- 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) | 1.02 | 100.0 | -5.56 | 15.40 | 44.33 | -3.39 | 12.92 | 60.5 | -4.51 | 16.45 | 71.35 | -2.84 | 13.97 | 95.66 | -2.58 | 2.37 | 97.5 | -15.05 | 1.55 | 86.75 | -11.43 | 0.11 | 0.0 | -8.33 | 18.19 | 62.12 | -2.1 | 58.74 | -5.9 | -12.54 | 78.24 | -6.45 | -1.96 | 21.24 | 29.82 | 5.18 | 9.92 | -3.22 | 4.64 |
| 24Q2 (19) | 0.51 | -23.88 | -27.14 | 10.67 | -32.68 | -33.27 | 8.05 | -34.34 | -38.74 | 9.60 | -24.76 | -36.47 | 7.14 | -30.54 | -37.86 | 1.20 | -25.0 | -35.14 | 0.83 | -23.85 | -30.83 | 0.11 | 10.0 | 10.0 | 11.22 | -23.05 | -33.84 | 62.42 | 14.68 | -5.54 | 83.64 | -13.04 | -3.95 | 16.36 | 328.73 | 26.6 | 10.25 | -6.82 | -13.72 |
| 24Q1 (18) | 0.67 | -15.19 | 63.41 | 15.85 | 0.13 | 31.32 | 12.26 | -5.69 | 39.79 | 12.76 | -24.0 | 42.25 | 10.28 | -20.56 | 36.52 | 1.60 | -17.95 | 44.14 | 1.09 | -14.17 | 45.33 | 0.10 | 11.11 | 11.11 | 14.58 | -21.91 | 32.91 | 54.43 | -5.88 | -10.76 | 96.18 | 24.65 | -2.57 | 3.82 | -82.82 | 48.85 | 11.00 | -5.17 | -14.06 |
| 23Q4 (17) | 0.79 | -26.85 | 119.44 | 15.83 | -0.69 | 67.87 | 13.00 | -3.92 | 88.68 | 16.79 | -0.83 | 168.64 | 12.94 | -9.76 | 129.03 | 1.95 | -30.11 | 98.98 | 1.27 | -27.43 | 89.55 | 0.09 | -25.0 | -18.18 | 18.67 | 0.48 | 138.75 | 57.83 | -13.89 | 2.74 | 77.16 | -3.31 | -30.56 | 22.22 | 10.03 | 333.33 | 11.60 | 22.36 | 4.6 |
| 23Q3 (16) | 1.08 | 54.29 | 0.93 | 15.94 | -0.31 | -9.17 | 13.53 | 2.97 | -0.88 | 16.93 | 12.05 | -16.68 | 14.34 | 24.8 | -18.89 | 2.79 | 50.81 | -5.42 | 1.75 | 45.83 | -7.41 | 0.12 | 20.0 | 20.0 | 18.58 | 9.55 | -15.04 | 67.16 | 1.63 | 9.9 | 79.80 | -8.35 | 18.5 | 20.20 | 56.26 | -38.15 | 9.48 | -20.2 | -23.73 |
| 23Q2 (15) | 0.70 | 70.73 | 94.44 | 15.99 | 32.48 | 41.76 | 13.14 | 49.83 | 57.74 | 15.11 | 68.45 | 51.1 | 11.49 | 52.59 | 58.05 | 1.85 | 66.67 | 88.78 | 1.20 | 60.0 | 81.82 | 0.10 | 11.11 | 11.11 | 16.96 | 54.6 | 43.12 | 66.08 | 8.35 | 12.44 | 87.07 | -11.79 | 5.83 | 12.93 | 404.08 | -21.45 | 11.88 | -7.19 | -12.26 |
| 23Q1 (14) | 0.41 | 13.89 | 46.43 | 12.07 | 28.0 | -10.19 | 8.77 | 27.29 | 8.0 | 8.97 | 43.52 | 14.41 | 7.53 | 33.27 | 18.77 | 1.11 | 13.27 | 46.05 | 0.75 | 11.94 | 41.51 | 0.09 | -18.18 | 12.5 | 10.97 | 40.28 | 14.03 | 60.99 | 8.35 | 9.93 | 98.72 | -11.15 | -4.75 | 2.56 | 126.92 | 170.51 | 12.80 | 15.42 | -14.84 |
| 22Q4 (13) | 0.36 | -66.36 | 5.88 | 9.43 | -46.27 | -30.25 | 6.89 | -49.52 | -18.46 | 6.25 | -69.24 | -37.31 | 5.65 | -68.04 | -27.66 | 0.98 | -66.78 | 5.38 | 0.67 | -64.55 | 4.69 | 0.11 | 10.0 | 37.5 | 7.82 | -64.24 | -33.78 | 56.29 | -7.89 | 12.92 | 111.11 | 64.98 | 30.27 | -9.52 | -129.17 | -164.76 | 11.09 | -10.78 | -31.63 |
| 22Q3 (12) | 1.07 | 197.22 | 67.19 | 17.55 | 55.59 | -6.1 | 13.65 | 63.87 | 11.16 | 20.32 | 103.2 | 6.5 | 17.68 | 143.19 | 17.32 | 2.95 | 201.02 | 63.89 | 1.89 | 186.36 | 56.2 | 0.10 | 11.11 | 25.0 | 21.87 | 84.56 | 4.29 | 61.11 | 3.98 | 16.09 | 67.35 | -18.15 | 4.67 | 32.65 | 98.43 | -8.43 | 12.43 | -8.2 | -26.1 |
| 22Q2 (11) | 0.36 | 28.57 | 16.13 | 11.28 | -16.07 | -21.39 | 8.33 | 2.59 | 2.08 | 10.00 | 27.55 | -19.87 | 7.27 | 14.67 | -32.62 | 0.98 | 28.95 | 10.11 | 0.66 | 24.53 | 8.2 | 0.09 | 12.5 | 80.0 | 11.85 | 23.18 | -21.63 | 58.77 | 5.93 | 19.04 | 82.28 | -20.61 | 25.58 | 16.46 | 552.53 | -52.28 | 13.54 | -9.91 | -38.68 |
| 22Q1 (10) | 0.28 | -17.65 | -42.86 | 13.44 | -0.59 | -25.66 | 8.12 | -3.91 | -37.59 | 7.84 | -21.36 | -40.11 | 6.34 | -18.82 | -39.45 | 0.76 | -18.28 | -45.71 | 0.53 | -17.19 | -43.62 | 0.08 | 0.0 | -11.11 | 9.62 | -18.54 | -34.24 | 55.48 | 11.29 | 4.88 | 103.64 | 21.5 | 4.72 | -3.64 | -124.73 | -452.73 | 15.03 | -7.34 | 5.99 |
| 21Q4 (9) | 0.34 | -46.88 | 277.78 | 13.52 | -27.66 | 103.0 | 8.45 | -31.19 | 261.11 | 9.97 | -47.75 | 170.19 | 7.81 | -48.18 | 196.96 | 0.93 | -48.33 | 232.14 | 0.64 | -47.11 | 204.76 | 0.08 | 0.0 | 14.29 | 11.81 | -43.68 | 96.18 | 49.85 | -5.3 | -7.27 | 85.29 | 32.57 | 37.78 | 14.71 | -58.76 | -61.4 | 16.22 | -3.57 | -13.12 |
| 21Q3 (8) | 0.64 | 106.45 | -58.44 | 18.69 | 30.24 | 4.24 | 12.28 | 50.49 | 14.55 | 19.08 | 52.88 | -63.59 | 15.07 | 39.67 | -68.99 | 1.80 | 102.25 | -61.62 | 1.21 | 98.36 | -58.84 | 0.08 | 60.0 | 33.33 | 20.97 | 38.69 | -61.69 | 52.64 | 6.62 | -17.06 | 64.34 | -1.8 | 215.75 | 35.66 | 3.41 | -55.22 | 16.82 | -23.82 | -17.67 |
| 21Q2 (7) | 0.31 | -36.73 | -8.82 | 14.35 | -20.63 | -16.08 | 8.16 | -37.28 | -21.46 | 12.48 | -4.66 | -3.7 | 10.79 | 3.06 | 3.15 | 0.89 | -36.43 | -16.04 | 0.61 | -35.11 | -14.08 | 0.05 | -44.44 | -16.67 | 15.12 | 3.35 | -1.05 | 49.37 | -6.67 | -16.32 | 65.52 | -33.8 | -18.71 | 34.48 | 3244.83 | 77.72 | 22.08 | 55.71 | 0 |
| 21Q1 (6) | 0.49 | 444.44 | 600.0 | 18.08 | 171.47 | 98.68 | 13.01 | 455.98 | 277.1 | 13.09 | 254.74 | 489.64 | 10.47 | 298.1 | 488.2 | 1.40 | 400.0 | 508.7 | 0.94 | 347.62 | 422.22 | 0.09 | 28.57 | 12.5 | 14.63 | 143.02 | 255.1 | 52.90 | -1.6 | -4.72 | 98.97 | 59.87 | -35.45 | 1.03 | -97.29 | 101.93 | 14.18 | -24.05 | 0 |
| 20Q4 (5) | 0.09 | -94.16 | -83.33 | 6.66 | -62.86 | -57.17 | 2.34 | -78.17 | -78.41 | 3.69 | -92.96 | -68.83 | 2.63 | -94.59 | -73.62 | 0.28 | -94.03 | -83.33 | 0.21 | -92.86 | -81.25 | 0.07 | 16.67 | -36.36 | 6.02 | -89.0 | -54.91 | 53.76 | -15.3 | -6.8 | 61.90 | 203.79 | -32.77 | 38.10 | -52.16 | 327.51 | 18.67 | -8.61 | 0 |
| 20Q3 (4) | 1.54 | 352.94 | 0.0 | 17.93 | 4.85 | 0.0 | 10.72 | 3.18 | 0.0 | 52.41 | 304.4 | 0.0 | 48.59 | 364.53 | 0.0 | 4.69 | 342.45 | 0.0 | 2.94 | 314.08 | 0.0 | 0.06 | 0.0 | 0.0 | 54.74 | 258.25 | 0.0 | 63.47 | 7.58 | 0.0 | 20.38 | -74.72 | 0.0 | 79.62 | 310.36 | 0.0 | 20.43 | 0 | 0.0 |
| 20Q2 (3) | 0.34 | 385.71 | 0.0 | 17.10 | 87.91 | 0.0 | 10.39 | 201.16 | 0.0 | 12.96 | 483.78 | 0.0 | 10.46 | 487.64 | 0.0 | 1.06 | 360.87 | 0.0 | 0.71 | 294.44 | 0.0 | 0.06 | -25.0 | 0.0 | 15.28 | 270.87 | 0.0 | 59.00 | 6.27 | 0.0 | 80.60 | -47.44 | 0.0 | 19.40 | 136.38 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.07 | -87.04 | 0.0 | 9.10 | -41.48 | 0.0 | 3.45 | -68.17 | 0.0 | 2.22 | -81.25 | 0.0 | 1.78 | -82.15 | 0.0 | 0.23 | -86.31 | 0.0 | 0.18 | -83.93 | 0.0 | 0.08 | -27.27 | 0.0 | 4.12 | -69.14 | 0.0 | 55.52 | -3.74 | 0.0 | 153.33 | 66.52 | 0.0 | -53.33 | -698.52 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.54 | 0.0 | 0.0 | 15.55 | 0.0 | 0.0 | 10.84 | 0.0 | 0.0 | 11.84 | 0.0 | 0.0 | 9.97 | 0.0 | 0.0 | 1.68 | 0.0 | 0.0 | 1.12 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | 13.35 | 0.0 | 0.0 | 57.68 | 0.0 | 0.0 | 92.08 | 0.0 | 0.0 | 8.91 | 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) | 2.99 | 44.44 | 15.08 | 16.63 | 12.27 | 31.23 | 0.97 | -15.74 | 14.72 | 29.81 | 11.83 | 24.4 | 7.65 | 36.36 | 5.14 | 34.2 | 0.41 | 5.13 | 16.53 | 27.06 | 57.83 | 2.74 | 83.25 | 0.98 | 16.58 | -5.55 | 0.01 | -10.06 | 11.29 | -11.93 |
| 2022 (9) | 2.07 | 16.29 | 12.93 | -20.92 | 9.35 | -12.78 | 1.15 | -22.15 | 11.34 | -17.41 | 9.51 | -13.78 | 5.61 | 11.53 | 3.83 | 12.32 | 0.39 | 30.0 | 13.01 | -17.03 | 56.29 | 12.92 | 82.44 | 5.53 | 17.56 | -19.74 | 0.01 | -5.3 | 12.82 | -23.92 |
| 2021 (8) | 1.78 | -13.17 | 16.35 | 32.71 | 10.72 | 67.24 | 1.48 | -4.98 | 13.73 | -16.18 | 11.03 | -24.19 | 5.03 | -18.61 | 3.41 | -17.03 | 0.30 | 11.11 | 15.68 | -15.61 | 49.85 | -7.27 | 78.12 | 99.65 | 21.88 | -64.06 | 0.01 | -52.3 | 16.85 | -9.99 |
| 2020 (7) | 2.05 | 40.41 | 12.32 | -15.56 | 6.41 | -29.01 | 1.56 | 17.59 | 16.38 | 55.56 | 14.55 | 69.58 | 6.18 | 33.19 | 4.11 | 33.44 | 0.27 | -20.59 | 18.58 | 49.6 | 53.76 | -6.8 | 39.13 | -54.32 | 60.87 | 324.6 | 0.02 | 94.2 | 18.72 | 17.37 |
| 2019 (6) | 1.46 | 78.05 | 14.59 | 45.75 | 9.03 | 73.99 | 1.33 | 3.88 | 10.53 | 61.01 | 8.58 | 64.68 | 4.64 | 77.78 | 3.08 | 69.23 | 0.34 | 6.25 | 12.42 | 49.64 | 57.68 | -3.29 | 85.66 | 8.07 | 14.34 | -30.85 | 0.01 | -3.31 | 15.95 | 8.21 |
| 2018 (5) | 0.82 | -53.67 | 10.01 | -14.95 | 5.19 | -13.93 | 1.28 | 11.13 | 6.54 | -48.26 | 5.21 | -50.14 | 2.61 | -54.61 | 1.82 | -52.6 | 0.32 | -8.57 | 8.30 | -42.0 | 59.64 | 19.26 | 79.27 | 65.83 | 20.73 | -60.28 | 0.01 | 0 | 14.74 | 6.12 |
| 2017 (4) | 1.77 | -5.85 | 11.77 | 5.28 | 6.03 | 5.79 | 1.15 | -4.5 | 12.64 | -1.4 | 10.45 | -0.95 | 5.75 | -2.71 | 3.84 | 0.26 | 0.35 | 0.0 | 14.31 | -2.05 | 50.01 | -19.16 | 47.80 | 7.48 | 52.20 | -5.99 | 0.00 | 0 | 13.89 | -8.07 |
| 2016 (3) | 1.88 | -4.08 | 11.18 | 22.19 | 5.70 | 19.25 | 1.20 | 4.88 | 12.82 | -10.16 | 10.55 | -27.79 | 5.91 | -28.45 | 3.83 | -29.07 | 0.35 | -2.78 | 14.61 | -8.63 | 61.86 | 1.21 | 44.48 | 32.51 | 55.52 | -16.71 | 0.00 | 0 | 15.11 | 12.43 |
| 2015 (2) | 1.96 | 122.73 | 9.15 | -16.59 | 4.78 | -12.29 | 1.15 | -13.9 | 14.27 | 28.56 | 14.61 | 53.14 | 8.26 | 75.0 | 5.40 | 73.08 | 0.36 | 16.13 | 15.99 | 21.41 | 61.12 | 13.99 | 33.56 | -31.47 | 66.67 | 31.53 | 0.00 | 0 | 13.44 | -11.7 |
| 2014 (1) | 0.88 | 1.15 | 10.97 | 0 | 5.45 | 0 | 1.33 | 7.44 | 11.10 | 0 | 9.54 | 0 | 4.72 | 0 | 3.12 | 0 | 0.31 | -13.89 | 13.17 | 11.14 | 53.62 | -19.51 | 48.97 | -53.57 | 50.68 | 0 | 0.00 | 0 | 15.22 | 16.45 |
