- 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) | 0.12 | -76.47 | -92.94 | 20.35 | -8.17 | -34.75 | 8.97 | -13.5 | -61.93 | 3.17 | -72.0 | -87.95 | 2.27 | -73.76 | -89.23 | 0.54 | -77.31 | -93.18 | 0.46 | -67.83 | -90.15 | 0.13 | -13.33 | -40.91 | 9.62 | -44.55 | -68.97 | 83.83 | -7.77 | 20.03 | 287.50 | 206.05 | 221.14 | -187.50 | -2162.5 | -1889.77 | 17.53 | -12.0 | 11.16 |
| 24Q2 (19) | 0.51 | -38.55 | -69.64 | 22.16 | -16.6 | -33.45 | 10.37 | -31.78 | -56.43 | 11.32 | -38.81 | -54.86 | 8.65 | -38.43 | -57.07 | 2.38 | -38.66 | -71.93 | 1.43 | -35.87 | -69.7 | 0.15 | 0.0 | -34.78 | 17.35 | -28.16 | -41.27 | 90.89 | 4.2 | 15.95 | 93.94 | 12.73 | -0.31 | 9.09 | -50.91 | 89.09 | 19.92 | -3.49 | 23.27 |
| 24Q1 (18) | 0.83 | 20.29 | -5.68 | 26.57 | -14.51 | -14.59 | 15.20 | -11.73 | -25.12 | 18.50 | 50.65 | -2.37 | 14.05 | 33.3 | -6.58 | 3.88 | 23.57 | -14.91 | 2.23 | 16.15 | -10.44 | 0.15 | -11.76 | -6.25 | 24.15 | 33.06 | -2.74 | 87.23 | 2.1 | -4.58 | 83.33 | -40.48 | -22.32 | 18.52 | 146.3 | 354.63 | 20.64 | -10.61 | 2.23 |
| 23Q4 (17) | 0.69 | -59.41 | -5.48 | 31.08 | -0.35 | 33.62 | 17.22 | -26.91 | 28.6 | 12.28 | -53.33 | 14.23 | 10.54 | -49.98 | 11.06 | 3.14 | -60.35 | -11.05 | 1.92 | -58.89 | -2.54 | 0.17 | -22.73 | -15.0 | 18.15 | -41.45 | 17.17 | 85.44 | 22.34 | -7.75 | 140.00 | 56.38 | 14.29 | -40.00 | -481.82 | -60.0 | 23.09 | 46.42 | 29.65 |
| 23Q3 (16) | 1.70 | 1.19 | 14.86 | 31.19 | -6.34 | 1.2 | 23.56 | -1.01 | 9.79 | 26.31 | 4.9 | 0.69 | 21.07 | 4.57 | 0.86 | 7.92 | -6.6 | 3.53 | 4.67 | -1.06 | 15.59 | 0.22 | -4.35 | 15.79 | 31.00 | 4.94 | -0.23 | 69.84 | -10.91 | -20.62 | 89.52 | -5.0 | 8.37 | 10.48 | 117.9 | -43.31 | 15.77 | -2.41 | -9.63 |
| 23Q2 (15) | 1.68 | 90.91 | -8.2 | 33.30 | 7.04 | 6.12 | 23.80 | 17.24 | 0.63 | 25.08 | 32.35 | 1.95 | 20.15 | 33.98 | -1.23 | 8.48 | 85.96 | -16.45 | 4.72 | 89.56 | 3.06 | 0.23 | 43.75 | 4.55 | 29.54 | 18.97 | 1.51 | 78.39 | -14.25 | -24.39 | 94.23 | -12.16 | -1.88 | 4.81 | 166.11 | 21.39 | 16.16 | -19.96 | 10.91 |
| 23Q1 (14) | 0.88 | 20.55 | -3.3 | 31.11 | 33.75 | 31.16 | 20.30 | 51.61 | 42.66 | 18.95 | 76.28 | 17.41 | 15.04 | 58.48 | 17.04 | 4.56 | 29.18 | -17.09 | 2.49 | 26.4 | 10.67 | 0.16 | -20.0 | -5.88 | 24.83 | 60.3 | 13.17 | 91.42 | -1.3 | -42.68 | 107.27 | -12.43 | 23.96 | -7.27 | 70.91 | -163.03 | 20.19 | 13.36 | 11.12 |
| 22Q4 (13) | 0.73 | -50.68 | 25.86 | 23.26 | -24.53 | 29.87 | 13.39 | -37.6 | 35.53 | 10.75 | -58.86 | 34.21 | 9.49 | -54.57 | 49.45 | 3.53 | -53.86 | 6.01 | 1.97 | -51.24 | 35.86 | 0.20 | 5.26 | -4.76 | 15.49 | -50.14 | 26.76 | 92.62 | 5.27 | -40.73 | 122.50 | 48.29 | 1.06 | -25.00 | -235.29 | -3.12 | 17.81 | 2.06 | 24.11 |
| 22Q3 (12) | 1.48 | -19.13 | 39.62 | 30.82 | -1.78 | 23.23 | 21.46 | -9.26 | 31.74 | 26.13 | 6.22 | 73.05 | 20.89 | 2.4 | 73.65 | 7.65 | -24.63 | 22.6 | 4.04 | -11.79 | 53.03 | 0.19 | -13.64 | -9.52 | 31.07 | 6.77 | 60.15 | 87.98 | -15.13 | -40.71 | 82.61 | -13.98 | -23.75 | 18.48 | 366.58 | 321.74 | 17.45 | 19.77 | 24.55 |
| 22Q2 (11) | 1.83 | 101.1 | 112.79 | 31.38 | 32.29 | 24.97 | 23.65 | 66.2 | 48.74 | 24.60 | 52.42 | 71.67 | 20.40 | 58.75 | 76.32 | 10.15 | 84.55 | 89.01 | 4.58 | 103.56 | 102.65 | 0.22 | 29.41 | 22.22 | 29.10 | 32.63 | 52.36 | 103.67 | -34.99 | -30.32 | 96.04 | 10.98 | -13.02 | 3.96 | -65.68 | 138.02 | 14.57 | -19.81 | -11.7 |
| 22Q1 (10) | 0.91 | 56.9 | 12.35 | 23.72 | 32.44 | -6.21 | 14.23 | 44.03 | -3.85 | 16.14 | 101.5 | 6.61 | 12.85 | 102.36 | 5.67 | 5.50 | 65.17 | 9.56 | 2.25 | 55.17 | 0.45 | 0.17 | -19.05 | 0.0 | 21.94 | 79.54 | 6.5 | 159.48 | 2.05 | 3.67 | 86.54 | -28.61 | -11.54 | 11.54 | 147.6 | 430.77 | 18.17 | 26.62 | 3.77 |
| 21Q4 (9) | 0.58 | -45.28 | -15.94 | 17.91 | -28.39 | -19.0 | 9.88 | -39.35 | -27.99 | 8.01 | -46.95 | -32.8 | 6.35 | -47.22 | -38.41 | 3.33 | -46.63 | -19.95 | 1.45 | -45.08 | -28.22 | 0.21 | 0.0 | 16.67 | 12.22 | -37.01 | -29.49 | 156.28 | 5.31 | 29.16 | 121.21 | 11.89 | 6.43 | -24.24 | -190.91 | -74.55 | 14.35 | 2.43 | 2.72 |
| 21Q3 (8) | 1.06 | 23.26 | 76.67 | 25.01 | -0.4 | -1.11 | 16.29 | 2.45 | 21.03 | 15.10 | 5.37 | 21.58 | 12.03 | 3.98 | 20.3 | 6.24 | 16.2 | 66.4 | 2.64 | 16.81 | 41.94 | 0.21 | 16.67 | 23.53 | 19.40 | 1.57 | 6.13 | 148.40 | -0.25 | 27.79 | 108.33 | -1.89 | -0.69 | -8.33 | 20.0 | 8.33 | 14.01 | -15.09 | -24.31 |
| 21Q2 (7) | 0.86 | 6.17 | 109.76 | 25.11 | -0.71 | 5.11 | 15.90 | 7.43 | 35.2 | 14.33 | -5.35 | 47.43 | 11.57 | -4.85 | 47.01 | 5.37 | 6.97 | 102.64 | 2.26 | 0.89 | 72.52 | 0.18 | 5.88 | 20.0 | 19.10 | -7.28 | 14.1 | 148.77 | -3.3 | 29.64 | 110.42 | 12.87 | -5.94 | -10.42 | -579.17 | 52.08 | 16.50 | -5.77 | 0 |
| 21Q1 (6) | 0.81 | 17.39 | 19.12 | 25.29 | 14.38 | -7.23 | 14.80 | 7.87 | -0.74 | 15.14 | 27.01 | 3.63 | 12.16 | 17.94 | 3.58 | 5.02 | 20.67 | 19.24 | 2.24 | 10.89 | 10.89 | 0.17 | -5.56 | 6.25 | 20.60 | 18.87 | -0.82 | 153.84 | 27.14 | 17.03 | 97.83 | -14.1 | -4.68 | 2.17 | 115.65 | 182.61 | 17.51 | 25.34 | 0 |
| 20Q4 (5) | 0.69 | 15.0 | -4.17 | 22.11 | -12.57 | -19.45 | 13.72 | 1.93 | -13.22 | 11.92 | -4.03 | -8.45 | 10.31 | 3.1 | -8.68 | 4.16 | 10.93 | -3.7 | 2.02 | 8.6 | -5.16 | 0.18 | 5.88 | 0.0 | 17.33 | -5.2 | -7.57 | 121.00 | 4.19 | 5.38 | 113.89 | 4.4 | -6.36 | -13.89 | -52.78 | 35.76 | 13.97 | -24.53 | -18.3 |
| 20Q3 (4) | 0.60 | 46.34 | 0.0 | 25.29 | 5.86 | 0.0 | 13.46 | 14.46 | 0.0 | 12.42 | 27.78 | 0.0 | 10.00 | 27.06 | 0.0 | 3.75 | 41.51 | 0.0 | 1.86 | 41.98 | 0.0 | 0.17 | 13.33 | 0.0 | 18.28 | 9.2 | 0.0 | 116.13 | 1.19 | 0.0 | 109.09 | -7.07 | 0.0 | -9.09 | 58.18 | 0.0 | 18.51 | 0 | 0.0 |
| 20Q2 (3) | 0.41 | -39.71 | 0.0 | 23.89 | -12.36 | 0.0 | 11.76 | -21.13 | 0.0 | 9.72 | -33.47 | 0.0 | 7.87 | -32.96 | 0.0 | 2.65 | -37.05 | 0.0 | 1.31 | -35.15 | 0.0 | 0.15 | -6.25 | 0.0 | 16.74 | -19.4 | 0.0 | 114.76 | -12.7 | 0.0 | 117.39 | 14.38 | 0.0 | -21.74 | -726.09 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.68 | -5.56 | 0.0 | 27.26 | -0.69 | 0.0 | 14.91 | -5.69 | 0.0 | 14.61 | 12.21 | 0.0 | 11.74 | 3.99 | 0.0 | 4.21 | -2.55 | 0.0 | 2.02 | -5.16 | 0.0 | 0.16 | -11.11 | 0.0 | 20.77 | 10.77 | 0.0 | 131.45 | 14.48 | 0.0 | 102.63 | -15.61 | 0.0 | -2.63 | 87.83 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.72 | 0.0 | 0.0 | 27.45 | 0.0 | 0.0 | 15.81 | 0.0 | 0.0 | 13.02 | 0.0 | 0.0 | 11.29 | 0.0 | 0.0 | 4.32 | 0.0 | 0.0 | 2.13 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 18.75 | 0.0 | 0.0 | 114.82 | 0.0 | 0.0 | 121.62 | 0.0 | 0.0 | -21.62 | 0.0 | 0.0 | 17.10 | 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) | 4.95 | 0.81 | 31.76 | 15.49 | 21.52 | 16.7 | 3.99 | -0.28 | 21.27 | 8.58 | 17.18 | 6.77 | 23.97 | -10.59 | 13.20 | 4.51 | 0.74 | -1.33 | 26.38 | 7.45 | 85.44 | -7.75 | 100.99 | 7.42 | -1.32 | 0 | 1.55 | -17.02 | 18.45 | 9.24 |
| 2022 (9) | 4.91 | 48.34 | 27.50 | 19.15 | 18.44 | 31.06 | 4.00 | 10.92 | 19.59 | 51.63 | 16.09 | 55.61 | 26.81 | 37.21 | 12.63 | 45.34 | 0.75 | -5.06 | 24.55 | 40.45 | 92.62 | -40.73 | 94.01 | -13.86 | 5.99 | 0 | 1.87 | 8.55 | 16.89 | 9.53 |
| 2021 (8) | 3.31 | 39.66 | 23.08 | -6.06 | 14.07 | 4.15 | 3.61 | -26.35 | 12.92 | 5.73 | 10.34 | 2.89 | 19.54 | 39.57 | 8.69 | 26.31 | 0.79 | 23.44 | 17.48 | -4.32 | 156.28 | 29.16 | 109.14 | -0.78 | -9.14 | 0 | 1.72 | 20.13 | 15.42 | -15.88 |
| 2020 (7) | 2.37 | -29.46 | 24.57 | -17.02 | 13.51 | -25.07 | 4.90 | 7.34 | 12.22 | -27.56 | 10.05 | -25.78 | 14.00 | -30.1 | 6.88 | -30.15 | 0.64 | -7.25 | 18.27 | -19.27 | 121.00 | 5.38 | 110.00 | 2.92 | -10.77 | 0 | 1.43 | 12.58 | 18.33 | -3.37 |
| 2019 (6) | 3.36 | -8.45 | 29.61 | -5.13 | 18.03 | -7.59 | 4.56 | 12.9 | 16.87 | -11.77 | 13.54 | -10.63 | 20.03 | -12.91 | 9.85 | -13.29 | 0.69 | -4.17 | 22.63 | -6.99 | 114.82 | 0.45 | 106.88 | 4.37 | -6.88 | 0 | 1.27 | 1.56 | 18.97 | -4.05 |
| 2018 (5) | 3.67 | 39.54 | 31.21 | 6.16 | 19.51 | 15.51 | 4.04 | -1.89 | 19.12 | 26.12 | 15.15 | 21.1 | 23.00 | 28.21 | 11.36 | 23.48 | 0.72 | 4.35 | 24.33 | 19.38 | 114.31 | 4.15 | 102.40 | -7.84 | -1.92 | 0 | 1.25 | 0 | 19.77 | -2.99 |
| 2017 (4) | 2.63 | 90.58 | 29.40 | 0.58 | 16.89 | 28.44 | 4.12 | -29.35 | 15.16 | 66.96 | 12.51 | 55.79 | 17.94 | 79.58 | 9.20 | 64.87 | 0.69 | 9.52 | 20.38 | 26.9 | 109.75 | 5.23 | 111.11 | -22.99 | -11.11 | 0 | 0.00 | 0 | 20.38 | 4.84 |
| 2016 (3) | 1.38 | -8.0 | 29.23 | 11.86 | 13.15 | 14.25 | 5.83 | -7.45 | 9.08 | -21.32 | 8.03 | -19.46 | 9.99 | -5.75 | 5.58 | -9.85 | 0.63 | 10.53 | 16.06 | -14.98 | 104.30 | 14.4 | 144.29 | 44.29 | -44.29 | 0 | 0.00 | 0 | 19.44 | -5.36 |
| 2015 (2) | 1.50 | -13.79 | 26.13 | -1.99 | 11.51 | -7.4 | 6.30 | 10.69 | 11.54 | -6.48 | 9.97 | -6.56 | 10.60 | -15.87 | 6.19 | -19.61 | 0.57 | -14.93 | 18.89 | -0.89 | 91.17 | 13.38 | 100.00 | 0.0 | 0.00 | 0 | 0.00 | 0 | 20.54 | 20.97 |
| 2014 (1) | 1.74 | 61.11 | 26.66 | 0 | 12.43 | 0 | 5.69 | -21.05 | 12.34 | 0 | 10.67 | 0 | 12.60 | 0 | 7.70 | 0 | 0.67 | 15.52 | 19.06 | 7.93 | 80.41 | 11.23 | 100.00 | 104.0 | -1.15 | 0 | 0.00 | 0 | 16.98 | -14.33 |
