- 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) | 0.56 | -16.42 | 19.15 | 73.81 | 10.54 | 8.34 | 28.71 | 23.75 | 77.22 | 40.17 | 47.68 | 16.33 | 28.47 | -17.07 | 9.71 | 3.72 | -16.4 | 20.78 | 3.19 | -18.41 | 17.71 | 0.11 | 0.0 | 10.0 | 44.25 | 42.6 | 13.49 | 14.86 | -16.42 | 17.1 | 71.43 | -16.07 | 51.1 | 28.57 | 91.84 | -45.81 | 26.98 | -2.77 | -15.92 |
| 24Q2 (19) | 0.67 | 109.38 | -9.46 | 66.77 | -3.32 | -1.81 | 23.20 | 16.35 | -25.5 | 27.20 | -12.0 | -23.72 | 34.33 | 53.53 | -5.89 | 4.45 | 112.92 | -5.12 | 3.91 | 104.71 | -5.78 | 0.11 | 22.22 | 0.0 | 31.03 | -14.33 | -21.98 | 17.78 | 76.21 | 19.57 | 85.11 | 32.77 | -2.05 | 14.89 | -58.51 | 13.56 | 27.75 | -26.26 | -0.5 |
| 24Q1 (18) | 0.32 | 60.0 | -38.46 | 69.06 | 0.16 | 2.14 | 19.94 | -11.18 | -23.78 | 30.91 | 93.79 | -17.22 | 22.36 | 88.22 | -28.06 | 2.09 | 62.02 | -37.98 | 1.91 | 64.66 | -36.75 | 0.09 | -10.0 | -10.0 | 36.22 | 79.93 | -13.68 | 10.09 | 4.13 | -8.69 | 64.10 | -53.38 | -8.18 | 35.90 | 186.15 | 18.91 | 37.63 | 47.16 | 8.6 |
| 23Q4 (17) | 0.20 | -57.45 | -60.78 | 68.95 | 1.2 | 3.13 | 22.45 | 38.58 | -26.54 | 15.95 | -53.81 | -50.3 | 11.88 | -54.22 | -54.9 | 1.29 | -58.12 | -62.06 | 1.16 | -57.2 | -62.09 | 0.10 | 0.0 | -16.67 | 20.13 | -48.37 | -44.98 | 9.69 | -23.64 | -17.46 | 137.50 | 190.87 | 45.75 | -41.67 | -179.02 | -836.11 | 25.57 | -20.32 | -4.48 |
| 23Q3 (16) | 0.47 | -36.49 | -14.55 | 68.13 | 0.19 | 2.84 | 16.20 | -47.98 | -31.9 | 34.53 | -3.17 | 4.54 | 25.95 | -28.87 | 0.23 | 3.08 | -34.33 | -10.2 | 2.71 | -34.7 | -13.42 | 0.10 | -9.09 | -16.67 | 38.99 | -1.96 | 4.2 | 12.69 | -14.66 | 23.8 | 47.27 | -45.59 | -34.55 | 52.73 | 302.05 | 89.82 | 32.09 | 15.06 | 26.44 |
| 23Q2 (15) | 0.74 | 42.31 | 72.09 | 68.00 | 0.58 | 15.76 | 31.14 | 19.04 | 80.73 | 35.66 | -4.5 | 63.13 | 36.48 | 17.37 | 68.03 | 4.69 | 39.17 | 65.72 | 4.15 | 37.42 | 60.23 | 0.11 | 10.0 | -8.33 | 39.77 | -5.22 | 49.4 | 14.87 | 34.57 | 57.19 | 86.89 | 24.46 | 9.41 | 13.11 | -56.56 | -36.3 | 27.89 | -19.51 | 16.4 |
| 23Q1 (14) | 0.52 | 1.96 | 92.59 | 67.61 | 1.12 | 26.63 | 26.16 | -14.4 | 145.4 | 37.34 | 16.36 | 79.61 | 31.08 | 18.0 | 86.44 | 3.37 | -0.88 | 89.33 | 3.02 | -1.31 | 86.42 | 0.10 | -16.67 | 0.0 | 41.96 | 14.68 | 51.81 | 11.05 | -5.88 | 18.31 | 69.81 | -26.0 | 39.62 | 30.19 | 433.33 | -34.59 | 34.65 | 29.44 | 8.35 |
| 22Q4 (13) | 0.51 | -7.27 | 168.42 | 66.86 | 0.92 | 36.78 | 30.56 | 28.46 | 160.09 | 32.09 | -2.85 | 173.81 | 26.34 | 1.74 | 170.15 | 3.40 | -0.87 | 178.69 | 3.06 | -2.24 | 178.18 | 0.12 | 0.0 | 9.09 | 36.59 | -2.22 | 106.37 | 11.74 | 14.54 | 8.6 | 94.34 | 30.62 | -5.66 | 5.66 | -79.62 | 0 | 26.77 | 5.48 | 18.56 |
| 22Q3 (12) | 0.55 | 27.91 | 30.95 | 66.25 | 12.79 | 33.92 | 23.79 | 38.07 | 6.35 | 33.03 | 51.1 | 38.37 | 25.89 | 19.25 | 16.2 | 3.43 | 21.2 | 12.83 | 3.13 | 20.85 | 14.23 | 0.12 | 0.0 | 0.0 | 37.42 | 40.57 | 26.85 | 10.25 | 8.35 | -0.77 | 72.22 | -9.05 | -23.12 | 27.78 | 34.92 | 358.33 | 25.38 | 5.93 | 12.4 |
| 22Q2 (11) | 0.43 | 59.26 | 38.71 | 58.74 | 10.02 | 12.34 | 17.23 | 61.63 | 0.17 | 21.86 | 5.15 | 17.91 | 21.71 | 30.23 | 22.86 | 2.83 | 58.99 | 17.92 | 2.59 | 59.88 | 20.47 | 0.12 | 20.0 | 0.0 | 26.62 | -3.69 | 3.9 | 9.46 | 1.28 | -24.38 | 79.41 | 58.82 | -16.81 | 20.59 | -55.39 | 126.47 | 23.96 | -25.08 | -3.15 |
| 22Q1 (10) | 0.27 | 42.11 | -12.9 | 53.39 | 9.23 | -1.37 | 10.66 | -9.28 | -45.02 | 20.79 | 77.39 | -9.09 | 16.67 | 70.97 | -14.43 | 1.78 | 45.9 | -28.23 | 1.62 | 47.27 | -27.68 | 0.10 | -9.09 | -9.09 | 27.64 | 55.89 | -9.76 | 9.34 | -13.6 | -13.76 | 50.00 | -50.0 | -43.18 | 46.15 | 0 | 188.46 | 31.98 | 41.63 | 6.74 |
| 21Q4 (9) | 0.19 | -54.76 | -34.48 | 48.88 | -1.19 | -3.68 | 11.75 | -47.47 | -42.06 | 11.72 | -50.9 | -43.35 | 9.75 | -56.24 | -41.23 | 1.22 | -59.87 | -49.17 | 1.10 | -59.85 | -49.31 | 0.11 | -8.33 | -15.38 | 17.73 | -39.9 | -35.85 | 10.81 | 4.65 | -3.4 | 100.00 | 6.45 | 0.0 | 0.00 | -100.0 | -100.0 | 22.58 | 0.0 | -18.04 |
| 21Q3 (8) | 0.42 | 35.48 | 133.33 | 49.47 | -5.39 | 6.0 | 22.37 | 30.06 | 110.05 | 23.87 | 28.75 | 82.35 | 22.28 | 26.09 | 110.19 | 3.04 | 26.67 | 108.22 | 2.74 | 27.44 | 114.06 | 0.12 | 0.0 | 0.0 | 29.50 | 15.14 | 47.5 | 10.33 | -17.43 | -4.35 | 93.94 | -1.59 | 17.42 | 6.06 | -33.33 | -69.7 | 22.58 | -8.73 | -5.92 |
| 21Q2 (7) | 0.31 | 0.0 | 3.33 | 52.29 | -3.4 | 14.3 | 17.20 | -11.29 | 31.0 | 18.54 | -18.93 | -5.79 | 17.67 | -9.29 | 0.11 | 2.40 | -3.23 | -1.23 | 2.15 | -4.02 | 1.42 | 0.12 | 9.09 | 0.0 | 25.62 | -16.36 | -4.12 | 12.51 | 15.51 | -30.03 | 95.45 | 8.47 | 46.36 | 9.09 | -43.18 | -73.86 | 24.74 | -17.42 | 0 |
| 21Q1 (6) | 0.31 | 6.9 | 106.67 | 54.13 | 6.66 | 23.75 | 19.39 | -4.39 | 131.94 | 22.87 | 10.54 | 77.29 | 19.48 | 17.42 | 97.57 | 2.48 | 3.33 | 108.4 | 2.24 | 3.23 | 135.79 | 0.11 | -15.38 | 10.0 | 30.63 | 10.82 | 43.4 | 10.83 | -3.22 | -13.36 | 88.00 | -12.0 | 27.11 | 16.00 | 300.0 | -58.4 | 29.96 | 8.75 | 0 |
| 20Q4 (5) | 0.29 | 61.11 | 163.64 | 50.75 | 8.74 | -0.84 | 20.28 | 90.42 | 90.07 | 20.69 | 58.06 | 142.27 | 16.59 | 56.51 | 148.73 | 2.40 | 64.38 | 172.73 | 2.17 | 69.53 | 228.79 | 0.13 | 8.33 | 30.0 | 27.64 | 38.2 | 72.0 | 11.19 | 3.61 | -71.49 | 100.00 | 25.0 | -16.67 | 4.00 | -80.0 | 120.0 | 27.55 | 14.79 | 0 |
| 20Q3 (4) | 0.18 | -40.0 | 0.0 | 46.67 | 2.01 | 0.0 | 10.65 | -18.89 | 0.0 | 13.09 | -33.49 | 0.0 | 10.60 | -39.94 | 0.0 | 1.46 | -39.92 | 0.0 | 1.28 | -39.62 | 0.0 | 0.12 | 0.0 | 0.0 | 20.00 | -25.15 | 0.0 | 10.80 | -39.6 | 0.0 | 80.00 | 22.67 | 0.0 | 20.00 | -42.5 | 0.0 | 24.00 | 0 | 0.0 |
| 20Q2 (3) | 0.30 | 100.0 | 0.0 | 45.75 | 4.6 | 0.0 | 13.13 | 57.06 | 0.0 | 19.68 | 52.56 | 0.0 | 17.65 | 79.01 | 0.0 | 2.43 | 104.2 | 0.0 | 2.12 | 123.16 | 0.0 | 0.12 | 20.0 | 0.0 | 26.72 | 25.09 | 0.0 | 17.88 | 43.04 | 0.0 | 65.22 | -5.8 | 0.0 | 34.78 | -9.57 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.15 | 36.36 | 0.0 | 43.74 | -14.54 | 0.0 | 8.36 | -21.65 | 0.0 | 12.90 | 51.05 | 0.0 | 9.86 | 47.83 | 0.0 | 1.19 | 35.23 | 0.0 | 0.95 | 43.94 | 0.0 | 0.10 | 0.0 | 0.0 | 21.36 | 32.92 | 0.0 | 12.50 | -68.15 | 0.0 | 69.23 | -42.31 | 0.0 | 38.46 | 292.31 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.11 | 0.0 | 0.0 | 51.18 | 0.0 | 0.0 | 10.67 | 0.0 | 0.0 | 8.54 | 0.0 | 0.0 | 6.67 | 0.0 | 0.0 | 0.88 | 0.0 | 0.0 | 0.66 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 16.07 | 0.0 | 0.0 | 39.25 | 0.0 | 0.0 | 120.00 | 0.0 | 0.0 | -20.00 | 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) | 1.86 | 12.73 | 68.17 | 10.16 | 24.09 | 13.2 | 4.34 | -9.59 | 31.05 | 13.2 | 26.66 | 15.61 | 12.48 | 9.09 | 11.28 | 9.73 | 0.42 | -6.67 | 35.53 | 10.07 | 9.69 | -17.46 | 77.72 | 0.01 | 22.28 | -0.04 | 0.00 | 0 | 29.97 | 12.08 |
| 2022 (9) | 1.65 | 36.36 | 61.88 | 21.38 | 21.28 | 21.12 | 4.80 | -23.18 | 27.43 | 44.07 | 23.06 | 34.7 | 11.44 | 30.59 | 10.28 | 29.96 | 0.45 | -2.17 | 32.28 | 26.14 | 11.74 | 8.6 | 77.71 | -16.24 | 22.29 | 170.26 | 0.07 | -56.32 | 26.74 | 8.3 |
| 2021 (8) | 1.21 | 32.97 | 50.98 | 8.77 | 17.57 | 31.61 | 6.25 | -10.55 | 19.04 | 13.54 | 17.12 | 23.79 | 8.76 | 18.38 | 7.91 | 33.39 | 0.46 | 6.98 | 25.59 | 6.54 | 10.81 | -3.4 | 92.78 | 17.12 | 8.25 | -60.31 | 0.16 | -24.43 | 24.69 | -6.37 |
| 2020 (7) | 0.91 | 4.6 | 46.87 | -2.46 | 13.35 | -7.99 | 6.99 | 1.87 | 16.77 | 4.16 | 13.83 | 4.06 | 7.40 | 4.23 | 5.93 | 9.41 | 0.43 | 10.26 | 24.02 | -0.41 | 11.19 | -71.49 | 79.22 | -12.38 | 20.78 | 116.7 | 0.21 | 23.95 | 26.37 | 0.23 |
| 2019 (6) | 0.87 | 6.1 | 48.05 | 12.56 | 14.51 | 34.35 | 6.86 | 17.42 | 16.10 | 20.15 | 13.29 | -0.37 | 7.10 | 2.01 | 5.42 | 0.74 | 0.39 | 2.63 | 24.12 | 17.32 | 39.25 | 13.11 | 90.41 | 12.03 | 9.59 | -50.31 | 0.17 | -36.15 | 26.31 | 0.27 |
| 2018 (5) | 0.82 | 256.52 | 42.69 | 13.87 | 10.80 | 119.51 | 5.84 | 4.17 | 13.40 | 243.59 | 13.34 | 261.52 | 6.96 | 248.0 | 5.38 | 209.2 | 0.38 | -2.56 | 20.56 | 87.25 | 34.70 | -10.22 | 80.70 | -34.67 | 19.30 | 0 | 0.26 | -2.73 | 26.24 | 2.42 |
| 2017 (4) | 0.23 | 0 | 37.49 | -6.53 | 4.92 | 0 | 5.61 | 10.83 | 3.90 | 0 | 3.69 | 0 | 2.00 | 0 | 1.74 | 0 | 0.39 | 30.0 | 10.98 | 235.78 | 38.65 | -4.45 | 123.53 | 34.76 | -23.53 | 0 | 0.27 | 0 | 25.62 | 2187.5 |
| 2016 (3) | -0.18 | 0 | 40.11 | 14.57 | -3.36 | 0 | 5.06 | 20.05 | -3.56 | 0 | -3.64 | 0 | -1.52 | 0 | -0.73 | 0 | 0.30 | 25.0 | 3.27 | 0 | 40.45 | -0.81 | 91.67 | -6.83 | 8.33 | 158.33 | 0.00 | 0 | 1.12 | -27.27 |
| 2015 (2) | -0.89 | 0 | 35.01 | -10.46 | -23.15 | 0 | 4.21 | 72.8 | -23.74 | 0 | -24.08 | 0 | -7.38 | 0 | -5.60 | 0 | 0.24 | 0.0 | -18.39 | 0 | 40.78 | 161.75 | 98.39 | -35.54 | 3.23 | 0 | 0.00 | 0 | 1.54 | -30.94 |
| 2014 (1) | -0.27 | 0 | 39.10 | 0 | -11.64 | 0 | 2.44 | -5.28 | -7.69 | 0 | -7.75 | 0 | -2.16 | 0 | -1.74 | 0 | 0.24 | -22.58 | -4.47 | 0 | 15.58 | 9.8 | 152.63 | 0 | -52.63 | 0 | 0.00 | 0 | 2.23 | -8.23 |
