- 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) | 0.47 | 23.68 | 42.42 | 8.92 | 11.78 | 4.94 | 5.26 | 15.86 | 20.37 | 6.28 | 21.47 | 27.13 | 4.96 | 21.27 | 30.18 | 2.51 | 17.84 | 36.41 | 1.48 | 19.35 | 28.7 | 0.28 | 0.0 | 0.0 | 8.00 | 17.82 | 20.3 | 77.26 | -8.6 | 3.32 | 83.76 | -4.61 | -5.43 | 16.24 | 33.23 | 42.07 | 6.88 | 2.84 | 4.72 |
| 24Q2 (19) | 0.38 | 22.58 | 22.58 | 7.98 | -6.12 | 11.3 | 4.54 | 3.89 | 34.32 | 5.17 | 3.19 | 12.88 | 4.09 | 4.07 | 9.07 | 2.13 | 23.12 | 21.71 | 1.24 | 16.98 | 13.76 | 0.28 | 12.0 | 3.7 | 6.79 | -0.73 | 7.27 | 84.53 | 2.31 | 14.59 | 87.81 | 0.47 | 18.69 | 12.19 | -3.24 | -53.15 | 6.69 | -11.16 | -7.47 |
| 24Q1 (18) | 0.31 | -22.5 | -3.13 | 8.50 | -3.74 | -3.85 | 4.37 | -16.92 | -3.74 | 5.01 | -21.72 | -5.29 | 3.93 | -20.93 | -9.24 | 1.73 | -21.0 | -5.98 | 1.06 | -22.06 | -7.02 | 0.25 | -3.85 | 4.17 | 6.84 | -16.69 | -6.43 | 82.62 | 20.9 | 11.18 | 87.40 | 6.34 | 1.58 | 12.60 | -29.26 | -12.17 | 7.53 | 8.82 | -1.83 |
| 23Q4 (17) | 0.40 | 21.21 | 122.22 | 8.83 | 3.88 | 39.49 | 5.26 | 20.37 | 92.67 | 6.40 | 29.55 | 92.77 | 4.97 | 30.45 | 133.33 | 2.19 | 19.02 | 116.83 | 1.36 | 18.26 | 106.06 | 0.26 | -7.14 | 0.0 | 8.21 | 23.46 | 56.98 | 68.34 | -8.61 | -14.21 | 82.20 | -7.2 | -0.15 | 17.80 | 55.79 | 0.7 | 6.92 | 5.33 | 13.07 |
| 23Q3 (16) | 0.33 | 6.45 | 175.0 | 8.50 | 18.55 | 117.95 | 4.37 | 29.29 | 475.0 | 4.94 | 7.86 | 337.17 | 3.81 | 1.6 | 207.26 | 1.84 | 5.14 | 174.63 | 1.15 | 5.5 | 161.36 | 0.28 | 3.7 | 0.0 | 6.65 | 5.06 | 143.59 | 74.78 | 1.37 | -17.87 | 88.57 | 19.72 | 31.91 | 11.43 | -56.07 | -65.22 | 6.57 | -9.13 | 11.17 |
| 23Q2 (15) | 0.31 | -3.13 | -11.43 | 7.17 | -18.89 | -9.36 | 3.38 | -25.55 | -26.52 | 4.58 | -13.42 | -0.87 | 3.75 | -13.39 | 5.34 | 1.75 | -4.89 | -15.46 | 1.09 | -4.39 | -1.8 | 0.27 | 12.5 | -6.9 | 6.33 | -13.41 | 3.94 | 73.77 | -0.73 | -27.18 | 73.98 | -14.02 | -25.53 | 26.02 | 81.41 | 3854.47 | 7.23 | -5.74 | 25.74 |
| 23Q1 (14) | 0.32 | 77.78 | 10.34 | 8.84 | 39.65 | 41.44 | 4.54 | 66.3 | 44.13 | 5.29 | 59.34 | 39.21 | 4.33 | 103.29 | 45.79 | 1.84 | 82.18 | 13.58 | 1.14 | 72.73 | 28.09 | 0.24 | -7.69 | -14.29 | 7.31 | 39.77 | 40.85 | 74.31 | -6.72 | -27.7 | 86.05 | 4.53 | 3.77 | 14.34 | -18.88 | -16.05 | 7.67 | 25.33 | 32.24 |
| 22Q4 (13) | 0.18 | 50.0 | -53.85 | 6.33 | 62.31 | -5.94 | 2.73 | 259.21 | -13.88 | 3.32 | 193.81 | -21.14 | 2.13 | 71.77 | -40.0 | 1.01 | 50.75 | -53.46 | 0.66 | 50.0 | -44.07 | 0.26 | -7.14 | -16.13 | 5.23 | 91.58 | -5.42 | 79.66 | -12.51 | -16.41 | 82.32 | 22.6 | 9.16 | 17.68 | -46.19 | -28.09 | 6.12 | 3.55 | 24.14 |
| 22Q3 (12) | 0.12 | -65.71 | -76.47 | 3.90 | -50.7 | -59.84 | 0.76 | -83.48 | -87.66 | 1.13 | -75.54 | -82.12 | 1.24 | -65.17 | -74.17 | 0.67 | -67.63 | -77.29 | 0.44 | -60.36 | -71.43 | 0.28 | -3.45 | -9.68 | 2.73 | -55.17 | -64.03 | 91.05 | -10.12 | -8.24 | 67.14 | -32.41 | -30.98 | 32.86 | 4894.29 | 1217.27 | 5.91 | 2.78 | 3.32 |
| 22Q2 (11) | 0.35 | 20.69 | -39.66 | 7.91 | 26.56 | -20.34 | 4.60 | 46.03 | -23.33 | 4.62 | 21.58 | -35.02 | 3.56 | 19.87 | -37.76 | 2.07 | 27.78 | -39.83 | 1.11 | 24.72 | -40.0 | 0.29 | 3.57 | -9.38 | 6.09 | 17.34 | -26.89 | 101.30 | -1.44 | 2.11 | 99.34 | 19.81 | 17.49 | 0.66 | -96.15 | -95.74 | 5.75 | -0.86 | -4.17 |
| 22Q1 (10) | 0.29 | -25.64 | -27.5 | 6.25 | -7.13 | -36.74 | 3.15 | -0.63 | -42.83 | 3.80 | -9.74 | -39.0 | 2.97 | -16.34 | -40.12 | 1.62 | -25.35 | -33.33 | 0.89 | -24.58 | -38.62 | 0.28 | -9.68 | 0.0 | 5.19 | -6.15 | -33.2 | 102.78 | 7.85 | 27.65 | 82.92 | 9.95 | -6.34 | 17.08 | -30.51 | 48.93 | 5.80 | 17.65 | -18.65 |
| 21Q4 (9) | 0.39 | -23.53 | 2.63 | 6.73 | -30.69 | -17.02 | 3.17 | -48.54 | -27.95 | 4.21 | -33.39 | -27.29 | 3.55 | -26.04 | -21.29 | 2.17 | -26.44 | -5.65 | 1.18 | -23.38 | -15.11 | 0.31 | 0.0 | 3.33 | 5.53 | -27.14 | -23.72 | 95.30 | -3.96 | 44.0 | 75.42 | -22.48 | -0.79 | 24.58 | 885.62 | 2.49 | 4.93 | -13.81 | -21.37 |
| 21Q3 (8) | 0.51 | -12.07 | 183.33 | 9.71 | -2.22 | 35.43 | 6.16 | 2.67 | 117.67 | 6.32 | -11.11 | 105.19 | 4.80 | -16.08 | 103.39 | 2.95 | -14.24 | 163.39 | 1.54 | -16.76 | 116.9 | 0.31 | -3.13 | 10.71 | 7.59 | -8.88 | 59.12 | 99.23 | 0.02 | 38.15 | 97.28 | 15.05 | 6.12 | 2.49 | -83.85 | -70.07 | 5.72 | -4.67 | -17.7 |
| 21Q2 (7) | 0.58 | 45.0 | 314.29 | 9.93 | 0.51 | 64.68 | 6.00 | 8.89 | 206.12 | 7.11 | 14.13 | 166.29 | 5.72 | 15.32 | 171.09 | 3.44 | 41.56 | 282.22 | 1.85 | 27.59 | 213.56 | 0.32 | 14.29 | 28.0 | 8.33 | 7.21 | 81.48 | 99.21 | 23.21 | 42.28 | 84.55 | -4.49 | 15.3 | 15.45 | 34.68 | -42.07 | 6.00 | -15.85 | 0 |
| 21Q1 (6) | 0.40 | 5.26 | 344.44 | 9.88 | 21.82 | 55.59 | 5.51 | 25.23 | 235.98 | 6.23 | 7.6 | 244.2 | 4.96 | 9.98 | 249.3 | 2.43 | 5.65 | 333.93 | 1.45 | 4.32 | 262.5 | 0.28 | -6.67 | 16.67 | 7.77 | 7.17 | 101.3 | 80.52 | 21.67 | 22.74 | 88.53 | 16.47 | -2.36 | 11.47 | -52.18 | 22.9 | 7.13 | 13.72 | -13.26 |
| 20Q4 (5) | 0.38 | 111.11 | 192.31 | 8.11 | 13.11 | 53.02 | 4.40 | 55.48 | 243.75 | 5.79 | 87.99 | 158.48 | 4.51 | 91.1 | 176.69 | 2.30 | 105.36 | 210.81 | 1.39 | 95.77 | 172.55 | 0.30 | 7.14 | 11.11 | 7.25 | 51.99 | 81.25 | 66.18 | -7.87 | 6.66 | 76.01 | -17.08 | 33.33 | 23.99 | 187.85 | -44.2 | 6.27 | -9.78 | 0 |
| 20Q3 (4) | 0.18 | 28.57 | 0.0 | 7.17 | 18.91 | 0.0 | 2.83 | 44.39 | 0.0 | 3.08 | 15.36 | 0.0 | 2.36 | 11.85 | 0.0 | 1.12 | 24.44 | 0.0 | 0.71 | 20.34 | 0.0 | 0.28 | 12.0 | 0.0 | 4.77 | 3.92 | 0.0 | 71.83 | 3.01 | 0.0 | 91.67 | 25.0 | 0.0 | 8.33 | -68.75 | 0.0 | 6.95 | 0 | 0.0 |
| 20Q2 (3) | 0.14 | 55.56 | 0.0 | 6.03 | -5.04 | 0.0 | 1.96 | 19.51 | 0.0 | 2.67 | 47.51 | 0.0 | 2.11 | 48.59 | 0.0 | 0.90 | 60.71 | 0.0 | 0.59 | 47.5 | 0.0 | 0.25 | 4.17 | 0.0 | 4.59 | 18.91 | 0.0 | 69.73 | 6.3 | 0.0 | 73.33 | -19.12 | 0.0 | 26.67 | 185.71 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.09 | -30.77 | 0.0 | 6.35 | 19.81 | 0.0 | 1.64 | 28.12 | 0.0 | 1.81 | -19.2 | 0.0 | 1.42 | -12.88 | 0.0 | 0.56 | -24.32 | 0.0 | 0.40 | -21.57 | 0.0 | 0.24 | -11.11 | 0.0 | 3.86 | -3.5 | 0.0 | 65.60 | 5.72 | 0.0 | 90.67 | 59.04 | 0.0 | 9.33 | -78.29 | 0.0 | 8.22 | 0 | 0.0 |
| 19Q4 (1) | 0.13 | 0.0 | 0.0 | 5.30 | 0.0 | 0.0 | 1.28 | 0.0 | 0.0 | 2.24 | 0.0 | 0.0 | 1.63 | 0.0 | 0.0 | 0.74 | 0.0 | 0.0 | 0.51 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 4.00 | 0.0 | 0.0 | 62.05 | 0.0 | 0.0 | 57.01 | 0.0 | 0.0 | 42.99 | 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) | 1.35 | 42.11 | 8.32 | 35.95 | 4.38 | 54.23 | 1.30 | 19.93 | 5.29 | 63.27 | 4.20 | 67.33 | 7.54 | 43.89 | 4.69 | 47.95 | 1.03 | -8.04 | 7.11 | 47.51 | 68.34 | -14.21 | 82.78 | -5.7 | 17.22 | 40.93 | 0.02 | 2.42 | 7.08 | 20.2 |
| 2022 (9) | 0.95 | -49.47 | 6.12 | -31.92 | 2.84 | -45.17 | 1.09 | 6.24 | 3.24 | -45.36 | 2.51 | -46.93 | 5.24 | -51.93 | 3.17 | -49.36 | 1.12 | -11.81 | 4.82 | -33.52 | 79.66 | -16.41 | 87.78 | 0.61 | 12.22 | -4.17 | 0.02 | 11.3 | 5.89 | 0.34 |
| 2021 (8) | 1.88 | 137.97 | 8.99 | 28.43 | 5.18 | 83.69 | 1.02 | -29.06 | 5.93 | 69.91 | 4.73 | 73.9 | 10.90 | 125.67 | 6.26 | 99.36 | 1.27 | 17.59 | 7.25 | 38.1 | 95.30 | 44.0 | 87.25 | 8.02 | 12.75 | -33.69 | 0.02 | -21.06 | 5.87 | -18.02 |
| 2020 (7) | 0.79 | 113.51 | 7.00 | 23.02 | 2.82 | 187.76 | 1.44 | -7.27 | 3.49 | 97.18 | 2.72 | 95.68 | 4.83 | 123.61 | 3.14 | 100.0 | 1.08 | 12.5 | 5.25 | 38.52 | 66.18 | 6.66 | 80.77 | 44.91 | 19.23 | -56.89 | 0.02 | -5.83 | 7.16 | -11.71 |
| 2019 (6) | 0.37 | -5.13 | 5.69 | 3.83 | 0.98 | -16.24 | 1.55 | 15.04 | 1.77 | 4.73 | 1.39 | 5.3 | 2.16 | -2.7 | 1.57 | -6.55 | 0.96 | -8.57 | 3.79 | 5.87 | 62.05 | -1.82 | 55.74 | -19.34 | 44.59 | 45.86 | 0.02 | 3.39 | 8.11 | 11.4 |
| 2018 (5) | 0.39 | -35.0 | 5.48 | -15.82 | 1.17 | -42.36 | 1.35 | -4.82 | 1.69 | -47.19 | 1.32 | -43.35 | 2.22 | -38.16 | 1.68 | -36.6 | 1.05 | 0.96 | 3.58 | -30.21 | 63.20 | 13.26 | 69.11 | 8.68 | 30.57 | -16.04 | 0.02 | 0 | 7.28 | -7.73 |
| 2017 (4) | 0.60 | -41.18 | 6.51 | -32.54 | 2.03 | -52.68 | 1.42 | -20.4 | 3.20 | -38.1 | 2.33 | -41.9 | 3.59 | -38.95 | 2.65 | -37.5 | 1.04 | 1.96 | 5.13 | -30.86 | 55.80 | 35.34 | 63.59 | -23.39 | 36.41 | 114.21 | 0.00 | 0 | 7.89 | -7.72 |
| 2016 (3) | 1.02 | 0.0 | 9.65 | 47.55 | 4.29 | 333.33 | 1.78 | -6.76 | 5.17 | -0.77 | 4.01 | -3.84 | 5.88 | -4.7 | 4.24 | 0.95 | 1.02 | 7.37 | 7.42 | -3.64 | 41.23 | -9.24 | 83.00 | 336.9 | 17.00 | -79.01 | 0.00 | 0 | 8.55 | -4.47 |
| 2015 (2) | 1.02 | 41.67 | 6.54 | 3.32 | 0.99 | -48.97 | 1.91 | 19.08 | 5.21 | 99.62 | 4.17 | 99.52 | 6.17 | 61.52 | 4.20 | 59.09 | 0.95 | -14.41 | 7.70 | 61.76 | 45.43 | -30.36 | 19.00 | -74.43 | 81.00 | 217.46 | 0.00 | 0 | 8.95 | 25.0 |
| 2014 (1) | 0.72 | 0.0 | 6.33 | 0 | 1.94 | 0 | 1.61 | 8.39 | 2.61 | 0 | 2.09 | 0 | 3.82 | 0 | 2.64 | 0 | 1.11 | 1.83 | 4.76 | 2.59 | 65.24 | 4.25 | 74.30 | -0.44 | 25.52 | 0.55 | 0.00 | 0 | 7.16 | 7.99 |
