- 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) | 0.77 | 16.67 | 40.0 | 5.01 | 0.8 | 12.33 | 1.91 | 11.7 | 31.72 | 1.99 | 11.17 | 34.46 | 1.54 | 10.79 | 36.28 | 2.68 | 11.2 | 22.37 | 0.99 | 8.79 | 17.86 | 0.53 | 1.92 | -1.85 | 3.20 | 2.56 | 11.89 | 214.37 | -8.72 | -17.08 | 96.21 | 0.62 | -1.86 | 3.81 | -13.1 | 93.99 | 3.45 | -1.15 | -6.25 |
| 24Q2 (19) | 0.66 | 53.49 | 37.5 | 4.97 | 1.22 | 14.25 | 1.71 | 20.42 | 51.33 | 1.79 | 20.13 | 37.69 | 1.39 | 20.87 | 39.0 | 2.41 | 39.31 | 22.96 | 0.91 | 28.17 | 18.18 | 0.52 | 15.56 | -3.7 | 3.12 | 8.33 | 15.56 | 234.85 | 0.61 | -11.19 | 95.62 | 0.14 | 10.0 | 4.38 | -2.87 | -66.49 | 3.49 | -16.51 | -1.41 |
| 24Q1 (18) | 0.43 | 4.88 | 34.37 | 4.91 | 5.82 | 10.09 | 1.42 | 1.43 | 31.48 | 1.49 | 29.57 | 40.57 | 1.15 | 27.78 | 43.75 | 1.73 | 6.13 | 28.15 | 0.71 | 2.9 | 22.41 | 0.45 | -15.09 | -2.17 | 2.88 | 20.5 | 14.74 | 233.42 | 1.95 | -12.36 | 95.49 | -21.49 | -6.33 | 4.51 | 120.84 | 331.83 | 4.18 | 11.17 | -1.88 |
| 23Q4 (17) | 0.41 | -25.45 | 64.0 | 4.64 | 4.04 | 15.71 | 1.40 | -3.45 | 59.09 | 1.15 | -22.3 | 59.72 | 0.90 | -20.35 | 55.17 | 1.63 | -25.57 | 45.54 | 0.69 | -17.86 | 38.0 | 0.53 | -1.85 | 6.0 | 2.39 | -16.43 | 13.81 | 228.96 | -11.43 | -10.54 | 121.63 | 24.07 | 0.22 | -21.63 | -1202.61 | -1.25 | 3.76 | 2.17 | -4.08 |
| 23Q3 (16) | 0.55 | 14.58 | 17.02 | 4.46 | 2.53 | 18.3 | 1.45 | 28.32 | 88.31 | 1.48 | 13.85 | 39.62 | 1.13 | 13.0 | 36.14 | 2.19 | 11.73 | 13.47 | 0.84 | 9.09 | 37.7 | 0.54 | 0.0 | 0.0 | 2.86 | 5.93 | 33.02 | 258.52 | -2.23 | -19.9 | 98.04 | 12.78 | 35.33 | 1.96 | -84.99 | -92.88 | 3.68 | 3.95 | 5.75 |
| 23Q2 (15) | 0.48 | 50.0 | 4.35 | 4.35 | -2.47 | 19.83 | 1.13 | 4.63 | 52.7 | 1.30 | 22.64 | 23.81 | 1.00 | 25.0 | 16.28 | 1.96 | 45.19 | 2.08 | 0.77 | 32.76 | 54.0 | 0.54 | 17.39 | 8.0 | 2.70 | 7.57 | 40.63 | 264.43 | -0.71 | -21.77 | 86.93 | -14.73 | 23.03 | 13.07 | 772.09 | -55.45 | 3.54 | -16.9 | -4.32 |
| 23Q1 (14) | 0.32 | 28.0 | -36.0 | 4.46 | 11.22 | 22.19 | 1.08 | 22.73 | 2.86 | 1.06 | 47.22 | -6.19 | 0.80 | 37.93 | -11.11 | 1.35 | 20.54 | -32.84 | 0.58 | 16.0 | 16.0 | 0.46 | -8.0 | -8.0 | 2.51 | 19.52 | 35.68 | 266.33 | 4.06 | -24.25 | 101.94 | -16.0 | 9.74 | -1.94 | 90.9 | -127.36 | 4.26 | 8.67 | 16.39 |
| 22Q4 (13) | 0.25 | -46.81 | -65.75 | 4.01 | 6.37 | 18.64 | 0.88 | 14.29 | -17.76 | 0.72 | -32.08 | -41.94 | 0.58 | -30.12 | -38.95 | 1.12 | -41.97 | -61.77 | 0.50 | -18.03 | -28.57 | 0.50 | -7.41 | -27.54 | 2.10 | -2.33 | 15.38 | 255.93 | -20.7 | -25.15 | 121.37 | 67.53 | 41.77 | -21.37 | -177.53 | -248.45 | 3.92 | 12.64 | 48.48 |
| 22Q3 (12) | 0.47 | 2.17 | -53.0 | 3.77 | 3.86 | 18.93 | 0.77 | 4.05 | -28.04 | 1.06 | 0.95 | -38.01 | 0.83 | -3.49 | -39.42 | 1.93 | 0.52 | -51.99 | 0.61 | 22.0 | -37.76 | 0.54 | 8.0 | -21.74 | 2.15 | 11.98 | -6.52 | 322.74 | -4.52 | -7.33 | 72.44 | 2.53 | 16.02 | 27.56 | -6.08 | -26.6 | 3.48 | -5.95 | 29.85 |
| 22Q2 (11) | 0.46 | -8.0 | -19.3 | 3.63 | -0.55 | 8.04 | 0.74 | -29.52 | -24.49 | 1.05 | -7.08 | -20.45 | 0.86 | -4.44 | -17.31 | 1.92 | -4.48 | -20.99 | 0.50 | 0.0 | -21.88 | 0.50 | 0.0 | -13.79 | 1.92 | 3.78 | -6.34 | 338.01 | -3.87 | 10.49 | 70.66 | -23.94 | -4.39 | 29.34 | 312.84 | 12.57 | 3.70 | 1.09 | 11.11 |
| 22Q1 (10) | 0.50 | -31.51 | -16.67 | 3.65 | 7.99 | 2.53 | 1.05 | -1.87 | -13.22 | 1.13 | -8.87 | -16.91 | 0.90 | -5.26 | -16.67 | 2.01 | -31.4 | -21.48 | 0.50 | -28.57 | -26.47 | 0.50 | -27.54 | -15.25 | 1.85 | 1.65 | -11.06 | 351.60 | 2.83 | 16.95 | 92.89 | 8.51 | 4.07 | 7.11 | -50.61 | -33.81 | 3.66 | 38.64 | 10.57 |
| 21Q4 (9) | 0.73 | -27.0 | -30.48 | 3.38 | 6.62 | -7.9 | 1.07 | 0.0 | -30.52 | 1.24 | -27.49 | -30.73 | 0.95 | -30.66 | -35.37 | 2.93 | -27.11 | -31.86 | 0.70 | -28.57 | -38.05 | 0.69 | 0.0 | -6.76 | 1.82 | -20.87 | -22.55 | 341.91 | -1.82 | 13.01 | 85.61 | 37.11 | -0.72 | 14.39 | -61.67 | 4.52 | 2.64 | -1.49 | -10.51 |
| 21Q3 (8) | 1.00 | 75.44 | 100.0 | 3.17 | -5.65 | -5.09 | 1.07 | 9.18 | -5.31 | 1.71 | 29.55 | 43.7 | 1.37 | 31.73 | 44.21 | 4.02 | 65.43 | 74.03 | 0.98 | 53.12 | 48.48 | 0.69 | 18.97 | 7.81 | 2.30 | 12.2 | 21.05 | 348.25 | 13.84 | 20.8 | 62.44 | -15.51 | -34.29 | 37.54 | 44.03 | 653.68 | 2.68 | -19.52 | -26.78 |
| 21Q2 (7) | 0.57 | -5.0 | 23.91 | 3.36 | -5.62 | 7.01 | 0.98 | -19.01 | 8.89 | 1.32 | -2.94 | 22.22 | 1.04 | -3.7 | 25.3 | 2.43 | -5.08 | 22.11 | 0.64 | -5.88 | 3.23 | 0.58 | -1.69 | -15.94 | 2.05 | -1.44 | 19.88 | 305.91 | 1.75 | 13.23 | 73.91 | -17.2 | -11.73 | 26.07 | 142.73 | 59.82 | 3.33 | 0.6 | 0 |
| 21Q1 (6) | 0.60 | -42.86 | 328.57 | 3.56 | -3.0 | 8.87 | 1.21 | -21.43 | 142.0 | 1.36 | -24.02 | 126.67 | 1.08 | -26.53 | 157.14 | 2.56 | -40.47 | 271.01 | 0.68 | -39.82 | 134.48 | 0.59 | -20.27 | 20.41 | 2.08 | -11.49 | 26.06 | 300.64 | -0.63 | 33.58 | 89.26 | 3.51 | 7.29 | 10.74 | -22.01 | -36.1 | 3.31 | 12.2 | -25.78 |
| 20Q4 (5) | 1.05 | 110.0 | 128.26 | 3.67 | 9.88 | 3.09 | 1.54 | 36.28 | 33.91 | 1.79 | 50.42 | 73.79 | 1.47 | 54.74 | 81.48 | 4.30 | 86.15 | 127.51 | 1.13 | 71.21 | 71.21 | 0.74 | 15.62 | 10.45 | 2.35 | 23.68 | 25.0 | 302.56 | 4.95 | 29.61 | 86.23 | -9.25 | -22.66 | 13.77 | 176.42 | 220.23 | 2.95 | -19.4 | 0 |
| 20Q3 (4) | 0.50 | 8.7 | 0.0 | 3.34 | 6.37 | 0.0 | 1.13 | 25.56 | 0.0 | 1.19 | 10.19 | 0.0 | 0.95 | 14.46 | 0.0 | 2.31 | 16.08 | 0.0 | 0.66 | 6.45 | 0.0 | 0.64 | -7.25 | 0.0 | 1.90 | 11.11 | 0.0 | 288.28 | 6.7 | 0.0 | 95.02 | 13.49 | 0.0 | 4.98 | -69.46 | 0.0 | 3.66 | 0 | 0.0 |
| 20Q2 (3) | 0.46 | 228.57 | 0.0 | 3.14 | -3.98 | 0.0 | 0.90 | 80.0 | 0.0 | 1.08 | 80.0 | 0.0 | 0.83 | 97.62 | 0.0 | 1.99 | 188.41 | 0.0 | 0.62 | 113.79 | 0.0 | 0.69 | 40.82 | 0.0 | 1.71 | 3.64 | 0.0 | 270.17 | 20.04 | 0.0 | 83.73 | 0.64 | 0.0 | 16.31 | -2.95 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.14 | -69.57 | 0.0 | 3.27 | -8.15 | 0.0 | 0.50 | -56.52 | 0.0 | 0.60 | -41.75 | 0.0 | 0.42 | -48.15 | 0.0 | 0.69 | -63.49 | 0.0 | 0.29 | -56.06 | 0.0 | 0.49 | -26.87 | 0.0 | 1.65 | -12.23 | 0.0 | 225.06 | -3.59 | 0.0 | 83.20 | -25.38 | 0.0 | 16.80 | 246.73 | 0.0 | 4.46 | 0 | 0.0 |
| 19Q4 (1) | 0.46 | 0.0 | 0.0 | 3.56 | 0.0 | 0.0 | 1.15 | 0.0 | 0.0 | 1.03 | 0.0 | 0.0 | 0.81 | 0.0 | 0.0 | 1.89 | 0.0 | 0.0 | 0.66 | 0.0 | 0.0 | 0.67 | 0.0 | 0.0 | 1.88 | 0.0 | 0.0 | 233.44 | 0.0 | 0.0 | 111.49 | 0.0 | 0.0 | -11.45 | 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) | 1.76 | 5.39 | 4.48 | 19.15 | 1.27 | 47.67 | 0.77 | 18.11 | 1.26 | 26.0 | 0.96 | 20.0 | 7.02 | 2.33 | 2.96 | 31.56 | 2.13 | -1.84 | 2.62 | 31.0 | 228.96 | -10.54 | 101.33 | 17.87 | -1.32 | 0 | 0.33 | -11.85 | 3.79 | 2.99 |
| 2022 (9) | 1.67 | -42.41 | 3.76 | 11.9 | 0.86 | -20.37 | 0.65 | 27.01 | 1.00 | -29.08 | 0.80 | -27.93 | 6.86 | -40.71 | 2.25 | -22.41 | 2.17 | -11.79 | 2.00 | -2.91 | 255.93 | -25.15 | 85.97 | 12.49 | 14.03 | -40.48 | 0.38 | 31.67 | 3.68 | 25.17 |
| 2021 (8) | 2.90 | 34.88 | 3.36 | -0.59 | 1.08 | -1.82 | 0.51 | -6.01 | 1.41 | 12.8 | 1.11 | 12.12 | 11.57 | 28.27 | 2.90 | 8.61 | 2.46 | -0.4 | 2.06 | 5.64 | 341.91 | 13.01 | 76.42 | -12.74 | 23.58 | 89.84 | 0.29 | -10.58 | 2.94 | -15.27 |
| 2020 (7) | 2.15 | 34.37 | 3.38 | -2.31 | 1.10 | 1.85 | 0.54 | -10.57 | 1.25 | 22.55 | 0.99 | 22.22 | 9.02 | 30.16 | 2.67 | 3.49 | 2.47 | -1.59 | 1.95 | 0.0 | 302.56 | 29.61 | 87.58 | -17.2 | 12.42 | 0 | 0.32 | -20.53 | 3.47 | -6.72 |
| 2019 (6) | 1.60 | -21.95 | 3.46 | 9.49 | 1.08 | 12.5 | 0.61 | 28.29 | 1.02 | -16.39 | 0.81 | -18.18 | 6.93 | -19.88 | 2.58 | -15.96 | 2.51 | -1.18 | 1.95 | -2.5 | 233.44 | -7.84 | 105.78 | 34.65 | -5.78 | 0 | 0.41 | 7.03 | 3.72 | 2.2 |
| 2018 (5) | 2.05 | 55.3 | 3.16 | -12.22 | 0.96 | -7.69 | 0.47 | -12.19 | 1.22 | 34.07 | 0.99 | 43.48 | 8.65 | 55.3 | 3.07 | 50.49 | 2.54 | 1.6 | 2.00 | 21.95 | 253.29 | 8.05 | 78.56 | -30.78 | 21.44 | 0 | 0.38 | 7.22 | 3.64 | 3.41 |
| 2017 (4) | 1.32 | -29.79 | 3.60 | -15.89 | 1.04 | -27.78 | 0.54 | -20.29 | 0.91 | -40.91 | 0.69 | -41.03 | 5.57 | -31.06 | 2.04 | -29.41 | 2.50 | 10.13 | 1.64 | -31.67 | 234.43 | 12.14 | 113.48 | 21.17 | -13.48 | 0 | 0.35 | 0 | 3.52 | -12.22 |
| 2016 (3) | 1.88 | -6.47 | 4.28 | 8.63 | 1.44 | 7.46 | 0.68 | 7.4 | 1.54 | 10.79 | 1.17 | 10.38 | 8.08 | -3.23 | 2.89 | 4.71 | 2.27 | -5.42 | 2.40 | 9.09 | 209.05 | 4.94 | 93.66 | -2.37 | 6.35 | 55.97 | 0.00 | 0 | 4.01 | 1.78 |
| 2015 (2) | 2.01 | 23.31 | 3.94 | 2.87 | 1.34 | -2.9 | 0.63 | 0.09 | 1.39 | 20.87 | 1.06 | 19.1 | 8.35 | 14.07 | 2.76 | 17.45 | 2.40 | 1.27 | 2.20 | 11.11 | 199.21 | -22.36 | 95.93 | -20.01 | 4.07 | 0 | 0.00 | 0 | 3.94 | 5.63 |
| 2014 (1) | 1.63 | 185.96 | 3.83 | 0 | 1.38 | 0 | 0.63 | -11.7 | 1.15 | 0 | 0.89 | 0 | 7.32 | 0 | 2.35 | 0 | 2.37 | 10.75 | 1.98 | 32.0 | 256.57 | 8.61 | 119.92 | -43.38 | -19.92 | 0 | 0.00 | 0 | 3.73 | 11.34 |
