- 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) | 0.66 | 15.79 | -2.94 | 25.32 | -4.02 | -4.78 | 3.21 | -5.31 | 12.24 | 4.08 | -12.26 | -13.92 | 3.86 | 5.46 | -10.85 | 3.20 | 12.68 | -5.6 | 1.52 | 10.14 | -2.56 | 0.37 | 2.78 | 8.82 | 6.01 | -11.36 | -11.23 | 126.42 | 8.46 | -7.05 | 78.57 | 6.74 | 29.21 | 21.43 | -22.86 | -45.32 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.57 | -33.72 | 54.05 | 26.38 | 3.09 | -2.76 | 3.39 | -48.64 | 6.94 | 4.65 | -41.44 | 49.04 | 3.66 | -39.3 | 42.97 | 2.84 | -31.23 | 59.55 | 1.38 | -28.13 | 46.81 | 0.36 | 16.13 | 5.88 | 6.78 | -34.11 | 27.68 | 116.56 | -1.93 | -1.73 | 73.61 | -11.19 | -26.39 | 27.78 | 62.28 | 1350.0 | 29.45 | 18.32 | -5.76 |
| 24Q1 (18) | 0.86 | -2.27 | 2.38 | 25.59 | 4.83 | -4.37 | 6.60 | 52.42 | -19.9 | 7.94 | 64.05 | -7.46 | 6.03 | 46.0 | -10.53 | 4.13 | -3.05 | 3.25 | 1.92 | 0.52 | -4.95 | 0.31 | -29.55 | 6.9 | 10.29 | 61.79 | -7.71 | 118.85 | -7.79 | 24.45 | 82.88 | -7.31 | -13.9 | 17.12 | 61.83 | 357.88 | 24.89 | 6.92 | -3.6 |
| 23Q4 (17) | 0.88 | 29.41 | -9.28 | 24.41 | -8.2 | -3.56 | 4.33 | 51.4 | -31.6 | 4.84 | 2.11 | -19.2 | 4.13 | -4.62 | -14.32 | 4.26 | 25.66 | -9.94 | 1.91 | 22.44 | -15.49 | 0.44 | 29.41 | -4.35 | 6.36 | -6.06 | -16.21 | 128.89 | -5.23 | 11.28 | 89.42 | 47.05 | -14.9 | 10.58 | -73.01 | 278.3 | 23.28 | -23.35 | -3.16 |
| 23Q3 (16) | 0.68 | 83.78 | 17.24 | 26.59 | -1.99 | 1.6 | 2.86 | -9.78 | -23.73 | 4.74 | 51.92 | 4.64 | 4.33 | 69.14 | 14.85 | 3.39 | 90.45 | 15.31 | 1.56 | 65.96 | 9.09 | 0.34 | 0.0 | -8.11 | 6.77 | 27.5 | 3.2 | 136.01 | 14.67 | 20.66 | 60.81 | -39.19 | -26.16 | 39.19 | 1863.51 | 122.07 | 30.37 | -2.82 | 0.36 |
| 23Q2 (15) | 0.37 | -55.95 | 37.04 | 27.13 | 1.38 | 4.15 | 3.17 | -61.53 | 81.14 | 3.12 | -63.64 | 23.32 | 2.56 | -62.02 | 24.88 | 1.78 | -55.5 | 33.83 | 0.94 | -53.47 | 32.39 | 0.34 | 17.24 | 3.03 | 5.31 | -52.38 | 9.48 | 118.61 | 24.2 | 8.96 | 100.00 | 3.88 | 45.45 | -2.22 | -159.44 | -107.11 | 31.25 | 21.03 | -5.04 |
| 23Q1 (14) | 0.84 | -13.4 | 21.74 | 26.76 | 5.73 | 9.27 | 8.24 | 30.17 | 62.2 | 8.58 | 43.24 | 19.83 | 6.74 | 39.83 | 20.79 | 4.00 | -15.43 | 18.69 | 2.02 | -10.62 | 18.13 | 0.29 | -36.96 | -3.33 | 11.15 | 46.9 | 17.0 | 95.50 | -17.55 | 12.19 | 96.26 | -8.4 | 35.08 | 3.74 | 163.02 | -86.99 | 25.82 | 7.4 | -1.71 |
| 22Q4 (13) | 0.97 | 67.24 | 14.12 | 25.31 | -3.29 | 13.04 | 6.33 | 68.8 | 19.43 | 5.99 | 32.23 | 14.1 | 4.82 | 27.85 | 10.8 | 4.73 | 60.88 | 7.01 | 2.26 | 58.04 | 10.24 | 0.46 | 24.32 | 0.0 | 7.59 | 15.7 | 13.11 | 115.83 | 2.76 | 1.23 | 105.08 | 27.6 | 4.06 | -5.93 | -133.62 | -505.08 | 24.04 | -20.56 | 12.97 |
| 22Q3 (12) | 0.58 | 114.81 | 20.83 | 26.17 | 0.46 | 1.55 | 3.75 | 114.29 | -2.85 | 4.53 | 79.05 | 7.09 | 3.77 | 83.9 | 14.24 | 2.94 | 121.05 | 17.13 | 1.43 | 101.41 | 15.32 | 0.37 | 12.12 | 0.0 | 6.56 | 35.26 | 5.47 | 112.72 | 3.55 | -8.68 | 82.35 | 19.79 | -10.42 | 17.65 | -43.53 | 118.82 | 30.26 | -8.05 | 1.65 |
| 22Q2 (11) | 0.27 | -60.87 | -32.5 | 26.05 | 6.37 | 0.85 | 1.75 | -65.55 | -48.22 | 2.53 | -64.66 | -36.75 | 2.05 | -63.26 | -33.44 | 1.33 | -60.53 | -33.83 | 0.71 | -58.48 | -35.45 | 0.33 | 10.0 | -5.71 | 4.85 | -49.11 | -22.65 | 108.86 | 27.89 | 19.09 | 68.75 | -3.53 | -18.46 | 31.25 | 8.75 | 99.22 | 32.91 | 25.28 | 6.3 |
| 22Q1 (10) | 0.69 | -18.82 | 60.47 | 24.49 | 9.38 | 2.9 | 5.08 | -4.15 | 15.72 | 7.16 | 36.38 | 49.17 | 5.58 | 28.28 | 55.43 | 3.37 | -23.76 | 52.49 | 1.71 | -16.59 | 55.45 | 0.30 | -34.78 | 0.0 | 9.53 | 42.03 | 31.99 | 85.12 | -25.61 | 1.51 | 71.26 | -29.43 | -21.88 | 28.74 | 3031.03 | 227.59 | 26.27 | 23.45 | -0.49 |
| 21Q4 (9) | 0.85 | 77.08 | 16.44 | 22.39 | -13.12 | 4.14 | 5.30 | 37.31 | 10.42 | 5.25 | 24.11 | 11.7 | 4.35 | 31.82 | 11.83 | 4.42 | 76.1 | 9.41 | 2.05 | 65.32 | 13.26 | 0.46 | 24.32 | 0.0 | 6.71 | 7.88 | 4.03 | 114.42 | -7.31 | -9.49 | 100.98 | 9.84 | -1.19 | -0.98 | -112.16 | 55.39 | 21.28 | -28.52 | 5.4 |
| 21Q3 (8) | 0.48 | 20.0 | 41.18 | 25.77 | -0.23 | 15.1 | 3.86 | 14.2 | 110.93 | 4.23 | 5.75 | 52.16 | 3.30 | 7.14 | 52.07 | 2.51 | 24.88 | 42.61 | 1.24 | 12.73 | 47.62 | 0.37 | 5.71 | 0.0 | 6.22 | -0.8 | 19.16 | 123.44 | 35.04 | -4.06 | 91.94 | 9.04 | 39.61 | 8.06 | -48.59 | -76.38 | 29.77 | -3.84 | 7.01 |
| 21Q2 (7) | 0.40 | -6.98 | 5.26 | 25.83 | 8.53 | 8.21 | 3.38 | -23.01 | 177.05 | 4.00 | -16.67 | 12.99 | 3.08 | -14.21 | 8.83 | 2.01 | -9.05 | -1.47 | 1.10 | 0.0 | 4.76 | 0.35 | 16.67 | 0.0 | 6.27 | -13.16 | 0.16 | 91.41 | 9.02 | -20.17 | 84.31 | -7.58 | 142.4 | 15.69 | 78.82 | -75.95 | 30.96 | 17.27 | 0 |
| 21Q1 (6) | 0.43 | -41.1 | 72.0 | 23.80 | 10.7 | -2.02 | 4.39 | -8.54 | 66.29 | 4.80 | 2.13 | 45.02 | 3.59 | -7.71 | 65.44 | 2.21 | -45.3 | 78.23 | 1.10 | -39.23 | 77.42 | 0.30 | -34.78 | 15.38 | 7.22 | 11.94 | 5.25 | 83.85 | -33.67 | -12.33 | 91.23 | -10.73 | 14.88 | 8.77 | 499.12 | -57.39 | 26.40 | 30.76 | 0 |
| 20Q4 (5) | 0.73 | 114.71 | 69.77 | 21.50 | -3.97 | 9.3 | 4.80 | 162.3 | 152.63 | 4.70 | 69.06 | 88.0 | 3.89 | 79.26 | 82.63 | 4.04 | 129.55 | 66.26 | 1.81 | 115.48 | 61.61 | 0.46 | 24.32 | -4.17 | 6.45 | 23.56 | 42.38 | 126.41 | -1.75 | -8.35 | 102.20 | 55.19 | 33.64 | -2.20 | -106.44 | -109.34 | 20.19 | -27.43 | 1.25 |
| 20Q3 (4) | 0.34 | -10.53 | 0.0 | 22.39 | -6.2 | 0.0 | 1.83 | 50.0 | 0.0 | 2.78 | -21.47 | 0.0 | 2.17 | -23.32 | 0.0 | 1.76 | -13.73 | 0.0 | 0.84 | -20.0 | 0.0 | 0.37 | 5.71 | 0.0 | 5.22 | -16.61 | 0.0 | 128.66 | 12.36 | 0.0 | 65.85 | 89.33 | 0.0 | 34.15 | -47.64 | 0.0 | 27.82 | 0 | 0.0 |
| 20Q2 (3) | 0.38 | 52.0 | 0.0 | 23.87 | -1.73 | 0.0 | 1.22 | -53.79 | 0.0 | 3.54 | 6.95 | 0.0 | 2.83 | 30.41 | 0.0 | 2.04 | 64.52 | 0.0 | 1.05 | 69.35 | 0.0 | 0.35 | 34.62 | 0.0 | 6.26 | -8.75 | 0.0 | 114.51 | 19.73 | 0.0 | 34.78 | -56.2 | 0.0 | 65.22 | 216.77 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.25 | -41.86 | 0.0 | 24.29 | 23.49 | 0.0 | 2.64 | 38.95 | 0.0 | 3.31 | 32.4 | 0.0 | 2.17 | 1.88 | 0.0 | 1.24 | -48.97 | 0.0 | 0.62 | -44.64 | 0.0 | 0.26 | -45.83 | 0.0 | 6.86 | 51.43 | 0.0 | 95.64 | -30.66 | 0.0 | 79.41 | 3.85 | 0.0 | 20.59 | -12.5 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.43 | 0.0 | 0.0 | 19.67 | 0.0 | 0.0 | 1.90 | 0.0 | 0.0 | 2.50 | 0.0 | 0.0 | 2.13 | 0.0 | 0.0 | 2.43 | 0.0 | 0.0 | 1.12 | 0.0 | 0.0 | 0.48 | 0.0 | 0.0 | 4.53 | 0.0 | 0.0 | 137.93 | 0.0 | 0.0 | 76.47 | 0.0 | 0.0 | 23.53 | 0.0 | 0.0 | 19.94 | 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) | 2.78 | 10.76 | 26.02 | 1.96 | 4.47 | 0.68 | 1.74 | -7.61 | 5.16 | 0.78 | 4.33 | 5.1 | 13.26 | 9.05 | 6.26 | 7.93 | 1.38 | 0.73 | 7.17 | 0.42 | 128.89 | 11.28 | 86.36 | -0.22 | 13.33 | 1.67 | 0.04 | -8.48 | 27.30 | -2.36 |
| 2022 (9) | 2.51 | 16.2 | 25.52 | 5.15 | 4.44 | 2.3 | 1.88 | 1.35 | 5.12 | 10.58 | 4.12 | 12.57 | 12.16 | 9.45 | 5.80 | 12.84 | 1.37 | -0.72 | 7.14 | 8.35 | 115.83 | 1.23 | 86.56 | -7.67 | 13.11 | 109.84 | 0.05 | -36.35 | 27.96 | 5.39 |
| 2021 (8) | 2.16 | 27.06 | 24.27 | 6.59 | 4.34 | 52.82 | 1.86 | -17.75 | 4.63 | 25.14 | 3.66 | 26.21 | 11.11 | 23.44 | 5.14 | 26.91 | 1.38 | 2.99 | 6.59 | 7.15 | 114.42 | -9.49 | 93.75 | 22.51 | 6.25 | -73.38 | 0.07 | -24.01 | 26.53 | 2.83 |
| 2020 (7) | 1.70 | 31.78 | 22.77 | 8.17 | 2.84 | 67.06 | 2.26 | -6.02 | 3.70 | 45.1 | 2.90 | 37.44 | 9.00 | 28.57 | 4.05 | 13.13 | 1.34 | -12.99 | 6.15 | 17.59 | 126.41 | -8.35 | 76.53 | 15.55 | 23.47 | -29.11 | 0.09 | -79.87 | 25.80 | 7.99 |
| 2019 (6) | 1.29 | 104.76 | 21.05 | -10.39 | 1.70 | 120.78 | 2.40 | 23.43 | 2.55 | 48.26 | 2.11 | 66.14 | 7.00 | 104.08 | 3.58 | 88.42 | 1.54 | 13.24 | 5.23 | 36.55 | 137.93 | 53.1 | 66.23 | 44.98 | 33.11 | -40.4 | 0.46 | -26.35 | 23.89 | -15.67 |
| 2018 (5) | 0.63 | -30.77 | 23.49 | 5.34 | 0.77 | -39.84 | 1.95 | 3.87 | 1.72 | -25.54 | 1.27 | -29.83 | 3.43 | -30.99 | 1.90 | -29.63 | 1.36 | -2.86 | 3.83 | -11.95 | 90.09 | -14.64 | 45.68 | -16.88 | 55.56 | 25.85 | 0.63 | 0 | 28.33 | 5.04 |
| 2017 (4) | 0.91 | 37.88 | 22.30 | -8.42 | 1.28 | -3.76 | 1.87 | -10.74 | 2.31 | 29.78 | 1.81 | 13.12 | 4.97 | 38.44 | 2.70 | 31.71 | 1.40 | 17.65 | 4.35 | 7.41 | 105.54 | 21.65 | 54.95 | -27.08 | 44.14 | 69.22 | 0.00 | 0 | 26.97 | -11.66 |
| 2016 (3) | 0.66 | 1.54 | 24.35 | 0.16 | 1.33 | -18.9 | 2.10 | -2.43 | 1.78 | -14.42 | 1.60 | -3.61 | 3.59 | -3.23 | 2.05 | 0.99 | 1.19 | 3.48 | 4.05 | -7.53 | 86.76 | -3.72 | 75.36 | -4.62 | 26.09 | 24.3 | 0.00 | 0 | 30.53 | 1.8 |
| 2015 (2) | 0.65 | -32.99 | 24.31 | 10.5 | 1.64 | -5.75 | 2.15 | 29.35 | 2.08 | -17.13 | 1.66 | -21.7 | 3.71 | -34.45 | 2.03 | -31.19 | 1.15 | -15.44 | 4.38 | 2.34 | 90.11 | -7.86 | 79.01 | 13.15 | 20.99 | -32.37 | 0.00 | 0 | 29.99 | 24.23 |
| 2014 (1) | 0.97 | 2.11 | 22.00 | 0 | 1.74 | 0 | 1.66 | -3.6 | 2.51 | 0 | 2.12 | 0 | 5.66 | 0 | 2.95 | 0 | 1.36 | -8.11 | 4.28 | 2.64 | 97.80 | 2.99 | 69.83 | -15.16 | 31.03 | 75.34 | 0.00 | 0 | 24.14 | 12.07 |
