- 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) | 0.30 | -14.29 | 0.0 | 64.17 | -0.08 | -0.26 | 13.43 | -6.87 | -5.42 | 14.19 | -15.49 | -13.63 | 11.21 | -16.47 | -14.43 | 1.93 | -15.35 | -3.5 | 1.30 | -14.47 | -9.72 | 0.11 | 0.0 | 0.0 | 17.61 | -5.17 | -6.08 | 48.80 | -11.77 | 29.61 | 94.00 | 8.75 | 9.3 | 6.00 | -55.75 | -57.14 | 14.99 | -0.93 | -10.72 |
| 24Q2 (19) | 0.35 | -20.45 | -2.78 | 64.22 | -2.98 | -2.64 | 14.42 | -19.35 | -6.49 | 16.79 | -4.44 | -4.17 | 13.42 | -5.43 | -11.88 | 2.28 | -18.28 | -4.6 | 1.52 | -22.84 | -14.12 | 0.11 | -21.43 | -8.33 | 18.57 | -4.08 | -5.64 | 55.31 | 25.76 | 40.13 | 86.44 | -14.74 | -2.97 | 13.56 | 1076.27 | 6.54 | 15.13 | 12.57 | -0.07 |
| 24Q1 (18) | 0.44 | 100.0 | 10.0 | 66.19 | -0.81 | 0.9 | 17.88 | 58.93 | -5.2 | 17.57 | 56.04 | -9.8 | 14.19 | 66.94 | -7.07 | 2.79 | 97.87 | 7.31 | 1.97 | 93.14 | -2.48 | 0.14 | 16.67 | 7.69 | 19.36 | 45.02 | -10.95 | 43.98 | 12.71 | 45.87 | 101.39 | 1.39 | 4.51 | -1.39 | 0 | -146.53 | 13.44 | -13.68 | -2.89 |
| 23Q4 (17) | 0.22 | -26.67 | 29.41 | 66.73 | 3.71 | 3.22 | 11.25 | -20.77 | 9.44 | 11.26 | -31.47 | 17.05 | 8.50 | -35.11 | 19.38 | 1.41 | -29.5 | 27.03 | 1.02 | -29.17 | 14.61 | 0.12 | 9.09 | -7.69 | 13.35 | -28.8 | 11.53 | 39.02 | 3.64 | 46.2 | 100.00 | 16.28 | -6.25 | 0.00 | -100.0 | 100.0 | 15.57 | -7.27 | 0.84 |
| 23Q3 (16) | 0.30 | -16.67 | -11.76 | 64.34 | -2.46 | -1.21 | 14.20 | -7.91 | -8.86 | 16.43 | -6.22 | -9.53 | 13.10 | -13.99 | -10.15 | 2.00 | -16.32 | -13.42 | 1.44 | -18.64 | -23.4 | 0.11 | -8.33 | -15.38 | 18.75 | -4.73 | -8.31 | 37.65 | -4.61 | 71.92 | 86.00 | -3.47 | 0.33 | 14.00 | 10.0 | -2.0 | 16.79 | 10.9 | 5.6 |
| 23Q2 (15) | 0.36 | -10.0 | 5.88 | 65.96 | 0.55 | -0.2 | 15.42 | -18.24 | -19.06 | 17.52 | -10.06 | -13.48 | 15.23 | -0.26 | -2.62 | 2.39 | -8.08 | 4.37 | 1.77 | -12.38 | -2.75 | 0.12 | -7.69 | 9.09 | 19.68 | -9.48 | -14.81 | 39.47 | 30.91 | 63.3 | 89.09 | -8.17 | -4.43 | 12.73 | 326.36 | 150.3 | 15.14 | 9.39 | -3.69 |
| 23Q1 (14) | 0.40 | 135.29 | 8.11 | 65.60 | 1.47 | -1.22 | 18.86 | 83.46 | -0.53 | 19.48 | 102.49 | 3.01 | 15.27 | 114.47 | 4.3 | 2.60 | 134.23 | 6.56 | 2.02 | 126.97 | 7.45 | 0.13 | 0.0 | 0.0 | 21.74 | 81.62 | 0.65 | 30.15 | 12.96 | -3.02 | 97.01 | -9.05 | -2.99 | 2.99 | 144.78 | 0 | 13.84 | -10.36 | -1.07 |
| 22Q4 (13) | 0.17 | -50.0 | 13.33 | 64.65 | -0.74 | -3.49 | 10.28 | -34.02 | 4.05 | 9.62 | -47.03 | 19.5 | 7.12 | -51.17 | 20.07 | 1.11 | -51.95 | 12.12 | 0.89 | -52.66 | 14.1 | 0.13 | 0.0 | 8.33 | 11.97 | -41.47 | 12.82 | 26.69 | 21.87 | -22.03 | 106.67 | 24.44 | -12.73 | -6.67 | -146.67 | 70.0 | 15.44 | -2.89 | 11.8 |
| 22Q3 (12) | 0.34 | 0.0 | 0.0 | 65.13 | -1.45 | -4.02 | 15.58 | -18.22 | 9.56 | 18.16 | -10.32 | 5.21 | 14.58 | -6.78 | 10.37 | 2.31 | 0.87 | 2.67 | 1.88 | 3.3 | 8.05 | 0.13 | 18.18 | 0.0 | 20.45 | -11.47 | 2.25 | 21.90 | -9.39 | -34.16 | 85.71 | -8.05 | 5.36 | 14.29 | 180.95 | -15.71 | 15.90 | 1.15 | 13.57 |
| 22Q2 (11) | 0.34 | -8.11 | -15.0 | 66.09 | -0.48 | -0.99 | 19.05 | 0.47 | 4.96 | 20.25 | 7.09 | -6.12 | 15.64 | 6.83 | -9.7 | 2.29 | -6.15 | -14.87 | 1.82 | -3.19 | -12.92 | 0.11 | -15.38 | -8.33 | 23.10 | 6.94 | -6.7 | 24.17 | -22.26 | -22.08 | 93.22 | -6.78 | 11.53 | 5.08 | 0 | -69.03 | 15.72 | 12.37 | 2.95 |
| 22Q1 (10) | 0.37 | 146.67 | 5.71 | 66.41 | -0.87 | 2.31 | 18.96 | 91.9 | -6.23 | 18.91 | 134.91 | -1.92 | 14.64 | 146.88 | -1.74 | 2.44 | 146.46 | 1.67 | 1.88 | 141.03 | 1.08 | 0.13 | 8.33 | 8.33 | 21.60 | 103.58 | -3.27 | 31.09 | -9.17 | -0.06 | 100.00 | -18.18 | -3.23 | 0.00 | 100.0 | 100.0 | 13.99 | 1.3 | -5.41 |
| 21Q4 (9) | 0.15 | -55.88 | 7.14 | 66.99 | -1.28 | 8.77 | 9.88 | -30.52 | -2.56 | 8.05 | -53.36 | -7.47 | 5.93 | -55.11 | -14.8 | 0.99 | -56.0 | -1.98 | 0.78 | -55.17 | -2.5 | 0.12 | -7.69 | 9.09 | 10.61 | -46.95 | -13.18 | 34.23 | 2.92 | 7.0 | 122.22 | 50.23 | 4.12 | -22.22 | -231.11 | -27.78 | 13.81 | -1.36 | -25.75 |
| 21Q3 (8) | 0.34 | -15.0 | -5.56 | 67.86 | 1.66 | 4.75 | 14.22 | -21.65 | -23.42 | 17.26 | -19.98 | -17.53 | 13.21 | -23.73 | -20.13 | 2.25 | -16.36 | -15.73 | 1.74 | -16.75 | -14.29 | 0.13 | 8.33 | 8.33 | 20.00 | -19.22 | -17.76 | 33.26 | 7.22 | 1.77 | 81.36 | -2.66 | -8.1 | 16.95 | 3.24 | 47.7 | 14.00 | -8.32 | -14.63 |
| 21Q2 (7) | 0.40 | 14.29 | -21.57 | 66.75 | 2.83 | 4.74 | 18.15 | -10.24 | 24.83 | 21.57 | 11.88 | -31.35 | 17.32 | 16.24 | -38.67 | 2.69 | 12.08 | -29.21 | 2.09 | 12.37 | -27.43 | 0.12 | 0.0 | 20.0 | 24.76 | 10.88 | -30.37 | 31.02 | -0.29 | -13.91 | 83.58 | -19.11 | 79.1 | 16.42 | 428.36 | -69.22 | 15.27 | 3.25 | 0 |
| 21Q1 (6) | 0.35 | 150.0 | 29.63 | 64.91 | 5.39 | 1.8 | 20.22 | 99.41 | -0.93 | 19.28 | 121.61 | 6.34 | 14.90 | 114.08 | 8.13 | 2.40 | 137.62 | 15.94 | 1.86 | 132.5 | 25.68 | 0.12 | 9.09 | 20.0 | 22.33 | 82.73 | 2.01 | 31.11 | -2.75 | -2.69 | 103.33 | -11.98 | -8.15 | -5.00 | 71.25 | 60.0 | 14.79 | -20.48 | -10.53 |
| 20Q4 (5) | 0.14 | -61.11 | 600.0 | 61.59 | -4.92 | -1.27 | 10.14 | -45.4 | 6.96 | 8.70 | -58.43 | 148.57 | 6.96 | -57.92 | 527.03 | 1.01 | -62.17 | 531.25 | 0.80 | -60.59 | 471.43 | 0.11 | -8.33 | 22.22 | 12.22 | -49.75 | 58.91 | 31.99 | -2.11 | -42.5 | 117.39 | 32.61 | -54.06 | -17.39 | -251.55 | 89.57 | 18.60 | 13.41 | -3.58 |
| 20Q3 (4) | 0.36 | -29.41 | 0.0 | 64.78 | 1.65 | 0.0 | 18.57 | 27.72 | 0.0 | 20.93 | -33.39 | 0.0 | 16.54 | -41.43 | 0.0 | 2.67 | -29.74 | 0.0 | 2.03 | -29.51 | 0.0 | 0.12 | 20.0 | 0.0 | 24.32 | -31.61 | 0.0 | 32.68 | -9.3 | 0.0 | 88.52 | 89.7 | 0.0 | 11.48 | -78.48 | 0.0 | 16.40 | 0 | 0.0 |
| 20Q2 (3) | 0.51 | 88.89 | 0.0 | 63.73 | -0.05 | 0.0 | 14.54 | -28.76 | 0.0 | 31.42 | 73.3 | 0.0 | 28.24 | 104.93 | 0.0 | 3.80 | 83.57 | 0.0 | 2.88 | 94.59 | 0.0 | 0.10 | 0.0 | 0.0 | 35.56 | 62.45 | 0.0 | 36.03 | 12.7 | 0.0 | 46.67 | -58.52 | 0.0 | 53.33 | 526.67 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.27 | 1250.0 | 0.0 | 63.76 | 2.21 | 0.0 | 20.41 | 115.3 | 0.0 | 18.13 | 418.0 | 0.0 | 13.78 | 1141.44 | 0.0 | 2.07 | 1193.75 | 0.0 | 1.48 | 957.14 | 0.0 | 0.10 | 11.11 | 0.0 | 21.89 | 184.66 | 0.0 | 31.97 | -42.53 | 0.0 | 112.50 | -55.98 | 0.0 | -12.50 | 92.5 | 0.0 | 16.53 | -14.31 | 0.0 |
| 19Q4 (1) | 0.02 | 0.0 | 0.0 | 62.38 | 0.0 | 0.0 | 9.48 | 0.0 | 0.0 | 3.50 | 0.0 | 0.0 | 1.11 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 7.69 | 0.0 | 0.0 | 55.63 | 0.0 | 0.0 | 255.56 | 0.0 | 0.0 | -166.67 | 0.0 | 0.0 | 19.29 | 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) | 1.27 | 4.1 | 65.68 | 0.15 | 14.97 | -6.44 | 2.08 | -7.72 | 16.16 | -3.41 | 13.00 | 0.0 | 8.38 | 3.58 | 6.31 | 0.48 | 0.49 | 2.08 | 18.37 | -4.72 | 39.02 | 46.2 | 92.86 | -2.94 | 7.62 | 76.08 | 0.18 | 11.67 | 15.29 | 0.39 |
| 2022 (9) | 1.22 | -1.61 | 65.58 | -1.62 | 16.00 | 3.29 | 2.25 | -3.37 | 16.73 | 1.83 | 13.00 | 1.96 | 8.09 | -4.49 | 6.28 | -3.68 | 0.48 | -4.0 | 19.28 | 0.21 | 26.69 | -22.03 | 95.67 | 1.41 | 4.33 | -23.56 | 0.16 | 325.61 | 15.23 | 5.4 |
| 2021 (8) | 1.24 | -3.88 | 66.66 | 5.01 | 15.49 | -3.13 | 2.33 | -24.89 | 16.43 | -15.7 | 12.75 | -20.56 | 8.47 | -9.99 | 6.52 | -2.98 | 0.50 | 21.95 | 19.24 | -17.03 | 34.23 | 7.0 | 94.34 | 15.43 | 5.66 | -68.18 | 0.04 | -8.02 | 14.45 | -17.99 |
| 2020 (7) | 1.29 | 69.74 | 63.48 | 4.32 | 15.99 | 18.97 | 3.10 | -10.22 | 19.49 | 59.1 | 16.05 | 75.6 | 9.41 | 62.52 | 6.72 | 73.2 | 0.41 | 0.0 | 23.19 | 41.83 | 31.99 | -42.5 | 81.73 | -25.45 | 17.79 | 0 | 0.04 | 0 | 17.62 | 0.63 |
| 2019 (6) | 0.76 | 33.33 | 60.85 | 6.08 | 13.44 | 9.71 | 3.45 | 33.65 | 12.25 | 23.74 | 9.14 | 35.61 | 5.79 | 32.8 | 3.88 | 27.63 | 0.41 | -4.65 | 16.35 | 24.9 | 55.63 | 0.32 | 109.63 | -11.82 | -9.63 | 0 | 0.00 | 0 | 17.51 | -2.23 |
| 2018 (5) | 0.57 | -12.31 | 57.36 | 33.43 | 12.25 | 21.41 | 2.58 | 40.25 | 9.90 | 35.62 | 6.74 | 23.44 | 4.36 | -11.56 | 3.04 | -11.88 | 0.43 | -29.51 | 13.09 | 37.5 | 55.45 | 18.84 | 124.32 | -10.08 | -23.42 | 0 | 0.07 | 0 | 17.91 | 24.2 |
| 2017 (4) | 0.65 | -4.41 | 42.99 | 0.02 | 10.09 | 14.27 | 1.84 | -8.38 | 7.30 | -2.01 | 5.46 | -13.2 | 4.93 | -6.1 | 3.45 | -4.43 | 0.61 | 10.91 | 9.52 | -3.94 | 46.66 | -7.62 | 138.26 | 16.49 | -38.26 | 0 | 0.00 | 0 | 14.42 | -8.39 |
| 2016 (3) | 0.68 | 13.33 | 42.98 | -6.67 | 8.83 | 6.9 | 2.01 | -5.13 | 7.45 | 7.66 | 6.29 | 8.82 | 5.25 | 14.63 | 3.61 | 12.46 | 0.55 | 3.77 | 9.91 | 1.23 | 50.51 | -2.77 | 118.69 | -0.22 | -18.69 | 0 | 0.00 | 0 | 15.74 | -6.64 |
| 2015 (2) | 0.60 | -1.64 | 46.05 | 0.72 | 8.26 | 33.66 | 2.12 | -6.72 | 6.92 | -10.94 | 5.78 | -11.49 | 4.58 | -3.17 | 3.21 | -4.46 | 0.53 | 8.16 | 9.79 | -11.88 | 51.95 | 12.32 | 118.95 | 50.25 | -18.95 | 0 | 0.00 | 0 | 16.86 | -7.72 |
| 2014 (1) | 0.61 | 27.08 | 45.72 | 0 | 6.18 | 0 | 2.27 | 56.07 | 7.77 | 0 | 6.53 | 0 | 4.73 | 0 | 3.36 | 0 | 0.49 | -16.95 | 11.11 | 58.49 | 46.25 | -11.11 | 79.17 | -27.08 | 20.83 | 0 | 0.00 | 0 | 18.27 | 30.97 |
