- 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) | 1.18 | 29.67 | 151.06 | 22.00 | 24.79 | 127.74 | 19.14 | 36.32 | 146.97 | 21.08 | -5.81 | 159.93 | 16.85 | -5.44 | 160.03 | 3.74 | 21.82 | 89.85 | 3.02 | 21.77 | 85.28 | 0.18 | 28.57 | -28.0 | 22.66 | -6.01 | 145.5 | 25.54 | 0.83 | 15.41 | 90.85 | 44.83 | -4.99 | 9.15 | -75.44 | 108.73 | 5.50 | -18.64 | 36.48 |
| 24Q2 (19) | 0.91 | 46.77 | 133.33 | 17.63 | 15.0 | 99.43 | 14.04 | 14.8 | 142.49 | 22.38 | 49.5 | 134.59 | 17.82 | 48.38 | 128.17 | 3.07 | 34.65 | 82.74 | 2.48 | 33.33 | 74.65 | 0.14 | -6.67 | -22.22 | 24.11 | 44.98 | 113.17 | 25.33 | 3.01 | 11.83 | 62.73 | -22.76 | 3.05 | 37.27 | 105.69 | -4.75 | 6.76 | 14.97 | 21.8 |
| 24Q1 (18) | 0.62 | -27.91 | 121.43 | 15.33 | -17.76 | 9.27 | 12.23 | -19.43 | 11.08 | 14.97 | -5.61 | 79.28 | 12.01 | -5.95 | 80.06 | 2.28 | -32.74 | 85.37 | 1.86 | -33.57 | 72.22 | 0.15 | -31.82 | -6.25 | 16.63 | -2.92 | 61.61 | 24.59 | 11.93 | 38.93 | 81.21 | -15.1 | -38.87 | 18.12 | 316.78 | 157.81 | 5.88 | 16.21 | -2.97 |
| 23Q4 (17) | 0.86 | 82.98 | 82.98 | 18.64 | 92.96 | 21.75 | 15.18 | 95.87 | 26.92 | 15.86 | 95.56 | 15.01 | 12.77 | 97.07 | 15.15 | 3.39 | 72.08 | 58.41 | 2.80 | 71.78 | 49.73 | 0.22 | -12.0 | 29.41 | 17.13 | 85.59 | 8.76 | 21.97 | -0.72 | 77.89 | 95.65 | 0.04 | 10.29 | 4.35 | -0.87 | -67.25 | 5.06 | 25.56 | -17.59 |
| 23Q3 (16) | 0.47 | 20.51 | 135.0 | 9.66 | 9.28 | 10.91 | 7.75 | 33.85 | 30.91 | 8.11 | -14.99 | 34.27 | 6.48 | -17.03 | 34.16 | 1.97 | 17.26 | 111.83 | 1.63 | 14.79 | 101.23 | 0.25 | 38.89 | 47.06 | 9.23 | -18.39 | 15.66 | 22.13 | -2.3 | 22.27 | 95.61 | 57.08 | -2.39 | 4.39 | -88.79 | 114.91 | 4.03 | -27.39 | -35.21 |
| 23Q2 (15) | 0.39 | 39.29 | 44.44 | 8.84 | -36.99 | 32.73 | 5.79 | -47.41 | 105.32 | 9.54 | 14.25 | -16.68 | 7.81 | 17.09 | -21.27 | 1.68 | 36.59 | 36.59 | 1.42 | 31.48 | 29.09 | 0.18 | 12.5 | 63.64 | 11.31 | 9.91 | -22.32 | 22.65 | 27.97 | 54.19 | 60.87 | -54.18 | 147.54 | 39.13 | 224.84 | -48.11 | 5.55 | -8.42 | -39.08 |
| 23Q1 (14) | 0.28 | -40.43 | -17.65 | 14.03 | -8.36 | 8.42 | 11.01 | -7.94 | 23.43 | 8.35 | -39.45 | -28.26 | 6.67 | -39.86 | -28.43 | 1.23 | -42.52 | -19.61 | 1.08 | -42.25 | -23.4 | 0.16 | -5.88 | 6.67 | 10.29 | -34.67 | -26.29 | 17.70 | 43.32 | 94.51 | 132.84 | 53.17 | 72.9 | -31.34 | -336.12 | -235.27 | 6.06 | -1.3 | -9.82 |
| 22Q4 (13) | 0.47 | 135.0 | 56.67 | 15.31 | 75.77 | 21.12 | 11.96 | 102.03 | 30.57 | 13.79 | 128.31 | 34.67 | 11.09 | 129.61 | 28.06 | 2.14 | 130.11 | 35.44 | 1.87 | 130.86 | 34.53 | 0.17 | 0.0 | 6.25 | 15.75 | 97.37 | 27.84 | 12.35 | -31.77 | 52.85 | 86.73 | -11.47 | -3.5 | 13.27 | 550.44 | 31.08 | 6.14 | -1.29 | -0.16 |
| 22Q3 (12) | 0.20 | -25.93 | 0.0 | 8.71 | 30.78 | -17.91 | 5.92 | 109.93 | -6.33 | 6.04 | -47.25 | -53.57 | 4.83 | -51.31 | -48.94 | 0.93 | -24.39 | -5.1 | 0.81 | -26.36 | -5.81 | 0.17 | 54.55 | 88.89 | 7.98 | -45.19 | -50.95 | 18.10 | 23.21 | -11.66 | 97.96 | 298.37 | 99.18 | 2.04 | -97.29 | -95.98 | 6.22 | -31.72 | -40.65 |
| 22Q2 (11) | 0.27 | -20.59 | 17.39 | 6.66 | -48.53 | -38.73 | 2.82 | -68.39 | -64.39 | 11.45 | -1.63 | 26.8 | 9.92 | 6.44 | 37.4 | 1.23 | -19.61 | 8.85 | 1.10 | -21.99 | 5.77 | 0.11 | -26.67 | -21.43 | 14.56 | 4.3 | 32.12 | 14.69 | 61.43 | 85.25 | 24.59 | -67.99 | -72.13 | 75.41 | 225.45 | 540.98 | 9.11 | 35.57 | 42.12 |
| 22Q1 (10) | 0.34 | 13.33 | 21.43 | 12.94 | 2.37 | -9.57 | 8.92 | -2.62 | -20.43 | 11.64 | 13.67 | 13.67 | 9.32 | 7.62 | 12.02 | 1.53 | -3.16 | 6.25 | 1.41 | 1.44 | 6.82 | 0.15 | -6.25 | -6.25 | 13.96 | 13.31 | 14.52 | 9.10 | 12.62 | 7.82 | 76.83 | -14.51 | -29.92 | 23.17 | 128.81 | 340.4 | 6.72 | 9.27 | 13.13 |
| 21Q4 (9) | 0.30 | 50.0 | 76.47 | 12.64 | 19.13 | -8.14 | 9.16 | 44.94 | -8.03 | 10.24 | -21.29 | 27.36 | 8.66 | -8.46 | 26.61 | 1.58 | 61.22 | 66.32 | 1.39 | 61.63 | 63.53 | 0.16 | 77.78 | 33.33 | 12.32 | -24.28 | 14.07 | 8.08 | -60.57 | -11.5 | 89.87 | 82.74 | -27.81 | 10.13 | -80.07 | 141.35 | 6.15 | -41.32 | -22.15 |
| 21Q3 (8) | 0.20 | -13.04 | -68.25 | 10.61 | -2.39 | -38.17 | 6.32 | -20.2 | -56.26 | 13.01 | 44.08 | -15.41 | 9.46 | 31.02 | -23.21 | 0.98 | -13.27 | -73.22 | 0.86 | -17.31 | -73.21 | 0.09 | -35.71 | -65.38 | 16.27 | 47.64 | -4.57 | 20.49 | 158.39 | 56.65 | 49.18 | -44.26 | -47.49 | 50.82 | 331.97 | 773.17 | 10.48 | 63.49 | 129.32 |
| 21Q2 (7) | 0.23 | -17.86 | 0.0 | 10.87 | -24.04 | 26.84 | 7.92 | -29.35 | 89.93 | 9.03 | -11.82 | -24.62 | 7.22 | -13.22 | -29.56 | 1.13 | -21.53 | -19.86 | 1.04 | -21.21 | -16.13 | 0.14 | -12.5 | 16.67 | 11.02 | -9.6 | -28.67 | 7.93 | -6.04 | -48.34 | 88.24 | -19.52 | 153.2 | 11.76 | 222.06 | -81.94 | 6.41 | 7.91 | -26.99 |
| 21Q1 (6) | 0.28 | 64.71 | 1033.33 | 14.31 | 4.0 | 9640.0 | 11.21 | 12.55 | 341.08 | 10.24 | 27.36 | 580.75 | 8.32 | 21.64 | 607.32 | 1.44 | 51.58 | 900.0 | 1.32 | 55.29 | 925.0 | 0.16 | 33.33 | 60.0 | 12.19 | 12.87 | 383.73 | 8.44 | -7.56 | -30.48 | 109.64 | -11.93 | -50.66 | -9.64 | 60.64 | 92.11 | 5.94 | -24.81 | 0 |
| 20Q4 (5) | 0.17 | -73.02 | 0.0 | 13.76 | -19.81 | 18.62 | 9.96 | -31.07 | 20.87 | 8.04 | -47.72 | 41.55 | 6.84 | -44.48 | 51.33 | 0.95 | -74.04 | -5.94 | 0.85 | -73.52 | -4.49 | 0.12 | -53.85 | -40.0 | 10.80 | -36.66 | 35.85 | 9.13 | -30.2 | -28.11 | 124.49 | 32.93 | -15.35 | -24.49 | -520.78 | 45.7 | 7.90 | 72.87 | 44.95 |
| 20Q3 (4) | 0.63 | 173.91 | 0.0 | 17.16 | 100.23 | 0.0 | 14.45 | 246.52 | 0.0 | 15.38 | 28.38 | 0.0 | 12.32 | 20.2 | 0.0 | 3.66 | 159.57 | 0.0 | 3.21 | 158.87 | 0.0 | 0.26 | 116.67 | 0.0 | 17.05 | 10.36 | 0.0 | 13.08 | -14.79 | 0.0 | 93.65 | 168.74 | 0.0 | 5.82 | -91.07 | 0.0 | 4.57 | -47.95 | 0.0 |
| 20Q2 (3) | 0.23 | 866.67 | 0.0 | 8.57 | 5813.33 | 0.0 | 4.17 | 189.68 | 0.0 | 11.98 | 662.44 | 0.0 | 10.25 | 725.0 | 0.0 | 1.41 | 883.33 | 0.0 | 1.24 | 875.0 | 0.0 | 0.12 | 20.0 | 0.0 | 15.45 | 513.1 | 0.0 | 15.35 | 26.44 | 0.0 | 34.85 | -84.32 | 0.0 | 65.15 | 153.31 | 0.0 | 8.78 | 0 | 0.0 |
| 20Q1 (2) | -0.03 | -117.65 | 0.0 | -0.15 | -101.29 | 0.0 | -4.65 | -156.43 | 0.0 | -2.13 | -137.5 | 0.0 | -1.64 | -136.28 | 0.0 | -0.18 | -117.82 | 0.0 | -0.16 | -117.98 | 0.0 | 0.10 | -50.0 | 0.0 | 2.52 | -68.3 | 0.0 | 12.14 | -4.41 | 0.0 | 222.22 | 51.11 | 0.0 | -122.22 | -171.01 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.17 | 0.0 | 0.0 | 11.60 | 0.0 | 0.0 | 8.24 | 0.0 | 0.0 | 5.68 | 0.0 | 0.0 | 4.52 | 0.0 | 0.0 | 1.01 | 0.0 | 0.0 | 0.89 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 7.95 | 0.0 | 0.0 | 12.70 | 0.0 | 0.0 | 147.06 | 0.0 | 0.0 | -45.10 | 0.0 | 0.0 | 5.45 | 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) | 2.01 | 55.81 | 12.88 | 14.49 | 10.08 | 29.07 | 1.34 | -39.16 | 10.71 | 0.75 | 8.63 | -0.35 | 8.27 | 42.34 | 7.11 | 34.15 | 0.82 | 34.43 | 12.16 | -5.59 | 21.97 | 77.89 | 94.17 | 27.8 | 5.83 | -78.11 | 0.00 | 0 | 5.02 | -26.72 |
| 2022 (9) | 1.29 | 24.04 | 11.25 | -8.61 | 7.81 | -12.74 | 2.20 | -2.09 | 10.63 | 2.41 | 8.66 | 4.21 | 5.81 | 10.46 | 5.30 | 9.28 | 0.61 | 5.17 | 12.88 | 2.06 | 12.35 | 52.85 | 73.68 | -14.57 | 26.64 | 93.84 | 0.00 | 0 | 6.85 | -0.44 |
| 2021 (8) | 1.04 | 4.0 | 12.31 | 1.9 | 8.95 | 5.05 | 2.25 | -16.54 | 10.38 | -0.38 | 8.31 | -3.03 | 5.26 | -5.23 | 4.85 | -3.19 | 0.58 | 0.0 | 12.62 | -3.74 | 8.08 | -11.5 | 86.25 | 5.22 | 13.75 | -25.16 | 0.00 | 0 | 6.88 | -1.43 |
| 2020 (7) | 1.00 | 257.14 | 12.08 | 98.68 | 8.52 | 298.13 | 2.69 | -20.16 | 10.42 | 253.22 | 8.57 | 248.37 | 5.55 | 228.4 | 5.01 | 225.32 | 0.58 | -6.45 | 13.11 | 106.46 | 9.13 | -28.11 | 81.97 | 12.54 | 18.37 | -32.37 | 0.00 | 0 | 6.98 | 5.44 |
| 2019 (6) | 0.28 | 0 | 6.08 | 23.83 | 2.14 | 397.67 | 3.37 | -30.6 | 2.95 | 268.75 | 2.46 | 0 | 1.69 | 0 | 1.54 | 0 | 0.62 | 26.53 | 6.35 | 12.19 | 12.70 | 56.6 | 72.84 | 37.59 | 27.16 | -42.28 | 0.00 | 0 | 6.62 | -19.37 |
| 2018 (5) | -0.04 | 0 | 4.91 | -41.96 | 0.43 | -87.5 | 4.86 | -0.05 | 0.80 | -83.12 | -0.49 | 0 | -0.26 | 0 | -0.24 | 0 | 0.49 | 0.0 | 5.66 | -41.23 | 8.11 | 8.13 | 52.94 | -26.75 | 47.06 | 69.75 | 0.00 | 0 | 8.21 | -10.57 |
| 2017 (4) | 0.35 | 59.09 | 8.46 | 23.5 | 3.44 | 72.86 | 4.86 | -5.24 | 4.74 | 50.0 | 3.93 | 43.96 | 2.07 | 53.33 | 1.93 | 54.4 | 0.49 | 6.52 | 9.63 | 15.61 | 7.50 | 18.86 | 72.28 | 14.9 | 27.72 | -25.27 | 0.00 | 0 | 9.18 | -0.65 |
| 2016 (3) | 0.22 | -51.11 | 6.85 | -24.81 | 1.99 | -55.78 | 5.13 | 15.24 | 3.16 | -42.12 | 2.73 | -41.42 | 1.35 | -49.44 | 1.25 | -49.8 | 0.46 | -14.81 | 8.33 | -16.2 | 6.31 | -27.8 | 62.90 | -23.79 | 37.10 | 112.46 | 0.00 | 0 | 9.24 | 15.07 |
| 2015 (2) | 0.45 | 0 | 9.11 | 879.57 | 4.50 | 0 | 4.45 | -30.62 | 5.46 | 0 | 4.66 | 0 | 2.67 | 0 | 2.49 | 0 | 0.54 | 35.0 | 9.94 | 102.03 | 8.74 | 66.79 | 82.54 | -76.66 | 17.46 | 0 | 0.00 | 0 | 8.03 | -20.42 |
| 2014 (1) | -0.06 | 0 | 0.93 | 0 | -5.46 | 0 | 6.42 | 2.21 | -1.57 | 0 | -0.75 | 0 | -0.33 | 0 | -0.30 | 0 | 0.40 | -20.0 | 4.92 | 31.2 | 5.24 | -50.24 | 353.57 | 326.95 | -250.00 | 0 | 0.00 | 0 | 10.09 | 36.72 |
