- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q2 (20) | 0.27 | -25.0 | 50.0 | 37.44 | -0.95 | 1.91 | 3.27 | -39.44 | 104.38 | 4.30 | -25.61 | 47.77 | 3.64 | -22.06 | 42.19 | 1.08 | -23.94 | 52.11 | 0.73 | -21.51 | 43.14 | 0.17 | -5.56 | 6.25 | 9.16 | -12.43 | 27.75 | 68.73 | -2.94 | -2.54 | 76.84 | -17.54 | 37.86 | 24.21 | 255.09 | -45.3 | 23.50 | 3.16 | -2.08 |
| 24Q1 (19) | 0.36 | -5.26 | 5.88 | 37.80 | 7.75 | -0.34 | 5.40 | 47.54 | 70.35 | 5.78 | -5.4 | 7.84 | 4.67 | -5.27 | -2.3 | 1.42 | -5.96 | 7.58 | 0.93 | -5.1 | 8.14 | 0.18 | 0.0 | 12.5 | 10.46 | -0.38 | 9.07 | 70.81 | -1.94 | 6.93 | 93.18 | 56.05 | 58.13 | 6.82 | -83.08 | -83.4 | 22.78 | 13.62 | -8.81 |
| 23Q4 (18) | 0.38 | 100.0 | 5.56 | 35.08 | -4.8 | -5.93 | 3.66 | 60.53 | 1.67 | 6.11 | 62.5 | 12.32 | 4.93 | 79.93 | 6.94 | 1.51 | 96.1 | 3.42 | 0.98 | 78.18 | 5.38 | 0.18 | 5.88 | 0.0 | 10.50 | 27.27 | 13.88 | 72.21 | 1.52 | -0.52 | 59.71 | -1.72 | -9.35 | 40.29 | 2.67 | 18.05 | 20.05 | -17.29 | -12.64 |
| 23Q3 (17) | 0.19 | 5.56 | -55.81 | 36.85 | 0.3 | -4.39 | 2.28 | 42.5 | -58.39 | 3.76 | 29.21 | -51.61 | 2.74 | 7.03 | -55.16 | 0.77 | 8.45 | -56.25 | 0.55 | 7.84 | -49.54 | 0.17 | 6.25 | 0.0 | 8.25 | 15.06 | -29.55 | 71.13 | 0.87 | -1.69 | 60.76 | 9.01 | -14.19 | 39.24 | -11.35 | 31.62 | 24.24 | 1.0 | 5.53 |
| 23Q2 (16) | 0.18 | -47.06 | -65.38 | 36.74 | -3.14 | 2.77 | 1.60 | -49.53 | -76.15 | 2.91 | -45.71 | -72.57 | 2.56 | -46.44 | -65.96 | 0.71 | -46.21 | -66.67 | 0.51 | -40.7 | -61.36 | 0.16 | 0.0 | -5.88 | 7.17 | -25.23 | -50.96 | 70.52 | 6.49 | -0.93 | 55.74 | -5.41 | -12.01 | 44.26 | 7.77 | 20.77 | 24.00 | -3.92 | 11.32 |
| 23Q1 (15) | 0.34 | -5.56 | 13.33 | 37.93 | 1.72 | 10.62 | 3.17 | -11.94 | 48.13 | 5.36 | -1.47 | 32.35 | 4.78 | 3.69 | 5.99 | 1.32 | -9.59 | 12.82 | 0.86 | -7.53 | 13.16 | 0.16 | -11.11 | 0.0 | 9.59 | 4.01 | 17.24 | 66.22 | -8.78 | -1.6 | 58.93 | -10.54 | 12.24 | 41.07 | 20.35 | -13.53 | 24.98 | 8.85 | 6.98 |
| 22Q4 (14) | 0.36 | -16.28 | -30.77 | 37.29 | -3.24 | 12.45 | 3.60 | -34.31 | -38.14 | 5.44 | -29.99 | -42.0 | 4.61 | -24.55 | -39.58 | 1.46 | -17.05 | -26.63 | 0.93 | -14.68 | -26.19 | 0.18 | 5.88 | 12.5 | 9.22 | -21.26 | -30.31 | 72.59 | 0.33 | 13.1 | 65.87 | -6.97 | 6.41 | 34.13 | 14.47 | -10.42 | 22.95 | -0.09 | 0.61 |
| 22Q3 (13) | 0.43 | -17.31 | 0.0 | 38.54 | 7.8 | 8.2 | 5.48 | -18.33 | 46.92 | 7.77 | -26.77 | -7.83 | 6.11 | -18.75 | -9.88 | 1.76 | -17.37 | 2.33 | 1.09 | -17.42 | 1.87 | 0.17 | 0.0 | 13.33 | 11.71 | -19.9 | -6.02 | 72.35 | 1.64 | 9.8 | 70.81 | 11.77 | 60.56 | 29.81 | -18.66 | -46.67 | 22.97 | 6.54 | 3.47 |
| 22Q2 (12) | 0.52 | 73.33 | 48.57 | 35.75 | 4.26 | -4.08 | 6.71 | 213.55 | 26.13 | 10.61 | 161.98 | 44.55 | 7.52 | 66.74 | 46.59 | 2.13 | 82.05 | 46.9 | 1.32 | 73.68 | 50.0 | 0.17 | 6.25 | 6.25 | 14.62 | 78.73 | 30.54 | 71.18 | 5.77 | -4.28 | 63.35 | 20.66 | -12.6 | 36.65 | -22.84 | 33.2 | 21.56 | -7.67 | 2.67 |
| 22Q1 (11) | 0.30 | -42.31 | -30.23 | 34.29 | 3.41 | -9.98 | 2.14 | -63.23 | -66.51 | 4.05 | -56.82 | -49.69 | 4.51 | -40.89 | -30.4 | 1.17 | -41.21 | -37.77 | 0.76 | -39.68 | -30.91 | 0.16 | 0.0 | 0.0 | 8.18 | -38.17 | -32.06 | 67.30 | 4.86 | -14.66 | 52.50 | -15.19 | -33.86 | 47.50 | 24.69 | 130.3 | 23.35 | 2.37 | 5.8 |
| 21Q4 (10) | 0.52 | 20.93 | 62.5 | 33.16 | -6.91 | -3.66 | 5.82 | 56.03 | 164.55 | 9.38 | 11.27 | 83.92 | 7.63 | 12.54 | 74.6 | 1.99 | 15.7 | 39.16 | 1.26 | 17.76 | 50.0 | 0.16 | 6.67 | -11.11 | 13.23 | 6.18 | 51.37 | 64.18 | -2.6 | -25.78 | 61.90 | 40.38 | 41.87 | 38.10 | -31.85 | -33.48 | 22.81 | 2.75 | -3.59 |
| 21Q3 (9) | 0.43 | 22.86 | 7.5 | 35.62 | -4.43 | -2.7 | 3.73 | -29.89 | -28.27 | 8.43 | 14.85 | 15.32 | 6.78 | 32.16 | 15.5 | 1.72 | 18.62 | -5.49 | 1.07 | 21.59 | 2.88 | 0.15 | -6.25 | -11.76 | 12.46 | 11.25 | 12.35 | 65.89 | -11.39 | -22.0 | 44.10 | -39.16 | -37.84 | 55.90 | 103.15 | 92.4 | 22.20 | 5.71 | 14.49 |
| 21Q2 (8) | 0.35 | -18.6 | -55.13 | 37.27 | -2.15 | -0.35 | 5.32 | -16.74 | -30.18 | 7.34 | -8.82 | -44.94 | 5.13 | -20.83 | -57.88 | 1.45 | -22.87 | -60.81 | 0.88 | -20.0 | -56.22 | 0.16 | 0.0 | 0.0 | 11.20 | -6.98 | -35.26 | 74.36 | -5.71 | -15.95 | 72.48 | -8.68 | 26.6 | 27.52 | 33.41 | -35.63 | 21.00 | -4.85 | 4.32 |
| 21Q1 (7) | 0.43 | 34.37 | 13.16 | 38.09 | 10.66 | 3.22 | 6.39 | 190.45 | 8.49 | 8.05 | 57.84 | 15.99 | 6.48 | 48.28 | 19.12 | 1.88 | 31.47 | 0.0 | 1.10 | 30.95 | 4.76 | 0.16 | -11.11 | -11.11 | 12.04 | 37.76 | 13.16 | 78.86 | -8.8 | -15.19 | 79.38 | 81.9 | -6.43 | 20.62 | -63.99 | 35.94 | 22.07 | -6.72 | 0 |
| 20Q4 (6) | 0.32 | -20.0 | 33.33 | 34.42 | -5.98 | -2.38 | 2.20 | -57.69 | -18.52 | 5.10 | -30.23 | 30.77 | 4.37 | -25.55 | 27.03 | 1.43 | -21.43 | 20.17 | 0.84 | -19.23 | 21.74 | 0.18 | 5.88 | 0.0 | 8.74 | -21.19 | 15.15 | 86.47 | 2.37 | -8.92 | 43.64 | -38.49 | -36.53 | 57.27 | 97.12 | 83.27 | 23.66 | 22.02 | 12.45 |
| 20Q3 (5) | 0.40 | -48.72 | 21.21 | 36.61 | -2.11 | -2.37 | 5.20 | -31.76 | -12.61 | 7.31 | -45.16 | 9.76 | 5.87 | -51.81 | 17.4 | 1.82 | -50.81 | 7.69 | 1.04 | -48.26 | 10.64 | 0.17 | 6.25 | 0.0 | 11.09 | -35.9 | 6.23 | 84.47 | -4.52 | -11.28 | 70.95 | 23.91 | -20.56 | 29.05 | -32.03 | 171.86 | 19.39 | -3.68 | 1.36 |
| 20Q2 (4) | 0.78 | 105.26 | 0.0 | 37.40 | 1.36 | 0.0 | 7.62 | 29.37 | 0.0 | 13.33 | 92.07 | 0.0 | 12.18 | 123.9 | 0.0 | 3.70 | 96.81 | 0.0 | 2.01 | 91.43 | 0.0 | 0.16 | -11.11 | 0.0 | 17.30 | 62.59 | 0.0 | 88.47 | -4.85 | 0.0 | 57.25 | -32.5 | 0.0 | 42.75 | 181.73 | 0.0 | 20.13 | 0 | 0.0 |
| 20Q1 (3) | 0.38 | 58.33 | 0.0 | 36.90 | 4.65 | 0.0 | 5.89 | 118.15 | 0.0 | 6.94 | 77.95 | 0.0 | 5.44 | 58.14 | 0.0 | 1.88 | 57.98 | 0.0 | 1.05 | 52.17 | 0.0 | 0.18 | 0.0 | 0.0 | 10.64 | 40.18 | 0.0 | 92.98 | -2.06 | 0.0 | 84.83 | 23.39 | 0.0 | 15.17 | -51.45 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (2) | 0.24 | -27.27 | 0.0 | 35.26 | -5.97 | 0.0 | 2.70 | -54.62 | 0.0 | 3.90 | -41.44 | 0.0 | 3.44 | -31.2 | 0.0 | 1.19 | -29.59 | 0.0 | 0.69 | -26.6 | 0.0 | 0.18 | 5.88 | 0.0 | 7.59 | -27.3 | 0.0 | 94.94 | -0.28 | 0.0 | 68.75 | -23.02 | 0.0 | 31.25 | 192.41 | 0.0 | 21.04 | 9.98 | 0.0 |
| 19Q3 (1) | 0.33 | 0.0 | 0.0 | 37.50 | 0.0 | 0.0 | 5.95 | 0.0 | 0.0 | 6.66 | 0.0 | 0.0 | 5.00 | 0.0 | 0.0 | 1.69 | 0.0 | 0.0 | 0.94 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 10.44 | 0.0 | 0.0 | 95.21 | 0.0 | 0.0 | 89.31 | 0.0 | 0.0 | 10.69 | 0.0 | 0.0 | 19.13 | 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) | 1.08 | -32.92 | 36.62 | 0.3 | 2.70 | -39.73 | 3.58 | 5.87 | 4.56 | -34.48 | 3.77 | -33.51 | 4.34 | -31.11 | 2.89 | -27.75 | 0.67 | 1.52 | 8.92 | -18.17 | 72.21 | -0.52 | 59.08 | -8.19 | 40.92 | 14.77 | 0.14 | -18.45 | 23.25 | 2.38 |
| 2022 (9) | 1.61 | -7.47 | 36.51 | 1.3 | 4.48 | -15.95 | 3.38 | 1.44 | 6.96 | -16.04 | 5.67 | -12.77 | 6.30 | -12.01 | 4.00 | -7.62 | 0.66 | 4.76 | 10.90 | -10.87 | 72.59 | 13.1 | 64.35 | 0.01 | 35.65 | -0.02 | 0.17 | 37.11 | 22.71 | 3.18 |
| 2021 (8) | 1.74 | -7.45 | 36.04 | -0.69 | 5.33 | 3.5 | 3.33 | 8.23 | 8.29 | 3.11 | 6.50 | -4.97 | 7.16 | -19.55 | 4.33 | -12.7 | 0.63 | -7.35 | 12.23 | 3.56 | 64.18 | -25.78 | 64.34 | 0.56 | 35.66 | -0.57 | 0.13 | -44.78 | 22.01 | 6.43 |
| 2020 (7) | 1.88 | 45.74 | 36.29 | -2.84 | 5.15 | 9.57 | 3.08 | -0.61 | 8.04 | 43.83 | 6.84 | 41.61 | 8.90 | 34.64 | 4.96 | 31.91 | 0.68 | -4.23 | 11.81 | 26.04 | 86.47 | -8.92 | 63.98 | -23.9 | 35.87 | 125.3 | 0.23 | 9.31 | 20.68 | 7.09 |
| 2019 (6) | 1.29 | 4.03 | 37.35 | -1.19 | 4.70 | 5.86 | 3.10 | -4.51 | 5.59 | -5.89 | 4.83 | -0.21 | 6.61 | 1.85 | 3.76 | -0.27 | 0.71 | -1.39 | 9.37 | -4.58 | 94.94 | 6.87 | 84.08 | 12.61 | 15.92 | -37.16 | 0.21 | -30.26 | 19.31 | 5.23 |
| 2018 (5) | 1.24 | 18.1 | 37.80 | 22.77 | 4.44 | 0.0 | 3.25 | -18.28 | 5.94 | 1.37 | 4.84 | -1.43 | 6.49 | 17.57 | 3.77 | 13.55 | 0.72 | 16.13 | 9.82 | -6.48 | 88.84 | 6.54 | 74.67 | -1.34 | 25.33 | 4.18 | 0.30 | -4.54 | 18.35 | -5.66 |
| 2017 (4) | 1.05 | 0.0 | 30.79 | 5.41 | 4.44 | -10.3 | 3.97 | -8.54 | 5.86 | -12.54 | 4.91 | -10.07 | 5.52 | -4.0 | 3.32 | -4.6 | 0.62 | 6.9 | 10.50 | -10.18 | 83.39 | 2.84 | 75.68 | 2.41 | 24.32 | -6.83 | 0.31 | 0 | 19.45 | -0.71 |
| 2016 (3) | 1.05 | -11.76 | 29.21 | 1.95 | 4.95 | 13.27 | 4.34 | -1.07 | 6.70 | -16.25 | 5.46 | -14.69 | 5.75 | -12.35 | 3.48 | -10.31 | 0.58 | 3.57 | 11.69 | -10.83 | 81.09 | 0.63 | 73.90 | 35.19 | 26.10 | -42.43 | 0.00 | 0 | 19.59 | 2.3 |
| 2015 (2) | 1.19 | 1.71 | 28.65 | -6.46 | 4.37 | -16.92 | 4.39 | 7.13 | 8.00 | -2.08 | 6.40 | -3.32 | 6.56 | -1.06 | 3.88 | 6.89 | 0.56 | 12.0 | 13.11 | -0.23 | 80.58 | -8.44 | 54.67 | -15.16 | 45.33 | 27.46 | 0.00 | 0 | 19.15 | -4.2 |
| 2014 (1) | 1.17 | 44.44 | 30.63 | 0 | 5.26 | 0 | 4.10 | 9.82 | 8.17 | 0 | 6.62 | 0 | 6.63 | 0 | 3.63 | 0 | 0.50 | 2.04 | 13.14 | 20.99 | 88.01 | -25.15 | 64.43 | -10.34 | 35.57 | 26.41 | 0.00 | 0 | 19.99 | 2.51 |
