- 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) | 0.58 | 34.88 | 93.33 | 34.11 | 8.22 | 7.43 | 12.02 | 66.94 | 34.3 | 13.88 | 21.12 | 23.6 | 11.00 | 18.66 | 60.82 | 2.35 | 29.83 | 74.07 | 1.68 | 29.23 | 73.2 | 0.15 | 15.38 | 15.38 | 18.97 | 13.39 | 8.15 | 46.04 | -4.84 | -5.6 | 87.50 | 38.16 | 9.37 | 12.50 | -65.91 | -37.5 | 19.38 | -10.11 | -3.0 |
| 24Q2 (19) | 0.43 | 0 | -23.21 | 31.52 | 4.72 | -3.9 | 7.20 | 289.19 | -34.78 | 11.46 | 88.49 | -19.24 | 9.27 | 385.34 | -14.95 | 1.81 | 432.35 | -19.91 | 1.30 | 319.35 | -15.03 | 0.13 | 8.33 | 0.0 | 16.73 | 40.23 | -12.55 | 48.38 | -2.26 | -10.51 | 63.33 | 90.0 | -20.32 | 36.67 | -45.0 | 58.89 | 21.56 | -13.76 | 9.33 |
| 24Q1 (18) | 0.00 | -100.0 | -100.0 | 30.10 | 0.67 | 0.4 | 1.85 | -73.27 | -72.59 | 6.08 | -17.95 | -5.44 | 1.91 | -68.94 | -66.55 | 0.34 | -73.23 | -66.34 | 0.31 | -67.71 | -57.53 | 0.12 | -14.29 | 9.09 | 11.93 | -3.56 | 1.45 | 49.50 | 2.25 | -12.9 | 33.33 | -65.0 | -68.75 | 66.67 | 1300.0 | 1100.0 | 25.00 | 27.16 | 12.31 |
| 23Q4 (17) | 0.26 | -13.33 | -74.26 | 29.90 | -5.83 | -8.31 | 6.92 | -22.68 | -54.83 | 7.41 | -34.02 | -51.44 | 6.15 | -10.09 | -49.67 | 1.27 | -5.93 | -59.81 | 0.96 | -1.03 | -55.35 | 0.14 | 7.69 | -17.65 | 12.37 | -29.48 | -33.85 | 48.41 | -0.74 | -7.86 | 95.24 | 19.05 | -4.76 | 4.76 | -76.19 | 0 | 19.66 | -1.6 | 22.65 |
| 23Q3 (16) | 0.30 | -46.43 | -91.23 | 31.75 | -3.2 | 4.72 | 8.95 | -18.93 | 7.44 | 11.23 | -20.86 | -80.56 | 6.84 | -37.25 | -87.62 | 1.35 | -40.27 | -87.14 | 0.97 | -36.6 | -85.96 | 0.13 | 0.0 | 8.33 | 17.54 | -8.31 | -71.43 | 48.77 | -9.79 | -7.05 | 80.00 | 0.65 | 455.79 | 20.00 | -13.33 | -76.64 | 19.98 | 1.32 | -10.12 |
| 23Q2 (15) | 0.56 | 154.55 | 16.67 | 32.80 | 9.41 | 46.69 | 11.04 | 63.56 | 327.16 | 14.19 | 120.68 | -3.54 | 10.90 | 90.89 | -22.59 | 2.26 | 123.76 | 43.95 | 1.53 | 109.59 | 36.61 | 0.13 | 18.18 | 62.5 | 19.13 | 62.67 | -5.9 | 54.06 | -4.87 | 0.04 | 79.49 | -25.48 | 338.46 | 23.08 | 446.15 | -82.69 | 19.72 | -11.41 | -28.34 |
| 23Q1 (14) | 0.22 | -78.22 | -35.29 | 29.98 | -8.07 | 25.13 | 6.75 | -55.94 | 103.93 | 6.43 | -57.86 | -34.32 | 5.71 | -53.27 | -23.46 | 1.01 | -68.04 | -9.01 | 0.73 | -66.05 | -10.98 | 0.11 | -35.29 | 10.0 | 11.76 | -37.11 | -16.24 | 56.83 | 8.17 | 38.44 | 106.67 | 6.67 | 202.22 | -6.67 | 0 | -110.3 | 22.26 | 38.86 | -6.23 |
| 22Q4 (13) | 1.01 | -70.47 | -21.71 | 32.61 | 7.55 | 3.52 | 15.32 | 83.91 | -5.61 | 15.26 | -73.58 | -26.74 | 12.22 | -77.88 | -31.66 | 3.16 | -69.9 | -23.86 | 2.15 | -68.89 | -22.94 | 0.17 | 41.67 | 13.33 | 18.70 | -69.54 | -20.53 | 52.54 | 0.13 | 14.69 | 100.00 | 594.74 | 29.27 | 0.00 | -100.0 | -100.0 | 16.03 | -27.89 | 4.5 |
| 22Q3 (12) | 3.42 | 612.5 | 163.08 | 30.32 | 35.6 | 5.28 | 8.33 | 271.4 | -47.21 | 57.76 | 292.66 | 224.49 | 55.24 | 292.33 | 279.4 | 10.50 | 568.79 | 152.4 | 6.91 | 516.96 | 131.1 | 0.12 | 50.0 | -40.0 | 61.40 | 202.02 | 209.01 | 52.47 | -2.91 | -7.87 | 14.39 | 143.18 | -83.88 | 85.61 | -35.8 | 698.99 | 22.23 | -19.22 | 33.92 |
| 22Q2 (11) | 0.48 | 41.18 | -63.64 | 22.36 | -6.68 | -14.53 | -4.86 | -246.83 | -132.88 | 14.71 | 50.26 | -10.85 | 14.08 | 88.74 | 2.18 | 1.57 | 41.44 | -62.08 | 1.12 | 36.59 | -66.37 | 0.08 | -20.0 | -66.67 | 20.33 | 44.8 | 13.01 | 54.04 | 31.64 | 120.03 | -33.33 | -194.44 | -137.33 | 133.33 | 106.06 | 1144.44 | 27.52 | 15.92 | 112.35 |
| 22Q1 (10) | 0.34 | -73.64 | -65.66 | 23.96 | -23.94 | -6.11 | 3.31 | -79.61 | -72.82 | 9.79 | -53.0 | -35.38 | 7.46 | -58.28 | -41.26 | 1.11 | -73.25 | -65.42 | 0.82 | -70.61 | -67.33 | 0.10 | -33.33 | -50.0 | 14.04 | -40.33 | -18.51 | 41.05 | -10.39 | 66.87 | 35.29 | -54.38 | -55.88 | 64.71 | 185.78 | 223.53 | 23.74 | 54.76 | 55.06 |
| 21Q4 (9) | 1.29 | -0.77 | -19.88 | 31.50 | 9.37 | 12.74 | 16.23 | 2.85 | 10.78 | 20.83 | 17.02 | -1.93 | 17.88 | 22.8 | -2.88 | 4.15 | -0.24 | -25.76 | 2.79 | -6.69 | -33.41 | 0.15 | -25.0 | -34.78 | 23.53 | 18.42 | 1.73 | 45.81 | -19.56 | 35.09 | 77.36 | -13.36 | 13.21 | 22.64 | 111.32 | -28.5 | 15.34 | -7.59 | 6.82 |
| 21Q3 (8) | 1.30 | -1.52 | -2.99 | 28.80 | 10.09 | -2.21 | 15.78 | 6.77 | -1.8 | 17.80 | 7.88 | -13.84 | 14.56 | 5.66 | -17.65 | 4.16 | 0.48 | -19.85 | 2.99 | -10.21 | -21.32 | 0.20 | -16.67 | -4.76 | 19.87 | 10.45 | -10.21 | 56.95 | 131.88 | 64.79 | 89.29 | 0.0 | 14.47 | 10.71 | 0.0 | -51.3 | 16.60 | 28.09 | 12.16 |
| 21Q2 (7) | 1.32 | 33.33 | 45.05 | 26.16 | 2.51 | -4.14 | 14.78 | 21.35 | 34.24 | 16.50 | 8.91 | -5.28 | 13.78 | 8.5 | -11.38 | 4.14 | 28.97 | 20.35 | 3.33 | 32.67 | 23.79 | 0.24 | 20.0 | 41.18 | 17.99 | 4.41 | -13.26 | 24.56 | -0.16 | -37.43 | 89.29 | 11.61 | 40.31 | 10.71 | -46.43 | -70.54 | 12.96 | -15.35 | -32.22 |
| 21Q1 (6) | 0.99 | -38.51 | 57.14 | 25.52 | -8.66 | -15.58 | 12.18 | -16.86 | 17.34 | 15.15 | -28.67 | 0.53 | 12.70 | -31.02 | -2.08 | 3.21 | -42.58 | 40.79 | 2.51 | -40.1 | 30.73 | 0.20 | -13.04 | 33.33 | 17.23 | -25.51 | -7.91 | 24.60 | -27.46 | 37.58 | 80.00 | 17.07 | 15.0 | 20.00 | -36.84 | -34.29 | 15.31 | 6.62 | 0 |
| 20Q4 (5) | 1.61 | 20.15 | 56.31 | 27.94 | -5.13 | -11.83 | 14.65 | -8.84 | -1.81 | 21.24 | 2.81 | 11.67 | 18.41 | 4.13 | 17.94 | 5.59 | 7.71 | 46.72 | 4.19 | 10.26 | 31.76 | 0.23 | 9.52 | 15.0 | 23.13 | 4.52 | 14.05 | 33.91 | -1.88 | 68.04 | 68.33 | -12.39 | -14.58 | 31.67 | 43.94 | 40.74 | 14.36 | -2.97 | -20.71 |
| 20Q3 (4) | 1.34 | 47.25 | 0.0 | 29.45 | 7.91 | 0.0 | 16.07 | 45.96 | 0.0 | 20.66 | 18.6 | 0.0 | 17.68 | 13.7 | 0.0 | 5.19 | 50.87 | 0.0 | 3.80 | 41.26 | 0.0 | 0.21 | 23.53 | 0.0 | 22.13 | 6.7 | 0.0 | 34.56 | -11.95 | 0.0 | 78.00 | 22.57 | 0.0 | 22.00 | -39.5 | 0.0 | 14.80 | -22.59 | 0.0 |
| 20Q2 (3) | 0.91 | 44.44 | 0.0 | 27.29 | -9.73 | 0.0 | 11.01 | 6.07 | 0.0 | 17.42 | 15.59 | 0.0 | 15.55 | 19.89 | 0.0 | 3.44 | 50.88 | 0.0 | 2.69 | 40.1 | 0.0 | 0.17 | 13.33 | 0.0 | 20.74 | 10.85 | 0.0 | 39.25 | 119.52 | 0.0 | 63.64 | -8.52 | 0.0 | 36.36 | 19.48 | 0.0 | 19.12 | 0 | 0.0 |
| 20Q1 (2) | 0.63 | -38.83 | 0.0 | 30.23 | -4.61 | 0.0 | 10.38 | -30.43 | 0.0 | 15.07 | -20.77 | 0.0 | 12.97 | -16.91 | 0.0 | 2.28 | -40.16 | 0.0 | 1.92 | -39.62 | 0.0 | 0.15 | -25.0 | 0.0 | 18.71 | -7.74 | 0.0 | 17.88 | -11.4 | 0.0 | 69.57 | -13.04 | 0.0 | 30.43 | 35.27 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 1.03 | 0.0 | 0.0 | 31.69 | 0.0 | 0.0 | 14.92 | 0.0 | 0.0 | 19.02 | 0.0 | 0.0 | 15.61 | 0.0 | 0.0 | 3.81 | 0.0 | 0.0 | 3.18 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 20.28 | 0.0 | 0.0 | 20.18 | 0.0 | 0.0 | 80.00 | 0.0 | 0.0 | 22.50 | 0.0 | 0.0 | 18.11 | 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) | 1.28 | -75.57 | 31.13 | 7.75 | 8.46 | 1.68 | 3.10 | 8.45 | 9.91 | -60.64 | 7.46 | -67.21 | 5.80 | -63.38 | 4.19 | -61.24 | 0.52 | 10.64 | 15.31 | -47.46 | 48.41 | -7.86 | 84.91 | 155.88 | 14.15 | -78.82 | 11.83 | 2.59 | 20.33 | -2.12 |
| 2022 (9) | 5.24 | 6.94 | 28.89 | 3.62 | 8.32 | -43.67 | 2.86 | 76.99 | 25.18 | 44.05 | 22.75 | 55.5 | 15.84 | -1.98 | 10.81 | -6.97 | 0.47 | -40.51 | 29.14 | 49.13 | 52.54 | 14.69 | 33.18 | -60.72 | 66.82 | 330.14 | 11.53 | 4657.36 | 20.77 | 38.56 |
| 2021 (8) | 4.90 | 9.37 | 27.88 | -2.65 | 14.77 | 9.41 | 1.61 | -29.86 | 17.48 | -8.72 | 14.63 | -11.92 | 16.16 | 5.14 | 11.62 | -4.05 | 0.79 | 8.22 | 19.54 | -9.2 | 45.81 | 35.09 | 84.47 | 19.84 | 15.53 | -47.37 | 0.24 | -18.79 | 14.99 | -11.25 |
| 2020 (7) | 4.48 | 19.79 | 28.64 | -7.52 | 13.50 | -5.06 | 2.30 | -6.21 | 19.15 | 8.44 | 16.61 | 12.53 | 15.37 | 13.52 | 12.11 | 8.03 | 0.73 | -3.95 | 21.52 | 6.96 | 33.91 | 68.04 | 70.48 | -12.51 | 29.52 | 51.81 | 0.30 | -21.42 | 16.89 | -1.75 |
| 2019 (6) | 3.74 | -1.58 | 30.97 | 0.72 | 14.22 | -4.63 | 2.45 | 15.77 | 17.66 | -2.38 | 14.76 | -2.12 | 13.54 | -4.58 | 11.21 | -0.62 | 0.76 | 1.33 | 20.12 | -0.4 | 20.18 | -6.79 | 80.56 | -2.66 | 19.44 | 12.78 | 0.38 | 3.8 | 17.19 | -0.35 |
| 2018 (5) | 3.80 | 0.8 | 30.75 | -1.82 | 14.91 | -9.42 | 2.12 | -6.96 | 18.09 | 7.74 | 15.08 | 10.07 | 14.19 | -0.63 | 11.28 | 0.98 | 0.75 | -7.41 | 20.20 | 4.66 | 21.65 | -29.48 | 82.76 | -15.43 | 17.24 | 704.6 | 0.37 | 0 | 17.25 | 4.61 |
| 2017 (4) | 3.77 | 14.24 | 31.32 | 7.04 | 16.46 | 19.97 | 2.28 | -12.56 | 16.79 | 14.14 | 13.70 | 10.04 | 14.28 | 14.24 | 11.17 | 12.94 | 0.81 | 3.85 | 19.30 | 10.35 | 30.70 | 9.29 | 97.86 | 4.91 | 2.14 | -68.12 | 0.00 | 0 | 16.49 | -1.2 |
| 2016 (3) | 3.30 | 2.8 | 29.26 | 5.44 | 13.72 | 61.79 | 2.61 | -4.5 | 14.71 | 21.87 | 12.45 | 20.99 | 12.50 | 9.36 | 9.89 | 11.0 | 0.78 | -8.24 | 17.49 | 11.69 | 28.09 | 0.61 | 93.28 | 34.0 | 6.72 | -77.14 | 0.00 | 0 | 16.69 | -13.66 |
| 2015 (2) | 3.21 | 39.57 | 27.75 | 16.55 | 8.48 | 17.78 | 2.73 | 7.71 | 12.07 | 55.94 | 10.29 | 76.8 | 11.43 | 50.0 | 8.91 | 54.69 | 0.85 | -14.14 | 15.66 | 51.3 | 27.92 | -14.62 | 69.61 | -25.04 | 29.41 | 311.76 | 0.00 | 0 | 19.33 | 7.81 |
| 2014 (1) | 2.30 | 25.68 | 23.81 | 0 | 7.20 | 0 | 2.53 | 3.98 | 7.74 | 0 | 5.82 | 0 | 7.62 | 0 | 5.76 | 0 | 0.99 | 7.61 | 10.35 | 26.84 | 32.70 | 2.06 | 92.86 | 1.5 | 7.14 | 11.9 | 0.00 | 0 | 17.93 | 4.24 |
