- 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) | 0.46 | 31.43 | 31.43 | 32.52 | 2.65 | 0.77 | 9.09 | 23.84 | 10.58 | 10.26 | 21.42 | 17.53 | 8.21 | 21.45 | 17.45 | 2.81 | 36.41 | 28.9 | 1.84 | 36.3 | 29.58 | 0.22 | 10.0 | 10.0 | 13.19 | 15.2 | 13.12 | 47.81 | -18.95 | -2.77 | 89.47 | 4.39 | -3.64 | 10.53 | -26.32 | 47.37 | 21.43 | -7.19 | -3.25 |
| 24Q2 (19) | 0.35 | -40.68 | -23.91 | 31.68 | -5.52 | -2.88 | 7.34 | -43.06 | -25.18 | 8.45 | -37.13 | -26.14 | 6.76 | -37.12 | -26.12 | 2.06 | -39.94 | -25.9 | 1.35 | -41.81 | -25.82 | 0.20 | -4.76 | 0.0 | 11.45 | -29.71 | -21.74 | 58.99 | 24.43 | -0.25 | 85.71 | -10.56 | 1.79 | 14.29 | 242.86 | -9.52 | 23.09 | 16.79 | 6.75 |
| 24Q1 (18) | 0.59 | -4.84 | 15.69 | 33.53 | 0.36 | -3.59 | 12.89 | 8.96 | 18.58 | 13.44 | 1.28 | -5.62 | 10.75 | 1.32 | -5.62 | 3.43 | -7.8 | 15.1 | 2.32 | -7.2 | 15.42 | 0.21 | -8.7 | 16.67 | 16.29 | 2.65 | -6.16 | 47.41 | -4.65 | -1.64 | 95.83 | 8.9 | 25.78 | 4.17 | -65.28 | -82.5 | 19.77 | -2.95 | -11.74 |
| 23Q4 (17) | 0.62 | 77.14 | 16.98 | 33.41 | 3.53 | 9.61 | 11.83 | 43.92 | 5.72 | 13.27 | 52.0 | 12.27 | 10.61 | 51.79 | 12.63 | 3.72 | 70.64 | 14.81 | 2.50 | 76.06 | 13.12 | 0.23 | 15.0 | 0.0 | 15.87 | 36.11 | 11.68 | 49.72 | 1.12 | -0.16 | 88.00 | -5.23 | -3.2 | 12.00 | 68.0 | 164.0 | 20.37 | -8.04 | 18.43 |
| 23Q3 (16) | 0.35 | -23.91 | -14.63 | 32.27 | -1.07 | -7.98 | 8.22 | -16.21 | -8.26 | 8.73 | -23.69 | -26.2 | 6.99 | -23.61 | -26.11 | 2.18 | -21.58 | -15.83 | 1.42 | -21.98 | -17.44 | 0.20 | 0.0 | 11.11 | 11.66 | -20.3 | -24.73 | 49.17 | -16.86 | 11.7 | 92.86 | 10.27 | 21.43 | 7.14 | -54.76 | -69.64 | 22.15 | 2.4 | -3.23 |
| 23Q2 (15) | 0.46 | -9.8 | -11.54 | 32.62 | -6.21 | -7.77 | 9.81 | -9.75 | -24.77 | 11.44 | -19.66 | -17.58 | 9.15 | -19.67 | -17.57 | 2.78 | -6.71 | -12.03 | 1.82 | -9.45 | -12.92 | 0.20 | 11.11 | 5.26 | 14.63 | -15.73 | -14.49 | 59.14 | 22.7 | 0.56 | 84.21 | 10.53 | -11.58 | 15.79 | -33.68 | 231.58 | 21.63 | -3.44 | 8.26 |
| 23Q1 (14) | 0.51 | -3.77 | 50.0 | 34.78 | 14.11 | -6.71 | 10.87 | -2.86 | 6.05 | 14.24 | 20.47 | 21.09 | 11.39 | 20.91 | 21.04 | 2.98 | -8.02 | 49.75 | 2.01 | -9.05 | 44.6 | 0.18 | -21.74 | 20.0 | 17.36 | 22.17 | 6.9 | 48.20 | -3.21 | 7.97 | 76.19 | -16.19 | -11.11 | 23.81 | 423.81 | 66.67 | 22.40 | 30.23 | -8.2 |
| 22Q4 (13) | 0.53 | 29.27 | 10.42 | 30.48 | -13.09 | -15.36 | 11.19 | 24.89 | -0.71 | 11.82 | -0.08 | -2.31 | 9.42 | -0.42 | -4.46 | 3.24 | 25.1 | 10.96 | 2.21 | 28.49 | 7.28 | 0.23 | 27.78 | 9.52 | 14.21 | -8.26 | -5.83 | 49.80 | 13.13 | 11.76 | 90.91 | 18.88 | -4.04 | 4.55 | -80.68 | -13.64 | 17.20 | -24.86 | -19.66 |
| 22Q3 (12) | 0.41 | -21.15 | -28.07 | 35.07 | -0.85 | -2.07 | 8.96 | -31.29 | -29.45 | 11.83 | -14.77 | -10.92 | 9.46 | -14.77 | -11.01 | 2.59 | -18.04 | -23.37 | 1.72 | -17.7 | -28.63 | 0.18 | -5.26 | -21.74 | 15.49 | -9.47 | -3.73 | 44.02 | -25.15 | 8.13 | 76.47 | -19.71 | -20.05 | 23.53 | 394.12 | 441.18 | 22.89 | 14.56 | 12.21 |
| 22Q2 (11) | 0.52 | 52.94 | 8.33 | 35.37 | -5.12 | 10.98 | 13.04 | 27.22 | 30.53 | 13.88 | 18.03 | 29.36 | 11.10 | 17.96 | 29.37 | 3.16 | 58.79 | 12.46 | 2.09 | 50.36 | 3.47 | 0.19 | 26.67 | -17.39 | 17.11 | 5.36 | 24.53 | 58.81 | 31.74 | 46.11 | 95.24 | 11.11 | 5.82 | 4.76 | -66.67 | -4.76 | 19.98 | -18.11 | 4.12 |
| 22Q1 (10) | 0.34 | -29.17 | -40.35 | 37.28 | 3.53 | 10.1 | 10.25 | -9.05 | -19.98 | 11.76 | -2.81 | -17.12 | 9.41 | -4.56 | -17.09 | 1.99 | -31.85 | -41.64 | 1.39 | -32.52 | -42.08 | 0.15 | -28.57 | -28.57 | 16.24 | 7.62 | -6.02 | 44.64 | 0.18 | 13.36 | 85.71 | -9.52 | -6.12 | 14.29 | 171.43 | 64.29 | 24.40 | 13.97 | 32.83 |
| 21Q4 (9) | 0.48 | -15.79 | -27.27 | 36.01 | 0.56 | 21.74 | 11.27 | -11.26 | -2.51 | 12.10 | -8.89 | -3.35 | 9.86 | -7.24 | -2.76 | 2.92 | -13.61 | -28.95 | 2.06 | -14.52 | -28.47 | 0.21 | -8.7 | -25.0 | 15.09 | -6.22 | -0.98 | 44.56 | 9.46 | -3.13 | 94.74 | -0.96 | 2.63 | 5.26 | 21.05 | -31.58 | 21.41 | 4.95 | 39.48 |
| 21Q3 (8) | 0.57 | 18.75 | 29.55 | 35.81 | 12.36 | 6.01 | 12.70 | 27.13 | 22.59 | 13.28 | 23.77 | 19.75 | 10.63 | 23.89 | 19.84 | 3.38 | 20.28 | 18.18 | 2.41 | 19.31 | 21.11 | 0.23 | 0.0 | 4.55 | 16.09 | 17.1 | 13.31 | 40.71 | 1.14 | 0.67 | 95.65 | 6.28 | 1.28 | 4.35 | -13.04 | -21.74 | 20.40 | 6.31 | 0.94 |
| 21Q2 (7) | 0.48 | -15.79 | 6.67 | 31.87 | -5.88 | -0.59 | 9.99 | -22.01 | -0.2 | 10.73 | -24.38 | -3.25 | 8.58 | -24.41 | -1.72 | 2.81 | -17.6 | -1.75 | 2.02 | -15.83 | 1.0 | 0.23 | 9.52 | 0.0 | 13.74 | -20.49 | -4.38 | 40.25 | 2.21 | -19.16 | 90.00 | -1.43 | -4.71 | 5.00 | -42.5 | -55.0 | 19.19 | 4.46 | 0 |
| 21Q1 (6) | 0.57 | -13.64 | 137.5 | 33.86 | 14.47 | 9.26 | 12.81 | 10.81 | 109.66 | 14.19 | 13.34 | 93.85 | 11.35 | 11.93 | 94.02 | 3.41 | -17.03 | 125.83 | 2.40 | -16.67 | 122.22 | 0.21 | -25.0 | 16.67 | 17.28 | 13.39 | 54.42 | 39.38 | -14.39 | 2.69 | 91.30 | -1.09 | 14.13 | 8.70 | 13.04 | -56.52 | 18.37 | 19.67 | 0 |
| 20Q4 (5) | 0.66 | 50.0 | 57.14 | 29.58 | -12.43 | 7.41 | 11.56 | 11.58 | 31.96 | 12.52 | 12.89 | 37.58 | 10.14 | 14.32 | 39.29 | 4.11 | 43.71 | 53.93 | 2.88 | 44.72 | 53.19 | 0.28 | 27.27 | 7.69 | 15.24 | 7.32 | 28.83 | 46.00 | 13.75 | -0.04 | 92.31 | -2.26 | -1.92 | 7.69 | 38.46 | 30.77 | 15.35 | -24.05 | 4.0 |
| 20Q3 (4) | 0.44 | -2.22 | 0.0 | 33.78 | 5.36 | 0.0 | 10.36 | 3.5 | 0.0 | 11.09 | 0.0 | 0.0 | 8.87 | 1.6 | 0.0 | 2.86 | 0.0 | 0.0 | 1.99 | -0.5 | 0.0 | 0.22 | -4.35 | 0.0 | 14.20 | -1.18 | 0.0 | 40.44 | -18.78 | 0.0 | 94.44 | 0.0 | 0.0 | 5.56 | -50.0 | 0.0 | 20.21 | 0 | 0.0 |
| 20Q2 (3) | 0.45 | 87.5 | 0.0 | 32.06 | 3.45 | 0.0 | 10.01 | 63.83 | 0.0 | 11.09 | 51.5 | 0.0 | 8.73 | 49.23 | 0.0 | 2.86 | 89.4 | 0.0 | 2.00 | 85.19 | 0.0 | 0.23 | 27.78 | 0.0 | 14.37 | 28.42 | 0.0 | 49.79 | 29.83 | 0.0 | 94.44 | 18.06 | 0.0 | 11.11 | -44.44 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.24 | -42.86 | 0.0 | 30.99 | 12.53 | 0.0 | 6.11 | -30.25 | 0.0 | 7.32 | -19.56 | 0.0 | 5.85 | -19.64 | 0.0 | 1.51 | -43.45 | 0.0 | 1.08 | -42.55 | 0.0 | 0.18 | -30.77 | 0.0 | 11.19 | -5.41 | 0.0 | 38.35 | -16.67 | 0.0 | 80.00 | -15.0 | 0.0 | 20.00 | 240.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.42 | 0.0 | 0.0 | 27.54 | 0.0 | 0.0 | 8.76 | 0.0 | 0.0 | 9.10 | 0.0 | 0.0 | 7.28 | 0.0 | 0.0 | 2.67 | 0.0 | 0.0 | 1.88 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 11.83 | 0.0 | 0.0 | 46.02 | 0.0 | 0.0 | 94.12 | 0.0 | 0.0 | 5.88 | 0.0 | 0.0 | 14.76 | 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) | 1.94 | 7.78 | 33.23 | -2.72 | 10.23 | -6.49 | 2.87 | -10.29 | 11.91 | -3.48 | 9.52 | -3.45 | 11.52 | 7.16 | 7.73 | 5.31 | 0.81 | 9.46 | 14.98 | -4.46 | 49.72 | -0.16 | 86.08 | -3.33 | 13.92 | 27.06 | 0.00 | 0 | 21.56 | 4.2 |
| 2022 (9) | 1.80 | -14.29 | 34.16 | -0.5 | 10.94 | -6.17 | 3.20 | 20.51 | 12.34 | -1.52 | 9.86 | -2.09 | 10.75 | -15.29 | 7.34 | -16.4 | 0.74 | -14.94 | 15.68 | 1.1 | 49.80 | 11.76 | 89.04 | -4.2 | 10.96 | 55.25 | 0.00 | 0 | 20.69 | 4.34 |
| 2021 (8) | 2.10 | 17.32 | 34.33 | 9.05 | 11.66 | 18.98 | 2.66 | -5.96 | 12.53 | 16.13 | 10.07 | 16.69 | 12.69 | 14.02 | 8.78 | 14.47 | 0.87 | -1.14 | 15.51 | 10.86 | 44.56 | -3.13 | 92.94 | 2.8 | 7.06 | -26.39 | 0.00 | 0 | 19.83 | 4.48 |
| 2020 (7) | 1.79 | 22.6 | 31.48 | 2.71 | 9.80 | 10.99 | 2.83 | 0.37 | 10.79 | 16.15 | 8.63 | 16.31 | 11.13 | 18.91 | 7.67 | 14.82 | 0.88 | -1.12 | 13.99 | 11.74 | 46.00 | -0.04 | 90.41 | -4.75 | 9.59 | 88.58 | 0.00 | 0 | 18.98 | 2.43 |
| 2019 (6) | 1.46 | 21.67 | 30.65 | 3.93 | 8.83 | 12.92 | 2.82 | 26.56 | 9.29 | 18.65 | 7.42 | 19.87 | 9.36 | 22.83 | 6.68 | 21.23 | 0.89 | 0.0 | 12.52 | 19.35 | 46.02 | 26.39 | 94.92 | -5.08 | 5.08 | 0 | 0.00 | 0 | 18.53 | -3.09 |
| 2018 (5) | 1.20 | -43.13 | 29.49 | -18.08 | 7.82 | -44.1 | 2.23 | -1.04 | 7.83 | -45.59 | 6.19 | -47.68 | 7.62 | -42.14 | 5.51 | -43.2 | 0.89 | 8.54 | 10.49 | -38.15 | 36.41 | -9.45 | 100.00 | 2.47 | 0.00 | 0 | 0.00 | 0 | 19.12 | -5.86 |
| 2017 (4) | 2.11 | 8.21 | 36.00 | -4.61 | 13.99 | -3.58 | 2.25 | -11.07 | 14.39 | -3.36 | 11.83 | -3.98 | 13.17 | 8.31 | 9.70 | 4.08 | 0.82 | 7.89 | 16.96 | -3.14 | 40.21 | 29.13 | 97.59 | -1.11 | 2.41 | -8.43 | 0.00 | 0 | 20.31 | 4.15 |
| 2016 (3) | 1.95 | -19.42 | 37.74 | -3.5 | 14.51 | -11.74 | 2.53 | -12.32 | 14.89 | -18.54 | 12.32 | -18.3 | 12.16 | -19.79 | 9.32 | -18.96 | 0.76 | 0.0 | 17.51 | -17.21 | 31.14 | 3.87 | 98.68 | 10.29 | 2.63 | -75.0 | 0.00 | 0 | 19.50 | 6.21 |
| 2015 (2) | 2.42 | 2.11 | 39.11 | 1.11 | 16.44 | -1.14 | 2.88 | 9.82 | 18.28 | 6.4 | 15.08 | 4.65 | 15.16 | -1.49 | 11.50 | 0.26 | 0.76 | -5.0 | 21.15 | 6.33 | 29.98 | -10.91 | 89.47 | -7.51 | 10.53 | 222.81 | 0.00 | 0 | 18.36 | 4.44 |
| 2014 (1) | 2.37 | 19.1 | 38.68 | 0 | 16.63 | 0 | 2.63 | 6.88 | 17.18 | 0 | 14.41 | 0 | 15.39 | 0 | 11.47 | 0 | 0.80 | -1.23 | 19.89 | 14.38 | 33.65 | -3.14 | 96.74 | -0.68 | 3.26 | -16.3 | 0.00 | 0 | 17.58 | 0.8 |
