- 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) | 0.57 | -25.97 | -13.64 | 19.08 | -2.2 | 6.71 | 9.66 | -8.78 | 18.67 | 9.61 | -14.8 | -1.03 | 7.90 | -13.09 | -1.62 | 2.78 | -24.66 | -28.17 | 1.48 | -20.43 | -5.13 | 0.18 | -10.0 | 0.0 | 11.09 | -11.63 | -0.09 | 88.14 | -18.71 | -45.37 | 100.53 | 6.95 | 19.89 | -0.53 | -108.91 | -103.31 | 10.89 | 2.93 | -1.36 |
| 24Q2 (19) | 0.77 | -13.48 | 13.24 | 19.51 | 4.16 | 19.55 | 10.59 | 6.65 | 26.67 | 11.28 | -12.22 | 21.29 | 9.09 | -16.91 | 24.18 | 3.69 | -17.63 | -10.87 | 1.86 | -11.85 | 10.71 | 0.20 | 5.26 | -4.76 | 12.55 | -10.8 | 18.84 | 108.43 | 1.88 | -35.24 | 94.00 | 21.12 | 4.39 | 6.00 | -73.64 | -39.71 | 10.58 | -1.21 | 24.32 |
| 24Q1 (18) | 0.89 | -24.58 | 48.33 | 18.73 | -1.83 | 9.66 | 9.93 | -20.5 | 11.82 | 12.85 | 20.43 | 37.43 | 10.94 | 24.89 | 38.66 | 4.48 | -31.91 | 21.74 | 2.11 | -23.55 | 39.74 | 0.19 | -36.67 | 5.56 | 14.07 | 21.92 | 31.37 | 106.43 | -22.46 | -33.85 | 77.61 | -33.63 | -18.15 | 22.76 | 234.33 | 340.05 | 10.71 | 12.86 | 6.67 |
| 23Q4 (17) | 1.18 | 78.79 | 162.22 | 19.08 | 6.71 | 17.49 | 12.49 | 53.44 | 129.17 | 10.67 | 9.89 | 113.4 | 8.76 | 9.09 | 91.27 | 6.58 | 70.03 | 125.34 | 2.76 | 76.92 | 120.8 | 0.30 | 66.67 | 20.0 | 11.54 | 3.96 | 92.65 | 137.25 | -14.94 | -12.71 | 116.94 | 39.46 | 7.34 | -16.94 | -204.95 | -89.47 | 9.49 | -14.04 | -5.48 |
| 23Q3 (16) | 0.66 | -2.94 | 24.53 | 17.88 | 9.56 | 7.78 | 8.14 | -2.63 | 58.37 | 9.71 | 4.41 | 21.83 | 8.03 | 9.7 | 10.0 | 3.87 | -6.52 | 11.21 | 1.56 | -7.14 | 1.96 | 0.18 | -14.29 | -10.0 | 11.10 | 5.11 | 21.05 | 161.35 | -3.64 | 12.31 | 83.85 | -6.88 | 29.43 | 16.15 | 62.23 | -55.04 | 11.04 | 29.73 | 1.28 |
| 23Q2 (15) | 0.68 | 13.33 | 3.03 | 16.32 | -4.45 | 6.04 | 8.36 | -5.86 | 11.47 | 9.30 | -0.53 | 5.2 | 7.32 | -7.22 | -5.18 | 4.14 | 12.5 | 1.47 | 1.68 | 11.26 | -9.19 | 0.21 | 16.67 | -8.7 | 10.56 | -1.4 | 6.88 | 167.44 | 4.07 | 26.15 | 90.05 | -5.04 | 5.87 | 9.95 | 92.42 | -33.39 | 8.51 | -15.24 | -27.94 |
| 23Q1 (14) | 0.60 | 33.33 | 5.26 | 17.08 | 5.17 | -12.41 | 8.88 | 62.94 | 7.51 | 9.35 | 87.0 | -8.42 | 7.89 | 72.27 | -9.93 | 3.68 | 26.03 | 3.37 | 1.51 | 20.8 | -7.93 | 0.18 | -28.0 | 0.0 | 10.71 | 78.8 | -6.46 | 160.89 | 2.32 | 30.76 | 94.83 | -12.96 | 17.96 | 5.17 | 157.84 | -72.71 | 10.04 | 0.0 | -14.77 |
| 22Q4 (13) | 0.45 | -15.09 | 32.35 | 16.24 | -2.11 | 13.09 | 5.45 | 6.03 | 38.68 | 5.00 | -37.26 | 0.81 | 4.58 | -37.26 | 1.55 | 2.92 | -16.09 | 36.45 | 1.25 | -18.3 | 23.76 | 0.25 | 25.0 | 19.05 | 5.99 | -34.68 | -0.5 | 157.24 | 9.45 | 23.79 | 108.94 | 68.15 | 37.44 | -8.94 | -124.9 | -143.14 | 10.04 | -7.89 | -16.96 |
| 22Q3 (12) | 0.53 | -19.7 | 15.22 | 16.59 | 7.8 | -9.89 | 5.14 | -31.47 | -37.24 | 7.97 | -9.84 | -11.84 | 7.30 | -5.44 | -3.44 | 3.48 | -14.71 | 12.99 | 1.53 | -17.3 | 1.32 | 0.20 | -13.04 | 5.26 | 9.17 | -7.19 | -9.66 | 143.67 | 8.24 | 19.69 | 64.79 | -23.83 | -28.45 | 35.92 | 140.36 | 280.11 | 10.90 | -7.71 | -15.63 |
| 22Q2 (11) | 0.66 | 15.79 | 65.0 | 15.39 | -21.08 | -16.9 | 7.50 | -9.2 | 16.64 | 8.84 | -13.42 | 19.14 | 7.72 | -11.87 | 20.06 | 4.08 | 14.61 | 60.63 | 1.85 | 12.8 | 36.03 | 0.23 | 27.78 | 9.52 | 9.88 | -13.71 | 14.75 | 132.73 | 7.88 | 34.81 | 85.06 | 5.8 | -1.41 | 14.94 | -21.17 | 8.87 | 11.81 | 0.25 | -8.94 |
| 22Q1 (10) | 0.57 | 67.65 | 26.67 | 19.50 | 35.79 | 7.73 | 8.26 | 110.18 | -4.4 | 10.21 | 105.85 | 8.62 | 8.76 | 94.24 | 10.05 | 3.56 | 66.36 | 21.5 | 1.64 | 62.38 | 1.23 | 0.18 | -14.29 | -10.0 | 11.45 | 90.2 | 7.71 | 123.04 | -3.13 | 45.08 | 80.39 | 1.42 | -12.09 | 18.95 | -8.57 | 146.41 | 11.78 | -2.56 | -11.5 |
| 21Q4 (9) | 0.34 | -26.09 | 25.93 | 14.36 | -22.0 | -12.6 | 3.93 | -52.01 | -21.4 | 4.96 | -45.13 | -14.63 | 4.51 | -40.34 | 21.89 | 2.14 | -30.52 | 32.92 | 1.01 | -33.11 | 13.48 | 0.21 | 10.53 | -8.7 | 6.02 | -40.69 | -13.75 | 127.02 | 5.81 | 51.38 | 79.27 | -12.46 | -8.62 | 20.73 | 119.41 | 43.39 | 12.09 | -6.42 | -12.96 |
| 21Q3 (8) | 0.46 | 15.0 | 15.0 | 18.41 | -0.59 | 12.88 | 8.19 | 27.37 | 24.66 | 9.04 | 21.83 | 23.33 | 7.56 | 17.57 | 5.15 | 3.08 | 21.26 | 14.07 | 1.51 | 11.03 | 7.09 | 0.19 | -9.52 | 0.0 | 10.15 | 17.89 | 18.02 | 120.04 | 21.92 | 26.46 | 90.55 | 4.96 | 0.87 | 9.45 | -31.16 | -7.61 | 12.92 | -0.39 | -1.07 |
| 21Q2 (7) | 0.40 | -11.11 | -9.09 | 18.52 | 2.32 | -6.98 | 6.43 | -25.58 | -25.32 | 7.42 | -21.06 | -17.0 | 6.43 | -19.22 | -11.8 | 2.54 | -13.31 | -13.31 | 1.36 | -16.05 | -12.82 | 0.21 | 5.0 | 0.0 | 8.61 | -19.0 | -14.5 | 98.46 | 16.09 | -0.49 | 86.27 | -5.66 | -9.77 | 13.73 | 78.43 | 291.18 | 12.97 | -2.55 | 0 |
| 21Q1 (6) | 0.45 | 66.67 | 4.65 | 18.10 | 10.16 | -0.49 | 8.64 | 72.8 | 17.71 | 9.40 | 61.79 | 8.8 | 7.96 | 115.14 | 9.19 | 2.93 | 81.99 | 4.27 | 1.62 | 82.02 | 5.19 | 0.20 | -13.04 | -4.76 | 10.63 | 52.29 | 8.25 | 84.81 | 1.07 | 0.51 | 91.45 | 5.42 | 7.89 | 7.69 | -46.79 | -49.52 | 13.31 | -4.18 | -6.6 |
| 20Q4 (5) | 0.27 | -32.5 | -25.0 | 16.43 | 0.74 | 11.09 | 5.00 | -23.9 | 25.0 | 5.81 | -20.74 | 21.8 | 3.70 | -48.54 | -33.33 | 1.61 | -40.37 | -35.34 | 0.89 | -36.88 | -33.08 | 0.23 | 21.05 | 0.0 | 6.98 | -18.84 | 18.71 | 83.91 | -11.6 | -3.56 | 86.75 | -3.37 | 4.42 | 14.46 | 41.37 | -6.02 | 13.89 | 6.36 | 0 |
| 20Q3 (4) | 0.40 | -9.09 | 0.0 | 16.31 | -18.08 | 0.0 | 6.57 | -23.69 | 0.0 | 7.33 | -18.01 | 0.0 | 7.19 | -1.37 | 0.0 | 2.70 | -7.85 | 0.0 | 1.41 | -9.62 | 0.0 | 0.19 | -9.52 | 0.0 | 8.60 | -14.6 | 0.0 | 94.92 | -4.06 | 0.0 | 89.77 | -6.11 | 0.0 | 10.23 | 191.48 | 0.0 | 13.06 | 0 | 0.0 |
| 20Q2 (3) | 0.44 | 2.33 | 0.0 | 19.91 | 9.46 | 0.0 | 8.61 | 17.3 | 0.0 | 8.94 | 3.47 | 0.0 | 7.29 | 0.0 | 0.0 | 2.93 | 4.27 | 0.0 | 1.56 | 1.3 | 0.0 | 0.21 | 0.0 | 0.0 | 10.07 | 2.55 | 0.0 | 98.94 | 17.26 | 0.0 | 95.61 | 12.8 | 0.0 | 3.51 | -76.97 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.43 | 19.44 | 0.0 | 18.19 | 22.99 | 0.0 | 7.34 | 83.5 | 0.0 | 8.64 | 81.13 | 0.0 | 7.29 | 31.35 | 0.0 | 2.81 | 12.85 | 0.0 | 1.54 | 15.79 | 0.0 | 0.21 | -8.7 | 0.0 | 9.82 | 67.01 | 0.0 | 84.38 | -3.02 | 0.0 | 84.76 | 2.03 | 0.0 | 15.24 | -0.95 | 0.0 | 14.25 | 0 | 0.0 |
| 19Q4 (1) | 0.36 | 0.0 | 0.0 | 14.79 | 0.0 | 0.0 | 4.00 | 0.0 | 0.0 | 4.77 | 0.0 | 0.0 | 5.55 | 0.0 | 0.0 | 2.49 | 0.0 | 0.0 | 1.33 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 5.88 | 0.0 | 0.0 | 87.01 | 0.0 | 0.0 | 83.08 | 0.0 | 0.0 | 15.38 | 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) | 3.08 | 43.26 | 17.78 | 6.21 | 9.88 | 53.18 | 0.54 | -18.71 | 9.88 | 28.65 | 8.09 | 18.62 | 17.73 | 26.91 | 7.61 | 26.62 | 0.89 | 5.95 | 11.05 | 25.85 | 137.25 | -12.71 | 100.00 | 19.11 | 0.00 | 0 | 0.06 | -42.89 | 9.69 | -12.15 |
| 2022 (9) | 2.15 | 34.37 | 16.74 | -2.56 | 6.45 | -2.57 | 0.66 | -16.47 | 7.68 | 1.86 | 6.82 | 5.25 | 13.97 | 31.54 | 6.01 | 13.4 | 0.84 | 6.33 | 8.78 | 1.15 | 157.24 | 23.79 | 83.95 | -4.44 | 16.05 | 32.08 | 0.11 | -40.42 | 11.03 | -13.63 |
| 2021 (8) | 1.60 | 5.96 | 17.18 | -2.83 | 6.62 | -2.93 | 0.79 | -10.0 | 7.54 | -0.92 | 6.48 | 3.51 | 10.62 | 6.63 | 5.30 | -3.99 | 0.79 | -8.14 | 8.68 | -1.36 | 127.02 | 51.38 | 87.85 | -2.08 | 12.15 | 15.27 | 0.18 | -63.86 | 12.77 | -6.45 |
| 2020 (7) | 1.51 | 4.86 | 17.68 | 1.43 | 6.82 | 18.61 | 0.88 | -1.39 | 7.61 | 11.75 | 6.26 | 1.46 | 9.96 | 0.3 | 5.52 | 3.76 | 0.86 | 2.38 | 8.80 | 9.59 | 83.91 | -3.56 | 89.72 | 6.24 | 10.54 | -32.21 | 0.51 | 144.78 | 13.65 | 2.17 |
| 2019 (6) | 1.44 | 32.11 | 17.43 | 11.8 | 5.75 | 44.84 | 0.89 | 3.12 | 6.81 | 19.06 | 6.17 | 25.41 | 9.93 | 32.93 | 5.32 | 31.68 | 0.84 | 6.33 | 8.03 | 14.88 | 87.01 | -10.47 | 84.45 | 21.21 | 15.55 | -49.41 | 0.21 | -26.23 | 13.36 | -2.34 |
| 2018 (5) | 1.09 | 87.93 | 15.59 | 6.2 | 3.97 | 30.16 | 0.87 | -0.78 | 5.72 | 66.28 | 4.92 | 59.22 | 7.47 | 74.53 | 4.04 | 64.9 | 0.79 | 8.22 | 6.99 | 46.23 | 97.18 | 10.39 | 69.67 | -21.92 | 30.74 | 166.39 | 0.28 | -31.17 | 13.68 | -4.0 |
| 2017 (4) | 0.58 | 13.73 | 14.68 | 19.16 | 3.05 | 108.9 | 0.87 | 6.45 | 3.44 | 19.86 | 3.09 | 23.6 | 4.28 | 19.22 | 2.45 | 17.22 | 0.73 | -5.19 | 4.78 | 16.59 | 88.03 | -2.22 | 89.23 | 75.33 | 11.54 | -76.5 | 0.41 | 0 | 14.25 | 7.63 |
| 2016 (3) | 0.51 | -13.56 | 12.32 | -5.01 | 1.46 | -34.53 | 0.82 | -9.29 | 2.87 | -24.07 | 2.50 | -24.92 | 3.59 | -16.9 | 2.09 | -18.68 | 0.77 | 5.48 | 4.10 | -18.33 | 90.03 | 9.74 | 50.89 | -13.68 | 49.11 | 19.64 | 0.00 | 0 | 13.24 | -7.02 |
| 2015 (2) | 0.59 | 7.27 | 12.97 | -4.63 | 2.23 | 23.89 | 0.90 | 2.45 | 3.78 | 11.18 | 3.33 | 2.15 | 4.32 | 4.35 | 2.57 | 0.78 | 0.73 | -1.35 | 5.02 | 8.19 | 82.04 | 12.61 | 58.96 | 12.11 | 41.04 | -13.43 | 0.00 | 0 | 14.24 | 0.64 |
| 2014 (1) | 0.55 | 52.78 | 13.60 | 0 | 1.80 | 0 | 0.88 | 1.59 | 3.40 | 0 | 3.26 | 0 | 4.14 | 0 | 2.55 | 0 | 0.74 | -2.63 | 4.64 | 47.3 | 72.85 | 1.04 | 52.59 | -48.2 | 47.41 | 0 | 0.00 | 0 | 14.15 | 4.12 |
