- 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) | 2.51 | -42.95 | 75.52 | 35.04 | -0.9 | 13.18 | 27.22 | -6.01 | 31.56 | 26.12 | -10.55 | 27.35 | 21.53 | -10.89 | 25.1 | 5.77 | -44.31 | 46.82 | 2.70 | -39.19 | 67.7 | 0.12 | -33.33 | 33.33 | 28.46 | -7.81 | 18.24 | 112.47 | -11.27 | -28.98 | 104.26 | 5.1 | 3.35 | -4.21 | -629.75 | -376.66 | 5.64 | 34.29 | -22.74 |
| 24Q2 (19) | 4.40 | 216.55 | 1122.22 | 35.36 | 11.62 | 32.04 | 28.96 | 32.48 | 73.0 | 29.20 | 34.07 | 87.3 | 24.16 | 35.81 | 144.53 | 10.36 | 180.0 | 412.87 | 4.44 | 179.25 | 393.33 | 0.18 | 125.0 | 125.0 | 30.87 | 20.59 | 56.86 | 126.75 | -15.17 | -19.98 | 99.21 | -1.17 | -7.73 | 0.79 | 308.21 | 110.78 | 4.20 | -47.17 | -46.22 |
| 24Q1 (18) | 1.39 | -20.57 | 56.18 | 31.68 | -7.07 | 13.35 | 21.86 | -11.03 | 22.88 | 21.78 | -10.74 | 28.12 | 17.79 | -15.53 | 31.78 | 3.70 | -27.88 | 33.57 | 1.59 | -25.35 | 32.5 | 0.08 | -20.0 | 0.0 | 25.60 | -8.41 | 21.62 | 149.42 | 1.9 | 2.24 | 100.38 | -0.28 | -4.02 | -0.38 | 42.66 | 91.67 | 7.95 | 4.88 | -7.45 |
| 23Q4 (17) | 1.75 | 22.38 | 29.63 | 34.09 | 10.11 | 36.74 | 24.57 | 18.75 | 36.73 | 24.40 | 18.97 | 39.83 | 21.06 | 22.37 | 42.2 | 5.13 | 30.53 | -1.35 | 2.13 | 32.3 | 0.95 | 0.10 | 11.11 | -23.08 | 27.95 | 16.12 | 40.31 | 146.63 | -7.41 | -7.8 | 100.67 | -0.22 | -2.22 | -0.67 | 24.63 | 77.42 | 7.58 | 3.84 | 55.01 |
| 23Q3 (16) | 1.43 | 297.22 | 138.33 | 30.96 | 15.61 | 22.81 | 20.69 | 23.6 | 34.35 | 20.51 | 31.56 | 43.43 | 17.21 | 74.19 | 53.39 | 3.93 | 94.55 | 59.11 | 1.61 | 78.89 | 54.81 | 0.09 | 12.5 | 12.5 | 24.07 | 22.31 | 30.32 | 158.37 | -0.01 | -2.26 | 100.88 | -6.17 | -6.33 | -0.88 | 88.02 | 88.54 | 7.30 | -6.53 | -5.56 |
| 23Q2 (15) | 0.36 | -59.55 | -56.1 | 26.78 | -4.19 | -3.63 | 16.74 | -5.9 | -8.07 | 15.59 | -8.29 | -8.4 | 9.88 | -26.81 | -17.8 | 2.02 | -27.08 | -26.81 | 0.90 | -25.0 | -21.74 | 0.08 | 0.0 | -11.11 | 19.68 | -6.51 | -6.11 | 158.39 | 8.37 | -7.62 | 107.51 | 2.8 | 0.47 | -7.37 | -60.88 | -5.15 | 7.81 | -9.08 | 6.4 |
| 23Q1 (14) | 0.89 | -34.07 | -41.83 | 27.95 | 12.11 | -16.02 | 17.79 | -1.0 | -23.75 | 17.00 | -2.58 | -24.14 | 13.50 | -8.85 | -30.91 | 2.77 | -46.73 | -41.68 | 1.20 | -43.13 | -36.84 | 0.08 | -38.46 | -11.11 | 21.05 | 5.67 | -18.98 | 146.15 | -8.1 | -9.18 | 104.58 | 1.59 | 0.44 | -4.58 | -55.4 | -11.14 | 8.59 | 75.66 | 34.64 |
| 22Q4 (13) | 1.35 | 125.0 | -30.41 | 24.93 | -1.11 | -20.2 | 17.97 | 16.69 | -23.53 | 17.45 | 22.03 | -21.96 | 14.81 | 32.0 | -23.58 | 5.20 | 110.53 | -17.33 | 2.11 | 102.88 | -12.45 | 0.13 | 62.5 | 8.33 | 19.92 | 7.85 | -21.26 | 159.04 | -1.85 | -6.06 | 102.95 | -4.42 | -2.07 | -2.95 | 61.74 | 42.43 | 4.89 | -36.74 | 5.16 |
| 22Q3 (12) | 0.60 | -26.83 | -41.18 | 25.21 | -9.28 | -18.26 | 15.40 | -15.43 | -26.21 | 14.30 | -15.98 | -30.58 | 11.22 | -6.66 | -20.14 | 2.47 | -10.51 | -25.83 | 1.04 | -9.57 | -22.39 | 0.08 | -11.11 | -11.11 | 18.47 | -11.88 | -25.19 | 162.04 | -5.49 | -9.8 | 107.70 | 0.65 | 6.23 | -7.70 | -9.93 | -500.94 | 7.73 | 5.31 | 9.8 |
| 22Q2 (11) | 0.82 | -46.41 | -70.4 | 27.79 | -16.5 | 10.45 | 18.21 | -21.95 | -8.35 | 17.02 | -24.05 | -12.45 | 12.02 | -38.49 | -28.07 | 2.76 | -41.89 | -67.1 | 1.15 | -39.47 | -61.02 | 0.09 | 0.0 | -47.06 | 20.96 | -19.32 | -2.19 | 171.45 | 6.54 | 2.89 | 107.01 | 2.77 | 4.61 | -7.01 | -70.04 | -213.51 | 7.34 | 15.05 | 106.18 |
| 22Q1 (10) | 1.53 | -21.13 | 40.37 | 33.28 | 6.53 | 28.2 | 23.33 | -0.72 | 33.16 | 22.41 | 0.22 | 37.48 | 19.54 | 0.83 | 49.39 | 4.75 | -24.48 | 30.49 | 1.90 | -21.16 | 55.74 | 0.09 | -25.0 | 12.5 | 25.98 | 2.69 | 28.87 | 160.93 | -4.94 | -29.52 | 104.12 | -0.95 | -3.13 | -4.12 | 19.51 | 44.9 | 6.38 | 37.2 | 3.91 |
| 21Q4 (9) | 1.94 | 90.2 | -55.71 | 31.24 | 1.3 | 11.77 | 23.50 | 12.6 | 2.09 | 22.36 | 8.54 | 0.4 | 19.38 | 37.94 | 9.18 | 6.29 | 88.89 | -57.79 | 2.41 | 79.85 | -43.43 | 0.12 | 33.33 | -47.83 | 25.30 | 2.47 | 6.53 | 169.30 | -5.76 | -26.52 | 105.12 | 3.68 | 1.69 | -5.12 | -299.43 | -51.77 | 4.65 | -33.95 | 46.69 |
| 21Q3 (8) | 1.02 | -63.18 | 22.89 | 30.84 | 22.58 | 41.4 | 20.87 | 5.03 | 54.36 | 20.60 | 5.97 | 69.55 | 14.05 | -15.92 | 33.94 | 3.33 | -60.31 | -0.89 | 1.34 | -54.58 | 38.14 | 0.09 | -47.06 | 12.5 | 24.69 | 15.21 | 49.09 | 179.65 | 7.81 | -39.05 | 101.39 | -0.88 | -8.97 | -1.28 | 42.65 | 88.74 | 7.04 | 97.75 | 15.03 |
| 21Q2 (7) | 2.77 | 154.13 | 182.65 | 25.16 | -3.08 | 1.17 | 19.87 | 13.41 | 21.6 | 19.44 | 19.26 | 20.67 | 16.71 | 27.75 | 36.3 | 8.39 | 130.49 | 93.32 | 2.95 | 141.8 | 147.9 | 0.17 | 112.5 | 88.89 | 21.43 | 6.3 | 9.5 | 166.63 | -27.02 | -46.85 | 102.29 | -4.83 | 0.84 | -2.24 | 70.12 | -55.18 | 3.56 | -42.02 | -32.96 |
| 21Q1 (6) | 1.09 | -75.11 | 78.69 | 25.96 | -7.12 | 0.7 | 17.52 | -23.89 | 21.25 | 16.30 | -26.81 | 37.67 | 13.08 | -26.31 | 38.12 | 3.64 | -75.57 | 43.87 | 1.22 | -71.36 | 54.43 | 0.08 | -65.22 | 14.29 | 20.16 | -15.12 | 21.23 | 228.33 | -0.9 | -20.3 | 107.48 | 3.97 | -11.99 | -7.48 | -121.73 | 66.19 | 6.14 | 93.69 | -19.53 |
| 20Q4 (5) | 4.38 | 427.71 | 173.75 | 27.95 | 28.15 | 7.29 | 23.02 | 70.27 | 38.01 | 22.27 | 83.29 | 58.17 | 17.75 | 69.21 | 27.51 | 14.90 | 343.45 | 141.88 | 4.26 | 339.18 | 152.07 | 0.23 | 187.5 | 109.09 | 23.75 | 43.42 | 37.28 | 230.41 | -21.83 | -19.81 | 103.37 | -7.19 | -12.75 | -3.37 | 70.36 | 81.75 | 3.17 | -48.2 | 0 |
| 20Q3 (4) | 0.83 | -15.31 | 0.0 | 21.81 | -12.3 | 0.0 | 13.52 | -17.26 | 0.0 | 12.15 | -24.58 | 0.0 | 10.49 | -14.44 | 0.0 | 3.36 | -22.58 | 0.0 | 0.97 | -18.49 | 0.0 | 0.08 | -11.11 | 0.0 | 16.56 | -15.38 | 0.0 | 294.76 | -5.98 | 0.0 | 111.38 | 9.8 | 0.0 | -11.38 | -690.21 | 0.0 | 6.12 | 15.25 | 0.0 |
| 20Q2 (3) | 0.98 | 60.66 | 0.0 | 24.87 | -3.53 | 0.0 | 16.34 | 13.08 | 0.0 | 16.11 | 36.06 | 0.0 | 12.26 | 29.46 | 0.0 | 4.34 | 71.54 | 0.0 | 1.19 | 50.63 | 0.0 | 0.09 | 28.57 | 0.0 | 19.57 | 17.68 | 0.0 | 313.52 | 9.43 | 0.0 | 101.44 | -16.94 | 0.0 | -1.44 | 93.49 | 0.0 | 5.31 | -30.41 | 0.0 |
| 20Q1 (2) | 0.61 | -61.88 | 0.0 | 25.78 | -1.04 | 0.0 | 14.45 | -13.37 | 0.0 | 11.84 | -15.91 | 0.0 | 9.47 | -31.97 | 0.0 | 2.53 | -58.93 | 0.0 | 0.79 | -53.25 | 0.0 | 0.07 | -36.36 | 0.0 | 16.63 | -3.87 | 0.0 | 286.49 | -0.29 | 0.0 | 122.13 | 3.07 | 0.0 | -22.13 | -19.7 | 0.0 | 7.63 | 0 | 0.0 |
| 19Q4 (1) | 1.60 | 0.0 | 0.0 | 26.05 | 0.0 | 0.0 | 16.68 | 0.0 | 0.0 | 14.08 | 0.0 | 0.0 | 13.92 | 0.0 | 0.0 | 6.16 | 0.0 | 0.0 | 1.69 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | 17.30 | 0.0 | 0.0 | 287.33 | 0.0 | 0.0 | 118.48 | 0.0 | 0.0 | -18.48 | 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) | 4.42 | 2.55 | 30.20 | 9.66 | 20.22 | 7.96 | 2.27 | 16.98 | 19.68 | 10.25 | 15.78 | 8.45 | 13.66 | -9.3 | 5.79 | -5.85 | 0.34 | -12.82 | 23.47 | 10.45 | 146.63 | -7.8 | 102.74 | -2.05 | -2.74 | 0 | 0.09 | -4.75 | 7.80 | 22.64 |
| 2022 (9) | 4.31 | -33.38 | 27.54 | -1.15 | 18.73 | -8.63 | 1.94 | 15.2 | 17.85 | -9.67 | 14.55 | -10.13 | 15.06 | -31.01 | 6.15 | -20.95 | 0.39 | -13.33 | 21.25 | -6.55 | 159.04 | -6.06 | 104.90 | 1.14 | -4.90 | 0 | 0.10 | -3.61 | 6.36 | 28.23 |
| 2021 (8) | 6.47 | -4.85 | 27.86 | 7.15 | 20.50 | 8.47 | 1.68 | 15.93 | 19.76 | 10.51 | 16.19 | 13.38 | 21.83 | -11.19 | 7.78 | 4.85 | 0.45 | -6.25 | 22.74 | 9.8 | 169.30 | -26.52 | 103.72 | -1.9 | -3.74 | 0 | 0.10 | 17.43 | 4.96 | 5.08 |
| 2020 (7) | 6.80 | 161.54 | 26.00 | -1.07 | 18.90 | 31.71 | 1.45 | -38.36 | 17.88 | 51.01 | 14.28 | 41.53 | 24.58 | 122.44 | 7.42 | 108.43 | 0.48 | 65.52 | 20.71 | 20.2 | 230.41 | -19.81 | 105.73 | -12.78 | -5.73 | 0 | 0.09 | 10.87 | 4.72 | -34.44 |
| 2019 (6) | 2.60 | 152.43 | 26.28 | -5.13 | 14.35 | 8.47 | 2.36 | 31.79 | 11.84 | 58.29 | 10.09 | 116.52 | 11.05 | 118.38 | 3.56 | 76.24 | 0.29 | 0.0 | 17.23 | 38.73 | 287.33 | 3.69 | 121.22 | -31.45 | -21.17 | 0 | 0.08 | -24.21 | 7.20 | 3.0 |
| 2018 (5) | 1.03 | 47.14 | 27.70 | -1.7 | 13.23 | 56.01 | 1.79 | -27.84 | 7.48 | 1.77 | 4.66 | -2.92 | 5.06 | 39.39 | 2.02 | 40.28 | 0.29 | 38.1 | 12.42 | 0.16 | 277.10 | -2.3 | 176.85 | 53.15 | -76.76 | 0 | 0.10 | -44.65 | 6.99 | -30.03 |
| 2017 (4) | 0.70 | -53.02 | 28.18 | 5.39 | 8.48 | -34.01 | 2.48 | 15.8 | 7.35 | -11.98 | 4.80 | -30.94 | 3.63 | -41.36 | 1.44 | -39.5 | 0.21 | -25.0 | 12.40 | -2.21 | 283.62 | 25.94 | 115.48 | -24.96 | -15.34 | 0 | 0.18 | 0 | 9.99 | 24.1 |
| 2016 (3) | 1.49 | 28.45 | 26.74 | -0.63 | 12.85 | 4.73 | 2.14 | -10.8 | 8.35 | -14.97 | 6.95 | 5.78 | 6.19 | 15.49 | 2.38 | 10.19 | 0.28 | 7.69 | 12.68 | -13.09 | 225.21 | 2.23 | 153.89 | 23.11 | -53.89 | 0 | 0.00 | 0 | 8.05 | 8.78 |
| 2015 (2) | 1.16 | -80.07 | 26.91 | -28.73 | 12.27 | -53.38 | 2.40 | 42.85 | 9.82 | -61.26 | 6.57 | -71.47 | 5.36 | -78.5 | 2.16 | -72.62 | 0.26 | -18.75 | 14.59 | -49.29 | 220.29 | 2.44 | 125.00 | 20.42 | -25.00 | 0 | 0.00 | 0 | 7.40 | 22.52 |
| 2014 (1) | 5.82 | 140.5 | 37.76 | 0 | 26.32 | 0 | 1.68 | -43.66 | 25.35 | 0 | 23.03 | 0 | 24.93 | 0 | 7.89 | 0 | 0.32 | 68.42 | 28.77 | 17.28 | 215.04 | -16.88 | 103.80 | 33.44 | -3.83 | 0 | 0.00 | 0 | 6.04 | -35.68 |
