |
| 22Q4 (13) | 0.48 | -5.88 | 11.63 | 22.98 | 1.95 | 9.43 | 8.78 | -1.01 | 6.17 | 10.00 | -4.31 | 62.34 | 7.47 | -10.86 | 4.62 | 1.34 | -12.42 | 28.85 | 0.93 | -10.58 | 24.0 | 0.12 | 0.0 | 20.0 | 13.41 | -2.61 | 39.54 | 46.67 | -8.27 | 9.02 | 87.77 | 3.47 | -34.61 | 12.23 | -19.07 | 135.71 | 20.49 | 6.89 | -0.34 |
| 22Q3 (12) | 0.51 | 6.25 | -32.0 | 22.54 | -1.87 | 6.88 | 8.87 | 0.23 | 56.16 | 10.45 | -3.06 | -35.09 | 8.38 | 4.1 | -35.59 | 1.53 | 6.25 | -17.3 | 1.04 | 7.22 | -20.61 | 0.12 | 0.0 | 20.0 | 13.77 | -3.1 | -30.98 | 50.88 | -5.29 | 17.07 | 84.83 | 3.35 | 140.5 | 15.11 | -15.7 | -76.66 | 19.17 | -2.94 | -11.04 |
| 22Q2 (11) | 0.48 | 182.35 | -29.41 | 22.97 | 4.89 | -3.77 | 8.85 | 6.88 | 7.8 | 10.78 | 87.15 | -21.43 | 8.05 | 146.18 | -34.66 | 1.44 | 182.35 | -23.81 | 0.97 | 155.26 | -25.38 | 0.12 | 9.09 | 20.0 | 14.21 | 51.49 | -19.58 | 53.72 | 2.03 | 16.99 | 82.08 | -42.95 | 37.16 | 17.92 | 140.85 | -55.38 | 19.75 | 0.51 | -11.04 |
| 22Q1 (10) | 0.17 | -60.47 | -67.92 | 21.90 | 4.29 | -7.01 | 8.28 | 0.12 | 15.64 | 5.76 | -6.49 | -53.59 | 3.27 | -54.2 | -69.35 | 0.51 | -50.96 | -70.18 | 0.38 | -49.33 | -66.67 | 0.11 | 10.0 | 10.0 | 9.38 | -2.39 | -44.53 | 52.65 | 22.99 | -2.52 | 143.88 | 7.18 | 149.43 | -43.88 | -28.15 | -203.68 | 19.65 | -4.43 | -17.23 |
| 21Q4 (9) | 0.43 | -42.67 | 7.5 | 21.00 | -0.43 | 2.14 | 8.27 | 45.6 | 19.86 | 6.16 | -61.74 | -23.48 | 7.14 | -45.12 | -0.97 | 1.04 | -43.78 | -21.8 | 0.75 | -42.75 | -15.73 | 0.10 | 0.0 | -16.67 | 9.61 | -51.83 | -26.75 | 42.81 | -1.5 | -23.92 | 134.24 | 280.58 | 56.53 | -34.24 | -152.9 | -338.72 | 20.56 | -4.59 | -6.84 |
| 21Q3 (8) | 0.75 | 10.29 | 82.93 | 21.09 | -11.65 | -5.09 | 5.68 | -30.82 | -8.53 | 16.10 | 17.35 | 90.98 | 13.01 | 5.6 | 90.76 | 1.85 | -2.12 | 59.48 | 1.31 | 0.77 | 70.13 | 0.10 | 0.0 | -9.09 | 19.95 | 12.9 | 53.94 | 43.46 | -5.36 | -24.26 | 35.27 | -41.06 | -52.13 | 64.73 | 61.18 | 145.92 | 21.55 | -2.93 | -2.58 |
| 21Q2 (7) | 0.68 | 28.3 | -9.33 | 23.87 | 1.36 | -10.63 | 8.21 | 14.66 | -20.06 | 13.72 | 10.56 | -13.98 | 12.32 | 15.46 | -13.06 | 1.89 | 10.53 | -24.7 | 1.30 | 14.04 | -17.2 | 0.10 | 0.0 | -9.09 | 17.67 | 4.49 | -15.05 | 45.92 | -14.98 | -22.75 | 59.84 | 3.74 | -7.08 | 40.16 | -5.1 | 12.8 | 22.20 | -6.49 | 0 |
| 21Q1 (6) | 0.53 | 32.5 | 130.43 | 23.55 | 14.54 | -5.16 | 7.16 | 3.77 | -5.54 | 12.41 | 54.16 | 107.53 | 10.67 | 47.99 | 110.87 | 1.71 | 28.57 | 92.13 | 1.14 | 28.09 | 93.22 | 0.10 | -16.67 | -9.09 | 16.91 | 28.89 | 51.66 | 54.01 | -4.02 | -24.81 | 57.68 | -32.74 | -54.51 | 42.32 | 195.05 | 257.89 | 23.74 | 7.57 | -1.41 |
| 20Q4 (5) | 0.40 | -2.44 | 21.21 | 20.56 | -7.47 | -0.24 | 6.90 | 11.11 | 25.91 | 8.05 | -4.51 | 17.69 | 7.21 | 5.72 | 32.29 | 1.33 | 14.66 | 24.3 | 0.89 | 15.58 | 25.35 | 0.12 | 9.09 | 0.0 | 13.12 | 1.23 | 16.21 | 56.27 | -1.93 | -7.13 | 85.76 | 16.39 | 7.03 | 14.34 | -45.51 | -27.85 | 22.07 | -0.23 | 4.65 |
| 20Q3 (4) | 0.41 | -45.33 | 0.0 | 22.22 | -16.81 | 0.0 | 6.21 | -39.53 | 0.0 | 8.43 | -47.15 | 0.0 | 6.82 | -51.87 | 0.0 | 1.16 | -53.78 | 0.0 | 0.77 | -50.96 | 0.0 | 0.11 | 0.0 | 0.0 | 12.96 | -37.69 | 0.0 | 57.38 | -3.47 | 0.0 | 73.68 | 14.41 | 0.0 | 26.32 | -26.07 | 0.0 | 22.12 | 0 | 0.0 |
| 20Q2 (3) | 0.75 | 226.09 | 0.0 | 26.71 | 7.57 | 0.0 | 10.27 | 35.49 | 0.0 | 15.95 | 166.72 | 0.0 | 14.17 | 180.04 | 0.0 | 2.51 | 182.02 | 0.0 | 1.57 | 166.1 | 0.0 | 0.11 | 0.0 | 0.0 | 20.80 | 86.55 | 0.0 | 59.44 | -17.25 | 0.0 | 64.40 | -49.21 | 0.0 | 35.60 | 232.83 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.23 | -30.3 | 0.0 | 24.83 | 20.48 | 0.0 | 7.58 | 38.32 | 0.0 | 5.98 | -12.57 | 0.0 | 5.06 | -7.16 | 0.0 | 0.89 | -16.82 | 0.0 | 0.59 | -16.9 | 0.0 | 0.11 | -8.33 | 0.0 | 11.15 | -1.24 | 0.0 | 71.83 | 18.55 | 0.0 | 126.80 | 58.26 | 0.0 | -26.80 | -234.83 | 0.0 | 24.08 | 14.18 | 0.0 |
| 19Q4 (1) | 0.33 | 0.0 | 0.0 | 20.61 | 0.0 | 0.0 | 5.48 | 0.0 | 0.0 | 6.84 | 0.0 | 0.0 | 5.45 | 0.0 | 0.0 | 1.07 | 0.0 | 0.0 | 0.71 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 11.29 | 0.0 | 0.0 | 60.59 | 0.0 | 0.0 | 80.12 | 0.0 | 0.0 | 19.88 | 0.0 | 0.0 | 21.09 | 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) | 2.76 | 68.29 | 25.16 | 11.28 | 11.22 | 28.97 | 3.35 | 66.83 | 13.93 | 49.78 | 10.66 | 55.62 | 7.33 | 66.97 | 5.19 | 64.24 | 0.47 | 6.82 | 17.82 | 39.87 | 47.28 | 1.31 | 80.53 | -13.95 | 19.47 | 203.36 | 3.80 | 2.96 | 19.97 | 1.01 |
| 2022 (9) | 1.64 | -31.09 | 22.61 | 1.34 | 8.70 | 18.53 | 2.01 | -14.74 | 9.30 | -22.5 | 6.85 | -36.22 | 4.39 | -34.87 | 3.16 | -32.48 | 0.44 | 4.76 | 12.74 | -19.97 | 46.67 | 9.02 | 93.58 | 53.07 | 6.42 | -83.49 | 3.69 | 13.45 | 19.77 | -9.89 |
| 2021 (8) | 2.38 | 31.49 | 22.31 | -4.98 | 7.34 | -4.8 | 2.35 | -22.76 | 12.00 | 25.0 | 10.74 | 29.09 | 6.74 | 14.43 | 4.68 | 19.69 | 0.42 | -6.67 | 15.92 | 9.72 | 42.81 | -23.92 | 61.13 | -23.88 | 38.87 | 97.47 | 3.25 | -34.83 | 21.94 | -4.44 |
| 2020 (7) | 1.81 | 9.7 | 23.48 | -2.0 | 7.71 | 4.47 | 3.05 | 9.91 | 9.60 | 3.56 | 8.32 | 13.35 | 5.89 | 0.51 | 3.91 | 0.26 | 0.45 | -10.0 | 14.51 | 4.61 | 56.27 | -7.13 | 80.32 | 0.83 | 19.68 | -3.25 | 4.99 | -4.99 | 22.96 | 1.86 |
| 2019 (6) | 1.65 | 3.77 | 23.96 | -0.37 | 7.38 | 4.98 | 2.77 | -0.3 | 9.27 | 8.42 | 7.34 | 5.76 | 5.86 | -1.84 | 3.90 | -1.76 | 0.50 | -7.41 | 13.87 | 15.1 | 60.59 | 5.82 | 79.66 | -3.01 | 20.34 | 13.82 | 5.25 | -13.12 | 22.54 | -1.53 |
| 2018 (5) | 1.59 | 1.92 | 24.05 | 0.42 | 7.03 | 2.48 | 2.78 | 3.08 | 8.55 | 0.0 | 6.94 | -0.29 | 5.97 | -4.33 | 3.97 | -2.46 | 0.54 | -1.82 | 12.05 | 0.75 | 57.26 | -2.93 | 82.13 | 2.28 | 17.87 | -9.31 | 6.04 | 0 | 22.89 | 4.0 |
| 2017 (4) | 1.56 | -11.36 | 23.95 | -8.97 | 6.86 | -18.24 | 2.70 | -13.13 | 8.55 | -13.46 | 6.96 | -13.97 | 6.24 | -17.13 | 4.07 | -15.73 | 0.55 | -1.79 | 11.96 | -11.73 | 58.99 | -10.31 | 80.29 | -5.45 | 19.71 | 30.66 | 0.00 | 0 | 22.01 | -0.36 |
| 2016 (3) | 1.76 | 10.0 | 26.31 | 3.14 | 8.39 | 7.7 | 3.10 | 25.63 | 9.88 | 5.22 | 8.09 | 11.89 | 7.53 | 12.22 | 4.83 | 9.03 | 0.56 | -3.45 | 13.55 | 7.97 | 65.77 | 2.49 | 84.92 | 2.29 | 15.08 | -11.31 | 0.00 | 0 | 22.09 | 3.22 |
| 2015 (2) | 1.60 | -21.95 | 25.51 | 2.37 | 7.79 | -5.35 | 2.47 | 12.56 | 9.39 | -11.42 | 7.23 | -11.72 | 6.71 | -23.75 | 4.43 | -23.09 | 0.58 | -13.43 | 12.55 | -7.04 | 64.17 | 16.21 | 83.02 | 6.98 | 17.01 | -24.09 | 0.00 | 0 | 21.40 | 11.4 |
| 2014 (1) | 2.05 | 1.99 | 24.92 | 0 | 8.23 | 0 | 2.20 | -2.2 | 10.60 | 0 | 8.19 | 0 | 8.80 | 0 | 5.76 | 0 | 0.67 | -11.84 | 13.50 | 7.66 | 55.22 | -14.47 | 77.60 | -9.37 | 22.40 | 55.59 | 0.00 | 0 | 19.21 | 8.16 |
