- 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) | 2.09 | 64.57 | 16.76 | 56.11 | 4.84 | 0.38 | 21.25 | 43.1 | 2.51 | 21.71 | 38.9 | 7.85 | 17.36 | 41.6 | 10.86 | 4.70 | 56.67 | 12.98 | 2.93 | 62.78 | 14.01 | 0.17 | 21.43 | 6.25 | 29.96 | 18.05 | 2.92 | 54.47 | -21.63 | -6.02 | 97.96 | 4.71 | -4.27 | 2.04 | -68.37 | 187.76 | 31.54 | 1.84 | 3.34 |
| 24Q2 (19) | 1.27 | -15.89 | 36.56 | 53.52 | -2.23 | 2.41 | 14.85 | -17.09 | 29.47 | 15.63 | -16.82 | 23.56 | 12.26 | -17.72 | 20.43 | 3.00 | -13.04 | 29.87 | 1.80 | -15.49 | 28.57 | 0.14 | 0.0 | 7.69 | 25.38 | -11.88 | 6.37 | 69.50 | 1.24 | -0.11 | 93.55 | -0.95 | 2.9 | 6.45 | 16.13 | -29.03 | 30.97 | -2.49 | -8.64 |
| 24Q1 (18) | 1.51 | -15.64 | 57.29 | 54.74 | 5.45 | 10.43 | 17.91 | 1.19 | 43.86 | 18.79 | 4.51 | 38.16 | 14.90 | -8.87 | 37.07 | 3.45 | -14.81 | 48.71 | 2.13 | -17.12 | 47.92 | 0.14 | -12.5 | 7.69 | 28.80 | 4.58 | 15.2 | 68.65 | 14.63 | 2.19 | 94.44 | -5.56 | 3.44 | 5.56 | 105.56 | -36.11 | 31.76 | 14.86 | -2.01 |
| 23Q4 (17) | 1.79 | 0.0 | 70.48 | 51.91 | -7.14 | 5.34 | 17.70 | -14.62 | 40.03 | 17.98 | -10.68 | 40.58 | 16.35 | 4.41 | 57.21 | 4.05 | -2.64 | 62.65 | 2.57 | 0.0 | 63.69 | 0.16 | 0.0 | 6.67 | 27.54 | -5.39 | 22.95 | 59.89 | 3.33 | -3.57 | 100.00 | -2.27 | 4.17 | 2.70 | 216.22 | 0 | 27.65 | -9.4 | -8.29 |
| 23Q3 (16) | 1.79 | 92.47 | 6.55 | 55.90 | 6.97 | 3.75 | 20.73 | 80.73 | 6.8 | 20.13 | 59.13 | 0.05 | 15.66 | 53.83 | -2.73 | 4.16 | 80.09 | 0.73 | 2.57 | 83.57 | 3.21 | 0.16 | 23.08 | 6.67 | 29.11 | 22.0 | -1.82 | 57.96 | -16.7 | -6.09 | 102.33 | 12.56 | 4.95 | -2.33 | -125.58 | -193.02 | 30.52 | -9.97 | 2.9 |
| 23Q2 (15) | 0.93 | -3.12 | 57.63 | 52.26 | 5.43 | 7.53 | 11.47 | -7.87 | 30.19 | 12.65 | -6.99 | 38.71 | 10.18 | -6.35 | 39.84 | 2.31 | -0.43 | 59.31 | 1.40 | -2.78 | 52.17 | 0.13 | 0.0 | 8.33 | 23.86 | -4.56 | 12.07 | 69.58 | 3.57 | -7.19 | 90.91 | -0.43 | -9.09 | 9.09 | 4.55 | 0 | 33.90 | 4.6 | 2.98 |
| 23Q1 (14) | 0.96 | -8.57 | 14.29 | 49.57 | 0.59 | 3.18 | 12.45 | -1.5 | 5.06 | 13.60 | 6.33 | 7.94 | 10.87 | 4.52 | 6.15 | 2.32 | -6.83 | 16.0 | 1.44 | -8.28 | 6.67 | 0.13 | -13.33 | 0.0 | 25.00 | 11.61 | 2.63 | 67.18 | 8.16 | 28.82 | 91.30 | -4.89 | -3.89 | 8.70 | 0 | 73.91 | 32.41 | 7.5 | 1.63 |
| 22Q4 (13) | 1.05 | -37.5 | 94.44 | 49.28 | -8.54 | 0.78 | 12.64 | -34.88 | -17.33 | 12.79 | -36.43 | 41.64 | 10.40 | -35.4 | 89.09 | 2.49 | -39.71 | 99.2 | 1.57 | -36.95 | 86.9 | 0.15 | 0.0 | 0.0 | 22.40 | -24.45 | 14.58 | 62.11 | 0.63 | 15.45 | 96.00 | -1.54 | -43.11 | 0.00 | -100.0 | 100.0 | 30.15 | 1.65 | 18.0 |
| 22Q3 (12) | 1.68 | 184.75 | 36.59 | 53.88 | 10.86 | 10.3 | 19.41 | 120.32 | 45.28 | 20.12 | 120.61 | 21.87 | 16.10 | 121.15 | 20.42 | 4.13 | 184.83 | 34.97 | 2.49 | 170.65 | 32.45 | 0.15 | 25.0 | 7.14 | 29.65 | 39.27 | 5.29 | 61.72 | -17.67 | 13.56 | 97.50 | -2.5 | 22.93 | 2.50 | 0 | -85.5 | 29.66 | -9.9 | 0.14 |
| 22Q2 (11) | 0.59 | -29.76 | 25.53 | 48.60 | 1.17 | 2.64 | 8.81 | -25.65 | 69.42 | 9.12 | -27.62 | 27.91 | 7.28 | -28.91 | 27.94 | 1.45 | -27.5 | 30.63 | 0.92 | -31.85 | 29.58 | 0.12 | -7.69 | 0.0 | 21.29 | -12.6 | 5.08 | 74.97 | 43.76 | -2.09 | 100.00 | 5.26 | 37.5 | 0.00 | -100.0 | -100.0 | 32.92 | 3.23 | -1.5 |
| 22Q1 (10) | 0.84 | 55.56 | 6.33 | 48.04 | -1.76 | -0.85 | 11.85 | -22.5 | -2.23 | 12.60 | 39.53 | 6.69 | 10.24 | 86.18 | 8.13 | 2.00 | 60.0 | 10.5 | 1.35 | 60.71 | 10.66 | 0.13 | -13.33 | 8.33 | 24.36 | 24.6 | -2.56 | 52.15 | -3.07 | 0.35 | 95.00 | -43.7 | -10.0 | 5.00 | 107.27 | 0 | 31.89 | 24.81 | 1.98 |
| 21Q4 (9) | 0.54 | -56.1 | 20.0 | 48.90 | 0.1 | -3.44 | 15.29 | 14.45 | 40.79 | 9.03 | -45.31 | -19.16 | 5.50 | -58.86 | 13.17 | 1.25 | -59.15 | 17.92 | 0.84 | -55.32 | 15.07 | 0.15 | 7.14 | 7.14 | 19.55 | -30.58 | -13.99 | 53.80 | -1.01 | -3.43 | 168.75 | 112.77 | 77.63 | -68.75 | -498.75 | -1475.0 | 25.55 | -13.74 | -23.43 |
| 21Q3 (8) | 1.23 | 161.7 | -25.45 | 48.85 | 3.17 | -5.71 | 13.36 | 156.92 | -5.18 | 16.51 | 131.56 | -12.69 | 13.37 | 134.97 | -20.23 | 3.06 | 175.68 | -24.07 | 1.88 | 164.79 | -22.63 | 0.14 | 16.67 | 0.0 | 28.16 | 38.99 | -4.45 | 54.35 | -29.02 | 8.77 | 79.31 | 9.05 | 5.75 | 17.24 | -36.78 | -31.03 | 29.62 | -11.37 | -14.64 |
| 21Q2 (7) | 0.47 | -40.51 | 4.44 | 47.35 | -2.27 | 4.32 | 5.20 | -57.1 | 29.35 | 7.13 | -39.63 | 33.52 | 5.69 | -39.92 | 46.27 | 1.11 | -38.67 | 7.77 | 0.71 | -41.8 | 10.94 | 0.12 | 0.0 | -20.0 | 20.26 | -18.96 | 18.76 | 76.57 | 47.34 | -11.81 | 72.73 | -31.1 | 0.0 | 27.27 | 0 | 0.0 | 33.42 | 6.88 | 13.1 |
| 21Q1 (6) | 0.79 | 75.56 | -3.66 | 48.45 | -4.32 | 8.95 | 12.12 | 11.6 | 40.6 | 11.81 | 5.73 | 38.94 | 9.47 | 94.86 | 32.08 | 1.81 | 70.75 | 1.12 | 1.22 | 67.12 | 15.09 | 0.12 | -14.29 | -14.29 | 25.00 | 9.99 | 19.05 | 51.97 | -6.71 | -30.28 | 105.56 | 11.11 | 5.56 | 0.00 | -100.0 | 0 | 31.27 | -6.29 | 4.23 |
| 20Q4 (5) | 0.45 | -72.73 | -53.12 | 50.64 | -2.26 | 12.76 | 10.86 | -22.92 | 10.25 | 11.17 | -40.93 | 27.8 | 4.86 | -71.0 | -35.63 | 1.06 | -73.7 | -51.38 | 0.73 | -69.96 | -41.13 | 0.14 | 0.0 | -6.67 | 22.73 | -22.87 | 14.16 | 55.71 | 11.49 | -36.73 | 95.00 | 26.67 | -13.64 | 5.00 | -80.0 | 133.33 | 33.37 | -3.83 | 0 |
| 20Q3 (4) | 1.65 | 266.67 | 0.0 | 51.81 | 14.14 | 0.0 | 14.09 | 250.5 | 0.0 | 18.91 | 254.12 | 0.0 | 16.76 | 330.85 | 0.0 | 4.03 | 291.26 | 0.0 | 2.43 | 279.69 | 0.0 | 0.14 | -6.67 | 0.0 | 29.47 | 72.74 | 0.0 | 49.97 | -42.44 | 0.0 | 75.00 | 3.12 | 0.0 | 25.00 | -8.33 | 0.0 | 34.70 | 17.43 | 0.0 |
| 20Q2 (3) | 0.45 | -45.12 | 0.0 | 45.39 | 2.07 | 0.0 | 4.02 | -53.36 | 0.0 | 5.34 | -37.18 | 0.0 | 3.89 | -45.75 | 0.0 | 1.03 | -42.46 | 0.0 | 0.64 | -39.62 | 0.0 | 0.15 | 7.14 | 0.0 | 17.06 | -18.76 | 0.0 | 86.82 | 16.47 | 0.0 | 72.73 | -27.27 | 0.0 | 27.27 | 0 | 0.0 | 29.55 | -1.5 | 0.0 |
| 20Q1 (2) | 0.82 | -14.58 | 0.0 | 44.47 | -0.98 | 0.0 | 8.62 | -12.49 | 0.0 | 8.50 | -2.75 | 0.0 | 7.17 | -5.03 | 0.0 | 1.79 | -17.89 | 0.0 | 1.06 | -14.52 | 0.0 | 0.14 | -6.67 | 0.0 | 21.00 | 5.47 | 0.0 | 74.54 | -15.34 | 0.0 | 100.00 | -9.09 | 0.0 | -0.00 | 100.0 | 0.0 | 30.00 | 0 | 0.0 |
| 19Q4 (1) | 0.96 | 0.0 | 0.0 | 44.91 | 0.0 | 0.0 | 9.85 | 0.0 | 0.0 | 8.74 | 0.0 | 0.0 | 7.55 | 0.0 | 0.0 | 2.18 | 0.0 | 0.0 | 1.24 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 19.91 | 0.0 | 0.0 | 88.05 | 0.0 | 0.0 | 110.00 | 0.0 | 0.0 | -15.00 | 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) | 5.48 | 31.73 | 52.58 | 4.85 | 15.95 | 17.89 | 9.41 | -5.61 | 16.39 | 16.99 | 13.53 | 19.84 | 12.43 | 25.56 | 7.83 | 22.34 | 0.57 | 1.79 | 26.41 | 6.53 | 59.89 | -3.57 | 97.60 | 0.68 | 2.40 | -21.6 | 35.75 | -3.93 | 30.94 | -0.23 |
| 2022 (9) | 4.16 | 37.75 | 50.15 | 3.57 | 13.53 | 15.54 | 9.97 | -10.8 | 14.01 | 24.87 | 11.29 | 32.05 | 9.90 | 40.03 | 6.40 | 35.88 | 0.56 | 5.66 | 24.79 | 6.58 | 62.11 | 15.45 | 96.94 | -6.84 | 3.06 | 0 | 37.21 | -8.1 | 31.01 | 4.1 |
| 2021 (8) | 3.02 | -8.48 | 48.42 | 1.06 | 11.71 | 27.14 | 11.18 | 4.51 | 11.22 | 3.99 | 8.55 | 5.56 | 7.07 | -9.94 | 4.71 | -1.46 | 0.53 | -5.36 | 23.26 | 3.75 | 53.80 | -3.43 | 104.05 | 21.4 | -4.05 | 0 | 40.49 | 3.4 | 29.79 | -2.23 |
| 2020 (7) | 3.30 | -25.17 | 47.91 | 6.94 | 9.21 | -5.05 | 10.70 | 4.82 | 10.79 | 9.32 | 8.10 | -7.22 | 7.85 | -19.49 | 4.78 | -18.43 | 0.56 | -11.11 | 22.42 | 6.86 | 55.71 | -36.73 | 85.71 | -13.29 | 14.29 | 1142.86 | 39.16 | 17.09 | 30.47 | 8.13 |
| 2019 (6) | 4.41 | -38.58 | 44.80 | -4.54 | 9.70 | -20.43 | 10.20 | 420.41 | 9.87 | -25.23 | 8.73 | -36.65 | 9.75 | -39.52 | 5.86 | -40.93 | 0.63 | -11.27 | 20.98 | 35.62 | 88.05 | 31.58 | 98.85 | 6.79 | 1.15 | -84.55 | 33.45 | -10.2 | 28.18 | -4.93 |
| 2018 (5) | 7.18 | -23.37 | 46.93 | -5.06 | 12.19 | -32.58 | 1.96 | -5.19 | 13.20 | -30.6 | 13.78 | -28.6 | 16.12 | -25.54 | 9.92 | -35.16 | 0.71 | -10.13 | 15.47 | -27.34 | 66.92 | 9.38 | 92.56 | -3.09 | 7.44 | 45.04 | 37.24 | -3.44 | 29.64 | -41.03 |
| 2017 (4) | 9.37 | 0 | 49.43 | 39.48 | 18.08 | 50.54 | 2.07 | 13.23 | 19.02 | 43.87 | 19.30 | 41.91 | 21.65 | 166.3 | 15.30 | 142.86 | 0.79 | 75.56 | 21.29 | 37.09 | 61.18 | 195.84 | 95.51 | 6.53 | 5.13 | -50.43 | 38.57 | 0 | 50.26 | 139.33 |
| 2016 (3) | 0.00 | 0 | 35.44 | 193.86 | 12.01 | 0 | 1.83 | -33.33 | 13.22 | 0 | 13.60 | 0 | 8.13 | 0 | 6.30 | 0 | 0.45 | -59.09 | 15.53 | 0 | 20.68 | -89.11 | 89.66 | -13.44 | 10.34 | 0 | 0.00 | 0 | 21.00 | -10.18 |
| 2015 (2) | -0.64 | 0 | 12.06 | 0 | -19.55 | 0 | 2.74 | -57.73 | -18.94 | 0 | -18.94 | 0 | -76.03 | 0 | -20.78 | 0 | 1.10 | 69.23 | -16.44 | 0 | 189.94 | -52.6 | 103.57 | -0.79 | -3.57 | 0 | 0.00 | 0 | 23.38 | -37.89 |
| 2014 (1) | -2.32 | 0 | -35.88 | 0 | -87.39 | 0 | 6.48 | 23.15 | -83.76 | 0 | -83.98 | 0 | -128.67 | 0 | -54.82 | 0 | 0.65 | -26.97 | -76.85 | 0 | 400.74 | 440.37 | 104.40 | 8.57 | -4.40 | 0 | 0.00 | 0 | 37.64 | 22.85 |
