- 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) | 2.60 | 17.65 | 25.6 | 32.78 | -21.75 | -4.57 | 22.57 | -28.42 | -6.85 | 43.04 | 16.99 | 23.01 | 35.10 | 22.13 | 25.4 | 4.82 | 12.35 | 16.99 | 4.24 | 20.45 | 32.92 | 0.12 | 0.0 | 9.09 | 54.08 | 13.8 | 20.58 | 9.65 | -48.26 | -67.31 | 52.82 | -38.38 | -23.42 | 47.89 | 235.21 | 54.3 | 18.95 | 3.89 | -2.12 |
| 24Q2 (19) | 2.21 | 12.76 | 46.36 | 41.89 | 7.8 | 14.33 | 31.53 | 13.99 | 30.94 | 36.79 | -9.14 | 6.89 | 28.74 | -11.27 | 4.32 | 4.29 | 12.01 | 37.5 | 3.52 | 14.29 | 46.67 | 0.12 | 33.33 | 33.33 | 47.52 | -11.51 | 5.84 | 18.65 | -29.14 | -41.85 | 85.71 | 24.57 | 22.03 | 14.29 | -55.51 | -52.0 | 18.24 | -19.15 | -20.42 |
| 24Q1 (18) | 1.96 | 243.86 | 33.33 | 38.86 | 10.62 | -6.18 | 27.66 | 22.01 | -8.86 | 40.49 | 245.48 | 32.1 | 32.39 | 245.68 | 32.15 | 3.83 | 245.05 | 26.4 | 3.08 | 238.46 | 29.41 | 0.09 | 0.0 | -10.0 | 53.70 | 118.03 | 35.26 | 26.32 | 4.53 | -18.84 | 68.81 | -64.49 | -30.34 | 32.11 | 134.25 | 2533.03 | 22.56 | -1.57 | 13.03 |
| 23Q4 (17) | 0.57 | -72.46 | -67.8 | 35.13 | 2.27 | -12.13 | 22.67 | -6.44 | -7.81 | 11.72 | -66.5 | -0.17 | 9.37 | -66.52 | -0.21 | 1.11 | -73.06 | 3.74 | 0.91 | -71.47 | 5.81 | 0.09 | -18.18 | 0.0 | 24.63 | -45.08 | 15.26 | 25.18 | -14.7 | -4.55 | 193.75 | 180.94 | -7.89 | -93.75 | -402.08 | 15.04 | 22.92 | 18.39 | -3.58 |
| 23Q3 (16) | 2.07 | 37.09 | 60.47 | 34.35 | -6.25 | -17.27 | 24.23 | 0.62 | -19.42 | 34.99 | 1.66 | -30.4 | 27.99 | 1.6 | -30.41 | 4.12 | 32.05 | -23.13 | 3.19 | 32.92 | -19.04 | 0.11 | 22.22 | 10.0 | 44.85 | -0.11 | -22.89 | 29.52 | -7.95 | -23.72 | 68.97 | -1.81 | 15.21 | 31.03 | 4.28 | -22.69 | 19.36 | -15.53 | -8.07 |
| 23Q2 (15) | 1.51 | 2.72 | -41.92 | 36.64 | -11.54 | -9.28 | 24.08 | -20.66 | -16.19 | 34.42 | 12.3 | -26.11 | 27.55 | 12.4 | -31.06 | 3.12 | 2.97 | -38.58 | 2.40 | 0.84 | -36.0 | 0.09 | -10.0 | 0.0 | 44.90 | 13.1 | -18.36 | 32.07 | -1.11 | -11.58 | 70.24 | -28.89 | 13.32 | 29.76 | 2340.48 | -21.71 | 22.92 | 14.83 | 23.76 |
| 23Q1 (14) | 1.47 | -16.95 | 8.09 | 41.42 | 3.6 | 74.11 | 30.35 | 23.42 | 236.85 | 30.65 | 161.07 | -4.84 | 24.51 | 161.02 | -11.96 | 3.03 | 183.18 | 11.81 | 2.38 | 176.74 | 22.05 | 0.10 | 11.11 | 42.86 | 39.70 | 85.77 | -5.11 | 32.43 | 22.93 | -13.1 | 98.78 | -53.04 | 245.73 | 1.22 | 101.11 | -98.29 | 19.96 | -16.03 | -17.45 |
| 22Q4 (13) | 1.77 | 37.21 | -27.16 | 39.98 | -3.71 | 96.95 | 24.59 | -18.22 | 5131.91 | 11.74 | -76.65 | -63.54 | 9.39 | -76.65 | -70.59 | 1.07 | -80.04 | -61.51 | 0.86 | -78.17 | -54.01 | 0.09 | -10.0 | 50.0 | 21.37 | -63.26 | -51.15 | 26.38 | -31.83 | -42.61 | 210.34 | 251.4 | 9575.86 | -110.34 | -374.89 | -210.34 | 23.77 | 12.87 | -23.12 |
| 22Q3 (12) | 1.29 | -50.38 | 37.23 | 41.52 | 2.8 | 18.02 | 30.07 | 4.66 | 41.44 | 50.27 | 7.92 | 133.6 | 40.22 | 0.65 | 110.14 | 5.36 | 5.51 | 24.65 | 3.94 | 5.07 | 37.28 | 0.10 | 11.11 | -33.33 | 58.16 | 5.75 | 100.83 | 38.70 | 6.7 | -34.12 | 59.86 | -3.43 | -39.19 | 40.14 | 5.59 | 2469.01 | 21.06 | 13.71 | 1.49 |
| 22Q2 (11) | 2.60 | 91.18 | 251.35 | 40.39 | 69.78 | 32.34 | 28.73 | 218.87 | 51.05 | 46.58 | 44.61 | 305.04 | 39.96 | 43.53 | 288.72 | 5.08 | 87.45 | 197.08 | 3.75 | 92.31 | 212.5 | 0.09 | 28.57 | -18.18 | 55.00 | 31.45 | 182.92 | 36.27 | -2.81 | -20.07 | 61.98 | 116.94 | -62.21 | 38.02 | -46.78 | 159.4 | 18.52 | -23.41 | -3.69 |
| 22Q1 (10) | 1.36 | -44.03 | -21.39 | 23.79 | 17.19 | -38.76 | 9.01 | 1817.02 | -66.64 | 32.21 | 0.03 | 16.79 | 27.84 | -12.81 | 26.2 | 2.71 | -2.52 | -33.9 | 1.95 | 4.28 | -32.06 | 0.07 | 16.67 | -46.15 | 41.84 | -4.37 | 17.56 | 37.32 | -18.82 | -16.99 | 28.57 | 1214.29 | -70.98 | 71.43 | -28.57 | 4542.86 | 24.18 | -21.8 | 19.41 |
| 21Q4 (9) | 2.43 | 158.51 | 109.48 | 20.30 | -42.3 | -45.52 | 0.47 | -97.79 | -98.17 | 32.20 | 49.63 | 65.04 | 31.93 | 66.82 | 104.55 | 2.78 | -35.35 | -2.11 | 1.87 | -34.84 | -6.5 | 0.06 | -60.0 | -53.85 | 43.75 | 51.07 | 57.37 | 45.97 | -21.74 | 5.32 | 2.17 | -97.79 | -98.32 | 100.00 | 6300.0 | 414.29 | 30.92 | 49.01 | 61.29 |
| 21Q3 (8) | 0.94 | 27.03 | -17.54 | 35.18 | 15.27 | -2.9 | 21.26 | 11.78 | -12.4 | 21.52 | 87.13 | 9.85 | 19.14 | 86.19 | 22.85 | 4.30 | 151.46 | 48.79 | 2.87 | 139.17 | 48.7 | 0.15 | 36.36 | 25.0 | 28.96 | 48.97 | 2.77 | 58.74 | 29.44 | 28.17 | 98.44 | -39.98 | -20.14 | 1.56 | 102.44 | 106.72 | 20.75 | 7.9 | -0.24 |
| 21Q2 (7) | 0.74 | -57.23 | -68.51 | 30.52 | -21.44 | -26.32 | 19.02 | -29.58 | -41.76 | 11.50 | -58.3 | -59.96 | 10.28 | -53.4 | -55.65 | 1.71 | -58.29 | -71.21 | 1.20 | -58.19 | -68.75 | 0.11 | -15.38 | -31.25 | 19.44 | -45.38 | -44.06 | 45.38 | 0.93 | -21.83 | 164.00 | 66.56 | 44.32 | -64.00 | -4260.0 | -369.33 | 19.23 | -5.04 | 0 |
| 21Q1 (6) | 1.73 | 49.14 | 10.9 | 38.85 | 4.27 | 12.02 | 27.01 | 4.97 | 22.55 | 27.58 | 41.36 | 10.76 | 22.06 | 41.32 | 10.69 | 4.10 | 44.37 | 3.54 | 2.87 | 43.5 | 11.24 | 0.13 | 0.0 | 0.0 | 35.59 | 28.02 | 8.61 | 44.96 | 3.0 | -17.23 | 98.46 | -23.99 | 11.72 | 1.54 | 104.84 | -87.03 | 20.25 | 5.63 | 5.52 |
| 20Q4 (5) | 1.16 | 1.75 | 12.62 | 37.26 | 2.84 | 16.47 | 25.73 | 6.02 | 17.54 | 19.51 | -0.41 | 30.68 | 15.61 | 0.19 | 34.45 | 2.84 | -1.73 | 4.8 | 2.00 | 3.63 | 14.94 | 0.13 | 8.33 | -13.33 | 27.80 | -1.35 | 25.79 | 43.65 | -4.76 | -27.76 | 129.55 | 5.1 | -10.66 | -31.82 | -36.82 | 33.01 | 19.17 | -7.84 | 18.63 |
| 20Q3 (4) | 1.14 | -51.49 | 0.0 | 36.23 | -12.53 | 0.0 | 24.27 | -25.69 | 0.0 | 19.59 | -31.79 | 0.0 | 15.58 | -32.79 | 0.0 | 2.89 | -51.35 | 0.0 | 1.93 | -49.74 | 0.0 | 0.12 | -25.0 | 0.0 | 28.18 | -18.91 | 0.0 | 45.83 | -21.05 | 0.0 | 123.26 | 8.47 | 0.0 | -23.26 | -70.54 | 0.0 | 20.80 | 0 | 0.0 |
| 20Q2 (3) | 2.35 | 50.64 | 0.0 | 41.42 | 19.43 | 0.0 | 32.66 | 48.19 | 0.0 | 28.72 | 15.34 | 0.0 | 23.18 | 16.31 | 0.0 | 5.94 | 50.0 | 0.0 | 3.84 | 48.84 | 0.0 | 0.16 | 23.08 | 0.0 | 34.75 | 6.04 | 0.0 | 58.05 | 6.87 | 0.0 | 113.64 | 28.93 | 0.0 | -13.64 | -214.94 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 1.56 | 51.46 | 0.0 | 34.68 | 8.41 | 0.0 | 22.04 | 0.69 | 0.0 | 24.90 | 66.78 | 0.0 | 19.93 | 71.66 | 0.0 | 3.96 | 46.13 | 0.0 | 2.58 | 48.28 | 0.0 | 0.13 | -13.33 | 0.0 | 32.77 | 48.28 | 0.0 | 54.32 | -10.1 | 0.0 | 88.14 | -39.22 | 0.0 | 11.86 | 124.98 | 0.0 | 19.19 | 18.75 | 0.0 |
| 19Q4 (1) | 1.03 | 0.0 | 0.0 | 31.99 | 0.0 | 0.0 | 21.89 | 0.0 | 0.0 | 14.93 | 0.0 | 0.0 | 11.61 | 0.0 | 0.0 | 2.71 | 0.0 | 0.0 | 1.74 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 22.10 | 0.0 | 0.0 | 60.42 | 0.0 | 0.0 | 145.00 | 0.0 | 0.0 | -47.50 | 0.0 | 0.0 | 16.16 | 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) | 5.63 | -14.95 | 36.74 | -1.53 | 25.29 | 4.72 | 10.04 | 22.27 | 28.15 | -21.85 | 22.52 | -24.78 | 11.11 | -21.32 | 9.00 | -14.85 | 0.39 | 11.43 | 38.65 | -13.79 | 25.18 | -4.55 | 89.81 | 33.96 | 10.19 | -69.08 | 0.00 | 0 | 21.15 | -2.49 |
| 2022 (9) | 6.62 | 14.73 | 37.31 | 14.38 | 24.15 | 27.98 | 8.22 | 3.32 | 36.02 | 60.66 | 29.94 | 50.98 | 14.12 | 28.48 | 10.57 | 37.45 | 0.35 | -7.89 | 44.83 | 45.55 | 26.38 | -42.61 | 67.04 | -20.66 | 32.96 | 105.99 | 0.00 | 0 | 21.69 | -0.91 |
| 2021 (8) | 5.77 | -7.09 | 32.62 | -13.47 | 18.87 | -29.25 | 7.95 | 10.19 | 22.42 | -5.28 | 19.83 | 4.48 | 10.99 | -29.37 | 7.69 | -26.13 | 0.38 | -29.63 | 30.80 | -1.28 | 45.97 | 5.32 | 84.50 | -24.85 | 16.00 | 0 | 0.00 | 0 | 21.89 | 19.03 |
| 2020 (7) | 6.21 | 16.95 | 37.70 | 16.97 | 26.67 | 25.8 | 7.22 | -1.08 | 23.67 | 10.4 | 18.98 | 12.64 | 15.56 | 10.2 | 10.41 | 17.1 | 0.54 | 5.88 | 31.20 | 6.16 | 43.65 | -27.76 | 112.45 | 13.57 | -12.45 | 0 | 0.00 | 0 | 18.39 | 2.62 |
| 2019 (6) | 5.31 | 3.71 | 32.23 | 0.84 | 21.20 | 11.29 | 7.29 | -6.14 | 21.44 | -12.38 | 16.85 | -14.12 | 14.12 | -3.95 | 8.89 | -4.72 | 0.51 | 10.87 | 29.39 | -10.59 | 60.42 | -8.54 | 99.01 | 26.74 | 0.99 | -95.6 | 0.00 | 0 | 17.92 | -14.46 |
| 2018 (5) | 5.12 | 157.29 | 31.96 | 11.17 | 19.05 | 30.48 | 7.77 | 5.89 | 24.47 | 120.25 | 19.62 | 128.14 | 14.70 | 148.73 | 9.33 | 116.47 | 0.46 | -6.12 | 32.87 | 75.68 | 66.06 | 17.61 | 78.12 | -40.44 | 22.40 | 0 | 0.05 | 0 | 20.95 | -0.14 |
| 2017 (4) | 1.99 | -62.24 | 28.75 | -25.94 | 14.60 | -40.51 | 7.34 | 56.34 | 11.11 | -55.95 | 8.60 | -58.39 | 5.91 | -62.76 | 4.31 | -65.87 | 0.49 | -19.67 | 18.71 | -37.61 | 56.17 | 122.02 | 131.17 | 34.66 | -31.17 | 0 | 0.00 | 0 | 20.98 | 5.96 |
| 2016 (3) | 5.27 | 1.35 | 38.82 | 3.69 | 24.54 | -0.97 | 4.69 | 10.7 | 25.22 | -8.85 | 20.67 | -9.58 | 15.87 | -4.51 | 12.63 | -6.03 | 0.61 | 3.39 | 29.99 | -6.34 | 25.30 | -3.91 | 97.41 | 8.94 | 2.59 | -75.52 | 0.00 | 0 | 19.80 | 2.27 |
| 2015 (2) | 5.20 | 5.48 | 37.44 | 2.94 | 24.78 | 8.3 | 4.24 | -4.37 | 27.67 | 6.83 | 22.86 | 8.86 | 16.62 | -6.73 | 13.44 | -5.35 | 0.59 | -11.94 | 32.02 | 5.4 | 26.33 | 24.73 | 89.42 | 1.64 | 10.58 | -7.11 | 0.00 | 0 | 19.36 | -5.7 |
| 2014 (1) | 4.93 | 59.03 | 36.37 | 0 | 22.88 | 0 | 4.43 | -14.4 | 25.90 | 0 | 21.00 | 0 | 17.82 | 0 | 14.20 | 0 | 0.67 | -9.46 | 30.38 | 28.13 | 21.11 | -37.47 | 87.97 | -0.22 | 11.39 | -3.68 | 0.00 | 0 | 20.53 | -9.04 |
